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522 Beverly Ave Nw Largo, FL 33770

3 Beds 2 Baths 1,230 sqft Built 2003

INVESTimate

$259,900

List Price

$1,410

$1,269 - $1,551

Rent Est.

$279,159  ( +7.41%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2003
  • Price/Sqft : $211.30
  • 10 Days on Market
  • MLS # : T3260020
  • Updated Date : 08/20/2020 at 22:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 2 full
Listing Agent

Capital Caldwell Llc

Listing Agent's Description

This lovely furnished 3/2, 1 car garage home with new laminate floors is turn key & ready for you to move in. Built in 2003, it features an open floor plan with lots of natural light. Kitchen with breakfast bar, pantry and a sliding glass door that leads you to a beautiful deck to enjoy Florida evenings. Master bedroom has a large walk in closet & bath with a new shower. This split bedroom plan is great for privacy or splitting work/life balance. Spacious one car garage with washer & dryer. New roof & AC in 2018. New water softener system. Recent, clean termite inspection. Centrally located in Pinellas this home offers easy access to north county, south county, Hillsborough, & both airports. Shopping, produce, restaurants and the beaches are all within a stone's throw of this well kept home.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kakusha

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Kakusha

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6471590

* 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
Mildred Helms Elementary School Primary Regular 583 45 4
Largo Middle School Middle Regular 733 44 3
Largo High School High Magnet 1,677 86 6

Mildred Helms Elementary School

  • Education Level: Primary
  • # of students: 583
  • # of teachers: 45
4
GreatSchools Rating

Largo Middle School

  • Education Level: Middle
  • # of students: 733
  • # of teachers: 44
3
GreatSchools Rating

Largo High School

  • Education Level: High
  • # of students: 1,677
  • # of teachers: 86
6
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$959
Property Tax -$317
Property Insurance -$108
Property Management Fees -$80
CASH FLOW
-$53

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.

$259,900

PROJECTED PRICE

$1,410

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.41%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$15,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,488

    COMP ESTIMATED VALUE
  • $1.21

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4993$1,6754$1,950
$1,950
RENT COMPS ANALYSIS
  • 522 Beverly Ave Nw Largo, 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.15
    •  
  • 1324 Jeffords St Clearwater, 2
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1983
    property image
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.23
    •  
  • 1312 Tioga Ave Clearwater, 3
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 2006
    property image
    LEASED 04/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.16
    •  
  • 1650 S Betty Ln Clearwater, 4
    • 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,568 Sqft ∙ Built 1987
    property image
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.24
    •  
PROPERTY LISTING DETAILS
Jeremy Mayer
1.727.417.9272
Capital Caldwell Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260020
Last Updated: 08/20/2020
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