3241 Laurel Ave · Feather Sound, FL 33762

$241,000

3 bd · 1.0 ba · 640 sqft · SingleFamily public records · 41 Days on market

Built 1963 5,000 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Clearwater 3 Bedroom and 1 Bathroom on . 23 acres. Great price on this one, make your best offer today before this one gets away! This is a Fannie Mae HomePath Property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

Key facts

• Mature oak tree
• Large shed
• Fully fenced yard

Tags

• MATURE OAK TREE
• FULLY FENCED YARD
• LARGE SHED

Property features AI

Finance

• Other: Lot size about 0.15 acre (0 to less than 1/4 acre); Paved road access; Living area approximately 640 sq ft (public records)
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No HOA / association

Exterior

• Parking: Parking details not provided
• Security: No security features listed
• Utilities: Public water; Septic sewer; Electricity connected
• Home design: Single family residence; One story; Faces south
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built on one level
• Exterior features: Exterior storage

Interior

• Kitchen: Range; Microwave; Exhaust fan
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile; Crawlspace foundation
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heat; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry located outside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $241k.

Deal economics

• At list price, monthly cash flow is $549 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $241k).
• Recommended offer: $234k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 1.8% in Feather Sound — 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 75/100 on livability (#259 in FL, #4,144 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, schools B+; Watch: cost of living D, amenities F, health & safety F.
• 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.
• Market conditions: Rents soft (-1.1%/yr); 102 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 43% of the median local income ($87k/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 $2k of loan paydown is wiped out by about $7k 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 41 days — a 3% lower offer ($234k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 12y 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 $34k; list at $241k implies a 619% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $233,770 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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.
7. 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.
8. 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: 1.30% ✓
• Cap rate: 11.15%
• Cash-on-cash: 17.35%
• DSCR: 1.77
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.4%
• Equity multiple: 0.81×
• Total profit: $-13,036
• Equity at exit: $35,934

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-882
• Equity at exit: $20,837

Cash invested: $67,480 (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 33762

• Rents YoY: -1.1%
• Active inventory: 102
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $3,124 high
• Mortgage (P&I): −$1,264
• Tax from tax record: −$128 /mo · $1,540/yr
• Insurance: −$100
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$656
• Net cashflow: $549

Break-even live

Break-even rent $2,429

Max offer price $241,000

Occupancy floor 77%

Sensitivity live

Price	-10% $685	-5% $617	+0% $549	+5% $481	+10% $413
Rent	-10% $302	-5% $426	+0% $549	+5% $672	+10% $796
Rate	-1.0pp $670	-0.5pp $610	base $549	+0.5pp $487	+1.0pp $423

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: $60,250
• Closing costs: $7,230
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Main St N Saint Petersburg, FL	1.0–2.0	1.0–2.0	861	$3,367	$3.91	3d	24	0.99mi
101 Main St N St. Petersburg, FL	1.0–3.0	1.0–2.0	1494	$7,813	$5.23	17d	70	1.00mi
540 Carillon Pkwy St Petersburg, FL	1.0–3.0	1.0–2.0	1019	$2,666	$2.62	3d	26	1.31mi
13200 49th St N Clearwater, FL	2.0	1.0–2.0	592	$1,671	$2.82	2d	21	1.44mi
500 Trinity Ln N Saint Petersburg, FL	3.0	1.0–2.0	1103	$3,258	$2.95	3d	27	1.45mi

Listing history 10 events

1. 2026-05-05
   status Pending
2. 2026-04-20
   price $241,000
3. 2026-03-25
   listed $250,000 Active
4. 2025-05-27
   historical
5. 2025-04-21
   listed $245,000 Active
6. 2014-06-27
   soldstatus $33,500 Sold 320-char remark

   Show marketing remark (320 chars)

   Clearwater 3 Bedroom and 1 Bathroom on . 23 acres. Great price on this one, make your best offer today before this one gets away! This is a Fannie Mae HomePath Property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

7. 2014-06-14
   status Pending 320-char remark

   Show marketing remark (320 chars)

   Clearwater 3 Bedroom and 1 Bathroom on . 23 acres. Great price on this one, make your best offer today before this one gets away! This is a Fannie Mae HomePath Property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

8. 2014-06-10
   historical 320-char remark

   Show marketing remark (320 chars)

   Clearwater 3 Bedroom and 1 Bathroom on . 23 acres. Great price on this one, make your best offer today before this one gets away! This is a Fannie Mae HomePath Property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

9. 2014-06-05
   listed $34,900 Active 320-char remark

   Show marketing remark (320 chars)

   Clearwater 3 Bedroom and 1 Bathroom on . 23 acres. Great price on this one, make your best offer today before this one gets away! This is a Fannie Mae HomePath Property. Purchase this property for as little as 5% down! This property is approved for HomePath Mortgage Financing and HomePath Renovation Mortgage Financing.

10. 2002-12-30
    soldstatus $52,000

ⓘ 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: $1,540 · $128/mo
• Projected year-2 tax: $2,000 · $167/mo
• Expected delta: +$460/yr (+$38/mo · 29.9%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,492
• − Mortgage interest: −$13,500
• − Property taxes: −$1,540
• − Insurance: −$6,324
• − Repairs & maintenance: −$2,999
• − Management: −$2,999
• − Depreciation: −$7,011
• Taxable income: $3,119
• Est. tax owed @ 24.0%: −$748
• After-tax cash flow: $5,840/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 — Feather Sound

• Score: 75/100
• State rank: #259
• US rank: #4144

Category grades

Amenities F Commute B+ Cost of living D Crime A+ Employment B+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Feather Sound, FL
• County: Pinellas County · 939,478 people
• City population: 5,039
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 5,063
• Household income: $87,461
• Rent vs Own: 25.1% rent · 74.9% own
• Severe rent burden: 105.0

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% Two or more races 11% Hispanic / Latino 10% Asian 5% Black 5%
• Hispanic origin (detail): Puerto Rican 1% Cuban 2%
• Common ancestry: Italian 5% Romanian 4% Serbian 2%
• Foreign-born: 10% · Canada, Jamaica, South Korea
• Languages at home: 83% English-only · Other Indo-European 6% Spanish 6% 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: ▼ -212.83%
• Current HPI: 264.2599
• Rent YoY: ▼ -1.11%
• 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

+363.5% since first listed

10 events — show timeline

• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Price Changed $241,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-21 Listed $245,000 Stellar MLS as Distributed by MLS Grid
• 2014-06-27 Sold (MLS) $33,500 Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-05 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2002-12-30 Sold (Public Records) $52,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $1,540 · +14.3% YoY. Source: county tax records.