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10001 Alsobrook Ave Riverview, FL 33578

3 Beds 1 Baths 1,175 sqft Built 1963

$255,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $217.02
  • 3 Days on Market
  • MLS # : A4485237
  • Updated Date : 12/04/2020 at 14:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,175 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty Select

Listing Agent's Description

Amazing opportunity in the heart of Riverview to own a cute block home with acreage and NO CDD or HOA! Perfect for your small business equipment, RV storage, or auto enthusiast. The corner lot 3-bedroom, 1-bath home is situated on ¾ acres within close proximity to HWY 301. This lovely home features an open spaced living/dining/kitchen combo. The completely renovated kitchen has new black stainless-steel appliances, over-sized single bowl SILGRANIT sink, and tasteful bronze hardware on the cabinetry and faucet. The large kitchen island with black walnut butcher block surface is perfect for entertaining or meal prep. The laundry room is inside with practical features for better use of space. Outside the laundry room is a quaint drop station as you enter the back door to the home. There is ceramic tile throughout the entire home which is perfect for your furry family members. Updated lighting, baseboards, and ceiling fans throughout to name a few more extras. The 3-bedrrooms are tucked away on one end of the home with the bathroom conveniently placed in the same area. The home faces northwest which allows for lots of natural light to enter the home throughout the day. The interior and exterior have been painted a neutral palette that will accommodate most trending designs. Do not miss the large block workshop and storage behind the home—A CRAFTSMAN'S DREAM. There is a large, screened room in the rear that is perfect for summertime entertaining. The yard is fully fenced and has an RV connection for both electric and plumbing. No flood insurance required. Easy commute to Tampa or Brandon and located close to schools, shopping, medical facilities, I75, and more. You will feel like you are in the country yet remarkably close to everything. This wonderful property is a rare find in today's market at this price. THE POSSIBILITIES ARE ENDLESS so schedule your showing today!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33578

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $85k268k

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

Zip Code: 33578

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781726

* 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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$941
Property Tax -$351
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
-$85

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.

$255,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,982

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $1,445

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,440
$1,440
RENT COMPS ANALYSIS
  • 10001 Alsobrook Ave Riverview, FL 2
    • 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1963 3 beds 1 baths ∙ 1,175 Sqft ∙ Built 1963
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $1.23
    •  
  • 11112 Stafford Ln Riverview, FL 1
    • 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,053 Sqft ∙ Built 1974
    property image
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.23
    •  
PROPERTY LISTING DETAILS
Carlos Santana Pa
1.941.877.1615
Keller Williams Realty Select
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4485237
Last Updated: 12/04/2020
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