1217 E 24th Ave · Tampa, FL 33605

$175,000

2 bd · 1.0 ba · 1,006 sqft · SingleFamily public records · 1 Days on market

Built 1957 4,680 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 +23.1/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• 1% rule +5.4/10.0
• Schools +4.2/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

* Honey. .. . Stop the car. .. .. . this is the one!!!! * * * * TASTEFULLY UPDATED DREAM HOME. .. . Even your most particular buyers will fall in love with this one!!!! Open floor plan and many NEW updates! New AC!!! Freshly painted inside and out. Brand New flooring throughout the entire home!!!! The cook in your home will appreciate the spacious kitchen with solid wood cabinets updated counters and custom back splash! New stainless steal appliance package! Bathroom has been recently updated with new custom vanity and counters, updated lighting and plumbing fixtures. . Private fenced backyard ideal for pets and or kids! The spacious floor plan makes this home ideal for entertaining. Hurry, this will not last long!!!!!!!

Key facts

• 4,680 sq ft lot
• Parking
• Built 1957

Property features AI

Finance

• Other: Homestead exempt
• HOA & community: No HOA

Exterior

• Parking: Carport (1 space)
• Utilities: Well water; Public sewer; Public utilities
• Home design: Single family residence; Residential property; One story; North-facing
• Construction: Block and stucco construction; Shingle roof; Crawlspace foundation; Built on a 0.11 acre lot (approx. 52 x 90)
• Exterior features: Exterior lighting; Paved road

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Eat-in kitchen; Window treatments
• Laundry & utility: Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).

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; 190 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 $1,824/mo this rent would consume 59% 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 $19k of equity ($1k loan paydown + $18k 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 $49k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y 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 $123k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1957 — 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,000

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.04% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.65%
• DSCR: 1.34
• GRM: 8.0

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: 27.7%
• Equity multiple: 3.18×
• Total profit: $106,655
• Equity at exit: $157,654

10-year hold

• IRR: 23.5%
• Equity multiple: 7.00×
• Total profit: $293,840
• Equity at exit: $339,987

Cash invested: $49,000 (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 33605

• Home prices YoY: 3.7%
• Rents YoY: 0.6%
• Active inventory: 190
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,824 high
• Mortgage (P&I): −$918
• Tax from tax record: −$138 /mo · $1,659/yr
• Insurance: −$73
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $246

Break-even live

Break-even rent $1,513

Max offer price $175,000

Occupancy floor 82%

Sensitivity live

Price	-10% $345	-5% $295	+0% $246	+5% $196	+10% $147
Rent	-10% $102	-5% $174	+0% $246	+5% $318	+10% $390
Rate	-1.0pp $334	-0.5pp $290	base $246	+0.5pp $201	+1.0pp $154

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1212 E 25th Ave Tampa, FL	2.0	1.0	1035	$1,490	$1.44	20d	1	0.03mi
1302 E 21st Ave Tampa, FL	1.0–2.0	1.0–2.0	800	$1,408	$1.76	0d	8	0.15mi
3411 N 13th St Tampa, FL	3.0	2.0	978	$1,895	$1.94	25d	1	0.16mi
1006 E 26th Ave Tampa, FL	2.0	1.0	1000	$1,630	$1.63	5d	1	0.20mi
1105 E 28th Ave Tampa, FL	3.0	1.0	744	$1,525	$2.05	5d	1	0.22mi
1003 E 22nd Ave Tampa, FL	2.0	1.0	1062	$1,639	$1.54	5d	1	0.22mi
3021 Sanchez St Tampa, FL	3.0	1.0	1300	$2,195	$1.69	25d	1	0.25mi
3005 Sanchez St Unit 5 Tampa, FL	2.0	1.0	750	$1,050	$1.40	3d	1	0.28mi
3005 Sanchez St Unit 5 Tampa, FL	2.0	1.0	750	$1,050	$1.40	0d	1	0.28mi
3511 Cone Ct Tampa, FL	3.0	2.0	1256	$2,200	$1.75	5d	1	0.31mi
912 E Saint Clair St Tampa, FL	2.0	1.0	1000	$1,900	$1.90	25d	1	0.31mi
1211 E 18th Ave Unit 2 Tampa, FL	2.0	1.0	725	$1,800	$2.48	18d	1	0.33mi
2907 N 15th St Unit D Tampa, FL	3.0	2.0	888	$1,850	$2.08	5d	1	0.33mi
3519 N 10th St Tampa, FL	3.0	2.0	1200	$1,850	$1.54	18d	1	0.37mi
2810 N 16th St Tampa, FL	2.0	1.0	1066	$2,550	$2.39	13d	1	0.40mi
1605 E 29th Ave Tampa, FL	3.0	1.0	870	$1,800	$2.07	21d	1	0.42mi
1305 E Louise Ave Tampa, FL	3.0	2.0	1384	$2,700	$1.95	25d	1	0.43mi
1221 E Columbus Dr Tampa, FL	2.0	1.0	1000	$1,499	$1.50	25d	1	0.44mi
1301 E Columbus Dr Unit 1 Tampa, FL	1.0	1.0	750	$1,995	$2.66	25d	1	0.44mi
2909 N 17th St Tampa, FL	2.0	1.0	750	$1,350	$1.80	22d	1	0.44mi
1607 E 18th Ave Tampa, FL	2.0	1.0	869	$2,600	$2.99	13d	1	0.45mi
709 E James St Tampa, FL	2.0	1.0	768	$1,695	$2.21	13d	1	0.45mi
1515 E 31st Ave Tampa, FL	2.0	1.0	914	$1,500	$1.64	5d	1	0.46mi
1003 E Columbus Dr Tampa, FL	2.0	1.0	1160	$1,795	$1.55	2d	1	0.46mi
809 E Baker St Unit A Tampa, FL	3.0	1.0	1083	$2,200	$2.03	25d	1	0.48mi
1003 E 15th Ave Tampa, FL	1.0	1.0	750	$1,275	$1.70	25d	1	0.51mi
1807 E 20th Ave Tampa, FL	3.0	2.0	1131	$2,900	$2.56	25d	1	0.51mi
1716 E Columbus Dr Unit A Tampa, FL	2.0	1.0	924	$1,800	$1.95	25d	1	0.57mi
1504 E 33rd Ave Tampa, FL	3.0	2.0	1108	$2,900	$2.62	25d	1	0.57mi
411 E Adalee St Tampa, FL	3.0	1.0	1200	$2,500	$2.08	25d	1	0.62mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	4d	1	0.66mi
2108 E 22nd Ave Tampa, FL	3.0	3.0	1308	$2,100	$1.61	5d	1	0.66mi
933 E 11th Ave Tampa, FL	2.0	1.0	904	$1,590	$1.76	25d	1	0.69mi
503 E Columbus Dr Unit 1 Tampa, FL	2.0	1.5	1000	$2,400	$2.40	25d	1	0.70mi
2006 E Columbus Dr Unit A Tampa, FL	2.0	1.0	896	$1,495	$1.67	2d	1	0.72mi
2205 Chipco St Tampa, FL	2.0	1.0	1100	$1,600	$1.45	25d	1	0.73mi
311 E Floribraska Ave Unit A Tampa, FL	2.0	2.0	800	$2,250	$2.81	18d	1	0.74mi
4207 N 13th St Unit A Tampa, FL	2.0	2.0	832	$2,150	$2.58	25d	1	0.76mi
418 E Amelia Ave Unit G Tampa, FL	2.0	2.0	750	$1,600	$2.13	12d	1	0.76mi
418 E Amelia Ave Unit A Tampa, FL	3.0	2.0	1050	$1,800	$1.71	25d	1	0.76mi

Listing history 8 events

1. 2026-05-12
   status Pending
2. 2026-05-12
   listed $175,000 Active
3. 2017-05-15
   soldstatus $123,000
4. 2017-05-08
   soldstatus $123,000 Sold 738-char remark

   Show marketing remark (738 chars)

   * Honey. .. . Stop the car. .. .. . this is the one!!!! * * * * TASTEFULLY UPDATED DREAM HOME. .. . Even your most particular buyers will fall in love with this one!!!! Open floor plan and many NEW updates! New AC!!! Freshly painted inside and out. Brand New flooring throughout the entire home!!!! The cook in your home will appreciate the spacious kitchen with solid wood cabinets updated counters and custom back splash! New stainless steal appliance package! Bathroom has been recently updated with new custom vanity and counters, updated lighting and plumbing fixtures. . Private fenced backyard ideal for pets and or kids! The spacious floor plan makes this home ideal for entertaining. Hurry, this will not last long!!!!!!!

5. 2017-03-23
   status Pending 738-char remark

   Show marketing remark (738 chars)

   * Honey. .. . Stop the car. .. .. . this is the one!!!! * * * * TASTEFULLY UPDATED DREAM HOME. .. . Even your most particular buyers will fall in love with this one!!!! Open floor plan and many NEW updates! New AC!!! Freshly painted inside and out. Brand New flooring throughout the entire home!!!! The cook in your home will appreciate the spacious kitchen with solid wood cabinets updated counters and custom back splash! New stainless steal appliance package! Bathroom has been recently updated with new custom vanity and counters, updated lighting and plumbing fixtures. . Private fenced backyard ideal for pets and or kids! The spacious floor plan makes this home ideal for entertaining. Hurry, this will not last long!!!!!!!

6. 2017-03-20
   listed $119,900 Active 738-char remark

   Show marketing remark (738 chars)

   * Honey. .. . Stop the car. .. .. . this is the one!!!! * * * * TASTEFULLY UPDATED DREAM HOME. .. . Even your most particular buyers will fall in love with this one!!!! Open floor plan and many NEW updates! New AC!!! Freshly painted inside and out. Brand New flooring throughout the entire home!!!! The cook in your home will appreciate the spacious kitchen with solid wood cabinets updated counters and custom back splash! New stainless steal appliance package! Bathroom has been recently updated with new custom vanity and counters, updated lighting and plumbing fixtures. . Private fenced backyard ideal for pets and or kids! The spacious floor plan makes this home ideal for entertaining. Hurry, this will not last long!!!!!!!

7. 1997-07-30
   soldstatus $41,500
8. 1996-04-11
   soldstatus $45,000

ⓘ 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: $1,659 · $138/mo
• Projected year-2 tax: $1,659 · $138/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 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 23 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: $21,894
• − Mortgage interest: −$9,803
• − Property taxes: −$1,659
• − Insurance: −$1,672
• − Repairs & maintenance: −$1,751
• − Management: −$1,751
• − Depreciation: −$5,091
• Taxable income: $165
• Est. tax owed @ 24.0%: −$40
• After-tax cash flow: $2,912/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

+288.9% since first listed

8 events — show timeline

• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-12 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-15 Sold (Public Records) $123,000 Public Records
• 2017-05-08 Sold (MLS) $123,000 Stellar MLS as Distributed by MLS Grid
• 2017-03-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-03-20 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 1997-07-30 Sold (Public Records) $41,500 Public Records
• 1996-04-11 Sold (Public Records) $45,000 Public Records

Property tax history

+26.6%/yr

Latest (2025): $1,659 · +8.9% YoY. Source: county tax records.