Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5418 Hammock View Ln Apollo Beach, FL 33572

3 Beds 2 Baths 1,902 sqft Built 2007

$249,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $130.91
  • 2 Days on Market
  • MLS # : T3282143
  • Updated Date : 12/27/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,902 sqft
  • Baths : 2 full
Listing Agent

The Property Pros Real Estate

Listing Agent's Description

This home is a MUST SEE! This 3 bedroom/2 bath home has been meticulously maintained and it shows! Home is equipped with thermal pane windows and features an open floor plan with BRAND NEW FLOORING installed in 2020. When you walk in you will notice the 10’ ceilings and 8’ doors along with crown molding. Continue on into the kitchen where you will find Zodiaq QUARTZ countertops, stainless steel appliances and an island made for the whole family. The spacious master suite is located opposite of the other two (2) bedrooms and features a walk in closet, jetted tub, stand up shower and duel sinks. Your other two (2) bedrooms have BRAND NEW CARPET and are separated by your second bathroom. Home situated on dead-end street/cul da sac for privacy. Community features community pool and exercise facility, hiking paths and park, fishing lakes, spacious lot sizes, pool/rv storage available for only $30/month! New gutters have been added to home exterior. NEW A/C & sprinkler system in 2020. Schedule your showing today, this one won’t last long! 3D VIRTUAL TOUR: https://my.matterport.com/show/?m=YpcGgXHLRCw&brand=0

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: 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
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$919
Property Tax -$510
Property Insurance -$147
HOA -$8
Property Management Fees -$129
CASH FLOW
-$102

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.

$249,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.5%
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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,075

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,626

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6103$1,7004$1,7355$1,800
$1,800
RENT COMPS ANALYSIS
  • 5418 Hammock View Ln Apollo Beach, FL 2
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.85
    •  
  • 338 Star Shell Dr Apollo Beach, FL 1
    • 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2009
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 163 Star Shell Dr Apollo Beach, FL 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2012
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 132 Star Shell Dr Apollo Beach, FL 4
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2012 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2012
    LEASED 04/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.87
    •  
  • 5407 Hammock View Ln Apollo Beach, FL 5
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2007
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Jenifer Fernandez
1.407.499.2991
The Property Pros Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282143
Last Updated: 12/27/2020
BESbswy