843 Walker Dr #17 · University, FL 33613

$44,900

2 bd · 2.0 ba · 896 sqft · Manufactured · 201 Days on market

Built 2025 Poor condition

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.2/5.0
• Rent growth +2.3/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

Key facts

• Clubhouse
• Swimming pool
• Billiards room

Tags

• CLUBHOUSE
• BILLIARDS ROOM
• SWIMMING POOL
• ONSITE COMMUNITY MANAGEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $45k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $825 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 28.3% vs local median 3.9% in University — 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 85/100 on livability (#28 in FL, #603 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+.
• 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 soft (-0.7%/yr); 108 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); lower-income renter base — watch delinquency; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• This rent runs 39% of the median local income ($44k/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 $310 of loan paydown is wiped out by about $1k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 201 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 152% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

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 $39,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 201 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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: 3.20% ✓
• Cap rate: 28.33%
• Cash-on-cash: 78.72%
• DSCR: 4.50
• GRM: 2.6

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: 75.4%
• Equity multiple: 4.27×
• Total profit: $41,060
• Equity at exit: $6,695

10-year hold

• IRR: 78.3%
• Equity multiple: 7.94×
• Total profit: $87,205
• Equity at exit: $3,882

Cash invested: $12,572 (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 33613

• Rents YoY: -0.7%
• Active inventory: 108
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,437 high
• Mortgage (P&I): −$235
• Tax est. 1.5%: −$56 /mo · $674/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $825

Break-even live

Break-even rent $393

Max offer price $44,900

Occupancy floor 38%

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14600 N Nebraska Ave Tampa, FL	1.0	1.0	575	$1,150	$2.00	5d	1	0.16mi
14600 N Nebraska Ave Tampa, FL	1.0	1.0	575	$1,250	$2.17	24d	1	0.16mi
14524 N Nebraska Ave Tampa, FL	2.0	2.0	1008	$1,640	$1.63	24d	1	0.21mi
14524 N Nebraska Ave Unit 204A Tampa, FL	2.0	2.0	1008	$1,650	$1.64	24d	1	0.21mi
14912 Pinecrest Rd Tampa, FL	3.0	1.0	850	$1,750	$2.06	4d	1	0.31mi
14350 Ambrosia St Tampa, FL	1.0–2.0	1.0–2.0	993	$2,385	$2.40	2d	16	0.35mi
202 Windwood Oaks Dr Tampa, FL	2.0	1.0–2.0	712	$1,762	$2.47	2d	9	0.48mi
1250 Skipper Rd Tampa, FL	1.0–2.0	1.0	650	$1,299	$2.00	24d	1	0.51mi
1112 E 142nd Ave Tampa, FL	3.0	2.0	1120	$1,675	$1.50	24d	2	0.52mi
13944 Sandy Hill Loop Tampa, FL	1.0–2.0	1.0–2.0	755	$1,500	$1.99	2d	5	0.61mi
1500 Jo Ann Ct Tampa, FL	1.0	1.0	575	$1,150	$2.00	24d	1	0.83mi
1501 E 142nd Ave Apt 102 Tampa, FL	1.0	1.0	630	$900	$1.43	16d	1	0.84mi
14001 N 15th St Unit 202 Tampa, FL	1.0	1.0	630	$900	$1.43	24d	1	0.84mi
14003 N 15th St Unit 101 Tampa, FL	1.0	1.0	630	$900	$1.43	24d	1	0.85mi
1503 E 142nd Ave Tampa, FL	1.0	1.0	630	$900	$1.43	24d	1	0.85mi
1503 E 142nd Ave Tampa, FL	1.0	1.0	630	$900	$1.43	4d	1	0.85mi
1503 E 142nd Ave Tampa, FL	2.0	1.0	900	$1,375	$1.53	13d	1	0.85mi
1503 E 142nd Ave Unit 201 Tampa, FL	2.0	1.0	900	$1,375	$1.53	16d	1	0.85mi
1302 Cooperstown Ct Tampa, FL	1.0–2.0	1.0–2.0	859	$1,575	$1.83	2d	10	0.85mi
1504 E 140th Ave Tampa, FL	1.0	1.0	630	$900	$1.43	24d	1	0.85mi
1504 E 140th Ave Tampa, FL	1.0	1.0	630	$900	$1.43	11d	1	0.85mi
14004 San Casa Pl Unit 202 Tampa, FL	1.0	1.0	630	$900	$1.43	24d	1	0.86mi
14003 San Casa Pl Unit 202 Tampa, FL	1.0	1.0	630	$900	$1.43	24d	1	0.88mi
14001 San Casa Pl Unit 101 Tampa, FL	1.0	1.0	630	$900	$1.43	24d	1	0.89mi
13725 Susan Kay Dr Tampa, FL	1.0	1.0	700	$1,025	$1.46	24d	1	0.93mi
13725 Susan Kay Dr Unit DRIVE35-C Tampa, FL	2.0	2.0	900	$1,475	$1.64	24d	1	0.93mi
13725 Susan Kay Dr Unit DRIVE19-B Tampa, FL	2.0	1.5	850	$1,400	$1.65	24d	1	0.93mi
13725 Susan Kay Dr Unit DRIVE41-B Tampa, FL	2.0	1.0	825	$1,375	$1.67	24d	1	0.93mi
13725 Susan Kay Dr Unit DRIVE31-A Tampa, FL	1.0	1.0	700	$1,025	$1.46	22d	1	0.93mi
13725 Susan Kay Dr Tampa, FL	1.0	1.0	700	$1,025	$1.46	11d	1	0.93mi
1810 E 143rd Ave Unit 2 Tampa, FL	3.0	1.0	730	$1,345	$1.84	24d	1	0.94mi
1808 E 143rd Ave Unit 2 Tampa, FL	3.0	2.0	865	$1,850	$2.14	14d	1	0.96mi
13533 Gragston Cir Tampa, FL	1.0–2.0	1.0	662	$1,275	$1.92	5d	6	1.00mi
13617 Fletcher Regency Dr Tampa, FL	1.0–2.0	1.0–2.0	725	$1,525	$2.10	24d	6	1.02mi
13911 N 19th St Tampa, FL	1.0–2.0	1.0	757	$1,700	$2.24	14d	8	1.07mi
13710 N 19th St Tampa, FL	1.0–2.0	1.0	600	$1,500	$2.50	5d	13	1.13mi
14609 Banyan Bluff Dr Tampa, FL	1.0–2.0	1.0–2.0	868	$1,749	$2.01	2d	16	1.17mi
13234 Bunn Cir Unit G55 Tampa, FL	2.0	1.0	900	$1,600	$1.78	24d	1	1.20mi
13238 Bunn Cir Unit G47 Tampa, FL	1.0	1.0	615	$1,400	$2.28	24d	1	1.20mi
13215 Bunn Cir Unit G29 Tampa, FL	1.0	1.0	615	$1,400	$2.28	24d	1	1.21mi

Listing history 21 events

1. 2026-06-18
   days on market $44,900 Active 201 DOM
2. 2026-06-17
   days on market $44,900 Active 200 DOM
3. 2026-06-16
   days on market $44,900 Active 199 DOM
4. 2026-06-15
   days on market $44,900 Active 198 DOM
5. 2026-06-13
   days on market $44,900 Active 196 DOM
6. 2026-06-13
   days on market $44,900 Active 195 DOM
7. 2026-06-09
   days on market $44,900 Active 192 DOM
8. 2026-06-08
   days on market $44,900 Active 191 DOM
9. 2026-06-07
   days on market $44,900 Active 190 DOM
10. 2026-06-04
    days on market $44,900 Active 187 DOM
11. 2026-06-03
    days on market $44,900 Active 186 DOM
12. 2026-06-02
    days on market $44,900 Active 185 DOM
13. 2026-06-01
    pricedays on market $44,900 Active 184 DOM
14. 2026-05-31
    days on market $44,400 Active 183 DOM
15. 2026-04-29
    price $44,400 528-char remark

    Show marketing remark (528 chars)

    Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

16. 2026-03-26
    price $48,600 528-char remark

    Show marketing remark (528 chars)

    Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

17. 2026-02-01
    price $53,600 528-char remark

    Show marketing remark (528 chars)

    Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

18. 2026-01-07
    status Active 528-char remark

    Show marketing remark (528 chars)

    Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

19. 2026-01-07
    price $54,100 528-char remark

    Show marketing remark (528 chars)

    Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

20. 2025-06-23
    historical 528-char remark

    Show marketing remark (528 chars)

    Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

21. 2025-05-15
    listed $17,800 Active 528-char remark

    Show marketing remark (528 chars)

    Chalet Village is an active and exciting 55+ Senior Community. Welcome to your brand new spacious home with 2 bedrooms and 2 bathrooms. With its premium entry doors, custom cabinets, and wood style floors, you will be excited to have a space like this to call home. Enjoy the variety of amenities our community has to offer such as a library, community events, a clubhouse, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

ⓘ 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 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 · 25 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: $17,240
• − Mortgage interest: −$2,515
• − Property taxes: −$674
• − Insurance: −$224
• − Repairs & maintenance: −$1,379
• − Management: −$1,379
• − Depreciation: −$1,306
• Taxable income: $9,762
• Est. tax owed @ 24.0%: −$2,343
• After-tax cash flow: $7,553/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.

Condition & rehab AI · 0 photos

Poor 20/100 Extensive rehab

This manufactured home requires extensive repairs and updates to bring it up to a livable condition. Significant investment is needed to address the poor condition of the kitchen, bathrooms, flooring, and other systems.

Repairs flagged

• Major Kitchen cabinetry — The cabinets are visibly worn and need replacement.
• Major Bathroom fixtures — The fixtures are damaged and need to be replaced.
• Major Flooring — The carpet is worn and should be replaced.
• Major Paint — The interior walls show significant paint wear and need repainting.
• Major Roof — The roof appears damaged and needs repair or replacement.
• Major Exterior siding — The siding is peeling and needs repainting or replacement.
• Major Windows — The windows are worn and may need replacement or caulking.
• Major HVAC system — The HVAC system appears old and may need replacement or repair.

Value-add opportunities

• Resale New kitchen cabinetry and countertops — Updating the kitchen will significantly improve the home's appeal and functionality.
• Resale New bathroom fixtures — Replacing old fixtures will enhance the home's aesthetic and functionality.
• Resale New flooring — Replacing worn-out flooring will improve the home's appearance and comfort.
• Resale Repainting interior walls — Repainting will refresh the interior and make the home more appealing.
• Resale Roof repair or replacement — A new roof will improve the home's structural integrity and appearance.
• Resale Exterior siding repair or replacement — A new exterior will enhance the home's curb appeal and value.
• Resale Window replacement or caulking — New windows will improve energy efficiency and the home's overall appearance.
• Resale HVAC system replacement — A new HVAC system will improve comfort and energy efficiency.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinetry · The cabinets are visibly worn and need replacement.	Major	$15,000–50,000
Bathroom fixtures · The fixtures are damaged and need to be replaced.	Major	$15,000–50,000
Flooring · The carpet is worn and should be replaced.	Major	$15,000–50,000
Paint · The interior walls show significant paint wear and need repainting.	Major	$15,000–50,000
Roof · The roof appears damaged and needs repair or replacement.	Major	$15,000–50,000
Exterior siding · The siding is peeling and needs repainting or replacement.	Major	$15,000–50,000
Windows · The windows are worn and may need replacement or caulking.	Major	$15,000–50,000
HVAC system · The HVAC system appears old and may need replacement or repair.	Major	$15,000–50,000
Total estimated repair cost · 8 items		$120,000–400,000

Value-add ROI direction

• Resale New kitchen cabinetry and countertops — Updating the kitchen will significantly improve the home's appeal and functionality. ↑
• Resale New bathroom fixtures — Replacing old fixtures will enhance the home's aesthetic and functionality. ↑
• Resale New flooring — Replacing worn-out flooring will improve the home's appearance and comfort. ↑
• Resale Repainting interior walls — Repainting will refresh the interior and make the home more appealing. ↑
• Resale Roof repair or replacement — A new roof will improve the home's structural integrity and appearance. ↑
• Resale Exterior siding repair or replacement — A new exterior will enhance the home's curb appeal and value. ↑
• Resale Window replacement or caulking — New windows will improve energy efficiency and the home's overall appearance. ↑
• Resale HVAC system replacement — A new HVAC system will improve comfort and energy efficiency. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — University

• Score: 85/100
• State rank: #28
• US rank: #603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: University, FL
• County: Hillsborough County · 1,540,968 people
• City population: 41,570
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 37,591
• Household income: $44,032
• Rent vs Own: 68.1% rent · 31.9% own
• Severe rent burden: 4426.0

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: White 39% Hispanic / Latino 35% Black 18% Two or more races 16% Asian 5% Native American 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 9% Cuban 6% Dominican 2%
• Common ancestry: Hispanic 2% Lithuanian 1% Slovak 1%
• Foreign-born: 24% · Canada, China, Jamaica
• Languages at home: 62% English-only · Spanish 28% French/Haitian/Cajun 3% Other Indo-European 2%

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: ▼ -329.59%
• Current HPI: 367.4057
• Rent YoY: ▼ -0.69%
• 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

+149.4% since first listed

7 events — show timeline

• 2026-04-29 Price Changed $44,400 Zillow
• 2026-03-26 Price Changed $48,600 Zillow
• 2026-02-01 Price Changed $53,600 Zillow
• 2026-01-07 Price Changed $54,100 Zillow
• 2026-01-07 Relisted — Zillow
• 2025-06-23 Delisted — Zillow
• 2025-05-15 Listed $17,800 Zillow