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8506 Hunters Fork Loop Ruskin, FL 33573

4 Beds 3 Baths 2,653 sqft Built 2017

$269,990

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $101.77
  • 2 Days on Market
  • MLS # : T3283367
  • Updated Date : 01/09/2021 at 14:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,653 sqft
  • Baths : 2 full , 1 half
Listing Agent

Signature Realty Associates

Listing Agent's Description

Check out this GOLDEN opportunity to own an amazing home in the beautiful neighborhood of Cypress Creek, located in Ruskin. This spacious 2,653 square feet, 2 story, 4 bedroom, 2.5 bathrooms, and 2 car garage home has EVERYTHING you have been looking for. As you arrive at YOUR future home you will notice the large driveway and front door entry. When you enter into the foyer, observe the HUGE office to the left, then follow the hall to the wonderful open floor plan which includes the formal living room, and formal dining area. The formal living room and dining room will spark the attention of your guests as you entertain, perfect for dinner parties and hosting events in the heart of your own home. Make your way into the very spacious kitchen, which has the best view of the home overlooking the large kitchen island, dining room, family entertainment room, and the wonderful backyard. Soon it will be TIME to enjoy a SPRING BBQ in the spacious backyard, throw the football, or play a game of corn hole. As you make your way upstairs, you will immediately notice the OVERSIZED loft perfect for kid's school area/play room or secondary entertainment area. The three secondary bedrooms share a full bath. As you step into the master suite you will enter into your own oasis, this HUGE master bedroom has plenty of space for a KING BED and seating area to watch TV or read a book. The master bathroom includes his and her vanities, a walk-in shower, followed by an ENOURMOUS walk-in closet. WHAT MORE COULD YOU ASK FOR?!!

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

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k329k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8781597

* 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
Cypress Creek Elementary School Primary Regular 649 60 2
Shields Middle School Middle Regular 1,474 99 2
Lennard High School High Regular 1,976 114 4

Cypress Creek Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 60
2
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
 

$242,991$296,989$269,990

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$938
Property Tax -$434
Property Insurance -$191
HOA -$53
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.

$269,990

PROJECTED PRICE

$1,800

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,297

INVESTMENT

$77,297

Down Payment
$67,498
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$938

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,498
Loan Amount $202,493
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$22,486

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $1,804

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6753$1,7504$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 8506 Hunters Fork Loop Ruskin, FL 4
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.68
    •  
  • 7506 Turtle View Dr Ruskin, FL 1
    • 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,558 Sqft ∙ Built 2009
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.63
    •  
  • 15454 Long Cypress Dr Ruskin, FL 2
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2007
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.70
    •  
  • 15530 Long Cypress Dr Ruskin, FL 3
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2007
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.64
    •  
  • 7237 Somerset Pond Dr Ruskin, FL 5
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2017
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
PROPERTY LISTING DETAILS
Nathan Harder
1.727.385.6479
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3283367
Last Updated: 01/09/2021
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