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

12705 Sagewood Dr Venice, FL 34293

3 Beds 3 Baths 1,700 sqft Built 2017

$314,900

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k297k

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

Zip Code: 34293

ZipNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11792260

* 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
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

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
$2,020
1$2,0202$2,1003$2,1004$2,3005$2,500
$2,500
RENT COMPS ANALYSIS
  • 12705 Sagewood Dr Venice, FL 1
    • 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,700 Sqft ∙ Built 2017
    • Rent
    • 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
Debbie Jones
1.941.228.2849
Re/max Anchor Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: D6115536
Last Updated: 12/23/2020
BESbswy