8301 Riverside Dr NE · St. Petersburg, FL 33702

$399,900

3 bd · 1.0 ba · 1,680 sqft · SingleFamily public records · 42 Days on market

Built 1948 8,207 sqft lot Est $501k · 20% under

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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 +19.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• Schools +4.3/10.0
• 1% rule +3.9/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks

Experience the perfect fusion of art and function in this stunning 3-bedroom, 2-bathroom home, fully renovated in 2025. Designed with an open, sun-drenched floor plan, the 24-foot-wide living area flows seamlessly into a dining space built for eight. The chef’s kitchen is a true centerpiece, featuring all-new stainless appliances, stone countertops, a gas range, and a farmhouse sink. The oversized 18x16 primary suite offers a true private retreat, while the entire home boasts high-end finishes and new front-loading laundry. For maximum insurance savings and peace of mind, the property is fully equipped with hurricane-rated impact windows and a durable metal hip roof. Step outside to y

Key facts

• Open floor plan
• Stone countertops
• Chef kitchen

Tags

• OPEN FLOOR PLAN
• CHEF KITCHEN
• STONE COUNTERTOPS
• GAS RANGE
• FARMHOUSE SINK
• HURRICANE RATED IMPACT WINDOWS

Property features AI

Finance

• Other: Property type: Residential, single-family; Total living area reported as 1,680 square feet; Total rooms: 7
• HOA & community: No HOA/association indicated

Exterior

• Utilities: Public water; Public sewer; High-speed internet available; Electricity available; Propane
• Home design: Single-family residence; One story; Facing northeast
• Construction: Stucco construction; Metal roof; Slab foundation; Built area about 1,911 square feet
• Exterior features: Private mailbox; Road surface: Other; Lot dimensions approximately 70 x 120; Lot size about 0.19 acre

Interior

• Kitchen: Freezer; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning; Attic fan
• Interior features: Ceiling fans; Thermostat; Living room fireplace
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $57 ($687/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 $356k (10.9% below list).
• Recommended offer: $356k (10.9% below list) — sets the bar for 1% rule.
• Cap rate 7.7% 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.
• Market conditions: Rents soft (-2.2%/yr); 383 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,564/mo this rent would consume 63% of the median local household income ($67k/yr) (locally 1000% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k 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 42 days — a 3% lower offer ($388k) is reasonable based on typical stale-listing flexibility.
• 5 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.
• Current owner paid $225k; list at $400k implies a 78% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $356,363 (10.9% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.89% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.19%
• DSCR: 1.23
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $500,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
336 87th Ave NE	0.21mi	3/2.0	1,658 (-1%)	4mo	$550,000	$332	81
7922 2nd Way N	0.33mi	3/2.0	1,630 (-3%)	2mo	$503,000	$309	74
9107 Bay St NE	0.54mi	3/2.0	1,680 (0%)	3mo	$430,000	$256	69
9294 Treasure Ln NE	0.61mi	3/2.0	1,662 (-1%)	1mo	$785,000	$472	65
110 92nd Ave NE	0.55mi	3/2.0	1,559 (-7%)	1mo	$445,000	$285	57
279 79th Ave N	0.35mi	3/2.0	1,479 (-12%)	3mo	$430,000	$291	57
316 89th Ave NE	0.38mi	3/2.5	1,898 (+13%)	0mo	$565,000	$298	54
978 San Carlos Ct NE	0.72mi	2/2.0 (-1)	1,722 (+2%)	2mo	$635,000	$369	52
9045 3rd St N	0.58mi	4/2.0 (+1)	1,545 (-8%)	1mo	$275,000	$178	50
646 80th Ave N	0.59mi	4/2.0 (+1)	1,532 (-9%)	2mo	$450,000	$294	47
7454 Locust St NE	0.51mi	3/2.0	1,448 (-14%)	3mo	$280,000	$193	47
1044 Romano Ct NE	0.68mi	3/2.0	1,501 (-11%)	0mo	$472,500	$315	46

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: -18.7%
• Equity multiple: 0.36×
• Total profit: $-71,547
• Equity at exit: $59,626

10-year hold

• IRR: -18.8%
• Equity multiple: 0.13×
• Total profit: $-97,761
• Equity at exit: $34,576

Cash invested: $111,972 (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 33702

• Rents YoY: -2.2%
• Active inventory: 383
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $3,564 high
• Mortgage (P&I): −$2,097
• Tax from tax record: −$68 /mo · $813/yr
• Insurance: −$167
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$748
• Net cashflow: $57

Break-even live

Break-even rent $3,491

Max offer price $399,900

Occupancy floor 93%

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: $99,975
• Closing costs: $11,997
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
292 Sunlit Cove Dr NE St Petersburg, FL	3.0	2.0	2058	$7,000	$3.40	24d	1	0.35mi
8627 5th St N Saint Petersburg, FL	3.0	3.0	1976	$4,750	$2.40	24d	1	0.48mi
239 93rd Ave N Saint Petersburg, FL	4.0	2.0	1111	$2,905	$2.61	24d	1	0.67mi
1070 Sanabel Ct NE Saint Petersburg, FL	3.0	3.0	1804	$4,500	$2.49	24d	1	0.79mi
861 88th Ave N Saint Petersburg, FL	3.0	2.0	1301	$2,550	$1.96	3d	1	0.87mi
7325 10th St N Saint Petersburg, FL	3.0	2.0	1762	$3,300	$1.87	23d	1	1.08mi
7325 10th St N Saint Petersburg, FL	3.0	2.0	1762	$3,300	$1.87	21d	1	1.08mi
592 100th Ave N #202 Saint Petersburg, FL	2.0	2.5	1260	$2,000	$1.59	3d	1	1.15mi
9940 7th Way N #101 Saint Petersburg, FL	2.0	2.0	1090	$2,000	$1.83	3d	1	1.17mi
720 100th Ave N #203 Saint Petersburg, FL	3.0	2.0	1440	$1,800	$1.25	3d	1	1.19mi
10491 Gandy Blvd N Saint Petersburg, FL	1.0–2.0	1.0–2.0	966	$2,575	$2.67	1d	10	1.36mi
10501 3rd St N Saint Petersburg, FL	1.0–3.0	1.0–2.0	970	$2,095	$2.16	2d	29	1.37mi
10350 2nd Way N St. Petersburg, FL	3.0	2.5	1814	$4,200	$2.32	24d	1	1.43mi
10217 Dolce Vista Dr NE St Petersburg, FL	4.0	2.5	1866	$3,300	$1.77	24d	1	1.43mi
871 Ibis Walk Pl N Saint Petersburg, FL	1.0–3.0	1.0–2.0	1075	$2,955	$2.75	1d	62	1.44mi
10475 Gandy Blvd N Saint Petersburg, FL	3.0	1.0–2.0	996	$2,900	$2.91	1d	4	1.45mi
873 Ibis Walk Pl N Unit 3 St. Petersburg, FL	2.0	2.0	1146	$2,159	$1.88	24d	1	1.47mi

Listing history 18 events

1. 2026-06-01
   days on market $399,900 Active 42 DOM
2. 2026-05-31
   days on market $399,900 Active 41 DOM
3. 2026-04-24
   status Active
4. 2026-04-17
   historical
5. 2026-04-13
   listed $399,900 Active
6. 2026-01-20
   status Active
7. 2026-01-04
   status Pending
8. 2025-12-29
   price $420,000
9. 2025-12-08
   price $435,000
10. 2025-11-25
    listed $450,000 Active
11. 2025-06-13
    soldstatus $225,000
12. 2024-07-21
    historical
13. 2024-06-28
    price $449,000
14. 2024-05-11
    price $475,000
15. 2024-04-14
    listed $499,900 Active
16. 1994-09-20
    soldstatus $89,900
17. 1988-05-24
    soldstatus $66,000
18. 1985-06-01
    soldstatus $48,500

ⓘ 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: $813 · $68/mo
• Projected year-2 tax: $3,319 · $277/mo
• Expected delta: +$2,507/yr (+$209/mo · 308.5%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 26 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,764
• − Mortgage interest: −$22,401
• − Property taxes: −$813
• − Insurance: −$7,118
• − Repairs & maintenance: −$3,421
• − Management: −$3,421
• − Depreciation: −$11,633
• Taxable loss: −$6,043
• Est. tax savings @ 24.0%: +$1,450
• After-tax cash flow: $2,138/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): 31,294
• Household income: $67,463
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 1000.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 12% Two or more races 10% Black 6% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, Jamaica
• Languages at home: 83% English-only · Spanish 8% Russian/Polish/Slavic 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: ▼ -516.17%
• Current HPI: 347.1781
• Rent YoY: ▼ -2.22%
• 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

+724.5% since first listed

16 events — show timeline

• 2026-04-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Listed $399,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-29 Price Changed $420,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-08 Price Changed $435,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-25 Listed $450,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-13 Sold (Public Records) $225,000 Public Records
• 2024-07-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-06-28 Price Changed $449,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-11 Price Changed $475,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-14 Listed $499,900 Stellar MLS as Distributed by MLS Grid
• 1994-09-20 Sold (Public Records) $89,900 Public Records
• 1988-05-24 Sold (Public Records) $66,000 Public Records
• 1985-06-01 Sold (Public Records) $48,500 Public Records

Property tax history

-8.2%/yr

Latest (2025): $813 · -47.4% YoY. Source: county tax records.