2405 Corrine St · Tampa, FL 33605

$330,000

3 bd · 2.0 ba · 1,830 sqft · SingleFamily public records · 79 Days on market

Built 1908 4,750 sqft lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Step into the charm of this beautifully maintained 1908 bungalow—perfect for families who love to entertain. This spacious 1,830 sq ft home offers a versatile layout with two bedrooms, a bonus room, and a private in-law suite located at the rear of the property. The outdoor space is truly a standout feature, boasting a covered patio complete with an outdoor kitchen—ideal for hosting gatherings and family celebrations. A covered driveway provides ample parking for up to eight vehicles, a rare and valuable convenience. Inside, the main bathroom is thoughtfully designed with a walk-in shower, toilet, and bidet. The kitchen blends vintage charm with functionality, featuring an antique gas stove with a built-in griddle—perfect for making delicious breakfasts. Additional highlights include a side porch with extra storage and a shed, as well as a welcoming front porch—an inviting spot to relax and connect with neighbors. Ceramic tile flooring runs throughout the home, adding durability and easy maintenance. Located close to Desoto Waterfront Park, where residents can enjoy a variety of amenities including a fitness trail, community pool, playground, skateboard park, tennis courts, and basketball courts—all set along the beautiful waterfront. This home is centrally located 15 minutes to downtown/Channelside, The Florida Aquarium, Benchmark Arena, Ybor city and the Port of Tampa. It is also 20 minutes to Busch Gardens/Adventure Island and Tampa International airport with the Crosstown and I275 entrance off 22nd street. The beaches are only 35 minutes away as well. Work from home perfect for a hairdresser, accountant, catering or business with the detached in-law suite. The Pathway to Palmetto Project was just given a grant for 30 million to improve this neighborhood and waterfront community. Now is the time to buy in the neighborhood before the investors find out.

Key facts

• Private in-law suite
• Covered driveway
• Walk-in shower

Tags

• PRIVATE IN-LAW SUITE
• OUTDOOR KITCHEN
• COVERED DRIVEWAY
• WALK-IN SHOWER
• ANTIQUE GAS STOVE
• CERAMIC TILE FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $827 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $330k).
• Recommended offer: $310k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 79/100 on livability (#142 in FL, #2,135 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, crime D+.
• Hillsborough (suburban): math 47% / reading 50% proficiency, ranked #41 of 73 in FL (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 187 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• At $4,474/mo this rent would consume 145% of the median local household income ($37k/yr) (locally 1374% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $35k of equity ($2k loan paydown + $33k appreciation (10.0% local appreciation)).
• Hillsborough County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 0.6% rent growth), your $92k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$57k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($310k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1908 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $310,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1908 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.36% ✓
• Cap rate: 10.85%
• Cash-on-cash: 16.28%
• DSCR: 1.72
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.58% rent growth · sell at horizon

5-year hold

• IRR: 31.0%
• Equity multiple: 3.40×
• Total profit: $222,095
• Equity at exit: $297,290

10-year hold

• IRR: 26.0%
• Equity multiple: 7.43×
• Total profit: $593,746
• Equity at exit: $641,117

Cash invested: $92,400 (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 33605

• Home prices YoY: 3.7%
• Rents YoY: 0.6%
• Active inventory: 187
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $4,474 high
• Mortgage (P&I): −$1,731
• Tax est. 1.5%: −$412 /mo · $4,950/yr
• Insurance: −$138
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$939
• Net cashflow: $827

Break-even live

Break-even rent $3,427

Max offer price $330,000

Occupancy floor 77%

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2204 Grant St Tampa, FL	3.0	3.0	1854	$2,995	$1.62	24d	1	0.38mi
2409 E 2nd Ave Tampa, FL	2.0	1.0–2.0	882	$3,549	$4.02	2d	23	0.50mi
2312 E 8th Ave Tampa, FL	3.0	2.0	1420	$2,500	$1.76	11d	1	0.84mi
1227 E Madison St #902 Tampa, FL	2.0	2.0	1590	$3,500	$2.20	24d	1	0.88mi
101 S 12th St #410 Tampa, FL	2.0	2.0	1631	$4,600	$2.82	21d	1	0.93mi
2312 E 10th Ave Tampa, FL	3.0	1.0	1520	$2,400	$1.58	17d	1	0.94mi
601 N 12th St Tampa, FL	2.0	1.0–2.0	954	$4,996	$5.24	2d	22	0.94mi
1212 E Whiting St Unit A Tampa, FL	2.0	2.0	1427	$6,500	$4.56	24d	1	0.94mi
1120 E Kennedy Blvd #1216 Tampa, FL	2.0	2.0	1599	$4,750	$2.97	24d	1	0.97mi
1190 E Washington St Tampa, FL	2.0	1.0–2.0	967	$3,346	$3.46	1d	11	0.98mi
1120 E Twiggs St Tampa, FL	1.0–3.0	1.0–2.0	1134	$3,455	$3.05	1d	29	0.99mi
101 N Meridian Ave Tampa, FL	2.0	1.0–2.5	935	$4,930	$5.27	1d	38	1.00mi
1209 E Cumberland Ave #2103 Tampa, FL	2.0	2.5	1338	$5,500	$4.11	17d	1	1.01mi
1209 E Cumberland Ave Tampa, FL	1.0–2.0	1.5–2.5	1317	$5,500	$4.17	21d	3	1.01mi
449 S 12th St Tampa, FL	2.0–3.0	2.5–3.0	1866	$7,200	$3.86	5d	4	1.02mi
2504 E 12th Ave Tampa, FL	3.0	2.0	1422	$2,500	$1.76	5d	1	1.04mi
727 Cruise View Dr Tampa, FL	3.0	2.0	1514	$5,000	$3.30	4d	1	1.14mi
970 E Scott Dr Unit 3 Tampa, FL	3.0	3.0	1384	$3,810	$2.75	24d	1	1.14mi
1011 E Cumberland Ave Tampa, FL	3.0	1.0–3.0	1043	$6,984	$6.69	2d	28	1.14mi
815 Water St Tampa, FL	1.0–3.0	1.0–3.5	1299	$12,948	$9.96	1d	39	1.18mi
1720 Nick Nuccio Pkwy Tampa, FL	3.0	1.0–3.0	955	$3,943	$4.13	24d	40	1.18mi
1050 Water St Tampa, FL	2.0	1.0–2.0	855	$5,864	$6.85	1d	43	1.20mi
1000 Water St #1201 Tampa, FL	2.0	2.5	2050	$16,000	$7.80	14d	1	1.20mi
1000 Water St #2202 Tampa, FL	2.0	2.5	1868	$16,000	$8.57	1d	1	1.22mi
2104 E Columbus Dr Tampa, FL	3.0	2.0	1231	$1,995	$1.62	24d	1	1.26mi
1808 E Columbus Dr #5 Tampa, FL	2.0	2.5	1620	$1,900	$1.17	2d	1	1.30mi
2708 N 19th St Tampa, FL	3.0	2.0	1680	$2,200	$1.31	16d	1	1.32mi
1149 Hank Ballard St Unit 3 Tampa, FL	3.0	2.0	1303	$3,505	$2.69	24d	1	1.34mi
2904 Banza St Tampa, FL	4.0	3.0	2031	$3,200	$1.58	24d	1	1.35mi
1150 Hank Ballard St Tampa, FL	1.0–3.0	1.0–2.0	1003	$3,925	$3.91	1d	70	1.36mi
500 Knights Run Ave Tampa, FL	2.0	1.0–2.0	942	$5,192	$5.51	1d	19	1.36mi
800 Harbour Post Dr Tampa, FL	3.0	1.0–2.0	1001	$4,555	$4.55	1d	27	1.37mi
450 Knights Run Ave Tampa, FL	2.0–4.0	3.0–5.5	3300	$15,550	$4.71	3d	2	1.39mi
450 Knights Run Ave #505 Tampa, FL	2.0	2.0	1242	$4,500	$3.62	21d	1	1.39mi
501 Knights Run Ave Tampa, FL	1.0–2.0	1.0–2.0	1014	$3,300	$3.25	5d	2	1.40mi
371 Channelside Walk Way Tampa, FL	2.0	2.0	1821	$4,800	$2.64	24d	1	1.40mi
921 N Central Ave Tampa, FL	2.0	1.0–2.5	977	$3,899	$3.99	1d	16	1.41mi
1218 E Kay St #8 Tampa, FL	3.0	3.5	2109	$5,000	$2.37	17d	1	1.41mi
301 Harbour Place Dr Tampa, FL	3.0	1.0–2.0	1108	$5,064	$4.57	3d	28	1.44mi
700 S Harbour Island Blvd Tampa, FL	1.0–2.0	1.0–2.0	1120	$3,950	$3.53	5d	5	1.48mi

Listing history 15 events

1. 2026-06-18
   days on market $330,000 Active 79 DOM
2. 2026-06-17
   days on market $330,000 Active 78 DOM
3. 2026-06-16
   days on market $330,000 Active 77 DOM
4. 2026-06-15
   days on market $330,000 Active 76 DOM
5. 2026-06-13
   days on market $330,000 Active 74 DOM
6. 2026-06-13
   pricedays on market $330,000 Active 73 DOM
7. 2026-06-09
   days on market $340,000 Active 70 DOM
8. 2026-06-08
   days on market $340,000 Active 69 DOM
9. 2026-06-07
   days on market $340,000 Active 68 DOM
10. 2026-06-04
    days on market $340,000 Active 65 DOM
11. 2026-06-03
    days on market $340,000 Active 64 DOM
12. 2026-06-02
    days on market $340,000 Active 63 DOM
13. 2026-06-01
    days on market $340,000 Active 62 DOM
14. 2026-05-31
    days on market $340,000 Active 61 DOM
15. 2026-03-31
    listed $350,000 Active 1917-char remark

    Show marketing remark (1917 chars)

    Step into the charm of this beautifully maintained 1908 bungalow—perfect for families who love to entertain. This spacious 1,830 sq ft home offers a versatile layout with two bedrooms, a bonus room, and a private in-law suite located at the rear of the property. The outdoor space is truly a standout feature, boasting a covered patio complete with an outdoor kitchen—ideal for hosting gatherings and family celebrations. A covered driveway provides ample parking for up to eight vehicles, a rare and valuable convenience. Inside, the main bathroom is thoughtfully designed with a walk-in shower, toilet, and bidet. The kitchen blends vintage charm with functionality, featuring an antique gas stove with a built-in griddle—perfect for making delicious breakfasts. Additional highlights include a side porch with extra storage and a shed, as well as a welcoming front porch—an inviting spot to relax and connect with neighbors. Ceramic tile flooring runs throughout the home, adding durability and easy maintenance. Located close to Desoto Waterfront Park, where residents can enjoy a variety of amenities including a fitness trail, community pool, playground, skateboard park, tennis courts, and basketball courts—all set along the beautiful waterfront. This home is centrally located 15 minutes to downtown/Channelside, The Florida Aquarium, Benchmark Arena, Ybor city and the Port of Tampa. It is also 20 minutes to Busch Gardens/Adventure Island and Tampa International airport with the Crosstown and I275 entrance off 22nd street. The beaches are only 35 minutes away as well. Work from home perfect for a hairdresser, accountant, catering or business with the detached in-law suite. The Pathway to Palmetto Project was just given a grant for 30 million to improve this neighborhood and waterfront community. Now is the time to buy in the neighborhood before the investors find out.

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $53,683
• − Mortgage interest: −$18,485
• − Property taxes: −$4,950
• − Insurance: −$6,769
• − Repairs & maintenance: −$4,295
• − Management: −$4,295
• − Depreciation: −$9,600
• Taxable income: $5,290
• Est. tax owed @ 24.0%: −$1,270
• After-tax cash flow: $8,655/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: Hillsborough
• NCES district ID: 1200870
• Math proficiency: 47% ▼ -8.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $50,622
• Composite: 41.6/100
• National rank: #3435
• State rank: #41 of 73 in FL

Livability — Tampa

• Score: 79/100
• State rank: #142
• US rank: #2135

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tampa, FL
• County: Hillsborough County · 1,540,968 people
• City population: 523,346
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 16,030
• Household income: $36,975
• Rent vs Own: 59.8% rent · 40.2% own
• Severe rent burden: 1374.0

Population outlook (Hillsborough County) Hauer SSP2

• Today (2025): 1,607,022 people
• By 2030: 1,733,968 · +7.9%
• By 2040: 1,979,565 · +23.2%
• By 2050: 2,203,427 · +37.1%
• By 2075: 2,667,893 · +66.0%
• By 2100: 2,891,558 · +79.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Black 48% Hispanic / Latino 28% Two or more races 18% White 17% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 8% Cuban 6% Dominican 1%
• Common ancestry: Hispanic 2% Romanian 1% Lithuanian 1%
• Foreign-born: 17% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 24% French/Haitian/Cajun 3% Other Asian/Pacific 1%

Political lean MEDSL · Hillsborough

• 2024 margin: Toss-up / Even · D 47.8% · R 50.9% · Other 1.3%
• 2008→2024 swing: -10.2pp toward R · 2008: 7.1pp · 2024: -3.1pp
• All cycles: 2024: R+3.1 2020: D+6.9 2016: D+6.8 2012: D+6.7 2008: D+7.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 17.43%
• Current HPI: 494.1871
• Rent YoY: ▲ 0.58%
• 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

1 event — show timeline

• 2026-03-31 Listed $350,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.4%/yr

Latest (2025): $367 · +5.0% YoY. Source: county tax records.