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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $155.13
- 4 Days on Market
- MLS # : W7830778
- Updated Date : 02/13/2021 at 07:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,482 sqft
- Baths : 2 full
Listing Agent
54 Realty Llc
Listing Agent's Description
Charming 3 bedroom, 2 bath home in the gated community of Hawks Point! Upon entering the home you are welcomed into the foyer that leads to the open concept kitchen and living space featuring high ceilings and tile floors, with sliding door access to the backyard. The kitchen features a breakfast nook, stainless steel appliances, all wood cabinets, and granite countertops with bar overlooking the family room. The primary bedroom has a large walk-in closet and en suite bathroom with walk-in shower. Outside you will enjoy the covered patio with view of the fenced backyard, a blank slate to create your perfect outdoor oasis! Located in Ruskin, this home is convenient to I75 for easy commute to Tampa, access to the beautiful gulf beaches and plenty of restaurants and shopping!
SEE MORE
- #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
* 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 | $1,490 |
EXPENSES | Loan Payment | -$799 |
Property Tax | -$352 | |
Property Insurance | -$122 | |
HOA | -$80 | |
Property Management Fees | -$129 | |
CASH FLOW
$8
|
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.
$229,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.65%
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
$66,674
LOAN DETAILS
$799
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $57,475 |
Loan Amount | $172,425 |
6.17
YEARS SAVED
$15,804
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,508
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.813.435.5411
54 Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7830778
Last Updated: 02/13/2021