1406 E Louisiana Ave · Tampa, FL 33603

$129,999

2 bd · 1.0 ba · 1,042 sqft · SingleFamily public records · 14 Days on market

Built 1926 4,875 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

One or more photo(s) has been virtually staged. Opportunity awaits in this centrally located Tampa property with convenient access to downtown, major highways, dining, shopping, and local attractions. This home offers a functional layout and solid potential for buyers looking to renovate, update, or customize to their vision. Spacious living areas and a sizable yard provide a strong foundation for improvement and added value. Ideal for investors, renovators, or buyers seeking a project in an established neighborhood with continued growth and redevelopment nearby.

Key facts

• Sizable yard
• Strong foundation
• Centrally located

Tags

• CENTRALLY LOCATED
• CONVENIENT ACCESS
• FUNCTIONAL LAYOUT
• SIZABLE YARD
• STRONG FOUNDATION
• ESTABLISHED NEIGHBORHOOD

Property features AI

Finance

• Other: Lot size about 0.11 acre
• HOA & community: No association; Pets allowed

Exterior

• Utilities: Water source: see remarks; Sewer: other; Other utilities
• Home design: Single family residence; Residential property; One story; Facing east; Zoned SH-RS; Entry level: One
• Construction: Shingle roof; Other construction materials; Slab foundation; Built as a single-story structure
• Exterior features: Private mailbox; Asphalt road access

Interior

• Kitchen: Other appliances
• Bedrooms: 2 bedrooms
• Flooring: Tile flooring; Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Other cooling
• Interior features: Other interior features; 6 total rooms
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $673 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).

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: 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.
• Zoned schools: Middleton High School (math 23% / reading 51%, grade F, #340 of 667 statewide, top 52%, 1,511 students, 57% FRL).
• Market conditions: Rents soft (-1.3%/yr); 212 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 34% of the median local income ($74k/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 $899 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 + 0.0% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 20y 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: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $129,999

Questions for the listing agent

1. Built in 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.61% ✓
• Cap rate: 12.50%
• Cash-on-cash: 22.18%
• DSCR: 1.99
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 11.3%
• Equity multiple: 1.43×
• Total profit: $15,739
• Equity at exit: $19,383

10-year hold

• IRR: 17.7%
• Equity multiple: 2.25×
• Total profit: $45,552
• Equity at exit: $11,240

Cash invested: $36,400 (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 33603

• Rents YoY: -1.3%
• Active inventory: 212
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $2,088 high
• Mortgage (P&I): −$682
• Tax from tax record: −$241 /mo · $2,888/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$438
• Net cashflow: $673

Break-even live

Break-even rent $1,236

Max offer price $129,999

Occupancy floor 63%

Sensitivity live

Price	-10% $746	-5% $709	+0% $673	+5% $636	+10% $599
Rent	-10% $508	-5% $590	+0% $673	+5% $755	+10% $838
Rate	-1.0pp $738	-0.5pp $706	base $673	+0.5pp $639	+1.0pp $605

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1517 E Ellicott St Tampa, FL	3.0	2.0	1292	$2,225	$1.72	18d	1	0.18mi
1501 E Palifox St Tampa, FL	3.0	2.0	1248	$1,750	$1.40	15d	1	0.21mi
1202 E Caracas St Tampa, FL	3.0	3.0	1224	$2,595	$2.12	25d	1	0.23mi
1711 E New Orleans Ave Tampa, FL	3.0	2.0	1136	$2,250	$1.98	21d	1	0.25mi
1301 E Cayuga St Tampa, FL	3.0	1.5	1216	$2,200	$1.81	25d	1	0.25mi
1517 E Giddens Ave Tampa, FL	2.0	2.0	792	$1,850	$2.34	25d	1	0.36mi
4207 N 13th St Unit A Tampa, FL	2.0	2.0	832	$2,150	$2.58	25d	1	0.42mi
902 E Curtis St Unit 1 Tampa, FL	2.0	2.0	1325	$3,200	$2.42	19d	1	0.44mi
1709 E Chelsea St Unit F Tampa, FL	2.0	1.0	1041	$1,625	$1.56	25d	1	0.46mi
1602 E North Bay St Tampa, FL	3.0	2.0	1200	$2,100	$1.75	25d	1	0.47mi
1215 E Mohawk Ave Tampa, FL	2.0	1.0	840	$1,800	$2.14	12d	1	0.50mi
1212 E Mohawk Ave Tampa, FL	3.0	1.0	1266	$1,995	$1.58	21d	1	0.53mi
816 E Frierson Ave Tampa, FL	3.0	1.0	864	$2,250	$2.60	25d	1	0.57mi
806 E Chelsea St Unit 4 Tampa, FL	2.0	1.0	850	$1,790	$2.11	25d	1	0.62mi
806 E Chelsea St Unit 3 Tampa, FL	1.0	1.0	850	$1,690	$1.99	25d	1	0.62mi
1610 E Powhatan Ave Tampa, FL	3.0	2.0	1188	$3,250	$2.74	25d	1	0.65mi
1504 E 33rd Ave Tampa, FL	3.0	2.0	1108	$2,900	$2.62	25d	1	0.65mi
807 E Genesee St Unit 1/2 Tampa, FL	3.0	2.0	1414	$2,400	$1.70	23d	1	0.65mi
807 E Genesee St Tampa, FL	3.0	2.0	1414	$2,400	$1.70	21d	1	0.65mi
4905 N Central Ave Unit 1 Tampa, FL	1.0	1.0	705	$1,245	$1.77	0d	1	0.68mi
4905 N Central Ave Unit 1 Tampa, FL	1.0	1.0	705	$1,295	$1.84	23d	1	0.68mi
1305 E Louise Ave Tampa, FL	3.0	2.0	1384	$2,700	$1.95	25d	1	0.75mi
5541 N 22nd St Tampa, FL	1.0–2.0	1.0–2.0	798	$1,950	$2.44	0d	27	0.77mi
1515 E 31st Ave Tampa, FL	2.0	1.0	914	$1,500	$1.64	6d	1	0.81mi
2007 E Henry Ave Tampa, FL	2.0	2.0	1278	$2,250	$1.76	25d	1	0.81mi
2402 E Doctor Martin Luther King Junior Blvd Tampa, FL	2.0	1.0	710	$1,699	$2.39	25d	1	0.91mi
2016 E Clifton St Unit A Tampa, FL	3.0	2.0	1250	$2,249	$1.80	25d	1	0.91mi
3519 N 10th St Tampa, FL	3.0	2.0	1200	$1,850	$1.54	19d	1	0.92mi
4713 1/2 N Florida Ave Apt A Tampa, FL	1.0	1.0	720	$1,800	$2.50	18d	1	0.94mi
3511 Cone Ct Tampa, FL	3.0	2.0	1256	$2,200	$1.75	6d	1	0.95mi
1605 E 29th Ave Tampa, FL	3.0	1.0	870	$1,800	$2.07	21d	1	0.95mi
4513 N Florida Ave Tampa, FL	2.0	1.0	887	$2,299	$2.59	3d	6	0.95mi
1419 E Jean St Tampa, FL	2.0	2.0	1366	$2,199	$1.61	25d	1	0.97mi
1105 E 28th Ave Tampa, FL	3.0	1.0	744	$1,525	$2.05	6d	1	1.00mi
102 W Emma St Unit 1271942P Tampa, FL	2.0	2.0	775	$3,311	$4.27	0d	1	1.02mi
3411 N 13th St Tampa, FL	3.0	2.0	978	$1,895	$1.94	25d	1	1.02mi
809 E Baker St Unit A Tampa, FL	3.0	1.0	1083	$2,200	$2.03	25d	1	1.03mi
309 E Selma Ave Tampa, FL	3.0	2.0	1170	$3,095	$2.65	6d	1	1.03mi
103 E Mohawk Ave Unit B Tampa, FL	1.0	1.0	980	$1,300	$1.33	4d	1	1.03mi
5236 N Florida Ave Tampa, FL	1.0	1.0	645	$2,125	$3.29	6d	4	1.04mi

Listing history 21 events

1. 2026-06-13
   statusdays on market $129,999 Pending 14 DOM
2. 2026-06-09
   days on market $129,999 Active 12 DOM
3. 2026-06-08
   days on market $129,999 Active 11 DOM
4. 2026-06-07
   days on market $129,999 Active 10 DOM
5. 2026-06-04
   days on market $129,999 Active 7 DOM
6. 2026-06-03
   days on market $129,999 Active 6 DOM
7. 2026-06-02
   days on market $129,999 Active 5 DOM
8. 2026-06-01
   days on market $129,999 Active 4 DOM
9. 2026-05-31
   days on market $129,999 Active 3 DOM
10. 2026-05-29
    listed $129,999 Active
11. 2022-11-15
    soldstatus $5,322,135
12. 2007-10-22
    listed $125,000
13. 2007-04-20
    historical
14. 2007-04-19
    soldstatus $145,500
15. 2007-04-04
    listed $229,000
16. 2007-01-03
    soldstatus $105,000
17. 2006-11-01
    listed $110,250
18. 2005-04-12
    soldstatus $130,000
19. 2004-02-16
    soldstatus $100,000
20. 2001-09-07
    soldstatus $59,500
21. 1983-07-01
    soldstatus $25,000

ⓘ 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: $2,888 · $241/mo
• Projected year-2 tax: $2,888 · $241/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 23 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: $25,052
• − Mortgage interest: −$7,282
• − Property taxes: −$2,888
• − Insurance: −$650
• − Repairs & maintenance: −$2,004
• − Management: −$2,004
• − Depreciation: −$3,782
• Taxable income: $6,442
• Est. tax owed @ 24.0%: −$1,546
• After-tax cash flow: $6,526/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): 19,869
• Household income: $74,081
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 800.0

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 0.67)
• Race & ethnicity: White 44% Hispanic / Latino 33% Two or more races 22% Black 17%
• Hispanic origin (detail): Mexican 1% Puerto Rican 7% Cuban 15% Dominican 1%
• Common ancestry: Italian 3% Romanian 2% Slovak 2%
• Foreign-born: 18% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 25%

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: ▼ -256.57%
• Current HPI: 467.4179
• Rent YoY: ▼ -1.33%
• 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

+420.0% since first listed

12 events — show timeline

• 2026-05-29 Listed $129,999 Stellar MLS as Distributed by MLS Grid
• 2022-11-15 Sold (Public Records) $5,322,135 Public Records
• 2007-10-22 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2007-04-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-04-19 Sold (Public Records) $145,500 Public Records
• 2007-04-04 Listed $229,000 Stellar MLS as Distributed by MLS Grid
• 2007-01-03 Sold (MLS) $105,000 Stellar MLS as Distributed by MLS Grid
• 2006-11-01 Listed $110,250 Stellar MLS as Distributed by MLS Grid
• 2005-04-12 Sold (Public Records) $130,000 Public Records
• 2004-02-16 Sold (Public Records) $100,000 Public Records
• 2001-09-07 Sold (Public Records) $59,500 Public Records
• 1983-07-01 Sold (Public Records) $25,000 Public Records

Property tax history

+15.8%/yr

Latest (2025): $2,888 · +7.7% YoY. Source: county tax records.