6440 150th Ave N · South Highpoint, FL 33760

$240,000

3 bd · 1.0 ba · 971 sqft · SingleFamily public records · 63 Days on market

Built 1973 4,752 sqft lot Est $268k · 10% under

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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 +12.6/30.0
• ARV discount +12.2/15.0
• Schools +4.3/10.0
• DSCR +3.8/10.0
• Livability +3.8/5.0
• 1% rule +3.3/10.0
• Condition / age +2.5/5.0
• Rent growth +0.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SHORT SALE , complete rehab needed

Key facts

• 4,752 sq ft lot
• Built 1973
• Listed 63 days

Property features AI

Finance

• Other: Zoned R-4; Lot approximately 0.11 acres; Living area about 1,224 sq ft (public records list 1,296 sq ft building area)
• Financial info: Lease restrictions apply
• HOA & community: No association

Exterior

• Parking: No parking details provided
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single family residence; One story; North-facing entry
• Construction: Block construction; Shingle roof; Slab foundation; Built as a fixer
• Exterior features: Sliding doors; Asphalt road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-29 ($-350/yr) — negative.
• To cash-flow at today's rent, offer at most $235k (2.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (17.4% below list).
• Recommended offer: $198k (17.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 75/100 on livability (#267 in FL, #4,332 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A; Watch: amenities F, employment D-.
• 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: High Point Elementary School (math 54% / reading 48%, grade C-, #1,043 of 2,144 statewide, top 49%, 609 students, 80% 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 68% FRL vs 48% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents falling (-7.1%/yr); 129 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 34% of the median local income ($70k/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 $7k 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 63 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 18y 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 $26k; list at $240k implies a 823% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $198,149 (17.4% 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. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.83% ✗
• Cap rate: 6.15%
• Cash-on-cash: -0.52%
• DSCR: 0.98
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $267,996
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14934 Mockingbird Ln W	0.08mi	3/1.0	944 (-3%)	8mo	$152,500	$162	85
14998 Mockingbird Ln	0.04mi	3/2.0	1,080 (+11%)	15mo	$150,000	$139	63
15623 Morgan St	0.73mi	3/1.0	965 (-1%)	11mo	$266,000	$276	56
15367 Bedford Cir E	0.71mi	3/2.0	1,020 (+5%)	4mo	$365,000	$358	51

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: -20.5%
• Equity multiple: 0.31×
• Total profit: $-46,567
• Equity at exit: $35,785

10-year hold

• IRR: -21.8%
• Equity multiple: 0.03×
• Total profit: $-65,424
• Equity at exit: $20,751

Cash invested: $67,200 (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 33760

• Rents YoY: -7.1%
• Active inventory: 129
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,981 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$236 /mo · $2,832/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $-29

Break-even live

Break-even rent $2,018

Max offer price $234,841

Occupancy floor 96%

Sensitivity live

Price	-10% $107	-5% $39	+0% $-29	+5% $-97	+10% $-165
Rent	-10% $-186	-5% $-107	+0% $-29	+5% $49	+10% $127
Rate	-1.0pp $92	-0.5pp $32	base $-29	+0.5pp $-91	+1.0pp $-155

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19137 US Highway 19 N Unit 2 Clearwater, FL	2.0	2.0	1062	$1,738	$1.64	25d	1	0.27mi
14603 64th St N Clearwater, FL	3.0	2.0	1080	$1,900	$1.76	5d	1	0.29mi
6430 142nd Ave N Clearwater, FL	1.0–3.0	1.0–2.0	1216	$3,619	$2.97	2d	68	0.60mi
6262 142nd Ave N Clearwater, FL	2.0	1.5–2.0	1183	$1,725	$1.46	25d	2	0.63mi
7001 142nd Ave Largo, FL	2.0	2.0	1100	$1,700	$1.55	25d	1	0.65mi
15648 Morgan St Unit B Clearwater, FL	2.0	1.0	825	$1,595	$1.93	11d	1	0.70mi
2770 Roosevelt Blvd Clearwater, FL	1.0–2.0	1.0	795	$1,636	$2.06	15d	10	0.72mi
7001 142nd Ave N Lot 179 Largo, FL	2.0	2.0	1100	$2,495	$2.27	17d	1	0.73mi
7001 142nd Ave N #157 Largo, FL	2.0	1.0	800	$1,795	$2.24	18d	1	0.76mi
14330 58th St N Clearwater, FL	1.0–3.0	1.0–2.0	1161	$2,815	$2.42	3d	19	0.81mi
15301 58th St N Unit A Clearwater, FL	2.0	2.0	1000	$1,900	$1.90	17d	1	0.82mi
16485 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	984	$3,442	$3.50	18d	100	0.97mi
16485 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	984	$3,313	$3.37	2d	249	0.97mi
15414 Avalon Ave Unit 2 Clearwater, FL	2.0	1.0	830	$1,700	$2.05	5d	1	0.98mi
15406 Avalon Ave Unit 3 Clearwater, FL	2.0	1.0	850	$1,650	$1.94	4d	1	0.99mi
15406 Avalon Ave Unit 4 Clearwater, FL	2.0	1.0	850	$1,800	$2.12	5d	1	0.99mi
15616 Avalon Ave #1 Clearwater, FL	2.0	1.0	850	$1,525	$1.79	4d	1	1.02mi
15616 Avalon Ave #1 Clearwater, FL	2.0	1.0	804	$1,595	$1.98	3d	1	1.02mi
15616 Avalon Ave Unit 2 Clearwater, FL	2.0	1.0	804	$1,595	$1.98	5d	1	1.02mi
15616 Avalon Ave Unit 2 Clearwater, FL	2.0	1.0	804	$1,595	$1.98	15d	1	1.02mi
15000 Westminister Ave Unit A Clearwater, FL	2.0	1.0	840	$1,300	$1.55	25d	1	1.03mi
15149 Westminister Ave Unit A Clearwater, FL	3.0	1.0	1000	$1,775	$1.77	25d	1	1.07mi
305 Glades Cir Largo, FL	1.0–3.0	1.0–1.5	875	$1,885	$2.15	2d	34	1.07mi
4500 E Bay Dr #138 Clearwater, FL	2.0	2.0	1050	$1,350	$1.29	25d	1	1.10mi
4500 E Bay Dr #149 Clearwater, FL	2.0	2.0	1050	$1,850	$1.76	25d	1	1.10mi
15950 Bay Vista Dr Unit 201 Clearwater, FL	2.0	2.0	950	$2,495	$2.63	8d	1	1.12mi
15950 Bay Vista Dr Unit 206 Clearwater, FL	2.0	2.0	800	$2,000	$2.50	8d	1	1.12mi
15950 Bay Vista Dr Unit 203 Clearwater, FL	2.0	2.0	896	$2,295	$2.56	25d	1	1.12mi
2878 Whitney Rd Unit A Clearwater, FL	2.0	2.0	1120	$1,725	$1.54	8d	1	1.13mi
1884 Clearbrooke Dr Clearwater, FL	2.0	2.0	997	$2,300	$2.31	25d	1	1.29mi
15696 Bolesta Rd Unit B Clearwater, FL	2.0	1.0	845	$1,325	$1.57	25d	1	1.34mi
15696 Bolesta Rd Unit A Clearwater, FL	2.0	1.0	845	$1,350	$1.60	25d	1	1.34mi
7298 Ulmerton Rd Largo, FL	1.0–2.0	1.0–2.0	755	$1,750	$2.32	4d	3	1.40mi
7298 Ulmerton Rd Largo, FL	1.0–3.0	1.0–2.0	977	$2,000	$2.05	18d	4	1.40mi
7298 Ulmerton Rd Largo, FL	1.0–2.0	1.0–2.0	755	$1,750	$2.32	2d	4	1.40mi
2913 Lichen Ln Unit A Clearwater, FL	2.0	1.0	752	$1,695	$2.25	8d	1	1.40mi
1851 Oak St Clearwater, FL	2.0	2.0	1117	$2,350	$2.10	5d	1	1.41mi
2900 Lichen Ln Unit B Clearwater, FL	2.0	1.5	853	$2,500	$2.93	25d	1	1.42mi
12700 66th St Largo, FL	1.0–3.0	1.0–2.0	1105	$2,680	$2.43	2d	20	1.43mi
1819 Clearbrooke Dr Clearwater, FL	2.0	1.5	997	$2,125	$2.13	18d	1	1.45mi

Listing history 27 events

1. 2026-06-18
   days on market $240,000 Active 63 DOM
2. 2026-06-17
   days on market $240,000 Active 62 DOM
3. 2026-06-16
   days on market $240,000 Active 61 DOM
4. 2026-06-15
   days on market $240,000 Active 60 DOM
5. 2026-06-13
   days on market $240,000 Active 58 DOM
6. 2026-06-09
   days on market $240,000 Active 54 DOM
7. 2026-06-08
   days on market $240,000 Active 53 DOM
8. 2026-06-08
   remarks 699-char remark
9. 2026-06-08
   price $240,000 Active 52 DOM
10. 2026-06-07
    days on market $245,000 Active 52 DOM
11. 2026-06-04
    days on market $245,000 Active 49 DOM
12. 2026-06-03
    days on market $245,000 Active 48 DOM
13. 2026-06-01
    days on market $245,000 Active 46 DOM
14. 2026-06-01
    price $245,000 Active 45 DOM
15. 2026-05-31
    days on market $249,000 Active 45 DOM
16. 2026-04-26
    status Active
17. 2026-04-19
    price $250,000
18. 2026-04-14
    status Active
19. 2026-04-13
    status Pending
20. 2026-04-08
    listed $234,500 Active
21. 2011-11-14
    soldstatus $26,000 34-char remark

    Show marketing remark (34 chars)

    SHORT SALE , complete rehab needed

22. 2011-09-22
    historical

    Show marketing remark (34 chars)

    SHORT SALE , complete rehab needed

23. 2011-09-22
    listed $30,000 34-char remark

    Show marketing remark (34 chars)

    SHORT SALE , complete rehab needed

24. 2011-08-24
    listed $30,000
25. 2008-08-19
    listed $114,000
26. 1993-12-02
    soldstatus $29,000
27. 1993-09-01
    soldstatus $24,500

ⓘ 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: $2,832 · $236/mo
• Projected year-2 tax: $2,832 · $236/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 17% 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,778
• − Mortgage interest: −$13,444
• − Property taxes: −$2,832
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,902
• − Management: −$1,902
• − Depreciation: −$6,982
• Taxable loss: −$4,484
• Est. tax savings @ 24.0%: +$1,076
• After-tax cash flow: $726/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 — South Highpoint

• Score: 75/100
• State rank: #267
• US rank: #4332

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Highpoint, FL
• County: Pinellas County · 939,478 people
• City population: 20,501
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 20,501
• Household income: $69,596
• Rent vs Own: 50.9% rent · 49.1% own
• Severe rent burden: 1311.0

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 0.63)
• Race & ethnicity: White 56% Hispanic / Latino 17% Black 17% Two or more races 10% Asian 6%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5% Cuban 1%
• Common ancestry: Lithuanian 2% American 2% Romanian 2%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 79% English-only · Spanish 10% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -143.13%
• Current HPI: 258.297
• Rent YoY: ▼ -7.07%
• 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

+920.4% since first listed

12 events — show timeline

• 2026-04-26 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-19 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Listed $234,500 Stellar MLS as Distributed by MLS Grid
• 2011-11-14 Sold (MLS) $26,000 Stellar MLS as Distributed by MLS Grid
• 2011-09-22 Listed $30,000 Stellar MLS as Distributed by MLS Grid
• 2011-09-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-08-24 Listed $30,000 Stellar MLS as Distributed by MLS Grid
• 2008-08-19 Listed $114,000 Stellar MLS as Distributed by MLS Grid
• 1993-12-02 Sold (Public Records) $29,000 Public Records
• 1993-09-01 Sold (Public Records) $24,500 Public Records

Property tax history

+7.8%/yr

Latest (2025): $2,832 · +10.2% YoY. Source: county tax records.