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2960 Meadow Oak Dr S Clearwater, FL 33761

4 Beds 2 Baths 1,937 sqft Built 1976

$399,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $206.45
  • 3 Days on Market
  • MLS # : T3289676
  • Updated Date : 02/12/2021 at 12:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,937 sqft
  • Baths : 2 full
Listing Agent

Century 21 Elite Locations, Inc

Listing Agent's Description

Spacious 4 bedrooms, 2 baths pool home on large corner lot in the desirable Timber Ridge neighborhood of Countryside. Great layout with split bedroom floor plan! French doors leading to the lanai from the master bedroom. Separate entrance from the lanai to the bathroom. Extra large windows in all rooms bringing in natural light. Fully pavered backyard. Come make this beautiful home your own!!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33761

ZipNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $75k343k

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

Zip Code: 33761

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052181

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,389
Property Tax -$516
Property Insurance -$149
Property Management Fees -$129
CASH FLOW
$217

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.

$399,900

PROJECTED PRICE

$2,400

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$25k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$51,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,620

    COMP ESTIMATED VALUE
  • $1.35

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4283$2,6954$2,8505$2,895
$2,895
RENT COMPS ANALYSIS
  • 2960 Meadow Oak Dr S Clearwater, FL 1
    • 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,937 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.24
    •  
  • 102 Jasmine Cir Safety Harbor, FL 2
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1979
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,428
    • $1.33
    •  
  • 2975 Kenilwick Dr N Clearwater, FL 3
    • 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 4
    • 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
    •  
  • 2911 Mill Stream Ct Clearwater, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Samer Samhoury
1.813.853.2780
Century 21 Elite Locations, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289676
Last Updated: 02/12/2021
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