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9905 Branford Ct 
Riverview, FL
33578
4 Beds 3 Baths 2,668 sqft
Built 1998
INVESTimate
$375,000
List Price
$105,125
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PROPERTY INFO
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.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake St. Charles
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
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
| 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
INVESTMENT
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
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
-
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
1.813.442.0530
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261036
Last Updated: 08/25/2020
