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

4217 E Alene Dr Tampa, FL 33617

3 Beds 2 Baths 1,719 sqft Built 1985

$260,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $151.77
  • 4 Days on Market
  • MLS # : W7829506
  • Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,719 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Wonderful 3 bedroom, 2 bathroom, 2 car garage, single story home in Tampa. Upon arriving at this home, you are welcomed into a foyer that leads to a spacious dinning room/ living room/ kitchen combo. The kitchen is equipped with a closet pantry, ample cabinet and counter space, and a breakfast bar. Overlooking the kitchen is the living room with wet bar, laminate floors, ceiling fan and French doors to the sunroom. The primary bedroom features laminate floors, 2 large walk-in closets, double French doors for private access to the lanai, and an en suite bathroom with sink plus make-up vanity, and an updated tiled walk-in shower. Outside, you can relax and enjoy the view from the sunroom or open paver patio. Located in Tampa, this home is convenient to shops, restaurants, and I-75 for an easy commute to Beaches and surrounding areas.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Temple Crest

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Temple Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391613

* 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
Kimbell Elementary School Primary Regular 542 52 1
Sligh Middle School Middle Magnet 588 52 2
Wharton High School High Regular 2,261 128 4

Kimbell Elementary School

  • Education Level: Primary
  • # of students: 542
  • # of teachers: 52
1
GreatSchools Rating

Sligh Middle School

  • Education Level: Middle
  • # of students: 588
  • # of teachers: 52
2
GreatSchools Rating

Wharton High School

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

$234,810$286,990$260,900

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 -$963
Property Tax -$314
Property Insurance -$136
Property Management Fees -$129
CASH FLOW
$39

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.

$260,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 14.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,889

INVESTMENT

$74,889

Down Payment
$65,225
Rehab Estimate
$5,750
Closing Costs
$3,914

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$963

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,225
Loan Amount $195,675
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$25,470

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
  • $0.92

    LIST RENT PER SQFT
  • $1,629

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5253$1,5804$1,6505$1,850
$1,850
RENT COMPS ANALYSIS
  • 4217 E Alene Dr Tampa, FL 3
    • 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.92
    •  
  • 4130 E Okara Rd Temple Terrace, FL 1
    • 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,582 Sqft ∙ Built 1974
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 3720 E Idlewild Ave Tampa, FL 2
    • 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,519 Sqft ∙ Built 1965
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.00
    •  
  • 9301 N 27th St Tampa, FL 4
    • 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,692 Sqft ∙ Built 1981
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 104 Druid Hills Rd Temple Terrace, FL 5
    • 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,981 Sqft ∙ Built 1971
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.93
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829506
Last Updated: 01/01/2021
BESbswy