2852 60th Ave N · Lealman, FL 33714

$285,000

4 bd · 2.0 ba · 1,068 sqft · SingleFamily public records · 70 Days on market

Built 1941 5,153 sqft lot Est $313k · 9% 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 +19.9/30.0
• ARV discount +11.5/15.0
• DSCR +6.3/10.0
• 1% rule +4.9/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Good Buy on this 3 bedroom, 2 bath home! Lots of Updates! Privacy Fenced Backyard with large wood deck! Room sizes are approximate and should be verified by buyer.

Key facts

• Large deck
• Refreshed bathrooms
• Updated kitchen

Tags

• UPDATED KITCHEN
• REFRESHED BATHROOMS
• LUXURY VINYL PLANK FLOORING
• FENCED BACKYARD
• LARGE DECK

Property features AI

Finance

• Other: Total acreage less than 1/4 acre (approx. 0.12 acres); Lot dimensions approximately 50 x 103; Lot area approximately 479 sq meters; Living area reported ~1068 sq ft
• HOA & community: No HOA/association; Street lights in the community; Cats and dogs allowed

Exterior

• Utilities: Public water; Public sewer; Cable available and connected; Electricity available; Phone available; Water connected; Sewer connected
• Home design: Single-family residence; One story; North-facing; Completed condition; R-4 zoning
• Construction: Vinyl siding; Shingle roof; Stilt / on piling foundation; Built on / recorded building area ~1080 sq ft
• Exterior features: Awnings; Dog run; Paved lot; Asphalt road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Open floorplan; Thermostat
• Laundry & utility: Electric dryer hookup; Inside laundry (laundry closet)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $343 ($4k/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 $282k (1.0% below list).
• Recommended offer: $268k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.7% in Lealman — 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 81/100 on livability (#83 in FL, #1,394 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, schools F, employment 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.
• Market conditions: Rents soft (-2.1%/yr); 165 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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 $2,822/mo this rent would consume 71% of the median local household income ($47k/yr) (locally 915% 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

• It's been on market 70 days — a 6% lower offer ($268k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $60k; list at $285k implies a 375% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1941 — 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 $267,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1941 — 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 F-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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 0.99% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.16%
• DSCR: 1.23
• GRM: 8.4

CMA / ARV

• ARV (on-the-fly): $312,924
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2646 61 Ave N	0.23mi	3/1.5 (-1)	965 (-10%)	4mo	$293,500	$304	63
5929 32nd St N	0.24mi	3/2.0 (-1)	1,002 (-6%)	15mo	$350,000	$349	61
2945 57th Ave N	0.18mi	3/2.0 (-1)	1,199 (+12%)	14mo	$379,000	$316	55
3126 57th Ave N	0.30mi	3/1.0 (-1)	1,009 (-6%)	20mo	$170,000	$168	51
3508 52nd Ave N	0.74mi	3/1.0 (-1)	1,107 (+4%)	3mo	$185,000	$167	48
3205 68th Ave N	0.58mi	3/1.0 (-1)	1,143 (+7%)	11mo	$296,500	$259	44
5705 37th St N	0.68mi	3/2.0 (-1)	1,176 (+10%)	14mo	$345,050	$293	35

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: -11.6%
• Equity multiple: 0.59×
• Total profit: $-32,603
• Equity at exit: $42,494

10-year hold

• IRR: -7.3%
• Equity multiple: 0.60×
• Total profit: $-32,239
• Equity at exit: $24,642

Cash invested: $79,800 (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 33714

• Home prices YoY: -30.9%
• Rents YoY: -2.1%
• Active inventory: 165
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,822 high
• Mortgage (P&I): −$1,495
• Tax from tax record: −$273 /mo · $3,271/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$593
• Net cashflow: $343

Break-even live

Break-even rent $2,387

Max offer price $285,000

Occupancy floor 83%

Sensitivity live

Price	-10% $505	-5% $424	+0% $343	+5% $263	+10% $182
Rent	-10% $120	-5% $232	+0% $343	+5% $455	+10% $566
Rate	-1.0pp $487	-0.5pp $416	base $343	+0.5pp $269	+1.0pp $194

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: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6379 29th St N Saint Petersburg, FL	3.0	2.0	1323	$2,869	$2.17	25d	1	0.21mi
3132 56th Ave N Saint Petersburg, FL	3.0	2.0	1063	$2,850	$2.68	25d	1	0.36mi
2612 68th Ave N Saint Petersburg, FL	5.0	2.0	1438	$3,000	$2.09	25d	1	0.52mi
3584 54th Ave N Saint Petersburg, FL	3.0	1.0	1012	$1,950	$1.93	5d	1	0.70mi
6630 17th Ln N Saint Petersburg, FL	3.0	1.0	1324	$2,489	$1.88	15d	1	1.00mi
5924 15th Way N Saint Petersburg, FL	3.0	2.0	1104	$3,200	$2.90	5d	1	1.14mi
6900 16th St N Saint Petersburg, FL	3.0	1.0	1150	$2,095	$1.82	5d	1	1.20mi
4129 32nd St N Unit B St. Petersburg, FL	3.0	1.0	1000	$2,150	$2.15	25d	1	1.20mi
4057 71st Ter N Pinellas Park, FL	3.0	2.5	1420	$2,650	$1.87	5d	1	1.21mi
1770 73rd Ave N Saint Petersburg, FL	4.0	2.0	1484	$4,500	$3.03	5d	1	1.22mi
7260 17th Way N Saint Petersburg, FL	3.0	1.0	912	$3,650	$4.00	5d	1	1.23mi
1416 55th Ave N St Petersburg, FL	3.0	2.0	1300	$4,600	$3.54	25d	1	1.26mi
7111 16th St N Saint Petersburg, FL	3.0	1.0	1130	$2,695	$2.38	5d	1	1.30mi
2519 39th Ave N Saint Petersburg, FL	3.0	2.0	1005	$2,750	$2.74	25d	1	1.37mi
3110 Grand Ave Pinellas Park, FL	1.0–3.0	1.0–2.0	1104	$3,038	$2.75	2d	34	1.50mi

Listing history 32 events

1. 2026-06-18
   days on market $285,000 Active 70 DOM
2. 2026-06-17
   days on market $285,000 Active 69 DOM
3. 2026-06-16
   days on market $285,000 Active 68 DOM
4. 2026-06-15
   days on market $285,000 Active 67 DOM
5. 2026-06-13
   days on market $285,000 Active 65 DOM
6. 2026-06-09
   days on market $285,000 Active 61 DOM
7. 2026-06-08
   days on market $285,000 Active 60 DOM
8. 2026-06-07
   days on market $285,000 Active 59 DOM
9. 2026-06-04
   days on market $285,000 Active 56 DOM
10. 2026-06-03
    statusdays on market $285,000 Active 55 DOM
11. 2026-05-09
    price $285,000
12. 2026-04-03
    listed $295,000 Active
13. 2025-06-20
    historical $2,800
14. 2025-06-07
    price $2,800
15. 2025-05-01
    listed $3,000
16. 2025-04-28
    historical
17. 2025-02-27
    price $399,000
18. 2024-09-28
    price $449,000
19. 2024-09-19
    listed $429,000 Active
20. 2012-10-30
    soldstatus $60,000
21. 2012-10-25
    soldstatus $60,000 163-char remark

    Show marketing remark (163 chars)

    Good Buy on this 3 bedroom, 2 bath home! Lots of Updates! Privacy Fenced Backyard with large wood deck! Room sizes are approximate and should be verified by buyer.

22. 2012-10-01
    listed $62,500 163-char remark

    Show marketing remark (163 chars)

    Good Buy on this 3 bedroom, 2 bath home! Lots of Updates! Privacy Fenced Backyard with large wood deck! Room sizes are approximate and should be verified by buyer.

23. 2011-10-17
    historical
24. 2011-06-21
    listed $62,500
25. 2006-03-30
    historical
26. 2005-10-30
    listed $175,000
27. 2005-10-19
    soldstatus $122,000
28. 2004-01-13
    listed $79,990
29. 2003-08-30
    listed $79,990
30. 2003-06-13
    listed $89,900
31. 2003-06-13
    soldstatus $51,000
32. 1995-12-21
    soldstatus $18,000

ⓘ 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: $3,271 · $273/mo
• Projected year-2 tax: $3,271 · $273/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: $33,859
• − Mortgage interest: −$15,964
• − Property taxes: −$3,271
• − Insurance: −$1,425
• − Repairs & maintenance: −$2,709
• − Management: −$2,709
• − Depreciation: −$8,291
• Taxable loss: −$510
• Est. tax savings @ 24.0%: +$122
• After-tax cash flow: $4,240/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 — Lealman

• Score: 81/100
• State rank: #83
• US rank: #1394

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lealman, FL
• County: Pinellas County · 939,478 people
• City population: 20,103
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 19,227
• Household income: $47,487
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 915.0

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: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 64% Hispanic / Latino 13% Two or more races 12% Black 10% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 6% Dominican 1%
• Common ancestry: Slovak 2% Italian 2% Romanian 2%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 79% English-only · Spanish 11% Russian/Polish/Slavic 4% Vietnamese 3%

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: ▼ -179.12%
• Current HPI: 399.6253
• Rent YoY: ▼ -2.08%
• 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

+1483.3% since first listed

22 events — show timeline

• 2026-05-09 Price Changed $285,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listed $295,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-20 Rental Removed $2,800 STELLARMLS
• 2025-06-07 Price Changed $2,800 STELLARMLS
• 2025-05-01 Listed for Rent $3,000 STELLARMLS
• 2025-04-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-27 Price Changed $399,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-28 Price Changed $449,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-19 Listed $429,000 Stellar MLS as Distributed by MLS Grid
• 2012-10-30 Sold (Public Records) $60,000 Public Records
• 2012-10-25 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
• 2012-10-01 Listed $62,500 Stellar MLS as Distributed by MLS Grid
• 2011-10-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-06-21 Listed $62,500 Stellar MLS as Distributed by MLS Grid
• 2006-03-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-10-30 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-19 Sold (Public Records) $122,000 Public Records
• 2004-01-13 Listed $79,990 Stellar MLS as Distributed by MLS Grid
• 2003-08-30 Listed $79,990 Stellar MLS as Distributed by MLS Grid
• 2003-06-13 Sold (Public Records) $51,000 Public Records
• 2003-06-13 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 1995-12-21 Sold (Public Records) $18,000 Public Records

Property tax history

+9.2%/yr

Latest (2025): $3,271 · +5.9% YoY. Source: county tax records.