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7514 Sea Lilly Ct Apollo Beach, FL 33572

3 Beds 3 Baths 2,147 sqft Built 2016

$349,961

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $163.00
  • 3 Days on Market
  • MLS # : T3287501
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,147 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mcbride Kelly & Associates

Listing Agent's Description

This charming 3-bedroom 2.5 bath homes sits on a corner lot in the desirable Waterset community. When you arrive notice the extra wide driveway which allows for additional space to park. Also impressive is the curb appeal is indicative of what you will encounter inside. Once inside, the neutral color provides a soothing ambience. The spacious kitchen provides access to the breakfast nook while overlooking the huge family room. Upstairs you find the bedrooms, two bathrooms and the roomy loft. Outside is the covered lanai with extended pavers that provides a great place for entertaining while still leaving space for a swimming pool to be constructed. This home is ready for its new owner, so call today.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$314,965$384,957$349,961

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,216
Property Tax -$507
Property Insurance -$161
HOA -$6
Property Management Fees -$129
CASH FLOW
-$38

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.

$349,961

PROJECTED PRICE

$1,980

PROJECTED RENT

0.57%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,490

INVESTMENT

$98,490

Down Payment
$87,490
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,490
Loan Amount $262,471
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$21,515

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9803$1,9954$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 7514 Sea Lilly Ct Apollo Beach, FL 2
    • 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,147 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.92
    •  
  • 7707 Nottinghill Sky Dr Apollo Beach, FL 1
    • 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 2004
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 6132 Colmar Pl Apollo Beach, FL 3
    • 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,119 Sqft ∙ Built 2018
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.94
    •  
  • 6320 Sunsail Pl Apollo Beach, FL 4
    • 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,046 Sqft ∙ Built 2017
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 6324 Sunsail Pl Apollo Beach, FL 5
    • 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,255 Sqft ∙ Built 2017
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jonathan Colley
1.813.254.0900
Mcbride Kelly & Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287501
Last Updated: 01/30/2021
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