5924 5th Ave N #7 · St. Petersburg, FL 33710

$90,000

1 bd · 1.0 ba · 605 sqft · Condo public records · 20 Days on market

Built 1965 $329/mo HOA · 22% of rent

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Why this score? — see what drove the C+ 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 +26.2/30.0
• 1% rule +10.0/10.0
• DSCR +8.9/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Renovated 1-bedroom, 1-bath condo featuring a spacious 13x7 bonus room perfect for a home office or nursery, plus convenient in-unit laundry. This roomy unit offers an updated kitchen, vinyl plank flooring, and a large pantry located just across the hall. The bathroom has been updated with new tile, and brand-new carpet runs throughout the condo. The oversized primary bedroom easily accommodates a king-size bed and features generous wall-to-wall closet space. Assigned parking is conveniently located behind the unit and ideally situated near Tyrone Square Mall, shopping, dining, and the beautiful Gulf beaches. Owner financing available with 30%+ down.

Key facts

• Bonus room
• In-unit laundry
• Updated kitchen

Tags

• BONUS ROOM
• IN-UNIT LAUNDRY
• UPDATED KITCHEN
• LARGE PANTRY
• UPDATED BATHROOM
• OVERSIZED PRIMARY BEDROOM

Property features AI

Finance

• Other: Third-party listing; Directions: From 58th St N and 5th Ave N head West on 5th Ave then turn left into the parking lot near Tyrone Blvd. Condo is on the 2nd floor.
• Financial info: Monthly land lease: $145; Total monthly fees: $329; Total annual fees: $3,948; Lease restrictions apply
• HOA & community: HOA: Ameritech/Scott Vignery; Monthly condo fee: $329 (includes cable TV, pest control, sewer, trash, water); Association approval required; Community features: sidewalks; Pets: cats allowed

Exterior

• Parking: Parking lot access (unit located near Tyrone Blvd entrance)
• Utilities: Public water; Public sewer; Cable available and connected; BB/HS internet available; Electricity available and connected; Water available and connected; Sewer available and connected
• Home design: Condominium residence; One-story building; unit on second floor; East-facing
• Construction: Block construction; Other roof; Block foundation; Building name/number: A
• Exterior features: Balcony; Sidewalks; Asphalt road access

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 1 bedroom (second-floor unit)
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air; Wall/window unit(s)
• Interior features: Cathedral ceilings; Bonus room; Three total rooms
• Laundry & utility: Washer hookup; Washer hookup in laundry closet; Electric dryer hookup; Inside laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $89k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.4% 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 C — 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: Azalea Elementary School (math 57% / reading 52%, grade C, #892 of 2,144 statewide, top 44%, 507 students, 60% FRL); Boca Ciega High School (math 24% / reading 33%, grade F, #458 of 667 statewide, top 69%, 1,423 students, 64% FRL).
• Market conditions: Rents soft (-0.5%/yr); 313 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 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 20 days — a 2% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $21k; list at $90k implies a 329% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,650 (1.5% below list)

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 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: 1.64% ✓
• Cap rate: 9.36%
• Cash-on-cash: 10.96%
• DSCR: 1.49
• GRM: 5.1

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: -4.5%
• Equity multiple: 0.84×
• Total profit: $-4,044
• Equity at exit: $13,419

10-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-526
• Equity at exit: $7,782

Cash invested: $25,200 (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: 5.1×

Monthly cashflow live

• Estimated rent: $1,480 high
• Mortgage (P&I): −$472
• Tax from tax record: −$101 /mo · $1,208/yr
• Insurance: −$38
• HOA: −$329
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $230

Break-even live

Break-even rent $1,189

Max offer price $90,000

Occupancy floor 79%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
810 Tyrone Blvd N Unit G-2 St. Petersburg, FL	1.0	1.0	600	$1,195	$1.99	24d	1	0.22mi
5821 8th Ave N Unit 203 St. Petersburg, FL	1.0	1.0	635	$1,195	$1.88	24d	1	0.25mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	7d	1	0.42mi
5434 9th Ave N Unit A St. Petersburg, FL	1.0	1.0	576	$1,400	$2.43	24d	1	0.53mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	24d	1	0.53mi
6256 3rd Ave S Saint Petersburg, FL	1.0	1.0	600	$1,749	$2.92	24d	1	0.74mi
5042 7th Ave N Unit Pool House St. Petersburg, FL	1.0	1.0	475	$1,500	$3.16	24d	1	0.79mi
555 62nd St S Unit 102 St. Petersburg, FL	1.0	1.0	640	$1,300	$2.03	13d	1	0.85mi
555 62nd St S Unit 103 St. Petersburg, FL	1.0	1.0	640	$1,375	$2.15	24d	1	0.85mi
5991 Fairfield Ave S Unit 4 St. Petersburg, FL	1.0	1.0	690	$1,600	$2.32	24d	1	0.87mi
6565 5th Ave S Saint Petersburg, FL	1.0–2.0	1.0–2.0	730	$1,495	$2.05	24d	1	1.01mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,449	$1.87	7d	3	1.02mi
118 48th St N Unit A St. Petersburg, FL	2.0	1.0	680	$1,800	$2.65	24d	1	1.05mi
4720 7th Ave N Unit B St. Petersburg, FL	1.0	1.0	520	$1,600	$3.08	24d	1	1.08mi
5011 Emerson Ave S Saint Petersburg, FL	1.0	1.0	600	$1,450	$2.42	24d	1	1.13mi
1699 68th St N Saint Petersburg, FL	3.0	1.0–2.0	775	$1,661	$2.14	2d	43	1.35mi
1100 70th St N Unit 4 St. Petersburg, FL	1.0	1.0	700	$1,125	$1.61	3d	1	1.37mi
1240 70th St N Unit 7 St. Petersburg, FL	1.0	1.0	725	$1,300	$1.79	24d	1	1.40mi
1240 70th St N #9 St. Petersburg, FL	1.0	1.0	725	$1,275	$1.76	20d	1	1.40mi
5680 28th Ave N Unit 1 St. Petersburg, FL	1.0	1.0	450	$1,500	$3.33	24d	1	1.41mi
1260 70th St N Unit 3 St. Petersburg, FL	1.0	1.0	725	$1,275	$1.76	14d	1	1.41mi
1260 70th St N Unit 3 St. Petersburg, FL	1.0	1.0	725	$1,275	$1.76	13d	1	1.41mi
4719 21st Ave N Saint Petersburg, FL	2.0	1.0	672	$1,800	$2.68	24d	1	1.44mi
4226 5th Ave N Unit B St. Petersburg, FL	—	1.0	450	$1,750	$3.89	14d	1	1.48mi

HOA detail condo

• Monthly dues: $329 · $3,948/yr
• Likely covers: parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-06-18
   days on market $90,000 Active 20 DOM
2. 2026-06-17
   days on market $90,000 Active 19 DOM
3. 2026-06-16
   days on market $90,000 Active 18 DOM
4. 2026-06-15
   days on market $90,000 Active 17 DOM
5. 2026-06-13
   days on market $90,000 Active 15 DOM
6. 2026-06-09
   days on market $90,000 Active 11 DOM
7. 2026-06-08
   days on market $90,000 Active 10 DOM
8. 2026-06-07
   days on market $90,000 Active 9 DOM
9. 2026-06-04
   days on market $90,000 Active 6 DOM
10. 2026-06-03
    days on market $90,000 Active 5 DOM
11. 2026-06-02
    days on market $90,000 Active 4 DOM
12. 2026-06-01
    days on market $90,000 Active 3 DOM
13. 2026-05-31
    days on market $90,000 Active 2 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: $1,208 · $101/mo
• Projected year-2 tax: $1,208 · $101/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 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 · 25 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: $17,762
• − Mortgage interest: −$5,041
• − Property taxes: −$1,208
• − Insurance: −$450
• − Repairs & maintenance: −$1,421
• − Management: −$1,421
• − HOA: −$3,948
• − Depreciation: −$2,618
• Taxable income: $1,654
• Est. tax owed @ 24.0%: −$397
• After-tax cash flow: $2,365/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

+328.6% since first listed

2 events — show timeline

• 2026-05-29 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2002-01-02 Sold (Public Records) $21,000 Public Records

Property tax history

+10.6%/yr

Latest (2025): $1,208 · +5.8% YoY. Source: county tax records.