10036 63rd Ave N · Bay Pines, FL 33708

$114,900

1 bd · 1.0 ba · 790 sqft · SingleFamily · 37 Days on market

Built 1983 Poor condition ↓ 3% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.1/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great unit with updated kitchen! Cabinets and appliances white. Recently painted and ready. Bathroom also updated with white pedstal sink. Air handler also replaced. Corian counter and sink in kitchen. Furnishings available too.

Key facts

• New air conditioning
• New floors
• New kitchen

Tags

• NEW AIR CONDITIONING
• NEW HEATING UNIT
• NEW APPLIANCES
• REMODELED BATHROOM
• NEW FLOORS
• NEW KITCHEN

Property features AI

Exterior

• Home design: Built in 1983
• Construction: Originally constructed in 1983
• Exterior features: Located in the South Pinellas Community Council subdivision

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $115k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $87 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $111k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.7% vs local median 2.7% in Bay Pines — 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 81/100 on livability (#102 in FL, #1,559 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F.
• 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 (-1.8%/yr); 565 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 $794 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 37 days — a 3% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y 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: 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,453 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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: 1.44% ✓
• Cap rate: 11.65%
• Cash-on-cash: 19.14%
• DSCR: 1.85
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $236,210
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6301 Gem Ln	0.15mi	2/2.0 (+1)	792 (+0%)	6mo	$278,000	$351	79
6542 Gem Ln	0.21mi	2/1.0 (+1)	672 (-15%)	4mo	$175,500	$261	57
9717 54th Ave N	0.62mi	2/1.0 (+1)	879 (+11%)	4mo	$340,000	$387	44
10460 54th Ave N	0.68mi	2/2.0 (+1)	870 (+10%)	13mo	$260,000	$299	31
6580 Seminole Blvd #514	0.73mi	2/1.5 (+1)	732 (-7%)	23mo	$135,000	$184	27
6580 Seminole Blvd #605	0.73mi	2/1.0 (+1)	684 (-13%)	22mo	$57,500	$84	20

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: -16.1%
• Equity multiple: 0.45×
• Total profit: $-17,660
• Equity at exit: $17,132

10-year hold

• IRR: -18.8%
• Equity multiple: 0.20×
• Total profit: $-25,844
• Equity at exit: $9,934

Cash invested: $32,172 (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 33708

• Rents YoY: -1.8%
• Active inventory: 565
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,655 high
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,724/yr
• Insurance: −$48
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $87

Break-even live

Break-even rent $1,545

Max offer price $114,900

Occupancy floor 90%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10037 62nd Ter N #15 Saint Petersburg, FL	2.0	1.0	790	$1,400	$1.77	17d	1	0.02mi
10036 63rd Ave N #23 Saint Petersburg, FL	2.0	1.0	1010	$1,550	$1.53	16d	1	0.02mi
10037 62nd Ter St. Petersburg, FL	1.0	1.0	790	$1,500	$1.90	24d	1	0.02mi
10035 63rd Ave N #18 Saint Petersburg, FL	2.0	1.0	1010	$2,125	$2.10	24d	1	0.04mi
10038 62nd Ter N #17 Saint Petersburg, FL	2.0	1.0	1010	$1,400	$1.39	2d	1	0.06mi
10032 65th Ave N #24 Saint Petersburg, FL	2.0	2.0	1010	$1,650	$1.63	24d	1	0.09mi
9950 62nd Ter N #305 Saint Petersburg, FL	2.0	2.0	1120	$1,450	$1.29	24d	1	0.11mi
9860 62nd Ter N #1048 Saint Petersburg, FL	2.0	2.0	1020	$1,750	$1.72	24d	1	0.16mi
10405 Addison Way Seminole, FL	1.0–3.0	1.0–2.0	1133	$1,807	$1.59	1d	18	0.39mi
10530 68th Ave Seminole, FL	2.0	1.0	1000	$1,690	$1.69	4d	1	0.48mi
5224 100th Way N Saint Petersburg, FL	2.0	1.0	930	$2,400	$2.58	4d	1	0.72mi
9950 52nd Ter N Saint Petersburg, FL	2.0	1.0	1090	$2,200	$2.02	24d	1	0.72mi
10764 70th Ave Seminole, FL	1.0–2.0	1.0–2.0	828	$1,500	$1.81	4d	2	0.75mi
10532 51st Ter N Saint Petersburg, FL	2.0	1.0	1093	$1,800	$1.65	17d	1	0.88mi
4652 Miramar Dr Madeira Beach, FL	1.0–2.0	1.0–2.0	958	$1,660	$1.73	1d	33	1.00mi
11234 68th Ave Seminole, FL	2.0	1.5	960	$2,400	$2.50	7d	1	1.02mi
4771 100th Way N Unit 101 St. Petersburg, FL	2.0	1.0	800	$1,749	$2.19	17d	1	1.03mi
4771 100th Way N Unit 204 St. Petersburg, FL	1.0	1.0	550	$1,549	$2.82	24d	1	1.03mi
9940 47th Ave N #320 Saint Petersburg, FL	2.0	1.0	900	$1,575	$1.75	24d	1	1.07mi
7770 Starkey Rd Seminole, FL	2.0	1.0	1035	$1,538	$1.49	1d	4	1.20mi
9071 47th Ave N St. Petersburg, FL	2.0	2.0	1100	$2,000	$1.82	24d	1	1.27mi
7701 Starkey Rd Largo, FL	1.0	1.0	615	$1,600	$2.60	14d	5	1.33mi
1 Boca Ciega Point Blvd #115 Saint Petersburg, FL	2.0	2.0	920	$1,900	$2.07	1d	1	1.35mi
8080 112th St #108 Seminole, FL	1.0	1.0	874	$1,700	$1.95	24d	1	1.43mi
11201 80th Ave #303 Seminole, FL	2.0	2.0	1000	$1,800	$1.80	24d	1	1.45mi
4565 Duhme Rd #110 Saint Petersburg, FL	2.0	1.0	780	$1,700	$2.18	24d	1	1.48mi

Listing history 15 events

1. 2026-06-18
   days on market $114,900 Active 37 DOM
2. 2026-06-17
   days on market $114,900 Active 36 DOM
3. 2026-06-16
   days on market $114,900 Active 35 DOM
4. 2026-06-15
   days on market $114,900 Active 34 DOM
5. 2026-06-13
   days on market $114,900 Active 32 DOM
6. 2026-06-09
   days on market $114,900 Active 28 DOM
7. 2026-06-08
   days on market $114,900 Active 27 DOM
8. 2026-06-07
   days on market $114,900 Active 26 DOM
9. 2026-06-04
   days on market $114,900 Active 23 DOM
10. 2026-06-03
    days on market $114,900 Active 22 DOM
11. 2026-06-01
    days on market $114,900 Active 20 DOM
12. 2026-05-31
    days on market $114,900 Active 19 DOM
13. 2026-05-12
    listed $114,900 Active
14. 2007-01-31
    soldstatus $116,000 229-char remark

    Show marketing remark (229 chars)

    Great unit with updated kitchen! Cabinets and appliances white. Recently painted and ready. Bathroom also updated with white pedstal sink. Air handler also replaced. Corian counter and sink in kitchen. Furnishings available too.

15. 2006-05-30
    listed $119,000 229-char remark

    Show marketing remark (229 chars)

    Great unit with updated kitchen! Cabinets and appliances white. Recently painted and ready. Bathroom also updated with white pedstal sink. Air handler also replaced. Corian counter and sink in kitchen. Furnishings available too.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone AE · 96% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,857
• − Mortgage interest: −$6,436
• − Property taxes: −$1,724
• − Insurance: −$5,693
• − Repairs & maintenance: −$1,589
• − Management: −$1,589
• − Depreciation: −$3,343
• Taxable loss: −$515
• Est. tax savings @ 24.0%: +$124
• After-tax cash flow: $1,164/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.

Condition & rehab AI · 0 photos

Poor 20/100 Extensive rehab

This home requires extensive repairs and updates to bring it up to a livable condition. Significant structural and cosmetic issues need addressing to increase its resale and rental value.

Repairs flagged

• Major Kitchen cabinets — The cabinets are visibly damaged and need to be replaced.
• Major Kitchen countertops — The countertops are damaged and need to be replaced.
• Major Bathroom — The bathroom requires significant repairs and updates.
• Major Roof — The roof is in poor condition and needs to be replaced.
• Major Exterior siding — The siding is peeling and damaged, requiring replacement.
• Major Flooring — The flooring is damaged and needs to be replaced.
• Major Interior walls — The walls show significant damage and need to be repaired and repainted.
• Major HVAC system — The HVAC system is in poor condition and needs to be replaced or repaired.

Value-add opportunities

• Resale New kitchen cabinets and countertops — A new kitchen will attract more buyers and increase the home's resale value.
• Resale New bathroom fixtures and tiling — A new bathroom will significantly improve the home's appeal and increase its resale value.
• Resale New roof and siding — A new roof and siding will address major structural issues and improve the home's curb appeal.
• Resale New flooring — New flooring will improve the home's appearance and increase its resale value.
• Resale Repainting interior walls — Repainting interior walls will improve the home's appearance and increase its resale value.
• Resale New HVAC system — A new HVAC system will improve the home's comfort and energy efficiency, increasing its resale value.
• Both Landscaping and curb appeal — Landscaping and curb appeal will improve the home's exterior and increase its resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · The cabinets are visibly damaged and need to be replaced.	Major	$15,000–50,000
Kitchen countertops · The countertops are damaged and need to be replaced.	Major	$15,000–50,000
Bathroom · The bathroom requires significant repairs and updates.	Major	$15,000–50,000
Roof · The roof is in poor condition and needs to be replaced.	Major	$15,000–50,000
Exterior siding · The siding is peeling and damaged, requiring replacement.	Major	$15,000–50,000
Flooring · The flooring is damaged and needs to be replaced.	Major	$15,000–50,000
Interior walls · The walls show significant damage and need to be repaired and repainted.	Major	$15,000–50,000
HVAC system · The HVAC system is in poor condition and needs to be replaced or repaired.	Major	$15,000–50,000
Total estimated repair cost · 8 items		$120,000–400,000

Value-add ROI direction

• Resale New kitchen cabinets and countertops — A new kitchen will attract more buyers and increase the home's resale value. ↑
• Resale New bathroom fixtures and tiling — A new bathroom will significantly improve the home's appeal and increase its resale value. ↑
• Resale New roof and siding — A new roof and siding will address major structural issues and improve the home's curb appeal. ↑
• Resale New flooring — New flooring will improve the home's appearance and increase its resale value. ↑
• Resale Repainting interior walls — Repainting interior walls will improve the home's appearance and increase its resale value. ↑
• Resale New HVAC system — A new HVAC system will improve the home's comfort and energy efficiency, increasing its resale value. ↑
• Both Landscaping and curb appeal — Landscaping and curb appeal will improve the home's exterior and increase its resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — Bay Pines

• Score: 81/100
• State rank: #102
• US rank: #1559

Category grades

Amenities F Commute A Cost of living A- Crime A+ Employment C+ Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bay Pines, FL
• County: Pinellas County · 939,478 people
• City population: 68
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 15,060
• Household income: $82,500
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 734.0

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 5% Asian 4% Two or more races 4% Black 1%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 3%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 89% English-only · Spanish 3% Vietnamese 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: ▼ -663.41%
• Current HPI: 317.0675
• Rent YoY: ▼ -1.77%
• 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

-3.4% since first listed

3 events — show timeline

• 2026-05-12 Listed $114,900 FSBO.com
• 2007-01-31 Sold (MLS) $116,000 Stellar MLS as Distributed by MLS Grid
• 2006-05-30 Listed $119,000 Stellar MLS as Distributed by MLS Grid