408 Powder View Dr · Ruskin, FL 33570

$179,000

3 bd · 2.0 ba · 1,346 sqft · SingleFamily public records · 1 Days on market

Built 2010 7,366 sqft lot $18/mo HOA · 1% of rent

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Why this score? — see what drove the C- 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 +17.8/30.0
• 1% rule +7.9/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• 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 home! This cozy three bedroom, two-bath block home will meet all your needs and exceed expectations. When you arrive, take note of the fresh curb appeal and newly painted exterior! Upon entering the light and bright home you’ll have a clear view of the wide-open floorplan featuring vaulted ceilings. No carpet here – easy to maintain and durable tile floors have been upgraded throughout the entire home. The spacious living room will accommodate oversized furniture easily. The kitchen has been totally transformed with a gorgeous tile backsplash, recessed and pendant lighting, cheerful blue refinished cabinets and stunning epoxy countertops. The farmhouse style sink completes the look of this classic and stylish kitchen. There’s a perfect little breakfast nook area tucked into the kitchen, or you can dine at the bar for more casual meals. Connecting seamlessly into the main living area, the kitchen/living/dining combo makes entertaining a breeze. The master bedroom with ensuite bathroom is spacious and has tile flooring, updated ceiling fan and a large walk-in closet. Enjoy quiet comfortable evenings out back on the covered patio. The home sits on a large corner lot - nearly a quarter acre! Plenty of room to extend the patio, add a fence to contain the kiddos & pups or build the pool of your dreams. River Bend is a low HOA and CDD community that offers many amenities including a clubhouse, pool, tennis & basketball courts, playground and dog park. Important upgrades during ownership include full exterior repaint (2024), A/C (2022) & water heater internals (2022). Conveniently located near shopping, dining, and major highways for an easy commute to Tampa, Sarasota or St. Pete. Welcome home!

Key facts

• 7,366 sq ft lot
• 2 garage spots
• Built 2010

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $179k).
• Cap rate 7.3% 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: Ruskin Elementary School (math 30% / reading 23%, grade F, #2,009 of 2,144 statewide, top 94%, 781 students, 77% 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 31% at this address vs 48% district-wide (-18 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; 497 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• This rent runs 38% 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 $5k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y 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: property tax is 4.3% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,000

Questions for the listing agent

1. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.29% ✓
• Cap rate: 7.29%
• Cash-on-cash: 3.57%
• DSCR: 1.16
• GRM: 6.5

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: -13.7%
• Equity multiple: 0.52×
• Total profit: $-23,978
• Equity at exit: $26,689

10-year hold

• IRR: -9.7%
• Equity multiple: 0.48×
• Total profit: $-26,185
• Equity at exit: $15,477

Cash invested: $50,120 (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: 497
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,303 high
• Mortgage (P&I): −$939
• Tax from tax record: −$639 /mo · $7,668/yr
• Insurance: −$75
• HOA: −$18
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $149

Break-even live

Break-even rent $2,114

Max offer price $179,000

Occupancy floor 89%

Sensitivity live

Price	-10% $250	-5% $200	+0% $149	+5% $98	+10% $48
Rent	-10% $-33	-5% $58	+0% $149	+5% $240	+10% $331
Rate	-1.0pp $239	-0.5pp $195	base $149	+0.5pp $103	+1.0pp $55

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2205 Roanoke Springs Dr Ruskin, FL	4.0	3.0	1790	$2,000	$1.12	25d	1	0.10mi
2222 Roanoke Springs Dr Ruskin, FL	4.0	3.0	1790	$2,250	$1.26	25d	1	0.15mi
2306 Lawrence Hall St Ruskin, FL	4.0	2.0	1731	$2,100	$1.21	12d	1	0.20mi
2345 Roanoke Springs Dr Ruskin, FL	4.0	3.0	1801	$2,250	$1.25	6d	1	0.37mi
149 Cascade Bend Dr Ruskin, FL	3.0	2.0	1555	$2,400	$1.54	25d	1	0.63mi
1251 9th St SE Ruskin, FL	3.0–4.0	2.0–2.5	1650	$2,111	$1.28	6d	1	0.98mi
419 Frances Cir Ruskin, FL	2.0	2.0	1421	$1,300	$0.91	25d	1	1.45mi
213 6th Ave SW Ruskin, FL	3.0	1.0	1620	$1,795	$1.11	0d	1	1.50mi

HOA detail

• Monthly dues: $18 · $216/yr
• Likely covers: waterpool

Listing history 10 events

1. 2026-02-27
   status Pending
2. 2026-02-26
   listed $179,000 Active
3. 2024-07-25
   soldstatus $313,500
4. 2024-07-24
   soldstatus $313,500 Closed 1759-char remark

   Show marketing remark (1759 chars)

   Welcome home! This cozy three bedroom, two-bath block home will meet all your needs and exceed expectations. When you arrive, take note of the fresh curb appeal and newly painted exterior! Upon entering the light and bright home you’ll have a clear view of the wide-open floorplan featuring vaulted ceilings. No carpet here – easy to maintain and durable tile floors have been upgraded throughout the entire home. The spacious living room will accommodate oversized furniture easily. The kitchen has been totally transformed with a gorgeous tile backsplash, recessed and pendant lighting, cheerful blue refinished cabinets and stunning epoxy countertops. The farmhouse style sink completes the look of this classic and stylish kitchen. There’s a perfect little breakfast nook area tucked into the kitchen, or you can dine at the bar for more casual meals. Connecting seamlessly into the main living area, the kitchen/living/dining combo makes entertaining a breeze. The master bedroom with ensuite bathroom is spacious and has tile flooring, updated ceiling fan and a large walk-in closet. Enjoy quiet comfortable evenings out back on the covered patio. The home sits on a large corner lot - nearly a quarter acre! Plenty of room to extend the patio, add a fence to contain the kiddos & pups or build the pool of your dreams. River Bend is a low HOA and CDD community that offers many amenities including a clubhouse, pool, tennis & basketball courts, playground and dog park. Important upgrades during ownership include full exterior repaint (2024), A/C (2022) & water heater internals (2022). Conveniently located near shopping, dining, and major highways for an easy commute to Tampa, Sarasota or St. Pete. Welcome home!

5. 2024-07-01
   status Pending 1759-char remark

   Show marketing remark (1759 chars)

   Welcome home! This cozy three bedroom, two-bath block home will meet all your needs and exceed expectations. When you arrive, take note of the fresh curb appeal and newly painted exterior! Upon entering the light and bright home you’ll have a clear view of the wide-open floorplan featuring vaulted ceilings. No carpet here – easy to maintain and durable tile floors have been upgraded throughout the entire home. The spacious living room will accommodate oversized furniture easily. The kitchen has been totally transformed with a gorgeous tile backsplash, recessed and pendant lighting, cheerful blue refinished cabinets and stunning epoxy countertops. The farmhouse style sink completes the look of this classic and stylish kitchen. There’s a perfect little breakfast nook area tucked into the kitchen, or you can dine at the bar for more casual meals. Connecting seamlessly into the main living area, the kitchen/living/dining combo makes entertaining a breeze. The master bedroom with ensuite bathroom is spacious and has tile flooring, updated ceiling fan and a large walk-in closet. Enjoy quiet comfortable evenings out back on the covered patio. The home sits on a large corner lot - nearly a quarter acre! Plenty of room to extend the patio, add a fence to contain the kiddos & pups or build the pool of your dreams. River Bend is a low HOA and CDD community that offers many amenities including a clubhouse, pool, tennis & basketball courts, playground and dog park. Important upgrades during ownership include full exterior repaint (2024), A/C (2022) & water heater internals (2022). Conveniently located near shopping, dining, and major highways for an easy commute to Tampa, Sarasota or St. Pete. Welcome home!

6. 2024-06-26
   listed $303,000 Active 1759-char remark

   Show marketing remark (1759 chars)

   Welcome home! This cozy three bedroom, two-bath block home will meet all your needs and exceed expectations. When you arrive, take note of the fresh curb appeal and newly painted exterior! Upon entering the light and bright home you’ll have a clear view of the wide-open floorplan featuring vaulted ceilings. No carpet here – easy to maintain and durable tile floors have been upgraded throughout the entire home. The spacious living room will accommodate oversized furniture easily. The kitchen has been totally transformed with a gorgeous tile backsplash, recessed and pendant lighting, cheerful blue refinished cabinets and stunning epoxy countertops. The farmhouse style sink completes the look of this classic and stylish kitchen. There’s a perfect little breakfast nook area tucked into the kitchen, or you can dine at the bar for more casual meals. Connecting seamlessly into the main living area, the kitchen/living/dining combo makes entertaining a breeze. The master bedroom with ensuite bathroom is spacious and has tile flooring, updated ceiling fan and a large walk-in closet. Enjoy quiet comfortable evenings out back on the covered patio. The home sits on a large corner lot - nearly a quarter acre! Plenty of room to extend the patio, add a fence to contain the kiddos & pups or build the pool of your dreams. River Bend is a low HOA and CDD community that offers many amenities including a clubhouse, pool, tennis & basketball courts, playground and dog park. Important upgrades during ownership include full exterior repaint (2024), A/C (2022) & water heater internals (2022). Conveniently located near shopping, dining, and major highways for an easy commute to Tampa, Sarasota or St. Pete. Welcome home!

7. 2010-07-16
   soldstatus $118,990 16-char remark

   Show marketing remark (16 chars)

   NEW CONSTRUCTION

8. 2010-07-16
   listed $118,990 16-char remark

   Show marketing remark (16 chars)

   NEW CONSTRUCTION

9. 2007-12-03
   soldstatus $893,800
10. 2004-08-04
    soldstatus $10,195,560

ⓘ 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: $7,668 · $639/mo
• Projected year-2 tax: $7,668 · $639/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $27,635
• − Mortgage interest: −$10,027
• − Property taxes: −$7,668
• − Insurance: −$895
• − Repairs & maintenance: −$2,211
• − Management: −$2,211
• − HOA: −$216
• − Depreciation: −$5,207
• Taxable loss: −$799
• Est. tax savings @ 24.0%: +$192
• After-tax cash flow: $1,980/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

-98.2% since first listed

10 events — show timeline

• 2026-02-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Listed $179,000 Stellar MLS as Distributed by MLS Grid
• 2024-07-25 Sold (Public Records) $313,500 Public Records
• 2024-07-24 Sold (MLS) $313,500 Stellar MLS as Distributed by MLS Grid
• 2024-07-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-06-26 Listed $303,000 Stellar MLS as Distributed by MLS Grid
• 2010-07-16 Listed $118,990 Stellar MLS as Distributed by MLS Grid
• 2010-07-16 Sold (MLS) $118,990 Stellar MLS as Distributed by MLS Grid
• 2007-12-03 Sold (Public Records) $893,800 Public Records
• 2004-08-04 Sold (Public Records) $10,195,560 Public Records

Property tax history

+7.1%/yr

Latest (2025): $7,668 · +84.2% YoY. Source: county tax records.