6000 1st Ave S #14 · St. Petersburg, FL 33707

$129,000

1 bd · 1.0 ba · 740 sqft · Condo public records · 24 Days on market

Built 1968 $343/mo HOA · 22% 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 +19.5/30.0
• ARV discount +7.5/15.0
• 1% rule +7.2/10.0
• DSCR +6.2/10.0
• 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

"Attention All Investors!! This is a great property that is MOVE IN READY & where the "NUMBERS WORK"!! Buy today and start having positive cash flow tomorrow!! Last renter paid $750 per month. Monthly maintenance is only $190.00 per month. .. ground floor, super spacious, assigned parking space out front of unit, pool and laundry on sight!! NOT 55+, Great for a single professional tenant. Indoor kitty, fish or bird ok. Sorry no dogs.

Key facts

• $343 HOA
• Community pool
• Built 1968

Property features AI

Finance

• Other: Association fee required and collected monthly
• Financial info: Total annual fees $4,116; Lease restrictions apply
• HOA & community: Monthly condo fee of $343 (includes pool, sewer, water, trash, maintenance of structure and grounds, escrow reserves); Association managed by Creative Management; Clubhouse; Pool; Street lights; Cats allowed

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Sewer connected; Water connected
• Home design: Condominium; Residential property; One story; Entry on one level; Facing north
• Construction: Block and stucco construction; Membrane roof; Slab foundation; Building C
• Exterior features: Exterior lighting; Sidewalk; Sliding doors; Storage

Interior

• Kitchen: Dishwasher; Disposal; Ice maker; Microwave; Range; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 1 bedroom (floor 1)
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump; Central air
• Interior features: Ceiling fans; Living room / dining room combo; Blinds; Shutters
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $129k.

Deal economics

• At list price, monthly cash flow is $147 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $129k).
• Recommended offer: $127k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% 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); 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 36% at this address vs 51% district-wide (-14 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 (-0.6%/yr); 462 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 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 $892 of loan paydown is wiped out by about $4k 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 24 days — a 2% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $49k; list at $129k implies a 162% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% 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 $127,065 (1.5% below list)

Questions for the listing agent

1. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.22% ✓
• Cap rate: 7.66%
• Cash-on-cash: 4.89%
• DSCR: 1.22
• GRM: 6.8

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: -12.7%
• Equity multiple: 0.56×
• Total profit: $-16,001
• Equity at exit: $19,234

10-year hold

• IRR: -10.4%
• Equity multiple: 0.47×
• Total profit: $-19,128
• Equity at exit: $11,154

Cash invested: $36,120 (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 33707

• Rents YoY: -0.6%
• Active inventory: 462
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,580 high
• Mortgage (P&I): −$676
• Tax from tax record: −$27 /mo · $330/yr
• Insurance: −$54
• HOA: −$343
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $147

Break-even live

Break-even rent $1,393

Max offer price $129,000

Occupancy floor 86%

Sensitivity live

Price	-10% $220	-5% $184	+0% $147	+5% $111	+10% $74
Rent	-10% $22	-5% $85	+0% $147	+5% $210	+10% $272
Rate	-1.0pp $212	-0.5pp $180	base $147	+0.5pp $114	+1.0pp $80

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6256 3rd Ave S Saint Petersburg, FL	1.0	1.0	600	$1,749	$2.92	25d	1	0.31mi
555 62nd St S Unit 102 St. Petersburg, FL	1.0	1.0	640	$1,300	$2.03	15d	1	0.37mi
555 62nd St S Unit 103 St. Petersburg, FL	1.0	1.0	640	$1,375	$2.15	25d	1	0.37mi
5991 Fairfield Ave S Unit 4 St. Petersburg, FL	1.0	1.0	690	$1,600	$2.32	25d	1	0.40mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	25d	1	0.64mi
6565 5th Ave S Saint Petersburg, FL	1.0–2.0	1.0–2.0	730	$1,495	$2.05	25d	1	0.65mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	8d	1	0.68mi
810 Tyrone Blvd N Unit G-2 St. Petersburg, FL	1.0	1.0	600	$1,195	$1.99	25d	1	0.72mi
5821 8th Ave N Unit 203 St. Petersburg, FL	1.0	1.0	635	$1,195	$1.88	25d	1	0.74mi
5434 9th Ave N Unit A St. Petersburg, FL	1.0	1.0	576	$1,400	$2.43	25d	1	0.94mi
5011 Emerson Ave S Saint Petersburg, FL	1.0	1.0	600	$1,450	$2.42	25d	1	1.00mi
5042 7th Ave N Unit Pool House St. Petersburg, FL	1.0	1.0	475	$1,500	$3.16	25d	1	1.08mi
118 48th St N Unit A St. Petersburg, FL	2.0	1.0	680	$1,800	$2.65	25d	1	1.14mi
1806 57th St S Fl 33714 Gulfport, FL	1.0	1.0	550	$1,500	$2.73	25d	1	1.27mi
5608 18th Ave S Gulfport, FL	1.0	1.0	560	$1,600	$2.86	25d	1	1.27mi
5609 Tangerine Ave S Gulfport, FL	—	1.0	436	$995	$2.28	25d	1	1.31mi
5609 1/2 Tangerine Ave S Gulfport, FL	—	1.0	436	$995	$2.28	19d	1	1.31mi
5219 17th Ave S Unit 5219 Gulfport, FL	1.0	1.0	600	$1,400	$2.33	23d	1	1.34mi
4720 7th Ave N Unit B St. Petersburg, FL	1.0	1.0	520	$1,600	$3.08	25d	1	1.34mi
1720 53rd St S Gulfport, FL	1.0	1.0	728	$1,800	$2.47	5d	1	1.38mi
1720 53rd St S Unit 1720 Gulfport, FL	1.0	1.0	723	$1,800	$2.49	19d	1	1.38mi
6931 Hibiscus Ave S South Pasadena, FL	1.0	1.0	500	$1,200	$2.40	25d	1	1.39mi
1100 70th St N Unit 4 St. Petersburg, FL	1.0	1.0	700	$1,125	$1.61	4d	1	1.47mi

HOA detail condo

• Monthly dues: $343 · $4,116/yr
• Likely covers: poolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-05-01
   status Pending
2. 2026-04-20
   price $129,000
3. 2026-04-07
   listed $139,000 Active
4. 2015-03-25
   soldstatus $49,200
5. 2015-03-16
   soldstatus $49,200 Sold 459-char remark

   Show marketing remark (459 chars)

   "Attention All Investors!! This is a great property that is MOVE IN READY & where the "NUMBERS WORK"!! Buy today and start having positive cash flow tomorrow!! Last renter paid $750 per month. Monthly maintenance is only $190.00 per month. .. ground floor, super spacious, assigned parking space out front of unit, pool and laundry on sight!! NOT 55+, Great for a single professional tenant. Indoor kitty, fish or bird ok. Sorry no dogs.

6. 2015-03-02
   status Pending 459-char remark

   Show marketing remark (459 chars)

   "Attention All Investors!! This is a great property that is MOVE IN READY & where the "NUMBERS WORK"!! Buy today and start having positive cash flow tomorrow!! Last renter paid $750 per month. Monthly maintenance is only $190.00 per month. .. ground floor, super spacious, assigned parking space out front of unit, pool and laundry on sight!! NOT 55+, Great for a single professional tenant. Indoor kitty, fish or bird ok. Sorry no dogs.

7. 2015-02-09
   price $49,900 459-char remark

   Show marketing remark (459 chars)

   "Attention All Investors!! This is a great property that is MOVE IN READY & where the "NUMBERS WORK"!! Buy today and start having positive cash flow tomorrow!! Last renter paid $750 per month. Monthly maintenance is only $190.00 per month. .. ground floor, super spacious, assigned parking space out front of unit, pool and laundry on sight!! NOT 55+, Great for a single professional tenant. Indoor kitty, fish or bird ok. Sorry no dogs.

8. 2015-01-28
   price $55,900 459-char remark

   Show marketing remark (459 chars)

   "Attention All Investors!! This is a great property that is MOVE IN READY & where the "NUMBERS WORK"!! Buy today and start having positive cash flow tomorrow!! Last renter paid $750 per month. Monthly maintenance is only $190.00 per month. .. ground floor, super spacious, assigned parking space out front of unit, pool and laundry on sight!! NOT 55+, Great for a single professional tenant. Indoor kitty, fish or bird ok. Sorry no dogs.

9. 2014-11-26
   price $59,800 459-char remark

   Show marketing remark (459 chars)

   "Attention All Investors!! This is a great property that is MOVE IN READY & where the "NUMBERS WORK"!! Buy today and start having positive cash flow tomorrow!! Last renter paid $750 per month. Monthly maintenance is only $190.00 per month. .. ground floor, super spacious, assigned parking space out front of unit, pool and laundry on sight!! NOT 55+, Great for a single professional tenant. Indoor kitty, fish or bird ok. Sorry no dogs.

10. 2014-10-24
    listed $64,500 Active 459-char remark

    Show marketing remark (459 chars)

    "Attention All Investors!! This is a great property that is MOVE IN READY & where the "NUMBERS WORK"!! Buy today and start having positive cash flow tomorrow!! Last renter paid $750 per month. Monthly maintenance is only $190.00 per month. .. ground floor, super spacious, assigned parking space out front of unit, pool and laundry on sight!! NOT 55+, Great for a single professional tenant. Indoor kitty, fish or bird ok. Sorry no dogs.

11. 2013-08-26
    listed $49,900
12. 2010-03-23
    listed $47,900
13. 2009-08-04
    listed $59,900
14. 2006-11-08
    listed $95,000
15. 2004-08-17
    soldstatus $54,900
16. 2004-08-06
    soldstatus $54,900
17. 2004-07-09
    historical
18. 2004-06-02
    listed $54,900
19. 2003-09-03
    soldstatus $45,000
20. 1985-10-01
    soldstatus $108,000

ⓘ 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: $330 · $27/mo
• Projected year-2 tax: $1,071 · $89/mo
• Expected delta: +$741/yr (+$62/mo · 224.7%)

ⓘ 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 · 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: $18,957
• − Mortgage interest: −$7,226
• − Property taxes: −$330
• − Insurance: −$645
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − HOA: −$4,116
• − Depreciation: −$3,753
• Taxable loss: −$146
• Est. tax savings @ 24.0%: +$35
• After-tax cash flow: $1,802/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): 24,324
• Household income: $69,951
• Rent vs Own: 30.1% rent · 69.9% own
• Severe rent burden: 1371.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 7% Hispanic / Latino 7% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 1% French/Haitian/Cajun 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: ▼ -555.96%
• Current HPI: 359.4858
• Rent YoY: ▼ -0.61%
• 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

+19.4% since first listed

20 events — show timeline

• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Price Changed $129,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 2015-03-25 Sold (Public Records) $49,200 Public Records
• 2015-03-16 Sold (MLS) $49,200 Stellar MLS as Distributed by MLS Grid
• 2015-03-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-02-09 Price Changed $49,900 Stellar MLS as Distributed by MLS Grid
• 2015-01-28 Price Changed $55,900 Stellar MLS as Distributed by MLS Grid
• 2014-11-26 Price Changed $59,800 Stellar MLS as Distributed by MLS Grid
• 2014-10-24 Listed $64,500 Stellar MLS as Distributed by MLS Grid
• 2013-08-26 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2010-03-23 Listed $47,900 Stellar MLS as Distributed by MLS Grid
• 2009-08-04 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2006-11-08 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2004-08-17 Sold (Public Records) $54,900 Public Records
• 2004-08-06 Sold (MLS) $54,900 Stellar MLS as Distributed by MLS Grid
• 2004-07-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2004-06-02 Listed $54,900 Stellar MLS as Distributed by MLS Grid
• 2003-09-03 Sold (Public Records) $45,000 Public Records
• 1985-10-01 Sold (Public Records) $108,000 Public Records

Property tax history

-4.8%/yr

Latest (2025): $330 · +6.2% YoY. Source: county tax records.