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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Venice Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
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
-
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
1.941.380.7205
Re/max Palm Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: C7438402
Last Updated: 02/20/2021
