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1501 Diehl Dr Valrico, FL 33594

3 Beds 2 Baths 1,335 sqft Built 1989

$254,990

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $191.00
  • 3 Days on Market
  • MLS # : U8107288
  • Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,335 sqft
  • Baths : 2 full
Listing Agent

Jack Keller Inc

Listing Agent's Description

NO HOA! NO CDD! This 3 bedroom 2 bath corner lot property sits on just under a quarter acre of land. New Gutters. Roof, HVAC, Electrical, and Hot Water tank, replaced and redone within the past 3 years. Open concept floor plan has Bamboo wood flooring throughout, and new tiles in wet areas. Granite countertops in Kitchen and Bath, Stainless SLATE appliances. Home comes with a Water softner treatment system, and Reverse osmosis water filter. Vauled Ceilings, Location Location Location 10 minutes to i75 and i4.

SEE MORE

MARKET HIGHLIGHTS

  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)

PRICE & RENT TRENDS

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k335k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8541840

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Valrico Elementary School Primary Regular 821 62 8
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Valrico Elementary School

  • Education Level: Primary
  • # of students: 821
  • # of teachers: 62
8
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$229,491$280,489$254,990

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$941
Property Tax -$336
Property Insurance -$114
Property Management Fees -$129
CASH FLOW
-$20

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$254,990

PROJECTED PRICE

$1,500

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,322

INVESTMENT

$73,322

Down Payment
$63,748
Rehab Estimate
$5,750
Closing Costs
$3,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$941

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,748
Loan Amount $191,243
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$20,300

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,500

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,308

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 1501 Diehl Dr Valrico, FL 4
    • 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,335 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.12
    •  
  • 614 Lakemont Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1996
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 1311 Hatch Pl Valrico, FL 2
    • 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,580 Sqft ∙ Built 1986
    property image
    LEASED 07/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 1907 Rudder Dr Valrico, FL 3
    • 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,584 Sqft ∙ Built 1986
    property image
    LEASED 08/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 3218 King Richard Ct Seffner, FL 5
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 1976
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jack Keller
1.727.586.1497
Jack Keller Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8107288
Last Updated: 12/12/2020
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