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

758 Isleton Dr Brandon, FL 33511

4 Beds 2 Baths 2,000 sqft Built 1982

$250,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $125.00
  • 2 Days on Market
  • MLS # : T3274798
  • Updated Date : 11/07/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

IT'S NOT JUST THE HOME; IT'S THE NEIGHBORHOOD! For $250,000 you can own a 4-bedroom, 2-bath pool home with a fenced yard in a community boasting great schools, parks, playgrounds, shops, restaurants, day care, the YMCA, Bloomingdale Golfers Club and more. The Bloomingdale West recreation center is so close you can see the tennis courts from your front yard! Meanwhile, you also get the private enjoyment of a pool surrounded by a spacious deck on a tree-shaded, wood-fenced lot of nearly a quarter-acre. Inside 2,000 square feet, you'll find formal living and dining rooms, a kitchen with casual dining space, and a large family room with stone fireplace overlooking the pool. The 4 bedrooms are arranged in a 3-way split, and the back bedroom is even a bit bigger than the master. If this all sounds like your kind of lifestyle, don't wait to arrange your visit!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$922
Property Tax -$318
Property Insurance -$153
Property Management Fees -$80
CASH FLOW
$177

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.

$250,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.66%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$41,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6494$1,6505$1,735
$1,735
RENT COMPS ANALYSIS
  • 758 Isleton Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1982 4 beds 2 baths ∙ 2,000 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 4005 Orangefield Pl Valrico, FL 1
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 606 Sandy Creek Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1983
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 603 Ephrata Dr Brandon, FL 3
    • 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 1983
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.83
    •  
  • 4116 Canoga Park Dr Brandon, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ann Marie Vaughan
1.813.748.4536
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274798
Last Updated: 11/07/2020
BESbswy