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1519 Chandler Ave Clearwater, FL 33755

4 Beds 2 Baths 1,542 sqft Built 1960

$259,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $168.55
  • 3 Days on Market
  • MLS # : U8111643
  • Updated Date : 01/30/2021 at 13:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,542 sqft
  • Baths : 1 full , 1 half
Listing Agent

Lionsheart Realty Llc

Listing Agent's Description

This warm and inviting four bedroom with one and one half bath home has an open and spacious floor plan, located in the beautiful city of Clearwater! This home is light & bright with neutral colors with plenty of windows to let the bright sunshine in. The sun room can be used as an office or reading room and it has french doors for plenty of natural light. The kitchen is well equipped with a dishwasher and a pantry. Indoor laundry room is equipped with a washer and dryer, with a half bath. This house has a big front yard and back fenced yard. There is plenty of parking by the carport. Roof was replaced in 2016, brand new A/C will be installed on 02/02/21. The first entry door, back kitchen door and bathroom window will also be replaced. The doors are on backorder the owner pay over $3,500 for those 3 items. The terrazzo floor will be polished on 02/03/21. Also there is a mango tree and other mature foliage. This house has been very well maintained, the owner keep meticulous records. Measurements are approximate only and should be verified by the buyer.

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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: 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
Skycrest Elementary School Primary Regular 696 58 3
Dunedin Highland Middle School Middle Magnet 1,060 60 4
Clearwater High School High Regular 1,870 89 4

Skycrest Elementary School

  • Education Level: Primary
  • # of students: 696
  • # of teachers: 58
3
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
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$903
Property Tax -$335
Property Insurance -$126
Property Management Fees -$129
CASH FLOW
$87

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.

$259,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$25,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,623

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5803$1,5954$1,6005$1,765
$1,765
RENT COMPS ANALYSIS
  • 1519 Chandler Ave Clearwater, FL 2
    • 4 beds 2 baths ∙ 1,542 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,542 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.02
    •  
  • 1470 Pine Brook Dr Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,620 Sqft ∙ Built 1954
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
  • 1216 Nelson Ave Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 1972
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 1430 N Highland Ave Clearwater, FL 4
    • 4 beds 2 baths ∙ 1,348 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,348 Sqft ∙ Built 1960
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.19
    •  
  • 1485 Grove Circle Ct Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1957
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $1.15
    •  
PROPERTY LISTING DETAILS
Patricia Lugo
1.727.409.7742
Lionsheart Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8111643
Last Updated: 01/30/2021
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