2315 Central Ave · St. Petersburg, FL 33713

$42,500

2 bd · 2.0 ba · 700 sqft · Other · 14 Days on market

Built 1994 Good condition

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Condition / age +3.8/5.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautifully Renovated Mobile Home & acirc; & euro; & ldquo; 55+ Community ? 2 Bedrooms | 1.5 Bathrooms ? Fully Renovated (Inside & amp; Out) ? Brand New Roof ? All New Electrical ?? Located in a peaceful, well-maintained 55+ community ?? Lot Rent: $740/month ?? Price: $42,000 ?? Reasonable Offers Accepted ?? Private seller & acirc; & euro; & rdquo; willing to work with your budget

Key facts

• All new electrical
• Brand new roof
• Built 1994

Tags

• RENOVATED MOBILE HOME
• BRAND NEW ROOF
• ALL NEW ELECTRICAL

Property features AI

Exterior

• Home design: Built in 1994; Single-family property
• Construction: 700 square feet living area
• Exterior features: Historic Kenwood subdivision location

Interior

• Bedrooms: Bedrooms: Not specified
• Bathrooms: Bathrooms: Not specified
• Interior features: Located in the Historic Kenwood neighborhood

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $42k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $42k).
• Cap rate 45.9% 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.
• Market conditions: Rents flat; 311 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 9d 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 35% of the median local income ($75k/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 $294 of loan paydown is wiped out by about $1k 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 + 0.7% rent growth), your $12k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $42,500

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 5.06% ✓
• Cap rate: 45.93%
• Cash-on-cash: 141.56%
• DSCR: 7.30
• GRM: 1.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.52×
• Total profit: $77,630
• Equity at exit: $6,337

10-year hold

• IRR: —
• Equity multiple: 14.75×
• Total profit: $163,578
• Equity at exit: $3,675

Cash invested: $11,900 (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 33713

• Rents YoY: 0.7%
• Active inventory: 311
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $2,149 high
• Mortgage (P&I): −$223
• Tax est. 1.5%: −$53 /mo · $638/yr
• Insurance: −$18
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $1,404

Break-even live

Break-even rent $372

Max offer price $42,500

Occupancy floor 30%

Sensitivity live

Price	-10% $1,433	-5% $1,418	+0% $1,404	+5% $1,389	+10% $1,374
Rent	-10% $1,234	-5% $1,319	+0% $1,404	+5% $1,489	+10% $1,574
Rate	-1.0pp $1,425	-0.5pp $1,415	base $1,404	+0.5pp $1,393	+1.0pp $1,382

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: $10,625
• Closing costs: $1,275
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2134 2nd Ave N St. Petersburg, FL	1.0	1.0	350	$1,195	$3.41	9d	1	0.19mi
2606 1st Ave S Saint Petersburg, FL	1.0	1.0	600	$1,600	$2.67	25d	1	0.25mi
2651 2nd Ave S Saint Petersburg, FL	1.0	1.0	350	$1,475	$4.21	4d	1	0.30mi
1960 4th Ave N Saint Petersburg, FL	1.0	1.0	650	$1,295	$1.99	25d	1	0.43mi
1701 Central Ave Saint Petersburg, FL	2.0	1.0–2.0	837	$3,640	$4.35	2d	19	0.49mi
201 17th St S Saint Petersburg, FL	1.0–3.0	1.0–2.0	1073	$3,438	$3.20	3d	20	0.51mi
1661 Central Ave St. Petersburg, FL	2.0	1.0–2.0	804	$3,242	$4.03	3d	15	0.57mi
160 16th St N Saint Petersburg, FL	2.0	1.0–2.0	903	$4,275	$4.73	5d	17	0.59mi
3100 Central Ave Saint Petersburg, FL	1.0–2.0	1.0–2.0	880	$2,660	$3.02	3d	10	0.65mi
2455 8th Ave N Unit 3 St. Petersburg, FL	2.0	1.0	520	$1,300	$2.50	19d	1	0.66mi
3022 Dartmouth Ave N Unit 1 St. Petersburg, FL	1.0	1.0	700	$5,000	$7.14	4d	1	0.69mi
3022 Dartmouth Ave N Unit 3 St. Petersburg, FL	1.0	1.0	700	$1,500	$2.14	4d	1	0.69mi
1560 Central Ave Saint Petersburg, FL	2.0	1.0–2.0	870	$3,349	$3.85	2d	17	0.69mi
3201 3rd Ave N Saint Petersburg, FL	2.0	1.0–2.5	932	$3,040	$3.26	4d	39	0.79mi
1036 19th St S Saint Petersburg, FL	2.0	1.0	575	$1,500	$2.61	25d	1	0.87mi
925 17th St S Unit B St. Petersburg, FL	1.0	1.0	500	$1,400	$2.80	21d	1	0.88mi
2030 12th Ave S St. Petersburg, FL	1.0	1.0	622	$1,325	$2.13	13d	1	0.89mi
1204 21st St S St. Petersburg, FL	1.0	1.0	584	$1,325	$2.27	16d	1	0.89mi
1020 Queen St N Unit 1020A St. Petersburg, FL	1.0	1.0	480	$1,500	$3.12	13d	1	0.92mi
2495 13th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	600	$2,100	$3.50	25d	1	0.97mi
3435 3rd Ave N Saint Petersburg, FL	1.0–2.0	1.0	772	$1,795	$2.32	3d	4	0.97mi
3460 4th Ave S Unit 3 St. Petersburg, FL	2.0	1.0	544	$1,800	$3.31	25d	1	0.99mi
3460 4th Ave S Unit 1 St. Petersburg, FL	1.0	1.0	544	$1,550	$2.85	25d	1	0.99mi
2547 14th Ave S Saint Petersburg, FL	2.0	1.0	726	$2,800	$3.86	5d	1	0.99mi
1000 1st Ave N St. Petersburg, FL	3.0	1.0–2.5	1123	$5,156	$4.59	3d	100	1.01mi
2301 14th Ave N Saint Petersburg, FL	2.0	1.0	624	$4,500	$7.21	5d	1	1.02mi
3550 2nd Ave S St. Petersburg, FL	2.0	1.0	720	$2,800	$3.89	25d	1	1.04mi
1310 28th St N Saint Petersburg, FL	2.0	1.0	542	$1,800	$3.32	25d	1	1.05mi
930 Central Ave Saint Petersburg, FL	2.0	1.0–2.0	888	$3,695	$4.16	2d	16	1.05mi
2020 14th Ave S Unit B St. Petersburg, FL	1.0	1.0	500	$1,640	$3.28	9d	1	1.06mi
2028 14th Ave S Unit B St. Petersburg, FL	1.0	1.0	500	$1,640	$3.28	25d	1	1.06mi
305 Doctor Martin Luther King Junior St S #843 St. Petersburg, FL	2.0	1.0–2.0	620	$3,200	$5.16	21d	46	1.11mi
1771 15th Ave S Unit 1/2 St. Petersburg, FL	2.0	1.0	624	$1,195	$1.92	9d	1	1.13mi
819 11th St N Unit 3 St. Petersburg, FL	1.0	1.0	675	$1,950	$2.89	11d	1	1.15mi
985 8th Ave S Unit N St. Petersburg, FL	1.0	1.0	560	$1,500	$2.68	25d	1	1.16mi
555 Dr Martin Luther King Jr St S Saint Petersburg, FL	1.0	1.0	746	$2,278	$3.05	3d	5	1.17mi
1363 1/2 15th St S St. Petersburg, FL	2.0	1.0	500	$1,100	$2.20	23d	1	1.18mi
855 Central Ave Saint Petersburg, FL	3.0	1.0–2.5	1432	$5,479	$3.83	3d	22	1.18mi
1037 12th St N Unit 1 St. Petersburg, FL	1.0	1.0	650	$1,500	$2.31	5d	1	1.20mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	12d	1	1.24mi

Listing history 1 events

1. 2026-05-12
   listed $42,500 Active

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

Taxation est. · year 1

• Rental income: $25,785
• − Mortgage interest: −$2,381
• − Property taxes: −$638
• − Insurance: −$212
• − Repairs & maintenance: −$2,063
• − Management: −$2,063
• − Depreciation: −$1,236
• Taxable income: $17,192
• Est. tax owed @ 24.0%: −$4,126
• After-tax cash flow: $12,719/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

Good 75/100 Cosmetic rehab

This property is in excellent condition with recent renovations, making it move-in ready and suitable for both resale and rental.

Value-add opportunities

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in bathrooms and kitchen — Improves functionality and aesthetics
• Both New window treatments — Enhances curb appeal and interior aesthetics

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms and kitchen — Improves functionality and aesthetics ↑
• Both New window treatments — Enhances curb appeal and interior aesthetics ↑

ⓘ 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 — 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): 31,729
• Household income: $74,707
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 1076.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 13% Two or more races 9% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 9% Other Asian/Pacific 2% Vietnamese 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: ▼ -439.69%
• Current HPI: 478.8317
• Rent YoY: ▲ 0.67%
• 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

1 event — show timeline

• 2026-05-12 Listed $42,500 FSBO.com