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2164 Beverly Ln Clearwater, FL 33763

4 Beds 3 Baths 2,078 sqft Built 1983

$357,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $171.80
  • 3 Days on Market
  • MLS # : T3273835
  • Updated Date : 11/01/2020 at 18:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,078 sqft
  • Baths : 3 full
Listing Agent

Boardwalk Realty Associates, Llc

Listing Agent's Description

THIS BEAUTIFUL HOME will not last long.. is on a cul de sac that features 4 BED 3 BATH 2 CAR GARAGE and has an In law suite w/family room and separate entrance!!!! Has 2 Separate HVAC systems for InLaw Suite and rest of home, Split floor plan, with wood burning fire place in family room. Stainless Steel appliances, Enclosed Lania with screen and windows that can be used year round!! Has Solar heated Hot Water Heater!!!! Has Hurricane Shutter, Prewired with Outlet for whole house Generator, Nice vinyl fenced in yard. This Home is move in condition, well maintained by only one owner that SITS IN A QUIET NEIGHBORHOOD. It is close to gas stations, parks, schools, shopping, dining and entertainment. GREAT LOCATION!!

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: 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
Leila G Davis Elementary School Primary Regular 795 53 5
Safety Harbor Middle School Middle Regular 1,319 75 5
Dunedin High School High Regular 1,517 76 4

Leila G Davis Elementary School

  • Education Level: Primary
  • # of students: 795
  • # of teachers: 53
5
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
 

$321,300$392,700$357,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,317
Property Tax -$471
Property Insurance -$157
Property Management Fees -$80
CASH FLOW
$15

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.

$357,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.57%

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,355

INVESTMENT

$100,355

Down Payment
$89,250
Rehab Estimate
$5,750
Closing Costs
$5,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,250
Loan Amount $267,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$31,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$2,0404$2,0995$2,275
$2,275
RENT COMPS ANALYSIS
  • 2164 Beverly Ln Clearwater, FL 3
    • 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,078 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.98
    •  
  • 2101 Sun Tree Dr Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1981
    LEASED 09/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.05
    •  
  • 2140 Pine Ridge Dr Clearwater, FL 2
    • 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,179 Sqft ∙ Built 1970
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 2223 Springrain Dr Clearwater, FL 4
    • 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,020 Sqft ∙ Built 1988
    LEASED 01/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.04
    •  
  • 2080 Brendla Rd Clearwater, FL 5
    • 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,398 Sqft ∙ Built 1974
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.95
    •  
PROPERTY LISTING DETAILS
Earl Knighten
1.678.414.7888
Boardwalk Realty Associates, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273835
Last Updated: 11/01/2020
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