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913 Jones St Clearwater, FL 33755

3 Beds 2 Baths 1,226 sqft Built 1995

$227,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $185.15
  • 3 Days on Market
  • MLS # : U8112358
  • Updated Date : 02/06/2021 at 17:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,226 sqft
  • Baths : 2 full
Listing Agent

Barefoot Realty Group

Listing Agent's Description

What a great location! This 3 bed/2 bath concrete block home built in 1995 is located one block from Plaza Park and a short walk to the Pinellas Trail. Downtown Clearwater and the beaches are minutes away. With more than 1,200 sq ft. of living space, the home features a new roof in 2017, large kitchen with room for large dining table and easy-care tile floors throughout. Large bedrooms with one master suite with bath. Two additional bedrooms with guest bath. The home is situated on a very large lot with alley access. There's room to park several vehicles, add a swimming pool or enjoy the outdoors! Beautiful mature trees give shade. Two-car driveway. No HOA fees! Not in flood zone. This home would make a great investment as a rental property or vacation home just as it is or to remodel into a dream home. There are many possibilities! 24 hr. notice to show. Cash or Conventional financing. Proof of funds or lender pre-approval letter needed with contract.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33755

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 33755

ZipNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391649

* 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
Sandy Lane Elementary School Primary Regular 416 44 1
Dunedin Highland Middle School Middle Magnet 1,060 60 4
Clearwater High School High Regular 1,870 89 4

Sandy Lane Elementary School

  • Education Level: Primary
  • # of students: 416
  • # of teachers: 44
1
GreatSchools Rating

Dunedin Highland Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 60
4
GreatSchools Rating

Clearwater High School

  • Education Level: High
  • # of students: 1,870
  • # of teachers: 89
4
GreatSchools Rating
 

$204,300$249,700$227,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$788
Property Tax -$293
Property Insurance -$107
Property Management Fees -$129
CASH FLOW
$42

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.

$227,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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$800k

PROJECTED ANNUAL CASH FLOW

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

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$65,905

INVESTMENT

$65,905

Down Payment
$56,750
Rehab Estimate
$5,750
Closing Costs
$3,405

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$788

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,750
Loan Amount $170,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$18,982

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,504

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3603$1,4994$1,500
$1,500
RENT COMPS ANALYSIS
  • 913 Jones St Clearwater, FL 2
    • 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,226 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.11
    •  
  • 1473 Cleveland St Clearwater, FL 1
    • 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,097 Sqft ∙ Built 2002
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.23
    •  
  • 1324 Jeffords St Clearwater, FL 3
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1983
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.23
    •  
  • 1333 S Madison Ave Clearwater, FL 4
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2006
    property image
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.22
    •  
PROPERTY LISTING DETAILS
Charity Cicardo
1.727.692.4559
Barefoot Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8112358
Last Updated: 02/06/2021
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