4501 E 24th Ave · Tampa, FL 33605

$225,000

1 bd · 1.0 ba · 851 sqft · SingleFamily public records · 1 Days on market

Built 1961 6,930 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).

• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +1.7/10.0
• DSCR +1.7/10.0

Listing remarks

Investor Special in Tampa! Opportunity awaits with this 3 bedroom, 1 bath home situated on a spacious lot in an established Tampa neighborhood. Whether you're looking for your next fix-and-flip project, rental investment, or redevelopment opportunity, this property offers tremendous potential. Conveniently located near major roadways, shopping, dining, and downtown Tampa. Property is being sold as-is. Cash or renovation financing recommended. Bring your vision and unlock the possibilities!

Key facts

• 6,930 sq ft lot
• Parking
• Built 1961

Property features AI

Finance

• Other: Homestead exempt; Unfurnished
• HOA & community: No HOA association

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; South-facing
• Construction: Block and concrete construction; Shingle roof; Slab foundation; Built on a lot of about 0.16 acres
• Exterior features: Asphalt road frontage; Lot dimensions approximately 63 x 110

Interior

• Kitchen: Range
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-273 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (21.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $151k (32.8% below list).
• Recommended offer: $151k (32.8% 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; 187 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $1,512/mo this rent would consume 49% 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 $24k of equity ($2k 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.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,171 (32.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1961 — 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: 0.67% ✗
• Cap rate: 4.84%
• Cash-on-cash: -5.20%
• DSCR: 0.77
• GRM: 12.4

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: 20.0%
• Equity multiple: 2.61×
• Total profit: $101,530
• Equity at exit: $202,698

10-year hold

• IRR: 17.8%
• Equity multiple: 5.86×
• Total profit: $306,004
• Equity at exit: $437,126

Cash invested: $63,000 (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 33605

• Home prices YoY: 3.7%
• Rents YoY: 0.6%
• Active inventory: 187
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $1,512 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$194 /mo · $2,323/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $-273

Break-even live

Break-even rent $1,857

Max offer price $176,779

Occupancy floor —

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2925 N 46th St Unit B Tampa, FL	2.0	1.0	1120	$1,103	$0.98	24d	1	0.20mi
3421 N Whittier St Apt B Tampa, FL	2.0	1.0	729	$1,700	$2.33	4d	1	0.56mi
5106 E Columbus Dr Unit A Tampa, FL	1.0	1.0	750	$1,525	$2.03	21d	1	0.63mi
3405 N 34th St Unit C Tampa, FL	1.0	1.0	600	$795	$1.32	2d	1	0.93mi
4811 E Curtis St Tampa, FL	1.0	1.0	891	$797	$0.89	24d	1	1.08mi
3408 E Doctor Martin Luther King Junior Blvd Apt 3 Tampa, FL	2.0	1.0	654	$1,625	$2.48	24d	1	1.09mi
3408 E Doctor Martin Luther King Junior Blvd Unit 8 Tampa, FL	2.0	1.0	654	$1,495	$2.29	20d	1	1.09mi
3408 E Doctor Martin Luther King Junior Blvd Unit 5 Tampa, FL	2.0	1.0	654	$1,595	$2.44	14d	1	1.09mi
3408 E Doctor Martin Luther King Junior Blvd Unit 4 Tampa, FL	2.0	1.0	654	$1,575	$2.41	24d	1	1.09mi
3408 E Doctor Martin Luther King Junior Blvd Unit 8 Tampa, FL	2.0	1.0	654	$1,495	$2.29	16d	1	1.09mi
2610 N 59th St Unit C Tampa, FL	2.0	1.0	560	$1,200	$2.14	24d	1	1.23mi
3910 E Ellicott St Tampa, FL	2.0	1.0	950	$1,800	$1.89	24d	1	1.33mi
3612 E Osborne Ave Unit A Tampa, FL	2.0	1.0	576	$1,600	$2.78	24d	1	1.35mi
5204 N 45th St Apt B Tampa, FL	2.0	1.0	702	$1,350	$1.92	24d	1	1.48mi

Listing history 2 events

1. 2026-06-18
   remarks 494-char remark
2. 2026-06-18
   listed $225,000 Active 1 DOM

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,323 · $194/mo
• Projected year-2 tax: $2,323 · $194/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 · 26 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: $18,141
• − Mortgage interest: −$12,603
• − Property taxes: −$2,323
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,451
• − Management: −$1,451
• − Depreciation: −$6,545
• Taxable loss: −$7,358
• Est. tax savings @ 24.0%: +$1,766
• After-tax cash flow: $-1,510/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
▸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

• 2026-06-18 Listed $225,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+32.7%/yr

Latest (2025): $2,323 · +5.2% YoY. Source: county tax records.