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3277 Pine Haven Dr 
Clearwater, FL
33761
4 Beds 2 Baths 1,304 sqft
Built 1979
INVESTimate
$280,000
List Price
$79,950
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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $214.72
- 3 Days on Market
- MLS # : U8095355
- Updated Date : 08/24/2020 at 22:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,304 sqft
- Baths : 2 full
Listing Agent
Bhhs Florida Properties Group
Listing Agent's Description
Countryside- This 4 bed 2 bath 2 car garage home has an eat in kitchen and inside utility room. This home is on a corner lot and has a fenced yard. Newer tile floors throughout, newer paint and roof 2016, AC 2013. This cute home will not last long! Close to shopping, restaurants, banks and more.
SEE MORE
- 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: Springdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Springdale
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$361 | |
| Property Insurance | -$112 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
-$16
|
||
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.
$280,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.27% |
| Appreciation Year (1-5) | 3.28% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.26% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
6.17
YEARS SAVED
$23,062
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$1,578
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
3277 Pine Haven Dr Clearwater, 2
- 4 beds 2 baths ∙ 1,304 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,304 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,570
- $1.20
-
3263 Marigold Dr Clearwater, 1
- 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,122 Sqft ∙ Built 1979
LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,449
- $1.29
-
6910 297th Ave N Clearwater, 3
- 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1972
LEASED 02/23/20- Rent
- Rent Per SQFT
- $1,635
- $1.17
-
319 Scott Ct Palm Harbor, 4
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1974
LEASED 12/17/19- Rent
- Rent Per SQFT
- $1,695
- $1.16
-
6765 298th Ave N Clearwater, 5
- 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,473 Sqft ∙ Built 1969
LEASED 01/23/20- Rent
- Rent Per SQFT
- $1,800
- $1.22
PROPERTY LISTING DETAILS
1.727.259.9247
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8095355
Last Updated: 08/24/2020
