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6510 Nestall Ct Apollo Beach, FL 33572

5 Beds 3 Baths 2,667 sqft Built 2014

$449,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $168.35
  • 4 Days on Market
  • MLS # : T3296208
  • Updated Date : 03/20/2021 at 17:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,667 sqft
  • Baths : 3 full
Listing Agent

Re/max All Pros

Listing Agent's Description

WELCOME TO WATERSET - THE HIGHLY SOUGHT AFTER MASTER PLANNED COMMUNITY BY THE AWARD-WINNING NEWLAND COMMUNITIES. Welcome home to this gorgeous, freshly painted WestBay Ibis lll, 5/3/2, on a cul-de-sac street! This home offers a three-way split layout with 4 bedrooms and 2 baths downstairs plus an upstairs bedroom, full bath, and a large bonus room which is great for a media room, playroom, office, gym, or guest space. As you enter this well-appointed home you are greeted with an abundance of natural light that flows through a large casual living space, dining room and kitchen. The kitchen offers a walk-in pantry, upgraded cabinets, upgraded granite countertops, tile backsplash, and a sizable center prep island with seating area. This open concept design flows into a new oversized, enclosed lanai for outdoor enjoyment space with no backyard neighbors!!! The spacious master suite is separated from the other bedrooms and has a private en-suite master bathroom complete with a dual sink vanity, upgraded seamless shower, a private water closet, and a large walk-in closet offering plenty of space and storage. There are three other bedrooms and a full bath on the first floor with a laundry room offering extra cabinetry and is pre-plumbed for a utility sink. This home offers so many extra features such as a whole-house water softener system by Culligan, two custom-built barn doors, custom-built privacy trellis, fully fenced backyard, and smartphone control of both the AC units, under cabinet lighting, and the Chamberlain garage door opener. This spacious and beautiful home offers resort-style living in the beautiful community of Waterset with all the amenities anyone could imagine including two clubhouses, multiple pools, water slides, splash pad, amphitheater, numerous playgrounds, dog parks, two gyms, tennis, basketball, pickleball, and volleyball courts, game room, an on-site cafe, abundant community events, and miles of walking/biking trails! Waterset is conveniently located just minutes from I75, with major highways, shopping, and restaurants. This is the perfect house to call home! Don't delay!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,560
Property Tax -$600
Property Insurance -$192
HOA -$7
Property Management Fees -$129
CASH FLOW
-$77

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.

$449,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.54%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$25,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,434

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,999
1$1,9992$2,2503$2,4104$2,4405$2,600
$2,600
RENT COMPS ANALYSIS
  • 6510 Nestall Ct Apollo Beach, FL 3
    • 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,667 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.90
    •  
  • 6720 Guilford Crest Dr Apollo Beach, FL 1
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2006
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.79
    •  
  • 6459 Clair Shore Dr Apollo Beach, FL 2
    • 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 4
    • 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
    •  
  • 7202 Hourglass Dr Apollo Beach, FL 5
    • 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,613 Sqft ∙ Built 2017
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.00
    •  
PROPERTY LISTING DETAILS
Melanie Norris
1.813.399.6420
Re/max All Pros
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296208
Last Updated: 03/20/2021
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