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6527 Salt Creek Ave Apollo Beach, FL 33572

4 Beds 3 Baths 2,383 sqft Built 2015

$443,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $185.90
  • 3 Days on Market
  • MLS # : A4492805
  • Updated Date : 02/27/2021 at 01:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,383 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keys Realty Redefined Llc

Listing Agent's Description

Beautiful pool/spa home located in the Waterset Community! This home features a spacious Sandpiper floor plan with 4 bedrooms, 2 full baths and 1 half bath, den/flex room and an open living room with a very spacious kitchen. The kitchen has tall 42”cabinets with S/S appliances. The home has beautiful dark wood laminate floors on the entire first floor and staircase leading to the second-floor master bedroom which runs through to the walk-in closet. The master suite features large master bathroom with dual sinks, shower, jacuzzi tub, and walk-in closet. Bedrooms 2, 3 & 4 are located at the front and side of the home along with a full bath. This home has a newer installed full home water softener with reverse osmosis built into the kitchen counter which also connects with the refrigerator! The exterior and interior of home were freshly painted in 2020 and multiple ceiling shelving units built into the garage. The pool/spa is chlorine with a spacious covered lanai which is fully screened-in and provides privacy panels. This home is equipped with smart technology: 2 Nest thermostats, smart lightning, keyless door entry, camera security system and smart pool control with AquaLink

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
 

$398,700$487,300$443,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,539
Property Tax -$592
Property Insurance -$175
HOA -$7
Property Management Fees -$129
CASH FLOW
-$251

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.

$443,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$123,145

INVESTMENT

$123,145

Down Payment
$110,750
Rehab Estimate
$5,750
Closing Costs
$6,645

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,539

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $110,750
Loan Amount $332,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,063

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,067

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9993$2,1004$2,1905$2,440
$2,440
RENT COMPS ANALYSIS
  • 6527 Salt Creek Ave Apollo Beach, FL 4
    • 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,383 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.92
    •  
  • 6712 Guilford Glen Pl Apollo Beach, FL 1
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2006
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.80
    •  
  • 6720 Guilford Crest Dr Apollo Beach, FL 2
    • 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
    •  
  • 6324 Sunsail Pl Apollo Beach, FL 3
    • 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
    •  
  • 6325 Sunsail Pl Apollo Beach, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Randal Longo
1.305.707.0373
Keys Realty Redefined Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4492805
Last Updated: 02/27/2021
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