18002 New Wales Pl
More Than Just a Property
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Nearby Schools
Educational options and performance ratings in the area.
Heritage Elementary School
Benito Middle School
Wharton High School
Tampa, FL Investment Analysis (2026)
Cap Rate Range: 5.8% - 6.9% · Median Rent: $2,600/mo · Effective Tax: 0.91%
Property Overview
A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
18002 New Wales Pl presents a strong value proposition in the Tampa market, priced at approximately $137 per square foot. The 3-bedroom, 3-bathroom configuration is particularly resilient, offering high utility for both families and the professional roommate market common in the New Tampa area. A 7.3% rental yield is robust for this asset class; however, conservative modeling must prioritize the impact of HOA dues and Florida's rising property insurance premiums on net cash flow. While the 4% appreciation is steady, the primary investment thesis rests on yield stability and the property's competitive price point relative to local replacement costs.
- • Excellent price-to-square-footage ratio for the Tampa metro
- • 3/3 layout provides high flexibility for rental strategies
- • Strong gross rental yield exceeding regional averages
- • Location benefits from proximity to major employment hubs and USF
- • HOA fees in this submarket can significantly compress net margins
- • Rising property insurance costs in Florida impact long-term cash flow predictability
- • Townhouse appreciation typically lags behind single-family detached homes
- • Potential for special assessments related to common area maintenance
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-02-24 | Price change | $250,000 | $138 |
| 2026-02-02 | Price change | $265,000 | $146 |
| 2026-01-15 | Price change | $275,000 | $152 |
| 2025-12-23 | Listed for sale | $285,000 | $157 |
| 2009-12-21 | Sold | $119,500 | $66 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2024 | $4,922.4 | $227,452 |
| 2023 | $4,603.74 | $206,775 |
| 2022 | $4,194.61 | $187,977 |
| 2021 | $3,721.35 | $170,888 |
| 2020 | $3,377.8 | $155,599 |
Property Specs
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $14,948/yr
On $57,500 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
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