Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $153.62
- 7 Days on Market
- MLS # : U8109563
- Updated Date : 01/12/2021 at 11:20
CONSTRUCTION
- Beds : 4
- Floor Size : 2,083 sqft
- Baths : 2 full
Listing Agent
Re/max Acr Elite Group Inc
Listing Agent's Description
SPACIOUS FOUR BEDROOM SPLIT PLAN HOME WITH NEWER (FEB'17) SHINGLE ROOF, AND NEARLY ALL NEWER DUAL PANE INSULATED WINDOWS THROUGHOUT! NEWER HOT WATER HEATER! LARGE CORNER LOT (.24 ACRE), WITH MAGNIFICENT OAKS & MATURE LANDSCAPING. LARGE FRONT LIVING ROOM, DINING AREA, FAMILY ROOM & REAR "BONUS ROOM" AREA! OTHER FEATURES INCLUDE: COMFORTABLY SIZED BEDROOMS; WALK-IN CLOSET IN MASTER BEDROOM; INSIDE UTILITY ROOM; AND WOOD FLOORING IN FAMILY ROOM & HALL. EASY ACCESS/ STEP DOWN SHOWER IN MASTER. ATTACHED OUTSIDE STORAGE ROOM & REAR ENCLOSED PORCH WITH VINYL WINDOWS & SPA! HOME IS A TRUE 4BR! *SOLD "AS IS, WITH RIGHT TO INSPECT" *SEE PHOTOS & VIRTUAL TOUR! *PROVIDE PROOF OF FUNDS OR PRE-APPROVAL FOR FINANCING WITH ANY OFFER.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33755
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$413 | |
| Property Insurance | -$157 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$99
|
||
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.
$320,000
PROJECTED PRICE
$1,910
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
7.5
YEARS SAVED
$30,288
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,010
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1887 Ridgeway Dr Clearwater, FL 4
- 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 1971 4 beds 2 baths ∙ 2,083 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $1,910
- $0.92
-
1848 N Keene Rd Clearwater, FL 1
- 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
-
1565 Long St Clearwater, FL 2
- 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 1973
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.95
-
1701 Scott St Clearwater, FL 3
- 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,852 Sqft ∙ Built 1958
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,875
- $1.01
-
2080 Brendla Rd Clearwater, FL 5
- 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
1.727.410.5400
Re/max Acr Elite Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8109563
Last Updated: 01/12/2021
