3153 Oyster Cove St · Wimauma, FL 33598

$369,000

6 bd · 3.0 ba · 2,634 sqft · SingleFamily public records · 185 Days on market

Built 2022 Good condition 4,800 sqft lot $194/mo HOA · 6% of rent

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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).

• Cash flow +8.9/30.0
• ARV discount +7.5/15.0
• 1% rule +4.3/10.0
• Schools +4.2/10.0
• Condition / age +4.0/5.0
• Appreciation +3.8/10.0
• Livability +3.2/5.0
• DSCR +2.5/10.0
• Rent growth +1.9/5.0

Listing remarks MLS

Under Construction. Boasting two stories, the Seattle is an expansive single-family home with ample room to grow and entertain. The first floor features a modern design with an open kitchen, living room and dining room, along with a versatile bedroom ideal for overnight guests. The second floor is home to four bedrooms, an adaptable loft and the spacious owner’s suite. Interior photos disclosed are different from the actual model being built.

Key facts

• Open floor plan
• Stone countertops
• Oversized patio

Tags

• OPEN FLOOR PLAN
• STONE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LARGE SECOND-FLOOR LOFT
• FENCED BACKYARD
• OVERSIZED PATIO

Property features AI

Finance

• Other: CDD present
• HOA & community: Has HOA; Association fees required; Annual association fee of $90; Monthly HOA charge of $7.50; Second annual association fee of $2,248; Association names: James Amrhein, Inframark; Community allows cats and dogs

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Sewer connected
• Home design: Single family residence; Residential property; Two stories; East-facing
• Construction: Block construction; Shingle roof; Slab foundation; Built using public records measurements
• Exterior features: Hurricane shutters; Paved road access; Irrigation equipment

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Range hood; Refrigerator; Stone counters
• Bedrooms: 6 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan; Split bedroom layout; Stone countertops; Walk-in closet(s); Window treatments
• Laundry & utility: Dedicated laundry room; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath single-family listed at $369k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-294 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $317k (14.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $343k (6.9% below list).
• Recommended offer: $317k (14.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 64/100 on livability (#699 in FL) — a middle-class / working-renter tenant base. Strengths: commute A, cost of living A-, crime B; Watch: schools F, amenities F, employment 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 soft (-2.5%/yr); 674 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• This rent runs 42% of the median local income ($98k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-2.4%/yr); year-one equity from $3k of loan paydown is wiped out by about $9k 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 185 days — a 12% lower offer ($325k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago; this cycle's ask is 14660% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $317,103 (14.1% 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 185 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.93% ✗
• Cap rate: 5.34%
• Cash-on-cash: -3.41%
• DSCR: 0.85
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-2.35% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -21.0%
• Equity multiple: 0.24×
• Total profit: $-78,050
• Equity at exit: $65,856

10-year hold

• IRR: -21.5%
• Equity multiple: -0.17×
• Total profit: $-120,678
• Equity at exit: $50,835

Cash invested: $103,320 (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 33598

• Home prices YoY: -0.9%
• Rents YoY: -2.5%
• Active inventory: 674
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $3,434 medium
• Mortgage (P&I): −$1,935
• Tax from tax record: −$724 /mo · $8,688/yr
• Insurance: −$154
• HOA: −$194
• Vacancy / Maint / Mgmt: −$721
• Net cashflow: $-294

Break-even live

Break-even rent $3,806

Max offer price $317,103

Occupancy floor —

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: $92,250
• Closing costs: $11,070
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5375 Blue Horizon Way Wimauma, FL	6.0	3.0	3326	$3,000	$0.90	1d	1	0.13mi
2881 Silver Scallop Loop Wimauma, FL	6.0	3.0	3130	$2,900	$0.93	24d	1	0.35mi

HOA detail

• Monthly dues: $194 · $2,328/yr

Listing history 21 events

1. 2026-06-13
   statusdays on market $369,000 Pending 185 DOM
2. 2026-06-09
   days on market $369,000 Active 184 DOM
3. 2026-06-08
   days on market $369,000 Active 183 DOM
4. 2026-06-07
   days on market $369,000 Active 182 DOM
5. 2026-06-04
   days on market $369,000 Active 179 DOM
6. 2026-06-03
   days on market $369,000 Active 178 DOM
7. 2026-06-02
   days on market $369,000 Active 177 DOM
8. 2026-06-01
   days on market $369,000 Active 176 DOM
9. 2026-05-31
   days on market $369,000 Active 175 DOM
10. 2026-05-16
    status Active
11. 2026-05-06
    historical $2,500
12. 2026-04-17
    status Pending
13. 2026-04-13
    listed $2,500
14. 2026-03-13
    price $369,000
15. 2026-02-02
    price $379,900
16. 2025-12-12
    price $389,900
17. 2025-11-08
    listed $410,000 Active
18. 2024-09-14
    listed $399,000 Active
19. 2022-12-21
    soldstatus $359,990 Closed 452-char remark

    Show marketing remark (452 chars)

    Under Construction. Boasting two stories, the Seattle is an expansive single-family home with ample room to grow and entertain. The first floor features a modern design with an open kitchen, living room and dining room, along with a versatile bedroom ideal for overnight guests. The second floor is home to four bedrooms, an adaptable loft and the spacious owner’s suite. Interior photos disclosed are different from the actual model being built.

20. 2022-11-07
    status Pending 452-char remark

    Show marketing remark (452 chars)

    Under Construction. Boasting two stories, the Seattle is an expansive single-family home with ample room to grow and entertain. The first floor features a modern design with an open kitchen, living room and dining room, along with a versatile bedroom ideal for overnight guests. The second floor is home to four bedrooms, an adaptable loft and the spacious owner’s suite. Interior photos disclosed are different from the actual model being built.

21. 2022-11-04
    listed $359,990 Active 452-char remark

    Show marketing remark (452 chars)

    Under Construction. Boasting two stories, the Seattle is an expansive single-family home with ample room to grow and entertain. The first floor features a modern design with an open kitchen, living room and dining room, along with a versatile bedroom ideal for overnight guests. The second floor is home to four bedrooms, an adaptable loft and the spacious owner’s suite. Interior photos disclosed are different from the actual model being built.

ⓘ 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: $8,688 · $724/mo
• Projected year-2 tax: $8,688 · $724/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 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $41,211
• − Mortgage interest: −$20,670
• − Property taxes: −$8,688
• − Insurance: −$1,845
• − Repairs & maintenance: −$3,297
• − Management: −$3,297
• − HOA: −$2,328
• − Depreciation: −$10,735
• Taxable loss: −$9,648
• Est. tax savings @ 24.0%: +$2,316
• After-tax cash flow: $-1,210/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.

Condition & rehab AI · 12 photos

Good 80/100 Cosmetic rehab

This almost brand-new home is in excellent condition with modern features and a spacious floor plan. It's ready for immediate occupancy and can be further enhanced with minor updates to the exterior and interior.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics
• Both Landscaping the front yard — Well-maintained landscaping can improve curb appeal and attract potential buyers
• Resale Upgrading the kitchen appliances — Modern appliances can increase the home's appeal to potential buyers
• Resale Upgrading the bathroom fixtures — Upgraded fixtures can enhance the bathroom's appeal and increase its value

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Both Landscaping the front yard — Well-maintained landscaping can improve curb appeal and attract potential buyers ↑
• Resale Upgrading the kitchen appliances — Modern appliances can increase the home's appeal to potential buyers ↑
• Resale Upgrading the bathroom fixtures — Upgraded fixtures can enhance the bathroom's appeal and increase its value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Wimauma

• Score: 64/100
• State rank: #699
• US rank: #14659

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wimauma, FL
• County: Hillsborough County · 1,540,968 people
• City population: 32,820
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 32,820
• Household income: $97,520
• Rent vs Own: 12.8% rent · 87.2% own
• Severe rent burden: 149.0

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 0.67)
• Race & ethnicity: White 40% Hispanic / Latino 39% Black 14% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 26% Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 2% Scotch-Irish 2% Lithuanian 1%
• Foreign-born: 23% · Canada, Jamaica, Guatemala
• Languages at home: 62% English-only · Spanish 35% Other Indo-European 1% 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: ▼ -2.35%
• Current HPI: 271.8552
• Rent YoY: ▼ -2.50%
• 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

-99.3% since first listed

12 events — show timeline

• 2026-05-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Rental Removed $2,500 STELLARMLS
• 2026-04-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Listed for Rent $2,500 STELLARMLS
• 2026-03-13 Price Changed $369,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Price Changed $379,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-12 Price Changed $389,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-08 Listed $410,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-14 Listed $399,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-21 Sold (MLS) $359,990 Stellar MLS as Distributed by MLS Grid
• 2022-11-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-11-04 Listed $359,990 Stellar MLS as Distributed by MLS Grid

Property tax history

+0.1%/yr

Latest (2025): $8,688 · +5.0% YoY. Source: county tax records.