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10747 Collar Dr San Antonio, FL 33576

3 Beds 2 Baths 1,762 sqft Built 2000

$245,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $139.05
  • 3 Days on Market
  • MLS # : T3289880
  • Updated Date : 02/12/2021 at 14:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,762 sqft
  • Baths : 2 full
Listing Agent

Elite Brokers, Llc

Listing Agent's Description

Join the many that benefit from the amenities of the Tampa Bay Golf and Country Club. 2, YES, 2 Golf courses, A large resort style swimming pool, Pickleball, bocce, shuffleboard, yoga, water aerobics, oil painting, acrylic painting, various card and tile games, scrapbooking, quilting, jazzercise, line dancing, billiards.....in a newly renovated Clubhouse and outside patio. This 3 bedroom, 2 bath home will offer you the luxury of resort style living, little maintenance and many enjoyable years to come. The house sits just a short distance away from the club house, with a large enclosed screen room with upgrades screen and windows for all seasons. Entering into the home you have an open layout with a large great room, which leads out to the patio and dining area to the right. The kitchen is centered for entertaining, with a stone backsplash and newer microwave and dishwasher. Master bedroom and bathroom are both generous with lots of space. A tray ceiling in the master bedroom gives that designer touch and plenty of light from the outside comes in. The en suite bath offers 2 walk in closets, expansive bathroom with sunken tub. The shower with built in sitting bench and the tub were designed with stone tile and decorative details. Second bedroom is facing east and gets nice light and decorated with a Tiffany style light. Third bedroom was used for an office, and has French doors for privacy. The garage has extra cabinets, newer water heater. Lots of space for a second car or a golf cart. This 55+ community offers so much to the owners you don't want to miss out on viewing this home. There is a one time fee of $2500 for social membership due at closing.

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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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$851
Property Tax -$262
Property Insurance -$139
HOA -$92
Property Management Fees -$129
CASH FLOW
$178

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.

$245,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.67%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

9.75

YEARS SAVED

$34,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,827

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6503$1,6504$1,895
$1,895
RENT COMPS ANALYSIS
  • 10747 Collar Dr San Antonio, FL 3
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 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
    •  
  • 8822 Mckendree Rd Wesley Chapel, FL 4
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 1999
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.28
    •  
PROPERTY LISTING DETAILS
Sue Pearson
1.813.312.6095
Elite Brokers, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289880
Last Updated: 02/12/2021
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