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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $177.60
- 4 Days on Market
- MLS # : N6113820
- Updated Date : 02/12/2021 at 08:48
CONSTRUCTION
- Beds : 3
- Floor Size : 2,196 sqft
- Baths : 2 full , 1 half
Listing Agent
Michael Saunders & Company
Listing Agent's Description
WELCOME HOME! Double doors open as you enter into this 3 bedroom 2.5 bath pool home. High ceilings and crown molding enhance the living space. The split floor plan allows the owners privacy from their guests. The owners suite has two large walk in closets and sliders that open to the Lanai. The formal dining room, dinette area in kitchen and breakfast bar assures everyone has a seat at meal time! The family room is off the kitchen and the living room is in the front of the house. Both have sliders to the screened and partially covered lanai and from the pool deck you can relax and watch the wildlife in the pond and surrounding open space. Don't miss the very convenient pool bath with access from the lanai. There is plenty of storage in the kitchen between the cabinets and center island. There is even a small writing desk! . Home has newer roof and has been re-plumbed. The Isles of Chestnut Creek is close to shopping, beaches, restaurants, golf and historic downtown Venice! Located in a quiet neighborhood this won't last long! Furniture available under separate contract
SEE MORE
- #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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Isles of Chestnut Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Isles of Chestnut Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,500 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$362 | |
| Property Insurance | -$171 | |
| HOA | -$230 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$254
|
||
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.
$390,000
PROJECTED PRICE
$2,500
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.34% |
| Appreciation Year (1-5) | 6.8% |
| 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
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
9.08
YEARS SAVED
$49,061
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,500
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$2,492
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
-
418 Bermuda Isles Cir Venice, FL 5
- 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,196 Sqft ∙ Built 1994
- Rent
- Rent Per SQFT
- $2,500
- $1.14
-
2113 Date Palm Way Venice, FL 1
- 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,850 Sqft ∙ Built 2001
LEASED 11/05/20- Rent
- Rent Per SQFT
- $2,200
- $1.19
-
1290 Covey Ct Venice, FL 2
- 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1989 3 beds 2 baths ∙ 2,024 Sqft ∙ Built 1989
LEASED 03/30/20- Rent
- Rent Per SQFT
- $2,200
- $1.09
-
936 S Gondola Dr Venice, FL 3
- 3 beds 2 baths ∙ 2,118 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,118 Sqft ∙ Built 1978
LEASED 12/30/19- Rent
- Rent Per SQFT
- $2,500
- $1.18
-
953 E Gondola Dr Venice, FL 4
- 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,306 Sqft ∙ Built 1975
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,500
- $1.08
PROPERTY LISTING DETAILS
1.941.408.4047
Michael Saunders & Company
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6113820
Last Updated: 02/12/2021
