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$499,000

Sale Pending
11467 Conch Ct, Venice, FL 34292
3 Beds
2 Baths
1,987 Square Feet
0.17 Acres Lot
Built in 2006
Sale Pending
1 Units
Checked: 10 hours ago
Updated: Jun 27, 2025 at 03:55AM

Investment Summary


Monthly Cash Flow
-$735
Cap Rate
4.4%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.5%

Property Description


0.17 Acres Lot
Built in 2006
Sale Pending
1 Units

Under contract-accepting backup offers. People love Florida for the wonderful year-round opportunity of being outdoors….. THIS HOME WAS MADE FOR FLORIDA LIVING! The vast, covered outdoor living area equipped with ceiling fans and screens, which encompasses over 800 square feet, makes this patio space truly an extension of comfortable living space and you will find yourself living more on the outside, instead of the inside. That said, you will be equally intrigued with the renovations that make this home warm and welcoming from the moment you step inside. With modifications to the original plan, this is now a full 3-bedroom home with the versatility of the 3rd bedroom as an office or guest suite with glass French doors and attractive murphy bed system disguised as a sliding bookcase/ display wall. The kitchen’s modern-day updates include mark-resistant appliances, built-in oven/microwave, cooktop w/hood-vent, oversized entertainment island and is open to living, dining and family room spaces with sights to and thru the covered patio to the beautiful water views. NEW in this home are the AC, water heater, kitchen fridge. NEWER are Ring camera, Schlage keypad lock, electric wired for generator, exterior paint. AMAZING Lanai extension a young 4-years old. Security controlled/ gated Stoneybrook Community is amenity rich with resort style pool, spa, splash-pad, clubhouse, fitness center, children’s playground, tennis, basketball, and so much more! Most furnishings available for separate purchase.

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Location


Property Details


Parking

  • Description: Garage Door Opener
  • Details: Garage Door Opener, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 1

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: LELAND MGMT/ SCOTT REARDEAN
  • HOA Fee: $689/quarterly

Land Information

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

Lot Information

  • Parcel ID: 0756021600
  • Lot Size: 7199 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 2006

Tax Information

  • Annual Tax: $4,369

Utilities

  • Water & Sewer: Public
  • Heating: Heat Pump
  • Cooling: Central Air

Location

  • County: Sarasota

Listing Details


Listed by:
Cindy Schatzle
COLDWELL BANKER REALTY
(941) 587-7556

Source:
Stellar MLS
MLS#: A4637720
Stellar MLS

Investment Summary


Monthly Cash Flow
-$735
Cap Rate
4.4%
Cash-on-Cash Return
-7.7%
Debt Coverage Ratio
0.71
Internal Rate of Return (5 years)
-3.5%

Purchase Details

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Purchase price:
$499,000
Amount financed:
-$399,200
Down payment:
$99,800
Closing costs:
$14,970
Rehab costs:
$0
Initial cash invested:
$114,770
Square feet:
1,987
Cost per square foot:
$251
Monthly rent per square foot:
$1.76

Financing Details

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Loan amount:
$399,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,556
Property tax:
$364
Insurance:
$245
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,165

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,500 $42,000
Vacancy loss: (6%)
6% -$210 -$2,520
Operating income:
$3,290 $39,480

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$364-$4,369
Insurance: (7%)
7%-$245-$2,940
Property management: (8%)
8%-$280-$3,360
Repairs & maintenance: (5%)
5%-$175-$2,100
Capital expenditures: (5%)
5%-$175-$2,100
HOA fees: (7%)
7%-$230-$2,760
Total operating expenses: (42%)
42%-$1,469-$17,629

Cash Flow


Monthly Yearly
Net operating income:
$1,821 $21,852
Mortgage payments:
-$2,556 -$30,672
Cash flow:
$735 $8,820