8858 67th Way N · Pinellas Park, FL 33782

$245,000

4 bd · 2.0 ba · 1,609 sqft · SingleFamily public records · 106 Days on market

Built 1960 6,421 sqft lot Est $405k · 40% 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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.8/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks

* * INCREDIBLE OPPORTUNITY * * This 4-bedroom, 2-bath home located in the heart of Pinellas Park delivers space where it counts. This solid block construction home boasts a large and functional layout, well-suited for those needing room for work, family, or hobbies. The enclosed area next to the screened rear patio provides a convenient spot for your washer and dryer, keeping laundry days easy and organized. Outside, you’ll find two free-standing storage buildings, ideal for tools and extra storage. This home is fantastic for those focused on affordability and square footage with the chance to build equity. * * GREAT LOCATION * * Just 5 minutes from a massive park comple

Key facts

• Horse trail
• Screened rear patio
• Walking trail

Tags

• SOLID BLOCK CONSTRUCTION
• ENCLOSED AREA
• SCREENED REAR PATIO
• MASSIVE PARK COMPLEX
• HORSE TRAIL
• WALKING TRAIL

Property features AI

Finance

• Other: Unfurnished; No home warranty; No lease restrictions indicated
• HOA & community: Pets allowed

Exterior

• Parking: Paved driveway
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single-family residence; One story; East-facing
• Construction: Block and stucco construction; Built-up/other roof; Slab foundation; Built in 1 story
• Exterior features: Covered rear porch; Screened porch; Patio/porch; Storage structure on property; Level, paved lot; Lot dimensions approximately 60 x 107

Interior

• Kitchen: No appliances included
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Concrete; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; French doors
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry room located inside; Inside utility room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $245k.

Deal economics

• At list price, monthly cash flow is $341 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $223k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities F.
• 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: Cross Bayou Elementary School (math 42% / reading 32%, grade F, #1,609 of 2,144 statewide, top 77%, 356 students, 64% FRL); Dixie M. Hollins High School (math 30% / reading 40%, grade F, #379 of 667 statewide, top 58%, 1,822 students, 56% FRL).
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-15 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-5.3%/yr); 200 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $2,654/mo this rent would consume 48% of the median local household income ($66k/yr) (locally 486% 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 $7k 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 106 days — a 9% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $80k; list at $245k implies a 206% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $222,950 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.08% ✓
• Cap rate: 7.96%
• Cash-on-cash: 5.96%
• DSCR: 1.27
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $405,468
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9191 64th Way N	0.49mi	3/2.0 (-1)	1,614 (+0%)	12mo	$405,000	$251	62
6894 82nd Ave N	0.46mi	3/2.5 (-1)	1,682 (+4%)	13mo	$420,000	$250	53
9766 65th Way N	0.60mi	3/2.0 (-1)	1,740 (+8%)	2mo	$520,000	$299	52
6940 82nd Ave N	0.48mi	3/1.5 (-1)	1,485 (-8%)	11mo	$308,000	$207	49
9090 64th Way N	0.44mi	3/2.0 (-1)	1,489 (-8%)	16mo	$375,000	$252	48
6948 80th Ter N	0.57mi	5/3.0 (+1)	1,661 (+3%)	19mo	$489,000	$294	44
6890 80th Ave N	0.60mi	3/2.0 (-1)	1,394 (-13%)	3mo	$389,000	$279	42
9790 66th St N #400	0.62mi	3/2.0 (-1)	1,448 (-10%)	14mo	$247,000	$171	37
8748 Laurel Dr N	0.57mi	3/2.0 (-1)	1,807 (+12%)	16mo	$699,000	$387	35
9790 66th St N #231	0.62mi	3/2.0 (-1)	1,404 (-13%)	16mo	$239,900	$171	31

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: -10.6%
• Equity multiple: 0.63×
• Total profit: $-25,684
• Equity at exit: $36,530

10-year hold

• IRR: -6.4%
• Equity multiple: 0.65×
• Total profit: $-24,140
• Equity at exit: $21,183

Cash invested: $68,600 (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 33782

• Rents YoY: -5.3%
• Active inventory: 200
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,654 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$369 /mo · $4,423/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$557
• Net cashflow: $341

Break-even live

Break-even rent $2,222

Max offer price $245,000

Occupancy floor 82%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6980 82nd Ave N Pinellas Park, FL	4.0	2.5	1250	$2,500	$2.00	24d	1	0.54mi
8133 65th Way N Pinellas Park, FL	4.0	2.0	1520	$2,600	$1.71	4d	1	0.58mi
8330 63rd Way N Pinellas Park, FL	4.0	2.0	1354	$2,475	$1.83	4d	1	0.61mi
6216 102nd Ter N Unit 1044688P Pinellas Park, FL	3.0	2.0	2109	$3,425	$1.62	17d	1	1.05mi
5865 92nd Ave N Pinellas Park, FL	3.0	2.0	1062	$2,400	$2.26	18d	1	1.11mi
8040 Canterbury Cir Seminole, FL	3.0	2.0	2100	$3,200	$1.52	24d	1	1.18mi
7075 65th Way N Pinellas Park, FL	4.0	2.0	1586	$2,500	$1.58	8d	1	1.19mi
8775 58th St N Pinellas Park, FL	4.0	1.5	1134	$1,875	$1.65	2d	1	1.22mi
5691 92nd Ave N Pinellas Park, FL	3.0	2.0	1152	$2,300	$2.00	4d	1	1.27mi
5561 90th Ave N Pinellas Park, FL	3.0	2.0	1379	$2,385	$1.73	4d	1	1.37mi
5641 94th Ter N Pinellas Park, FL	3.0	2.0	1066	$2,200	$2.06	8d	1	1.37mi
5577 89th Ave N Pinellas Park, FL	3.0	1.0	1340	$2,170	$1.62	4d	1	1.38mi
5660 81st Ave N Pinellas Park, FL	4.0	1.0	1300	$2,295	$1.77	4d	1	1.38mi
6045 71st Ave N Pinellas Park, FL	3.0	2.0	1200	$3,150	$2.62	4d	1	1.45mi

Listing history 12 events

1. 2026-06-13
   statusdays on market $245,000 Pending 106 DOM
2. 2026-06-09
   days on market $245,000 Active 103 DOM
3. 2026-06-08
   days on market $245,000 Active 102 DOM
4. 2026-06-07
   pricedays on market $245,000 Active 101 DOM
5. 2026-06-04
   days on market $255,000 Active 98 DOM
6. 2026-06-03
   days on market $255,000 Active 97 DOM
7. 2026-06-01
   days on market $255,000 Active 95 DOM
8. 2026-05-31
   days on market $255,000 Active 94 DOM
9. 2026-05-05
   price $255,000
10. 2026-04-03
    price $265,000
11. 2026-02-26
    listed $275,000 Active
12. 1999-11-05
    soldstatus $80,000

ⓘ 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: $4,423 · $369/mo
• Projected year-2 tax: $4,423 · $369/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 5/10 Major FEMA zone X (shaded) · 51% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,844
• − Mortgage interest: −$13,724
• − Property taxes: −$4,423
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,548
• − Management: −$2,548
• − Depreciation: −$7,127
• Taxable income: $250
• Est. tax owed @ 24.0%: −$60
• After-tax cash flow: $4,031/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 22,461
• Household income: $66,461
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 486.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 12% Asian 12% Two or more races 8% Black 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Italian 3% Romanian 2%
• Foreign-born: 17% · Canada, Vietnam, China
• Languages at home: 78% English-only · Spanish 9% Vietnamese 7% Other Indo-European 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: ▼ -250.17%
• Current HPI: 314.1689
• Rent YoY: ▼ -5.28%
• 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

+218.8% since first listed

4 events — show timeline

• 2026-05-05 Price Changed $255,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 1999-11-05 Sold (Public Records) $80,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $4,423 · +9.9% YoY. Source: county tax records.