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

2201 Arlington Pl Clearwater, FL 33765

4 Beds 2 Baths 1,505 sqft Built 1962

$264,900

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $176.01
  • 13 Days on Market
  • MLS # : U8105353
  • Updated Date : 12/03/2020 at 20:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,505 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Located on a spacious corner location in Sunny Clearwater this concrete block home offers Four bedrooms, two bathrooms, and a bonus room of rear of home. His and her sheds, with electricity in HIS and set up as a work shop... Very cozy home !!! Adorable, very nice & functional kitchen. The garage has been converted into a huge room that could be the master (19.5 x 14.5 ). The seller's used it as their sons room/ Playroom or it would make a great office !! It does have a nice size closet so is considered a true bedroom. This is a great family home ! There are many updates including New soffits around the house and some exterior painting. Selling AS IS for seller convenience. Electric panel is old tube and wire AS IS. Approximate ages of major systems are as follows: Roof 2007 / AC 2012 / Water heater 2008 . The washer and dryer do not convey. This home will not last !!!!! Bring your furniture, WELCOME HOME !!!!! If are looking for a fast close date/ Seller's can accommodate

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33765

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $75k277k

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

Zip Code: 33765

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
Eisenhower Elementary School Primary Regular 759 55 2
Safety Harbor Middle School Middle Regular 1,319 75 5
Clearwater High School High Regular 1,870 89 4

Eisenhower Elementary School

  • Education Level: Primary
  • # of students: 759
  • # of teachers: 55
2
GreatSchools Rating

Safety Harbor Middle School

  • Education Level: Middle
  • # of students: 1,319
  • # of teachers: 75
5
GreatSchools Rating

Clearwater High School

  • Education Level: High
  • # of students: 1,870
  • # of teachers: 89
4
GreatSchools Rating
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$977
Property Tax -$342
Property Insurance -$109
Property Management Fees -$129
CASH FLOW
-$147

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.

$264,900

PROJECTED PRICE

$1,410

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4103$1,5494$1,5505$1,685
$1,685
RENT COMPS ANALYSIS
  • 2201 Arlington Pl Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,254 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.12
    •  
  • 2447 Whitman St Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,223 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,223 Sqft ∙ Built 1958
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
  • 301 Evelyn Ave Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,301 Sqft ∙ Built 1960
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.19
    •  
  • 2329 Ella Pl Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,370 Sqft ∙ Built 1959
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.13
    •  
  • 300 Kilmer Ave Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,437 Sqft ∙ Built 1958
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $1.17
    •  
PROPERTY LISTING DETAILS
Karen Vommaro
1.727.224.1234
Exp Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105353
Last Updated: 12/03/2020
BESbswy