112 W Powhatan Ave · Tampa, FL 33604

$299,999

3 bd · 1.0 ba · 1,222 sqft · SingleFamily public records · 51 Days on market

Built 1922 8,184 sqft lot

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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 +14.3/30.0
• ARV discount +7.5/15.0
• DSCR +4.4/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• 1% rule +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. PROPERTY PENDING COURT APPROVAL. Built in 1922, this 3-bedroom, 1-bath home spans just shy of 1,300 sq. ft. and sits on a large lot with a spacious backyard—offering endless possibilities for outdoor living, expansion, or new construction. The home itself is ready for a complete renovation or rebuild, providing an excellent opportunity for investors or visionaries. Not located within the local historic district, the property allows full flexibility for redevelopment. A rare find with this much space and potential. Whether you’re looking to restore a piece of old Florida charm or build something entirely new, this property is a blank canvas

Key facts

• Spacious backyard
• Complete renovation
• Large lot

Tags

• LARGE LOT
• SPACIOUS BACKYARD
• COMPLETE RENOVATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $58 ($692/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $230k (23.2% below list).
• Recommended offer: $230k (23.2% below list) — sets the bar for 1% rule.

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 21d on market — plan ~3-4 weeks tenant-placement turnaround); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• At $2,303/mo this rent would consume 47% of the median local household income ($59k/yr) (locally 2581% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 51 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.
• Current owner paid $24k; list at $300k implies a 1150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $230,305 (23.2% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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: 0.77% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.82%
• DSCR: 1.04
• GRM: 10.9

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: -17.5%
• Equity multiple: 0.40×
• Total profit: $-50,707
• Equity at exit: $44,731

10-year hold

• IRR: -14.2%
• Equity multiple: 0.26×
• Total profit: $-61,962
• Equity at exit: $25,938

Cash invested: $84,000 (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 33604

• Home prices YoY: -31.3%
• Rents YoY: 0.5%
• Active inventory: 368
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,303 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$64 /mo · $763/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$484
• Net cashflow: $58

Break-even live

Break-even rent $2,230

Max offer price $299,999

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5706 N Suwanee Ave Unit 1271940P Tampa, FL	2.0	1.0	914	$2,747	$3.01	2d	1	0.15mi
503 W Idlewild Ave Tampa, FL	2.0	2.0	968	$2,200	$2.27	17d	1	0.31mi
303 E Paris St Tampa, FL	2.0	2.0	1442	$2,200	$1.53	24d	1	0.33mi
203 W Crest Ave Tampa, FL	2.0	1.0	900	$2,100	$2.33	24d	1	0.34mi
203 W Haya St Tampa, FL	2.0	1.0	990	$1,950	$1.97	5d	1	0.40mi
5305 N Boulevard Tampa, FL	1.0–2.0	1.0–2.5	970	$2,100	$2.16	3d	4	0.41mi
5205 N Boulevard Tampa, FL	1.0–3.0	1.0–2.0	1175	$2,241	$1.91	3d	17	0.47mi
325 W Jean St Tampa, FL	3.0	2.0	1200	$2,500	$2.08	24d	1	0.52mi
310 E Lambright St Unit 310-1 Tampa, FL	2.0	1.0	800	$1,650	$2.06	24d	1	0.60mi
310 E Lambright St Unit 310-3 Tampa, FL	2.0	1.0	800	$1,650	$2.06	12d	1	0.60mi
816 E Frierson Ave Tampa, FL	3.0	1.0	864	$2,250	$2.60	24d	1	0.64mi
309 W Osborne Ave Tampa, FL	3.0	1.5	1462	$3,300	$2.26	24d	1	0.70mi
113 W Elm St Tampa, FL	3.0	2.0	1473	$3,400	$2.31	18d	1	0.77mi
118 W Sligh Ave Unit Main Tampa, FL	2.0	1.0	865	$2,750	$3.18	16d	1	0.79mi
809 W Hiawatha St Tampa, FL	3.0	2.0	1345	$2,600	$1.93	20d	1	0.80mi
5611 N McKay Ave Tampa, FL	2.0	1.0	912	$1,795	$1.97	22d	1	0.82mi
5611 N McKay Ave Tampa, FL	2.0	1.0	912	$1,795	$1.97	24d	1	0.82mi
4513 N Florida Ave Tampa, FL	2.0	1.0	887	$2,299	$2.59	2d	6	0.85mi
6905 N Duncan Ave Unit A Tampa, FL	2.0	2.0	1214	$1,850	$1.52	24d	1	0.85mi
6712 N Harer St Tampa, FL	2.0	1.0	720	$1,525	$2.12	24d	1	0.86mi
6712 N Harer St Unit 2 Tampa, FL	2.0	1.0	720	$1,425	$1.98	5d	1	0.86mi
1212 E Mohawk Ave Tampa, FL	3.0	1.0	1266	$1,995	$1.58	20d	1	0.88mi
6416 N Orleans Ave Tampa, FL	2.0	1.0	1008	$2,300	$2.28	15d	1	0.89mi
203 W Emma St Tampa, FL	3.0	2.0	1279	$2,700	$2.11	24d	1	0.89mi
203 W Emma St Tampa, FL	3.0	2.0	1279	$2,500	$1.95	11d	1	0.89mi
4501 N Highland Ave Unit Main House Tampa, FL	4.0	2.0	1500	$3,300	$2.20	16d	1	0.89mi
1215 E Mohawk Ave Tampa, FL	2.0	1.0	840	$1,800	$2.14	11d	1	0.89mi
7005 N Duncan Ave Unit A Tampa, FL	2.0	1.0	814	$2,000	$2.46	20d	1	0.90mi
102 W Emma St Unit 1271942P Tampa, FL	2.0	2.0	775	$3,310	$4.27	2d	1	0.92mi
7201 N Highland Ave Tampa, FL	2.0	1.0	1400	$2,350	$1.68	24d	1	0.96mi
411 W Flora St Tampa, FL	2.0	1.0	1400	$2,750	$1.96	22d	1	0.97mi
902 E Curtis St Unit 1 Tampa, FL	2.0	2.0	1325	$3,200	$2.42	18d	1	0.98mi
4412 N Clearfield Ave Tampa, FL	3.0	2.0	1336	$2,250	$1.68	24d	1	0.98mi
1202 E Caracas St Tampa, FL	3.0	3.0	1224	$2,595	$2.12	24d	1	0.99mi
706 E Flora St Tampa, FL	3.0	1.0	832	$2,225	$2.67	24d	1	1.05mi
900 E Sligh Ave Tampa, FL	2.0	1.0–2.0	888	$2,630	$2.96	2d	33	1.05mi
7218 N Highland Ave Tampa, FL	3.0	2.0	1448	$2,950	$2.04	5d	1	1.05mi
406 W Alva St Tampa, FL	2.0	1.0	936	$2,500	$2.67	24d	1	1.07mi
806 E Chelsea St Unit 4 Tampa, FL	2.0	1.0	850	$1,790	$2.11	24d	1	1.07mi
314 W Alva St Tampa, FL	3.0	2.0	1170	$3,000	$2.56	24d	1	1.07mi

Listing history 6 events

1. 2026-02-04
   status Pending
2. 2026-01-19
   status Active
3. 2025-11-26
   status Pending
4. 2025-10-22
   listed $299,999 Active
5. 1978-03-01
   soldstatus $24,000
6. 1977-05-01
   soldstatus $24,000

ⓘ 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: $763 · $64/mo
• Projected year-2 tax: $2,490 · $207/mo
• Expected delta: +$1,727/yr (+$144/mo · 226.5%)

ⓘ 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 6 d/yr ≥108°F today · 22 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: $27,637
• − Mortgage interest: −$16,805
• − Property taxes: −$763
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,211
• − Management: −$2,211
• − Depreciation: −$8,727
• Taxable loss: −$4,580
• Est. tax savings @ 24.0%: +$1,099
• After-tax cash flow: $1,791/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

+1150.0% since first listed

6 events — show timeline

• 2026-02-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-22 Listed $299,999 Stellar MLS as Distributed by MLS Grid
• 1978-03-01 Sold (Public Records) $24,000 Public Records
• 1977-05-01 Sold (Public Records) $24,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $763 · +6.1% YoY. Source: county tax records.