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13150 Amerigo Ln Venice, FL 34293

4 Beds 3 Baths 2,254 sqft Built 2016

$399,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $177.02
  • 5 Days on Market
  • MLS # : A4482713
  • Updated Date : 11/07/2020 at 19:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,254 sqft
  • Baths : 3 full
Listing Agent

Exit King Realty

Listing Agent's Description

Enjoy the European flair of this well-maintained WATERFRONT home, located inside the Tuscan inspired Gran Paradiso Community. This is RESORT STYLE, MAINTENANCE-FREE living at its best! This 4-year-old Tivoli model boasts 4 bedrooms, 3 full baths, and a 3 car garage. Entertaining guests is a dream in the large great room and separate dining room, complete with crown molding. No gourmet kitchen is complete without GRANITE countertops, WOOD CABINETS, and STAINLESS STEEL appliances. The diagonally laid PORCELAIN TILE throughout is just one of the many extra details. The master bedroom includes a huge walk-in closet. The en-suite bathroom is complete with dual sinks, a shower, and a deep soaking tub. Enjoy the backyard views of the LAKE and birds from this screened-in lanai. The garage has ample room for storage and two cars. There are hurricane shutters for all windows and doors, plus rain gutters surrounding the home. There is something for everyone at the Gran Paradiso including a pool, spa, clubhouse, library, meeting rooms, craft room, billiards, ping pong, card room, impressive gym, aerobics room, aerobics classes, sauna, steam room, lockers, tennis, pickleball, basketball, playground, bike and golf cart paths, and an extensive calendar of community activities, parties, and events! With over 40 lakes, larger winding roads, lush landscaping, quaint signs, sidewalks, and streetlights, this makes the Gran Paradiso a wonderful place to live. Located close to area beaches and the Gulf of Mexico, Atlanta Braves Stadium, State College of Florida, Golfing, Shopping, Dining, and all the attractions in downtown Venice, Punta Gorda, and Sarasota.

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

Neighborhood: Gran Paradiso

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $101k409k

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

Neighborhood: Gran Paradiso

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
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,472
Property Tax -$529
Property Insurance -$174
HOA -$205
Property Management Fees -$80
CASH FLOW
$119

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.

$399,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 7.7%
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$1.4M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,472

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$40,872

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $2,547

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,3504$2,5805$2,950
$2,950
RENT COMPS ANALYSIS
  • 13150 Amerigo Ln Venice, FL 4
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $1.14
    •  
  • 20342 Grazie Pl Venice, FL 1
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2014
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
  • 20722 Romagna Pl Venice, FL 2
    • 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 2014
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.14
    •  
  • 19891 Quisto St Venice, FL 3
    • 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.11
    •  
  • 20345 Reale Cir Venice, FL 5
    • 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,361 Sqft ∙ Built 2017
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.25
    •  
PROPERTY LISTING DETAILS
Liz Van Osdol
1.941.445.0089
Exit King Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4482713
Last Updated: 11/07/2020
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