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2070 San Sebastian Way N Clearwater, FL 33763

3 Beds 2 Baths 1,708 sqft Built 1973

$229,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $134.60
  • 5 Days on Market
  • MLS # : T3281876
  • Updated Date : 12/26/2020 at 10:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,708 sqft
  • Baths : 1 full , 1 half
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

*Priced to Sell* Welcome Home! This beautifully updated 3-bedroom 2-bathroom home is the very best deal in a great neighborhood, less than 10 miles from Clearwater Beach! This open concept home is light and bright with brand new, beautiful LUXURY VINYL PLANK flooring throughout the living areas. The kitchen features beautiful, ALL-WOOD, shaker-style cabinets with soft-close hinges, bright and modern granite, and STAINLESS STEEL appliances. The detached garage has been converted into air conditioned living space that is ideal as a potential rental unit, IN-LAW SUITE, studio, workshop, or bonus room. The open floorplan provides plenty of space for everyone, and you'll just love entertaining guests on the large covered back patio. This home has been beautifully maintained both inside and out and also features FRESH PAINT, NEW CARPET, and so much more. Conveniently located close to shopping, restaurants, gyms, parks, and golf courses. Easy commute to downtown Clearwater, Dunedin, and the Tampa/St. Petersburg area. Schedule your showing today, before this one is gone!

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

Neighborhood: Valencia Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $62k238k

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

Neighborhood: Valencia Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8721649

* 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
Dunedin Elementary School Primary Regular 625 50 2
Dunedin Highland Middle School Middle Magnet 1,060 60 4
Dunedin High School High Regular 1,517 76 4

Dunedin Elementary School

  • Education Level: Primary
  • # of students: 625
  • # of teachers: 50
2
GreatSchools Rating

Dunedin Highland Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 60
4
GreatSchools Rating

Dunedin High School

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

$206,910$252,890$229,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$848
Property Tax -$297
Property Insurance -$136
HOA -$26
Property Management Fees -$129
CASH FLOW
$315

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.

$229,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.76%

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

12.75

YEARS SAVED

$54,054

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,947

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7503$1,7754$1,7995$2,000
$2,000
RENT COMPS ANALYSIS
  • 2070 San Sebastian Way N Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.02
    •  
  • 2068 Loma Linda Way N Clearwater, FL 1
    • 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 3
    • 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
    •  
  • 2131 Greenbriar Blvd Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,583 Sqft ∙ Built 1966
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.14
    •  
  • 65 Ventura Dr Dunedin, FL 5
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1963
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.11
    •  
PROPERTY LISTING DETAILS
Stephen Scott Pa
1.813.688.0068
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281876
Last Updated: 12/26/2020
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