1710 7th St SW #85 · Ruskin, FL 33570

$155,000

3 bd · 2.0 ba · 1,493 sqft · Condo public records · 387 Days on market

Built 1992 $140/mo HOA · 6% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Ready to retire? Riverbreeze Estates- a well-maintained gated 55+ community in Ruskin is the perfect spot! You will own your own lot and never pay lot rent again! One of the largest homes in the park boasts almost 1500 SF of living space. Enjoy breakfast in the sunlit area off the kitchen or entertain friends in the 17 x 25’ Great Room. There are 3 large bedrooms, 2 full-sized bathrooms, with one being an ensuite with a whirlpool tub. Plenty of storage with 2 large walk-in closets plus a walk-in pantry in the kitchen. Lots of natural light throughout! Amenities include a clubhouse with plenty of planned activities, a large heated community pool, shuffleboard, and a fenced storage area for RVs and boats. Buyer approval is required. One indoor cat or a service dog is allowed. The park is conveniently located near US-41 and I-75, making Bradenton, Sarasota, Tampa, and St Pete an easy drive - all with unlimited shopping, beaches, and restaurants. Schedule a showing today.

Key facts

• Gated community
• Clubhouse
• Walk-in closets

Tags

• GATED COMMUNITY
• SUNLIT AREA
• GREAT ROOM
• WALK-IN CLOSETS
• WALK-IN PANTRY
• CLUBHOUSE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $155k.

Deal economics

• At list price, monthly cash flow is $709 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $136k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.8% 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: schools F, 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.
• Market conditions: Rents flat; 489 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 40% 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.
• At projected returns (-3.0% appreciation + 0.9% rent growth), your $43k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 387 days — a 12% lower offer ($136k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 387 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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. 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.
8. 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.
9. 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: 1.53% ✓
• Cap rate: 11.78%
• Cash-on-cash: 19.61%
• DSCR: 1.87
• GRM: 5.4

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: 9.2%
• Equity multiple: 1.35×
• Total profit: $15,227
• Equity at exit: $23,111

10-year hold

• IRR: 16.4%
• Equity multiple: 2.21×
• Total profit: $52,449
• Equity at exit: $13,402

Cash invested: $43,400 (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: 5.4×

Monthly cashflow live

• Estimated rent: $2,379 high
• Mortgage (P&I): −$813
• Tax from tax record: −$152 /mo · $1,829/yr
• Insurance: −$65
• HOA: −$140
• Vacancy / Maint / Mgmt: −$500
• Net cashflow: $709

Break-even live

Break-even rent $1,481

Max offer price $155,000

Occupancy floor 65%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
149 Cascade Bend Dr Ruskin, FL	3.0	2.0	1555	$2,400	$1.54	24d	1	0.56mi
2222 Roanoke Springs Dr Ruskin, FL	4.0	3.0	1790	$2,250	$1.26	24d	1	0.66mi
2205 Roanoke Springs Dr Ruskin, FL	4.0	3.0	1790	$2,000	$1.12	24d	1	0.72mi
2345 Roanoke Springs Dr Ruskin, FL	4.0	3.0	1801	$2,250	$1.25	5d	1	0.80mi
2306 Lawrence Hall St Ruskin, FL	4.0	2.0	1731	$2,100	$1.21	10d	1	0.99mi
1251 9th St SE Ruskin, FL	3.0–4.0	2.0–2.5	1650	$2,111	$1.28	5d	1	1.19mi

HOA detail condo

• Monthly dues: $140 · $1,680/yr
• Likely covers: poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-18
   days on market $155,000 Active 387 DOM
2. 2026-06-17
   days on market $155,000 Active 386 DOM
3. 2026-06-16
   days on market $155,000 Active 385 DOM
4. 2026-06-15
   days on market $155,000 Active 384 DOM
5. 2026-06-13
   days on market $155,000 Active 382 DOM
6. 2026-06-13
   days on market $155,000 Active 381 DOM
7. 2026-06-09
   days on market $155,000 Active 378 DOM
8. 2026-06-08
   days on market $155,000 Active 377 DOM
9. 2026-06-07
   days on market $155,000 Active 376 DOM
10. 2026-06-04
    days on market $155,000 Active 373 DOM
11. 2026-06-03
    days on market $155,000 Active 372 DOM
12. 2026-06-02
    days on market $155,000 Active 371 DOM
13. 2026-06-01
    days on market $155,000 Active 370 DOM
14. 2026-05-31
    days on market $155,000 Active 369 DOM
15. 2025-05-27
    listed $155,000 Active 988-char remark

    Show marketing remark (988 chars)

    Ready to retire? Riverbreeze Estates- a well-maintained gated 55+ community in Ruskin is the perfect spot! You will own your own lot and never pay lot rent again! One of the largest homes in the park boasts almost 1500 SF of living space. Enjoy breakfast in the sunlit area off the kitchen or entertain friends in the 17 x 25’ Great Room. There are 3 large bedrooms, 2 full-sized bathrooms, with one being an ensuite with a whirlpool tub. Plenty of storage with 2 large walk-in closets plus a walk-in pantry in the kitchen. Lots of natural light throughout! Amenities include a clubhouse with plenty of planned activities, a large heated community pool, shuffleboard, and a fenced storage area for RVs and boats. Buyer approval is required. One indoor cat or a service dog is allowed. The park is conveniently located near US-41 and I-75, making Bradenton, Sarasota, Tampa, and St Pete an easy drive - all with unlimited shopping, beaches, and restaurants. Schedule a showing today.

ⓘ 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: $1,829 · $152/mo
• Projected year-2 tax: $1,829 · $152/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

• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 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: $28,543
• − Mortgage interest: −$8,682
• − Property taxes: −$1,829
• − Insurance: −$775
• − Repairs & maintenance: −$2,283
• − Management: −$2,283
• − HOA: −$1,680
• − Depreciation: −$4,509
• Taxable income: $6,500
• Est. tax owed @ 24.0%: −$1,560
• After-tax cash flow: $6,951/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.

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

1 event — show timeline

• 2025-05-27 Listed $155,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.3%/yr

Latest (2025): $1,829 · +7.5% YoY. Source: county tax records.