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8006 Alpine Ave Tampa, FL 33619

3 Beds 2 Baths 1,054 sqft Built 1961

$199,900

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

January 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1961
  • Price/Sqft : $189.66
  • 7 Days on Market
  • MLS # : T3284452
  • Updated Date : 01/12/2021 at 23:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,054 sqft
  • Baths : 1 full , 1 half
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

Beautiful home with many updates, new paint new flooring new ac new new bathrooms, granite counter tops large back screened in porch

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: East Lake - Orient Park

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: East Lake - Orient Park

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
Kenly Elementary School Primary Regular 528 51 2
Mann Middle School Middle Regular 1,096 68 3
Blake High School High Magnet 1,709 103 4

Kenly Elementary School

  • Education Level: Primary
  • # of students: 528
  • # of teachers: 51
2
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Blake High School

  • Education Level: High
  • # of students: 1,709
  • # of teachers: 103
4
GreatSchools Rating
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$694
Property Tax -$246
Property Insurance -$97
Property Management Fees -$129
CASH FLOW
-$26

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.

$199,900

PROJECTED PRICE

$1,140

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 12.1%
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$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

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$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$11,387

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,162

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,140
1$1,1402$1,1503$1,1754$1,2995$1,350
$1,350
RENT COMPS ANALYSIS
  • 8006 Alpine Ave Tampa, FL 1
    • 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,054 Sqft ∙ Built 1961
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $1.08
    •  
  • 3814 Argon Dr Tampa, FL 2
    • 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1964 3 beds 1 baths ∙ 1,100 Sqft ∙ Built 1964
    property image
    LEASED 08/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.05
    •  
  • 3015 Gordon Ct Tampa, FL 3
    • 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958 3 beds 1 baths ∙ 1,080 Sqft ∙ Built 1958
    property image
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.09
    •  
  • 3808 Beechwood Blvd Tampa, FL 4
    • 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,144 Sqft ∙ Built 1962
    property image
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.14
    •  
  • 3704 Meadowbreeze Dr Tampa, FL 5
    • 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,196 Sqft ∙ Built 1979
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.13
    •  
PROPERTY LISTING DETAILS
Gerard Diener
1.813.966.4936
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284452
Last Updated: 01/12/2021
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