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6107 Colmar Pl Apollo Beach, FL 33572

4 Beds 2 Baths 2,095 sqft Built 2018

$359,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 09, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $171.36
  • 7 Days on Market
  • MLS # : T3275188
  • Updated Date : 11/10/2020 at 15:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,095 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Beautiful craftsman style 4 bedrooms 2 bathrooms 2 car garage home in Apollo Beach’s most desirable lifestyle community. Homes by WestBay’s top-selling Sandpiper floorplan is nestled on a quiet street with picturesque landscaping and a paved driveway. This well cared for home features a delightfully appointed kitchen with GE stainless steel appliances, 5 burner gas stove, Timberlake cabinets, quartz countertops, and glass backsplash. The cabinets feature pull out shelves for maximum organization and brushed nickel hardware. Upon entering, the gracious foyer boast 11’4” ceilings and arched hallways give access to the spacious first and second bedrooms in the front of the home. Further, the foyer opens to the heart of the home with its island kitchen overlooking the semi-formal dining and grand room. Secluded off the grand room is the luxurious owner’s retreat with oversized double walk-in closets featuring wood ventilated shelving. The upgraded shelving continues throughout the home as well as staggered wood-look porcelain tile throughout. The master bedroom hosts a spacious en suite with split vanities, a walk-in shower, and a separate water closet. This home features surround sound and home theatre prewires, Moen water fixtures, and so much more. Homeowners in Waterset have access to all that the master-planned community offers including 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.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$323,100$394,900$359,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,325
Property Tax -$538
Property Insurance -$158
HOA -$7
Property Management Fees -$80
CASH FLOW
$43

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.

$359,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.60%

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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,885

INVESTMENT

$100,885

Down Payment
$89,750
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,750
Loan Amount $269,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$35,660

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,147

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$1,9953$2,1504$2,2755$2,300
$2,300
RENT COMPS ANALYSIS
  • 6107 Colmar Pl Apollo Beach, FL 3
    • 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,095 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.03
    •  
  • 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
    •  
  • 6320 Sunsail Pl Apollo Beach, FL 2
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2017
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 6206 Colmar Pl Apollo Beach, FL 4
    • 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,101 Sqft ∙ Built 2018
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $1.08
    •  
  • 6216 Colmar Pl Apollo Beach, FL 5
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 2018
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.10
    •  
PROPERTY LISTING DETAILS
Ashley Smith
1.813.368.6947
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275188
Last Updated: 11/10/2020
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