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
1227 Paradise Way 
Venice, FL
34285
3 Beds 2 Baths 1,567 sqft
Built 1978
INVESTimate
$279,900
List Price
$79,924
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1978
- Price/Sqft : $178.62
- 3 Days on Market
- MLS # : N6111567
- Updated Date : 08/24/2020 at 14:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,567 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
WELCOME to PINEBROOK SOUTH! **CLICK the LINK for the 3-D VIRTUAL TOUR** 3 BEDROOMS, 2 BATHS, 2 CAR GARAGE in one of the most sought after neighborhoods in Venice. Very well maintained, neat & clean and ready to move into. This home has a SPLIT-BEDROOM LAYOUT which is great for privacy and actually gives you two Master suites with generous walk-in closets. The KITCHEN was updated in 2018 with new cabinets and wonderful quartz counters. There are multiple sliders that lead you out to the screened in Lanai, positioned perfectly for those Florida Sunsets. PLANTATION SHUTTERS in most rooms, Very nice curb appeal, this home has been well cared for! HOA fees are low and include the use of the Community Clubhouse, Heated Pool, Kayak & Canoe BOAT LAUNCH on Curry Creek that leads you right into the open water of the Gulf of Mexico. Get ready for sunny Florida living! Located minutes to Venice Downtown, Venice Beach, shopping, restaurants, theatres, I-75, Tampa & Ft. Myers airports. This is the place to be!
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Pinebrook South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pinebrook South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$303 | |
| Property Insurance | -$132 | |
| HOA | -$31 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$151
|
||
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.
$279,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.80% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
8.83
YEARS SAVED
$39,778
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,732
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
1227 Paradise Way Venice, 4
- 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $1,730
- $1.10
-
1044 Roberta St Venice, 1
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1960
![property image]()
LEASED 04/03/19- Rent
- Rent Per SQFT
- $1,250
- $0.90
-
720 Pineland Ave Venice, 2
- 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 1976
![property image]()
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,550
- $1.06
-
711 Aljohn St Nokomis, 3
- 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1980
![property image]()
LEASED 05/08/19- Rent
- Rent Per SQFT
- $1,600
- $1.25
-
1028 Laurel Ave Venice, 5
- 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1998
![property image]()
LEASED 04/30/19- Rent
- Rent Per SQFT
- $1,800
- $1.21
PROPERTY LISTING DETAILS
1.941.525.4377
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6111567
Last Updated: 08/24/2020
