669 52nd Ave S · St. Petersburg, FL 33705

$299,000

3 bd · 1.0 ba · 984 sqft · SingleFamily public records · 75 Days on market

Built 1975 6,734 sqft lot Est $345k · 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 +14.1/30.0
• ARV discount +13.5/15.0
• DSCR +4.3/10.0
• Schools +4.3/10.0
• 1% rule +3.4/10.0
• 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

3 Bedroom Block Home Near Lakewood Estates - Bayou Heights - Nicely maintained 3 bedroom 1 bath home with new kitchen including dishwasher, new carpet, freshly painted and 1 car garage with washer & dryer waiting for you. Large front and back yards for lounging and entertaining. Approximately 980 square feet of living space.

Key facts

• Slab foundation
• 2018 ac
• Flood zone x

Tags

• FLOOD ZONE X
• 2023 ROOF
• 2018 AC
• SLAB FOUNDATION
• BLOCK CONSTRUCTION
• GENEROUS LOT SIZE

Property features AI

Finance

• Other: Shed(s) on property; Lot approximately 0.15 acre (50 x 135); Unfurnished
• HOA & community: Pets allowed: Cats and dogs permitted; No association reported

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Single Family Residence; Residential property; One story; Faces south; Homesteaded
• Construction: Block construction; Shingle roof; Slab foundation; Built as a single-story structure
• Exterior features: Sidewalk; Near golf course; Near marina; Near public transit; Paved access; Private lot

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Thermostat
• Laundry & utility: Washer; Dryer; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $42 ($507/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 $250k (16.5% below list).
• Recommended offer: $250k (16.5% 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.
• Zoned schools: Lakewood Elementary School (math 62% / reading 42%, grade C-, #990 of 2,144 statewide, top 48%, 425 students, 84% FRL); Lakewood High School (math 27% / reading 44%, grade F, #367 of 667 statewide, top 57%, 915 students, 59% FRL) — zoned schools average 72% FRL vs 48% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• 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 25d 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 41% 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 $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 75 days — a 6% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $16k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $132k; list at $299k implies a 127% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $249,782 (16.5% below list)

Questions for the listing agent

1. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. 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: 0.84% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.61%
• DSCR: 1.03
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $345,384
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
701 52nd Ave S	0.05mi	2/1.0 (-1)	1,011 (+3%)	2mo	$389,000	$385	86
1110 Asturia Way S	0.45mi	3/1.0	975 (-1%)	8mo	$395,000	$405	71
1025 Alhambra Way S	0.43mi	3/1.0	984 (0%)	11mo	$350,000	$356	71
100 Lewis Blvd SE	0.59mi	3/2.0	988 (+0%)	9mo	$349,000	$353	61
5310 5th St S	0.19mi	2/1.0 (-1)	874 (-11%)	9mo	$307,000	$351	60
812 52nd Ave S	0.18mi	2/1.0 (-1)	880 (-11%)	15mo	$305,000	$347	56
312 46th Ave S	0.44mi	3/2.0	1,076 (+9%)	14mo	$430,000	$400	48
6121 4th St S	0.64mi	2/2.0 (-1)	1,041 (+6%)	6mo	$354,000	$340	46
5330 DR Martin Luther King JR St S	0.28mi	2/1.5 (-1)	841 (-14%)	12mo	$185,000	$220	46
760 42nd Ave S	0.61mi	3/2.0	1,030 (+5%)	21mo	$254,400	$247	43
4420 Neptune Dr SE	0.71mi	2/1.5 (-1)	1,106 (+12%)	2mo	$350,000	$316	38
5998 Grove St S	0.53mi	2/2.0 (-1)	1,101 (+12%)	13mo	$328,000	$298	36

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: -18.6%
• Equity multiple: 0.37×
• Total profit: $-53,128
• Equity at exit: $44,582

10-year hold

• IRR: -17.9%
• Equity multiple: 0.15×
• Total profit: $-71,275
• Equity at exit: $25,852

Cash invested: $83,720 (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: 10.0×

Monthly cashflow live

• Estimated rent: $2,498 high
• Mortgage (P&I): −$1,568
• Tax from tax record: −$238 /mo · $2,862/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $42

Break-even live

Break-even rent $2,444

Max offer price $299,000

Occupancy floor 93%

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
930 Alcazar Way S Saint Petersburg, FL	3.0	1.0	1060	$1,795	$1.69	11d	1	0.34mi
930 Alcazar Way S Saint Petersburg, FL	3.0	1.0	1060	$1,795	$1.69	15d	1	0.34mi
930 Alcazar Way S Saint Petersburg, FL	3.0	1.0	1060	$1,795	$1.69	4d	1	0.34mi
511 41st Ave S Saint Petersburg, FL	2.0	1.0	900	$2,395	$2.66	24d	1	0.70mi
5006 Starfish Dr SE Unit A Saint Petersburg, FL	2.0	1.0	773	$3,200	$4.14	24d	1	0.71mi
5191 Salmon Dr SE Unit B Saint Petersburg, FL	2.0	1.0	720	$2,500	$3.47	20d	1	0.72mi
5191 Salmon Dr SE Unit B Saint Petersburg, FL	2.0	1.0	720	$2,850	$3.96	4d	1	0.72mi
5162 Salmon Dr SE Unit C Saint Petersburg, FL	2.0	1.0	720	$2,550	$3.54	24d	1	0.74mi
5248 Beach Dr SE Unit 5248 St. Petersburg, FL	2.0	1.5	1022	$2,950	$2.89	4d	1	0.76mi
5052 Starfish Dr SE Unit D Saint Petersburg, FL	2.0	1.0	825	$2,200	$2.67	24d	1	0.77mi
5174 Beach Dr SE Unit D Saint Petersburg, FL	2.0	1.0	825	$4,200	$5.09	24d	1	0.79mi
289 43rd Ter SE Saint Petersburg, FL	2.0	1.0	642	$1,950	$3.04	4d	1	0.81mi
5245 Coquina Key Dr SE Unit D Saint Petersburg, FL	2.0	2.0	1018	$3,000	$2.95	4d	1	0.81mi
5048 Beach Dr SE Unit F St Petersburg, FL	2.0	1.0	825	$2,800	$3.39	4d	1	0.84mi
5111 Coquina Key Dr SE St. Petersburg, FL	2.0	1.0	774	$2,145	$2.77	4d	1	0.85mi
5111 Coquina Key Dr SE Unit A Saint Petersburg, FL	2.0	1.0	774	$2,145	$2.77	11d	1	0.85mi
5280 Coquina Key Dr SE Unit A Saint Petersburg, FL	2.0	1.0	825	$3,500	$4.24	24d	1	0.85mi
5026 Coquina Key Dr SE Saint Petersburg, FL	2.0	2.5	1053	$2,900	$2.75	24d	1	0.89mi
4942 Coquina Key Dr SE Saint Petersburg, FL	2.0	1.5	1124	$2,599	$2.31	24d	1	0.93mi
3873 Pompano Dr SE Unit B Saint Petersburg, FL	2.0	2.0	1018	$2,650	$2.60	24d	1	0.93mi
3857 Pompano Dr SE Saint Petersburg, FL	2.0	2.5	1053	$2,500	$2.37	24d	1	0.94mi
4751 Coquina Key Dr SE Saint Petersburg, FL	2.0	2.5	1053	$4,250	$4.04	24d	1	0.95mi
4768 Coquina Key Dr SE St Petersburg, FL	2.0	2.5	1124	$3,600	$3.20	4d	1	0.98mi
726 35th Ave S Saint Petersburg, FL	2.0	1.0	972	$2,020	$2.08	24d	2	1.01mi
173 38th Ave SE Unit 173 St. Petersburg, FL	2.0	1.0	780	$1,675	$2.15	24d	1	1.02mi
257 38th Ave SE St. Petersburg, FL	2.0	1.0	780	$1,500	$1.92	22d	1	1.02mi
3747 Pompano Dr SE Unit 1 St. Petersburg, FL	2.0	1.5	1053	$2,500	$2.37	18d	1	1.03mi
4185 Barracuda Dr SE St Petersburg, FL	3.0	2.0	1032	$2,775	$2.69	24d	1	1.06mi
3975 Porpoise Dr SE Saint Petersburg, FL	3.0	2.0	998	$2,500	$2.51	4d	1	1.09mi
213 Seahorse Dr SE Unit D Saint Petersburg, FL	2.0	1.0	825	$2,100	$2.55	24d	1	1.12mi
213 Seahorse Dr SE Unit B Saint Petersburg, FL	2.0	1.0	825	$2,350	$2.85	20d	1	1.12mi
136 Pompano Dr SE Unit D Saint Petersburg, FL	2.0	2.0	1018	$2,400	$2.36	24d	1	1.12mi
204 Pompano Dr SE Unit D Saint Petersburg, FL	2.0	2.0	1018	$1,850	$1.82	24d	1	1.19mi
650 Pinellas Point Dr S St Petersburg, FL	1.0–2.0	1.0	707	$2,100	$2.97	18d	1	1.23mi
825 32nd Ave S Saint Petersburg, FL	1.0–3.0	1.0–2.5	1518	$3,840	$2.53	3d	17	1.27mi
626 29th Ave S Saint Petersburg, FL	2.0	1.0	540	$1,615	$2.99	24d	1	1.37mi
2935 Dr Martin Luther King Jr St S Saint Petersburg, FL	4.0	1.0	1042	$1,895	$1.82	4d	1	1.38mi
5800 Lynn Lake Dr S St. Petersburg, FL	2.0	1.0–2.5	882	$1,920	$2.18	3d	44	1.39mi
2835 Dr Martin Luther King Jr St S Saint Petersburg, FL	2.0	1.0	780	$1,450	$1.86	24d	1	1.43mi
672 28th Ave S Saint Petersburg, FL	3.0	1.0	1032	$1,820	$1.76	24d	1	1.43mi

Listing history 17 events

1. 2026-06-13
   statusdays on market $299,000 Pending 75 DOM
2. 2026-06-09
   days on market $299,000 Active 74 DOM
3. 2026-06-08
   days on market $299,000 Active 73 DOM
4. 2026-06-07
   days on market $299,000 Active 72 DOM
5. 2026-06-04
   days on market $299,000 Active 69 DOM
6. 2026-06-03
   days on market $299,000 Active 68 DOM
7. 2026-06-01
   days on market $299,000 Active 66 DOM
8. 2026-05-31
   days on market $299,000 Active 65 DOM
9. 2026-05-15
   price $299,000
10. 2026-04-17
    price $310,000
11. 2026-03-27
    listed $315,000 Active
12. 2017-07-21
    soldstatus $132,000
13. 2017-07-20
    soldstatus $132,000 Sold 332-char remark

    Show marketing remark (332 chars)

    3 Bedroom Block Home Near Lakewood Estates - Bayou Heights - Nicely maintained 3 bedroom 1 bath home with new kitchen including dishwasher, new carpet, freshly painted and 1 car garage with washer & dryer waiting for you. Large front and back yards for lounging and entertaining. Approximately 980 square feet of living space.

14. 2017-06-19
    status Pending 332-char remark

    Show marketing remark (332 chars)

    3 Bedroom Block Home Near Lakewood Estates - Bayou Heights - Nicely maintained 3 bedroom 1 bath home with new kitchen including dishwasher, new carpet, freshly painted and 1 car garage with washer & dryer waiting for you. Large front and back yards for lounging and entertaining. Approximately 980 square feet of living space.

15. 2017-06-09
    listed $137,500 Active 332-char remark

    Show marketing remark (332 chars)

    3 Bedroom Block Home Near Lakewood Estates - Bayou Heights - Nicely maintained 3 bedroom 1 bath home with new kitchen including dishwasher, new carpet, freshly painted and 1 car garage with washer & dryer waiting for you. Large front and back yards for lounging and entertaining. Approximately 980 square feet of living space.

16. 2005-03-18
    soldstatus $121,300
17. 2002-05-23
    soldstatus $66,500

ⓘ 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: $2,862 · $238/mo
• Projected year-2 tax: $2,862 · $238/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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,974
• − Mortgage interest: −$16,749
• − Property taxes: −$2,862
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,398
• − Management: −$2,398
• − Depreciation: −$8,698
• Taxable loss: −$4,626
• Est. tax savings @ 24.0%: +$1,110
• After-tax cash flow: $1,617/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

+349.6% since first listed

9 events — show timeline

• 2026-05-15 Price Changed $299,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $310,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Listed $315,000 Stellar MLS as Distributed by MLS Grid
• 2017-07-21 Sold (Public Records) $132,000 Public Records
• 2017-07-20 Sold (MLS) $132,000 Stellar MLS as Distributed by MLS Grid
• 2017-06-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-06-09 Listed $137,500 Stellar MLS as Distributed by MLS Grid
• 2005-03-18 Sold (Public Records) $121,300 Public Records
• 2002-05-23 Sold (Public Records) $66,500 Public Records

Property tax history

+5.6%/yr

Latest (2025): $2,862 · +5.9% YoY. Source: county tax records.