1244 20th Ave S · St. Petersburg, FL 33705

$265,000

3 bd · 1.5 ba · 1,425 sqft · SingleFamily public records · 79 Days on market

Built 1924 6,578 sqft lot Est $346k · 23% 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 +15.9/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• Schools +4.3/10.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BANK OWNED!! NOT A SHORT SALE!! 3 BEDROOM 1.5 BATHROOMS, GREAT OPPORTUNITY TO BUY A HOUSE THAT NEEDS TLC AND MAKE IT YOUR OWN!!! LOCATED CLOSE TO SCHOOLS SHOPPING, AND INTERSTATE

Key facts

• Quiet street
• Spacious backyard
• 6,578 sq ft lot

Tags

• QUIET STREET
• SPACIOUS BACKYARD
• TURNKEY INVESTMENT OPPORTUNITY

Property features AI

Finance

• Other: Property type: Residential — Single Family Residence; Total living area reported as 1,425 square feet; Lot zoning indicated compatible; Property listed by ELITE TAMPA BAY REALTY LLC
• HOA & community: No HOA association indicated

Exterior

• Utilities: Public water; Public sewer; Electricity available and connected; Natural gas available; Cable available and connected; Water connected; Sewer connected
• Home design: Single family residence; One story; Faces north; Residential property
• Construction: Vinyl siding; Shingle roof; Slab foundation; Built in 1 story
• Exterior features: Asphalt road access; Lot approximately 0.15 acres (49 x 130)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Ceiling fans; Thermostat
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $126 ($2k/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 $231k (12.7% below list).
• Recommended offer: $231k (12.7% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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); John Hopkins Middle School (math 25% / reading 27%, grade F, #506 of 571 statewide, top 89%, 723 students, 66% FRL); Gibbs High School (math 26% / reading 41%, grade F, #400 of 667 statewide, top 61%, 1,160 students, 64% FRL) — zoned schools average 73% FRL vs 48% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 51% district-wide (-25 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 (-0.1%/yr); 308 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 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 $2k of loan paydown is wiped out by about $8k 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 79 days — a 6% lower offer ($249k) is reasonable based on typical stale-listing flexibility.
• 8 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 $18k; list at $265k implies a 1372% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $231,427 (12.7% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.87% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.04%
• DSCR: 1.09
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $346,275
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2324 13th St S	0.21mi	3/2.0	1,415 (-1%)	8mo	$429,000	$303	81
1618 20th Ave S	0.23mi	3/1.0	1,378 (-3%)	3mo	$120,000	$87	79
1717 Preston St S	0.37mi	3/2.0	1,421 (-0%)	11mo	$345,000	$243	71
1600 27th Ave S	0.48mi	3/2.0	1,524 (+7%)	2mo	$212,000	$139	62
834 18th Ave S	0.41mi	3/1.0	1,294 (-9%)	3mo	$330,000	$255	61
1126 Melrose Ave S	0.48mi	3/2.0	1,293 (-9%)	1mo	$375,000	$290	60
1333 Melrose Ave S	0.51mi	3/2.0	1,320 (-7%)	5mo	$300,000	$227	57
977 27th Ave S	0.45mi	3/1.0	1,308 (-8%)	8mo	$158,000	$121	57
1307 12th Ave S	0.60mi	4/2.0 (+1)	1,349 (-5%)	4mo	$240,000	$178	53
1962 15th Ave S	0.62mi	3/1.0	1,245 (-13%)	3mo	$122,000	$98	46
2703 18th St S	0.61mi	3/2.0	1,221 (-14%)	1mo	$329,900	$270	45
650 27th Ave S	0.73mi	4/2.0 (+1)	1,350 (-5%)	13mo	$375,000	$278	39

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: -16.3%
• Equity multiple: 0.44×
• Total profit: $-41,732
• Equity at exit: $39,512

10-year hold

• IRR: -14.0%
• Equity multiple: 0.29×
• Total profit: $-52,384
• Equity at exit: $22,912

Cash invested: $74,200 (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: 9.5×

Monthly cashflow live

• Estimated rent: $2,314 high
• Mortgage (P&I): −$1,390
• Tax from tax record: −$202 /mo · $2,424/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$486
• Net cashflow: $126

Break-even live

Break-even rent $2,155

Max offer price $265,000

Occupancy floor 90%

Sensitivity live

Price	-10% $276	-5% $201	+0% $126	+5% $51	+10% $-24
Rent	-10% $-57	-5% $35	+0% $126	+5% $218	+10% $309
Rate	-1.0pp $260	-0.5pp $194	base $126	+0.5pp $57	+1.0pp $-12

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2003 10th St S Saint Petersburg, FL	4.0	2.0	1620	$2,349	$1.45	9d	1	0.16mi
1715 14th St S St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	26d	1	0.19mi
1701 14th St S Unit A St. Petersburg, FL	2.0	1.0	1100	$1,950	$1.77	26d	1	0.20mi
1013 20th Ave S Saint Petersburg, FL	4.0	2.0	1124	$1,775	$1.58	0d	1	0.22mi
966 22nd Ave S Unit 109 St. Petersburg, FL	2.0	2.0	900	$1,795	$1.99	9d	1	0.27mi
930 20th Ave S St. Petersburg, FL	3.0	1.0	1190	$1,950	$1.64	0d	1	0.28mi
1900 17th St S Saint Petersburg, FL	2.0	2.0	1027	$3,260	$3.17	0d	1	0.29mi
944 18th Ave S Unit A St. Petersburg, FL	3.0	1.0	1013	$2,100	$2.07	19d	1	0.30mi
1535 13th St S Saint Petersburg, FL	4.0	2.0	1716	$2,850	$1.66	26d	1	0.32mi
1763 Preston St S Saint Petersburg, FL	3.0	1.0	1158	$2,350	$2.03	26d	1	0.32mi
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	0.32mi
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	0.32mi
1650 Prescott St S Saint Petersburg, FL	3.0	1.0	960	$2,100	$2.19	6d	1	0.35mi
1760 Queen St S Saint Petersburg, FL	3.0	1.0	1004	$2,000	$1.99	6d	1	0.38mi
1465 15th St S Saint Petersburg, FL	3.0	1.5	1405	$2,400	$1.71	6d	1	0.40mi
1828 20th Ave S Saint Petersburg, FL	3.0	1.0	1015	$1,650	$1.63	26d	1	0.40mi
1900 19th St S Saint Petersburg, FL	4.0	1.0	1572	$2,500	$1.59	6d	1	0.42mi
1035 15th Ave S Saint Petersburg, FL	2.0	1.0	1412	$1,900	$1.35	6d	1	0.43mi
1427 15th St S Saint Petersburg, FL	3.0	1.0	1030	$2,095	$2.03	6d	1	0.45mi
1847 19th St S Saint Petersburg, FL	3.0	2.0	1203	$2,295	$1.91	6d	1	0.45mi
1911 22nd Ave S St Petersburg, FL	4.0	2.0	1424	$3,000	$2.11	4d	1	0.46mi
2505 18th St S Saint Petersburg, FL	3.0	2.0	1198	$2,350	$1.96	6d	1	0.49mi
1349 15th St S Saint Petersburg, FL	3.0	2.0	1702	$2,700	$1.59	26d	1	0.49mi
2033 20th St S Saint Petersburg, FL	3.0	1.0	1752	$1,775	$1.01	6d	1	0.51mi
1317 14th St S St Petersburg, FL	4.0	2.0	1236	$2,150	$1.74	26d	1	0.52mi
2524 19th St S Saint Petersburg, FL	4.0	2.0	1230	$2,495	$2.03	26d	1	0.53mi
1218 13th Ave S Saint Petersburg, FL	3.0	2.0	1356	$2,594	$1.91	6d	1	0.54mi
2230 Grove St S Saint Petersburg, FL	2.0	1.0	1108	$1,750	$1.58	6d	1	0.56mi
2621 18th St S Saint Petersburg, FL	3.0	1.0	1114	$2,200	$1.97	26d	1	0.56mi
773 W Harbor Dr S Saint Petersburg, FL	4.0	2.0	1495	$2,800	$1.87	26d	1	0.58mi
711 18th Ave S Unit 2 St. Petersburg, FL	2.0	1.0	896	$1,295	$1.45	5d	1	0.58mi
2435 20th St S Unit 1 St. Petersburg, FL	4.0	2.0	1230	$2,650	$2.15	26d	1	0.58mi
1311 Prescott St S Saint Petersburg, FL	4.0	2.0	1048	$2,000	$1.91	0d	1	0.58mi
888 14th Ave S St Petersburg, FL	2.0	1.0	1084	$1,825	$1.68	6d	1	0.60mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	26d	1	0.62mi
2935 Dr Martin Luther King Jr St S Saint Petersburg, FL	4.0	1.0	1042	$1,895	$1.82	6d	1	0.66mi
2028 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	26d	1	0.66mi
2020 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	9d	1	0.66mi
2010 22nd St S Saint Petersburg, FL	3.0	1.0	1036	$1,695	$1.64	6d	1	0.66mi
675 17th Ave S Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,950	$1.95	26d	1	0.67mi

Listing history 36 events

1. 2026-06-22
   days on market $265,000 Active 79 DOM
2. 2026-06-18
   days on market $265,000 Active 76 DOM
3. 2026-06-17
   days on market $265,000 Active 75 DOM
4. 2026-06-16
   days on market $265,000 Active 74 DOM
5. 2026-06-15
   days on market $265,000 Active 73 DOM
6. 2026-06-13
   days on market $265,000 Active 71 DOM
7. 2026-06-09
   days on market $265,000 Active 67 DOM
8. 2026-06-08
   days on market $265,000 Active 66 DOM
9. 2026-06-07
   days on market $265,000 Active 65 DOM
10. 2026-06-04
    days on market $265,000 Active 62 DOM
11. 2026-06-03
    days on market $265,000 Active 61 DOM
12. 2026-06-01
    days on market $265,000 Active 59 DOM
13. 2026-05-31
    days on market $265,000 Active 58 DOM
14. 2026-05-09
    price $265,000
15. 2026-04-03
    listed $275,000 Active
16. 2025-04-02
    historical $2,450
17. 2025-03-05
    price $2,450
18. 2025-02-12
    listed $2,575
19. 2025-01-20
    historical
20. 2024-05-21
    price $289,000
21. 2024-04-01
    price $299,000
22. 2024-03-15
    price $319,900
23. 2024-01-24
    price $329,000
24. 2023-12-18
    price $339,000
25. 2023-09-11
    listed $329,000 Active
26. 2009-08-26
    soldstatus $18,000 178-char remark

    Show marketing remark (178 chars)

    BANK OWNED!! NOT A SHORT SALE!! 3 BEDROOM 1.5 BATHROOMS, GREAT OPPORTUNITY TO BUY A HOUSE THAT NEEDS TLC AND MAKE IT YOUR OWN!!! LOCATED CLOSE TO SCHOOLS SHOPPING, AND INTERSTATE

27. 2009-07-28
    listed $24,800 178-char remark

    Show marketing remark (178 chars)

    BANK OWNED!! NOT A SHORT SALE!! 3 BEDROOM 1.5 BATHROOMS, GREAT OPPORTUNITY TO BUY A HOUSE THAT NEEDS TLC AND MAKE IT YOUR OWN!!! LOCATED CLOSE TO SCHOOLS SHOPPING, AND INTERSTATE

28. 2006-05-15
    soldstatus $120,000
29. 2006-04-13
    soldstatus $64,000
30. 2006-02-28
    listed $124,900
31. 2005-10-19
    historical
32. 2005-10-03
    listed $78,900
33. 2005-04-28
    listed $71,000
34. 2005-04-20
    soldstatus $43,000
35. 2005-04-13
    soldstatus $43,000
36. 2005-01-09
    listed $50,000

ⓘ 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: $2,424 · $202/mo
• Projected year-2 tax: $2,424 · $202/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 · 25 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

Taxation est. · year 1

• Rental income: $27,771
• − Mortgage interest: −$14,844
• − Property taxes: −$2,424
• − Insurance: −$1,325
• − Repairs & maintenance: −$2,222
• − Management: −$2,222
• − Depreciation: −$7,709
• Taxable loss: −$2,974
• Est. tax savings @ 24.0%: +$714
• After-tax cash flow: $2,228/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

+430.0% since first listed

23 events — show timeline

• 2026-05-09 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-02 Rental Removed $2,450 STELLARMLS
• 2025-03-05 Price Changed $2,450 STELLARMLS
• 2025-02-12 Listed for Rent $2,575 STELLARMLS
• 2025-01-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-05-21 Price Changed $289,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-01 Price Changed $299,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-15 Price Changed $319,900 Stellar MLS as Distributed by MLS Grid
• 2024-01-24 Price Changed $329,000 Stellar MLS as Distributed by MLS Grid
• 2023-12-18 Price Changed $339,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-11 Listed $329,000 Stellar MLS as Distributed by MLS Grid
• 2009-08-26 Sold (MLS) $18,000 Stellar MLS as Distributed by MLS Grid
• 2009-07-28 Listed $24,800 Stellar MLS as Distributed by MLS Grid
• 2006-05-15 Sold (Public Records) $120,000 Public Records
• 2006-04-13 Sold (Public Records) $64,000 Public Records
• 2006-02-28 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2005-10-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-10-03 Listed $78,900 Stellar MLS as Distributed by MLS Grid
• 2005-04-28 Listed $71,000 Stellar MLS as Distributed by MLS Grid
• 2005-04-20 Sold (Public Records) $43,000 Public Records
• 2005-04-13 Sold (MLS) $43,000 Stellar MLS as Distributed by MLS Grid
• 2005-01-09 Listed $50,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+16.2%/yr

Latest (2025): $2,424 · +19.7% YoY. Source: county tax records.