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15449 Long Cypress Dr Ruskin, FL 33573

5 Beds 2 Baths 1,891 sqft Built 2007

$250,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $132.21
  • 2 Days on Market
  • MLS # : T3273840
  • Updated Date : 11/02/2020 at 12:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,891 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

WHY WAIT TO BUILD? ABSOLUTELY MOVE- IN READY ENERGY EFFICIENT HOME Just Waiting for you! This Stunning 5 Bedroom, 2 Bathroom, 3 CAR GARAGE Home has been upgraded to the max! Nothing else to do but move in and enjoy. With upgrades that include NEW A/C replaced in 2018 as well as NEW Smoke/Carbon Monoxide detectors throughout. A Solar System that SAVES YOU SO MUCH MONEY ON ELECTRIC! New Integrated Surveillance at exterior of home with recording system. Small home network system. Bathrooms have New water saving toilettes and a water heater timer! This is one efficient home! Additional room/den/office is perfect for extra space. New Wood Tile Flooring in Great Room & Main areas. All bedrooms have life proof vinyl plank flooring. Kitchen Boasts Granite Counters, New Moen Faucets, Stainless Steel Appliances and 42” Cabinets with Crown Molding. Fenced Backyard is a great place for Pets to Roam and Huge Paver Patio is Perfect for Entertaining Friends and Family. Covered Patio area provides shade for Outdoor Dining. Plenty of Storage in the 3 Car Tandem Garage! Cypress Creek offers Lots of Amenities including Community Pool, Playground, Recreational Facilities and more! Home is Conveniently Located near Shopping, Dining, Banking and area Freeways for Easy Commute. Make an appointment to view it Today before this dream home is GONE!

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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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
GreatSchools Rating

Shields Middle School

  • Education Level: Middle
  • # of students: 1,474
  • # of teachers: 99
2
GreatSchools Rating

Lennard High School

  • Education Level: High
  • # of students: 1,976
  • # of teachers: 114
4
GreatSchools Rating
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$922
Property Tax -$387
Property Insurance -$146
HOA -$43
Property Management Fees -$80
CASH FLOW
-$49

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.

$250,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.61%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$14,914

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,607

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5803$1,5954$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 15449 Long Cypress Dr Ruskin, FL 1
    • 5 beds 2 baths ∙ 1,891 Sqft ∙ Built 2007 5 beds 2 baths ∙ 1,891 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.81
    •  
  • 7512 Turtle View Dr Ruskin, FL 2
    • 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,911 Sqft ∙ Built 2009
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.83
    •  
  • 8129 Alamosa Wood Ave Ruskin, FL 3
    • 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,971 Sqft ∙ Built 2007
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 15407 Telford Spring Dr Ruskin, FL 4
    • 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,900 Sqft ∙ Built 2007
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 8125 Alamosa Wood Ave Ruskin, FL 5
    • 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,794 Sqft ∙ Built 2007
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
PROPERTY LISTING DETAILS
Kristina Butera
1.813.445.2202
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273840
Last Updated: 11/02/2020
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