3135 Marine Grass Dr · Wimauma, FL 33598

$378,000

5 bd · 3.0 ba · 3,332 sqft · SingleFamily public records · 16 Days on market

Built 2023 Good condition 6,000 sqft lot $7/mo HOA ↓ 30% since listing

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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 +16.7/30.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• Schools +4.2/10.0
• 1% rule +4.0/10.0
• Condition / age +4.0/5.0
• Appreciation +3.8/10.0
• Livability +3.2/5.0
• Rent growth +1.9/5.0

Listing remarks MLS

Under Construction. As you approach the two-car garage, this two-story beauty greets you with its gorgeous exterior. As you make your way to the front door, you must first pass under the covered entry that leads you into the foyer. You are welcomed in by elegance as the dining room is just to the side, where memories are created with your dinner parties and family gatherings. The dining room has a convenient passage to the kitchen. As you head farther into the home, you will find the family room, conveniently located adjacent to the kitchen. After a delicious dinner, you can continue to entertain or relax in this comfortable room. The kitchen features granite countertops and a large island. The cafe that looks out through the sliding glass doors to the patio is the ideal place to unwind. Past the family room, a passage leads to the first floor guest room with a full bathroom. As you take the stairs to the second floor, you will find the game room to host billiards tournaments and movies nights. Three bedrooms with a shared full bathroom and the owner's suite also reside upstairs. The owner's suite is very spacious and has a walk-in closet; you will look forward all day to retiring into this room. The owner's bathroom is just as impressive as the rest of the home with dual vanities, an enclosed toilet, a large walk-in closet, and a walk-in shower. Contact us today to schedule a tour!

Key facts

• Center bar
• Tile flooring
• Water view

Tags

• WATER VIEW
• BRICK PAVERED DRIVEWAY
• TILE FLOORING
• GRANITE
• WALK IN PANTRY
• CENTER BAR

Property features AI

Finance

• Other: Property type: Residential, single-family; Zoned PD; Lot about 0.14 acre; Universal property ID on file; Unfurnished
• Financial info: Other annual assessment: $2,978; Lease restrictions apply
• HOA & community: HOA managed by Inframark; HOA required with $90 annual fee ($7.50 monthly equivalent); Pets allowed

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; Two levels; Faces east
• Construction: Block construction; Shingle roof; Slab foundation; Built area approximately 3,332 to 3,800 square feet (per records/estimate)
• Exterior features: Paved road access; Water view of a pond; CDD (Community Development District)

Interior

• Kitchen: No kitchen appliances listed
• Bedrooms: 5 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Inside utility; No appliances listed; Ceramic tile flooring
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath single-family listed at $378k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $235 ($3k/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 $342k (9.5% below list).
• Recommended offer: $342k (9.5% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 4.5% in Wimauma — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

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 16 days — a 2% lower offer ($372k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $342,065 (9.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.90% ✗
• Cap rate: 7.04%
• Cash-on-cash: 2.67%
• DSCR: 1.12
• GRM: 9.2

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: -11.6%
• Equity multiple: 0.57×
• Total profit: $-45,884
• Equity at exit: $67,463

10-year hold

• IRR: -7.4%
• Equity multiple: 0.52×
• Total profit: $-50,398
• Equity at exit: $52,075

Cash invested: $105,840 (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: 9.2×

Monthly cashflow live

• Estimated rent: $3,421 medium
• Mortgage (P&I): −$1,982
• Tax from tax record: −$320 /mo · $3,841/yr
• Insurance: −$158
• HOA: −$7
• Vacancy / Maint / Mgmt: −$718
• Net cashflow: $235

Break-even live

Break-even rent $3,123

Max offer price $378,000

Occupancy floor 88%

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: $94,500
• Closing costs: $11,340
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2881 Silver Scallop Loop Wimauma, FL	6.0	3.0	3130	$2,900	$0.93	24d	1	0.57mi
5375 Blue Horizon Way Wimauma, FL	6.0	3.0	3326	$3,000	$0.90	2d	1	0.74mi

HOA detail

• Monthly dues: $7 · $84/yr

Listing history 13 events

1. 2026-06-17
   status $378,000 Pending 16 DOM
2. 2026-06-17
   days on market $378,000 Active 16 DOM
3. 2026-06-16
   days on market $378,000 Active 15 DOM
4. 2026-06-15
   days on market $378,000 Active 14 DOM
5. 2026-06-13
   days on market $378,000 Active 12 DOM
6. 2026-06-13
   days on market $378,000 Active 11 DOM
7. 2026-06-09
   days on market $378,000 Active 8 DOM
8. 2026-06-08
   days on market $378,000 Active 7 DOM
9. 2026-06-07
   days on market $378,000 Active 6 DOM
10. 2026-06-04
    days on market $378,000 Active 3 DOM
11. 2026-06-03
    days on market $378,000 Active 2 DOM
12. 2026-06-02
    remarks 699-char remark
13. 2026-06-02
    listed $378,000 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: $3,841 · $320/mo
• Projected year-2 tax: $3,841 · $320/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 7/10 Severe
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 28 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: $41,048
• − Mortgage interest: −$21,174
• − Property taxes: −$3,841
• − Insurance: −$1,890
• − Repairs & maintenance: −$3,284
• − Management: −$3,284
• − HOA: −$84
• − Depreciation: −$10,996
• Taxable loss: −$3,505
• Est. tax savings @ 24.0%: +$841
• After-tax cash flow: $3,667/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 well-maintained, good-condition single-family home is ready for immediate occupancy and offers a great opportunity for both resale and rental.

Value-add opportunities

• Resale Paint exterior trim — Enhances curb appeal and property value
• Rental Clean gutters — Keeps property in good condition and reduces maintenance costs

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior trim — Enhances curb appeal and property value ↑
• Rental Clean gutters — Keeps property in good condition and reduces maintenance costs ↑

ⓘ 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

-29.7% since first listed

12 events — show timeline

• 2026-06-01 Listed $378,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-29 Sold (MLS) $505,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-04-18 Price Changed $542,880 Stellar MLS as Distributed by MLS Grid
• 2023-01-20 Listed $540,880 Stellar MLS as Distributed by MLS Grid
• 2023-01-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-01-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-01-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-01-07 Listed $540,880 Stellar MLS as Distributed by MLS Grid
• 2022-12-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-07-01 Price Changed $540,880 Stellar MLS as Distributed by MLS Grid
• 2022-06-16 Listed $537,880 Stellar MLS as Distributed by MLS Grid

Property tax history

-6.4%/yr

Latest (2025): $3,841 · +4.6% YoY. Source: county tax records.