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9820 Wingood Dr Venice, FL 34292

3 Beds 2 Baths 1,669 sqft Built 2018

$369,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $221.09
  • 2 Days on Market
  • MLS # : A4487713
  • Updated Date : 01/09/2021 at 17:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Keller Williams On The Water

Listing Agent's Description

Why wait to build when you can get a like a new home with additional upgrades you won't get with builders?! Driving into the iron gates of Watercrest you are first greeted with the beautiful clubhouse overlooking the lake. Complete with resort style pool, entertaining area, and fitness center. Going just up the road to a private lot you will find this meticulously maintained 3 bedroom 2 bath pool home. Stepping thru the front door you are relaxed in the Florida beach lifestyle with high ceilings, crown molding, and tile floors thru the entertaining space of the home. To the left you will find an expansive kitchen with eat in breakfast nook, stainless steel appliances, granite countertops, custom lighting, and open to dining and living room. Give guests privacy in the back of the home with 2 bedrooms and guest bathroom with pool access. The owners suite is split from the guests to the right on the home with large walk in closet, garden tub, walk in shower, and double vanity. New luxury vinyl floors complete the luxurious owners suite. The laundry room off the 2 car garage are an additional feature. The paver lanai with beautiful pebble tec pool with tranquil fountain feature and thermal cover will keep your pool temperature perfect for all Florida season living. Pool upgrade of an energy efficient pool heater for year round use! Don't miss the opportunity to own your piece of paradise in this superb location of Venice…moments from area beaches, dining, shopping, and the Atlantic Braves Training Facility.

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: Venice Farms

NeighborhoodNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $123k409k

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

Neighborhood: Venice Farms

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q214001600180020002200240026002800Rent in $12942860

* 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
 

$332,100$405,900$369,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,282
Property Tax -$342
Property Insurance -$138
HOA -$223
Property Management Fees -$129
CASH FLOW
$166

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.

$369,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.9%
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

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

8.08

YEARS SAVED

$38,845

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,2004$2,280
$2,280
RENT COMPS ANALYSIS
  • 9820 Wingood Dr Venice, FL 4
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $1.37
    •  
  • 9877 Hilltop Dr Venice, FL 1
    • 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,677 Sqft ∙ Built 2019
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.28
    •  
  • 201 Venice Palms Blvd Venice, FL 2
    • 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,872 Sqft ∙ Built 2002
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 2113 Date Palm Way Venice, FL 3
    • 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
    •  
PROPERTY LISTING DETAILS
Nicole Betz
1.941.468.9551
Keller Williams On The Water
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4487713
Last Updated: 01/09/2021
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