Ybor Bungalow Flip

Ybor Bungalow Flip

3 bed 2 bath 1364 sq ft Built in 1925 Single Family
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60
Quality of Comparables
Low High
16 /20
Level of Rehab
Heavy Light
8/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
12/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
6/10
Property Details

Discover an exceptional investment opportunity in one of Tampa’s rapidly evolving neighborhoods. This vintage home is just a few blocks north of the highly anticipated Gasworx project and historic Ybor City. This property offers 3 bedrooms, 2 bathrooms, and just under 1,400 square feet of living space. Although the Hillsborough County Property Appraiser's website lists the property as having three bedrooms, it actually has four. Key features include off-street parking, a fireplace, and strong comparables supporting multiple investment strategies.  

With the neighborhood undergoing significant revitalization, this project presents a prime opportunity for investors. Whether you decide to fix-n-flip or buy and hold, the potential for substantial returns is evident. Renovated homes of a similar style and age in this neighborhood have recently sold for upwards of $375,000. We used a conservative $230 per square foot to arrive at our projected after-repair value of $315,000. Rental rates are also strong in this area with three-bedroom homes breaking $2,000 per month. Don’t miss out on this incredible opportunity to own a piece of Ybor City’s up-and-coming real estate market. Get in early before Gasworx transforms the area and prices begin to rise.

Contact your EquityPro Advisor for more information today.

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We recommend flip
Rental Income
$2,000 mo. / $24,000 yr.
Estimated Taxes
$2,400 / yr.
Maintenance
$500 / yr.
HOA Dues
$0 / yr.
$17,200
Projected Income
9.44%
Estimated APY
$100,450
Projected Income
43.76%
Estimated ROI

Comps

 
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