3201 Freemont Ter S · St. Petersburg, FL 33712

$190,000

2 bd · 1.0 ba · 834 sqft · SingleFamily public records · 15 Days on market

Built 1945 5,754 sqft lot Est $269k · 29% 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 +22.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.1/10.0
• 1% rule +5.6/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New paint, carpet and newer fridge, newer windows. Large corner lot with alley access. Partially fenced area of yard. Good location close to everything inclduding Tropicana Field and St Petersburg pier. Great rental or investment property. Can close fast.

Key facts

• Parks shopping
• Bonus room
• South st petersburg

Tags

• SOUTH ST PETERSBURG
• BONUS ROOM
• MINUTES FROM DOWNTOWN
• PARKS SHOPPING
• MAJOR INTERSTATE ACCESS
• EXCELLENT UPSIDE POTENTIAL

Property features AI

Finance

• Other: Property classified as residential single family; Unfurnished

Exterior

• Utilities: Public water; Public sewer; Electricity available; Cable available; Broadband/high-speed internet available
• Home design: Single family residence; One story; Faces south
• Construction: Frame construction; Shingle roof; Slab foundation; Built on a 0.13-acre lot
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: No appliances included
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $313 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $190k).
• Recommended offer: $187k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 (-0.8%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 11d 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 40% of the median local income ($60k/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 15 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 6 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 $18k; list at $190k implies a 956% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — 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 $187,150 (1.5% below list)

Questions for the listing agent

1. Built in 1945 — 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: 1.06% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.06%
• DSCR: 1.31
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $269,382
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3230 4th Ave S	0.17mi	2/1.0	838 (+0%)	10mo	$290,000	$346	82
3237 4th Ave S	0.20mi	2/1.0	816 (-2%)	8mo	$291,000	$357	81
3336 Carlisle Ave S	0.25mi	2/1.0	928 (+11%)	4mo	$240,000	$259	66
2528 4th Ave S	0.59mi	2/1.0	810 (-3%)	5mo	$350,000	$432	64
2921 3rd Ave S	0.36mi	2/1.0	761 (-9%)	12mo	$550,000	$723	59
3235 6th Ave S	0.06mi	3/1.0 (+1)	954 (+14%)	12mo	$282,000	$296	58
525 38th St S	0.52mi	2/1.0	895 (+7%)	10mo	$255,000	$285	55
2443 2nd Ave S	0.72mi	2/1.0	797 (-4%)	12mo	$310,000	$389	49
2584 14th Ave S	0.75mi	2/1.0	914 (+10%)	3mo	$285,000	$312	47
3929 10th Ave S	0.66mi	3/1.0 (+1)	770 (-8%)	6mo	$235,000	$305	46
1300 37th St S	0.63mi	3/1.0 (+1)	758 (-9%)	9mo	$245,000	$323	42
3127 Oakley Ave S	0.63mi	3/1.0 (+1)	950 (+14%)	6mo	$245,000	$258	37

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: -8.8%
• Equity multiple: 0.69×
• Total profit: $-16,737
• Equity at exit: $28,330

10-year hold

• IRR: -3.8%
• Equity multiple: 0.78×
• Total profit: $-11,635
• Equity at exit: $16,428

Cash invested: $53,200 (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 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,009 high
• Mortgage (P&I): −$996
• Tax from tax record: −$199 /mo · $2,383/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $313

Break-even live

Break-even rent $1,613

Max offer price $190,000

Occupancy floor 79%

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
626 31st St S Saint Petersburg, FL	3.0	1.0	1040	$2,200	$2.12	2d	1	0.12mi
3145 4th Ave S St. Petersburg, FL	2.0	1.5	938	$2,020	$2.15	24d	1	0.18mi
3421 4th Ave S Saint Petersburg, FL	2.0	1.5	938	$1,805	$1.92	4d	1	0.26mi
3460 4th Ave S Unit 3 St. Petersburg, FL	2.0	1.0	544	$1,800	$3.31	24d	1	0.27mi
3460 4th Ave S Unit 1 St. Petersburg, FL	1.0	1.0	544	$1,550	$2.85	24d	1	0.27mi
201 35th St S Saint Petersburg, FL	2.0	1.0	850	$1,680	$1.98	1d	1	0.37mi
3550 2nd Ave S St. Petersburg, FL	2.0	1.0	720	$2,800	$3.89	24d	1	0.40mi
3100 Central Ave Saint Petersburg, FL	1.0–2.0	1.0–2.0	880	$2,660	$3.02	1d	10	0.40mi
2900 1st Ave S Unit A St. Petersburg, FL	2.0	1.0	1000	$2,295	$2.29	24d	1	0.42mi
2810 2nd Ave S Unit B St. Petersburg, FL	2.0	1.0	950	$2,795	$2.94	14d	1	0.43mi
1147 32nd St S Saint Petersburg, FL	2.0	1.0	780	$1,350	$1.73	14d	1	0.45mi
1227 Fargo St S Unit 1 St. Petersburg, FL	2.0	1.0	780	$1,600	$2.05	24d	1	0.49mi
560 26th St S Saint Petersburg, FL	3.0	1.0	979	$2,407	$2.46	24d	1	0.53mi
2606 1st Ave S Saint Petersburg, FL	1.0	1.0	600	$1,600	$2.67	24d	1	0.60mi
3801 1st Ave S Saint Petersburg, FL	2.0	1.0	900	$1,975	$2.19	17d	1	0.62mi
3089 15th Ave S Saint Petersburg, FL	3.0	2.0	1000	$2,195	$2.19	4d	1	0.64mi
3091 15th Ave S St. Petersburg, FL	3.0	2.0	1000	$2,195	$2.19	24d	1	0.64mi
1361 29th St S Saint Petersburg, FL	3.0	1.0	819	$2,400	$2.93	24d	1	0.65mi
3535 14th Ave S Saint Petersburg, FL	3.0	1.0	768	$1,650	$2.15	4d	1	0.65mi
3653 2nd Ave N Saint Petersburg, FL	2.0	1.0	1024	$2,500	$2.44	24d	1	0.67mi
3936 9th Ave S Saint Petersburg, FL	2.0	1.0	696	$1,895	$2.72	7d	1	0.67mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	1100	$1,950	$1.77	24d	1	0.70mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	10d	1	0.70mi
3201 3rd Ave N Saint Petersburg, FL	2.0	1.0–2.5	932	$3,040	$3.26	3d	39	0.70mi
3435 3rd Ave N Saint Petersburg, FL	1.0–2.0	1.0	772	$1,795	$2.32	1d	4	0.71mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,813	$2.19	7d	1	0.76mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,798	$2.18	3d	1	0.77mi
3823 2nd Ave N Saint Petersburg, FL	2.0	1.0	944	$2,300	$2.44	4d	1	0.77mi
3022 Dartmouth Ave N Unit 2 St. Petersburg, FL	2.0	1.0	1100	$1,600	$1.45	2d	1	0.79mi
3022 Dartmouth Ave N Unit 3 St. Petersburg, FL	1.0	1.0	700	$1,500	$2.14	2d	1	0.79mi
3022 Dartmouth Ave N Unit 1 St. Petersburg, FL	1.0	1.0	700	$5,000	$7.14	2d	1	0.79mi
2547 14th Ave S Saint Petersburg, FL	2.0	1.0	726	$2,800	$3.86	4d	1	0.79mi
3844 Burlington Ave N Saint Petersburg, FL	2.0	1.0	828	$1,895	$2.29	19d	1	0.79mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	4d	1	0.80mi
2919 Dartmouth Ave N Saint Petersburg, FL	2.0	1.0	826	$1,950	$2.36	4d	1	0.84mi
3750 4th Ave N Saint Petersburg, FL	2.0	1.0	881	$2,100	$2.38	24d	1	0.84mi
1665 37th St S Saint Petersburg, FL	3.0	1.0	867	$1,850	$2.13	10d	1	0.86mi
505 43rd St S Unit 5051/2 St. Petersburg, FL	2.0	1.0	800	$2,000	$2.50	24d	1	0.91mi
1642 39th St S Saint Petersburg, FL	3.0	1.0	975	$1,995	$2.05	20d	1	0.93mi
1901 31st St S Unit 1/2 St. Petersburg, FL	2.0	1.0	721	$1,950	$2.70	3d	1	0.97mi

Listing history 12 events

1. 2026-05-22
   status Active
2. 2026-05-17
   status Pending
3. 2026-05-08
   listed $190,000 Active
4. 2011-03-25
   soldstatus $18,000 255-char remark

   Show marketing remark (255 chars)

   New paint, carpet and newer fridge, newer windows. Large corner lot with alley access. Partially fenced area of yard. Good location close to everything inclduding Tropicana Field and St Petersburg pier. Great rental or investment property. Can close fast.

5. 2011-03-04
   listed $19,999 255-char remark

   Show marketing remark (255 chars)

   New paint, carpet and newer fridge, newer windows. Large corner lot with alley access. Partially fenced area of yard. Good location close to everything inclduding Tropicana Field and St Petersburg pier. Great rental or investment property. Can close fast.

6. 2011-01-13
   soldstatus $9,500 221-char remark

   Show marketing remark (221 chars)

   Days 1-7: Offers will not be reviewed. Days 8-12: Offers ONLY from NSP buyers, municipalities, non-profit organizations and owner-occupants will be reviewed. Days 13+: We will consider offers from all buyers. Fixer upper.

7. 2010-12-06
   listed $12,900 221-char remark

   Show marketing remark (221 chars)

   Days 1-7: Offers will not be reviewed. Days 8-12: Offers ONLY from NSP buyers, municipalities, non-profit organizations and owner-occupants will be reviewed. Days 13+: We will consider offers from all buyers. Fixer upper.

8. 2004-11-29
   listed $79,900
9. 2004-09-27
   soldstatus $45,000
10. 2004-08-05
    historical
11. 2004-07-30
    listed $54,900
12. 1996-11-04
    soldstatus $53,000

ⓘ 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: $2,383 · $199/mo
• Projected year-2 tax: $2,383 · $199/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: $24,107
• − Mortgage interest: −$10,643
• − Property taxes: −$2,383
• − Insurance: −$950
• − Repairs & maintenance: −$1,929
• − Management: −$1,929
• − Depreciation: −$5,527
• Taxable income: $747
• Est. tax owed @ 24.0%: −$179
• After-tax cash flow: $3,576/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): 27,142
• Household income: $60,450
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1928.0

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 Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Slovak 1% Estonian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 92% English-only · French/Haitian/Cajun 3% Spanish 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: ▼ -275.45%
• Current HPI: 412.7251
• Rent YoY: ▼ -0.77%
• 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

+258.5% since first listed

12 events — show timeline

• 2026-05-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listed $190,000 Stellar MLS as Distributed by MLS Grid
• 2011-03-25 Sold (MLS) $18,000 Stellar MLS as Distributed by MLS Grid
• 2011-03-04 Listed $19,999 Stellar MLS as Distributed by MLS Grid
• 2011-01-13 Sold (MLS) $9,500 Stellar MLS as Distributed by MLS Grid
• 2010-12-06 Listed $12,900 Stellar MLS as Distributed by MLS Grid
• 2004-11-29 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2004-09-27 Sold (MLS) $45,000 Stellar MLS as Distributed by MLS Grid
• 2004-08-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-07-30 Listed $54,900 Stellar MLS as Distributed by MLS Grid
• 1996-11-04 Sold (Public Records) $53,000 Public Records

Property tax history

+15.0%/yr

Latest (2025): $2,383 · +18.9% YoY. Source: county tax records.