Updated about 3 years ago on . Most recent reply
SFR Investing in Tampa
Good afternoon! I was hoping to get some advice on Single Family Rental investing in the greater Tampa area. I am seeking homes in the $250-350K range and would love some advice on neighborhoods and expected yields when investing in this market. Any advice would be much appreciated! Thank you in advance! -Michael
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Ybor, Seminole Heights, Midtown and Uptown Tampa all have high appreciation rates and can be underwritten as a Long Term Rental or a Short Term Rental
Two more unique neighborhoods that I would recommend looking at are Carver City/Lincoln Gardens and Palmetto Breach.
Carver City/Lincoln Gardens is located close to the Tampa International Airport, and contrary to what some people may believe, close to airports often represent a great investment opportunity. Carver City-Lincoln Gardens is a little newer and close to the hubbub that is Westshore. It's great for people who love to shop, and dine in restaurants and establishments that are more well known.
Another up and coming neighborhood is Palmetto Beach. It had easy access to both the water and downtown Tampa and in my opinion underpriced. Even though this is an urban area, there are plenty of single-family homes. The neighborhood has a 17-acre park, waterfront fitness trail, playgrounds, and more.