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

1968 S Belcher Rd Clearwater, FL 33764

3 Beds 2 Baths 1,400 sqft Built 1970

$274,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $196.36
  • 3 Days on Market
  • MLS # : T3280948
  • Updated Date : 12/25/2020 at 11:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Align Right Realty Riverview

Listing Agent's Description

Check out this newly remodeled 3 bedroom 2 bath house. Picture do not do this one justice, this is a must see house. Brand new roof and a/c. All new vinyl flooring in the common areas. New kitchen cabinets with granite counter tops. All new blinds. The bathroom have been totally remodeled. New screens on the patio. Largo is centrally located to everything. A short drive to the beach. If you wanted to go to Tampa a short ride over the bridge. 5 minutes from St Pete Airport.

SEE MORE

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: 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
Belcher Elementary School Primary Regular 673 50 4
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Belcher Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 50
4
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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,014
Property Tax -$336
Property Insurance -$118
Property Management Fees -$129
CASH FLOW
$133

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.

$274,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.63%

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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$39,435

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $1.27

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,6003$1,7004$1,7305$2,200
$2,200
RENT COMPS ANALYSIS
  • 1968 S Belcher Rd Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.24
    •  
  • 3024 Huntington Dr Largo, FL 1
    • 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1962
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.35
    •  
  • 3438 Keene Park Dr Largo, FL 2
    • 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,266 Sqft ∙ Built 1969
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.26
    •  
  • 1107 Stephen Foster Dr Largo, FL 3
    • 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,489 Sqft ∙ Built 1963
    LEASED 01/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $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
Francis Schultz
1.813.625.0529
Align Right Realty Riverview
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280948
Last Updated: 12/25/2020
BESbswy