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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

$1,570

$1,413 - $1,727

Rent Est.

$289,184  ( +3.28%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
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

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: Springdale

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $75k343k

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

Neighborhood: Springdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

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

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

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
$1,449
1$1,4492$1,5703$1,6354$1,6955$1,800
$1,800
RENT COMPS ANALYSIS
  • 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
Kathy Grams
1.727.259.9247
Bhhs Florida Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8095355
Last Updated: 08/24/2020
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