5622 Hobson St NE · St. Petersburg, FL 33703

$5,000

2 bd · 1.0 ba · 723 sqft · SingleFamily public records · 7 Days on market

Built 1960 7,405 sqft lot

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very clean and is in move-in condition. Newer dual pane fold out windows, screen porch, 10 x 10 storage shed with electric and A/C and in-ground fiberglass pool. Great floor plan with vaulted ceilings. The laundry room is just off of the kitchen. There is a double gate into backyard for boat or R/V parking. Flood insurance required, but has never flooded while this owner has lived there. Conveniently located, close to St. Petersburg and Tampa. Note: The home is largerthan it appears.

Key facts

• 7,405 sq ft lot
• Parking
• Built 1960

Property features AI

Exterior

• Parking: Carport (1 space)
• Utilities: Other water source; Other sewer
• Home design: Single-family residence; One story
• Construction: Construction materials: see remarks
• Exterior features: Front porch; Other roof

Interior

• Flooring: Other flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: One total room; Other flooring

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$252,327) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 370.6% 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 D — 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 rising (+2.2%/yr); 457 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $35 of loan paydown is wiped out by about $150 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.
• At projected returns (-3.0% appreciation + 2.2% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 21y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 39.31% ✓
• Cap rate: 370.64%
• Cash-on-cash: 1301.23%
• DSCR: 58.90
• GRM: 0.2

CMA / ARV

• ARV (on-the-fly): $252,327
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
765 60th Ave NE	0.53mi	2/1.0	692 (-4%)	2mo	$209,000	$302	67
151 SE Monroe Cir N	0.26mi	2/1.0	802 (+11%)	3mo	$328,000	$409	67
400 61st Ave NE	0.33mi	2/1.0	770 (+6%)	9mo	$178,000	$231	66
225 SE Jefferson Cir N	0.41mi	2/1.0	648 (-10%)	0mo	$220,000	$340	63
487 49th Ave N	0.62mi	2/1.0	759 (+5%)	10mo	$287,000	$378	54
763 60th Ave NE	0.52mi	2/1.0	786 (+9%)	10mo	$205,000	$261	53
520 48th Ave N	0.72mi	1/1.0 (-1)	692 (-4%)	15mo	$300,000	$434	42
334 50th Ave N	0.48mi	2/1.0	816 (+13%)	22mo	$285,000	$349	38
494 49th Ave N	0.65mi	2/2.0	806 (+12%)	21mo	$350,000	$434	29

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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 49.18×
• Total profit: $67,453
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 103.27×
• Total profit: $143,182
• Equity at exit: $432

Cash invested: $1,400 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $1,965 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $1,092

Break-even live

Break-even rent $584

Max offer price $5,000

Occupancy floor 39%

Sensitivity live

Price	-10% $1,095	-5% $1,093	+0% $1,092	+5% $1,090	+10% $1,088
Rent	-10% $936	-5% $1,014	+0% $1,092	+5% $1,169	+10% $1,247
Rate	-1.0pp $1,094	-0.5pp $1,093	base $1,092	+0.5pp $1,090	+1.0pp $1,089

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$3,323	$3.44	3d	13	0.28mi
5364 4th St N St. Petersburg, FL	1.0	1.0	570	$1,150	$2.02	25d	1	0.44mi
4880 Locust St NE St Petersburg, FL	1.0	1.0–2.0	840	$1,375	$1.64	25d	3	0.46mi
363 48th Ave N Saint Petersburg, FL	1.0	1.0	750	$1,900	$2.53	25d	1	0.56mi
120 47th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,999	$2.19	3d	8	0.60mi
209 NW Jefferson Cir N Unit JEFFERSON209-15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	4d	1	0.63mi
209 NW Jefferson Cir N Unit 15 St. Petersburg, FL	2.0	1.0	740	$1,275	$1.72	25d	1	0.63mi
550 50th Ave N Saint Petersburg, FL	2.0	1.0	765	$1,700	$2.22	8d	2	0.65mi
660 62nd Ave N #1204 Saint Petersburg, FL	1.0	1.0	656	$1,400	$2.13	24d	1	0.71mi
468 44th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	693	$1,900	$2.74	25d	1	0.88mi
111 73rd Ave N Saint Petersburg, FL	3.0	1.0–1.5	695	$1,883	$2.71	25d	1	1.09mi
500 75th Ave N Saint Petersburg, FL	1.0	1.0	602	$1,195	$1.99	25d	1	1.30mi
200 78th Ave N Saint Petersburg, FL	1.0–3.0	1.0	810	$1,610	$1.99	5d	1	1.37mi
600 76th Ave N Saint Petersburg, FL	1.0–2.0	1.0–1.5	775	$1,849	$2.39	5d	10	1.38mi
252 33rd Ave N St. Petersburg, FL	1.0	1.0	700	$1,995	$2.85	18d	1	1.47mi
344 33rd Ave N St. Petersburg, FL	1.0	1.0	560	$1,200	$2.14	5d	1	1.48mi

Listing history 5 events

1. 2026-06-17
   days on market $5,000 Active 7 DOM
2. 2026-06-16
   days on market $5,000 Active 6 DOM
3. 2026-06-15
   days on market $5,000 Active 5 DOM
4. 2026-06-13
   remarks 304-char remark
5. 2026-06-13
   listed $5,000 Active 3 DOM

ⓘ 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 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 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: $23,585
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$5,144
• − Repairs & maintenance: −$1,887
• − Management: −$1,887
• − Depreciation: −$145
• Taxable income: $14,167
• Est. tax owed @ 24.0%: −$3,400
• After-tax cash flow: $9,699/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): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% 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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

-88.9% since first listed

9 events — show timeline

• 2026-06-10 Listed $5,000 HAOR as distributed by MLS GRID
• 2005-08-22 Sold (Public Records) $169,900 Public Records
• 2005-08-15 Sold (MLS) $169,900 Stellar MLS as Distributed by MLS Grid
• 2005-04-30 Listed $165,900 Stellar MLS as Distributed by MLS Grid
• 2000-09-22 Sold (Public Records) $82,000 Public Records
• 1996-01-24 Sold (Public Records) $51,000 Public Records
• 1995-03-15 Sold (Public Records) $27,285 Public Records
• 1988-04-22 Sold (Public Records) $45,000 Public Records
• 1988-04-04 Sold (Public Records) $45,000 Public Records

Property tax history

-6.6%/yr

Latest (2025): $748 · -21.5% YoY. Source: county tax records.