1000 49th St N #115 · St. Petersburg, FL 33710

$135,000

2 bd · 2.0 ba · 1,232 sqft · Condo public records · 132 Days on market

Built 1967 $847/mo HOA · 40% of rent

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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).

• 1% rule +10.0/10.0
• Cash flow +9.2/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +2.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Discover the epitome of city living in this spacious two-bedroom, two-bathroom ground-floor corner unit condo nestled in the heart of Disston Plaza. Boasting a generous floor plan, this residence offers both comfort and style with modern upgrades and an unbeatable location. Inside, wood-like tile flooring flows throughout the living spaces, offering the warmth and look of wood with the durability and easy maintenance of tile. The recently updated kitchen features brand-new cabinets and sleek quartz countertops, creating a clean, contemporary feel. Even better, the seller is offering a credit so you can select your own appliances, allowing you to customize the kitchen to your taste. The conv

Key facts

• Quartz countertops
• Updated kitchen
• Brand new cabinets

Tags

• GROUND FLOOR CORNER UNIT
• WOOD LIKE TILE FLOORING
• UPDATED KITCHEN
• BRAND NEW CABINETS
• QUARTZ COUNTERTOPS
• IN UNIT WASHER AND DRYER

Property features AI

Finance

• Other: Unfurnished; Unit located on floor 1
• Financial info: Total monthly fees $847 (total annual fees $10,164); Lease restrictions apply
• HOA & community: Has HOA (Association: MICHEAL SLAVEN Assn); Monthly condo fee of $727; Association amenities include laundry, maintenance, and storage; Association fees cover maintenance (structure and grounds), sewer, trash, and water; Association approval required; Community mailbox; Pets allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Public utilities
• Home design: Condominium; One-level unit; Faces east
• Construction: Brick construction; Built-up roof; Slab foundation; Built as part of a multi-story building (3 stories total)
• Exterior features: Exterior lighting; Sidewalks; Paved road access

Interior

• Kitchen: Dishwasher
• Bedrooms: 2 bedrooms
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floor plan; Living room/dining room combo
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $135k.

Deal economics

• At list price, monthly cash flow is $-102 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $117k (13.3% below list).
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $117k (13.3% below list) — sets the bar for cash-flow.
• Cap rate 5.4% 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 (-0.5%/yr); 313 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 4d 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 32% of the median local income ($79k/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 $933 of loan paydown is wiped out by about $4k 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 132 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 15y 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 $25k; list at $135k implies a 440% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 40% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $117,019 (13.3% 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. It's been on market 132 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.58% ✓
• Cap rate: 5.39%
• Cash-on-cash: -3.23%
• DSCR: 0.86
• GRM: 5.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -28.3%
• Equity multiple: 0.10×
• Total profit: $-34,037
• Equity at exit: $20,129

10-year hold

• IRR: -75.5%
• Equity multiple: -0.58×
• Total profit: $-59,822
• Equity at exit: $11,672

Cash invested: $37,800 (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 33710

• Rents YoY: -0.5%
• Active inventory: 313
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,127 high
• Mortgage (P&I): −$708
• Tax from tax record: −$171 /mo · $2,046/yr
• Insurance: −$56
• HOA: −$847
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $-102

Break-even live

Break-even rent $2,255

Max offer price $117,019

Occupancy floor 100%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
630 50th St N Saint Petersburg, FL	2.0	1.0	1085	$2,070	$1.91	24d	1	0.25mi
4594 10th Ave N Saint Petersburg, FL	3.0	2.0	1432	$3,100	$2.16	24d	1	0.26mi
1101 46th St N Saint Petersburg, FL	2.0	1.0	1300	$2,300	$1.77	4d	1	0.27mi
4942 Oxford Ave N Saint Petersburg, FL	2.0	1.0	776	$1,700	$2.19	24d	1	0.31mi
5330 11th Ave N Saint Petersburg, FL	2.0	1.0	756	$1,800	$2.38	4d	1	0.37mi
5318 9th Ave N Saint Petersburg, FL	3.0	2.0	1142	$2,600	$2.28	4d	1	0.37mi
4526 6th Ave N Saint Petersburg, FL	2.0	1.0	888	$1,950	$2.20	4d	1	0.44mi
4148 11th Ave N Saint Petersburg, FL	2.0	1.0	806	$2,000	$2.48	24d	1	0.61mi
5521 5th Ave N Saint Petersburg, FL	2.0	1.0	952	$1,750	$1.84	3d	1	0.62mi
4227 5th Ave N Saint Petersburg, FL	2.0	1.0	930	$2,100	$2.26	4d	1	0.64mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	7d	1	0.65mi
4136 13th Ave N Saint Petersburg, FL	3.0	2.0	1154	$2,600	$2.25	11d	1	0.65mi
5050 2nd Ave N Saint Petersburg, FL	2.0	1.0	816	$1,495	$1.83	3d	1	0.67mi
5545 3rd Ave N Saint Petersburg, FL	2.0	1.0	962	$2,400	$2.49	3d	1	0.74mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	24d	1	0.74mi
1803 42nd Way N Saint Petersburg, FL	2.0	2.0	1421	$4,200	$2.96	24d	1	0.75mi
441 57th St N Saint Petersburg, FL	2.0	1.0	1160	$1,950	$1.68	2d	1	0.75mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$1,598	$1.35	4d	12	0.78mi
3901 5th Ave N Unit 3901 5th D St. Petersburg, FL	2.0	1.0	825	$1,595	$1.93	7d	1	0.87mi
5034 2nd Ave S Unit A St. Petersburg, FL	2.0	1.0	1062	$1,950	$1.84	4d	1	0.91mi
4218 24th Ave N Saint Petersburg, FL	2.0	1.0	1121	$1,925	$1.72	4d	1	0.93mi
5055 3rd Ave S Saint Petersburg, FL	3.0	2.0	1254	$2,100	$1.67	3d	1	0.94mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,899	$2.45	7d	3	0.95mi
3700 9th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	755	$2,025	$2.68	1d	3	0.98mi
5762 2nd Ave N Saint Petersburg, FL	2.0	1.0	843	$2,000	$2.37	3d	1	0.98mi
1200 37th St N #409 Saint Petersburg, FL	2.0	2.0	827	$1,695	$2.05	4d	1	0.99mi
5919 4th Ave N Saint Petersburg, FL	2.0	1.0	1053	$2,650	$2.52	3d	1	1.01mi
5860 22nd Ave N Apt 5 St. Petersburg, FL	2.0	1.0	800	$1,300	$1.62	24d	1	1.01mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	3d	1	1.03mi
5900 22nd Ave N Unit 1 St. Petersburg, FL	3.0	2.0	1100	$1,999	$1.82	17d	1	1.04mi
5900 22nd Ave N Saint Petersburg, FL	3.0	1.0	1100	$1,950	$1.77	4d	1	1.04mi
5900 22nd Ave N Unit 14 St. Petersburg, FL	2.0	1.0	1000	$1,650	$1.65	14d	1	1.04mi
3844 Burlington Ave N Saint Petersburg, FL	2.0	1.0	828	$1,895	$2.29	19d	1	1.05mi
3750 4th Ave N Saint Petersburg, FL	2.0	1.0	881	$2,100	$2.38	24d	1	1.06mi
450 47th St S Saint Petersburg, FL	3.0	1.0	960	$2,950	$3.07	3d	1	1.07mi
3823 2nd Ave N Saint Petersburg, FL	2.0	1.0	944	$2,300	$2.44	3d	1	1.08mi
4948 5th Ave S Saint Petersburg, FL	3.0	1.5	1379	$2,450	$1.78	3d	1	1.09mi
3601 6th Ave N Saint Petersburg, FL	2.0	2.0	808	$2,400	$2.97	4d	1	1.10mi
1108 Winchester Rd N St Petersburg, FL	3.0	1.0	1011	$1,800	$1.78	20d	1	1.10mi
5156 5th Ave S Saint Petersburg, FL	3.0	1.0	1139	$1,995	$1.75	24d	1	1.11mi

HOA detail condo

• Monthly dues: $847 · $10,164/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 32 events

1. 2026-06-18
   days on market $135,000 Active 132 DOM
2. 2026-06-17
   days on market $135,000 Active 131 DOM
3. 2026-06-16
   days on market $135,000 Active 130 DOM
4. 2026-06-15
   days on market $135,000 Active 129 DOM
5. 2026-06-13
   days on market $135,000 Active 127 DOM
6. 2026-06-09
   days on market $135,000 Active 123 DOM
7. 2026-06-08
   days on market $135,000 Active 122 DOM
8. 2026-06-07
   days on market $135,000 Active 121 DOM
9. 2026-06-04
   days on market $135,000 Active 118 DOM
10. 2026-06-03
    days on market $135,000 Active 117 DOM
11. 2026-06-01
    days on market $135,000 Active 115 DOM
12. 2026-05-31
    days on market $135,000 Active 114 DOM
13. 2026-03-13
    price $135,000
14. 2026-02-06
    listed $139,999 Active
15. 2024-06-19
    listed $215,000 Active
16. 2024-04-27
    historical
17. 2024-04-23
    price $214,900
18. 2024-04-14
    status Active
19. 2024-04-14
    price $219,900
20. 2024-02-26
    price $224,000
21. 2023-10-27
    listed $229,999 Active
22. 2023-10-15
    historical
23. 2023-09-07
    price $220,000
24. 2023-08-17
    listed $230,000 Active
25. 2023-07-30
    historical
26. 2023-03-28
    listed $230,000 Active
27. 2016-12-27
    soldstatus $25,000
28. 2011-07-07
    soldstatus $38,500
29. 2011-06-29
    soldstatus $38,500
30. 2011-06-01
    listed $44,900
31. 2002-08-09
    soldstatus $46,800
32. 2000-07-13
    soldstatus $30,000

ⓘ 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: $2,046 · $171/mo
• Projected year-2 tax: $2,046 · $171/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 5 d/yr ≥106°F today · 18 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: $25,518
• − Mortgage interest: −$7,562
• − Property taxes: −$2,046
• − Insurance: −$675
• − Repairs & maintenance: −$2,041
• − Management: −$2,041
• − HOA: −$10,164
• − Depreciation: −$3,927
• Taxable loss: −$2,939
• Est. tax savings @ 24.0%: +$705
• After-tax cash flow: $-516/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): 33,796
• Household income: $78,611
• Rent vs Own: 18.1% rent · 81.9% own
• Severe rent burden: 542.0

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 (77%)
• Race & ethnicity: White 77% Two or more races 10% Hispanic / Latino 9% Asian 5% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 85% English-only · Spanish 7% Other Indo-European 2% 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: ▼ -547.31%
• Current HPI: 405.0731
• Rent YoY: ▼ -0.48%
• 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

+350.0% since first listed

20 events — show timeline

• 2026-03-13 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-06 Listed $139,999 Stellar MLS as Distributed by MLS Grid
• 2024-06-19 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-04-23 Price Changed $214,900 Stellar MLS as Distributed by MLS Grid
• 2024-04-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-04-14 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2024-02-26 Price Changed $224,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-27 Listed $229,999 Stellar MLS as Distributed by MLS Grid
• 2023-10-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-09-07 Price Changed $220,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-17 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-03-28 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2016-12-27 Sold (Public Records) $25,000 Public Records
• 2011-07-07 Sold (Public Records) $38,500 Public Records
• 2011-06-29 Sold (MLS) $38,500 Stellar MLS as Distributed by MLS Grid
• 2011-06-01 Listed $44,900 Stellar MLS as Distributed by MLS Grid
• 2002-08-09 Sold (Public Records) $46,800 Public Records
• 2000-07-13 Sold (Public Records) $30,000 Public Records

Property tax history

+9.4%/yr

Latest (2025): $2,046 · +6.5% YoY. Source: county tax records.