4050 4th St N #122 · St. Petersburg, FL 33703

$115,000

1 bd · 1.0 ba · 640 sqft · Condo public records · 56 Days on market

Built 1971 $529/mo HOA · 30% of rent

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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).

• Cash flow +13.3/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +4.0/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ground floor unit across from the pool. Needs very little TLC. Under 55 complex. Small pets welcome. Walk to Publix, shopping, and restuarants. Beautiful heated pool and spa.

Key facts

• Great storage
• First-floor condo
• Newer roof

Tags

• FIRST-FLOOR CONDO
• MODERN KITCHEN
• UPDATED FLOORING
• GREAT STORAGE
• NEWER ROOF
• 30 MINUTES TO AIRPORTS

Property features AI

Finance

• Other: Unit is unfurnished; Third-party listing
• Financial info: Lease restrictions apply
• HOA & community: Monthly condo fee: $529; Annual association fees: $6,348; Association approval required; Association amenities include clubhouse, laundry, maintenance, pool, shuffleboard court; Association fees cover cable TV, common area taxes, pool, escrow reserves, internet, structure maintenance, grounds maintenance, pest control, sewer, trash, and water; Community features include clubhouse, community mailbox, and pool; Pets allowed with number and size limits

Exterior

• Parking: Visitor parking available (park in visitor or spot #324); parking lot is one way
• Utilities: Public water; Public sewer; Cable connected; Broadband/high-speed internet available; Electricity connected; Water connected; Sewer connected
• Home design: Residential condominium; One story; Faces east; Entry on floor 1
• Construction: Block and concrete construction; Shingle roof; Block foundation; Built as part of building number 4050
• Exterior features: Paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range
• Bedrooms: 1 bedroom
• Flooring: Concrete flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Solid surface counters; Solid wood cabinets
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $115k.

Deal economics

• At list price, monthly cash flow is $-67 ($-809/yr) — negative.
• To cash-flow at today's rent, offer at most $103k (10.4% below list).
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $103k (10.4% below list) — sets the bar for cash-flow.
• Cap rate 6.3% 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 D — 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: John M. Sexton Elementary School (math 48% / reading 45%, grade D-, #1,223 of 2,144 statewide, top 57%, 449 students, 71% FRL); Meadowlawn Middle School (math 29% / reading 30%, grade F, #469 of 571 statewide, top 84%, 832 students, 69% FRL); Northeast High School (math 35% / reading 47%, grade F, #289 of 667 statewide, top 44%, 1,736 students, 50% FRL) — zoned schools average 63% FRL vs 48% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 39% at this address vs 51% district-wide (-12 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.2%/yr); 457 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $795 of loan paydown is wiped out by about $3k 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 56 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 3 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 $89k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 30% of rent.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,088 (10.4% below list)

Questions for the listing agent

1. 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?
2. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 1.53% ✓
• Cap rate: 6.28%
• Cash-on-cash: -0.04%
• DSCR: 1.00
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -21.6%
• Equity multiple: 0.26×
• Total profit: $-23,883
• Equity at exit: $17,147

10-year hold

• IRR: -18.1%
• Equity multiple: 0.06×
• Total profit: $-30,167
• Equity at exit: $9,943

Cash invested: $32,200 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,757 high
• Mortgage (P&I): −$603
• Tax from tax record: −$209 /mo · $2,510/yr
• Insurance: −$48
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$529
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $-67

Break-even live

Break-even rent $1,843

Max offer price $103,088

Occupancy floor 99%

Sensitivity live

Price	-10% $-2	-5% $-35	+0% $-67	+5% $-100	+10% $-133
Rent	-10% $-206	-5% $-137	+0% $-67	+5% $2	+10% $71
Rate	-1.0pp $-10	-0.5pp $-38	base $-67	+0.5pp $-97	+1.0pp $-128

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
468 44th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	693	$1,900	$2.74	26d	1	0.21mi
120 47th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,399	$1.53	4d	8	0.46mi
363 48th Ave N Saint Petersburg, FL	1.0	1.0	750	$1,900	$2.53	26d	1	0.49mi
344 33rd Ave N St. Petersburg, FL	1.0	1.0	560	$1,200	$2.14	6d	1	0.49mi
252 33rd Ave N St. Petersburg, FL	1.0	1.0	700	$1,995	$2.85	19d	1	0.50mi
535 32nd Ave N Unit 5 St. Petersburg, FL	1.0	1.0	675	$1,750	$2.59	16d	1	0.54mi
550 50th Ave N Saint Petersburg, FL	2.0	1.0	765	$1,700	$2.22	9d	2	0.59mi
800 32nd Ave N Saint Petersburg, FL	1.0–2.0	1.0	932	$1,349	$1.45	0d	4	0.64mi
3460 Haines Rd N Unit 2 St. Petersburg, FL	1.0	1.0	539	$1,350	$2.50	9d	1	0.65mi
442 30th Ave N Unit 9 St. Petersburg, FL	1.0	1.0	550	$1,495	$2.72	0d	1	0.67mi
3700 Haines Rd N St Petersburg, FL	1.0–2.0	1.0	675	$1,700	$2.52	16d	2	0.69mi
4880 Locust St NE St Petersburg, FL	1.0	1.0–2.0	840	$1,375	$1.64	26d	3	0.71mi
5364 4th St N St. Petersburg, FL	1.0	1.0	570	$1,150	$2.02	26d	1	0.82mi
917 30th Ave N Saint Petersburg, FL	1.0	1.0	645	$1,499	$2.32	4d	1	0.83mi
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$2,375	$2.46	0d	13	0.90mi
321 24th Ave N Unit 2 St. Petersburg, FL	1.0	1.0	560	$1,495	$2.67	9d	1	1.02mi
311 24th Ave N Apt C St. Petersburg, FL	—	1.0	440	$1,295	$2.94	26d	1	1.02mi
310 24th Ave N Unit B2 St. Petersburg, FL	1.0	2.0	600	$1,395	$2.33	19d	1	1.06mi
310 24th Ave N Unit A4-1 St. Petersburg, FL	—	1.0	350	$1,095	$3.13	15d	1	1.06mi
310 24th Ave N Unit A4-2 St. Petersburg, FL	—	1.0	350	$1,195	$3.41	15d	1	1.06mi
4481 Crestwood Dr N Saint Petersburg, FL	2.0	1.0	720	$1,950	$2.71	6d	1	1.12mi
3107 16th St N St. Petersburg, FL	2.0	1.0	700	$2,285	$3.26	6d	1	1.13mi
3103 16th St N Unit 3103 St. Petersburg, FL	2.0	1.0	700	$2,225	$3.18	5d	1	1.13mi
3101 16th St N St. Petersburg, FL	2.0	1.0	700	$1,995	$2.85	6d	1	1.13mi
2 23rd Ave N St. Petersburg, FL	1.0	1.0	720	$1,800	$2.50	19d	1	1.13mi
925 24th Ave N Unit 1/2 St. Petersburg, FL	2.0	1.0	693	$1,900	$2.74	16d	1	1.16mi
3725 18th St N Saint Petersburg, FL	2.0	1.0	700	$1,795	$2.56	18d	1	1.19mi
803 22nd Ave N Unit 4 St. Petersburg, FL	—	1.0	450	$1,495	$3.32	26d	1	1.20mi
828 22nd Ave N Apt 1/2 St. Petersburg, FL	1.0	1.0	550	$2,000	$3.64	19d	1	1.24mi
2217 10th St N Unit 3 St. Petersburg, FL	1.0	1.0	400	$1,900	$4.75	26d	1	1.24mi
660 62nd Ave N #1204 Saint Petersburg, FL	1.0	1.0	656	$1,400	$2.13	25d	1	1.35mi
1648 27th Ave N #2 St. Petersburg, FL	1.0	1.0	496	$1,095	$2.21	26d	1	1.35mi
1921 Dr Martin Luther King Jr St N Saint Petersburg, FL	1.0	1.0	700	$1,550	$2.21	16d	1	1.37mi
1801 5th St N Unit 2 St. Petersburg, FL	1.0	1.0	738	$1,595	$2.16	26d	1	1.38mi
1801 5th St N Unit 3 St. Petersburg, FL	1.0	1.0	518	$1,395	$2.69	26d	1	1.38mi
1725 5th St N Unit 7 St. Petersburg, FL	—	1.0	629	$1,395	$2.22	26d	1	1.40mi
209 NW Jefferson Cir N Unit JEFFERSON209-15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	5d	1	1.40mi
209 NW Jefferson Cir N Unit 15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	26d	1	1.40mi
2901 20th St N Saint Petersburg, FL	2.0	1.0	732	$2,200	$3.01	26d	1	1.45mi
1834 28th Ave N Saint Petersburg, FL	1.0	1.0	550	$1,950	$3.55	6d	1	1.46mi

HOA detail condo

• Monthly dues: $529 · $6,348/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-05-22
   status Pending
2. 2026-04-29
   price $115,000
3. 2026-03-27
   listed $120,000 Active
4. 2021-10-18
   soldstatus $88,888
5. 2019-01-08
   soldstatus $80,000
6. 2006-06-20
   soldstatus $102,800
7. 2006-05-23
   historical
8. 2006-05-08
   listed $109,000
9. 2005-10-10
   soldstatus $70,000
10. 2005-09-30
    soldstatus $70,000 174-char remark

    Show marketing remark (174 chars)

    Ground floor unit across from the pool. Needs very little TLC. Under 55 complex. Small pets welcome. Walk to Publix, shopping, and restuarants. Beautiful heated pool and spa.

11. 2005-07-27
    listed $74,900 174-char remark

    Show marketing remark (174 chars)

    Ground floor unit across from the pool. Needs very little TLC. Under 55 complex. Small pets welcome. Walk to Publix, shopping, and restuarants. Beautiful heated pool and spa.

12. 1995-06-19
    soldstatus $26,500

ⓘ 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: $2,510 · $209/mo
• Projected year-2 tax: $2,510 · $209/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 8/10 Severe FEMA zone X (shaded) · 97% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,087
• − Mortgage interest: −$6,442
• − Property taxes: −$2,510
• − Insurance: −$1,372
• − Repairs & maintenance: −$1,687
• − Management: −$1,687
• − HOA: −$6,348
• − Depreciation: −$3,345
• Taxable loss: −$2,305
• Est. tax savings @ 24.0%: +$553
• After-tax cash flow: $-256/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): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% 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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

+334.0% since first listed

12 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2021-10-18 Sold (Public Records) $88,888 Public Records
• 2019-01-08 Sold (Public Records) $80,000 Public Records
• 2006-06-20 Sold (Public Records) $102,800 Public Records
• 2006-05-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-05-08 Listed $109,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-10 Sold (Public Records) $70,000 Public Records
• 2005-09-30 Sold (MLS) $70,000 Stellar MLS as Distributed by MLS Grid
• 2005-07-27 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 1995-06-19 Sold (Public Records) $26,500 Public Records

Property tax history

+18.9%/yr

Latest (2025): $2,510 · +11.4% YoY. Source: county tax records.