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237 Acerno Dr Nokomis, FL 34275

3 Beds 3 Baths 2,065 sqft Built 2016

INVESTimate

$429,500

List Price

$2,560

$2,310 - $2,810

Rent Est.

$451,190  ( +5.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $207.99
  • 4 Days on Market
  • MLS # : N6111515
  • Updated Date : 08/24/2020 at 11:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,065 sqft
  • Baths : 2 full , 1 half
Listing Agent

Palmerhouse Properties

Listing Agent's Description

Villages of Milano a newer GATED COMMUNITY IN NORTH VENICE is where you will find this UPGRADED WHITE STAR MODEL * ARCHED ENTRY WAY WITH Beautiful brick facade.* Plenty of Natural Lighting with the GLASS INSERTS IN YOUR FRONT DOOR* Open Floor plan with a GREAT ROOM featuring tray ceilings and SLIDERS to the EXTENDED SCREENED LANAI. PRIVATE GAS HEATED SPA, complete with remote, and a natural gas line on lanai. paver decking and a paver planting area just outside the lanai. The interior of this fabulous home includes three bedrooms with 2 and half baths, a Den/Study/Dining Area with cherry wood flooring, crown molding, wood plantation shutters, propeller fans and tray ceilings. You'll enjoy cooking in this kitchen with upgraded appliances including a GE refrigerator with built in Kurig Coffee Maker, upscale wood cabinetry with upgraded drawers, a butlers pantry area with additional cabinets and more! Tile on diagonal grace the kitchen, great room, and master bath. The master suite features a Custom walk in closet with built-ins. The two car garage sports epoxy flooring for ease of cleaning plus a paver driveway. All of this only 4 years young situated and in the GATED Milano community with club house, boccie ball, pickle ball, swimming pool and fire pit overlooking a lake for a relaxing atmosphere and LOW FEES AND NO CDD FEES! Quiet Atmosphere With Easy Access to Venice, Venice Beaches, Sarasota and its famous beaches, I-75 Not to Mention Great Shopping, Restaurants and Entertainment. WOW! Won't Last Long!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 34275

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k409k

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

Zip Code: 34275

ZipNIR Market*CityMarket20102015Year20082019 Q213001400150016001700180019002000210022002300240025002600Rent in $12942642

* 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
Laurel Nokomis School Primary Regular 1,024 85 9
Laurel Nokomis School Middle Regular 1,024 85 9
Venice High School High Regular 1,941 96 8

Laurel Nokomis School

  • Education Level: Primary
  • # of students: 1,024
  • # of teachers: 85
9
GreatSchools Rating

Laurel Nokomis School

  • Education Level: Middle
  • # of students: 1,024
  • # of teachers: 85
9
GreatSchools Rating

Venice High School

  • Education Level: High
  • # of students: 1,941
  • # of teachers: 96
8
GreatSchools Rating
 

$386,550$472,450$429,500

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$1,585
Property Tax -$465
Property Insurance -$163
HOA -$127
Property Management Fees -$80
CASH FLOW
$141

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.

$429,500

PROJECTED PRICE

$2,560

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 5.05%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,568

INVESTMENT

$119,568

Down Payment
$107,375
Rehab Estimate
$5,750
Closing Costs
$6,443

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,585

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,375
Loan Amount $322,125
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$48,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,560

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $2,137

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,0003$2,1504$2,5605$2,700
$2,700
RENT COMPS ANALYSIS
  • 237 Acerno Dr Nokomis, 4
    • 3 beds 3 baths ∙ 2,065 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,065 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,560
    • $1.24
    •  
  • 109 Montelluna Dr North Venice, 1
    • 3 beds 2 baths ∙ 2,211 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,211 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.81
    •  
  • 205 Cipriani Way North Venice, 2
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 2005
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 116 Ventosa Pl Nokomis, 3
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 2017
    LEASED 09/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.08
    •  
  • 178 Medici Ter North Venice, 5
    • 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,064 Sqft ∙ Built 2006
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.31
    •  
PROPERTY LISTING DETAILS
Colleen Stone
1.610.703.1369
Palmerhouse Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6111515
Last Updated: 08/24/2020
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