3271 Electra Dr · Avalon, FL 32583

$165,000

4 bd · 2.0 ba · 1,934 sqft · SingleFamily public records · 6 Days on market

Built 1956 0.43 ac lot

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +5.3/10.0
• Rent growth +3.6/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New Price!!!! Updated home with room to add your personal touch! This three bedroom home features new ceiling fans and new carpet in each bedroom. There is a small Flex room attached to one of the bedrooms that would make a great play room or study room. The kitchen and bathrooms also feature updates. With an over-sized laundry room, you can take care of laundry and create an additional office space, or family command center. The outside of this home features a well maintained lawn, and new decking that is perfect for entertaining. The backyard offers a concrete slab for parking a boat or RV if desired. There are additional updates, call today to schedule your showing.

Key facts

• Front porch
• Back deck
• Rv boat parking pad

Tags

• FULLY FENCED YARD
• FRONT PORCH
• BACK DECK
• RV BOAT PARKING PAD

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Total of 3 parking spaces; 1-car attached garage; 2-car carport (covered)
• Utilities: Public water; Septic tank sewer
• Home design: One-story frame home; Resale property; Not attached to another property
• Construction: Frame construction; Composition roof; Off-grade foundation; Built as a single-level (one)
• Exterior features: Paved, county-maintained road access; Does not allow horses

Interior

• Kitchen: Electric water heater
• Bedrooms: Master bedroom on the first floor; All bedrooms located on the first floor
• Flooring: Hardwood; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Wood stove; Central air conditioning; Ceiling fans
• Interior features: Hardwood and vinyl flooring; Breakfast nook (dining area)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $558 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 10.4% vs local median 4.5% in Avalon — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#648 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A; Watch: schools F, amenities F, commute F.
• Santa Rosa (suburban): math 63% / reading 60% proficiency, ranked #8 of 73 in FL (top 11%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.5%/yr); 806 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,983 units permitted in Santa Rosa County in 2024 (128 in 5+ unit buildings).
• This rent runs 30% of the median local income ($85k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Santa Rosa County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.5% rent growth), your $46k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 25y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $89k; list at $165k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $165,000

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.30% ✓
• Cap rate: 10.35%
• Cash-on-cash: 14.49%
• DSCR: 1.64
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $346,186
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5416 New Abbey Ln	0.45mi	3/2.0 (-1)	2,040 (+6%)	1mo	$461,000	$226	64
5271 Suwanee St	0.26mi	3/2.0 (-1)	1,724 (-11%)	4mo	$265,000	$154	62
5186 Mulat Rd	0.69mi	4/2.0	1,900 (-2%)	14mo	$392,000	$206	53
2983 N 18th Ave	0.72mi	4/2.5	1,902 (-2%)	12mo	$275,000	$145	52
3207 Glen Coe Ct	0.41mi	3/2.0 (-1)	2,206 (+14%)	4mo	$549,799	$249	49
3224 Old Abbey Pass	0.42mi	4/2.0	2,158 (+12%)	18mo	$490,000	$227	46
3041 N 17th Ave	0.57mi	3/2.0 (-1)	1,679 (-13%)	1mo	$215,000	$128	45
5109 Carley Ct	0.55mi	3/2.0 (-1)	1,657 (-14%)	4mo	$282,500	$170	42
5102 Carley Ct	0.58mi	3/2.0 (-1)	1,674 (-13%)	6mo	$279,000	$167	41
5094 Carley Ct	0.59mi	3/2.0 (-1)	1,650 (-15%)	3mo	$295,000	$179	40
5167 Teresa Dr	0.51mi	3/2.0 (-1)	1,657 (-14%)	15mo	$282,000	$170	35
5134 Carley Ct	0.55mi	3/2.0 (-1)	1,657 (-14%)	14mo	$300,000	$181	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.53% rent growth · sell at horizon

5-year hold

• IRR: 6.7%
• Equity multiple: 1.26×
• Total profit: $12,203
• Equity at exit: $24,602

10-year hold

• IRR: 17.3%
• Equity multiple: 2.53×
• Total profit: $70,775
• Equity at exit: $14,266

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32583

• Home prices YoY: -11.3%
• Rents YoY: 4.5%
• Active inventory: 806
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,153 high
• Mortgage (P&I): −$865
• Tax from tax record: −$209 /mo · $2,505/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $558

Break-even live

Break-even rent $1,447

Max offer price $165,000

Occupancy floor 69%

Sensitivity live

Price	-10% $651	-5% $605	+0% $558	+5% $511	+10% $465
Rent	-10% $388	-5% $473	+0% $558	+5% $643	+10% $728
Rate	-1.0pp $641	-0.5pp $600	base $558	+0.5pp $515	+1.0pp $472

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3210 Electra Dr Milton, FL	3.0	2.0	1543	$2,000	$1.30	14d	1	0.15mi
5093 Carley Ct Milton, FL	3.0	2.0	1657	$1,950	$1.18	14d	1	0.57mi
3015 N 33rd Ave Milton, FL	3.0	2.0	1373	$1,950	$1.42	24d	1	1.18mi
4185 Pendragon Cir Unit Alisha walker Milton, FL	3.0	2.5	1553	$1,800	$1.16	14d	1	1.25mi
4167 Pendragon Cir Milton, FL	3.0	2.5	1553	$1,800	$1.16	14d	1	1.25mi
5621 Fulcina Ct Milton, FL	3.0	2.0	1585	$1,900	$1.20	24d	1	1.26mi
4067 Pendragon Cir Milton, FL	3.0	2.5	1537	$1,800	$1.17	14d	1	1.29mi
3863 Pendragon Cir , FL	3.0	2.5	1579	$2,500	$1.58	24d	1	1.30mi
4051 Pendragon Cir Milton, FL	3.0	2.5	1530	$1,800	$1.18	14d	1	1.31mi
5320 Cornwall Dr Milton, FL	3.0	2.0	1703	$2,200	$1.29	14d	1	1.35mi
3984 Pendragon Cir Unit 1 Milton, FL	3.0	2.5	1537	$1,800	$1.17	22d	1	1.37mi
5625 Shooting Star Ct Milton, FL	3.0	2.0	1655	$1,950	$1.18	22d	1	1.44mi
5604 Shooting Star Ct Milton, FL	3.0	2.0	1324	$2,300	$1.74	14d	1	1.44mi

Listing history 18 events

1. 2026-05-18
   status Pending
2. 2026-05-12
   listed $165,000 Active
3. 2026-03-05
   soldstatus $89,100
4. 2018-08-07
   soldstatus $153,500
5. 2018-08-03
   soldstatus $153,500 681-char remark

   Show marketing remark (681 chars)

   New Price!!!! Updated home with room to add your personal touch! This three bedroom home features new ceiling fans and new carpet in each bedroom. There is a small Flex room attached to one of the bedrooms that would make a great play room or study room. The kitchen and bathrooms also feature updates. With an over-sized laundry room, you can take care of laundry and create an additional office space, or family command center. The outside of this home features a well maintained lawn, and new decking that is perfect for entertaining. The backyard offers a concrete slab for parking a boat or RV if desired. There are additional updates, call today to schedule your showing.

6. 2018-01-13
   listed $154,900 681-char remark

   Show marketing remark (681 chars)

   New Price!!!! Updated home with room to add your personal touch! This three bedroom home features new ceiling fans and new carpet in each bedroom. There is a small Flex room attached to one of the bedrooms that would make a great play room or study room. The kitchen and bathrooms also feature updates. With an over-sized laundry room, you can take care of laundry and create an additional office space, or family command center. The outside of this home features a well maintained lawn, and new decking that is perfect for entertaining. The backyard offers a concrete slab for parking a boat or RV if desired. There are additional updates, call today to schedule your showing.

7. 2013-04-24
   soldstatus $127,000
8. 2013-04-23
   soldstatus $27,000 27-char remark

   Show marketing remark (27 chars)

   This is a handy man special

9. 2012-01-07
   listed $25,900 27-char remark

   Show marketing remark (27 chars)

   This is a handy man special

10. 2007-12-31
    historical
11. 2007-01-05
    listed $114,700
12. 2004-05-21
    soldstatus $95,000
13. 2004-05-11
    soldstatus $95,000
14. 2004-04-13
    historical
15. 2004-01-09
    listed $94,900
16. 2001-08-28
    listed $94,900
17. 2000-06-07
    soldstatus $90,600
18. 1987-12-01
    soldstatus $30,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,505 · $209/mo
• Projected year-2 tax: $2,505 · $209/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 2/10 Low FEMA zone X (unshaded) · 3% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,835
• − Mortgage interest: −$9,243
• − Property taxes: −$2,505
• − Insurance: −$825
• − Repairs & maintenance: −$2,067
• − Management: −$2,067
• − Depreciation: −$4,800
• Taxable income: $4,329
• Est. tax owed @ 24.0%: −$1,039
• After-tax cash flow: $5,657/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Santa Rosa
• NCES district ID: 1201650
• Math proficiency: 63% ▼ -6.00%
• Reading proficiency: 60% ▼ -5.00%
• Median HH income: $58,161
• Composite: 53.12/100
• National rank: #1511
• State rank: #8 of 73 in FL

Livability — Avalon

• Score: 65/100
• State rank: #648
• US rank: #12530

Category grades

Amenities F Commute F Cost of living A Crime A+ Employment B+ Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Santa Rosa County · 194,764 people
• Metro: Pensacola-Ferry Pass-Brent, FL
• Population (ZIP): 31,828
• Household income: $85,440
• Rent vs Own: 12.9% rent · 87.1% own
• Severe rent burden: 122.0

Population outlook (Santa Rosa County) Hauer SSP2

• Today (2025): 195,978 people
• By 2030: 209,782 · +7.0%
• By 2040: 235,293 · +20.1%
• By 2050: 256,408 · +30.8%
• By 2075: 298,074 · +52.1%
• By 2100: 303,216 · +54.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 11% Two or more races 10% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 1%
• Common ancestry: Italian 3% Slovak 2% Serbian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 3%

Political lean MEDSL · Santa Rosa

• 2024 margin: Solid R (+51.0) · D 24.1% · R 75.0%
• 2008→2024 swing: -3.0pp toward R · 2008: -47.9pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+46.5 2016: R+53.5 2012: R+52.6 2008: R+47.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.35%
• Current HPI: 301.8819
• Rent YoY: ▲ 4.53%
• Metro: Pensacola-Ferry Pass-Brent, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+450.0% since first listed

18 events — show timeline

• 2026-05-18 Pending — PARMLS
• 2026-05-12 Listed $165,000 PARMLS
• 2026-03-05 Sold (Public Records) $89,100 Public Records
• 2018-08-07 Sold (Public Records) $153,500 Public Records
• 2018-08-03 Sold (MLS) $153,500 PARMLS
• 2018-01-13 Listed $154,900 PARMLS
• 2013-04-24 Sold (Public Records) $127,000 Public Records
• 2013-04-23 Sold (MLS) $27,000 PARMLS
• 2012-01-07 Listed $25,900 PARMLS
• 2007-12-31 Listing Removed — PARMLS
• 2007-01-05 Listed $114,700 PARMLS
• 2004-05-21 Sold (Public Records) $95,000 Public Records
• 2004-05-11 Sold (MLS) $95,000 PARMLS
• 2004-04-13 Listing Removed — PARMLS
• 2004-01-09 Listed $94,900 PARMLS
• 2001-08-28 Listed $94,900 PARMLS
• 2000-06-07 Sold (Public Records) $90,600 Public Records
• 1987-12-01 Sold (Public Records) $30,000 Public Records

Property tax history

+32.4%/yr

Latest (2025): $2,505 · +6.6% YoY. Source: county tax records.