ZIP CODE 33647 // TAMPA-ST. PETERSBURG-CLEARWATER, FL // DATA AS OF 2026-09-30
Tampa, FL (33647) Rental Property Cap Rate & Cash Flow Report
Located in Hillsborough County (Tampa, FL), Zip Code 33647 ranks #324 of 500 within this selected sample (35th percentile) with a Zillow ZHVI typical home-value index of $466,612 (-1.2% YoY) and a ZORI observed market rent of $1,805/mo (-2.4% YoY). Requires at least 63.8% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,291/mo
Annual: -$15,488/yr
Modeled Cap Rate
2.75%
NOI: $12,825/yr
Cash-on-Cash Return
-14.43%
Cash Needed: $107,321
1% Rule Ratio
0.39%
Gross Yield: 4.64%
Break-Even Rent
$3,289/mo
State Tax: 0.79%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 33647 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (FL Avg 0.79%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,359/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$736/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (33647)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $390,163 | $1,693/mo | 5.21% |
| 2022 | $500,392 | $1,828/mo | 4.38% |
| 2023 | $491,935 | $1,837/mo | 4.48% |
| 2024 | $495,539 | $1,806/mo | 4.37% |
| 2025 | $472,080 | $1,849/mo | 4.70% |
| 2026 | $466,612 | $1,805/mo | 4.64% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 34787 Winter Garden, FL | $573,339 | $2,249/mo | 2.81% | -$1,559/mo |
| 33157 Village of Palmetto Bay, FL | $627,146 | $2,515/mo | 2.90% | -$1,657/mo |
| 32259 Saint Johns, FL | $546,728 | $2,001/mo | 2.53% | -$1,611/mo |
| 32765 Oviedo, FL | $486,743 | $2,135/mo | 3.29% | -$1,127/mo |
| 34711 Clermont, FL | $426,376 | $1,984/mo | 3.57% | -$888/mo |
| 33186 The Crossings, FL | $523,743 | $2,475/mo | 3.64% | -$1,058/mo |