8305 N Klondyke St · Tampa, FL 33604

$199,900

2 bd · 1.0 ba · 768 sqft · SingleFamily public records · 6 Days on market

Built 1941 5,000 sqft lot

---

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 +15.4/30.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• 1% rule +3.4/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Short Sale - subject to 3rd Party Approval. PRICE REDUCED!! Handyman special on this two bedroom bungalow. Home does need work. Cash offers only.

Key facts

• Renovated bungalow
• Updated kitchen
• Large walk-in closet

Tags

• RENOVATED BUNGALOW
• OVERSIZED LOT
• LUXURY VINYL PLANK FLOORING
• UPDATED KITCHEN
• LARGE WALK-IN CLOSET
• DETACHED STORAGE SHED

Property features AI

Finance

• Other: Residential zoning RS-50
• HOA & community: No association (N/A)

Exterior

• Parking: Garage (laundry located in garage)
• Utilities: Public water; Public sewer; High-speed internet available; Electricity connected; Water connected
• Home design: Single-family residence; One story; Faces west; Entry level: One
• Construction: Frame construction; Shingle roof; Crawlspace foundation; Built on approximately 0.11 acre lot
• Exterior features: Front porch; Private mailbox; Shed(s); Trees and landscaped yard; Paved, public-maintained road access; Lot dimensions approximately 50 x 100

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Heat pump; Central air conditioning
• Interior features: Ceiling fans; Walk-in closet(s); Crawl space
• Laundry & utility: Laundry area in garage

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 $76 ($907/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (16.0% below list).
• Recommended offer: $168k (16.0% below list) — sets the bar for 1% rule.

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: 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.
• Zoned schools: Sulphur Springs K-8 School (math 20% / reading 18%, grade F, #2,111 of 2,144 statewide, top 99%, 610 students, 88% FRL); Sligh Middle School (math 16% / reading 22%, grade F, #564 of 571 statewide, top 99%, 606 students, 84% FRL); Chamberlain High School (math 20% / reading 23%, grade F, #546 of 667 statewide, top 82%, 1,262 students, 72% FRL) — zoned schools average 82% FRL vs 52% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 20% at this address vs 48% district-wide (-29 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; 374 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 34% of the median local income ($59k/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 $6k 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 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 20y 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 $28k; list at $200k implies a 601% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1941 — 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 $167,967 (16.0% below list)

Questions for the listing agent

1. Built in 1941 — 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. 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: 0.84% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.62%
• DSCR: 1.07
• GRM: 9.9

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: -16.3%
• Equity multiple: 0.43×
• Total profit: $-31,722
• Equity at exit: $29,806

10-year hold

• IRR: -12.7%
• Equity multiple: 0.33×
• Total profit: $-37,614
• Equity at exit: $17,284

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 33604

• Home prices YoY: -31.3%
• Rents YoY: 0.5%
• Active inventory: 374
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,680 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$120 /mo · $1,437/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $76

Break-even live

Break-even rent $1,584

Max offer price $199,900

Occupancy floor 90%

Sensitivity live

Price	-10% $189	-5% $132	+0% $76	+5% $19	+10% $-38
Rent	-10% $-57	-5% $9	+0% $76	+5% $142	+10% $208
Rate	-1.0pp $176	-0.5pp $126	base $76	+0.5pp $24	+1.0pp $-29

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
8304 N Mulberry St Tampa, FL	3.0	1.0	858	$1,650	$1.92	7d	1	0.08mi
8210 N 13th St Tampa, FL	2.0	1.0	995	$1,895	$1.90	7d	1	0.12mi
8117 N Mulberry St Unit B Tampa, FL	3.0	1.0	800	$1,789	$2.24	1d	1	0.16mi
8117 N Mulberry St Unit B Tampa, FL	3.0	1.0	800	$2,750	$3.44	24d	1	0.16mi
8105 N Klondyke St Unit A- Tampa, FL	2.0	1.0	720	$1,200	$1.67	5d	1	0.17mi
8416 N Brooks St Tampa, FL	3.0	2.0	1090	$1,900	$1.74	13d	1	0.18mi
8105 N 12th St Tampa, FL	2.0	1.0	874	$1,650	$1.89	26d	1	0.21mi
8506 N Brooks St Unit A Tampa, FL	3.0	1.0	1004	$1,950	$1.94	13d	1	0.25mi
8419 N Semmes St Tampa, FL	3.0	1.0	864	$1,750	$2.03	26d	1	0.27mi
8118 N Alaska St Tampa, FL	2.0	1.0	700	$1,500	$2.14	5d	1	0.27mi
8213 N 17th St Tampa, FL	3.0	1.0	880	$1,800	$2.05	26d	1	0.27mi
8218 N Elmer St Unit B Tampa, FL	2.0	1.0	756	$1,400	$1.85	26d	1	0.30mi
8307 N Elmer St Tampa, FL	3.0	1.0	1030	$1,919	$1.86	5d	1	0.32mi
7903 N 13th St Tampa, FL	2.0	1.0	648	$1,199	$1.85	7d	1	0.33mi
8004 N Alaska St Tampa, FL	2.0	1.0	844	$1,595	$1.89	26d	1	0.36mi
1709 E Idell St Unit B Tampa, FL	3.0	1.0	857	$1,500	$1.75	5d	1	0.39mi
1809 E Sitka St Tampa, FL	3.0	2.0	1115	$1,840	$1.65	17d	1	0.41mi
1726 E Idell St Unit B Tampa, FL	1.0	1.0	702	$1,400	$1.99	7d	1	0.44mi
1607 E Maple Ave Tampa, FL	3.0	2.0	1061	$1,500	$1.41	26d	1	0.44mi
1607 E Maple Ave Tampa, FL	3.0	2.0	1061	$1,500	$1.41	24d	1	0.44mi
8619 N Mulberry St Unit A Tampa, FL	2.0	1.0	742	$1,350	$1.82	26d	1	0.45mi
1500 E Humphrey St Tampa, FL	2.0	1.5–2.0	858	$1,772	$2.07	26d	1	0.46mi
1503 E Humphrey St Apt D Tampa, FL	2.0	1.5	850	$1,750	$2.06	26d	1	0.47mi
1505 E Humphrey St Apt A Tampa, FL	2.0	1.5	850	$1,750	$2.06	26d	1	0.48mi
1508 E Humphrey St Apt B Tampa, FL	2.0	1.5	850	$1,750	$2.06	26d	1	0.48mi
1502 E Humphrey St Apt C Tampa, FL	2.0	1.5	850	$1,750	$2.06	26d	1	0.48mi
1504 E Humphrey St Apt D Tampa, FL	2.0	1.5	850	$1,750	$2.06	26d	1	0.49mi
1601 E Marks Dr Tampa, FL	2.0	1.0	700	$1,490	$2.13	26d	1	0.50mi
1506 E Humphrey St Apt B Tampa, FL	2.0	1.5	850	$1,750	$2.06	26d	1	0.50mi
8618 N 20th St Tampa, FL	3.0	2.0	1064	$2,011	$1.89	7d	1	0.59mi
714 E Hollywood St Tampa, FL	1.0	1.0	750	$1,495	$1.99	20d	1	0.61mi
708 E Hollywood St Tampa, FL	1.0	1.0	675	$1,400	$2.07	7d	1	0.63mi
708 E Hollywood St Unit 708-1 Tampa, FL	1.0	1.0	675	$1,400	$2.07	16d	1	0.63mi
708 E Hollywood St Unit 714-6 Tampa, FL	1.0	1.0	750	$1,495	$1.99	20d	1	0.63mi
8505 N Lamar Ave Unit C Tampa, FL	1.0	1.0	910	$1,350	$1.48	1d	1	0.64mi
8505 N Lamar Ave Unit C Tampa, FL	1.0	1.0	910	$1,499	$1.65	7d	1	0.64mi
7717 N Huntley Ave Tampa, FL	2.0	1.0	692	$1,425	$2.06	6d	1	0.67mi
7707 N Huntley Ave Unit 7707-5 Tampa, FL	2.0	1.0	655	$1,325	$2.02	26d	1	0.68mi
2014 E Humphrey St Tampa, FL	3.0	1.0	880	$1,690	$1.92	13d	1	0.74mi
1909 E Crenshaw St Unit Crenshaw B Tampa, FL	1.0	1.0	750	$1,600	$2.13	26d	1	0.75mi

Listing history 5 events

1. 2026-06-15
   statusdays on market $199,900 Pending 6 DOM
2. 2026-06-13
   days on market $199,900 Active 5 DOM
3. 2026-06-13
   days on market $199,900 Active 4 DOM
4. 2026-06-08
   remarks 699-char remark
5. 2026-06-08
   listed $199,900 Active 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: $1,437 · $120/mo
• Projected year-2 tax: $1,659 · $138/mo
• Expected delta: +$222/yr (+$19/mo · 15.5%)

ⓘ 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,156
• − Mortgage interest: −$11,198
• − Property taxes: −$1,437
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,612
• − Management: −$1,612
• − Depreciation: −$5,815
• Taxable loss: −$2,518
• Est. tax savings @ 24.0%: +$604
• After-tax cash flow: $1,512/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

+3231.7% since first listed

22 events — show timeline

• 2026-06-08 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2015-02-13 Sold (Public Records) $28,500 Public Records
• 2015-01-09 Sold (MLS) $18,500 Stellar MLS as Distributed by MLS Grid
• 2014-12-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-11-04 Contingent — Stellar MLS as Distributed by MLS Grid
• 2014-10-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-10-23 Contingent — Stellar MLS as Distributed by MLS Grid
• 2014-10-17 Price Changed $20,700 Stellar MLS as Distributed by MLS Grid
• 2014-10-08 Price Changed $22,700 Stellar MLS as Distributed by MLS Grid
• 2014-08-28 Price Changed $27,700 Stellar MLS as Distributed by MLS Grid
• 2014-08-12 Price Changed $29,900 Stellar MLS as Distributed by MLS Grid
• 2014-07-29 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2007-11-20 Sold (Public Records) $61,000 Public Records
• 2007-11-12 Sold (MLS) $61,296 Stellar MLS as Distributed by MLS Grid
• 2007-08-15 Listed $68,125 Stellar MLS as Distributed by MLS Grid
• 2007-04-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-01-06 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2006-08-02 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 2006-05-18 Sold (Public Records) $124,000 Public Records
• 2006-04-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-02-12 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 1998-04-09 Sold (Public Records) $6,000 Public Records

Property tax history

+12.7%/yr

Latest (2025): $1,437 · +14.4% YoY. Source: county tax records.