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9623 Sage Creek Dr Ruskin, FL 33573

4 Beds 2 Baths 1,841 sqft Built 2019

$269,999

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $146.66
  • 4 Days on Market
  • MLS # : T3289859
  • Updated Date : 02/12/2021 at 15:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,841 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Why wait for a new build when you can have this NOW “Better than New” Lennar Harrisburg floorplan built in 2019. Immaculate 4 bedroom 2 bath home located in the desirable community of Belmont. Home sits on a fenced lot with a picture perfect view of the pond in the back yard. Open floor plan with a spacious kitchen with plenty of countertop space complete with center island, large pantry and GE Energy star appliances. The generous sized owners retreat features a oversized walk in closet and en suite bath with dual sinks and a walk in shower. Home comes equipped with ceiling fans, blinds, tile everywhere except bedrooms. Community offers BRAND NEW resort style pool, lap pool, open air club house, grilling areas, playground, basketball, tennis & pickleball courts, walking trails, dog park and more! New elementary school right in your neighborhood! Nearby Publix and Sams Club. Convenient to hospitals, dining, schools, and shopping with easy access to Beaches, boating and tons of fun in the sun for the Florida Lifestyle.

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

Zip Code: 33573

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220kPrice in $85k238k

* 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
Doby Elementary School Primary Regular 808 65 6
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Doby Elementary School

  • Education Level: Primary
  • # of students: 808
  • # of teachers: 65
6
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$242,999$296,999$269,999

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$938
Property Tax -$456
Property Insurance -$143
HOA -$10
Property Management Fees -$129
CASH FLOW
$74

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.

$269,999

PROJECTED PRICE

$1,750

PROJECTED RENT

0.65%

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% 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 $67,500
Loan Amount $202,499
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$24,869

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,731

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7453$1,7504$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 9623 Sage Creek Dr Ruskin, FL 5
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 10014 Victory Gallop Loop Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 2017
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 9643 Sage Creek Dr Ruskin, FL 2
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2018
    LEASED 02/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.95
    •  
  • 10011 Ivory Dr Ruskin, FL 3
    • 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,945 Sqft ∙ Built 2017
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 10145 Celtic Ash Dr Ruskin, FL 4
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2014 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2014
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Paula Meyers
1.813.967.1942
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289859
Last Updated: 02/12/2021
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