138 36th Ave N · St. Petersburg, FL 33704

$144,000

1 bd · 1.0 ba · 770 sqft · Other · 22 Days on market

Built 1974 Poor condition

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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 +28.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Rent growth +3.4/5.0
• Livability +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Very nice quiet over 55 community. 1 bed 1 bath Ground Floor with front and back door. sorry no pets or rentals. Close to downtown St. Pete, walk to shopping, walk to Tampa Bay. Property sold as-is.

Key facts

• Walk to tampa bay
• Ground floor
• Walk to shopping

Tags

• GROUND FLOOR
• FRONT AND BACK DOOR
• CLOSE TO DOWNTOWN ST PETE
• WALK TO SHOPPING
• WALK TO TAMPA BAY

Property features AI

Exterior

• Home design: Built in 1974
• Construction: Living area approximately 770
• Exterior features: Located in the North East Park subdivision

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $144k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $419 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $142k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.3% 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 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 (+3.4%/yr); 239 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $996 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.4% rent growth), your $40k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($142k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $141,840 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1974 — 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. 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: 1.30% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.46%
• DSCR: 1.64
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.43% rent growth · sell at horizon

5-year hold

• IRR: 2.7%
• Equity multiple: 1.11×
• Total profit: $4,253
• Equity at exit: $21,471

10-year hold

• IRR: 12.8%
• Equity multiple: 2.04×
• Total profit: $41,741
• Equity at exit: $12,450

Cash invested: $40,320 (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 33704

• Rents YoY: 3.4%
• Active inventory: 239
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,875 high
• Mortgage (P&I): −$755
• Tax est. 1.5%: −$180 /mo · $2,160/yr
• Insurance: −$60
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $419

Break-even live

Break-even rent $1,344

Max offer price $144,000

Occupancy floor 73%

Sensitivity live

Price	-10% $519	-5% $469	+0% $419	+5% $370	+10% $320
Rent	-10% $271	-5% $345	+0% $419	+5% $493	+10% $567
Rate	-1.0pp $492	-0.5pp $456	base $419	+0.5pp $382	+1.0pp $344

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: $36,000
• Closing costs: $4,320
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
252 33rd Ave N St. Petersburg, FL	1.0	1.0	700	$1,995	$2.85	18d	1	0.22mi
344 33rd Ave N St. Petersburg, FL	1.0	1.0	560	$1,200	$2.14	4d	1	0.25mi
131 41st Ave N Saint Petersburg, FL	2.0	2.0	933	$2,100	$2.25	4d	2	0.33mi
4200 1st St NE Unit 2 St. Petersburg, FL	1.0	1.0	800	$1,650	$2.06	24d	1	0.39mi
646 38th Ave N Saint Petersburg, FL	2.0	1.0	978	$2,400	$2.45	4d	1	0.40mi
535 32nd Ave N Unit 5 St. Petersburg, FL	1.0	1.0	675	$1,750	$2.59	14d	1	0.41mi
442 30th Ave N Unit 9 St. Petersburg, FL	1.0	1.0	550	$1,545	$2.81	13d	1	0.45mi
468 44th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	693	$1,900	$2.74	24d	1	0.54mi
800 32nd Ave N Saint Petersburg, FL	1.0–2.0	1.0	932	$1,349	$1.45	3d	3	0.61mi
613 44th Ave N Saint Petersburg, FL	2.0	1.0	1124	$2,250	$2.00	4d	1	0.62mi
4651 1st St NE #306 Saint Petersburg, FL	2.0	2.0	1120	$2,900	$2.59	4d	1	0.62mi
120 47th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,399	$1.53	3d	8	0.66mi
4681 1st St NE #209 Saint Petersburg, FL	2.0	2.0	1120	$2,250	$2.01	24d	1	0.68mi
547 46th Ave N Saint Petersburg, FL	2.0	1.0	837	$2,000	$2.39	8d	1	0.72mi
3460 Haines Rd N Unit 2 St. Petersburg, FL	1.0	1.0	539	$1,350	$2.50	8d	1	0.74mi
321 24th Ave N Unit 2 St. Petersburg, FL	1.0	1.0	560	$1,495	$2.67	8d	1	0.75mi
135 48th Ave N Unit B St. Petersburg, FL	1.0	1.0	800	$2,495	$3.12	24d	1	0.76mi
363 48th Ave N Saint Petersburg, FL	1.0	1.0	750	$1,900	$2.53	24d	1	0.77mi
780 27th Ave N Saint Petersburg, FL	2.0	1.0	775	$2,000	$2.58	24d	1	0.78mi
310 24th Ave N Unit B2 St. Petersburg, FL	1.0	2.0	600	$1,395	$2.33	18d	1	0.79mi
917 30th Ave N Saint Petersburg, FL	1.0	1.0	645	$1,499	$2.32	3d	1	0.79mi
3651 Haines Rd N Saint Petersburg, FL	2.0	1.0	950	$1,800	$1.89	12d	1	0.80mi
2 23rd Ave N St. Petersburg, FL	1.0	1.0	720	$1,800	$2.50	18d	1	0.83mi
3700 Haines Rd N St Petersburg, FL	1.0–2.0	1.0	675	$1,700	$2.52	15d	2	0.85mi
4880 Locust St NE St Petersburg, FL	1.0	1.0–2.0	840	$1,375	$1.64	24d	3	0.85mi
4880 Locust St NE St Petersburg, FL	1.0	1.5–2.0	930	$1,500	$1.61	4d	2	0.85mi
440 50th Ave N Saint Petersburg, FL	1.0	1.0	825	$2,100	$2.55	24d	1	0.88mi
550 50th Ave N Saint Petersburg, FL	2.0	1.0	765	$1,700	$2.22	8d	2	0.91mi
2758 10th St N Saint Petersburg, FL	2.0	2.0	1090	$3,350	$3.07	4d	1	0.92mi
4920 Locust St NE St. Petersburg, FL	2.0	2.0	1035	$1,825	$1.76	24d	1	0.93mi
265 Mateo Way NE St Petersburg, FL	2.0	2.0	1055	$2,700	$2.56	21d	1	0.98mi
124 20th Ave N Saint Petersburg, FL	2.0	1.0	826	$3,200	$3.87	4d	1	1.00mi
925 24th Ave N Unit 1/2 St. Petersburg, FL	2.0	1.0	693	$1,900	$2.74	15d	1	1.04mi
828 22nd Ave N Apt 1/2 St. Petersburg, FL	1.0	1.0	550	$2,000	$3.64	18d	1	1.07mi
4104 1/2 Haines Rd N Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	24d	1	1.12mi
5364 4th St N St. Petersburg, FL	1.0	1.0	570	$1,150	$2.02	24d	1	1.12mi
1801 5th St N Unit 2 St. Petersburg, FL	1.0	1.0	738	$1,595	$2.16	24d	1	1.13mi
1725 5th St N Unit 7 St. Petersburg, FL	—	1.0	629	$1,395	$2.22	24d	1	1.15mi
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$2,375	$2.46	2d	13	1.17mi
3131 16th St N Unit 4 St. Petersburg, FL	2.0	1.0	1000	$1,750	$1.75	11d	1	1.18mi

Listing history 13 events

1. 2026-06-18
   days on market $144,000 Active 22 DOM
2. 2026-06-17
   days on market $144,000 Active 21 DOM
3. 2026-06-16
   days on market $144,000 Active 20 DOM
4. 2026-06-15
   days on market $144,000 Active 19 DOM
5. 2026-06-13
   days on market $144,000 Active 17 DOM
6. 2026-06-09
   days on market $144,000 Active 13 DOM
7. 2026-06-08
   days on market $144,000 Active 12 DOM
8. 2026-06-07
   days on market $144,000 Active 11 DOM
9. 2026-06-04
   days on market $144,000 Active 8 DOM
10. 2026-06-03
    days on market $144,000 Active 7 DOM
11. 2026-06-01
    days on market $144,000 Active 5 DOM
12. 2026-05-31
    days on market $144,000 Active 4 DOM
13. 2026-05-28
    listed $144,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% 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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,494
• − Mortgage interest: −$8,066
• − Property taxes: −$2,160
• − Insurance: −$1,518
• − Repairs & maintenance: −$1,800
• − Management: −$1,800
• − Depreciation: −$4,189
• Taxable income: $2,962
• Est. tax owed @ 24.0%: −$711
• After-tax cash flow: $4,320/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.

Condition & rehab AI · 1 photo

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including landscaping and interior cleaning, to improve its condition and value.

Repairs flagged

• Major Landscaping — Overgrown lawn and debris
• Major Exterior cleaning — Overgrown lawn and debris
• Major Interior cleaning — Overgrown lawn and debris

Value-add opportunities

• Both Landscaping and exterior cleaning — Improves curb appeal and overall property condition
• Both Interior cleaning — Enhances the home's appearance and can attract more buyers/renters

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · Overgrown lawn and debris	Major	$15,000–50,000
Exterior cleaning · Overgrown lawn and debris	Major	$15,000–50,000
Interior cleaning · Overgrown lawn and debris	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both Landscaping and exterior cleaning — Improves curb appeal and overall property condition ↑
• Both Interior cleaning — Enhances the home's appearance and can attract more buyers/renters ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 16,232
• Household income: $107,889
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 632.0

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 (83%)
• Race & ethnicity: White 83% Two or more races 8% Hispanic / Latino 7% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 1% Cuban 1%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 4%
• Foreign-born: 9% · Canada, Jamaica, Vietnam
• Languages at home: 92% English-only · Spanish 3% German/W. Germanic 1% 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: ▼ -822.13%
• Current HPI: 473.0888
• Rent YoY: ▲ 3.43%
• 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

1 event — show timeline

• 2026-05-28 Listed $144,000 FSBO.com