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PROPERTY INFO
FACTS
- Single Family
- Built In 1963
- Price/Sqft : $215.65
- 3 Days on Market
- MLS # : U8114516
- Updated Date : 02/26/2021 at 16:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,252 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Must check out this well-maintained family home featuring 3 bedrooms and 2 bathrooms. Some features & upgrading include; crown molding in entry way, living room, dining room & hallway. Large open kitchen with solid wood cabinets, granite counter tops, large farm sink and newer appliances with convection microwave. Home has 18x18 ceramic tile throughout; newer windows in all areas of home except rear family/bonus room. 6-foot vinyl fence encloses a huge backyard. Outback you will find a shed that is approximately the size of a one car garage: 6-zone irrigation/sprinkler system on well pump. Washer & Dryer are in garage that has been converted to a 3rd bedroom. Home features a large 10x30 screened porch/lanai overlooking your matured landscaping. This home is zoned for top rated schools. Located in flood zone "X", so no flood insurance required. This home is ideally located near restaurants, grocery stores, Countryside Mall, and the beaches of Honeymoon and Caladesi Islands which are in biking distance. Schedule your private showing today!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Zip Code: 33761
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33761
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$938 |
| Property Tax | -$356 | |
| Property Insurance | -$109 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$102
|
||
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.
$270,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$77,300
LOAN DETAILS
$938
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,500 |
| Loan Amount | $202,500 |
4.42
YEARS SAVED
$11,479
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,609
COMP ESTIMATED VALUE -
$1.29
COMP AVG. RENT PER SQFT
Comps Range
-
29761 Seacol St Clearwater, FL 1
- 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1963
- Rent
- Rent Per SQFT
- $1,430
- $1.14
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2257 Lemon Ct Dunedin, FL 2
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- $1,495
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3254 Pine Haven Dr Clearwater, FL 3
- 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,314 Sqft ∙ Built 1979
LEASED 08/28/20- Rent
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- $1,650
- $1.26
-
221 Morgan Ct Palm Harbor, FL 4
- 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1974
LEASED 02/16/21- Rent
- Rent Per SQFT
- $1,835
- $1.29
-
6903 301st Ave N Clearwater, FL 5
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1960
LEASED 09/07/20- Rent
- Rent Per SQFT
- $1,850
- $1.32
PROPERTY LISTING DETAILS
1.727.743.2333
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8114516
Last Updated: 02/26/2021
