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1821 Elmhurst Dr Clearwater, FL 33765

4 Beds 2 Baths 2,055 sqft Built 1973

$290,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $141.12
  • 2 Days on Market
  • MLS # : T3279307
  • Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,055 sqft
  • Baths : 2 full
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

LOCATION, LOCATION, LOCATION......NO HOA & NO CDD!! Spacious floor plan offering 4 BEDROOMS+2 BATHROOMS+OVER SIZED GARAGE+2055 SQFT of living space. The home consists of a formal living, dining and an open concept family room adjacent to the kitchen. This Clearwater house is just a short drive to the major interstates, Countryside Mall and central to all the great Pinellas County Beaches! For all of you avid bike riders you are just 15 min from enjoying 45 miles of the amazing Pinellas Bike Trails. If golf is the reason you enjoy living or moving to Florida, Innisbrook Golf Resort, Countryside Country Club is located a short drive away.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33765

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k277k

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

Zip Code: 33765

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
Mcmullen-booth Elementary School Primary Regular 729 58 3
Safety Harbor Middle School Middle Regular 1,319 75 5
Countryside High School High Regular 2,175 106 5

Mcmullen-booth Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 58
3
GreatSchools Rating

Safety Harbor Middle School

  • Education Level: Middle
  • # of students: 1,319
  • # of teachers: 75
5
GreatSchools Rating

Countryside High School

  • Education Level: High
  • # of students: 2,175
  • # of teachers: 106
5
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,070
Property Tax -$399
Property Insurance -$156
Property Management Fees -$129
CASH FLOW
$246

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.

$290,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.69%

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$0.0$5.0k$10k$15k$20k

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$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

10.5

YEARS SAVED

$52,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,060

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7953$1,8494$1,9005$2,000
$2,000
RENT COMPS ANALYSIS
  • 1821 Elmhurst Dr Clearwater, FL 5
    • 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1973 4 beds 2 baths ∙ 2,055 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 1967 Albany Dr Clearwater, FL 1
    • 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,711 Sqft ∙ Built 1960
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 1848 N Keene Rd Clearwater, FL 2
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1966
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 2737 Morningside Dr Clearwater, FL 3
    • 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,764 Sqft ∙ Built 1973
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.05
    •  
  • 2101 Sun Tree Dr Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1981
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.05
    •  
PROPERTY LISTING DETAILS
John Daux Pa
1.813.629.0293
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279307
Last Updated: 12/06/2020
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