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3507 Diamond Leaf Ct Valrico, FL 33594

5 Beds 3 Baths 2,447 sqft Built 2019

$347,888

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $142.17
  • 2 Days on Market
  • MLS # : T3279324
  • Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,447 sqft
  • Baths : 3 full
Listing Agent

Align Right Realty Llc

Listing Agent's Description

Welcome Home! This 5 bedroom, 3 full bathroom “smart house” is in the new community of Taho Woods. This newer construction home is less than 2 years old. Solid all concrete construction on the first and second floors giving you peace of mind during storm season. The kitchen is sure to impress with gorgeous espresso cabinets, granite countertops, new upgraded refrigerator, and LED lighting. The open floor plan features a kitchen that opens to the dining and the living area. Off the living area you’ll find a large bedroom and full bathroom. Upstairs hosts the large master suite including a walk-in closet and en-suite bathroom with walk-in shower, a loft (great for reading or gaming!), laundry room, 3 secondary bedrooms and a full bathroom with a tub. New vinyl fencing surrounds the tranquil backyard that overlooks a pond with a water feature on a premium lot. Great for entertaining or quiet evenings around the fire pit. The two car garage allows ample space for cars and storage.This home features a sprinkler system, video doorbell, custom window treatments, full house water softener, 7 remote control ceiling fans, and a Guardian Protection Security System.Taho Woods is located in Valrico just outside of Brandon, slightly north of US-60 which allows easy access to Brandon and Tampa and is only a short drive to highly rated schools, restaurants, entertainment, and gulf coast beaches. Not to mention, only a 1 hour drive to Disney World and major theme parks. This community has 83 energy efficient homes with the latest interior features and cost-saving energy efficient appliances. Florida living at it’s best. Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33594

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33594

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Nelson Elementary School Primary Regular 838 60 5
Mulrennan Middle School Middle Regular 1,133 71 6
Durant High School High Regular 2,303 117 5

Nelson Elementary School

  • Education Level: Primary
  • # of students: 838
  • # of teachers: 60
5
GreatSchools Rating

Mulrennan Middle School

  • Education Level: Middle
  • # of students: 1,133
  • # of teachers: 71
6
GreatSchools Rating

Durant High School

  • Education Level: High
  • # of students: 2,303
  • # of teachers: 117
5
GreatSchools Rating
 

$313,099$382,677$347,888

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,284
Property Tax -$459
Property Insurance -$179
HOA -$73
Property Management Fees -$129
CASH FLOW
-$152

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$347,888

PROJECTED PRICE

$1,970

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 3.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,190

INVESTMENT

$94,190

Down Payment
$86,972
Rehab Estimate
$2,000
Closing Costs
$5,218

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,284

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,972
Loan Amount $260,916
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,909

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7304$1,8655$1,970
$1,970
RENT COMPS ANALYSIS
  • 3507 Diamond Leaf Ct Valrico, FL 5
    • 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,447 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.81
    •  
  • 812 Rocky Mountain Ct Valrico, FL 1
    • 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,344 Sqft ∙ Built 2001
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.72
    •  
  • 806 Grand Canyon Dr Valrico, FL 2
    • 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,162 Sqft ∙ Built 2000
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.78
    •  
  • 4511 Arizona Sun Ct Valrico, FL 3
    • 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 2000
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.81
    •  
  • 809 Crest Top Trl Valrico, FL 4
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2000
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,865
    • $0.81
    •  
PROPERTY LISTING DETAILS
Ashley Atkins
1.941.586.1947
Align Right Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279324
Last Updated: 12/06/2020
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