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9905 Branford Ct Riverview, FL 33578

4 Beds 3 Baths 2,668 sqft Built 1998

INVESTimate

$375,000

List Price

$2,310

$2,079 - $2,541

Rent Est.

$392,737  ( +4.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 1998
  • Price/Sqft : $140.55
  • 3 Days on Market
  • MLS # : T3261036
  • Updated Date : 08/25/2020 at 13:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,668 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This well maintained unique Pool home, sitting in the center of the cul-desac in Lake St. Charles subdivision features 4 bedrooms, 2 baths with an additional bedroom attached to the master bedroom which makes it very "unique" reasons be this additional room was originally the study/den and previous owners added a closest which in then turned into a bedroom. The common areas of the home features Luxury vinyl plank Laminate flooring through out and tile in the kitchen and bathrooms. The home has a separate formal Dining Room, Family room and Living room. With Split bedrooms making the master-bed room and additional room on the right side of the home and the other 3 bedrooms on the left side of the home it gives the feel of a spacious open floor plan, with an enormous covered back porch and pool deck that is screened lanai overlooking a privacy fenced back yard. New roof completed in September of 2018, New AC and handler installed in January 2020, New microwave installed 2018, New faucet and garage disposal installed, New Fans installed in outside porch, common spaces and bedrooms. New dust till dawn lights installed outside all around the home which brightens the home at night and illuminates beautifully. New wireless Irrigation panel installed outside as well, New digital Lennox thermostats. Entire home was painted in 2018. Lake St. Charles offers a community pool, basketball and tennis courts and a park in addition to paved walking trails. Located on the Brandon-Riverview border so easy access to the Crosstown Expressway and I-75.

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Lake St. Charles

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $85k312k

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

Neighborhood: Lake St. Charles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781809

* 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
Riverview Elementary School Primary Regular 622 54 5
Giunta Middle School Middle Regular 951 61 1
Spoto High School High Regular 1,449 88 3

Riverview Elementary School

  • Education Level: Primary
  • # of students: 622
  • # of teachers: 54
5
GreatSchools Rating

Giunta Middle School

  • Education Level: Middle
  • # of students: 951
  • # of teachers: 61
1
GreatSchools Rating

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,079$2,541$2,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,310
EXPENSES Loan Payment -$1,384
Property Tax -$612
Property Insurance -$192
HOA -$10
Property Management Fees -$80
CASH FLOW
$33

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.

$375,000

PROJECTED PRICE

$2,310

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 4.73%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$33,474

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,310

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,945
1$1,9452$1,9753$2,1954$2,3105$2,600
$2,600
RENT COMPS ANALYSIS
  • 9905 Branford Ct Riverview, 4
    • 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,668 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,310
    • $0.87
    •  
  • 7556 Forest Mere Dr Riverview, 1
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2012
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.78
    •  
  • 7226 Bucks Ford Dr Riverview, 2
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2004
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 7108 Harvest Glen Ln Riverview, 3
    • 5 beds 3 baths ∙ 2,757 Sqft ∙ Built 2010 5 beds 3 baths ∙ 2,757 Sqft ∙ Built 2010
    LEASED 04/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.80
    •  
  • 8814 Deep Maple Dr Riverview, 5
    • 4 beds 4 baths ∙ 2,941 Sqft ∙ Built 2013 4 beds 4 baths ∙ 2,941 Sqft ∙ Built 2013
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
Cari Guzman
1.813.442.0530
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261036
Last Updated: 08/25/2020
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