1112 W Madison St · Plant City, FL 33563

$165,000

3 bd · 1.0 ba · 925 sqft · SingleFamily public records · 99 Days on market

Built 1930 6,250 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 +25.4/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Schools +4.2/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * * CUTE BUNGALOW WITH LARGE BACK YARD * * * Lots of Florida charm with a large front porch. Great room floor plan with living and dining rooms combo. 3 bedrooms with 2 full bathrooms. Open kitchen allows for small breakfast table. Large back yard. Easy access to all the main roads and stores. Great for investors as it is ready to move in.

Key facts

• New ceiling fans
• Refreshed bathroom
• Renovated kitchen

Tags

• LARGE COVERED FRONT PORCH
• RENOVATED KITCHEN
• UPDATED WOOD FLOORING
• REFRESHED BATHROOM
• BRAND-NEW CARPET
• NEW CEILING FANS

Property features AI

Finance

• Other: Homestead exempt; Zoned R-2
• HOA & community: No HOA association indicated; Pets allowed

Exterior

• Parking: Other parking
• Utilities: Public water; Public sewer; Cable available; Broadband/high-speed internet available
• Home design: Single-family residence; One story; South-facing
• Construction: Stucco exterior; Shingle roof; Crawlspace foundation; Built on lot of approximately 0.14 acre
• Exterior features: Covered front and rear porches; Exterior lighting; Private mailbox; Rain gutters; Shed(s) and storage; Landscaped yard; Paved road frontage

Interior

• Kitchen: Range; Microwave; Refrigerator; Dishwasher
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Other
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Great room
• Laundry & utility: Washer; Dryer; Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $-46 ($-555/yr) — negative.
• To cash-flow at today's rent, offer at most $157k (5.0% below list).
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $150k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 76/100 on livability (#227 in FL, #3,587 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: employment C-, schools D+, commute F.
• 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 soft (-0.6%/yr); 181 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 ($60k/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 $1k of loan paydown is wiped out by about $5k 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 99 days — a 9% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y ago; this cycle's ask has dropped $74k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $165k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1930 — 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,150 (9.0% 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. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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.
9. 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.
10. 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: 1.04% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.88%
• DSCR: 1.44
• GRM: 8.0

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: -22.4%
• Equity multiple: 0.25×
• Total profit: $-34,539
• Equity at exit: $24,602

10-year hold

• IRR: -30.4%
• Equity multiple: -0.14×
• Total profit: $-52,595
• Equity at exit: $14,266

Cash invested: $46,200 (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 33563

• Home prices YoY: -23.2%
• Rents YoY: -0.6%
• Active inventory: 181
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,721 high
• Mortgage (P&I): −$865
• Tax from tax record: −$46 /mo · $546/yr
• Insurance: −$69
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $-46

Break-even live

Break-even rent $1,780

Max offer price $156,828

Occupancy floor 98%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
809 1/2 W Warren St Plant City, FL	3.0	2.0	947	$1,650	$1.74	24d	1	0.19mi
111 Pearl St Plant City, FL	2.0	1.0	850	$1,500	$1.76	24d	1	0.34mi
501 W Ball St Unit 609-02 Plant City, FL	2.0	1.0	780	$1,499	$1.92	4d	1	0.43mi
501 W Ball St Unit 705-13 Plant City, FL	2.0	1.0	780	$1,499	$1.92	22d	1	0.43mi
501 W Ball St Unit War814 Plant City, FL	2.0	1.0	614	$1,499	$2.44	11d	1	0.43mi
501 W Ball St Unit Bal12135 Plant City, FL	2.0	1.0	624	$1,499	$2.40	24d	1	0.43mi
507 W Baker St Plant City, FL	2.0	1.0	1000	$1,199	$1.20	24d	1	0.57mi
603 N Dort St Unit 1106-E Plant City, FL	2.0	1.5	1100	$1,699	$1.54	24d	1	0.67mi
603 N Dort St Plant City, FL	1.0–2.0	1.0–2.0	975	$1,699	$1.74	2d	11	0.67mi
603 N Dort St Unit 1306-2B Plant City, FL	2.0	1.0	900	$1,449	$1.61	22d	1	0.67mi
603 N Dort St Unit 1106-H Plant City, FL	2.0	1.5	1100	$1,699	$1.54	15d	1	0.67mi
113 S Collins St Apt 2 Plant City, FL	2.0	1.0	850	$1,400	$1.65	24d	1	0.68mi
305 W Grant St Plant City, FL	2.0–3.0	2.0	973	$1,650	$1.69	5d	2	0.73mi
1802 W House St Unit B Plant City, FL	2.0	1.0	800	$1,640	$2.05	5d	1	0.81mi
1001 Jenkins St Unit A Plant City, FL	2.0	1.0	1000	$2,050	$2.05	24d	1	1.13mi
1309 N Franklin St Plant City, FL	2.0	2.0	1042	$1,750	$1.68	5d	1	1.20mi
24 Euclid Dr Plant City, FL	2.0	1.0	704	$1,500	$2.13	22d	1	1.30mi
1321 E Alabama St Plant City, FL	3.0	1.0	1008	$1,500	$1.49	24d	1	1.31mi
1408 Spencer Ct Apt A Plant City, FL	2.0	1.0	754	$1,200	$1.59	24d	1	1.33mi
2302 Maki Rd Plant City, FL	2.0	1.5–2.0	1123	$1,522	$1.36	24d	3	1.37mi
2302 Maki Rd Plant City, FL	2.0	1.5	908	$1,550	$1.71	16d	2	1.37mi
1211 Goldfinch Dr Plant City, FL	1.0–2.0	1.0	770	$1,614	$2.10	2d	12	1.42mi

Listing history 25 events

1. 2026-06-13
   days on market $165,000 Pending 99 DOM
2. 2026-06-07
   statusdays on market $165,000 Pending 98 DOM
3. 2026-06-04
   days on market $165,000 Active 97 DOM
4. 2026-06-03
   days on market $165,000 Active 96 DOM
5. 2026-06-02
   days on market $165,000 Active 95 DOM
6. 2026-06-01
   days on market $165,000 Active 94 DOM
7. 2026-05-31
   days on market $165,000 Active 93 DOM
8. 2026-05-12
   status Pending
9. 2026-05-06
   status Active
10. 2026-05-06
    price $165,000
11. 2026-04-09
    status Pending
12. 2026-03-24
    status Active
13. 2026-03-23
    status Pending
14. 2026-03-11
    price $199,000
15. 2026-02-27
    price $221,000
16. 2026-02-27
    status Active
17. 2026-02-27
    status Pending
18. 2026-02-16
    price $229,000
19. 2026-01-16
    listed $239,000 Active
20. 2016-11-14
    soldstatus $55,000 Sold 356-char remark

    Show marketing remark (356 chars)

    * * * CUTE BUNGALOW WITH LARGE BACK YARD * * * Lots of Florida charm with a large front porch. Great room floor plan with living and dining rooms combo. 3 bedrooms with 2 full bathrooms. Open kitchen allows for small breakfast table. Large back yard. Easy access to all the main roads and stores. Great for investors as it is ready to move in.

21. 2016-10-10
    status Pending 356-char remark

    Show marketing remark (356 chars)

    * * * CUTE BUNGALOW WITH LARGE BACK YARD * * * Lots of Florida charm with a large front porch. Great room floor plan with living and dining rooms combo. 3 bedrooms with 2 full bathrooms. Open kitchen allows for small breakfast table. Large back yard. Easy access to all the main roads and stores. Great for investors as it is ready to move in.

22. 2016-09-19
    status Active 356-char remark

    Show marketing remark (356 chars)

    * * * CUTE BUNGALOW WITH LARGE BACK YARD * * * Lots of Florida charm with a large front porch. Great room floor plan with living and dining rooms combo. 3 bedrooms with 2 full bathrooms. Open kitchen allows for small breakfast table. Large back yard. Easy access to all the main roads and stores. Great for investors as it is ready to move in.

23. 2016-09-09
    status Pending 356-char remark

    Show marketing remark (356 chars)

    * * * CUTE BUNGALOW WITH LARGE BACK YARD * * * Lots of Florida charm with a large front porch. Great room floor plan with living and dining rooms combo. 3 bedrooms with 2 full bathrooms. Open kitchen allows for small breakfast table. Large back yard. Easy access to all the main roads and stores. Great for investors as it is ready to move in.

24. 2016-09-07
    listed $54,900 Active 356-char remark

    Show marketing remark (356 chars)

    * * * CUTE BUNGALOW WITH LARGE BACK YARD * * * Lots of Florida charm with a large front porch. Great room floor plan with living and dining rooms combo. 3 bedrooms with 2 full bathrooms. Open kitchen allows for small breakfast table. Large back yard. Easy access to all the main roads and stores. Great for investors as it is ready to move in.

25. 2004-12-31
    soldstatus $45,000

ⓘ 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: $546 · $46/mo
• Projected year-2 tax: $1,370 · $114/mo
• Expected delta: +$823/yr (+$69/mo · 150.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,655
• − Mortgage interest: −$9,243
• − Property taxes: −$546
• − Insurance: −$5,944
• − Repairs & maintenance: −$1,652
• − Management: −$1,652
• − Depreciation: −$4,800
• Taxable loss: −$3,182
• Est. tax savings @ 24.0%: +$764
• After-tax cash flow: $208/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 — Plant City

• Score: 76/100
• State rank: #227
• US rank: #3587

Category grades

Amenities A+ Commute F Cost of living A+ Crime C+ Employment C- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Plant City, FL
• County: Hillsborough County · 1,540,968 people
• City population: 68,525
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 25,896
• Household income: $60,131
• Rent vs Own: 36.9% rent · 63.1% own
• Severe rent burden: 932.0

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 0.64)
• Race & ethnicity: White 43% Hispanic / Latino 39% Black 15% Two or more races 15% Native American 2%
• Hispanic origin (detail): Mexican 24% Puerto Rican 5% Cuban 1%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 16% · Canada, Jamaica
• Languages at home: 66% English-only · Spanish 34%

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: ▼ -103.29%
• Current HPI: 342.5789
• Rent YoY: ▼ -0.57%
• 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

+266.7% since first listed

18 events — show timeline

• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Price Changed $221,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-16 Listed $239,000 Stellar MLS as Distributed by MLS Grid
• 2016-11-14 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2016-10-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-09-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-09-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-09-07 Listed $54,900 Stellar MLS as Distributed by MLS Grid
• 2004-12-31 Sold (Public Records) $45,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $546 · +8.6% YoY. Source: county tax records.