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1635 Windsor Dr Clearwater, FL 33755

4 Beds 2 Baths 2,446 sqft Built 1990

$415,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $169.66
  • 4 Days on Market
  • MLS # : U8103305
  • Updated Date : 11/01/2020 at 10:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,446 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Welcome to your new home nestled within Windsor Woods! The second you walk through the front door you will fall in LOVE with the massive great room with soaring ceilings and a cozy wood-burning fireplace. Your galley kitchen has plenty of wood cabinetry along with a pantry with roll-out shelves, granite countertops, a high bar, and stainless-steel appliances! Let’s not forget the beautiful skylight just above you! The master suite is just around the corner…this beauty features his and hers WALK-IN closets with CUSTOM closet systems, a LARGE jacuzzi tub, oversized walk-in shower, wood vanity with double sinks, granite countertops, and a stacked stone accent wall. You’ll never want to leave your master suite! The 3 guest bedrooms are located on the opposite side of the house with plenty of closet space and a remodeled guest bathroom with a jacuzzi tub. This beauty features a newer roof and windows...so no worries there!! Don’t miss your chance to live in luxury…Schedule your showing today!

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: 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
Dunedin Elementary School Primary Regular 625 50 2
Dunedin Highland Middle School Middle Magnet 1,060 60 4
Dunedin High School High Regular 1,517 76 4

Dunedin Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 50
2
GreatSchools Rating

Dunedin Highland Middle School

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

Dunedin High School

  • Education Level: High
  • # of students: 1,517
  • # of teachers: 76
4
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,531
Property Tax -$536
Property Insurance -$179
Property Management Fees -$80
CASH FLOW
-$66

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.

$415,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.54%

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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$26,012

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,226

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0503$2,2604$2,275
$2,275
RENT COMPS ANALYSIS
  • 1635 Windsor Dr Clearwater, FL 3
    • 4 beds 2 baths ∙ 2,446 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,446 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.92
    •  
  • 2140 Pine Ridge Dr Clearwater, FL 1
    • 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1970
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 1008 Wood Ave Clearwater, FL 2
    • 3 beds 2 baths ∙ 2,254 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,254 Sqft ∙ Built 2008
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.91
    •  
  • 2080 Brendla Rd Clearwater, FL 4
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1974
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.95
    •  
PROPERTY LISTING DETAILS
Michelle Byrd
1.727.804.7251
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103305
Last Updated: 11/01/2020
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