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326 Star Shell Dr Apollo Beach, FL 33572

4 Beds 3 Baths 2,449 sqft Built 2014

INVESTimate

$350,000

List Price

$2,010

$1,809 - $2,211

Rent Est.

$365,750  ( +4.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $142.92
  • 7 Days on Market
  • MLS # : T3260424
  • Updated Date : 08/21/2020 at 11:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,449 sqft
  • Baths : 3 full
Listing Agent

Align Right Realty Riverview

Listing Agent's Description

OPEN FLOOR PLAN! Are you looking for that move in ready 4 bedroom 3 full bath home with a 3-car garage? Schedule your tour of this very well maintained home which includes many upgrades. Tile is throughout the living area, laminate flooring in 3 of the bedrooms, and Corian countertops in the bathrooms. The open kitchen boats stainless steel kitchen appliances that are only 1-year old; granite countertops, wood cabinets and includes a wine fridge! Additional upgrades include water heater and water softner included; instant hot with reverse osmosis system included, fans throughout all the rooms. The Master Bedroom is large with 2 walk in closets, shower and garden tub for your relaxation. As you step outdoors, you will enjoy the screened lanai with built in kitchen which includes a grill, fridge, sink and electric! The background is large enough to build a pool and is fenced for side privacy. The oversized lot has a pond and no back yard neighbors. No flood insurance required. Pack your bags- this house is ready for you to call your HOME.

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Apollo Beach

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k369k

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

Neighborhood: Apollo Beach

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052109

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,291
Property Tax -$523
Property Insurance -$179
HOA -$9
Property Management Fees -$80
CASH FLOW
-$72

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.

$350,000

PROJECTED PRICE

$2,010

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.50%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$22,166

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,861

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8253$1,9504$2,0105$2,150
$2,150
RENT COMPS ANALYSIS
  • 326 Star Shell Dr Apollo Beach, 4
    • 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.82
    •  
  • 1910 Redmond Brook Ln Ruskin, 1
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.69
    •  
  • 1909 Redmond Brook Ln Ruskin, 2
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.78
    •  
  • 1918 Broad Winged Hawk Dr Ruskin, 3
    • 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2018
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 307 Star Shell Dr Apollo Beach, 5
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 2012
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.81
    •  
PROPERTY LISTING DETAILS
Lisa Tackus
1.813.310.2333
Align Right Realty Riverview
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260424
Last Updated: 08/21/2020
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