Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

307 Bucknell Rd Venice, FL 34293

3 Beds 2 Baths 2,009 sqft Built 1989

$230,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $114.48
  • 4 Days on Market
  • MLS # : N6112453
  • Updated Date : 10/31/2020 at 13:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,009 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Huge Single Family Home having 2835 total square feet. Home has three full bedrooms and a den! Split bedrooms for privacy with two bedrooms and bath on one side, Master Bedroom and Bath on the other. Master Bedroom has walk-in closet and all bedroom closets are cedar lined. Spacious Great Room with living room/dining room combination and vaulted ceiling. Eat in kitchen with Breakfast Bar. Screened in Lanai with plenty of room for family and/or guests to relax. Driveway leads to 2 car garage. Fenced back yard with shed. Roof replaced in 2007, AC 2011. For an additional/optional fee you can obtain a South Venice Ferry pass which takes you to a private island and/or access to the Boat Ramp. This home is a perfect place to enjoy all Southwest Florida has to offer either seasonally or year round! All square footage is estimated.

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: South Venice

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k297k

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

Neighborhood: South Venice

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q2110012001300140015001600170018001900200021002200Rent in $10512260

* 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
Englewood Elementary School Primary Regular 524 35 8
Venice Middle School Middle Regular 543 41 7
Venice High School High Regular 1,941 96 8

Englewood Elementary School

  • Education Level: Primary
  • # of students: 524
  • # of teachers: 35
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
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$849
Property Tax -$263
Property Insurance -$159
Property Management Fees -$80
CASH FLOW
$649

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.

$230,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.87%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 9.4%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

17.08

YEARS SAVED

$76,737

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,109

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,9704$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 307 Bucknell Rd Venice, FL 4
    • 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,009 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 1221 Indus Rd Venice, FL 1
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 1989
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 3181 Nocturne Rd Venice, FL 2
    • 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,707 Sqft ∙ Built 2005
    LEASED 05/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
  • 5856 Taylor Rd Venice, FL 3
    • 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,810 Sqft ∙ Built 1996
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.09
    •  
  • 5831 Cleveland Rd Venice, FL 5
    • 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,149 Sqft ∙ Built 1999
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.02
    •  
PROPERTY LISTING DETAILS
Katherine Dahl
1.941.786.4996
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6112453
Last Updated: 10/31/2020
BESbswy