Bayside EquitiesOff-Market Acquisitions
3816 W Palmetto Ave
All deals
AvailableBRRRR

3816 W Palmetto Ave

Tampa, FL 33607 · Hillsborough County

Asking

$239,000

ARV

$355,000

Est. spread

$69,000

All-in / ARV

81%

Underwriting

The numbers

Purchase (assignment price)$239,000
Estimated repairs+ $47,000
All-in basis$286,000
After-repair value (ARV)$355,000
Gross spread$69,000
Return on basis (before costs)24.1%
Market rent estimate$2,250/mo
Rent-to-basis (monthly)0.79%

Holding, closing and financing costs not included. Verify all figures independently.

The opportunity

Westshore-area block home with strong rent and resale comps. Add a second bath to hit top-of-market ARV.

  • Minutes to Westshore
  • Add-a-bath upside
  • Fenced yard

Property facts

Property type
Single Family
Strategy
BRRRR
Beds / Baths
3 bd · 1 ba
Living area
1,210 sf
Lot
5,600 sf (0.13 ac)
Year built
1956
Occupancy
Vacant
County
Hillsborough County, FL