2001 15th Ave S · St. Petersburg, FL 33712

$200,000

2 bd · 1.0 ba · 839 sqft · SingleFamily public records · 31 Days on market

Built 1926 4,896 sqft lot Est $236k · 15% under ↓ 56% since listing

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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 +15.9/30.0
• ARV discount +14.3/15.0
• DSCR +4.9/10.0
• Schools +4.3/10.0
• 1% rule +4.0/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Located in one of St. Petersburg’s rapidly evolving neighborhoods, this property presents an excellent opportunity for investors, builders, or buyers looking to create something new. Just minutes from Tropicana Field, Central Ave, downtown St. Pete, dining, entertainment, and waterfront attractions, the location offers incredible upside potential. Surrounded by new construction and beautifully renovated homes, this oversized opportunity sits in the path of continued growth and redevelopment. Existing home is being sold as-is.

Key facts

• New construction
• 4,896 sq ft lot
• Built 1926

Tags

• NEW CONSTRUCTION
• BEAUTIFULLY RENOVATED HOMES

Property features AI

Finance

• Other: Lot about 0.11 acres (50 x 98, asphalt road); Unfurnished; No lease restrictions; Living area source: Appraiser
• HOA & community: No HOA/association indicated

Exterior

• Utilities: Public water; Public sewer; Public utilities
• Home design: Single family residence; Residential property; One story; Faces northwest; Entry level: One
• Construction: Frame construction; Shingle roof; Concrete perimeter foundation; Built area approximately 839 square feet
• Exterior features: Sidewalk

Interior

• Bedrooms: 2 bedrooms
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Other heating; Other cooling
• Interior features: Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $97 ($1k/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 $180k (10.1% below list).
• Recommended offer: $180k (10.1% below list) — sets the bar for 1% rule.
• 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 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: 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 at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 36% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $6k 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 31 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1926 — 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 $179,775 (10.1% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1926 — 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: 0.90% ✗
• Cap rate: 6.87%
• Cash-on-cash: 2.07%
• DSCR: 1.09
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $235,759
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1608 Preston St S	0.25mi	2/1.0	833 (-1%)	3mo	$242,000	$291	85
1318 Preston St S	0.26mi	2/1.0	776 (-8%)	3mo	$175,000	$226	73
2331 16th Ave S	0.29mi	3/1.0 (+1)	872 (+4%)	6mo	$245,000	$281	70
1708 Preston St S	0.29mi	3/1.0 (+1)	795 (-5%)	9mo	$140,000	$176	65
2401 17th Ave S	0.34mi	3/1.0 (+1)	912 (+9%)	1mo	$90,000	$99	64
2027 13th Ave S	0.16mi	3/1.0 (+1)	958 (+14%)	6mo	$210,000	$219	59
2584 14th Ave S	0.54mi	2/1.0	914 (+9%)	3mo	$285,000	$312	58
1231 12th Ave S	0.56mi	2/1.0	784 (-7%)	7mo	$279,500	$357	57
801 18th St S	0.44mi	3/1.0 (+1)	920 (+10%)	6mo	$195,000	$212	54
2226 Union St S	0.56mi	2/1.0	959 (+14%)	4mo	$98,000	$102	47
2510 Queen St S	0.72mi	3/2.0 (+1)	775 (-8%)	10mo	$247,000	$319	36
2333 22nd St S	0.66mi	2/2.5	947 (+13%)	12mo	$320,000	$338	32

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: $-31,526
• Equity at exit: $29,821

10-year hold

• IRR: -14.3%
• Equity multiple: 0.29×
• Total profit: $-39,917
• Equity at exit: $17,292

Cash invested: $56,000 (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 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,798 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$191 /mo · $2,296/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $97

Break-even live

Break-even rent $1,675

Max offer price $200,000

Occupancy floor 90%

Sensitivity live

Price	-10% $210	-5% $153	+0% $97	+5% $40	+10% $-16
Rent	-10% $-45	-5% $26	+0% $97	+5% $168	+10% $239
Rate	-1.0pp $197	-0.5pp $148	base $97	+0.5pp $45	+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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2028 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	26d	1	0.02mi
2020 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	9d	1	0.02mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	26d	1	0.04mi
1771 15th Ave S Unit 1/2 St. Petersburg, FL	2.0	1.0	624	$1,195	$1.92	9d	1	0.14mi
1771 15th Ave S Saint Petersburg, FL	2.0	1.0	800	$1,195	$1.49	5d	1	0.14mi
1204 21st St S St. Petersburg, FL	1.0	1.0	584	$1,325	$2.27	16d	1	0.19mi
2030 12th Ave S St. Petersburg, FL	1.0	1.0	622	$1,325	$2.13	14d	1	0.19mi
2231 15th Ave S Saint Petersburg, FL	2.0	1.0	768	$1,900	$2.47	6d	1	0.23mi
2000 Queensboro Ave S Unit A St. Petersburg, FL	2.0	1.0	616	$1,450	$2.35	26d	1	0.23mi
1036 19th St S Saint Petersburg, FL	2.0	1.0	575	$1,500	$2.61	26d	1	0.27mi
1760 Queen St S Saint Petersburg, FL	3.0	1.0	1004	$2,000	$1.99	6d	1	0.27mi
1650 Prescott St S Saint Petersburg, FL	3.0	1.0	960	$2,100	$2.19	6d	1	0.31mi
1427 15th St S Saint Petersburg, FL	3.0	1.0	1030	$2,095	$2.03	6d	1	0.35mi
1900 17th St S Saint Petersburg, FL	2.0	2.0	1027	$3,260	$3.17	0d	1	0.40mi
1828 20th Ave S Saint Petersburg, FL	3.0	1.0	1015	$1,650	$1.63	26d	1	0.42mi
2010 22nd St S Saint Petersburg, FL	3.0	1.0	1036	$1,695	$1.64	6d	1	0.43mi
1701 14th St S Unit A St. Petersburg, FL	2.0	1.0	1100	$1,950	$1.77	26d	1	0.47mi
1715 14th St S St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	26d	1	0.47mi
2547 14th Ave S Saint Petersburg, FL	2.0	1.0	726	$2,400	$3.31	0d	1	0.49mi
1320 18th Ave S Saint Petersburg, FL	2.0	1.0	750	$1,550	$2.07	19d	1	0.53mi
1529 12th St S Unit A St. Petersburg, FL	2.0	1.5	700	$1,550	$2.21	26d	1	0.53mi
1930 Walton St S Saint Petersburg, FL	3.0	1.0	814	$2,000	$2.46	6d	1	0.54mi
1428 12th St S Saint Petersburg, FL	2.0	1.0	575	$1,400	$2.43	23d	1	0.56mi
2601 18th Ave S Unit B St. Petersburg, FL	1.0	1.0	600	$1,100	$1.83	25d	1	0.62mi
2425 22nd Ave S Saint Petersburg, FL	1.0	1.0	698	$1,525	$2.18	26d	1	0.63mi
1827 Auburn St S Saint Petersburg, FL	3.0	1.0	1056	$1,855	$1.76	6d	1	0.68mi
979 11th Ave S St. Petersburg, FL	2.0	2.0	721	$2,350	$3.26	14d	1	0.74mi
1361 29th St S Saint Petersburg, FL	3.0	1.0	819	$2,400	$2.93	26d	1	0.76mi
560 26th St S Saint Petersburg, FL	3.0	1.0	979	$2,407	$2.46	26d	1	0.81mi
2621 18th St S Saint Petersburg, FL	3.0	1.0	1114	$2,200	$1.97	26d	1	0.81mi
1931 10th St S St. Petersburg, FL	2.0	1.0	625	$1,675	$2.68	16d	1	0.81mi
944 18th Ave S Unit A St. Petersburg, FL	3.0	1.0	1013	$2,100	$2.07	19d	1	0.81mi
985 8th Ave S Unit S St. Petersburg, FL	3.0	1.0	1061	$2,575	$2.43	0d	1	0.84mi
985 8th Ave S Unit N St. Petersburg, FL	1.0	1.0	560	$1,500	$2.68	26d	1	0.84mi
2710 22nd Ave S Saint Petersburg, FL	3.0	1.0	1083	$2,450	$2.26	6d	1	0.85mi
888 14th Ave S St Petersburg, FL	2.0	1.0	1084	$1,825	$1.68	6d	1	0.86mi
1724 3rd Ave S Unit 2 St. Petersburg, FL	2.0	2.0	1084	$3,343	$3.08	26d	1	0.87mi
986 22nd Ave S #3 St. Petersburg, FL	2.0	2.0	850	$1,350	$1.59	15d	1	0.87mi
2222 10th St S Unit B St. Petersburg, FL	2.0	1.0	600	$1,800	$3.00	26d	1	0.88mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,200	$2.47	3d	1	0.89mi

Listing history 17 events

1. 2026-06-22
   days on market $200,000 Active 31 DOM
2. 2026-06-18
   days on market $200,000 Active 28 DOM
3. 2026-06-17
   days on market $200,000 Active 27 DOM
4. 2026-06-16
   days on market $200,000 Active 26 DOM
5. 2026-06-15
   days on market $200,000 Active 25 DOM
6. 2026-06-13
   days on market $200,000 Active 23 DOM
7. 2026-06-09
   days on market $200,000 Active 19 DOM
8. 2026-06-08
   days on market $200,000 Active 18 DOM
9. 2026-06-07
   days on market $200,000 Active 17 DOM
10. 2026-06-04
    days on market $200,000 Active 14 DOM
11. 2026-06-03
    days on market $200,000 Active 13 DOM
12. 2026-06-02
    days on market $200,000 Active 12 DOM
13. 2026-06-01
    days on market $200,000 Active 11 DOM
14. 2026-05-31
    days on market $200,000 Active 10 DOM
15. 2026-05-21
    listed $200,000 Active
16. 2026-03-30
    historical
17. 2024-09-23
    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: $2,296 · $191/mo
• Projected year-2 tax: $2,296 · $191/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 · 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: $21,573
• − Mortgage interest: −$11,203
• − Property taxes: −$2,296
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,726
• − Management: −$1,726
• − Depreciation: −$5,818
• Taxable loss: −$2,196
• Est. tax savings @ 24.0%: +$527
• After-tax cash flow: $1,688/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

-55.6% since first listed

3 events — show timeline

• 2026-05-21 Listed $200,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Listed $450,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+21.8%/yr

Latest (2025): $2,296 · +5.9% YoY. Source: county tax records.