TAMPA CASHFLOW MARKETS? ANY OTHER INVESTORS?

[Eric Alvarez]

I have been analyzing various homes in the purchase price ranges of $160,000-250,000 in the Tampa market, St Petersburg, clearwater, Riverview, Lakeland, and Ruskin area. Ive been searching for a cash on cash of 8% or above & cashflow of $200 & above. 

After finding the average rent and expenses on a certain criteria for example (3bed/2bath SFH), (based off 20% down 80% financing)

I've been noticing that i could determine whether these homes would meet my cash on cash & cashflow targets by just basing if off the purchase price (after inputting the average rent & expenses). Ive concluded that only specific purchase prices work for homes in their specific neighborhoods.

Ive found more homes that meet these ROI targets in Jacksonville FL.

Could i get another investor's feedback on thoughts? 

I'm overseas searching for an investment property in Florida looking to put 20% down. 

Searching for an Florida investors / realtors to network and connect with

[Edgar U.]

Tons of great areas in your search bucket. One thig to keep in mind with some areas you sent (i.e) Lakeland, Revierview and other parts of Tampa is that they rely heavily on CDD's (Community Development District) which unlike regular HOA they get rolled into your annual tax bill. When calculating your ROI keep this in mind that you'll like pay higher taxes due to the CDD being rolled in along. Plus, they may or may not have a smallerish HOA usually quarterly or yearly on top of the CDD as well.