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6515 Nestall Ct Apollo Beach, FL 33572

4 Beds 2 Baths 1,996 sqft Built 2014

$299,900

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $150.25
  • 3 Days on Market
  • MLS # : T3285967
  • Updated Date : 01/22/2021 at 20:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,996 sqft
  • Baths : 2 full
Listing Agent

Frank Albert Realty

Listing Agent's Description

Come see this move in ready four bedroom, two bath home in Waterset today! The Ibis floorplan by Westbay features a two car garage, split floorplan and open living/dining and large kitchen. As you enter the home you will notice the high ceilings, tile flooring, and extended foyer with arched entryways. Two bedrooms and one bathroom are located in the front of the house. The bathroom features granite countertops, dual sinks and shower/tub combo. A third bedroom is located nearby and tucked away making it a great room for an office or bedroom. Beyond the foyer is the oversized living room, kitchen and dining room. The kitchen features 42 inch espresso cabinets, granite countertops and stainless steel appliances. A large center island separates the kitchen and living room, with extra space for cooking and dining. The spacious living room has been upgraded with crown molding, while the dining area features large windows for natural light to shine through. The master bedroom is located at the rear of the house, and spacious enough for larger furniture (king sized bed!) The master bathroom features dual sinks atop granite countertops and a large stand alone shower with upgraded tile details. The oversized master closet has plenty of space for storage, with room for a dresser or two. The great room opens up to the screened, covered lanai with triple sliding doors. The extended lanai is covered and screened and the perfect spot to relax, have a cup of morning coffee/tea or dine al fresco. The lanai overlooks the lush landscaping of the fully fenced backyard (wrought iron fencing on the sides, with a 6 foot privacy fence in the back). The Waterset community offers ample community features including several community swimming pools, community clubhouse, fitness center, playgrounds and splash pads, fishing pier and walking/jogging trails. This Apollo Beach neighborhood is conveniently located with an easy commute to surrounding cities. (Tampa, St Petersburg, Sarasota). Tucked away from the interstates, it's a prefect retreat from city life, with close proximity to hospitals, shopping and professional sports venues. Local attractions include the manatee viewing center, Apollo Beach and E.G Simmons Park where you can kayak, paddleboard and enjoy nature. This home has been meticulously maintained and move in ready. Make your appointment for a private showing today.

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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,042
Property Tax -$504
Property Insurance -$152
HOA -$7
Property Management Fees -$129
CASH FLOW
$155

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.

$299,900

PROJECTED PRICE

$1,990

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) 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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$36,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,776

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,685
1$1,6852$1,7753$1,8004$1,9165$1,990
$1,990
RENT COMPS ANALYSIS
  • 6515 Nestall Ct Apollo Beach, FL 5
    • 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,996 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.00
    •  
  • 6805 Cambridge Park Dr Apollo Beach, FL 1
    • 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,960 Sqft ∙ Built 2006
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.86
    •  
  • 6721 Cambridge Park Dr Apollo Beach, FL 2
    • 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,103 Sqft ∙ Built 2005
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.84
    •  
  • 7324 Guilford Pine Ln Apollo Beach, FL 3
    • 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,075 Sqft ∙ Built 2006
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 7139 Bowspirit Pl Apollo Beach, FL 4
    • 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,944 Sqft ∙ Built 2018
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,916
    • $0.99
    •  
PROPERTY LISTING DETAILS
Randall Heffernan
1.813.857.8592
Frank Albert Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285967
Last Updated: 01/22/2021
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