1301 N 26th Ave · Tampa, FL 33605

$215,000

2 bd · 1.0 ba · 936 sqft · SingleFamily · 16 Days on market

Built 1949 Fair condition 4,830 sqft lot

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Why this score? — see what drove the C- 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 +13.6/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• DSCR +4.1/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• Rent growth +2.6/5.0
• Condition / age +2.2/5.0

Listing remarks

Welcome to this charming bungalow-style corner home located in one of Tampa’s fastest-growing areas. This property features soaring ceilings, a spacious fenced backyard with extended parking, and a brand-new 2025 metal roof. Currently tenant-occupied with a Section 8 lease at $1,500/month through September 2026, offering immediate cash flow with flexibility for the new owner to renew, increase rents, or explore other opportunities including Airbnb. No HOA, no CDD, and no flood zone. Conveniently located 2 miles from Downtown Tampa, Ybor, Riverwalk, Armature Works, I-4, I-275, and the new Gasworx development. Whether you’re an investor or future homeowner, this is a prime opportu

Key facts

• Corner home
• Extended parking
• Bungalow style

Tags

• BUNGALOW STYLE
• CORNER HOME
• FENCED BACKYARD
• EXTENDED PARKING
• BRAND NEW METAL ROOF
• NO HOA

Property features AI

Finance

• Other: Zoned RS-50; Lot approximately 0.11 acres (46 x 105); Total rooms: 5; Unfurnished; Living area about 936 (public records); Universal property ID available
• HOA & community: No association

Exterior

• Utilities: Public sewer; Electricity connected; Cable available; BB/HS internet available; Sewer connected; No water source specified
• Home design: Single family residence; One story; Faces north; Entry level: One
• Construction: Vinyl siding with frame construction; Metal roof; Crawlspace foundation; Built with approximately 1,128 total building area
• Exterior features: Private mailbox; Asphalt and concrete road access

Interior

• Kitchen: Convection oven; Cooktop; Freezer; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; High ceilings; Programmable thermostat
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $215k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $11 ($127/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 $189k (11.9% below list).
• Recommended offer: $189k (11.9% 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; 190 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 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 $1,894/mo this rent would consume 61% 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 $23k of equity ($1k loan paydown + $22k 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 $60k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $189,413 (11.9% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1949 — 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. 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: 0.88% ✗
• Cap rate: 6.35%
• Cash-on-cash: 0.21%
• DSCR: 1.01
• GRM: 9.5

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: 23.6%
• Equity multiple: 2.88×
• Total profit: $113,292
• Equity at exit: $193,689

10-year hold

• IRR: 20.4%
• Equity multiple: 6.40×
• Total profit: $324,889
• Equity at exit: $417,698

Cash invested: $60,200 (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 33605

• Home prices YoY: 3.7%
• Rents YoY: 0.6%
• Active inventory: 190
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,894 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $11

Break-even live

Break-even rent $1,881

Max offer price $215,000

Occupancy floor 94%

Sensitivity live

Price	-10% $159	-5% $85	+0% $11	+5% $-64	+10% $-138
Rent	-10% $-139	-5% $-64	+0% $11	+5% $85	+10% $160
Rate	-1.0pp $119	-0.5pp $65	base $11	+0.5pp $-45	+1.0pp $-102

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2409 E 2nd Ave Tampa, FL	2.0	1.0–2.0	882	$2,787	$3.16	0d	20	0.11mi
2312 E 9th Ave Tampa, FL	3.0	2.0	1008	$2,200	$2.18	25d	1	0.37mi
2610 Durham St Tampa, FL	1.0	1.0	701	$1,250	$1.78	21d	1	0.41mi
2610 Durham St Apt B Tampa, FL	1.0	1.0	701	$1,250	$1.78	25d	1	0.41mi
2610 Durham St Apt B Tampa, FL	2.0	1.0	1088	$1,250	$1.15	15d	1	0.41mi
2608 Durham St Unit B Tampa, FL	3.0	1.0	848	$1,600	$1.89	25d	1	0.42mi
2002 E 5th Ave Tampa, FL	2.0	2.0	1064	$1,795	$1.69	5d	1	0.43mi
2403 Durham St Unit 1 Tampa, FL	1.0	1.0	702	$1,195	$1.70	15d	1	0.46mi
2403 Durham St Tampa, FL	2.0	1.0	702	$1,195	$1.70	4d	1	0.46mi
1817 E 4th Ave Tampa, FL	2.0	1.0	900	$2,400	$2.67	5d	1	0.53mi
2406 E Clark St Unit B Tampa, FL	1.0	1.0	785	$1,325	$1.69	22d	1	0.53mi
2406 E Clark St Unit B Tampa, FL	1.0	1.0	785	$1,325	$1.69	25d	1	0.53mi
2406 E Clark St Unit A Tampa, FL	1.0	1.0	785	$1,325	$1.69	13d	1	0.53mi
2010 E Palm Ave #14221 Tampa, FL	1.0	1.0	675	$1,750	$2.59	25d	1	0.57mi
1910 E Palm Ave Tampa, FL	1.0	1.0	665	$1,712	$2.58	5d	2	0.62mi
2308 E 15th Ave Tampa, FL	3.0	1.0	936	$1,895	$2.02	15d	1	0.66mi
2019 Corrine St Tampa, FL	2.0	1.0	900	$1,695	$1.88	25d	1	0.66mi
1510 N 17th St Unit 1C Tampa, FL	2.0	2.0	795	$1,900	$2.39	25d	1	0.67mi
1810 E Palm Ave #5304 Tampa, FL	1.0	1.0	867	$1,595	$1.84	5d	1	0.67mi
2506 E Columbus Dr Tampa, FL	2.0	1.0	796	$1,950	$2.45	18d	1	0.69mi
2407 E 17th Ave Tampa, FL	3.0	2.0	810	$1,650	$2.04	25d	1	0.73mi
2407 E 17th Ave Apt A Tampa, FL	3.0	2.0	810	$1,595	$1.97	11d	1	0.73mi
2407 E 17th Ave Apt A Tampa, FL	3.0	2.0	810	$1,650	$2.04	15d	1	0.73mi
2407 E 17th Ave Tampa, FL	3.0	2.0	810	$1,595	$1.97	0d	1	0.73mi
2407 E 17th Ave Tampa, FL	3.0	2.0	810	$1,650	$2.04	22d	1	0.73mi
2407 E 17th Ave Unit B Tampa, FL	3.0	2.0	810	$1,650	$2.04	18d	1	0.73mi
2104 E Columbus Dr Unit 301 Tampa, FL	3.0	2.0	1083	$2,050	$1.89	25d	1	0.76mi
2006 E Columbus Dr Unit A Tampa, FL	2.0	1.0	896	$1,495	$1.67	2d	1	0.79mi
3101 E 18th Ave Tampa, FL	3.0	1.0	1050	$1,750	$1.67	4d	1	0.80mi
2401 Gordon St Unit 1271931P Tampa, FL	2.0	1.0	914	$2,820	$3.09	25d	1	0.84mi
2401 Gordon St Unit 1271941P Tampa, FL	2.0	1.0	914	$2,906	$3.18	5d	1	0.84mi
701 S 26th St Unit A Tampa, FL	1.0	1.0	882	$1,600	$1.81	25d	1	0.89mi
1716 E Columbus Dr Unit A Tampa, FL	2.0	1.0	924	$1,800	$1.95	25d	1	0.91mi
E 2nd Ave Tampa, FL	2.0	2.0	1108	$4,515	$4.07	25d	2	0.95mi
1607 E 18th Ave Tampa, FL	2.0	1.0	869	$2,600	$2.99	13d	1	1.03mi
1722 Nick Nuccio Pkwy Tampa, FL	1.0	1.0	704	$2,200	$3.12	0d	1	1.04mi
617 N 12th St Unit 1312524P Tampa, FL	1.0	1.0	796	$4,027	$5.06	15d	1	1.05mi
617 N 12th St Unit 1312555P Tampa, FL	2.0	1.0–2.0	995	$6,615	$6.65	4d	2	1.05mi
1720 Nick Nuccio Pkwy Tampa, FL	3.0	1.0–3.0	955	$3,170	$3.32	25d	40	1.06mi
2909 N 17th St Tampa, FL	2.0	1.0	750	$1,350	$1.80	22d	1	1.06mi

Listing history 12 events

1. 2026-06-17
   days on market $215,000 Active 16 DOM
2. 2026-06-16
   days on market $215,000 Active 15 DOM
3. 2026-06-15
   days on market $215,000 Active 14 DOM
4. 2026-06-13
   days on market $215,000 Active 12 DOM
5. 2026-06-13
   days on market $215,000 Active 11 DOM
6. 2026-06-09
   days on market $215,000 Active 8 DOM
7. 2026-06-08
   days on market $215,000 Active 7 DOM
8. 2026-06-07
   days on market $215,000 Active 6 DOM
9. 2026-06-04
   days on market $215,000 Active 3 DOM
10. 2026-06-03
    days on market $215,000 Active 2 DOM
11. 2026-06-02
    remarks 687-char remark
12. 2026-06-02
    listed $215,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,730
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,818
• − Management: −$1,818
• − Depreciation: −$6,255
• Taxable loss: −$3,505
• Est. tax savings @ 24.0%: +$841
• After-tax cash flow: $968/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This bungalow-style home requires moderate renovations to bring it up to date and increase its value. The exterior and interior need fresh paint, new appliances, and updated fixtures to modernize the space and enhance its curb appeal.

Repairs flagged

• Major Kitchen appliances — Older and outdated
• Major Bathroom fixtures — Older and outdated
• Major Flooring — Older and dated tile
• Major Paint — Worn and outdated paint

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace kitchen appliances — Modernizes the space and increases value
• Both Replace bathroom fixtures — Modernizes the space and increases value
• Both Replace flooring — Modernizes the space and increases value
• Both Landscaping — Enhances curb appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen appliances · Older and outdated	Major	$15,000–50,000
Bathroom fixtures · Older and outdated	Major	$15,000–50,000
Flooring · Older and dated tile	Major	$15,000–50,000
Paint · Worn and outdated paint	Major	$15,000–50,000
Total estimated repair cost · 4 items		$60,000–200,000

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace kitchen appliances — Modernizes the space and increases value ↑
• Both Replace bathroom fixtures — Modernizes the space and increases value ↑
• Both Replace flooring — Modernizes the space and increases value ↑
• Both Landscaping — Enhances curb appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

1 event — show timeline

• 2026-06-01 Listed $215,000 Stellar MLS as Distributed by MLS Grid