1039 N Missouri Ave · Clearwater, FL 33755

$365,000

5 bd · 2.0 ba · 1,788 sqft · SingleFamily public records · 16 Days on market

Built 1991 8,037 sqft lot Est $468k · 22% 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).

• ARV discount +15.0/15.0
• Cash flow +13.5/30.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• Livability +4.1/5.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity knocks! Whether you are an investor looking for a competitively priced opportunity in the heart of Clearwater, or an experienced developer looking for your next project, this is the ideal investment. 1039 Missouri offers the perfect opportunity to renovate or build a new home in an area offering easy access to great schools and world renowned beaches. This welcoming neighborhood is waiting for you to join this tight-knit community! Opportunities like this don’t last long. Property being sold AS-IS. Seller has never occupied property therefore there are no disclosures available. Claims made in this listing are deemed correct by seller, but buyer understands it is their responsibility to confirm all info.

Key facts

• Fully renovated
• Upgraded plumbing
• New ac system

Tags

• FULLY RENOVATED
• NON-FLOOD ZONE
• UPGRADED PLUMBING
• UPGRADED ELECTRICAL SYSTEM
• UPGRADED INSULATION
• NEW AC SYSTEM

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Single Family Residence; Living area about 1,788 square feet (per public records); Total building area about 2,108 square feet (per public records)
• Financial info: Lease restrictions apply
• HOA & community: No association

Exterior

• Utilities: Public water; Public sewer; Other utilities
• Home design: Single family residence; One story; Faces west
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built as a residential single-family home
• Exterior features: Asphalt road access; Lot dimensions approximately 54 x 148; Approximately 0.18 acre lot (0 to less than 1/4 acre)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 5 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan; 9 total rooms
• Laundry & utility: Laundry room; Washer hookup

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $365k.

Deal economics

• At list price, monthly cash flow is $11 ($126/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 $299k (18.1% below list).
• Recommended offer: $299k (18.1% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 2.9% in Clearwater — 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 82/100 on livability (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: employment C-.
• 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: Sandy Lane Elementary School (math 32% / reading 22%, grade F, #1,969 of 2,144 statewide, top 94%, 304 students, 85% FRL); Dunedin Highland Middle School (math 53% / reading 52%, grade C+, #213 of 571 statewide, top 38%, 899 students, 53% FRL); Clearwater High School (math 30% / reading 36%, grade F, #406 of 667 statewide, top 61%, 1,664 students, 59% FRL) — zoned schools average 66% FRL vs 48% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 38% 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 (-2.2%/yr); 268 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $2,989/mo this rent would consume 57% of the median local household income ($63k/yr) (locally 1511% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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 16 days — a 2% lower offer ($360k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago 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.
• Current owner paid $206k; list at $365k implies a 77% 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 $298,883 (18.1% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.82% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.12%
• DSCR: 1.01
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $468,456
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1039 N Missouri Ave	0.00mi	5/2.0	1,788 (0%)	1mo	$360,000	$201	99
707 N Jefferson Ave	0.27mi	4/2.0 (-1)	1,701 (-5%)	2mo	$326,000	$192	72
1755 Fulton Ave	0.57mi	4/2.0 (-1)	1,904 (+6%)	3mo	$215,400	$113	55
1364 Palmetto St	0.44mi	4/3.0 (-1)	1,928 (+8%)	6mo	$650,000	$337	52
1450 Palmetto St	0.65mi	4/2.0 (-1)	1,981 (+11%)	12mo	$520,000	$262	36
1826 Sylvan Dr	0.73mi	4/2.5 (-1)	2,026 (+13%)	12mo	$567,000	$280	27

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: -19.3%
• Equity multiple: 0.34×
• Total profit: $-67,295
• Equity at exit: $54,423

10-year hold

• IRR: -19.3%
• Equity multiple: 0.10×
• Total profit: $-91,832
• Equity at exit: $31,559

Cash invested: $102,200 (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 33755

• Rents YoY: -2.2%
• Active inventory: 268
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,989 high
• Mortgage (P&I): −$1,914
• Tax from tax record: −$284 /mo · $3,414/yr
• Insurance: −$152
• HOA: −$0
• Vacancy / Maint / Mgmt: −$628
• Net cashflow: $11

Break-even live

Break-even rent $2,976

Max offer price $365,000

Occupancy floor 95%

Sensitivity live

Price	-10% $217	-5% $114	+0% $11	+5% $-93	+10% $-196
Rent	-10% $-226	-5% $-108	+0% $11	+5% $129	+10% $247
Rate	-1.0pp $194	-0.5pp $103	base $11	+0.5pp $-84	+1.0pp $-180

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: $91,250
• Closing costs: $10,950
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1614 N Osceola Ave Clearwater, FL	4.0	2.0	1556	$2,600	$1.67	6d	1	0.69mi
1822 Pineland Dr Clearwater, FL	4.0	2.0	1652	$2,900	$1.76	6d	1	0.70mi
113 Kenwood Ave Clearwater, FL	4.0	2.5	2217	$3,000	$1.35	6d	1	0.70mi
1793 N Fort Harrison Ave Clearwater, FL	4.0	3.5	2050	$3,350	$1.63	21d	1	0.78mi
1601 Long St Clearwater, FL	4.0	2.0	1726	$2,300	$1.33	17d	1	1.04mi
1743 Ridgeway Dr Clearwater, FL	4.0	2.0	1900	$2,800	$1.47	6d	1	1.35mi
648 Norfolk St Dunedin, FL	4.0	2.5	2054	$3,000	$1.46	4d	1	1.49mi

Listing history 21 events

1. 2026-04-20
   status Pending
2. 2026-04-03
   listed $365,000 Active
3. 2026-01-01
   historical $7,500
4. 2025-08-15
   listed $7,500
5. 2025-07-17
   price $375,000
6. 2025-06-17
   price $385,000
7. 2025-05-26
   price $389,000
8. 2025-05-25
   price $389,578
9. 2025-05-16
   price $395,000
10. 2025-04-16
    price $399,000
11. 2025-04-11
    price $409,999
12. 2025-04-01
    price $415,000
13. 2025-03-16
    price $425,000
14. 2025-03-16
    price $4,250,000
15. 2025-03-15
    listed $550,000 Active
16. 2024-05-15
    soldstatus $206,000 Closed 730-char remark

    Show marketing remark (730 chars)

    Opportunity knocks! Whether you are an investor looking for a competitively priced opportunity in the heart of Clearwater, or an experienced developer looking for your next project, this is the ideal investment. 1039 Missouri offers the perfect opportunity to renovate or build a new home in an area offering easy access to great schools and world renowned beaches. This welcoming neighborhood is waiting for you to join this tight-knit community! Opportunities like this don’t last long. Property being sold AS-IS. Seller has never occupied property therefore there are no disclosures available. Claims made in this listing are deemed correct by seller, but buyer understands it is their responsibility to confirm all info.

17. 2024-05-15
    soldstatus $206,000

    Show marketing remark (730 chars)

    Opportunity knocks! Whether you are an investor looking for a competitively priced opportunity in the heart of Clearwater, or an experienced developer looking for your next project, this is the ideal investment. 1039 Missouri offers the perfect opportunity to renovate or build a new home in an area offering easy access to great schools and world renowned beaches. This welcoming neighborhood is waiting for you to join this tight-knit community! Opportunities like this don’t last long. Property being sold AS-IS. Seller has never occupied property therefore there are no disclosures available. Claims made in this listing are deemed correct by seller, but buyer understands it is their responsibility to confirm all info.

18. 2024-04-22
    status Pending 730-char remark

    Show marketing remark (730 chars)

    Opportunity knocks! Whether you are an investor looking for a competitively priced opportunity in the heart of Clearwater, or an experienced developer looking for your next project, this is the ideal investment. 1039 Missouri offers the perfect opportunity to renovate or build a new home in an area offering easy access to great schools and world renowned beaches. This welcoming neighborhood is waiting for you to join this tight-knit community! Opportunities like this don’t last long. Property being sold AS-IS. Seller has never occupied property therefore there are no disclosures available. Claims made in this listing are deemed correct by seller, but buyer understands it is their responsibility to confirm all info.

19. 2024-04-09
    listed $189,950 Active 730-char remark

    Show marketing remark (730 chars)

    Opportunity knocks! Whether you are an investor looking for a competitively priced opportunity in the heart of Clearwater, or an experienced developer looking for your next project, this is the ideal investment. 1039 Missouri offers the perfect opportunity to renovate or build a new home in an area offering easy access to great schools and world renowned beaches. This welcoming neighborhood is waiting for you to join this tight-knit community! Opportunities like this don’t last long. Property being sold AS-IS. Seller has never occupied property therefore there are no disclosures available. Claims made in this listing are deemed correct by seller, but buyer understands it is their responsibility to confirm all info.

20. 1992-07-06
    soldstatus $38,000
21. 1991-12-05
    soldstatus $38,000

ⓘ 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: $3,414 · $284/mo
• Projected year-2 tax: $3,414 · $284/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 ≥107°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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,866
• − Mortgage interest: −$20,446
• − Property taxes: −$3,414
• − Insurance: −$1,825
• − Repairs & maintenance: −$2,869
• − Management: −$2,869
• − Depreciation: −$10,618
• Taxable loss: −$6,175
• Est. tax savings @ 24.0%: +$1,482
• After-tax cash flow: $1,608/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 — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

Amenities B Commute A+ Cost of living A- Crime B+ Employment C- Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clearwater, FL
• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,476
• Household income: $62,886
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 1511.0

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 0.63)
• Race & ethnicity: White 54% Black 22% Hispanic / Latino 17% Two or more races 10% Asian 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 2% Italian 2% Arab 1%
• Foreign-born: 15% · Canada
• Languages at home: 78% English-only · Spanish 13% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -472.62%
• Current HPI: 351.4973
• Rent YoY: ▼ -2.20%
• 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

+860.5% since first listed

21 events — show timeline

• 2026-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listed $365,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-01 Rental Removed $7,500 STELLARMLS
• 2025-08-15 Listed for Rent $7,500 STELLARMLS
• 2025-07-17 Price Changed $375,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-17 Price Changed $385,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-26 Price Changed $389,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-25 Price Changed $389,578 Stellar MLS as Distributed by MLS Grid
• 2025-05-16 Price Changed $395,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-16 Price Changed $399,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-11 Price Changed $409,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-01 Price Changed $415,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-16 Price Changed $425,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-16 Price Changed $4,250,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-15 Listed $550,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-15 Sold (Public Records) $206,000 Public Records
• 2024-05-15 Sold (MLS) $206,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-04-09 Listed $189,950 Stellar MLS as Distributed by MLS Grid
• 1992-07-06 Sold (Public Records) $38,000 Public Records
• 1991-12-05 Sold (Public Records) $38,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $3,414 · -2.3% YoY. Source: county tax records.