5051 75th Ave N #4 · Pinellas Park, FL 33781

$50,000

2 bd · 2.0 ba · 1,165 sqft · Condo public records · 67 Days on market

Built 1971 $825/mo HOA · 42% of rent

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

One or more photo(s) has been virtually staged. ATTENTION CASH INVESTORS! This is the ULTIMATE VALUE-ADD OPPORTUNITY you have been waiting for. Priced aggressively at $50,000 for a quick cash close, this 2-bed, 2-bath, 1,165 sq. ft. ground-floor corner unit shown in the provided listing image_ecfefd. jpg is a COMPLETE BLANK CANVAS ready for your complete renovation vision. Whether you are looking for a FIX-AND-FLIP to maximize ARV or a high-yielding BUY-AND-HOLD asset, the numbers make sense. Please note: There is a one-year rental waiting period. Owners cannot rent to third parties for 365 days from the date they take title, making this the perfect opportunity to take your time with a top-

Key facts

• 82 walk score
• $825 HOA
• Built 1971

Tags

• GROUND-FLOOR CORNER UNIT
• 82 WALK SCORE
• STEPS AWAY FROM GROCERY STORES
• 20-MINUTE DRIVE FROM BEACHES

Property features AI

Finance

• Other: Unfurnished; No lease restrictions reported
• Financial info: Total monthly fees reported as $825; Total annual fees reported as $9,900; Land lease amount $101 monthly
• HOA & community: HOA required (Park Plaza Apts Condo); Monthly HOA dues of $723; Additional association fee of $102 monthly; Community features include street lights; Pets allowed

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Broadband/high-speed internet available; Sewer connected
• Home design: Residential condominium; One level; Faces south; 2 total stories (building)
• Construction: Concrete construction; Other roof; Slab foundation; Built as part of building number 5151
• Exterior features: Other exterior features; Asphalt road surface

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Heat pump; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $50k.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.3% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, 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.
• Zoned schools: Pinellas Central Elementary School (math 51% / reading 45%, grade D, #1,171 of 2,144 statewide, top 55%, 498 students, 64% FRL); Dixie M. Hollins High School (math 30% / reading 40%, grade F, #379 of 667 statewide, top 58%, 1,822 students, 56% FRL).
• Market conditions: Rents soft (-3.0%/yr); 226 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 41% of the median local income ($58k/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 $346 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $33k; list at $50k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.
• 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 $47,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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.
9. 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.
10. 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: 3.90% ✓
• Cap rate: 16.33%
• Cash-on-cash: 35.85%
• DSCR: 2.60
• GRM: 2.1

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: 25.0%
• Equity multiple: 1.95×
• Total profit: $13,326
• Equity at exit: $7,455

10-year hold

• IRR: 28.6%
• Equity multiple: 2.85×
• Total profit: $25,861
• Equity at exit: $4,323

Cash invested: $14,000 (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 33781

• Rents YoY: -3.0%
• Active inventory: 226
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,952 high
• Mortgage (P&I): −$262
• Tax from tax record: −$16 /mo · $193/yr
• Insurance: −$21
• HOA: −$825
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $418

Break-even live

Break-even rent $1,423

Max offer price $50,000

Occupancy floor 74%

Sensitivity live

Price	-10% $447	-5% $432	+0% $418	+5% $404	+10% $390
Rent	-10% $264	-5% $341	+0% $418	+5% $495	+10% $573
Rate	-1.0pp $443	-0.5pp $431	base $418	+0.5pp $405	+1.0pp $392

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5060 76th Ave N #409 Pinellas Park, FL	1.0	1.0	750	$1,295	$1.73	22d	1	0.05mi
7800 52nd St N Pinellas Park, FL	3.0	1.0	1163	$1,850	$1.59	25d	1	0.24mi
7050 48th St N Pinellas Park, FL	3.0	1.5	1008	$2,350	$2.33	25d	1	0.35mi
4675 72nd Ave N Pinellas Park, FL	2.0	1.0	750	$1,649	$2.20	22d	1	0.37mi
4771 78th Ave N Pinellas Park, FL	2.0	2.0	903	$1,640	$1.82	24d	1	0.39mi
6898 47th Ln N Pinellas Park, FL	3.0	2.5	1500	$2,525	$1.68	25d	1	0.46mi
4520 76th Ave N Pinellas Park, FL	2.0	1.0	700	$1,545	$2.21	25d	1	0.50mi
4631 69th Pl N Pinellas Park, FL	3.0	2.5	1420	$2,595	$1.83	25d	1	0.51mi
4732 68th Ave N Pinellas Park, FL	2.0	3.0	1210	$2,000	$1.65	25d	1	0.53mi
5597 67th Ave N Unit 423 Pinellas Park, FL	2.0	2.0	845	$2,000	$2.37	2d	1	0.62mi
8400 49th St N Pinellas Park, FL	1.0–2.0	1.0–2.0	707	$1,749	$2.47	2d	22	0.62mi
5401 65th Ter Apt B Pinellas Park, FL	2.0	2.0	832	$1,450	$1.74	25d	1	0.63mi
5511 65th Ter N Pinellas Park, FL	3.0	2.0	1212	$2,466	$2.03	15d	1	0.67mi
8311 56th Way Unit 2 Pinellas Park, FL	1.0	1.0	750	$2,200	$2.93	25d	1	0.70mi
7005 59th St N Pinellas Park, FL	3.0	2.0	1274	$2,889	$2.27	25d	1	0.72mi
4940 87th Ave Unit C Pinellas Park, FL	2.0	1.0	700	$2,600	$3.71	25d	1	0.76mi
4071 76th Ave N Pinellas Park, FL	2.0	1.0	700	$1,724	$2.46	4d	3	0.85mi
6045 71st Ave N Pinellas Park, FL	3.0	2.0	1200	$3,150	$2.62	5d	1	0.87mi
4057 71st Ter N Pinellas Park, FL	3.0	2.5	1420	$2,650	$1.87	5d	1	0.87mi
4355 84th Ave N Pinellas Park, FL	1.0	1.0	700	$1,550	$2.21	3d	10	0.88mi
4701 88th Ave N Pinellas Park, FL	1.0–2.0	1.0–2.0	855	$1,853	$2.17	11d	20	0.99mi
5577 89th Ave N Pinellas Park, FL	3.0	1.0	1340	$2,170	$1.62	4d	1	1.00mi
5561 90th Ave N Pinellas Park, FL	3.0	2.0	1379	$2,385	$1.73	4d	1	1.05mi
4973 91st Ave Unit 12 (C) Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	15d	1	1.05mi
4973 91st Ave Unit C Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	14d	1	1.05mi
7102 62nd St N Pinellas Park, FL	2.0	1.0	816	$1,850	$2.27	15d	1	1.06mi
8851 US Highway 19 N Pinellas Park, FL	1.0–3.0	1.0–2.0	993	$2,295	$2.31	2d	23	1.09mi
5957 McKee Lake Dr N Saint Petersburg, FL	3.0	2.0	1152	$2,400	$2.08	5d	1	1.14mi
5691 92nd Ave N Pinellas Park, FL	3.0	2.0	1152	$2,300	$2.00	4d	1	1.20mi
7380 63rd St Unit 90 Pinellas Park, FL	2.0	1.0	850	$1,300	$1.53	15d	1	1.20mi
7200 63rd St Unit 7250-D Pinellas Park, FL	2.0	1.0	845	$1,595	$1.89	25d	1	1.22mi
3715 66th Ave N Unit B Pinellas Park, FL	2.0	1.0	750	$1,475	$1.97	22d	1	1.27mi
5865 92nd Ave N Pinellas Park, FL	3.0	2.0	1062	$2,400	$2.26	18d	1	1.27mi
5870 56th Ave N Kenneth City, FL	2.0	1.0–2.0	850	$1,595	$1.88	4d	7	1.28mi
4091 58th Ave N Unit F St. Petersburg, FL	2.0	1.0	900	$1,595	$1.77	3d	1	1.29mi
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$2,297	$2.19	3d	19	1.31mi
5541 Lown St N Apt S St. Petersburg, FL	2.0	1.0	850	$1,600	$1.88	8d	1	1.31mi
5540 59th St N Saint Petersburg, FL	2.0	1.0	824	$2,100	$2.55	5d	1	1.40mi
5641 94th Ter N Pinellas Park, FL	3.0	2.0	1066	$2,200	$2.06	8d	1	1.42mi
5358 97th Ter N Pinellas Park, FL	3.0	2.0	1158	$2,360	$2.04	4d	1	1.43mi

HOA detail condo

• Monthly dues: $825 · $9,900/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 21 events

1. 2026-06-18
   days on market $50,000 Active 67 DOM
2. 2026-06-17
   days on market $50,000 Active 66 DOM
3. 2026-06-16
   days on market $50,000 Active 65 DOM
4. 2026-06-15
   days on market $50,000 Active 64 DOM
5. 2026-06-13
   days on market $50,000 Active 62 DOM
6. 2026-06-09
   days on market $50,000 Active 58 DOM
7. 2026-06-08
   days on market $50,000 Active 57 DOM
8. 2026-06-07
   days on market $50,000 Active 56 DOM
9. 2026-06-04
   pricedays on market $50,000 Active 53 DOM
10. 2026-06-03
    days on market $59,000 Active 52 DOM
11. 2026-06-01
    days on market $59,000 Active 50 DOM
12. 2026-05-31
    days on market $59,000 Active 49 DOM
13. 2026-05-22
    price $59,000
14. 2026-05-09
    price $79,500
15. 2026-04-25
    price $89,500
16. 2026-04-20
    price $99,500
17. 2026-04-12
    listed $105,000 Active
18. 1999-05-17
    soldstatus $33,000
19. 1999-05-17
    soldstatus $33,000
20. 1991-05-01
    soldstatus $30,000
21. 1991-05-01
    soldstatus $30,000

ⓘ 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: $193 · $16/mo
• Projected year-2 tax: $415 · $35/mo
• Expected delta: +$222/yr (+$19/mo · 115.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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: $23,429
• − Mortgage interest: −$2,801
• − Property taxes: −$193
• − Insurance: −$250
• − Repairs & maintenance: −$1,874
• − Management: −$1,874
• − HOA: −$9,900
• − Depreciation: −$1,455
• Taxable income: $5,082
• Est. tax owed @ 24.0%: −$1,220
• After-tax cash flow: $3,800/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 28,072
• Household income: $57,785
• Rent vs Own: 35.6% rent · 64.4% own
• Severe rent burden: 1115.0

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 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 16% Asian 14% Two or more races 11% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 5%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 18% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 12% Vietnamese 7% Other Asian/Pacific 3%

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: ▼ -409.77%
• Current HPI: 348.546
• Rent YoY: ▼ -2.95%
• 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

+96.7% since first listed

9 events — show timeline

• 2026-05-22 Price Changed $59,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-09 Price Changed $79,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-25 Price Changed $89,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Price Changed $99,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-12 Listed $105,000 Stellar MLS as Distributed by MLS Grid
• 1999-05-17 Sold (Public Records) $33,000 Public Records
• 1999-05-17 Sold (Public Records) $33,000 Public Records
• 1991-05-01 Sold (Public Records) $30,000 Public Records
• 1991-05-01 Sold (Public Records) $30,000 Public Records

Property tax history

-10.1%/yr

Latest (2025): $193 · +15.1% YoY. Source: county tax records.