2002 E Okaloosa Ave · Tampa, FL 33604

$129,900

2 bd · 2.0 ba · 1,024 sqft · SingleFamily public records · 142 Days on market

Built 1946 5,000 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Auction Property. Location! Location! Location! 3 bedroom 2-1/2 bath home near Busch Gardens. NO HOA! NO CDD!! This property is now under auction terms. All Bids must be submitted during the auction via the property's listing page. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction Terms & Conditions. All bids will be subject to seller approval (minimums may apply). Under FinCEN's new RRE Rule, transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all cash, privately financed or HELOC. Purchasers may use any lender they choose to finance the purchase of the property, however, Seller requires that all non-cash offers be pre-qualified by NewRez prior to negotiation of the offer.

Key facts

• No cdd
• No hoa
• 5,000 sq ft lot

Tags

• LOCATION NEAR BUSCH GARDENS
• NO HOA
• NO CDD

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $548 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% 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 flat; 368 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 36% of the median local income ($59k/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 $898 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.
• At projected returns (-3.0% appreciation + 0.5% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $22k; list at $130k implies a 490% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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: 1.34% ✓
• Cap rate: 11.97%
• Cash-on-cash: 20.28%
• DSCR: 1.90
• GRM: 6.2

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: 7.0%
• Equity multiple: 1.26×
• Total profit: $9,607
• Equity at exit: $19,369

10-year hold

• IRR: 14.1%
• Equity multiple: 2.01×
• Total profit: $36,679
• Equity at exit: $11,231

Cash invested: $36,372 (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: 368
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,745 high
• Mortgage (P&I): −$681
• Tax from tax record: −$28 /mo · $342/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $548

Break-even live

Break-even rent $1,051

Max offer price $129,900

Occupancy floor 64%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2014 E Humphrey St Tampa, FL	3.0	1.0	880	$1,690	$1.92	11d	1	0.10mi
8618 N 20th St Tampa, FL	3.0	2.0	1064	$2,011	$1.89	5d	1	0.15mi
9313 N 20th St Tampa, FL	2.0	1.0	716	$1,595	$2.23	24d	1	0.23mi
1508 E Humphrey St Apt B Tampa, FL	2.0	1.5	850	$1,750	$2.06	24d	1	0.27mi
1506 E Humphrey St Apt B Tampa, FL	2.0	1.5	850	$1,750	$2.06	24d	1	0.28mi
1503 E Humphrey St Apt D Tampa, FL	2.0	1.5	850	$1,750	$2.06	24d	1	0.29mi
1505 E Humphrey St Apt A Tampa, FL	2.0	1.5	850	$1,750	$2.06	24d	1	0.29mi
1703 E Wood St Tampa, FL	3.0	2.0	1224	$2,426	$1.98	12d	1	0.30mi
1504 E Humphrey St Apt D Tampa, FL	2.0	1.5	850	$1,750	$2.06	24d	1	0.31mi
1502 E Humphrey St Apt C Tampa, FL	2.0	1.5	850	$1,750	$2.06	24d	1	0.33mi
1500 E Humphrey St Tampa, FL	2.0	1.5–2.0	858	$1,772	$2.07	24d	1	0.36mi
9412 N Elmer St Tampa, FL	3.0	1.0	922	$1,695	$1.84	5d	1	0.38mi
8619 N Mulberry St Unit A Tampa, FL	2.0	1.0	742	$1,350	$1.82	24d	1	0.40mi
8419 N Semmes St Tampa, FL	3.0	1.0	864	$1,750	$2.03	24d	1	0.42mi
1502 E Sewaha St Tampa, FL	2.0	1.0	784	$1,350	$1.72	14d	1	0.47mi
8307 N Elmer St Tampa, FL	3.0	1.0	1030	$1,919	$1.86	3d	1	0.48mi
8501 N Mulberry St Apt B Tampa, FL	2.0	1.0	1296	$1,350	$1.04	24d	1	0.49mi
8218 N Elmer St Unit B Tampa, FL	2.0	1.0	756	$1,400	$1.85	24d	1	0.53mi
8213 N 17th St Tampa, FL	3.0	1.0	880	$1,800	$2.05	24d	1	0.56mi
8506 N Brooks St Unit A Tampa, FL	3.0	1.0	1004	$1,950	$1.94	11d	1	0.56mi
8712 Ruth Pl Tampa, FL	1.0	1.0	1465	$950	$0.65	24d	1	0.57mi
2610 E Annie St Tampa, FL	3.0	1.0	1032	$1,745	$1.69	5d	1	0.59mi
8416 N Brooks St Tampa, FL	3.0	2.0	1090	$1,900	$1.74	11d	1	0.60mi
8304 N Mulberry St Tampa, FL	3.0	1.0	858	$1,650	$1.92	5d	1	0.62mi
2608 E 97th Ave Tampa, FL	3.0	1.0	1162	$1,800	$1.55	24d	1	0.65mi
3002 E Yukon St Tampa, FL	3.0	2.0	1125	$2,020	$1.80	24d	1	0.67mi
2609 E 98th Ave Tampa, FL	3.0	1.5	1053	$2,100	$1.99	5d	1	0.68mi
8731 N 30th St Tampa, FL	2.0	1.5	940	$1,650	$1.76	15d	4	0.68mi
8745 N 30th St Unit B Tampa, FL	2.0	1.5	940	$1,650	$1.76	20d	1	0.68mi
3004 E Yukon St Unit B Tampa, FL	1.0	1.0	900	$900	$1.00	24d	1	0.69mi
1809 E Sitka St Tampa, FL	3.0	2.0	1115	$1,840	$1.65	15d	1	0.70mi
8117 N Mulberry St Unit B Tampa, FL	3.0	1.0	800	$2,750	$3.44	22d	1	0.71mi
8117 N Mulberry St Unit B Tampa, FL	3.0	1.0	800	$1,987	$2.48	5d	1	0.71mi
10011 N 23rd St Tampa, FL	3.0	1.0	816	$1,650	$2.02	24d	1	0.71mi
1726 E Idell St Unit B Tampa, FL	1.0	1.0	702	$1,400	$1.99	5d	1	0.72mi
1013 E Eskimo Ave Tampa, FL	3.0	2.0	1350	$2,045	$1.51	24d	1	0.72mi
8215 N Klondyke St Unit B Tampa, FL	2.0	1.0	1352	$1,299	$0.96	24d	1	0.73mi
9410 N 11th St Unit B Tampa, FL	2.0	1.0	1300	$1,995	$1.53	18d	1	0.75mi
1709 E Idell St Unit B Tampa, FL	3.0	1.0	857	$1,500	$1.75	3d	1	0.76mi
2911 E 97th Ave Tampa, FL	3.0	2.0	1432	$2,500	$1.75	4d	1	0.78mi

Listing history 18 events

1. 2026-06-18
   days on market $129,900 Active 142 DOM
2. 2026-06-17
   days on market $129,900 Active 141 DOM
3. 2026-06-16
   days on market $129,900 Active 140 DOM
4. 2026-06-15
   days on market $129,900 Active 139 DOM
5. 2026-06-13
   days on market $129,900 Active 137 DOM
6. 2026-06-13
   days on market $129,900 Active 136 DOM
7. 2026-06-09
   days on market $129,900 Active 133 DOM
8. 2026-06-08
   days on market $129,900 Active 132 DOM
9. 2026-06-07
   days on market $129,900 Active 131 DOM
10. 2026-06-04
    days on market $129,900 Active 128 DOM
11. 2026-06-03
    days on market $129,900 Active 127 DOM
12. 2026-06-02
    days on market $129,900 Active 126 DOM
13. 2026-06-01
    days on market $129,900 Active 125 DOM
14. 2026-05-31
    days on market $129,900 Active 124 DOM
15. 2026-04-28
    price $129,900 818-char remark

    Show marketing remark (818 chars)

    Auction Property. Location! Location! Location! 3 bedroom 2-1/2 bath home near Busch Gardens. NO HOA! NO CDD!! This property is now under auction terms. All Bids must be submitted during the auction via the property's listing page. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction Terms & Conditions. All bids will be subject to seller approval (minimums may apply). Under FinCEN's new RRE Rule, transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all cash, privately financed or HELOC. Purchasers may use any lender they choose to finance the purchase of the property, however, Seller requires that all non-cash offers be pre-qualified by NewRez prior to negotiation of the offer.

16. 2026-03-20
    price $134,900 818-char remark

    Show marketing remark (818 chars)

    Auction Property. Location! Location! Location! 3 bedroom 2-1/2 bath home near Busch Gardens. NO HOA! NO CDD!! This property is now under auction terms. All Bids must be submitted during the auction via the property's listing page. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction Terms & Conditions. All bids will be subject to seller approval (minimums may apply). Under FinCEN's new RRE Rule, transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all cash, privately financed or HELOC. Purchasers may use any lender they choose to finance the purchase of the property, however, Seller requires that all non-cash offers be pre-qualified by NewRez prior to negotiation of the offer.

17. 2026-01-27
    listed $149,900 Active 818-char remark

    Show marketing remark (818 chars)

    Auction Property. Location! Location! Location! 3 bedroom 2-1/2 bath home near Busch Gardens. NO HOA! NO CDD!! This property is now under auction terms. All Bids must be submitted during the auction via the property's listing page. This sale is subject to a 5% or $2,500 minimum buyer's premium pursuant to the auction Terms & Conditions. All bids will be subject to seller approval (minimums may apply). Under FinCEN's new RRE Rule, transfers will be subject to reporting when buyers use entities or trusts to take title to residential real estate, when the transaction is all cash, privately financed or HELOC. Purchasers may use any lender they choose to finance the purchase of the property, however, Seller requires that all non-cash offers be pre-qualified by NewRez prior to negotiation of the offer.

18. 1988-06-01
    soldstatus $22,000

ⓘ 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: $342 · $28/mo
• Projected year-2 tax: $1,078 · $90/mo
• Expected delta: +$736/yr (+$61/mo · 215.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $20,940
• − Mortgage interest: −$7,276
• − Property taxes: −$342
• − Insurance: −$1,447
• − Repairs & maintenance: −$1,675
• − Management: −$1,675
• − Depreciation: −$3,779
• Taxable income: $4,746
• Est. tax owed @ 24.0%: −$1,139
• After-tax cash flow: $5,440/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

+490.5% since first listed

4 events — show timeline

• 2026-04-28 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $134,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 1988-06-01 Sold (Public Records) $22,000 Public Records

Property tax history

+15.1%/yr

Latest (2025): $342 · +7.8% YoY. Source: county tax records.