610 28th Ave S · St. Petersburg, FL 33705

$140,000

2 bd · 1.0 ba · 814 sqft · SingleFamily public records · 6 Days on market

Built 1925 5,820 sqft lot Est $253k · 45% under

---

Why this score? — see what drove the B+ 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).

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Schools +4.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Unleash the potential of this absolutely fabulous fixer-upper in highly sought-after South St. Pete! Bursting with opportunity and charm, this property is a dream canvas for investors, visionaries, or anyone ready to create something truly special. Enjoy the rare advantage of side alley access—ideal for adding an income-producing ADU or expanding your vision even further. High and dry in Flood Zone X! Inside, you’ll find original hardwood floors throughout, ready to be restored to their timeless beauty, along with a bright and spacious living room and kitchen filled with natural light. Key updates like a brand-new electrical panel and hot

Key facts

• 5,820 sq ft lot
• Built 1925
• Listed 6 days

Property features AI

Finance

• Other: Property type: Residential, single-family; Total acreage: less than 1/4 acre
• Financial info: Lease restrictions apply
• HOA & community: No HOA

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water and sewer connected
• Home design: Single-family residence; One-story; North-facing; Property in fixer condition
• Construction: Frame construction with wood siding; Shingle roof; Slab foundation; Built area approximately 814–924 square feet
• Exterior features: Paved public road access; Lot about 0.13 acres

Interior

• Kitchen: No appliances listed
• Bedrooms: 2 bedrooms (3 total rooms)
• Flooring: Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Wall/window air conditioning units
• Interior features: Ceiling fans
• Laundry & utility: No laundry in unit

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $548 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Cap rate 11.0% vs local median 2.6% in St. Petersburg — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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: Lakewood Elementary School (math 62% / reading 42%, grade C-, #990 of 2,144 statewide, top 48%, 425 students, 84% FRL); Bay Point Middle School (math 38% / reading 38%, grade F, #388 of 571 statewide, top 69%, 770 students, 69% FRL); Lakewood High School (math 27% / reading 44%, grade F, #367 of 667 statewide, top 57%, 915 students, 59% FRL) — zoned schools average 71% FRL vs 48% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.1%/yr); 308 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 30% of the median local income ($73k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $118k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,000

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 10.99%
• Cash-on-cash: 16.77%
• DSCR: 1.75
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $253,154
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
610 28th Ave S	0.00mi	2/1.0	814 (0%)	1mo	$143,000	$176	99
2530 7th St S	0.17mi	2/1.0	822 (+1%)	22mo	$269,900	$328	72
2344 Oakdale St S	0.37mi	2/2.0	812 (-0%)	18mo	$319,000	$393	64
3835 7th St S	0.67mi	2/1.0	820 (+1%)	6mo	$168,000	$205	62
828 20th Ave S	0.54mi	2/1.0	834 (+2%)	12mo	$280,000	$336	60
2045 11th St S	0.69mi	2/1.0	814 (0%)	15mo	$210,000	$258	55
2720 DR Martin Luther King JR St S	0.29mi	2/1.0	900 (+11%)	18mo	$280,000	$311	54
869 21st Ave S	0.53mi	2/1.0	894 (+10%)	8mo	$206,500	$231	52
827 19th Ave S	0.63mi	2/1.0	831 (+2%)	18mo	$262,500	$316	52
804 17th Ave S	0.74mi	2/1.0	807 (-1%)	21mo	$185,000	$229	46
870 18th Ave S	0.68mi	2/1.0	702 (-14%)	6mo	$175,000	$249	40
226 18th Ave S	0.74mi	2/1.0	734 (-10%)	14mo	$375,000	$511	38

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

5-year hold

• IRR: 4.6%
• Equity multiple: 1.17×
• Total profit: $6,776
• Equity at exit: $20,874

10-year hold

• IRR: 11.2%
• Equity multiple: 1.76×
• Total profit: $29,845
• Equity at exit: $12,105

Cash invested: $39,200 (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

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33705

• Rents YoY: -0.1%
• Active inventory: 308
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,851 high
• Mortgage (P&I): −$734
• Tax from tax record: −$122 /mo · $1,466/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $548

Break-even live

Break-even rent $1,158

Max offer price $140,000

Occupancy floor 65%

Sensitivity live

Price	-10% $627	-5% $587	+0% $548	+5% $508	+10% $469
Rent	-10% $402	-5% $475	+0% $548	+5% $621	+10% $694
Rate	-1.0pp $618	-0.5pp $583	base $548	+0.5pp $512	+1.0pp $475

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
672 28th Ave S Saint Petersburg, FL	3.0	1.0	1032	$1,820	$1.76	26d	1	0.08mi
626 29th Ave S Saint Petersburg, FL	2.0	1.0	540	$1,615	$2.99	26d	1	0.08mi
2729 4th St S Saint Petersburg, FL	1.0–3.0	1.0	565	$1,648	$2.92	26d	4	0.13mi
2800 4th St S Saint Petersburg, FL	1.0	1.0	580	$1,450	$2.50	26d	4	0.16mi
2609 4th St S Saint Petersburg, FL	3.0	1.5	1095	$1,595	$1.46	6d	1	0.17mi
825 32nd Ave S Saint Petersburg, FL	1.0–3.0	1.0–2.5	1518	$2,898	$1.91	4d	17	0.22mi
2651 Bayside Dr S Saint Petersburg, FL	1.0	1.0	747	$1,750	$2.34	6d	1	0.24mi
2410 4th St S Saint Petersburg, FL	3.0	1.0	575	$1,717	$2.99	6d	1	0.28mi
840 30th Ave S Unit 2 St. Petersburg, FL	1.0	1.0	690	$1,100	$1.59	26d	1	0.29mi
626 23rd Ave S Apt A St. Petersburg, FL	1.0	1.0	750	$1,250	$1.67	26d	1	0.30mi
2230 Grove St S Saint Petersburg, FL	2.0	1.0	1108	$1,750	$1.58	6d	1	0.36mi
2835 Dr Martin Luther King Jr St S Saint Petersburg, FL	2.0	1.0	780	$1,450	$1.86	26d	1	0.36mi
2227 Highland St S Unit 2 St. Petersburg, FL	1.0	1.0	550	$1,200	$2.18	17d	1	0.43mi
2219 Highland St S Unit 3 St. Petersburg, FL	1.0	1.0	550	$1,250	$2.27	26d	1	0.44mi
2219 Highland St S Unit 1 St. Petersburg, FL	2.0	1.0	850	$1,650	$1.94	26d	1	0.44mi
2219 Highland St S #7 St. Petersburg, FL	1.0	1.0	550	$1,200	$2.18	17d	1	0.44mi
726 35th Ave S Saint Petersburg, FL	2.0	1.0	972	$1,920	$1.98	0d	2	0.45mi
725 21st Ave S Unit A St. Petersburg, FL	2.0	1.0	750	$1,750	$2.33	20d	1	0.48mi
310 21st Ave S St Petersburg, FL	3.0	1.0	820	$2,150	$2.62	26d	1	0.49mi
3601 6th St S Saint Petersburg, FL	1.0	1.0	788	$1,558	$1.98	6d	1	0.49mi
136 Pompano Dr SE Unit D Saint Petersburg, FL	2.0	2.0	1018	$2,400	$2.36	26d	1	0.52mi
3747 Pompano Dr SE Unit 1 St. Petersburg, FL	2.0	1.5	1053	$2,500	$2.37	20d	1	0.54mi
832 20th Ave S #830 St. Petersburg, FL	1.0	1.0	648	$1,300	$2.01	10d	1	0.55mi
966 22nd Ave S Unit 109 St. Petersburg, FL	2.0	2.0	900	$1,795	$1.99	10d	1	0.56mi
184 Pompano Dr SE Unit D Saint Petersburg, FL	1.0	1.0	561	$1,695	$3.02	10d	1	0.56mi
184 Pompano Dr SE Unit D Saint Petersburg, FL	1.0	1.0	561	$1,650	$2.94	24d	1	0.56mi
2222 10th St S Unit B St. Petersburg, FL	2.0	1.0	600	$1,800	$3.00	26d	1	0.59mi
204 Pompano Dr SE Unit D Saint Petersburg, FL	2.0	2.0	1018	$1,850	$1.82	26d	1	0.60mi
986 22nd Ave S #3 St. Petersburg, FL	2.0	2.0	850	$1,350	$1.59	16d	1	0.60mi
222 Pompano Dr SE Unit H Saint Petersburg, FL	1.0	1.0	823	$1,900	$2.31	6d	1	0.60mi
767 19th Ave S Saint Petersburg, FL	2.0	1.0	800	$1,875	$2.34	6d	1	0.61mi
3857 Pompano Dr SE Saint Petersburg, FL	2.0	2.5	1053	$2,500	$2.37	26d	1	0.62mi
213 Seahorse Dr SE Unit D Saint Petersburg, FL	2.0	1.0	825	$2,100	$2.55	26d	1	0.63mi
213 Seahorse Dr SE Unit B Saint Petersburg, FL	2.0	1.0	825	$2,350	$2.85	22d	1	0.63mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,200	$2.47	4d	1	0.64mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,580	$2.89	22d	1	0.64mi
3873 Pompano Dr SE Unit B Saint Petersburg, FL	2.0	2.0	1018	$2,650	$2.60	26d	1	0.64mi
711 18th Ave S Unit 2 St. Petersburg, FL	2.0	1.0	896	$1,295	$1.45	5d	1	0.65mi
239 Seahorse Dr SE Unit B Saint Petersburg, FL	1.0	1.0	823	$3,300	$4.01	26d	1	0.65mi
173 38th Ave SE Unit 173 St. Petersburg, FL	2.0	1.0	780	$1,675	$2.15	26d	1	0.66mi

Listing history 24 events

1. 2026-05-12
   status Pending
2. 2026-05-06
   listed $140,000 Active
3. 2014-10-21
   status Pending
4. 2014-10-21
   historical
5. 2014-06-14
   status Active
6. 2014-06-10
   historical
7. 2014-05-23
   price $30,000
8. 2014-05-23
   price $23,000
9. 2014-05-23
   listed $25,700 Active
10. 2013-12-03
    historical
11. 2013-08-28
    listed $27,000
12. 2010-05-28
    listed $19,900
13. 2008-07-24
    listed $75,000
14. 2007-11-19
    historical
15. 2007-05-10
    historical
16. 2007-05-04
    listed $75,000
17. 2007-02-28
    historical
18. 2006-11-02
    listed $115,000
19. 2006-08-29
    listed $115,000
20. 2006-01-27
    soldstatus $118,000
21. 2005-10-05
    listed $80,000
22. 1996-12-23
    soldstatus $22,000
23. 1992-11-24
    soldstatus $566,700
24. 1982-03-01
    soldstatus $24,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $1,466 · $122/mo
• Projected year-2 tax: $1,466 · $122/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,215
• − Mortgage interest: −$7,842
• − Property taxes: −$1,466
• − Insurance: −$700
• − Repairs & maintenance: −$1,777
• − Management: −$1,777
• − Depreciation: −$4,073
• Taxable income: $4,580
• Est. tax owed @ 24.0%: −$1,099
• After-tax cash flow: $5,475/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.

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 — St. Petersburg

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Petersburg, FL
• County: Pinellas County · 939,478 people
• City population: 249,151
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,939
• Household income: $73,027
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1386.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: Black 44% White 41% Two or more races 10% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 9% · Canada, Dominican Republic
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -540.28%
• Current HPI: 388.3086
• Rent YoY: ▼ -0.13%
• 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
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+483.3% since first listed

24 events — show timeline

• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2014-10-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-10-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-23 Price Changed $23,000 Stellar MLS as Distributed by MLS Grid
• 2014-05-23 Price Changed $30,000 Stellar MLS as Distributed by MLS Grid
• 2014-05-23 Listed $25,700 Stellar MLS as Distributed by MLS Grid
• 2013-12-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-08-28 Listed $27,000 Stellar MLS as Distributed by MLS Grid
• 2010-05-28 Listed $19,900 Stellar MLS as Distributed by MLS Grid
• 2008-07-24 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2007-11-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-05-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-05-04 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2007-02-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-11-02 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2006-08-29 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-27 Sold (MLS) $118,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-05 Listed $80,000 Stellar MLS as Distributed by MLS Grid
• 1996-12-23 Sold (Public Records) $22,000 Public Records
• 1992-11-24 Sold (Public Records) $566,700 Public Records
• 1982-03-01 Sold (Public Records) $24,000 Public Records

Property tax history

+9.9%/yr

Latest (2025): $1,466 · +5.8% YoY. Source: county tax records.