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1817 Harbour Blue St Ruskin, FL 33570

5 Beds 4 Baths 2,220 sqft Built 2014

$280,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $126.13
  • 3 Days on Market
  • MLS # : T3296565
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,220 sqft
  • Baths : 3 full , 1 half
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Come and see this spacious two story home in the gated Hawks Point Community. This beautiful home features 5 bedrooms altogether with the master bedroom with walk in closet downstairs. The master bathroom features a large walk in shower and dual sinks with granite countertops. This home also has a half bath downstairs along with large family and dining room space. Not to be missed is the great under the stairs storage. The kitchen features granite countertops, wood cabinets and stainless steel appliances. Double sliding doors take you to a large yard with plenty of room to relax. Upstairs you will find 4 more bedrooms and 2 full baths along with a loft space for hanging out. The home is a short walk to the pool or a drive to the community center where your family can enjoy community amenities which include a clubhouse, fitness center, a resort style pool, parks, and playgrounds. This home is close to schools, shopping, and dining with easy access to I-75 and US 41. The South Shore area is one of the most rapidly expanding areas in all of Hillsborough County. You do not want to miss this opportunity.

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MARKET HIGHLIGHTS

  • 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)
  • One of the best cost-friendly American cities to do business (KPMG)

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$973
Property Tax -$397
Property Insurance -$165
HOA -$77
Property Management Fees -$129
CASH FLOW
-$22

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.

$280,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.61%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$16,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,7004$1,7205$1,825
$1,825
RENT COMPS ANALYSIS
  • 1817 Harbour Blue St Ruskin, FL 4
    • 5 beds 4 baths ∙ 2,220 Sqft ∙ Built 2014 5 beds 4 baths ∙ 2,220 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.77
    •  
  • 907 Peregrine Hill Pl Ruskin, FL 1
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2014
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 926 Meadow Glade Dr Ruskin, FL 2
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2015
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 163 Star Shell Dr Apollo Beach, FL 3
    • 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,061 Sqft ∙ Built 2012
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 1909 Redmond Brook Ln Ruskin, FL 5
    • 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,334 Sqft ∙ Built 2017
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.78
    •  
PROPERTY LISTING DETAILS
Molly Rizzi
1.813.446.5445
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296565
Last Updated: 03/20/2021
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