4809 S Mound Ave #105 · Tampa, FL 33611

$150,000

2 bd · 1.0 ba · 818 sqft · Condo public records · 3 Days on market

Built 1983 $400/mo HOA · 20% of rent

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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 +15.6/30.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• DSCR +4.8/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. READY TO BE UPDATED!!!! FIRST FLOOR CONDO IN SOUTH TAMPA!! This 12 unit complex with designated parking plus guest, is perfectly located on the corner of Gandy and Mound. The condominium is tucked away in Bayshore Beautiful subdivision and is surrounded by luxurious single family homes. The location is so close to shops and restaurants you can walk, Easy commute to downtown, Channelside. Hyde Park and Soho. Unit features include open floor plan, utility closet for washer/dryer. Enjoy the outside through the sliding door that leads to back porch and community fenced in area. If you are looking to purchase multiple units check out the other 2 listings.

Key facts

• First floor condo
• Back porch
• Designated parking

Tags

• FIRST FLOOR CONDO
• DESIGNATED PARKING
• BAYSHORE BEAUTIFUL SUBDIVISION
• BACK PORCH
• COMMUNITY FENCED IN AREA

Property features AI

Finance

• Financial info: Total monthly fees: $400; Total annual fees: $4,800
• HOA & community: Monthly condo fee: $400; Association approval required; HOA fee includes insurance, structure and grounds maintenance, pest control, sewer, trash and water; Pets allowed: cats and dogs; Association contact/representative noted

Exterior

• Parking: Assigned parking; Guest parking
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Residential condominium; Faces east; One level (unit on 1st floor); Building has 2 total stories
• Construction: Block construction; Membrane roof; Slab foundation; Building name: TWELVE PALMS CONDOMINIUMS; Built on a 0.02 acre lot
• Exterior features: Exterior lighting; Private mailbox

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Concrete flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: No interior features specified
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $150k.

Deal economics

• At list price, monthly cash flow is $64 ($766/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

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; 416 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 18y 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

• Watch-outs: HOA is 20% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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 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: 6.80%
• Cash-on-cash: 1.82%
• DSCR: 1.08
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.69% rent growth · sell at horizon

5-year hold

• IRR: -16.9%
• Equity multiple: 0.42×
• Total profit: $-24,413
• Equity at exit: $22,365

10-year hold

• IRR: -16.0%
• Equity multiple: 0.23×
• Total profit: $-32,326
• Equity at exit: $12,969

Cash invested: $42,000 (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 33611

• Rents YoY: 0.7%
• Active inventory: 416
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,974 high
• Mortgage (P&I): −$787
• Tax from tax record: −$247 /mo · $2,959/yr
• Insurance: −$62
• HOA: −$400
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $64

Break-even live

Break-even rent $1,893

Max offer price $150,000

Occupancy floor 92%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3404 W Marlin Ave Tampa, FL	1.0–2.0	1.0–2.0	915	$1,900	$2.08	5d	10	0.26mi
3414 W Oakellar Ave Tampa, FL	2.0	1.0	1078	$1,850	$1.72	13d	1	0.30mi
5000 S Himes Ave Tampa, FL	1.0–2.0	1.0–2.0	866	$2,155	$2.49	4d	9	0.30mi
5101 S Clarice Ct Tampa, FL	2.0	1.0	820	$1,300	$1.59	24d	1	0.55mi
5107 S Clarice Ct Tampa, FL	2.0	1.0	1000	$1,500	$1.50	1d	1	0.56mi
5113 S Clarice Ct Unit 5113A Tampa, FL	2.0	1.0	1000	$1,500	$1.50	14d	1	0.56mi
5117 S Clarice Ct Unit 5117A Tampa, FL	2.0	1.0	900	$1,756	$1.95	14d	1	0.59mi
2910 W Pearl Ave Tampa, FL	3.0	1.0	1107	$2,450	$2.21	17d	1	0.60mi
2911 W Tyson Ave Tampa, FL	2.0	1.0	650	$1,723	$2.65	21d	1	0.62mi
5440 S Macdill Ave Tampa, FL	2.0	1.0	884	$1,700	$1.92	3d	1	0.64mi
5055 S Dale Mabry Hwy Tampa, FL	2.0	1.0–2.0	797	$2,000	$2.51	3d	28	0.74mi
3394 W Wyoming Cir Tampa, FL	2.0	1.5	930	$2,600	$2.80	24d	1	0.78mi
2706 W Tyson Ave Unit B Tampa, FL	1.0	1.0	600	$1,800	$3.00	24d	1	0.80mi
2706 W Tyson Ave Unit C Tampa, FL	1.0	1.0	600	$1,650	$2.75	24d	1	0.80mi
3701 W Wyoming Ave Tampa, FL	2.0	1.0	900	$1,550	$1.72	23d	1	0.88mi
4015 Bayshore Blvd Tampa, FL	1.0–2.0	1.0–2.0	747	$2,500	$3.35	2d	3	0.88mi
5411 Bayshore Blvd Tampa, FL	1.0–2.0	1.0	608	$2,100	$3.45	24d	3	0.90mi
3811 N Oak Dr Unit 61 Tampa, FL	2.0	2.0	904	$1,880	$2.08	10d	1	0.90mi
5145 S Dale Mabry Hwy Tampa, FL	3.0	1.0–2.0	1057	$3,253	$3.08	3d	20	0.90mi
3821 N Oak Dr Unit J21 Tampa, FL	2.0	2.0	1010	$1,950	$1.93	20d	1	0.96mi
4207 S Dale Mabry Hwy Tampa, FL	1.0–3.0	1.0–2.0	1117	$2,185	$1.96	3d	7	0.96mi
5901 S Dale Mabry Hwy Unit B Tampa, FL	3.0	1.0	768	$1,500	$1.95	24d	1	1.03mi
3809 W Iowa Ave Tampa, FL	1.0	1.0	650	$1,125	$1.73	5d	3	1.07mi
3606 S MacDill Ave Unit 208 Tampa, FL	2.0	1.0	1050	$2,095	$2.00	21d	1	1.09mi
6001 S Dale Mabry Hwy Unit 08 Tampa, FL	2.0	1.0	830	$1,195	$1.44	24d	1	1.10mi
4233 La Sorrento Ct Tampa, FL	2.0	1.5	1044	$2,200	$2.11	3d	1	1.13mi
4220 La Dega Ct Unit 1 Tampa, FL	2.0	1.5	1044	$1,899	$1.82	24d	1	1.13mi
4220 La Dega Ct Tampa, FL	2.0	2.0	1044	$1,899	$1.82	24d	1	1.13mi
3814 W Euclid Ave Tampa, FL	1.0	1.0	650	$1,500	$2.31	24d	2	1.16mi
4304 La Riviera Ct Tampa, FL	2.0	1.5	1044	$3,275	$3.14	24d	1	1.16mi
4521 W La Villa Ln Tampa, FL	2.0	1.5	1044	$1,875	$1.80	24d	1	1.18mi
3730 W Bay Ave Tampa, FL	1.0–2.0	1.0	775	$1,199	$1.55	23d	1	1.18mi
4315 Aegean Dr Unit 102C Tampa, FL	2.0	1.0	1000	$1,849	$1.85	21d	1	1.22mi
6306 S Macdill Ave Tampa, FL	1.0–2.0	1.0–2.0	747	$2,171	$2.90	3d	15	1.24mi
6244 S Martindale Ave Unit B Tampa, FL	2.0	1.0	850	$1,990	$2.34	24d	1	1.24mi
3325 Bayshore Blvd Tampa, FL	1.0–2.0	2.0	832	$2,300	$2.76	24d	2	1.38mi
3325 Bayshore Blvd Unit E35 Tampa, FL	2.0	2.0	936	$2,200	$2.35	4d	1	1.40mi
3325 Bayshore Blvd Unit E34 Tampa, FL	2.0	2.0	936	$2,300	$2.46	20d	1	1.40mi
5608 S Manhattan Ave Unit A Tampa, FL	2.0	1.0	800	$500	$0.62	17d	1	1.45mi
6317 S Roberts Ave Unit A Tampa, FL	2.0	1.0	864	$1,600	$1.85	21d	1	1.49mi

HOA detail condo

• Monthly dues: $400 · $4,800/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 4 events

1. 2026-06-15
   status $150,000 Pending 3 DOM
2. 2026-06-13
   days on market $150,000 Active 3 DOM
3. 2026-06-13
   remarks 699-char remark
4. 2026-06-13
   listed $150,000 Active 2 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: $2,959 · $247/mo
• Projected year-2 tax: $2,959 · $247/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) · 58% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,689
• − Mortgage interest: −$8,402
• − Property taxes: −$2,959
• − Insurance: −$750
• − Repairs & maintenance: −$1,895
• − Management: −$1,895
• − HOA: −$4,800
• − Depreciation: −$4,364
• Taxable loss: −$1,376
• Est. tax savings @ 24.0%: +$330
• After-tax cash flow: $1,096/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): 36,810
• Household income: $90,910
• Rent vs Own: 46.3% rent · 53.7% own
• Severe rent burden: 1761.0

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: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 14% Two or more races 12% Black 5% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 4%
• Common ancestry: Romanian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 12% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Vietnamese 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: ▼ -328.23%
• Current HPI: 374.7996
• 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

+275.9% since first listed

7 events — show timeline

• 2026-06-10 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2015-10-08 Sold (Public Records) $131,000 Public Records
• 2008-11-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-08-08 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2005-10-15 Sold (Public Records) $380,000 Public Records
• 2000-11-08 Sold (Public Records) $42,000 Public Records
• 1983-07-01 Sold (Public Records) $39,900 Public Records

Property tax history

+11.8%/yr

Latest (2025): $2,959 · +10.7% YoY. Source: county tax records.