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253 Tulip Banded Way
F Composite 32.02
Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • ARV discount +8.4/15.0
  • Cash flow +5.4/30.0
  • Condition / age +4.8/5.0
  • 1% rule +3.6/10.0
  • Schools +3.6/10.0
  • Livability +3.6/5.0
  • Rent growth +2.7/5.0
  • DSCR +0.0/10.0
  • Appreciation +0.0/10.0

$240,000

253 Tulip Banded Way · Ruskin, FL 33570
2 bd · 3.0 ba · 1,540 sqft · Townhouse public records · 93 Days on market
Built 2024 Excellent condition 3,739 sqft lot Garage $156/sqft · at area comps Est $245k · at est. $422/mo HOA · 20% of rent ↓ 10% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Under Construction. BRAND NEW HOME - The first floor of this two-story townhome includes the expansive Great Room which has direct access to the cozy dining room, well-equipped kitchen and attached covered patio. Upstairs, a multipurpose loft divides the lavish owner’s suite from the additional bedroom, both of which feature private bathrooms for convenience. Interior photos disclosed are different from the actual model being built. Townes at Southshore Pointe is a community offering new townhomes for sale in sunny Ruskin, FL. Right in the community is a sparkling swimming pool exclusive to residents. Residents of Townes at Southshore Pointe will enjoy a fantastic location close to major highways for convenient commutes across the Tampa Bay area. Nearby Bahia and Apollo beaches offer plenty of sun and surf, and world-class medical services are a short drive away at St. Joseph’s Hospital.

Key facts

  • $422 HOA
  • Garage
  • Community pool

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/3.0-bath townhouse listed at $240k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-527 ($-6k/yr) — negative.
  • To cash-flow at today's rent, offer at most $147k (38.8% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (13.7% below list).
  • Recommended offer: $147k (38.8% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 71/100 on livability (#392 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute B+; Watch: amenities F, health & safety F.
  • Hillsborough (suburban): math 47% / reading 50% proficiency, ranked #41 of 73 in FL (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Thompson Elementary (math 42% / reading 40%, grade F, #1,454 of 2,144 statewide, top 69%, 744 students, 69% FRL); Shields Middle School (math 29% / reading 27%, grade F, #486 of 571 statewide, top 86%, 1,867 students, 68% FRL); Lennard High School (math 30% / reading 46%, grade F, #328 of 667 statewide, top 50%, 2,404 students, 47% FRL).
  • Zoned-school proficiency averages 36% at this address vs 48% district-wide (-13 pts) — the specific schools serving this property underperform the Hillsborough average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents flat; 703 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals lingering (median 38d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
  • This rent runs 34% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
  • Hillsborough County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 93 days — a 9% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Watch-outs: HOA is 20% of rent.
Recommended offer $146,905 (38.8% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
0.86%
Cap rate
3.66%
Cash-on-cash
-9.41%
DSCR
0.58
GRM
9.7

CMA / ARV

ARV (median comp)
$245,111
List price
$240,000
Delta
-2.09%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2538 Sunray Venus Way 0.06mi 2/2.5 1,541 (+0%) 23mo $249,900 $162 76
2525 Sunray Venus Way 0.08mi 2/2.5 1,541 (+0%) 23mo $254,900 $165 75
2580 Sunray Venus Way 0.11mi 2/2.5 1,541 (+0%) 22mo $272,245 $177 74
2601 Sunray Venus Way 0.12mi 2/2.5 1,541 (+0%) 22mo $273,945 $178 74
2581 Sunray Venus Way 0.12mi 2/2.5 1,541 (+0%) 23mo $255,000 $165 73
2541 Sunray Venus Way 0.08mi 2/2.5 1,513 (-2%) 23mo $239,900 $159 72
2552 Sunray Venus Way 0.08mi 3/2.5 (+1) 1,540 (0%) 22mo $249,945 $162 71
2613 Sunray Venus Way 0.15mi 2/2.5 1,513 (-2%) 22mo $260,845 $172 70
212 27th St SE 0.23mi 3/2.5 (+1) 1,690 (+10%) 0mo $230,000 $136 66
242 27th St SE 0.23mi 3/2.5 (+1) 1,634 (+6%) 12mo $241,390 $148 62
2631 Sunray Venus Way 0.17mi 3/2.5 (+1) 1,634 (+6%) 19mo $264,990 $162 59
2642 Sunray Venus Way 0.18mi 3/2.5 (+1) 1,634 (+6%) 18mo $284,990 $174 59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.9% rent growth · sell at horizon

5-year hold
IRR
-36.2%
Equity multiple
-0.14×
Total profit
$-76,399
Equity at exit
$35,785
10-year hold
IRR
-72.3%
Equity multiple
-0.86×
Total profit
$-125,222
Equity at exit
$20,751

Cash invested: $67,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Florida
87 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
2 active · 1 under contract
Months of supply
12.0 mo (8%/mo absorbed)
Median asking
$233,000 ($145/sqft)
Median days on market
124 d
This list price
100% of active listings are priced below it
ARV vs active asking
+10.1% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33570

Home prices YoY
-28.8%
Rents YoY
0.9%
Active inventory
703
Price-to-rent
9.7×

Monthly cashflow live

Estimated rent
$2,071 high interval (Pro) →
Mortgage (P&I)
$1,259
Tax from tax record
$382 /mo · $4,588/yr
Insurance
$100
HOA
$422
Vacancy / Maint / Mgmt
$435
Net cashflow
$-527

Break-even live

Break-even rent $2,738
Max offer price $146,905
Occupancy floor

Sensitivity live

Price -10% $-391 -5% $-459 +0% $-527 +5% $-595 +10% $-663
Rent -10% $-691 -5% $-609 +0% $-527 +5% $-445 +10% $-363
Rate -1.0pp $-406 -0.5pp $-466 base $-527 +0.5pp $-589 +1.0pp $-652

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$60,000
Closing costs
$7,200
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 28 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2516 Sunray Venus Way Ruskin, FL 3.0 2.5 1634 $2,200 $1.35 38d 1 0.06mi
2541 Sunray Venus Way Ruskin, FL 2.0 2.5 1690 $1,900 $1.12 64d 1 0.10mi
2655 Buttercup Lucine Ln Ruskin, FL 2.0 2.5 1540 $2,000 $1.30 60d 1 0.18mi
2665 Buttercup Lucine Ln Ruskin, FL 3.0 2.5 1634 $2,000 $1.22 28d 1 0.19mi
2340 Harris Hawk Ave Ruskin, FL 3.0 2.0 1420 $2,049 $1.44 73d 1 0.54mi
3119 Sleepy River Ave Ruskin, FL 3.0 2.5 1421 $2,204 $1.55 12d 15 0.55mi
2052 Harris Hawk Ave Ruskin, FL 3.0 2.5 1826 $2,260 $1.24 8d 1 0.63mi
962 Kelly Fern Loop Ruskin, FL 3.0 2.5 1826 $2,260 $1.24 8d 1 0.69mi
966 Kelly Fern Loop Ruskin, FL 3.0 2.0 1412 $1,935 $1.37 15d 1 0.70mi
2458 Dovesong Trace Dr Ruskin, FL 3.0 2.0 1689 $2,195 $1.30 60d 1 0.70mi
1119 Shared Passion St Ruskin, FL 3.0 2.0 1444 $1,999 $1.38 8d 1 0.81mi
1216 Humble Haven St Ruskin, FL 2.0 1.0 1400 $1,300 $0.93 53d 1 0.85mi
3402 Salt Air Dr Ruskin, FL 1.0–3.0 1.0–2.0 1061 $2,051 $1.93 8d 39 0.91mi
811 15th St NE Ruskin, FL 3.0 3.0 1870 $2,076 $1.11 63d 1 0.91mi
1409 Delano Trent St Ruskin, FL 3.0 2.0 1238 $1,800 $1.45 54d 1 0.95mi
2304 Pleasure Run Dr Ruskin, FL 3.0 2.0 1276 $1,970 $1.54 53d 1 0.97mi
2313 Pleasure Run Dr Ruskin, FL 3.0 2.0 1398 $1,889 $1.35 8d 1 1.02mi
2106 Pleasant View Ave Ruskin, FL 3.0 2.0 1463 $1,850 $1.26 17d 1 1.04mi
1966 Hawks View Dr Ruskin, FL 3.0 2.5 1936 $3,200 $1.65 42d 1 1.11mi
1029 Spotted Egret Loop Ruskin, FL 3.0 2.5 1463 $1,999 $1.37 37d 1 1.17mi
1827 Harbour Blue St Ruskin, FL 3.0 2.0 1352 $1,995 $1.48 73d 1 1.22mi
1113 Brenton Leaf Dr Ruskin, FL 3.0 2.0 1383 $1,985 $1.44 69d 1 1.28mi
906 Larwood Pine Dr Ruskin, FL 3.0 2.0 1378 $1,880 $1.36 12d 1 1.33mi
946 Royal Empress Dr Ruskin, FL 3.0 2.0 1796 $2,203 $1.23 15d 1 1.43mi
2006 Hampstead Cir Unit N/A Sun City Center, FL 2.0 2.0 1474 $1,800 $1.22 73d 1 1.45mi
424 Newmont Cir Ruskin, FL 3.0 3.0 1707 $1,950 $1.14 73d 1 1.48mi
5524 Rainwood Meadows Dr Apollo Beach, FL 3.0 2.0 1935 $2,505 $1.29 36d 1 1.48mi
1110 Evergreen Isles Dr Sun City Center, FL 1.0–3.0 1.0–2.0 990 $2,652 $2.68 8d 1 1.48mi

Property features AI

Finance

Other
UnfurnishedHomestead declaredLot about 0.09 acres (approx. 347 m²)
Financial info
CDD presentLease restrictions apply
HOA & community
Monthly HOA fee of $422 (includes common area taxes and pool)Association: Pointe Community Association INCDeed restrictionsCommunity mailboxDog parkPets allowed

Exterior

Parking
Attached garage (1 car)
Utilities
Public sewerWater availableSewer availableCable availableNo water source listed
Home design
TownhouseResidential propertyTwo levelsFaces east
Construction
Block, concrete and stucco constructionShingle roofSlab foundationBuilt using common residential building materials
Exterior features
Exterior lightingAsphalt road access

Interior

Kitchen
DishwasherMicrowaveRefrigerator
Bedrooms
2 bedrooms
Flooring
Ceramic tile
Bathrooms
2 full baths1 half bath
Heating & cooling
Electric heatingCentral air conditioning
Interior features
Living room and dining room combo
Laundry & utility
Laundry roomWasherDryerIrrigation equipment

HOA detail $422/mo · $5,064/yr

Likely covers
pool

Listing history 50 events

  1. 2026-08-08
    days on market $240,000 Active 93 DOM
  2. 2026-08-06
    days on market $240,000 Active 91 DOM
  3. 2026-08-05
    days on market $240,000 Active 90 DOM
  4. 2026-08-04
    days on market $240,000 Active 89 DOM
  5. 2026-08-03
    days on market $240,000 Active 88 DOM
  6. 2026-07-31
    days on market $240,000 Active 85 DOM
  7. 2026-07-30
    days on market $240,000 Active 83 DOM
  8. 2026-07-28
    days on market $240,000 Active 82 DOM
  9. 2026-07-26
    days on market $240,000 Active 80 DOM
  10. 2026-07-24
    days on market $240,000 Active 78 DOM
  11. 2026-07-23
    days on market $240,000 Active 77 DOM
  12. 2026-07-22
    days on market $240,000 Active 76 DOM
  13. 2026-07-21
    days on market $240,000 Active 75 DOM
  14. 2026-07-20
    days on market $240,000 Active 74 DOM
  15. 2026-07-18
    days on market $240,000 Active 71 DOM
  16. 2026-07-16
    days on market $240,000 Active 70 DOM
  17. 2026-07-15
    days on market $240,000 Active 69 DOM
  18. 2026-07-14
    price $240,000 Active 67 DOM
  19. 2026-07-13
    days on market $250,000 Active 67 DOM
  20. 2026-07-13
    days on market $250,000 Active 66 DOM
  21. 2026-07-11
    days on market $250,000 Active 65 DOM
  22. 2026-07-10
    days on market $250,000 Active 64 DOM
  23. 2026-07-09
    days on market $250,000 Active 63 DOM
  24. 2026-07-07
    days on market $250,000 Active 61 DOM
  25. 2026-07-06
    days on market $250,000 Active 60 DOM
  26. 2026-07-06
    days on market $250,000 Active 59 DOM
  27. 2026-07-05
    days on market $250,000 Active 58 DOM
  28. 2026-07-03
    days on market $250,000 Active 57 DOM
  29. 2026-07-02
    days on market $250,000 Active 56 DOM
  30. 2026-07-01
    days on market $250,000 Active 55 DOM
  31. 2026-06-30
    days on market $250,000 Active 54 DOM
  32. 2026-06-29
    days on market $250,000 Active 53 DOM
  33. 2026-06-28
    days on market $250,000 Active 52 DOM
  34. 2026-06-27
    days on market $250,000 Active 51 DOM
  35. 2026-06-26
    days on market $250,000 Active 50 DOM
  36. 2026-06-24
    days on market $250,000 Active 48 DOM
  37. 2026-06-22
    days on market $250,000 Active 46 DOM
  38. 2026-06-21
    days on market $250,000 Active 45 DOM
  39. 2026-06-18
    days on market $250,000 Active 42 DOM
  40. 2026-06-17
    days on market $250,000 Active 41 DOM
  41. 2026-06-16
    days on market $250,000 Active 40 DOM
  42. 2026-06-15
    days on market $250,000 Active 39 DOM
  43. 2026-06-13
    days on market $250,000 Active 37 DOM
  44. 2026-06-13
    days on market $250,000 Active 36 DOM
  45. 2026-06-09
    days on market $250,000 Active 33 DOM
  46. 2026-06-08
    days on market $250,000 Active 32 DOM
  47. 2026-06-07
    days on market $250,000 Active 31 DOM
  48. 2026-06-04
    days on market $250,000 Active 28 DOM
  49. 2026-06-03
    days on market $250,000 Active 27 DOM
  50. 2026-06-02
    days on market $250,000 Active 26 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

Current annual tax
$4,588 · $382/mo
Projected year-2 tax
$4,588 · $382/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$24,850
− Mortgage interest
−$13,444
− Property taxes
−$4,588
− Insurance
−$1,200
− Repairs & maintenance
−$1,988
− Management
−$1,988
− HOA
−$5,064
− Depreciation
−$6,982
Taxable loss
−$10,404
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,497
After-tax cash flow
$-3,827/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Excellent 95/100 None rehab

This nearly-new townhome is in excellent condition with no visible repairs needed. It offers a great blend of modern design and comfort, making it a move-in-ready gem.

Value-add opportunities

  • Resale Painting the exterior — Fresh paint can enhance curb appeal
  • Resale Landscaping improvements — Well-maintained landscaping can increase curb appeal
  • Resale Interior touch-ups — Fresh paint and minor touch-ups can enhance the home's appearance
F Composite school gradezoned avg 36/100

Zoned Schools

Elementary Thompson Elementary F FL #1,454/2,144 Nat'l #19,009/41,679 Middle Shields Middle School F FL #486/571 Nat'l #9,545/14,009 High Lennard High School F FL #328/667 Nat'l #8,877/17,239

Schools (NCES district)

District
Hillsborough
NCES district ID
1200870
Math proficiency
47% ▼ -8.00%
Reading proficiency
50% ▼ -4.00%
Median HH income
$50,622
Composite
41.6/100
National rank
#3435
State rank
#41 of 73 in FL
B Composite livability gradescore 71/100

Livability — Ruskin

Score
71/100
State rank
#392
US rank
#6879

Category grades

Amenities F Commute B+ Cost of living A+ Crime B- Employment B- Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Ruskin, FL
County
Hillsborough County · 1,607,022 people
City population
33,319
Metro
Tampa-St. Petersburg-Clearwater, FL
Population (ZIP)
33,319
Household income
$72,172
Rent vs Own
23.0% rent · 77.0% own
Severe rent burden
15% of renters

Population outlook (Hillsborough County) Hauer SSP2

Today (2025)
1,607,022 people
By 2030
1,733,968 · +7.9%
By 2040
1,979,565 · +23.2%
By 2050
2,203,427 · +37.1%
By 2075
2,667,893 · +66.0%
By 2100
2,891,558 · +79.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.69)
Race & ethnicity
White 40% Hispanic / Latino 32% Black 23% Two or more races 13% Asian 2%
Hispanic origin (detail)
Mexican 16% Puerto Rican 6% Cuban 1% Dominican 4%
Common ancestry
Italian 2% Romanian 2% Hispanic 2%
Foreign-born
13% · Canada, Jamaica
Languages at home
72% English-only · Spanish 23% French/Haitian/Cajun 2%

Political lean MEDSL · Hillsborough

2024 margin
Toss-up / Even · D 47.8% · R 50.9% · Other 1.3%
2008→2024 swing
-10.2pp toward R · 2008: 7.1pp · 2024: -3.1pp
All cycles
2024: R+3.1 2020: D+6.9 2016: D+6.8 2012: D+6.7 2008: D+7.1

Not yet ingested

Civics

Price history

-10.2% since first listed
8 events — show timeline
  • 2026-05-07 Listed $250,000 Stellar MLS as Distributed by MLS Grid
  • 2024-06-28 Sold (MLS) $249,900 Stellar MLS as Distributed by MLS Grid
  • 2024-06-01 Pending Stellar MLS as Distributed by MLS Grid
  • 2024-05-23 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
  • 2024-05-21 Price Changed $257,445 Stellar MLS as Distributed by MLS Grid
  • 2024-05-19 Price Changed $261,900 Stellar MLS as Distributed by MLS Grid
  • 2024-05-17 Price Changed $267,445 Stellar MLS as Distributed by MLS Grid
  • 2024-05-14 Listed $278,445 Stellar MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…