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6626 Cambridge Park Dr Apollo Beach, FL 33572

3 Beds 2 Baths 1,716 sqft Built 2005

$275,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $160.26
  • 3 Days on Market
  • MLS # : T3279106
  • Updated Date : 12/05/2020 at 04:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,716 sqft
  • Baths : 2 full
Listing Agent

Century 21 Affiliated

Listing Agent's Description

Just what you have been waiting for! Beautiful pool home located in the Covington Neighborhood. This home has it all when you step inside you'll notice the beautiful Bamboo wood floors. The home features a large dining room area, off of the kitchen. The kitchen is a cooks delight with lots of counter space and open to the living room. The home has a gorgeous master bedroom off of the living room with sliders to the outdoor covered lanai. The master bath has full walk in closet with tub and shower, dual sinks that are copper. The home is a split bedroom plan with the additional two bedrooms and guest bath. A large laundry room leading out to the garage. Step out back and see the beautiful covered lanai with screened in pool. You have no backyard neighbors in this home and did I mention that the owner keeps the property in squeaky clean condition.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,015
Property Tax -$413
Property Insurance -$136
HOA -$10
Property Management Fees -$129
CASH FLOW
-$63

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.

$275,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.60%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$17,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,647

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5754$1,6405$1,650
$1,650
RENT COMPS ANALYSIS
  • 6626 Cambridge Park Dr Apollo Beach, FL 4
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.96
    •  
  • 6705 Cambridge Park Dr Apollo Beach, FL 1
    • 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,691 Sqft ∙ Built 2005
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 7510 Surrey Pines Dr Apollo Beach, FL 2
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2005
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.95
    •  
  • 7610 Hampshire Garden Pl Apollo Beach, FL 3
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2001
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.03
    •  
  • 6818 Cambridge Park Dr Apollo Beach, FL 5
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2005
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
PROPERTY LISTING DETAILS
Anita Christian
1.813.404.0112
Century 21 Affiliated
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279106
Last Updated: 12/05/2020
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