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1804 Early Bird Pl Ruskin, FL 33570

3 Beds 2 Baths 1,481 sqft Built 2014

$225,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $151.92
  • 5 Days on Market
  • MLS # : T3274954
  • Updated Date : 11/11/2020 at 16:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,481 sqft
  • Baths : 2 full
Listing Agent

Preston & Farley Inc

Listing Agent's Description

Desirable quaint gated community offering all amenities any family would desire. This beautiful 3-bedroom 2-bath house sits on a corner lot, on a quiet street, directly inside of the gates of a secure, immaculately kept neighborhood. Enjoy your quiet domain with a split bedroom floor plan. With an open living space, family time and entertaining brings everyone together with a Spacious kitchen that overlooks the living and dining room area. The kitchen has direct access to the garage, no lugging the groceries very far. Enjoy the outdoors with a private backyard covered lanai and spacious fenced in grass area with enough room for the kids and the pets to play. A short walk across the street brings you access to a community pool and playground. This neighborhood also includes a clubhouse, gym, dog park, playgrounds, and a recreational room. Run, walk, or bike around this inviting atmosphere. You don’t’ have to leave home for fun in the sun. A must see today.

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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

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
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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$830
Property Tax -$355
Property Insurance -$122
HOA -$75
Property Management Fees -$80
CASH FLOW
-$42

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.

$225,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.63%

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) 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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$830

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$13,388

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,4254$1,4955$1,580
$1,580
RENT COMPS ANALYSIS
  • 1804 Early Bird Pl Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.96
    •  
  • 1615 Alhambra Crest Dr Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2006
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 1207 Alhambra Crest Dr Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2008
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.91
    •  
  • 2334 Richwood Pike Dr Ruskin, FL 4
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2013
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 1613 Alhambra Crest Dr Ruskin, FL 5
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2006
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kendall Trosky
1.813.690.8844
Preston & Farley Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274954
Last Updated: 11/11/2020
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