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6709 Guilford Glen Pl Apollo Beach, FL 33572

4 Beds 2 Baths 2,132 sqft Built 2005

$309,500

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $145.17
  • 6 Days on Market
  • MLS # : T3291505
  • Updated Date : 02/23/2021 at 17:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,132 sqft
  • Baths : 2 full
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

This home is in a GREAT LOCATION on a PREMIUM POND LOT! 4 bedrooms (or 3 plus Office/den) 2 baths under a NEW ROOF (12/2019), Newer HVAC (6/2018), brand new dishwasher, microwave, sink and faucet. There is tile throughout the home, easily kept clean with the Central Vacuum System. Your kitchen is open to the family room, and has a breakfast bar, spacious breakfast nook, 42" upper cabinets for plenty of storage, and stainless steel appliances including a gas range. Your breakfast nook is on one end of the kitchen with sliders to the lanai, and your formal dining room is on the other end. The Master Bath has dual sinks, a separate shower and garden tub, and his and hers walk-in closets. The garage was upgraded to be 4 feet deeper, and has sturdy storage shelving and a workbench. You will enjoy the quiet cul-de-sac street and the peaceful water views while sitting on your lanai. The backyard has plenty of room to add a pool if you should desire a private one but if not, the community has pools, a clubhouse, fitness room, sport courts and fields, playgrounds, and parks. Covington Park is open to the community of Waterset so that you can enjoy their walking/jogging trails, cafe, and many events throughout the year in addition to events in Covington. Doby Elementary School is on site with Eisenhower Middle and East Bay High schools right across from the entrance.

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
 

$278,550$340,450$309,500

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,075
Property Tax -$502
Property Insurance -$160
HOA -$11
Property Management Fees -$129
CASH FLOW
-$147

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.

$309,500

PROJECTED PRICE

$1,730

PROJECTED RENT

0.56%

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$900k

PROJECTED ANNUAL CASH FLOW

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

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$87,768

INVESTMENT

$87,768

Down Payment
$77,375
Rehab Estimate
$5,750
Closing Costs
$4,643

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,075

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,375
Loan Amount $232,125
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,818

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,685
1$1,6852$1,7303$1,7754$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 6709 Guilford Glen Pl Apollo Beach, FL 2
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.81
    •  
  • 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 3
    • 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 4
    • 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
    •  
  • 6822 Guilford Bridge Dr Apollo Beach, FL 5
    • 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,202 Sqft ∙ Built 2006
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.84
    •  
PROPERTY LISTING DETAILS
Bonnie Fagoh
1.813.390.7606
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291505
Last Updated: 02/23/2021
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