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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $112.18
- 5 Days on Market
- MLS # : U8112113
- Updated Date : 02/04/2021 at 09:44
CONSTRUCTION
- Beds : 4
- Floor Size : 2,495 sqft
- Baths : 2 full , 1 half
Listing Agent
Tradewind Properties
Listing Agent's Description
Beautiful River Bend Community! Super spacious 4 bedroom, 2.5 bath and 2 car garage you can enjoy! Kitchen features stainless steel appliances, granite tops, food prep island and plenty of cabinets and crown molding! The first floor features beautiful wood laminate floors. Huge Master Bedroom 20 x 12 with walk in closet. Energy efficient windows, ceiling fans in all bedrooms. Huge private yard for relaxing and no rear neighbor - just nature! River Bend community has a park, playground, tennis courts, and gorgeous community club house and pool!
SEE MORE
- 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
* 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 | $1,660 |
| EXPENSES | Loan Payment | -$972 |
| Property Tax | -$408 | |
| Property Insurance | -$182 | |
| HOA | -$25 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$56
|
||
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.
$279,900
PROJECTED PRICE
$1,660
PROJECTED RENT
0.59%
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
$79,924
LOAN DETAILS
$972
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
5
YEARS SAVED
$14,007
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.67
LIST RENT PER SQFT
-
$1,672
COMP ESTIMATED VALUE -
$0.67
COMP AVG. RENT PER SQFT
Comps Range
-
2413 Dakota Rock Dr Ruskin, FL 3
- 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,495 Sqft ∙ Built 2013
![property image]()
- Rent
- Rent Per SQFT
- $1,660
- $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
![property image]()
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
![property image]()
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
![property image]()
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
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,900
- $0.76
PROPERTY LISTING DETAILS
1.727.743.0528
Tradewind Properties
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112113
Last Updated: 02/04/2021
