6703 S Faul St · Tampa, FL 33616

$160,000

2 bd · 1.0 ba · 843 sqft · SingleFamily public records · 100 Days on market

Built 1952 5,000 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Highest and Best offer by May 5, 2026 at 5 PM. PRIME SOUTH TAMPA LOCATION++++Build Your South Tampa Dream Home, +++CONCRETE BLOCK HOUSE On The property Was Damaged In The Hurricane++++PRICED based on Value In The Structure For Rehab Or The Lot For New Construction+++Screened In Patio Front Porch++Call Today And Get The Ball Rolling On Your New Construction Project! +++Investors!++++ Seize The Opportunity To Own A Piece Of South Tampa In A Rapidly Growing Residential Neighborhood With Many New Builds+++ One Of Tampa's Oldest Neighborhoods+++Easy Access To Major Highways, Shopping, Dining, Top-Rated Schools, And Macdill Air Force Base+++MAKE IT YOURS, CALL TODAY BEFORE IT’S GONE.

Key facts

• Concrete block house
• South tampa location
• Top rated schools

Tags

• SOUTH TAMPA LOCATION
• CONCRETE BLOCK HOUSE
• SCREENED IN PATIO FRONT PORCH
• EASY ACCESS TO MAJOR HIGHWAYS
• TOP RATED SCHOOLS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (9.0% 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: 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 soft (-2.9%/yr); 189 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 $1k of loan paydown is wiped out by about $5k 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 100 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $25k; list at $160k implies a 540% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,600 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
8. 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.
9. 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: 1.35% ✓
• Cap rate: 11.89%
• Cash-on-cash: 19.98%
• DSCR: 1.89
• GRM: 6.2

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: -7.3%
• Equity multiple: 0.74×
• Total profit: $-11,709
• Equity at exit: $23,857

10-year hold

• IRR: -3.0%
• Equity multiple: 0.83×
• Total profit: $-7,601
• Equity at exit: $13,834

Cash invested: $44,800 (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 33616

• Home prices YoY: -27.3%
• Rents YoY: -2.9%
• Active inventory: 189
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,155 high
• Mortgage (P&I): −$839
• Tax from tax record: −$51 /mo · $613/yr
• Insurance: −$67
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $319

Break-even live

Break-even rent $1,751

Max offer price $160,000

Occupancy floor 80%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6701 S West Shore Blvd Unit 10 Tampa, FL	1.0	1.0	550	$1,345	$2.45	24d	1	0.17mi
6601 S West Shore Blvd Tampa, FL	1.0–3.0	1.0–2.5	1015	$2,321	$2.29	2d	8	0.18mi
6619 S West Shore Blvd Unit A Tampa, FL	2.0	1.0	920	$1,600	$1.74	24d	1	0.20mi
6501 S West Shore Blvd Tampa, FL	1.0–3.0	1.0–2.0	980	$2,049	$2.09	3d	16	0.24mi
4950 W Prescott St Tampa, FL	1.0–3.0	1.0–2.0	1062	$3,114	$2.93	20d	22	0.24mi
4950 W Prescott St Unit 5205 Tampa, FL	2.0	2.0	1122	$2,864	$2.55	20d	1	0.27mi
7002 S Kissimmee St Tampa, FL	2.0	1.0	752	$1,350	$1.80	22d	1	0.38mi
7002 S Kissimmee St Unit B Tampa, FL	2.0	1.0	752	$1,450	$1.93	24d	1	0.38mi
4502 W McCoy St Tampa, FL	1.0–2.0	1.0–2.0	891	$2,730	$3.06	2d	14	0.43mi
7108 S Kissimmee St Unit 7108B Tampa, FL	2.0	1.0	700	$1,475	$2.11	5d	1	0.44mi
7108 S Kissimmee St Unit 7106D Tampa, FL	2.0	1.0	700	$1,399	$2.00	5d	1	0.44mi
6822 S Shamrock Rd Tampa, FL	1.0	1.0	561	$1,600	$2.85	18d	6	0.44mi
6301 S West Shore Blvd Tampa, FL	2.0	1.0–2.0	687	$1,979	$2.88	2d	33	0.48mi
6804 S Wall St Tampa, FL	3.0	1.5	1012	$1,800	$1.78	24d	1	0.53mi
7106 S Sparkman St Tampa, FL	3.0	2.0	1011	$3,000	$2.97	24d	1	0.54mi
6711 S Cortez St Tampa, FL	3.0	2.0	1040	$2,650	$2.55	24d	1	0.59mi
7408 S Sherrill St Unit B Tampa, FL	2.0	1.0	625	$1,379	$2.21	24d	1	0.69mi
6207 S West Shore Blvd Tampa, FL	3.0	1.0–2.0	1076	$3,930	$3.65	2d	36	0.70mi
7205 S Manhattan Ave Tampa, FL	2.0	1.0	844	$1,800	$2.13	3d	1	0.83mi
6237 S Manhattan Ave Tampa, FL	2.0	1.0	900	$1,749	$1.94	5d	11	0.84mi
7701 Interbay Blvd Tampa, FL	1.0–3.0	1.0–2.0	1435	$2,934	$2.04	2d	21	0.85mi
4716 W Wisconsin Ave Tampa, FL	3.0	1.0	980	$3,200	$3.27	24d	1	0.93mi
4720 W Leila Ave Tampa, FL	3.0	1.0	864	$1,850	$2.14	11d	1	1.11mi
4720 W Leila Ave Tampa, FL	3.0	1.0	864	$1,850	$2.14	5d	1	1.11mi
4720 W Leila Ave Tampa, FL	3.0	1.0	864	$1,850	$2.14	24d	1	1.11mi
4301 W Bay Ave Tampa, FL	3.0	2.0	950	$2,298	$2.42	20d	1	1.11mi
7210 Interbay Blvd Tampa, FL	3.0	1.0–2.5	1129	$2,943	$2.61	24d	30	1.14mi
5320 S West Shore Blvd Tampa, FL	2.0	1.0–2.0	798	$2,731	$3.42	2d	17	1.27mi
5350 Bridge St Tampa, FL	1.0–3.0	1.0–2.0	1092	$2,999	$2.75	2d	12	1.27mi
5608 S Manhattan Ave Unit A Tampa, FL	2.0	1.0	800	$500	$0.62	18d	1	1.28mi
6422 S Adelia Ave Tampa, FL	2.0	1.0	918	$2,400	$2.61	24d	1	1.31mi
5127 W Tyson Ave Tampa, FL	3.0	1.0–2.5	1078	$4,469	$4.14	5d	25	1.31mi
6910 Interbay Blvd Tampa, FL	1.0–2.0	1.0	750	$1,681	$2.24	22d	10	1.32mi
5432 W Tyson Ave Tampa, FL	1.0–2.0	1.0–2.0	911	$3,653	$4.01	2d	51	1.33mi
6319 S Church Ave Tampa, FL	3.0	2.0	1076	$2,900	$2.70	24d	1	1.36mi
5301 W Tyson Ave Tampa, FL	1.0–3.0	1.0–2.0	1176	$4,045	$3.44	2d	190	1.41mi
5001 Bridge St Tampa, FL	3.0	1.0–2.0	1005	$2,954	$2.94	2d	10	1.42mi
6415 S Roberts Ave Unit 105 Tampa, FL	1.0	1.0	576	$975	$1.69	5d	1	1.42mi
6405 S Roberts Ave Unit B Tampa, FL	2.0	1.0	918	$1,550	$1.69	24d	1	1.44mi
6317 S Roberts Ave Unit A Tampa, FL	2.0	1.0	864	$1,600	$1.85	22d	1	1.45mi

Listing history 5 events

1. 2026-04-29
   price $175,000 693-char remark

   Show marketing remark (693 chars)

   Highest and Best offer by May 5, 2026 at 5 PM. PRIME SOUTH TAMPA LOCATION++++Build Your South Tampa Dream Home, +++CONCRETE BLOCK HOUSE On The property Was Damaged In The Hurricane++++PRICED based on Value In The Structure For Rehab Or The Lot For New Construction+++Screened In Patio Front Porch++Call Today And Get The Ball Rolling On Your New Construction Project! +++Investors!++++ Seize The Opportunity To Own A Piece Of South Tampa In A Rapidly Growing Residential Neighborhood With Many New Builds+++ One Of Tampa's Oldest Neighborhoods+++Easy Access To Major Highways, Shopping, Dining, Top-Rated Schools, And Macdill Air Force Base+++MAKE IT YOURS, CALL TODAY BEFORE IT’S GONE.

2. 2026-04-14
   price $179,990 693-char remark

   Show marketing remark (693 chars)

   Highest and Best offer by May 5, 2026 at 5 PM. PRIME SOUTH TAMPA LOCATION++++Build Your South Tampa Dream Home, +++CONCRETE BLOCK HOUSE On The property Was Damaged In The Hurricane++++PRICED based on Value In The Structure For Rehab Or The Lot For New Construction+++Screened In Patio Front Porch++Call Today And Get The Ball Rolling On Your New Construction Project! +++Investors!++++ Seize The Opportunity To Own A Piece Of South Tampa In A Rapidly Growing Residential Neighborhood With Many New Builds+++ One Of Tampa's Oldest Neighborhoods+++Easy Access To Major Highways, Shopping, Dining, Top-Rated Schools, And Macdill Air Force Base+++MAKE IT YOURS, CALL TODAY BEFORE IT’S GONE.

3. 2026-02-16
   listed $184,990 Active 693-char remark

   Show marketing remark (693 chars)

   Highest and Best offer by May 5, 2026 at 5 PM. PRIME SOUTH TAMPA LOCATION++++Build Your South Tampa Dream Home, +++CONCRETE BLOCK HOUSE On The property Was Damaged In The Hurricane++++PRICED based on Value In The Structure For Rehab Or The Lot For New Construction+++Screened In Patio Front Porch++Call Today And Get The Ball Rolling On Your New Construction Project! +++Investors!++++ Seize The Opportunity To Own A Piece Of South Tampa In A Rapidly Growing Residential Neighborhood With Many New Builds+++ One Of Tampa's Oldest Neighborhoods+++Easy Access To Major Highways, Shopping, Dining, Top-Rated Schools, And Macdill Air Force Base+++MAKE IT YOURS, CALL TODAY BEFORE IT’S GONE.

4. 1996-10-09
   soldstatus $25,000
5. 1983-08-01
   soldstatus $32,300

ⓘ 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: $613 · $51/mo
• Projected year-2 tax: $1,328 · $111/mo
• Expected delta: +$715/yr (+$60/mo · 116.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,862
• − Mortgage interest: −$8,962
• − Property taxes: −$613
• − Insurance: −$5,918
• − Repairs & maintenance: −$2,069
• − Management: −$2,069
• − Depreciation: −$4,655
• Taxable income: $1,575
• Est. tax owed @ 24.0%: −$378
• After-tax cash flow: $3,452/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): 15,830
• Household income: $93,210
• Rent vs Own: 52.0% rent · 48.0% own
• Severe rent burden: 728.0

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 0.59)
• Race & ethnicity: White 60% Hispanic / Latino 16% Black 13% Two or more races 13% Asian 4% Pacific Islander 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 3%
• Common ancestry: Slovak 2% Romanian 2% Hispanic 2%
• Foreign-born: 12% · Canada, Jamaica, Vietnam
• Languages at home: 82% English-only · Spanish 9% Arabic 2% Other Indo-European 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: ▼ -148.14%
• Current HPI: 394.8298
• Rent YoY: ▼ -2.93%
• 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

+441.8% since first listed

5 events — show timeline

• 2026-04-29 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Price Changed $179,990 Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Listed $184,990 Stellar MLS as Distributed by MLS Grid
• 1996-10-09 Sold (Public Records) $25,000 Public Records
• 1983-08-01 Sold (Public Records) $32,300 Public Records

Property tax history

+4.5%/yr

Latest (2025): $613 · +5.1% YoY. Source: county tax records.