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930 Meadow Glade Dr Ruskin, FL 33570

4 Beds 2 Baths 1,594 sqft Built 2015

$220,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $138.02
  • 6 Days on Market
  • MLS # : T3278656
  • Updated Date : 12/03/2020 at 10:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,594 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Come home to Lennar's 4 bed, 2 bath "Sagemoor" where you will experience an open concept kitchen, living and dining area that will accommodate all your guests for entertaining. The kitchen features beautiful 42" staggered solid maple cabinets, granite counters, stainless steel appliances & an island adorned with pendant lighting that opens to the living area. Step out of your living area to your backyard of lush St Augusine grass through sliding glass doors. The Master Retreat has an en-suite bathroom with garden tub, dual sinks, large shower, walk-in closet, solid wood cabinets and granite counters. The 3 way split floorplan will give everyone the privacy they need especially if you have a need for a home office. This model was built with a 50 gallon hybrid water heater, 15 SEER HVAC and radiant barrier roof to help save on energy bills. The gated community of Hawks Point of South Shore features multiple playgrounds, pools, dog parks, a fitness center & a community center with a pool table, full kitchen and room to use for parties. Buyer responsible for verifying schools on http://www.sdhc.k12.fl.us. SCHEDULE TODAY BECAUSE THIS WON'T LAST LONG!

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
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
 

$198,000$242,000$220,000

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 -$812
Property Tax -$415
Property Insurance -$129
HOA -$80
Property Management Fees -$129
CASH FLOW
-$65

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.

$220,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.68%

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

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$11,076

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
  • $0.94

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,448
1$1,4482$1,4493$1,5004$1,5505$1,675
$1,675
RENT COMPS ANALYSIS
  • 930 Meadow Glade Dr Ruskin, FL 3
    • 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 2015 4 beds 2 baths ∙ 1,594 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 1721 Broad Winged Hawk Dr Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 2019
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,448
    • $0.94
    •  
  • 1732 Broad Winged Hawk Dr Ruskin, FL 2
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 2019
    property image
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.93
    •  
  • 1607 Carson White Ln Ruskin, FL 4
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 2006
    property image
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.96
    •  
  • 932 Meadow Glade Dr Ruskin, FL 5
    • 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2015 3 beds 2 baths ∙ 1,756 Sqft ∙ Built 2015
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lynn Washington
1.440.240.3018
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278656
Last Updated: 12/03/2020
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