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1897 Bugle Ln Clearwater, FL 33764

3 Beds 2 Baths 1,715 sqft Built 1979

INVESTimate

$379,200

List Price

$1,990

$1,791 - $2,189

Rent Est.

$398,805  ( +5.17%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $221.11
  • 6 Days on Market
  • MLS # : U8094279
  • Updated Date : 08/24/2020 at 12:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Douglas Elliman

Listing Agent's Description

Beautiful, spacious pool home constructed on a massive lot in the desirable Douglas Manor Estates enclave of Clearwater! This 3 bedroom 2 bath bungalow style single family home has been extensively upgraded and exudes character and pride of ownership. Upon entering the front door you're greeted with a large living room/dining room combo with a massive wood burning fire place adorned with natural stone quarried and sourced from North Carolina. The adjacent kitchen features solid wood cabinetry, custom travertine back splash, Kitchen Aid Appliances, newer counter tops, and flows into a dinette with views of the pool. The large master bedroom features a walk in closet with chandelier, updated en suite bath with sunken tub, new vanity with solid surface counter top and updated plumbing done in 2018. Next to the dinette you'll find 2 additional bedrooms adjacent to the second updated bathroom with new vanity and counter top completed in 2018. Walk out the updated glass doors into the massive back yard and discover a Florida Living Oasis complete with a solar heated pool with lighting, water features, amazing plants, and an air conditioned shed perfect for a man cave/she shed, workshop or workout space. Situated on more than 1/3 of an acre, the green space seems to go on forever with Crepe Myrtles, Royal Poinciana, Camphor, Orchid and Tabebuia Trees. Side yard has a small fenced in dog run next to a large double door 2 car attached garage with separate openers, work space and custom painted floor completed this month. Roof done in 2017, driveway in 2018, carpet in 2020. ADT alarm system conveys. Centrally located just 6 miles from the world famous Clearwater beaches, 3 miles from US 19 and Clearwater Mall with amazing restaurants, Home Depot, and grocery shopping. This one of a kind pool home oasis won't last, book a showing today!

SEE MORE

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: 33764

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $75k250k

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

Zip Code: 33764

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781857

* 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
 

$341,280$417,120$379,200

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,399
Property Tax -$500
Property Insurance -$136
Property Management Fees -$80
CASH FLOW
-$125

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.

$379,200

PROJECTED PRICE

$1,990

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.17%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,238

INVESTMENT

$106,238

Down Payment
$94,800
Rehab Estimate
$5,750
Closing Costs
$5,688

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,399

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,800
Loan Amount $284,400
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$19,723

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,037

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8503$1,9904$1,9995$2,400
$2,400
RENT COMPS ANALYSIS
  • 1897 Bugle Ln Clearwater, 3
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.16
    •  
  • 2173 University Dr S Clearwater, 1
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1962
    LEASED 08/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.17
    •  
  • 1519 S Keene Rd Clearwater, 2
    • 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
    •  
  • 1978 Sandra Dr Clearwater, 4
    • 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,829 Sqft ∙ Built 1969
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.09
    •  
  • 1461 Hunter Ln Clearwater, 5
    • 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,775 Sqft ∙ Built 1972
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.35
    •  
PROPERTY LISTING DETAILS
Derrick Silvers
1.727.831.6211
Douglas Elliman
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8094279
Last Updated: 08/24/2020
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