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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $185.24
- 5 Days on Market
- MLS # : D6115536
- Updated Date : 12/23/2020 at 15:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,700 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Anchor Realty
Listing Agent's Description
You will definitely be living the Florida dream with this Key West inspired home in the resort style of living in Grand Palm. This gorgeous home boasts 3 bedrooms 2 full baths and 1/2 bath downstairs. You will fall in love with the open floor plan that this home has. Cook in your kitchen with light Corian countertops and lovely dark wood cabinets with a nice size breakfast bar all while still entertaining your guests in the Living Room. The upstairs guest bedrooms are perfect as they feature a Jack and Jill bath in between the rooms. The Master suite includes a walk in closet, master bath with large shower and a lovely balcony to sit and enjoy your morning cup of coffee. You will have plenty to do in this community such as swimming in any of the resort style pools. There is also tennis, fishing, walking trails, dog park, playground, kayaking lake, pickle ball, recreational center and fitness center. If you fee like venturing out, this community is also close to area beaches, golf courses, shopping and restaurants. This home is a real gem! PLEASE SEE 3D TOUR ATTACHED.
SEE MORE
- 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: 34293
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34293
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$292 | |
| Property Insurance | -$140 | |
| HOA | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$172
|
||
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.
$314,900
PROJECTED PRICE
$2,020
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$89,199
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,725 |
| Loan Amount | $236,175 |
8.92
YEARS SAVED
$44,832
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$2,155
COMP ESTIMATED VALUE -
$1.27
COMP AVG. RENT PER SQFT
Comps Range
-
12705 Sagewood Dr Venice, FL 1
- 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2017
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- Rent Per SQFT
- $2,020
- $1.19
-
12792 Richezza Dr Venice, FL 2
- 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2015
LEASED 01/29/20- Rent
- Rent Per SQFT
- $2,100
- $1.25
-
12889 Richezza Dr Venice, FL 3
- 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 2015
LEASED 06/18/20- Rent
- Rent Per SQFT
- $2,100
- $1.25
-
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
1.941.228.2849
Re/max Anchor Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6115536
Last Updated: 12/23/2020
