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29761 Seacol St Clearwater, FL 33761

3 Beds 2 Baths 1,252 sqft Built 1963

$270,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
Curlew Creek Elementary School Primary Regular 664 56 5
Palm Harbor Middle School Middle Regular 1,375 75 6
Countryside High School High Regular 2,175 106 5

Curlew Creek Elementary School

  • Education Level: Primary
  • # of students: 664
  • # of teachers: 56
5
GreatSchools Rating

Palm Harbor Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 75
6
GreatSchools Rating

Countryside High School

  • Education Level: High
  • # of students: 2,175
  • # of teachers: 106
5
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

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

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

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
$1,430
1$1,4302$1,4953$1,6504$1,8355$1,850
$1,850
RENT COMPS ANALYSIS
  • 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
    •  
  • 2257 Lemon Ct Dunedin, FL 2
    • 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,179 Sqft ∙ Built 1974
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.27
    •  
  • 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
    • Rent Per SQFT
    •  
    • $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
Mary Schwegman
1.727.743.2333
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8114516
Last Updated: 02/26/2021
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