Tampa, FL โ€” Rental Investment Analysis

๐ŸŸกMODERATEโ€” average returns

Cap Rate

4.5%

Below average

Monthly Cash Flow

-$600

After all expenses

Price-to-Rent

13.1

Investor-friendly

DSCR

0.71

Fails

๐Ÿ“Š Key Metrics

Median Home Price
$399,568
Average Rent (3BR)
$2,300/mo
Price-to-Rent Ratio
13.1(good)
1% Rule
0.63%(fails โ€” need 1%+)
Cash-on-Cash Return
-8.0%
Vacancy Rate
8.0%

๐Ÿ“ˆ Market Strength

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

Customize these numbers โ†’

๐Ÿ“ˆ Population Movement (Tax Year 2021โ†’2022)

Net Migration

+5,146 households

GROWING

Total Inflow

20,309

households moved in

Avg Income (New Residents)

$101,300

per household

Where they're coming from:

1.Hillsborough, FL5,049 households ยท avg $85,066
2.Manatee, FL669 households ยท avg $83,700
3.Orange, FL664 households ยท avg $87,744
4.Cook, IL450 households ยท avg $189,947
5.Miami-Dade, FL416 households ยท avg $108,832

Where residents are leaving to:

1.Hillsborough, FL4,752 households
2.Manatee, FL998 households
3.Hernando, FL642 households
4.Orange, FL431 households
5.Citrus, FL416 households

๐Ÿ’ก Strong net inflow suggests growing rental demand and upward pressure on rents.

๐Ÿ˜๏ธ Best Zip Codes in Tampa for Investors

33619
Cap Rate: 6.8%Cash Flow: +$107/mo$289,568
33605
Cap Rate: 5.7%Cash Flow: -$146/mo$261,423
33610
Cap Rate: 5.6%Cash Flow: -$175/mo$276,661

All Zip Codes in Tampa

ZipCap RateCash FlowHome PriceRent (3BR)DSCR
336196.8%+$107$289,568$2,510/mo1.07
336055.7%-$146$261,423$1,970/mo0.89
336105.6%-$175$276,661$2,060/mo0.88
336075.5%-$260$363,424$2,670/mo0.87
336125.0%-$330$291,138$1,990/mo0.79
336025.0%-$600$521,046$3,550/mo0.78
336134.9%-$395$315,322$2,110/mo0.76
336044.8%-$422$322,939$2,140/mo0.75
336164.8%-$539$409,667$2,710/mo0.75
335234.5%-$404$263,214$1,670/mo0.71
336474.5%-$744$466,881$2,930/mo0.70
346073.7%-$881$399,568$2,210/mo0.59
336113.7%-$1,060$479,810$2,650/mo0.58
336033.7%-$917$403,745$2,200/mo0.57
336183.1%-$1,301$472,948$2,300/mo0.48
338492.9%-$1,132$384,554$1,780/mo0.45
336092.6%-$1,936$614,583$2,690/mo0.41
336062.1%-$3,052$849,529$3,260/mo0.33
336291.0%-$4,622$1,025,330$2,790/mo0.15