7402 N Central Ave · Tampa, FL 33604

$320,000

3 bd · 2.0 ba · 1,615 sqft · SingleFamily public records · 67 Days on market

Built 2007 7,035 sqft lot

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Why this score? — see what drove the D 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 +13.3/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• DSCR +4.0/10.0
• Livability +4.0/5.0
• 1% rule +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move in ready new construction bungalow style home now available in historic Seminole Heights! Large, open kitchen w/ breakfast bar, huge MBR with Jacuzzi tub and separate shower stall, custom entryway/ dining room, det. 2 car garage w/ opener and more!

Key facts

• Newer build
• Massive backyard
• Cozy fireplace

Tags

• HARDWOOD FLOORS
• COZY FIREPLACE
• MASSIVE BACKYARD
• DETACHED TWO-CAR GARAGE
• NEWER BUILD
• HISTORIC NEIGHBORHOODS

Property features AI

Finance

• Other: Property type: Residential (Single Family Residence); Zoning: SH-RS
• Financial info: No lease restrictions; Homestead exempt
• HOA & community: No HOA association indicated

Exterior

• Parking: 2-car garage
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single family residence; One story; Faces east
• Construction: Block construction; Shingle roof; Crawlspace foundation; Built on a 0.16 acre lot (approx. 50.25 x 140)
• Exterior features: Exterior lighting

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $-1 ($-12/yr) — negative.
• To cash-flow at today's rent, offer at most $320k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (23.2% below list).
• Recommended offer: $246k (23.2% below list) — sets the bar for 1% rule.

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: Cleveland Elementary School (math 42% / reading 27%, grade F, #1,709 of 2,144 statewide, top 81%, 199 students, 88% FRL); Adams Middle School (math 25% / reading 28%, grade F, #503 of 571 statewide, top 88%, 593 students, 78% FRL); Chamberlain High School (math 20% / reading 23%, grade F, #546 of 667 statewide, top 82%, 1,262 students, 72% FRL) — zoned schools average 79% FRL vs 52% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 28% at this address vs 48% district-wide (-21 pts) — the specific schools serving this property underperform the Hillsborough average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 372 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $2,458/mo this rent would consume 50% of the median local household income ($59k/yr) (locally 2581% 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 $2k of loan paydown is wiped out by about $10k 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 67 days — a 6% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
• 3 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 $217k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $245,792 (23.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.77% ✗
• Cap rate: 6.29%
• Cash-on-cash: -0.01%
• DSCR: 1.00
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.52% rent growth · sell at horizon

5-year hold

• IRR: -18.9%
• Equity multiple: 0.35×
• Total profit: $-58,031
• Equity at exit: $47,713

10-year hold

• IRR: -16.6%
• Equity multiple: 0.17×
• Total profit: $-74,505
• Equity at exit: $27,668

Cash invested: $89,600 (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 33604

• Home prices YoY: -31.3%
• Rents YoY: 0.5%
• Active inventory: 372
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,458 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$131 /mo · $1,576/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$516
• Net cashflow: $-1

Break-even live

Break-even rent $2,459

Max offer price $319,822

Occupancy floor 95%

Sensitivity live

Price	-10% $180	-5% $90	+0% $-1	+5% $-92	+10% $-182
Rent	-10% $-195	-5% $-98	+0% $-1	+5% $96	+10% $193
Rate	-1.0pp $160	-0.5pp $80	base $-1	+0.5pp $-84	+1.0pp $-168

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6915 N Central Ave Tampa, FL	3.0	2.0	1854	$3,295	$1.78	5d	1	0.22mi
7703 N Branch Ave Tampa, FL	3.0	2.0	1360	$1,899	$1.40	26d	1	0.23mi
806 E Hamilton Ave Tampa, FL	3.0	2.0	1528	$2,800	$1.83	16d	1	0.25mi
7309 N Dartmouth Ave Tampa, FL	3.0	2.0	1248	$2,041	$1.64	1d	1	0.37mi
209 W Kirby St Tampa, FL	4.0	2.0	2092	$2,250	$1.08	3d	1	0.39mi
7201 N Highland Ave Tampa, FL	2.0	1.0	1400	$2,350	$1.68	26d	1	0.39mi
6905 N Duncan Ave Unit A Tampa, FL	2.0	2.0	1214	$1,850	$1.52	25d	1	0.39mi
7218 N Highland Ave Tampa, FL	3.0	2.0	1448	$2,950	$2.04	6d	1	0.39mi
113 W Elm St Tampa, FL	3.0	2.0	1473	$3,400	$2.31	19d	1	0.45mi
112 W Stanley St Tampa, FL	3.0	2.0	1067	$2,500	$2.34	22d	1	0.45mi
900 E Sligh Ave Tampa, FL	2.0	1.0–2.0	888	$2,630	$2.96	1d	35	0.46mi
6906 N Lynn Ave Tampa, FL	3.0	2.0	1772	$2,695	$1.52	26d	1	0.49mi
411 W Flora St Tampa, FL	2.0	1.0	1400	$2,750	$1.96	23d	1	0.52mi
317 W Hanlon St Tampa, FL	3.0	2.5	1614	$3,000	$1.86	19d	1	0.52mi
317 W Hanlon St Tampa, FL	3.0	3.0	1614	$3,000	$1.86	6d	1	0.52mi
317 W Hanlon St Tampa, FL	3.0	2.5	1614	$3,000	$1.86	12d	1	0.52mi
1109 E Patterson St Tampa, FL	3.0	2.5	1653	$900	$0.54	14d	1	0.54mi
113 W Knollwood St Tampa, FL	3.0	2.0	1556	$1,850	$1.19	23d	1	0.56mi
6605 N Nebraska Ave #6 Tampa, FL	3.0	3.5	1962	$3,250	$1.66	26d	1	0.61mi
6605 N Nebraska Ave #10 Tampa, FL	3.0	3.5	2020	$3,500	$1.73	26d	1	0.61mi
809 W Hiawatha St Tampa, FL	3.0	2.0	1345	$2,600	$1.93	22d	1	0.77mi
8301 N Alaska St Tampa, FL	3.0	2.0	1356	$2,600	$1.92	5d	1	0.77mi
8105 N Klondyke St Tampa, FL	2.0	1.0	1440	$1,200	$0.83	23d	1	0.78mi
7204 N 15th St Tampa, FL	3.0	2.0	1317	$2,950	$2.24	19d	1	0.79mi
7810 N Marks St Tampa, FL	4.0	2.0	1675	$2,950	$1.76	26d	1	0.85mi
8215 N Klondyke St Unit B Tampa, FL	2.0	1.0	1352	$1,299	$0.96	26d	1	0.87mi
303 E Paris St Tampa, FL	2.0	2.0	1442	$2,200	$1.53	26d	1	0.88mi
8415 N 10th St Tampa, FL	3.0	2.0	1200	$1,836	$1.53	26d	1	0.88mi
1607 E Maple Ave Tampa, FL	3.0	2.0	1061	$1,500	$1.41	26d	1	0.89mi
1607 E Maple Ave Tampa, FL	3.0	2.0	1061	$1,500	$1.41	23d	1	0.89mi
8510 N Tampa St Unit B Tampa, FL	2.0	1.0	1620	$1,850	$1.14	26d	1	0.93mi
1702 E Mulberry Dr Tampa, FL	2.0	1.0	1568	$1,000	$0.64	26d	1	0.94mi
1317 E Diana St Unit 1384017P Tampa, FL	3.0	2.0	1065	$4,964	$4.66	0d	1	0.96mi
1208 E Hanna Ave Tampa, FL	4.0	2.0	1818	$2,400	$1.32	15d	1	0.98mi
325 W Jean St Tampa, FL	3.0	2.0	1200	$2,500	$2.08	26d	1	0.99mi
8404 N Mulberry St Tampa, FL	4.0	2.0	1404	$1,750	$1.25	1d	1	1.02mi
8416 N Brooks St Tampa, FL	3.0	2.0	1090	$1,900	$1.74	12d	1	1.02mi
1712 Escort Ave Tampa, FL	3.0	2.0	1430	$2,700	$1.89	26d	1	1.04mi
8305 N Marks St Unit A Tampa, FL	3.0	1.0	1715	$1,700	$0.99	16d	1	1.06mi
1503 E North St Tampa, FL	3.0	2.0	1584	$3,300	$2.08	26d	1	1.09mi

Listing history 12 events

1. 2026-05-11
   status Pending
2. 2026-03-07
   status Active
3. 2026-02-21
   status Pending
4. 2026-02-18
   listed $320,000 Active
5. 2007-09-15
   soldstatus $217,000 253-char remark

   Show marketing remark (253 chars)

   Move in ready new construction bungalow style home now available in historic Seminole Heights! Large, open kitchen w/ breakfast bar, huge MBR with Jacuzzi tub and separate shower stall, custom entryway/ dining room, det. 2 car garage w/ opener and more!

6. 2006-11-09
   listed $230,000 253-char remark

   Show marketing remark (253 chars)

   Move in ready new construction bungalow style home now available in historic Seminole Heights! Large, open kitchen w/ breakfast bar, huge MBR with Jacuzzi tub and separate shower stall, custom entryway/ dining room, det. 2 car garage w/ opener and more!

7. 2006-04-06
   soldstatus $180,000
8. 2003-01-15
   soldstatus $27,000
9. 2002-10-09
   soldstatus $50,000
10. 1988-10-01
    soldstatus $54,000
11. 1987-06-01
    soldstatus $25,000
12. 1970-01-01
    soldstatus $10,000

ⓘ 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: $1,576 · $131/mo
• Projected year-2 tax: $2,656 · $221/mo
• Expected delta: +$1,080/yr (+$90/mo · 68.5%)

ⓘ 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 · 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,495
• − Mortgage interest: −$17,925
• − Property taxes: −$1,576
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,360
• − Management: −$2,360
• − Depreciation: −$9,309
• Taxable loss: −$5,634
• Est. tax savings @ 24.0%: +$1,352
• After-tax cash flow: $1,340/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): 40,055
• Household income: $58,766
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 2581.0

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 0.69)
• Race & ethnicity: Hispanic / Latino 38% White 35% Two or more races 22% Black 21% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 11% Cuban 13% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 1%
• Foreign-born: 18% · Canada, Vietnam, Jamaica
• Languages at home: 66% English-only · Spanish 30% Vietnamese 1% French/Haitian/Cajun 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: ▼ -200.24%
• Current HPI: 439.7084
• Rent YoY: ▲ 0.52%
• 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

+3100.0% since first listed

12 events — show timeline

• 2026-05-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Listed $320,000 Stellar MLS as Distributed by MLS Grid
• 2007-09-15 Sold (MLS) $217,000 Stellar MLS as Distributed by MLS Grid
• 2006-11-09 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2006-04-06 Sold (Public Records) $180,000 Public Records
• 2003-01-15 Sold (Public Records) $27,000 Public Records
• 2002-10-09 Sold (Public Records) $50,000 Public Records
• 1988-10-01 Sold (Public Records) $54,000 Public Records
• 1987-06-01 Sold (Public Records) $25,000 Public Records
• 1970-01-01 Sold (Public Records) $10,000 Public Records

Property tax history

+0.4%/yr

Latest (2025): $1,576 · +8.6% YoY. Source: county tax records.