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7504 Sea Mark Ct Apollo Beach, FL 33572

4 Beds 3 Baths 2,469 sqft Built 2017

INVESTimate

$373,000

List Price

$2,170

$1,953 - $2,387

Rent Est.

$389,785  ( +4.50%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $151.07
  • 8 Days on Market
  • MLS # : T3260411
  • Updated Date : 08/21/2020 at 11:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,469 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Realty Unlimited

Listing Agent's Description

**EXTRAORDINARY VALUE**4/3/2 POOL HOME**The perfect home for the perfect family, this Gorgeous POOL home, 2469 sq. ft. 4 large bedrooms,3 Full Baths,2-car garage…priced extremely well! Uniquely Featured Guest Bedroom on the Main Floor…Super convenient!!Open Floor Plan and gorgeous tile floors in all the common areas. Large Master bedroom and the master bath has a large walk-in shower and a walk-in closet. The kitchen is a tremendous focal point, representing prestigiously tall Upgraded Kitchen cabinetry, granite countertops and an Elegantly Designed tiled backsplash. The massive living room space has a unbeatable view of the backyard Pool Oasis through the Double Sliding Glass Doors. This home is extremely clean and has been immaculately maintained and landscaped to perfection, creating a private oasis in the backyard with Florida style palm trees and foliage surrounding the Pool area and Fully Screened and Covered lanai… This Energy Efficient Home also has a water softener that conveys,It shows extremely well; the entrance is open and appealing. Add the beauty of this home to the quality of life in the Waterset Community, with miles of running and biking trails, trail-side fitness equipment,2 Fitness Centers, 2 climatized pools, 1 Family Fun Pool with Waterslides, Community Café, Community Charter School on site. Welcome Home! and look no more!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$335,700$410,300$373,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,376
Property Tax -$571
Property Insurance -$180
HOA -$7
Property Management Fees -$80
CASH FLOW
-$44

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.

$373,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.50%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,595

INVESTMENT

$104,595

Down Payment
$93,250
Rehab Estimate
$5,750
Closing Costs
$5,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,376

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,250
Loan Amount $279,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,880

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,173

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,1703$2,2494$2,2505$2,440
$2,440
RENT COMPS ANALYSIS
  • 7504 Sea Mark Ct Apollo Beach, 2
    • 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,469 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.88
    •  
  • 7308 Carrington Oaks Ln Apollo Beach, 1
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2005
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.81
    •  
  • 6333 Voyagers Pl Apollo Beach, 3
    • 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,635 Sqft ∙ Built 2017
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,249
    • $0.85
    •  
  • 6435 Clair Shore Dr Apollo Beach, 4
    • 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,467 Sqft ∙ Built 2004
    LEASED 09/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 6325 Sunsail Pl Apollo Beach, 5
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 2017
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.95
    •  
PROPERTY LISTING DETAILS
Bradley Livingston
1.813.812.0162
Re/max Realty Unlimited
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260411
Last Updated: 08/21/2020
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