611 Destiny Dr #501 · Ruskin, FL 33570

$160,000

1 bd · 1.0 ba · 464 sqft · Condo · 335 Days on market

Built 1970 Good condition $345/sqft · 6% below area Est $171k · 6% under $732/mo HOA · 52% of rent

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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 +10.3/15.0
• Condition / age +3.8/5.0
• 1% rule +3.7/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Cash flow +0.0/30.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into paradise with this first-floor, fully furnished waterfront studio perfectly positioned in the sought-after Little Harbor Resort. Enjoy the perks of a true Florida resort lifestyle with access to a deep-water marina, sparkling pool, tennis and pickleball courts, fitness center, private beach and on-site restaurants. Little Harbor is a serene, gated community known for its blend of relaxation and recreation — a coastal gem designed for comfort and connection. Whether you’re searching for a vacation getaway, winter escape, or income-generating investment, this condo offers flexible ownership — live here for 6 months and rent it out for the other 6! It’s the perfect balance of personal enjoyment and financial opportunity. This condo unit is tastefully furnished and wheelchair accessible, combining coastal charm with practical comfort, making it ideal for all lifestyles. Worry-Free Ownership: Enjoy new HVAC (2022), roof insurance, and an HOA that covers utilities, cable, internet, and garbage — giving you the peace of mind to simply relax and enjoy the view. From Tampa’s vibrant city life to local golf courses, shopping, nature parks, and waterfront dining, every day brings new adventures. This is your opportunity to own a slice of paradise at an unbeatable value. Come explore today and turn your waterfront dream into a reality!

Key facts

• Gated community
• Deep-water marina
• Fitness center

Tags

• DEEP-WATER MARINA
• TENNIS AND PICKLEBALL COURTS
• FITNESS CENTER
• PRIVATE BEACH
• ON-SITE RESTAURANTS
• GATED COMMUNITY

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $160k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• Rent doesn't cover operating costs at any purchase price — skip.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (12.8% below list).
• Recommended offer: $139k (12.8% below list) — sets the bar for 1% rule.
• Cap rate 0.8% vs local median 4.2% in Ruskin — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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; 770 active listings in the ZIP; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).

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

• It's been on market 335 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 15y ago; this cycle's ask has dropped $30k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; HOA is 52% of rent.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,467 (12.8% 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 335 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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?
11. 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.
12. 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.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 0.77%
• Cash-on-cash: -19.71%
• DSCR: 0.12
• GRM: 9.6

CMA / ARV

• ARV (median comp): $170,504
• List price: $160,000
• Delta: -6.16%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
611 Destiny Dr #609	0.16mi	1/1.0	432 (-7%)	46mo	$180,000	$417	61
611 Destiny Dr #613	0.16mi	1/1.0	432 (-7%)	51mo	$180,000	$417	61
720 Oak St SW	1.98mi	2/1.0 (+1)	576 (+24%)	40mo	$74,000	$128	15

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: -97.6%
• Equity multiple: -1.28×
• Total profit: $-102,119
• Equity at exit: $23,857

10-year hold

• IRR: —
• Equity multiple: -3.30×
• Total profit: $-192,638
• Equity at exit: $13,834

Cash invested: $44,800 (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 →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $149,000 ($321/sqft)
• Median days on market: 362 d
• This list price: 100% of active listings are priced below it
• ARV vs active asking: +14.4% 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: 770
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,395 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,400/yr
• Insurance: −$67
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$732
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $-1,162

Break-even live

Break-even rent $2,866

Max offer price —

Occupancy floor —

Sensitivity live

Price	-10% $-1,052	-5% $-1,107	+0% $-1,162	+5% $-1,218	+10% $-1,273
Rent	-10% $-1,273	-5% $-1,218	+0% $-1,162	+5% $-1,107	+10% $-1,052
Rate	-1.0pp $-1,082	-0.5pp $-1,122	base $-1,162	+0.5pp $-1,204	+1.0pp $-1,246

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: $40,000
• Closing costs: $4,800
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

HOA detail $732/mo · $8,784/yr condo

• Likely covers: watertrashinternetcablepoolgymsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-09-24
   days on market $160,000 Active 335 DOM
2. 2026-09-23
   days on market $160,000 Active 334 DOM
3. 2026-09-22
   days on market $160,000 Active 333 DOM
4. 2026-09-21
   days on market $160,000 Active 332 DOM
5. 2026-09-20
   days on market $160,000 Active 331 DOM
6. 2026-09-19
   days on market $160,000 Active 330 DOM
7. 2026-09-18
   days on market $160,000 Active 329 DOM
8. 2026-09-17
   days on market $160,000 Active 328 DOM
9. 2026-09-16
   days on market $160,000 Active 327 DOM
10. 2026-09-15
    days on market $160,000 Active 326 DOM
11. 2026-09-14
    days on market $160,000 Active 325 DOM
12. 2026-09-13
    days on market $160,000 Active 324 DOM
13. 2026-09-12
    days on market $160,000 Active 323 DOM
14. 2026-09-11
    days on market $160,000 Active 322 DOM
15. 2026-09-05
    days on market $160,000 Active 316 DOM
16. 2026-09-04
    days on market $160,000 Active 315 DOM
17. 2026-09-03
    days on market $160,000 Active 314 DOM
18. 2026-08-31
    days on market $160,000 Active 311 DOM
19. 2026-08-30
    days on market $160,000 Active 310 DOM
20. 2026-08-29
    days on market $160,000 Active 309 DOM
21. 2026-08-28
    days on market $160,000 Active 308 DOM
22. 2026-08-27
    days on market $160,000 Active 307 DOM
23. 2026-08-26
    days on market $160,000 Active 306 DOM
24. 2026-08-25
    days on market $160,000 Active 305 DOM
25. 2026-08-24
    days on market $160,000 Active 304 DOM
26. 2026-08-23
    days on market $160,000 Active 303 DOM
27. 2026-08-22
    days on market $160,000 Active 302 DOM
28. 2026-08-20
    days on market $160,000 Active 300 DOM
29. 2026-08-19
    days on market $160,000 Active 299 DOM
30. 2026-08-18
    days on market $160,000 Active 298 DOM
31. 2026-08-17
    days on market $160,000 Active 297 DOM
32. 2026-08-16
    days on market $160,000 Active 296 DOM
33. 2026-08-15
    days on market $160,000 Active 295 DOM
34. 2026-08-14
    days on market $160,000 Active 294 DOM
35. 2026-08-13
    pricedays on market $160,000 Active 293 DOM
36. 2026-08-12
    days on market $190,000 Active 292 DOM
37. 2026-08-11
    days on market $190,000 Active 291 DOM
38. 2026-08-10
    days on market $190,000 Active 290 DOM
39. 2026-08-09
    days on market $190,000 Active 289 DOM
40. 2026-08-08
    days on market $190,000 Active 288 DOM
41. 2026-08-06
    days on market $190,000 Active 286 DOM
42. 2026-08-05
    days on market $190,000 Active 285 DOM
43. 2026-08-04
    days on market $190,000 Active 284 DOM
44. 2026-08-03
    days on market $190,000 Active 283 DOM
45. 2026-07-31
    days on market $190,000 Active 280 DOM
46. 2026-07-30
    days on market $190,000 Active 278 DOM
47. 2026-07-28
    days on market $190,000 Active 277 DOM
48. 2026-07-26
    days on market $190,000 Active 275 DOM
49. 2026-07-24
    days on market $190,000 Active 273 DOM
50. 2026-07-23
    days on market $190,000 Active 272 DOM

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,736
• − Mortgage interest: −$8,962
• − Property taxes: −$2,400
• − Insurance: −$5,918
• − Repairs & maintenance: −$1,339
• − Management: −$1,339
• − HOA: −$8,784
• − Depreciation: −$4,655
• Taxable loss: −$16,661
• Est. tax savings @ 24.0%: +$3,999
• After-tax cash flow: $-9,951/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 · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $2,320–$6,960 screening

This fully furnished waterfront studio at Little Harbor Resort is in good condition with minor cosmetic repairs needed. It offers a serene and recreational lifestyle with access to amenities and a private beach, making it an attractive investment opportunity.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance
• Minor Kitchen countertops — Need cleaning

Value-add opportunities

• Both Paint freshen up — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Deep clean kitchen — Clean kitchen enhances appeal and functionality ↑
• Both Landscaping trim — Well-maintained landscaping enhances curb appeal and property value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

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

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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%

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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%

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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

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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

+458.8% since first listed

16 events — show timeline

• 2025-10-24 Listed $190,000 Stellar MLS as Distributed by MLS Grid
• 2024-07-12 Sold (MLS) $170,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-03-13 Price Changed $188,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-08 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2023-12-08 Price Changed $194,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-20 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-09-09 Listed $204,900 Stellar MLS as Distributed by MLS Grid
• 2021-11-30 Sold (MLS) $125,000 Stellar MLS as Distributed by MLS Grid
• 2021-10-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-10-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-09-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-09-14 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2012-04-06 Sold (MLS) $32,000 Stellar MLS as Distributed by MLS Grid
• 2011-02-15 Listed $34,000 Stellar MLS as Distributed by MLS Grid