1500 N Dakota Ave NE · St. Petersburg, FL 33703

$290,000

2 bd · 2.0 ba · 1,616 sqft · SingleFamily public records · 1 Days on market

Built 1967 0.26 ac lot Est $545k · 47% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• 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

Imagine the possibilities with this large 2-bedroom, 2-bathroom corner lot block home in one of the most desirable and convenient locations in northeast St Pete. Step out back through the rear sliders to your spacious fenced-in back yard with ample room for a pool. Roof is only 10 years old and the water heater is brand new. Adjacent to million dollar waterfront homes in Ponderosa Shores and Denver Park this is an incredible opportunity. The location offers convenient access to a variety of amenities, including shopping centers, the new Whole Foods, coffee shops, fitness clubs, restaurants, and a vibrant downtown St Pete. Nearby public boat ramps, outdoor parks, beaches, and golf courses ma

Key facts

• Fenced-in back yard
• New water heater
• Public boat ramps

Tags

• CORNER LOT
• FENCED-IN BACK YARD
• NEW WATER HEATER
• PUBLIC BOAT RAMPS
• OUTDOOR PARKS

Property features AI

Finance

• Other: Homestead exempt; No lease restrictions
• HOA & community: No HOA; Street lights in community; Pets allowed

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Electricity connected; Natural gas available; Cable available; Fiber optics available; Phone available; Sewer connected; Water available
• Home design: Single family residence; Residential property; One level; North-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.26-acre lot
• Exterior features: Hurricane shutters; Rain gutters; Sidewalk; Sliding doors; Storage

Interior

• Kitchen: Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Interior laundry room (inside)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $774 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $290k).
• Cap rate 11.3% 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 B — 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); 451 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 $3,770/mo this rent would consume 48% 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 $2k of loan paydown is wiped out by about $9k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $131k; list at $290k implies a 122% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $290,000

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.30% ✓
• Cap rate: 11.26%
• Cash-on-cash: 17.74%
• DSCR: 1.79
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $544,592
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5116 Venetian Blvd NE	0.25mi	3/2.0 (+1)	1,703 (+5%)	4mo	$420,000	$247	71
6000 19th St NE	0.42mi	3/2.0 (+1)	1,556 (-4%)	2mo	$525,000	$337	68
1899 Shore Acres Blvd NE	0.46mi	3/2.0 (+1)	1,560 (-4%)	0mo	$575,000	$369	68
1567 Delaware Ave NE	0.64mi	2/2.0	1,575 (-2%)	0mo	$710,000	$451	66
4320 Huntington St NE	0.64mi	3/2.0 (+1)	1,600 (-1%)	3mo	$475,000	$297	61
1900 Arrowhead Dr NE	0.43mi	3/2.0 (+1)	1,706 (+6%)	10mo	$655,000	$384	57
6001 19th St NE	0.41mi	3/2.0 (+1)	1,432 (-11%)	4mo	$529,000	$369	53
2027 Montana Ave NE	0.63mi	3/2.0 (+1)	1,626 (+1%)	14mo	$310,000	$191	53
5523 18th St NE	0.24mi	3/2.0 (+1)	1,384 (-14%)	9mo	$527,000	$381	52
4400 Helena St NE	0.64mi	3/2.0 (+1)	1,660 (+3%)	11mo	$350,000	$211	51
1524 Carson Cir NE	0.59mi	3/2.0 (+1)	1,439 (-11%)	8mo	$300,000	$208	43
4090 14th Ln NE	0.72mi	3/2.0 (+1)	1,805 (+12%)	4mo	$515,000	$285	39

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: -0.2%
• Equity multiple: 0.99×
• Total profit: $-495
• Equity at exit: $43,240

10-year hold

• IRR: 8.7%
• Equity multiple: 1.64×
• Total profit: $51,761
• Equity at exit: $25,074

Cash invested: $81,200 (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: 451
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $3,770 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$136 /mo · $1,636/yr
• Insurance: −$121
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$792
• Net cashflow: $774

Break-even live

Break-even rent $2,791

Max offer price $290,000

Occupancy floor 74%

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	17d	1	0.17mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	4d	1	0.20mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	2d	1	0.20mi
1733 Bayou Grande Blvd NE Saint Petersburg, FL	2.0	1.0	1735	$4,750	$2.74	24d	1	0.26mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	4d	1	0.28mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	4d	1	0.37mi
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	4d	1	0.46mi
4480 Overlook Dr NE #17 Saint Petersburg, FL	2.0	2.0	1145	$2,250	$1.97	20d	1	0.72mi
4227 Helena St NE Saint Petersburg, FL	2.0	1.0	1134	$3,200	$2.82	4d	1	0.74mi
4165 13th Ln NE Saint Petersburg, FL	2.0	2.0	1438	$4,700	$3.27	4d	1	0.78mi
4095 14th St NE Saint Petersburg, FL	2.0	2.0	1791	$3,795	$2.12	4d	1	0.79mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	4d	1	0.89mi
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	14d	1	0.91mi
3901 Helena St NE Saint Petersburg, FL	3.0	2.0	1195	$2,590	$2.17	14d	1	0.98mi
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	4d	1	1.01mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	24d	1	1.08mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,299	$2.50	3d	26	1.13mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	15d	1	1.14mi
617 Segovia Ct NE Saint Petersburg, FL	2.0	2.5	1420	$2,950	$2.08	24d	1	1.14mi
742 45th Ave NE Saint Petersburg, FL	3.0	3.0	1900	$5,200	$2.74	4d	1	1.15mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	4d	1	1.18mi
4843 Napoli Ct NE Saint Petersburg, FL	2.0	2.5	1210	$3,200	$2.64	4d	1	1.22mi
5516 Pine Cir NE Saint Petersburg, FL	3.0	1.0	1205	$2,500	$2.07	4d	1	1.26mi
1325 Snell Isle Blvd NE #507 Saint Petersburg, FL	3.0	3.0	1940	$6,700	$3.45	4d	1	1.37mi
541 40th Ave NE Saint Petersburg, FL	3.0	1.0	1630	$3,000	$1.84	24d	1	1.43mi
411 42nd Ave NE Saint Petersburg, FL	3.0	2.0	1365	$3,500	$2.56	17d	1	1.47mi

Listing history 2 events

1. 2026-06-17
   remarks 699-char remark
2. 2026-06-17
   listed $290,000 Pending 1 DOM

ⓘ 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: $1,636 · $136/mo
• Projected year-2 tax: $2,407 · $201/mo
• Expected delta: +$771/yr (+$64/mo · 47.1%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 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: $45,242
• − Mortgage interest: −$16,245
• − Property taxes: −$1,636
• − Insurance: −$6,568
• − Repairs & maintenance: −$3,619
• − Management: −$3,619
• − Depreciation: −$8,436
• Taxable income: $5,118
• Est. tax owed @ 24.0%: −$1,228
• After-tax cash flow: $8,059/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

+249.4% since first listed

5 events — show timeline

• 2026-06-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-06-16 Listed $290,000 Stellar MLS as Distributed by MLS Grid
• 1999-05-12 Sold (Public Records) $130,900 Public Records
• 1995-01-26 Sold (Public Records) $104,500 Public Records
• 1993-06-02 Sold (Public Records) $83,000 Public Records

Property tax history

-5.6%/yr

Latest (2025): $1,636 · -27.7% YoY. Source: county tax records.