118 Braemar Ave

Venice, FL 34293
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3 bd, 2 ba | 2,252 sqft | Built in 1997

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List Price
$419,900

$15.1K

Initial Investment

$114,423

Purchase Price

$419,900

Down Payment

25%

Rent

$3,190

Total Return

$227,421

Annualized Return

24.1%

Cap Rate

5.2%

Gross Yield

9.1%

Cash Flow

-$2,258

Appreciation

9.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,070

HOA

$444/mo

Flood Risk

Not Required

Welcome to the home you have been looking for within a gated community! This meticulously maintained home offers not only comfort but also peace of mind with its low HOA fees of just $260 per month. Get ready to be impressed by the upcoming addition of a brand new $40,000 concrete tile roof, ensuring durability and longevity for years to come. With impact hurricane graded windows, you can rest easy knowing your home is well-protected during any storm. Inside, enjoy the convenience of completely replumbed pipes and a 2022 AC system, promising efficiency and reliability. The garage boasts newer epoxied flooring, adding a touch of modernity to your space. Carefully tended to for over 20 years by its current owner, this residence exudes pride of ownership at every turn. Situated on one of the best lots in the neighborhood, revel in the privacy afforded by having no next-door neighbor, while also relishing the serene ambiance of a community pool that is rarely used, almost feeling like your own private oasis. Also a great location for rentals. Don't miss the opportunity to make this exceptional property your forever home!

See more in Analysis
Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$36,366

Expenses

-$11,846

Property Taxes

-$3,950

Loan Payments

-$22,828

Net Cash Flow

-$2,258

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Natalie Hebert
Agent License 3486857
FINE PROPERTIES
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #A4605109
Last Updated: 04/20/2024 01:04
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