7633 Satterfield Ter · Ruskin, FL 34219

$350,000

4 bd · 2.0 ba · 1,840 sqft · Land · 209 Days on market

Built 2025 6,120 sqft lot $12/mo HOA ↓ 9% since listing

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Why this score? — see what drove the D 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 +12.9/30.0
• ARV discount +7.5/15.0
• Schools +4.4/10.0
• DSCR +3.9/10.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

Key facts

• Community pool
• Sports courts
• Open concept layout

Tags

• ENERGY EFFICIENT HOME
• OPEN CONCEPT LAYOUT
• COMMUNITY POOL
• CLUBHOUSE WITH FITNESS CENTER
• SPORTS COURTS
• PLAYGROUND

Property features AI

Finance

• Other: Home warranty included; Green features: energy-efficient appliances, HVAC, insulation, thermostat, windows
• Financial info: CDD applicable
• HOA & community: HOA managed by Home River Group; Monthly HOA dues $12.50 (annual $150); Association amenities: basketball court, pickleball court(s); Community features: fitness center, playground, pool, street lights, deed restrictions; Pets allowed

Exterior

• Parking: Attached 2-car garage (18 x 20) with driveway
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Cable available; Underground utilities
• Home design: Single family residence; One level; Under construction (projected completion: 2025-12-15); Faces northeast
• Construction: Block construction; Shingle roof; Slab foundation; New construction (builder: Meritage Homes, model: Foxglove)
• Exterior features: Patio; Sidewalk; Irrigation equipment; Asphalt road access; Public maintained road

Interior

• Kitchen: Dishwasher; Microwave; Range
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Open floorplan; Walk-in closet(s); Smoke detector(s)
• Laundry & utility: Indoor laundry room

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $350k.

Deal economics

• At list price, monthly cash flow is $-23 ($-279/yr) — negative.
• To cash-flow at today's rent, offer at most $346k (1.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $292k (16.4% below list).
• Recommended offer: $292k (16.4% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Annie Lucy Williams Elementary School (math 80% / reading 73%, grade A, #185 of 2,144 statewide, top 9%, 798 students, 31% FRL); Parrish Community High School (math 47% / reading 57%, grade D+, #160 of 667 statewide, top 25%, 2,017 students, 32% FRL) — zoned schools average 32% FRL vs 51% district-wide (19 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 64% at this address vs 52% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Manatee average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents soft (-0.9%/yr); 2170 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• This rent runs 31% of the median local income ($114k/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 $10k of value loss. Plan a longer hold.
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $24k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $292,494 (16.4% 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 209 days. Have you received any prior offers? Is the seller open to a 16% 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: 0.84% ✗
• Cap rate: 6.21%
• Cash-on-cash: -0.29%
• DSCR: 0.99
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -20.1%
• Equity multiple: 0.32×
• Total profit: $-66,777
• Equity at exit: $52,186

10-year hold

• IRR: -21.1%
• Equity multiple: 0.05×
• Total profit: $-93,217
• Equity at exit: $30,262

Cash invested: $98,000 (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 34219

• Home prices YoY: -23.7%
• Rents YoY: -0.9%
• Active inventory: 2170
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,925 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$341 /mo · $4,088/yr
• Insurance: −$146
• HOA: −$12
• Vacancy / Maint / Mgmt: −$614
• Net cashflow: $-23

Break-even live

Break-even rent $2,954

Max offer price $345,888

Occupancy floor 96%

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7148 Boggy Creek Pl Parrish, FL	3.0	2.0	1269	$1,929	$1.52	3d	1	0.42mi
13089 Oak Hill Way Parrish, FL	5.0	3.0	2471	$2,650	$1.07	23d	1	0.74mi
8850 Ginko Run Parrish, FL	3.0	2.5	1691	$2,600	$1.54	16d	1	0.94mi
12930 Oak Hill Way Parrish, FL	5.0	3.0	2453	$2,679	$1.09	21d	1	1.02mi
12484 Oak Hill Way Parrish, FL	3.0	2.0	1518	$2,600	$1.71	23d	1	1.11mi
6915 Indus Valley Cir Parrish, FL	3.0	3.0	2461	$2,695	$1.10	10d	1	1.25mi
12573 Oak Hill Way Parrish, FL	3.0	2.0	1518	$2,500	$1.65	3d	1	1.26mi
6969 Indus Valley Cir Parrish, FL	3.0	3.0	2461	$2,695	$1.10	10d	1	1.34mi

HOA detail

• Monthly dues: $12 · $144/yr

Listing history 27 events

1. 2026-06-18
   days on market $350,000 Active 209 DOM
2. 2026-06-17
   days on market $350,000 Active 208 DOM
3. 2026-06-16
   days on market $350,000 Active 207 DOM
4. 2026-06-15
   days on market $350,000 Active 206 DOM
5. 2026-06-13
   days on market $350,000 Active 204 DOM
6. 2026-06-13
   days on market $350,000 Active 203 DOM
7. 2026-06-10
   days on market $350,000 Active 201 DOM
8. 2026-06-09
   days on market $350,000 Active 200 DOM
9. 2026-06-08
   days on market $350,000 Active 199 DOM
10. 2026-06-08
    days on market $350,000 Active 198 DOM
11. 2026-06-03
    days on market $350,000 Active 194 DOM
12. 2026-06-02
    days on market $350,000 Active 193 DOM
13. 2026-06-01
    days on market $350,000 Active 192 DOM
14. 2026-05-31
    days on market $350,000 Active 191 DOM
15. 2026-04-25
    status Active 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

16. 2026-04-25
    historical 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

17. 2026-02-20
    price $350,000 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

18. 2026-02-20
    price $350,000

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

19. 2026-01-31
    price $358,250 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

20. 2026-01-29
    price $358,250
21. 2025-11-27
    price $359,250 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

22. 2025-11-27
    price $359,250

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

23. 2025-11-21
    listed $374,250 Active
24. 2025-11-06
    status Active 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

25. 2025-11-06
    price $374,250 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

26. 2025-10-24
    historical 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

27. 2025-10-22
    listed $384,250 Active 238-char remark

    Show marketing remark (238 chars)

    The Foxglove floorplan showcases a spacious open-concept layout with 4 bedrooms, 2 bathrooms, and a 2-car garage. The open kitchen overlooks a generous great room and dining area, making it ideal for both everyday living and entertaining.

ⓘ 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: $4,088 · $341/mo
• Projected year-2 tax: $4,088 · $341/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

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

Taxation est. · year 1

• Rental income: $35,099
• − Mortgage interest: −$19,605
• − Property taxes: −$4,088
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,808
• − Management: −$2,808
• − HOA: −$144
• − Depreciation: −$10,182
• Taxable loss: −$6,286
• Est. tax savings @ 24.0%: +$1,509
• After-tax cash flow: $1,229/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: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 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

• County: Manatee County · 416,364 people
• City population: 33,319
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 33,296
• Household income: $113,773
• Rent vs Own: 8.1% rent · 91.9% own
• Severe rent burden: 219.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Two or more races 8% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 4% Hispanic 2% Russian 2%
• Foreign-born: 10% · Canada, Dominican Republic, Jamaica
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 2% Other Asian/Pacific 1%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.45%
• Current HPI: 271.7131
• Rent YoY: ▼ -0.95%
• Metro: North Port-Sarasota-Bradenton, 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

-8.9% since first listed

13 events — show timeline

• 2026-04-25 Relisted — Zillow
• 2026-04-25 Delisted — Zillow
• 2026-02-20 Price Changed $350,000 Zillow
• 2026-02-20 Price Changed $350,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-31 Price Changed $358,250 Zillow
• 2026-01-29 Price Changed $358,250 Stellar MLS as Distributed by MLS Grid
• 2025-11-27 Price Changed $359,250 Zillow
• 2025-11-27 Price Changed $359,250 Stellar MLS as Distributed by MLS Grid
• 2025-11-21 Listed $374,250 Stellar MLS as Distributed by MLS Grid
• 2025-11-06 Relisted — Zillow
• 2025-11-06 Price Changed $374,250 Zillow
• 2025-10-24 Delisted — Zillow
• 2025-10-22 Listed $384,250 Zillow

Property tax history

+670.6%/yr

Latest (2025): $4,088 · +670.6% YoY. Source: county tax records.