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2630 Gleneagles Dr Clearwater, FL 33761

3 Beds 2 Baths 1,648 sqft Built 1978

$365,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $221.48
  • 2 Days on Market
  • MLS # : U8103499
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

Century 21 East Lake Realty

Listing Agent's Description

Being Offered is a rare gem in Pinellas County. Behold this beautiful 3 bedroom Pool home that sits on nearly HALF and ACRE of land! Completely fenced and each neighbor that flanks your home has a HUGE lot too!! Epic privacy! Only a 2 minute drive to the Countryside Country Club! An expansive, vaulted birdcage encompasses the entire Pebbletech finished pool and pavered patio. Open your triple door sliders and you have an awesome entertaining venue! Inside you will find a true 3 bedroom, 3 way split plan. Again, Epic privacy! Vaulted ceilings in livingroom excentuates how spacious it is! Kitchen has been updates with Granite Countertops and Stainless appliances. Both bathrooms have been remodeled and newer Windows and doors through the entire home. Nicely sized laundry room, irrigation system on a Well and water softener are just a few bonuses this home offers. A/C is 2014 and Roof 2010. You are right around the corner from Eateries, Westfield (Countryside) Mall, Movie theaters, Homegoods, Clearwater Recreational Center and more! Out your rear gate is an extension of the Pinellas Trail loop currently being installed. Oh and yes this home is on a Cul de Sac! No through traffic! Get it before the sign goes up!!

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: Clubhouse Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $75k496k

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

Neighborhood: Clubhouse Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052519

* 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
Curlew Creek Elementary School Primary Regular 664 56 5
Safety Harbor Middle School Middle Regular 1,319 75 5
Countryside High School High Regular 2,175 106 5

Curlew Creek Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 56
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,347
Property Tax -$489
Property Insurance -$132
Property Management Fees -$80
CASH FLOW
-$58

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.

$365,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 3.3%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,970

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1.21

    LIST RENT PER SQFT
  • $2,019

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$1,635
1$1,6352$1,6503$1,8004$1,9905$2,000
$2,000
RENT COMPS ANALYSIS
  • 2630 Gleneagles Dr Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.21
    •  
  • 6910 297th Ave N Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,635
    • $1.17
    •  
  • 3254 Pine Haven Dr Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1979
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.26
    •  
  • 6765 298th Ave N Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1969
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.22
    •  
  • 3330 Fox Hill Dr Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 1980
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.25
    •  
PROPERTY LISTING DETAILS
Michelle Elsesser
1.727.743.4626
Century 21 East Lake Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103499
Last Updated: 11/03/2020
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