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PROPERTY INFO
FACTS
- Single Family
- Built In 1997
- Price/Sqft : $211.01
- 6 Days on Market
- MLS # : A4484879
- Updated Date : 01/06/2021 at 20:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,635 sqft
- Baths : 2 full
Listing Agent
Generous Property
Listing Agent's Description
Bright, sunny and maintenance free! This 3 bedroom 2 bath Calusa Lakes home is situated on a corner lot and a short stroll to the community pool. BRAND NEW ROOF in 2019 and 3 ton condensing unit in 2008. The third bedroom is also ideal for an office space, den or pull-out couch for guests. The master bathroom has a wonderful walk-in shower space and double closets in the master bedroom. No carpet in the property makes for easy clean up. Plenty of room for entertaining on the lanai and loads of space to place your lounge chairs for soaking in the Florida sun. This home has several glass sliding doors that allow the natural sunlight to cascade inside and also has hurricane shutters for extra protection. No CDD fee here along with no mandatory social or golf membership. Close to Nokomis and Venice beach and world-renowned Siesta Key beach. Short distance to Legacy Trail for bike riding or walking and you will enjoy the boutique shops on Venice Island. Numerous restaurants to choose from to the delight of various palates. BE SURE TO VIEW THE AERIAL & 3D TOUR.
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: Falcon Trace at Calusa Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Trace at Calusa Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,190 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$297 | |
| Property Insurance | -$136 | |
| HOA | -$79 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$350
|
||
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.
$345,000
PROJECTED PRICE
$2,190
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 5.0% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
11.25
YEARS SAVED
$59,080
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,190
LIST RENT -
$1.34
LIST RENT PER SQFT
-
$1,733
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
2319 Falcon Trace Ln Nokomis, FL 4
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1997
- Rent
- Rent Per SQFT
- $2,190
- $1.34
-
2201 Lakewood Dr Nokomis, FL 1
- 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990
LEASED 01/28/20- Rent
- Rent Per SQFT
- $1,695
- $1.07
-
323 Rubens Dr Nokomis, FL 2
- 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1977
LEASED 09/22/19- Rent
- Rent Per SQFT
- $1,850
- $1.05
-
403 Giovanni Dr Nokomis, FL 3
- 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1981
LEASED 11/27/19- Rent
- Rent Per SQFT
- $2,000
- $1.06
PROPERTY LISTING DETAILS
1.941.445.3937
Generous Property
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4484879
Last Updated: 01/06/2021
