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2134 Campus Dr Clearwater, FL 33764

4 Beds 3 Baths 1,787 sqft Built 1961

INVESTimate

$340,000

List Price

$1,940

$1,746 - $2,134

Rent Est.

$351,152  ( +3.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $190.26
  • 8 Days on Market
  • MLS # : U8095022
  • Updated Date : 08/21/2020 at 11:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,787 sqft
  • Baths : 3 full
Listing Agent

Professional Real Estate Mgmt

Listing Agent's Description

This wonderful 4/3 split floor plan has all the room you need! Newer windows throughout the home and four sliding glass doors that lead you out to an amazing screened in private pool deck. This home features a living room/dining room combo, that offers a lot of space for your entertaining needs. Off of the dining room is the lovely master bedroom, which has a large walk-in closet and an in suit bathroom. The galley kitchen has lots of cupboard space and a huge pantry. Off the kitchen there is more dining/office/den space that leads you to the other 3 bedrooms and 2 bathrooms. The main bathroom on the east side of the home is accessible from the pool deck too. The 4th bedroom has an in suit bathroom and has access to the garage. Laundry in the large 2 car garage. This home is ready for you to move in and update it with your personal touches! Close to shopping, restaurants and beaches. Easy access to north county, south county and Hillsborough county. Fast commute to both airports.

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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

Neighborhood: University Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $75k343k

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

Neighborhood: University Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,746$2,134$1,940

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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,254
Property Tax -$439
Property Insurance -$140
Property Management Fees -$80
CASH FLOW
$27

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.

$340,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.28%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$33,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,778

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9003$1,9004$1,9405$1,999
$1,999
RENT COMPS ANALYSIS
  • 2134 Campus Dr Clearwater, 4
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.09
    •  
  • 1845 Audubon St Clearwater, 1
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1952
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 2259 Harn Blvd Clearwater, 2
    • 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,920 Sqft ∙ Built 1965
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 1337 Weber Dr Clearwater, 3
    • 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 1962 4 beds 3 baths ∙ 1,972 Sqft ∙ Built 1962
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
  • 1978 Sandra Dr Clearwater, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Robyn Humphreys
1.727.447.5100
Professional Real Estate Mgmt
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8095022
Last Updated: 08/21/2020
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