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
10036 Smarty Jones Dr 
Ruskin, FL
33573
4 Beds 3 Baths 2,214 sqft
Built 2007
INVESTimate
$268,500
List Price
$76,903
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2007
- Price/Sqft : $121.27
- 2 Days on Market
- MLS # : A4476152
- Updated Date : 08/25/2020 at 14:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,214 sqft
- Baths : 2 full , 1 half
Listing Agent
Re/max Alliance Group
Listing Agent's Description
Beautiful former MODEL HOME in the community of Belmont! This home features 4 bedrooms, 2.5 baths, & 2 car garage with large driveway that fits up to 8 cars! First floor: upgraded kitchen, 42” cabinets with crown molding, stainless steel appliances, glass tile backsplash, Corian countertops, kitchen island, tile floors. Sliding door opens to patio & HUGE backyard, big enough for a pool! Large kitchen/family room combo, formal dining room, half bath, large indoor laundry room . Second floor: 4 bedrooms, 2 baths, large bonus room/loft .Master bedroom fits king size bed. Master ensuite bath has garden tub, walk-in shower, dual vanity, & private commode. Extras: SMART HOME NEST THERMOSTAT; control your thermostat from your phone & save energy w/ 2014 energy efficient A/C unit, wood blinds, ceiling fans. Community offers resort style pool, clubhouse, playground, tennis, & basketball courts. Conveniently located near shopping, outlets, dining, & beaches. Also close to I-75 for a short drive to Tampa airport, downtown Tampa, & MacDill Air Force Base.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Zip Code: 33573
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33573
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,900 |
| EXPENSES | Loan Payment | -$991 |
| Property Tax | -$381 | |
| Property Insurance | -$165 | |
| HOA | -$7 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$276
|
||
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.
$268,500
PROJECTED PRICE
$1,900
PROJECTED RENT
0.71%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 8.10% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.27% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$76,903
LOAN DETAILS
$991
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,125 |
| Loan Amount | $201,375 |
11.42
YEARS SAVED
$53,544
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,900
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,904
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
10036 Smarty Jones Dr Ruskin, 4
- 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2007
- Rent
- Rent Per SQFT
- $1,900
- $0.86
-
14215 Stockwell Ln Ruskin, 1
- 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,062 Sqft ∙ Built 2015
LEASED 11/16/19- Rent
- Rent Per SQFT
- $1,650
- $0.80
-
10048 Victory Gallop Loop Ruskin, 2
- 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,040 Sqft ∙ Built 2017
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,800
- $0.88
-
10267 Newminster Loop Ruskin, 3
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2008
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,900
- $0.90
-
10061 Sage Creek Dr Ruskin, 5
- 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.86
PROPERTY LISTING DETAILS
1.941.720.2517
Re/max Alliance Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: A4476152
Last Updated: 08/25/2020
