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2101 Colville Chase Dr Ruskin, FL 33570

3 Beds 2 Baths 1,525 sqft Built 2010

$219,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $144.20
  • 7 Days on Market
  • MLS # : T3282610
  • Updated Date : 01/09/2021 at 11:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,525 sqft
  • Baths : 2 full
Listing Agent

Re/max Bayside Realty Llc

Listing Agent's Description

One of the best deals/values on the market. 3/2 in riverbend on a LARGE corner lot. Solar panels are paid for ($20,000 value) and included. with a little TLC this is a beautiful home could be yours. open floor plan with a great Location! Call for a showing today

SEE MORE

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

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
Ruskin Elementary School Primary Regular 862 68 3
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Ruskin Elementary School

  • Education Level: Primary
  • # of students: 862
  • # of teachers: 68
3
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
 

$197,910$241,890$219,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$764
Property Tax -$312
Property Insurance -$125
HOA -$8
Property Management Fees -$129
CASH FLOW
$122

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.

$219,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.66%

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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$764

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

9.17

YEARS SAVED

$27,059

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
  • $0.96

    LIST RENT PER SQFT
  • $1,468

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,4753$1,4994$1,5255$1,685
$1,685
RENT COMPS ANALYSIS
  • 2101 Colville Chase Dr Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.96
    •  
  • 2234 Colville Chase Dr Ruskin, FL 2
    • 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,557 Sqft ∙ Built 2009
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.95
    •  
  • 2357 Roanoke Springs Dr Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2006
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.95
    •  
  • 515 Serenity Mill Loop Ruskin, FL 4
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 2018
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.05
    •  
  • 410 Blakely Ct Ruskin, FL 5
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2014
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.90
    •  
PROPERTY LISTING DETAILS
Bob Sherwood
1.813.516.5161
Re/max Bayside Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282610
Last Updated: 01/09/2021
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