3425 41st Ter S #203 · St. Petersburg, FL 33711

$125,000

1 bd · 1.0 ba · 825 sqft · Condo public records · 20 Days on market

Built 1973 $732/mo HOA · 39% of rent

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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).

• 1% rule +9.9/10.0
• Cash flow +9.0/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +2.5/10.0
• 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

Welcome to your new home in the heart of beautiful St. Petersburg! This cozy 1 bedroom, 1 bathroom condo in the 55+ community of Patriot Square offers comfort, convenience, and a fantastic location in paradise. This apartment enjoys proximity to the best St. Petersburg has to offer including the many famous beaches, shops, restaurants, downtown and the pier all just minutes away. Walmart Supercenter is one block away The condo itself offers a generous living area that welcomes you with an abundance of natural light and plenty of space. It features a cozy kitchen with ample cabinet space, refrigerator and range included. The functional floor plan flows from the kitchen to the dining and living room combo. Off the living room is a private balcony overlooking a grassed common area with beautiful mature oak trees. where you can sip your morning coffee or unwind in the evening while enjoying Florida's perfect weather. Down the hall, is the spacious bedroom offering a tranquil retreat, complete with a sizable walk in closet suitable for even the most elaborate owners. The bathroom located between the dining area and the bedroom, boasts a retro clean and stylish design that's been well maintained, ensuring a fresh start to your day. Step outside to your private balcony, where you can sip your morning coffee or unwind in the evening while enjoying Florida's perfect weather. Patriot Square offers residents access to a range of amenities as well. These include multiple pools, fitness center, tennis courts, shuffleboard and communal gathering spaces with weekly events such as bingo! It is also pet-friendly, so your fur babies are welcome too. Reserved parking right out front ensures you always have a convenient spot waiting for you. A special assessment for a new roof has been completed and paid for in full. Enjoy peace of mind with a secure entry system featuring gated entrances and on-site management. Newly paved streets and parking. Don't miss out on this opportunity to live in a fantastic community and enjoy the best of what the area has to offer. Please call today to schedule a viewing and make this lovely condo your new home! Rare unit that won't last long.

Key facts

• Mature oak trees
• Two swimming pools
• Private balcony

Tags

• PRIVATE BALCONY
• LUSH GRASSY COMMON AREA
• MATURE OAK TREES
• TWO SWIMMING POOLS
• TENNIS COURTS
• SHUFFLEBOARD

Property features AI

Finance

• Other: Irrigation equipment on property; Total monthly condo fees listed as monthly condo fee amount
• Financial info: Lease restrictions apply
• HOA & community: Monthly condo fee of $732; Annual association fees total $8,784; Association requires buyer approval; Association amenities: cable TV, community laundry, pool, tennis courts; Association fee covers cable TV, common area taxes, pool, escrow reserves, internet, security, sewer, and trash; Community features: clubhouse, pool, tennis courts; Senior community designation; Pets allowed with number and size limits (max ~25 lbs)

Exterior

• Parking: Assigned parking
• Security: Community security included in association services
• Utilities: Public water; Public sewer; Public utilities
• Home design: Condominium; 2 total stories; Faces north; Unit on 2nd floor
• Construction: Brick construction; Shingle roof; Slab foundation; Built as part of a multi-building complex (Building 31 / 3425)
• Exterior features: Screened patio/porch; Balcony; Sidewalks; Sliding doors; City limits location; Near public transit; Paved access

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 1 bedroom (located on floor 2)
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Thermostat; Walk-in closet
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $125k.

Deal economics

• At list price, monthly cash flow is $-97 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $108k (13.7% below list).
• Meets the 1% rule at list price ($2k rent vs $125k).
• Recommended offer: $108k (13.7% below list) — sets the bar for cash-flow.
• Cap rate 5.4% 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.
• Market conditions: Rents soft (-1.5%/yr); 261 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals leasing fast (median 13d 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 34% 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 $864 of loan paydown is wiped out by about $4k 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 20 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 15y 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 $100k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 39% of rent.
• Climate carrying-cost: 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 $107,827 (13.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.49% ✓
• Cap rate: 5.36%
• Cash-on-cash: -3.33%
• DSCR: 0.85
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -28.1%
• Equity multiple: 0.10×
• Total profit: $-31,439
• Equity at exit: $18,638

10-year hold

• IRR: -71.2%
• Equity multiple: -0.56×
• Total profit: $-54,551
• Equity at exit: $10,808

Cash invested: $35,000 (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 33711

• Rents YoY: -1.5%
• Active inventory: 261
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,861 high
• Mortgage (P&I): −$656
• Tax from tax record: −$127 /mo · $1,529/yr
• Insurance: −$52
• HOA: −$732
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $-97

Break-even live

Break-even rent $1,984

Max offer price $107,827

Occupancy floor —

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4300 37th St S St. Petersburg, FL	2.0	2.0	1100	$2,000	$1.82	24d	1	0.17mi
4340 37th St S #6 Saint Petersburg, FL	2.0	1.0	845	$1,750	$2.07	15d	1	0.18mi
4341 34th St S St. Petersburg, FL	1.0–3.0	1.0–2.0	1061	$2,181	$2.06	2d	101	0.19mi
4420 37th St S St. Petersburg, FL	1.0	1.0	725	$1,600	$2.21	24d	1	0.23mi
3753 46th Ave S St Petersburg, FL	2.0	1.0–2.0	875	$1,962	$2.24	4d	2	0.35mi
3136 48th Ave S St. Petersburg, FL	2.0	1.5	1108	$2,000	$1.81	24d	1	0.37mi
3104 48th Ave S St. Petersburg, FL	2.0	1.5	1108	$1,799	$1.62	24d	1	0.40mi
4701 31st St S Unit B2 St. Petersburg, FL	2.0	1.5	1108	$1,799	$1.62	24d	1	0.42mi
3901 38th Ave S Saint Petersburg, FL	1.0–3.0	1.0–2.5	1070	$949	$0.89	2d	9	0.47mi
3357 38th St S Unit C Saint Petersburg, FL	1.0	1.0	735	$1,795	$2.44	24d	1	0.55mi
3280 37th Way S Unit B Saint Petersburg, FL	2.0	2.0	1100	$1,700	$1.55	24d	1	0.56mi
4908 38th Way S St Petersburg, FL	1.0–3.0	2.0	1145	$1,349	$1.18	8d	2	0.58mi
4901 38th Way S St. Petersburg, FL	1.0	1.5	815	$2,000	$2.45	24d	1	0.63mi
3301 32nd Ave S Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,875	$2.05	3d	10	0.66mi
3620 41st Way S Unit 73B St. Petersburg, FL	1.0	1.0	1000	$2,100	$2.10	24d	1	0.66mi
3595 41st Ln S Unit B Saint Petersburg, FL	2.0	2.0	1100	$2,550	$2.32	24d	1	0.67mi
3715 42nd Way S Unit 61F St. Petersburg, FL	1.0	1.0	1000	$2,100	$2.10	8d	1	0.75mi
3627 29th Ave S Saint Petersburg, FL	2.0	1.0	1040	$2,000	$1.92	8d	1	0.77mi
3774 Abington Ave S Unit A St. Petersburg, FL	2.0	1.0	710	$1,400	$1.97	12d	1	0.88mi
3315 58th Ave S St Petersburg, FL	1.0–2.0	1.0–1.5	813	$1,300	$1.60	8d	5	1.04mi
3001 58th Ave S #414 Saint Petersburg, FL	1.0	1.0	640	$1,950	$3.05	3d	1	1.08mi
3001 58th Ave S St Petersburg, FL	1.0–2.0	1.0–2.0	810	$1,950	$2.41	24d	2	1.12mi
4525 29th Ave S Gulfport, FL	2.0	1.0	828	$1,895	$2.29	4d	1	1.16mi
5800 Lynn Lake Dr S St. Petersburg, FL	2.0	1.0–2.5	882	$1,458	$1.65	2d	44	1.27mi
2800 47th St S Gulfport, FL	2.0	1.0	890	$2,300	$2.58	4d	1	1.29mi
3246 20th Ave S Saint Petersburg, FL	2.0	1.0	864	$1,795	$2.08	24d	1	1.31mi
3017 49th St S Gulfport, FL	1.0	1.0	600	$1,350	$2.25	24d	1	1.36mi
3017 49th St S Gulfport, FL	2.0	1.0	632	$1,650	$2.61	2d	1	1.36mi
3017 49th St S Unit 12 Gulfport, FL	2.0	1.0	750	$1,600	$2.13	2d	1	1.36mi
6401 31st St S Saint Petersburg, FL	1.0–2.0	1.0–2.0	837	$1,389	$1.66	4d	1	1.37mi
1901 31st St S Unit 1/2 St. Petersburg, FL	2.0	1.0	721	$1,950	$2.70	3d	1	1.40mi
4665 Yarmouth Ave S Saint Petersburg, FL	2.0	1.0	826	$1,950	$2.36	24d	1	1.48mi
2425 22nd Ave S Saint Petersburg, FL	1.0	1.0	698	$1,525	$2.18	24d	1	1.48mi

HOA detail condo

• Monthly dues: $732 · $8,784/yr
• Likely covers: poolgymsecurity
• ⚠ Special-assessment mentions:

  …babies are welcome too. Reserved parking right out front ensures you always have a convenient spot waiting for you. A special assessment for a new roof has been completed and paid for in full. Enjoy peace of mind with a secure entry system featuring gated…

Listing history 13 events

1. 2026-06-18
   days on market $125,000 Active 20 DOM
2. 2026-06-17
   days on market $125,000 Active 19 DOM
3. 2026-06-16
   days on market $125,000 Active 18 DOM
4. 2026-06-15
   days on market $125,000 Active 17 DOM
5. 2026-06-13
   days on market $125,000 Active 15 DOM
6. 2026-06-09
   days on market $125,000 Active 11 DOM
7. 2026-06-08
   days on market $125,000 Active 10 DOM
8. 2026-06-07
   days on market $125,000 Active 9 DOM
9. 2026-06-04
   days on market $125,000 Active 6 DOM
10. 2026-06-03
    days on market $125,000 Active 5 DOM
11. 2026-06-02
    days on market $125,000 Active 4 DOM
12. 2026-06-01
    days on market $125,000 Active 3 DOM
13. 2026-05-31
    days on market $125,000 Active 2 DOM

ⓘ 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: $1,529 · $127/mo
• Projected year-2 tax: $1,529 · $127/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,326
• − Mortgage interest: −$7,002
• − Property taxes: −$1,529
• − Insurance: −$625
• − Repairs & maintenance: −$1,786
• − Management: −$1,786
• − HOA: −$8,784
• − Depreciation: −$3,636
• Taxable loss: −$2,822
• Est. tax savings @ 24.0%: +$677
• After-tax cash flow: $-489/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

+331.0% since first listed

22 events — show timeline

• 2026-05-29 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-14 Sold (Public Records) $100,000 Public Records
• 2024-02-12 Sold (MLS) $100,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-01-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-12-11 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-12-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-11-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-10-25 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-09-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-09-21 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-20 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2021-09-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-09-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-08-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-07-20 Listed $97,000 Stellar MLS as Distributed by MLS Grid
• 2012-04-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-11-01 Listed $37,900 Stellar MLS as Distributed by MLS Grid
• 2000-01-31 Sold (Public Records) $21,000 Public Records
• 1983-07-01 Sold (Public Records) $31,500 Public Records
• 1981-08-01 Sold (Public Records) $29,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,529 · -33.7% YoY. Source: county tax records.