4480 Newark St N · Lealman, FL 33714

$200,000

2 bd · 1.0 ba · 576 sqft · SingleFamily public records · 123 Days on market

Built 1954 4,051 sqft lot Est $229k · 13% under ↓ 5% since listing

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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 +15.7/30.0
• ARV discount +13.2/15.0
• DSCR +4.8/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor special or perfect starter home! This 2 bedroom, 1 bathroom St. Petersburg property is packed with potential and ready for your vision. Featuring a beautifully remodeled bathroom, 2015 roof, and water softener, the home offers a great foundation for investors, renovators, or first-time buyers looking to build equity with updates and improvements. Situated on a spacious lot in a convenient central location just minutes to downtown St. Pete, shopping, dining, and the Gulf beaches. Bring your creativity and unlock the opportunity at 4480 Newark St N!

Key facts

• 2015 roof
• Remodeled bathroom
• Water softener

Tags

• REMODELED BATHROOM
• 2015 ROOF
• WATER SOFTENER
• SPACIOUS LOT
• CENTRAL LOCATION

Property features AI

Finance

• Other: Property type: Residential — Single Family Residence; Zoning: R-4; Total rooms: 3; Living area approximately 576 sq ft (building area 672 sq ft); Lot size dimensions 45x90; Directions: From Newark St N home is on the left
• HOA & community: No association

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Sewer connected; Water connected
• Home design: Single-family residence; One story; Faces east; Homesteaded
• Construction: Frame construction; Shingle roof; Crawlspace foundation; Built on a 45 x 90 lot (approximately 0.09 acres)
• Exterior features: Exterior lighting; Asphalt road access

Interior

• Kitchen: Cooktop; Range; Refrigerator; Freezer
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $86 ($1k/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 $160k (19.9% below list).
• Recommended offer: $160k (19.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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+, 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.
• Zoned schools: New Heights Elementary School (math 34% / reading 32%, grade F, #1,773 of 2,144 statewide, top 83%, 615 students, 81% FRL); Tyrone Middle School (math 35% / reading 28%, grade F, #453 of 571 statewide, top 81%, 847 students, 68% FRL); St. Petersburg High School (math 31% / reading 61%, grade D-, #220 of 667 statewide, top 33%, 1,723 students, 39% FRL).
• Zoned-school proficiency averages 37% at this address vs 51% district-wide (-14 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.1%/yr); 165 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 40% of the median local income ($47k/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 $1k of loan paydown is wiped out by about $6k 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 123 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,172 (19.9% below list)

Questions for the listing agent

1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — 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. 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?
8. 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.
9. 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.
10. 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: 0.80% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.85%
• DSCR: 1.08
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $229,248
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4479 Newark St N	0.02mi	2/1.0	653 (+13%)	12mo	$142,000	$217	67
4110 42nd Ave N	0.18mi	2/1.0	648 (+12%)	8mo	$258,000	$398	64
4941 43rd Ave N	0.73mi	2/1.0	560 (-3%)	5mo	$255,000	$455	57

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: -16.4%
• Equity multiple: 0.43×
• Total profit: $-31,703
• Equity at exit: $29,821

10-year hold

• IRR: -13.6%
• Equity multiple: 0.30×
• Total profit: $-39,072
• Equity at exit: $17,292

Cash invested: $56,000 (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 33714

• Home prices YoY: -30.9%
• Rents YoY: -2.1%
• Active inventory: 165
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,602 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$47 /mo · $562/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $86

Break-even live

Break-even rent $1,492

Max offer price $200,000

Occupancy floor 90%

Sensitivity live

Price	-10% $200	-5% $143	+0% $86	+5% $30	+10% $-27
Rent	-10% $-40	-5% $23	+0% $86	+5% $150	+10% $213
Rate	-1.0pp $187	-0.5pp $137	base $86	+0.5pp $35	+1.0pp $-18

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3733 42nd Ave N Saint Petersburg, FL	2.0	1.0	608	$1,695	$2.79	26d	1	0.28mi
3640 49th Ave N St. Petersburg, FL	1.0	1.0	480	$1,150	$2.40	0d	1	0.52mi
3600 49th Ave N Saint Petersburg, FL	1.0–2.0	1.0	680	$1,600	$2.35	5d	8	0.54mi
5301 40th St N Saint Petersburg, FL	2.0	1.0	720	$1,950	$2.71	3d	1	0.58mi
4163 31st St N unit Unit D Saint Petersburg, FL	1.0	1.0	600	$1,490	$2.48	15d	1	0.87mi
3160 36th St N #115 Saint Petersburg, FL	1.0	1.0	610	$1,300	$2.13	3d	1	0.87mi
3201 36th Ave N Unit B St. Petersburg, FL	2.0	1.0	624	$1,500	$2.40	26d	1	0.89mi
3791 58th Ave N Unit 3 St. Petersburg, FL	1.0	1.0	500	$1,430	$2.86	19d	1	0.92mi
3109 54th Ave N Saint Petersburg, FL	1.0	1.0	400	$1,025	$2.56	23d	1	1.03mi
3109 54th Ave N Unit 1/2 St. Petersburg, FL	1.0	1.0	400	$1,025	$2.56	19d	1	1.03mi
3316 31st Ave N St. Petersburg, FL	1.0–2.0	1.0	825	$1,649	$2.00	0d	3	1.04mi
2807 41st Ave N Unit 3 St. Petersburg, FL	1.0	1.0	450	$1,600	$3.56	26d	1	1.06mi
2730 37th Ave N Unit B St. Petersburg, FL	1.0	1.0	560	$1,590	$2.84	26d	1	1.21mi
2846 30th St N Saint Petersburg, FL	2.0	1.0	736	$1,950	$2.65	0d	1	1.29mi
2848 30th Ave N St. Petersburg, FL	2.0	1.0	736	$2,150	$2.92	26d	1	1.35mi
3715 66th Ave N Unit B Pinellas Park, FL	2.0	1.0	750	$1,475	$1.97	23d	1	1.43mi
4660 24th St N Saint Petersburg, FL	3.0	1.0	600	$2,250	$3.75	26d	1	1.45mi

Listing history 17 events

1. 2026-06-22
   days on market $200,000 Active 123 DOM
2. 2026-06-18
   days on market $200,000 Active 120 DOM
3. 2026-06-17
   days on market $200,000 Active 119 DOM
4. 2026-06-16
   days on market $200,000 Active 118 DOM
5. 2026-06-15
   days on market $200,000 Active 117 DOM
6. 2026-06-13
   days on market $200,000 Active 115 DOM
7. 2026-06-09
   days on market $200,000 Active 111 DOM
8. 2026-06-08
   days on market $200,000 Active 110 DOM
9. 2026-06-07
   days on market $200,000 Active 109 DOM
10. 2026-06-04
    days on market $200,000 Active 106 DOM
11. 2026-06-03
    days on market $200,000 Active 105 DOM
12. 2026-06-01
    days on market $200,000 Active 103 DOM
13. 2026-05-31
    days on market $200,000 Active 102 DOM
14. 2026-03-10
    price $200,000
15. 2026-03-10
    status Active
16. 2026-03-03
    status Pending
17. 2026-02-11
    listed $210,000 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: $562 · $47/mo
• Projected year-2 tax: $1,660 · $138/mo
• Expected delta: +$1,098/yr (+$91/mo · 195.4%)

ⓘ 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 6 d/yr ≥106°F today · 21 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: $19,221
• − Mortgage interest: −$11,203
• − Property taxes: −$562
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,538
• − Management: −$1,538
• − Depreciation: −$5,818
• Taxable loss: −$2,438
• Est. tax savings @ 24.0%: +$585
• After-tax cash flow: $1,622/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

-4.8% since first listed

4 events — show timeline

• 2026-03-10 Price Changed $200,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-11 Listed $210,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-0.7%/yr

Latest (2025): $562 · +5.7% YoY. Source: county tax records.