4030 Overlook Dr NE · St. Petersburg, FL 33703

$330,000

3 bd · 2.0 ba · 1,399 sqft · SingleFamily public records · 17 Days on market

Built 1956 0.26 ac lot Est $374k · 12% 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 +21.2/30.0
• ARV discount +12.7/15.0
• DSCR +6.7/10.0
• 1% rule +4.4/10.0
• 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 MLS

FIRST COME, FIRST ONE TO GET THIS GREAT DEAL!! Approved short sale and best value in Shore Acres!!! This home is situated on a 1/4 of an acre lot with space galore. Plenty of room on both sides to park a boat, jet ski or RV. Back yardcan accommodate a volleyball game and still has room for the 2 sheds with electricity. Inside you will find 3bedrooms and 2 full bathrooms with over 1700 heated living space. Freshly painted inside and out . 4 years new three dimensional shingle roof. Wood burning fireplace to enjoy on those cold winter nights. Great open floor plan. Laundry room includes full size front loading washer and dryer, tank less water heater and plenty of room for storage. No work to do here just bring your tooth brush. Enjoy the hot summer days at Shores Acres community pool.

Key facts

• Outdoor living areas
• Custom home
• Premier location

Tags

• ACRE LOT
• OVERSIZED LOT
• CUSTOM HOME
• OUTDOOR LIVING AREAS
• PREMIER LOCATION
• SOUGHT-AFTER NEIGHBORHOOD

Property features AI

Finance

• Other: Homestead exempt; Living area reported as 1,399 (public records); Building area total reported as 2,035 (public records); Property listed as fixer; Directions: Take Overlook Drive to property, home on left
• HOA & community: No HOA indicated

Exterior

• Parking: Attached garage (1 garage space)
• Utilities: Public water; Public sewer; Electricity available; Cable available; Broadband/high-speed internet available; Sewer connected; Water connected
• Home design: Single family residence; Residential property; One story; Faces east; Fixer condition
• Construction: Block construction; Shingle roof; Slab foundation; Built on a 0.26-acre lot (approx. 71 x 117)
• Exterior features: City limits; Paved road access; Asphalt road surface; Flood zone (flood insurance required); Irregular, oversized lot

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms
• Flooring: Terrazzo flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating listed; No cooling listed
• Interior features: Kitchen/family room combo; Living room fireplace
• Laundry & utility: No laundry features listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $49 ($589/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 $310k (6.1% below list).
• Recommended offer: $310k (6.1% below list) — sets the bar for 1% rule.
• Cap rate 8.0% 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 C — 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.
• Zoned schools: Shore Acres Elementary School (math 61% / reading 52%, grade C+, #816 of 2,144 statewide, top 39%, 709 students, 46% FRL); Meadowlawn Middle School (math 29% / reading 30%, grade F, #469 of 571 statewide, top 84%, 832 students, 69% FRL); Northeast High School (math 35% / reading 47%, grade F, #289 of 667 statewide, top 44%, 1,736 students, 50% FRL).
• Market conditions: Rents rising (+2.2%/yr); 457 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 39% of the median local income ($95k/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 $2k of loan paydown is wiped out by about $10k 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 17 days — a 2% lower offer ($325k) is reasonable based on typical stale-listing flexibility.
• 4 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 $128k; list at $330k implies a 157% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $309,763 (6.1% below list)

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.94% ✗
• Cap rate: 8.02%
• Cash-on-cash: 6.18%
• DSCR: 1.27
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $373,533
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3946 Helena St NE	0.13mi	3/2.0	1,320 (-6%)	1mo	$185,000	$140	84
1524 Carson Cir NE	0.39mi	3/2.0	1,439 (+3%)	8mo	$300,000	$208	71
1524 Connecticut Ave NE	0.30mi	3/2.0	1,267 (-9%)	1mo	$265,000	$209	70
4043 Shore Acres Blvd NE	0.37mi	3/2.0	1,260 (-10%)	1mo	$396,000	$314	66
4320 Huntington St NE	0.29mi	3/2.0	1,600 (+14%)	3mo	$475,000	$297	60
1567 Delaware Ave NE	0.31mi	2/2.0 (-1)	1,575 (+13%)	0mo	$710,000	$451	60
3843 Shore Acres Blvd NE	0.36mi	3/2.0	1,194 (-15%)	3mo	$325,000	$272	57
1875 Michigan Ave NE	0.60mi	3/2.0	1,274 (-9%)	2mo	$339,990	$267	56
1875 Mississippi Ave NE	0.64mi	3/2.0	1,264 (-10%)	6mo	$162,500	$129	49
1798 New Hampshire Ave NE	0.72mi	4/2.0 (+1)	1,296 (-7%)	3mo	$187,000	$144	46
1899 Shore Acres Blvd NE	0.74mi	3/2.0	1,560 (+12%)	0mo	$575,000	$369	46
1834 New Hampshire Ave NE	0.74mi	3/2.0	1,195 (-15%)	2mo	$205,000	$172	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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -16.2%
• Equity multiple: 0.43×
• Total profit: $-52,673
• Equity at exit: $49,204

10-year hold

• IRR: -9.3%
• Equity multiple: 0.45×
• Total profit: $-51,225
• Equity at exit: $28,532

Cash invested: $92,400 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $3,098 high
• Mortgage (P&I): −$1,731
• Tax from tax record: −$103 /mo · $1,241/yr
• Insurance: −$138
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$651
• Net cashflow: $49

Break-even live

Break-even rent $3,036

Max offer price $330,000

Occupancy floor 93%

Sensitivity live

Price	-10% $236	-5% $142	+0% $49	+5% $-44	+10% $-138
Rent	-10% $-196	-5% $-73	+0% $49	+5% $171	+10% $294
Rate	-1.0pp $215	-0.5pp $133	base $49	+0.5pp $-36	+1.0pp $-123

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: $82,500
• Closing costs: $9,900
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	15d	1	0.03mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	5d	1	0.10mi
4011 Helena St NE St Petersburg, FL	3.0	1.5	1005	$2,500	$2.49	26d	1	0.12mi
3901 Helena St NE Saint Petersburg, FL	3.0	2.0	1195	$2,590	$2.17	15d	1	0.16mi
4227 Helena St NE Saint Petersburg, FL	2.0	1.0	1134	$3,200	$2.82	5d	1	0.20mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	26d	1	0.27mi
4480 Overlook Dr NE #17 Saint Petersburg, FL	2.0	2.0	1145	$2,250	$1.97	21d	1	0.33mi
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	5d	1	0.35mi
3600 Alabama Ave NE Saint Petersburg, FL	2.0	1.0	943	$2,700	$2.86	26d	1	0.38mi
4560 Overlook Dr NE #167 Saint Petersburg, FL	2.0	1.5	1015	$2,050	$2.02	26d	1	0.45mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	5d	1	0.45mi
4095 14th St NE Saint Petersburg, FL	2.0	2.0	1791	$3,795	$2.12	5d	1	0.59mi
1867 Michigan Ave NE Saint Petersburg, FL	2.0	1.0	1044	$2,349	$2.25	5d	1	0.59mi
4165 13th Ln NE Saint Petersburg, FL	2.0	2.0	1438	$4,700	$3.27	5d	1	0.66mi
1885 Shore Acres Blvd NE Saint Petersburg, FL	3.0	2.0	1040	$2,498	$2.40	16d	1	0.74mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,919	$3.18	5d	26	0.74mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	3d	1	1.04mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	6d	1	1.04mi
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	18d	1	1.05mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	5d	1	1.08mi
1733 Bayou Grande Blvd NE Saint Petersburg, FL	2.0	1.0	1735	$4,750	$2.74	26d	1	1.08mi
5840 Tanglewood Dr NE Saint Petersburg, FL	4.0	3.0	1680	$3,150	$1.88	6d	1	1.25mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	6d	1	1.30mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1335	$3,299	$2.47	0d	1	1.30mi
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	6d	1	1.37mi
6016 18th St NE Saint Petersburg, FL	4.0	2.0	1692	$3,900	$2.30	6d	1	1.37mi

Listing history 10 events

1. 2026-06-22
   days on market $330,000 Active 17 DOM
2. 2026-06-18
   days on market $330,000 Active 14 DOM
3. 2026-06-17
   days on market $330,000 Active 13 DOM
4. 2026-06-16
   days on market $330,000 Active 12 DOM
5. 2026-06-15
   days on market $330,000 Active 11 DOM
6. 2026-06-13
   days on market $330,000 Active 9 DOM
7. 2026-06-09
   days on market $330,000 Active 5 DOM
8. 2026-06-08
   days on market $330,000 Active 4 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $330,000 Active 3 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: $1,241 · $103/mo
• Projected year-2 tax: $2,739 · $228/mo
• Expected delta: +$1,498/yr (+$125/mo · 120.6%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 29 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: $37,172
• − Mortgage interest: −$18,485
• − Property taxes: −$1,241
• − Insurance: −$6,769
• − Repairs & maintenance: −$2,974
• − Management: −$2,974
• − Depreciation: −$9,600
• Taxable loss: −$4,871
• Est. tax savings @ 24.0%: +$1,169
• After-tax cash flow: $1,758/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

+379.0% since first listed

10 events — show timeline

• 2026-06-04 Listed $330,000 Stellar MLS as Distributed by MLS Grid
• 2009-01-13 Sold (Public Records) $128,300 Public Records
• 2008-12-24 Sold (MLS) $128,300 Stellar MLS as Distributed by MLS Grid
• 2008-07-28 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2007-12-11 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2004-07-07 Sold (Public Records) $186,000 Public Records
• 2004-07-01 Sold (MLS) $186,000 Stellar MLS as Distributed by MLS Grid
• 2004-05-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-03-31 Listed $186,900 Stellar MLS as Distributed by MLS Grid
• 1989-10-12 Sold (Public Records) $68,900 Public Records

Property tax history

-5.0%/yr

Latest (2025): $1,241 · -16.5% YoY. Source: county tax records.