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2633 Brandywine Dr Clearwater, FL 33761

3 Beds 2 Baths 1,824 sqft Built 1976

$397,500

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $217.93
  • 2 Days on Market
  • MLS # : U8105510
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,824 sqft
  • Baths : 2 full
Listing Agent

Ez Home Choice Llc

Listing Agent's Description

Location! Location! Location! This lovely pool home is located in the desireable Countryside community of Northwood Estates! This spacious home features an updated light and bright kitchen with lots of counterspace and new stainless steel appliances as well as 2 pantries! Kitchen is open to dining area and large family room complete with brick wood burning fireplace and vaulted ceilings! Off the family room is sliders to the covered screened lanai perfect for entertaining that flows to the screened sparkling pool with pavers and updated marcite. There is also a spacious living room and 3 nice sized bedrooms! The master bedroom has an en suite with a dressing area, standing shower and dual sinks! Inside laundry room and 2 car garage! C/H/A 2011, Roof 2005, H2O heater 2015, pool pump 2020, sprinkler pump 2020, appliances 2020. Great location close to shopping, restaurants, schools, entertainment and the Westfield mall! Add your finishing touches and this is a home to treasure for a lifetime! Relax by the pool or snuggle up by the fireplace! Welcome to paradise!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Northwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $75k504k

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

Neighborhood: Northwood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9052337

* 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
 

$357,750$437,250$397,500

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,467
Property Tax -$513
Property Insurance -$142
Property Management Fees -$80
CASH FLOW
$98

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.

$397,500

PROJECTED PRICE

$2,300

PROJECTED RENT

0.58%

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$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$111,088

INVESTMENT

$111,088

Down Payment
$99,375
Rehab Estimate
$5,750
Closing Costs
$5,963

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,467

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,375
Loan Amount $298,125
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$46,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $2,430

    COMP ESTIMATED VALUE
  • $1.33

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3454$2,6955$2,850
$2,850
RENT COMPS ANALYSIS
  • 2633 Brandywine Dr Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.26
    •  
  • 2512 Cypress Bend Dr W Clearwater, FL 1
    • 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1978
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.17
    •  
  • 3100 Blue Heron St Safety Harbor, FL 3
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1980
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,345
    • $1.36
    •  
  • 2975 Kenilwick Dr N Clearwater, FL 4
    • 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1976
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.38
    •  
  • 2965 Ambleglen Ct Clearwater, FL 5
    • 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.42
    •  
PROPERTY LISTING DETAILS
Roger Brennan
1.727.409.9550
Ez Home Choice Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105510
Last Updated: 11/22/2020
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