1601 43rd St N #224 · St. Petersburg, FL 33713

$205,000

2 bd · 2.0 ba · 1,140 sqft · Condo public records · 16 Days on market

Built 1984 $656/mo HOA · 29% of rent

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Why this score? — see what drove the D 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 +11.7/30.0
• ARV discount +7.5/15.0
• 1% rule +6.1/10.0
• Schools +4.3/10.0
• DSCR +3.4/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Best kept secret in St. Pete! Only 63 units in this well-kept complex and they are seldom available for sale! Spacious (1140 sq. ft) 2 bedroom 2 bath with carport and a screened porch. Glass sliders from living room and master bedroom toscreened porch ---just the place to enjoy morning coffee and Florida weather! Mirrored closet doors on master walk-in. New in 2003 Trane a/c is serviced annually. New fridge. Laundry/storage room adjacent to the screened porch. Light, neutral colors, including ceramic tile kitchen and hall floors, light beige carpeting in living and bedroom areas. Washer and dryer incl. Elevator. Nice clubhouse & community pool. Attractively landscaped complex in a non-flood, non-evacuation area. Excellent location only minutes to Tyrone shopping, beaches and to downtown St. Pete. Well- kept, clean and ready for you to move in! Exterior of buildings newly painted. Sold 'as is' as a convenience to the Seller.

Key facts

• Primary suite
• Ensuite bath
• Walk in closet

Tags

• PRIVATE SCREENED BALCONY
• GENEROUSLY SIZED KITCHEN
• IN UNIT WASHER AND DRYER
• PRIMARY SUITE
• WALK IN CLOSET
• ENSUITE BATH

Property features AI

Finance

• Other: Unfurnished; Living area approximately 1,140 sq ft
• Financial info: Total monthly fees $656; total annual fees $7,872; Lease restrictions apply
• HOA & community: Monthly condo fee $656 (includes cable TV, common area taxes, pool, escrow reserves, fidelity bond, insurance, structure maintenance, grounds maintenance, sewer, trash, water, private road); Association: Gary Munger; Community amenities: Clubhouse, community pool, community mailbox, sidewalks, wheelchair access, association-owned recreation; Senior community; Cats allowed

Exterior

• Parking: Assigned parking; Guest parking; 1-car carport
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Condominium; Residential property; 2-story building, unit located on second floor; West-facing
• Construction: Block construction; Shingle roof; Slab foundation; Building name/number: 6; Built as part of a multi-unit building
• Exterior features: Balcony; Sliding doors; Sidewalk

Interior

• Kitchen: Convection oven; Cooktop; Dishwasher; Disposal; Freezer; Refrigerator
• Bedrooms: 2 bedrooms (unit on 2nd floor)
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heat; Central air
• Interior features: Ceiling fans; Elevator; Thermostat
• Laundry & utility: Washer; Dryer; Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $205k.

Deal economics

• At list price, monthly cash flow is $-61 ($-730/yr) — negative.
• To cash-flow at today's rent, offer at most $194k (5.2% below list).
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $194k (5.2% below list) — sets the bar for cash-flow.
• Cap rate 5.9% 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 D — 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 flat; 307 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d 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 37% of the median local income ($75k/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 $6k 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

• It's been on market 16 days — a 2% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y 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 $119k; list at $205k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: 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 $194,258 (5.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 1.11% ✓
• Cap rate: 5.94%
• Cash-on-cash: -1.27%
• DSCR: 0.94
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: -21.7%
• Equity multiple: 0.27×
• Total profit: $-42,010
• Equity at exit: $30,566

10-year hold

• IRR: -25.1%
• Equity multiple: -0.06×
• Total profit: $-60,783
• Equity at exit: $17,725

Cash invested: $57,400 (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 33713

• Rents YoY: 0.7%
• Active inventory: 307
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,281 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$47 /mo · $559/yr
• Insurance: −$85
• HOA: −$656
• Vacancy / Maint / Mgmt: −$479
• Net cashflow: $-61

Break-even live

Break-even rent $2,358

Max offer price $194,258

Occupancy floor 98%

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1803 42nd Way N Saint Petersburg, FL	2.0	2.0	1421	$4,200	$2.96	24d	1	0.16mi
4136 13th Ave N Saint Petersburg, FL	3.0	2.0	1154	$2,600	$2.25	11d	1	0.23mi
4148 11th Ave N Saint Petersburg, FL	2.0	1.0	806	$2,000	$2.48	24d	1	0.33mi
1101 46th St N Saint Petersburg, FL	2.0	1.0	1300	$2,300	$1.77	4d	1	0.36mi
4218 24th Ave N Saint Petersburg, FL	2.0	1.0	1121	$1,925	$1.72	4d	1	0.42mi
4594 10th Ave N Saint Petersburg, FL	3.0	2.0	1432	$3,100	$2.16	24d	1	0.44mi
1200 37th St N #409 Saint Petersburg, FL	2.0	2.0	827	$1,695	$2.05	4d	1	0.53mi
4942 Oxford Ave N Saint Petersburg, FL	2.0	1.0	776	$1,700	$2.19	24d	1	0.55mi
4526 6th Ave N Saint Petersburg, FL	2.0	1.0	888	$1,950	$2.20	4d	1	0.65mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$1,598	$1.35	4d	12	0.65mi
4227 5th Ave N Saint Petersburg, FL	2.0	1.0	930	$2,100	$2.26	4d	1	0.66mi
3700 9th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	755	$2,025	$2.68	1d	3	0.67mi
3901 5th Ave N Unit 3901 5th D St. Petersburg, FL	2.0	1.0	825	$1,595	$1.93	7d	1	0.72mi
630 50th St N Saint Petersburg, FL	2.0	1.0	1085	$2,070	$1.91	24d	1	0.82mi
3601 6th Ave N Saint Petersburg, FL	2.0	2.0	808	$2,400	$2.97	4d	1	0.83mi
4083 30th Ave N Saint Petersburg, FL	2.0	1.0	924	$1,750	$1.89	17d	1	0.87mi
5330 11th Ave N Saint Petersburg, FL	2.0	1.0	756	$1,800	$2.38	4d	1	0.91mi
3750 4th Ave N Saint Petersburg, FL	2.0	1.0	881	$2,100	$2.38	24d	1	0.93mi
3664 29th Ave N Saint Petersburg, FL	2.0	1.0	1105	$2,400	$2.17	14d	1	0.95mi
5318 9th Ave N Saint Petersburg, FL	3.0	2.0	1142	$2,600	$2.28	4d	1	0.95mi
3720 3rd Ave N Unit 1/2 St. Petersburg, FL	3.0	3.0	1392	$3,000	$2.16	24d	1	1.00mi
3844 Burlington Ave N Saint Petersburg, FL	2.0	1.0	828	$1,895	$2.29	19d	1	1.00mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,798	$2.18	3d	1	1.01mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,813	$2.19	7d	1	1.01mi
3823 2nd Ave N Saint Petersburg, FL	2.0	1.0	944	$2,300	$2.44	4d	1	1.03mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	4d	1	1.04mi
3100 Hartford St N #121 Saint Petersburg, FL	1.0	1.0	755	$1,200	$1.59	24d	1	1.09mi
3435 3rd Ave N Saint Petersburg, FL	1.0–2.0	1.0	772	$1,795	$2.32	1d	4	1.10mi
3653 2nd Ave N Saint Petersburg, FL	2.0	1.0	1024	$2,500	$2.44	24d	1	1.11mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	1100	$1,950	$1.77	24d	1	1.11mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	10d	1	1.11mi
2819 53rd St N Saint Petersburg, FL	2.0	1.0	900	$1,995	$2.22	4d	1	1.13mi
3480 32nd Ave N #105 Saint Petersburg, FL	2.0	1.0	805	$1,350	$1.68	17d	1	1.14mi
3460 32nd Ave N #101 Saint Petersburg, FL	2.0	1.0	805	$1,700	$2.11	2d	1	1.15mi
5050 2nd Ave N Saint Petersburg, FL	2.0	1.0	816	$1,495	$1.83	4d	1	1.18mi
3316 31st Ave N St. Petersburg, FL	1.0–2.0	1.0	825	$1,649	$2.00	2d	3	1.21mi
5521 5th Ave N Saint Petersburg, FL	2.0	1.0	952	$1,750	$1.84	4d	1	1.21mi
3801 1st Ave S Saint Petersburg, FL	2.0	1.0	900	$1,975	$2.19	17d	1	1.22mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,899	$2.45	7d	3	1.22mi
3201 3rd Ave N Saint Petersburg, FL	2.0	1.0–2.5	932	$3,040	$3.26	3d	39	1.23mi

HOA detail condo

• Monthly dues: $656 · $7,872/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 12 events

1. 2026-06-18
   days on market $205,000 Active 16 DOM
2. 2026-06-17
   days on market $205,000 Active 15 DOM
3. 2026-06-16
   days on market $205,000 Active 14 DOM
4. 2026-06-15
   price $205,000 Active 13 DOM
5. 2026-06-15
   days on market $215,000 Active 13 DOM
6. 2026-06-13
   days on market $215,000 Active 11 DOM
7. 2026-06-09
   days on market $215,000 Active 7 DOM
8. 2026-06-08
   days on market $215,000 Active 6 DOM
9. 2026-06-07
   days on market $215,000 Active 5 DOM
10. 2026-06-04
    days on market $215,000 Active 2 DOM
11. 2026-06-02
    remarks 693-char remark
12. 2026-06-02
    listed $215,000 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: $559 · $47/mo
• Projected year-2 tax: $1,702 · $142/mo
• Expected delta: +$1,143/yr (+$95/mo · 204.5%)

ⓘ 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 · 27 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: $27,375
• − Mortgage interest: −$11,483
• − Property taxes: −$559
• − Insurance: −$1,025
• − Repairs & maintenance: −$2,190
• − Management: −$2,190
• − HOA: −$7,872
• − Depreciation: −$5,964
• Taxable loss: −$3,907
• Est. tax savings @ 24.0%: +$938
• After-tax cash flow: $208/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): 31,729
• Household income: $74,707
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 1076.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 13% Two or more races 9% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 9% Other Asian/Pacific 2% Vietnamese 2%

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: ▼ -439.69%
• Current HPI: 478.8317
• Rent YoY: ▲ 0.67%
• 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

+264.4% since first listed

16 events — show timeline

• 2026-06-02 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-12 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-03 Price Changed $214,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-05 Price Changed $219,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-01-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-12-03 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2024-10-03 Listed $239,000 Stellar MLS as Distributed by MLS Grid
• 2007-05-21 Sold (Public Records) $119,000 Public Records
• 2007-05-15 Sold (MLS) $119,000 Stellar MLS as Distributed by MLS Grid
• 2007-01-29 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 1999-08-03 Sold (Public Records) $70,300 Public Records
• 1984-04-01 Sold (Public Records) $59,000 Public Records

Property tax history

-6.7%/yr

Latest (2025): $559 · +6.5% YoY. Source: county tax records.