6960A Sunset Dr S Unit 1B · South Pasadena, FL
Flood risk 10/10 · Severe
- FEMA flood zone
- AE
- Chance of flooding over 30 yrs
- 0.99%
- Est. flood insurance / yr
- $1,737 – $8,500
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $947 – $1,759
Heat risk 10/10 · Severe
- Hot days now (above 106°F)
- 7 days/yr
- Hot days in 30 yrs
- 26 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D+ grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- 1% rule +8.6/10.0
- Cash flow +7.4/30.0
- Livability +4.1/5.0
- Condition / age +4.0/5.0
- Schools +3.7/10.0
- Rent growth +2.3/5.0
- DSCR +1.6/10.0
- Appreciation +0.0/10.0
$125,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Fully Renovated Corner Unit | 1 Bed + 1 Bath | First Floor | South Pasadena Welcome to effortless Florida living in this beautifully updated corner-unit condo located on the first floor in the heart of South Pasadena. This light-filled residence has been completely renovated, offering brand-new systems and modern finishes throughout for peace of mind and easy living. Step inside to an open-concept layout featuring a bright Great Room that flows seamlessly into a stylish all-white kitchen with stainless steel appliances, ample counter space, and contemporary cabinetry. The spacious bedroom includes a walk-in closet, and the home offers abundant storage throughout.
Key facts
- Fully renovated
- Clubhouse
- Assigned parking
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 1-bed/1.0-bath condo listed at $125k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-586 ($-7k/yr) — negative.
- To cash-flow at today's rent, offer at most $40k (67.8% below list).
- Meets the 1% rule at list price ($2k rent vs $125k).
- Recommended offer: $40k (67.8% below list) — sets the bar for cash-flow.
- Cap rate 4.8% vs local median 1.1% in South Pasadena — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.
Location & tenants
- Location reads 82/100 on livability (#77 in FL, #1,260 nationally) — a professional / high-income tenant draw. Strengths: commute A+, health & safety A+, cost of living A; Watch: amenities D, employment D-.
- Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
- Zoned schools: Azalea Elementary School (math 57% / reading 52%, grade C, #892 of 2,144 statewide, top 44%, 507 students, 60% FRL); Azalea Middle School (math 26% / reading 27%, grade F, #503 of 571 statewide, top 88%, 678 students, 74% FRL); Boca Ciega High School (math 24% / reading 33%, grade F, #458 of 667 statewide, top 69%, 1,423 students, 64% FRL) — zoned schools average 66% FRL vs 48% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 36% at this address vs 51% district-wide (-14 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
- Market conditions: Rents soft (-0.6%/yr); 580 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 100d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 92% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
- Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- It's been on market 121 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
Risks & watch-outs
- Watch-outs: flood insurance adds $427/mo; HOA is 38% of rent.
- Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 121 days. Have you received any prior offers? Is the seller open to a 68% concession, seller financing, or rate buy-down credit?
- Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 1.36% ✓
- Cap rate
- 4.77%
- Cash-on-cash
- -5.45%
- DSCR
- 0.76
- GRM
- 6.1
CMA / ARV
- ARV (median comp)
- $170,670
- List price
- $125,000
- Delta
- -26.76%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 7011 Place DE LA Paix Unit 2A | 0.07mi | 1/1.0 | 725 (-1%) | 1mo | $80,000 | $110 | 94 |
| 1160 Rue Des Rois Unit 1B | 0.05mi | 1/1.0 | 722 (-1%) | 3mo | $120,000 | $166 | 92 |
| 8911 Blind Pass Rd #302 | 1.21mi | 2/1.0 (+1) | 760 (+4%) | 1mo | $245,000 | $322 | 53 |
| 8911 Blind Pass Rd #101 | 1.21mi | 2/1.0 (+1) | 760 (+4%) | 2mo | $200,000 | $263 | 52 |
| 7625 Sun Island Dr S #103 | 0.59mi | 1/1.0 | 600 (-18%) | 1mo | $160,000 | $267 | 47 |
| 10365 Paradise Blvd #4 | 1.41mi | 1/1.0 | 645 (-12%) | 0mo | $145,000 | $225 | 45 |
| 8931 Blind Pass Rd #262 | 1.14mi | 2/1.0 (+1) | 790 (+8%) | 3mo | $380,000 | $481 | 45 |
| 7401 Bay Island Dr S #328 | 0.68mi | 1/1.0 | 595 (-19%) | 3mo | $135,000 | $227 | 40 |
| 7228 6th Ave N | 1.27mi | 2/1.0 (+1) | 820 (+12%) | 2mo | $315,000 | $384 | 38 |
| 6527 3rd Ave S | 0.92mi | 2/1.0 (+1) | 914 (+25%) | 2mo | $325,000 | $356 | 34 |
| 8911 Blind Pass Rd #106 | 1.21mi | 2/1.5 (+1) | 845 (+15%) | 1mo | $180,000 | $213 | 32 |
| 8911 Blind Pass Rd #108 | 1.21mi | 2/1.5 (+1) | 845 (+15%) | 3mo | $190,000 | $225 | 31 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
-3.0% appreciation · 0.0% rent growth · sell at horizon
- IRR
- -69.6%
- Equity multiple
- -0.77×
- Total profit
- $-61,863
- Equity at exit
- $18,638
- IRR
- —
- Equity multiple
- -2.38×
- Total profit
- $-118,419
- Equity at exit
- $10,808
Cash invested: $35,000 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 87 Strongly Landlord-Friendly
- State Florida
- 87 Strongly Landlord-Friendly · R+3
- County
- — inherits STATE
- City
- — inherits STATE
Active competition Active MLS
- For sale now
- 4 active · 1 under contract
- Median asking
- $199,950 ($239/sqft)
- Median days on market
- 132 d
- This list price
- lowest-priced of the active set
- ARV vs active asking
- -2.5% vs current asking $/sqft
Closed sales set the value; these active listings set current market conditions and a practical price ceiling.
ZIP-level market 33707
- Rents YoY
- -0.6%
- Active inventory
- 580
- Price-to-rent
- 6.1×
Monthly cashflow live
- Estimated rent
- $1,704 high interval (Pro) →
- Mortgage (P&I)
- −$656
- Tax est. 1.5%
- −$156 /mo · $1,875/yr
- Insurance
- −$52
- Flood insurance flood zone
- −$427 /mo · $5,118/yr
- HOA
- −$641
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$358
- Net cashflow
- $-586
Break-even live
Sensitivity live
| Price | -10% $-499 | -5% $-542 | +0% $-586 | +5% $-629 | +10% $-672 |
|---|---|---|---|---|---|
| Rent | -10% $-720 | -5% $-653 | +0% $-586 | +5% $-518 | +10% $-451 |
| Rate | -1.0pp $-523 | -0.5pp $-554 | base $-586 | +0.5pp $-618 | +1.0pp $-651 |
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $31,250
- Closing costs
- $3,750
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 6931 Hibiscus Ave S South Pasadena, FL | 1.0 | 1.0 | 500 | $1,200 | $2.40 | 120d | 1 | 0.09mi |
| 1195 Rue des Chateaux Unit 1B South Pasadena, FL | 1.0 | 1.0 | 720 | $1,850 | $2.57 | 99d | 1 | 0.10mi |
| 6950 Avenue des Palais Unit 2A South Pasadena, FL | 1.0 | 1.0 | 720 | $1,550 | $2.15 | 85d | 1 | 0.13mi |
| 7540 Bay Island Dr S South Pasadena, FL | 2.0 | 1.0–2.0 | 827 | $2,350 | $2.84 | 107d | 3 | 0.58mi |
| 1840 Shore Dr S #5 South Pasadena, FL | 1.0 | 1.0 | 528 | $1,900 | $3.60 | 116d | 1 | 0.69mi |
| 1840 Shore Dr S #5 South Pasadena, FL | 1.0 | 1.0 | 528 | $1,900 | $3.60 | 7d | 1 | 0.69mi |
| 1846 Shore Dr S Unit 103 South Pasadena, FL | 1.0 | 1.0 | 740 | $2,200 | $2.97 | 120d | 1 | 0.71mi |
| 1846 Shore Dr S Unit 101 South Pasadena, FL | 1.0 | 1.0 | 747 | $1,900 | $2.54 | 120d | 1 | 0.71mi |
| 1846 Shore Dr S Unit 107 South Pasadena, FL | — | 1.0 | 478 | $1,600 | $3.35 | 120d | 1 | 0.71mi |
| 1859 Shore Dr S South Pasadena, FL | 1.0–2.0 | 1.0–2.0 | 822 | $1,995 | $2.43 | 4d | 3 | 0.71mi |
| 1885 Shore Dr S South Pasadena, FL | 1.0–2.0 | 1.0–2.0 | 872 | $2,225 | $2.55 | 6d | 10 | 0.79mi |
| 6565 5th Ave S St Petersburg, FL | 1.0–2.0 | 1.0–2.0 | 730 | $1,495 | $2.05 | 40d | 1 | 0.83mi |
| 6262 Emerson Ave S St Petersburg, FL | 1.0 | 1.0 | 640 | $1,400 | $2.19 | 40d | 1 | 1.09mi |
| 555 62nd St S Unit 106 St. Petersburg, FL | 1.0 | 1.0 | 640 | $1,385 | $2.16 | 43d | 1 | 1.13mi |
| 555 62nd St S Unit 103 St. Petersburg, FL | 1.0 | 1.0 | 640 | $1,375 | $2.15 | 120d | 1 | 1.13mi |
| 555 62nd St S Unit 102 St. Petersburg, FL | 1.0 | 1.0 | 640 | $1,300 | $2.03 | 109d | 1 | 1.13mi |
| 6256 3rd Ave S Saint Petersburg, FL | 1.0 | 1.0 | 600 | $1,749 | $2.92 | 120d | 1 | 1.15mi |
| 8931 Blind Pass Rd Unit 1545677P St Pete Beach, FL | 1.0 | 1.0 | 645 | $2,965 | $4.60 | 112d | 1 | 1.17mi |
| 8931 Blind Pass Rd #257 St Pete Beach, FL | 1.0 | 1.0 | 645 | $2,000 | $3.10 | 100d | 1 | 1.17mi |
| 8921 Blind Pass Rd St Pete Beach, FL | 1.0 | 1.0 | 580 | $2,025 | $3.49 | 80d | 2 | 1.18mi |
| 8921 Blind Pass Rd St Pete Beach, FL | 1.0 | 1.0 | 580 | $2,175 | $3.75 | 120d | 2 | 1.18mi |
| 8921 Blind Pass Rd #335 St Pete Beach, FL | 1.0 | 1.0 | 590 | $2,100 | $3.56 | 79d | 1 | 1.18mi |
| 520 70th St N Unit 2 St. Petersburg, FL | 1.0 | 1.0 | 570 | $1,350 | $2.37 | 88d | 1 | 1.23mi |
| 8911 Blind Pass Rd #223 St Pete Beach, FL | 1.0 | 1.0 | 645 | $1,750 | $2.71 | 32d | 1 | 1.24mi |
| 8931 Blind Pass Rd St Pete Beach, FL | 1.0 | 1.0 | 645 | $1,850 | $2.87 | 71d | 2 | 1.26mi |
| 7261 Bay St Unit 2 St Pete Beach, FL | — | 1.0 | 350 | $1,295 | $3.70 | 120d | 1 | 1.26mi |
| 7261 Bay St Apt 5 St Pete Beach, FL | — | 1.0 | 350 | $1,295 | $3.70 | 62d | 1 | 1.26mi |
| 7261 Bay St Apt 7 St Pete Beach, FL | 1.0 | 1.0 | 500 | $1,495 | $2.99 | 120d | 1 | 1.26mi |
| 8151 Blind Pass Rd St Pete Beach, FL | 1.0 | 1.0 | 595 | $1,398 | $2.35 | 32d | 2 | 1.26mi |
| 7740 Boca Ciega Dr #108 St Pete Beach, FL | 1.0 | 1.0 | 435 | $1,600 | $3.68 | 120d | 1 | 1.27mi |
| 350 80th Ave Unit B St Pete Beach, FL | 1.0 | 1.0 | 736 | $1,500 | $2.04 | 120d | 1 | 1.28mi |
| 8500 Blind Pass Rd St Pete Beach, FL | 1.0 | 1.0 | 650 | $1,375 | $2.12 | 113d | 1 | 1.28mi |
| 181 73rd Ave Unit A St Pete Beach, FL | — | 1.0 | 500 | $1,300 | $2.60 | 110d | 1 | 1.29mi |
| 9250 Blind Pass Rd Unit 7 St Pete Beach, FL | 1.0 | 1.0 | 650 | $1,499 | $2.31 | 74d | 1 | 1.30mi |
| 9030 Blind Pass Rd Unit C10 St Pete Beach, FL | 1.0 | 1.0 | 573 | $1,600 | $2.79 | 113d | 1 | 1.31mi |
| 9030 Blind Pass Rd #10 St Pete Beach, FL | 1.0 | 1.0 | 600 | $1,600 | $2.67 | 120d | 1 | 1.31mi |
| 9030 Blind Pass Rd Unit C7 St Pete Beach, FL | 1.0 | 1.0 | 573 | $1,600 | $2.79 | 79d | 1 | 1.31mi |
| 9040 Blind Pass Rd Unit A7 St Pete Beach, FL | 1.0 | 1.0 | 573 | $1,595 | $2.78 | 43d | 1 | 1.31mi |
| 9040 Blind Pass Rd Unit B1 St Pete Beach, FL | 1.0 | 1.0 | 573 | $1,749 | $3.05 | 32d | 1 | 1.31mi |
| 9040 Blind Pass Rd St Pete Beach, FL | 1.0 | 1.0 | 600 | $1,600 | $2.67 | 32d | 1 | 1.31mi |
Property features AI
Finance
- Other
- Unit is unfurnishedCondo land includedDirections: From Pasadena Avenue, turn west on Sunset Drive; building will be on the left — walk between buildings toward the pool
- Financial info
- Total monthly fees $641; total annual fees $7,692Lease restrictions apply
- HOA & community
- Monthly association fee of $641 covering common area taxes, pool, escrow reserves, insurance, structure and grounds maintenance, recreational facilities, sewer, trash and waterAssociation approval requiredAssociation dues requiredClubhouseSenior communityCats and dogs allowed
Exterior
- Parking
- No parking details provided
- Security
- No security details provided
- Utilities
- Public waterPublic sewerCable connectedElectricity connectedSewer connectedWater connectedIrrigation equipment
- Home design
- CondominiumResidential propertyOne storyEntry facing eastFirst-floor unit
- Construction
- Block and concrete constructionShingle roofBuilt on slab foundation
- Exterior features
- LightingPool with deck, gunite construction, in-ground with lightingMature landscapingCity limits locationAsphalt road access
Interior
- Kitchen
- DishwasherRangeRefrigeratorElectric water heater
- Bedrooms
- 1 bedroom
- Flooring
- HardwoodBlock and slab foundation
- Bathrooms
- 1 full bathroom
- Heating & cooling
- Central heating (electric)Central air conditioning
- Interior features
- Ceiling fansLiving room / dining room comboSolid surface countersThermostatWalk-in closet(s)
- Laundry & utility
- Common area laundryOutside laundry
HOA detail $641/mo · $7,692/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-09-03days on market $125,000 Active 121 DOM
-
2026-08-31days on market $125,000 Active 118 DOM
-
2026-08-30days on market $125,000 Active 117 DOM
-
2026-08-29days on market $125,000 Active 116 DOM
-
2026-08-28days on market $125,000 Active 115 DOM
-
2026-08-27days on market $125,000 Active 114 DOM
-
2026-08-25days on market $125,000 Active 112 DOM
-
2026-08-24days on market $125,000 Active 111 DOM
-
2026-08-23days on market $125,000 Active 110 DOM
-
2026-08-22days on market $125,000 Active 109 DOM
-
2026-08-21days on market $125,000 Active 108 DOM
-
2026-08-20days on market $125,000 Active 107 DOM
-
2026-08-19days on market $125,000 Active 106 DOM
-
2026-08-18days on market $125,000 Active 105 DOM
-
2026-08-17days on market $125,000 Active 104 DOM
-
2026-08-16days on market $125,000 Active 103 DOM
-
2026-08-15days on market $125,000 Active 102 DOM
-
2026-08-14days on market $125,000 Active 101 DOM
-
2026-08-13days on market $125,000 Active 100 DOM
-
2026-08-12days on market $125,000 Active 99 DOM
-
2026-08-11days on market $125,000 Active 98 DOM
-
2026-08-10days on market $125,000 Active 97 DOM
-
2026-08-09days on market $125,000 Active 96 DOM
-
2026-08-08days on market $125,000 Active 95 DOM
-
2026-08-06days on market $125,000 Active 93 DOM
-
2026-08-05days on market $125,000 Active 92 DOM
-
2026-08-03days on market $125,000 Active 90 DOM
-
2026-07-31days on market $125,000 Active 87 DOM
-
2026-07-30days on market $125,000 Active 85 DOM
-
2026-07-28days on market $125,000 Active 84 DOM
-
2026-07-26days on market $125,000 Active 82 DOM
-
2026-07-24days on market $125,000 Active 80 DOM
-
2026-07-23days on market $125,000 Active 79 DOM
-
2026-07-22days on market $125,000 Active 78 DOM
-
2026-07-21days on market $125,000 Active 77 DOM
-
2026-07-20days on market $125,000 Active 76 DOM
-
2026-07-18days on market $125,000 Active 73 DOM
-
2026-07-16days on market $125,000 Active 72 DOM
-
2026-07-15days on market $125,000 Active 71 DOM
-
2026-07-14days on market $125,000 Active 70 DOM
-
2026-07-13days on market $125,000 Active 69 DOM
-
2026-07-13days on market $125,000 Active 68 DOM
-
2026-07-11days on market $125,000 Active 67 DOM
-
2026-07-10days on market $125,000 Active 66 DOM
-
2026-07-09days on market $125,000 Active 65 DOM
-
2026-07-07days on market $125,000 Active 63 DOM
-
2026-07-06days on market $125,000 Active 62 DOM
-
2026-07-06days on market $125,000 Active 61 DOM
-
2026-07-05days on market $125,000 Active 60 DOM
-
2026-07-03days on market $125,000 Active 59 DOM
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Climate risk First Street
- Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $20,442
- − Mortgage interest
- −$7,002
- − Property taxes
- −$1,875
- − Insurance
- −$5,744
- − Repairs & maintenance
- −$1,635
- − Management
- −$1,635
- − HOA
- −$7,692
- − Depreciation
- −$3,636
- Taxable loss
- −$8,777
- Est. tax savings @ 24.0%
- +$2,107
- After-tax cash flow
- $-4,921/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Condition & rehab AI · 13 photos
This fully renovated corner unit in South Pasadena is in good condition with modern updates and a good condition score. It's ready for move-in and would benefit from a fresh coat of paint and some landscaping to further enhance its curb appeal and value.
Value-add opportunities
- Both paint exterior — enhances curb appeal and resale value ↑
- Both trim landscaping — improves curb appeal and rental appeal ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
Zoned Schools
Schools (NCES district)
- District
- Pinellas
- NCES district ID
- 1201560
- Math proficiency
- 51% ▼ -5.00%
- Reading proficiency
- 51% ▼ -3.00%
- Median HH income
- $46,270
- Composite
- 43.27/100
- National rank
- #3046
- State rank
- #31 of 73 in FL
Livability — South Pasadena
- Score
- 82/100
- State rank
- #77
- US rank
- #1260
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- South Pasadena, FL
- County
- Pinellas County · 1,027,532 people
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Population (ZIP)
- 24,324
- Household income
- $69,951
- Rent vs Own
- Severe rent burden
- 20% of renters
Population outlook (Pinellas County) Hauer SSP2
- Today (2025)
- 1,027,532 people
- By 2030
- 1,063,586 · +3.5%
- By 2040
- 1,125,020 · +9.5%
- By 2050
- 1,168,637 · +13.7%
- By 2075
- 1,265,188 · +23.1%
- By 2100
- 1,260,357 · +22.7%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (81%)
- Race & ethnicity
- White 81% Two or more races 7% Hispanic / Latino 7% Black 6% Asian 2%
- Hispanic origin (detail)
- Mexican 2% Puerto Rican 1% Cuban 1%
- Common ancestry
- Romanian 5% Lithuanian 3% Slovak 3%
- Foreign-born
- 11% · Canada, Vietnam
- Languages at home
- 89% English-only · Spanish 5% Russian/Polish/Slavic 1% French/Haitian/Cajun 1%
Political lean MEDSL · Pinellas
- 2024 margin
- Lean R (+5.2) · D 46.9% · R 52.1%
- 2008→2024 swing
- -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
- All cycles
- 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -555.96%
- Current HPI
- 359.4858
- Rent YoY
- ▼ -0.61%
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- State GDP YoY
- ▲ 3.28%
- F500 in state
- 36
Industry mix (Fortune 500 HQ in FL)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Industrial Technology | 2 | $29B |
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| Insurance | 2 | $17B |
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| Retail | 1 | $60B |
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| Technology Distribution | 1 | $58B |
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| Homebuilding | 1 | $35B |
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| Technology Manufacturing | 1 | $35B |
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Price history
1 event — show timeline
- 2026-04-30 Listed $129,000 Stellar MLS as Distributed by MLS Grid
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…