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393 Roseling Cir Venice, FL 34293

3 Beds 2 Baths 2,276 sqft Built 1994

$440,900

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $193.72
  • 4 Days on Market
  • MLS # : N6112722
  • Updated Date : 11/20/2020 at 09:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,276 sqft
  • Baths : 2 full
Listing Agent

Premier Sothebys Intl Realty

Listing Agent's Description

Move-in ready and waiting for you. This stunning property is located in the highly desired community of The Lakes of Jacaranda. Enjoy the colorful and lush tropical landscaping in this park-like setting while relaxing on the enormous extended lanai. The setting is beautiful, private, comfortable, and quiet. This is a place where serenity abounds. This home is the epitome of the casual elegance and charm that define our wonderful Florida lifestyle. Upon entering this stunning J and J home you'll notice the expansive open floor plan. The open and oversized kitchen features beautiful cabinetry and solid surface countertops and opens up to the rest of this roomy home. This is a home where wonderful memories will be made as you entertain family and friends. The oversized three-car garage allows for plenty of parking, storage, and a handyperson's workspace if so desired. Sit back, relax, and enjoy this special property. It is very evident that this home has been lovingly and proactively maintained by its current owners. Pride of ownership abounds. The Lakes of Jacaranda boasts of a community pool, clubhouse, pickleball and tennis courts. There are walking and biking paths for your outdoor enjoyment. Come experience this wonderful home in this premier community.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: The Lakes of Jacaranda

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k454k

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

Neighborhood: The Lakes of Jacaranda

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942943

* 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
Taylor Ranch Elementary School Primary Regular 630 44 8
Venice Middle School Middle Regular 543 41 7
Venice High School High Regular 1,941 96 8

Taylor Ranch Elementary School

  • Education Level: Primary
  • # of students: 630
  • # of teachers: 44
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
 

$396,810$484,990$440,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,627
Property Tax -$402
Property Insurance -$176
HOA -$44
Property Management Fees -$80
CASH FLOW
$311

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.

$440,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 3.4%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,589

INVESTMENT

$122,589

Down Payment
$110,225
Rehab Estimate
$5,750
Closing Costs
$6,614

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,225
Loan Amount $330,675
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$72,302

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1.16

    LIST RENT PER SQFT
  • $2,475

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2953$2,3504$2,5005$2,640
$2,640
RENT COMPS ANALYSIS
  • 393 Roseling Cir Venice, FL 5
    • 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.16
    •  
  • 683 Silk Oak Dr Venice, FL 1
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2001
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
  • 494 Lake Of The Woods Dr Venice, FL 2
    • 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,035 Sqft ∙ Built 1995
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.13
    •  
  • 417 Lake Of The Woods Dr Venice, FL 3
    • 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,195 Sqft ∙ Built 1991
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.07
    •  
  • 175 Braemar Ave Venice, FL 4
    • 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,183 Sqft ∙ Built 2001
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kevin Stanley, P.a.
1.941.716.0564
Premier Sothebys Intl Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6112722
Last Updated: 11/20/2020
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