550 40th St S · St. Petersburg, FL 33711

$260,000

3 bd · 1.0 ba · 1,018 sqft · SingleFamily public records · 58 Days on market

Built 1948 7,527 sqft lot Est $307k · 15% under

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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 +20.4/30.0
• ARV discount +14.4/15.0
• DSCR +6.5/10.0
• Schools +4.3/10.0
• 1% rule +4.1/10.0
• 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

Beautiful Floral colored home with a huge backyard and well maintained interior room. Knock down style walls. French doors and a combination wood and ceramic floors. Allowing for a fresh crisp starting point to add to your own creativity of decorating with various options of design. Although on the avenue traffic flow is light except for peak hours of the day. On one side of the house is lined with manicured hedges and the other is the one car garage for easy access. The entrance to the hall and bedroomsis an arch door way a touch of vintage. The house is located centrally close to Stores, schools , restaurants, the gulf beaches and the Interstate .

Key facts

• Split floor plan
• Subway tile flooring
• Large shed

Tags

• SPACIOUS LIVING ROOM
• SPLIT FLOOR PLAN
• SUBWAY TILE FLOORING
• FULLY FENCED BACKYARD
• LARGE SHED
• ABOVEGROUND POOL

Property features AI

Finance

• Financial info: Lease restrictions apply
• HOA & community: No association; Pets allowed (cats and dogs)

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity available; Cable available; Broadband/high-speed internet available
• Home design: Single-family residence; One story; Faces west; Completed condition
• Construction: Stucco and frame construction; Shingle roof; Crawlspace foundation; Built on a 0.17-acre lot (approximately 71 x 106)
• Exterior features: Outdoor shower; Storage; Shed

Interior

• Kitchen: Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Kitchen and family room combo; Living and dining room combo; Thermostat
• Laundry & utility: Inside laundry room; Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $338 ($4k/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 $236k (9.3% below list).
• Recommended offer: $236k (9.3% below list) — sets the bar for 1% rule.
• Cap rate 7.9% 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.
• 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 11d 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 43% of the median local income ($67k/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

• It's been on market 58 days — a 3% lower offer ($252k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago 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 $62k; list at $260k implies a 319% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• 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 $235,769 (9.3% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.91% ✗
• Cap rate: 7.85%
• Cash-on-cash: 5.56%
• DSCR: 1.25
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $307,436
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4127 12th Ave S	0.46mi	3/1.0	1,032 (+1%)	0mo	$300,000	$291	76
119 37th St S	0.39mi	3/1.0	996 (-2%)	4mo	$268,000	$269	75
4340 3rd Ave S	0.39mi	3/2.0	1,054 (+4%)	6mo	$370,000	$351	67
4610 6th Ave S	0.54mi	3/2.0	1,078 (+6%)	3mo	$337,000	$313	59
4650 Emerson Ave S	0.58mi	2/1.0 (-1)	978 (-4%)	3mo	$322,500	$330	59
4659 9th Ave S	0.65mi	3/2.0	1,060 (+4%)	3mo	$295,000	$278	57
4636 3rd Ave S	0.60mi	3/3.0	1,008 (-1%)	7mo	$410,000	$407	56
4400 3rd Ave S	0.42mi	2/1.0 (-1)	1,135 (+12%)	1mo	$221,900	$196	56
4801 Emerson Ave S	0.70mi	2/2.0 (-1)	1,044 (+3%)	1mo	$315,000	$302	54
4327 3rd Ave S	0.39mi	2/1.0 (-1)	912 (-10%)	8mo	$220,000	$241	52
3336 Carlisle Ave S	0.56mi	2/1.0 (-1)	928 (-9%)	4mo	$240,000	$259	51
4650 2nd Ave S	0.64mi	2/1.5 (-1)	1,146 (+13%)	1mo	$365,000	$318	41

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: -10.7%
• Equity multiple: 0.62×
• Total profit: $-27,674
• Equity at exit: $38,767

10-year hold

• IRR: -5.7%
• Equity multiple: 0.68×
• Total profit: $-23,652
• Equity at exit: $22,480

Cash invested: $72,800 (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 33711

• Rents YoY: -1.5%
• Active inventory: 261
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,358 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$53 /mo · $639/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$495
• Net cashflow: $338

Break-even live

Break-even rent $1,930

Max offer price $260,000

Occupancy floor 81%

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
404 Madison St S Saint Petersburg, FL	3.0	1.0	1391	$2,500	$1.80	4d	1	0.17mi
4018 2nd Ave S Saint Petersburg, FL	3.0	1.0	1176	$2,095	$1.78	4d	1	0.28mi
505 43rd St S Unit 5051/2 St. Petersburg, FL	2.0	1.0	800	$2,000	$2.50	24d	1	0.31mi
3801 1st Ave S Saint Petersburg, FL	2.0	1.0	900	$1,975	$2.19	17d	1	0.39mi
3550 2nd Ave S St. Petersburg, FL	2.0	1.0	720	$2,800	$3.89	24d	1	0.42mi
3421 4th Ave S Saint Petersburg, FL	2.0	1.5	938	$1,805	$1.92	4d	1	0.46mi
201 35th St S Saint Petersburg, FL	2.0	1.0	850	$1,680	$1.98	2d	1	0.46mi
4519 5th Ave S Saint Petersburg, FL	4.0	2.0	1448	$2,900	$2.00	3d	1	0.50mi
4541 6th Ave S Saint Petersburg, FL	3.0	1.0	945	$1,100	$1.16	14d	1	0.50mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	1100	$1,950	$1.77	24d	1	0.50mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	10d	1	0.50mi
4029 13th Ave S St Petersburg, FL	3.0	2.0	1152	$2,650	$2.30	24d	1	0.52mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	4d	1	0.52mi
3823 2nd Ave N Saint Petersburg, FL	2.0	1.0	944	$2,300	$2.44	4d	1	0.57mi
4421 11th Ave S Saint Petersburg, FL	3.0	2.0	945	$2,000	$2.12	4d	1	0.58mi
3844 Burlington Ave N Saint Petersburg, FL	2.0	1.0	828	$1,895	$2.29	20d	1	0.59mi
3653 2nd Ave N Saint Petersburg, FL	2.0	1.0	1024	$2,500	$2.44	24d	1	0.60mi
4537 10th Ave S Saint Petersburg, FL	4.0	2.0	1046	$2,690	$2.57	4d	1	0.61mi
450 47th St S Saint Petersburg, FL	3.0	1.0	960	$2,950	$3.07	4d	1	0.62mi
3535 14th Ave S Saint Petersburg, FL	3.0	1.0	768	$1,650	$2.15	4d	1	0.64mi
1327 43rd St S Saint Petersburg, FL	3.0	1.5	959	$2,250	$2.35	4d	1	0.64mi
4711 Fairfield Ave S Saint Petersburg, FL	3.0	2.0	1135	$2,800	$2.47	4d	1	0.64mi
4736 5th Ave S Saint Petersburg, FL	4.0	1.0	1224	$1,895	$1.55	4d	1	0.67mi
3720 3rd Ave N Unit 1/2 St. Petersburg, FL	3.0	3.0	1392	$3,000	$2.16	24d	1	0.68mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,813	$2.19	7d	1	0.68mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,798	$2.18	4d	1	0.68mi
3145 4th Ave S St. Petersburg, FL	2.0	1.5	938	$2,020	$2.15	24d	1	0.70mi
4700 10th Ave S Unit 1 St. Petersburg, FL	4.0	2.0	1300	$2,650	$2.04	24d	1	0.72mi
4700 10th Ave S Saint Petersburg, FL	3.0	2.0	1300	$2,500	$1.92	20d	1	0.72mi
3750 4th Ave N Saint Petersburg, FL	2.0	1.0	881	$2,100	$2.38	24d	1	0.72mi
626 31st St S Saint Petersburg, FL	3.0	1.0	1040	$2,200	$2.12	3d	1	0.73mi
1227 Fargo St S Unit 1 St. Petersburg, FL	2.0	1.0	780	$1,600	$2.05	24d	1	0.74mi
1543 43rd St S Saint Petersburg, FL	4.0	2.0	1198	$3,495	$2.92	4d	1	0.75mi
3603 16th Ave S Saint Petersburg, FL	4.0	2.0	1235	$3,000	$2.43	4d	1	0.75mi
1147 32nd St S Saint Petersburg, FL	2.0	1.0	780	$1,350	$1.73	14d	1	0.75mi
1642 39th St S Saint Petersburg, FL	3.0	1.0	975	$1,995	$2.05	20d	1	0.76mi
1628 43rd St S Saint Petersburg, FL	3.0	2.0	1045	$2,100	$2.01	24d	1	0.77mi
1665 37th St S Saint Petersburg, FL	3.0	1.0	867	$1,850	$2.13	10d	1	0.78mi
4801 10th Ave S Unit 1 St. Petersburg, FL	3.0	1.0	1100	$2,200	$2.00	24d	1	0.78mi
3435 3rd Ave N Saint Petersburg, FL	1.0–2.0	1.0	772	$1,795	$2.32	2d	4	0.80mi

Listing history 28 events

1. 2026-06-18
   days on market $260,000 Active 58 DOM
2. 2026-06-17
   days on market $260,000 Active 57 DOM
3. 2026-06-16
   days on market $260,000 Active 56 DOM
4. 2026-06-15
   days on market $260,000 Active 55 DOM
5. 2026-06-13
   days on market $260,000 Active 53 DOM
6. 2026-06-09
   days on market $260,000 Active 49 DOM
7. 2026-06-08
   days on market $260,000 Active 48 DOM
8. 2026-06-07
   days on market $260,000 Active 47 DOM
9. 2026-06-04
   days on market $260,000 Active 44 DOM
10. 2026-06-03
    days on market $260,000 Active 43 DOM
11. 2026-06-01
    days on market $260,000 Active 41 DOM
12. 2026-05-31
    days on market $260,000 Active 40 DOM
13. 2026-04-21
    listed $260,000 Active
14. 2014-02-10
    soldstatus $62,000
15. 2014-02-07
    soldstatus $62,000 660-char remark

    Show marketing remark (660 chars)

    Beautiful Floral colored home with a huge backyard and well maintained interior room. Knock down style walls. French doors and a combination wood and ceramic floors. Allowing for a fresh crisp starting point to add to your own creativity of decorating with various options of design. Although on the avenue traffic flow is light except for peak hours of the day. On one side of the house is lined with manicured hedges and the other is the one car garage for easy access. The entrance to the hall and bedroomsis an arch door way a touch of vintage. The house is located centrally close to Stores, schools , restaurants, the gulf beaches and the Interstate .

16. 2013-08-15
    listed $65,000 660-char remark

    Show marketing remark (660 chars)

    Beautiful Floral colored home with a huge backyard and well maintained interior room. Knock down style walls. French doors and a combination wood and ceramic floors. Allowing for a fresh crisp starting point to add to your own creativity of decorating with various options of design. Although on the avenue traffic flow is light except for peak hours of the day. On one side of the house is lined with manicured hedges and the other is the one car garage for easy access. The entrance to the hall and bedroomsis an arch door way a touch of vintage. The house is located centrally close to Stores, schools , restaurants, the gulf beaches and the Interstate .

17. 2012-03-13
    soldstatus $47,500
18. 2012-02-29
    soldstatus $47,500 259-char remark

    Show marketing remark (259 chars)

    Non Short Sale!Fantastic house!lots of charm, wood floors, in fantastic condition, HVAC, Roof & kitchen updated 2008.Move In Condition New Sprinkler system installed in yard. Come see this charming house before someone else snatches it up. Could be 3 Br

19. 2012-01-24
    listed $49,900 259-char remark

    Show marketing remark (259 chars)

    Non Short Sale!Fantastic house!lots of charm, wood floors, in fantastic condition, HVAC, Roof & kitchen updated 2008.Move In Condition New Sprinkler system installed in yard. Come see this charming house before someone else snatches it up. Could be 3 Br

20. 2011-12-12
    soldstatus $35,000
21. 2011-11-29
    soldstatus $35,000
22. 2011-06-07
    listed $35,000
23. 2008-04-21
    soldstatus $63,000
24. 2007-10-01
    listed $73,500
25. 1987-08-24
    soldstatus $43,800
26. 1985-12-01
    soldstatus $35,000
27. 1985-12-01
    soldstatus $48,400
28. 1985-11-01
    soldstatus $28,100

ⓘ 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: $639 · $53/mo
• Projected year-2 tax: $2,158 · $180/mo
• Expected delta: +$1,519/yr (+$127/mo · 237.8%)

ⓘ 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: $28,292
• − Mortgage interest: −$14,564
• − Property taxes: −$639
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,263
• − Management: −$2,263
• − Depreciation: −$7,564
• Taxable loss: −$301
• Est. tax savings @ 24.0%: +$72
• After-tax cash flow: $4,123/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

+825.3% since first listed

16 events — show timeline

• 2026-04-21 Listed $260,000 Stellar MLS as Distributed by MLS Grid
• 2014-02-10 Sold (Public Records) $62,000 Public Records
• 2014-02-07 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2013-08-15 Listed $65,000 Stellar MLS as Distributed by MLS Grid
• 2012-03-13 Sold (Public Records) $47,500 Public Records
• 2012-02-29 Sold (MLS) $47,500 Stellar MLS as Distributed by MLS Grid
• 2012-01-24 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2011-12-12 Sold (Public Records) $35,000 Public Records
• 2011-11-29 Sold (MLS) $35,000 Stellar MLS as Distributed by MLS Grid
• 2011-06-07 Listed $35,000 Stellar MLS as Distributed by MLS Grid
• 2008-04-21 Sold (MLS) $63,000 Stellar MLS as Distributed by MLS Grid
• 2007-10-01 Listed $73,500 Stellar MLS as Distributed by MLS Grid
• 1987-08-24 Sold (Public Records) $43,800 Public Records
• 1985-12-01 Sold (Public Records) $48,400 Public Records
• 1985-12-01 Sold (Public Records) $35,000 Public Records
• 1985-11-01 Sold (Public Records) $28,100 Public Records

Property tax history

-2.5%/yr

Latest (2025): $639 · +7.3% YoY. Source: county tax records.