217 43rd Ave NE · St. Petersburg, FL 33703

$389,900

4 bd · 3.0 ba · 2,189 sqft · SingleFamily public records · 362 Days on market

Built 1954 7,532 sqft lot

---

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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity knocks in the highly desirable North East Park neighborhood! This spacious 4 bedroom, 3 bathroom block construction home with an attached garage offers incredible potential for the right buyer. Whether you’re an investor or a homeowner ready to renovate and make it your own, this property is a blank canvas waiting for your vision. With a functional layout and solid structure, the possibilities are endless—open up the floor plan, create your dream kitchen, and reimagine the bathrooms. Bring your tools and creativity—homes with this much space and potential don’t last long!

Key facts

• Incredible potential
• Functional layout
• Solid structure

Tags

• NORTH EAST PARK NEIGHBORHOOD
• BLOCK CONSTRUCTION
• FUNCTIONAL LAYOUT
• SOLID STRUCTURE
• INCREDIBLE POTENTIAL

Property features AI

Finance

• Other: Lot dimensions approximately 60 x 125 on a 0.17-acre lot (about 700 sq meters); Paved road access; No waterfront; Lease restrictions apply

Exterior

• Parking: Alley access and driveway; Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity available; Water available
• Home design: Single-family residence; One story; South-facing; Fixer condition; Homestead property
• Construction: Block construction; Shingle roof; Slab foundation; Building area about 2,551 total; Living area about 2,189
• Exterior features: Private mailbox; Storage

Interior

• Kitchen: No appliances listed
• Bedrooms: 4 bedrooms
• Flooring: Other flooring
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Living room/dining room combo
• Laundry & utility: Laundry located inside

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $390k.

Deal economics

• At list price, monthly cash flow is $410 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $390k).
• Recommended offer: $343k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.9% 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 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 rising (+2.2%/yr); 457 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,995/mo this rent would consume 50% of the median local household income ($95k/yr) (locally 509% 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 362 days — a 12% lower offer ($343k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $68k; list at $390k implies a 477% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1954 — 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $343,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 362 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.02% ✓
• Cap rate: 8.87%
• Cash-on-cash: 9.19%
• DSCR: 1.41
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $794,607
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
413 43rd Ave NE	0.11mi	4/3.0	1,947 (-11%)	0mo	$690,000	$354	76
380 Fan Palm Ct NE	0.37mi	4/2.0	2,085 (-5%)	2mo	$810,000	$388	70
510 48th Ave N	0.62mi	4/2.0	2,128 (-3%)	3mo	$685,000	$322	60
3925 1st St NE	0.27mi	3/2.0 (-1)	2,268 (+4%)	15mo	$1,095,000	$483	60
1077 40th Ave NE	0.73mi	4/3.0	2,234 (+2%)	4mo	$312,140	$140	60
772 Live Oak Ter NE	0.63mi	4/3.0	2,301 (+5%)	6mo	$905,000	$393	57
208 47th Ave N	0.32mi	4/3.0	1,935 (-12%)	17mo	$814,000	$421	51
331 44th Ave N	0.33mi	3/2.0 (-1)	1,951 (-11%)	8mo	$380,000	$195	51
939 39th Ave NE	0.63mi	3/2.0 (-1)	1,936 (-12%)	2mo	$649,000	$335	40
527 49th Ave N	0.69mi	4/4.0	2,376 (+8%)	18mo	$1,029,000	$433	35
970 45th Ave NE	0.64mi	4/3.0	2,499 (+14%)	14mo	$750,000	$300	34
472 36th Ave N	0.69mi	5/2.0 (+1)	2,000 (-9%)	13mo	$725,000	$363	33

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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.63×
• Total profit: $-40,150
• Equity at exit: $58,135

10-year hold

• IRR: -1.9%
• Equity multiple: 0.87×
• Total profit: $-13,719
• Equity at exit: $33,711

Cash invested: $109,172 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $3,995 high
• Mortgage (P&I): −$2,045
• Tax from tax record: −$113 /mo · $1,352/yr
• Insurance: −$162
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$839
• Net cashflow: $410

Break-even live

Break-even rent $3,476

Max offer price $389,900

Occupancy floor 85%

Sensitivity live

Price	-10% $630	-5% $520	+0% $410	+5% $299	+10% $189
Rent	-10% $94	-5% $252	+0% $410	+5% $567	+10% $725
Rate	-1.0pp $606	-0.5pp $509	base $410	+0.5pp $309	+1.0pp $206

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: $97,475
• Closing costs: $11,697
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
541 40th Ave NE Saint Petersburg, FL	3.0	1.0	1630	$3,000	$1.84	25d	1	0.29mi
742 45th Ave NE Saint Petersburg, FL	3.0	3.0	1900	$5,200	$2.74	5d	1	0.42mi
210 50th Ave N Saint Petersburg, FL	4.0	3.5	2300	$5,000	$2.17	25d	1	0.50mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	15d	1	0.55mi
628 51st Ave N Saint Petersburg, FL	3.0	2.5	1480	$2,800	$1.89	4d	1	0.76mi
5185 6th Way N St Petersburg, FL	3.0	2.5	1480	$3,150	$2.13	5d	1	0.82mi
617 52nd Ave N Saint Petersburg, FL	3.0	2.5	1481	$3,250	$2.19	5d	1	0.83mi
4628 Dr Martin Luther King Jr St N Saint Petersburg, FL	3.0	2.0	1421	$2,950	$2.08	25d	1	0.96mi
5925 1st St NE Saint Petersburg, FL	3.0	2.0	1510	$2,799	$1.85	5d	1	1.06mi
3411 Iris St N Saint Petersburg, FL	3.0	2.0	2000	$2,250	$1.12	25d	1	1.11mi
3436 Iris St N Saint Petersburg, FL	4.0	2.0	2406	$3,100	$1.29	19d	1	1.15mi
1156 37th Ave N Saint Petersburg, FL	3.0	3.0	2178	$3,600	$1.65	11d	1	1.22mi
1155 53rd Ave N Saint Petersburg, FL	3.0	2.0	1790	$3,500	$1.96	5d	1	1.33mi
622 24th Ave N Saint Petersburg, FL	3.0	2.5	2196	$4,600	$2.09	19d	1	1.34mi
622 24th Ave N Saint Petersburg, FL	3.0	2.5	2196	$4,600	$2.09	21d	1	1.34mi
926 Cordova Blvd NE Saint Petersburg, FL	4.0	3.0	2554	$7,500	$2.94	5d	1	1.38mi
300 Brightwaters Blvd NE Saint Petersburg, FL	3.0	3.0	2448	$7,500	$3.06	5d	1	1.44mi

Listing history 14 events

1. 2026-06-17
   days on market $389,900 Active 362 DOM
2. 2026-06-16
   days on market $389,900 Active 361 DOM
3. 2026-06-15
   days on market $389,900 Active 360 DOM
4. 2026-06-13
   days on market $389,900 Active 358 DOM
5. 2026-06-09
   days on market $389,900 Active 354 DOM
6. 2026-06-08
   days on market $389,900 Active 353 DOM
7. 2026-06-07
   days on market $389,900 Active 352 DOM
8. 2026-06-04
   days on market $389,900 Active 349 DOM
9. 2026-06-03
   days on market $389,900 Active 348 DOM
10. 2026-06-01
    days on market $389,900 Active 346 DOM
11. 2026-05-31
    days on market $389,900 Active 345 DOM
12. 2025-06-20
    listed $389,900 Active
13. 1995-05-26
    soldstatus $67,600
14. 1989-10-12
    soldstatus $59,000

ⓘ 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: $1,352 · $113/mo
• Projected year-2 tax: $3,236 · $270/mo
• Expected delta: +$1,885/yr (+$157/mo · 139.4%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 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: $47,938
• − Mortgage interest: −$21,840
• − Property taxes: −$1,352
• − Insurance: −$7,068
• − Repairs & maintenance: −$3,835
• − Management: −$3,835
• − Depreciation: −$11,343
• Taxable loss: −$1,335
• Est. tax savings @ 24.0%: +$320
• After-tax cash flow: $5,236/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): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% 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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

+560.8% since first listed

3 events — show timeline

• 2025-06-20 Listed $389,900 Stellar MLS as Distributed by MLS Grid
• 1995-05-26 Sold (Public Records) $67,600 Public Records
• 1989-10-12 Sold (Public Records) $59,000 Public Records

Property tax history

-5.3%/yr

Latest (2025): $1,352 · -2.6% YoY. Source: county tax records.