5396 4th St N #105 · St. Petersburg, FL 33703

$89,900

2 bd · 1.0 ba · 750 sqft · Condo public records · 95 Days on market

Built 1962 $91/mo HOA · 4% of rent

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Beautiful 2BR/1BA Ground-Floor Condo in St. Petersburg Welcome to Palm Gardens, a desirable 55+ community offering comfort and convenience. The Condo Association fee is the lowest in the area, only $275.00 a month. This gorgeous ground-floor condo features two bedrooms and one bathroom, with both front and rear screened porches—perfect for enjoying Florida’s indoor-outdoor lifestyle. The open and airy kitchen/family room boasts ceramic tile flooring, abundant natural light, newer cabinetry, and a flat-top stove. Additional highlights include an in-unit washer and dryer, ceiling fans throughout, and a bathroom with an easy-access walk-in shower. The master bedroom has an spacious

Key facts

• Ground floor condo
• Screened porches
• $91 HOA

Tags

• GROUND FLOOR CONDO
• SCREENED PORCHES
• CERAMIC TILE FLOORING
• IN UNIT WASHER AND DRYER
• EASY ACCESS WALK IN SHOWER
• COVERED PARKING SPACE

Property features AI

Finance

• Other: Lease restrictions apply; Furnished: negotiable; Condo land included
• Financial info: Total annual fees reported as $1,100; Total monthly fees reported as $91.67; Condo fees reported as $275 (term: quarterly)
• HOA & community: Has HOA; association requires approval; Association fees paid quarterly; Condo fee listed as $92 monthly (quarterly term noted); Association fee includes water, sewer and trash; Senior community; Pets allowed (cats and dogs) with limits; max pet weight 25 lbs; Buyer approval required

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer / sewer connected; Electricity available; Cable available; Water connected
• Home design: Condominium; Residential property; One story; Faces west; Floor 1
• Construction: Block construction; Built-up roof; Slab foundation; Completed condition; Built area approximately 800 sq ft
• Exterior features: Asphalt road access; Sliding doors (exterior feature)

Interior

• Kitchen: Cooktop; Range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Ductless heating; Wall/window air conditioning unit(s)
• Interior features: Ceiling fans; Living room / dining room combo; Window treatments; Sliding doors
• Laundry & utility: Washer; Dryer; Laundry inside the unit located in the kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $609 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 20.1% 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 rising (+2.2%/yr); 451 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $622 of loan paydown is wiped out by about $3k 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 + 2.2% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $21k; list at $90k implies a 328% 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 $81,809 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.34% ✓
• Cap rate: 20.11%
• Cash-on-cash: 49.36%
• DSCR: 3.20
• GRM: 3.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.21% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 1.91×
• Total profit: $22,851
• Equity at exit: $13,404

10-year hold

• IRR: 29.8%
• Equity multiple: 3.56×
• Total profit: $64,338
• Equity at exit: $7,773

Cash invested: $25,172 (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: 451
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $2,107 high
• Mortgage (P&I): −$471
• Tax from tax record: −$29 /mo · $347/yr
• Insurance: −$37
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$91
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $609

Break-even live

Break-even rent $1,336

Max offer price $89,900

Occupancy floor 66%

Sensitivity live

Price	-10% $660	-5% $634	+0% $609	+5% $583	+10% $558
Rent	-10% $442	-5% $526	+0% $609	+5% $692	+10% $775
Rate	-1.0pp $654	-0.5pp $632	base $609	+0.5pp $586	+1.0pp $562

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5364 4th St N St. Petersburg, FL	1.0	1.0	570	$1,150	$2.02	25d	1	0.05mi
426 Palm Ave N Unit 9 St. Petersburg, FL	2.0	1.0	850	$1,500	$1.76	25d	1	0.09mi
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$3,323	$3.44	3d	13	0.12mi
5519 Commonwealth Ave N Saint Petersburg, FL	2.0	1.0	852	$2,900	$3.40	5d	1	0.18mi
440 50th Ave N Saint Petersburg, FL	1.0	1.0	825	$2,100	$2.55	25d	1	0.26mi
550 50th Ave N Saint Petersburg, FL	2.0	1.0	765	$1,700	$2.22	8d	2	0.29mi
363 48th Ave N Saint Petersburg, FL	1.0	1.0	750	$1,900	$2.53	25d	1	0.35mi
135 48th Ave N Unit B St. Petersburg, FL	1.0	1.0	800	$2,495	$3.12	25d	1	0.41mi
220 Southeast Blvd N St. Petersburg, FL	2.0	1.0	850	$2,000	$2.35	17d	1	0.43mi
547 46th Ave N Saint Petersburg, FL	2.0	1.0	837	$2,000	$2.39	8d	1	0.50mi
120 47th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,999	$2.19	3d	8	0.52mi
4681 1st St NE #209 Saint Petersburg, FL	2.0	2.0	1120	$2,250	$2.01	25d	1	0.53mi
4920 Locust St NE St. Petersburg, FL	2.0	2.0	1035	$1,825	$1.76	25d	1	0.54mi
660 62nd Ave N #1204 Saint Petersburg, FL	1.0	1.0	656	$1,400	$2.13	24d	1	0.56mi
4880 Locust St NE St Petersburg, FL	1.0	1.0–2.0	840	$1,375	$1.64	25d	3	0.57mi
4880 Locust St NE St Petersburg, FL	1.0	1.5–2.0	930	$1,500	$1.61	5d	2	0.57mi
209 NW Jefferson Cir N Unit JEFFERSON209-15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	3d	1	0.58mi
209 NW Jefferson Cir N Unit 15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	25d	1	0.58mi
4651 1st St NE #306 Saint Petersburg, FL	2.0	2.0	1120	$2,900	$2.59	5d	1	0.59mi
613 44th Ave N Saint Petersburg, FL	2.0	1.0	1124	$2,250	$2.00	5d	1	0.62mi
468 44th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	693	$1,900	$2.74	25d	1	0.63mi
6360 1st St N #103 Saint Petersburg, FL	1.0	1.0	755	$1,499	$1.99	5d	1	0.67mi
1145 54th Ave N Saint Petersburg, FL	2.0	1.0	810	$1,850	$2.28	25d	1	0.70mi
209 NE Lincoln Cir N St Petersburg, FL	2.0	1.5	855	$1,498	$1.75	25d	2	0.72mi
517 Hampton Ave NE St Petersburg, FL	3.0	2.0	896	$2,950	$3.29	25d	1	0.75mi
4200 1st St NE Unit 2 St. Petersburg, FL	1.0	1.0	800	$1,650	$2.06	25d	1	0.76mi
131 41st Ave N Saint Petersburg, FL	2.0	2.0	933	$2,100	$2.25	4d	2	0.81mi
101 40th Ave NE Saint Petersburg, FL	3.0	1.0	1075	$2,700	$2.51	4d	1	0.89mi
233 41st Ave NE Saint Petersburg, FL	3.0	1.0	920	$2,295	$2.49	5d	1	0.90mi
5924 15th Way N Saint Petersburg, FL	3.0	2.0	1104	$3,200	$2.90	5d	1	1.00mi
646 38th Ave N Saint Petersburg, FL	2.0	1.0	978	$2,400	$2.45	4d	1	1.02mi
6910 Dr Martin Luther King Jr St N Saint Petersburg, FL	2.0	1.0	780	$1,850	$2.37	25d	1	1.10mi
3651 Haines Rd N Saint Petersburg, FL	2.0	1.0	950	$1,800	$1.89	12d	1	1.19mi
4104 1/2 Haines Rd N Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	25d	1	1.20mi
3700 Haines Rd N St Petersburg, FL	1.0–2.0	1.0	675	$1,950	$2.89	15d	2	1.22mi
111 73rd Ave N Saint Petersburg, FL	3.0	1.0–1.5	695	$1,883	$2.71	25d	1	1.22mi
4481 Crestwood Dr N Saint Petersburg, FL	2.0	1.0	720	$1,950	$2.71	4d	1	1.23mi
5850 18th St N St Petersburg, FL	1.0–2.0	1.0–2.0	727	$1,400	$1.92	25d	2	1.27mi
5920 18th St N #14 Saint Petersburg, FL	2.0	2.0	950	$1,400	$1.47	25d	1	1.28mi
5850 18th St N #23 Saint Petersburg, FL	2.0	2.0	870	$1,400	$1.61	18d	1	1.29mi

HOA detail condo

• Monthly dues: $91 · $1,092/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 6 events

1. 2026-04-07
   price $89,900
2. 2026-02-20
   listed $94,900 Active
3. 1998-11-17
   soldstatus $21,000
4. 1993-07-12
   soldstatus $28,500
5. 1983-09-01
   soldstatus $11,000
6. 1983-09-01
   soldstatus $11,000

ⓘ 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: $347 · $29/mo
• Projected year-2 tax: $746 · $62/mo
• Expected delta: +$399/yr (+$33/mo · 114.9%)

ⓘ 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 1/10 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: $25,280
• − Mortgage interest: −$5,036
• − Property taxes: −$347
• − Insurance: −$5,568
• − Repairs & maintenance: −$2,022
• − Management: −$2,022
• − HOA: −$1,092
• − Depreciation: −$2,615
• Taxable income: $6,577
• Est. tax owed @ 24.0%: −$1,579
• After-tax cash flow: $5,728/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

+717.3% since first listed

6 events — show timeline

• 2026-04-07 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Listed $94,900 Stellar MLS as Distributed by MLS Grid
• 1998-11-17 Sold (Public Records) $21,000 Public Records
• 1993-07-12 Sold (Public Records) $28,500 Public Records
• 1983-09-01 Sold (Public Records) $11,000 Public Records
• 1983-09-01 Sold (Public Records) $11,000 Public Records