12847 Kings Crossing Dr · Gibsonton, FL 33534

$194,900

2 bd · 3.0 ba · 1,152 sqft · Townhouse public records · 38 Days on market

Built 2005 1,058 sqft lot $292/mo HOA · 14% of rent ↓ 41% since listing

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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 +16.1/30.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• DSCR +5.0/10.0
• Rent growth +4.5/5.0
• Schools +4.2/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2 bedroom 2 and a half bath townhouse is complete and move in ready ! As you enter the home you are welcomed in with a bright living/dining area complimented with light grey paint. The kitchen has oak cabinets white countertops and white appliances. The kitchen opens up comfortably to screened in lanai. In addition the first floor has a half bath perfect for guests while entertaining and not to mention a laundry closet! The second floor has beautiful laminate flooring through out. Along with two bedrooms, two full baths, and a linen closet. The community is gated and also has a community pool perfect for entertaining. This property has easy access to I-75 close to beaches, grocery stores, and restaurants. You don't want to miss out on this property. Schedule a showing and come see it for yourself !

Key facts

• Gated community
• Dog park
• Security gate

Tags

• GATED COMMUNITY
• COMMUNITY POOL
• SECURITY GATE
• DOG PARK
• BASKETBALL COURTS
• PLAYGROUND

Property features AI

Finance

• Other: Unfurnished
• Financial info: Total monthly fees $292; total annual fees $3,504; Lease restrictions apply
• HOA & community: HOA managed by CMG Management Partners; Monthly HOA fee $292; Association fee covers pool, maintenance (structure and grounds), management, pest control, private road, recreational facilities, sewer, trash, water, and escrow reserves; Association approval required; Community amenities include pool, playground, park, basketball court, dog park, sidewalks and street lights; Buyer approval required for association; Pets allowed (cats and dogs, with number limit)

Exterior

• Parking: Guest parking; Reserved parking
• Security: Gated community (association amenity)
• Utilities: Private water source; Private sewer; Electricity connected; Water connected; Sewer connected; Cable available; Broadband/high-speed internet available; Underground utilities
• Home design: Townhouse (residential); 2 stories; Faces west; Zoned PD
• Construction: Block, stucco and frame construction; Shingle roof; Block and slab foundation; Built as part of a multi-unit building
• Exterior features: Covered rear screened porch; Patio/porch with screened rear porch; Sidewalk; Sliding doors; Exterior storage

Interior

• Kitchen: Dishwasher; Range; Microwave; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Tile; Block/slab foundation
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan with living room/dining room combo; Solid wood cabinets; Thermostat; Vaulted ceilings; Walk-in closets
• Laundry & utility: Laundry inside (laundry closet); Laundry in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath townhouse listed at $195k.

Deal economics

• At list price, monthly cash flow is $99 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $195k).
• Recommended offer: $189k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#479 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, commute A-; Watch: schools F, amenities F, health & safety 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.
• Market conditions: Rents rising fast (+8.1%/yr); 107 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• This rent runs 32% of the median local income ($80k/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 $1k of loan paydown is wiped out by about $6k 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 + 8.0% rent growth), your $55k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,053 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 1.09% ✓
• Cap rate: 6.90%
• Cash-on-cash: 2.17%
• DSCR: 1.10
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -6.5%
• Equity multiple: 0.74×
• Total profit: $-13,939
• Equity at exit: $29,060

10-year hold

• IRR: 9.0%
• Equity multiple: 1.87×
• Total profit: $47,596
• Equity at exit: $16,851

Cash invested: $54,572 (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 33534

• Home prices YoY: -18.2%
• Rents YoY: 8.1%
• Active inventory: 107
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,118 high
• Mortgage (P&I): −$1,022
• Tax from tax record: −$180 /mo · $2,156/yr
• Insurance: −$81
• HOA: −$292
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $99

Break-even live

Break-even rent $1,994

Max offer price $194,900

Occupancy floor 90%

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: $48,725
• Closing costs: $5,847
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6765 Lake Rochester Ln Gibsonton, FL	2.0	2.5	1152	$1,950	$1.69	24d	1	0.06mi
13123 Kings Crossing Dr Gibsonton, FL	3.0	2.5	1360	$1,850	$1.36	24d	1	0.16mi
6981 Tapestry Heights Ave Apollo Beach, FL	3.0	1.0–2.0	1050	$2,262	$2.15	5d	34	0.31mi
12813 Kings Lake Dr Gibsonton, FL	3.0	2.0	1391	$2,650	$1.91	24d	1	0.60mi
7002 Crown Lake Dr Gibsonton, FL	3.0	2.0	1364	$1,995	$1.46	3d	1	0.72mi
7556 Oxford Garden Cir Apollo Beach, FL	3.0	2.0	1335	$2,020	$1.51	5d	1	1.19mi

HOA detail

• Monthly dues: $292 · $3,504/yr
• Likely covers: poolsecurity

Listing history 23 events

1. 2026-06-07
   statusdays on market $194,900 Pending 38 DOM
2. 2026-06-04
   days on market $194,900 Active 37 DOM
3. 2026-06-03
   days on market $194,900 Active 36 DOM
4. 2026-06-02
   days on market $194,900 Active 35 DOM
5. 2026-06-01
   days on market $194,900 Active 34 DOM
6. 2026-05-31
   days on market $194,900 Active 33 DOM
7. 2026-05-15
   price $194,900 1141-char remark
8. 2026-04-24
   listed $199,900 Active 1141-char remark
9. 2021-10-01
   soldstatus $181,000 Closed 814-char remark

   Show marketing remark (814 chars)

   This 2 bedroom 2 and a half bath townhouse is complete and move in ready ! As you enter the home you are welcomed in with a bright living/dining area complimented with light grey paint. The kitchen has oak cabinets white countertops and white appliances. The kitchen opens up comfortably to screened in lanai. In addition the first floor has a half bath perfect for guests while entertaining and not to mention a laundry closet! The second floor has beautiful laminate flooring through out. Along with two bedrooms, two full baths, and a linen closet. The community is gated and also has a community pool perfect for entertaining. This property has easy access to I-75 close to beaches, grocery stores, and restaurants. You don't want to miss out on this property. Schedule a showing and come see it for yourself !

10. 2021-08-28
    status Pending 814-char remark

    Show marketing remark (814 chars)

    This 2 bedroom 2 and a half bath townhouse is complete and move in ready ! As you enter the home you are welcomed in with a bright living/dining area complimented with light grey paint. The kitchen has oak cabinets white countertops and white appliances. The kitchen opens up comfortably to screened in lanai. In addition the first floor has a half bath perfect for guests while entertaining and not to mention a laundry closet! The second floor has beautiful laminate flooring through out. Along with two bedrooms, two full baths, and a linen closet. The community is gated and also has a community pool perfect for entertaining. This property has easy access to I-75 close to beaches, grocery stores, and restaurants. You don't want to miss out on this property. Schedule a showing and come see it for yourself !

11. 2021-08-24
    status Active 814-char remark

    Show marketing remark (814 chars)

    This 2 bedroom 2 and a half bath townhouse is complete and move in ready ! As you enter the home you are welcomed in with a bright living/dining area complimented with light grey paint. The kitchen has oak cabinets white countertops and white appliances. The kitchen opens up comfortably to screened in lanai. In addition the first floor has a half bath perfect for guests while entertaining and not to mention a laundry closet! The second floor has beautiful laminate flooring through out. Along with two bedrooms, two full baths, and a linen closet. The community is gated and also has a community pool perfect for entertaining. This property has easy access to I-75 close to beaches, grocery stores, and restaurants. You don't want to miss out on this property. Schedule a showing and come see it for yourself !

12. 2021-08-23
    price $183,000 814-char remark

    Show marketing remark (814 chars)

    This 2 bedroom 2 and a half bath townhouse is complete and move in ready ! As you enter the home you are welcomed in with a bright living/dining area complimented with light grey paint. The kitchen has oak cabinets white countertops and white appliances. The kitchen opens up comfortably to screened in lanai. In addition the first floor has a half bath perfect for guests while entertaining and not to mention a laundry closet! The second floor has beautiful laminate flooring through out. Along with two bedrooms, two full baths, and a linen closet. The community is gated and also has a community pool perfect for entertaining. This property has easy access to I-75 close to beaches, grocery stores, and restaurants. You don't want to miss out on this property. Schedule a showing and come see it for yourself !

13. 2021-08-05
    status Pending 814-char remark

    Show marketing remark (814 chars)

    This 2 bedroom 2 and a half bath townhouse is complete and move in ready ! As you enter the home you are welcomed in with a bright living/dining area complimented with light grey paint. The kitchen has oak cabinets white countertops and white appliances. The kitchen opens up comfortably to screened in lanai. In addition the first floor has a half bath perfect for guests while entertaining and not to mention a laundry closet! The second floor has beautiful laminate flooring through out. Along with two bedrooms, two full baths, and a linen closet. The community is gated and also has a community pool perfect for entertaining. This property has easy access to I-75 close to beaches, grocery stores, and restaurants. You don't want to miss out on this property. Schedule a showing and come see it for yourself !

14. 2021-08-03
    listed $179,900 Active 814-char remark

    Show marketing remark (814 chars)

    This 2 bedroom 2 and a half bath townhouse is complete and move in ready ! As you enter the home you are welcomed in with a bright living/dining area complimented with light grey paint. The kitchen has oak cabinets white countertops and white appliances. The kitchen opens up comfortably to screened in lanai. In addition the first floor has a half bath perfect for guests while entertaining and not to mention a laundry closet! The second floor has beautiful laminate flooring through out. Along with two bedrooms, two full baths, and a linen closet. The community is gated and also has a community pool perfect for entertaining. This property has easy access to I-75 close to beaches, grocery stores, and restaurants. You don't want to miss out on this property. Schedule a showing and come see it for yourself !

15. 2018-02-01
    soldstatus $570,000
16. 2018-01-09
    soldstatus $3,640,000
17. 2016-05-27
    soldstatus $79,000
18. 2013-01-22
    soldstatus $55,000

    Show marketing remark (322 chars)

    This is NOT a Short Sale so if you are looking for a home that can close in days or a few weeks, this is it! Nice 2 bed, 2.5 bath townhome with easy access to Hwy 41, I-75 and Hwy 301. Large living room/dining room combo plus nice-size breakfast bar. Additional storage off the screened lanai. Neutral colors throughout.

19. 2013-01-22
    soldstatus $55,000

    Show marketing remark (322 chars)

    This is NOT a Short Sale so if you are looking for a home that can close in days or a few weeks, this is it! Nice 2 bed, 2.5 bath townhome with easy access to Hwy 41, I-75 and Hwy 301. Large living room/dining room combo plus nice-size breakfast bar. Additional storage off the screened lanai. Neutral colors throughout.

20. 2012-12-29
    listed $65,000

    Show marketing remark (322 chars)

    This is NOT a Short Sale so if you are looking for a home that can close in days or a few weeks, this is it! Nice 2 bed, 2.5 bath townhome with easy access to Hwy 41, I-75 and Hwy 301. Large living room/dining room combo plus nice-size breakfast bar. Additional storage off the screened lanai. Neutral colors throughout.

21. 2005-06-23
    soldstatus $151,890
22. 2005-06-06
    listed $151,890
23. 2004-08-10
    soldstatus $327,800

ⓘ 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: $2,156 · $180/mo
• Projected year-2 tax: $2,156 · $180/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 6/10 Major FEMA zone X (unshaded) · 53% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 29 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: $25,420
• − Mortgage interest: −$10,917
• − Property taxes: −$2,156
• − Insurance: −$974
• − Repairs & maintenance: −$2,034
• − Management: −$2,034
• − HOA: −$3,504
• − Depreciation: −$5,670
• Taxable loss: −$1,869
• Est. tax savings @ 24.0%: +$449
• After-tax cash flow: $1,631/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 — Gibsonton

• Score: 69/100
• State rank: #479
• US rank: #8752

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gibsonton, FL
• County: Hillsborough County · 1,540,968 people
• City population: 17,740
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 17,740
• Household income: $80,484
• Rent vs Own: 33.7% rent · 66.3% own
• Severe rent burden: 487.0

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 36% Two or more races 23% Black 19% Asian 2%
• Hispanic origin (detail): Mexican 13% Puerto Rican 10% Cuban 4% Dominican 3%
• Common ancestry: Hispanic 3% Russian 1% Lithuanian 1%
• Foreign-born: 16% · Canada, Guatemala, Jamaica
• Languages at home: 66% English-only · Spanish 30% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -72.07%
• Current HPI: 323.4367
• Rent YoY: ▲ 8.05%
• 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

-40.5% since first listed

20 events — show timeline

• 2026-06-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Price Changed $194,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2021-10-01 Sold (MLS) $181,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-08-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-08-23 Price Changed $183,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-08-03 Listed $179,900 Stellar MLS as Distributed by MLS Grid
• 2018-02-01 Sold (Public Records) $570,000 Public Records
• 2018-01-09 Sold (Public Records) $3,640,000 Public Records
• 2016-05-27 Sold (Public Records) $79,000 Public Records
• 2013-01-22 Sold (Public Records) $55,000 Public Records
• 2013-01-22 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2012-12-29 Listed $65,000 Stellar MLS as Distributed by MLS Grid
• 2005-06-23 Sold (MLS) $151,890 Stellar MLS as Distributed by MLS Grid
• 2005-06-06 Listed $151,890 Stellar MLS as Distributed by MLS Grid
• 2004-08-10 Sold (Public Records) $327,800 Public Records

Property tax history

+7.8%/yr

Latest (2025): $2,156 · +9.8% YoY. Source: county tax records.