6909 N Navin Ave · Tampa, FL 33604

$247,000

3 bd · 1.0 ba · 1,321 sqft · SingleFamily public records · 85 Days on market

Built 1925 5,459 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 +25.1/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CALLING ALL INVESTORS! * * * CASH ONLY * * * NO SIGHT UNSEEN OFFERS * * * * Original 1925 Craftsman Bungalow. AS-IS

Key facts

• 5,459 sq ft lot
• Built 1925
• Listed 85 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $247k.

Deal economics

• At list price, monthly cash flow is $548 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $247k).
• Recommended offer: $232k (6.0% below list) — sets the bar for market timing.

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; 368 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); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• At $2,523/mo this rent would consume 52% of the median local household income ($59k/yr) (locally 2581% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 85 days — a 6% lower offer ($232k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $41k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $24k; list at $247k implies a 908% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $232,180 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.02% ✓
• Cap rate: 8.95%
• Cash-on-cash: 9.51%
• DSCR: 1.42
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.52% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.84×
• Total profit: $-11,396
• Equity at exit: $36,829

10-year hold

• IRR: 2.4%
• Equity multiple: 1.15×
• Total profit: $10,522
• Equity at exit: $21,356

Cash invested: $69,160 (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 33604

• Home prices YoY: -31.3%
• Rents YoY: 0.5%
• Active inventory: 368
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,523 high
• Mortgage (P&I): −$1,295
• Tax from tax record: −$47 /mo · $565/yr
• Insurance: −$103
• HOA: −$0
• Vacancy / Maint / Mgmt: −$530
• Net cashflow: $548

Break-even live

Break-even rent $1,830

Max offer price $247,000

Occupancy floor 73%

Sensitivity live

Price	-10% $688	-5% $618	+0% $548	+5% $478	+10% $408
Rent	-10% $349	-5% $448	+0% $548	+5% $648	+10% $747
Rate	-1.0pp $672	-0.5pp $611	base $548	+0.5pp $484	+1.0pp $419

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: $61,750
• Closing costs: $7,410
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6915 N Central Ave Tampa, FL	3.0	2.0	1854	$3,295	$1.78	4d	1	0.08mi
6905 N Duncan Ave Unit A Tampa, FL	2.0	2.0	1214	$1,850	$1.52	24d	1	0.30mi
113 W Elm St Tampa, FL	3.0	2.0	1473	$3,400	$2.31	18d	1	0.31mi
806 E Hamilton Ave Tampa, FL	3.0	2.0	1528	$2,800	$1.83	15d	1	0.35mi
900 E Sligh Ave Tampa, FL	2.0	1.0–2.0	888	$2,630	$2.96	2d	33	0.36mi
113 W Knollwood St Tampa, FL	3.0	2.0	1556	$1,850	$1.19	22d	1	0.36mi
7201 N Highland Ave Tampa, FL	2.0	1.0	1400	$2,350	$1.68	24d	1	0.38mi
6906 N Lynn Ave Tampa, FL	3.0	2.0	1772	$2,695	$1.52	24d	1	0.42mi
7218 N Highland Ave Tampa, FL	3.0	2.0	1448	$2,950	$2.04	5d	1	0.44mi
7309 N Dartmouth Ave Tampa, FL	3.0	2.0	1248	$2,111	$1.69	5d	1	0.47mi
7703 N Branch Ave Tampa, FL	3.0	2.0	1360	$1,899	$1.40	24d	1	0.50mi
411 W Flora St Tampa, FL	2.0	1.0	1400	$2,750	$1.96	22d	1	0.51mi
303 E Paris St Tampa, FL	2.0	2.0	1442	$2,200	$1.53	24d	1	0.60mi
1221 E Flora St Tampa, FL	2.0	1.0	931	$2,175	$2.34	18d	1	0.65mi
1109 E Patterson St Tampa, FL	3.0	2.5	1653	$900	$0.54	13d	1	0.67mi
809 W Hiawatha St Tampa, FL	3.0	2.0	1345	$2,600	$1.93	21d	1	0.67mi
112 W Stanley St Tampa, FL	3.0	2.0	1067	$2,500	$2.34	21d	1	0.69mi
317 W Hanlon St Tampa, FL	3.0	2.5	1614	$3,000	$1.86	11d	1	0.72mi
317 W Hanlon St Tampa, FL	3.0	2.5	1614	$3,000	$1.86	17d	1	0.72mi
317 W Hanlon St Tampa, FL	3.0	3.0	1614	$3,000	$1.86	5d	1	0.72mi
1208 E Hanna Ave Tampa, FL	4.0	2.0	1818	$2,400	$1.32	14d	1	0.78mi
7204 N 15th St Tampa, FL	3.0	2.0	1317	$2,950	$2.24	18d	1	0.80mi
325 W Jean St Tampa, FL	3.0	2.0	1200	$2,500	$2.08	24d	1	0.80mi
5706 N Suwanee Ave Unit 1271940P Tampa, FL	2.0	1.0	914	$2,747	$3.01	2d	1	0.82mi
1317 E Diana St Unit 1384017P Tampa, FL	3.0	2.0	1065	$3,223	$3.03	5d	1	0.83mi
503 W Idlewild Ave Tampa, FL	2.0	2.0	968	$2,200	$2.27	17d	1	0.85mi
1419 E Jean St Tampa, FL	2.0	2.0	1366	$2,199	$1.61	24d	1	0.92mi
1503 E North St Tampa, FL	3.0	2.0	1584	$3,300	$2.08	24d	1	0.93mi
7810 N Marks St Tampa, FL	4.0	2.0	1675	$2,950	$1.76	24d	1	0.96mi
1712 Escort Ave Tampa, FL	3.0	2.0	1430	$2,700	$1.89	24d	1	0.96mi
1705 NE Lambright St Tampa, FL	3.0	2.0	1216	$2,231	$1.83	14d	1	0.97mi
8105 N Klondyke St Tampa, FL	2.0	1.0	1440	$1,200	$0.83	22d	1	0.97mi
1607 E Maple Ave Tampa, FL	3.0	2.0	1061	$1,500	$1.41	24d	1	0.99mi
1607 E Maple Ave Tampa, FL	3.0	2.0	1061	$1,500	$1.41	22d	1	0.99mi
1702 E Mulberry Dr Tampa, FL	2.0	1.0	1568	$1,000	$0.64	24d	1	1.01mi
1714 SE Lambright St Tampa, FL	3.0	2.5	1620	$3,000	$1.85	11d	1	1.01mi
8301 N Alaska St Tampa, FL	3.0	2.0	1356	$2,600	$1.92	4d	1	1.01mi
8210 N 13th St Tampa, FL	2.0	1.0	995	$1,895	$1.90	5d	1	1.01mi
1322 W Knollwood St Unit 1570170P Tampa, FL	4.0	2.0	1819	$4,204	$2.31	2d	1	1.06mi
1209 E Comanche Ave Tampa, FL	2.0	2.0	1659	$2,500	$1.51	5d	1	1.06mi

Listing history 18 events

1. 2026-06-15
   remarks 192-char remark
2. 2026-06-15
   status $247,000 Pending 85 DOM
3. 2026-06-15
   days on market $247,000 Active 85 DOM
4. 2026-06-13
   days on market $247,000 Active 83 DOM
5. 2026-06-13
   days on market $247,000 Active 82 DOM
6. 2026-06-09
   days on market $247,000 Active 79 DOM
7. 2026-06-08
   days on market $247,000 Active 78 DOM
8. 2026-06-07
   days on market $247,000 Active 77 DOM
9. 2026-06-04
   days on market $247,000 Active 74 DOM
10. 2026-06-03
    days on market $247,000 Active 73 DOM
11. 2026-06-02
    days on market $247,000 Active 72 DOM
12. 2026-06-01
    days on market $247,000 Active 71 DOM
13. 2026-05-31
    days on market $247,000 Active 70 DOM
14. 2026-05-01
    price $247,000 126-char remark

    Show marketing remark (126 chars)

    CALLING ALL INVESTORS! * * * CASH ONLY * * * NO SIGHT UNSEEN OFFERS * * * * Original 1925 Craftsman Bungalow. AS-IS

15. 2026-04-02
    status Active 126-char remark

    Show marketing remark (126 chars)

    CALLING ALL INVESTORS! * * * CASH ONLY * * * NO SIGHT UNSEEN OFFERS * * * * Original 1925 Craftsman Bungalow. AS-IS

16. 2026-03-27
    status Pending 126-char remark

    Show marketing remark (126 chars)

    CALLING ALL INVESTORS! * * * CASH ONLY * * * NO SIGHT UNSEEN OFFERS * * * * Original 1925 Craftsman Bungalow. AS-IS

17. 2026-03-17
    listed $288,000 Active 126-char remark

    Show marketing remark (126 chars)

    CALLING ALL INVESTORS! * * * CASH ONLY * * * NO SIGHT UNSEEN OFFERS * * * * Original 1925 Craftsman Bungalow. AS-IS

18. 1980-04-01
    soldstatus $24,500

ⓘ 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: $565 · $47/mo
• Projected year-2 tax: $2,050 · $171/mo
• Expected delta: +$1,485/yr (+$124/mo · 262.7%)

ⓘ 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 · 27 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,276
• − Mortgage interest: −$13,836
• − Property taxes: −$565
• − Insurance: −$1,235
• − Repairs & maintenance: −$2,422
• − Management: −$2,422
• − Depreciation: −$7,185
• Taxable income: $2,611
• Est. tax owed @ 24.0%: −$627
• After-tax cash flow: $5,948/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): 40,055
• Household income: $58,766
• Rent vs Own: 44.0% rent · 56.0% own
• Severe rent burden: 2581.0

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 0.69)
• Race & ethnicity: Hispanic / Latino 38% White 35% Two or more races 22% Black 21% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 11% Cuban 13% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 1%
• Foreign-born: 18% · Canada, Vietnam, Jamaica
• Languages at home: 66% English-only · Spanish 30% Vietnamese 1% French/Haitian/Cajun 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: ▼ -200.24%
• Current HPI: 439.7084
• Rent YoY: ▲ 0.52%
• 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

+908.2% since first listed

5 events — show timeline

• 2026-05-01 Price Changed $247,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Listed $288,000 Stellar MLS as Distributed by MLS Grid
• 1980-04-01 Sold (Public Records) $24,500 Public Records

Property tax history

+4.4%/yr

Latest (2025): $565 · +7.6% YoY. Source: county tax records.