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2427 Bond Ave Clearwater, FL 33759

4 Beds 3 Baths 2,643 sqft Built 1988

$500,000

List Price

$3,240

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $189.18
  • 2 Days on Market
  • MLS # : W7831704
  • Updated Date : 03/13/2021 at 12:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,643 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Location! Location! Location! This lovely home has it all! 4 bedrooms, 3 bathrooms, SWIMMING POOL, 3 CAR GARAGE, FENCED YARD with flowing Palm trees, located in the heart of desirable Countryside, highly sought after community of COUNTRYPARK nestled on a very PRIVATE 1/4 ACRE + CUL-DE-SAC lot. First time on the market in 29 years! TILE ROOF new in Sept 2014. A/C new in Nov 2012. POOL resurfaced and paved pool deck approx 2010. Newer skimmer. Double door entry to formal living room overlooking pool. Formal dining room separate. Kitchen features breakfast bar, eating space open to family room with views of the private back yard and pool area. Appliances include Refrigerator, Range, Dishwasher, Washer and Dryer. Transferrable Sears appliance contract. Wood burning fireplace and dry bar in family room. Spacious master bedroom suite, private bathroom, double sinks, walk in shower, garden tub, walk in closet. Wide doorways. Large laundry room includes sink, shelving washer and dryer. Private fenced back yard. Enjoy the large 9'5x25' covered lanai space in pool area. Pavers. 3 car garage 24'5"x29'7". Hurricane drapes for pool lanai area. Hurricane protection for dinette windows. Conveniently located near restaurants and mall. 5 minutes to an incredible dog park with acres of space. Approx 20 min to Tampa International Airport, Dunedin Beach and Clearwater Beach. Hurry!

SEE MORE

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

Zip Code: 33759

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $75k238k

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

Zip Code: 33759

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781787

* 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
Countryside High School High Regular 2,175 106 5

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

Countryside High School

  • Education Level: High
  • # of students: 2,175
  • # of teachers: 106
5
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,916$3,564$3,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,240
EXPENSES Loan Payment -$1,737
Property Tax -$667
Property Insurance -$190
HOA -$11
Property Management Fees -$129
CASH FLOW
$506

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.

$500,000

PROJECTED PRICE

$3,240

PROJECTED RENT

0.65%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$86,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,240

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $3,548

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$3,240
1$3,2402$3,5003$3,5004$3,5005$4,000
$4,000
RENT COMPS ANALYSIS
  • 2427 Bond Ave Clearwater, FL 1
    • 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,643 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $3,240
    • $1.23
    •  
  • 1005 Chatham Ct Safety Harbor, FL 2
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1987
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
  • 114 Irwin St E Safety Harbor, FL 3
    • 4 beds 4 baths ∙ 2,882 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,882 Sqft ∙ Built 2006
    LEASED 02/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.21
    •  
  • 3057 Homestead Ct Clearwater, FL 4
    • 4 beds 4 baths ∙ 2,436 Sqft ∙ Built 1990 4 beds 4 baths ∙ 2,436 Sqft ∙ Built 1990
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.44
    •  
  • 166 Woodcreek Dr N Safety Harbor, FL 5
    • 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,859 Sqft ∙ Built 1989
    LEASED 02/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.40
    •  
PROPERTY LISTING DETAILS
Brenda Godsey
1.727.992.9883
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831704
Last Updated: 03/13/2021
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