4400 3rd Ave S · St. Petersburg, FL 33711

$239,000

2 bd · 1.0 ba · 1,135 sqft · SingleFamily public records · 26 Days on market

Built 1952 6,351 sqft lot Est $360k · 34% 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 +15.8/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• Schools +4.3/10.0
• 1% rule +4.1/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. CASH OR HARD MONEY ONLY!!!!! Located in the highly sought-after Central Avenue district, this charming St. Pete classic offers solid block construction and timeless character. Featuring 1,135 square feet of living space, this home sits on a desirable corner lot along a picturesque brick road in a premium location. The property boasts newer windows, central air conditioning, and a spacious floor plan with plenty of potential to make it your own. While the home could benefit from updates and repairs, it has been priced accordingly making it a fantastic opportunity for investors or buyers looking to add value.

Key facts

• Spacious floor plan
• Newer windows
• Corner lot

Tags

• SOLID BLOCK CONSTRUCTION
• CORNER LOT
• PICTURESQUE BRICK ROAD
• NEWER WINDOWS
• CENTRAL AIR CONDITIONING
• SPACIOUS FLOOR PLAN

Property features AI

Finance

• Other: Unfurnished
• Financial info: No lease restrictions
• HOA & community: No association

Exterior

• Parking: Driveway; Attached 1-car garage
• Utilities: Public water; Public sewer; Electricity available
• Home design: Single family residence; Residential property; One story; Faces north
• Construction: Block construction; Shingle roof; Slab foundation; Built area approximately 1,522 sq ft
• Exterior features: Front porch; Sidewalk; Mature landscaping; Corner lot; Within city limits; Asphalt/paved roads

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Blinds
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $111 ($1k/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 $218k (8.8% below list).
• Recommended offer: $218k (8.8% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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: Bear Creek Elementary School (math 47% / reading 42%, grade F, #1,288 of 2,144 statewide, top 62%, 286 students, 82% FRL); Azalea Middle School (math 26% / reading 27%, grade F, #503 of 571 statewide, top 88%, 678 students, 74% FRL); Boca Ciega High School (math 24% / reading 33%, grade F, #458 of 667 statewide, top 69%, 1,423 students, 64% FRL) — zoned schools average 73% FRL vs 48% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 51% district-wide (-18 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.5%/yr); 267 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $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 26 days — a 2% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $170k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• 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 $217,981 (8.8% below list)

Questions for the listing agent

1. Built in 1952 — 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: 0.91% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.99%
• DSCR: 1.09
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $359,795
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4400 3rd Ave S	0.00mi	2/1.0	1,135 (0%)	1mo	$221,900	$196	99
4650 2nd Ave S	0.23mi	2/1.5	1,146 (+1%)	1mo	$365,000	$318	85
4221 1st Ave N	0.32mi	2/1.0	1,176 (+4%)	2mo	$477,000	$406	78
4801 Emerson Ave S	0.36mi	2/2.0	1,044 (-8%)	1mo	$315,000	$302	65
5001 3rd Ave S	0.50mi	2/1.0	1,263 (+11%)	0mo	$400,000	$317	58
4545 Burlington Ave N	0.43mi	3/2.0 (+1)	1,212 (+7%)	2mo	$475,000	$392	58
4424 1st Ave N	0.24mi	3/2.0 (+1)	1,283 (+13%)	0mo	$310,000	$242	58
4510 Burlington Ave N	0.39mi	2/1.0	1,290 (+14%)	3mo	$385,000	$298	57
4251 4th Ave N	0.55mi	3/2.0 (+1)	1,190 (+5%)	1mo	$530,000	$445	56
4659 9th Ave S	0.53mi	3/2.0 (+1)	1,060 (-7%)	3mo	$295,000	$278	53
4127 12th Ave S	0.70mi	3/1.0 (+1)	1,032 (-9%)	0mo	$300,000	$291	47
3835 4th Ave N	0.71mi	3/2.0 (+1)	1,246 (+10%)	2mo	$479,000	$384	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: -16.5%
• Equity multiple: 0.43×
• Total profit: $-38,043
• Equity at exit: $35,636

10-year hold

• IRR: -14.7%
• Equity multiple: 0.27×
• Total profit: $-48,686
• Equity at exit: $20,664

Cash invested: $66,920 (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 33711

• Rents YoY: -1.5%
• Active inventory: 267
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,180 high
• Mortgage (P&I): −$1,253
• Tax from tax record: −$258 /mo · $3,098/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $111

Break-even live

Break-even rent $2,039

Max offer price $239,000

Occupancy floor 90%

Sensitivity live

Price	-10% $246	-5% $179	+0% $111	+5% $43	+10% $-24
Rent	-10% $-61	-5% $25	+0% $111	+5% $197	+10% $283
Rate	-1.0pp $231	-0.5pp $172	base $111	+0.5pp $49	+1.0pp $-14

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
505 43rd St S Unit 5051/2 St. Petersburg, FL	2.0	1.0	800	$2,000	$2.50	26d	1	0.15mi
4541 6th Ave S Saint Petersburg, FL	3.0	1.0	945	$1,100	$1.16	16d	1	0.25mi
450 47th St S Saint Petersburg, FL	3.0	1.0	960	$2,950	$3.07	5d	1	0.26mi
4018 2nd Ave S Saint Petersburg, FL	3.0	1.0	1176	$2,095	$1.78	5d	1	0.31mi
4711 Fairfield Ave S Saint Petersburg, FL	3.0	2.0	1135	$2,800	$2.47	5d	1	0.39mi
404 Madison St S Saint Petersburg, FL	3.0	1.0	1391	$2,500	$1.80	5d	1	0.40mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	5d	1	0.49mi
4948 5th Ave S Saint Petersburg, FL	3.0	1.5	1379	$2,450	$1.78	5d	1	0.50mi
3801 1st Ave S Saint Petersburg, FL	2.0	1.0	900	$1,975	$2.19	19d	1	0.51mi
5034 2nd Ave S Unit A St. Petersburg, FL	2.0	1.0	1062	$1,950	$1.84	6d	1	0.55mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	0d	1	0.56mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	1100	$1,950	$1.77	26d	1	0.56mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	12d	1	0.56mi
5055 3rd Ave S Saint Petersburg, FL	3.0	2.0	1254	$2,100	$1.67	5d	1	0.57mi
3823 2nd Ave N Saint Petersburg, FL	2.0	1.0	944	$2,300	$2.44	5d	1	0.58mi
3844 Burlington Ave N Saint Petersburg, FL	2.0	1.0	828	$1,895	$2.29	21d	1	0.59mi
4421 11th Ave S Saint Petersburg, FL	3.0	2.0	945	$2,000	$2.12	6d	1	0.60mi
4700 10th Ave S Saint Petersburg, FL	3.0	2.0	1300	$2,500	$1.92	22d	1	0.62mi
4801 10th Ave S Unit 1 St. Petersburg, FL	3.0	1.0	1100	$2,200	$2.00	26d	1	0.63mi
5050 2nd Ave N Saint Petersburg, FL	2.0	1.0	816	$1,495	$1.83	5d	1	0.64mi
5156 5th Ave S Saint Petersburg, FL	3.0	1.0	1139	$1,995	$1.75	26d	1	0.65mi
4227 5th Ave N Saint Petersburg, FL	2.0	1.0	930	$2,100	$2.26	6d	1	0.67mi
4526 6th Ave N Saint Petersburg, FL	2.0	1.0	888	$1,950	$2.20	6d	1	0.69mi
3550 2nd Ave S St. Petersburg, FL	2.0	1.0	720	$2,800	$3.89	26d	1	0.69mi
800 51st St S Gulfport, FL	3.0	2.0	1258	$3,200	$2.54	6d	1	0.69mi
3653 2nd Ave N Saint Petersburg, FL	2.0	1.0	1024	$2,500	$2.44	26d	1	0.69mi
3720 3rd Ave N Unit 1/2 St. Petersburg, FL	3.0	3.0	1392	$3,000	$2.16	26d	1	0.71mi
3750 4th Ave N Saint Petersburg, FL	2.0	1.0	881	$2,100	$2.38	26d	1	0.72mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,798	$2.18	5d	1	0.72mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,813	$2.19	9d	1	0.72mi
201 35th St S Saint Petersburg, FL	2.0	1.0	850	$1,680	$1.98	3d	1	0.74mi
3901 5th Ave N Unit 3901 5th D St. Petersburg, FL	2.0	1.0	825	$1,595	$1.93	9d	1	0.76mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$1,598	$1.35	6d	12	0.76mi
4029 13th Ave S St Petersburg, FL	3.0	2.0	1152	$2,650	$2.30	26d	1	0.77mi
1327 43rd St S Saint Petersburg, FL	3.0	1.5	959	$2,250	$2.35	6d	1	0.78mi
3421 4th Ave S Saint Petersburg, FL	2.0	1.5	938	$1,805	$1.92	5d	1	0.79mi
4938 12th Ave S Gulfport, FL	3.0	2.0	990	$1,795	$1.81	0d	1	0.83mi
4933 13th Ave S Gulfport, FL	2.0	1.0	939	$2,200	$2.34	22d	1	0.84mi
630 50th St N Saint Petersburg, FL	2.0	1.0	1085	$2,070	$1.91	26d	1	0.89mi
3435 3rd Ave N Saint Petersburg, FL	1.0–2.0	1.0	772	$1,795	$2.32	3d	4	0.91mi

Listing history 9 events

1. 2026-05-15
   status Pending
2. 2026-05-07
   price $239,000
3. 2026-04-29
   status Active
4. 2026-04-25
   status Pending
5. 2026-04-22
   status Active
6. 2026-04-17
   status Pending
7. 2026-04-10
   listed $249,000 Active
8. 2026-04-10
   soldstatus $170,000
9. 1983-09-01
   soldstatus $35,000

ⓘ 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: $3,098 · $258/mo
• Projected year-2 tax: $3,098 · $258/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 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 · 26 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: $26,158
• − Mortgage interest: −$13,388
• − Property taxes: −$3,098
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,093
• − Management: −$2,093
• − Depreciation: −$6,953
• Taxable loss: −$2,661
• Est. tax savings @ 24.0%: +$639
• After-tax cash flow: $1,970/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): 20,013
• Household income: $66,540
• Rent vs Own: 30.3% rent · 69.7% own
• Severe rent burden: 903.0

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 0.59)
• Race & ethnicity: White 45% Black 45% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 1%
• Foreign-born: 7% · Canada, Dominican Republic
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 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: ▼ -313.54%
• Current HPI: 338.2712
• Rent YoY: ▼ -1.47%
• 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

+582.9% since first listed

9 events — show timeline

• 2026-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Price Changed $239,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Sold (Public Records) $170,000 Public Records
• 2026-04-10 Listed $249,000 Stellar MLS as Distributed by MLS Grid
• 1983-09-01 Sold (Public Records) $35,000 Public Records

Property tax history

+12.3%/yr

Latest (2025): $3,098 · +12.8% YoY. Source: county tax records.