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552 Bellaire Dr Venice, FL 34293

3 Beds 2 Baths 1,463 sqft Built 1986

$280,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $191.39
  • 2 Days on Market
  • MLS # : N6112983
  • Updated Date : 01/02/2021 at 14:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,463 sqft
  • Baths : 2 full
Listing Agent

Premier Sothebys Intl Realty

Listing Agent's Description

What a view! Overlooking your pool is a quaint pond and a preserve. The charming lanai with plenty of room for company or just enjoying the scenery can be accessed by three nesting sliding glass doors. This Venice East pool home has three bedrooms and two baths in a split floor plan. Both bathrooms have been recently renovated with new cabinetry and granite. Additionally, all the tile has been replaced with a lovely gray ceramic which compliments any design choice. Lanai lower screen just replaced and frame repainted. Just past the living room is a formal eating area with the kitchen to the right. You will love the kitchen! New cabinets, granite countertops, a slide out to the lanai, and a sweet eat in area make this the perfect place to make memories. Located close to shopping, entertainment, Gulf beaches, you can enjoy all that Florida living has to offer.

SEE MORE

MARKET HIGHLIGHTS

  • #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: Venice East

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $96k297k

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

Neighborhood: Venice East

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q212001300140015001600170018001900200021002200Rent in $11662260

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,033
Property Tax -$260
Property Insurance -$126
Property Management Fees -$129
CASH FLOW
$303

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.

$280,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 8.3%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

11.67

YEARS SAVED

$59,172

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,512
1$1,5122$1,6003$1,6954$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 552 Bellaire Dr Venice, FL 4
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.26
    •  
  • 438 Belmont Ave Venice, FL 1
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1979
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,512
    • $1.05
    •  
  • 3242 Nocturne Rd Venice, FL 2
    • 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
    •  
  • 150 Algiers Dr Venice, FL 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1971
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 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
Paul Heim
1.941.882.2723
Premier Sothebys Intl Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6112983
Last Updated: 01/02/2021
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