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2457 Claymore St Odessa, FL 33556

3 Beds 3 Baths 2,193 sqft Built 2018

$349,900

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $159.55
  • 2 Days on Market
  • MLS # : O5931494
  • Updated Date : 03/20/2021 at 12:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,193 sqft
  • Baths : 2 full , 1 half
Listing Agent

Compass Florida, Llc

Listing Agent's Description

Welcome this amazing corner home located at the highly desired community of Asturia. The Ortega design by Ashton woods is a beautifully designed home with lots of natural lighting that offers spacious kitchen with 42’ comes with a gas stove, designer cabinets, granite countertops, and a large walk in pantry adjacent is a nook area perfect for gathering. Overseeing the kitchen is family room perfecting for entertaining friends and family as well as a covered lanai. A convenient half bath is conveniently located on the main level. This home has a rear load 2 car garage with a drop zone. Upstairs you will find all 3 bedrooms and a well-appointed master bedroom with dual sinks and walk-in shower and also the convenience of the laundry room on the same level. Enjoy the amazing Florida lifestyle with a resort style community pool, nature trails, dog park all near top rated A schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33556

ZipNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k463k

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

Zip Code: 33556

ZipNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052535

* 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
Odessa Elementary School Primary Regular 836 56 8
Seven Springs Middle School Middle Regular 1,442 88 9
James W. Mitchell High School High Regular 1,892 117 7

Odessa Elementary School

  • Education Level: Primary
  • # of students: 836
  • # of teachers: 56
8
GreatSchools Rating

Seven Springs Middle School

  • Education Level: Middle
  • # of students: 1,442
  • # of teachers: 88
9
GreatSchools Rating

James W. Mitchell High School

  • Education Level: High
  • # of students: 1,892
  • # of teachers: 117
7
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,215
Property Tax -$538
Property Insurance -$164
HOA -$80
Property Management Fees -$129
CASH FLOW
$134

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.

$349,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$37,082

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,286

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2603$2,3004$2,3005$2,325
$2,325
RENT COMPS ANALYSIS
  • 2457 Claymore St Odessa, FL 2
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $1.03
    •  
  • 14984 Renaissance Ave Odessa, FL 1
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2018
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 14800 Caravan Ave Odessa, FL 3
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 15150 Renaissance Ave Odessa, FL 4
    • 3 beds 2 baths ∙ 2,105 Sqft ∙ Built 2020 3 beds 2 baths ∙ 2,105 Sqft ∙ Built 2020
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.09
    •  
  • 2536 Portico St Odessa, FL 5
    • 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,191 Sqft ∙ Built 2017
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.06
    •  
PROPERTY LISTING DETAILS
Ali Mazahaem Flores
1.407.485.4177
Compass Florida, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931494
Last Updated: 03/20/2021
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