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1730 Harmony Dr Clearwater, FL 33756

3 Beds 2 Baths 1,472 sqft Built 1968

$374,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1968
  • Price/Sqft : $254.69
  • 6 Days on Market
  • MLS # : U8115717
  • Updated Date : 03/10/2021 at 12:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

WOW! The Tropical pool home you have been waiting for. Lovingly cared for and well maintained for the last 24 years; this is the best home in the best neighborhood available immediately. Imagineered for outdoor entertaining and enjoyment, the outdoor oasis was architecturally designed in 2001 with cathedral ceiling and bar seating to enjoy the large pool featuring a sun shelf and soothing waterfall. Interior features a classic split plan with kitchen in the center, separate dining, living rooms and home office. New roof 2020. New pool pump 2020, updated kitchen includes granite counters and newer appliances(2017). Wired for plug in generator. Located in a secluded neighborhood with no through traffic and NON FLOOD ZONE, walking distance to the secret back entrance to Eagle Lake Park with all its trails and natural beauty, close to Highland Recreation Complex, restaurants, shopping, and just minutes to the beautiful Gulf beaches! Located in a non-evacuation zone, no HOA.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Ponce De Leon Elementary School Primary Regular 556 49 1
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Ponce De Leon Elementary School

  • Education Level: Primary
  • # of students: 556
  • # of teachers: 49
1
GreatSchools Rating

Largo Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 44
3
GreatSchools Rating

Largo High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 86
6
GreatSchools Rating
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,302
Property Tax -$458
Property Insurance -$122
Property Management Fees -$129
CASH FLOW
-$181

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.

$374,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.49%

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

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$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,302

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,194

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7753$1,8304$1,8505$2,200
$2,200
RENT COMPS ANALYSIS
  • 1730 Harmony Dr Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1968
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.24
    •  
  • 1630 Fortune Dr Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1961
    LEASED 10/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.13
    •  
  • 1638 Monterey Dr Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1982
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.08
    •  
  • 1519 S Keene Rd Clearwater, FL 4
    • 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
    •  
  • 1939 Arvis Cir W Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 1977
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.32
    •  
PROPERTY LISTING DETAILS
Jack Stroup
1.727.698.3381
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115717
Last Updated: 03/10/2021
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