Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

403 Blakely Ct Ruskin, FL 33570

4 Beds 3 Baths 2,035 sqft Built 2014

$255,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $125.31
  • 2 Days on Market
  • MLS # : T3282137
  • Updated Date : 12/27/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,035 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams - New Tampa

Listing Agent's Description

Home Sweet Home! Curb appeal for sure, St. Agustine Grass and a Beautiful Palm tree awaits you as you pull into the driveway. New landscaping already done for you. This beautiful 4/2.5 split bedroom floorplan features stainless steel appliances, pendant lighting, ceramic tile floors, and a open floor concept. A huge covered patio awaits your backyard oasis. The oversized master bedroom has a beautiful trey ceiling and separate garden tub and shower. Conveniently located to Tampa, St. Pete & Bradenton. Also a 40minute drive to world renown beaches. Come take a look!

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
 

$229,500$280,500$255,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$941
Property Tax -$362
Property Insurance -$155
HOA -$33
Property Management Fees -$129
CASH FLOW
$170

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.

$255,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.70%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,325

INVESTMENT

$73,325

Down Payment
$63,750
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,750
Loan Amount $191,250
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$40,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,765

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6453$1,6854$1,7755$1,790
$1,790
RENT COMPS ANALYSIS
  • 403 Blakely Ct Ruskin, FL 5
    • 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,035 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.88
    •  
  • 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
    •  
  • 1107 Lauren Manor Loop Ruskin, FL 2
    • 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 2011
    LEASED 09/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.88
    •  
  • 410 Blakely Ct Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,864 Sqft ∙ Built 2014
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.90
    •  
  • 511 Corbett Bluff Dr Ruskin, FL 4
    • 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,037 Sqft ∙ Built 2012
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.87
    •  
PROPERTY LISTING DETAILS
Lori Bowden
1.813.312.0338
Keller Williams - New Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282137
Last Updated: 12/27/2020
BESbswy