2312 32nd Ave N · St. Petersburg, FL 33713

$320,000

4 bd · 2.0 ba · 1,630 sqft · SingleFamily public records · 4 Days on market

Built 1972 8,041 sqft lot Est $450k · 29% 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 +13.2/30.0
• 1% rule +4.5/10.0
• Schools +4.3/10.0
• DSCR +4.0/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2143 total sq. feet. 4 bedroom, 2 bath with inside laundry room plus bonus room. Newer windows, newer roof (2014), AC 2011. Not in a flood zone. Minutes from Downtown St Pete and Beaches. Home has a large, fenced backyard with 2 sheds.

Key facts

• Quiet street
• Excellent privacy
• Quick access to i275

Tags

• LARGE FENCED-IN BACKYARD
• DETACHED STORAGE
• MULTIPLE LIVING ROOMS
• QUIET STREET
• EXCELLENT PRIVACY
• QUICK ACCESS TO I275

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $-4 ($-43/yr) — negative.
• To cash-flow at today's rent, offer at most $319k (0.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $303k (5.2% below list).
• Recommended offer: $303k (5.2% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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 flat; 307 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,035/mo this rent would consume 49% of the median local household income ($75k/yr) (locally 1076% 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 $2k of loan paydown is wiped out by about $10k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 5y 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 $260k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $303,451 (5.2% 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. Built in 1972 — 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: 0.95% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.05%
• DSCR: 1.00
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $449,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2312 32nd Ave N	0.00mi	4/2.0	1,630 (0%)	1mo	$360,000	$221	99
3120 20th St N	0.26mi	3/1.5 (-1)	1,562 (-4%)	3mo	$425,000	$272	72
2451 38th Ave N	0.43mi	4/2.0	1,650 (+1%)	14mo	$375,000	$227	66
2559 36th Ave N	0.37mi	3/1.5 (-1)	1,575 (-3%)	8mo	$446,000	$283	63
2508 42nd Ave N	0.66mi	4/2.0	1,718 (+5%)	8mo	$395,000	$230	53
1834 28th Ave N	0.42mi	3/2.0 (-1)	1,488 (-9%)	10mo	$410,300	$276	52
1678 27th Ave N	0.58mi	3/2.0 (-1)	1,540 (-6%)	10mo	$432,000	$281	50
2869 36th Ave N	0.60mi	4/2.0	1,504 (-8%)	12mo	$385,000	$256	49
2326 28th St N	0.67mi	3/1.0 (-1)	1,584 (-3%)	8mo	$435,000	$275	48
4175 20th St N	0.68mi	4/2.0	1,521 (-7%)	12mo	$700,000	$460	47
2156 43rd Ter N	0.73mi	3/2.0 (-1)	1,561 (-4%)	17mo	$550,000	$352	40
1688 26th Ave N	0.63mi	3/2.5 (-1)	1,780 (+9%)	13mo	$640,495	$360	38

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 · 0.67% rent growth · sell at horizon

5-year hold

• IRR: -19.2%
• Equity multiple: 0.34×
• Total profit: $-58,872
• Equity at exit: $47,713

10-year hold

• IRR: -18.1%
• Equity multiple: 0.13×
• Total profit: $-78,127
• Equity at exit: $27,668

Cash invested: $89,600 (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 33713

• Rents YoY: 0.7%
• Active inventory: 307
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $3,035 high
• Mortgage (P&I): −$1,678
• Tax from tax record: −$589 /mo · $7,073/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$637
• Net cashflow: $-4

Break-even live

Break-even rent $3,039

Max offer price $319,367

Occupancy floor 95%

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: $80,000
• Closing costs: $9,600
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3113 Union St N Saint Petersburg, FL	4.0	2.0	1156	$2,261	$1.96	4d	1	0.21mi
2820 23rd St N Saint Petersburg, FL	4.0	2.0	1615	$3,037	$1.88	17d	1	0.22mi
2700 26th St N Saint Petersburg, FL	4.0	2.0	1608	$2,250	$1.40	14d	1	0.40mi
1329 34th Ave N Saint Petersburg, FL	4.0	2.0	1252	$3,700	$2.96	24d	1	0.79mi
1685 21st Ave N Saint Petersburg, FL	3.0	2.0	1370	$2,495	$1.82	4d	1	0.84mi
1221 35th Ave N Saint Petersburg, FL	3.0	2.0	1074	$2,900	$2.70	17d	1	0.87mi
1156 37th Ave N Saint Petersburg, FL	3.0	3.0	2178	$3,600	$1.65	10d	1	0.92mi
1935 16th Ave N Saint Petersburg, FL	3.0	2.0	1254	$2,345	$1.87	4d	1	0.95mi
3411 Iris St N Saint Petersburg, FL	3.0	2.0	2000	$2,250	$1.12	24d	1	1.05mi
1645 15th St N Saint Petersburg, FL	3.0	2.0	1146	$3,500	$3.05	4d	1	1.12mi
1171 25th Ln N Saint Petersburg, FL	3.0	3.5	1990	$4,500	$2.26	3d	1	1.20mi
1162 25th Way N Saint Petersburg, FL	3.0	2.5	2205	$4,500	$2.04	7d	1	1.20mi
1444 15th St N Saint Petersburg, FL	4.0	3.0	1858	$3,500	$1.88	4d	1	1.20mi
3066 8th St N Saint Petersburg, FL	3.0	2.0	1232	$3,500	$2.84	4d	1	1.21mi
3750 28th Ave N Saint Petersburg, FL	3.0	2.0	1512	$2,830	$1.87	24d	1	1.24mi
1035 Queen St N Saint Petersburg, FL	3.0	2.0	1196	$2,895	$2.42	24d	1	1.36mi
4628 Dr Martin Luther King Jr St N Saint Petersburg, FL	3.0	2.0	1421	$2,950	$2.08	24d	1	1.43mi
919 16th Ave N Saint Petersburg, FL	3.0	2.0	1296	$3,500	$2.70	21d	1	1.44mi
5246 Neil Dr Saint Petersburg, FL	3.0	3.0	1713	$3,450	$2.01	21d	1	1.45mi
622 24th Ave N Saint Petersburg, FL	3.0	2.5	2196	$4,600	$2.09	17d	1	1.49mi
622 24th Ave N Saint Petersburg, FL	3.0	2.5	2196	$4,600	$2.09	20d	1	1.49mi

Listing history 16 events

1. 2026-04-17
   status Pending
2. 2026-04-13
   listed $320,000 Active
3. 2026-01-29
   historical $2,461
4. 2026-01-17
   price $2,461
5. 2026-01-13
   price $2,506
6. 2025-12-28
   price $2,495
7. 2025-12-12
   price $2,545
8. 2025-11-19
   price $2,595
9. 2025-10-31
   listed $2,610
10. 2022-06-18
    price $2,400
11. 2021-09-28
    soldstatus $260,400
12. 2021-09-27
    soldstatus $260,400 Closed 237-char remark

    Show marketing remark (237 chars)

    2143 total sq. feet. 4 bedroom, 2 bath with inside laundry room plus bonus room. Newer windows, newer roof (2014), AC 2011. Not in a flood zone. Minutes from Downtown St Pete and Beaches. Home has a large, fenced backyard with 2 sheds.

13. 2021-08-12
    status Pending 237-char remark

    Show marketing remark (237 chars)

    2143 total sq. feet. 4 bedroom, 2 bath with inside laundry room plus bonus room. Newer windows, newer roof (2014), AC 2011. Not in a flood zone. Minutes from Downtown St Pete and Beaches. Home has a large, fenced backyard with 2 sheds.

14. 2021-07-19
    listed $289,900 Active 237-char remark

    Show marketing remark (237 chars)

    2143 total sq. feet. 4 bedroom, 2 bath with inside laundry room plus bonus room. Newer windows, newer roof (2014), AC 2011. Not in a flood zone. Minutes from Downtown St Pete and Beaches. Home has a large, fenced backyard with 2 sheds.

15. 1992-10-01
    soldstatus $46,000
16. 1986-07-31
    soldstatus $54,500

ⓘ 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: $7,073 · $589/mo
• Projected year-2 tax: $7,073 · $589/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 · 27 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: $36,414
• − Mortgage interest: −$17,925
• − Property taxes: −$7,073
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,913
• − Management: −$2,913
• − Depreciation: −$9,309
• Taxable loss: −$5,319
• Est. tax savings @ 24.0%: +$1,277
• After-tax cash flow: $1,234/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): 31,729
• Household income: $74,707
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 1076.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 13% Two or more races 9% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 9% Other Asian/Pacific 2% Vietnamese 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: ▼ -439.69%
• Current HPI: 478.8317
• Rent YoY: ▲ 0.67%
• 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

+487.2% since first listed

16 events — show timeline

• 2026-04-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Listed $320,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Rental Removed $2,461 RENTLY
• 2026-01-17 Price Changed $2,461 RENTLY
• 2026-01-13 Price Changed $2,506 RENTLY
• 2025-12-28 Price Changed $2,495 RENTLY
• 2025-12-12 Price Changed $2,545 RENTLY
• 2025-11-19 Price Changed $2,595 RENTLY
• 2025-10-31 Listed for Rent $2,610 RENTLY
• 2022-06-18 Price Changed $2,400 RENT.
• 2021-09-28 Sold (Public Records) $260,400 Public Records
• 2021-09-27 Sold (MLS) $260,400 Stellar MLS as Distributed by MLS Grid
• 2021-08-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-07-19 Listed $289,900 Stellar MLS as Distributed by MLS Grid
• 1992-10-01 Sold (Public Records) $46,000 Public Records
• 1986-07-31 Sold (Public Records) $54,500 Public Records

Property tax history

+12.1%/yr

Latest (2025): $7,073 · +6.6% YoY. Source: county tax records.