1330 Roosevelt Dr Venice, FL 34293
3bd, 2ba | 1,788sqft | Built in 1981
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Initial Investment
$245,240
List Price: $240,000
Purchase Price
$240,000
Down Payment
100%
Rent
$1,825

Total Return
$102,347
Annualized Return
7.8%
Cap Rate
5.1%
Gross Yield
9.1%
Cash Flow
$11,510
Appreciation
4.4%
Financing Options
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Property Management Options
  • 866-950-1495
    jules@greatjones.co
    442 W Kennedy Blvd, Suite 280
    Tampa, FL 33606
    Great Jones
    Property Management Fee:
    8-10% of monthly rent collected
    Leasing Fee:
    75% of first month's rent
    Renewal Leasing Fee:
    None
    Maintenance Fee:
    None
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    15% of total project cost over $5,000
    After years of managing homes for institutions and top investors, we realized that property management for the individual rental property investor was behind the times. The status quo is a system built around outdated technology, poor communication, misaligned incentives, and hidden fees – resulting in a service experience that leaves many owners feeling like they’re not put first. We want to change that. Welcome to a new kind of property management.
  • 866-611-3590 x112
    scott@hamptonandhampton.com
    10150 Highland Manor Drive, Suite 200
    Tampa, FL 33610
    Hampton & Hampton
    Property Management Fee:
    7% of monthly rent collected
    Leasing Fee:
    50% of one month's rent, which includes Free Eviction Protection, a 30-Day Rent Guarantee and a Quality Tenant Guarantee
    Renewal Leasing Fee:
    2% of annual gross renewal rent
    Maintenance Fee:
    Billed at invoice cost plus 10% administrative mark-up
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    10% of project costs above $5,000
    Hampton & Hampton Management & Leasing, Inc. CRMC®. was established in 2004 by owners Scott & Kim Hampton, MPM®, RMP® and is one of only approximately 50 companies in the United States to earn the CRMC® designation. Our management team is able to provide comprehensive technology driven efficient property management services to save time and money for the individual real estate owner/investor, hedge funds, banks and institutional investors throughout Central Florida with two offices serving the East to West Coasts.
  • (813) 600-5090
    dbarker@homeriver.com
    12906 Tampa Oaks Blvd #100
    Tampa, FL 33637
    HomeRiver Group
    Property Management Fee:
    7% of monthly rent collected
    Leasing Fee:
    75%-100% of one month's rent
    Renewal Leasing Fee:
    25% of one month's rent
    Maintenance Fee:
    Billed at cost plus 10% administrative fee
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    None; included in Maintenance Fee
    HomeRiver is Florida's largest manager of Single-Family Rentals, managing over 4,000 homes from our offices in Tampa Bay, Orlando, Jacksonville, Ocala and Tallahassee. Founded in 2006, HomeRiver has grown to serve the nation's largest homeowners and hedge funds due its focus on friendly service, impeccable management, laser-fast leasing, and trouble-free maintenance. Whatever it takes to maximize the profitability of your rental investment now, and to preserve the value of your asset for the future. That's what we mean by "Property Management Done Right".
  • 813.853.0363
    peter@homeprop.com
    5470 E Busch Blvd, #452
    Tampa, FL 33637
    HomeProp
    Property Management Fee:
    8% of Monthly Rent Collected
    Leasing Fee:
    50% of First Month’s Rent
    Renewal Leasing Fee:
    None
    Maintenance Fee:
    None
    Property Setup Fee:
    None
    Marketing Fee:
    None
    Project Management Fee:
    10% of Total Project Cost
    HomeProp is Property Management BY Investors, For Investors! When investors manage your properties, the results are simply better! We are real estate investors just like you, and we have seen the difference when investors manage rental homes. Simply put, investors care more! When you own the property every uncollected dollar is a problem, and every maintenance call is a big deal. So when we manage your investment property, we apply that same level of caring to your portfolio. The results: better performing investment properties, and more profitable and satisfied owners.
  • Tips for Self Managing Properties
    You’ve invested in a Rental Property, and are thinking about managing the property yourself? Here are the items you need to be aware of: Renting, Operating, Risk Management
    Self manage / Other
    Renting
    • Get property ready
    • Advertise
    • Show the property
    • Applicant screening
    • Move in tenants

    Operating
    • Collect rent
    • Repair requests
    • Home inspections
    • Move out process

    Risk Management
    • Fair housing
    • Insurance liability
    • Property damage
    • Habitability issues
    • Legal costs
Property Characteristics
  • Inspection Contingency
    What is it?
    This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
    Benefits
    • This property will be professionally inspected before closing.
    • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
    • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
    • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 
    How it Works
    • Roofstock can refer you to our preferred property manager to help you understand the property report and next steps.
    • After the purchase agreement is signed, the buyer has 20 days from the date of the contract to hire a home inspector and conduct any negotiations with the seller if necessary. The home inspection typically costs $300-$500 and is paid by the buyer and includes instances where the inspection report is more than 4 months old. If the inspection is current and buyers are using a Roofstock inspector, inspection would be free of charge.
    • Once the buyer receives the inspection report containing details on the home’s condition and potential issues, the buyer can (1) remove the inspection contingency and continue with the closing process, (2) negotiate different terms with the seller based on the report findings, or (3) in extreme circumstances, terminate the purchase agreement and get their earnest money deposit back.
    • Any negotiation or termination must happen within the time period specified in the purchase agreement, unless otherwise agreed upon between buyer and seller.
    Terms
    The inspection contingency contains a termination date which the buyer must adhere to. The buyer must have the inspection completed, review the report and negotiate with the seller on the next steps within this agreed upon timeframe. If the termination date passes and the buyer has not terminated the agreement or come to an agreement with the seller, the buyer must continue based on the terms in the initial purchase agreement.
  • Roofstock Exclusive
    What is it?
    This property is listed directly from the seller and only available through the Roofstock marketplace.
    Benefits
    • You can avoid competition and "buy it now" at the list price.​
    • The home will have undergone a comprehensive inspection, title search and more – all of which are made available in the Diligence Documents to review.
    • Transaction will only carry an inspection contingency if the posted inspection report is more than 4 months old.
    • A Roofstock-affiliated broker represents the Seller in this transaction, but Roofstock will walk you through the process​.
  • Roofstock Guarantee
    What is it?
    Our industry-leading guarantee allows you to invest with total confidence, regardless of whether the home is leased or vacant.
    Benefits
    • All properties come with our 30-day money back guarantee
    • Enjoy guaranteed rent on vacant properties starting 45 days after the home is rent-ready. Plus you will also pay no monthly management fees until your property is leased.
    • This offer applies to all single-family properties and excludes properties with more than 2 units (duplex, triplex, fourplexes), commercial properties and Roofstock portfolios.
Investment Terms
Purchase Price of $240,000 has been established by the Seller and it reflects the price at which Seller is willing to transact. If this property accepts offers, then please submit a reasonable offer for consideration.

Marketplace Fee of $1,200 must be paid to secure your investment property, remove it from the marketplace and initiate the purchase process.If your offer has a contingency and you cancel before the contingency termination date, the Marketplace fee will be refunded. It is non-refundable in all other cases.

Purchase and Sale Agreement (PSA): A PSA will be delivered electronically promptly following payment of the Marketplace Fee and must be executed by Buyer within 24 hours of receipt.

Earnest Money Deposit (EMD) of $1,500 must be wired to the Title Company within 3 days of PSA signing.

Appraisal Contingency is available for financed properties, and will be waived automatically if the property appraises for the sale price. If it does not appraise for the sale price, then the Buyer and Seller will have the opportunity to come to terms or the Buyer can cancel the contract.

Closing Date: The Closing Date will occur within 15 days of PSA execution for cash transactions and 30 days of PSA execution for financing unless otherwise agreed by Buyer and Seller

Lease Agreement: The current lease agreement will be provided to Buyer at Closing.

Closing Costs: Closing costs shall be paid based on local custom, and will include discounts negotiated by Roofstock to lower transaction costs for Buyers and Sellers. An estimate of closing costs is provided in the Diligence Vault and actual closing costs will be outlined on the final settlement statement.

Title and Settlement Provider: Roofstock's standard closing process includes preferred partners who act as the title and escrow agent for this property. Our preferred partners have agreed to provide discounted escrow and settlement services to purchasers of properties via the Roofstock marketplace to lower your investment costs. If you would like to use a different provider for these services, please contact us.

Listing Broker: Roofstock Realty, LLC

Learn more about the investment process