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6711 Cambridge Park Dr Apollo Beach, FL 33572

3 Beds 2 Baths 1,521 sqft Built 2005

$269,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $176.86
  • 3 Days on Market
  • MLS # : T3292656
  • Updated Date : 02/27/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,521 sqft
  • Baths : 2 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Welcome home!! Waiting for you is this charming 3 bedroom, 2 bath home located in the very sought after community of Covington Park. Sit back, relax on the front porch with your favorite beverage while waving at your friends and neighbors as they go by. The interior features an open concept floor plan with laminate flooring and new carpet. All appliances, including the newer refrigerator, dishwasher and range hood are included in the bright and open kitchen that overlooks the spacious living room and casual dining area with a sliding glass door that leads to the back yard. An air and water purification system and a washer and dryer are also included!! The master bedroom has crown molding and a shiplap feature wall. The master bath has a new vanity with granite counter top. Conveniently situated close to shopping, dining, schools and more! I-75, US Hwy 301 and Hwy 41 are close by for easy commuting. This is the perfect place to call home!

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
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$934
Property Tax -$359
Property Insurance -$125
HOA -$10
Property Management Fees -$129
CASH FLOW
-$107

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.

$269,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.54%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$10,799

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,4503$1,5004$1,5755$1,600
$1,600
RENT COMPS ANALYSIS
  • 6711 Cambridge Park Dr Apollo Beach, FL 2
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 7423 Oxford Garden Cir Apollo Beach, FL 1
    • 4 beds 2 baths ∙ 1,367 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,367 Sqft ∙ Built 2004
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.01
    •  
  • 6705 Cambridge Park Dr Apollo Beach, FL 3
    • 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
    •  
  • 7610 Hampshire Garden Pl Apollo Beach, FL 4
    • 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 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.94
    •  
PROPERTY LISTING DETAILS
Aixa Moore
1.813.645.8481
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292656
Last Updated: 02/27/2021
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