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$369,000

For Sale - Active
201 Dragon Rd, Venice, FL 34293
3 Beds
2 Baths
1,471 Square Feet
0.28 Acres Lot
Built in 1966
For Sale - Active
1 Units
Checked: 19 hours ago
Updated: Aug 30, 2025 at 10:18AM

Investment Summary


Monthly Cash Flow
-$531
Cap Rate
4.4%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.3%

Property Description


0.28 Acres Lot
Built in 1966
For Sale - Active
1 Units

Fantastic Value in Venice! This beautifully updated 3-bedroom, 2-bath home is tucked away and offers incredible features inside and out. The kitchen and bathrooms shine with new countertops and stainless steel appliances, while the home boasts fresh interior paint and new flooring throughout, giving it a crisp, move-in ready feel. A spacious bonus room overlooks the sparkling screened-in pool, perfect for entertaining or simply relaxing. Major updates include a new septic system, new well, roof (2015), and HVAC (2015). You’ll also love the convenience of the extra shed for tools and toys. With no HOA and a prime location just 3.5 miles from South Venice Beach and close to shopping and dining, this home is the perfect blend of comfort, convenience, and Florida lifestyle living.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Shingle
  • Pool: Yes

Land Information

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

Lot Information

  • Parcel ID: 0434070043
  • Lot Size: 12000 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1966

Tax Information

  • Annual Tax: $4,386

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Sarasota

Listing Details


Listed by:
Victor Caputo, III
HOME ZONE REALTY INC
(630) 327-8636

Source:
Stellar MLS
MLS#: A4662959
Stellar MLS

Investment Summary


Monthly Cash Flow
-$531
Cap Rate
4.4%
Cash-on-Cash Return
-7.5%
Debt Coverage Ratio
0.72
Internal Rate of Return (5 years)
-3.3%

Purchase Details

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Purchase price:
$369,000
Amount financed:
-$295,200
Down payment:
$73,800
Closing costs:
$11,070
Rehab costs:
$0
Initial cash invested:
$84,870
Square feet:
1,471
Cost per square foot:
$251
Monthly rent per square foot:
$1.70

Financing Details

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Loan amount:
$295,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,890
Property tax:
$366
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,431

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$366-$4,387
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (40%)
40%-$991-$11,887

Cash Flow


Monthly Yearly
Net operating income:
$1,359 $16,308
Mortgage payments:
-$1,890 -$22,680
Cash flow:
$531 $6,372