9483 55th St N · Pinellas Park, FL 33782

$269,000

3 bd · 1.0 ba · 743 sqft · SingleFamily public records · 10 Days on market

Built 1970 5,362 sqft lot Est $252k · 7% over

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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 +13.5/30.0
• ARV discount +4.4/15.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• Livability +3.9/5.0
• 1% rule +3.7/10.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Clean 3 Bedroom, 1 Bath, 1 Car Garage with Large Fenced Backyard. Updated Kitchen and Bathroom.

Key facts

• Non-flood zone
• Convenient location
• Inside laundry room

Tags

• CONVENIENT LOCATION
• FULLY FENCED BACKYARD
• INSIDE LAUNDRY ROOM
• NON-FLOOD ZONE
• EASY ACCESS TO ATTRACTIONS

Property features AI

Finance

• Other: Lot approximately 0.12 acre (65 x 90); Public maintained road; Homestead and CDD not indicated
• HOA & community: No association / HOA not present; Pets allowed

Exterior

• Parking: Attached garage (1 car) with 21x12 dimensions; Driveway parking; Guest and off-street parking
• Utilities: Public water; Public sewer; Electricity connected; Cable available; High‑speed internet / broadband available; Water connected; Sewer connected
• Home design: Single family residence; One story; Faces west; Completed condition
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built area: 1,260 total building area
• Exterior features: Covered front porch; Outdoor lighting; Private mailbox; Storage shed(s); Vinyl and wood fencing; Mature landscaping with trees; Sidewalks; Paved roads (asphalt/concrete); Near public transit; City limits / in county

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Thermostat; Inside utility
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $11 ($127/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 $235k (12.6% below list).
• Recommended offer: $235k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities F.
• 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: Pinellas Park Elementary School (math 43% / reading 39%, grade F, #1,454 of 2,144 statewide, top 69%, 452 students, 74% FRL); Pinellas Park High School (math 28% / reading 35%, grade F, #424 of 667 statewide, top 64%, 1,919 students, 57% FRL) — zoned schools average 65% FRL vs 48% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-15 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-5.3%/yr); 200 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 42% of the median local income ($66k/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 $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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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 $200k; 34% 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 $235,117 (12.6% below list)

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.87% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.17%
• DSCR: 1.01
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $251,877
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9483 55th St N	0.00mi	3/1.0	743 (0%)	1mo	$200,000	$269	99
5501 96th Ave N	0.08mi	2/1.0 (-1)	763 (+3%)	2mo	$295,000	$387	85
5401 94th Ave N	0.08mi	2/1.0 (-1)	756 (+2%)	7mo	$285,000	$377	83
9901 55th St N	0.29mi	2/1.0 (-1)	784 (+6%)	21mo	$290,000	$370	55
8865 56th Way N	0.41mi	2/1.0 (-1)	720 (-3%)	20mo	$300,000	$417	54
9251 50th St N	0.39mi	2/1.0 (-1)	843 (+14%)	1mo	$215,000	$255	53
5761 94th Ter N	0.22mi	2/1.0 (-1)	818 (+10%)	22mo	$270,000	$330	49
5220 86th Ave N	0.62mi	2/1.0 (-1)	825 (+11%)	3mo	$175,000	$212	45
5430 Palm Crest Ct N	0.45mi	2/1.0 (-1)	840 (+13%)	11mo	$165,000	$196	43
5660 86th Ave	0.60mi	2/1.0 (-1)	825 (+11%)	12mo	$280,000	$339	39
8410 56th St N	0.68mi	2/1.0 (-1)	825 (+11%)	13mo	$283,610	$344	34
8740 55th Way N	0.48mi	2/1.0 (-1)	851 (+14%)	23mo	$275,000	$323	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.34×
• Total profit: $-49,777
• Equity at exit: $40,109

10-year hold

• IRR: -20.1%
• Equity multiple: 0.08×
• Total profit: $-68,990
• Equity at exit: $23,258

Cash invested: $75,320 (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 33782

• Rents YoY: -5.3%
• Active inventory: 200
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,351 high
• Mortgage (P&I): −$1,411
• Tax from tax record: −$324 /mo · $3,889/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $11

Break-even live

Break-even rent $2,338

Max offer price $269,000

Occupancy floor 95%

Sensitivity live

Price	-10% $163	-5% $87	+0% $11	+5% $-66	+10% $-142
Rent	-10% $-175	-5% $-82	+0% $11	+5% $103	+10% $196
Rate	-1.0pp $146	-0.5pp $79	base $11	+0.5pp $-59	+1.0pp $-130

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: $67,250
• Closing costs: $8,070
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$2,706	$2.58	3d	19	0.52mi
4940 87th Ave Unit C Pinellas Park, FL	2.0	1.0	700	$2,600	$3.71	25d	1	0.65mi
4701 88th Ave N Pinellas Park, FL	1.0–2.0	1.0–2.0	855	$1,853	$2.17	11d	20	0.74mi
8400 49th St N Pinellas Park, FL	1.0–2.0	1.0–2.0	707	$1,749	$2.47	2d	22	0.75mi
8851 US Highway 19 N Pinellas Park, FL	1.0–3.0	1.0–2.0	993	$2,850	$2.87	2d	23	1.10mi
4520 76th Ave N Pinellas Park, FL	2.0	1.0	700	$1,545	$2.21	25d	1	1.45mi

Listing history 7 events

1. 2026-06-18
   days on market $269,000 Active 10 DOM
2. 2026-06-17
   days on market $269,000 Active 9 DOM
3. 2026-06-16
   days on market $269,000 Active 8 DOM
4. 2026-06-15
   days on market $269,000 Active 7 DOM
5. 2026-06-13
   days on market $269,000 Active 5 DOM
6. 2026-06-08
   remarks 699-char remark
7. 2026-06-08
   listed $269,000 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: $3,889 · $324/mo
• Projected year-2 tax: $3,889 · $324/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 4/10 Moderate FEMA zone X (unshaded) · 17% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,214
• − Mortgage interest: −$15,068
• − Property taxes: −$3,889
• − Insurance: −$1,345
• − Repairs & maintenance: −$2,257
• − Management: −$2,257
• − Depreciation: −$7,825
• Taxable loss: −$4,428
• Est. tax savings @ 24.0%: +$1,063
• After-tax cash flow: $1,190/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

Amenities F Commute A+ Cost of living A+ Crime C+ Employment D+ Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 22,461
• Household income: $66,461
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 486.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 12% Asian 12% Two or more races 8% Black 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Italian 3% Romanian 2%
• Foreign-born: 17% · Canada, Vietnam, China
• Languages at home: 78% English-only · Spanish 9% Vietnamese 7% Other Indo-European 2%

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: ▼ -250.17%
• Current HPI: 314.1689
• Rent YoY: ▼ -5.28%
• 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

+511.4% since first listed

9 events — show timeline

• 2026-06-08 Listed $269,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-22 Sold (Public Records) $200,000 Public Records
• 2026-05-19 Sold (MLS) $200,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 2002-06-21 Sold (Public Records) $82,000 Public Records
• 1996-09-04 Sold (Public Records) $44,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $3,889 · +9.8% YoY. Source: county tax records.