4725 Joseph Ct #229 · Tampa, FL 33614

$145,000

2 bd · 1.0 ba · 950 sqft · Condo public records · 18 Days on market

Built 1971 $353/mo HOA · 22% 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 +10.9/30.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• DSCR +3.2/10.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SHORT SALE - in highly desirable Habana Park Condominium Development across from St. Joseph's Hospital. Much desired 1st floor corner unit with lots of natural light streaming. Your two parking spaces are located just a few feet away. This is a 2/1, 950 sq. ft. unit. There is plenty of room for your clothes and other belongings in the huge walk-in closet in the master bedroom. Property needs new carpet, interior paint, stove and dishwasher. The community features 2 beautiful pools and picnic and grilling areas. Don't miss this exceptional buy in one of the most sought-after complexes in the area!

Key facts

• Two sparkling pools
• Overlooking the pool
• First floor

Tags

• FIRST FLOOR
• OVERLOOKING THE POOL
• LARGE WALK IN CLOSET
• TWO SPARKLING POOLS
• ON-SITE LAUNDRY FACILITY
• CLUB HOUSE

Property features AI

Finance

• Other: Property type: Residential condominium; Zoning: RM-24
• Financial info: Total annual fees $4,236; Lease restrictions apply
• HOA & community: HOA: West Coast Management/Habana Park; Monthly condo/association fee of $353 (includes pool, structure maintenance, grounds maintenance, sewer, trash, water); Association approval required; Pets allowed with breed restrictions; Community clubhouse and sidewalks

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Cable available; Sewer connected; Water connected
• Home design: Condominium; Single-story; Facing west; Completed condition
• Construction: Block construction; Shingle roof; Slab foundation; Built on 1 level
• Exterior features: Sidewalk; In-ground private pool

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closets
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $-64 ($-766/yr) — negative.
• To cash-flow at today's rent, offer at most $134k (7.8% below list).
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $134k (7.8% below list) — sets the bar for cash-flow.

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 (-1.2%/yr); 210 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 9,053 units permitted in Hillsborough County in 2024 (4,555 in 5+ unit buildings).
• This rent runs 39% of the median local income ($50k/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 $4k 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 18 days — a 2% lower offer ($143k) 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.
• Current owner paid $44k; list at $145k implies a 230% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• 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 $133,717 (7.8% 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. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. 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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 5.76%
• Cash-on-cash: -1.89%
• DSCR: 0.92
• GRM: 7.5

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: -23.9%
• Equity multiple: 0.21×
• Total profit: $-32,063
• Equity at exit: $21,620

10-year hold

• IRR: -37.4%
• Equity multiple: -0.24×
• Total profit: $-50,500
• Equity at exit: $12,537

Cash invested: $40,600 (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 33614

• Home prices YoY: -21.7%
• Rents YoY: -1.2%
• Active inventory: 210
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,614 high
• Mortgage (P&I): −$760
• Tax from tax record: −$165 /mo · $1,984/yr
• Insurance: −$60
• HOA: −$353
• Vacancy / Maint / Mgmt: −$339
• Net cashflow: $-64

Break-even live

Break-even rent $1,695

Max offer price $133,717

Occupancy floor 99%

Sensitivity live

Price	-10% $18	-5% $-23	+0% $-64	+5% $-105	+10% $-146
Rent	-10% $-191	-5% $-128	+0% $-64	+5% $0	+10% $64
Rate	-1.0pp $9	-0.5pp $-27	base $-64	+0.5pp $-101	+1.0pp $-140

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4725 Joseph Ct #234 Tampa, FL	2.0	2.0	1050	$1,420	$1.35	25d	1	0.04mi
4610 N Armenia Ave Tampa, FL	2.0	1.0–2.0	700	$1,625	$2.32	6d	10	0.15mi
4714 N Habana Ave Tampa, FL	1.0–2.0	1.0–2.0	775	$1,865	$2.41	2d	43	0.24mi
4900 N Macdill Ave Tampa, FL	1.0–2.0	1.0	810	$1,685	$2.08	2d	13	0.42mi
2507 W Virginia Ave Apt D Tampa, FL	2.0	1.0	798	$1,700	$2.13	25d	1	0.47mi
2507 W Virginia Ave Apt D Tampa, FL	2.0	1.0	798	$1,675	$2.10	13d	1	0.47mi
4902 N Macdill Ave Tampa, FL	2.0	1.0–2.0	675	$1,550	$2.30	3d	35	0.52mi
2515 W Frierson Ave Tampa, FL	2.0	1.0–2.0	775	$1,650	$2.13	25d	10	0.56mi
5505 N Habana Ave Tampa, FL	1.0–2.0	1.0	660	$1,800	$2.73	0d	4	0.70mi
3350 W Hillsborough Ave Tampa, FL	1.0–2.0	1.0–2.0	825	$1,700	$2.06	0d	53	0.76mi
4103 N Howard Ave Unit A Tampa, FL	3.0	1.0	908	$2,100	$2.31	23d	1	0.78mi
4515 N Rome Ave Tampa, FL	1.0–3.0	1.0–2.5	862	$1,568	$1.82	2d	59	0.80mi
2711 W Heiter St Tampa, FL	2.0	1.0	974	$1,950	$2.00	25d	1	0.83mi
3301 W Woodlawn Ave #2 Tampa, FL	2.0	1.0	670	$1,800	$2.69	25d	1	0.87mi
4009 N Howard Ave Tampa, FL	3.0	1.0–2.0	752	$1,918	$2.55	0d	19	0.90mi
5702 N Lincoln Ave Tampa, FL	2.0	1.0	1000	$1,295	$1.29	3d	4	0.96mi
5704 N Lincoln Ave Unit B Tampa, FL	2.0	1.0	950	$1,295	$1.36	2d	1	0.97mi
5706 N Lincoln Ave Unit C Tampa, FL	2.0	1.0	950	$1,295	$1.36	2d	1	0.98mi
5712 N Lincoln Ave Unit A Tampa, FL	2.0	1.0	950	$1,295	$1.36	2d	1	0.99mi
2511 W Braddock St Unit A Tampa, FL	3.0	2.0	1100	$2,500	$2.27	25d	1	1.00mi
5718 N Lincoln Ave Apt C Tampa, FL	2.0	1.0	950	$1,295	$1.36	2d	1	1.00mi
5720 N Lincoln Ave Unit D Tampa, FL	2.0	1.0	950	$1,295	$1.36	2d	1	1.01mi
3336 W Heiter St Tampa, FL	3.0	2.0	1000	$2,795	$2.79	25d	1	1.04mi
4111 N Poplar Ave Tampa, FL	1.0–2.0	1.0–1.5	800	$1,725	$2.16	0d	22	1.06mi
5505 N Himes Ave Tampa, FL	1.0–3.0	1.0–2.0	1092	$1,655	$1.51	4d	8	1.08mi
5611 N McKay Ave Tampa, FL	2.0	1.0	912	$1,795	$1.97	23d	1	1.14mi
5611 N McKay Ave Tampa, FL	2.0	1.0	912	$1,795	$1.97	25d	1	1.14mi
2424 W Tampa Bay Blvd Unit I103 Tampa, FL	1.0	1.0	846	$1,750	$2.07	25d	1	1.14mi
5510 N Himes Ave Tampa, FL	2.0	1.0–2.0	676	$1,588	$2.35	0d	22	1.20mi
6401 N Armenia Ave Tampa, FL	2.0	1.0	785	$1,449	$1.85	12d	1	1.29mi
6423 N Armenia Ave Tampa, FL	1.0–2.0	1.0	692	$1,449	$2.09	0d	4	1.30mi
6409 N Armenia Ave Tampa, FL	1.0	1.0	600	$1,399	$2.33	25d	1	1.31mi
6425 N Armenia Ave Tampa, FL	1.0	1.0	600	$1,399	$2.33	25d	1	1.32mi
715 W Ohio Ave Tampa, FL	2.0	1.0	1050	$1,923	$1.83	15d	1	1.33mi
6437 N Armenia Ave Tampa, FL	1.0	1.0	600	$1,399	$2.33	25d	1	1.34mi
6429 N Armenia Ave Tampa, FL	2.0	1.0	785	$1,449	$1.85	25d	1	1.36mi
3132 W Lambright St Tampa, FL	1.0	1.0	640	$1,300	$2.03	15d	2	1.38mi
2705 W Columbus Dr Tampa, FL	2.0	1.0	912	$2,100	$2.30	23d	1	1.39mi
2705 W Columbus Dr Unit NA Tampa, FL	2.0	1.0	912	$2,100	$2.30	21d	1	1.39mi
5205 N Boulevard Tampa, FL	1.0–3.0	1.0–2.0	1175	$1,854	$1.58	4d	17	1.40mi

HOA detail condo

• Monthly dues: $353 · $4,236/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-21
   days on market $145,000 Active 18 DOM
2. 2026-06-18
   days on market $145,000 Active 15 DOM
3. 2026-06-17
   days on market $145,000 Active 14 DOM
4. 2026-06-16
   days on market $145,000 Active 13 DOM
5. 2026-06-15
   days on market $145,000 Active 12 DOM
6. 2026-06-13
   days on market $145,000 Active 10 DOM
7. 2026-06-13
   days on market $145,000 Active 9 DOM
8. 2026-06-09
   days on market $145,000 Active 6 DOM
9. 2026-06-08
   days on market $145,000 Active 5 DOM
10. 2026-06-07
    days on market $145,000 Active 4 DOM
11. 2026-06-04
    remarks 509-char remark
12. 2026-06-04
    listed $145,000 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: $1,984 · $165/mo
• Projected year-2 tax: $1,984 · $165/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 ≥107°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: $19,371
• − Mortgage interest: −$8,122
• − Property taxes: −$1,984
• − Insurance: −$725
• − Repairs & maintenance: −$1,550
• − Management: −$1,550
• − HOA: −$4,236
• − Depreciation: −$4,218
• Taxable loss: −$3,014
• Est. tax savings @ 24.0%: +$723
• After-tax cash flow: $-43/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): 47,298
• Household income: $50,232
• Rent vs Own: 56.8% rent · 43.2% own
• Severe rent burden: 3363.0

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: Predominantly Hispanic (67%)
• Race & ethnicity: Hispanic / Latino 67% Two or more races 37% White 18% Black 9% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 14% Cuban 32% Dominican 4%
• Common ancestry: Romanian 1% Slovak 1%
• Foreign-born: 44% · Canada, Jamaica, Vietnam
• Languages at home: 36% English-only · Spanish 58% Vietnamese 2% Other Indo-European 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: ▼ -138.33%
• Current HPI: 498.3567
• Rent YoY: ▼ -1.24%
• 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

+369.3% since first listed

23 events — show timeline

• 2026-06-03 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2015-04-30 Sold (Public Records) $44,000 Public Records
• 2015-04-24 Sold (MLS) $44,000 Stellar MLS as Distributed by MLS Grid
• 2015-03-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-03-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-12-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-11-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-30 Price Changed $45,000 Stellar MLS as Distributed by MLS Grid
• 2014-05-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-05-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-05-06 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 2009-06-16 Sold (Public Records) $75,000 Public Records
• 2009-06-12 Sold (MLS) $75,000 Stellar MLS as Distributed by MLS Grid
• 2009-02-10 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2007-05-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-01-09 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2007-01-04 Sold (Public Records) $113,000 Public Records
• 2006-11-27 Sold (MLS) $113,000 Stellar MLS as Distributed by MLS Grid
• 2006-09-12 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 1989-09-01 Sold (Public Records) $35,500 Public Records
• 1983-06-01 Sold (Public Records) $34,200 Public Records
• 1980-10-01 Sold (Public Records) $30,900 Public Records

Property tax history

+17.5%/yr

Latest (2025): $1,984 · +6.2% YoY. Source: county tax records.