7901 Causeway Blvd S · St. Petersburg, FL 33707

$358,250

3 bd · 2.0 ba · 1,695 sqft · SingleFamily public records · 12 Days on market

Built 1956 8,002 sqft lot Est $609k · 41% 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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +4.6/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Incredible opportunity to renovate or rebuild your dream home just one mile from the sugar sands of Treasure Island Beach! Situated on a corner lot in the highly sought-after Causeway Isles neighborhood, this flood-damaged property offers incredible potential for investors, builders, or buyers looking to create their own coastal retreat. The home was remediated immediately following the 2024 storms and features a 2022 roof, new 200 amp electric panel, along with hard-wired electrical, and building permits already in place. Whether you're planning a renovation or envisioning a custom rebuild, these improvements provide a strong head start on bringing your vision to life. Enjoy the best of Fl

Key facts

• Building permits
• Corner lot
• 2022 roof

Tags

• CORNER LOT
• 2022 ROOF
• HARD-WIRED ELECTRICAL
• BUILDING PERMITS
• CAUSEWAY ISLES NEIGHBORHOOD

Property features AI

Finance

• Other: Total lot approximately 0.18 acres (80 x 100); Private in-ground pool
• Financial info: Lease restrictions apply
• HOA & community: No association; Pets allowed; Association approval not required

Exterior

• Utilities: Public water; Public sewer; Cable available; Electricity available and connected; Phone available
• Home design: Single family residence; One story; South facing; Homestead property
• Construction: Block construction; Shingle roof; Slab foundation; Built area approximately 1,775 square feet
• Exterior features: Other exterior features; Corner lot; Paved public road access; Wood fencing

Interior

• Kitchen: Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features; Family room
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $358k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/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 $344k (3.9% below list).
• Recommended offer: $344k (3.9% below list) — sets the bar for 1% rule.
• Cap rate 8.2% 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.
• Zoned schools: Azalea Elementary School (math 57% / reading 52%, grade C, #892 of 2,144 statewide, top 44%, 507 students, 60% 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 66% FRL vs 48% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-14 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 27d 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 $3,442/mo this rent would consume 59% of the median local household income ($70k/yr) (locally 1371% 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 $11k 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 12 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $78k; list at $358k implies a 359% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1956 — 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $344,231 (3.9% below list)

Questions for the listing agent

1. Built in 1956 — 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: 0.96% ✗
• Cap rate: 8.16%
• Cash-on-cash: 6.66%
• DSCR: 1.30
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $608,505
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7898 Causeway Blvd N	0.05mi	3/2.0	1,566 (-8%)	2mo	$417,000	$266	83
7861 1st Ave S	0.11mi	3/3.0	1,608 (-5%)	6mo	$795,000	$494	77
213 Park St N	0.35mi	3/2.0	1,630 (-4%)	4mo	$377,500	$232	74
7952 1st Ave S	0.15mi	3/3.0	1,840 (+9%)	12mo	$659,000	$358	64
140 79th St S	0.14mi	3/2.0	1,488 (-12%)	19mo	$650,000	$437	58
7075 Sunset Dr S	0.70mi	3/2.0	1,742 (+3%)	11mo	$575,000	$330	54
7320 Burlington Ave N	0.49mi	3/2.0	1,877 (+11%)	13mo	$714,000	$380	48
10350 Paradise Blvd	0.74mi	3/2.0	1,586 (-6%)	9mo	$800,000	$504	48
7212 Burlington Ave N	0.58mi	3/2.0	1,507 (-11%)	10mo	$625,000	$415	46
7200 3rd Ave N	0.62mi	3/2.0	1,880 (+11%)	14mo	$675,000	$359	42
601 75th St N	0.66mi	4/2.5 (+1)	1,859 (+10%)	11mo	$315,000	$169	36
7127 3rd Ave N	0.67mi	4/2.5 (+1)	1,930 (+14%)	10mo	$650,000	$337	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: -17.4%
• Equity multiple: 0.40×
• Total profit: $-59,732
• Equity at exit: $53,416

10-year hold

• IRR: -16.7%
• Equity multiple: 0.20×
• Total profit: $-79,835
• Equity at exit: $30,975

Cash invested: $100,310 (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: 8.7×

Monthly cashflow live

• Estimated rent: $3,442 high
• Mortgage (P&I): −$1,879
• Tax from tax record: −$135 /mo · $1,618/yr
• Insurance: −$149
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$723
• Net cashflow: $130

Break-even live

Break-even rent $3,278

Max offer price $358,250

Occupancy floor 91%

Sensitivity live

Price	-10% $333	-5% $232	+0% $130	+5% $29	+10% $-73
Rent	-10% $-142	-5% $-6	+0% $130	+5% $266	+10% $402
Rate	-1.0pp $311	-0.5pp $221	base $130	+0.5pp $37	+1.0pp $-57

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: $89,562
• Closing costs: $10,748
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7930 Causeway Blvd S Saint Petersburg, FL	3.0	2.0	1454	$3,900	$2.68	6d	1	0.10mi
500 Treasure Island Cswy Treasure Island, FL	1.0–2.0	1.5–2.0	1096	$2,900	$2.64	6d	4	0.52mi
511 Sandy Hook Rd Treasure Island, FL	4.0	3.5	2025	$4,000	$1.98	26d	1	0.66mi
7887 9th Ave S Saint Petersburg, FL	4.0	2.5	1961	$4,500	$2.29	26d	1	0.67mi
10355 Paradise Blvd Treasure Island, FL	1.0–2.0	1.0–2.0	1067	$3,000	$2.81	0d	6	0.72mi
507 Plaza Seville Ct Unit 514 Treasure Island, FL	2.0	2.0	1145	$2,495	$2.18	9d	1	0.78mi
7004 Grevilla Ave S Unit 7004 South Pasadena, FL	3.0	2.5	2017	$3,800	$1.88	26d	1	0.91mi
7050 Sunset Dr S #716 South Pasadena, FL	2.0	2.0	1180	$2,250	$1.91	26d	1	0.94mi
6860 Park St S South Pasadena, FL	2.0	2.0	1500	$2,500	$1.67	26d	1	0.97mi
7401 13th Ave N Saint Petersburg, FL	4.0	2.0	1464	$3,100	$2.12	6d	1	1.01mi
7401 13th Ave N Saint Petersburg, FL	4.0	2.0	1464	$3,100	$2.12	26d	1	1.01mi
11240 7th St E Treasure Island, FL	3.0	3.0	1771	$9,000	$5.08	6d	1	1.07mi
11405 8th St E Treasure Island, FL	4.0	3.0	2077	$6,500	$3.13	26d	1	1.09mi
11400 8th St E Treasure Island, FL	3.0	2.0	1876	$7,900	$4.21	6d	1	1.10mi
865 115th Ave Treasure Island, FL	3.0	3.0	1942	$3,000	$1.54	6d	1	1.10mi
7600 16th Ave N Saint Petersburg, FL	2.0	1.0	1243	$2,200	$1.77	14d	1	1.14mi
9415 Blind Pass Rd #1006 St Pete Beach, FL	2.0	2.0	1310	$3,500	$2.67	14d	1	1.15mi
9495 Blind Pass Rd #203 St Pete Beach, FL	2.0	2.0	1270	$3,800	$2.99	26d	1	1.16mi
9495 Blind Pass Rd #1208 St Pete Beach, FL	2.0	2.0	1430	$3,700	$2.59	9d	1	1.16mi
11140 5th St E Treasure Island, FL	2.0	3.0	1787	$3,700	$2.07	26d	1	1.17mi
8041 Sailboat Key Blvd S #402 St Pete Beach, FL	3.0	2.0	2000	$5,000	$2.50	26d	1	1.18mi
7645 Sun Island Dr S #101 South Pasadena, FL	2.0	2.0	1385	$3,200	$2.31	26d	1	1.20mi
6660 Date Palm Ave S Unit 1018211P St. Petersburg, FL	3.0	2.0	1345	$7,268	$5.40	0d	1	1.20mi
1308 70th St N Unit 1308 St. Petersburg, FL	2.0	1.5	1100	$2,500	$2.27	26d	1	1.20mi
7910 Sun Island Dr S #101 South Pasadena, FL	2.0	2.0	1170	$2,500	$2.14	26d	1	1.21mi
904 67th St S Saint Petersburg, FL	3.0	1.0	1169	$2,750	$2.35	16d	1	1.22mi
8040 Sailboat Key Blvd S #203 St Pete Beach, FL	2.0	2.0	1265	$2,600	$2.06	18d	1	1.23mi
9525 Blind Pass Rd #902 St Pete Beach, FL	2.0	2.0	1175	$3,900	$3.32	26d	1	1.23mi
7700 Sun Island Dr S #503 South Pasadena, FL	2.0	2.0	1215	$2,395	$1.97	26d	1	1.23mi
7625 Sun Island Dr S #108 South Pasadena, FL	2.0	2.0	1170	$3,000	$2.56	26d	1	1.24mi
1473 Durling Dr S South Pasadena, FL	3.0	2.0	1264	$4,000	$3.16	26d	1	1.24mi
7920 Sun Island Dr S #205 South Pasadena, FL	3.0	2.0	1575	$3,350	$2.13	6d	1	1.25mi
1790 Russell Dr N Saint Petersburg, FL	3.0	2.0	1277	$2,800	$2.19	6d	1	1.25mi
7540 Bay Island Dr S South Pasadena, FL	2.0	1.0–2.0	827	$2,900	$3.50	13d	3	1.26mi
1328 Pasadena Ave S #206 South Pasadena, FL	2.0	2.0	1100	$2,700	$2.45	26d	1	1.29mi
795 119th Ave Treasure Island, FL	3.0	3.0	2192	$6,500	$2.97	26d	1	1.33mi
7405 Bay Island Dr S South Pasadena, FL	2.0–3.0	2.0	1192	$3,500	$2.94	6d	2	1.33mi
7600 Sun Island Dr S South Pasadena, FL	2.0	2.0	1400	$2,350	$1.68	6d	1	1.34mi
7600 Sun Island Dr S #205 South Pasadena, FL	2.0	2.0	1250	$2,190	$1.75	26d	1	1.35mi
7984 Sailboat Key Blvd S #502 South Pasadena, FL	2.0	2.0	1145	$3,500	$3.06	14d	1	1.35mi

Listing history 8 events

1. 2026-06-22
   days on market $358,250 Active 12 DOM
2. 2026-06-18
   days on market $358,250 Active 9 DOM
3. 2026-06-17
   days on market $358,250 Active 8 DOM
4. 2026-06-16
   days on market $358,250 Active 7 DOM
5. 2026-06-15
   days on market $358,250 Active 6 DOM
6. 2026-06-13
   days on market $358,250 Active 4 DOM
7. 2026-06-10
   remarks 699-char remark
8. 2026-06-10
   listed $358,250 Active 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: $1,618 · $135/mo
• Projected year-2 tax: $2,973 · $248/mo
• Expected delta: +$1,356/yr (+$113/mo · 83.8%)

ⓘ 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 · 25 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: $41,308
• − Mortgage interest: −$20,068
• − Property taxes: −$1,618
• − Insurance: −$6,910
• − Repairs & maintenance: −$3,305
• − Management: −$3,305
• − Depreciation: −$10,422
• Taxable loss: −$4,318
• Est. tax savings @ 24.0%: +$1,036
• After-tax cash flow: $2,598/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): 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

+497.1% since first listed

3 events — show timeline

• 2026-06-09 Listed $358,250 Stellar MLS as Distributed by MLS Grid
• 1994-12-27 Sold (Public Records) $78,000 Public Records
• 1985-11-01 Sold (Public Records) $60,000 Public Records

Property tax history

-5.5%/yr

Latest (2025): $1,618 · -9.8% YoY. Source: county tax records.