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$300,000

For Sale - Active
780 Montrose Dr Unit 101, Venice, FL 34293
3 Beds
2 Baths
1,803 Square Feet
3.75 Acres Lot
Built in 2006
For Sale - Active
1 Units
Checked: 6 hours ago
Updated: Aug 23, 2025 at 11:15PM

Investment Summary


Monthly Cash Flow
$3
Cap Rate
6.2%
Cash-on-Cash Return
0.1%
Debt Coverage Ratio
1.00
Internal Rate of Return (5 years)
4.1%

Property Description


3.75 Acres Lot
Built in 2006
For Sale - Active
1 Units

First-Floor Condo with Private Preserve Views. Experience the best of Florida living in this spacious 3-bedroom, 2-bath first-floor condo with a detached garage and private driveway. With no stairs and maintenance-free living, this home offers convenience and comfort at every turn. The condo is offered furnished if desired. The open layout is filled with natural light, featuring a bright Florida room and screened lanai overlooking the tranquil preserve. The living and dining areas flow seamlessly into the kitchen, complete with a breakfast bar and a cozy eat-in nook—perfect for entertaining or casual everyday living. The refrigerator and dishwasher were recently updated. The primary suite is a private retreat with a huge walk-in closet, beautiful bay window, dual sinks, and a walk-in shower. A split floor plan ensures privacy for guests with two additional bedrooms and a full bath, while a dedicated laundry room adds everyday ease. The private driveway also offers parking for two additional vehicles, making it easy to host visitors. With condominium ownership, exterior maintenance is fully handled, giving you the freedom to enjoy a carefree lifestyle. The community offers two sparkling pools and an active clubhouse, while optional membership at Plantation Golf & Country Club offers two 18-hole championship golf courses, 13 Har-Tru tennis courts, 6 pickleball courts, Bocce Ball, fitness center, Jr. Olympic pool along with dining and activity programs. Just minutes from Venice’s beautiful beaches, Wellen Park Downtown, shopping, dining, and easy access to I-75, this condo combines privacy, convenience, and the vibrant Florida lifestyle you’ve been looking for.

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Location


Property Details


Parking

  • Description: Garage Door Opener, Guest, Parking Pad
  • Details: Driveway, Garage Door Opener
  • 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: 9
  • # of Stories: 2

Exterior Features

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

HOA

  • Has HOA: Yes
  • Association: Sunstate Management
  • Additional Association: Advanced Management Inc.
  • Additional HOA Fee: $555/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Condominium Unit

Lot Information

  • Parcel ID: 0441151009
  • Lot Size: 163566 sqft

Property Information

  • Property Type: Condominium
  • Year Built: 2006

Tax Information

  • Annual Tax: $2,501

Utilities

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

Location

  • County: Sarasota

Listing Details


Listed by:
Shannon Thinnes
EXP REALTY LLC
(941) 232-6182

Source:
Stellar MLS
MLS#: N6140173
Stellar MLS

Investment Summary


Monthly Cash Flow
$3
Cap Rate
6.2%
Cash-on-Cash Return
0.1%
Debt Coverage Ratio
1.00
Internal Rate of Return (5 years)
4.1%

Purchase Details

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Purchase price:
$300,000
Amount financed:
-$240,000
Down payment:
$60,000
Closing costs:
$9,000
Rehab costs:
$0
Initial cash invested:
$69,000
Square feet:
1,803
Cost per square foot:
$166
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$240,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,537
Property tax:
$208
Insurance:
$182
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,927

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,600 $31,200
Vacancy loss: (6%)
6% -$156 -$1,872
Operating income:
$2,444 $29,328

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$208-$2,501
Insurance: (7%)
7%-$182-$2,184
Property management: (8%)
8%-$208-$2,496
Repairs & maintenance: (5%)
5%-$130-$1,560
Capital expenditures: (5%)
5%-$130-$1,560
HOA fees: (2%)
2%-$46-$552
Total operating expenses: (35%)
35%-$904-$10,853

Cash Flow


Monthly Yearly
Net operating income:
$1,540 $18,480
Mortgage payments:
-$1,537 -$18,444
Cash flow:
$3 $36