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522 Avocado Cir Brandon, FL 33510

3 Beds 1 Baths 950 sqft Built 1973

$199,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $210.42
  • 4 Days on Market
  • MLS # : T3291729
  • Updated Date : 02/27/2021 at 19:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 950 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome home to this 3 bedroom, 1 bathroom charmer! Time to stop looking -- this is the one! With a new AC in 2012, Water Heater in 2016, Windows in 2016, Screened-in Lanai in 2020, and Roof in 2006, this is a very smart purchase! Upon entry you will notice that the floorplan from living room, to the dining room and kitchen provide a great space for entertaining family or friends. A laundry closet houses shelving as well which makes this chore a little easier! Does the pandemic have you working from home? Turn this 3rd bedroom into an at-home office space! Take your guests outside to the new screened-in lanai, perfect for a sunset gathering. The fenced in backyard has great landscaping currently, AND is home to a new storage shed with a $4,000 value! Wonderfully located on a quiet street in a beautiful neighborhood, near all kinds of shopping and dining. Do not miss the opportunity to make this home yours and call us today to schedule your showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • One of the best cost-friendly American cities to do business (KPMG)

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
 

$179,910$219,890$199,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$694
Property Tax -$254
Property Insurance -$91
Property Management Fees -$129
CASH FLOW
$1

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.

$199,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.59%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$58,724

INVESTMENT

$58,724

Down Payment
$49,975
Rehab Estimate
$5,750
Closing Costs
$2,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$694

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $49,975
Loan Amount $149,925
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$14,626

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $988

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,170
1$1,1702$1,2503$1,2504$1,250
$1,250
RENT COMPS ANALYSIS
  • 522 Avocado Cir Brandon, FL 1
    • 3 beds 1 baths ∙ 950 Sqft ∙ Built 1973 3 beds 1 baths ∙ 950 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.23
    •  
  • 121 Emily Ln Brandon, FL 2
    • 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 1633 Crossridge Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1985
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 123 Melanie Ln Brandon, FL 4
    • 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1967
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kim Ramirez
1.813.842.5683
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291729
Last Updated: 02/27/2021
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