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

2067 Montclair Rd Clearwater, FL 33763

3 Beds 2 Baths 1,540 sqft Built 1981

$314,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $204.48
  • 3 Days on Market
  • MLS # : T3276085
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Don't miss this single story home in Sun Tree Estates! This home has been refreshed with new interior and exterior paint, new carpet in the bedrroms, and new fixtures and ceiling fans. Living/dining room upon entry and a family room and sun room at the back of the home. The kitchen features granite countertops and a full stainless steel appliance package. Split bedroom floorplan for added privacy. The primary bedroom has a full ensuite bathroom and large walk in closet. The other bedrooms are spacious. Private fenced backyard with a patio area. Vacant and ready for viewing, come see! Short distance to Montclair park, many golf courses, enterprise dog park , lazy lake and so much more!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 33763

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33763

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
Dunedin High School High Regular 1,517 76 4

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

Dunedin High School

  • Education Level: High
  • # of students: 1,517
  • # of teachers: 76
4
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,162
Property Tax -$406
Property Insurance -$126
Property Management Fees -$80
CASH FLOW
-$74

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.

$314,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.54%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$19,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,598
1$1,5982$1,6803$1,6954$1,7005$1,775
$1,775
RENT COMPS ANALYSIS
  • 2067 Montclair Rd Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 1975 Lansing Dr Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1980
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,598
    • $1.05
    •  
  • 1890 Seton Ct Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1979
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.18
    •  
  • 2068 Loma Linda Way N Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1973
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.17
    •  
  • 1838 Seton Dr Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1976
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.14
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276085
Last Updated: 11/14/2020
BESbswy