635 Missouri Rd

Venice, FL 34293
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2 bd, 2 ba | 1,682 sqft | Built in 1959

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List Price
$249,000

$6K

Initial Investment

$67,853

Purchase Price

$249,000

Down Payment

25%

Rent

$2,230

Total Return

$157,553

Annualized Return

28.6%

Cap Rate

7.1%

Gross Yield

10.7%

Cash Flow

$3,119

Appreciation

9.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,000

HOA

None

Flood Risk

Not Required

Investor alert!
Fix for an income generating property or a great starter home.
Estimated value at nearly $350,000 after a remodel.
Potentially qualifies for 203k loan, FHA renovation loan with 3.5% down.
The home features Highly sought - after terrazzo flooring throughout.
Roof 10 years old and AC 12 years old.
You'd be delighted to be a short 10 minutes drive from the beach during hot days, and sitting by a wood-burning fireplace during cold times.
This home is situated on an oversized lot and has a big back yard.
Carport converted into an extra living space.
Bring your vision to make it your personal paradise.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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Jeff Wills
Sefair Investments, Inc
FL Agent License #BK3326417

Annual Financial Highlights

Expected Rent

$25,422

Expenses

-$6,466

Property Taxes

-$2,300

Loan Payments

-$13,537

Net Cash Flow

$3,119

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:Tayler Colwell
Agent License 3561940
PREFERRED SHORE
Certified Agent Brokerage:Jeff Wills
Sefair Investments, Inc
FL Brokerage License 1035088
SourceStellar MLS
MLS #A4606992
Last Updated: 04/26/2024 15:04
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