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1258 Flushing Ave Clearwater, FL 33764

3 Beds 2 Baths 2,109 sqft Built 1964

$319,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $151.26
  • 3 Days on Market
  • MLS # : U8108342
  • Updated Date : 01/01/2021 at 20:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,109 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

3 Bedrooms 2 bathrooms 2 car oversized garage with new 2019 roof and 2019 new windows. Air conditioning is 2013. You do not want to miss your future home. Only 7 mile to Clearwater beach and 6 mile to Countryside mall/movie theater! Never get bored with your backyard; that is perfect for family gatherings and activities.

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

Zip Code: 33764

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $75k250k

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

Zip Code: 33764

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781857

* 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
Belcher Elementary School Primary Regular 673 50 4
Oak Grove Middle School Middle Regular 1,071 65 3
Clearwater High School High Regular 1,870 89 4

Belcher Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 50
4
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 1,071
  • # of teachers: 65
3
GreatSchools Rating

Clearwater High School

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

$287,100$350,900$319,000

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 -$1,177
Property Tax -$412
Property Insurance -$159
HOA -$3
Property Management Fees -$129
CASH FLOW
$261

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.

$319,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.67%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$56,645

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
  • $1.01

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0393$2,0504$2,1405$2,199
$2,199
RENT COMPS ANALYSIS
  • 1258 Flushing Ave Clearwater, FL 4
    • 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 1964 3 beds 2 baths ∙ 2,109 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $1.01
    •  
  • 2259 Harn Blvd Clearwater, FL 1
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1965
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 1400 S Hercules Ave Clearwater, FL 2
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1965
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,039
    • $0.99
    •  
  • 2194 Oak Grove Dr Clearwater, FL 3
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1970
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.02
    •  
  • 2170 College Dr Clearwater, FL 5
    • 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,875 Sqft ∙ Built 1961
    LEASED 12/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.17
    •  
PROPERTY LISTING DETAILS
Gable Eaves
1.727.252.6508
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108342
Last Updated: 01/01/2021
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