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2643 Clubhouse Dr S Clearwater, FL 33761

4 Beds 3 Baths 2,291 sqft Built 1977

$429,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $187.25
  • 4 Days on Market
  • MLS # : U8115088
  • Updated Date : 03/04/2021 at 19:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,291 sqft
  • Baths : 3 full
Listing Agent

Re/max Realtec Group Inc

Listing Agent's Description

Welcome to this 4 bedroom, 3 bath, pool home in the desirable Countryside area. Situated on an oversized 0.3 acre lot with privacy and no rear neighbors. The double front doors bring you into the fantastic 3-way split floorplan flooded with natural light in every room. The updated kitchen includes solid Maple cabinetry with upper/lower crown molding, under cabinet lighting and Granite countertops feature a beverage center with wine fridge, SS appliances and cabinet pantry. The breakfast bar overlooks the Family Room with a view of the beautiful backyard and pool. The formal Living Room/Dining Room combo have a generous hurricane impact window and view of the front. The Master Bedroom has a walk-in closet, secondary closet and beauty vanity prior to entering the en suite bathroom. A jack and jill bath separate two other bedrooms while the fourth has its own bathroom across the hall; perfect for guests. Infinity sliding glass doors bring you onto the screen patio with panoramic views of the pool, pavered deck and giant fenced backyard. Whether looking for an area for your pets, a playground for children or a master grill station for the perfect summer BBQ, this yard is for you! Other updates are: AC with UV light anti-bacterial system (2017), new pool pump, some hurricane impact windows, water softener, newer 30-year shingle roof and flat roof (2012), solar panels for the water heater and pool and updated electric panel. This home is ready for a new owner to make their own finishing touches. Nestled within a short distance of the Countryside Country Club & Golf Course, the newly renovated Pinellas County Trail, award-winning restaurants and shops, microbreweries, community festivals and markets & the famous Honeymoon Island and Caladesi Island State Park.

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

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
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,490
Property Tax -$554
Property Insurance -$170
Property Management Fees -$129
CASH FLOW
$328

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.

$429,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.62%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,490

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$64,245

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $2,755

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6703$2,7954$2,8955$2,999
$2,999
RENT COMPS ANALYSIS
  • 2643 Clubhouse Dr S Clearwater, FL 2
    • 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,291 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $1.17
    •  
  • 3371 Lake Shore Ln Clearwater, FL 1
    • 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,345 Sqft ∙ Built 1986
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.11
    •  
  • 3501 Landmark Trl Palm Harbor, FL 3
    • 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,357 Sqft ∙ Built 1985
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $1.19
    •  
  • 2911 Mill Stream Ct Clearwater, FL 4
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1976
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.28
    •  
  • 2677 Clubhouse Dr N Clearwater, FL 5
    • 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1977
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $1.23
    •  
PROPERTY LISTING DETAILS
Stephanie Hensley
1.727.741.5251
Re/max Realtec Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115088
Last Updated: 03/04/2021
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