1234 13th Ave S · St. Petersburg, FL 33705

$240,000

3 bd · 1.0 ba · 1,240 sqft · SingleFamily public records · 29 Days on market

Built 1988 Est $298k · 19% 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 +19.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• 1% rule +4.5/10.0
• Schools +4.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Our 3 bedroom 1 bathroom home has been home to 3 generations. Big kitchen, dinning room, & amp; den. Closed in front and back porch & amp; laundry room. Fenced in yard with palm trees! We & acirc; & euro; & trade; ve kept this house in great condition over the years. Will make the perfect starter home or investment property

Key facts

• Laundry room
• Big kitchen
• Dining room

Tags

• BIG KITCHEN
• DINING ROOM
• DEN
• CLOSED IN FRONT AND BACK PORCH
• LAUNDRY ROOM
• FENCED IN YARD

Property features AI

Exterior

• Home design: Built in 1988
• Construction: 1988 construction
• Exterior features: Located in the Thirteenth St Heights subdivision

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 $250 ($3k/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 $228k (5.1% below list).
• Recommended offer: $228k (5.1% below list) — sets the bar for 1% rule.
• Cap rate 7.5% 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.
• Market conditions: Rents soft (-0.1%/yr); 308 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 9d 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 ($73k/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 29 days — a 2% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 2 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.

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 $227,807 (5.1% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 0.95% ✗
• Cap rate: 7.54%
• Cash-on-cash: 4.47%
• DSCR: 1.20
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $297,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1126 Melrose Ave S	0.09mi	3/2.0	1,293 (+4%)	0mo	$375,000	$290	84
1000 13th Ave S	0.17mi	3/2.0	1,200 (-3%)	2mo	$215,000	$179	81
1333 Melrose Ave S	0.10mi	3/2.0	1,320 (+6%)	5mo	$300,000	$227	76
1962 15th Ave S	0.52mi	3/1.0	1,245 (+0%)	3mo	$122,000	$98	73
1005 15th Ave S	0.27mi	3/2.0	1,160 (-6%)	4mo	$345,300	$298	69
1307 12th Ave S	0.09mi	4/2.0 (+1)	1,349 (+9%)	4mo	$240,000	$178	69
834 18th Ave S	0.55mi	3/1.0	1,294 (+4%)	3mo	$330,000	$255	64
1425 11th Ave S	0.17mi	4/2.0 (+1)	1,137 (-8%)	6mo	$182,500	$161	64
1675 13th Ave S	0.30mi	4/2.0 (+1)	1,154 (-7%)	8mo	$303,000	$263	59
1618 20th Ave S	0.58mi	3/1.0	1,378 (+11%)	3mo	$120,000	$87	52
809 17th Ave S	0.50mi	3/2.0	1,104 (-11%)	6mo	$265,000	$240	49
2324 13th St S	0.74mi	3/2.0	1,415 (+14%)	8mo	$429,000	$303	32

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: -12.6%
• Equity multiple: 0.56×
• Total profit: $-29,651
• Equity at exit: $35,785

10-year hold

• IRR: -8.5%
• Equity multiple: 0.54×
• Total profit: $-31,217
• 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 33705

• Rents YoY: -0.1%
• Active inventory: 308
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,278 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$191 /mo · $2,288/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $250

Break-even live

Break-even rent $1,961

Max offer price $240,000

Occupancy floor 84%

Sensitivity live

Price	-10% $386	-5% $318	+0% $250	+5% $182	+10% $115
Rent	-10% $70	-5% $160	+0% $250	+5% $340	+10% $430
Rate	-1.0pp $371	-0.5pp $311	base $250	+0.5pp $188	+1.0pp $125

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
1218 13th Ave S Saint Petersburg, FL	3.0	2.0	1356	$2,594	$1.91	5d	1	0.02mi
1317 14th St S St Petersburg, FL	4.0	2.0	1236	$2,150	$1.74	25d	1	0.15mi
979 11th Ave S St. Petersburg, FL	2.0	2.0	721	$2,350	$3.26	13d	1	0.18mi
1529 12th St S Unit A St. Petersburg, FL	2.0	1.5	700	$1,550	$2.21	25d	1	0.22mi
1035 15th Ave S Saint Petersburg, FL	2.0	1.0	1412	$1,900	$1.35	5d	1	0.23mi
1427 15th St S Saint Petersburg, FL	3.0	1.0	1030	$2,095	$2.03	5d	1	0.24mi
1121 Dr Martin Luther King Jr St S Saint Petersburg, FL	3.0	2.0	1200	$2,275	$1.90	5d	1	0.26mi
1465 15th St S Saint Petersburg, FL	3.0	1.5	1405	$2,400	$1.71	5d	1	0.26mi
1311 Prescott St S Saint Petersburg, FL	4.0	2.0	1048	$2,300	$2.19	5d	1	0.30mi
888 14th Ave S St Petersburg, FL	2.0	1.0	1084	$1,825	$1.68	5d	1	0.31mi
1137 Highland St S Saint Petersburg, FL	3.0	2.0	1400	$2,600	$1.86	3d	1	0.33mi
985 8th Ave S Unit S St. Petersburg, FL	3.0	1.0	1061	$2,700	$2.54	4d	1	0.35mi
1650 Prescott St S Saint Petersburg, FL	3.0	1.0	960	$2,100	$2.19	5d	1	0.38mi
1701 14th St S Unit A St. Petersburg, FL	2.0	1.0	1100	$1,950	$1.77	25d	1	0.39mi
1715 14th St S St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	25d	1	0.41mi
771 14th Ave S Saint Petersburg, FL	3.0	2.0	1184	$2,850	$2.41	5d	1	0.42mi
1771 15th Ave S Saint Petersburg, FL	2.0	1.0	800	$1,195	$1.49	5d	1	0.43mi
1320 18th Ave S Saint Petersburg, FL	2.0	1.0	750	$1,550	$2.07	19d	1	0.44mi
944 18th Ave S Unit A St. Petersburg, FL	3.0	1.0	1013	$2,100	$2.07	19d	1	0.47mi
1763 Preston St S Saint Petersburg, FL	3.0	1.0	1158	$2,350	$2.03	25d	1	0.49mi
725 14th Ave S Apt D St. Petersburg, FL	3.0	1.0	818	$1,395	$1.71	4d	1	0.49mi
720 Newton Ave S Saint Petersburg, FL	4.0	2.0	1320	$2,500	$1.89	8d	1	0.51mi
1760 Queen St S Saint Petersburg, FL	3.0	1.0	1004	$2,000	$1.99	5d	1	0.52mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	25d	1	0.53mi
151 7th St S Saint Petersburg, FL	2.0	1.0–2.0	904	$4,595	$5.08	3d	19	0.54mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,200	$2.47	3d	1	0.57mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,580	$2.89	21d	1	0.57mi
2028 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	25d	1	0.58mi
2020 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	8d	1	0.59mi
930 20th Ave S St. Petersburg, FL	3.0	1.0	1190	$1,995	$1.68	13d	1	0.59mi
1400 21st St S Saint Petersburg, FL	4.0	2.0	1487	$2,970	$2.00	8d	1	0.61mi
767 19th Ave S Saint Petersburg, FL	2.0	1.0	800	$1,875	$2.34	5d	1	0.63mi
675 17th Ave S Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,950	$1.95	25d	1	0.63mi
711 18th Ave S Unit 2 St. Petersburg, FL	2.0	1.0	896	$1,295	$1.45	4d	1	0.64mi
535 14th Ave S Saint Petersburg, FL	2.0	1.0	750	$1,850	$2.47	19d	1	0.67mi
986 22nd Ave S #3 St. Petersburg, FL	2.0	2.0	850	$1,350	$1.59	15d	1	0.69mi
1847 19th St S Saint Petersburg, FL	3.0	2.0	1203	$2,295	$1.91	5d	1	0.69mi
966 22nd Ave S Unit 109 St. Petersburg, FL	2.0	2.0	900	$1,795	$1.99	8d	1	0.71mi
1828 20th Ave S Saint Petersburg, FL	3.0	1.0	1015	$1,650	$1.63	25d	1	0.72mi
305 Doctor Martin Luther King Junior St S #843 St. Petersburg, FL	2.0	1.0–2.0	620	$3,200	$5.16	21d	46	0.73mi

Listing history 15 events

1. 2026-06-18
   days on market $240,000 Active 29 DOM
2. 2026-06-17
   days on market $240,000 Active 28 DOM
3. 2026-06-16
   days on market $240,000 Active 27 DOM
4. 2026-06-15
   days on market $240,000 Active 26 DOM
5. 2026-06-13
   days on market $240,000 Active 24 DOM
6. 2026-06-09
   days on market $240,000 Active 20 DOM
7. 2026-06-08
   days on market $240,000 Active 19 DOM
8. 2026-06-07
   days on market $240,000 Active 18 DOM
9. 2026-06-04
   days on market $240,000 Active 15 DOM
10. 2026-06-03
    days on market $240,000 Active 14 DOM
11. 2026-06-01
    days on market $240,000 Active 12 DOM
12. 2026-05-31
    days on market $240,000 Active 11 DOM
13. 2026-05-21
    listed $240,000 Active
14. 2004-09-15
    historical
15. 2004-01-05
    listed $89,900

ⓘ 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: $2,288 · $191/mo
• Projected year-2 tax: $2,288 · $191/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: $27,337
• − Mortgage interest: −$13,444
• − Property taxes: −$2,288
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,187
• − Management: −$2,187
• − Depreciation: −$6,982
• Taxable loss: −$951
• Est. tax savings @ 24.0%: +$228
• After-tax cash flow: $3,233/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): 27,939
• Household income: $73,027
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1386.0

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 0.64)
• Race & ethnicity: Black 44% White 41% Two or more races 10% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 9% · Canada, Dominican Republic
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -540.28%
• Current HPI: 388.3086
• Rent YoY: ▼ -0.13%
• 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

+167.0% since first listed

3 events — show timeline

• 2026-05-21 Listed $240,000 FSBO.com
• 2004-09-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-01-05 Listed $89,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.5%/yr

Latest (2025): $2,288 · +13.8% YoY. Source: county tax records.