4818 N Highland Ave · Tampa, FL 33603

$200,000

3 bd · 2.0 ba · 876 sqft · SingleFamily public records · 15 Days on market

Built 1928 4,300 sqft lot

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Why this score? — see what drove the C- 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 +19.8/30.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• 1% rule +5.9/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Short Sale. Seller accepting CASH ONLY!! Needs TLC. Bankruptcy short sale will take about 120 days to get response on offer from lien holders. Seminole Heights! Wood floors throughout. Wood-burning fireplace in the living room. Stainless steel appliances, double ovens, breakfast bar, farmhouse sink, range hood with stovetop. The main house includes one bedroom, one bathroom, and a dedicated office that could easily be converted into a second bedroom, making the main residence a potential two-bedroom layout (3 BD / 2 BA if considering the home entirely). The bathroom is updated with a stylish vanity and tilework. Washer and dryer are included in a laundry room that leads directly to the back

Key facts

• Wood floors
• Farmhouse sink
• Double ovens

Tags

• WOOD FLOORS
• WOOD BURNING FIREPLACE
• STAINLESS STEEL APPLIANCES
• DOUBLE OVENS
• BREAKFAST BAR
• FARMHOUSE SINK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $197k (1.5% below list) — sets the bar for market timing.

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: Hillsborough High School (math 30% / reading 48%, grade F, #312 of 667 statewide, top 48%, 1,891 students, 56% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: Rents soft (-1.3%/yr); 207 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 35% of the median local income ($74k/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

• It's been on market 15 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 8 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.

Risks & watch-outs

• Watch-outs: built in 1928 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $197,000 (1.5% below list)

Questions for the listing agent

1. Built in 1928 — 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. 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.
5. 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.
6. 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: 1.09% ✓
• Cap rate: 7.72%
• Cash-on-cash: 5.09%
• DSCR: 1.23
• GRM: 7.6

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: -12.0%
• Equity multiple: 0.58×
• Total profit: $-23,593
• Equity at exit: $29,821

10-year hold

• IRR: -8.5%
• Equity multiple: 0.55×
• Total profit: $-25,433
• Equity at exit: $17,292

Cash invested: $56,000 (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 33603

• Rents YoY: -1.3%
• Active inventory: 207
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,187 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$358 /mo · $4,297/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $237

Break-even live

Break-even rent $1,886

Max offer price $200,000

Occupancy floor 84%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
203 W Haya St Tampa, FL	2.0	1.0	990	$1,950	$1.97	5d	1	0.22mi
4513 N Florida Ave Tampa, FL	2.0	1.0	887	$2,299	$2.59	1d	6	0.28mi
203 W Crest Ave Tampa, FL	2.0	1.0	900	$2,100	$2.33	24d	1	0.29mi
102 W Emma St Unit 1271942P Tampa, FL	2.0	2.0	775	$3,310	$4.27	2d	1	0.32mi
5205 N Boulevard Tampa, FL	1.0–3.0	1.0–2.0	1175	$2,241	$1.91	3d	17	0.43mi
406 W Alva St Tampa, FL	2.0	1.0	936	$2,500	$2.67	24d	1	0.45mi
5305 N Boulevard Tampa, FL	1.0–2.0	1.0–2.5	970	$2,100	$2.16	3d	4	0.49mi
212 W North Bay St Tampa, FL	3.0	1.0	1065	$2,600	$2.44	3d	1	0.49mi
4017 N Seminole Ave Tampa, FL	4.0	1.0	1104	$1,950	$1.77	24d	1	0.61mi
806 E Chelsea St Unit 4 Tampa, FL	2.0	1.0	850	$1,790	$2.11	24d	1	0.66mi
5706 N Suwanee Ave Unit 1271940P Tampa, FL	2.0	1.0	914	$2,747	$3.01	2d	1	0.67mi
302 E Selma Ave Tampa, FL	3.0	1.0	989	$2,200	$2.22	24d	1	0.67mi
816 E Frierson Ave Tampa, FL	3.0	1.0	864	$2,250	$2.60	24d	1	0.69mi
4111 N Poplar Ave Tampa, FL	1.0–2.0	1.0–1.5	800	$1,725	$2.16	2d	22	0.76mi
503 W Idlewild Ave Tampa, FL	2.0	2.0	968	$2,200	$2.27	16d	1	0.83mi
4515 N Rome Ave Tampa, FL	1.0–3.0	1.0–2.5	862	$1,980	$2.30	1d	59	0.91mi
5611 N McKay Ave Tampa, FL	2.0	1.0	912	$1,795	$1.97	22d	1	0.95mi
5611 N McKay Ave Tampa, FL	2.0	1.0	912	$1,795	$1.97	24d	1	0.95mi
715 W Ohio Ave Tampa, FL	2.0	1.0	1050	$1,923	$1.83	14d	1	0.97mi
209 W Emily St Tampa, FL	2.0	1.0	850	$1,550	$1.82	5d	1	1.01mi
1215 E Mohawk Ave Tampa, FL	2.0	1.0	840	$1,800	$2.14	11d	1	1.05mi
809 E Baker St Unit A Tampa, FL	3.0	1.0	1083	$2,200	$2.03	24d	1	1.06mi
128 W North St Tampa, FL	2.0	1.0	610	$1,743	$2.86	5d	1	1.06mi
709 E James St Tampa, FL	2.0	1.0	768	$1,695	$2.21	12d	1	1.11mi
1014 E 31st Ave Unit A Tampa, FL	2.0	1.0	600	$1,149	$1.92	24d	1	1.13mi
4207 N 13th St Unit A Tampa, FL	2.0	2.0	832	$2,150	$2.58	24d	1	1.15mi
310 E Lambright St Unit 310-3 Tampa, FL	2.0	1.0	800	$1,650	$2.06	12d	1	1.20mi
310 E Lambright St Unit 310-1 Tampa, FL	2.0	1.0	800	$1,650	$2.06	24d	1	1.20mi
6416 N Orleans Ave Tampa, FL	2.0	1.0	1008	$2,300	$2.28	15d	1	1.27mi
1517 E Giddens Ave Tampa, FL	2.0	2.0	792	$1,850	$2.34	24d	1	1.29mi
1105 E 28th Ave Tampa, FL	3.0	1.0	744	$1,525	$2.05	5d	1	1.32mi
1006 E 26th Ave Tampa, FL	2.0	1.0	1000	$1,630	$1.63	5d	1	1.34mi
1504 E 33rd Ave Tampa, FL	3.0	2.0	1108	$2,900	$2.62	24d	1	1.36mi
311 E Floribraska Ave Unit A Tampa, FL	2.0	2.0	800	$2,250	$2.81	18d	1	1.38mi
118 W Sligh Ave Unit Main Tampa, FL	2.0	1.0	865	$2,750	$3.18	16d	1	1.41mi
6712 N Harer St Unit 2 Tampa, FL	2.0	1.0	720	$1,425	$1.98	5d	1	1.43mi
6712 N Harer St Tampa, FL	2.0	1.0	720	$1,525	$2.12	24d	1	1.43mi
1709 E Chelsea St Unit F Tampa, FL	2.0	1.0	1041	$1,625	$1.56	24d	1	1.43mi
3411 N 13th St Tampa, FL	3.0	2.0	978	$1,895	$1.94	24d	1	1.44mi
1515 E 31st Ave Tampa, FL	2.0	1.0	914	$1,500	$1.64	5d	1	1.47mi

Listing history 25 events

1. 2026-01-29
   status Pending
2. 2026-01-14
   listed $200,000 Active
3. 2025-04-28
   status Active
4. 2025-04-22
   status Pending
5. 2025-03-08
   listed $325,000 Active
6. 2025-02-19
   historical
7. 2025-02-04
   price $300,000
8. 2025-01-02
   status Active
9. 2024-12-31
   status Pending
10. 2024-12-04
    price $314,900
11. 2024-11-04
    listed $334,900 Active
12. 2021-11-30
    soldstatus $299,900
13. 2021-11-29
    soldstatus $299,900 Closed
14. 2021-10-29
    status Pending
15. 2021-10-21
    listed $299,900 Active
16. 2016-07-19
    soldstatus $183,000 Sold
17. 2016-07-19
    soldstatus $183,000
18. 2016-07-14
    status Pending
19. 2016-06-18
    historical Active with Contract
20. 2016-06-16
    listed $184,900 Active
21. 2006-11-02
    soldstatus $175,000
22. 2006-10-30
    soldstatus $175,000
23. 2006-09-15
    listed $175,000
24. 2003-12-10
    soldstatus $85,500
25. 1990-01-01
    soldstatus $31,600

ⓘ 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: $4,297 · $358/mo
• Projected year-2 tax: $4,297 · $358/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 6/10 Major FEMA zone X (unshaded) · 54% 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,244
• − Mortgage interest: −$11,203
• − Property taxes: −$4,297
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,100
• − Management: −$2,100
• − Depreciation: −$5,818
• Taxable loss: −$273
• Est. tax savings @ 24.0%: +$66
• After-tax cash flow: $2,915/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): 19,869
• Household income: $74,081
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 800.0

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 44% Hispanic / Latino 33% Two or more races 22% Black 17%
• Hispanic origin (detail): Mexican 1% Puerto Rican 7% Cuban 15% Dominican 1%
• Common ancestry: Italian 3% Romanian 2% Slovak 2%
• Foreign-born: 18% · Canada, Jamaica
• Languages at home: 74% English-only · Spanish 25%

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: ▼ -256.57%
• Current HPI: 467.4179
• Rent YoY: ▼ -1.33%
• 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

+532.9% since first listed

25 events — show timeline

• 2026-01-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-14 Listed $200,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-28 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-04-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-03-08 Listed $325,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-04 Price Changed $300,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-12-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-12-04 Price Changed $314,900 Stellar MLS as Distributed by MLS Grid
• 2024-11-04 Listed $334,900 Stellar MLS as Distributed by MLS Grid
• 2021-11-30 Sold (Public Records) $299,900 Public Records
• 2021-11-29 Sold (MLS) $299,900 Stellar MLS as Distributed by MLS Grid
• 2021-10-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-10-21 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 2016-07-19 Sold (Public Records) $183,000 Public Records
• 2016-07-19 Sold (MLS) $183,000 Stellar MLS as Distributed by MLS Grid
• 2016-07-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-06-18 Contingent — Stellar MLS as Distributed by MLS Grid
• 2016-06-16 Listed $184,900 Stellar MLS as Distributed by MLS Grid
• 2006-11-02 Sold (Public Records) $175,000 Public Records
• 2006-10-30 Sold (MLS) $175,000 Stellar MLS as Distributed by MLS Grid
• 2006-09-15 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2003-12-10 Sold (Public Records) $85,500 Public Records
• 1990-01-01 Sold (Public Records) $31,600 Public Records

Property tax history

+18.9%/yr

Latest (2025): $4,297 · +4.2% YoY. Source: county tax records.