2220 20th St S · St. Petersburg, FL 33712

$175,000

2 bd · 1.0 ba · 691 sqft · SingleFamily public records · 33 Days on market

Built 1940 7,500 sqft lot Est $220k · 21% under

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Why this score? — see what drove the C- 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 +15.5/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• Schools +4.3/10.0
• 1% rule +3.8/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2 bedrooms 1 bath Florida Bungalow located on a corner lot with alley. Vinyl exterior siding with newer windows are a few of the many amenities that make this property extra special. This is a Fannie Mae HomePath property. This property is approved for HomePath Renovation Mortgage Financing.

Key facts

• Alley access
• Corner lot
• Close to pier

Tags

• CORNER LOT
• ALLEY ACCESS
• CLOSE TO DOWNTOWN ST PETE
• CLOSE TO GULF BEACHES
• CLOSE TO PIER
• CLOSE TO MARINA DISTRICT

Property features AI

Finance

• Other: Lot size approximately 0.17 acres (50 x 150); Asphalt road surface
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No association or HOA fees

Exterior

• Parking: No parking
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single-family residence; One story; East-facing
• Construction: Frame construction; Shingle roof; Crawlspace foundation; Built area about 691 (public records)
• Exterior features: Corner lot; Trees/landscaped

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Baseboard heating; Mini-split cooling
• Interior features: No notable interior features listed
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $71 ($855/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (12.2% below list).
• Recommended offer: $154k (12.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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 C — 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: Campbell Park Elementary School (math 19% / reading 19%, grade F, #2,111 of 2,144 statewide, top 99%, 462 students, 87% FRL); Bay Point Middle School (math 38% / reading 38%, grade F, #388 of 571 statewide, top 69%, 770 students, 69% FRL); Gibbs High School (math 26% / reading 41%, grade F, #400 of 667 statewide, top 61%, 1,160 students, 64% FRL) — zoned schools average 74% FRL vs 48% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 51% district-wide (-21 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 (-0.8%/yr); 204 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 33 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 7 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 $20k; list at $175k implies a 775% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $153,663 (12.2% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.88% ✗
• Cap rate: 6.78%
• Cash-on-cash: 1.74%
• DSCR: 1.08
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $220,429
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2034 Upton Ct S	0.17mi	2/1.0	676 (-2%)	13mo	$145,000	$214	78
2432 Auburn St S	0.60mi	2/1.0	744 (+8%)	6mo	$249,000	$335	55
2510 Queen St S	0.22mi	3/2.0 (+1)	775 (+12%)	10mo	$247,000	$319	52
1318 Preston St S	0.70mi	2/1.0	776 (+12%)	3mo	$175,000	$226	44

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: -16.8%
• Equity multiple: 0.42×
• Total profit: $-28,343
• Equity at exit: $26,093

10-year hold

• IRR: -14.9%
• Equity multiple: 0.26×
• Total profit: $-36,315
• Equity at exit: $15,131

Cash invested: $49,000 (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

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

Methodology + full state rankings →

ZIP-level market 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,537 high
• Mortgage (P&I): −$918
• Tax from tax record: −$152 /mo · $1,825/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $71

Break-even live

Break-even rent $1,446

Max offer price $175,000

Occupancy floor 90%

Sensitivity live

Price	-10% $170	-5% $121	+0% $71	+5% $22	+10% $-28
Rent	-10% $-50	-5% $11	+0% $71	+5% $132	+10% $193
Rate	-1.0pp $159	-0.5pp $116	base $71	+0.5pp $26	+1.0pp $-20

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2242 23rd Ave S Saint Petersburg, FL	1.0	1.0	450	$1,250	$2.78	6d	1	0.25mi
2242 23rd Ave S Saint Petersburg, FL	1.0	1.0	450	$1,250	$2.78	18d	1	0.25mi
2000 Queensboro Ave S Unit A St. Petersburg, FL	2.0	1.0	616	$1,450	$2.35	26d	1	0.32mi
2425 22nd Ave S Saint Petersburg, FL	1.0	1.0	698	$1,525	$2.18	26d	1	0.37mi
1320 18th Ave S Saint Petersburg, FL	2.0	1.0	750	$1,550	$2.07	19d	1	0.51mi
2028 14th Ave S Unit B St. Petersburg, FL	1.0	1.0	500	$1,640	$3.28	26d	1	0.56mi
2020 14th Ave S Unit B St. Petersburg, FL	1.0	1.0	500	$1,640	$3.28	9d	1	0.56mi
1771 15th Ave S Unit 1/2 St. Petersburg, FL	2.0	1.0	624	$1,195	$1.92	9d	1	0.57mi
2601 18th Ave S Unit B St. Petersburg, FL	1.0	1.0	600	$1,100	$1.83	25d	1	0.64mi
2222 10th St S Unit B St. Petersburg, FL	2.0	1.0	600	$1,800	$3.00	26d	1	0.68mi
1363 1/2 15th St S St. Petersburg, FL	2.0	1.0	500	$1,100	$2.20	23d	1	0.70mi
1529 12th St S Unit A St. Petersburg, FL	2.0	1.5	700	$1,550	$2.21	26d	1	0.70mi
1204 21st St S St. Petersburg, FL	1.0	1.0	584	$1,325	$2.27	16d	1	0.74mi
2030 12th Ave S St. Petersburg, FL	1.0	1.0	622	$1,325	$2.13	14d	1	0.74mi
1931 10th St S St. Petersburg, FL	2.0	1.0	625	$1,675	$2.68	16d	1	0.74mi
2547 14th Ave S Saint Petersburg, FL	2.0	1.0	726	$2,400	$3.31	0d	1	0.78mi
1428 12th St S Saint Petersburg, FL	2.0	1.0	575	$1,400	$2.43	23d	1	0.78mi
1036 19th St S Saint Petersburg, FL	2.0	1.0	575	$1,500	$2.61	26d	1	0.81mi
1919 Doctor Martin Luther King Junior St S Unit 1919 St. Petersburg, FL	1.0	1.0	438	$1,400	$3.20	3d	1	0.83mi
1919 Doctor Martin Luther King Junior St S Unit 1919 St. Petersburg, FL	1.0	1.0	438	$1,730	$3.95	26d	1	0.83mi
1035 15th Ave S Unit B St. Petersburg, FL	1.0	1.0	500	$1,375	$2.75	26d	1	0.87mi
2219 Highland St S #7 St. Petersburg, FL	1.0	1.0	550	$1,200	$2.18	16d	1	0.87mi
2219 Highland St S Unit 3 St. Petersburg, FL	1.0	1.0	550	$1,250	$2.27	26d	1	0.87mi
1035 15th Ave S Unit A St. Petersburg, FL	1.0	1.0	484	$1,350	$2.79	21d	1	0.87mi
1035 15th Ave S Unit A St. Petersburg, FL	1.0	1.0	484	$1,350	$2.79	26d	1	0.87mi
2227 Highland St S Unit 2 St. Petersburg, FL	1.0	1.0	550	$1,200	$2.18	16d	1	0.87mi
925 17th St S Unit B St. Petersburg, FL	1.0	1.0	500	$1,400	$2.80	22d	1	0.89mi
832 20th Ave S #830 St. Petersburg, FL	1.0	1.0	648	$1,300	$2.01	9d	1	0.91mi
1901 31st St S Unit 1/2 St. Petersburg, FL	2.0	1.0	721	$1,950	$2.70	5d	1	0.97mi
840 30th Ave S Unit 2 St. Petersburg, FL	1.0	1.0	690	$1,100	$1.59	26d	1	1.02mi
725 21st Ave S Unit A St. Petersburg, FL	2.0	1.0	750	$1,750	$2.33	19d	1	1.04mi
953 12th Ave S Unit C St. Petersburg, FL	1.0	1.0	403	$1,100	$2.73	26d	1	1.05mi
979 11th Ave S St. Petersburg, FL	2.0	2.0	721	$2,350	$3.26	14d	1	1.06mi
1717 Grove St S Unit 1719 St. Petersburg, FL	1.0	1.0	552	$1,380	$2.50	0d	1	1.08mi
800 15th Ave S Unit 1a St. Petersburg, FL	1.0	1.0	550	$1,600	$2.91	26d	1	1.09mi
711 18th Ave S Unit 3 St. Petersburg, FL	1.0	1.0	462	$1,095	$2.37	4d	1	1.09mi
674 22nd Ave S Saint Petersburg, FL	1.0	1.0	405	$1,250	$3.09	16d	1	1.10mi
626 23rd Ave S Apt A St. Petersburg, FL	1.0	1.0	750	$1,250	$1.67	26d	1	1.15mi
825 32nd Ave S Saint Petersburg, FL	1.0–3.0	1.0–2.5	1518	$2,898	$1.91	4d	17	1.17mi
626 29th Ave S Saint Petersburg, FL	2.0	1.0	540	$1,615	$2.99	26d	1	1.20mi

Listing history 30 events

1. 2026-06-22
   days on market $175,000 Active 33 DOM
2. 2026-06-18
   days on market $175,000 Active 30 DOM
3. 2026-06-17
   days on market $175,000 Active 29 DOM
4. 2026-06-16
   days on market $175,000 Active 28 DOM
5. 2026-06-15
   days on market $175,000 Active 27 DOM
6. 2026-06-13
   days on market $175,000 Active 25 DOM
7. 2026-06-09
   days on market $175,000 Active 21 DOM
8. 2026-06-08
   days on market $175,000 Active 20 DOM
9. 2026-06-07
   days on market $175,000 Active 19 DOM
10. 2026-06-04
    days on market $175,000 Active 16 DOM
11. 2026-06-03
    days on market $175,000 Active 15 DOM
12. 2026-06-01
    days on market $175,000 Active 13 DOM
13. 2026-05-31
    days on market $175,000 Active 12 DOM
14. 2026-05-19
    listed $175,000 Active
15. 2025-09-15
    historical $1,750
16. 2025-09-13
    listed $1,750
17. 2025-09-12
    historical $1,750
18. 2025-09-08
    listed $1,750
19. 2012-07-23
    soldstatus $20,000 301-char remark

    Show marketing remark (301 chars)

    Charming 2 bedrooms 1 bath Florida Bungalow located on a corner lot with alley. Vinyl exterior siding with newer windows are a few of the many amenities that make this property extra special. This is a Fannie Mae HomePath property. This property is approved for HomePath Renovation Mortgage Financing.

20. 2012-05-24
    listed $21,900 301-char remark

    Show marketing remark (301 chars)

    Charming 2 bedrooms 1 bath Florida Bungalow located on a corner lot with alley. Vinyl exterior siding with newer windows are a few of the many amenities that make this property extra special. This is a Fannie Mae HomePath property. This property is approved for HomePath Renovation Mortgage Financing.

21. 2012-05-11
    historical
22. 2012-04-25
    listed $20,000
23. 2007-05-18
    historical
24. 2007-03-14
    listed $99,900
25. 2005-06-01
    soldstatus $82,500
26. 2005-06-01
    soldstatus $80,000
27. 2005-03-11
    listed $82,500
28. 2005-02-25
    soldstatus $42,900
29. 2003-11-12
    soldstatus $69,900
30. 1994-10-06
    soldstatus $8,500

ⓘ 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: $1,825 · $152/mo
• Projected year-2 tax: $1,825 · $152/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 1/10 Low FEMA zone X (unshaded) · 0% 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,440
• − Mortgage interest: −$9,803
• − Property taxes: −$1,825
• − Insurance: −$875
• − Repairs & maintenance: −$1,475
• − Management: −$1,475
• − Depreciation: −$5,091
• Taxable loss: −$2,104
• Est. tax savings @ 24.0%: +$505
• After-tax cash flow: $1,360/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): 27,142
• Household income: $60,450
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1928.0

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: Predominantly Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Slovak 1% Estonian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 92% English-only · French/Haitian/Cajun 3% Spanish 3% Other Indo-European 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: ▼ -275.45%
• Current HPI: 412.7251
• Rent YoY: ▼ -0.77%
• 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

+1958.8% since first listed

17 events — show timeline

• 2026-05-19 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-15 Rental Removed $1,750 BUILDIUM
• 2025-09-13 Listed for Rent $1,750 BUILDIUM
• 2025-09-12 Rental Removed $1,750 STELLARMLS
• 2025-09-08 Listed for Rent $1,750 STELLARMLS
• 2012-07-23 Sold (MLS) $20,000 Stellar MLS as Distributed by MLS Grid
• 2012-05-24 Listed $21,900 Stellar MLS as Distributed by MLS Grid
• 2012-05-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-04-25 Listed $20,000 Stellar MLS as Distributed by MLS Grid
• 2007-05-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-03-14 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2005-06-01 Sold (Public Records) $80,000 Public Records
• 2005-06-01 Sold (MLS) $82,500 Stellar MLS as Distributed by MLS Grid
• 2005-03-11 Listed $82,500 Stellar MLS as Distributed by MLS Grid
• 2005-02-25 Sold (Public Records) $42,900 Public Records
• 2003-11-12 Sold (Public Records) $69,900 Public Records
• 1994-10-06 Sold (Public Records) $8,500 Public Records

Property tax history

+10.5%/yr

Latest (2025): $1,825 · +9.0% YoY. Source: county tax records.