1130 29th St S · St. Petersburg, FL 33712

$167,000

3 bd · 2.0 ba · 1,008 sqft · SingleFamily public records · 2 Days on market

Built 1955 3,419 sqft lot Est $260k · 36% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment! The property was originally a duplex, (two small 1/1's) tastefully converted to a 3 bed, 2 bath. Endless possibilities. .. .needs little work.

Key facts

• Manageable lot
• Outdoor space
• 3,419 sq ft lot

Tags

• CLASSIC FRAME CONSTRUCTION
• MANAGEABLE LOT
• OUTDOOR SPACE
• QUICK ACCESS TO I-275

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $167k.

Deal economics

• At list price, monthly cash flow is $675 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $167k).
• Cap rate 11.1% 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 soft (-0.8%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 43% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $5k 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 + 0.0% rent growth), your $47k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 22y 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 $70k; list at $167k implies a 139% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,000

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.31% ✓
• Cap rate: 11.15%
• Cash-on-cash: 17.33%
• DSCR: 1.77
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $260,064
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1742 31st St S	0.43mi	3/1.5	988 (-2%)	9mo	$264,855	$268	67
3127 Oakley Ave S	0.32mi	3/1.0	950 (-6%)	6mo	$245,000	$258	66
2584 14th Ave S	0.27mi	2/1.0 (-1)	914 (-9%)	3mo	$285,000	$312	60
2487 15th Ave S	0.39mi	3/2.0	1,125 (+12%)	6mo	$285,000	$253	57
2401 17th Ave S	0.53mi	3/1.0	912 (-10%)	1mo	$90,000	$99	55
3227 Queensboro Ave S	0.53mi	3/2.0	1,144 (+14%)	2mo	$235,000	$205	51
1931 24th St S	0.69mi	3/1.0	1,038 (+3%)	10mo	$215,000	$207	51
2027 13th Ave S	0.72mi	3/1.0	958 (-5%)	6mo	$210,000	$219	49
2950 2nd Ave S	0.70mi	3/2.0	1,083 (+7%)	7mo	$510,000	$471	49
3455 14th Ave S	0.52mi	4/2.0 (+1)	1,098 (+9%)	10mo	$282,500	$257	47
2331 16th Ave S	0.53mi	3/1.0	872 (-14%)	6mo	$245,000	$281	43
3336 Carlisle Ave S	0.73mi	2/1.0 (-1)	928 (-8%)	4mo	$240,000	$259	40

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: 5.4%
• Equity multiple: 1.20×
• Total profit: $9,513
• Equity at exit: $24,900

10-year hold

• IRR: 12.1%
• Equity multiple: 1.83×
• Total profit: $38,768
• Equity at exit: $14,439

Cash invested: $46,760 (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 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,189 high
• Mortgage (P&I): −$876
• Tax from tax record: −$109 /mo · $1,304/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $675

Break-even live

Break-even rent $1,334

Max offer price $167,000

Occupancy floor 64%

Sensitivity live

Price	-10% $770	-5% $723	+0% $675	+5% $628	+10% $581
Rent	-10% $502	-5% $589	+0% $675	+5% $762	+10% $848
Rate	-1.0pp $760	-0.5pp $718	base $675	+0.5pp $632	+1.0pp $588

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: $41,750
• Closing costs: $5,010
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1361 29th St S Saint Petersburg, FL	3.0	1.0	819	$2,400	$2.93	25d	1	0.18mi
2728 14th Ave S St. Petersburg, FL	3.0	2.0	1257	$2,100	$1.67	8d	1	0.20mi
3091 15th Ave S St. Petersburg, FL	3.0	2.0	1000	$2,195	$2.19	25d	1	0.29mi
3089 15th Ave S Saint Petersburg, FL	3.0	2.0	1000	$2,195	$2.19	5d	1	0.29mi
2547 14th Ave S Saint Petersburg, FL	2.0	1.0	726	$2,800	$3.86	5d	1	0.29mi
1147 32nd St S Saint Petersburg, FL	2.0	1.0	780	$1,350	$1.73	15d	1	0.31mi
2900 Freemont Ter S Saint Petersburg, FL	3.0	3.0	1376	$2,560	$1.86	5d	1	0.35mi
1227 Fargo St S Unit 1 St. Petersburg, FL	2.0	1.0	780	$1,600	$2.05	25d	1	0.37mi
626 31st St S Saint Petersburg, FL	3.0	1.0	1040	$2,200	$2.12	3d	1	0.42mi
560 26th St S Saint Petersburg, FL	3.0	1.0	979	$2,407	$2.46	25d	1	0.48mi
1827 Auburn St S Saint Petersburg, FL	3.0	1.0	1056	$1,855	$1.76	5d	1	0.54mi
2231 15th Ave S Saint Petersburg, FL	2.0	1.0	768	$1,900	$2.47	5d	1	0.55mi
2245 17th Ave S Saint Petersburg, FL	4.0	2.0	1058	$2,400	$2.27	5d	1	0.58mi
1901 31st St S Unit 1/2 St. Petersburg, FL	2.0	1.0	721	$1,950	$2.70	4d	1	0.59mi
2745 4th Ave S Saint Petersburg, FL	3.0	2.0	1235	$3,200	$2.59	4d	1	0.60mi
3145 4th Ave S St. Petersburg, FL	2.0	1.5	938	$2,020	$2.15	25d	1	0.63mi
2410 18th Ave S Saint Petersburg, FL	4.0	1.0	927	$1,895	$2.04	5d	1	0.63mi
3535 14th Ave S Saint Petersburg, FL	3.0	1.0	768	$1,650	$2.15	5d	1	0.65mi
1930 Walton St S Saint Petersburg, FL	3.0	1.0	814	$2,000	$2.46	5d	1	0.68mi
2810 2nd Ave S Unit B St. Petersburg, FL	2.0	1.0	950	$2,795	$2.94	15d	1	0.68mi
3603 16th Ave S Saint Petersburg, FL	4.0	2.0	1235	$3,000	$2.43	5d	1	0.70mi
1400 21st St S Saint Petersburg, FL	4.0	2.0	1487	$2,970	$2.00	8d	1	0.72mi
3246 20th Ave S Saint Petersburg, FL	2.0	1.0	864	$1,795	$2.08	25d	1	0.73mi
2020 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	8d	1	0.74mi
2028 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	25d	1	0.74mi
2900 1st Ave S Unit A St. Petersburg, FL	2.0	1.0	1000	$2,295	$2.29	25d	1	0.75mi
2710 22nd Ave S Saint Petersburg, FL	3.0	1.0	1083	$2,450	$2.26	4d	1	0.75mi
3421 4th Ave S Saint Petersburg, FL	2.0	1.5	938	$1,805	$1.92	4d	1	0.77mi
1665 37th St S Saint Petersburg, FL	3.0	1.0	867	$1,850	$2.13	11d	1	0.79mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	25d	1	0.80mi
2010 22nd St S Saint Petersburg, FL	3.0	1.0	1036	$1,695	$1.64	5d	1	0.82mi
2244 21st Ave S Saint Petersburg, FL	3.0	1.0	1229	$2,250	$1.83	5d	1	0.83mi
3100 Central Ave Saint Petersburg, FL	1.0–2.0	1.0–2.0	880	$2,660	$3.02	2d	10	0.84mi
201 35th St S Saint Petersburg, FL	2.0	1.0	850	$1,680	$1.98	2d	1	0.88mi
2423 Auburn St S Saint Petersburg, FL	3.0	2.0	1057	$1,650	$1.56	25d	1	0.89mi
2425 Auburn St S Saint Petersburg, FL	3.0	2.0	1092	$2,195	$2.01	4d	1	0.90mi
1771 15th Ave S Saint Petersburg, FL	2.0	1.0	800	$1,195	$1.49	4d	1	0.90mi
3550 2nd Ave S St. Petersburg, FL	2.0	1.0	720	$2,800	$3.89	25d	1	0.91mi
1642 39th St S Saint Petersburg, FL	3.0	1.0	975	$1,995	$2.05	21d	1	0.91mi
1734 39th St S Saint Petersburg, FL	4.0	2.0	1152	$2,000	$1.74	25d	1	0.93mi

Listing history 19 events

1. 2026-06-18
   status $167,000 Pending 2 DOM
2. 2026-06-18
   days on market $167,000 Active 2 DOM
3. 2026-06-17
   pricedays on marketlisting id $167,000 Active 1 DOM
4. 2026-06-09
   days on market $195,000 Active 10 DOM
5. 2026-06-08
   days on market $195,000 Active 9 DOM
6. 2026-06-07
   days on market $195,000 Active 8 DOM
7. 2026-06-04
   days on market $195,000 Active 5 DOM
8. 2026-06-03
   days on market $195,000 Active 4 DOM
9. 2026-06-02
   days on market $195,000 Active 3 DOM
10. 2026-06-01
    days on market $195,000 Active 2 DOM
11. 2026-05-31
    remarks 699-char remark
12. 2026-05-31
    pricedays on marketlisting id $195,000 Active 1 DOM
13. 2026-05-12
    listed $170,000 Active
14. 2006-06-14
    soldstatus $70,000
15. 2006-06-02
    soldstatus $70,000 160-char remark

    Show marketing remark (160 chars)

    Great Investment! The property was originally a duplex, (two small 1/1's) tastefully converted to a 3 bed, 2 bath. Endless possibilities. .. .needs little work.

16. 2006-05-03
    listed $79,000 160-char remark

    Show marketing remark (160 chars)

    Great Investment! The property was originally a duplex, (two small 1/1's) tastefully converted to a 3 bed, 2 bath. Endless possibilities. .. .needs little work.

17. 2005-01-06
    soldstatus $94,000
18. 2004-07-02
    listed $94,000
19. 2002-10-08
    soldstatus $33,000

ⓘ 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: $1,304 · $109/mo
• Projected year-2 tax: $1,386 · $116/mo
• Expected delta: +$82/yr (+$7/mo · 6.3%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 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: $26,270
• − Mortgage interest: −$9,355
• − Property taxes: −$1,304
• − Insurance: −$835
• − Repairs & maintenance: −$2,102
• − Management: −$2,102
• − Depreciation: −$4,858
• Taxable income: $5,715
• Est. tax owed @ 24.0%: −$1,372
• After-tax cash flow: $6,734/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): 27,142
• Household income: $60,450
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1928.0

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 Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Slovak 1% Estonian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 92% English-only · French/Haitian/Cajun 3% Spanish 3% 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: ▼ -275.45%
• Current HPI: 412.7251
• Rent YoY: ▼ -0.77%
• 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

+415.2% since first listed

7 events — show timeline

• 2026-05-12 Listed $170,000 FSBO.com
• 2006-06-14 Sold (Public Records) $70,000 Public Records
• 2006-06-02 Sold (MLS) $70,000 Stellar MLS as Distributed by MLS Grid
• 2006-05-03 Listed $79,000 Stellar MLS as Distributed by MLS Grid
• 2005-01-06 Sold (Public Records) $94,000 Public Records
• 2004-07-02 Listed $94,000 Stellar MLS as Distributed by MLS Grid
• 2002-10-08 Sold (Public Records) $33,000 Public Records

Property tax history

+12.6%/yr

Latest (2025): $1,304 · +15.6% YoY. Source: county tax records.