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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
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