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10041 Newminster Loop Ruskin, FL 33573

4 Beds 3 Baths 1,786 sqft Built 2015

$247,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $138.30
  • 2 Days on Market
  • MLS # : T3273414
  • Updated Date : 11/07/2020 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,786 sqft
  • Baths : 2 full , 1 half
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

Welcome to this beautiful home that is ready to be MOVED IN to, offering 4 bedrooms, 2 and a half bathrooms and a 2 car garage. Located in the neighborhood of Belmont in Ruskin FL. Belmont is a perfect Family-friendly community for those seeking a suburban lifestyle with resort-like style amenities such as a community pool, a playground, a basketball court, and two tennis courts! Furthermore, the area is currently in its blooming stage. Additionally, the schools zoned for this household are marvelous. This property is located in a cul-de-sac.The property also features an open concept floor plan downstairs completed with a bright cozy living room and dinning room area as well as an appointed kitchen with a nice and modern wood cabinetry, granite counters, stainless steel appliances, ample storage and closet/pantry. The kitchen opens up to spacious dining room/living room area providing a perfect and very comfortable space for all family gatherings. The glass sliders in the living room give access to a huge backyard completely fenced in. Upstairs you will find a great size master bedroom that includes a suite bathroom, walk in shower, dual sinks and a walk in closet. Inclusively, there are three additional bedrooms that are also of great size, having generous closets and share a second bathroom. Come view this house for yourself, without a doubt you'll be fascinated! Make sure to schedule your showing today!

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*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k329k

* 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
 

$222,300$271,700$247,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$911
Property Tax -$447
Property Insurance -$140
HOA -$10
Property Management Fees -$80
CASH FLOW
$72

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.

$247,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.67%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$71,205

INVESTMENT

$71,205

Down Payment
$61,750
Rehab Estimate
$5,750
Closing Costs
$3,705

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,750
Loan Amount $185,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$27,025

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6603$1,7004$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 10041 Newminster Loop Ruskin, FL 2
    • 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2015 4 beds 3 baths ∙ 1,786 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.93
    •  
  • 10335 Celtic Ash Dr Ruskin, FL 1
    • 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2008 4 beds 2 baths ∙ 1,938 Sqft ∙ Built 2008
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 10014 Victory Gallop Loop Ruskin, FL 3
    • 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
    •  
  • 10011 Ivory Dr Ruskin, FL 4
    • 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 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 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lisbet Lodeiro
1.813.532.7354
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273414
Last Updated: 11/07/2020
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