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249 Livorno Way Nokomis, FL 34275

3 Beds 2 Baths 1,515 sqft Built 2017

$329,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $217.16
  • 8 Days on Market
  • MLS # : N6113321
  • Updated Date : 01/11/2021 at 11:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,515 sqft
  • Baths : 2 full
Listing Agent

Beach Bay Real Estate

Listing Agent's Description

Wonderful Liberty 2 model features a spacious eat-in kitchen with breakfast bar on a premium corner lot. Well established and maintained gardens line the entry to this 2017-built home in desirable Milano, located in North Venice. With 3 beds, 2 baths plus a den/flex room this home offers many choices for guests and entertaining or is perfect for working from home. Tile floors throughout, in wall pest system, radiant roof barrier and located on a quiet street only a short distance from Milano’s amenities including heated community pool, spa, pickleball and bocce courts, fire pit and a dog park. Community is complete so no more construction and with low HOA fees and no CDD, Milano is a great place to call home. ***See links for 3D tour***

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

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
 

$296,100$361,900$329,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$1,143
Property Tax -$356
Property Insurance -$129
HOA -$121
Property Management Fees -$129
CASH FLOW
$503

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.

$329,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

13.25

YEARS SAVED

$69,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $1.57

    LIST RENT PER SQFT
  • $2,126

    COMP ESTIMATED VALUE
  • $1.4

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,2004$2,380
$2,380
RENT COMPS ANALYSIS
  • 249 Livorno Way Nokomis, FL 4
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.57
    •  
  • 9877 Hilltop Dr Venice, FL 1
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.28
    •  
  • 177 Cipriani Way North Venice, FL 2
    • 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,485 Sqft ∙ Built 2005
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.48
    •  
  • 259 Cassano Dr Nokomis, FL 3
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 2017
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.45
    •  
PROPERTY LISTING DETAILS
Robin Vaccai
1.941.716.9867
Beach Bay Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6113321
Last Updated: 01/11/2021
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