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$475,000

For Sale - Active
1566 Long St, Clearwater, FL 33755
4 Beds
2 Baths
1,793 Square Feet
0.22 Acres Lot
Built in 1972
For Sale - Active
1 Units
Checked: 15 hours ago
Updated: May 22, 2025 at 02:59PM

Investment Summary


Monthly Cash Flow
-$629
Cap Rate
4.6%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.7%

Property Description


0.22 Acres Lot
Built in 1972
For Sale - Active
1 Units

PRICE REDUCTION, SELLER MOTIVATED!! Beautifully updated 4-bedroom, 2-bath, 2-car garage home with a side entry garage. This executive residence features a large open floor plan and a spacious screened-in patio, perfect for dining and entertaining. The home includes four generously sized bedrooms, with the primary bedroom boasting a walk-in closet and a beautifully remodeled shower bath. Upgrades throughout the house consist of vinyl plank flooring throughout, all-new recessed lighting and ceiling fans. The kitchen showcases shaker-style cabinetry, solid surface countertops, and a large breakfast bar/island, complemented by stainless steel appliances. Stylish two-panel hollow core doors are installed throughout, including all closet doors. Both bathrooms have been updated with new vanities, toilets, and modern finishes and fixtures. This beautiful home is move-in ready and awaits your personal touches. Schedule an appointment to see this gem today!

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Location


Property Details


Parking

  • Description: Driveway, Guest
  • Details: Driveway, Guest, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # 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: 112915389610000170
  • Lot Size: 9387 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Florida
  • Year Built: 1972

Tax Information

  • Annual Tax: $7,327

Utilities

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

Location

  • County: Pinellas

Listing Details


Listed by:
Heather Breckenridge
REALTY EXPERTS
(727) 543-0596

Source:
Stellar MLS
MLS#: TB8338396
Stellar MLS

Investment Summary


Monthly Cash Flow
-$629
Cap Rate
4.6%
Cash-on-Cash Return
-6.9%
Debt Coverage Ratio
0.74
Internal Rate of Return (5 years)
-2.7%

Purchase Details

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Purchase price:
$475,000
Amount financed:
-$380,000
Down payment:
$95,000
Closing costs:
$14,250
Rehab costs:
$0
Initial cash invested:
$109,250
Square feet:
1,793
Cost per square foot:
$265
Monthly rent per square foot:
$1.95

Financing Details

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Loan amount:
$380,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,433
Property tax:
$611
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,289

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$611-$7,328
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,486-$17,828

Cash Flow


Monthly Yearly
Net operating income:
$1,804 $21,648
Mortgage payments:
-$2,433 -$29,196
Cash flow:
$629 $7,548