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2760 Wildwood Dr Clearwater, FL 33761

4 Beds 3 Baths 2,689 sqft Built 1974

$499,000

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $185.57
  • 2 Days on Market
  • MLS # : U8110093
  • Updated Date : 01/16/2021 at 04:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,689 sqft
  • Baths : 3 full
Listing Agent

Re/max All Star

Listing Agent's Description

Amazing 4/3/2 located in sought after Countryside neighborhood! Pride of ownership shows in every room of this beautifully updated and well maintained home. Three way split floor plan makes for a great family living space. All rooms are ample size including plenty of storage and large closets. Features include ceramic tile floors throughout, updated windows, blinds and window treatments, bonus room off family room, spacious inside utility, water heater replaced in 2018 and ac replaced in 2013. The beautiful kitchen has updated cabinets, granite countertops, breakfast bar, stainless appliances, closet pantry and is conveniently adjacent to family room. Master bedroom is complete with plenty of closet space which includes a 6 x 8 walk in closet. There is a luxurious garden master bath with jacuzzi tub, separate shower and beautiful cabinetry. The 2nd bedroom has it own bath making it perfect for in-law suite if needed. Two car garage with oversized driveway for additional parking. Fenced back yard is ample size with room for pool, shed for extra storage, and patio with canopy for relaxing or entertaining. No Hoa fees, deed restrictions, or flood insurance requirement. Close proximity to all amenities Countryside community has to offer including Library, shopping, restaurants, places of worship, rec center, Pinellas trail, and schools. Nothing to do but move into this lovely home. Take a look today!!!

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: Oak Forest of Countryside

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $75k510k

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

Neighborhood: Oak Forest of Countryside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $9052373

* 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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$1,733
Property Tax -$644
Property Insurance -$193
Property Management Fees -$129
CASH FLOW
$41

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.

$499,000

PROJECTED PRICE

$2,740

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$40,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,740

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,245

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7403$2,7954$3,500
$3,500
RENT COMPS ANALYSIS
  • 2760 Wildwood Dr Clearwater, FL 2
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $2,740
    • $1.02
    •  
  • 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
    •  
  • 1005 Chatham Ct Safety Harbor, FL 4
    • 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,659 Sqft ∙ Built 1987
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.32
    •  
PROPERTY LISTING DETAILS
Diane Basler
1.727.560.5300
Re/max All Star
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110093
Last Updated: 01/16/2021
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