6000 12th Way N · St. Petersburg, FL 33703

$325,000

3 bd · 2.0 ba · 1,404 sqft · SingleFamily public records · 6 Days on market

Built 1958 7,998 sqft lot Est $425k · 24% 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).

• ARV discount +15.0/15.0
• Cash flow +14.3/30.0
• DSCR +4.4/10.0
• Schools +4.3/10.0
• 1% rule +4.1/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Welcome to this charming three-bedroom, two-bathroom home ideally located in St. Petersburg, offering comfort and unbeatable convenience. With fresh exterior paint and a 2024 AC system, this home is perfect for enjoying the Florida lifestyle. Step inside to discover a light and bright interior featuring new wood-look laminate flooring throughout the main living areas. Designed with flexibility in mind, the home offers two separate living spaces, providing plenty of room for entertaining, relaxing, or creating a home office or playroom. A separate dining room adds additional space for hosting family and friends. The kitchen is welcoming with ample natu

Key facts

• 2024 ac system
• Separate dining room
• Fresh exterior paint

Tags

• FRESH EXTERIOR PAINT
• 2024 AC SYSTEM
• TWO SEPARATE LIVING SPACES
• SEPARATE DINING ROOM
• DEDICATED LAUNDRY ROOM
• PRIVATE EN SUITE BATHROOM

Property features AI

Finance

• Other: Lot size about 0.18 acre (0 to less than 1/4 acre)
• Financial info: No lease restrictions reported
• HOA & community: No association indicated

Exterior

• Parking: Driveway; Oversized driveway; Attached garage (1 car)
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Water connected
• Home design: Single family residence; Residential property; One story; Faces west; Entry level: One
• Construction: Stucco exterior; Shingle roof; Slab foundation; Built in (public records indicate building area total 1,885 sq ft)
• Exterior features: Lighting; Private mailbox; Sidewalk; Paved road access

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-6 ($-70/yr) — negative.
• To cash-flow at today's rent, offer at most $324k (0.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $296k (8.8% below list).
• Recommended offer: $296k (8.8% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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: Lynch Elementary School (math 47% / reading 39%, grade F, #1,366 of 2,144 statewide, top 64%, 486 students, 67% FRL); Northeast High School (math 35% / reading 47%, grade F, #289 of 667 statewide, top 44%, 1,736 students, 50% FRL).
• Market conditions: Rents rising (+2.2%/yr); 451 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d 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).
• This rent runs 37% of the median local income ($95k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $296,252 (8.8% 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. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 0.91% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.80%
• DSCR: 1.04
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $425,412
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1501 61st Ave N	0.13mi	3/2.0	1,396 (-1%)	6mo	$395,000	$283	88
1237 57th Ave N	0.17mi	3/2.0	1,345 (-4%)	0mo	$433,900	$323	85
5900 12th St N	0.07mi	4/2.0 (+1)	1,257 (-10%)	5mo	$319,000	$254	70
6041 15th St N	0.08mi	4/2.0 (+1)	1,605 (+14%)	3mo	$320,000	$199	65
5900 15th St N	0.11mi	3/2.0	1,203 (-14%)	7mo	$378,326	$314	65
1044 51st Ave N	0.60mi	2/2.0 (-1)	1,440 (+3%)	1mo	$487,500	$339	62
1761 65th Ave N	0.44mi	3/2.0	1,584 (+13%)	0mo	$480,000	$303	58
6535 10th St N	0.47mi	3/1.0	1,237 (-12%)	1mo	$329,000	$266	54
1121 51st Ave N	0.57mi	3/2.0	1,228 (-12%)	0mo	$425,000	$346	52
1255 48th Ave N	0.73mi	2/2.0 (-1)	1,341 (-4%)	4mo	$372,500	$278	50
1130 50th Ave N	0.65mi	3/1.5	1,287 (-8%)	8mo	$475,000	$369	48
527 Glenoak St N	0.66mi	3/2.0	1,574 (+12%)	6mo	$350,000	$222	44

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: -17.3%
• Equity multiple: 0.39×
• Total profit: $-55,264
• Equity at exit: $48,459

10-year hold

• IRR: -10.9%
• Equity multiple: 0.37×
• Total profit: $-57,603
• Equity at exit: $28,100

Cash invested: $91,000 (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: 9.1×

Monthly cashflow live

• Estimated rent: $2,963 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$440 /mo · $5,280/yr
• Insurance: −$135
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$622
• Net cashflow: $-6

Break-even live

Break-even rent $2,970

Max offer price $323,975

Occupancy floor 95%

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: $81,250
• Closing costs: $9,750
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5924 15th Way N Saint Petersburg, FL	3.0	2.0	1104	$3,200	$2.90	4d	1	0.16mi
1412 56th Ave N Saint Petersburg, FL	2.0	1.0	1156	$2,195	$1.90	4d	1	0.30mi
1416 55th Ave N St Petersburg, FL	3.0	2.0	1300	$4,600	$3.54	24d	1	0.36mi
1770 63rd Ave N Saint Petersburg, FL	3.0	2.0	1782	$3,300	$1.85	8d	1	0.36mi
5920 18th St N #14 Saint Petersburg, FL	2.0	2.0	950	$1,400	$1.47	24d	1	0.42mi
5801 Magnolia St N Saint Petersburg, FL	2.0	2.0	1147	$2,250	$1.96	4d	1	0.43mi
1155 53rd Ave N Saint Petersburg, FL	3.0	2.0	1790	$3,500	$1.96	4d	1	0.44mi
6630 17th Ln N Saint Petersburg, FL	3.0	1.0	1324	$2,489	$1.88	15d	1	0.49mi
5210 Doctor Martin Luther King Junior St N St. Petersburg, FL	3.0	2.0	1318	$3,600	$2.73	14d	1	0.55mi
6900 16th St N Saint Petersburg, FL	3.0	1.0	1150	$2,095	$1.82	4d	1	0.58mi
7111 16th St N Saint Petersburg, FL	3.0	1.0	1130	$2,695	$2.38	4d	1	0.68mi
7260 17th Way N Saint Petersburg, FL	3.0	1.0	912	$3,650	$4.00	4d	1	0.80mi
1770 73rd Ave N Saint Petersburg, FL	4.0	2.0	1484	$4,500	$3.03	4d	1	0.81mi
617 52nd Ave N Saint Petersburg, FL	3.0	2.5	1481	$3,250	$2.19	4d	1	0.82mi
5185 6th Way N St Petersburg, FL	3.0	2.5	1480	$3,150	$2.13	4d	1	0.83mi
2275 62nd Ave N #203 St Petersburg, FL	2.0	2.0	940	$1,975	$2.10	24d	1	0.86mi
7325 10th St N Saint Petersburg, FL	3.0	2.0	1762	$3,300	$1.87	24d	1	0.88mi
7325 10th St N Saint Petersburg, FL	3.0	2.0	1762	$3,300	$1.87	22d	1	0.88mi
628 51st Ave N Saint Petersburg, FL	3.0	2.5	1480	$2,800	$1.89	3d	1	0.89mi
4628 Dr Martin Luther King Jr St N Saint Petersburg, FL	3.0	2.0	1421	$2,950	$2.08	24d	1	0.91mi
375 54th Ter N St. Petersburg, FL	1.0–2.0	1.0–2.0	966	$3,323	$3.44	2d	13	0.96mi
5925 1st St NE Saint Petersburg, FL	3.0	2.0	1510	$2,799	$1.85	4d	1	1.09mi
2715 63rd Ter N Unit B St. Petersburg, FL	2.0	2.0	1030	$1,900	$1.84	24d	1	1.12mi
600 76th Ave N Saint Petersburg, FL	1.0–2.0	1.0–1.5	775	$1,849	$2.39	4d	10	1.17mi
2600 52nd Ave N Unit A St. Petersburg, FL	2.0	2.0	1018	$2,225	$2.19	2d	1	1.18mi
613 44th Ave N Saint Petersburg, FL	2.0	1.0	1124	$2,250	$2.00	4d	1	1.19mi
4104 1/2 Haines Rd N Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	24d	1	1.22mi
111 73rd Ave N Saint Petersburg, FL	3.0	1.0–1.5	695	$2,225	$3.20	24d	1	1.23mi
6379 29th St N Saint Petersburg, FL	3.0	2.0	1323	$2,869	$2.17	24d	1	1.26mi
120 47th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	914	$1,999	$2.19	2d	8	1.36mi
509 77th Ave N St. Petersburg, FL	1.0–2.0	1.0–2.0	850	$1,678	$1.97	24d	12	1.38mi
4681 1st St NE #209 Saint Petersburg, FL	2.0	2.0	1120	$2,250	$2.01	24d	1	1.38mi
350 79th Ave N St Petersburg, FL	2.0	1.0	915	$1,610	$1.76	7d	2	1.41mi
5516 Pine Cir NE Saint Petersburg, FL	3.0	1.0	1205	$2,500	$2.07	4d	1	1.41mi
517 Hampton Ave NE St Petersburg, FL	3.0	2.0	896	$2,950	$3.29	24d	1	1.42mi
4651 1st St NE #306 Saint Petersburg, FL	2.0	2.0	1120	$2,900	$2.59	4d	1	1.43mi
4920 Locust St NE St. Petersburg, FL	2.0	2.0	1035	$1,825	$1.76	24d	1	1.44mi
1165 83rd Ave N Unit D Saint Petersburg, FL	2.0	2.0	960	$1,295	$1.35	24d	1	1.45mi
3651 Haines Rd N Saint Petersburg, FL	2.0	1.0	950	$1,800	$1.89	12d	1	1.45mi
5246 Neil Dr Saint Petersburg, FL	3.0	3.0	1713	$3,450	$2.01	22d	1	1.48mi

Listing history 2 events

1. 2026-05-20
   status Pending
2. 2026-05-14
   listed $325,000 Active

ⓘ 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: $5,280 · $440/mo
• Projected year-2 tax: $5,280 · $440/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 7/10 Severe FEMA zone X (unshaded) · 95% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 22 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: $35,550
• − Mortgage interest: −$18,205
• − Property taxes: −$5,280
• − Insurance: −$2,422
• − Repairs & maintenance: −$2,844
• − Management: −$2,844
• − Depreciation: −$9,455
• Taxable loss: −$5,500
• Est. tax savings @ 24.0%: +$1,320
• After-tax cash flow: $1,250/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

2 events — show timeline

• 2026-05-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Listed $325,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.9%/yr

Latest (2025): $5,280 · +13.5% YoY. Source: county tax records.