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$399,000

For Sale - Active
11150 Balfour St, Venice, FL 34293
3 Beds
3 Baths
1,855 Square Feet
0.14 Acres Lot
Built in 2021
For Sale - Active
1 Units
Checked: 5 hours ago
Updated: Aug 30, 2025 at 10:18AM

Investment Summary


Monthly Cash Flow
-$844
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Property Description


0.14 Acres Lot
Built in 2021
For Sale - Active
1 Units

This 3-bedroom, 3-bath, 2-car garage Venice Model offers the perfect blend of comfort, style, and convenience. Set within a low-HOA, gated neighborhood that is part of the sought-after Wellen Park master-planned community, this home delivers a relaxed Florida lifestyle without the high fees. Inside, the open-concept layout is bright and inviting, with high ceilings, abundant natural light, and tasteful finishes throughout. The kitchen is a true centerpiece, featuring stainless steel appliances, modern cabinetry, a large center island, and plenty of counter space — perfect for both everyday living and entertaining. The spacious primary suite includes a walk-in closet and a luxurious en-suite bath with dual vanities and a walk-in shower. Two additional bedrooms each enjoy their own full bathroom, offering comfort and privacy for guests or family. Step outside to the covered lanai, where you can enjoy peaceful mornings or relaxing evenings in a quiet, secure setting. Located in Wellen Park, ( which is currently rated # 6 NATIONALLY and climbing per RCLO's 2024 Years End Report you’ll have easy access to shopping, dining, golf, walking trails, and the exciting Downtown Wellen district — plus just a short drive to Gulf beaches and cultural attractions. This is Florida living made simple: a modern home, low-maintenance community, and a location that’s hard to beat

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle

HOA

  • Has HOA: Yes
  • Association: Associa Gulf Coast - Brandon Romine, CAM
  • HOA Fee: $825/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0785160056
  • Lot Size: 6024 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2021

Tax Information

  • Annual Tax: $7,969

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Sarasota

Listing Details


Listed by:
Linda Duquette
ENGEL & VOELKERS VENICE DOWNTOWN
(917) 637-0877

Source:
Stellar MLS
MLS#: N6139895
Stellar MLS

Investment Summary


Monthly Cash Flow
-$844
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$399,000
Amount financed:
-$319,200
Down payment:
$79,800
Closing costs:
$11,970
Rehab costs:
$0
Initial cash invested:
$91,770
Square feet:
1,855
Cost per square foot:
$215
Monthly rent per square foot:
$1.67

Financing Details

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Loan amount:
$319,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,044
Property tax:
$664
Insurance:
$217
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,925

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,100 $37,200
Vacancy loss: (6%)
6% -$186 -$2,232
Operating income:
$2,914 $34,968

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$664-$7,969
Insurance: (7%)
7%-$217-$2,604
Property management: (8%)
8%-$248-$2,976
Repairs & maintenance: (5%)
5%-$155-$1,860
Capital expenditures: (5%)
5%-$155-$1,860
HOA fees: (9%)
9%-$275-$3,300
Total operating expenses: (55%)
55%-$1,714-$20,569

Cash Flow


Monthly Yearly
Net operating income:
$1,200 $14,400
Mortgage payments:
-$2,044 -$24,528
Cash flow:
$844 $10,128