Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10007 Ivory Dr Ruskin, FL 33573

3 Beds 2 Baths 1,591 sqft Built 2017

$260,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $163.42
  • 3 Days on Market
  • MLS # : T3297685
  • Updated Date : 03/27/2021 at 11:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,591 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Beautiful freshly painted Connecticut floor plan Features a very open floor plan with new carpet. A small foyer and easy access to the garage a very large combo living and dining, the kitchen is in the front of the home overlooking the family room area with plenty of space for an eat in kitchen. The master bedroom is very spacious with a walk in closet. The other two bedrooms are in the front of the home, full bathroom between them. Walk in laundry room with washer/dryer. You'll be conveniently located within miles from all of your shopping and entertainment needs. Minutes away to some of Florida's infamous St. Petersburg Beaches, Sarasota Beaches and Tampa Int'l Airport. This home features the finest state of the art energy efficiency!!! Your home will be beautifully appointed with granite counter tops, Stainless Steel Appliances, Expresso cabinets set in a staggered design with upper molding and brushed nickel hardware, ceramic tile on all wet area floors, washer & dryer, window blinds and more!. This home offer a relaxed lifestyle within easy access to everything and with lush landscaping and brick paver driveway.

SEE MORE

MARKET HIGHLIGHTS

  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)

PRICE & RENT TRENDS

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781597

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Doby Elementary School Primary Regular 808 65 6
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Doby Elementary School

  • Education Level: Primary
  • # of students: 808
  • # of teachers: 65
6
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$903
Property Tax -$393
Property Insurance -$129
HOA -$15
Property Management Fees -$129
CASH FLOW
-$8

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$260,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$17,039

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,560

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,603

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5603$1,5954$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 10007 Ivory Dr Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,591 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.98
    •  
  • 10004 Newminster Loop Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 2013
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 10321 Celtic Ash Dr Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 10014 Victory Gallop Loop Ruskin, FL 4
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2017
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 10145 Celtic Ash Dr Ruskin, FL 5
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2014
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Cyndi Massey
1.813.684.9500
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3297685
Last Updated: 03/27/2021
BESbswy