3504 E 24th Ave · Tampa, FL 33605

$320,000

3 bd · 1.0 ba · 1,730 sqft · SingleFamily public records · 114 Days on market

Built 1925 10,000 sqft lot ↓ 27% since listing

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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).

• Appreciation +10.0/10.0
• Cash flow +8.0/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +2.1/10.0

Listing remarks MLS

Excellent opportunity in one of Tampa’s most desirable and rapidly growing areas! This 4-bedroom, 2-bath home is ideally located just minutes from historic Ybor City and only 7–10 minutes to Downtown Tampa. Situated on a spacious corner parcel spanning two lots, this property offers incredible potential for expansion, outdoor living enhancements, or future redevelopment (buyer to verify zoning and possibilities). The additional land provides flexibility that is hard to find in this area. With convenient access to I-275 and I-4, commuting throughout Tampa Bay is quick and easy. The home needs minor cosmetic updates, making it a fantastic opportunity for homeowners looking to personalize their space or investors seeking to upgrade the property to luxury potential. With a little vision and TLC, this property can truly shine. The Lot can be split with some adjustments.

Key facts

• Lot can be split
• 0.23 acre lot
• 2 parking spots

Tags

• SPACIOUS CORNER PARCEL
• OUTDOOR LIVING ENHANCEMENTS
• CONVENIENT ACCESS TO I-275
• CONVENIENT ACCESS TO I-4
• LOT CAN BE SPLIT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $-324 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $263k (17.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $230k (28.1% below list).
• Recommended offer: $230k (28.1% 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: 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; 190 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $2,302/mo this rent would consume 75% 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 $34k of equity ($2k loan paydown + $32k appreciation (10.0% local appreciation)).
• Hillsborough County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$55k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y 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.

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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $230,219 (28.1% 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. It's been on market 114 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.72% ✗
• Cap rate: 5.08%
• Cash-on-cash: -4.34%
• DSCR: 0.81
• GRM: 11.6

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: 20.5%
• Equity multiple: 2.65×
• Total profit: $148,150
• Equity at exit: $288,281

10-year hold

• IRR: 18.2%
• Equity multiple: 5.94×
• Total profit: $442,456
• Equity at exit: $621,690

Cash invested: $89,600 (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: 190
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,302 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$332 /mo · $3,978/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$483
• Net cashflow: $-324

Break-even live

Break-even rent $2,713

Max offer price $262,724

Occupancy floor —

Sensitivity live

Price	-10% $-143	-5% $-234	+0% $-324	+5% $-415	+10% $-505
Rent	-10% $-506	-5% $-415	+0% $-324	+5% $-233	+10% $-142
Rate	-1.0pp $-163	-0.5pp $-243	base $-324	+0.5pp $-407	+1.0pp $-492

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3511 Bishop Eddie Newkirk Way Tampa, FL	3.0	1.0	1056	$1,800	$1.70	25d	1	0.02mi
3511 Bishop Eddie Newkirk Way Tampa, FL	3.0	1.0	1056	$1,800	$1.70	11d	1	0.02mi
3517 Bishop Eddie Newkirk Way Tampa, FL	3.0	2.0	1200	$2,500	$2.08	25d	1	0.05mi
3107 Chipco St Tampa, FL	3.0	1.0	1268	$1,799	$1.42	25d	1	0.34mi
3114 E 21st Ave Unit 1328494P Tampa, FL	4.0	2.0	1614	$4,781	$2.96	0d	1	0.36mi
3101 E 18th Ave Tampa, FL	3.0	1.0	1050	$1,750	$1.67	4d	1	0.49mi
3716 N 31st St Tampa, FL	3.0	2.0	1200	$1,895	$1.58	6d	1	0.56mi
2610 E Lake Ave Tampa, FL	3.0	2.0	1698	$2,250	$1.33	3d	1	0.69mi
3724 E 38th Ave Tampa, FL	3.0	2.0	1188	$1,895	$1.60	25d	1	0.76mi
2607 Lindell Ave Tampa, FL	4.0	2.0	1448	$2,395	$1.65	3d	1	0.76mi
3411 E 9th Ave Tampa, FL	4.0	1.0	1116	$1,700	$1.52	25d	1	0.80mi
3002 E 38th Ave Tampa, FL	3.0	2.0	1413	$2,600	$1.84	25d	1	0.84mi
2203 E 23rd Ave Tampa, FL	4.0	2.5	1880	$2,900	$1.54	18d	1	0.88mi
2205 Chipco St Tampa, FL	2.0	1.0	1100	$1,600	$1.45	25d	1	0.88mi
4303 N 30th St Tampa, FL	3.0	2.0	1260	$3,200	$2.54	2d	1	0.89mi
2703 N 24th St Unit 1 Tampa, FL	3.0	3.0	1164	$2,295	$1.97	15d	1	0.89mi
2703 N 24th St Unit 1 Tampa, FL	3.0	3.0	1164	$2,295	$1.97	0d	1	0.89mi
2925 N 46th St Unit B Tampa, FL	2.0	1.0	1120	$1,103	$0.98	25d	1	0.89mi
2214 E 18th Ave Tampa, FL	3.0	2.0	1188	$2,295	$1.93	6d	1	0.91mi
3212 E Emma St Tampa, FL	4.0	2.0	1332	$2,300	$1.73	4d	1	0.91mi
2504 E 12th Ave Tampa, FL	3.0	2.0	1422	$2,500	$1.76	6d	1	0.93mi
4501 N 39th St Tampa, FL	4.0	1.0	1072	$1,595	$1.49	22d	1	0.94mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	4d	1	0.95mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	6d	1	0.95mi
3111 E Cayuga St Tampa, FL	4.0	2.0	1315	$2,250	$1.71	25d	1	0.95mi
2104 E Columbus Dr Unit 301 Tampa, FL	3.0	2.0	1083	$2,050	$1.89	25d	1	1.02mi
2104 E Columbus Dr Tampa, FL	3.0	2.0	1231	$1,995	$1.62	25d	1	1.02mi
2002 E 18th Ave Tampa, FL	4.0	2.0	1084	$2,400	$2.21	6d	1	1.03mi
3016 E Palifox St Unit NA Tampa, FL	4.0	2.0	2002	$2,200	$1.10	25d	1	1.04mi
2904 Banza St Tampa, FL	4.0	3.0	2031	$3,200	$1.58	25d	1	1.05mi
2312 E 10th Ave Tampa, FL	3.0	1.0	1520	$2,400	$1.58	18d	1	1.05mi
3624 E Osborne Ave Tampa, FL	4.0	2.0	1963	$2,400	$1.22	25d	1	1.11mi
2312 E 8th Ave Tampa, FL	3.0	2.0	1420	$2,500	$1.76	12d	1	1.12mi
3413 E Louisiana Ave #2 Tampa, FL	3.0	2.5	1489	$2,500	$1.68	25d	1	1.15mi
1807 E 20th Ave Tampa, FL	3.0	2.0	1131	$2,900	$2.56	25d	1	1.16mi
2615 E Curtis St Tampa, FL	3.0	2.0	1572	$1,850	$1.18	21d	1	1.16mi
2708 N 19th St Tampa, FL	3.0	2.0	1680	$2,200	$1.31	17d	1	1.17mi
1808 E Columbus Dr #5 Tampa, FL	2.0	2.5	1620	$1,900	$1.17	3d	1	1.22mi
4403 N 48th St Tampa, FL	4.0	2.0	1387	$2,500	$1.80	25d	1	1.32mi
3210 N 16th St Tampa, FL	4.0	2.0	1380	$1,995	$1.45	22d	1	1.33mi

Listing history 24 events

1. 2026-06-21
   days on market $320,000 Active 114 DOM
2. 2026-06-18
   days on market $320,000 Active 111 DOM
3. 2026-06-17
   days on market $320,000 Active 110 DOM
4. 2026-06-16
   days on market $320,000 Active 109 DOM
5. 2026-06-15
   days on market $320,000 Active 108 DOM
6. 2026-06-13
   days on market $320,000 Active 106 DOM
7. 2026-06-13
   days on market $320,000 Active 105 DOM
8. 2026-06-09
   days on market $320,000 Active 102 DOM
9. 2026-06-08
   days on market $320,000 Active 101 DOM
10. 2026-06-07
    days on market $320,000 Active 100 DOM
11. 2026-06-04
    days on market $320,000 Active 97 DOM
12. 2026-06-03
    days on market $320,000 Active 96 DOM
13. 2026-06-02
    days on market $320,000 Active 95 DOM
14. 2026-06-01
    days on market $320,000 Active 94 DOM
15. 2026-05-31
    days on market $320,000 Active 93 DOM
16. 2026-02-27
    listed $320,000 Active 889-char remark

    Show marketing remark (889 chars)

    Excellent opportunity in one of Tampa’s most desirable and rapidly growing areas! This 4-bedroom, 2-bath home is ideally located just minutes from historic Ybor City and only 7–10 minutes to Downtown Tampa. Situated on a spacious corner parcel spanning two lots, this property offers incredible potential for expansion, outdoor living enhancements, or future redevelopment (buyer to verify zoning and possibilities). The additional land provides flexibility that is hard to find in this area. With convenient access to I-275 and I-4, commuting throughout Tampa Bay is quick and easy. The home needs minor cosmetic updates, making it a fantastic opportunity for homeowners looking to personalize their space or investors seeking to upgrade the property to luxury potential. With a little vision and TLC, this property can truly shine. The Lot can be split with some adjustments.

17. 2023-06-28
    historical
18. 2023-06-07
    status Active
19. 2023-05-21
    historical
20. 2023-04-14
    price $365,000
21. 2023-01-23
    price $400,000
22. 2023-01-22
    status Active
23. 2022-12-31
    historical
24. 2022-07-07
    listed $440,000 Active

ⓘ 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: $3,978 · $332/mo
• Projected year-2 tax: $3,978 · $332/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 · 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: $27,626
• − Mortgage interest: −$17,925
• − Property taxes: −$3,978
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,210
• − Management: −$2,210
• − Depreciation: −$9,309
• Taxable loss: −$9,606
• Est. tax savings @ 24.0%: +$2,305
• After-tax cash flow: $-1,585/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

-27.3% since first listed

9 events — show timeline

• 2026-02-27 Listed $320,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-06-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-05-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-04-14 Price Changed $365,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-23 Price Changed $400,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-07-07 Listed $440,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+26.8%/yr

Latest (2025): $3,978 · +11.2% YoY. Source: county tax records.