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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $153.45
- 3 Days on Market
- MLS # : T3279039
- Updated Date : 12/05/2020 at 07:50
CONSTRUCTION
- Beds : 4
- Floor Size : 2,378 sqft
- Baths : 3 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
Beautiful 4 bedroom 3 bath CalAtlantic built home in the desirable Waterset community. This gorgeous home is like new and shows like a model home, loaded with premium interior finishes. As you arrive to the property you will immediately notice the home’s stunning curb appeal with stone accents, decorative garage door and large covered front porch entryway. As you enter the home through the 8’ front door with embellished glass you’ll be greeted with a soaring ceiling in the foyer and will notice beautiful wood staircase leading to the second floor. As you enter the main living area of the home you'll discover this incredibly open design with an amazing kitchen and dining areas that are open to the spacious great room! As look around you can’t help but to notice all the premium finishes throughout the home such as the upscale white cabinetry with soft close drawers, Quartz counter tops, decorative backsplash, stainless steel range hood, 5 ¼ baseboards throughout, Plantation shutters, pendant lighting, and wood plank Tile throughout most of the home just to name a few. The main floor also offers a bedroom and full bathroom. Heading upstairs you will find the luxurious Master bedroom and the secondary bedrooms. The Master bedroom features a tray ceiling & wood plank tile flooring. The master bath offers dual vanity sinks and a large walk-in shower. The spacious secondary bedrooms upstairs will share the 3rd bathroom. Lastly, we will head to the outdoor space through either sets of sliding glass doors where you’ll find the large covered and screened-in lanai that looks out to the generous backyard complete with landscape lighting and patio pavers. I could go on and on about the wonder features of this home, but it best to just come and see it for yourself! You will also love the Waterset community with the amazing amenities and location it offers! Call now to schedule your private showing!
SEE MORE
- 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
* 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 | $2,140 |
| EXPENSES | Loan Payment | -$1,346 |
| Property Tax | -$526 | |
| Property Insurance | -$175 | |
| HOA | -$7 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$43
|
||
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.
$364,900
PROJECTED PRICE
$2,140
PROJECTED RENT
0.59%
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
$102,449
LOAN DETAILS
$1,346
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,225 |
| Loan Amount | $273,675 |
5.67
YEARS SAVED
$27,495
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,140
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,140
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
7410 Radden Ct Apollo Beach, FL 3
- 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,378 Sqft ∙ Built 2017
![property image]()
- Rent
- Rent Per SQFT
- $2,140
- $0.90
-
7308 Carrington Oaks Ln Apollo Beach, FL 1
- 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2005
![property image]()
LEASED 01/07/20- Rent
- Rent Per SQFT
- $1,895
- $0.81
-
6324 Sunsail Pl Apollo Beach, FL 2
- 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
-
6459 Clair Shore Dr Apollo Beach, FL 4
- 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2003
![property image]()
LEASED 11/02/20- Rent
- Rent Per SQFT
- $2,250
- $0.91
-
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
1.813.857.2296
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3279039
Last Updated: 12/05/2020
