4501 16th Ave S · St. Petersburg, FL 33711

$355,000

4 bd · 2.0 ba · 1,308 sqft · SingleFamily public records · 128 Days on market

Built 1978 5,998 sqft lot Est $344k · at est.

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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 +13.7/30.0
• ARV discount +6.1/15.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• 1% rule +2.9/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Prime investment opportunity in St. Petersburg! This 3-bedroom, 1-bath home is located in a rapidly growing area with convenient access to downtown, beaches, and everything the city has to offer. The property requires a full renovation, making it the perfect project for investors or buyers looking to create significant value through a flip. Priced to sell and offered strictly as-is, this home presents strong upside potential with a highly motivated seller. Don’t miss your chance to secure a property with tremendous opportunity in one of St. Pete’s fastest-rising neighborhoods.

Key facts

• All new appliances
• Move in ready
• New roof

Tags

• NEW ROOF
• ENERGY EFFICIENT WINDOWS
• ALL NEW APPLIANCES
• LARGE MODERN OUTDOOR SPACE
• MOVE IN READY
• FULLY UPDATED PROPERTY

Property features AI

Finance

• Other: Lot about 0.14 acres (approx. 50 x 118)
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No HOA / association indicated

Exterior

• Utilities: Public sewer; Electricity available; Public utilities; No water source listed
• Home design: Single family residence; One story; Faces south; Residential property
• Construction: Block, concrete and stucco construction; Shingle roof; Slab foundation; Built on/around 1308 sq ft living area (public records)
• Exterior features: Other exterior features; Asphalt road surface

Interior

• Kitchen: Cooktop; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Ductless heating; Central air conditioning; Wall/Window unit(s)
• Interior features: Ceiling fans; Other interior features
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $355k.

Deal economics

• At list price, monthly cash flow is $27 ($329/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 $281k (20.8% below list).
• Recommended offer: $281k (20.8% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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 soft (-1.5%/yr); 261 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $2,813/mo this rent would consume 51% of the median local household income ($67k/yr) (locally 903% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k 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 128 days — a 12% lower offer ($312k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $75k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $250k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $281,254 (20.8% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.79% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.33%
• DSCR: 1.01
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $344,004
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4216 15th Ave S	0.22mi	4/2.0	1,402 (+7%)	6mo	$230,000	$164	73
4658 25th Ave S	0.69mi	3/2.0 (-1)	1,287 (-2%)	0mo	$375,000	$291	60
4649 Queensboro Ave S	0.19mi	3/2.0 (-1)	1,479 (+13%)	8mo	$459,900	$311	58
4100 18th Ave S	0.38mi	4/1.0	1,164 (-11%)	6mo	$170,625	$147	55
2409 50th St S	0.72mi	3/2.0 (-1)	1,344 (+3%)	7mo	$510,000	$379	51
4675 20th Ave S	0.35mi	3/1.0 (-1)	1,168 (-11%)	9mo	$290,000	$248	49
3720 18th Ave S	0.65mi	3/2.0 (-1)	1,248 (-5%)	10mo	$239,000	$192	48
5211 Jersey Ave S	0.72mi	4/2.0	1,461 (+12%)	1mo	$260,000	$178	46
3730 18th Ter S	0.67mi	3/2.0 (-1)	1,200 (-8%)	5mo	$315,000	$263	46
2411 45th St S	0.59mi	3/1.0 (-1)	1,125 (-14%)	3mo	$300,000	$267	38
5217 18th Ave S	0.65mi	3/2.5 (-1)	1,470 (+12%)	8mo	$240,000	$163	36
2507 49th St S	0.74mi	3/1.0 (-1)	1,170 (-11%)	8mo	$360,000	$308	32

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: -18.9%
• Equity multiple: 0.35×
• Total profit: $-64,139
• Equity at exit: $52,932

10-year hold

• IRR: -18.1%
• Equity multiple: 0.14×
• Total profit: $-85,931
• Equity at exit: $30,694

Cash invested: $99,400 (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 33711

• Rents YoY: -1.5%
• Active inventory: 261
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,813 high
• Mortgage (P&I): −$1,862
• Tax from tax record: −$185 /mo · $2,219/yr
• Insurance: −$148
• HOA: −$0
• Vacancy / Maint / Mgmt: −$591
• Net cashflow: $27

Break-even live

Break-even rent $2,778

Max offer price $355,000

Occupancy floor 94%

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: $88,750
• Closing costs: $10,650
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1543 43rd St S Saint Petersburg, FL	4.0	2.0	1198	$3,495	$2.92	4d	1	0.16mi
1327 43rd St S Saint Petersburg, FL	3.0	1.5	959	$2,250	$2.35	4d	1	0.18mi
4631 Queensboro Ave S St Petersburg, FL	3.0	2.0	1094	$2,600	$2.38	11d	1	0.19mi
4631 Queensboro Ave S Unit 4631 St. Petersburg, FL	3.0	2.0	1094	$2,600	$2.38	8d	1	0.19mi
1628 43rd St S Saint Petersburg, FL	3.0	2.0	1045	$2,100	$2.01	24d	1	0.21mi
4721 14th Ave S Saint Petersburg, FL	5.0	3.0	1788	$3,700	$2.07	24d	1	0.28mi
4718 13th Ave S Saint Petersburg, FL	4.0	1.5	1520	$2,881	$1.90	13d	1	0.28mi
4421 11th Ave S Saint Petersburg, FL	3.0	2.0	945	$2,000	$2.12	4d	1	0.30mi
4537 10th Ave S Saint Petersburg, FL	4.0	2.0	1046	$2,690	$2.57	4d	1	0.37mi
4700 10th Ave S Saint Petersburg, FL	3.0	2.0	1300	$2,500	$1.92	20d	1	0.38mi
4700 10th Ave S Unit 1 St. Petersburg, FL	4.0	2.0	1300	$2,650	$2.04	24d	1	0.38mi
4029 13th Ave S St Petersburg, FL	3.0	2.0	1152	$2,650	$2.30	24d	1	0.39mi
2044 44th St S Saint Petersburg, FL	3.0	2.0	1384	$2,600	$1.88	22d	1	0.40mi
4801 10th Ave S Unit 1 St. Petersburg, FL	3.0	1.0	1100	$2,200	$2.00	24d	1	0.46mi
1642 39th St S Saint Petersburg, FL	3.0	1.0	975	$1,995	$2.05	20d	1	0.51mi
1734 39th St S Saint Petersburg, FL	4.0	2.0	1152	$2,000	$1.74	24d	1	0.52mi
5105 Tangerine Ave S Gulfport, FL	4.0	2.0	1860	$3,750	$2.02	4d	1	0.53mi
4711 Fairfield Ave S Saint Petersburg, FL	3.0	2.0	1135	$2,800	$2.47	4d	1	0.65mi
4541 6th Ave S Saint Petersburg, FL	3.0	1.0	945	$1,100	$1.16	15d	1	0.68mi
3855 8th Ave S Saint Petersburg, FL	4.0	2.0	1565	$3,530	$2.26	4d	1	0.69mi
800 51st St S Gulfport, FL	3.0	2.0	1258	$3,200	$2.54	4d	1	0.70mi
1701 53rd St S Gulfport, FL	3.0	1.0	994	$2,800	$2.82	4d	1	0.71mi
3603 16th Ave S Saint Petersburg, FL	4.0	2.0	1235	$3,000	$2.43	4d	1	0.71mi
4519 5th Ave S Saint Petersburg, FL	4.0	2.0	1448	$2,900	$2.00	4d	1	0.80mi
4736 5th Ave S Saint Petersburg, FL	4.0	1.0	1224	$1,895	$1.55	4d	1	0.81mi
450 47th St S Saint Petersburg, FL	3.0	1.0	960	$2,950	$3.07	4d	1	0.82mi
2510 38th St S Saint Petersburg, FL	3.0	1.5	1104	$2,340	$2.12	4d	1	0.86mi
2510 38th St S Saint Petersburg, FL	3.0	1.5	1104	$2,340	$2.12	24d	1	0.86mi
4948 5th Ave S Saint Petersburg, FL	3.0	1.5	1379	$2,450	$1.78	4d	1	0.88mi
2800 Tifton St S Gulfport, FL	3.0	2.0	1472	$3,500	$2.38	24d	1	0.89mi
5156 5th Ave S Saint Petersburg, FL	3.0	1.0	1139	$1,995	$1.75	24d	1	0.96mi
5609 15th Ave S Gulfport, FL	3.0	2.0	1453	$2,925	$2.01	24d	1	0.97mi
404 Madison St S Saint Petersburg, FL	3.0	1.0	1391	$2,500	$1.80	4d	1	0.97mi
4018 2nd Ave S Saint Petersburg, FL	3.0	1.0	1176	$2,095	$1.78	4d	1	1.03mi
5618 20th Ave S Gulfport, FL	3.0	2.0	1289	$3,000	$2.33	24d	1	1.05mi
5055 3rd Ave S Saint Petersburg, FL	3.0	2.0	1254	$2,100	$1.67	4d	1	1.06mi
4010 1st Ave S Saint Petersburg, FL	3.0	1.5	1847	$2,195	$1.19	14d	1	1.08mi
1721 58th St S Gulfport, FL	3.0	2.0	1412	$2,400	$1.70	4d	1	1.13mi
3089 15th Ave S Saint Petersburg, FL	3.0	2.0	1000	$2,195	$2.19	4d	1	1.16mi
3091 15th Ave S St. Petersburg, FL	3.0	2.0	1000	$2,195	$2.19	24d	1	1.16mi

Listing history 14 events

1. 2026-05-31
   statusdays on market $355,000 Pending 128 DOM
2. 2026-05-18
   price $355,000
3. 2026-04-19
   price $379,900
4. 2026-04-14
   status Active
5. 2026-04-14
   historical
6. 2026-04-05
   price $404,900
7. 2026-03-24
   price $409,500
8. 2026-03-05
   price $414,900
9. 2026-02-13
   price $429,900
10. 2026-01-22
    listed $430,000 Active
11. 2025-11-12
    soldstatus $250,000
12. 2025-10-15
    soldstatus $165,000 Closed 595-char remark

    Show marketing remark (595 chars)

    Prime investment opportunity in St. Petersburg! This 3-bedroom, 1-bath home is located in a rapidly growing area with convenient access to downtown, beaches, and everything the city has to offer. The property requires a full renovation, making it the perfect project for investors or buyers looking to create significant value through a flip. Priced to sell and offered strictly as-is, this home presents strong upside potential with a highly motivated seller. Don’t miss your chance to secure a property with tremendous opportunity in one of St. Pete’s fastest-rising neighborhoods.

13. 2025-09-17
    status Pending 595-char remark

    Show marketing remark (595 chars)

    Prime investment opportunity in St. Petersburg! This 3-bedroom, 1-bath home is located in a rapidly growing area with convenient access to downtown, beaches, and everything the city has to offer. The property requires a full renovation, making it the perfect project for investors or buyers looking to create significant value through a flip. Priced to sell and offered strictly as-is, this home presents strong upside potential with a highly motivated seller. Don’t miss your chance to secure a property with tremendous opportunity in one of St. Pete’s fastest-rising neighborhoods.

14. 2025-09-12
    listed $215,000 Active 595-char remark

    Show marketing remark (595 chars)

    Prime investment opportunity in St. Petersburg! This 3-bedroom, 1-bath home is located in a rapidly growing area with convenient access to downtown, beaches, and everything the city has to offer. The property requires a full renovation, making it the perfect project for investors or buyers looking to create significant value through a flip. Priced to sell and offered strictly as-is, this home presents strong upside potential with a highly motivated seller. Don’t miss your chance to secure a property with tremendous opportunity in one of St. Pete’s fastest-rising neighborhoods.

ⓘ 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: $2,219 · $185/mo
• Projected year-2 tax: $2,946 · $246/mo
• Expected delta: +$727/yr (+$61/mo · 32.8%)

ⓘ 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,750
• − Mortgage interest: −$19,886
• − Property taxes: −$2,219
• − Insurance: −$1,775
• − Repairs & maintenance: −$2,700
• − Management: −$2,700
• − Depreciation: −$10,327
• Taxable loss: −$5,856
• Est. tax savings @ 24.0%: +$1,406
• After-tax cash flow: $1,734/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): 20,013
• Household income: $66,540
• Rent vs Own: 30.3% rent · 69.7% own
• Severe rent burden: 903.0

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 0.59)
• Race & ethnicity: White 45% Black 45% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 1%
• Foreign-born: 7% · Canada, Dominican Republic
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 3% 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: ▼ -313.54%
• Current HPI: 338.2712
• Rent YoY: ▼ -1.47%
• 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

+65.1% since first listed

13 events — show timeline

• 2026-05-18 Price Changed $355,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-19 Price Changed $379,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-05 Price Changed $404,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $409,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $414,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Price Changed $429,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-22 Listed $430,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-12 Sold (Public Records) $250,000 Public Records
• 2025-10-15 Sold (MLS) $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-09-12 Listed $215,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.4%/yr

Latest (2025): $2,219 · +6.2% YoY. Source: county tax records.