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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Apollo Beach
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
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
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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
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- $1,990
- $1.00
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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
1.813.857.8592
Frank Albert Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3285967
Last Updated: 01/22/2021
