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$419,900

For Sale - Active
13454 Dimarco St, Venice, FL 34293
2 Beds
2 Baths
1,541 Square Feet
0.11 Acres Lot
Built in 2006
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: Aug 23, 2025 at 11:13PM

Investment Summary


Monthly Cash Flow
-$1,147
Cap Rate
2.9%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.8%

Property Description


0.11 Acres Lot
Built in 2006
For Sale - Active
Units n/a

Move right in to this turnkey Divosta built 2-bedroom, 2-bath villa with tile thruout, located in the gated community of Islandwalk with its unique lakes and Venetian-style bridges. This solidly constructed home features an open floor plan, spacious living areas, and ample natural light throughout. Enjoy the Florida lifestyle with your own private pool, perfect for relaxing or entertaining. With quality craftsmanship, this original DiVosta poured concrete constructed home has a well-designed layout that offers both comfort and durability. With 2 spacious master bedroom suites, it ensures privacy for both you and your guests. Lifestyle is the key word here! Islandwalk offers two clubhouses with resort-style and lap pools, spas, fitness centers, 12 lighted pickleball courts, 8 Har-Tru tennis courts, bocce ball, a dog park, fire pits, and grilling area, and also larger concrete paths for your golf cart. Beyond the gates, you’re just minutes away from Manasota and Venice Beach, Downtown Venice restaurants, charming shops and theater,  Enjoy Resort-style living close to beaches, shopping, and restaurants!   Just outside the side gate, enjoy the excitement of the Atlanta Braves' spring training at Cool Today Park and the Wellen Park community with shopping, dining, and events. IslandWalk is one of VENICE'S most social communities with a FULL TIME ACTIVITIES DIRECTOR, countless events and clubs and activities.  Whether you're looking for a full-time residence or a seasonal retreat, this is the perfect place to call your home in paradise! HOA includes internet and cable.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Concrete, Tile
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Casey Burch
  • HOA Fee: $1,096/quarterly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: 0781010860
  • Lot Size: 4680 sqft

Property Information

  • Property Type: Townhouse
  • Style: Traditional
  • Year Built: 2006

Tax Information

  • Annual Tax: $6,752

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Cheryl McTavish
COLDWELL BANKER REALTY
(610) 223-0080

Source:
Stellar MLS
MLS#: A4661831
Stellar MLS

Investment Summary


Monthly Cash Flow
-$1,147
Cap Rate
2.9%
Cash-on-Cash Return
-14.3%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.8%

Purchase Details

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Purchase price:
$419,900
Amount financed:
-$335,920
Down payment:
$83,980
Closing costs:
$12,597
Rehab costs:
$0
Initial cash invested:
$96,577
Square feet:
1,541
Cost per square foot:
$272
Monthly rent per square foot:
$1.82

Financing Details

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Loan amount:
$335,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,151
Property tax:
$563
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,910

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (20%)
20%-$563-$6,752
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (13%)
13%-$365-$4,380
Total operating expenses: (58%)
58%-$1,628-$19,532

Cash Flow


Monthly Yearly
Net operating income:
$1,004 $12,048
Mortgage payments:
-$2,151 -$25,812
Cash flow:
$1,147 $13,764