Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

719 Isleton Dr Brandon, FL 33511

3 Beds 2 Baths 1,700 sqft Built 1982

$280,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $164.71
  • 3 Days on Market
  • MLS # : T3292657
  • Updated Date : 02/27/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,700 sqft
  • Baths : 2 full
Listing Agent

Principal Eagle Realty Inc.

Listing Agent's Description

Come see this beautiful 3 bedroom, 2 bathroom, 2 car garage home with a huge backyard. This house is in a great neighborhood and close proximity to everything you need for shipping, restaurants and recreational activities. Home has been kept well and up to date, move in ready. Open house this Sunday, 2/28/21 from 11am to 5pm. Come take a look at this house in a awesome neighborhood. REALTORS PLEASE SEE REMARKS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale

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
Cimino Elementary School Primary Regular 839 66 7
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Cimino Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 66
7
GreatSchools Rating

Burns Middle School

  • Education Level: Middle
  • # of students: 1,255
  • # of teachers: 75
7
GreatSchools Rating

Bloomingdale High School

  • Education Level: High
  • # of students: 2,191
  • # of teachers: 118
6
GreatSchools Rating
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$973
Property Tax -$356
Property Insurance -$135
Property Management Fees -$129
CASH FLOW
-$13

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.

$280,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$19,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,645

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6353$1,6994$1,7355$1,775
$1,775
RENT COMPS ANALYSIS
  • 719 Isleton Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.93
    •  
  • 718 Fortuna Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1983
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $0.97
    •  
  • 607 Fieldstone Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1984
    property image
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.01
    •  
  • 4116 Canoga Park Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.92
    •  
  • 612 Hidden Lake Dr Brandon, FL 5
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1979
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.97
    •  
PROPERTY LISTING DETAILS
Rahat Ahmed
1.727.455.2506
Principal Eagle Realty Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292657
Last Updated: 02/27/2021
BESbswy