3308 E Frierson Ave · Tampa, FL 33610

$170,000

3 bd · 1.0 ba · 1,512 sqft · SingleFamily public records · 77 Days on market

Built 1973 10,605 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 +28.7/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.3/5.0
• Appreciation +0.0/10.0

Listing remarks

* Back On Market After Buyer's Financing Fell Through! Owner has completed a lengthy review process with the city to file new permits and clear previous code violations. City approved plans to convert to a 3 bed, 2.5 bath, in compliance with all city codes. Property to be delivered free and clear of all liens and violations. Fixer upper. All that is left is to come in and complete the job. * Rare Fixer Gem with Approved Plans, Permits, and Massive Potential! The owner’s retirement presents a unique opportunity to breathe new life into this concrete block home with great bones, at an unbeatable price for the area. So what makes this flip so special? 1) New roof installed in 2022 with

Key facts

• Approved plans
• Large private lot
• Permits

Tags

• APPROVED PLANS
• PERMITS
• NEW ROOF
• INTERIOR FULLY GUTTED
• CONCRETE BLOCK CONSTRUCTION
• LARGE PRIVATE LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $567 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $160k (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: 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.
• Zoned schools: James Elementary School (math 16% / reading 19%, grade F, #2,117 of 2,144 statewide, top 99%, 386 students, 90% FRL); Mclane Middle School (math 20% / reading 20%, grade F, #558 of 571 statewide, top 98%, 817 students, 74% FRL); Middleton High School (math 23% / reading 51%, grade F, #340 of 667 statewide, top 52%, 1,511 students, 57% FRL) — zoned schools average 74% FRL vs 52% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 25% at this address vs 48% district-wide (-24 pts) — the specific schools serving this property underperform the Hillsborough average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-4.7%/yr); 282 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• At $2,295/mo this rent would consume 51% of the median local household income ($54k/yr) (locally 2431% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• Hillsborough County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 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 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.35% ✓
• Cap rate: 10.30%
• Cash-on-cash: 14.31%
• DSCR: 1.64
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 1.1%
• Equity multiple: 1.04×
• Total profit: $1,949
• Equity at exit: $25,348

10-year hold

• IRR: 7.3%
• Equity multiple: 1.47×
• Total profit: $22,566
• Equity at exit: $14,698

Cash invested: $47,600 (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 33610

• Home prices YoY: -27.0%
• Rents YoY: -4.7%
• Active inventory: 282
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,295 high
• Mortgage (P&I): −$891
• Tax from tax record: −$283 /mo · $3,394/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$482
• Net cashflow: $567

Break-even live

Break-even rent $1,576

Max offer price $170,000

Occupancy floor 70%

Sensitivity live

Price	-10% $664	-5% $616	+0% $567	+5% $519	+10% $471
Rent	-10% $386	-5% $477	+0% $567	+5% $658	+10% $749
Rate	-1.0pp $653	-0.5pp $611	base $567	+0.5pp $523	+1.0pp $479

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3205 E Shadowlawn Ave Tampa, FL	4.0	2.0	1293	$2,550	$1.97	1d	1	0.11mi
3001 E McBerry St Tampa, FL	3.0	2.0	1118	$1,945	$1.74	6d	1	0.25mi
3022 Deleuil Ave Tampa, FL	3.0	2.0	1053	$1,850	$1.76	21d	1	0.27mi
3706 E Shadowlawn Ave Tampa, FL	3.0	1.0	1080	$1,950	$1.81	11d	1	0.33mi
3413 E Louisiana Ave #2 Tampa, FL	3.0	2.5	1489	$2,500	$1.68	26d	1	0.38mi
5203 N 39th St Tampa, FL	4.0	2.0	1600	$2,145	$1.34	0d	1	0.44mi
3624 E Osborne Ave Tampa, FL	4.0	2.0	1963	$2,400	$1.22	26d	1	0.49mi
3409 E Paris St Tampa, FL	4.0	2.0	1375	$2,400	$1.75	26d	1	0.52mi
3016 E Palifox St Unit NA Tampa, FL	4.0	2.0	2002	$2,200	$1.10	26d	1	0.54mi
3111 E Cayuga St Tampa, FL	4.0	2.0	1315	$2,250	$1.71	26d	1	0.61mi
3212 E Emma St Tampa, FL	4.0	2.0	1332	$2,300	$1.73	5d	1	0.62mi
2615 E Curtis St Tampa, FL	3.0	2.0	1572	$1,850	$1.18	22d	1	0.64mi
4303 N 30th St Tampa, FL	3.0	2.0	1260	$3,200	$2.54	3d	1	0.74mi
3624 E Fern St Tampa, FL	4.0	2.0	1235	$2,690	$2.18	26d	1	0.74mi
4501 N 39th St Tampa, FL	4.0	1.0	1072	$1,595	$1.49	23d	1	0.74mi
3411 E Lambright St Tampa, FL	3.0	1.5	1134	$1,950	$1.72	23d	1	0.76mi
3002 E 38th Ave Tampa, FL	3.0	2.0	1413	$2,600	$1.84	26d	1	0.79mi
2224 E Hanna Ave Tampa, FL	3.0	2.0	1630	$2,166	$1.33	1d	1	0.84mi
2016 E Clifton St Unit A Tampa, FL	3.0	2.0	1250	$2,249	$1.80	26d	1	0.86mi
2007 E Henry Ave Tampa, FL	2.0	2.0	1278	$2,250	$1.76	26d	1	0.86mi
3724 E 38th Ave Tampa, FL	3.0	2.0	1188	$1,895	$1.60	26d	1	0.87mi
6503 N 22nd St Tampa, FL	3.0	2.0	1518	$2,950	$1.94	26d	1	1.05mi
4007 E Pocahontas Ave Tampa, FL	3.0	1.0	1100	$2,100	$1.91	26d	1	1.08mi
3716 N 31st St Tampa, FL	3.0	2.0	1200	$1,895	$1.58	6d	1	1.08mi
1711 E New Orleans Ave Tampa, FL	3.0	2.0	1136	$2,250	$1.98	22d	1	1.09mi
2607 Lindell Ave Tampa, FL	4.0	2.0	1448	$2,395	$1.65	4d	1	1.13mi
1610 E Powhatan Ave Tampa, FL	3.0	2.0	1188	$3,250	$2.74	26d	1	1.14mi
1608 E New Orleans Ave Tampa, FL	4.0	2.0	1254	$1,895	$1.51	16d	1	1.15mi
1517 E Ellicott St Tampa, FL	3.0	2.0	1292	$2,225	$1.72	18d	1	1.16mi
3011 E Flora St Tampa, FL	4.0	2.0	1852	$2,200	$1.19	26d	1	1.17mi
1505 E Comanche Ave Tampa, FL	3.0	2.5	1750	$2,849	$1.63	0d	2	1.19mi
4483 Cambio Gardens Ct Tampa, FL	3.0	3.0	1700	$1,282	$0.75	1d	1	1.21mi
2610 E Lake Ave Tampa, FL	3.0	2.0	1698	$2,250	$1.33	4d	1	1.24mi
1501 E Palifox St Tampa, FL	3.0	2.0	1248	$1,750	$1.40	15d	1	1.31mi
1714 SE Lambright St Tampa, FL	3.0	2.5	1620	$3,000	$1.85	12d	1	1.31mi
4102 Oak Knoll Ct Tampa, FL	1.0–3.0	1.0–2.0	912	$1,650	$1.81	4d	56	1.31mi
4102 Oak Knoll Ct Tampa, FL	3.0	2.0	1134	$1,550	$1.37	26d	1	1.31mi
1705 NE Lambright St Tampa, FL	3.0	2.0	1216	$2,211	$1.82	1d	1	1.35mi
4403 N 48th St Tampa, FL	4.0	2.0	1387	$2,500	$1.80	26d	1	1.36mi
3107 Chipco St Tampa, FL	3.0	1.0	1268	$1,799	$1.42	26d	1	1.36mi

Listing history 5 events

1. 2026-01-21
   status Pending
2. 2025-11-18
   status Active
3. 2025-11-18
   price $170,000
4. 2025-05-22
   status Pending
5. 2025-05-09
   listed $168,000 Active

ⓘ 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: $3,394 · $283/mo
• Projected year-2 tax: $3,394 · $283/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 ≥109°F today · 27 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: $27,534
• − Mortgage interest: −$9,523
• − Property taxes: −$3,394
• − Insurance: −$850
• − Repairs & maintenance: −$2,203
• − Management: −$2,203
• − Depreciation: −$4,945
• Taxable income: $4,416
• Est. tax owed @ 24.0%: −$1,060
• After-tax cash flow: $5,750/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): 46,587
• Household income: $54,209
• Rent vs Own: 48.4% rent · 51.6% own
• Severe rent burden: 2431.0

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 0.62)
• Race & ethnicity: Black 55% Hispanic / Latino 22% White 17% Two or more races 13% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 7% Cuban 6%
• Common ancestry: Hispanic 2% Romanian 1% Slovak 1%
• Foreign-born: 18% · Canada
• Languages at home: 75% English-only · Spanish 18% 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: ▼ -158.81%
• Current HPI: 428.9741
• Rent YoY: ▼ -4.72%
• 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

+1.2% since first listed

5 events — show timeline

• 2026-01-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-11-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-18 Price Changed $170,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-09 Listed $168,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+11.8%/yr

Latest (2025): $3,394 · +14.3% YoY. Source: county tax records.