4051 58th St N Unit 239C · Kenneth City, FL 33709

$73,000

1 bd · 1.0 ba · 562 sqft · Condo public records · 67 Days on market

Built 1962 $480/mo HOA · 33% 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 +25.2/30.0
• 1% rule +10.0/10.0
• DSCR +8.3/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.2/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

Key facts

• Close to parks
• In-unit laundry
• Close to shopping

Tags

• IN-UNIT LAUNDRY
• BALCONY OVERLOOKING COURTYARD
• CLOSE TO SHOPPING
• CLOSE TO PARKS
• CLOSE TO GULF BEACHES

Property features AI

Finance

• Other: Unfurnished; Directions: From 38th Ave and 58th Street North go North to 4051
• Financial info: Total monthly fees: $480; Total annual fees: $5,760
• HOA & community: Monthly condo fee: $480 (includes cable TV, common area taxes, escrow reserves, insurance, internet, structure & grounds maintenance, management, sewer, trash, water); Association: PBM Association Management; Association amenities: Cable TV, Laundry, Maintenance, Shuffleboard court, Storage; Senior community; Buyer approval required; Sidewalks; Pets allowed: Cats and dogs

Exterior

• Utilities: Public water; Public sewer; Public utilities
• Home design: Condominium; Residential property; Multi/split levels; 2 total stories; Entry on 2nd floor; Faces east
• Construction: Concrete construction; Built-up roof; Slab foundation; Building identified as #2; Completed condition; Built area ~562 sq ft
• Exterior features: Covered patio; Patio; Balcony; Outdoor grill; Sidewalk; Storage; Mature landscaping with oak trees; Paved road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 1 bedroom (located on 2nd floor)
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Ductless heating; Wall/window cooling unit(s)
• Interior features: Ceiling fans; Solid surface counters; 5 total rooms
• Laundry & utility: Washer; Dryer; Laundry closet

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $73k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $73k).
• Recommended offer: $69k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 6.7% in Kenneth City — 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 83/100 on livability (#47 in FL, #874 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, amenities 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.
• Market conditions: Rents flat; 309 active listings in the ZIP; 10 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 32% of the median local income ($54k/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 $505 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 67 days — a 6% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y 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 $16k; list at $73k implies a 356% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,620 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — 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. 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 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: 1.98% ✓
• Cap rate: 9.00%
• Cash-on-cash: 9.66%
• DSCR: 1.43
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.99% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.81×
• Total profit: $-3,912
• Equity at exit: $10,885

10-year hold

• IRR: 0.0%
• Equity multiple: 1.00×
• Total profit: $42
• Equity at exit: $6,312

Cash invested: $20,440 (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 33709

• Rents YoY: 1.0%
• Active inventory: 309
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,448 high
• Mortgage (P&I): −$383
• Tax from tax record: −$86 /mo · $1,032/yr
• Insurance: −$30
• HOA: −$480
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $164

Break-even live

Break-even rent $1,240

Max offer price $73,000

Occupancy floor 84%

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: $18,250
• Closing costs: $2,190
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5323 59th Cir W Kenneth City, FL	1.0–2.0	1.0	800	$1,100	$1.38	3d	4	0.81mi
5680 28th Ave N Unit 1 St. Petersburg, FL	1.0	1.0	450	$1,500	$3.33	24d	1	0.81mi
3980 64th St N Saint Petersburg, FL	1.0–2.0	1.0–2.0	707	$1,350	$1.91	3d	6	0.81mi
5255 62nd St N Kenneth City, FL	1.0–3.0	1.0–2.0	1000	$1,300	$1.30	3d	2	0.89mi
6538 42nd Ave N Unit 7 Kenneth City, FL	2.0	1.0	648	$2,000	$3.09	24d	1	0.96mi
3556 66th St N St. Petersburg, FL	1.0	1.0	610	$1,300	$2.13	15d	1	1.09mi
6522 54th Ave N Saint Petersburg, FL	1.0–3.0	1.0–2.0	892	$1,300	$1.46	2d	10	1.17mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,449	$1.87	8d	3	1.21mi
4701 68th St N Saint Petersburg, FL	1.0	1.0	700	$1,099	$1.57	24d	1	1.31mi
6801 48th Ave N Unit B St. Petersburg, FL	1.0	1.0	650	$1,525	$2.35	24d	1	1.36mi

HOA detail condo

• Monthly dues: $480 · $5,760/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 23 events

1. 2026-06-18
   days on market $73,000 Active 67 DOM
2. 2026-06-17
   days on market $73,000 Active 66 DOM
3. 2026-06-16
   days on market $73,000 Active 65 DOM
4. 2026-06-15
   days on market $73,000 Active 64 DOM
5. 2026-06-13
   days on market $73,000 Active 62 DOM
6. 2026-06-09
   days on market $73,000 Active 58 DOM
7. 2026-06-08
   days on market $73,000 Active 57 DOM
8. 2026-06-07
   days on market $73,000 Active 56 DOM
9. 2026-06-04
   days on market $73,000 Active 53 DOM
10. 2026-06-03
    days on market $73,000 Active 52 DOM
11. 2026-06-01
    days on market $73,000 Active 50 DOM
12. 2026-05-31
    days on market $73,000 Active 49 DOM
13. 2026-04-12
    listed $73,000 Active
14. 2014-06-16
    soldstatus $16,000 Sold 466-char remark

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

15. 2014-06-16
    soldstatus $16,000

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

16. 2014-06-14
    status Pending 466-char remark

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

17. 2014-06-10
    historical 466-char remark

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

18. 2014-05-16
    status Pending 466-char remark

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

19. 2014-05-02
    status Active 466-char remark

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

20. 2014-04-24
    status Pending 466-char remark

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

21. 2013-11-07
    listed $17,500 Active 466-char remark

    Show marketing remark (466 chars)

    Fully furnished, move in ready, l bedroom, l bath condo located in a quiet, park like courtyard. Clearview Oaks has a great clubhouse with many activities. It also has a library, pool room and shuffleboard courts. It is conveniently located, close to shopping, hospitals, and only 15 minutes by car to several beaches. Nearby St. Petersburg, and Tampa have many wonderful museums and entertainment. Unit has a wonderful large balcony to sit with your morning coffee.

22. 2011-04-18
    soldstatus $12,500 333-char remark

    Show marketing remark (333 chars)

    A great opportunity to own an affordable, well-maintain condo in a quiet 55+ community. This is an interior unit with a courtyard view, an open kitchen and living room, nice sized bedroom, with storage in the unit and a separate storage room. Recently installed berber carpet. This is a great chance to own for far less than renting.

23. 2011-02-08
    listed $14,900 333-char remark

    Show marketing remark (333 chars)

    A great opportunity to own an affordable, well-maintain condo in a quiet 55+ community. This is an interior unit with a courtyard view, an open kitchen and living room, nice sized bedroom, with storage in the unit and a separate storage room. Recently installed berber carpet. This is a great chance to own for far less than renting.

ⓘ 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: $1,032 · $86/mo
• Projected year-2 tax: $1,032 · $86/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 25 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: $17,373
• − Mortgage interest: −$4,089
• − Property taxes: −$1,032
• − Insurance: −$365
• − Repairs & maintenance: −$1,390
• − Management: −$1,390
• − HOA: −$5,760
• − Depreciation: −$2,124
• Taxable income: $1,223
• Est. tax owed @ 24.0%: −$294
• After-tax cash flow: $1,680/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 — Kenneth City

• Score: 83/100
• State rank: #47
• US rank: #874

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenneth City, FL
• County: Pinellas County · 939,478 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 25,050
• Household income: $53,501
• Rent vs Own: 23.9% rent · 76.1% own
• Severe rent burden: 712.0

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 White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 11% Two or more races 10% Black 5% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Vietnam, Jamaica
• Languages at home: 84% English-only · Spanish 9% Other Indo-European 2% Vietnamese 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: ▼ -416.74%
• Current HPI: 391.368
• Rent YoY: ▲ 0.99%
• 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

+389.9% since first listed

11 events — show timeline

• 2026-04-12 Listed $73,000 Stellar MLS as Distributed by MLS Grid
• 2014-06-16 Sold (Public Records) $16,000 Public Records
• 2014-06-16 Sold (MLS) $16,000 Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-05-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-04-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2013-11-07 Listed $17,500 Stellar MLS as Distributed by MLS Grid
• 2011-04-18 Sold (MLS) $12,500 Stellar MLS as Distributed by MLS Grid
• 2011-02-08 Listed $14,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+11.0%/yr

Latest (2025): $1,032 · +2.0% YoY. Source: county tax records.