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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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33765
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$75,949
LOAN DETAILS
$977
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $66,225 |
| Loan Amount | $198,675 |
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
-
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
1.727.224.1234
Exp Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8105353
Last Updated: 12/03/2020
