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2214 Pleasant View Ave Ruskin, FL 33570

4 Beds 2 Baths 1,559 sqft Built 2007

$204,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $131.43
  • 4 Days on Market
  • MLS # : T3275091
  • Updated Date : 11/12/2020 at 18:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,559 sqft
  • Baths : 2 full
Listing Agent

Star Bay Realty Corp.

Listing Agent's Description

Tastefully REMODELED DREAM HOME located in Bayou Pass community 4 bedrooms plus office, 2 baths, 1 car garage with an open floor plan. This Freshly Painted home features an open floor-plan, large kitchen with Dining Room, lots of cabinets and counter space. Kitchen overlooks the nice, large family room! Fresh paint throughout! New laminate and new carpet thru out the entire home! Spacious master bedroom and a nice large walking closet. Bayou Pass Village has so much to offer! Large community pools, clubhouse with catering kitchen and bar area, playgrounds, walking trails, basketball courts, NO CDD and low HOA!! Easy commute to Tampa, Brandon, Mac Dill AFB, Ellenton premium outlets, Enjoy the local beaches, Manatee River, E.G Simmons Park...

SEE MORE

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
 

$184,410$225,390$204,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$756
Property Tax -$291
Property Insurance -$127
HOA -$59
Property Management Fees -$80
CASH FLOW
$77

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.

$204,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.2%
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$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$60,049

INVESTMENT

$60,049

Down Payment
$51,225
Rehab Estimate
$5,750
Closing Costs
$3,074

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,225
Loan Amount $153,675
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$24,686

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,438

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3493$1,3904$1,4505$1,499
$1,499
RENT COMPS ANALYSIS
  • 2214 Pleasant View Ave Ruskin, FL 3
    • 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.89
    •  
  • 1802 Peaceful Palm St Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2011
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 2208 Pleasant View Ave Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2008
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.92
    •  
  • 823 College Leaf Way Ruskin, FL 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2010
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 1328 Bayou Pass Dr Ruskin, FL 5
    • 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 2006
    property image
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.96
    •  
PROPERTY LISTING DETAILS
David O'brien
1.813.361.0001
Star Bay Realty Corp.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275091
Last Updated: 11/12/2020
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