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15348 Westminister Ave Clearwater, FL 33760

3 Beds 2 Baths 1,443 sqft Built 1966

$237,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $164.24
  • 5 Days on Market
  • MLS # : U8103387
  • Updated Date : 11/07/2020 at 17:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,443 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Gulfside Rlty

Listing Agent's Description

JUST LISTED November 4th. This unique home features a Sunny Family Room & Master Bedroom suite addition w/almost 9 foot ceilings. Loads of natural light with skylights, and high ceiling w/brand new knockdown texture. Voluminous Master bedroom with high ceiling & HUGE walk in closet, features built-in shelving for ALL your clothes and accessories. Master bathroom boasts sunny skylight and dual vanities. Separate split living rooms at opposite ends provides for precious personal space among family members. This home shows great with interior freshly painted from top to bottom. Bright & Sunny kitchen with white cabinets, new textured ceiling and LED light. Loads of handsome Pavers & Patio Blocks make up the shaded rear patio. This pavered courtyard lends itself to cool relaxation for your family get-togethers. Capped off with a massive Confederate-Jasmine trellis that proffers a delightful aroma every spring. Cottage style bonus-building in rear is more than just a shed. Over 300 square feet is perfect for your teenager’s band practice, or a safe place for sleep overs where you’ll always know were your children are. Double wide driveway and carport accommodates parking for 5 cars. Terrazzo Floors in the front half of home. Home has many newer ceiling fans, and located in flood zone X (the good one). Flood insurance NOT required by lenders.

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

Zip Code: 33760

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k238k

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

Zip Code: 33760

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
High Point Elementary School Primary Regular 725 64 3
Fitzgerald Middle School Middle Magnet 1,137 68 4
Pinellas Park High School High Magnet 2,173 109 4

High Point Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 64
3
GreatSchools Rating

Fitzgerald Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 68
4
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$213,300$260,700$237,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$874
Property Tax -$299
Property Insurance -$120
Property Management Fees -$80
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.

$237,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.65%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,555

INVESTMENT

$68,555

Down Payment
$59,250
Rehab Estimate
$5,750
Closing Costs
$3,555

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$874

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,250
Loan Amount $177,750
See What Happens When You Reinvest Cash Flow

10.08

YEARS SAVED

$40,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,627

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5503$1,5504$1,6205$1,899
$1,899
RENT COMPS ANALYSIS
  • 15348 Westminister Ave Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.07
    •  
  • 2842 Eagle Run Cir E Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1983
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.19
    •  
  • 14950 55th Way N Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1972
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.19
    •  
  • 15149 Harding Ave Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1960
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.06
    •  
  • 2997 164th Ave N Clearwater, FL 5
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1974
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.07
    •  
PROPERTY LISTING DETAILS
John Mcintosh
1.727.698.8243
Keller Williams Gulfside Rlty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103387
Last Updated: 11/07/2020
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