709 E 119th Ave · University, FL 33612

$525,000

4 bd · 2.0 ba · 1,301 sqft · SingleFamily public records · 2 Days on market

Built 1956 0.28 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.2/5.0
• Cash flow +2.9/30.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

JUST REDUCED * * / SELLER WILL CONTRIBUTE WITH $3,000.00 TOWARD BUYERS CLOSING COSTS * * DO NOT MISS THIS OPPORUTNITY * * NO SHORT SALE OR BANK OWNED * * CAN CLOSE FAST!!! NO HOA/ NO CDD's/ LOCATION, LOCATION, LOCATION!!, 2 UNITS MAIN HOUSE AND A ONE BEDROOM APARTMENT!!Completely Remodeled it offers 4 Bedrooms and 2 bathrooms on the main house/ and a 1 bedroom with 1 bathroom in the guest house (CAN BE RENTED TO HELP WITH YOUR MORTGAGE PAYMENT) . Both units have 24" ceramic tile in the entire house /in the kitchen you will find all wood cabinets with beautiful granite countertops, it also includes all appliances (on the main house) / washer and dryer/new windows/ new water heather on both units/ new water softener / Sprinkler system/ security cameras/ Fenced yard perfect for family & friends gatherings. The guest house completely remodeled as well/ Kitchen all wood cabinets, granite countertops and more. MUST SEE TO APPRECIATE THIS GREAT PROPERTY. Call or text today for a private showing---

Key facts

• 0.28 acre lot
• Built 1956
• Listed 2 days

Property features AI

Finance

• Other: Homestead status; Zoned RDC-12; Property type: Residential — Single family residence; Approximately 2,061 sq ft living area
• HOA & community: No association

Exterior

• Parking: Open oversized parking
• Utilities: Private well water; Private sewer with septic tank; Electricity available and connected; Water and sewer available and connected
• Home design: Single family residence; One-story; Home faces east
• Construction: Block construction; Shingle roof; Slab foundation; Built on a 0.28-acre lot (approx. 114.9 x 106)
• Exterior features: Private mailbox; Cleared, level and paved lot

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: 5 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Open floorplan; Kitchen and family room combined; Living and dining room combined
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $525k.

Deal economics

• At list price, monthly cash flow is $-2k ($-21k/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (58.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (60.1% below list).
• Recommended offer: $209k (60.1% below list) — sets the bar for 1% rule.
• Cap rate 2.3% vs local median 3.8% in University — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 85/100 on livability (#28 in FL, #603 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+.
• 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: Miles Elementary School (math 23% / reading 20%, grade F, #2,091 of 2,144 statewide, top 98%, 675 students, 76% FRL); Buchanan Middle School (math 35% / reading 32%, grade F, #428 of 571 statewide, top 76%, 759 students, 73% FRL); Gaither High School (math 30% / reading 48%, grade F, #312 of 667 statewide, top 48%, 2,123 students, 52% FRL).
• Zoned-school proficiency averages 31% at this address vs 48% district-wide (-17 pts) — the specific schools serving this property underperform the Hillsborough average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 181 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $16k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 12y 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 $233k; list at $525k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $209,316 (60.1% 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 1956 — 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. 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?
5. 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.
6. 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.
7. 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: 0.40% ✗
• Cap rate: 2.35%
• Cash-on-cash: -14.09%
• DSCR: 0.37
• GRM: 20.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.28% rent growth · sell at horizon

5-year hold

• IRR: -45.5%
• Equity multiple: -0.37×
• Total profit: $-200,673
• Equity at exit: $78,279

10-year hold

• IRR: -99.6%
• Equity multiple: -1.30×
• Total profit: $-338,425
• Equity at exit: $45,392

Cash invested: $147,000 (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 33612

• Rents YoY: 0.3%
• Active inventory: 181
• Price-to-rent: 20.9×

Monthly cashflow live

• Estimated rent: $2,093 high
• Mortgage (P&I): −$2,753
• Tax from tax record: −$407 /mo · $4,887/yr
• Insurance: −$219
• HOA: −$0
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $-1,726

Break-even live

Break-even rent $4,277

Max offer price $220,171

Occupancy floor —

Sensitivity live

Price	-10% $-1,428	-5% $-1,577	+0% $-1,726	+5% $-1,874	+10% $-2,023
Rent	-10% $-1,891	-5% $-1,808	+0% $-1,726	+5% $-1,643	+10% $-1,560
Rate	-1.0pp $-1,461	-0.5pp $-1,592	base $-1,726	+0.5pp $-1,862	+1.0pp $-2,000

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: $131,250
• Closing costs: $15,750
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11312 N 15th St Tampa, FL	3.0	2.0	1300	$1,499	$1.15	26d	1	0.62mi
10928 N Hyacinth Ave Tampa, FL	4.0	2.0	1162	$2,250	$1.94	26d	1	0.66mi
1002 E 108th Ave Tampa, FL	4.0	2.0	1170	$2,249	$1.92	4d	1	0.68mi
13402 Coastal Key Rd Tampa, FL	2.0–4.0	2.0	1109	$1,752	$1.58	1d	9	0.90mi
13020 Kain Palms Ct Apt 201 Tampa, FL	3.0	2.0	1250	$1,699	$1.36	13d	1	0.91mi
13036 Kain Palms Ct Tampa, FL	1.0–3.0	1.0–2.0	900	$1,699	$1.89	3d	6	0.96mi
10019 N Jasmine Ave Tampa, FL	3.0	1.0	1118	$1,825	$1.63	6d	1	1.04mi
1931 Oxnard Ct Tampa, FL	3.0	2.5	1150	$2,000	$1.74	3d	1	1.15mi
9808 N 12th St Unit C Tampa, FL	3.0	1.0	875	$1,800	$2.06	26d	1	1.22mi
12702 University Club Dr Tampa, FL	1.0–3.0	1.0–2.0	919	$2,069	$2.25	1d	36	1.25mi
1906 E Bougainvillea Ave Tampa, FL	4.0	2.0	1511	$2,095	$1.39	6d	1	1.31mi
10420 N 22nd St Tampa, FL	3.0	2.0	1610	$2,500	$1.55	6d	1	1.32mi
1112 E 142nd Ave Tampa, FL	3.0	2.0	1120	$1,675	$1.50	25d	2	1.41mi
12302 N 27th St Tampa, FL	3.0	2.0	1700	$2,800	$1.65	6d	1	1.41mi
9606 N 15th St Tampa, FL	4.0	2.0	1000	$1,750	$1.75	26d	1	1.46mi
13612 N 21st St Tampa, FL	4.0	2.0	1196	$2,400	$2.01	26d	1	1.48mi
13612 N 21st St Unit 2 Tampa, FL	4.0	2.0	1196	$3,000	$2.51	26d	1	1.48mi
1318 Divot Ln Tampa, FL	3.0	2.0	1296	$2,000	$1.54	26d	1	1.50mi

Listing history 2 events

1. 2026-06-21
   remarks 699-char remark
2. 2026-06-21
   listed $525,000 Active 2 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: $4,887 · $407/mo
• Projected year-2 tax: $4,887 · $407/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 · 25 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: $25,118
• − Mortgage interest: −$29,408
• − Property taxes: −$4,887
• − Insurance: −$2,625
• − Repairs & maintenance: −$2,009
• − Management: −$2,009
• − Depreciation: −$15,273
• Taxable loss: −$31,094
• Est. tax savings @ 24.0%: +$7,463
• After-tax cash flow: $-13,244/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 — University

• Score: 85/100
• State rank: #28
• US rank: #603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: University, FL
• County: Hillsborough County · 1,540,968 people
• City population: 41,570
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 49,005
• Household income: $47,199
• Rent vs Own: 62.8% rent · 37.2% own
• Severe rent burden: 4314.0

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 40% Black 30% White 25% Two or more races 24% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 12% Cuban 8% Dominican 3%
• Common ancestry: Hispanic 2% Slovak 1% Romanian 1%
• Foreign-born: 22% · Canada, Jamaica, Vietnam
• Languages at home: 62% English-only · Spanish 33% French/Haitian/Cajun 2% Arabic 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: ▼ -311.62%
• Current HPI: 405.9834
• Rent YoY: ▲ 0.28%
• 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

+337.5% since first listed

21 events — show timeline

• 2026-06-19 Listed $525,000 Stellar MLS as Distributed by MLS Grid
• 2020-02-01 Sold (Public Records) $233,000 Public Records
• 2020-01-17 Sold (MLS) $233,000 Stellar MLS as Distributed by MLS Grid
• 2019-12-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-12-04 Price Changed $240,000 Stellar MLS as Distributed by MLS Grid
• 2019-11-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2019-11-04 Listed $270,000 Stellar MLS as Distributed by MLS Grid
• 2019-11-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-01-23 Sold (MLS) $95,394 Stellar MLS as Distributed by MLS Grid
• 2016-11-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-11-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-10-25 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-10-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-10-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-09-30 Listed $97,520 Stellar MLS as Distributed by MLS Grid
• 2015-06-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-04-15 Price Changed $73,900 Stellar MLS as Distributed by MLS Grid
• 2015-04-09 Price Changed $78,700 Stellar MLS as Distributed by MLS Grid
• 2014-12-30 Listed $83,700 Stellar MLS as Distributed by MLS Grid
• 2006-06-29 Sold (Public Records) $155,000 Public Records
• 2006-05-05 Sold (Public Records) $120,000 Public Records

Property tax history

+8.2%/yr

Latest (2025): $4,887 · +8.9% YoY. Source: county tax records.