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827 College Chase Dr Ruskin, FL 33570

3 Beds 2 Baths 1,592 sqft Built 2008

$222,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $139.45
  • 5 Days on Market
  • MLS # : T3278652
  • Updated Date : 12/02/2020 at 22:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,592 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty S.shore

Listing Agent's Description

NO CDD! LOW HOA! CORNER LOT! Beautiful home just minutes to I-75 and Tampa Bay. From the moment you walk into your living and dining room all the way through to your open kitchen and family room you will love the space and floor plan. The living room is pre-wired for surround sound. The home has beautiful arched entry ways and decorative built in nooks. Two bedrooms and a bath are in the front right hallway while you have lots of privacy with the master bedroom and bath in the back right of the home. Master bath has dual sinks and a separate tub and shower stall. Large walk-in closet. Back yard completely fenced on a corner lot.

SEE MORE

MARKET HIGHLIGHTS

  • #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

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
 

$199,800$244,200$222,000

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$819
Property Tax -$315
Property Insurance -$129
HOA -$55
Property Management Fees -$129
CASH FLOW
-$37

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.

$222,000

PROJECTED PRICE

$1,410

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,580

INVESTMENT

$64,580

Down Payment
$55,500
Rehab Estimate
$5,750
Closing Costs
$3,330

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$819

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,500
Loan Amount $166,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$14,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,413

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3753$1,4104$1,4505$1,645
$1,645
RENT COMPS ANALYSIS
  • 827 College Chase Dr Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.89
    •  
  • 1802 Peaceful Palm St Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2011
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 1008 Larwood Pine Dr Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 2008
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.86
    •  
  • 823 College Leaf Way Ruskin, FL 4
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 2010
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.92
    •  
  • 1107 Lauren Manor Loop Ruskin, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Kerin Clarkin
1.813.641.8300
Keller Williams Realty S.shore
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278652
Last Updated: 12/02/2020
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