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916 Ridge Haven Dr Brandon, FL 33511

4 Beds 2 Baths 1,956 sqft Built 2000

$289,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $148.21
  • 3 Days on Market
  • MLS # : T3286090
  • Updated Date : 01/22/2021 at 09:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

HOT NEW LISTING ! HIGHLY DESIRABLE SOUTH RIDGE NEIGHBORHOOD ! VERY LOW HOA AND NO CDD ! CORNER LOT ! NEWER ROOF ! BRAND NEW UPDATED KITCHEN ! LARGE SCREENED-IN LANIA ! VERY WELL MANINTAINED HOME WITH PRIDE OF OWNERSHIP ! BEAUTIFUL YARD ! COME SEE THIS GORGEOUS 4 BEDROOM 2 BATH 2 CAR GARAGE HOME THAT HAS “ALMOST” 2000 SQUARE FEET OF LIVING AREA AND “JUST OVER” 2500 SQUARE FEET UNDER ROOF ! YOUR NEWLY REMODELED KITCHEN BOAST OF: GRAY SHACKER SOFT CLOSE CABINETS, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, DESIGNER BACKSPLASH, CLOSET PANTRY, TILE FLOOR AND EATING SPACE IN KITCHEN ! HERE ARE SOME MORE AMAZING FEATURES: 25 YEAR DIMENSIONAL ROOF (2019) KITCHEN REMODELED (2020) APPLIANCES (2016) WATER HEATER (2016) LAMINATE & TILE FLOORS THRU-OUT HOME EXCEPT FOR CARPET IN 3 SECONDARY BEDROOMS, SCREENED-IN LANIA, LIVING/DINING ROOM COMBO WITH SEPARATE FAMILY ROOM, INSIDE UTILITY ROOM, HUGH CORNER LOT WITH MATURE LANDSCAPING AND ALL WINDOW TREATMENTS & FANS INCLUDED ! YOUR OWNERS SUITE HAS: WALK-IN HANDICAP ACCESSIBLE DOORS & SHOWER, LAMINATE FLOORS, WALK-IN CLOSET AND IS VERY SPACIOUS ! THIS HOME IS IN A FANTASTIC LOCATION AND CLOSE TO SCHOOLS, SHOPPING, HOSPITAL & RESTUARANTS ! PLEASE CALL YOUR AGENT TODAY TO SCHEDULE A PRIVATE SHOWING !

SEE MORE

MARKET HIGHLIGHTS

  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.

PRICE & RENT TRENDS

Neighborhood: South Ridge of Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: South Ridge of Tampa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781637

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Kingswood Elementary School Primary Regular 608 51 4
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 51
4
GreatSchools Rating

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,007
Property Tax -$369
Property Insurance -$150
HOA -$28
Property Management Fees -$129
CASH FLOW
$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$289,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$22,739

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,710

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,721

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,6954$1,7105$1,850
$1,850
RENT COMPS ANALYSIS
  • 916 Ridge Haven Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.87
    •  
  • 1614 Wakefield Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 1996
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.85
    •  
  • 1202 Tuxford Dr Brandon, FL 2
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 1989
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 1506 Wakefield Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1996
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 1607 Clarit Way Brandon, FL 5
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
Brian Allen
1.813.382.8077
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286090
Last Updated: 01/22/2021
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