5725 12th Ave N Unit 201D · St. Petersburg, FL 33710

$115,000

2 bd · 2.0 ba · 1,029 sqft · Condo public records · 187 Days on market

Built 1969 $966/mo HOA · 48% of rent

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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).

• 1% rule +10.0/10.0
• Cash flow +9.7/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +2.7/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Under Contract-Taking Backups!! Light & Bright 55+, 2nd Floor Corner Unit: Elevator, Assigned Covered Carport, 2 Spacious Bedrooms, 2 Baths and Bonus Room that overlooks the Courtyard. Both bedrooms feature large closets. Bonus Room can be used as an office, sitting/lounging or exercise room. The Galley style kitchen has lots of storage and counter space. Condo offers Community Courtyard for gatherings or just relaxing in the Florida Sunshine. Walk to Grocery Store and 5 minutes to Mall, Restaurants and Shopping, only 10-15 minutes to the most beautiful Beaches in the country and 10 minutes to Downtown St Pete. If you don't drive, utilize the bus line only steps away. This 1025 sq ft floor-plan is rarely available with large windows on three sides of the unit. CALL AGENT for showings or more info!!

Key facts

• Galley-style kitchen
• Laundry room
• Bonus room

Tags

• GALLEY-STYLE KITCHEN
• BONUS ROOM
• COMMUNITY COURTYARD
• LAUNDRY ROOM
• ELEVATOR ACCESS
• ASSIGNED COVERED CARPORT

Property features AI

Finance

• Other: Irrigation equipment present; Road surface: asphalt/paved
• Financial info: Total monthly fees reported about $966.24; total annual fees about $11,594.88; Lease restrictions apply
• HOA & community: HOA managed by Professional Bayway Management; Monthly association fee approximately $808.24 (includes common area taxes, escrow/reserves, insurance, structure maintenance, grounds maintenance, management, pest control, private road, sewer, trash, water); Condo fee $158 monthly; Association approval required; Buyer approval required; Community mailbox, sidewalks and street lights; Senior community; Pets allowed (cats and dogs) with max pet weight about 30 lbs

Exterior

• Parking: Carport (1 space)
• Utilities: Public sewer; No water source specified; Cable connected; Electricity connected; Fire hydrant nearby; Public utilities
• Home design: Condominium; Residential property; Second-floor unit; Faces south; Three or more levels in building; Single-story unit entry
• Construction: Block and stucco construction; Built-up, membrane and shingle roof; Concrete perimeter foundation; Slab foundation; Building name: Tyrone Garden Apartments 2; Built as condominium
• Exterior features: Exterior lighting; Sidewalk; Metered sprinkler system; Storage

Interior

• Kitchen: Convection oven; Cooktop; Range; Microwave; Dishwasher; Disposal; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms (unit on 2nd floor)
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open living/dining room (living room/dining room combo); Split bedroom floorplan; Thermostat; Building has elevator
• Laundry & utility: Common area laundry; Electric dryer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $115k.

Deal economics

• At list price, monthly cash flow is $-76 ($-912/yr) — negative.
• To cash-flow at today's rent, offer at most $102k (11.7% below list).
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.5% 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 (-0.5%/yr); 313 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 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 30% of the median local income ($79k/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 $795 of loan paydown is wiped out by about $3k 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 187 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $30k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $51k; list at $115k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 48% of rent.
• Climate carrying-cost: 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 $101,200 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 187 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.74% ✓
• Cap rate: 5.50%
• Cash-on-cash: -2.83%
• DSCR: 0.87
• GRM: 4.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -28.2%
• Equity multiple: 0.11×
• Total profit: $-28,767
• Equity at exit: $17,147

10-year hold

• IRR: -81.6%
• Equity multiple: -0.60×
• Total profit: $-51,619
• Equity at exit: $9,943

Cash invested: $32,200 (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 33710

• Rents YoY: -0.5%
• Active inventory: 313
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,995 high
• Mortgage (P&I): −$603
• Tax from tax record: −$35 /mo · $424/yr
• Insurance: −$48
• HOA: −$966
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $-76

Break-even live

Break-even rent $2,092

Max offer price $101,571

Occupancy floor 99%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1108 Winchester Rd N St Petersburg, FL	3.0	1.0	1011	$1,800	$1.78	20d	1	0.37mi
5330 11th Ave N Saint Petersburg, FL	2.0	1.0	756	$1,800	$2.38	4d	1	0.38mi
5318 9th Ave N Saint Petersburg, FL	3.0	2.0	1142	$2,600	$2.28	4d	1	0.44mi
5521 5th Ave N Saint Petersburg, FL	2.0	1.0	952	$1,750	$1.84	4d	1	0.49mi
5860 22nd Ave N Apt 5 St. Petersburg, FL	2.0	1.0	800	$1,300	$1.62	24d	1	0.51mi
5900 22nd Ave N Unit 1 St. Petersburg, FL	3.0	2.0	1100	$1,999	$1.82	18d	1	0.51mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,899	$2.45	8d	3	0.51mi
5900 22nd Ave N Saint Petersburg, FL	3.0	1.0	1100	$1,950	$1.77	4d	1	0.51mi
5900 22nd Ave N Unit 14 St. Petersburg, FL	2.0	1.0	1000	$1,650	$1.65	14d	1	0.51mi
441 57th St N Saint Petersburg, FL	2.0	1.0	1160	$1,950	$1.68	3d	1	0.52mi
2176 Winchester Rd N #2 Saint Petersburg, FL	3.0	2.0	1080	$2,250	$2.08	15d	1	0.55mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	8d	1	0.59mi
5919 4th Ave N Saint Petersburg, FL	2.0	1.0	1053	$2,650	$2.52	4d	1	0.60mi
6080 22nd Ave N #3 Saint Petersburg, FL	2.0	2.0	890	$1,825	$2.05	24d	1	0.61mi
6080 22nd Ave N #3 Saint Petersburg, FL	2.0	2.0	900	$1,825	$2.03	4d	1	0.61mi
6080 22nd Ave N #5 Saint Petersburg, FL	2.0	2.0	890	$1,725	$1.94	24d	1	0.61mi
5545 3rd Ave N Saint Petersburg, FL	2.0	1.0	962	$2,400	$2.49	4d	1	0.66mi
4942 Oxford Ave N Saint Petersburg, FL	2.0	1.0	776	$1,700	$2.19	24d	1	0.70mi
630 50th St N Saint Petersburg, FL	2.0	1.0	1085	$2,070	$1.91	24d	1	0.74mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	24d	1	0.78mi
5762 2nd Ave N Saint Petersburg, FL	2.0	1.0	843	$2,000	$2.37	4d	1	0.79mi
6366 Hampton Dr N Saint Petersburg, FL	3.0	1.0	924	$1,995	$2.16	4d	1	0.85mi
2819 53rd St N Saint Petersburg, FL	2.0	1.0	900	$1,995	$2.22	4d	1	0.98mi
1101 46th St N Saint Petersburg, FL	2.0	1.0	1300	$2,300	$1.77	4d	1	1.00mi
5050 2nd Ave N Saint Petersburg, FL	2.0	1.0	816	$1,495	$1.83	4d	1	1.00mi
4594 10th Ave N Saint Petersburg, FL	3.0	2.0	1432	$3,100	$2.16	24d	1	1.01mi
4526 6th Ave N Saint Petersburg, FL	2.0	1.0	888	$1,950	$2.20	4d	1	1.15mi
5034 2nd Ave S Unit A St. Petersburg, FL	2.0	1.0	1062	$1,950	$1.84	4d	1	1.21mi
5055 3rd Ave S Saint Petersburg, FL	3.0	2.0	1254	$2,100	$1.67	4d	1	1.22mi
6221 5th Ave S Saint Petersburg, FL	3.0	2.0	924	$2,050	$2.22	4d	1	1.31mi
1699 68th St N Saint Petersburg, FL	3.0	1.0–2.0	775	$1,975	$2.55	2d	43	1.32mi
5156 5th Ave S Saint Petersburg, FL	3.0	1.0	1139	$1,995	$1.75	24d	1	1.34mi
1803 42nd Way N Saint Petersburg, FL	2.0	2.0	1421	$4,200	$2.96	24d	1	1.35mi
4148 11th Ave N Saint Petersburg, FL	2.0	1.0	806	$2,000	$2.48	24d	1	1.35mi
4136 13th Ave N Saint Petersburg, FL	3.0	2.0	1154	$2,600	$2.25	11d	1	1.37mi
4227 5th Ave N Saint Petersburg, FL	2.0	1.0	930	$2,100	$2.26	4d	1	1.37mi
641 Folsom St S Saint Petersburg, FL	2.0	1.0	852	$2,250	$2.64	22d	1	1.37mi
555 62nd St S Unit 110 St. Petersburg, FL	2.0	2.0	960	$1,735	$1.81	14d	1	1.37mi
4948 5th Ave S Saint Petersburg, FL	3.0	1.5	1379	$2,450	$1.78	4d	1	1.40mi
4218 24th Ave N Saint Petersburg, FL	2.0	1.0	1121	$1,925	$1.72	4d	1	1.41mi

HOA detail condo

• Monthly dues: $966 · $11,592/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-05-15
   status Pending
2. 2026-04-01
   price $115,000
3. 2026-03-03
   price $120,000
4. 2026-03-01
   status Active
5. 2026-02-28
   historical
6. 2026-02-19
   price $125,000
7. 2026-01-30
   price $129,000
8. 2026-01-08
   price $135,000
9. 2025-12-01
   price $139,000
10. 2025-11-08
    listed $145,000 Active
11. 2016-12-28
    soldstatus $51,000
12. 2016-12-23
    soldstatus $51,000 Sold 815-char remark

    Show marketing remark (815 chars)

    Under Contract-Taking Backups!! Light & Bright 55+, 2nd Floor Corner Unit: Elevator, Assigned Covered Carport, 2 Spacious Bedrooms, 2 Baths and Bonus Room that overlooks the Courtyard. Both bedrooms feature large closets. Bonus Room can be used as an office, sitting/lounging or exercise room. The Galley style kitchen has lots of storage and counter space. Condo offers Community Courtyard for gatherings or just relaxing in the Florida Sunshine. Walk to Grocery Store and 5 minutes to Mall, Restaurants and Shopping, only 10-15 minutes to the most beautiful Beaches in the country and 10 minutes to Downtown St Pete. If you don't drive, utilize the bus line only steps away. This 1025 sq ft floor-plan is rarely available with large windows on three sides of the unit. CALL AGENT for showings or more info!!

13. 2016-12-07
    status Pending 815-char remark

    Show marketing remark (815 chars)

    Under Contract-Taking Backups!! Light & Bright 55+, 2nd Floor Corner Unit: Elevator, Assigned Covered Carport, 2 Spacious Bedrooms, 2 Baths and Bonus Room that overlooks the Courtyard. Both bedrooms feature large closets. Bonus Room can be used as an office, sitting/lounging or exercise room. The Galley style kitchen has lots of storage and counter space. Condo offers Community Courtyard for gatherings or just relaxing in the Florida Sunshine. Walk to Grocery Store and 5 minutes to Mall, Restaurants and Shopping, only 10-15 minutes to the most beautiful Beaches in the country and 10 minutes to Downtown St Pete. If you don't drive, utilize the bus line only steps away. This 1025 sq ft floor-plan is rarely available with large windows on three sides of the unit. CALL AGENT for showings or more info!!

14. 2016-12-02
    listed $55,000 Active 815-char remark

    Show marketing remark (815 chars)

    Under Contract-Taking Backups!! Light & Bright 55+, 2nd Floor Corner Unit: Elevator, Assigned Covered Carport, 2 Spacious Bedrooms, 2 Baths and Bonus Room that overlooks the Courtyard. Both bedrooms feature large closets. Bonus Room can be used as an office, sitting/lounging or exercise room. The Galley style kitchen has lots of storage and counter space. Condo offers Community Courtyard for gatherings or just relaxing in the Florida Sunshine. Walk to Grocery Store and 5 minutes to Mall, Restaurants and Shopping, only 10-15 minutes to the most beautiful Beaches in the country and 10 minutes to Downtown St Pete. If you don't drive, utilize the bus line only steps away. This 1025 sq ft floor-plan is rarely available with large windows on three sides of the unit. CALL AGENT for showings or more info!!

15. 1987-09-10
    soldstatus $43,000

ⓘ 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: $424 · $35/mo
• Projected year-2 tax: $954 · $80/mo
• Expected delta: +$531/yr (+$44/mo · 125.1%)

ⓘ 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 · 27 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: $23,944
• − Mortgage interest: −$6,442
• − Property taxes: −$424
• − Insurance: −$575
• − Repairs & maintenance: −$1,916
• − Management: −$1,916
• − HOA: −$11,592
• − Depreciation: −$3,345
• Taxable loss: −$2,265
• Est. tax savings @ 24.0%: +$544
• After-tax cash flow: $-369/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): 33,796
• Household income: $78,611
• Rent vs Own: 18.1% rent · 81.9% own
• Severe rent burden: 542.0

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 (77%)
• Race & ethnicity: White 77% Two or more races 10% Hispanic / Latino 9% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -547.31%
• Current HPI: 405.0731
• Rent YoY: ▼ -0.48%
• 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

+167.4% since first listed

15 events — show timeline

• 2026-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Price Changed $129,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-08 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-01 Price Changed $139,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-08 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2016-12-28 Sold (Public Records) $51,000 Public Records
• 2016-12-23 Sold (MLS) $51,000 Stellar MLS as Distributed by MLS Grid
• 2016-12-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-12-02 Listed $55,000 Stellar MLS as Distributed by MLS Grid
• 1987-09-10 Sold (Public Records) $43,000 Public Records

Property tax history

-1.4%/yr

Latest (2025): $424 · +4.7% YoY. Source: county tax records.