5112 E 122nd Ave · Temple Terrace, FL 33617

$350,000

3 bd · 2.0 ba · 2,412 sqft · SingleFamily public records · 1 Days on market

Built 1965 0.44 ac lot

---

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 +14.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Great 5 bedroom 2 bath house with pool that sits on close to 1/2 acre in Temple Terrace! This house needs some updating and tlc but is priced very well for the condition.

Key facts

• 0.44 acre lot
• Garage
• Pool

Property features AI

Finance

• Other: Lot size about 0.44 acre (approximately 1/4 to less than 1/2 acre); Building area reported at 2,968 total (2,412 living area); Zoned R-9; Unfurnished; No CDD; No association approval required

Exterior

• Parking: Attached garage with 1 garage space
• Utilities: Well water; Septic tank; Cable available; Electricity available
• Home design: Single family residence; Multi/split levels; Faces south; Property listed as fixer
• Construction: Block and other construction materials; Shingle roof; Slab foundation; Built using residential construction methods
• Exterior features: Private gunite pool; Paved road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 5 bedrooms
• Flooring: Ceramic tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central 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 $350k.

Deal economics

• At list price, monthly cash flow is $66 ($798/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $278k (20.5% below list).
• Recommended offer: $278k (20.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#123 in FL, #1,870 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, cost of living A-; Watch: crime D+, amenities F.
• 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: Pizzo K-8 School (math 25% / reading 23%, grade F, #2,057 of 2,144 statewide, top 96%, 902 students, 71% FRL); Greco Middle Magnet School (math 23% / reading 23%, grade F, #542 of 571 statewide, top 95%, 700 students, 77% FRL); King High School (math 25% / reading 46%, grade F, #367 of 667 statewide, top 57%, 1,422 students, 62% FRL) — zoned schools average 70% FRL vs 52% district-wide (18 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 soft (-0.3%/yr); 285 active listings in the ZIP; 18 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 $2,783/mo this rent would consume 66% of the median local household income ($51k/yr) (locally 3295% 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $154k; list at $350k implies a 127% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $278,290 (20.5% below list)

Questions for the listing agent

1. Built in 1965 — 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. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.80% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.81%
• DSCR: 1.04
• GRM: 10.5

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: -18.1%
• Equity multiple: 0.38×
• Total profit: $-60,770
• Equity at exit: $52,186

10-year hold

• IRR: -16.6%
• Equity multiple: 0.19×
• Total profit: $-79,528
• Equity at exit: $30,262

Cash invested: $98,000 (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 33617

• Rents YoY: -0.3%
• Active inventory: 285
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,783 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$151 /mo · $1,809/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$584
• Net cashflow: $66

Break-even live

Break-even rent $2,699

Max offer price $350,000

Occupancy floor 93%

Sensitivity live

Price	-10% $265	-5% $166	+0% $66	+5% $-33	+10% $-132
Rent	-10% $-153	-5% $-43	+0% $66	+5% $176	+10% $286
Rate	-1.0pp $243	-0.5pp $156	base $66	+0.5pp $-24	+1.0pp $-116

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5116 E 122nd Ave Temple Terrace, FL	4.0	3.0	2500	$2,990	$1.20	26d	1	0.06mi
5001 Sunridge Palms Dr Tampa, FL	3.0	3.5	2075	$2,590	$1.25	19d	1	0.17mi
5028 Sunridge Palms Dr Tampa, FL	3.0	4.0	1844	$2,250	$1.22	26d	1	0.20mi
12802 N 53rd St Temple Terrace, FL	4.0	3.0	2331	$4,500	$1.93	16d	1	0.34mi
5709 Las Ventanas Dr Tampa, FL	3.0–4.0	3.5	1550	$1,995	$1.29	6d	4	0.42mi
6066 Gibson Ave Tampa, FL	4.0	4.0	1778	$2,145	$1.21	1d	1	0.62mi
6066 Gibson Ave Tampa, FL	4.0	4.0	1778	$2,145	$1.21	26d	1	0.62mi
6064 Gibson Ave Tampa, FL	3.0	3.5	1423	$1,724	$1.21	1d	6	0.62mi
6054 Gibson Ave Tampa, FL	3.0	3.5	1780	$1,875	$1.05	26d	1	0.63mi
6010 Soaring Ave Unit 1053149P Tampa, FL	4.0	3.0	2454	$6,407	$2.61	0d	1	0.70mi
5008 E Liberty St Tampa, FL	3.0	2.5	1935	$3,000	$1.55	19d	1	0.75mi
6204 Tanager Pl Temple Terrace, FL	4.0	3.0	2531	$3,500	$1.38	26d	1	0.94mi
10410 N Ojus Dr Tampa, FL	4.0	2.0	1637	$2,200	$1.34	26d	1	1.14mi
6121 Whiteway Dr Temple Terrace, FL	4.0	2.0	2176	$2,895	$1.33	23d	1	1.18mi
13701 Lazy Oak Dr Tampa, FL	3.0	2.0	1700	$2,600	$1.53	26d	1	1.26mi
518 Crestover Dr Temple Terrace, FL	4.0	3.0	2078	$3,500	$1.68	4d	1	1.30mi
10420 McKinley Dr Tampa, FL	1.0–3.0	1.0–2.5	1347	$3,598	$2.67	0d	93	1.49mi
4729 E 98th Ave Tampa, FL	3.0	2.0	1968	$2,995	$1.52	26d	1	1.50mi

Listing history 2 events

1. 2026-06-18
   remarks 170-char remark
2. 2026-06-18
   listed $350,000 Active 1 DOM

ⓘ 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: $1,809 · $151/mo
• Projected year-2 tax: $2,905 · $242/mo
• Expected delta: +$1,096/yr (+$91/mo · 60.6%)

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,395
• − Mortgage interest: −$19,605
• − Property taxes: −$1,809
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,672
• − Management: −$2,672
• − Depreciation: −$10,182
• Taxable loss: −$5,294
• Est. tax savings @ 24.0%: +$1,271
• After-tax cash flow: $2,069/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 — Temple Terrace

• Score: 80/100
• State rank: #123
• US rank: #1870

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Temple Terrace, FL
• County: Hillsborough County · 1,540,968 people
• City population: 65,509
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 47,851
• Household income: $50,948
• Rent vs Own: 56.8% rent · 43.2% own
• Severe rent burden: 3295.0

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: Highly diverse neighborhood (Simpson 0.71)
• Race & ethnicity: Black 36% White 33% Hispanic / Latino 23% Two or more races 14% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7% Cuban 4% Dominican 2%
• Common ancestry: Hispanic 3% Lithuanian 1% Romanian 1%
• Foreign-born: 17% · Canada, Vietnam, Jamaica
• Languages at home: 74% English-only · Spanish 15% Arabic 3% French/Haitian/Cajun 3%

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: ▼ -243.20%
• Current HPI: 352.4572
• Rent YoY: ▼ -0.33%
• 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

+127.3% since first listed

2 events — show timeline

• 2026-06-17 Listed $350,000 Stellar MLS as Distributed by MLS Grid
• 2001-08-03 Sold (Public Records) $154,000 Public Records

Property tax history

+2.2%/yr

Latest (2025): $1,809 · +9.3% YoY. Source: county tax records.