1921 58th Ave N #11 · Lealman, FL 33714

$79,000

1 bd · 1.0 ba · 585 sqft · Condo public records · 354 Days on market

Built 1966 $475/mo HOA · 34% of rent

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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 +19.7/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

Key facts

• Wall to wall closet
• Clubhouse
• Florida room

Tags

• 1ST FLOOR UNIT
• FLORIDA ROOM
• WALL TO WALL CLOSET
• WALK IN CLOSET
• SUPER POOL AREA
• CLUBHOUSE

Property features AI

Finance

• Other: Senior community
• Financial info: Total annual association fees approximately $5,700
• HOA & community: HOA (Glory) with $475 monthly fee; HOA covers cable TV, common area taxes, pool, escrow reserves, fidelity bond, gas, internet, structure and grounds maintenance, management, private road, recreational facilities, sewer, trash, and water; Community amenities: clubhouse, fitness center, pool, laundry, lobby key required, recreation facilities, shuffleboard court, sidewalks; Association recreation owned; buyer approval required; deed restrictions; golf carts OK; Pets not allowed; Unit is unfurnished

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected
• Home design: Condominium; Residential property; Two-story building; unit on first floor; South-facing
• Construction: Block and frame construction; Other roof type; Slab foundation; Building identified as BLDG T EAST; Built by builder listed as T
• Exterior features: Front porch; Rain barrel / cistern(s); Sidewalk

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 1 bedroom (located on first floor)
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Living room and dining room combo; Window treatments
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $79k.

Deal economics

• At list price, monthly cash flow is $93 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.7% in Lealman — 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 81/100 on livability (#83 in FL, #1,394 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, schools F, employment F.
• 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 (-2.1%/yr); 165 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 36% of the median local income ($47k/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 $546 of loan paydown is wiped out by about $2k 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 354 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 7y ago; this cycle's ask has dropped $11k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; list at $79k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 354 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.78% ✓
• Cap rate: 7.70%
• Cash-on-cash: 5.04%
• DSCR: 1.22
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.52×
• Total profit: $-10,706
• Equity at exit: $11,779

10-year hold

• IRR: -18.2%
• Equity multiple: 0.26×
• Total profit: $-16,402
• Equity at exit: $6,830

Cash invested: $22,120 (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 33714

• Home prices YoY: -30.9%
• Rents YoY: -2.1%
• Active inventory: 165
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,410 high
• Mortgage (P&I): −$414
• Tax est. 1.5%: −$99 /mo · $1,185/yr
• Insurance: −$33
• HOA: −$475
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $93

Break-even live

Break-even rent $1,292

Max offer price $79,000

Occupancy floor 88%

Sensitivity live

Price	-10% $147	-5% $120	+0% $93	+5% $66	+10% $38
Rent	-10% $-19	-5% $37	+0% $93	+5% $149	+10% $204
Rate	-1.0pp $133	-0.5pp $113	base $93	+0.5pp $72	+1.0pp $52

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5850 18th St N St Petersburg, FL	1.0–2.0	1.0–2.0	727	$1,300	$1.79	25d	2	0.11mi
4481 Crestwood Dr N Saint Petersburg, FL	2.0	1.0	720	$1,950	$2.71	5d	1	0.87mi
3109 54th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	400	$1,025	$2.56	18d	1	1.01mi
3109 54th Ave N Saint Petersburg, FL	1.0	1.0	400	$1,025	$2.56	22d	1	1.01mi
660 62nd Ave N #1204 Saint Petersburg, FL	1.0	1.0	656	$1,400	$2.13	24d	1	1.06mi
209 NW Jefferson Cir N Unit 15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	25d	1	1.23mi
209 NW Jefferson Cir N Unit JEFFERSON209-15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	4d	1	1.23mi
550 50th Ave N Saint Petersburg, FL	2.0	1.0	765	$1,700	$2.22	8d	2	1.25mi
5364 4th St N St. Petersburg, FL	1.0	1.0	570	$1,150	$2.02	25d	1	1.27mi
2807 41st Ave N Unit 3 St. Petersburg, FL	1.0	1.0	450	$1,600	$3.56	25d	1	1.29mi
3725 18th St N Saint Petersburg, FL	2.0	1.0	700	$1,795	$2.56	17d	1	1.30mi
4163 31st St N unit Unit D Saint Petersburg, FL	1.0	1.0	600	$1,490	$2.48	15d	1	1.40mi
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$2,375	$2.46	3d	13	1.40mi
3700 Haines Rd N St Petersburg, FL	1.0–2.0	1.0	675	$1,700	$2.52	15d	2	1.44mi
3600 49th Ave N Saint Petersburg, FL	1.0–2.0	1.0	680	$1,150	$1.69	4d	8	1.45mi
1001 77th Ave N #308 Saint Petersburg, FL	1.0	1.0	650	$1,325	$2.04	5d	1	1.48mi
363 48th Ave N Saint Petersburg, FL	1.0	1.0	750	$1,900	$2.53	25d	1	1.49mi

HOA detail condo

• Monthly dues: $475 · $5,700/yr
• Likely covers: watersewertrashgascablelandscapingexterior maint.poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-18
   days on market $79,000 Active 354 DOM
2. 2026-06-17
   days on market $79,000 Active 353 DOM
3. 2026-06-16
   days on market $79,000 Active 352 DOM
4. 2026-06-15
   days on market $79,000 Active 351 DOM
5. 2026-06-13
   pricedays on market $79,000 Active 349 DOM
6. 2026-06-09
   days on market $84,900 Active 345 DOM
7. 2026-06-08
   days on market $84,900 Active 344 DOM
8. 2026-06-07
   days on market $84,900 Active 343 DOM
9. 2026-06-04
   days on market $84,900 Active 340 DOM
10. 2026-06-03
    days on market $84,900 Active 339 DOM
11. 2026-06-01
    days on market $84,900 Active 337 DOM
12. 2026-05-31
    days on market $84,900 Active 336 DOM
13. 2026-01-17
    status Active
14. 2026-01-17
    price $84,900
15. 2025-07-25
    price $87,000
16. 2025-06-04
    listed $89,900 Active
17. 2024-11-20
    historical
18. 2024-07-15
    price $99,900
19. 2024-06-03
    listed $104,900 Active
20. 2019-08-23
    soldstatus $46,000 Sold 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

21. 2019-08-22
    soldstatus $46,000
22. 2019-08-12
    status Pending 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

23. 2019-07-31
    price $51,200 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

24. 2019-07-25
    price $51,500 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

25. 2019-06-18
    price $51,900 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

26. 2019-04-23
    price $49,500 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

27. 2019-03-18
    price $49,900 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

28. 2019-03-01
    listed $52,000 Active 551-char remark

    Show marketing remark (551 chars)

    1/1 Ground Floor unit, vacant in "T" building. New flooring in Living Room and Dining Room, carpet in bedroom. New cabinet in bathroom. Monthly maintenance fee includes gas cooking, gas heat, water & sewer, cable, trash, insurance and exterior maintenance, security and grounds maintenance. Community has pool, shuffle board, recreational room, social activities, including bingo. Realtor owns condo but has never occupied and has no specific knowledge. Assoc approval required. Doc available. Leasing not allowed. No pets. Sold AS IS.

29. 2009-01-22
    soldstatus $29,500
30. 1993-10-15
    soldstatus $20,000
31. 1993-08-01
    soldstatus $18,200
32. 1988-01-05
    soldstatus $25,500
33. 1981-07-01
    soldstatus $21,330

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 16% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 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: $16,919
• − Mortgage interest: −$4,425
• − Property taxes: −$1,185
• − Insurance: −$395
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − HOA: −$5,700
• − Depreciation: −$2,298
• Taxable income: $208
• Est. tax owed @ 24.0%: −$50
• After-tax cash flow: $1,064/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 — Lealman

• Score: 81/100
• State rank: #83
• US rank: #1394

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lealman, FL
• County: Pinellas County · 939,478 people
• City population: 20,103
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 19,227
• Household income: $47,487
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 915.0

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 0.55)
• Race & ethnicity: White 64% Hispanic / Latino 13% Two or more races 12% Black 10% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 6% Dominican 1%
• Common ancestry: Slovak 2% Italian 2% Romanian 2%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 79% English-only · Spanish 11% Russian/Polish/Slavic 4% Vietnamese 3%

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: ▼ -179.12%
• Current HPI: 399.6253
• Rent YoY: ▼ -2.08%
• 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

+298.0% since first listed

21 events — show timeline

• 2026-01-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-17 Price Changed $84,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-25 Price Changed $87,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-04 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2024-11-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-07-15 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2024-06-03 Listed $104,900 Stellar MLS as Distributed by MLS Grid
• 2019-08-23 Sold (MLS) $46,000 Stellar MLS as Distributed by MLS Grid
• 2019-08-22 Sold (Public Records) $46,000 Public Records
• 2019-08-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-07-31 Price Changed $51,200 Stellar MLS as Distributed by MLS Grid
• 2019-07-25 Price Changed $51,500 Stellar MLS as Distributed by MLS Grid
• 2019-06-18 Price Changed $51,900 Stellar MLS as Distributed by MLS Grid
• 2019-04-23 Price Changed $49,500 Stellar MLS as Distributed by MLS Grid
• 2019-03-18 Price Changed $49,900 Stellar MLS as Distributed by MLS Grid
• 2019-03-01 Listed $52,000 Stellar MLS as Distributed by MLS Grid
• 2009-01-22 Sold (Public Records) $29,500 Public Records
• 1993-10-15 Sold (Public Records) $20,000 Public Records
• 1993-08-01 Sold (Public Records) $18,200 Public Records
• 1988-01-05 Sold (Public Records) $25,500 Public Records
• 1981-07-01 Sold (Public Records) $21,330 Public Records

Property tax history

-12.1%/yr

Latest (2025): $67 · +7.0% YoY. Source: county tax records.