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13341 Ipolita St Venice, FL 34293

3 Beds 3 Baths 2,000 sqft Built 2008

$379,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $189.50
  • 2 Days on Market
  • MLS # : T3287339
  • Updated Date : 01/30/2021 at 13:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,000 sqft
  • Baths : 3 full
Listing Agent

Flat Fee Mls Realty

Listing Agent's Description

This lovely 3 bedroom 3 bath Oakmont model is located at street end with an extended driveway providing ample parking space with water views on two sides of the property. From the lanai enjoy views of water and the park-like preserve. The home offers an open floor plan, with den/office which is currently used as a craft room and a Murphy bed installed in one of the guest bedrooms. The two car garage has additional cabinets for storage. The home is located in the highly sought out Islandwalk Gated Community which includes 3 member swimming pools, 3 community buildings, 8 tennis and 8 Pickle Ball courts, 6 bocce ball courts, a community garden, playground, dog park and half basketball court.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Islandwalk at the West Villages

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k409k

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

Neighborhood: Islandwalk at the West Villages

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200230024002500Rent in $11792547

* 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
 

$341,100$416,900$379,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$1,316
Property Tax -$532
Property Insurance -$159
HOA -$322
Property Management Fees -$129
CASH FLOW
$372

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.

$379,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.75%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 4.3%
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$25k

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

10.42

YEARS SAVED

$58,352

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,830

    LIST RENT
  • $1.42

    LIST RENT PER SQFT
  • $2,140

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,2504$2,3505$2,830
$2,830
RENT COMPS ANALYSIS
  • 13341 Ipolita St Venice, FL 5
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,830
    • $1.42
    •  
  • 13149 Ipolita St Venice, FL 1
    • 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,000 Sqft ∙ Built 2008
    property image
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 19365 Rizzuto St Venice, FL 2
    • 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,911 Sqft ∙ Built 2012
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 13200 Guyana St Venice, FL 3
    • 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,000 Sqft ∙ Built 2007
    property image
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.13
    •  
  • 19891 Quisto St Venice, FL 4
    • 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,108 Sqft ∙ Built 2015
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.11
    •  
PROPERTY LISTING DETAILS
Stephen Hachey
1.813.699.9616
Flat Fee Mls Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287339
Last Updated: 01/30/2021
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