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521 Avocado Cir Brandon, FL 33510

3 Beds 2 Baths 1,330 sqft Built 1973

$239,900

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $180.38
  • 2 Days on Market
  • MLS # : L4920555
  • Updated Date : 01/30/2021 at 13:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,330 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Smart

Listing Agent's Description

NEW LISTING!!! Great property in the heart of Brandon, with NO HOA, NO CDD. Proudly own the property with no deed restrictions. This home has 3 bedrooms, 2 bathrooms, and has 1330 sqft of heated living space. The home is completely renovated and ready for you to move right in. The circular driveway gives you additional parking space and the corner lot property has a great curb appeal with all manicured landscaping. This home has a great LOCATION with easy access to I-4, I-75, close to shopping, restaurants, Tampa International Airport, MacDill Airbase.

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: Brandon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Neighborhood: Brandon Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8391624

* 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
Seffner Elementary School Primary Regular 708 55 3
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Seffner Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 55
3
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
 

$215,910$263,890$239,900

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$833
Property Tax -$305
Property Insurance -$114
Property Management Fees -$129
CASH FLOW
-$51

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.

$239,900

PROJECTED PRICE

$1,330

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.4%
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

PROJECTED ANNUAL CASH FLOW

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

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$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$12,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,330

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3303$1,4004$1,4495$1,550
$1,550
RENT COMPS ANALYSIS
  • 521 Avocado Cir Brandon, FL 2
    • 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,330 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $1.00
    •  
  • 123 Melanie Ln Brandon, FL 1
    • 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1967
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
  • 720 Hazy Meadow Ct Brandon, FL 3
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1985
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
  • 510 Holly Ln Brandon, FL 4
    • 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,450 Sqft ∙ Built 1960
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $1.00
    •  
  • 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
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
PROPERTY LISTING DETAILS
James Coyle
1.863.698.0040
Keller Williams Realty Smart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: L4920555
Last Updated: 01/30/2021
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