Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2835 Branch Creek Ave Clearwater, FL 33760

4 Beds 4 Baths 2,134 sqft Built 1995

$450,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $210.87
  • 3 Days on Market
  • MLS # : U8116378
  • Updated Date : 03/27/2021 at 07:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 3 full , 1 half
Listing Agent

Eagle Crest Realty

Listing Agent's Description

Living is easy in this quaint home surrounded by lush tropical plants and palm trees.This one is an absolute stunner! Situated on a quiet neighborhood street, this unique executive home with side entrance, 2 car garage is surrounded by mature landscaping and new sod. Grand entrance with beautiful hardwood floors and 10' ceilings throughout. Gorgeous crown molding & designer interior paint colors.Other recent updates include , New Roof 05 Jun 2019. New HVAC 16 Sep 2020. Completely remodeled kitchen is truly gourmet - granite countertops/back splash, top quality cabinets, sink, stainless steel high end appliances. Island adds valuable counter space & large pot storage, two convenient pantries, & a cozy breakfast nook. Unique 3-way split floor plan puts bedrooms/bathrooms in corners of house, offering privacy for in-laws, house guests or teenagers. Clean 2 car garage/attic offers lots of storage. 4th bedroom makes great home office. All bedrooms are large. The master bedroom & bath features dual closets and vanities, garden bathtub with separate shower stall. House offers ceramic tile in kitchen/family room & beautiful hardwood floors in living/dining and master suite. Beautiful backyard is perfect for lounging or entertaining. Pavers with integrated fire-pit & lush landscaping. House sits on large 68 x 126 corner lot with empty lot next door. Situated in neighborhood of homes all built in 1995 by Donaldson Homes. Centrally located to all Tampa Bay has to offer. A 20 minute drive will take you to beach, sporting events, and 2 major airports. Look no further, this home has everything you are searching for!

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

Zip Code: 33760

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220kPrice in $70k238k

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

Zip Code: 33760

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781649

* 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
Frontier Elementary School Primary Regular 704 55 8
Oak Grove Middle School Middle Regular 1,071 65 3
Pinellas Park High School High Magnet 2,173 109 4

Frontier Elementary School

  • Education Level: Primary
  • # of students: 704
  • # of teachers: 55
8
GreatSchools Rating

Oak Grove Middle School

  • Education Level: Middle
  • # of students: 1,071
  • # of teachers: 65
3
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,563
Property Tax -$550
Property Insurance -$160
HOA -$23
Property Management Fees -$129
CASH FLOW
$45

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.

$450,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$36,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,043

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$2,1003$2,2004$2,4705$2,499
$2,499
RENT COMPS ANALYSIS
  • 2835 Branch Creek Ave Clearwater, FL 4
    • 4 beds 4 baths ∙ 2,134 Sqft ∙ Built 1995 4 beds 4 baths ∙ 2,134 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $1.16
    •  
  • 2919 166th Ave N Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,866 Sqft ∙ Built 1977
    property image
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.80
    •  
  • 1817 Laurence Ct Clearwater, FL 2
    • 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,286 Sqft ∙ Built 1986
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 1849 Sunrise Blvd Clearwater, FL 3
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 2003
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 2246 Westbury Ave Clearwater, FL 5
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 1978
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $1.10
    •  
PROPERTY LISTING DETAILS
Romulo Soares
1.727.623.1399
Eagle Crest Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8116378
Last Updated: 03/27/2021
BESbswy