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9848 Wingood Dr Venice, FL 34292

3 Beds 2 Baths 1,669 sqft Built 2019

$369,500

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $221.39
  • 2 Days on Market
  • MLS # : N6113303
  • Updated Date : 01/23/2021 at 19:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,669 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

NEVER OCCUPIED! MOVE-IN READY! This gem won't last. Custom Capri is a 3 bedroom/2bathroom, minutes to downtown Venice, beaches, legacy trail, restaurants, and shops in the gated community of Watercrest. Low HOA fees, no CDD. Completely redone, loaded with upgrades throughout home-- custom cabinetry, soft-close drawers, quartz countertops, new subway tile backsplash, new stainless steel sink/faucet/disposal, stainless steel GE Profile appliances, designer lighting, ceiling fans, frameless shower enclosures with expanded showers and seating, no carpeting, barn doors. Finish carpentry trim work added in dining room, windows, doorways, and closets. Impact hurricane glass inserts installed on entry door/pool door. Upgraded-air scrubber/UV lights installed in AC, décor outlets, exhaust fans, whole-house surge protector, dimmer switches, plumbing, sound proofing. No detail overlooked in this one-of-a-kind home . Large yard is perfect for a pool, an extended lanai, a fence for pets. This is a must see! Schedule your showing today! (Some photos may be virtually staged). Watch video -> https://show.tours/e/6FSkTqW

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$332,550$406,450$369,500

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,283
Property Tax -$343
Property Insurance -$138
HOA -$233
Property Management Fees -$129
CASH FLOW
$44

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.

$369,500

PROJECTED PRICE

$2,170

PROJECTED RENT

0.59%

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

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$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,283

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$26,621

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $2,031

    COMP ESTIMATED VALUE
  • $1.22

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,1703$2,2004$2,200
$2,200
RENT COMPS ANALYSIS
  • 9848 Wingood Dr Venice, FL 2
    • 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.30
    •  
  • 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 3
    • 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 4
    • 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
Deb Scott
1.978.807.6873
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6113303
Last Updated: 01/23/2021
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