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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $207.37
- 2 Days on Market
- MLS # : N6113999
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,615 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
COMPLETELY RE-PIPED IN VENICE GARDENS! This 3/2/2 completely remodeled home inside and out has an abundance of upgrades, NOTHING missed whatsoever in every single inch of this home! This open split floor-plan makes for great entertaining or the perfect space for a family! Interior and Exterior has been freshly painted, BRAND NEW Kitchen with NEW high-end stainless steel appliances, induction cook-top, epoxy countertops, NEW top-of the-line cabinetry & added island with GFCI outlets with USB ports included! Entire home has designer LED-lighting and GFCI outlets. BRAND NEW fixtures throughout, all bathrooms are completely RE-DESIGNED & BRAND NEW, to include high countertops & custom built-ins (A MUST SEE!). The Master En Suite has a huge walk-in closet & private slider door out to the lanai and oversized backyard (space for a POOL to be added). BRAND NEW FLOORING, Water-resistant high-end laminate flooring in main living space and NEW carpeting in all 3 bedrooms. On the other side of the home will be the guest bedrooms and shared bathroom. The favorite addition of all, is the BONUS Room (UNDER AIR) with a built-in electric fireplace and an abundance of added light (and added sauna if desired), this room is adjacent to the covered lanai and off of the spacious great room and kitchen. The privacy that this huge backyard provides sets this home apart from any others in Venice Gardens. The yard is completely fenced in (tall fencing) and even has a fire pit area perfect for entertaining! Plenty of room to add a pool if desired. A true over-sized 2-car garage with a Brand New Garage Storm Door; new garage flooring, washer & dryer hookups and utility sink; A/C 2011 with UV lighting, Electrical Panel 200 amp service (2019) & NEW landscaping! Venice Gardens is in the heart of Venice, FL with NO HOA fees and NO CDD fees! There is an optional membership to the Venice Gardens Civic Association for only $165 per household, which provides a private gated pool and community center for Venice Gardens homeowners ONLY. This modern totally remodeled open concept home is not only move-in ready, it is also ONLY 1 mile to Venice Island, the downtown of Venice, FL where there is dining, shopping and the beautiful Gulf Beaches! 4 miles to the TOP Gulf Beaches, such as Venice Beach, Nokomis Beach & Manasota Key Beach! This beautiful remodeled home is PRICED TO SELL & WILL NOT LAST! SCHEDULE YOUR PRIVATE SHOWING TODAY! Being Sold Turnkey furnished (excluding some artwork and personal items)
SEE MORE
- 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: Venice Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Venice Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$1,163 |
| Property Tax | -$326 | |
| Property Insurance | -$135 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$103
|
||
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.
$334,900
PROJECTED PRICE
$1,650
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 7.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,499
LOAN DETAILS
$1,163
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,725 |
| Loan Amount | $251,175 |
4.5
YEARS SAVED
$14,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,712
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
433 Shamrock Blvd Venice, FL 3
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $1,650
- $1.02
-
601 Briarwood Rd Venice, FL 1
- 4 beds 3 baths ∙ 1,732 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,732 Sqft ∙ Built 1973
LEASED 09/22/20- Rent
- Rent Per SQFT
- $1,600
- $0.92
-
2551 Yucca Rd Venice, FL 2
- 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,491 Sqft ∙ Built 1971
LEASED 07/07/20- Rent
- Rent Per SQFT
- $1,650
- $1.11
-
2608 Oneida Rd Venice, FL 4
- 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1968
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,700
- $1.03
-
755 Taplow Rd Venice, FL 5
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1971
LEASED 05/28/20- Rent
- Rent Per SQFT
- $1,900
- $1.18
PROPERTY LISTING DETAILS
1.603.767.9166
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: N6113999
Last Updated: 02/21/2021
