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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $107.75
- 3 Days on Market
- MLS # : OM612672
- Updated Date : 12/19/2020 at 14:53
CONSTRUCTION
- Beds : 4
- Floor Size : 1,949 sqft
- Baths : 3 full
Listing Agent
Ocala Realty World Llc
Listing Agent's Description
This beautiful home features laminate flooring with fresh paint. The kitchen has stainless steel appliances, granite counter-tops, and breakfast bar. The two bedrooms in the back have a jack and jill bathroom. The master bedroom leads out to the lanai, has dual sinks and a walk-in closet. There is a community center and pool available for the family to enjoy. Do not miss out! Multiple offers. Submit highest and best offer no later than Monday, December 12, 2020 at noon.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ruskin
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$775 |
| Property Tax | -$351 | |
| Property Insurance | -$150 | |
| HOA | -$15 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$221
|
||
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.
$210,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.78%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,400
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
11.33
YEARS SAVED
$41,009
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,618
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
2220 Colville Chase Dr Ruskin, FL 5
- 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2009 4 beds 3 baths ∙ 1,949 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,640
- $0.84
-
2220 Roanoke Springs Dr Ruskin, FL 1
- 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,704 Sqft ∙ Built 2006
LEASED 09/20/19- Rent
- Rent Per SQFT
- $1,400
- $0.82
-
214 Smokey Hill Ave Ruskin, FL 2
- 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 2006
LEASED 07/16/19- Rent
- Rent Per SQFT
- $1,450
- $0.81
-
2345 Roanoke Springs Dr Ruskin, FL 3
- 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2006
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
2347 Roanoke Springs Dr Ruskin, FL 4
- 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.80
PROPERTY LISTING DETAILS
1.352.789.6746
Ocala Realty World Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: OM612672
Last Updated: 12/19/2020
