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2258 Roanoke Springs Dr Ruskin, FL 33570

4 Beds 3 Baths 2,430 sqft Built 2006

$274,900

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $113.13
  • 4 Days on Market
  • MLS # : T3274607
  • Updated Date : 11/06/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,430 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lombardo Team Real Estate Llc

Listing Agent's Description

This 4 bedroom, 2.5 bath home is sure to please. Sitting on a large pond in River Bend. Featuring easy-to-maintain laminate and tile flooring throughout. With Brand new Carpet in Bedrooms as well as upgraded dine-in kitchen with wood cabinets, granite countertops, pantry, designer tile backsplash, stainless steel appliances, and water view. Enjoy a spacious master suite including a walk-in closet, large vanity with two sinks, garden tub, shower, and toilet room. The 3rd and 4th bedrooms both feature laminate flooring. Screened in patio with pavers and a great view of the pond. River Bend is a deed-restricted community with community amenities including pools, tennis courts, playgrounds, and a dog park. The community center features a fitness facility, meeting room, kitchen, and outdoor screened lounge area. The Ruskin area has shopping, restaurants, beaches and a vintage drive-in movie theater and is conveniently located approximately 30 minutes away from Tampa, St. Petersburg, and Sarasota with easy access to US-41 and I-75.

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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,014
Property Tax -$390
Property Insurance -$178
HOA -$24
Property Management Fees -$80
CASH FLOW
-$66

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.

$274,900

PROJECTED PRICE

$1,620

PROJECTED RENT

0.59%

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$900k

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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$15,584

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $0.67

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5003$1,6204$1,7755$1,900
$1,900
RENT COMPS ANALYSIS
  • 2258 Roanoke Springs Dr Ruskin, FL 3
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.67
    •  
  • 525 Powder View Dr Ruskin, FL 1
    • 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,430 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.62
    •  
  • 609 Tanana Fall Dr Ruskin, FL 2
    • 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,441 Sqft ∙ Built 2013
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.61
    •  
  • 2253 Roanoke Springs Dr Ruskin, FL 4
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 2006
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.69
    •  
  • 138 Cascade Bend Dr Ruskin, FL 5
    • 5 beds 3 baths ∙ 2,505 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,505 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.76
    •  
PROPERTY LISTING DETAILS
Kennard M Blyden
1.813.992.0379
Lombardo Team Real Estate Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274607
Last Updated: 11/06/2020
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