1924 62nd Ave NE · St. Petersburg, FL 33702

$285,000

4 bd · 3.0 ba · 2,073 sqft · SingleFamily public records · 12 Days on market

Built 1974 7,993 sqft lot Est $560k · 49% under ↓ 25% since listing

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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 +8.9/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks

Listed at Appraised Value. Your opportunity to create the home of your dreams in beautiful, sunny St. Petersburg FL awaits! 4 bedrooms, 3 full baths, 2 car garage, Family room, formal living room and separate dining room. 2 of the bedrooms have en-suite bathrooms, one with a walk-in closet. 2 of the bathrooms were completely remodeled, and still nearly fully intact. 4 sets of sliding glass doors and French doors line the back of the house looking out onto the beautiful brick paver patio. Electric roll out shade provides additional cover. The circular driveway is beautifully pavered and shaded by a mature oak tree. Minutes from downtown St. Pete with night life, waterfront dining, shopping,

Key facts

• Walk-in closet
• Brick paver patio
• En-suite bathrooms

Tags

• EN-SUITE BATHROOMS
• WALK-IN CLOSET
• REMODELED BATHROOMS
• BRICK PAVER PATIO
• ELECTRIC ROLL OUT SHADE
• CIRCULAR DRIVEWAY

Property features AI

Finance

• Other: Flood zone / flood insurance may be required; Homestead exempt; Lot approximately 0.18 acre (dimensions 68 x 115); Directions: From US19 or I275 head East on 54 Ave N, turn North on 4th St N, go to 62 Ave N turn East. House is 2nd to last house on right.
• HOA & community: No association; Street lights in community; Pets allowed

Exterior

• Parking: Circular driveway with additional driveway space; Attached garage with garage door opener; 2-car garage; Off-street parking
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Single-family residence; One story; North-facing; Fixer condition
• Construction: Concrete construction; Shingle roof; Slab foundation; Built as single-story; Building area listed from public records
• Exterior features: Covered front and rear porches; Patio; Awning(s); French doors; Sliding doors; Exterior lighting; Sidewalks; Chain link and vinyl fencing; Shed(s); Fruit trees and oak trees; Mature landscaping; Gray water system; Near golf course; Paved lot and road

Interior

• Kitchen: Microwave
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile; Other flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; High ceilings; Solid wood cabinets; Split bedroom layout; Walk-in closets; Blinds and window treatments; Double-pane windows
• Laundry & utility: Laundry in garage; Irrigation equipment

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $979 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $285k).
• Cap rate 12.2% 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.
• Zoned schools: Shore Acres Elementary School (math 61% / reading 52%, grade C+, #816 of 2,144 statewide, top 39%, 709 students, 46% FRL); Northeast High School (math 35% / reading 47%, grade F, #289 of 667 statewide, top 44%, 1,736 students, 50% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: Rents soft (-2.2%/yr); 383 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 $3,965/mo this rent would consume 71% of the median local household income ($67k/yr) (locally 1000% 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 $9k 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 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts; this cycle's ask has dropped $94k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $285,000

Questions for the listing agent

1. Built in 1974 — 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: 1.39% ✓
• Cap rate: 12.21%
• Cash-on-cash: 21.14%
• DSCR: 1.94
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $559,710
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1924 62nd Ave NE	0.00mi	4/3.0	2,080 (+0%)	0mo	$245,000	$118	99
6000 Denver St NE	0.21mi	4/3.0	2,033 (-2%)	11mo	$290,000	$143	77
5700 Venetian Blvd NE	0.37mi	4/3.0	2,171 (+5%)	2mo	$539,000	$248	73
2043 Tanglewood Way NE	0.38mi	4/2.0	1,902 (-8%)	4mo	$685,000	$360	61
7255 18th St NE	0.56mi	4/2.0	2,157 (+4%)	3mo	$730,000	$338	61
5342 Dover St NE	0.61mi	4/2.0	2,062 (-0%)	8mo	$333,000	$161	60
1870 Nebraska Ave NE	0.72mi	4/2.0	2,000 (-4%)	2mo	$539,000	$270	55
5254 Venetian Blvd NE	0.65mi	4/3.0	1,861 (-10%)	4mo	$360,000	$193	50
1845 72nd Ave NE	0.50mi	3/2.0 (-1)	1,850 (-11%)	3mo	$725,000	$392	47
5201 Denver St NE	0.74mi	4/3.0	1,880 (-9%)	4mo	$540,000	$287	47
1443 54th Ave NE	0.58mi	4/2.0	2,246 (+8%)	10mo	$565,000	$252	47
5213 Venetian Blvd NE	0.71mi	3/2.0 (-1)	1,944 (-6%)	3mo	$635,000	$327	45

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: 1.6%
• Equity multiple: 1.06×
• Total profit: $4,752
• Equity at exit: $42,494

10-year hold

• IRR: 7.8%
• Equity multiple: 1.50×
• Total profit: $40,260
• Equity at exit: $24,642

Cash invested: $79,800 (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 33702

• Rents YoY: -2.2%
• Active inventory: 383
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $3,965 high
• Mortgage (P&I): −$1,495
• Tax from tax record: −$113 /mo · $1,356/yr
• Insurance: −$119
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$833
• Net cashflow: $979

Break-even live

Break-even rent $2,725

Max offer price $285,000

Occupancy floor 70%

Sensitivity live

Price	-10% $1,141	-5% $1,060	+0% $979	+5% $899	+10% $818
Rent	-10% $666	-5% $823	+0% $979	+5% $1,136	+10% $1,293
Rate	-1.0pp $1,123	-0.5pp $1,052	base $979	+0.5pp $906	+1.0pp $830

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	5d	1	0.16mi
6016 18th St NE Saint Petersburg, FL	4.0	2.0	1692	$3,900	$2.30	5d	1	0.26mi
1640 Cape Hope Ave NE #4 Saint Petersburg, FL	4.0	3.0	1610	$3,400	$2.11	25d	1	0.29mi
5840 Tanglewood Dr NE Saint Petersburg, FL	4.0	3.0	1680	$3,150	$1.88	5d	1	0.32mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	4d	1	0.46mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	5d	1	0.49mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	2d	1	0.49mi
5273 Denver St NE Saint Petersburg, FL	4.0	2.0	2262	$3,875	$1.71	25d	1	0.65mi
1935 Shore Acres Blvd NE St Petersburg, FL	4.0	3.5	2926	$8,500	$2.90	25d	1	0.86mi
1070 Sanabel Ct NE Saint Petersburg, FL	3.0	3.0	1804	$4,500	$2.49	25d	1	1.15mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	15d	1	1.35mi

Listing history 5 events

1. 2026-05-06
   status Pending
2. 2026-04-30
   status Active
3. 2026-04-30
   price $285,000
4. 2026-03-27
   status Pending
5. 2026-03-21
   listed $379,000 Active

ⓘ 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: $1,356 · $113/mo
• Projected year-2 tax: $2,366 · $197/mo
• Expected delta: +$1,010/yr (+$84/mo · 74.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 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: $47,579
• − Mortgage interest: −$15,964
• − Property taxes: −$1,356
• − Insurance: −$6,544
• − Repairs & maintenance: −$3,806
• − Management: −$3,806
• − Depreciation: −$8,291
• Taxable income: $7,812
• Est. tax owed @ 24.0%: −$1,875
• After-tax cash flow: $9,879/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): 31,294
• Household income: $67,463
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 1000.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 12% Two or more races 10% Black 6% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, Jamaica
• Languages at home: 83% English-only · Spanish 8% Russian/Polish/Slavic 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: ▼ -516.17%
• Current HPI: 347.1781
• Rent YoY: ▼ -2.22%
• 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

-24.8% since first listed

5 events — show timeline

• 2026-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Price Changed $285,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-21 Listed $379,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-7.5%/yr

Latest (2025): $1,356 · -30.3% YoY. Source: county tax records.