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2029 Whitney Dr Clearwater, FL 33760

3 Beds 2 Baths 1,661 sqft Built 1978

$339,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $204.64
  • 3 Days on Market
  • MLS # : U8110099
  • Updated Date : 01/16/2021 at 15:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,661 sqft
  • Baths : 2 full
Listing Agent

Dicus Harrison Realty

Listing Agent's Description

***HIGHEST AND BEST DUE 1PM SUNDAY THE 17th*** Prepare to be impressed with this beautiful move-in ready 3 Bedroom, 2 Bath Pool Home centrally located in Clearwater! Spectacular inside and out, located in a great Clearwater neighborhood! The minute you walk through the front door yaccessou will be blown away with the gorgeous plank Tile floors that lead you to each room. This home features an inviting Open floor plan with two living areas, dining room and interior laundry room. The master bedroom is a true retreat with an updated master bathroom remodeled with designer finishes. The other 2 bedrooms are spacious and share an updated bathroom. The remodeled kitchen with gorgeous wood cabinets and granite countertops, is open to the living and dining room and a perfect place for the chef of the family. The master bedroom is a true retreat with an updated master bathroom remodeled with designer finishes. The other 2 bedrooms are spacious and share an updated bathroom. You will enjoy entertaining in the serene backyard with a beautiful pool, large screened patio area with plenty of space to embrace the true Florida lifestyle. Too many upgrades to list but some include New Vinyl Fence 2018, 2008 Updated kitchen with Gas Range, Wood cabinets and granite counters, 2018 Tile Plank Flooring, 2020 Updated Bathrooms, 2018 Whole Home Solar Panels with an Electric bill under $11.00 a month, Tankless Water Heater, Propane Tank that is owned for Appliances and so much more. You can't beat this central location, NOT A FLOOD ZONE, minutes to local parks, easy to Tampa International Airport, close to US 19, restaurants, shopping and the beautiful Gulf Beaches. Schedule today as this one will not last!

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: 33760

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k238k

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

Zip Code: 33760

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
Frontier Elementary School Primary Regular 704 55 8
Oak Grove Middle School Middle Regular 1,071 65 3
Pinellas Park High School High Magnet 2,173 109 4

Frontier Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 55
8
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 1,071
  • # of teachers: 65
3
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,181
Property Tax -$429
Property Insurance -$133
Property Management Fees -$129
CASH FLOW
-$82

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.

$339,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.53%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$17,146

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,840

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,549
1$1,5492$1,6503$1,7904$1,8995$1,949
$1,949
RENT COMPS ANALYSIS
  • 2029 Whitney Dr Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.08
    •  
  • 15303 Bedford Cir E Clearwater, FL 1
    • 4 beds 2 baths ∙ 1,384 Sqft ∙ Built 1959 4 beds 2 baths ∙ 1,384 Sqft ∙ Built 1959
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.12
    •  
  • 15319 Bedford Cir E Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1959
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
  • 2997 164th Ave N Clearwater, FL 4
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1974
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.07
    •  
  • 15375 Hopedale Ln Clearwater, FL 5
    • 4 beds 4 baths ∙ 1,658 Sqft ∙ Built 1972 4 beds 4 baths ∙ 1,658 Sqft ∙ Built 1972
    LEASED 10/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.18
    •  
PROPERTY LISTING DETAILS
Lindsay Dicus Harrison
1.727.656.1584
Dicus Harrison Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110099
Last Updated: 01/16/2021
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