3206 N 29th St · Tampa, FL 33605

$270,000

4 bd · 2.0 ba · 1,358 sqft · SingleFamily public records · 202 Days on market

Built 1925 5,100 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 +16.3/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• Schools +4.2/10.0
• 1% rule +4.1/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

Key facts

• Move-in ready
• Complete remodel
• 5,100 sq ft lot

Tags

• COMPLETE REMODEL
• MOVE-IN READY
• 3 MILES FROM DOWNTOWN TAMPA
• 5 MILES FROM HYDE PARK VILLAGE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $148 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (8.8% below list).
• Recommended offer: $238k (12.0% 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 flat; 187 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $2,463/mo this rent would consume 80% 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 $29k of equity ($2k loan paydown + $27k appreciation (10.0% local appreciation)).
• Hillsborough County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 0.6% rent growth), your $76k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 202 days — a 12% lower offer ($238k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 18y ago; this cycle's ask has dropped $59k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $200k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $237,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 202 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.91% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.36%
• DSCR: 1.10
• GRM: 9.1

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: 25.1%
• Equity multiple: 2.99×
• Total profit: $150,643
• Equity at exit: $243,237

10-year hold

• IRR: 21.6%
• Equity multiple: 6.63×
• Total profit: $425,430
• Equity at exit: $524,551

Cash invested: $75,600 (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: 187
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,463 high
• Mortgage (P&I): −$1,416
• Tax from tax record: −$269 /mo · $3,224/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$517
• Net cashflow: $148

Break-even live

Break-even rent $2,275

Max offer price $270,000

Occupancy floor 89%

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: $67,500
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3114 E 21st Ave Unit 1328494P Tampa, FL	4.0	2.0	1614	$4,889	$3.03	5d	1	0.19mi
3107 Chipco St Tampa, FL	3.0	1.0	1268	$1,799	$1.42	24d	1	0.30mi
3101 E 18th Ave Tampa, FL	3.0	1.0	1050	$1,750	$1.67	3d	1	0.30mi
2610 E Lake Ave Tampa, FL	3.0	2.0	1698	$2,250	$1.33	2d	1	0.43mi
2214 E 18th Ave Tampa, FL	3.0	2.0	1188	$2,295	$1.93	5d	1	0.44mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	5d	1	0.45mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	3d	1	0.45mi
2703 N 24th St Unit 1 Tampa, FL	3.0	3.0	1164	$2,295	$1.97	14d	1	0.46mi
2308 E 15th Ave Tampa, FL	3.0	1.0	936	$1,895	$2.02	14d	1	0.51mi
3511 Bishop Eddie Newkirk Way Tampa, FL	3.0	1.0	1056	$1,800	$1.70	11d	1	0.51mi
3511 Bishop Eddie Newkirk Way Tampa, FL	3.0	1.0	1056	$1,800	$1.70	24d	1	0.51mi
3716 N 31st St Tampa, FL	3.0	2.0	1200	$1,895	$1.58	5d	1	0.53mi
3517 Bishop Eddie Newkirk Way Tampa, FL	3.0	2.0	1200	$2,500	$2.08	24d	1	0.54mi
2607 Lindell Ave Tampa, FL	4.0	2.0	1448	$2,395	$1.65	2d	1	0.55mi
2002 E 18th Ave Tampa, FL	4.0	2.0	1084	$2,400	$2.21	5d	1	0.56mi
2104 E Columbus Dr Unit 301 Tampa, FL	3.0	2.0	1083	$2,050	$1.89	24d	1	0.56mi
2104 E Columbus Dr Tampa, FL	3.0	2.0	1231	$1,995	$1.62	24d	1	0.56mi
3507 E 29th Ave Tampa, FL	3.0	2.0	928	$1,700	$1.83	24d	1	0.58mi
2504 E 12th Ave Tampa, FL	3.0	2.0	1422	$2,500	$1.76	5d	1	0.59mi
1807 E 20th Ave Tampa, FL	3.0	2.0	1131	$2,900	$2.56	24d	1	0.67mi
2708 N 19th St Tampa, FL	3.0	2.0	1680	$2,200	$1.31	16d	1	0.69mi
2312 E 10th Ave Tampa, FL	3.0	1.0	1520	$2,400	$1.58	18d	1	0.71mi
2312 E 9th Ave Tampa, FL	3.0	2.0	1008	$2,200	$2.18	24d	1	0.75mi
4204 N 29th St Tampa, FL	3.0	1.0	957	$1,800	$1.88	24d	1	0.77mi
2312 E 8th Ave Tampa, FL	3.0	2.0	1420	$2,500	$1.76	11d	1	0.80mi
3002 E 38th Ave Tampa, FL	3.0	2.0	1413	$2,600	$1.84	24d	1	0.83mi
3411 E 9th Ave Tampa, FL	4.0	1.0	1116	$1,700	$1.52	24d	1	0.83mi
3210 N 16th St Tampa, FL	4.0	2.0	1380	$1,875	$1.36	2d	1	0.84mi
3210 N 16th St Tampa, FL	4.0	2.0	1380	$1,995	$1.45	22d	1	0.84mi
3021 Sanchez St Tampa, FL	3.0	1.0	1300	$2,195	$1.69	24d	1	0.86mi
1520 E 21st Ave Tampa, FL	3.0	2.0	1671	$2,350	$1.41	16d	1	0.87mi
4303 N 30th St Tampa, FL	3.0	2.0	1260	$3,200	$2.54	1d	1	0.88mi
2907 N 15th St Unit D Tampa, FL	3.0	2.0	888	$1,850	$2.08	5d	1	0.92mi
3705 E North Bay St Tampa, FL	3.0	2.0	969	$1,850	$1.91	3d	1	0.96mi
3002 Arrow St Tampa, FL	5.0	2.5	1544	$1,950	$1.26	24d	1	0.99mi
3212 E Emma St Tampa, FL	4.0	2.0	1332	$2,300	$1.73	3d	1	1.00mi
3111 E Cayuga St Tampa, FL	4.0	2.0	1315	$2,250	$1.71	24d	1	1.01mi
3724 E 38th Ave Tampa, FL	3.0	2.0	1188	$1,895	$1.60	24d	1	1.05mi
1504 E 33rd Ave Tampa, FL	3.0	2.0	1108	$2,900	$2.62	24d	1	1.07mi
2615 E Curtis St Tampa, FL	3.0	2.0	1572	$1,850	$1.18	20d	1	1.08mi

Listing history 29 events

1. 2026-06-04
   days on market $270,000 Active 202 DOM
2. 2026-06-03
   days on market $270,000 Active 201 DOM
3. 2026-06-02
   days on market $270,000 Active 200 DOM
4. 2026-06-01
   days on market $270,000 Active 199 DOM
5. 2026-05-31
   days on market $270,000 Active 198 DOM
6. 2026-05-11
   price $270,000 549-char remark

   Show marketing remark (549 chars)

   BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

7. 2026-05-05
   price $279,900 549-char remark

   Show marketing remark (549 chars)

   BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

8. 2026-04-28
   price $289,900 549-char remark

   Show marketing remark (549 chars)

   BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

9. 2026-03-24
   price $299,900 549-char remark

   Show marketing remark (549 chars)

   BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

10. 2026-02-19
    price $305,000 549-char remark

    Show marketing remark (549 chars)

    BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

11. 2026-01-27
    price $310,000 549-char remark

    Show marketing remark (549 chars)

    BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

12. 2025-11-24
    price $319,000 549-char remark

    Show marketing remark (549 chars)

    BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

13. 2025-11-14
    listed $329,000 Active 549-char remark

    Show marketing remark (549 chars)

    BACK ON THE MARKET WITH PRICE IMPROVEMENT! This beautifully renovated property is a fantastic opportunity for both homeowners and investors. Featuring a complete remodel, it’s move-in ready and located just 3 miles from Downtown Tampa, Armature Works, and close to the University of Tampa – making it ideal for rental income or personal living. You're also just 5 miles from the vibrant Hyde Park Village. Location! Location! Location! Don’t miss this prime location with strong appreciation potential! Seller is motivated to sell!

14. 2025-11-04
    historical
15. 2025-07-29
    price $345,000
16. 2025-06-25
    price $359,000
17. 2025-03-29
    price $368,000
18. 2025-01-20
    listed $386,000 Active
19. 2023-11-30
    soldstatus $200,000
20. 2023-11-17
    soldstatus $196,000 Closed
21. 2023-10-20
    status Pending
22. 2023-10-10
    listed $190,000 Active
23. 2022-11-15
    soldstatus $1,092,534
24. 2009-07-24
    soldstatus $24,900
25. 2009-04-21
    listed $24,900
26. 2008-05-28
    listed $79,900
27. 2008-05-28
    historical
28. 2008-01-09
    listed $114,900
29. 2005-11-29
    soldstatus $140,000

ⓘ 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: $3,224 · $269/mo
• Projected year-2 tax: $3,224 · $269/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: $29,552
• − Mortgage interest: −$15,124
• − Property taxes: −$3,224
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,364
• − Management: −$2,364
• − Depreciation: −$7,855
• Taxable loss: −$2,729
• Est. tax savings @ 24.0%: +$655
• After-tax cash flow: $2,436/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

+92.9% since first listed

24 events — show timeline

• 2026-05-11 Price Changed $270,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Price Changed $289,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $299,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Price Changed $305,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Price Changed $310,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-24 Price Changed $319,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-14 Listed $329,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-29 Price Changed $345,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-25 Price Changed $359,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-29 Price Changed $368,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-20 Listed $386,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-30 Sold (Public Records) $200,000 Public Records
• 2023-11-17 Sold (MLS) $196,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-10-10 Listed $190,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-15 Sold (Public Records) $1,092,534 Public Records
• 2009-07-24 Sold (MLS) $24,900 Stellar MLS as Distributed by MLS Grid
• 2009-04-21 Listed $24,900 Stellar MLS as Distributed by MLS Grid
• 2008-05-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-05-28 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2008-01-09 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2005-11-29 Sold (Public Records) $140,000 Public Records

Property tax history

+13.8%/yr

Latest (2025): $3,224 · +4.0% YoY. Source: county tax records.