517 Beverly Ave · Largo, FL 33770

$202,000

3 bd · 1.0 ba · 1,175 sqft · SingleFamily public records · 14 Days on market

Built 1971 Est $316k · 36% under

---

Why this score? — see what drove the C+ 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 +22.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.5/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Not a Short Sale! Ready to close. This Large 2/1 Home with Fireplace is Ready to Close! Property needs TLC through out. Fixer Upper, Sold AS-IS! Nice Back Yard, Storage Shed, and more! excellent Investment Property! Easy Rental! Not a Short Sale! Ready to close. This Large 2/1 Home with Fireplace is Ready to Close! Property needs TLC through out. Fixer Upper, Sold AS-IS! Nice Back Yard, Storage Shed, and more! excellent Investment Property! Easy Rental! Send over your Cash offer today!!

Key facts

• Back yard
• Investment property
• Storage shed

Tags

• FIREPLACE
• BACK YARD
• STORAGE SHED
• INVESTMENT PROPERTY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $202k.

Deal economics

• At list price, monthly cash flow is $354 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $202k).
• Cap rate 8.4% vs local median 4.2% in Largo — 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 82/100 on livability (#82 in FL, #1,240 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities F.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents falling (-3.5%/yr); 217 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 43% of the median local income ($60k/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 $6k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 20y 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 $36k; list at $202k implies a 461% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,000

Questions for the listing agent

1. Built in 1971 — 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. 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.
4. 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.
5. 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: 1.05% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.51%
• DSCR: 1.33
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $316,075
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
519 13th Ave NW	0.10mi	4/2.0 (+1)	1,163 (-1%)	6mo	$325,000	$279	80
612 SW Beverly Ave	0.05mi	2/1.0 (-1)	1,115 (-5%)	11mo	$275,000	$247	75
1025 11th Ave NW	0.43mi	2/2.0 (-1)	1,200 (+2%)	5mo	$235,000	$196	63
250 Rosery Rd NW #351	0.13mi	2/2.0 (-1)	1,330 (+13%)	1mo	$225,000	$169	62
1014 16th Ave NW	0.36mi	3/2.0	1,303 (+11%)	1mo	$349,900	$269	60
1110 Varona	0.70mi	3/2.0	1,242 (+6%)	1mo	$634,999	$511	53
1621 S Jefferson Ave	0.71mi	3/1.0	1,260 (+7%)	3mo	$247,000	$196	52
1001 10th Ave NW	0.42mi	2/1.0 (-1)	1,291 (+10%)	8mo	$235,000	$182	52
1349 Regina Dr W	0.44mi	3/2.0	1,347 (+15%)	2mo	$445,000	$330	50
906 Ponce DE Leon Blvd	0.72mi	2/1.0 (-1)	1,142 (-3%)	10mo	$520,000	$455	48
711 9th St NW	0.50mi	2/1.5 (-1)	1,019 (-13%)	2mo	$234,000	$230	46
1557 S Martin Luther King JR Ave	0.75mi	3/2.0	1,272 (+8%)	9mo	$342,000	$269	40

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.1%
• Equity multiple: 0.71×
• Total profit: $-16,438
• Equity at exit: $30,119

10-year hold

• IRR: -2.9%
• Equity multiple: 0.83×
• Total profit: $-9,426
• Equity at exit: $17,465

Cash invested: $56,560 (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 33770

• Rents YoY: -3.5%
• Active inventory: 217
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,127 high
• Mortgage (P&I): −$1,059
• Tax from tax record: −$183 /mo · $2,198/yr
• Insurance: −$84
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $354

Break-even live

Break-even rent $1,679

Max offer price $202,000

Occupancy floor 78%

Sensitivity live

Price	-10% $468	-5% $411	+0% $354	+5% $297	+10% $240
Rent	-10% $186	-5% $270	+0% $354	+5% $438	+10% $522
Rate	-1.0pp $456	-0.5pp $405	base $354	+0.5pp $302	+1.0pp $248

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: $50,500
• Closing costs: $6,060
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 Rosery Rd NW #283 Largo, FL	2.0	1.0	764	$1,395	$1.83	21d	1	0.12mi
821 14th Ave NW Largo, FL	3.0	1.0	900	$1,795	$1.99	25d	1	0.25mi
1030 Clearwater Largo Rd N Largo, FL	2.0	1.0	849	$1,875	$2.21	24d	1	0.28mi
811 Rosery Rd NW Largo, FL	1.0–3.0	1.0–3.0	1050	$3,360	$3.20	4d	20	0.29mi
1006 14th Ave NW Largo, FL	3.0	2.0	1444	$2,450	$1.70	25d	1	0.33mi
1007 Hawkins St Unit A Clearwater, FL	2.0	1.0	784	$1,845	$2.35	25d	1	0.45mi
504 6th Ave NW Largo, FL	4.0	2.0	1042	$2,433	$2.33	25d	1	0.52mi
504 6th Ave NW Largo, FL	4.0	2.0	1042	$2,433	$2.33	5d	1	0.52mi
1712 Belleair Forest Dr Unit D Belleair, FL	2.0	1.0	931	$1,495	$1.61	25d	1	0.55mi
556 Clearwater Largo Rd Unit 1 Largo, FL	2.0	1.0	750	$1,600	$2.13	2d	1	0.59mi
1753 Belleair Forest Dr Unit D7 Belleair, FL	2.0	2.0	1068	$1,800	$1.69	25d	1	0.60mi
423 4th St NW Largo, FL	3.0	1.0	960	$1,500	$1.56	5d	1	0.60mi
428 4th St NW Largo, FL	2.0	1.0	850	$1,900	$2.24	25d	1	0.61mi
1128 Belleair Rd Unit Home Clearwater, FL	3.0	1.0	1326	$1,695	$1.28	25d	1	0.65mi
1632 Clearwater Largo Rd Clearwater, FL	3.0	1.0–2.0	961	$2,899	$3.02	2d	25	0.67mi
1574 Ewing Ave Clearwater, FL	3.0	2.0	1324	$2,700	$2.04	4d	1	0.68mi
1321 Chesterfield Dr Unit 1018173P Clearwater, FL	3.0	2.0	1356	$3,967	$2.93	2d	1	0.68mi
605 4th Ave NW Largo, FL	1.0–2.0	1.0–2.0	1032	$2,350	$2.28	4d	6	0.68mi
1571 S Myrtle Ave Clearwater, FL	3.0	2.0	1202	$2,400	$2.00	25d	1	0.69mi
813 4th Ave NW Largo, FL	3.0	1.0	1295	$2,000	$1.54	18d	1	0.72mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,879	$2.21	2d	31	0.74mi
1552 S Myrtle Ave Clearwater, FL	3.0	2.0	900	$1,950	$2.17	8d	1	0.76mi
1552 S Myrtle Ave Clearwater, FL	2.0	1.5	750	$1,750	$2.33	15d	1	0.76mi
264 Ridge Rd N Largo, FL	3.0	1.5	981	$2,400	$2.45	25d	1	0.77mi
1532 S Washington Ave Clearwater, FL	3.0	2.0	954	$1,500	$1.57	5d	1	0.79mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,950	$1.90	25d	1	0.79mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,995	$1.95	11d	1	0.79mi
1310 Bayview Dr Clearwater, FL	3.0	2.0	1500	$3,300	$2.20	25d	1	0.81mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$2,260	$1.90	2d	38	0.82mi
158 Ridge Rd N Largo, FL	2.0	2.0	1155	$1,925	$1.67	15d	1	0.82mi
158 Ridge Rd N Largo, FL	2.0	2.0	1155	$1,925	$1.67	25d	1	0.82mi
158 Ridge Rd N Largo, FL	2.0	2.0	1155	$1,925	$1.67	22d	2	0.82mi
162 6th St NW Largo, FL	2.0	2.0	1230	$2,900	$2.36	5d	1	0.83mi
1516 Carmel Ave Clearwater, FL	2.0	1.0	740	$1,650	$2.23	4d	1	0.86mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	11d	1	0.87mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	24d	1	0.90mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	15d	1	0.90mi
641 Mehlenbacher Rd Unit 1/2 Belleair Bluffs, FL	2.0	1.0	900	$1,350	$1.50	3d	1	0.94mi
629 Wildwood Way Clearwater, FL	2.0	1.0	768	$1,400	$1.82	21d	1	0.94mi
627 Wildwood Way Clearwater, FL	2.0	1.0	768	$1,400	$1.82	21d	1	0.94mi

Listing history 16 events

1. 2026-05-12
   listed $202,000 Active
2. 2014-02-28
   soldstatus $36,000 492-char remark

   Show marketing remark (492 chars)

   Not a Short Sale! Ready to close. This Large 2/1 Home with Fireplace is Ready to Close! Property needs TLC through out. Fixer Upper, Sold AS-IS! Nice Back Yard, Storage Shed, and more! excellent Investment Property! Easy Rental! Not a Short Sale! Ready to close. This Large 2/1 Home with Fireplace is Ready to Close! Property needs TLC through out. Fixer Upper, Sold AS-IS! Nice Back Yard, Storage Shed, and more! excellent Investment Property! Easy Rental! Send over your Cash offer today!!

3. 2014-01-22
   listed $39,999 492-char remark

   Show marketing remark (492 chars)

   Not a Short Sale! Ready to close. This Large 2/1 Home with Fireplace is Ready to Close! Property needs TLC through out. Fixer Upper, Sold AS-IS! Nice Back Yard, Storage Shed, and more! excellent Investment Property! Easy Rental! Not a Short Sale! Ready to close. This Large 2/1 Home with Fireplace is Ready to Close! Property needs TLC through out. Fixer Upper, Sold AS-IS! Nice Back Yard, Storage Shed, and more! excellent Investment Property! Easy Rental! Send over your Cash offer today!!

4. 2014-01-16
   soldstatus $30,555 750-char remark

   Show marketing remark (750 chars)

   IMAGINE THE POSSIBILITIES! 2 bedroom 1 bath single family home with 1,175 sq. ft. of living space located in the Highland Park community. This home features vaulted ceilings in the living room with a lovely fireplace for those chilly winter evenings. Anoffice space with wood flooring. The kitchen is spacious with a generous amount of counter space and storage in the light wood cabinets. Sliding glass doors lead out to wood decking and a large backyard. Needs a little TLC, but has great potential! Convenient to schools, shopping, restaurants and major roads. MAKE THIS YOUR HOME TODAY!!This is a Fannie Mae HomePath Property. Purchase this property for as little as 5% down! This property is approved for HomePath Renovation Mortgage Financing.

5. 2014-01-02
   listed $45,900 750-char remark

   Show marketing remark (750 chars)

   IMAGINE THE POSSIBILITIES! 2 bedroom 1 bath single family home with 1,175 sq. ft. of living space located in the Highland Park community. This home features vaulted ceilings in the living room with a lovely fireplace for those chilly winter evenings. Anoffice space with wood flooring. The kitchen is spacious with a generous amount of counter space and storage in the light wood cabinets. Sliding glass doors lead out to wood decking and a large backyard. Needs a little TLC, but has great potential! Convenient to schools, shopping, restaurants and major roads. MAKE THIS YOUR HOME TODAY!!This is a Fannie Mae HomePath Property. Purchase this property for as little as 5% down! This property is approved for HomePath Renovation Mortgage Financing.

6. 2013-06-18
   listed $45,900
7. 2009-02-23
   listed $65,000
8. 2007-10-31
   soldstatus $147,000
9. 2007-10-26
   soldstatus $147,000
10. 2007-07-17
    listed $148,000
11. 2007-07-15
    historical
12. 2007-05-21
    listed $149,900
13. 2006-10-04
    soldstatus $120,000
14. 2006-09-27
    soldstatus $120,000
15. 2006-01-11
    listed $129,950
16. 1996-12-17
    soldstatus $50,000

ⓘ 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: $2,198 · $183/mo
• Projected year-2 tax: $2,198 · $183/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,527
• − Mortgage interest: −$11,315
• − Property taxes: −$2,198
• − Insurance: −$1,010
• − Repairs & maintenance: −$2,042
• − Management: −$2,042
• − Depreciation: −$5,876
• Taxable income: $1,043
• Est. tax owed @ 24.0%: −$250
• After-tax cash flow: $3,996/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: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Largo

• Score: 82/100
• State rank: #82
• US rank: #1240

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Largo, FL
• County: Pinellas County · 939,478 people
• City population: 106,311
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 25,368
• Household income: $59,815
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1404.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Two or more races 9% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -317.05%
• Current HPI: 353.8484
• Rent YoY: ▼ -3.47%
• Metro: Tampa-St. Petersburg-Clearwater, 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

+304.0% since first listed

16 events — show timeline

• 2026-05-12 Listed $202,000 FSBO.com
• 2014-02-28 Sold (MLS) $36,000 Stellar MLS as Distributed by MLS Grid
• 2014-01-22 Listed $39,999 Stellar MLS as Distributed by MLS Grid
• 2014-01-16 Sold (MLS) $30,555 Stellar MLS as Distributed by MLS Grid
• 2014-01-02 Listed $45,900 Stellar MLS as Distributed by MLS Grid
• 2013-06-18 Listed $45,900 Stellar MLS as Distributed by MLS Grid
• 2009-02-23 Listed $65,000 Stellar MLS as Distributed by MLS Grid
• 2007-10-31 Sold (Public Records) $147,000 Public Records
• 2007-10-26 Sold (MLS) $147,000 Stellar MLS as Distributed by MLS Grid
• 2007-07-17 Listed $148,000 Stellar MLS as Distributed by MLS Grid
• 2007-07-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-05-21 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2006-10-04 Sold (Public Records) $120,000 Public Records
• 2006-09-27 Sold (MLS) $120,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-11 Listed $129,950 Stellar MLS as Distributed by MLS Grid
• 1996-12-17 Sold (Public Records) $50,000 Public Records

Property tax history

+6.0%/yr

Latest (2025): $2,198 · +13.0% YoY. Source: county tax records.