4941 Newton Ave S · Gulfport, FL 33707

$189,000

3 bd · 1.0 ba · 720 sqft · SingleFamily public records · 27 Days on market

Built 1952 4,251 sqft lot Est $268k · 29% under

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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 +24.0/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• 1% rule +6.2/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Calling all investors, Gulfport Fixer upper. CASH ONLY

Key facts

• 4,251 sq ft lot
• Built 1952
• Listed 27 days

Property features AI

Finance

• Other: Lot about 0.1 acre (approx. 40 x 106); Total acreage less than 1/4 acre
• Financial info: Lease restrictions apply
• HOA & community: No homeowners association

Exterior

• Utilities: Public water; Public sewer; Sewer connected
• Home design: Single-family residence; Residential property; Fixer condition; One story; Faces south; Entry level: One
• Construction: Frame construction; Shingle roof; Stem wall foundation; Built area approximately 720 square feet
• Exterior features: Other exterior features; Concrete road frontage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: No central heating; Wall/window air conditioning units
• Interior features: Other interior features
• Laundry & utility: Laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $371 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $186k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.0% in Gulfport — 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 79/100 on livability (#151 in FL, #2,285 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, amenities D.
• 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: Gulfport Montessori Elementary School (math 35% / reading 33%, grade F, #1,744 of 2,144 statewide, top 82%, 435 students, 86% FRL); Azalea Middle School (math 26% / reading 27%, grade F, #503 of 571 statewide, top 88%, 678 students, 74% FRL); Boca Ciega High School (math 24% / reading 33%, grade F, #458 of 667 statewide, top 69%, 1,423 students, 64% FRL) — zoned schools average 74% FRL vs 48% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 30% at this address vs 51% district-wide (-21 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.6%/yr); 462 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $6k 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 27 days — a 2% lower offer ($186k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $42k; list at $189k implies a 345% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $186,165 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.12% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.41%
• DSCR: 1.37
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $267,840
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4941 Newton Ave S	0.00mi	3/1.0	720 (0%)	1mo	$160,000	$222	100
5009 12th Ave S	0.15mi	3/1.0	804 (+12%)	5mo	$319,000	$397	69
1711 45th St S	0.46mi	3/1.0	720 (0%)	12mo	$225,000	$313	68
5314 6th Ave S	0.66mi	2/1.0 (-1)	696 (-3%)	1mo	$259,000	$372	58
5130 Pine Grove Ter S	0.29mi	2/1.0 (-1)	654 (-9%)	11mo	$297,000	$454	57
5129 17th Ave S	0.21mi	2/1.0 (-1)	612 (-15%)	4mo	$275,000	$449	57
5117 Tangerine Ave S	0.30mi	2/1.0 (-1)	624 (-13%)	2mo	$305,000	$489	57
4371 18th Ave S	0.59mi	2/1.0 (-1)	752 (+4%)	6mo	$282,000	$375	55
4627 19th Ave S	0.47mi	2/1.0 (-1)	648 (-10%)	5mo	$125,000	$193	53
4601 21st Ave S	0.58mi	2/1.0 (-1)	780 (+8%)	4mo	$237,000	$304	51
4727 6th Ave S	0.61mi	2/1.5 (-1)	792 (+10%)	4mo	$229,000	$289	45
5410 19th Ave S	0.53mi	2/1.0 (-1)	810 (+12%)	9mo	$275,000	$340	42

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: -6.9%
• Equity multiple: 0.75×
• Total profit: $-13,144
• Equity at exit: $28,181

10-year hold

• IRR: -1.5%
• Equity multiple: 0.91×
• Total profit: $-4,784
• Equity at exit: $16,341

Cash invested: $52,920 (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 33707

• Rents YoY: -0.6%
• Active inventory: 462
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,108 high
• Mortgage (P&I): −$991
• Tax from tax record: −$224 /mo · $2,688/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $371

Break-even live

Break-even rent $1,638

Max offer price $189,000

Occupancy floor 77%

Sensitivity live

Price	-10% $478	-5% $425	+0% $371	+5% $318	+10% $264
Rent	-10% $205	-5% $288	+0% $371	+5% $454	+10% $538
Rate	-1.0pp $466	-0.5pp $419	base $371	+0.5pp $322	+1.0pp $272

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4545 12th Ave S Saint Petersburg, FL	2.0	1.0	660	$2,000	$3.03	6d	1	0.40mi
5709 18th Ave S Gulfport, FL	2.0	1.0	704	$2,200	$3.12	0d	1	0.65mi
3936 9th Ave S Saint Petersburg, FL	2.0	1.0	696	$1,895	$2.72	9d	1	0.92mi
3936 9th Ave S Saint Petersburg, FL	2.0	1.0	696	$1,895	$2.72	0d	1	0.92mi
3017 49th St S Gulfport, FL	2.0	1.0	632	$1,650	$2.61	3d	1	1.12mi
3017 49th St S Unit 12 Gulfport, FL	2.0	1.0	750	$1,600	$2.13	3d	1	1.12mi
118 48th St N Unit A St. Petersburg, FL	2.0	1.0	680	$1,800	$2.65	26d	1	1.14mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	26d	1	1.26mi
3774 Abington Ave S Unit A St. Petersburg, FL	2.0	1.0	710	$1,400	$1.97	14d	1	1.33mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	9d	1	1.46mi
3460 4th Ave S Unit 3 St. Petersburg, FL	2.0	1.0	544	$1,800	$3.31	26d	1	1.47mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	12d	1	1.47mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	0d	1	1.47mi
3550 2nd Ave S St. Petersburg, FL	2.0	1.0	720	$2,800	$3.89	26d	1	1.48mi

Listing history 10 events

1. 2026-05-21
   status Pending
2. 2026-05-13
   price $189,000
3. 2026-05-08
   price $199,000
4. 2026-05-08
   price $19,900
5. 2026-05-02
   status Active
6. 2026-04-16
   status Pending
7. 2026-04-08
   listed $199,999 Active
8. 2001-06-15
   soldstatus $42,500
9. 1992-03-20
   soldstatus $11,300
10. 1991-08-05
    soldstatus $29,900

ⓘ 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: $2,688 · $224/mo
• Projected year-2 tax: $2,688 · $224/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,291
• − Mortgage interest: −$10,587
• − Property taxes: −$2,688
• − Insurance: −$945
• − Repairs & maintenance: −$2,023
• − Management: −$2,023
• − Depreciation: −$5,498
• Taxable income: $1,526
• Est. tax owed @ 24.0%: −$366
• After-tax cash flow: $4,087/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 — Gulfport

• Score: 79/100
• State rank: #151
• US rank: #2285

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, FL
• County: Pinellas County · 939,478 people
• City population: 24,324
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 24,324
• Household income: $69,951
• Rent vs Own: 30.1% rent · 69.9% own
• Severe rent burden: 1371.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 7% Hispanic / Latino 7% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 1% French/Haitian/Cajun 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: ▼ -555.96%
• Current HPI: 359.4858
• Rent YoY: ▼ -0.61%
• 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

+532.1% since first listed

10 events — show timeline

• 2026-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-13 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $19,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Listed $199,999 Stellar MLS as Distributed by MLS Grid
• 2001-06-15 Sold (Public Records) $42,500 Public Records
• 1992-03-20 Sold (Public Records) $11,300 Public Records
• 1991-08-05 Sold (Public Records) $29,900 Public Records

Property tax history

+9.8%/yr

Latest (2025): $2,688 · +10.4% YoY. Source: county tax records.