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6106 Colmar Pl Apollo Beach, FL 33572

4 Beds 4 Baths 2,319 sqft Built 2018

$375,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $161.71
  • 3 Days on Market
  • MLS # : T3295383
  • Updated Date : 03/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,319 sqft
  • Baths : 3 full , 1 half
Listing Agent

Yellowfin Realty

Listing Agent's Description

This stunning 4-bedroom, 3.5-bathroom home is located in the popular community of Waterset, where you will never run out of things to do. This light and bright home will give you 2,300+ sq ft of generous living space. The kitchen is the heart of this home and opens to the family room, dining room and lanai. The spacious kitchen features an enormous 12ft island and offers 42 inch maple espresso cabinets with crown molding, granite countertops, stainless steel appliances, gas range and closet pantry. The private master suite is a place you will love to unwind after a long day! The en-suite master bathroom has dual sinks with beautiful Quartz countertops, a large walk-in shower, and a spacious walk-in closet. The 2nd and 3rd bedrooms share the 2nd bathroom that has dual sinks with Quartz countertops and undermount sinks. The 4th bedroom has a private attached full bathroom that is perfect for visiting guests. The loft is the perfect area for a home office or a kids retreat where they can play games or watch movies. Enjoy your evening relaxing on the covered lanai. There is also an extended paver patio that a perfect place to grill. The backyard is fully fenced and has plenty of room for kids and pets to run. Waterset is one of Tampa Bay' premier master-planned communities with a park-like setting and beautiful nature views. The community’s resort-style amenities include 2 clubhouses, 3 swimming pools, 2 water slides, a splash park, dog parks, trails, 2 gyms, tennis courts, pickleball courts, basketball courts, an onsite cafe, and a host of community events. Conveniently located giving you easy access to local shopping, restaurants, schools and medical facilities. Easy commute to Downtown, MacDill AFB and the airport. Call today to schedule your viewing, you don’t want to miss it!

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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
Doby Elementary School Primary Regular 808 65 6
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Doby Elementary School

  • Education Level: Primary
  • # of students: 808
  • # of teachers: 65
6
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,303
Property Tax -$525
Property Insurance -$171
HOA -$7
Property Management Fees -$129
CASH FLOW
$45

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.

$375,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.58%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$31,364

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,162

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1804$2,2505$2,440
$2,440
RENT COMPS ANALYSIS
  • 6106 Colmar Pl Apollo Beach, FL 3
    • 4 beds 4 baths ∙ 2,319 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,319 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.94
    •  
  • 6132 Colmar Pl Apollo Beach, FL 1
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 2018
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 6324 Sunsail Pl Apollo Beach, FL 2
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2017
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 6459 Clair Shore Dr Apollo Beach, FL 4
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2003
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 6325 Sunsail Pl Apollo Beach, FL 5
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2017
    property image
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.95
    •  
PROPERTY LISTING DETAILS
Andrew Schmitt
1.813.857.1543
Yellowfin Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295383
Last Updated: 03/13/2021
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