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20484 Capello Dr Venice, FL 34292

3 Beds 2 Baths 1,730 sqft Built 2011

$359,900

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $208.03
  • 3 Days on Market
  • MLS # : A4483699
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,730 sqft
  • Baths : 2 full
Listing Agent

Premier Sothebys Intl Realty

Listing Agent's Description

Impeccably maintained maintenance free single-family home in the desirable gated community of Venetian Falls. Pride of ownership abounds in this beautiful home that sits on a double corner lot which allows for an abundance of natural light. The beautifully pavered, widened driveway welcomes you home. Enter through the screened front entry and you will notice diagonally laid tiled floors throughout this rare three-bedroom Sorrento plan built by Centex Homes. The large kitchen features a bay window which is perfect for having morning coffee. The kitchen has plantation shutters, upgraded granite and wood cabinets. The shelf genie sliding cabinets, breakfast bar and stainless-steel appliances give this kitchen the wow factor. The open Sorrento floor plan has generous space for the dining room with perfect lighting and a large, inviting family room. Each room in this home boasts custom window treatments, including elegant room darkening shades. This home offers a split bedroom floor plan, providing privacy for all. The master bedroom features a designer built walk-in closet. The ensuite master bath has a huge walk in shower, with upgraded tiling, dual sinks, and a separate water closet. The welcoming guest bedrooms are perfect for friends & family who want to stay awhile. The guest bathroom features a tube light which offers tremendous natural light. The extended brick paver lanai overlooks the large yard and is perfect for entertaining. Venetian Falls (55+) community amenities include maintenance-free lawn care, cable, and an active clubhouse with full-time activity director, heated lap pool, spa, resistance walking pool, state-of-the-art exercise facility, billiard room, bocce ball, and putting green. No CDD fee. All this is just a few minutes away from Gulf of Mexico beaches, shopping, restaurants and historic Main Street Venice. Furniture for sale under separate contract.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Venetian Falls

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k409k

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

Neighborhood: Venetian Falls

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21400160018002000220024002600Rent in $12942770

* 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
 

$323,910$395,890$359,900

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,328
Property Tax -$334
Property Insurance -$142
HOA -$285
Property Management Fees -$80
CASH FLOW
$351

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.

$359,900

PROJECTED PRICE

$2,520

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

10.67

YEARS SAVED

$67,384

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $1.46

    LIST RENT PER SQFT
  • $2,063

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$2,2504$2,5205$2,600
$2,600
RENT COMPS ANALYSIS
  • 20484 Capello Dr Venice, FL 4
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $1.46
    •  
  • 2206 Chenille Ct Venice, FL 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
  • 21025 Anclote Ct Venice, FL 2
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 2014
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.16
    •  
  • 11725 Spotted Margay Ave Venice, FL 3
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2013
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.35
    •  
  • 19640 Cobblestone Cir Venice, FL 5
    • 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,053 Sqft ∙ Built 2011
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.27
    •  
PROPERTY LISTING DETAILS
Thomas Hedge, Jr
1.941.587.6660
Premier Sothebys Intl Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483699
Last Updated: 11/14/2020
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