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705 Cristelle Jean Dr Ruskin, FL 33570

4 Beds 3 Baths 1,844 sqft Built 2006

$235,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $127.44
  • 3 Days on Market
  • MLS # : T3292468
  • Updated Date : 02/27/2021 at 23:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,844 sqft
  • Baths : 2 full , 1 half
Listing Agent

Frank Albert Realty

Listing Agent's Description

MULTIPLE OFFERS! Highest and best by 7:30pm on Sunday! Spacious 4 bedroom, 2.5 bath and 2 car garage home, huge oversized lot. Kitchen features plenty of cabinets, separate pantry closet, and a breakfast bar peninsula. First floor master suite!! Guest half bathroom downstairs with 3 additional spacious bedrooms upstairs. The upstairs bathroom has a double vanity with a separate room for the toilet and shower! New A/C, garage has an epoxy coating throughout, and the driveway has recently been redone too. Enjoy a large outdoor space with a tree lined backyard. Located at the end of a quiet cul-de-sac, no thru traffic to worry about. Just minutes from US-41 and I-75, your a convenient drive to beaches, employment, and nightlife. Extremely close to the Amazon warehouse, and Little Harbour Beach. Don't want to move in right away but want to lock in low interest rates?? Perfect! This home comes with a fantastic tenant through June paying $1,525 a month. This home makes a fantastic first home for someone or a great investment property! Priced to sell!

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MARKET HIGHLIGHTS

  • 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)
  • #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)

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
Thompson Elementary School Primary Unknown NA
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Thompson Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$816
Property Tax -$333
Property Insurance -$144
HOA -$35
Property Management Fees -$129
CASH FLOW
$42

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.

$235,000

PROJECTED PRICE

$1,500

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$800k

PROJECTED ANNUAL CASH FLOW

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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$19,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5753$1,5954$1,5955$1,749
$1,749
RENT COMPS ANALYSIS
  • 705 Cristelle Jean Dr Ruskin, FL 1
    • 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,844 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.81
    •  
  • 1217 Sheridan Bay Dr Ruskin, FL 2
    • 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2009 3 beds 3 baths ∙ 1,874 Sqft ∙ Built 2009
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.84
    •  
  • 1801 Broad Winged Hawk Dr Ruskin, FL 3
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 2019
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 1218 Alhambra Crest Dr Ruskin, FL 4
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2007
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.85
    •  
  • 1722 Broad Winged Hawk Dr Ruskin, FL 5
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 2019
    property image
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.92
    •  
PROPERTY LISTING DETAILS
Justin Jones
1.727.365.9339
Frank Albert Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292468
Last Updated: 02/27/2021
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