Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1154 Palmetto St Clearwater, FL 33755

4 Beds 2 Baths 2,482 sqft Built 1988

$319,990

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $128.92
  • 2 Days on Market
  • MLS # : O5928401
  • Updated Date : 03/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,482 sqft
  • Baths : 2 full
Listing Agent

Flobella Realty Llc

Listing Agent's Description

Come see this Clearwater 4 bedroom Split floor plan home. Featuring Over 2,500 SqFt of living with two huge driveways big enough for about 6 cars. This Home has Hurricane Impact Windows and Doors, Laminate and Tile Flooring. The Kitchen is Absolutely Beautiful light cabinets, soft close drawers, a breakfast bar and granite countertops, has Stainless Steel Appliances. The Roof is only 6 years old, A/C (2019) duct-work and vents, Electrical and Plumbing redone (2019), trim and doors (2019). Water heater (2019). This Home is Fabulously Welcoming, Spacious, Light & Bright and Perfect for You! A must see... Call to schedule a showing 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: 33755

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33755

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391649

* 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
Sandy Lane Elementary School Primary Regular 416 44 1
Dunedin Highland Middle School Middle Magnet 1,060 60 4
Clearwater High School High Regular 1,870 89 4

Sandy Lane Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 44
1
GreatSchools Rating

Dunedin Highland Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 60
4
GreatSchools Rating

Clearwater High School

  • Education Level: High
  • # of students: 1,870
  • # of teachers: 89
4
GreatSchools Rating
 

$287,991$351,989$319,990

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,111
Property Tax -$413
Property Insurance -$181
Property Management Fees -$129
CASH FLOW
$176

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.

$319,990

PROJECTED PRICE

$2,010

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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$90,547

INVESTMENT

$90,547

Down Payment
$79,998
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,998
Loan Amount $239,993
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$37,824

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,420

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,0503$2,800
$2,800
RENT COMPS ANALYSIS
  • 1154 Palmetto St Clearwater, FL 1
    • 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,482 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.81
    •  
  • 1008 Wood Ave Clearwater, FL 2
    • 3 beds 2 baths ∙ 2,254 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,254 Sqft ∙ Built 2008
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 223 Watkins Rd Belleair, FL 3
    • 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2007 3 beds 4 baths ∙ 2,680 Sqft ∙ Built 2007
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jasmine Vazquez
1.407.800.5164
Flobella Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928401
Last Updated: 03/07/2021
BESbswy