5120 Temple Heights Rd Unit D · Tampa, FL 33617

$119,000

2 bd · 2.0 ba · 870 sqft · Condo public records · 76 Days on market

Built 1983 $294/mo HOA · 19% of rent

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Why this score? — see what drove the C- 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 +18.3/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tampa 2-bedroom, 1.5-bath condo located in the desirable Washington Square Townhome Condominium community. This unit offers great potential and just needs a little TLC to make it your own. With some updates, it can be ready for rental income or owner occupancy in a short time. The home features a functional layout, all major appliances, and a private fenced patio—perfect for relaxing or entertaining. Add your personal touches and create the ideal space to fit your needs. Conveniently located just minutes from USF, shopping, dining, and major roadways, this property is perfect for investors or first-time buyers. Schedule your showing today and take advantage of this opportunity.

Key facts

• Private fenced patio
• Major appliances
• Minutes from usf

Tags

• PRIVATE FENCED PATIO
• FUNCTIONAL LAYOUT
• MAJOR APPLIANCES
• MINUTES FROM USF
• SHOPPING DINING MAJOR ROADWAYS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $119k.

Deal economics

• At list price, monthly cash flow is $108 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $112k (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 soft (-0.3%/yr); 282 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• This rent runs 37% of the median local income ($51k/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 $823 of loan paydown is wiped out by about $4k 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 76 days — a 6% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,860 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 7.39%
• Cash-on-cash: 3.90%
• DSCR: 1.17
• GRM: 6.3

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: -14.6%
• Equity multiple: 0.50×
• Total profit: $-16,756
• Equity at exit: $17,743

10-year hold

• IRR: -14.4%
• Equity multiple: 0.32×
• Total profit: $-22,578
• Equity at exit: $10,289

Cash invested: $33,320 (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: 282
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,566 high
• Mortgage (P&I): −$624
• Tax from tax record: −$161 /mo · $1,936/yr
• Insurance: −$50
• HOA: −$294
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $108

Break-even live

Break-even rent $1,429

Max offer price $119,000

Occupancy floor 88%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5122 Temple Heights Rd Unit D Tampa, FL	2.0	1.5	870	$1,295	$1.49	21d	1	0.02mi
5116 Temple Heights Rd Unit A Tampa, FL	2.0	1.5	870	$1,350	$1.55	24d	1	0.03mi
5112 Temple Heights Rd Tampa, FL	2.0	1.5	875	$1,462	$1.67	2d	1	0.06mi
9805 N Myrtle St Tampa, FL	3.0	1.0	999	$1,900	$1.90	17d	1	0.11mi
5039 Chalet Ct Tampa, FL	1.0–3.0	1.0–2.0	1187	$1,652	$1.39	2d	13	0.25mi
4909 E Temple Heights Rd Tampa, FL	2.0	1.0	850	$1,299	$1.53	16d	1	0.26mi
4909 E Temple Heights Rd Tampa, FL	2.0	1.0	812	$1,099	$1.35	4d	1	0.26mi
9420 N 50th St Apt A Tampa, FL	2.0	1.0	850	$1,550	$1.82	4d	1	0.30mi
10307 Councils Way Temple Terrace, FL	3.0	2.0	1125	$1,800	$1.60	16d	1	0.41mi
8733 N 50th St Tampa, FL	1.0	1.0	900	$1,500	$1.67	24d	1	0.43mi
8740 Grove Ter Tampa, FL	2.0	1.0–2.0	1125	$1,350	$1.20	24d	10	0.44mi
8731 N 50th St Tampa, FL	2.0	1.0	812	$1,675	$2.06	16d	1	0.44mi
8731 N 50th St Tampa, FL	2.0	1.0–1.5	936	$1,648	$1.76	3d	2	0.44mi
8731 N 50th St Unit A Tampa, FL	2.0	1.0	812	$1,675	$2.06	14d	1	0.44mi
8731 N 50th St Tampa, FL	2.0	1.5	1060	$1,695	$1.60	14d	1	0.44mi
8731 N 50th St Unit H Tampa, FL	2.0	1.5	1060	$1,775	$1.67	14d	1	0.44mi
8729 N 50th St Unit H Tampa, FL	2.0	1.5	1060	$1,695	$1.60	14d	1	0.47mi
8729 N 50th St Unit A Tampa, FL	2.0	1.0	812	$1,600	$1.97	14d	1	0.47mi
4939 E Busch Blvd Tampa, FL	1.0–2.0	1.0–2.0	768	$1,699	$2.21	16d	1	0.52mi
8725 Del Rey Ct Tampa, FL	1.0	1.0	432	$1,179	$2.73	1d	11	0.53mi
5119 Chilkoot St Tampa, FL	3.0	2.0	1073	$2,150	$2.00	24d	1	0.53mi
8901 Bertha Palmer Blvd Tampa, FL	1.0–3.0	1.0–2.0	973	$2,062	$2.12	2d	16	0.55mi
4824 E Busch Blvd Unit 4812-7 Tampa, FL	1.0	1.0	650	$1,175	$1.81	24d	1	0.57mi
4824 E Busch Blvd Unit 4822-104 Tampa, FL	2.0	1.0	900	$1,700	$1.89	12d	1	0.57mi
4824 E Busch Blvd Unit 9211-7 Tampa, FL	2.0	2.0	900	$1,650	$1.83	2d	1	0.57mi
4824 E Busch Blvd Unit 9210-4 Tampa, FL	2.0	1.0	900	$1,575	$1.75	24d	1	0.57mi
4824 E Busch Blvd Unit 9201-4 Tampa, FL	1.0	1.0	700	$1,350	$1.93	24d	1	0.57mi
4824 E Busch Blvd Unit 9203-3 Tampa, FL	1.0	1.0	700	$1,375	$1.96	24d	1	0.57mi
8985 Bertha Palmer Blvd Unit 1504551P Temple Terrace, FL	1.0	1.0	667	$3,437	$5.15	4d	1	0.57mi
5002 E Seneca Ave Tampa, FL	3.0	2.0	1004	$2,000	$1.99	24d	1	0.64mi
8501 N 50th St Tampa, FL	1.0–2.0	1.0–2.0	730	$1,710	$2.34	24d	1	0.64mi
9305 Takomah Trl Unit 105 Tampa, FL	1.0	1.0	616	$1,400	$2.27	24d	1	0.67mi
9305 Takomah Trl Unit 206 Tampa, FL	1.0	1.0	616	$1,425	$2.31	14d	1	0.67mi
10213 N Ojus Dr Tampa, FL	3.0	1.5	1050	$2,200	$2.10	24d	1	0.68mi
9208 N Connechusett Rd Tampa, FL	2.0	2.0	952	$1,650	$1.73	3d	1	0.69mi
5008 Sierra Pl Tampa, FL	2.0	2.0	1122	$1,615	$1.44	20d	1	0.71mi
5008 Sierra Pl Tampa, FL	1.0	1.0	827	$1,510	$1.83	21d	1	0.71mi
10605 N 56th St Temple Terrace, FL	2.0–3.0	1.0–2.5	1212	$1,425	$1.18	3d	5	0.71mi
10220 N Ojus Dr Unit B Tampa, FL	2.0	1.0	900	$1,300	$1.44	4d	1	0.71mi
10918 Le Jardin Cir Apt 202 Temple Terrace, FL	2.0	2.0	1100	$1,683	$1.53	23d	1	0.71mi

HOA detail condo

• Monthly dues: $294 · $3,528/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-04-28
   price $119,000 692-char remark

   Show marketing remark (692 chars)

   Tampa 2-bedroom, 1.5-bath condo located in the desirable Washington Square Townhome Condominium community. This unit offers great potential and just needs a little TLC to make it your own. With some updates, it can be ready for rental income or owner occupancy in a short time. The home features a functional layout, all major appliances, and a private fenced patio—perfect for relaxing or entertaining. Add your personal touches and create the ideal space to fit your needs. Conveniently located just minutes from USF, shopping, dining, and major roadways, this property is perfect for investors or first-time buyers. Schedule your showing today and take advantage of this opportunity.

2. 2026-04-01
   status Active 692-char remark

   Show marketing remark (692 chars)

   Tampa 2-bedroom, 1.5-bath condo located in the desirable Washington Square Townhome Condominium community. This unit offers great potential and just needs a little TLC to make it your own. With some updates, it can be ready for rental income or owner occupancy in a short time. The home features a functional layout, all major appliances, and a private fenced patio—perfect for relaxing or entertaining. Add your personal touches and create the ideal space to fit your needs. Conveniently located just minutes from USF, shopping, dining, and major roadways, this property is perfect for investors or first-time buyers. Schedule your showing today and take advantage of this opportunity.

3. 2026-03-15
   status Pending 692-char remark

   Show marketing remark (692 chars)

   Tampa 2-bedroom, 1.5-bath condo located in the desirable Washington Square Townhome Condominium community. This unit offers great potential and just needs a little TLC to make it your own. With some updates, it can be ready for rental income or owner occupancy in a short time. The home features a functional layout, all major appliances, and a private fenced patio—perfect for relaxing or entertaining. Add your personal touches and create the ideal space to fit your needs. Conveniently located just minutes from USF, shopping, dining, and major roadways, this property is perfect for investors or first-time buyers. Schedule your showing today and take advantage of this opportunity.

4. 2026-02-18
   listed $129,000 Active 692-char remark

   Show marketing remark (692 chars)

   Tampa 2-bedroom, 1.5-bath condo located in the desirable Washington Square Townhome Condominium community. This unit offers great potential and just needs a little TLC to make it your own. With some updates, it can be ready for rental income or owner occupancy in a short time. The home features a functional layout, all major appliances, and a private fenced patio—perfect for relaxing or entertaining. Add your personal touches and create the ideal space to fit your needs. Conveniently located just minutes from USF, shopping, dining, and major roadways, this property is perfect for investors or first-time buyers. Schedule your showing today and take advantage of this opportunity.

5. 2025-01-10
   historical $1,350
6. 2024-12-24
   price $1,350
7. 2024-11-07
   listed $1,400
8. 2024-02-26
   price $155,000
9. 2024-01-18
   listed $165,000 Active
10. 2022-11-09
    soldstatus $147,000
11. 2019-09-28
    soldstatus $96,000
12. 2018-01-31
    soldstatus $45,000
13. 2007-08-22
    soldstatus $69,000
14. 2007-08-17
    soldstatus $69,000
15. 2007-03-07
    listed $74,900
16. 2004-09-21
    soldstatus $54,000
17. 2001-09-06
    soldstatus $41,500
18. 1990-05-01
    soldstatus $31,500

ⓘ 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: $1,936 · $161/mo
• Projected year-2 tax: $1,936 · $161/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 · 26 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: $18,796
• − Mortgage interest: −$6,666
• − Property taxes: −$1,936
• − Insurance: −$595
• − Repairs & maintenance: −$1,504
• − Management: −$1,504
• − HOA: −$3,528
• − Depreciation: −$3,462
• Taxable loss: −$398
• Est. tax savings @ 24.0%: +$96
• After-tax cash flow: $1,397/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): 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

+277.8% since first listed

18 events — show timeline

• 2026-04-28 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-10 Rental Removed $1,350 APPFOLIO
• 2024-12-24 Price Changed $1,350 APPFOLIO
• 2024-11-07 Listed for Rent $1,400 APPFOLIO
• 2024-02-26 Price Changed $155,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-18 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-09 Sold (Public Records) $147,000 Public Records
• 2019-09-28 Sold (Public Records) $96,000 Public Records
• 2018-01-31 Sold (Public Records) $45,000 Public Records
• 2007-08-22 Sold (Public Records) $69,000 Public Records
• 2007-08-17 Sold (MLS) $69,000 Stellar MLS as Distributed by MLS Grid
• 2007-03-07 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2004-09-21 Sold (Public Records) $54,000 Public Records
• 2001-09-06 Sold (Public Records) $41,500 Public Records
• 1990-05-01 Sold (Public Records) $31,500 Public Records

Property tax history

+45.8%/yr

Latest (2025): $1,936 · +4.9% YoY. Source: county tax records.