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6218 Sea Amber Ln Apollo Beach, FL 33572

4 Beds 3 Baths 2,078 sqft Built 2020

$323,500

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $155.68
  • 5 Days on Market
  • MLS # : O5903654
  • Updated Date : 11/11/2020 at 14:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,078 sqft
  • Baths : 2 full , 1 half
Listing Agent

Park Square Realty

Listing Agent's Description

Under Construction. Don't miss out on this rare opportunity to own a 4 bedroom 2.5 bath home with loft under $325,000 in beautiful Waterset! Just around the corner from the Waterset Club which includes 2 pools, gym, basketball, pickleball, sand volleyball, and playground just to name a few of the incredible amenities offered at this community. The Sorrento floorplan is a unique floorplan with master on the 1st floor and 3 beds and loft on the 2nd floor. Bright white kitchen with sparkling quartz countertops and wood look tile make this a dream home.

SEE MORE

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
 

$291,150$355,850$323,500

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,194
Property Tax -$432
Property Insurance -$157
HOA -$7
Property Management Fees -$80
CASH FLOW
$250

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$323,500

PROJECTED PRICE

$2,120

PROJECTED RENT

0.66%

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) 3.00%
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$20k

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$87,728

INVESTMENT

$87,728

Down Payment
$80,875
Rehab Estimate
$2,000
Closing Costs
$4,853

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,194

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,875
Loan Amount $242,625
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$63,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,125

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1204$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 6218 Sea Amber Ln Apollo Beach, FL 3
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.02
    •  
  • 6320 Sunsail Pl Apollo Beach, FL 1
    • 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
    •  
  • 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
    •  
  • 6216 Colmar Pl Apollo Beach, FL 4
    • 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
    •  
  • 7212 Paradiso Dr Apollo Beach, FL 5
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2018
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Kelly Thomas
1.407.529.3108
Park Square Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903654
Last Updated: 11/11/2020
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