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$421,500

For Sale - Active
1320 Woodbine St, Clearwater, FL 33755
4 Beds
3 Baths
1,531 Square Feet
0.18 Acres Lot
Built in 1953
For Sale - Active
1 Units
Checked: 13 hours ago
Updated: Jun 24, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$706
Cap Rate
4.1%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.5%

Property Description


0.18 Acres Lot
Built in 1953
For Sale - Active
1 Units

This unique and updated home sits on a large lot and can be used as a multifamily rental or a multi-generational residence. The possibilities here are endless, with the home being divided into 2 living spaces! Live in the main house and use the back home for an income producing rental or rent out both! The main house consists of 3 bedrooms, and 1 and a half bathrooms. The back house has a separate entrance and consists of 1 bedroom, 1-bathroom, full kitchen, and lanai. Both "units" have separate kitchens and working appliances. ". There is a shared driveway with 2 parking spots for each home and street parking is legal. It’s in the heart of Pinellas County. There is no HOA, no community association and NO FLOOD INSURANCE required! The home has great bones with solid block and slab construction. You are a 5-minute drive to downtown Clearwater with its wonderful restaurants, breweries, farmers markets, award winning Honeymoon Island and dog beach and Clearwater Beach with its endless attractions and shopping. Be less than 30 minutes from Tampa International Airport! Don't miss out on the opportunity to live where others vacation. Close to restaurants, shopping, hospital, and entertainment. Don't miss out on the opportunity to own this home! Call today for your private showing.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 102915716940020150
  • Lot Size: 7771 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1953

Tax Information

  • Annual Tax: $3,258

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Pinellas

Listing Details


Listed by:
Manjur Ahmed
CHARLES RUTENBERG REALTY INC
(727) 320-6645

Source:
Stellar MLS
MLS#: U8223280
Stellar MLS

Investment Summary


Monthly Cash Flow
-$706
Cap Rate
4.1%
Cash-on-Cash Return
-8.7%
Debt Coverage Ratio
0.67
Internal Rate of Return (5 years)
-4.5%

Purchase Details

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Purchase price:
$421,500
Amount financed:
-$337,200
Down payment:
$84,300
Closing costs:
$12,645
Rehab costs:
$0
Initial cash invested:
$96,945
Square feet:
1,531
Cost per square foot:
$275
Monthly rent per square foot:
$1.63

Financing Details

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Loan amount:
$337,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,159
Property tax:
$272
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,606

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$272-$3,258
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$897-$10,758

Cash Flow


Monthly Yearly
Net operating income:
$1,453 $17,436
Mortgage payments:
-$2,159 -$25,908
Cash flow:
$706 $8,472