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636 Tanana Fall Dr Ruskin, FL 33570

3 Beds 2 Baths 1,835 sqft Built 2010

$234,800

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $127.96
  • 2 Days on Market
  • MLS # : T3280970
  • Updated Date : 12/20/2020 at 00:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,835 sqft
  • Baths : 2 full
Listing Agent

Acclaim Realty Co.

Listing Agent's Description

Beautifully updated and move in ready home waiting for the most discriminating buyers! This Taylor Morrison Pinehurst model is an open floor concept that gives you an abundance of space for all including a den at the entrance which can be used for an office or play area. Spacious kitchen and plenty of cabinets and counter space to make any cook happy. Enjoy the relaxing view of the water from your screened in lanai that overlooks a pond and a lake. The home is located in the desirable community of River Bend! Amenities include a community pool, a kiddie pool, tennis courts, playground dog park as well as a fitness center. Conveniently located to I75/Hwy 41 as well as shopping/hospitals and beaches. Your buyers will not be disappointed!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$211,320$258,280$234,800

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 -$866
Property Tax -$365
Property Insurance -$143
HOA -$21
Property Management Fees -$129
CASH FLOW
$96

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.

$234,800

PROJECTED PRICE

$1,620

PROJECTED RENT

0.69%

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

PROJECTED ANNUAL CASH FLOW

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

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$67,972

INVESTMENT

$67,972

Down Payment
$58,700
Rehab Estimate
$5,750
Closing Costs
$3,522

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$866

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,700
Loan Amount $176,100
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$29,723

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
  • $0.88

    LIST RENT PER SQFT
  • $1,523

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4503$1,5954$1,5955$1,620
$1,620
RENT COMPS ANALYSIS
  • 636 Tanana Fall Dr Ruskin, FL 5
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $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
    •  
  • 214 Smokey Hill Ave Ruskin, FL 2
    • 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,790 Sqft ∙ Built 2006
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.81
    •  
  • 2345 Roanoke Springs Dr Ruskin, FL 3
    • 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,801 Sqft ∙ Built 2006
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.89
    •  
  • 2347 Roanoke Springs Dr Ruskin, FL 4
    • 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,995 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.80
    •  
PROPERTY LISTING DETAILS
Kathy Kemp
1.813.684.5982
Acclaim Realty Co.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280970
Last Updated: 12/20/2020
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