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1472 S Hercules Ave Clearwater, FL 33764

4 Beds 2 Baths 1,775 sqft Built 1964

$399,999

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1964
  • Price/Sqft : $225.35
  • 3 Days on Market
  • MLS # : T3273933
  • Updated Date : 11/02/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

Houzio Inc

Listing Agent's Description

RARE opportunity to own your DREAM HOUSE in beautiful Clearwater, a property like this does not come around often! This stunning residence boasts 4 bedrooms, 2 bathrooms, and a 2 car garage on a gorgeous lot and finishes buyers dream of!. Upon entering, you will be captivated by the breathtaking finishes of this home. The kitchen is a chef's dream - with beautiful STAINLESS STEEL appliances, STONE countertops, STYLISH LIGHTING, and gorgeous CABINETRY. Lovely open floorplan perfect for entertaining! The master bedroom is filled with light and is a tranquil retreat. The master bathroom features beautiful vanity with stylish counters and a large spa-like shower. Enjoy relaxing in your family room and entertaining. Or enjoy the Florida lifestyle sitting out back on your screened lanai overlooking a SPARKLING POOL and great backyard! Enjoy living in this sought after location, close to amazing beaches, dining, and entertainment!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Imperial Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300kPrice in $75k312k

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

Neighborhood: Imperial Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8781932

* 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
Plumb Elementary School Primary Regular 782 56 6
Oak Grove Middle School Middle Regular 1,071 65 3
Clearwater High School High Regular 1,870 89 4

Plumb Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 56
6
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
 

$359,999$439,999$399,999

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,476
Property Tax -$516
Property Insurance -$140
HOA -$7
Property Management Fees -$80
CASH FLOW
-$168

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.

$399,999

PROJECTED PRICE

$2,050

PROJECTED RENT

0.51%

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-$5.0k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $299,999
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$17,808

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $2,090

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,705
1$1,7052$1,8503$2,0004$2,0505$2,400
$2,400
RENT COMPS ANALYSIS
  • 1472 S Hercules Ave Clearwater, FL 4
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.15
    •  
  • 1466 Hunter Ln Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1958
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,705
    • $1.01
    •  
  • 1519 S Keene Rd Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1960
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.14
    •  
  • 1326 Woodcrest Ave Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1958
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.21
    •  
  • 1461 Hunter Ln Clearwater, FL 5
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1972
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.35
    •  
PROPERTY LISTING DETAILS
Marta Wrzesniewski
1.727.481.3718
Houzio Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273933
Last Updated: 11/02/2020
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