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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $186.39
- 2 Days on Market
- MLS # : N6113790
- Updated Date : 02/13/2021 at 18:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,543 sqft
- Baths : 3 full
Listing Agent
West Coast Realty Of Venice
Listing Agent's Description
WELCOME HOME! This is truly a magnificent home centrally located in Venice within the gates of WATERFORD, one of the area's most popular golf course communities. Once through the tree-canopied guard gate, you'll find the quiet neighborhood of Devonshire tucked away on the east side of Waterford, with the homes positioned around the golf course for award-winning views. Our home has three bedrooms and three baths and a solar-heated pool overlooking a beautiful lake with the golf course views. From the formal living room, you can watch the soft breezes gently sway the Spanish moss hanging from the giant oak trees in the backyard, framing the lake and golf course views. A more casual family room is situated off the kitchen and breakfast nook, creating a warm atmosphere in which to relax, watch TV and enjoy the fireplace. The bedrooms are split plan style, with the master suite on one side of the home and the two guest bedrooms and two baths located on the opposite side of the home, great for when company comes to visit. Environmentally-conscious owners have installed a WHOLE HOUSE SOLAR SYSTEM....their electric bills each month are ZERO. And last year the electric company gave them money back! Truly remarkable. Other recent upgrades by these owners include: HURRICANE IMPACT WINDOWS, HURRICANE SHUTTERS FOR THE LANAI SLIDERS, new SCREEN ENCLOSRE ON LANAI, new BRICK PAVERS ON LANAI, new POOL HEATER, new POOL PUMP, new BATHROOM VANITIES with GRANITE (in all 3 bathrooms), REDESIGNED MASTER CLOSETS, WHOLE HOUSE SOLAR SYSTEM ($41,000), HURRICANE-RESISTANT GARAGE DOOR. Sellers have spent over $115,000 getting this home picture-perfect, there is absolutely nothing left here to do but move in and start enjoying life in Waterford. The garage is extra large (550 SF) and features room for two cars, a workbench, and even has an additional separate room perfect for additional storage, holiday decorations, bicycles, golf clubs, etc. Additional features include high ceilings, custom paint colors throughout, two living spaces, two dining spaces, and a huge screened patio area (864 SF) overlooking the lake and golf course. This is it. And this is the ONLY home for sale right now in all of Waterford. If you're looking for a golf course community where GOLF MEMBERSHIP IS OPTIONAL, this is it! The Waterford Clubhouse has a fitness center, tennis courts, playground, meeting room for social events and of course is home to world-class golfing. Welcome home!
SEE MORE
- #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: Waterford
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterford
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,620 |
| EXPENSES | Loan Payment | -$1,646 |
| Property Tax | -$513 | |
| Property Insurance | -$192 | |
| HOA | -$132 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$8
|
||
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.
$474,000
PROJECTED PRICE
$2,620
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 4.6% |
| 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
$131,360
LOAN DETAILS
$1,646
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,500 |
| Loan Amount | $355,500 |
5.67
YEARS SAVED
$30,357
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,620
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,653
COMP ESTIMATED VALUE -
$0.65
COMP AVG. RENT PER SQFT
Comps Range
-
1444 Trune Venice, FL 3
- 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $2,620
- $1.03
-
1616 Kilpatrick Rd Nokomis, FL 1
- 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1976
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,450
- $0.59
-
341 Montelluna Dr North Venice, FL 2
- 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,600
- $0.71
PROPERTY LISTING DETAILS
1.941.321.7229
West Coast Realty Of Venice
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6113790
Last Updated: 02/13/2021
