Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5862 Toucan Pl Clearwater, FL 33760

3 Beds 2 Baths 1,797 sqft Built 1993

$314,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $175.24
  • 2 Days on Market
  • MLS # : T3281235
  • Updated Date : 12/19/2020 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,797 sqft
  • Baths : 2 full
Listing Agent

Home Town Realty, Inc.

Listing Agent's Description

Merry Christmas and Happy New Year. This is it, location, price, square footage and upgrades. Make this your best holiday's gift. Attractive open floor plan together with vaulted ceiling design on this *Remodeled* 3 bedrooms, 2 baths, plus enclosed lanai (added 184 additional sqft make it a 4th bedroom) in the heart of Pinellas County. Impressive design and features show it looks. An inviting kitchen with polished porcelain tile floors, shiny granite countertops, new sinks, tall facet, and stainless steel appliances. Home features all new sinks, all new facets, shiny porcelain tile floors, tile'd shower. Master bed is 12 x 15, with walkway, closet, walk-in closet, built-in shelving. All great size rooms with closets and built-in shelving. 2016 roof, oversized lot for your outdoor/gardening, yard already got tropical fruit trees for you to enjoy (sugar apples, jackfruit, mangoes). A wells system installed for irrigation. Rainforest Community is off Ulmerton Rd and 58th ST N, a very convenient location, minutes to Clearwater Beach, Tampa and St. Pete. Home improvement stores, grocery stores, restaurants and other amenities are nearby. New homes in the area are going above $350K. You won't find another one like this, this is truly a limited opportunity, schedule your showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Rainforest

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $75k329k

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

Neighborhood: Rainforest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781801

* 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
High Point Elementary School Primary Regular 725 64 3
Fitzgerald Middle School Middle Magnet 1,137 68 4
Pinellas Park High School High Magnet 2,173 109 4

High Point Elementary School

  • Education Level: Primary
  • # of students: 725
  • # of teachers: 64
3
GreatSchools Rating

Fitzgerald Middle School

  • Education Level: Middle
  • # of students: 1,137
  • # of teachers: 68
4
GreatSchools Rating

Pinellas Park High School

  • Education Level: High
  • # of students: 2,173
  • # of teachers: 109
4
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,162
Property Tax -$385
Property Insurance -$141
HOA -$11
Property Management Fees -$129
CASH FLOW
$253

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.

$314,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$55,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,165

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8993$2,0804$2,1005$2,500
$2,500
RENT COMPS ANALYSIS
  • 5862 Toucan Pl Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.16
    •  
  • 12732 Pineforest Way E Largo, FL 1
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 2002
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.11
    •  
  • 2997 164th Ave N Clearwater, FL 2
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1974
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.07
    •  
  • 5874 Patrick Ct Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1999
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.36
    •  
  • 1957 Promenade Way Clearwater, FL 5
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1990
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.28
    •  
PROPERTY LISTING DETAILS
Ty Lamthach
1.941.877.8677
Home Town Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281235
Last Updated: 12/19/2020
BESbswy