2020 13th St S · St. Petersburg, FL 33705

$229,000

3 bd · 1.0 ba · 931 sqft · SingleFamily public records · 48 Days on market

Built 1950 6,321 sqft lot Est $263k · 13% under

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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 +14.2/30.0
• ARV discount +13.4/15.0
• DSCR +4.3/10.0
• Schools +4.3/10.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NOMORE SHOWING CAN BE SCHEDULED, MULTIPLE OFFERS. HIGHEST AND BEST IS DUE BY 8/30/2020 12PM This home sits on a large lot and has been fully renovated. Brand New A/C unit, grey flooring throughout the bedrooms, updated bathroom and windows. Tenant pays $1100/monthly and has been paying on time since they been in the property. Lease ends March' 29' 2021

Key facts

• Fully renovated
• New a/c unit
• Brand new roof

Tags

• BRAND NEW ROOF
• FULLY RENOVATED
• NEW A/C UNIT
• TILE FLOORING
• UPDATED BATHROOM
• NEW KITCHEN CABINETS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $37 ($444/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 $200k (12.5% below list).
• Recommended offer: $200k (12.5% 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 D — 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.
• Market conditions: Rents soft (-0.1%/yr); 308 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 33% of the median local income ($73k/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 $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 48 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $229k implies a 129% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $200,277 (12.5% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.87% ✗
• Cap rate: 6.49%
• Cash-on-cash: 0.69%
• DSCR: 1.03
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $263,473
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
946 23rd Ave S	0.31mi	3/1.0	990 (+6%)	3mo	$280,000	$283	72
2345 Highland St S	0.44mi	2/1.0 (-1)	957 (+3%)	2mo	$245,000	$256	68
869 21st Ave S	0.37mi	2/1.0 (-1)	894 (-4%)	8mo	$206,500	$231	64
753 16th Ave S	0.63mi	2/1.0 (-1)	909 (-2%)	3mo	$345,000	$380	59
2226 Union St S	0.62mi	2/1.0 (-1)	959 (+3%)	4mo	$98,000	$102	58
1608 Preston St S	0.43mi	2/1.0 (-1)	833 (-10%)	3mo	$242,000	$291	55
1708 Preston St S	0.36mi	3/1.0	795 (-15%)	9mo	$140,000	$176	51
828 20th Ave S	0.41mi	2/1.0 (-1)	834 (-10%)	12mo	$280,000	$336	48
645 16th Ave S	0.75mi	2/1.0 (-1)	912 (-2%)	12mo	$167,000	$183	46
916 11th Ave S	0.71mi	3/1.5	1,008 (+8%)	6mo	$359,000	$356	46
670 16th Ave S	0.71mi	2/2.0 (-1)	896 (-4%)	7mo	$205,000	$229	46
2333 22nd St S	0.72mi	2/2.5 (-1)	947 (+2%)	12mo	$320,000	$338	42

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: -18.5%
• Equity multiple: 0.37×
• Total profit: $-40,615
• Equity at exit: $34,145

10-year hold

• IRR: -18.2%
• Equity multiple: 0.14×
• Total profit: $-54,987
• Equity at exit: $19,800

Cash invested: $64,120 (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 33705

• Rents YoY: -0.1%
• Active inventory: 308
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,003 high
• Mortgage (P&I): −$1,201
• Tax from tax record: −$249 /mo · $2,987/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $37

Break-even live

Break-even rent $1,956

Max offer price $229,000

Occupancy floor 93%

Sensitivity live

Price	-10% $167	-5% $102	+0% $37	+5% $-28	+10% $-93
Rent	-10% $-121	-5% $-42	+0% $37	+5% $116	+10% $195
Rate	-1.0pp $152	-0.5pp $95	base $37	+0.5pp $-22	+1.0pp $-83

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1320 18th Ave S Saint Petersburg, FL	2.0	1.0	750	$1,550	$2.07	18d	1	0.13mi
1715 14th St S St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	25d	1	0.19mi
1701 14th St S Unit A St. Petersburg, FL	2.0	1.0	1100	$1,950	$1.77	25d	1	0.20mi
1931 10th St S St. Petersburg, FL	2.0	1.0	625	$1,675	$2.68	15d	1	0.23mi
986 22nd Ave S #3 St. Petersburg, FL	2.0	2.0	850	$1,350	$1.59	14d	1	0.23mi
2222 10th St S Unit B St. Petersburg, FL	2.0	1.0	600	$1,800	$3.00	25d	1	0.23mi
966 22nd Ave S Unit 109 St. Petersburg, FL	2.0	2.0	900	$1,795	$1.99	8d	1	0.27mi
944 18th Ave S Unit A St. Petersburg, FL	3.0	1.0	1013	$2,100	$2.07	18d	1	0.30mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,200	$2.47	3d	1	0.32mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,580	$2.89	21d	1	0.32mi
1529 12th St S Unit A St. Petersburg, FL	2.0	1.5	700	$1,550	$2.21	25d	1	0.33mi
1650 Prescott St S Saint Petersburg, FL	3.0	1.0	960	$2,100	$2.19	5d	1	0.35mi
1760 Queen St S Saint Petersburg, FL	3.0	1.0	1004	$2,000	$1.99	5d	1	0.38mi
1828 20th Ave S Saint Petersburg, FL	3.0	1.0	1015	$1,650	$1.63	25d	1	0.40mi
2219 Highland St S Unit 1 St. Petersburg, FL	2.0	1.0	850	$1,650	$1.94	25d	1	0.41mi
1428 12th St S Saint Petersburg, FL	2.0	1.0	575	$1,400	$2.43	22d	1	0.42mi
1427 15th St S Saint Petersburg, FL	3.0	1.0	1030	$2,095	$2.03	5d	1	0.45mi
767 19th Ave S Saint Petersburg, FL	2.0	1.0	800	$1,875	$2.34	5d	1	0.51mi
2000 Queensboro Ave S Unit A St. Petersburg, FL	2.0	1.0	616	$1,450	$2.35	25d	1	0.51mi
1771 15th Ave S Saint Petersburg, FL	2.0	1.0	800	$1,195	$1.49	5d	1	0.54mi
1771 15th Ave S Unit 1/2 St. Petersburg, FL	2.0	1.0	624	$1,195	$1.92	8d	1	0.54mi
725 21st Ave S Unit A St. Petersburg, FL	2.0	1.0	750	$1,750	$2.33	18d	1	0.54mi
2230 Grove St S Saint Petersburg, FL	2.0	1.0	1108	$1,750	$1.58	5d	1	0.56mi
2621 18th St S Saint Petersburg, FL	3.0	1.0	1114	$2,200	$1.97	25d	1	0.56mi
711 18th Ave S Unit 2 St. Petersburg, FL	2.0	1.0	896	$1,295	$1.45	4d	1	0.58mi
1311 Prescott St S Saint Petersburg, FL	4.0	2.0	1048	$2,300	$2.19	5d	1	0.58mi
888 14th Ave S St Petersburg, FL	2.0	1.0	1084	$1,825	$1.68	5d	1	0.60mi
2835 Dr Martin Luther King Jr St S Saint Petersburg, FL	2.0	1.0	780	$1,450	$1.86	25d	1	0.62mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	25d	1	0.62mi
2935 Dr Martin Luther King Jr St S Saint Petersburg, FL	4.0	1.0	1042	$1,895	$1.82	5d	1	0.66mi
2028 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	25d	1	0.66mi
2020 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	8d	1	0.66mi
2010 22nd St S Saint Petersburg, FL	3.0	1.0	1036	$1,695	$1.64	5d	1	0.66mi
675 17th Ave S Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,950	$1.95	25d	1	0.67mi
979 11th Ave S St. Petersburg, FL	2.0	2.0	721	$2,350	$3.26	13d	1	0.69mi
725 14th Ave S Apt D St. Petersburg, FL	3.0	1.0	818	$1,395	$1.71	4d	1	0.74mi
672 28th Ave S Saint Petersburg, FL	3.0	1.0	1032	$1,820	$1.76	25d	1	0.77mi
1036 19th St S Saint Petersburg, FL	2.0	1.0	575	$1,500	$2.61	25d	1	0.78mi
2245 17th Ave S Saint Petersburg, FL	4.0	2.0	1058	$2,400	$2.27	5d	1	0.80mi
2231 15th Ave S Saint Petersburg, FL	2.0	1.0	768	$1,900	$2.47	5d	1	0.82mi

Listing history 13 events

1. 2026-04-02
   status Pending
2. 2026-03-04
   price $229,000
3. 2026-02-19
   status Active
4. 2026-02-13
   status Pending
5. 2026-02-06
   listed $249,000 Active
6. 2020-09-21
   soldstatus $100,000
7. 2020-09-18
   soldstatus $100,000 Sold 357-char remark

   Show marketing remark (357 chars)

   NOMORE SHOWING CAN BE SCHEDULED, MULTIPLE OFFERS. HIGHEST AND BEST IS DUE BY 8/30/2020 12PM This home sits on a large lot and has been fully renovated. Brand New A/C unit, grey flooring throughout the bedrooms, updated bathroom and windows. Tenant pays $1100/monthly and has been paying on time since they been in the property. Lease ends March' 29' 2021

8. 2020-08-30
   status Pending 357-char remark

   Show marketing remark (357 chars)

   NOMORE SHOWING CAN BE SCHEDULED, MULTIPLE OFFERS. HIGHEST AND BEST IS DUE BY 8/30/2020 12PM This home sits on a large lot and has been fully renovated. Brand New A/C unit, grey flooring throughout the bedrooms, updated bathroom and windows. Tenant pays $1100/monthly and has been paying on time since they been in the property. Lease ends March' 29' 2021

9. 2020-08-28
   listed $94,999 Active 357-char remark

   Show marketing remark (357 chars)

   NOMORE SHOWING CAN BE SCHEDULED, MULTIPLE OFFERS. HIGHEST AND BEST IS DUE BY 8/30/2020 12PM This home sits on a large lot and has been fully renovated. Brand New A/C unit, grey flooring throughout the bedrooms, updated bathroom and windows. Tenant pays $1100/monthly and has been paying on time since they been in the property. Lease ends March' 29' 2021

10. 2004-04-02
    soldstatus $53,300
11. 1998-12-21
    soldstatus $10,000
12. 1997-01-02
    soldstatus $69,000
13. 1991-03-14
    soldstatus $8,000

ⓘ 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: $2,987 · $249/mo
• Projected year-2 tax: $2,987 · $249/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 · 25 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: $24,033
• − Mortgage interest: −$12,828
• − Property taxes: −$2,987
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,923
• − Management: −$1,923
• − Depreciation: −$6,662
• Taxable loss: −$3,433
• Est. tax savings @ 24.0%: +$824
• After-tax cash flow: $1,268/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): 27,939
• Household income: $73,027
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 1386.0

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 0.64)
• Race & ethnicity: Black 44% White 41% Two or more races 10% Hispanic / Latino 5%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Lithuanian 2% Italian 1% Slovak 1%
• Foreign-born: 9% · Canada, Dominican Republic
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -540.28%
• Current HPI: 388.3086
• Rent YoY: ▼ -0.13%
• 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

+2762.5% since first listed

13 events — show timeline

• 2026-04-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-06 Listed $249,000 Stellar MLS as Distributed by MLS Grid
• 2020-09-21 Sold (Public Records) $100,000 Public Records
• 2020-09-18 Sold (MLS) $100,000 Stellar MLS as Distributed by MLS Grid
• 2020-08-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-08-28 Listed $94,999 Stellar MLS as Distributed by MLS Grid
• 2004-04-02 Sold (Public Records) $53,300 Public Records
• 1998-12-21 Sold (Public Records) $10,000 Public Records
• 1997-01-02 Sold (Public Records) $69,000 Public Records
• 1991-03-14 Sold (Public Records) $8,000 Public Records

Property tax history

+23.2%/yr

Latest (2025): $2,987 · +15.7% YoY. Source: county tax records.