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4339 Manfield Dr Venice, FL 34293

3 Beds 2 Baths 1,859 sqft Built 1996

$355,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $190.96
  • 7 Days on Market
  • MLS # : A4488140
  • Updated Date : 01/15/2021 at 08:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,859 sqft
  • Baths : 2 full
Listing Agent

Michael Saunders & Company

Listing Agent's Description

This is the one not to miss! This single family three bedroom home offers peace of mind with hurricane proof windows, and garage door installed in 2019. A newer roof installed in 2017. The large open concept living room will have you calling this home in no time! The open area kitchen with stainless steel appliance offers a breakfast bar and eat-in dining area allowing for entertaining, or you can find the separate dining room for more intimate gatherings. New plantation shutters give this home a warm upgrade. The master bedroom offers plenty of space with a large walk in closet and updated bathroom with dual sinks. With the natural light shining in from the sliding glass doors and the screened in rear lanai you can feel the comfort and warmth of Florida everyday and relax knowing you won’t have to mow the lawn with the low maintenance turf. The two car garage leads to your close knit neighborhood where you can often find a neighbor walking their dog, exercising or coming to say hello on the paved sidewalk. You will be just 10 minutes from at least 4 beaches and the dog beach, shopping, dining, and local parks and dog parks.

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: Woodmere Lake

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k363k

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

Neighborhood: Woodmere Lake

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11792260

* 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
 

$319,500$390,500$355,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,233
Property Tax -$329
Property Insurance -$150
HOA -$49
Property Management Fees -$129
CASH FLOW
$350

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.

$355,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 2.2%
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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$60,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,971

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$2,2003$2,2404$2,2955$2,350
$2,350
RENT COMPS ANALYSIS
  • 4339 Manfield Dr Venice, FL 3
    • 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,859 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.20
    •  
  • 3242 Nocturne Rd Venice, FL 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1981
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 4325 Wordsworth Way Venice, FL 2
    • 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,176 Sqft ∙ Built 1996
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 494 Lake Of The Woods Dr Venice, FL 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Margaret Kennedy
1.941.713.5000
Michael Saunders & Company
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4488140
Last Updated: 01/15/2021
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