Tampa For Real Estate Investment?

[Kinnari Pandya]

Hi,

Looking for guidance on investing in Tampa, what's the vacancy rate, days on market? Specific zip codes that do really well? Also, what can be rented out easily, in terms of size and number of bedrooms? I am looking in to a SFR brand new construction that offers live and work usage. Thank you for your guidance.

[Raymond J. Rodrigues]

Hi @Kinnari Pandya. I know someone buying properties in the Tampa Bay area that around 2018 year built.

They have a unique rental strategy that is grossing around $4200-4500 per month as long-term rentals. Price point is around 400k and they are putting about 20-25% down payment. Their all-in mortgage payment is around $3,000 per month. They are making some pretty good cash flow in today's market. Feel free to message me and I'd be happy to connect you.