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916 Parker Den Dr Ruskin, FL 33570

3 Beds 2 Baths 1,478 sqft Built 2011

$242,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $164.07
  • 2 Days on Market
  • MLS # : T3289054
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,478 sqft
  • Baths : 2 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Beautiful corner lot property that has tons of light in every room! 3 bedrooms, 2 bathrooms, open floor plan with kitchen and family room combo great for entertainment, tile throughout, upgraded lighting fixtures, granite in both bathrooms, fans in each room and did we mention that this is a smart home? keyless entry and an electronic panel to control your security system with your phone. The kitchen provides stainless steel appliances, oversized island and granite counter tops. Screened covered patio/lanai with a separate fenced area for your pet! This home has a split floor plan with lots of space for entertaining. The community features a pool, playground, walking trails that wrap around the lakes. Bahia Lakes is located a mile and a half from Simmons Park where you can go camping, direct access to the bay and a public beach. Close to marinas, waterfront restaurants and new shopping area.

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
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
 

$218,250$266,750$242,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$842
Property Tax -$344
Property Insurance -$122
HOA -$28
Property Management Fees -$129
CASH FLOW
-$35

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.

$242,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.59%

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

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$70,013

INVESTMENT

$70,013

Down Payment
$60,625
Rehab Estimate
$5,750
Closing Costs
$3,638

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$842

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $60,625
Loan Amount $181,875
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$13,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,437

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4303$1,5504$1,6005$1,675
$1,675
RENT COMPS ANALYSIS
  • 916 Parker Den Dr Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.97
    •  
  • 911 Brenton Leaf Dr Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 2007
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.99
    •  
  • 615 Chatham Walk Dr Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2017
    property image
    LEASED 08/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 931 Seminole Sky Dr Ruskin, FL 4
    • 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,754 Sqft ∙ Built 2007
    property image
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 5330 Clover Mist Dr Apollo Beach, FL 5
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 2005
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.98
    •  
PROPERTY LISTING DETAILS
Laura Meza Wulf
1.813.812.9456
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289054
Last Updated: 02/07/2021
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