1519 Delaware Ave NE · St. Petersburg, FL 33703

$315,000

3 bd · 2.0 ba · 1,755 sqft · SingleFamily public records · 2 Days on market

Built 1955 7,623 sqft lot Est $521k · 40% under

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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 +27.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.6/10.0
• Schools +4.3/10.0
• 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

Beautifully remodeled home on the water with nearly 1,800 square feet, 3 bedrooms, 2 baths and an open floor plan. The living area features a fireplace, soaring ceilings and lots of light. The master suite has tall, vaulted ceilings and is bright and open. The yard is beautifully landscaped with tropical vegetation. A spacious screened porch spans the entire back of the house and overlooks luscious tropical landscaping. The back yard is like your own private beach resort with a fire pit, sand box, deck and beach where you can launch your kayaks, canoe or other small watercraft. Kayak to Weedon Island in 30 just minutes. Carport and plenty of room to park a boat or RV. Large additional storage room/ workshop and laundry room. New recreation center at the end of the street. Roof new in 2022 (flat part) remainder will be replaced June 5th, Dual zone HVAC. Front HVAC new in 2019 and rear HVAC new in 2011.

Key facts

• Fully remediated
• Turfed backyard
• Direct water access

Tags

• WATERFRONT OPPORTUNITY
• FULLY REMEDIATED
• WORKING WOOD FIREPLACE
• DIRECT WATER ACCESS
• TURFED BACKYARD
• SERIOUS FRONT YARD SPACE

Property features AI

Finance

• Other: Homestead exempt; No lease restrictions reported
• HOA & community: Street lights in the community; No association indicated

Exterior

• Parking: Has carport; 2 carport spaces
• Utilities: Public water; Public sewer; Cable connected; Natural gas connected; Sewer connected
• Home design: Single family residence; One level; Faces south
• Construction: Block construction; Shingle roof; Slab foundation; Built with a total building area reported by owner
• Exterior features: Covered patio/porch; Deck; Rear porch; Rain gutters; Shade shutters; Sliding doors; Wood fencing; Above-ground pool; On waterfront (saltwater canal) with water access

Interior

• Kitchen: Eat-in kitchen with solid surface counters; Microwave
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; High ceilings; Kitchen/family room combo; Open floorplan; Solid surface counters; Microwave
• Laundry & utility: Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $521 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $315k).
• Cap rate 9.9% 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 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.
• Market conditions: Rents rising (+2.2%/yr); 457 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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).
• At $3,954/mo this rent would consume 50% of the median local household income ($95k/yr) (locally 509% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 13 sale attempts since 11y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• 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 $315,000

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 1.26% ✓
• Cap rate: 9.90%
• Cash-on-cash: 12.89%
• DSCR: 1.57
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $521,235
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4320 Huntington St NE	0.14mi	3/2.0	1,600 (-9%)	3mo	$475,000	$297	77
1567 Delaware Ave NE	0.09mi	2/2.0 (-1)	1,575 (-10%)	0mo	$710,000	$451	73
1735 Connecticut Ave NE	0.36mi	3/2.0	1,679 (-4%)	4mo	$440,000	$262	73
3934 Huntington St NE	0.29mi	3/2.0	1,630 (-7%)	2mo	$255,500	$157	73
1481 49th Ave NE	0.46mi	4/2.0 (+1)	1,798 (+2%)	2mo	$1,200,000	$667	67
1200 Eden Isle Blvd NE	0.75mi	3/2.0	1,796 (+2%)	0mo	$715,000	$398	61
5213 Venetian Blvd NE	0.52mi	3/2.0	1,944 (+11%)	3mo	$635,000	$327	56
5201 Denver St NE	0.50mi	4/3.0 (+1)	1,880 (+7%)	4mo	$540,000	$287	53
5254 Venetian Blvd NE	0.57mi	4/3.0 (+1)	1,861 (+6%)	4mo	$360,000	$193	51
1899 Shore Acres Blvd NE	0.65mi	3/2.0	1,560 (-11%)	0mo	$575,000	$369	51
1810 Maryland Ave NE	0.45mi	4/3.0 (+1)	2,011 (+15%)	2mo	$395,000	$196	44
1870 Nebraska Ave NE	0.72mi	4/2.0 (+1)	2,000 (+14%)	2mo	$539,000	$270	37

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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.77×
• Total profit: $-20,646
• Equity at exit: $46,968

10-year hold

• IRR: 2.2%
• Equity multiple: 1.15×
• Total profit: $13,475
• Equity at exit: $27,235

Cash invested: $88,200 (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: 6.6×

Monthly cashflow live

• Estimated rent: $3,954 high
• Mortgage (P&I): −$1,652
• Tax from tax record: −$393 /mo · $4,712/yr
• Insurance: −$131
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$830
• Net cashflow: $521

Break-even live

Break-even rent $3,294

Max offer price $315,000

Occupancy floor 82%

Sensitivity live

Price	-10% $699	-5% $610	+0% $521	+5% $432	+10% $343
Rent	-10% $209	-5% $365	+0% $521	+5% $677	+10% $834
Rate	-1.0pp $680	-0.5pp $601	base $521	+0.5pp $440	+1.0pp $357

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4095 14th St NE Saint Petersburg, FL	2.0	2.0	1791	$3,795	$2.12	5d	1	0.27mi
4165 13th Ln NE Saint Petersburg, FL	2.0	2.0	1438	$4,700	$3.27	5d	1	0.31mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	5d	1	0.34mi
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	15d	1	0.40mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	5d	1	0.56mi
5273 Denver St NE Saint Petersburg, FL	4.0	2.0	2262	$3,875	$1.71	25d	1	0.59mi
1325 Snell Isle Blvd NE #507 Saint Petersburg, FL	3.0	3.0	1940	$6,700	$3.45	5d	1	0.76mi
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	17d	1	0.78mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	5d	1	0.78mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	3d	1	0.78mi
1733 Bayou Grande Blvd NE Saint Petersburg, FL	2.0	1.0	1735	$4,750	$2.74	25d	1	0.84mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	5d	1	0.85mi
926 Cordova Blvd NE Saint Petersburg, FL	4.0	3.0	2554	$7,500	$2.94	5d	1	0.94mi
5840 Tanglewood Dr NE Saint Petersburg, FL	4.0	3.0	1680	$3,150	$1.88	5d	1	0.94mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	5d	1	0.99mi
6016 18th St NE Saint Petersburg, FL	4.0	2.0	1692	$3,900	$2.30	5d	1	1.05mi
742 45th Ave NE Saint Petersburg, FL	3.0	3.0	1900	$5,200	$2.74	5d	1	1.07mi
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	5d	1	1.08mi
617 Segovia Ct NE Saint Petersburg, FL	2.0	2.5	1420	$2,950	$2.08	25d	1	1.19mi
541 40th Ave NE Saint Petersburg, FL	3.0	1.0	1630	$3,000	$1.84	25d	1	1.24mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	16d	1	1.24mi
411 42nd Ave NE Saint Petersburg, FL	3.0	2.0	1365	$3,500	$2.56	18d	1	1.35mi
1640 Cape Hope Ave NE #4 Saint Petersburg, FL	4.0	3.0	1610	$3,400	$2.11	25d	1	1.47mi

Listing history 4 events

1. 2026-06-04
   status $315,000 Pending 2 DOM
2. 2026-06-03
   days on market $315,000 Active 2 DOM
3. 2026-06-02
   remarks 699-char remark
4. 2026-06-02
   listed $315,000 Active 1 DOM

ⓘ 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: $4,712 · $393/mo
• Projected year-2 tax: $4,712 · $393/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 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: $47,446
• − Mortgage interest: −$17,645
• − Property taxes: −$4,712
• − Insurance: −$6,694
• − Repairs & maintenance: −$3,796
• − Management: −$3,796
• − Depreciation: −$9,164
• Taxable income: $1,641
• Est. tax owed @ 24.0%: −$394
• After-tax cash flow: $5,860/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

+467.6% since first listed

43 events — show timeline

• 2026-06-01 Listed $315,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-02 Price Changed $399,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-12 Listed $450,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-06 Sold (Public Records) $635,000 Public Records
• 2023-06-30 Sold (MLS) $635,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-25 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-11 Price Changed $635,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-11 Listed $650,000 Stellar MLS as Distributed by MLS Grid
• 2020-07-28 Sold (Public Records) $435,000 Public Records
• 2020-07-23 Sold (MLS) $435,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-06-23 Listed $435,000 Stellar MLS as Distributed by MLS Grid
• 2019-10-01 Sold (MLS) $227,000 Stellar MLS as Distributed by MLS Grid
• 2019-08-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-08-23 Price Changed $234,000 Stellar MLS as Distributed by MLS Grid
• 2019-07-27 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2019-06-11 Price Changed $249,000 Stellar MLS as Distributed by MLS Grid
• 2019-05-10 Price Changed $264,000 Stellar MLS as Distributed by MLS Grid
• 2019-04-11 Price Changed $274,000 Stellar MLS as Distributed by MLS Grid
• 2019-04-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2019-04-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-03-04 Listed $285,000 Stellar MLS as Distributed by MLS Grid
• 2019-03-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-12-13 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2018-10-30 Listed $289,900 Stellar MLS as Distributed by MLS Grid
• 2017-05-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-05-10 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2017-04-25 Relisted — Stellar MLS as Distributed by MLS Grid
• 2017-03-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-02-22 Price Changed $240,000 Stellar MLS as Distributed by MLS Grid
• 2017-02-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-11-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-10-28 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2016-03-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-07-27 Price Changed $222,500 Stellar MLS as Distributed by MLS Grid
• 2015-07-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-06-15 Contingent — Stellar MLS as Distributed by MLS Grid
• 2015-04-25 Price Changed $224,900 Stellar MLS as Distributed by MLS Grid
• 2015-03-12 Listed $229,500 Stellar MLS as Distributed by MLS Grid
• 2001-04-23 Sold (Public Records) $129,000 Public Records
• 1984-04-01 Sold (Public Records) $55,500 Public Records

Property tax history

+4.8%/yr

Latest (2025): $4,712 · -55.2% YoY. Source: county tax records.