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10274 Newminster Loop Ruskin, FL 33573

3 Beds 2 Baths 1,580 sqft Built 2008

$224,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $142.34
  • 3 Days on Market
  • MLS # : T3290124
  • Updated Date : 02/13/2021 at 15:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,580 sqft
  • Baths : 2 full
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

*Priced to Sell* Welcome home! This beautiful 3 bedroom, 2 bathroom home is situated on a peaceful man-made lake in Belmont, a lovely neighborhood surrounded by new shops, restaurants, businesses, and schools. Homes this well maintained rarely come available in this area, and this one is move-in ready. You will love the openness, laminate flooring, and the view from the family room! The kitchen is right in the heart of the house and it features plenty of prep space, cabinets, and a breakfast bar. The master retreat boasts high ceilings, a private en-suite bathroom, and a convenient walk in closet. The smart, split floorplan offers spacious living for the whole family. This home has been freshly painted inside and out, so all you have to do is move in! Residents of Belmont just love the convenience of the location, low HOA dues, and the gorgeous community pool. Schedule your showing today, before this one is gone! Irrigation system has not been used recently and is not warranted.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$781
Property Tax -$319
Property Insurance -$128
HOA -$10
Property Management Fees -$129
CASH FLOW
$213

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.

$224,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.70%

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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

10.83

YEARS SAVED

$36,094

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,631

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5803$1,5954$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 10274 Newminster Loop Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.00
    •  
  • 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
    •  
  • 10853 Kirkwall Port Dr Wimauma, FL 4
    • 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,598 Sqft ∙ Built 2015
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 10014 Victory Gallop Loop Ruskin, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Timothy Terpening P.a.
1.813.688.0068
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290124
Last Updated: 02/13/2021
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