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2984 Clubhouse Dr W Clearwater, FL 33761

4 Beds 3 Baths 2,479 sqft Built 1977

$479,900

List Price

$2,750

$2.5K - $3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $193.59
  • 3 Days on Market
  • MLS # : U8115384
  • Updated Date : 03/06/2021 at 16:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,479 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful 4 bedroom, 3 bathroom, 2 car garage pool home located in a sought out area nestled on an oversized lot (.27 acres). The home features a formal living room, formal dining room, family room with inviting fireplace, open and spacious kitchen with tons of cabinets and counter space, center island, newer stainless steel appliances, solid surface counters, ceramic wood floors. Master Bedroom has a private bathroom, walk in closet and dressing area. The additional 3 bedrooms are generous in size, updated guest bathrooms. Step outside onto the oversized lanai/patio area to include the screen enclosed pool. A great place for entertaining! Huge back yard completely fenced with new vinyl fencing, sprinkler system with inground well, New Roof 12/2020, HVAC system 2014. Call today to view this gorgeous home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Clubhouse Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $75k496k

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

Neighborhood: Clubhouse Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9052519

* 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
Safety Harbor Middle School Middle Regular 1,319 75 5
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

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
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,475$3,025$2,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,750
EXPENSES Loan Payment -$1,667
Property Tax -$619
Property Insurance -$181
Property Management Fees -$129
CASH FLOW
$154

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.

$479,900

PROJECTED PRICE

$2,750

PROJECTED RENT

0.57%

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$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$50,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,750

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $2,981

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7503$2,7954$2,8955$2,999
$2,999
RENT COMPS ANALYSIS
  • 2984 Clubhouse Dr W Clearwater, FL 2
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.11
    •  
  • 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
    •  
  • 2911 Mill Stream Ct Clearwater, FL 4
    • 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
    •  
  • 2677 Clubhouse Dr N Clearwater, FL 5
    • 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1977 4 beds 2 baths ∙ 2,430 Sqft ∙ Built 1977
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,999
    • $1.23
    •  
PROPERTY LISTING DETAILS
Sandy Papadakis
1.727.463.7653
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8115384
Last Updated: 03/06/2021
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