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10203 Newminster Loop Ruskin, FL 33573

5 Beds 4 Baths 2,453 sqft Built 2016

$299,990

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $122.30
  • 5 Days on Market
  • MLS # : T3275398
  • Updated Date : 11/12/2020 at 09:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,453 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

No need to wait for new construction! This stunning five-bedroom home is ready for you now and shows just like a model, featuring an enormous gourmet kitchen with a walk-in pantry, granite countertops, and a beautiful spacious kitchen island. The formal dining room opens up into the family room. The spacious master bedroom is conveniently located downstairs and features his and her sinks in the bathroom and an ample walk-in closet connected to the laundry room. As we head upstairs, a large loft awaits you. Use this space as another living room or game room, or anything your heart desires. You'll find a full bathroom with dual sinks located in the main hallway. Space will never be an issue here with four additional bedrooms! Two of the bedrooms share a full-size Jack and Jill bathroom. Other features include a paved driveway, decorative stones in front of the home, luscious landscaping, and no backyard neighbors! Located in SouthShore, just minutes away from Tampa, this community is the perfect spot for those seeking a suburban lifestyle with resort-style amenities. Amenities include two Tennis Courts, a huge resort pool, basketball, and a playground, all overlooking a gorgeous pond. Centrally located just minutes to I-75, right off US301. ELIGIBLE FOR USDA. Buy this home with no money down! If you're looking for a new home in SouthShore, you won't want to wait to call Belmont home! Call us today to see this home before it's too late!

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MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$269,991$329,989$299,990

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,107
Property Tax -$436
Property Insurance -$179
HOA -$9
Property Management Fees -$80
CASH FLOW
-$50

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.

$299,990

PROJECTED PRICE

$1,760

PROJECTED RENT

0.59%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,247

INVESTMENT

$85,247

Down Payment
$74,998
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,998
Loan Amount $224,993
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$19,184

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,815

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7003$1,7604$1,8455$2,000
$2,000
RENT COMPS ANALYSIS
  • 10203 Newminster Loop Ruskin, FL 3
    • 5 beds 4 baths ∙ 2,453 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,453 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.72
    •  
  • 14437 Barley Field Dr Wimauma, FL 1
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2010
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 10263 Newminster Loop Ruskin, FL 2
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2013
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.74
    •  
  • 9916 Victory Gallop Loop Ruskin, FL 4
    • 4 beds 2 baths ∙ 2,598 Sqft ∙ Built 2018 4 beds 2 baths ∙ 2,598 Sqft ∙ Built 2018
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.71
    •  
  • 10115 Newminster Loop Ruskin, FL 5
    • 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ralph Martinez, Jr
1.813.784.6061
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275398
Last Updated: 11/12/2020
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