3919 Harrisburg St NE · St. Petersburg, FL 33703

$215,000

3 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 1 Days on market

Built 1961 7,153 sqft lot Est $283k · 24% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• 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

Under contract-accepting backup offers. * CASH ONLY * BIG PRICE REDUCTION! Being sold as-is for land value, renovation or new construction due to flooding during Hurricane Helene, Great opportunity for investors. This 1,040 SF solid concrete block home features 3 bedrooms, 1 bathroom a single car garage and polished Terrazzo flooring thru-out home. Homeowners have installed new heat and air, electrical panel, bath vanity, toilet, large water heater and all new appliances except dishwasher and microwave. Just 10 minutes from downtown St. Pete, the new Shore Acres recreation center is only a few blocks away, and the Speer YMCA is a quick drive. It’s a golf cart-friendly neighborhood.

Key facts

• New heat and air
• Large water heater
• New bath vanity

Tags

• POLISHED TERRAZZO FLOORING
• NEW HEAT AND AIR
• NEW ELECTRICAL PANEL
• NEW BATH VANITY
• NEW TOILET
• LARGE WATER HEATER

Property features AI

Finance

• Other: Property type: Residential, single family; Living area approximately 1,040 square feet; Listed as a fixer; Unit/floor number: 1 (single-level); Universal property ID available
• Financial info: Lease restrictions apply
• HOA & community: No association

Exterior

• Parking: Driveway; Ground-level parking; Guest parking; Attached 1-car garage
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Phone available; Broadband/high-speed internet available; Sewer connected; Water connected
• Home design: Single family residence; One-story; Faces southeast; Fixer condition; Homesteaded
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.16-acre lot (approx. 60 x 120)
• Exterior features: Covered, enclosed and screened porch/patio; Private mailbox; Cleared lot; Paved road access

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Disposal; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Terrazzo
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Thermostat; Window treatments; Sliding doors
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $649 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Cap rate 12.3% 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 B — 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); 451 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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).
• This rent runs 37% of the median local income ($95k/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 $1k of loan paydown is wiped out by about $6k 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 $60k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $130k; list at $215k implies a 66% gain — meaningful room to come down on a strong offer.

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 $215,000

Questions for the listing agent

1. Built in 1961 — 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. 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: 1.38% ✓
• Cap rate: 12.30%
• Cash-on-cash: 21.45%
• DSCR: 1.95
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $282,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4234 Harrisburg St NE	0.24mi	3/2.0	1,079 (+4%)	2mo	$335,000	$310	77
4146 Des Moines St NE	0.20mi	3/2.0	1,127 (+8%)	0mo	$399,900	$355	72
3843 Shore Acres Blvd NE	0.13mi	3/2.0	1,194 (+15%)	3mo	$325,000	$272	63
4501 Helena St NE	0.38mi	3/2.0	1,125 (+8%)	5mo	$265,000	$236	60
4641 Shore Acres Blvd NE	0.47mi	3/2.0	1,152 (+11%)	3mo	$490,000	$425	53
4531 Shore Acres Blvd NE	0.42mi	2/1.0 (-1)	900 (-14%)	1mo	$255,000	$283	52
1758 Michigan Ave NE	0.61mi	3/1.5	945 (-9%)	3mo	$165,000	$175	52
1782 Michigan Ave NE	0.62mi	3/1.0	945 (-9%)	7mo	$156,500	$166	50
901 Eden Isle Blvd NE	0.72mi	2/2.0 (-1)	1,110 (+7%)	4mo	$675,000	$608	43
4641 Carson St NE	0.46mi	2/1.0 (-1)	1,188 (+14%)	10mo	$295,000	$248	42
1719 Mississippi Ave NE	0.65mi	3/2.0	1,147 (+10%)	9mo	$210,000	$183	41
1882 Maryland Ave NE	0.68mi	3/1.0	1,154 (+11%)	11mo	$152,500	$132	41

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $4,353
• Equity at exit: $32,057

10-year hold

• IRR: 10.7%
• Equity multiple: 1.80×
• Total profit: $48,296
• Equity at exit: $18,589

Cash invested: $60,200 (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: 451
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,971 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$54 /mo · $652/yr
• Insurance: −$90
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$624
• Net cashflow: $649

Break-even live

Break-even rent $2,149

Max offer price $215,000

Occupancy floor 73%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	4d	1	0.12mi
3901 Helena St NE Saint Petersburg, FL	3.0	2.0	1195	$2,590	$2.17	14d	1	0.13mi
4011 Helena St NE St Petersburg, FL	3.0	1.5	1005	$2,500	$2.49	24d	1	0.13mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	4d	1	0.16mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	24d	1	0.18mi
3600 Alabama Ave NE Saint Petersburg, FL	2.0	1.0	943	$2,700	$2.86	24d	1	0.21mi
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	14d	1	0.24mi
4227 Helena St NE Saint Petersburg, FL	2.0	1.0	1134	$3,200	$2.82	4d	1	0.25mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	4d	1	0.28mi
4165 13th Ln NE Saint Petersburg, FL	2.0	2.0	1438	$4,700	$3.27	4d	1	0.44mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,919	$3.18	3d	26	0.49mi
4480 Overlook Dr NE #17 Saint Petersburg, FL	2.0	2.0	1145	$2,250	$1.97	20d	1	0.51mi
4560 Overlook Dr NE #167 Saint Petersburg, FL	2.0	1.5	1015	$2,050	$2.02	24d	1	0.63mi
1867 Michigan Ave NE Saint Petersburg, FL	2.0	1.0	1044	$2,349	$2.25	4d	1	0.71mi
1885 Shore Acres Blvd NE Saint Petersburg, FL	3.0	2.0	1040	$2,498	$2.40	15d	1	0.84mi
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	17d	1	1.06mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	4d	1	1.28mi
617 Segovia Ct NE Saint Petersburg, FL	2.0	2.5	1420	$2,950	$2.08	24d	1	1.39mi
265 Mateo Way NE St Petersburg, FL	2.0	2.0	1055	$2,700	$2.56	20d	1	1.40mi
4843 Napoli Ct NE Saint Petersburg, FL	2.0	2.5	1210	$3,200	$2.64	4d	1	1.47mi
411 42nd Ave NE Saint Petersburg, FL	3.0	2.0	1365	$3,500	$2.56	17d	1	1.48mi
400 38th Ave NE St Petersburg, FL	3.0	2.0	1166	$5,400	$4.63	24d	1	1.48mi
503 Monterey Blvd NE Unit 2 St. Petersburg, FL	2.0	2.0	1250	$2,700	$2.16	4d	1	1.49mi

Listing history 3 events

1. 2026-06-02
   status $215,000 Pending 1 DOM
2. 2026-06-01
   remarks 693-char remark
3. 2026-06-01
   listed $215,000 Active 1 DOM

ⓘ 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: $652 · $54/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$1,132/yr (+$94/mo · 173.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 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: $35,656
• − Mortgage interest: −$12,043
• − Property taxes: −$652
• − Insurance: −$6,194
• − Repairs & maintenance: −$2,852
• − Management: −$2,852
• − Depreciation: −$6,255
• Taxable income: $4,807
• Est. tax owed @ 24.0%: −$1,154
• After-tax cash flow: $6,639/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

+442.9% since first listed

7 events — show timeline

• 2026-06-01 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-04 Price Changed $249,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-09 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2003-09-26 Sold (Public Records) $129,900 Public Records
• 2000-05-12 Sold (Public Records) $65,500 Public Records
• 1992-11-01 Sold (Public Records) $39,600 Public Records

Property tax history

-7.3%/yr

Latest (2025): $652 · -26.3% YoY. Source: county tax records.