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

2357 Saint Charles Dr Clearwater, FL 33764

3 Beds 2 Baths 1,975 sqft Built 1966

$374,900

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1966
  • Price/Sqft : $189.82
  • 3 Days on Market
  • MLS # : U8102905
  • Updated Date : 11/01/2020 at 10:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,975 sqft
  • Baths : 2 full
Listing Agent

Re/max Elite Realty

Listing Agent's Description

The one you’ve been looking for! UPDATED 3 bedroom, 2 bath home situated on a corner lot with great curb appeal in the sought-after neighborhood of Morningside Estates. Fantastic split-bedroom layout with the kitchen at the center of the home. Great flow for entertaining; the dining area is conveniently located just off the kitchen and links the formal living room to the spacious family room. Beautiful, easy-maintenance tile throughout. The kitchen has been tastefully updated with 42” solid wood shaker cabinets, granite counter-tops, amazing stainless steel double basin farmhouse sink, recessed lighting, and all stainless steel appliances. A second, large, walk-in pantry offers additional storage space. The elevated breakfast bar opens the kitchen to the spacious family room which features French doors out to the lovely paver patio and lush grassy area of the fenced-in backyard. The master suite boasts his & hers closets and an en-suite bathroom. The 2nd bathroom has been newly renovated with an attractive dual sink vanity with granite countertop and is located on the other side of the home with the second and third bedrooms which are both nice-sized with large windows and ample closet space. Other key features include new impact windows, NEW AC & hot water heater (2019), Roof (2014), and no popcorn on ceilings. Morningside Estates is a great neighborhood with holiday events, community picnics, and pool parties. The remodeled Morningside Recreation Center includes a pool, splash pad, fitness center, tennis & basketball courts, and a park. No HOA fees or flood insurance! Centralized location near shopping and restaurants and just 7 miles away from the award-winning Clearwater Beach. Don’t miss this opportunity. Schedule your private showing today! To view the video tour use the following link: https://vimeo.com/473775182/06f0c5de3a

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: 33764

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $75k250k

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

Zip Code: 33764

ZipNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781857

* 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
Belcher Elementary School Primary Regular 673 50 4
Oak Grove Middle School Middle Regular 1,071 65 3
Clearwater High School High Regular 1,870 89 4

Belcher Elementary School

  • Education Level: Primary
  • # of students: 673
  • # of teachers: 50
4
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
 

$337,410$412,390$374,900

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,383
Property Tax -$484
Property Insurance -$151
Property Management Fees -$80
CASH FLOW
$92

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.

$374,900

PROJECTED PRICE

$2,190

PROJECTED RENT

0.58%

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$1.2M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,099

INVESTMENT

$105,099

Down Payment
$93,725
Rehab Estimate
$5,750
Closing Costs
$5,624

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,383

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,725
Loan Amount $281,175
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$42,326

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9003$2,0394$2,0505$2,190
$2,190
RENT COMPS ANALYSIS
  • 2357 Saint Charles Dr Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,975 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $1.11
    •  
  • 2259 Harn Blvd Clearwater, FL 1
    • 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
    •  
  • 14 Baywood Ave Clearwater, FL 2
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1974
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 1400 S Hercules Ave Clearwater, FL 3
    • 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1965 3 beds 2 baths ∙ 2,069 Sqft ∙ Built 1965
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,039
    • $0.99
    •  
  • 2194 Oak Grove Dr Clearwater, FL 4
    • 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,002 Sqft ∙ Built 1970
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.02
    •  
PROPERTY LISTING DETAILS
Dean Ribble
1.727.420.5549
Re/max Elite Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8102905
Last Updated: 11/01/2020
BESbswy