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2313 Pleasure Run Dr Ruskin, FL 33570

3 Beds 2 Baths 1,398 sqft Built 2006

$202,500

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $144.85
  • 2 Days on Market
  • MLS # : T3287630
  • Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,398 sqft
  • Baths : 2 full
Listing Agent

Suncoast Realty Solutions, Llc

Listing Agent's Description

Welcome Home! This well maintained 3 bedroom 2 bath Single-Family home is sitting on an oversized corner lot. New A/C in Oct 2019. New plank wood tile flooring throughout the home and nice decorator paint as well. Low HOA and No CDD fees! Great community with Clubhouse, 3 pools, 3 playgrounds and 2 basketball courts. Easy access to I-75 and beaches. Make your appointment Today!

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
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
 

$182,250$222,750$202,500

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$703
Property Tax -$287
Property Insurance -$117
HOA -$59
Property Management Fees -$129
CASH FLOW
-$6

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.

$202,500

PROJECTED PRICE

$1,290

PROJECTED RENT

0.64%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$59,413

INVESTMENT

$59,413

Down Payment
$50,625
Rehab Estimate
$5,750
Closing Costs
$3,038

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$703

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $50,625
Loan Amount $151,875
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$13,124

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,290

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,2953$1,3494$1,4505$1,499
$1,499
RENT COMPS ANALYSIS
  • 2313 Pleasure Run Dr Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.92
    •  
  • 1802 Peaceful Palm St Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2011
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 2208 Pleasant View Ave Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 2008
    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
    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
    LEASED 05/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.96
    •  
PROPERTY LISTING DETAILS
Tanya Watson
1.813.784.7806
Suncoast Realty Solutions, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3287630
Last Updated: 01/31/2021
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