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7402 Alvina St Tampa, FL 33625

4 Beds 2 Baths 1,562 sqft Built 2009

$329,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $210.63
  • 5 Days on Market
  • MLS # : T3276725
  • Updated Date : 11/20/2020 at 09:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,562 sqft
  • Baths : 2 full
Listing Agent

Homeward Real Estate

Listing Agent's Description

Check out this totally move-in ready, beautifully updated 4 Bed/2 Bath home built in 2009, with no HOA or CDD required. This spectacular home was completely remodeled in 2019 and shows like a new build, with all the amenities that today's buyers expect, including cathedral ceilings and an open concept living space. Rooms are spacious, there is abundant natural light and there is plenty of storage. Upgrades include white shaker kitchen cabinets with quartz countertops and stainless appliances. Both bathrooms have been fully remodeled with new tile work, vanities and fixtures. There is new luxury vinyl plank flooring throughout, newer paint, and upgraded lighting fixtures. Buy with confidence, as this worry-free home's HVAC system and water heater were new in 2018 and the roof is 2009. The well and septic systems were serviced in 2019 (public water is available and there is a new water filtration system). Enjoy comfortable evenings with friends and family in your spacious fenced back yard and custom covered gazebo, perfect for entertaining. This beauty is ideally located near Citrus Park Mall, Suncoast Parkway, local schools and lots of outdoor recreation and amenities. Competitively priced, this show-stopper will certainly not last long, so schedule your private showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Citrus Park Community

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Citrus Park Community

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052083

* 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
Citrus Park Elementary School Primary Regular 590 52 8
Smith Middle School Middle Regular 854 53 6
Sickles High School High Regular 2,135 110 7

Citrus Park Elementary School

  • Education Level: Primary
  • # of students: 590
  • # of teachers: 52
8
GreatSchools Rating

Smith Middle School

  • Education Level: Middle
  • # of students: 854
  • # of teachers: 53
6
GreatSchools Rating

Sickles High School

  • Education Level: High
  • # of students: 2,135
  • # of teachers: 110
7
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,214
Property Tax -$409
Property Insurance -$126
Property Management Fees -$80
CASH FLOW
-$99

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.

$329,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.4%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$19,212

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7304$1,7955$1,850
$1,850
RENT COMPS ANALYSIS
  • 7402 Alvina St Tampa, FL 3
    • 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.11
    •  
  • 14003 Pomelo Pl Tampa, FL 1
    • 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,375 Sqft ∙ Built 1994
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.16
    •  
  • 14823 Redcliff Dr Tampa, FL 2
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 2000
    property image
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.13
    •  
  • 5611 Brookdale Way Tampa, FL 4
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 1998
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.18
    •  
  • 14017 Pomelo Pl Tampa, FL 5
    • 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,608 Sqft ∙ Built 1994
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.15
    •  
PROPERTY LISTING DETAILS
James Cosentino
1.813.785.9878
Homeward Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276725
Last Updated: 11/20/2020
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