4016 Cortez Dr Unit D · Egypt Lake-Leto, FL
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 29 days/yr
Wind risk 9/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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).
- Cash flow +10.1/30.0
- 1% rule +8.4/10.0
- ARV discount +7.5/15.0
- Schools +4.2/10.0
- DSCR +2.9/10.0
- Livability +2.5/5.0
- Condition / age +2.5/5.0
- Rent growth +2.2/5.0
- Appreciation +0.0/10.0
$127,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Spacious condominium in the Cortez of Carrollwood community. This well-maintained unit features a bright and functional layout with large rooms and a separate dining area, perfect for both everyday living and entertaining. The kitchen has been updated with new appliances, while tile flooring throughout the main living spaces offers easy maintenance. You’ll love the ample storage, including walk-in closets, as well as the convenience of an in-unit washer and dryer. Relax and unwind on the enclosed back porch, complete with an additional storage closet. Not in a flood zone (Flood Insurance is NOT required) and there is no CDD. Residents of Cortez of Carrollwood enjoy a variety of amenities, including a sparkling community pool, recreational facility, playground, grilling area, and tennis courts. The HOA provides excellent value, covering assigned parking with additional guest parking, as well as water, sewer, trash, exterior maintenance, pool maintenance, pest control, and cable TV. Ideally located just off Dale Mabry Highway, this home offers quick access to Raymond James Stadium, Tampa International Airport, USF, HCC, Busch Gardens and a wide array of shopping, dining, and entertainment options. Don’t miss this opportunity to live in a convenient Tampa location.
Key facts
- Enclosed back porch
- Walk-in closets
- Tile flooring
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $127k.
Deal economics
- At list price, monthly cash flow is $-73 ($-879/yr) — negative.
- To cash-flow at today's rent, offer at most $114k (10.2% below list).
- Meets the 1% rule at list price ($2k rent vs $127k).
- Recommended offer: $114k (10.2% below list) — sets the bar for cash-flow.
Location & tenants
- Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
- 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.
- Zoned schools: Crestwood Elementary School (math 43% / reading 45%, grade F, #1,330 of 2,144 statewide, top 63%, 781 students, 74% FRL); Pierce Middle School (math 35% / reading 32%, grade F, #428 of 571 statewide, top 76%, 845 students, 72% FRL); Leto High School (math 35% / reading 41%, grade F, #328 of 667 statewide, top 50%, 2,062 students, 66% FRL) — zoned schools average 71% FRL vs 52% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents soft (-1.2%/yr); 210 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 41% of the median local income ($50k/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 $878 of loan paydown is wiped out by about $4k 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 76 days — a 6% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
- 9 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
- Current owner paid $85k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: HOA is 30% of rent.
- Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- 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?
- It's been on market 76 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
- Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.34% ✓
- Cap rate
- 5.60%
- Cash-on-cash
- -2.47%
- DSCR
- 0.89
- GRM
- 6.2
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -25.9%
- Equity multiple
- 0.16×
- Total profit
- $-29,868
- Equity at exit
- $18,936
- IRR
- -54.0%
- Equity multiple
- -0.40×
- Total profit
- $-49,813
- Equity at exit
- $10,981
Cash invested: $35,560 (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
ZIP-level market 33614
- Home prices YoY
- -21.7%
- Rents YoY
- -1.2%
- Active inventory
- 210
- Price-to-rent
- 6.2×
Monthly cashflow live
- Estimated rent
- $1,699 high interval (Pro) →
- Mortgage (P&I)
- −$666
- Tax from tax record
- −$182 /mo · $2,181/yr
- Insurance
- −$53
- HOA
- −$515
- Vacancy / Maint / Mgmt
- −$357
- Net cashflow
- $-73
Break-even live
Sensitivity live
| Price | -10% $-1 | -5% $-37 | +0% $-73 | +5% $-109 | +10% $-145 |
|---|---|---|---|---|---|
| Rent | -10% $-207 | -5% $-140 | +0% $-73 | +5% $-6 | +10% $61 |
| Rate | -1.0pp $-9 | -0.5pp $-41 | base $-73 | +0.5pp $-106 | +1.0pp $-140 |
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
- $31,750
- Closing costs
- $3,810
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4020 Cortez Dr Tampa, FL | 3.0 | 2.0 | 1248 | $1,600 | $1.28 | 1d | 1 | 0.06mi |
| 3804 Cortez Dr Unit D Tampa, FL | 2.0 | 2.0 | 1005 | $1,675 | $1.67 | 0d | 1 | 0.17mi |
| 3804 Cortez Dr Tampa, FL | 2.0 | 2.0 | 1005 | $1,630 | $1.62 | 23d | 1 | 0.17mi |
| 3808 Hunt Rd Tampa, FL | 1.0–3.0 | 1.0–2.0 | 1070 | $1,420 | $1.33 | 1d | 12 | 0.23mi |
| 3802 N Lake Dr #20 Tampa, FL | 2.0 | 2.0 | 1077 | $1,700 | $1.58 | 26d | 1 | 0.31mi |
| 8602 Champlain Ct Tampa, FL | 1.0 | 1.0 | 710 | $1,225 | $1.73 | 12d | 1 | 0.31mi |
| 8640 Tahoe Ct Tampa, FL | 2.0 | 2.0 | 1077 | $1,625 | $1.51 | 21d | 1 | 0.32mi |
| 8602 Champlain Ct #88 Tampa, FL | 1.0 | 1.0 | 710 | $1,225 | $1.73 | 22d | 1 | 0.33mi |
| 8601 Huron Ct #45 Tampa, FL | 2.0 | 2.0 | 1077 | $1,550 | $1.44 | 12d | 1 | 0.33mi |
| 8605 Huron Ct #34 Tampa, FL | 1.0 | 1.0 | 710 | $1,500 | $2.11 | 3d | 1 | 0.33mi |
| 8701 Carroll Palm Pl Tampa, FL | 2.0 | 2.0 | 1276 | $2,000 | $1.57 | 26d | 1 | 0.34mi |
| 8730 N Himes Ave Tampa, FL | 1.0–2.0 | 1.0–2.0 | 821 | $1,792 | $2.18 | 16d | 15 | 0.36mi |
| 8724 Mallard Reserve Dr #102 Tampa, FL | 2.0 | 2.0 | 1060 | $1,800 | $1.70 | 19d | 1 | 0.36mi |
| 9802 Lombard Ct #102 Tampa, FL | 2.0 | 2.0 | 1110 | $1,900 | $1.71 | 26d | 1 | 0.36mi |
| 4124 Tartan Pl Unit 4116 T Tampa, FL | 2.0 | 2.5 | 1150 | $1,645 | $1.43 | 26d | 1 | 0.37mi |
| 4109 Tartan Pl Tampa, FL | 2.0 | 2.5 | 1150 | $1,645 | $1.43 | 26d | 1 | 0.37mi |
| 8443 N Grady Ave Tampa, FL | 3.0 | 3.0 | 1351 | $2,275 | $1.68 | 26d | 1 | 0.45mi |
| 8605 Mallard Reserve Dr #203 Tampa, FL | 2.0 | 2.0 | 1060 | $1,550 | $1.46 | 26d | 1 | 0.47mi |
| 8711 Fancy Finch Dr #101 Tampa, FL | 2.0 | 2.0 | 1027 | $1,800 | $1.75 | 26d | 1 | 0.51mi |
| 10342 Carrollwood Ln #168 Tampa, FL | 2.0 | 2.0 | 1031 | $2,000 | $1.94 | 13d | 1 | 0.52mi |
| 10346 Carrollwood Ln #178 Tampa, FL | 2.0 | 2.0 | 1190 | $2,000 | $1.68 | 19d | 1 | 0.54mi |
| 8653 Fancy Finch Dr #104 Tampa, FL | 2.0 | 2.0 | 1007 | $2,500 | $2.48 | 1d | 1 | 0.54mi |
| 10068 Old Haven Way Tampa, FL | 2.0 | 2.5 | 1340 | $2,225 | $1.66 | 19d | 1 | 0.55mi |
| 4537 Cedarwood Village Dr Tampa, FL | 3.0 | 2.0 | 1300 | $2,190 | $1.68 | 26d | 1 | 0.55mi |
| 10350 Carrollwood Ln #188 Tampa, FL | 3.0 | 2.0 | 1362 | $2,450 | $1.80 | 26d | 1 | 0.57mi |
| 8633 Fancy Finch Dr #201 Tampa, FL | 2.0 | 2.0 | 1129 | $1,800 | $1.59 | 13d | 1 | 0.57mi |
| 8645 Fancy Finch Dr #104 Tampa, FL | 2.0 | 2.0 | 1007 | $1,585 | $1.57 | 19d | 1 | 0.59mi |
| 10128 Lake Oak Cir Tampa, FL | 2.0 | 2.5 | 1188 | $1,675 | $1.41 | 16d | 1 | 0.61mi |
| 3516 Grand Cayman Dr Tampa, FL | 3.0 | 1.0–2.0 | 967 | $1,772 | $1.83 | 0d | 169 | 0.61mi |
| 10125 Lake Oak Cir Tampa, FL | 2.0 | 2.5 | 1188 | $1,800 | $1.52 | 26d | 1 | 0.63mi |
| 10374 Carrollwood Ln #241 Tampa, FL | 2.0 | 2.0 | 1031 | $2,250 | $2.18 | 26d | 1 | 0.65mi |
| 8432 Camden St Unit A Tampa, FL | 2.0 | 1.0 | 960 | $1,750 | $1.82 | 15d | 1 | 0.65mi |
| 10380 Carrollwood Ln #264 Tampa, FL | 2.0 | 2.0 | 1031 | $2,400 | $2.33 | 26d | 1 | 0.65mi |
| 10101 Lake Oak Cir Unit 1 Tampa, FL | 2.0 | 2.0 | 1020 | $1,850 | $1.81 | 13d | 1 | 0.67mi |
| 8428 Camden St Unit C Tampa, FL | 2.0 | 1.0 | 960 | $1,550 | $1.61 | 15d | 1 | 0.67mi |
| 8426 Camden St Unit b Tampa, FL | 2.0 | 1.0 | 960 | $1,700 | $1.77 | 15d | 1 | 0.68mi |
| 8426 Camden St Unit A Tampa, FL | 2.0 | 2.0 | 960 | $1,800 | $1.88 | 23d | 1 | 0.68mi |
| 8426 Camden St Unit D Tampa, FL | 2.0 | 1.0 | 960 | $1,650 | $1.72 | 15d | 1 | 0.68mi |
| 4321 Deermont Cir Tampa, FL | 3.0 | 2.5 | 1336 | $2,400 | $1.80 | 26d | 1 | 0.68mi |
| 10375 Carrollwood Ln #332 Tampa, FL | 2.0 | 2.0 | 1208 | $2,200 | $1.82 | 26d | 1 | 0.68mi |
HOA detail condo
- Monthly dues
- $515 · $6,180/yr
- Likely covers
- watersewertrashcableexterior maint.poolparking
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-06-18days on market $127,000 Active 76 DOM
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2026-06-17days on market $127,000 Active 75 DOM
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2026-06-16days on market $127,000 Active 74 DOM
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2026-06-15days on market $127,000 Active 73 DOM
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2026-06-13days on market $127,000 Active 71 DOM
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2026-06-13days on market $127,000 Active 70 DOM
-
2026-06-09days on market $127,000 Active 67 DOM
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2026-06-08days on market $127,000 Active 66 DOM
-
2026-06-07days on market $127,000 Active 65 DOM
-
2026-06-04days on market $127,000 Active 62 DOM
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2026-06-03days on market $127,000 Active 61 DOM
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2026-06-02days on market $127,000 Active 60 DOM
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2026-06-01days on market $127,000 Active 59 DOM
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2026-05-31days on market $127,000 Active 58 DOM
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2026-04-03$130,000 Active 1294-char remark
Show marketing remark (1294 chars)
Spacious condominium in the Cortez of Carrollwood community. This well-maintained unit features a bright and functional layout with large rooms and a separate dining area, perfect for both everyday living and entertaining. The kitchen has been updated with new appliances, while tile flooring throughout the main living spaces offers easy maintenance. You’ll love the ample storage, including walk-in closets, as well as the convenience of an in-unit washer and dryer. Relax and unwind on the enclosed back porch, complete with an additional storage closet. Not in a flood zone (Flood Insurance is NOT required) and there is no CDD. Residents of Cortez of Carrollwood enjoy a variety of amenities, including a sparkling community pool, recreational facility, playground, grilling area, and tennis courts. The HOA provides excellent value, covering assigned parking with additional guest parking, as well as water, sewer, trash, exterior maintenance, pool maintenance, pest control, and cable TV. Ideally located just off Dale Mabry Highway, this home offers quick access to Raymond James Stadium, Tampa International Airport, USF, HCC, Busch Gardens and a wide array of shopping, dining, and entertainment options. Don’t miss this opportunity to live in a convenient Tampa location.
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2026-01-24historical $1,375
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2025-11-06price $1,375
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2025-09-09price $1,450
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2025-08-26price $1,600
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2025-07-24$1,695
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2022-06-26price $1,435
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2019-02-20soldstatus $85,000 Sold 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2019-01-10soldstatus $85,000
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2018-12-07status Pending 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2018-12-05price $85,000 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2018-11-13status Active 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2018-10-31status Pending 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2018-10-30price $90,000 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2018-10-02price $95,000 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2018-09-10$99,900 Active 476-char remark
Show marketing remark (476 chars)
NOT a Short Sale, NOT a bank owned property. Can Close IMMEDIATELY!!! This lovely second floor unit condo in Cortez of Carrollwood has 2 bedrooms and 2 bathrooms. With over 1000 sq ft of living space it features a beautiful kitchen with plenty of cabinet space and a full set of appliances. Main area has tile flooring and brand-new carpet in bedrooms. Centrally located just off of W Humphrey St and N Dale Mabry Hwy, easy access to schools, shopping, fine dining and more!!
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2017-08-22historical
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2017-08-15price $75,000
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2017-07-31$79,900 Active
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2017-06-09$89,900 Active
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2017-06-09historical
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2015-05-26status Pending
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2015-05-26historical
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2015-05-19status Active
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2015-04-24status Pending
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2015-04-24price $49,800
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2015-04-24price $49,900
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2015-04-22price $49,900
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2015-04-20price $52,700
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2015-04-17price $52,800
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2015-04-15price $52,900
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2015-04-13price $54,000
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2015-04-10price $54,100
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2015-04-08price $54,200
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2015-04-06price $54,300
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2015-04-03price $54,400
ⓘ 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
- $2,181 · $182/mo
- Projected year-2 tax
- $2,181 · $182/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 · 29 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $20,391
- − Mortgage interest
- −$7,114
- − Property taxes
- −$2,181
- − Insurance
- −$635
- − Repairs & maintenance
- −$1,631
- − Management
- −$1,631
- − HOA
- −$6,180
- − Depreciation
- −$3,695
- Taxable loss
- −$2,676
- Est. tax savings @ 24.0%
- +$642
- After-tax cash flow
- $-237/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 — Egypt Lake-Leto
No livability data for this city. (Only ~50 U.S. cities are tracked.)
Census & demographics
- Census place
- Egypt Lake-Leto, FL
- County
- Hillsborough County · 1,540,968 people
- City population
- 47,298
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Population (ZIP)
- 47,298
- Household income
- $50,232
- Rent vs Own
- Severe rent burden
- 3363.0
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
- Predominantly Hispanic (67%)
- Race & ethnicity
- Hispanic / Latino 67% Two or more races 37% White 18% Black 9% Asian 4%
- Hispanic origin (detail)
- Mexican 3% Puerto Rican 14% Cuban 32% Dominican 4%
- Common ancestry
- Romanian 1% Slovak 1%
- Foreign-born
- 44% · Canada, Jamaica, Vietnam
- Languages at home
- 36% English-only · Spanish 58% Vietnamese 2% Other Indo-European 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
- ▼ -138.33%
- Current HPI
- 498.3567
- Rent YoY
- ▼ -1.24%
- 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 |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
+283.5% since first listed46 events — show timeline
- 2026-04-03 Listed $130,000 Stellar MLS as Distributed by MLS Grid
- 2026-01-24 Rental Removed $1,375 TENANTTURNER2
- 2025-11-06 Price Changed $1,375 TENANTTURNER2
- 2025-09-09 Price Changed $1,450 TENANTTURNER2
- 2025-08-26 Price Changed $1,600 TENANTTURNER2
- 2025-07-24 Listed for Rent $1,695 TENANTTURNER2
- 2022-06-26 Price Changed $1,435 RENT.
- 2019-02-20 Sold (MLS) $85,000 Stellar MLS as Distributed by MLS Grid
- 2019-01-10 Sold (Public Records) $85,000 Public Records
- 2018-12-07 Pending — Stellar MLS as Distributed by MLS Grid
- 2018-12-05 Price Changed $85,000 Stellar MLS as Distributed by MLS Grid
- 2018-11-13 Relisted — Stellar MLS as Distributed by MLS Grid
- 2018-10-31 Pending — Stellar MLS as Distributed by MLS Grid
- 2018-10-30 Price Changed $90,000 Stellar MLS as Distributed by MLS Grid
- 2018-10-02 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
- 2018-09-10 Listed $99,900 Stellar MLS as Distributed by MLS Grid
- 2017-08-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2017-08-15 Price Changed $75,000 Stellar MLS as Distributed by MLS Grid
- 2017-07-31 Listed $79,900 Stellar MLS as Distributed by MLS Grid
- 2017-06-09 Listed $89,900 Stellar MLS as Distributed by MLS Grid
- 2017-06-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2015-05-26 Pending — Stellar MLS as Distributed by MLS Grid
- 2015-05-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2015-05-19 Relisted — Stellar MLS as Distributed by MLS Grid
- 2015-04-24 Pending — Stellar MLS as Distributed by MLS Grid
- 2015-04-24 Price Changed $49,900 Stellar MLS as Distributed by MLS Grid
- 2015-04-24 Price Changed $49,800 Stellar MLS as Distributed by MLS Grid
- 2015-04-22 Price Changed $49,900 Stellar MLS as Distributed by MLS Grid
- 2015-04-20 Price Changed $52,700 Stellar MLS as Distributed by MLS Grid
- 2015-04-17 Price Changed $52,800 Stellar MLS as Distributed by MLS Grid
- 2015-04-15 Price Changed $52,900 Stellar MLS as Distributed by MLS Grid
- 2015-04-13 Price Changed $54,000 Stellar MLS as Distributed by MLS Grid
- 2015-04-10 Price Changed $54,100 Stellar MLS as Distributed by MLS Grid
- 2015-04-08 Price Changed $54,200 Stellar MLS as Distributed by MLS Grid
- 2015-04-06 Price Changed $54,300 Stellar MLS as Distributed by MLS Grid
- 2015-04-03 Price Changed $54,400 Stellar MLS as Distributed by MLS Grid
- 2015-04-01 Price Changed $54,500 Stellar MLS as Distributed by MLS Grid
- 2015-03-30 Price Changed $54,600 Stellar MLS as Distributed by MLS Grid
- 2015-03-27 Price Changed $54,700 Stellar MLS as Distributed by MLS Grid
- 2015-03-25 Price Changed $54,800 Stellar MLS as Distributed by MLS Grid
- 2015-03-18 Listed $54,900 Stellar MLS as Distributed by MLS Grid
- 2015-02-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
- 2015-01-22 Listed $44,100 Stellar MLS as Distributed by MLS Grid
- 2007-02-22 Sold (Public Records) $100,000 Public Records
- 2002-12-04 Sold (Public Records) $62,000 Public Records
- 1979-11-01 Sold (Public Records) $33,900 Public Records
Property tax history
+10.8%/yrLatest (2025): $2,181 · +11.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…