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1650 Eden Ct Clearwater, FL 33756

4 Beds 2 Baths 1,894 sqft Built 1970

$349,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $184.74
  • 6 Days on Market
  • MLS # : U8108024
  • Updated Date : 12/22/2020 at 03:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,894 sqft
  • Baths : 2 full
Listing Agent

Re/max Acr Elite Group Inc

Listing Agent's Description

A must see home in a Great Neighborhood. This TRUE 4 bedroom home has many amenities including a Very LARGE Inground Pool and covered Lanai. The Screen enclosure on Pool was installed in 2015. Newer Complete Roof (2017), Central Heat and Air (2012), and a Brand New Pool Pump. Kitchen has all Wood Cabinets and a breakfast bar, as well as, a walk in Corner pantry. Tile Floors in main living area. Additional Heat and Cooled Florida Room can be used as a Play Room or a Rec Room. (Ideal for a Pool Table) Master Bedroom has Master Bath with access to Pool area. Jacuzzi tub in Guest Bathroom. There is plenty of storage and closets galore. There is even a storage closet in the Garage. Custom Built Playhouse outside that could be used as Storage if preferred. Pool has a special Salt Chlorinator for soft water and sensitive skin. This home won't last long and is priced to sell. Don't miss out.

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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: 33756

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k274k

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

Zip Code: 33756

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
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,291
Property Tax -$452
Property Insurance -$146
Property Management Fees -$129
CASH FLOW
-$118

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.

$349,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.54%

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

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,880

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9003$1,9004$1,9105$1,950
$1,950
RENT COMPS ANALYSIS
  • 1650 Eden Ct Clearwater, FL 3
    • 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,894 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
  • 1721 Eaton Dr Ne Clearwater, FL 1
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1959
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 1337 Weber Dr Clearwater, FL 2
    • 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 1962
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
  • 1721 Dunbar Ln Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 1959
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.03
    •  
  • 1309 Woodcrest Ave Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 1958
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
PROPERTY LISTING DETAILS
Dorita Mayeux
1.727.415.6119
Re/max Acr Elite Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108024
Last Updated: 12/22/2020
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