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200 Flamingo Rd Venice, FL 34293

3 Beds 2 Baths 1,679 sqft Built 1990

$309,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $184.57
  • 4 Days on Market
  • MLS # : C7438905
  • Updated Date : 02/19/2021 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,679 sqft
  • Baths : 2 full
Listing Agent

Kw Peace River Partners

Listing Agent's Description

BEAUTIFUL 3 Bedroom, 2 Bathroom, + A FAMILY ROOM & 2 Car Garage Home on a CORNER LOT located in South Venice. CLICK ON THE VIRTUAL TOUR LINK 1 FOR A 3D INTERACTIVE WALK THROUGH AND VIRTUAL LINK 2 FOR THE VIDEO. You will be warmly welcomed into the SPACIOUS living room that offers plenty of space for relaxing and entertaining with a seamless flow into the dining room. Cook up something delicious in the kitchen with a nice amount of counterspace, plenty of storage w/ a large pantry, all appliances, and a breakfast bar! The FAMILY ROOM is a great added bonus for expanding your living space and relaxing. The Master Suite is a fantastic size w/ a large 7x8 WALK-IN closet and an attached Master Bathroom w/ a walk-in shower. The additional Bedrooms are on a SPLIT FLOOR PLAN providing great privacy and both have ceiling fans w/ close access to the nearby guest bathroom. Step out onto the SCREENED-IN back patio to enjoy the beautiful Florida weather while sipping your morning cup of coffee! Very well maintained yard w/ lush and mature landscape and a fenced backyard. MINUTES to local shopping, dining, and other amenities. Also just a short car ride to the Gulf Beaches of Boca Grande, Venice Beach, or Siesta Key. Schedule your showing TODAY!

SEE MORE

MARKET HIGHLIGHTS

  • 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: South Venice

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k297k

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

Neighborhood: South Venice

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2110012001300140015001600170018001900200021002200Rent in $10512260

* 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
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,076
Property Tax -$303
Property Insurance -$139
Property Management Fees -$129
CASH FLOW
$212

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.

$309,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 9.4%
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

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$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$42,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,855

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,8004$1,8605$2,000
$2,000
RENT COMPS ANALYSIS
  • 200 Flamingo Rd Venice, FL 4
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.11
    •  
  • 1240 Flamingo Rd Venice, FL 1
    • 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,514 Sqft ∙ Built 2002
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.06
    •  
  • 615 Yale Rd Venice, FL 2
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1972
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 308 Rallus Rd Venice, FL 3
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 2002
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 291 Crane Rd Venice, FL 5
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2002
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.24
    •  
PROPERTY LISTING DETAILS
Matthew Patterson
1.941.875.4177
Kw Peace River Partners
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7438905
Last Updated: 02/19/2021
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