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1974 Hawks View Dr Ruskin, FL 33570

3 Beds 2 Baths 1,501 sqft Built 2015

INVESTimate

$214,900

List Price

$1,460

$1,314 - $1,606

Rent Est.

$228,116  ( +6.15%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $143.17
  • 2 Days on Market
  • MLS # : U8095619
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,501 sqft
  • Baths : 2 full
Listing Agent

Century 21 Re Champions

Listing Agent's Description

Beautiful Open floor plan home... 3/2/2 in a Gated Community! Home is 5 years NEW, and it shows it. Kitchen features wood cabinetry, stainless appliances, granite counter-tops, a Laundry closet, and eat in kitchen space. Both bathrooms have matching wood vanities with granite counter-tops as well. The living room, walks out thru the sliding glass doors onto the covered porch, which is over looking the dog park and pool area. This means NO rear neighbor! Master suite is at the back of the home, split from the other 2 bedrooms. Hawks Point offers residents a gorgeous Community Pool and surrounding area, fenced play ground, fenced dog park, and a fitness center, etc. This gated community is centrally located with easy access to Tampa, Sarasota, St. Pete, etc! Close to I-75, I-4, airports, churches, restaurants, MacDill AFB and plenty of shopping. USDA qualified (this means you can purchase with NO down payment)!

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion 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
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
 

$193,410$236,390$214,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

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$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$793
Property Tax -$305
Property Insurance -$124
HOA -$76
Property Management Fees -$80
CASH FLOW
$83

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.

$214,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.15%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,699

INVESTMENT

$62,699

Down Payment
$53,725
Rehab Estimate
$5,750
Closing Costs
$3,224

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,725
Loan Amount $161,175
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$26,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,463

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4603$1,4954$1,5495$1,580
$1,580
RENT COMPS ANALYSIS
  • 1974 Hawks View Dr Ruskin, 2
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.97
    •  
  • 1615 Alhambra Crest Dr Ruskin, 1
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 2006
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 2334 Richwood Pike Dr Ruskin, 3
    • 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,504 Sqft ∙ Built 2013
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 904 Zone Tailed Hawk Pl Ruskin, 4
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2019
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.00
    •  
  • 1613 Alhambra Crest Dr Ruskin, 5
    • 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,612 Sqft ∙ Built 2006
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.98
    •  
PROPERTY LISTING DETAILS
Debbie Osborne
1.727.560.8761
Century 21 Re Champions
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8095619
Last Updated: 08/26/2020
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