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2434 Old Coach Trl Clearwater, FL 33765

4 Beds 2 Baths 2,372 sqft Built 1984

$467,900

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $197.26
  • 4 Days on Market
  • MLS # : W7831001
  • Updated Date : 02/19/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,372 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Wonderful 4 bedroom, 2 bathroom, single story home in Clearwater. Upon arriving at this home, you are welcomed into a foyer that leads to a spacious living room/dining room combo with laminate floors, high ceilings, fireplace and a large sliding door that leads to the porch. The kitchen is equipped with ample cabinet and counter space, and a breakfast bar., Overlooking the kitchen is the family room with tile floors, and sliding doors to the porch. The primary bedroom features laminate floors, 2 walk-in closets, and an en suite bathroom with double sinks, soaking tub, and a large tiled walk-in shower. Outside, you can relax on your screened patio or splash around in your own private pool. Located in Clearwater, this home is convenient to shops, restaurants, and I-75 for an easy commute to Tampa and surrounding areas.

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

Neighborhood: Coachman Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $75k478k

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

Neighborhood: Coachman Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8782626

* 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
Mcmullen-booth Elementary School Primary Regular 729 58 3
Safety Harbor Middle School Middle Regular 1,319 75 5
Countryside High School High Regular 2,175 106 5

Mcmullen-booth Elementary School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 58
3
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
 

$421,110$514,690$467,900

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,625
Property Tax -$604
Property Insurance -$174
HOA -$8
Property Management Fees -$129
CASH FLOW
-$161

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.

$467,900

PROJECTED PRICE

$2,380

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$129,744

INVESTMENT

$129,744

Down Payment
$116,975
Rehab Estimate
$5,750
Closing Costs
$7,019

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,625

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,975
Loan Amount $350,925
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$19,057

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,396

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1503$2,1954$2,380
$2,380
RENT COMPS ANALYSIS
  • 2434 Old Coach Trl Clearwater, FL 4
    • 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,372 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.00
    •  
  • 14 Baywood Ave Clearwater, FL 1
    • 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
    •  
  • 3049 Prestige Dr Clearwater, FL 2
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1975 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1975
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.04
    •  
  • 1840 Oak Forest Dr W Clearwater, FL 3
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 1973
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.06
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7831001
Last Updated: 02/19/2021
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