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1151 Belleair Rd Clearwater, FL 33756

3 Beds 3 Baths 1,904 sqft Built 2001

$345,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $181.20
  • 4 Days on Market
  • MLS # : T3295088
  • Updated Date : 03/12/2021 at 19:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,904 sqft
  • Baths : 3 full
Listing Agent

Mv Realty Pbc Llc

Listing Agent's Description

Opportunity awaits with this well-maintained 3 bedroom, 3 bathroom (recently updated), 1,904 sqft home. This home features an OPEN floorplan with SPACIOUS living AND family rooms that are PRIME for entertaining also with a HUGE kitchen recently updated also. The master suite includes a walk-in master closest, and French doors that lead out to the patio. Better yet, there is NO HOA or CDD fee and LOW taxes, making this one of the mostly AFFORDABLY priced communities in the area! This PRIME location is just minutes away from the Beautiful Clearwater beach and variety of restaurants, retail and shopping centers and is approximately 30 minutes away from Tampa International Airport. Schedule your virtual tour or private showing and MAKE YOUR MOVE, today!

SEE MORE

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

Zip Code: 33756

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k274k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33756

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781649

* 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
Ponce De Leon Elementary School Primary Regular 556 49 1
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Ponce De Leon Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 49
1
GreatSchools Rating

Largo Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 44
3
GreatSchools Rating

Largo High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 86
6
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,198
Property Tax -$445
Property Insurance -$147
Property Management Fees -$129
CASH FLOW
$220

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.

$345,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$46,288

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
  • $1.12

    LIST RENT PER SQFT
  • $2,386

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1403$2,5004$2,500
$2,500
RENT COMPS ANALYSIS
  • 1151 Belleair Rd Clearwater, FL 2
    • 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,904 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.12
    •  
  • 1650 S Betty Ln Clearwater, FL 1
    • 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1987
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.24
    •  
  • 1320 Alexander Way Clearwater, FL 3
    • 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,847 Sqft ∙ Built 1998
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.35
    •  
  • 1231 Alexander Way Clearwater, FL 4
    • 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,141 Sqft ∙ Built 1999
    LEASED 11/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.17
    •  
PROPERTY LISTING DETAILS
Brenda Olivas
1.407.280.0208
Mv Realty Pbc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3295088
Last Updated: 03/12/2021
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