1421 Prescott St S · St. Petersburg, FL 33712

$258,350

4 bd · 2.0 ba · 1,204 sqft · SingleFamily public records · 156 Days on market

Built 1957 4,796 sqft lot Est $289k · 11% under

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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 +16.0/30.0
• ARV discount +12.3/15.0
• DSCR +4.9/10.0
• Schools +4.3/10.0
• 1% rule +4.2/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all handyman and investors, here is the opportunity of a lifetime. Does need some work, however you just cannot beat the potential. This one comes complete with a large open floor plan. And the location is fantastic, close to shopping, schools, everything. However you will need to phone today, for it's NOT a short sale; it's just priced right and ready for you today. So get to the phone and phone today before it's too late.

Key facts

• Not in a flood zone
• No cdd
• Tenant occupied

Tags

• NOT IN A FLOOD ZONE
• NO HOA
• NO CDD
• TENANT OCCUPIED
• BLOCK CONSTRUCTION
• NEWER ROOF

Property features AI

Finance

• Other: Property type: Residential, Single Family Residence
• Financial info: No additional financial details provided
• HOA & community: No HOA

Exterior

• Parking: No parking details provided
• Security: No security details provided
• Utilities: Public water; Public sewer; Electricity available
• Home design: Single family residence; One story; North-facing
• Construction: Block construction; Shingle roof; Slab foundation; Built on a lot of about 0.11 acres (0 to less than 1/4 acre)
• Exterior features: Paved road access; Lot dimensions approximately 45 x 105

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $258k.

Deal economics

• At list price, monthly cash flow is $127 ($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 $239k (7.6% below list).
• Recommended offer: $227k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% 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 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: Melrose Elementary School (math 37% / reading 27%, grade F, #1,797 of 2,144 statewide, top 86%, 322 students, 93% FRL); John Hopkins Middle School (math 25% / reading 27%, grade F, #506 of 571 statewide, top 89%, 723 students, 66% FRL); Gibbs High School (math 26% / reading 41%, grade F, #400 of 667 statewide, top 61%, 1,160 students, 64% FRL) — zoned schools average 75% FRL vs 48% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 51% district-wide (-20 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.8%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $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 156 days — a 12% lower offer ($227k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 21y ago; this cycle's ask has dropped $17k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $258k implies a 244% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• 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 $227,348 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 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 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.92% ✗
• Cap rate: 6.88%
• Cash-on-cash: 2.11%
• DSCR: 1.09
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $288,960
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1675 13th Ave S	0.14mi	4/2.0	1,154 (-4%)	8mo	$303,000	$263	80
1425 11th Ave S	0.27mi	4/2.0	1,137 (-6%)	6mo	$182,500	$161	73
1962 15th Ave S	0.24mi	3/1.0 (-1)	1,245 (+3%)	3mo	$122,000	$98	72
1000 13th Ave S	0.46mi	3/2.0 (-1)	1,200 (-0%)	2mo	$215,000	$179	72
1126 Melrose Ave S	0.35mi	3/2.0 (-1)	1,293 (+7%)	1mo	$375,000	$290	66
1333 Melrose Ave S	0.19mi	3/2.0 (-1)	1,320 (+10%)	5mo	$300,000	$227	66
1307 12th Ave S	0.27mi	4/2.0	1,349 (+12%)	4mo	$240,000	$178	64
1005 15th Ave S	0.49mi	3/2.0 (-1)	1,160 (-4%)	4mo	$345,300	$298	62
2487 15th Ave S	0.67mi	3/2.0 (-1)	1,125 (-7%)	6mo	$285,000	$253	47
1618 20th Ave S	0.43mi	3/1.0 (-1)	1,378 (+14%)	3mo	$120,000	$87	44
809 17th Ave S	0.71mi	3/2.0 (-1)	1,104 (-8%)	6mo	$265,000	$240	43
834 18th Ave S	0.71mi	3/1.0 (-1)	1,294 (+8%)	3mo	$330,000	$255	42

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: -16.3%
• Equity multiple: 0.44×
• Total profit: $-40,738
• Equity at exit: $38,521

10-year hold

• IRR: -14.5%
• Equity multiple: 0.28×
• Total profit: $-51,991
• Equity at exit: $22,337

Cash invested: $72,338 (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 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,386 high
• Mortgage (P&I): −$1,355
• Tax from tax record: −$295 /mo · $3,545/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$501
• Net cashflow: $127

Break-even live

Break-even rent $2,225

Max offer price $258,350

Occupancy floor 90%

Sensitivity live

Price	-10% $273	-5% $200	+0% $127	+5% $54	+10% $-19
Rent	-10% $-61	-5% $33	+0% $127	+5% $221	+10% $316
Rate	-1.0pp $257	-0.5pp $193	base $127	+0.5pp $60	+1.0pp $-8

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: $64,588
• Closing costs: $7,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1427 15th St S Saint Petersburg, FL	3.0	1.0	1030	$2,095	$2.03	6d	1	0.11mi
1465 15th St S Saint Petersburg, FL	3.0	1.5	1405	$2,400	$1.71	6d	1	0.11mi
1311 Prescott St S Saint Petersburg, FL	4.0	2.0	1048	$2,000	$1.91	0d	1	0.12mi
1650 Prescott St S Saint Petersburg, FL	3.0	1.0	960	$2,100	$2.19	6d	1	0.14mi
1317 14th St S St Petersburg, FL	4.0	2.0	1236	$2,150	$1.74	26d	1	0.19mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	26d	1	0.21mi
1763 Preston St S Saint Petersburg, FL	3.0	1.0	1158	$2,350	$2.03	26d	1	0.23mi
1760 Queen St S Saint Petersburg, FL	3.0	1.0	1004	$2,000	$1.99	6d	1	0.23mi
1400 21st St S Saint Petersburg, FL	4.0	2.0	1487	$2,970	$2.00	9d	1	0.29mi
1218 13th Ave S Saint Petersburg, FL	3.0	2.0	1356	$2,594	$1.91	6d	1	0.32mi
1847 19th St S Saint Petersburg, FL	3.0	2.0	1203	$2,295	$1.91	6d	1	0.39mi
1828 20th Ave S Saint Petersburg, FL	3.0	1.0	1015	$1,650	$1.63	26d	1	0.44mi
2245 17th Ave S Saint Petersburg, FL	4.0	2.0	1058	$2,400	$2.27	6d	1	0.50mi
1911 22nd Ave S St Petersburg, FL	4.0	2.0	1424	$3,000	$2.11	4d	1	0.54mi
2010 22nd St S Saint Petersburg, FL	3.0	1.0	1036	$1,695	$1.64	6d	1	0.57mi
944 18th Ave S Unit A St. Petersburg, FL	3.0	1.0	1013	$2,100	$2.07	19d	1	0.59mi
1121 Dr Martin Luther King Jr St S Saint Petersburg, FL	3.0	2.0	1200	$2,275	$1.90	6d	1	0.59mi
1013 20th Ave S Saint Petersburg, FL	4.0	2.0	1124	$1,775	$1.58	0d	1	0.60mi
985 8th Ave S Unit S St. Petersburg, FL	3.0	1.0	1061	$2,575	$2.43	0d	1	0.64mi
1137 Highland St S Saint Petersburg, FL	3.0	2.0	1400	$2,600	$1.86	4d	1	0.66mi
2410 18th Ave S Saint Petersburg, FL	4.0	1.0	927	$1,895	$2.04	6d	1	0.67mi
930 20th Ave S St. Petersburg, FL	3.0	1.0	1190	$1,950	$1.64	0d	1	0.67mi
2244 21st Ave S Saint Petersburg, FL	3.0	1.0	1229	$2,250	$1.83	6d	1	0.67mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,200	$2.47	4d	1	0.67mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,580	$2.89	22d	1	0.67mi
2310 21st St S Saint Petersburg, FL	5.0	3.0	1500	$3,460	$2.31	6d	1	0.69mi
2505 18th St S Saint Petersburg, FL	3.0	2.0	1198	$2,350	$1.96	6d	1	0.72mi
1735 25th St S Saint Petersburg, FL	5.0	2.0	1453	$3,250	$2.24	26d	1	0.72mi
771 14th Ave S Saint Petersburg, FL	3.0	2.0	1184	$2,850	$2.41	6d	1	0.73mi
1930 Walton St S Saint Petersburg, FL	3.0	1.0	814	$2,000	$2.46	6d	1	0.73mi
2435 20th St S Unit 1 St. Petersburg, FL	4.0	2.0	1230	$2,650	$2.15	26d	1	0.74mi
2524 19th St S Saint Petersburg, FL	4.0	2.0	1230	$2,495	$2.03	26d	1	0.75mi
725 14th Ave S Apt D St. Petersburg, FL	3.0	1.0	818	$1,395	$1.71	5d	1	0.80mi
720 Newton Ave S Saint Petersburg, FL	4.0	2.0	1320	$2,500	$1.89	9d	1	0.80mi
2621 18th St S Saint Petersburg, FL	3.0	1.0	1114	$2,200	$1.97	26d	1	0.82mi
1700 3rd Ave S St. Petersburg, FL	3.0	2.0	1371	$4,375	$3.19	0d	1	0.85mi
1700 3rd Ave S Unit 2 St. Petersburg, FL	3.0	2.0	1400	$4,068	$2.91	26d	1	0.85mi
201 17th St S Saint Petersburg, FL	1.0–3.0	1.0–2.0	1073	$4,325	$4.03	0d	18	0.89mi
2728 14th Ave S St. Petersburg, FL	3.0	2.0	1257	$2,100	$1.67	9d	1	0.90mi
1827 Auburn St S Saint Petersburg, FL	3.0	1.0	1056	$1,855	$1.76	6d	1	0.90mi

Listing history 32 events

1. 2026-06-22
   days on market $258,350 Active 156 DOM
2. 2026-06-18
   days on market $258,350 Active 153 DOM
3. 2026-06-17
   days on market $258,350 Active 152 DOM
4. 2026-06-16
   days on market $258,350 Active 151 DOM
5. 2026-06-15
   days on market $258,350 Active 150 DOM
6. 2026-06-13
   days on market $258,350 Active 148 DOM
7. 2026-06-09
   days on market $258,350 Active 144 DOM
8. 2026-06-08
   days on market $258,350 Active 143 DOM
9. 2026-06-07
   days on market $258,350 Active 142 DOM
10. 2026-06-04
    days on market $258,350 Active 139 DOM
11. 2026-06-03
    days on market $258,350 Active 138 DOM
12. 2026-06-01
    days on market $258,350 Active 136 DOM
13. 2026-05-31
    days on market $258,350 Active 135 DOM
14. 2026-03-11
    price $258,350
15. 2026-02-16
    price $259,250
16. 2026-02-10
    status Active
17. 2026-02-03
    status Pending
18. 2026-01-13
    price $265,000
19. 2026-01-09
    listed $275,000 Active
20. 2023-05-24
    status Active
21. 2023-05-24
    historical
22. 2023-05-04
    status Pending
23. 2023-04-25
    listed $229,000 Active
24. 2020-03-20
    soldstatus $75,000
25. 2009-08-07
    soldstatus $32,000 435-char remark

    Show marketing remark (435 chars)

    Calling all handyman and investors, here is the opportunity of a lifetime. Does need some work, however you just cannot beat the potential. This one comes complete with a large open floor plan. And the location is fantastic, close to shopping, schools, everything. However you will need to phone today, for it's NOT a short sale; it's just priced right and ready for you today. So get to the phone and phone today before it's too late.

26. 2009-06-09
    listed $45,000 435-char remark

    Show marketing remark (435 chars)

    Calling all handyman and investors, here is the opportunity of a lifetime. Does need some work, however you just cannot beat the potential. This one comes complete with a large open floor plan. And the location is fantastic, close to shopping, schools, everything. However you will need to phone today, for it's NOT a short sale; it's just priced right and ready for you today. So get to the phone and phone today before it's too late.

27. 2005-07-13
    soldstatus $86,000
28. 2005-07-07
    soldstatus $86,000
29. 2005-04-28
    listed $85,900
30. 2005-04-15
    soldstatus $61,500
31. 2005-03-24
    soldstatus $61,500
32. 2005-03-14
    listed $80,000

ⓘ 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: $3,545 · $295/mo
• Projected year-2 tax: $3,545 · $295/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 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,634
• − Mortgage interest: −$14,472
• − Property taxes: −$3,545
• − Insurance: −$1,292
• − Repairs & maintenance: −$2,291
• − Management: −$2,291
• − Depreciation: −$7,516
• Taxable loss: −$2,772
• Est. tax savings @ 24.0%: +$665
• After-tax cash flow: $2,191/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): 27,142
• Household income: $60,450
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1928.0

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 Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Slovak 1% Estonian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 92% English-only · French/Haitian/Cajun 3% Spanish 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: ▼ -275.45%
• Current HPI: 412.7251
• Rent YoY: ▼ -0.77%
• 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

+222.9% since first listed

19 events — show timeline

• 2026-03-11 Price Changed $258,350 Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Price Changed $259,250 Stellar MLS as Distributed by MLS Grid
• 2026-02-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-13 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-09 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-05-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-05-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-04-25 Listed $229,000 Stellar MLS as Distributed by MLS Grid
• 2020-03-20 Sold (Public Records) $75,000 Public Records
• 2009-08-07 Sold (MLS) $32,000 Stellar MLS as Distributed by MLS Grid
• 2009-06-09 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2005-07-13 Sold (Public Records) $86,000 Public Records
• 2005-07-07 Sold (MLS) $86,000 Stellar MLS as Distributed by MLS Grid
• 2005-04-28 Listed $85,900 Stellar MLS as Distributed by MLS Grid
• 2005-04-15 Sold (Public Records) $61,500 Public Records
• 2005-03-24 Sold (MLS) $61,500 Stellar MLS as Distributed by MLS Grid
• 2005-03-14 Listed $80,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+12.9%/yr

Latest (2025): $3,545 · +13.3% YoY. Source: county tax records.