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158 Golf Club Ln Venice, FL 34293

3 Beds 2 Baths 1,695 sqft Built 1974

INVESTimate

$280,000

List Price

$1,680

$1,512 - $1,848

Rent Est.

$301,420  ( +7.65%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1974
  • Price/Sqft : $165.19
  • 5 Days on Market
  • MLS # : N6111200
  • Updated Date : 08/23/2020 at 10:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,695 sqft
  • Baths : 2 full
Listing Agent

Re/max Palm Realty Of Venice

Listing Agent's Description

Welcome to this lovely Venice East 3 bedroom, 2 bathroom, oversized 2 car garage pool home. A private fenced back yard provides the perfect place to relax by the pool. Take in the views of natural Florida and watch the wildlife from your screened lanai. Upon entering this home you'll be greeted by a large entry foyer. From there head into your spacious open kitchen with views of the pool and a gas cooking range. Just off the kitchen is a large breakfast nook that could be used as a family room. Beside the kitchen and breakfast nook you'll find the 2 guest rooms and second bathroom. The opposite side of the home contains the dining and living room with large windows, ample wall space for furniture and entertainment items and sliding glass doors that access the screened lanai. Beyond the living space you'll enter your master suite. The master suite contains a large walk in closet and ensuite with full shower. The master suite contains sliding glass doors to the pool as well. All within walking distance to an executive golf course and driving range. The recent updates include a new roof in 2014, new HVAC in 2013, updated cabinets, countertops, and backsplash in the kitchen, and all new professional paint both inside and out. The floors have been recently updated as well. The exterior of the home has all new landscaping and irrigation with digital control. This home is truly "move in ready". Schedule your showing today! WELCOME HOME!! PLEASE VIEW THE 3/D TOUR ASSOCIATED WITH THIS HOME**** https://my.matterport.com/show/?m=2AAwUiBorF2&mls=1&ts=1

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Venice Country Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k297k

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

Neighborhood: Venice Country Club Estates

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11792260

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,033
Property Tax -$260
Property Insurance -$140
Property Management Fees -$80
CASH FLOW
$167

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.

$280,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 7.65%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$42,576

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,729

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,5123$1,6804$1,6955$1,950
$1,950
RENT COMPS ANALYSIS
  • 158 Golf Club Ln Venice, 3
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.99
    •  
  • 142 Sandhurst Dr Venice, 1
    • 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 1961
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.93
    •  
  • 438 Belmont Ave Venice, 2
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1979
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,512
    • $1.05
    •  
  • 150 Algiers Dr Venice, 4
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1971
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 1817 Raintree Ln Venice, 5
    • 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,977 Sqft ∙ Built 1985
    LEASED 04/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.99
    •  
PROPERTY LISTING DETAILS
Brian Shaefer
1.941.539.9218
Re/max Palm Realty Of Venice
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6111200
Last Updated: 08/23/2020
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