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11794 Tempest Harbor Loop Venice, FL 34292

4 Beds 3 Baths 1,903 sqft Built 2010

$325,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $170.78
  • 2 Days on Market
  • MLS # : N6113631
  • Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,903 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Guard Gated-Resort Community of Stoneybrook boasts this Exceptional 4 bedroom, 2.5 bath home. Gorgeous remodel includes High Wind Impact windows and sliders throughout the home with hurricane shutters and new A/C 2019. Trending plank tile flooring, high ceilings with crown molding, freshly painted in modern colors and an open concept floor plan! Fabulous kitchen has beautiful quartz counters, wood cabinetry, bar and large island with storage, designer lighting and all new stainless steel GE appliances. Oakwood stairs lead to the master suite and three generous size bedrooms. Expansive back-side yard includes stone patio, a high raised herb garden with benched seating, BBQ area, Fire-pit and a “Tiki” bar with dart board and TV mount for entertaining! Stoneybrook has all the resort type amenities from heated pool, spa, lighted tennis courts, clubhouse, gym, movie theater, basketball, baseball, soccer field, sand volleyball, playground and a splash park! Make this home in Paradise yours today!

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MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stoneybrook

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $121k409k

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

Neighborhood: Stoneybrook

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Taylor Ranch Elementary School Primary Regular 630 44 8
Venice Middle School Middle Regular 543 41 7
Venice High School High Regular 1,941 96 8

Taylor Ranch Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 44
8
GreatSchools Rating

Venice Middle School

  • Education Level: Middle
  • # of students: 543
  • # of teachers: 41
7
GreatSchools Rating

Venice High School

  • Education Level: High
  • # of students: 1,941
  • # of teachers: 96
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,129
Property Tax -$301
Property Insurance -$153
HOA -$159
Property Management Fees -$129
CASH FLOW
$339

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.1%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$54,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,174

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,1003$2,2104$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 11794 Tempest Harbor Loop Venice, FL 3
    • 4 beds 3 baths ∙ 1,903 Sqft ∙ Built 2010 4 beds 3 baths ∙ 1,903 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $1.16
    •  
  • 12644 Sagewood Dr Venice, FL 1
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2016
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 2180 Nettlebush Ln Venice, FL 2
    • 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2011
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
  • 12656 Sagewood Dr Venice, FL 4
    • 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,874 Sqft ∙ Built 2016
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.23
    •  
  • 11742 Tempest Harbor Loop Venice, FL 5
    • 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2006
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.34
    •  
PROPERTY LISTING DETAILS
Jessica Marsh
1.941.525.0373
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6113631
Last Updated: 01/31/2021
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