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2661 Peachtree Cir E Clearwater, FL 33761

3 Beds 2 Baths 1,664 sqft Built 1977

$375,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $225.36
  • 5 Days on Market
  • MLS # : T3276410
  • Updated Date : 11/20/2020 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,664 sqft
  • Baths : 2 full
Listing Agent

Coastal Properties Group Inter

Listing Agent's Description

This is it, NO HOA, NO FLOOD ZONE! Just what you've been waiting for located in Cypress Bend of Countryside. Meticulously cared for 3 bedroom, 2 bath, 2 car side entry garage, and screened in pool home is ready for a new family to call this HOME! Brand NEW ROOF, mostly new windows, HVAC 5 years, new tankless H2O heater, water softener, new disposal, 2 year dishwasher, 6 years stove and fridge. Popular split floor plan which offers a formal living room with real wood floors that is open to the formal dining area with wainscoting which over looks the lanai and pool. Master has large walk in closet and spacious bathroom. 2 additional bedrooms are on other side of home and are ample size with good closet space. The family room has crown molding, laminate floors, a faux tin ceiling look and is currently being used as a dining room. Kitchen is located at the heart of the home between the family room and formal dining and living rooms and can be accessed from the pool area as well. The kitchen has maple cabinets, granite counters,updated appliances and a large pantry. Entertain friends in the birdcaged 16x33 heated pool with spillover spa. Extensive landscaping, sprinkler system, and shed on this wonderful lot. Location is perfect being centrally located to so many places and Countryside mall around the corner. Gulf of Mexico white, sandy beaches are 20 minutes away and Tampa International Airport is 25 minutes away.

SEE MORE

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: Cypress Bend

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350kPrice in $75k390k

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

Neighborhood: Cypress Bend

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052101

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,384
Property Tax -$484
Property Insurance -$133
Property Management Fees -$80
CASH FLOW
$159

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.

$375,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.60%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$52,174

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.35

    LIST RENT PER SQFT
  • $2,251

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,2003$2,2404$2,3955$2,850
$2,850
RENT COMPS ANALYSIS
  • 2661 Peachtree Cir E Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.35
    •  
  • 2720 Daniel St Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1963
    LEASED 05/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.35
    •  
  • 2512 Cypress Bend Dr W Clearwater, FL 2
    • 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
    •  
  • 2500 Cypress Bend Dr W Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1978
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.47
    •  
  • 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
Kelly Parks
1.517.812.9706
Coastal Properties Group Inter
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276410
Last Updated: 11/20/2020
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