Rental Property Underwriting in Tampa, FL
Strong rents undercut by the highest insurance costs in the US.
Typical SFR price
$360,000 – $460,000
3-bed rent (monthly)
$2,100 – $2,700
Effective property-tax rate
1.00% – 1.30%
Insurance (annual, ~$300k SFR)
$3,500 – $6,500
Gross rent-to-price (monthly)
0.55% – 0.70%
Landlord-tenant climate
landlord-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Tampa different
- Insurance is the #1 underwriting risk — get a real quote, not a rule of thumb.
- Homestead cap does NOT transfer to rentals — expect full assessed value taxes.
- Hurricane deductibles are separate and can be 2-10% of insured value.
Quick worked example
Mid-range Tampa deal: $410,000 purchase, $2,400/mo rent → gross yield 7.02%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →Rental underwriting in Columbus, OH →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.