7149 Channelside Ln N · Pinellas Park, FL 33781

$274,900

3 bd · 2.0 ba · 1,518 sqft · SingleFamily public records · 2 Days on market

Built 1981 7,588 sqft lot Est $424k · 35% 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 +15.8/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• 1% rule +3.4/10.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

A quaint, cozy blank slate that is ready for your personal touch! Priced to sell, this 3 Bedroom, 2 full Bathroom ranch is in a great location and only minutes from the beach, shopping, and schools! Complete with a dining room, Florida room, covered patio, storage shed, and private yard, this hidden gem of a house is ready for you to come in and make it your home! This would make a great investment property or "vacation" home as well. Come take a look. .. it won't last long!

Key facts

• Florida room
• Covered patio
• Storage shed

Tags

• DINING ROOM
• FLORIDA ROOM
• COVERED PATIO
• STORAGE SHED
• PRIVATE YARD

Property features AI

Finance

• Other: Homestead property; City limits lot; level and paved with public-maintained road; Lot size approx. 0.17 acres (about 705 sq. m); One lot
• HOA & community: No association fees; Pets allowed

Exterior

• Parking: Driveway; Attached garage with garage door opener; Workshop area in garage; Garage (1 space)
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Underground utilities
• Home design: Single family residence; One story; Faces south; Residential zoning (R-3)
• Construction: Stucco construction; Shingle roof; Slab foundation; Built with public records living area of 1,518 sq. ft.
• Exterior features: Covered patio; Patio; Gray water system; Sidewalk; Vinyl and wood fencing; Shed(s); Mature landscaping with oak trees

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Range hood; Refrigerator; Electric water heater; Exhaust fan
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Ceiling fans; Living room/dining room combo; Solid surface counters; Thermostat; Walk-in closets; Window treatments (blinds)
• Laundry & utility: Washer hookup; Dryer hookup (electric); Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $125 ($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 $232k (15.7% below list).
• Recommended offer: $232k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.1% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities 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.
• Zoned schools: Marjorie Kinnan Rawlings Elem (math 49% / reading 39%, grade F, #1,330 of 2,144 statewide, top 63%, 460 students, 67% FRL); Pinellas Park Middle School (math 44% / reading 38%, grade F, #353 of 571 statewide, top 63%, 1,126 students, 67% FRL); Pinellas Park High School (math 28% / reading 35%, grade F, #424 of 667 statewide, top 64%, 1,919 students, 57% FRL) — zoned schools average 64% FRL vs 48% district-wide (16 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 soft (-3.0%/yr); 230 active listings in the ZIP; 30 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).
• At $2,316/mo this rent would consume 48% of the median local household income ($58k/yr) (locally 1115% 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 $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

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $100k; list at $275k implies a 175% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $231,632 (15.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 0.84% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.96%
• DSCR: 1.09
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $423,522
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6522 Woodland Blvd N	0.13mi	3/2.0	1,612 (+6%)	1mo	$430,000	$267	82
6813 Circlecreek Dr	0.19mi	4/2.0 (+1)	1,506 (-1%)	5mo	$445,000	$295	80
6391 68th Ln N	0.26mi	4/2.0 (+1)	1,543 (+2%)	1mo	$405,000	$262	80
6821 N Circle Creek Dr	0.20mi	3/2.0	1,402 (-8%)	2mo	$485,000	$346	76
6910 Dalkeith Ave N	0.44mi	4/2.0 (+1)	1,533 (+1%)	2mo	$465,000	$303	71
7026 68th Ave N	0.19mi	3/2.0	1,316 (-13%)	0mo	$310,000	$236	69
7292 62nd Ave N	0.31mi	3/2.0	1,656 (+9%)	6mo	$441,000	$266	66
6050 Garmouth Way N	0.32mi	4/3.0 (+1)	1,453 (-4%)	4mo	$533,000	$367	65
7690 Innis Ct	0.55mi	3/2.0	1,470 (-3%)	7mo	$410,000	$279	63
6732 68th St N	0.31mi	4/2.0 (+1)	1,345 (-11%)	3mo	$425,000	$316	59
6505 67th Ave N	0.71mi	3/2.0	1,578 (+4%)	5mo	$286,000	$181	56
7289 56th Ave N	0.59mi	2/2.0 (-1)	1,438 (-5%)	5mo	$316,000	$220	55

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: $-43,430
• Equity at exit: $40,988

10-year hold

• IRR: -13.9%
• Equity multiple: 0.30×
• Total profit: $-54,110
• Equity at exit: $23,768

Cash invested: $76,972 (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 33781

• Rents YoY: -3.0%
• Active inventory: 230
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,316 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$148 /mo · $1,780/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$486
• Net cashflow: $125

Break-even live

Break-even rent $2,158

Max offer price $274,900

Occupancy floor 90%

Sensitivity live

Price	-10% $281	-5% $203	+0% $125	+5% $48	+10% $-30
Rent	-10% $-58	-5% $34	+0% $125	+5% $217	+10% $308
Rate	-1.0pp $264	-0.5pp $195	base $125	+0.5pp $54	+1.0pp $-18

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: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6398 Woodland Blvd Unit 1366035P Pinellas Park, FL	3.0	2.0	1367	$5,894	$4.31	0d	1	0.19mi
7238 55th Ave N Saint Petersburg, FL	2.0	2.0	1085	$1,899	$1.75	19d	1	0.65mi
7140 55th Ave N Saint Petersburg, FL	3.0	2.0	1085	$2,000	$1.84	23d	1	0.65mi
7075 65th Way N Pinellas Park, FL	4.0	2.0	1586	$2,500	$1.58	9d	1	0.74mi
7075 65th Way N Pinellas Park, FL	4.0	2.0	1586	$2,500	$1.58	0d	1	0.74mi
5410 70th Way N Saint Petersburg, FL	3.0	1.0	1160	$2,100	$1.81	5d	1	0.74mi
5410 70th Way N Saint Petersburg, FL	3.0	1.0	1354	$2,100	$1.55	5d	1	0.74mi
5980 80th St N #205 St Petersburg, FL	2.0	2.0	1100	$1,950	$1.77	6d	1	0.74mi
5341 71st Way N Saint Petersburg, FL	3.0	2.5	1807	$4,100	$2.27	6d	1	0.81mi
5725 80th St N #210 Saint Petersburg, FL	2.0	2.0	1125	$1,900	$1.69	26d	1	0.84mi
5750 80th St N St Petersburg, FL	1.0–2.0	1.0–1.5	987	$1,800	$1.82	26d	2	0.92mi
5136 68th St N Unit B St. Petersburg, FL	3.0	1.0	1302	$1,900	$1.46	6d	1	0.98mi
6980 82nd Ave N Pinellas Park, FL	4.0	2.5	1250	$2,500	$2.00	26d	1	0.99mi
8186 Terrace Garden Dr N #409 St Petersburg, FL	2.0	2.0	1765	$2,200	$1.25	6d	1	1.01mi
6641 80th Ave N Pinellas Park, FL	2.0	2.5	1269	$2,400	$1.89	26d	1	1.03mi
4930 72nd St N Saint Petersburg, FL	2.0	1.0	1352	$1,950	$1.44	6d	1	1.05mi
5357 81st St N #14 Saint Petersburg, FL	2.0	2.0	1110	$1,550	$1.40	26d	1	1.07mi
6522 54th Ave N Saint Petersburg, FL	1.0–3.0	1.0–2.0	892	$1,900	$2.13	3d	10	1.10mi
8133 65th Way N Pinellas Park, FL	4.0	2.0	1520	$2,600	$1.71	6d	1	1.15mi
6622 83rd Ave N Pinellas Park, FL	2.0	2.5	1730	$2,500	$1.45	3d	1	1.19mi
6960 Versailles Unit 6960 Pinellas Park, FL	2.0	2.0	1109	$1,695	$1.53	5d	1	1.20mi
7077 Versailles Unit 7077 Pinellas Park, FL	2.0	2.0	1350	$1,695	$1.26	5d	1	1.20mi
4653 78th Ln N St Petersburg, FL	3.0	2.0	1312	$2,695	$2.05	26d	1	1.33mi
6045 71st Ave N Pinellas Park, FL	3.0	2.0	1200	$3,150	$2.62	6d	1	1.34mi
5980 63rd Ter N Pinellas Park, FL	3.0	2.0	1600	$2,990	$1.87	6d	1	1.36mi
8330 63rd Way N Pinellas Park, FL	4.0	2.0	1354	$2,475	$1.83	6d	1	1.38mi
5255 62nd St N Kenneth City, FL	1.0–3.0	1.0–2.0	1000	$1,775	$1.77	4d	2	1.39mi
5957 McKee Lake Dr N Saint Petersburg, FL	3.0	2.0	1152	$2,400	$2.08	6d	1	1.44mi
5526 59th Way N Unit 1 St. Petersburg, FL	2.0	1.0	1384	$1,750	$1.26	26d	1	1.50mi
7005 59th St N Pinellas Park, FL	3.0	2.0	1274	$2,889	$2.27	26d	1	1.50mi

Listing history 2 events

1. 2026-06-07
   remarks 482-char remark
2. 2026-06-07
   listed $274,900 Pending 2 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: $1,780 · $148/mo
• Projected year-2 tax: $2,282 · $190/mo
• Expected delta: +$502/yr (+$42/mo · 28.2%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $27,796
• − Mortgage interest: −$15,399
• − Property taxes: −$1,780
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,224
• − Management: −$2,224
• − Depreciation: −$7,997
• Taxable loss: −$3,201
• Est. tax savings @ 24.0%: +$768
• After-tax cash flow: $2,274/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 28,072
• Household income: $57,785
• Rent vs Own: 35.6% rent · 64.4% own
• Severe rent burden: 1115.0

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 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 16% Asian 14% Two or more races 11% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 5%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 18% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 12% Vietnamese 7% Other Asian/Pacific 3%

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: ▼ -409.77%
• Current HPI: 348.546
• Rent YoY: ▼ -2.95%
• 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

+418.7% since first listed

5 events — show timeline

• 2026-06-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-06-04 Listed $274,900 Stellar MLS as Distributed by MLS Grid
• 2001-05-10 Sold (Public Records) $100,000 Public Records
• 1983-03-01 Sold (Public Records) $59,500 Public Records
• 1981-04-01 Sold (Public Records) $53,000 Public Records

Property tax history

-1.4%/yr

Latest (2025): $1,780 · +6.5% YoY. Source: county tax records.