5500 Bayou Grande Blvd NE · St. Petersburg, FL 33703

$400,000

3 bd · 2.0 ba · 1,408 sqft · SingleFamily public records · 453 Days on market

Built 1968 10,720 sqft lot Est $314k · 27% over ↓ 11% since listing

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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 +21.9/30.0
• DSCR +7.0/10.0
• 1% rule +4.5/10.0
• Schools +4.3/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

* * HOME FLOODED DUE TO HURRICANE HELENE * * THIS HOME HAS BEEN REMEDIATED AND READY FOR REHAB * * Being sold for land value, complete renovation, raise or rebuild. Amazing Investment Opportunity!! This 3 bed, 2 bath, pool home is being sold AS-IS, CASH ONLY, NO Assignable contracts, NO subject to. Seller cannot warrant any aspects of this property. Roof replaced 2023. Located in the desirable Shore Acres Neighborhood on an expansive corner lot. .. nearly 1/4 acre! Surrounded by multi million dollar waterfront homes. Minutes from the Shore Acres recreation center, a brand new YMCA facility, parks, restaurants, shopping and the bustling Downtown St. Petersburg.

Key facts

• Complete renovation
• Expansive corner lot
• Roof replaced

Tags

• EXPANSIVE CORNER LOT
• ROOF REPLACED
• COMPLETE RENOVATION
• SHORE ACRES NEIGHBORHOOD
• MINUTES FROM RECREATION CENTER
• BRAND NEW YMCA FACILITY

Property features AI

Finance

• Other: Total lot approximately 0.24 acres (about 996 sq meters); Building total area approximately 2,603
• Financial info: Lease restrictions apply
• HOA & community: No HOA association listed

Exterior

• Parking: Circular driveway; Driveway; Attached 2-car garage
• Utilities: Public water; Public sewer; Electricity available; Natural gas available and connected; Water service available
• Home design: Single-family residence; Residential property; One story; Southeast facing; Homesteaded
• Construction: Block, brick and vinyl siding construction; Shingle roof; Block and slab foundation; Built with approximately 1,408 living area (public records)
• Exterior features: Covered patio/porch; Rear porch; Screened porch; Side porch; Sliding doors; Gunite in-ground pool with screen enclosure; Irrigation system; Corner lot; Oversized lot; Sidewalks; Paved road

Interior

• Kitchen: No appliances listed
• Bedrooms: 3 bedrooms
• Flooring: Tile; Terrazzo
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry located in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $206 ($2k/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 $382k (4.6% below list).
• Recommended offer: $352k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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 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.
• Zoned schools: Shore Acres Elementary School (math 61% / reading 52%, grade C+, #816 of 2,144 statewide, top 39%, 709 students, 46% FRL); Meadowlawn Middle School (math 29% / reading 30%, grade F, #469 of 571 statewide, top 84%, 832 students, 69% FRL); Northeast High School (math 35% / reading 47%, grade F, #289 of 667 statewide, top 44%, 1,736 students, 50% FRL).
• Market conditions: Rents rising (+2.2%/yr); 457 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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).
• At $3,815/mo this rent would consume 48% of the median local household income ($95k/yr) (locally 509% 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 $3k of loan paydown is wiped out by about $12k 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 453 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.

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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $352,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 453 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.95% ✗
• Cap rate: 8.19%
• Cash-on-cash: 6.78%
• DSCR: 1.30
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $313,984
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6001 19th St NE	0.28mi	3/2.0	1,432 (+2%)	4mo	$529,000	$369	80
5428 Denver St NE	0.11mi	2/2.0 (-1)	1,372 (-3%)	6mo	$261,000	$190	80
5523 18th St NE	0.23mi	3/2.0	1,384 (-2%)	9mo	$527,000	$381	79
6000 19th St NE	0.30mi	3/2.0	1,556 (+10%)	2mo	$525,000	$337	67
1850 Oregon Ave NE	0.25mi	3/2.0	1,276 (-9%)	9mo	$190,000	$149	65
1798 New Hampshire Ave NE	0.36mi	4/2.0 (+1)	1,296 (-8%)	3mo	$187,000	$144	62
1899 Shore Acres Blvd NE	0.45mi	3/2.0	1,560 (+11%)	0mo	$575,000	$369	61
1875 Michigan Ave NE	0.57mi	3/2.0	1,274 (-10%)	2mo	$339,990	$267	56
1524 Carson Cir NE	0.75mi	3/2.0	1,439 (+2%)	8mo	$300,000	$208	55
1875 Mississippi Ave NE	0.52mi	3/2.0	1,264 (-10%)	6mo	$162,500	$129	53
6034 Bayou Grande Blvd NE	0.29mi	2/1.0 (-1)	1,209 (-14%)	11mo	$270,000	$223	44
1751 Massachusetts Ave NE	0.60mi	2/2.0 (-1)	1,248 (-11%)	10mo	$215,000	$172	40

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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -13.7%
• Equity multiple: 0.51×
• Total profit: $-54,621
• Equity at exit: $59,641

10-year hold

• IRR: -6.1%
• Equity multiple: 0.62×
• Total profit: $-42,478
• Equity at exit: $34,585

Cash invested: $112,000 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $3,815 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$117 /mo · $1,405/yr
• Insurance: −$167
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$801
• Net cashflow: $206

Break-even live

Break-even rent $3,554

Max offer price $400,000

Occupancy floor 90%

Sensitivity live

Price	-10% $432	-5% $319	+0% $206	+5% $93	+10% $-20
Rent	-10% $-95	-5% $55	+0% $206	+5% $357	+10% $507
Rate	-1.0pp $407	-0.5pp $308	base $206	+0.5pp $102	+1.0pp $-3

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: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	18d	1	0.02mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	6d	1	0.06mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	4d	1	0.06mi
1733 Bayou Grande Blvd NE Saint Petersburg, FL	2.0	1.0	1735	$4,750	$2.74	26d	1	0.11mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	6d	1	0.13mi
5840 Tanglewood Dr NE Saint Petersburg, FL	4.0	3.0	1680	$3,150	$1.88	6d	1	0.23mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	6d	1	0.28mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1335	$3,299	$2.47	0d	1	0.28mi
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	6d	1	0.34mi
6016 18th St NE Saint Petersburg, FL	4.0	2.0	1692	$3,900	$2.30	6d	1	0.37mi
1885 Shore Acres Blvd NE Saint Petersburg, FL	3.0	2.0	1040	$2,498	$2.40	16d	1	0.42mi
1867 Michigan Ave NE Saint Petersburg, FL	2.0	1.0	1044	$2,349	$2.25	6d	1	0.54mi
1640 Cape Hope Ave NE #4 Saint Petersburg, FL	4.0	3.0	1610	$3,400	$2.11	26d	1	0.75mi
4560 Overlook Dr NE #167 Saint Petersburg, FL	2.0	1.5	1015	$2,050	$2.02	26d	1	0.76mi
4480 Overlook Dr NE #17 Saint Petersburg, FL	2.0	2.0	1145	$2,250	$1.97	22d	1	0.79mi
4227 Helena St NE Saint Petersburg, FL	2.0	1.0	1134	$3,200	$2.82	6d	1	0.85mi
4165 13th Ln NE Saint Petersburg, FL	2.0	2.0	1438	$4,700	$3.27	6d	1	0.93mi
4095 14th St NE Saint Petersburg, FL	2.0	2.0	1791	$3,795	$2.12	6d	1	0.94mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	6d	1	1.00mi
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	15d	1	1.01mi
4011 Helena St NE St Petersburg, FL	3.0	1.5	1005	$2,500	$2.49	26d	1	1.02mi
3901 Helena St NE Saint Petersburg, FL	3.0	2.0	1195	$2,590	$2.17	15d	1	1.09mi
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	6d	1	1.14mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	26d	1	1.20mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	16d	1	1.23mi
3600 Alabama Ave NE Saint Petersburg, FL	2.0	1.0	943	$2,700	$2.86	26d	1	1.24mi
617 Segovia Ct NE Saint Petersburg, FL	2.0	2.5	1420	$2,950	$2.08	26d	1	1.25mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,919	$3.18	5d	26	1.28mi
517 Hampton Ave NE St Petersburg, FL	3.0	2.0	896	$2,950	$3.29	26d	1	1.30mi
5516 Pine Cir NE Saint Petersburg, FL	3.0	1.0	1205	$2,500	$2.07	6d	1	1.31mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	6d	1	1.31mi
4843 Napoli Ct NE Saint Petersburg, FL	2.0	2.5	1210	$3,000	$2.48	0d	1	1.33mi
4920 Locust St NE St. Petersburg, FL	2.0	2.0	1035	$1,825	$1.76	26d	1	1.45mi

Listing history 4 events

1. 2026-05-31
   days on market $400,000 Active 453 DOM
2. 2026-04-22
   price $400,000
3. 2025-03-18
   price $425,000
4. 2025-03-04
   listed $450,000 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: $1,405 · $117/mo
• Projected year-2 tax: $3,320 · $277/mo
• Expected delta: +$1,915/yr (+$160/mo · 136.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 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: $45,781
• − Mortgage interest: −$22,406
• − Property taxes: −$1,405
• − Insurance: −$7,118
• − Repairs & maintenance: −$3,662
• − Management: −$3,662
• − Depreciation: −$11,636
• Taxable loss: −$4,110
• Est. tax savings @ 24.0%: +$986
• After-tax cash flow: $3,458/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): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% 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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

-11.1% since first listed

3 events — show timeline

• 2026-04-22 Price Changed $400,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-18 Price Changed $425,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-04 Listed $450,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-7.7%/yr

Latest (2023): $1,405 · -2.1% YoY. Source: county tax records.