[Calc Review] Help me analyze this deal in Tampa!

[Jennie Carolan]

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*This link comes directly from our calculators, based on information input by the member who posted.

[Jason D.]

@Jennie Monfried Even $400/mo is to low for taxes. Hillsborough county re-assesses property value at purchase to 90% of purchase price, so the new taxes on that building will be in the $6000-$7000 range.

Insurance is much too low, even if it's not in a flood zone. I would budget $3000/year, unless you can get a solid quote.

Also, factor in regular termite treatment as a maintenance item, every wood frame property down here has some termite damage or activity, so treatment is a necessity.

If the numbers still work, it could be a decent deal. Tampa is only going to become more desirable and rentals are only going to be more in demand.