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1323 Berkshire Ct Venice, FL 34292

3 Beds 2 Baths 1,941 sqft Built 1995

$450,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $231.84
  • 4 Days on Market
  • MLS # : A4488536
  • Updated Date : 01/15/2021 at 10:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,941 sqft
  • Baths : 2 full
Listing Agent

Keller Williams On The Water

Listing Agent's Description

Talk about the perfect lakeview pool home!! A must see, and you better act quickly! Call to see it today! This beautifully fully remodeled home just went under some serious renovations to make it look this gorgeous and is now ready for you to call it home! New tile roof, Luxury vinyl flooring in common areas and satin Travertine tile in the wet areas including the POOL deck! Pool is resurfaced and is waiting for you to enjoy it with your loved ones and of course some cocktails while you watch the sky turn pink and orange during the sunset reflecting of the lake, every night! Lets talk about the gorgeous kitchen, you have white shaker soft close wood cabinetry, granite countertops that waterfall to the floor, LG stainless steel appliances, under cabinet lighting and the best part is you get the living room and pool view from your new deep stainless steel sink. This home offers an Open Floorplan concept, perfect for hosting parties of all sizes! 3 Bedrooms all locate in different wings of the home! Master bedroom comes with a dream of a walk-in closet that includes built-in shelving and cabinetry, a must see for your self! Master Bathroom has a His/Hers vanities, Walk-in Shower and a garden soak tub for those relaxing evenings to wine down. Use this link to see a video of this home --- https://youtu.be/ClZsACa-X_g

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: Berkshire Place

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k409k

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

Neighborhood: Berkshire Place

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21400160018002000220024002600Rent in $12942765

* 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
Garden Elementary School Primary Regular 649 43 6
Venice Middle School Middle Regular 543 41 7
Venice High School High Regular 1,941 96 8

Garden Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 43
6
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$1,563
Property Tax -$487
Property Insurance -$155
HOA -$224
Property Management Fees -$129
CASH FLOW
$422

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.

$450,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 5.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$70,969

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $1.54

    LIST RENT PER SQFT
  • $3,736

    COMP ESTIMATED VALUE
  • $1.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,980
1$2,9802$3,6003$4,000
$4,000
RENT COMPS ANALYSIS
  • 1323 Berkshire Ct Venice, FL 1
    • 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,941 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $1.54
    •  
  • 690 Pond Willow Ln Venice, FL 2
    • 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,890 Sqft ∙ Built 2000
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.90
    •  
  • 675 Pond Willow Ln Venice, FL 3
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1997
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.95
    •  
PROPERTY LISTING DETAILS
Oleg Tkachuk
1.360.440.1998
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488536
Last Updated: 01/15/2021
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