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2223 Gordon St
B- Composite 66.62
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 +22.9/30.0
  • Appreciation +10.0/10.0
  • ARV discount +7.5/15.0
  • DSCR +7.3/10.0
  • 1% rule +5.6/10.0
  • Schools +4.2/10.0
  • Livability +4.0/5.0
  • Rent growth +2.6/5.0
  • Condition / age +2.5/5.0

$319,900

2223 Gordon St · Tampa, FL 33605
2 bd · 2.0 ba · 1,593 sqft · Other public records · 8 Days on market
Built 1925 4,750 sqft lot

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

Key facts

  • Outdoor amenities
  • Private entrance
  • Updated bathrooms

Tags

PRIVATE ENTRANCEUPDATED KITCHENUPDATED BATHROOMSSEPARATE LIVING SPACESRENTAL INCOMEOUTDOOR AMENITIES

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath other listed at $320k.

Deal economics

  • At list price, monthly cash flow is $135 ($2k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $320k).

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; 190 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
  • At $3,401/mo this rent would consume 110% of the median local household income ($37k/yr) (locally 1374% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • In year one you build about $34k of equity ($2k loan paydown + $32k appreciation (10.0% local appreciation)).
  • Hillsborough County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (10.0% appreciation + 0.6% rent growth), your $90k cash investment doubles in ~3 years — after that, you're playing with house money.
  • By year 2, paydown + projected appreciation supports a ~$55k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

  • Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
  • 8 sale attempts since 22y 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.
  • Current owner paid $148k; list at $320k implies a 116% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: flood insurance adds $427/mo; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $319,900

Questions for the listing agent

  1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  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. 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.
  6. 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.
  7. 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
1.06%
Cap rate
8.40%
Cash-on-cash
7.52%
DSCR
1.33
GRM
7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 0.58% rent growth · sell at horizon

5-year hold
IRR
24.6%
Equity multiple
2.95×
Total profit
$174,995
Equity at exit
$288,191
10-year hold
IRR
21.1%
Equity multiple
6.52×
Total profit
$494,253
Equity at exit
$621,495

Cash invested: $89,572 (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.

ZIP-level market 33605

Home prices YoY
3.7%
Rents YoY
0.6%
Active inventory
190
Price-to-rent
7.8×

Monthly cashflow live

Estimated rent
$3,401 high interval (Pro) →
Mortgage (P&I)
$1,678
Tax from tax record
$314 /mo · $3,773/yr
Insurance
$133
Flood insurance flood zone
−$427 /mo · $5,118/yr
HOA
$0
Vacancy / Maint / Mgmt
$714
Net cashflow
$135

Break-even live

Break-even rent $3,230
Max offer price $319,900
Occupancy floor 91%

Sensitivity live

Price -10% $316 -5% $225 +0% $135 +5% $44 +10% $-46
Rent -10% $-134 -5% $1 +0% $135 +5% $269 +10% $404
Rate -1.0pp $296 -0.5pp $216 base $135 +0.5pp $52 +1.0pp $-32

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
$79,975
Closing costs
$9,597
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2204 Grant St Tampa, FL 3.0 3.0 1854 $2,995 $1.62 25d 1 0.12mi
2610 Durham St Apt B Tampa, FL 2.0 1.0 1088 $1,250 $1.15 15d 1 0.45mi
2409 E 2nd Ave Tampa, FL 2.0 1.0–2.0 882 $2,787 $3.16 0d 20 0.78mi
111 N 12th St Tampa, FL 1.0–2.0 1.0–2.0 852 $3,250 $3.81 0d 1 0.85mi
101 S 12th St #410 Tampa, FL 2.0 2.0 1631 $4,600 $2.82 22d 1 0.86mi
1212 E Whiting St Unit A Tampa, FL 2.0 2.0 1427 $6,500 $4.56 25d 1 0.89mi
1298 E Madison St Tampa, FL 2.0 2.0 1135 $3,440 $3.03 0d 1 0.90mi
1209 E Cumberland Ave #2103 Tampa, FL 2.0 2.5 1338 $5,500 $4.11 18d 1 0.91mi
1209 E Cumberland Ave Tampa, FL 1.0–2.0 1.5–2.5 1317 $5,500 $4.17 22d 3 0.91mi
1227 E Madison St #902 Tampa, FL 2.0 2.0 1590 $3,500 $2.20 25d 1 0.91mi
449 S 12th St Tampa, FL 2.0–3.0 2.5–3.0 1866 $4,850 $2.60 5d 4 0.91mi
2006 E 4th Ave Tampa, FL 2.0 2.0 1140 $2,000 $1.75 15d 1 0.94mi
101 N Meridian Ave Tampa, FL 2.0 1.0–2.5 935 $4,878 $5.21 0d 37 0.95mi
727 Cruise View Dr Tampa, FL 3.0 2.0 1514 $5,000 $3.30 5d 1 0.95mi
702 Coral Reef Dr Tampa, FL 1.0 1.0 1084 $3,195 $2.95 25d 1 0.96mi
1190 E Washington St Tampa, FL 2.0 1.0–2.0 967 $3,346 $3.46 0d 10 0.97mi
1208 E Kennedy Blvd #616 Tampa, FL 2.0 1.0 1050 $2,600 $2.48 25d 1 0.98mi
1208 E Kennedy Blvd #515 Tampa, FL 2.0 1.0 1050 $2,850 $2.71 5d 1 0.99mi
2002 E 5th Ave Tampa, FL 2.0 2.0 1064 $1,795 $1.69 5d 1 0.99mi
1120 E Kennedy Blvd #314 Tampa, FL 2.0 1.0 1050 $2,395 $2.28 17d 1 0.99mi
1120 E Kennedy Blvd #926 Tampa, FL 2.0 1.0 1050 $3,100 $2.95 25d 1 0.99mi
1120 E Kennedy Blvd #515 Tampa, FL 2.0 1.0 1050 $2,750 $2.62 25d 1 0.99mi
1120 E Kennedy Blvd #1216 Tampa, FL 2.0 2.0 1599 $4,750 $2.97 25d 1 0.99mi
601 N 12th St Tampa, FL 2.0 1.0–2.0 954 $4,679 $4.90 0d 18 1.00mi
599 N 12th St Tampa, FL 2.0 2.0 1087 $4,196 $3.86 0d 1 1.00mi
617 N 12th St Unit 1312555P Tampa, FL 2.0 1.0–2.0 995 $6,615 $6.65 4d 2 1.02mi
1011 E Cumberland Ave Tampa, FL 3.0 1.0–3.0 1043 $5,491 $5.26 0d 27 1.04mi
1120 E Twiggs St Tampa, FL 1.0–3.0 1.0–2.0 1134 $2,735 $2.41 0d 34 1.05mi
815 Water St Tampa, FL 1.0–3.0 1.0–3.5 1299 $7,940 $6.11 0d 42 1.05mi
1000 Water St #1201 Tampa, FL 2.0 2.5 2050 $16,000 $7.80 15d 1 1.09mi
1050 Water St Tampa, FL 2.0 1.0–2.0 855 $9,848 $11.51 0d 39 1.10mi
1000 Water St #2202 Tampa, FL 2.0 2.5 1868 $16,000 $8.57 2d 1 1.11mi
E 2nd Ave Tampa, FL 2.0 2.0 1108 $4,515 $4.07 25d 2 1.11mi
2312 E 8th Ave Tampa, FL 3.0 2.0 1420 $2,500 $1.76 12d 1 1.11mi
821 Normandy Trace Rd Tampa, FL 2.0 2.0 1068 $3,100 $2.90 25d 1 1.15mi
500 Knights Run Ave Tampa, FL 2.0 1.0–2.0 942 $5,192 $5.51 0d 18 1.18mi
869 Normandy Trace Rd Unit 869 Tampa, FL 2.0 2.0 1068 $3,250 $3.04 18d 1 1.18mi
800 Harbour Post Dr Tampa, FL 3.0 1.0–2.0 1001 $3,617 $3.61 0d 29 1.21mi
2312 E 10th Ave Tampa, FL 3.0 1.0 1520 $2,400 $1.58 18d 1 1.21mi
501 Knights Run Ave Tampa, FL 1.0–2.0 1.0–2.0 1014 $3,300 $3.25 5d 2 1.21mi

Listing history 25 events

  1. 2026-04-24
    status Pending
  2. 2026-04-16
    listed $319,900 Active
  3. 2025-12-06
    status Pending
  4. 2025-10-30
    status Active
  5. 2025-07-28
    status Pending
  6. 2025-07-17
    status Active
  7. 2025-06-09
    status Pending
  8. 2025-05-28
    status Active
  9. 2025-05-26
    status Pending
  10. 2025-05-21
    listed $359,900 Active
  11. 2020-07-09
    soldstatus $147,900
  12. 2020-06-26
    soldstatus $147,900 Sold 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  13. 2020-05-07
    status Pending 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  14. 2020-05-02
    status Active 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  15. 2020-04-10
    status Pending 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  16. 2020-04-06
    status Pending 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  17. 2020-04-06
    historical 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  18. 2020-04-06
    historical 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  19. 2020-04-05
    listed $149,900 Active 1306-char remark
    Show marketing remark (1306 chars)

    This property is a great opportunity for the investor of someone who wants to live there and have additional income. This Apartment/duplex has two units. The upstairs unit is currently vacant and available to move in or rent. Owners have been getting $950 per month. for the upstairs 3 bedroom 2 bathroom unit and $750 for the 2 bedroom 2 bathroom unit downstairs. The long term tenant is currently on a month to month lease but would be happy to stay a sign another long term one. The property has been updated with a brand new roof currently under warranty. It also has been painted inside and out. The upstairs unit has been totally renovated new bathrooms new flooring new kitchen with a stainless steel refrigerator. There is an outside washer and dryer unit for the upstairs unit and there are water and dryer units inside in the down stairs unit. The property has a patio upstairs as well as one downstairs. The patio downstairs has an outdoor kitchen fire pit. The property is located one block from the water and 2 blocks from Desoto Park. Desoto park has play grounds, basket ball courts and a community pool. This area is great! Just a walk away from bus lines IKEA and downtown Ybor City. The area is up and coming so don't miss out on this great opportunity to own this exceptional property.

  20. 2007-01-04
    soldstatus $225,000
  21. 2005-01-05
    soldstatus $75,000
  22. 2004-12-07
    soldstatus $60,000
  23. 2004-12-03
    soldstatus $60,000
  24. 2004-11-08
    listed $63,900
  25. 1997-12-30
    soldstatus $40,000

ⓘ 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
$3,773 · $314/mo
Projected year-2 tax
$3,773 · $314/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 d/yr by 30 yrs out
  • 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$40,812
− Mortgage interest
−$17,919
− Property taxes
−$3,773
− Insurance
−$6,718
− Repairs & maintenance
−$3,265
− Management
−$3,265
− Depreciation
−$9,306
Taxable loss
−$3,435
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$824
After-tax cash flow
$2,444/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)
16,030
Household income
$36,975
Rent vs Own
59.8% rent · 40.2% own
Severe rent burden
1374.0

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 0.66)
Race & ethnicity
Black 48% Hispanic / Latino 28% Two or more races 18% White 17% Asian 1%
Hispanic origin (detail)
Mexican 6% Puerto Rican 8% Cuban 6% Dominican 1%
Common ancestry
Hispanic 2% Romanian 1% Lithuanian 1%
Foreign-born
17% · Canada, Vietnam, Jamaica
Languages at home
72% English-only · Spanish 24% French/Haitian/Cajun 3% Other Asian/Pacific 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
▲ 17.43%
Current HPI
494.1871
Rent YoY
▲ 0.58%
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

Price history

+699.8% since first listed
25 events — show timeline
  • 2026-04-24 Pending Stellar MLS as Distributed by MLS Grid
  • 2026-04-16 Listed $319,900 Stellar MLS as Distributed by MLS Grid
  • 2025-12-06 Pending Stellar MLS as Distributed by MLS Grid
  • 2025-10-30 Relisted Stellar MLS as Distributed by MLS Grid
  • 2025-07-28 Pending Stellar MLS as Distributed by MLS Grid
  • 2025-07-17 Relisted Stellar MLS as Distributed by MLS Grid
  • 2025-06-09 Pending Stellar MLS as Distributed by MLS Grid
  • 2025-05-28 Relisted Stellar MLS as Distributed by MLS Grid
  • 2025-05-26 Pending Stellar MLS as Distributed by MLS Grid
  • 2025-05-21 Listed $359,900 Stellar MLS as Distributed by MLS Grid
  • 2020-07-09 Sold (Public Records) $147,900 Public Records
  • 2020-06-26 Sold (MLS) $147,900 Stellar MLS as Distributed by MLS Grid
  • 2020-05-07 Pending Stellar MLS as Distributed by MLS Grid
  • 2020-05-02 Relisted Stellar MLS as Distributed by MLS Grid
  • 2020-04-10 Pending Stellar MLS as Distributed by MLS Grid
  • 2020-04-06 Pending Stellar MLS as Distributed by MLS Grid
  • 2020-04-06 Listing Removed Stellar MLS as Distributed by MLS Grid
  • 2020-04-06 Listing Removed Stellar MLS as Distributed by MLS Grid
  • 2020-04-05 Listed $149,900 Stellar MLS as Distributed by MLS Grid
  • 2007-01-04 Sold (Public Records) $225,000 Public Records
  • 2005-01-05 Sold (Public Records) $75,000 Public Records
  • 2004-12-07 Sold (Public Records) $60,000 Public Records
  • 2004-12-03 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
  • 2004-11-08 Listed $63,900 Stellar MLS as Distributed by MLS Grid
  • 1997-12-30 Sold (Public Records) $40,000 Public Records

Property tax history

+19.3%/yr

Latest (2025): $3,773 · +11.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…