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10429 Isleworth Ave Tampa, FL 33647

3 Beds 2 Baths 1,480 sqft Built 2001

$269,500

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $182.09
  • 2 Days on Market
  • MLS # : T3295472
  • Updated Date : 03/13/2021 at 14:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,480 sqft
  • Baths : 2 full
Listing Agent

Lombardo Team Real Estate Llc

Listing Agent's Description

Check out this move in ready 3 bedroom, 2 bathroom home in Heritage Isles, a gated community. The home features a 2 car garage and spacious screened in Lanai. You will love the outside space facing the golf course, it is private and peaceful. The kitchen and bathrooms have been upgraded with granite counter tops and white finished cabinets. The home has vaulted ceilings and tons of natural sun light. Don't miss this beautiful home!

SEE MORE

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: Heritage Isles

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k353k

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

Neighborhood: Heritage Isles

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Heritage Elementary School Primary Regular 657 51 4
Benito Middle School Middle Regular 1,053 63 7
Wharton High School High Regular 2,261 128 4

Heritage Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 51
4
GreatSchools Rating

Benito Middle School

  • Education Level: Middle
  • # of students: 1,053
  • # of teachers: 63
7
GreatSchools Rating

Wharton High School

  • Education Level: High
  • # of students: 2,261
  • # of teachers: 128
4
GreatSchools Rating
 

$242,550$296,450$269,500

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$936
Property Tax -$455
Property Insurance -$122
HOA -$3
Property Management Fees -$129
CASH FLOW
-$135

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.

$269,500

PROJECTED PRICE

$1,510

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,168

INVESTMENT

$77,168

Down Payment
$67,375
Rehab Estimate
$5,750
Closing Costs
$4,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$936

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,375
Loan Amount $202,125
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$8,332

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5103$1,5454$1,5505$1,650
$1,650
RENT COMPS ANALYSIS
  • 10429 Isleworth Ave Tampa, FL 2
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.02
    •  
  • 18129 Lembrecht Way Tampa, FL 1
    • 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,509 Sqft ∙ Built 2002
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 18009 Birdwater Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,499 Sqft ∙ Built 2002
    property image
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
  • 18104 Canal Pointe St Tampa, FL 4
    • 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2000
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
  • 18220 Portside St Tampa, FL 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 2004
    property image
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.00
    •  
PROPERTY LISTING DETAILS
Julia Lombardo
1.813.858.4964
Lombardo Team Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295472
Last Updated: 03/13/2021
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