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2211 Purple Orchid Pl Ruskin, FL 33570

4 Beds 2 Baths 1,939 sqft Built 2016

$227,500

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $117.33
  • 2 Days on Market
  • MLS # : T3280392
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,939 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

Vacant and Move-in Ready! Check out this refreshed and nearly new 4 bedroom in Riverbend West! Open concept floorplan with a huge family room, island kitchen, tile in the wet areas, new vinyl plank flooring and new carpet in the bedrooms. Large master has great closet space, double sinks and shower. Secondary bedrooms are split from master for privacy down their own hallway. Enjoy the view of the community pond from your backyard or take a stroll over to dog park, pool or playground. Quick access to US 41 and I-75, allowing for easy commute to St. Pete, Sarasota, and Tampa. Riverbend is one of Ruskin's most popular neighborhoods. Take a look today before it’s gone!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$204,750$250,250$227,500

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$839
Property Tax -$421
Property Insurance -$149
HOA -$32
Property Management Fees -$129
CASH FLOW
$19

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.

$227,500

PROJECTED PRICE

$1,590

PROJECTED RENT

0.70%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,038

INVESTMENT

$66,038

Down Payment
$56,875
Rehab Estimate
$5,750
Closing Costs
$3,413

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$839

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,875
Loan Amount $170,625
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$19,784

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,600

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5503$1,5904$1,5955$1,595
$1,595
RENT COMPS ANALYSIS
  • 2211 Purple Orchid Pl Ruskin, FL 3
    • 4 beds 2 baths ∙ 1,939 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,939 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.82
    •  
  • 2303 Roanoke Springs Dr Ruskin, FL 1
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2006
    property image
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.80
    •  
  • 2248 Roanoke Springs Dr Ruskin, FL 2
    • 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,911 Sqft ∙ Built 2006
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.81
    •  
  • 2345 Roanoke Springs Dr Ruskin, FL 4
    • 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2006
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 2347 Roanoke Springs Dr Ruskin, FL 5
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280392
Last Updated: 12/13/2020
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