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2195 Woodmere Rd Venice, FL 34293

3 Beds 2 Baths 1,452 sqft Built 1980

$235,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $161.85
  • 5 Days on Market
  • MLS # : C7438402
  • Updated Date : 02/20/2021 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,452 sqft
  • Baths : 2 full
Listing Agent

Re/max Palm Realty

Listing Agent's Description

LOCATION!! LOCATION!! LOCATION!! LOOK NO FURTHER....I have the one for YOU!! Charming 3 bed/ 2 bath home located in South Venice. Home features tile through out main areas and laminate flooring in bedrooms, ceiling fans in bedrooms and living room plus family room features a wood burning fireplace. Inside laundry room with granite countertops and plenty of cabinets for extra storage. Washer & Dryer included. Solar Panel system added 2019, which saves YOU money on your electric bill. Roof installed 2011. Updated electric panel 2018. Located on an oversized lot with a large backyard and BONUS 10x10 shed installed 2016. Underground dog fence installed 2020. Concrete pad in the back of the house with overhead covering added 2020. with Not in a flood zone! No HOA or deed restrictions!! This home is conveniently located in a nice neighborhood but close to restaurants, shopping, beaches and much more!!! Ask to see this one first...make YOUR appointment today!!! Multiple offers highest and best due by noon on 2/21/2021

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: Venice Groves

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $55k297k

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

Neighborhood: Venice Groves

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11332260

* 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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$816
Property Tax -$218
Property Insurance -$125
Property Management Fees -$129
CASH FLOW
$282

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.

$235,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 7.7%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

12.25

YEARS SAVED

$44,483

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,623

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5123$1,5504$1,5705$1,900
$1,900
RENT COMPS ANALYSIS
  • 2195 Woodmere Rd Venice, FL 4
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.08
    •  
  • 410 Burke Rd Venice, FL 1
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1965
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 438 Belmont Ave Venice, FL 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
    •  
  • 2863 Gentian Rd Venice, FL 3
    • 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,315 Sqft ∙ Built 1982
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.18
    •  
  • 755 Taplow Rd Venice, FL 5
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1971
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.18
    •  
PROPERTY LISTING DETAILS
Leeann Alexander
1.941.380.7205
Re/max Palm Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: C7438402
Last Updated: 02/20/2021
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