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10520 Collar Dr San Antonio, FL 33576

3 Beds 2 Baths 2,046 sqft Built 2001

$324,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $158.80
  • 6 Days on Market
  • MLS # : U8111147
  • Updated Date : 01/26/2021 at 19:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,046 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

This beautiful 3+2 home is a buyers dream and it's immaculate and situated on a sought after conservation lot. It looks brand new with new plank flooring in living and dining area. Large kitchen with new glass top stove and stainless steel refrigerator. Master bedroom is secluded with 2 walk-in closets, a large garden tub, a walk-in shower with a seat. 3rd bedroom has double French doors and could be used as a den. The huge Florida room is 500 square feet of year round living, and not included in the tax records, has all the bells and whistles for all your entertaining and enjoyment. It has brick pavers, built-in stainless steel grill, built in bar with custom made stools, a 2 burner stove, and a built in refrigerator. There are many upgraded features including 2 newer air conditioners, custom window treatments throughout, granite countertops in kitchen and baths, resurfaced kitchen cabinets, energy efficient double paned windows, solar lights, alarm system owned and installed, but not connected, extra large driveway. Tampa Bay is a 55+ very active and friendly community with 2 golf courses, beautiful resort style heated pool, and 1 not heated. Watch the gorgeous sunsets while having dinner at our upscale restaurant or lounge that overlooks the golf course. We have tennis, pickle ball, shuffle board, bingo, a fitness center, a travel club that offers cruises, trips to the theatre, and much more. We have all types of cards and games. It's truly resort style living at its best. New roof 2020!

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: Tampa Bay Golf and Tennis Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k242k

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

Neighborhood: Tampa Bay Golf and Tennis Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8731590

* 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
San Antonio Elementary School Primary Regular 625 48 4
Pasco Middle School Middle Regular 916 67 3
Pasco High School High Regular 1,595 93 4

San Antonio Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 48
4
GreatSchools Rating

Pasco Middle School

  • Education Level: Middle
  • # of students: 916
  • # of teachers: 67
3
GreatSchools Rating

Pasco High School

  • Education Level: High
  • # of students: 1,595
  • # of teachers: 93
4
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,129
Property Tax -$347
Property Insurance -$155
HOA -$242
Property Management Fees -$129
CASH FLOW
-$92

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.

$324,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 9.4%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,080

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,9104$2,395
$2,395
RENT COMPS ANALYSIS
  • 10520 Collar Dr San Antonio, FL 3
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.93
    •  
  • 9936 Cleghorn Dr San Antonio, FL 1
    • 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,772 Sqft ∙ Built 2006
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 10222 Moshie Ln San Antonio, FL 2
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 1998
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 30240 Hedgeway Ln Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,970 Sqft ∙ Built 2002
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.22
    •  
PROPERTY LISTING DETAILS
Robert Mcdugald
1.727.409.3368
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111147
Last Updated: 01/26/2021
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