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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Berkshire Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
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
-
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
1.360.440.1998
Keller Williams On The Water
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4488536
Last Updated: 01/15/2021
