3004 E 148th Ave · University, FL 33559

$100,000

2 bd · 1.0 ba · 924 sqft · Manufactured public records · 6 Days on market

Built 1981

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

No HOA! No CDD! Can close IMMEDIATELY! Centrally located close to USF, Bruce B. Downs, I-275, shopping and dining. This home is in need of some minor TLC however it has huge potential for a homeowner or an investor. Newer roof coating, flooring made of sturdy 3/4 inch pressure treated wood. Walk-in shower in the master bedroom, bathtub in 2nd bathroom. Split floorplan. Large storage shed in yard!

Key facts

• Centrally located
• Newer roof coating
• Walk-in shower

Tags

• CENTRALLY LOCATED
• NEWER ROOF COATING
• STURDY FLOORING
• WALK-IN SHOWER
• LARGE STORAGE SHED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $558 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Cap rate 13.0% vs local median 3.9% in University — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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.
• Market conditions: Rents falling (-3.6%/yr); 91 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $691 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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 $19k; list at $100k implies a 435% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $100,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.58% ✓
• Cap rate: 12.98%
• Cash-on-cash: 23.90%
• DSCR: 2.06
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 13.7%
• Equity multiple: 1.52×
• Total profit: $14,696
• Equity at exit: $14,910

10-year hold

• IRR: 20.0%
• Equity multiple: 2.45×
• Total profit: $40,707
• Equity at exit: $8,646

Cash invested: $28,000 (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 33559

• Home prices YoY: -21.0%
• Rents YoY: -3.6%
• Active inventory: 91
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,582 high
• Mortgage (P&I): −$524
• Tax from tax record: −$126 /mo · $1,515/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $558

Break-even live

Break-even rent $876

Max offer price $100,000

Occupancy floor 60%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2812 Somerset Park Dr Tampa, FL	1.0–3.0	1.0–2.0	991	$1,362	$1.37	2d	2	0.37mi
2812 Somerset Park Dr Tampa, FL	1.0–3.0	1.0–2.0	991	$1,398	$1.41	14d	2	0.37mi
2866 Somerset Park Dr #202 Tampa, FL	1.0	1.0	832	$1,600	$1.92	24d	1	0.40mi
14607 Pine Glen Cir Lutz, FL	2.0	1.0	930	$1,625	$1.75	24d	1	0.44mi
2830 Somerset Park Dr #201 Tampa, FL	1.0	1.0	742	$1,225	$1.65	24d	1	0.45mi
2208 Irene St Unit 1501434P Lutz, FL	1.0	1.0	656	$1,989	$3.03	3d	1	0.46mi
14566 Seaford Cir Tampa, FL	1.0–2.0	1.0	718	$1,626	$2.26	3d	10	0.48mi
2205 Irene St Unit 2 Lutz, FL	2.0	1.0	900	$1,195	$1.33	24d	1	0.49mi
14501 Caribbean Breeze Dr Tampa, FL	1.0–2.0	1.0–2.0	837	$1,671	$2.00	1d	35	0.52mi
3110 Grand Pavilion Dr Tampa, FL	1.0–2.0	1.0–2.0	706	$1,617	$2.29	1d	12	0.53mi
14417 Americana Cir Tampa, FL	2.0	1.0	902	$1,550	$1.72	17d	1	0.53mi
15215 Livingston Ave Lutz, FL	2.0	1.0	950	$1,549	$1.63	2d	15	0.53mi
14733 Norwood Oaks Dr #201 Tampa, FL	2.0	2.0	912	$1,800	$1.97	2d	1	0.56mi
3944 Tumble Wood Trl #101 Tampa, FL	2.0	2.0	912	$1,300	$1.43	17d	1	0.59mi
14609 Banyan Bluff Dr Tampa, FL	1.0–2.0	1.0–2.0	868	$1,749	$2.01	1d	16	0.59mi
15081 Cypress Cay Blvd Lutz, FL	1.0–2.0	1.0–2.5	992	$3,200	$3.23	2d	18	0.61mi
4003 Nestle Oaks Pl Tampa, FL	2.0	2.0	921	$1,399	$1.52	24d	1	0.63mi
14401 N 22nd St Tampa, FL	1.0	1.0	680	$1,160	$1.71	23d	3	0.63mi
2321 Cedar Trace Cir Tampa, FL	1.0	1.0	724	$1,099	$1.52	4d	1	0.64mi
14201 Cyber Pl Tampa, FL	1.0–3.0	1.0–3.0	1099	$2,068	$1.88	2d	41	0.65mi
4022 Tumble Wood Trl #201 Tampa, FL	2.0	2.0	912	$1,595	$1.75	24d	1	0.65mi
2362 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,299	$1.40	4d	1	0.67mi
2334 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,299	$1.40	14d	1	0.68mi
2354 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,470	$1.59	14d	1	0.68mi
2352 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,470	$1.59	14d	1	0.68mi
15420 Livingston Ave Lutz, FL	1.0–3.0	1.0–2.0	900	$1,564	$1.74	1d	9	0.70mi
2450 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,299	$1.40	4d	1	0.71mi
14003 Saulk Ct Tampa, FL	1.0–2.0	1.0–2.0	850	$1,517	$1.78	2d	23	0.71mi
2454 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,470	$1.59	24d	1	0.72mi
14555 Bruce B Downs Blvd Tampa, FL	1.0–2.0	1.0–2.0	896	$1,850	$2.06	1d	11	0.72mi
2394 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,299	$1.40	4d	1	0.72mi
2282 Cedar Trace Cir Tampa, FL	1.0	1.0	724	$1,199	$1.66	21d	1	0.72mi
2388 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,470	$1.59	1d	1	0.72mi
2284 Cedar Trace Cir Tampa, FL	1.0	1.0	724	$1,199	$1.66	24d	1	0.73mi
2200 Cedar Trace Cir Tampa, FL	1.0–3.0	1.0–2.0	950	$1,400	$1.47	3d	14	0.73mi
2262 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,470	$1.59	16d	1	0.74mi
2248 Cedar Trace Cir Tampa, FL	2.0	1.5	926	$1,470	$1.59	24d	1	0.74mi
14350 N 22nd St Tampa, FL	1.0	1.0	610	$999	$1.64	2d	1	0.74mi
14610 N 42nd St Unit 211 Tampa, FL	2.0	1.5	900	$1,250	$1.39	24d	1	0.75mi
14610 N 42nd St Unit 220 Tampa, FL	2.0	1.5	900	$1,175	$1.31	24d	1	0.75mi

Listing history 6 events

1. 2026-06-18
   days on market $100,000 Active 6 DOM
2. 2026-06-17
   days on market $100,000 Active 5 DOM
3. 2026-06-16
   days on market $100,000 Active 4 DOM
4. 2026-06-15
   days on market $100,000 Active 3 DOM
5. 2026-06-13
   remarks 399-char remark
6. 2026-06-13
   listed $100,000 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: $1,515 · $126/mo
• Projected year-2 tax: $1,515 · $126/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 ≥109°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 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,985
• − Mortgage interest: −$5,602
• − Property taxes: −$1,515
• − Insurance: −$500
• − Repairs & maintenance: −$1,519
• − Management: −$1,519
• − Depreciation: −$2,909
• Taxable income: $5,423
• Est. tax owed @ 24.0%: −$1,301
• After-tax cash flow: $5,390/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): 18,831
• Household income: $80,185
• Rent vs Own: 41.8% rent · 58.2% own
• Severe rent burden: 602.0

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 0.62)
• Race & ethnicity: White 58% Hispanic / Latino 19% Two or more races 14% Black 11% Asian 6%
• Hispanic origin (detail): Mexican 4% Puerto Rican 6% Cuban 3%
• Common ancestry: Romanian 4% Slovak 2% Lithuanian 2%
• Foreign-born: 12% · Canada, Jamaica, China
• Languages at home: 74% English-only · Spanish 15% Other Indo-European 2% Arabic 2%

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: ▼ -81.64%
• Current HPI: 307.7635
• Rent YoY: ▼ -3.58%
• 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

+434.8% since first listed

4 events — show timeline

• 2026-06-13 Listed $100,000 FSBO.com
• 2017-06-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-04-24 Listed $60,000 Stellar MLS as Distributed by MLS Grid
• 2005-12-29 Sold (Public Records) $18,700 Public Records

Property tax history

+8.2%/yr

Latest (2025): $1,515 · +10.7% YoY. Source: county tax records.