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9633 Ivory Dr Ruskin, FL 33573

3 Beds 2 Baths 1,609 sqft Built 2019

$249,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2019
  • Price/Sqft : $154.75
  • 2 Days on Market
  • MLS # : T3273442
  • Updated Date : 11/07/2020 at 11:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,609 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Immaculate home in the Belmont Community. MUST SEE and WILL SELL FAST! This 3/2 beautiful home was constructed in 2019 with many upgrades and includes all stainless steel appliances, side by side refrigerator, built in dishwasher, self-cleaning range with ceramic top and a built in microwave. Kitchen features 42” cabinets with raised door panels, breakfast bar on island and a spacious walk-in pantry. Mohawk 17’ x 17” ceramic tile floors in foyer, kitchen, laundry room and all bathrooms. 15 SEER high-efficiency heating and air conditioning system with programmable thermostat and hybrid water heater. In wall pest control system. Entertain family and friends in this spacious kitchen family combo which leads to the rear porch and fenced backyard. Your family will love this beautifully landscaped community and amenities which include pool, basketball court, tennis court, playground, walking trails and dog park.

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
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
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$919
Property Tax -$353
Property Insurance -$130
HOA -$10
Property Management Fees -$80
CASH FLOW
$128

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$249,000

PROJECTED PRICE

$1,620

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) 3.00%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,985

INVESTMENT

$67,985

Down Payment
$62,250
Rehab Estimate
$2,000
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$38,362

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5503$1,5954$1,6205$1,700
$1,700
RENT COMPS ANALYSIS
  • 9633 Ivory Dr Ruskin, FL 4
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.01
    •  
  • 10023 Newminster Loop Ruskin, FL 1
    • 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,482 Sqft ∙ Built 2013
    LEASED 12/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 7021 Monarch Park Dr Apollo Beach, FL 2
    • 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,530 Sqft ∙ Built 2003
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 10321 Celtic Ash Dr Ruskin, FL 3
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 10014 Victory Gallop Loop Ruskin, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Randy Boone
1.813.754.3586
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273442
Last Updated: 11/07/2020
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