2002 Peaceful Palm St · Ruskin, FL 33570

$189,000

4 bd · 2.0 ba · 1,599 sqft · SingleFamily public records · 8 Days on market

Built 2014 5,000 sqft lot $60/mo HOA · 2% of rent

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Why this score? — see what drove the B- 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).

• Cash flow +27.0/30.0
• DSCR +9.3/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Ruskin, Florida! This spacious property with 4 bedrooms and 2 bathrooms. Enter and be greeted by the bright, open living area located just minutes from Bahia Beach and EG Simmons Regional Park. Enjoy the Bay in all its beauty. Easy access to Hwy 75, 41, shopping, dining, recreation and more! Schedule your private showing today and fall in love!

Key facts

• Backyard
• Vinyl fencing
• 5,000 sq ft lot

Tags

• BACKYARD
• VINYL FENCING

Property features AI

Finance

• Other: Living area ~1,599 (public records); Building area total ~2,145; Lot approximately 0.11 acres (mature landscaping)
• Financial info: Lease restrictions apply
• HOA & community: HOA (Benjamin Alair) — required association approval; HOA dues $60/month ($180 quarterly); HOA covers pool, structure maintenance, grounds maintenance and management; Community amenities: clubhouse, fitness center, park, pool, basketball court; Pets allowed (cats and dogs, with limits)

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer / sewer connected; Electricity connected; BB/HS internet available; Cable available; Water connected
• Home design: Single family residence; One story; East-facing; Residential property in planned development (PD); Homestead exempt
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built with conventional materials
• Exterior features: Covered patio; Patio; Rain gutters; Sidewalk; Sliding doors; Vinyl fencing; Mature landscaping with trees

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Solid wood cabinets; Stone counters; Thermostat; Walk-in closets
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $527 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $189k).
• Cap rate 9.6% vs local median 4.7% in Ruskin — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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); Lennard High School (math 30% / reading 46%, grade F, #328 of 667 statewide, top 50%, 2,404 students, 47% FRL).
• Market conditions: Rents flat; 489 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• This rent runs 42% 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 $1k of loan paydown is wiped out by about $6k 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→31/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.34% ✓
• Cap rate: 9.64%
• Cash-on-cash: 11.94%
• DSCR: 1.53
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -1.1%
• Equity multiple: 0.96×
• Total profit: $-2,196
• Equity at exit: $28,181

10-year hold

• IRR: 6.0%
• Equity multiple: 1.40×
• Total profit: $21,210
• Equity at exit: $16,341

Cash invested: $52,920 (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.

Methodology + full state rankings →

ZIP-level market 33570

• Home prices YoY: -28.8%
• Rents YoY: 0.9%
• Active inventory: 489
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,534 high
• Mortgage (P&I): −$991
• Tax from tax record: −$346 /mo · $4,149/yr
• Insurance: −$79
• HOA: −$60
• Vacancy / Maint / Mgmt: −$532
• Net cashflow: $527

Break-even live

Break-even rent $1,868

Max offer price $189,000

Occupancy floor 74%

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2025 Peaceful Palm St Ruskin, FL	4.0	2.0	1606	$2,600	$1.62	14d	1	0.14mi
1501 21st St SE Ruskin, FL	4.0	2.0	1618	$2,155	$1.33	3d	1	0.23mi
2304 Pleasure Run Dr Ruskin, FL	3.0	2.0	1276	$1,970	$1.54	3d	1	0.33mi
1119 Windton Oak Dr Ruskin, FL	4.0	2.5	2041	$2,325	$1.14	2d	1	0.79mi
1105 Windton Oak Dr Ruskin, FL	4.0	2.5	2073	$2,399	$1.16	24d	1	0.84mi
1251 9th St SE Ruskin, FL	3.0–4.0	2.0–2.5	1650	$3,500	$2.12	5d	1	0.99mi
1029 Spotted Egret Loop Ruskin, FL	3.0	2.5	1463	$2,150	$1.47	5d	1	1.08mi
3119 Sleepy River Ave Ruskin, FL	3.0	2.5	1421	$2,233	$1.57	1d	9	1.10mi
903 Zone Tailed Hawk Pl Ruskin, FL	4.0	2.0	1935	$2,200	$1.14	24d	1	1.25mi
3402 Salt Air Dr Ruskin, FL	1.0–3.0	1.0–2.0	1061	$2,344	$2.21	1d	44	1.29mi
2340 Harris Hawk Ave Ruskin, FL	3.0	2.0	1420	$2,049	$1.44	24d	1	1.31mi
1609 Carson White Ln Ruskin, FL	4.0	3.0	1808	$2,215	$1.23	1d	1	1.33mi
811 15th St NE Ruskin, FL	3.0	3.0	1870	$2,076	$1.11	14d	1	1.34mi
2025 Broad Winged Hawk Dr Ruskin, FL	4.0	2.0	1948	$2,365	$1.21	12d	1	1.35mi
1409 Delano Trent St Ruskin, FL	3.0	2.0	1238	$1,800	$1.45	5d	1	1.35mi
1762 Broad Winged Hawk Dr Ruskin, FL	4.0	2.0	1899	$2,400	$1.26	18d	1	1.40mi
966 Kelly Fern Loop Ruskin, FL	3.0	2.0	1412	$2,190	$1.55	3d	1	1.42mi
1606 Delano Trent St Ruskin, FL	4.0	2.5	2102	$2,100	$1.00	24d	1	1.46mi

HOA detail

• Monthly dues: $60 · $720/yr

Listing history 10 events

1. 2026-05-18
   listed $189,000 Active
2. 2023-11-14
   soldstatus $315,000
3. 2023-11-03
   soldstatus $315,000 Closed 357-char remark

   Show marketing remark (357 chars)

   Welcome to Ruskin, Florida! This spacious property with 4 bedrooms and 2 bathrooms. Enter and be greeted by the bright, open living area located just minutes from Bahia Beach and EG Simmons Regional Park. Enjoy the Bay in all its beauty. Easy access to Hwy 75, 41, shopping, dining, recreation and more! Schedule your private showing today and fall in love!

4. 2023-09-30
   status Pending 357-char remark

   Show marketing remark (357 chars)

   Welcome to Ruskin, Florida! This spacious property with 4 bedrooms and 2 bathrooms. Enter and be greeted by the bright, open living area located just minutes from Bahia Beach and EG Simmons Regional Park. Enjoy the Bay in all its beauty. Easy access to Hwy 75, 41, shopping, dining, recreation and more! Schedule your private showing today and fall in love!

5. 2023-09-26
   listed $315,000 Active 357-char remark

   Show marketing remark (357 chars)

   Welcome to Ruskin, Florida! This spacious property with 4 bedrooms and 2 bathrooms. Enter and be greeted by the bright, open living area located just minutes from Bahia Beach and EG Simmons Regional Park. Enjoy the Bay in all its beauty. Easy access to Hwy 75, 41, shopping, dining, recreation and more! Schedule your private showing today and fall in love!

6. 2022-08-16
   historical
7. 2022-07-29
   price $340,000
8. 2022-06-30
   listed $350,000 Active
9. 2017-10-31
   historical
10. 2017-07-17
    listed $189,900 Active

ⓘ 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: $4,149 · $346/mo
• Projected year-2 tax: $4,149 · $346/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 31 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,413
• − Mortgage interest: −$10,587
• − Property taxes: −$4,149
• − Insurance: −$945
• − Repairs & maintenance: −$2,433
• − Management: −$2,433
• − HOA: −$720
• − Depreciation: −$5,498
• Taxable income: $3,647
• Est. tax owed @ 24.0%: −$875
• After-tax cash flow: $5,443/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.

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

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 · 1,540,968 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: 611.0

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: —

Market trends

• HPI YoY: ▼ -112.10%
• Current HPI: 277.8257
• Rent YoY: ▲ 0.90%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-0.5% since first listed

10 events — show timeline

• 2026-05-18 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-14 Sold (Public Records) $315,000 Public Records
• 2023-11-03 Sold (MLS) $315,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-09-26 Listed $315,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-07-29 Price Changed $340,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-30 Listed $350,000 Stellar MLS as Distributed by MLS Grid
• 2017-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-07-17 Listed $189,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+3.7%/yr

Latest (2025): $4,149 · +7.1% YoY. Source: county tax records.