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1623 Broad Winged Hawk Dr Ruskin, FL 33570

4 Beds 2 Baths 1,935 sqft Built 2020

$229,990

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $118.86
  • 3 Days on Market
  • MLS # : T3277970
  • Updated Date : 12/04/2020 at 14:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,935 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

STUNNING NEARLY NEW HOME! This beautiful 4 Bedroom, 2 Bath, 2 Car Garage home is nestled on a large corner lot in the quiet Hawks Landing community. Less than 1 year old! This popular Hartford floorplan boasts open spaces PERFECT FOR ENTERTAINING! Large living room, dining room, and kitchen. Perfect for entertaining!! The kitchen features a large island complete with breakfast bar, stunning wood cabinets with crown molding, and nearly new appliances! This home also comes complete with hurricane shutters, high efficiency dual a/c, & the builder's structural warranties convey. The Master bedroom is HUGE, featuring en-suite bath with dual sinks & enormous closet! The additional 3 bedrooms are spacious and located on the opposite side of the home allowing plenty of privacy. Meticulously maintained and loved! LOW HOA! Convenient to dining, schools, shopping, The Manatee Viewing Center, Apollo Beach Nature Park on Tampa Bay. NO WAITING ON BUILDERS AVAILABLE NOW! Book Your Private Showing TODAY!

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MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Ruskin

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k329k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ruskin

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781592

* 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
Thompson Elementary School Primary Regular 870 64 NA
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Thompson Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 64
NA
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
 

$206,991$252,989$229,990

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$849
Property Tax -$326
Property Insurance -$149
HOA -$10
Property Management Fees -$129
CASH FLOW
$317

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$229,990

PROJECTED PRICE

$1,780

PROJECTED RENT

0.77%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.2%
Maintenance Year (1-5) 3.00%
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$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,947

INVESTMENT

$62,947

Down Payment
$57,498
Rehab Estimate
$2,000
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,498
Loan Amount $172,493
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$58,741

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,775

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7003$1,7254$1,7495$1,780
$1,780
RENT COMPS ANALYSIS
  • 1623 Broad Winged Hawk Dr Ruskin, FL 5
    • 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.92
    •  
  • 1618 Broad Winged Hawk Dr Ruskin, FL 1
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2019
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.93
    •  
  • 1905 Broad Winged Hawk Dr Ruskin, FL 2
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 2018
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.89
    •  
  • 1614 Broad Winged Hawk Dr Ruskin, FL 3
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 2019
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.94
    •  
  • 1619 Broad Winged Hawk Dr Ruskin, FL 4
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2019
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.91
    •  
PROPERTY LISTING DETAILS
Christie Frankenstein
1.813.704.8748
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277970
Last Updated: 12/04/2020
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