2217 Mallory Ave · Tampa, FL 33605

$199,900

2 bd · 1.0 ba · 1,262 sqft · SingleFamily public records · 1 Days on market

Built 1950 5,225 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 +20.9/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +5.3/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks

Under contract-accepting backup offers. Exceptional opportunity to own a solid concrete block home on a premium corner lot, situated just minutes from Historic Ybor City! Boasting robust construction and great bones, this 3-bedroom, 1-bathroom property features a 1-car garage and serves as the perfect blank canvas for custom upgrades, modern renovations, or a personalized touch. Location is everything! Enjoy the ultimate urban lifestyle with seamless access to the very best of Tampa. Just a short drive away from Downtown Tampa, the vibrant Channelside District, historic Ybor City, and the highly anticipated Gas Worx development. Whether you are looking to build sweat equity in your primary

Key facts

• 5,225 sq ft lot
• Garage
• Built 1950

Property features AI

Finance

• Other: Zoning: RS-50
• HOA & community: No HOA / association indicated

Exterior

• Parking: Curb parking; Driveway; On-street parking; Attached garage (1 car)
• Utilities: Public water; Public sewer; Broadband / high-speed internet available
• Home design: Single family residence; One story; Faces south; Residential property
• Construction: Block and concrete construction; Shingle roof; Block foundation; Built on 1 story
• Exterior features: Front porch; Side porch; Corner lot; Within city limits; Paved road frontage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room / dining room combo; Bonus room
• Laundry & utility: No laundry in unit (none indicated)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).

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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $2,055/mo this rent would consume 67% 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 $21k of equity ($1k loan paydown + $20k 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 $56k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k 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

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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 $199,900

Questions for the listing agent

1. Built in 1950 — 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: 1.03% ✓
• Cap rate: 7.96%
• Cash-on-cash: 5.94%
• DSCR: 1.26
• GRM: 8.1

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: 27.7%
• Equity multiple: 3.17×
• Total profit: $121,637
• Equity at exit: $180,086

10-year hold

• IRR: 23.5%
• Equity multiple: 6.99×
• Total profit: $335,379
• Equity at exit: $388,362

Cash invested: $55,972 (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: 8.1×

Monthly cashflow live

• Estimated rent: $2,055 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$215 /mo · $2,580/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $277

Break-even live

Break-even rent $1,705

Max offer price $199,900

Occupancy floor 82%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2214 E 18th Ave Tampa, FL	3.0	2.0	1188	$2,295	$1.93	4d	1	0.13mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	3d	1	0.16mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	4d	1	0.16mi
2703 N 24th St Unit 1 Tampa, FL	3.0	3.0	1164	$2,295	$1.97	13d	1	0.21mi
2104 E Columbus Dr Unit 301 Tampa, FL	3.0	2.0	1083	$2,050	$1.89	24d	1	0.25mi
2104 E Columbus Dr Tampa, FL	3.0	2.0	1231	$1,995	$1.62	24d	1	0.25mi
2308 E 15th Ave Tampa, FL	3.0	1.0	936	$1,895	$2.02	14d	1	0.27mi
2006 E Columbus Dr Unit A Tampa, FL	2.0	1.0	896	$1,495	$1.67	1d	1	0.29mi
1807 E 20th Ave Tampa, FL	3.0	2.0	1131	$2,900	$2.56	24d	1	0.34mi
2708 N 19th St Tampa, FL	3.0	2.0	1680	$2,200	$1.31	16d	1	0.35mi
2205 Chipco St Tampa, FL	2.0	1.0	1100	$1,600	$1.45	24d	1	0.37mi
1808 E Columbus Dr #5 Tampa, FL	2.0	2.5	1620	$1,900	$1.17	2d	1	0.41mi
2504 E 12th Ave Tampa, FL	3.0	2.0	1422	$2,500	$1.76	4d	1	0.42mi
1716 E Columbus Dr Unit A Tampa, FL	2.0	1.0	924	$1,800	$1.95	24d	1	0.46mi
3101 E 18th Ave Tampa, FL	3.0	1.0	1050	$1,750	$1.67	3d	1	0.46mi
2312 E 10th Ave Tampa, FL	3.0	1.0	1520	$2,400	$1.58	17d	1	0.51mi
2810 N 16th St Tampa, FL	2.0	1.0	1066	$2,550	$2.39	12d	1	0.55mi
1520 E 21st Ave Tampa, FL	3.0	2.0	1671	$2,350	$1.41	16d	1	0.56mi
2312 E 9th Ave Tampa, FL	3.0	2.0	1008	$2,200	$2.18	24d	1	0.56mi
3021 Sanchez St Tampa, FL	3.0	1.0	1300	$2,195	$1.69	24d	1	0.57mi
2610 E Lake Ave Tampa, FL	3.0	2.0	1698	$2,250	$1.33	2d	1	0.59mi
2907 N 15th St Unit D Tampa, FL	3.0	2.0	888	$1,850	$2.08	4d	1	0.60mi
2312 E 8th Ave Tampa, FL	3.0	2.0	1420	$2,500	$1.76	11d	1	0.61mi
3107 Chipco St Tampa, FL	3.0	1.0	1268	$1,799	$1.42	24d	1	0.62mi
1302 E 21st Ave Tampa, FL	1.0–2.0	1.0–2.0	800	$1,408	$1.76	4d	9	0.77mi
2002 E 5th Ave Tampa, FL	2.0	2.0	1064	$1,795	$1.69	4d	1	0.79mi
3716 N 31st St Tampa, FL	3.0	2.0	1200	$1,895	$1.58	4d	1	0.79mi
1515 E 31st Ave Tampa, FL	2.0	1.0	914	$1,500	$1.64	4d	1	0.79mi
1221 E Columbus Dr Tampa, FL	2.0	1.0	1000	$1,499	$1.50	24d	1	0.80mi
2006 E 4th Ave Tampa, FL	2.0	2.0	1140	$2,000	$1.75	14d	1	0.83mi
1212 E 25th Ave Tampa, FL	2.0	1.0	1035	$1,490	$1.44	19d	1	0.84mi
3411 N 13th St Tampa, FL	3.0	2.0	978	$1,895	$1.94	24d	1	0.84mi
3511 Bishop Eddie Newkirk Way Tampa, FL	3.0	1.0	1056	$1,800	$1.70	10d	1	0.84mi
3511 Bishop Eddie Newkirk Way Tampa, FL	3.0	1.0	1056	$1,800	$1.70	24d	1	0.84mi
3517 Bishop Eddie Newkirk Way Tampa, FL	3.0	2.0	1200	$2,500	$2.08	24d	1	0.87mi
3601 N 13th St Tampa, FL	3.0	2.5	1800	$2,550	$1.42	24d	1	0.89mi
1817 E 4th Ave Tampa, FL	2.0	1.0	900	$2,400	$2.67	4d	1	0.90mi
3507 E 29th Ave Tampa, FL	3.0	2.0	928	$1,700	$1.83	24d	1	0.92mi
1504 E 33rd Ave Tampa, FL	3.0	2.0	1108	$2,900	$2.62	24d	1	0.94mi
2409 E 2nd Ave Tampa, FL	2.0	1.0–2.0	882	$3,549	$4.02	2d	23	0.95mi

Listing history 2 events

1. 2026-06-08
   remarks 699-char remark
2. 2026-06-08
   listed $199,900 Pending 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: $2,580 · $215/mo
• Projected year-2 tax: $2,580 · $215/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 ≥107°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: $24,662
• − Mortgage interest: −$11,198
• − Property taxes: −$2,580
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,973
• − Management: −$1,973
• − Depreciation: −$5,815
• Taxable income: $124
• Est. tax owed @ 24.0%: −$30
• After-tax cash flow: $3,294/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

2 events — show timeline

• 2026-06-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-06-08 Listed $199,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+10.7%/yr

Latest (2025): $2,580 · +11.8% YoY. Source: county tax records.