3347 7th St · St. Augustine Shores, FL 32033

$281,000

3 bd · 2.0 ba · 1,292 sqft · SingleFamily · 147 Days on market

Built 2024 Excellent condition 4,791 sqft lot $217/sqft · 5% above area Est $267k · 5% over

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Why this score? — see what drove the D 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 +9.7/30.0
• Appreciation +6.4/10.0
• Schools +6.4/10.0
• ARV discount +5.2/15.0
• Condition / age +4.8/5.0
• 1% rule +2.8/10.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0

Listing remarks MLS

Beautiful Like New 2024 built 3/2 home offers, split floor plan with open concept, vinyl wood plank flooring throughout, granite counter tops , center island , soft close cabinetry, coffee bar nook, GE stainless appliances, ceiling fans, metal roof covering with gutters, front and rear porch. partially fenced yard. Owners suite with bath & Lg walk in closet. Convenient location , minutes to St Augustine , the beaches , I95 , shopping areas. A true must see like new property!

Key facts

• Open concept
• Soft close cabinetry
• Split floor plan

Tags

• SPLIT FLOOR PLAN
• OPEN CONCEPT
• VINYL WOOD PLANK FLOORING
• GRANITE COUNTER TOPS
• CENTER ISLAND
• SOFT CLOSE CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $281k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-183 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (11.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (21.7% below list).
• Recommended offer: $220k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 3.4% in St. Augustine Shores — 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 D — affects rentability + tenant quality, not the cash-flow math above.
• St. Johns (rural): math 75% / reading 73% proficiency, ranked #2 of 73 in FL (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 43 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 5,575 units permitted in St. Johns County in 2024 (584 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($2k loan paydown + $8k appreciation (2.9% local appreciation)).
• St. Johns County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($247k) is reasonable based on typical stale-listing flexibility.

Recommended offer $219,900 (21.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.78% ✗
• Cap rate: 5.51%
• Cash-on-cash: -2.79%
• DSCR: 0.88
• GRM: 10.6

CMA / ARV

• ARV (median comp): $267,230
• List price: $281,000
• Delta: 5.15%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3357 Seventh St	0.02mi	3/2.0	1,247 (-4%)	19mo	$285,000	$229	77
3373 4th St	0.15mi	3/2.0	1,112 (-14%)	6mo	$239,900	$216	65
3367 7th St	0.03mi	3/2.0	1,171 (-9%)	23mo	$289,900	$248	64
3372 9th St	0.09mi	3/2.0	1,116 (-14%)	12mo	$211,000	$189	63
3367 7th St	0.05mi	3/2.0	1,171 (-9%)	23mo	$289,900	$248	63
3332 3rd St	0.22mi	3/2.0	1,192 (-8%)	17mo	$250,000	$210	63
3373 7th St	0.06mi	3/2.0	1,171 (-9%)	23mo	$289,900	$248	63
3377 7th St	0.08mi	3/2.0	1,171 (-9%)	23mo	$280,000	$239	62
4124 Vermont Blvd	0.11mi	3/2.0	1,118 (-14%)	14mo	$259,000	$232	61
3416 6th St	0.17mi	3/2.0	1,116 (-14%)	11mo	$265,000	$237	60
4125 Vermont Blvd	0.16mi	3/2.0	1,116 (-14%)	12mo	$255,000	$228	59
337 W New England Dr	0.46mi	3/2.0	1,434 (+11%)	5mo	$310,000	$216	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.87% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.5%
• Equity multiple: 1.26×
• Total profit: $20,265
• Equity at exit: $124,266

10-year hold

• IRR: 7.7%
• Equity multiple: 2.16×
• Total profit: $90,981
• Equity at exit: $189,905

Cash invested: $78,680 (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 32033

• Home prices YoY: 1.0%
• Active inventory: 43
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,199 medium
• Mortgage (P&I): −$1,474
• Tax from tax record: −$329 /mo · $3,953/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $-183

Break-even live

Break-even rent $2,430

Max offer price $248,697

Occupancy floor —

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: $70,250
• Closing costs: $8,430
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5033 Coquina Crossing Dr Elkton, FL	3.0	2.0	1600	$2,199	$1.37	2d	1	0.36mi

Listing history 12 events

1. 2026-06-15
   days on market $281,000 Active 147 DOM
2. 2026-06-13
   days on market $281,000 Active 145 DOM
3. 2026-06-13
   days on market $281,000 Active 144 DOM
4. 2026-06-10
   days on market $281,000 Active 141 DOM
5. 2026-06-08
   days on market $281,000 Active 140 DOM
6. 2026-06-07
   days on market $281,000 Active 139 DOM
7. 2026-06-03
   days on market $281,000 Active 135 DOM
8. 2026-06-02
   days on market $281,000 Active 134 DOM
9. 2026-06-01
   days on market $281,000 Active 133 DOM
10. 2026-05-31
    days on market $281,000 Active 132 DOM
11. 2026-01-19
    listed $291,000 Active 486-char remark

    Show marketing remark (486 chars)

    Beautiful Like New 2024 built 3/2 home offers, split floor plan with open concept, vinyl wood plank flooring throughout, granite counter tops , center island , soft close cabinetry, coffee bar nook, GE stainless appliances, ceiling fans, metal roof covering with gutters, front and rear porch. partially fenced yard. Owners suite with bath & Lg walk in closet. Convenient location , minutes to St Augustine , the beaches , I95 , shopping areas. A true must see like new property!

12. 2024-12-13
    soldstatus $730,000

ⓘ 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: $3,953 · $329/mo
• Projected year-2 tax: $3,953 · $329/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $26,388
• − Mortgage interest: −$15,740
• − Property taxes: −$3,953
• − Insurance: −$1,405
• − Repairs & maintenance: −$2,111
• − Management: −$2,111
• − Depreciation: −$8,175
• Taxable loss: −$7,107
• Est. tax savings @ 24.0%: +$1,706
• After-tax cash flow: $-489/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.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This 2024-built 3/2 home is in excellent condition with a fresh paint job, new kitchen, and stainless steel appliances. It's move-in ready and offers a great location with easy access to St. Augustine, the beaches, and I95.

Value-add opportunities

• Resale Paint interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting.
• Both Install smart home devices — Smart home devices can increase convenience and add value for both buyers and renters.
• Both Add outdoor lighting — Outdoor lighting can improve safety and curb appeal, making the home more attractive to potential buyers and renters.
• Rental Install a smart thermostat — A smart thermostat can help reduce energy costs and attract renters who are conscious about energy efficiency.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint interior walls — Fresh paint can enhance the home's curb appeal and make it more inviting. ↑
• Both Install smart home devices — Smart home devices can increase convenience and add value for both buyers and renters. ↑
• Both Add outdoor lighting — Outdoor lighting can improve safety and curb appeal, making the home more attractive to potential buyers and renters. ↑
• Rental Install a smart thermostat — A smart thermostat can help reduce energy costs and attract renters who are conscious about energy efficiency. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: St. Johns
• NCES district ID: 1201740
• Math proficiency: 75% ▼ -5.00%
• Reading proficiency: 73% ▼ -2.00%
• Median HH income: $66,842
• Composite: 64.31/100
• National rank: #556
• State rank: #2 of 73 in FL

Livability — St. Augustine Shores

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 4,555

Population outlook (St. Johns County) Hauer SSP2

• Today (2025): 303,941 people
• By 2030: 342,590 · +12.7%
• By 2040: 417,328 · +37.3%
• By 2050: 487,011 · +60.2%
• By 2075: 635,395 · +109.1%
• By 2100: 717,469 · +136.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · St. Johns

• 2024 margin: Solid R (+31.4) · D 33.9% · R 65.2%
• 2008→2024 swing: +0.2pp no change · 2008: -31.6pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+26.7 2016: R+33.4 2012: R+37.8 2008: R+31.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.87%
• Current HPI: 297.5438
• Rent YoY: —
• Metro: —
• 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

-60.1% since first listed

2 events — show timeline

• 2026-01-19 Listed $291,000 St. Augustine and St. Johns County Board of REALTORS®
• 2024-12-13 Sold (Public Records) $730,000 Public Records

Property tax history

+514.3%/yr

Latest (2025): $3,953 · +514.3% YoY. Source: county tax records.