2003 10th St S · St. Petersburg, FL 33705

$267,000

4 bd · 2.0 ba · 1,620 sqft · SingleFamily public records · 38 Days on market

Built 1925 5,188 sqft lot Est $424k · 37% 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 +15.2/30.0
• ARV discount +15.0/15.0
• 1% rule +4.7/10.0
• DSCR +4.7/10.0
• 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

Spacious 4 bed / 2 bath home in St. Pete's 33705 corridor — 1,620 sqft of family-sized living space, sitting adjacent to Old Southeast and Bartlett Park. St. Pete's no-state-income-tax appeal and year-round Gulf Coast climate continue to attract retirees and remote-work transplants from the Northeast. Vacant on close, with estimated market rent of $2,449/month based on local comps. List $275,000 / estimated ARV $365,000. Seller is willing to offer closing costs to buyer. Property status & photo disclosure: The property is currently vacant. The owner has been on-site completing minor paint and touch-up work. Seller can also work with buyer to ensure FHA loan compliance. Listin

Key facts

• 5,188 sq ft lot
• Built 1925
• Listed 37 days

Property features AI

Finance

• Other: Property classified as residential; Total living area approximately 1,620 sq ft
• HOA & community: No homeowners association

Exterior

• Utilities: Public water; Public utilities; Other sewer
• Home design: Single-family residence; One story; North-facing
• Construction: Block and frame construction; Shingle roof; Block foundation; Built on 0.12-acre lot
• Exterior features: Asphalt road access

Interior

• Bedrooms: 4 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Washer hookup; Electric dryer hookup

🏷️ Possibly a rental listed for sale. The $267,000 price doesn't fit this home's estimated sale value (~$424,440) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $267k.

Deal economics

• At list price, monthly cash flow is $94 ($1k/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 $259k (3.1% below list).
• Recommended offer: $259k (3.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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: Campbell Park Elementary School (math 19% / reading 19%, grade F, #2,111 of 2,144 statewide, top 99%, 462 students, 87% FRL); John Hopkins Middle School (math 25% / reading 27%, grade F, #506 of 571 statewide, top 89%, 723 students, 66% FRL); Gibbs High School (math 26% / reading 41%, grade F, #400 of 667 statewide, top 61%, 1,160 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 26% at this address vs 51% district-wide (-25 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 (-0.1%/yr); 308 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 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 $2k of loan paydown is wiped out by about $8k 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 38 days — a 3% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $33k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $140k; list at $267k implies a 91% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $258,854 (3.1% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.50%
• DSCR: 1.07
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $424,440
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1900 17th St S	0.45mi	3/1.0 (-1)	1,649 (+2%)	1mo	$308,000	$187	66
1511 22nd Ave S	0.30mi	3/2.0 (-1)	1,518 (-6%)	13mo	$398,000	$262	59
1600 27th Ave S	0.56mi	3/2.0 (-1)	1,524 (-6%)	2mo	$212,000	$139	57
2324 13th St S	0.26mi	3/2.0 (-1)	1,415 (-13%)	8mo	$429,000	$303	55
625 25th Ave S	0.57mi	3/2.0 (-1)	1,520 (-6%)	14mo	$160,000	$105	47
1618 20th Ave S	0.37mi	3/1.0 (-1)	1,378 (-15%)	3mo	$120,000	$87	46
851 16th Ave S	0.42mi	3/2.0 (-1)	1,455 (-10%)	17mo	$385,000	$265	44
1324 13th Ave S	0.57mi	3/2.0 (-1)	1,726 (+6%)	16mo	$425,000	$246	44
1717 Preston St S	0.48mi	3/2.0 (-1)	1,421 (-12%)	11mo	$345,000	$243	43
661 14th Ave S	0.67mi	3/2.5 (-1)	1,752 (+8%)	11mo	$514,900	$294	39
1119 Highland St S	0.65mi	3/2.0 (-1)	1,856 (+15%)	11mo	$725,000	$391	32
2032 22nd Ave S	0.72mi	4/2.0	1,391 (-14%)	14mo	$369,900	$266	31

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: -17.5%
• Equity multiple: 0.40×
• Total profit: $-44,782
• Equity at exit: $39,811

10-year hold

• IRR: -17.0%
• Equity multiple: 0.19×
• Total profit: $-60,208
• Equity at exit: $23,085

Cash invested: $74,760 (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: 8.6×

Monthly cashflow live

• Estimated rent: $2,589 high
• Mortgage (P&I): −$1,400
• Tax from tax record: −$440 /mo · $5,278/yr
• Insurance: −$111
• HOA: −$0
• Vacancy / Maint / Mgmt: −$544
• Net cashflow: $94

Break-even live

Break-even rent $2,470

Max offer price $267,000

Occupancy floor 91%

Sensitivity live

Price	-10% $245	-5% $169	+0% $94	+5% $18	+10% $-57
Rent	-10% $-111	-5% $-9	+0% $94	+5% $196	+10% $298
Rate	-1.0pp $228	-0.5pp $162	base $94	+0.5pp $24	+1.0pp $-46

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: $66,750
• Closing costs: $8,010
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2003 10th St S Saint Petersburg, FL	4.0	2.0	1620	$2,349	$1.45	10d	1	0.02mi
1013 20th Ave S Saint Petersburg, FL	4.0	2.0	1124	$1,775	$1.58	0d	1	0.05mi
930 20th Ave S St. Petersburg, FL	3.0	1.0	1190	$1,950	$1.64	0d	1	0.10mi
1535 13th St S Saint Petersburg, FL	4.0	2.0	1716	$2,850	$1.66	26d	1	0.38mi
2329 7th St S Saint Petersburg, FL	3.0	3.0	1894	$2,150	$1.14	20d	1	0.43mi
773 W Harbor Dr S Saint Petersburg, FL	4.0	2.0	1495	$2,800	$1.87	26d	1	0.43mi
1763 Preston St S Saint Petersburg, FL	3.0	1.0	1158	$2,350	$2.03	26d	1	0.48mi
1465 15th St S Saint Petersburg, FL	3.0	1.5	1405	$2,400	$1.71	6d	1	0.50mi
1218 13th Ave S Saint Petersburg, FL	3.0	2.0	1356	$2,594	$1.91	6d	1	0.55mi
720 Newton Ave S Saint Petersburg, FL	4.0	2.0	1320	$2,500	$1.89	10d	1	0.56mi
675 16th Ave S Unit 1 St. Petersburg, FL	4.0	2.0	1518	$2,750	$1.81	13d	1	0.56mi
1349 15th St S Saint Petersburg, FL	3.0	2.0	1702	$2,700	$1.59	26d	1	0.57mi
1317 14th St S St Petersburg, FL	4.0	2.0	1236	$2,150	$1.74	26d	1	0.58mi
771 14th Ave S Saint Petersburg, FL	3.0	2.0	1184	$2,850	$2.41	6d	1	0.58mi
2950 Pallanza Dr S Saint Petersburg, FL	3.0	3.0	2015	$3,250	$1.61	6d	1	0.60mi
1900 19th St S Saint Petersburg, FL	4.0	1.0	1572	$2,500	$1.59	6d	1	0.60mi
1900 19th St S Saint Petersburg, FL	4.0	1.0	2148	$2,500	$1.16	26d	1	0.60mi
1121 Dr Martin Luther King Jr St S Saint Petersburg, FL	3.0	2.0	1200	$2,275	$1.90	6d	1	0.63mi
1847 19th St S Saint Petersburg, FL	3.0	2.0	1203	$2,295	$1.91	6d	1	0.63mi
1137 Highland St S Saint Petersburg, FL	3.0	2.0	1400	$2,600	$1.86	4d	1	0.63mi
1911 22nd Ave S St Petersburg, FL	4.0	2.0	1424	$3,000	$2.11	5d	1	0.64mi
2505 18th St S Saint Petersburg, FL	3.0	2.0	1198	$2,350	$1.96	6d	1	0.65mi
2524 19th St S Saint Petersburg, FL	4.0	2.0	1230	$2,495	$2.03	26d	1	0.69mi
2033 20th St S Saint Petersburg, FL	3.0	1.0	1752	$1,775	$1.01	6d	1	0.69mi
2825 6th St S Saint Petersburg, FL	4.0	2.0	1235	$2,590	$2.10	6d	1	0.70mi
2621 18th St S Saint Petersburg, FL	3.0	1.0	1114	$2,200	$1.97	26d	1	0.71mi
2609 4th St S Saint Petersburg, FL	3.0	1.5	1095	$1,595	$1.46	6d	1	0.73mi
2310 21st St S Saint Petersburg, FL	5.0	3.0	1500	$3,460	$2.31	6d	1	0.75mi
2435 20th St S Unit 1 St. Petersburg, FL	4.0	2.0	1230	$2,650	$2.15	26d	1	0.75mi
825 32nd Ave S Saint Petersburg, FL	1.0–3.0	1.0–2.5	1518	$3,840	$2.53	5d	17	0.76mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	26d	1	0.76mi
2720 Edwards Ave S Saint Petersburg, FL	4.0	2.0	1298	$2,300	$1.77	6d	1	0.79mi
1400 21st St S Saint Petersburg, FL	4.0	2.0	1487	$2,970	$2.00	10d	1	0.83mi
985 8th Ave S Unit S St. Petersburg, FL	3.0	1.0	1061	$2,575	$2.43	0d	1	0.87mi
2244 21st Ave S Saint Petersburg, FL	3.0	1.0	1229	$2,250	$1.83	6d	1	0.92mi
2245 17th Ave S Saint Petersburg, FL	4.0	2.0	1058	$2,400	$2.27	6d	1	0.97mi
116 16th Ave SE Saint Petersburg, FL	3.0	2.0	1468	$3,200	$2.18	26d	1	1.00mi
1735 25th St S Saint Petersburg, FL	5.0	2.0	1453	$3,250	$2.24	26d	1	1.14mi
1735 25th St S Unit 1 St. Petersburg, FL	5.0	2.0	1543	$3,250	$2.11	0d	1	1.14mi
750 38th Ave S Saint Petersburg, FL	3.0	1.0	1475	$1,900	$1.29	6d	1	1.17mi

Listing history 14 events

1. 2026-06-09
   days on market $267,000 Active 38 DOM
2. 2026-06-08
   days on market $267,000 Active 37 DOM
3. 2026-06-07
   days on market $267,000 Active 36 DOM
4. 2026-06-04
   days on market $267,000 Active 33 DOM
5. 2026-06-03
   days on market $267,000 Active 32 DOM
6. 2026-06-01
   days on market $267,000 Active 30 DOM
7. 2026-05-31
   days on market $267,000 Active 29 DOM
8. 2026-05-17
   price $270,000
9. 2026-05-11
   price $275,000
10. 2026-05-02
    listed $299,900 Active
11. 2026-03-16
    listed $2,349
12. 2026-03-16
    historical $2,349
13. 2026-02-03
    listed $2,349
14. 2022-12-02
    soldstatus $140,000

ⓘ 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: $5,278 · $440/mo
• Projected year-2 tax: $5,278 · $440/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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,062
• − Mortgage interest: −$14,956
• − Property taxes: −$5,278
• − Insurance: −$1,335
• − Repairs & maintenance: −$2,485
• − Management: −$2,485
• − Depreciation: −$7,767
• Taxable loss: −$3,244
• Est. tax savings @ 24.0%: +$779
• After-tax cash flow: $1,902/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

+92.9% since first listed

7 events — show timeline

• 2026-05-17 Price Changed $270,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-11 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-02 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Listed for Rent $2,349 STELLARMLS
• 2026-03-16 Rental Removed $2,349 SHOWMOJO
• 2026-02-03 Listed for Rent $2,349 SHOWMOJO
• 2022-12-02 Sold (Public Records) $140,000 Public Records

Property tax history

+16.5%/yr

Latest (2025): $5,278 · +13.5% YoY. Source: county tax records.