Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $222.22
- 2 Days on Market
- MLS # : N6113616
- Updated Date : 02/06/2021 at 17:45
CONSTRUCTION
- Beds : 4
- Floor Size : 2,025 sqft
- Baths : 3 full
Listing Agent
Exit King Realty
Listing Agent's Description
Jewel of Stoneybrook at Venice! Beautiful 4 bedroom 3 bath with a pool! Super clean and move-in ready with fresh paint on the entire interior and new carpet in the bedrooms plus a brand new refrigerator. Two master suites, granite counter tops, wood cabinetry, large walk-in pantry, great closets are just a few wonderful things about this home. Stoneybrook is THE premier community for families with all it has to offer. Stoneybrook is gated with sidewalks and street lights throughout. A fabulous community center offers a heated resort pool, fitness center, tennis and pickle ball courts, basket ball courts, ball field, bike and walking trails, beautiful clubhouse and so much more! Very easy to show! Professional photos coming Monday!
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: Stoneybrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoneybrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,080 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$417 | |
| Property Insurance | -$160 | |
| HOA | -$159 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$651
|
||
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
$3,080
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 4.1% |
| 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 |
13
YEARS SAVED
$93,839
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,080
LIST RENT -
$1.52
LIST RENT PER SQFT
-
$2,420
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
1866 Mesic Hammock Way Venice, FL 5
- 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,025 Sqft ∙ Built 2012
![property image]()
- Rent
- Rent Per SQFT
- $3,080
- $1.52
-
2180 Nettlebush Ln Venice, FL 1
- 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,023 Sqft ∙ Built 2011
![property image]()
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.04
-
2205 Weaver Bird Ln Venice, FL 2
- 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 2005
![property image]()
LEASED 08/31/20- Rent
- Rent Per SQFT
- $2,300
- $1.13
-
11742 Tempest Harbor Loop Venice, FL 3
- 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,872 Sqft ∙ Built 2006
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.34
-
19640 Cobblestone Cir Venice, FL 4
- 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2011
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.27
PROPERTY LISTING DETAILS
1.941.544.7802
Exit King Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6113616
Last Updated: 02/06/2021
