4533 4th Ave · St. Augustine, FL 32095

$175,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 38 Days on market

Built 1983 9,147 sqft lot Est $205k · 15% under

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Why this score? — see what drove the B- 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 +25.8/30.0
• ARV discount +14.1/15.0
• DSCR +8.6/10.0
• Schools +6.4/10.0
• 1% rule +5.7/10.0
• Rent growth +2.9/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Minutes to Historic Downtown, Flagler College, Restaurants and all of the Sights! Own your own land in St. Augustine with No HOA and low traffic. This 2 Bedroom, 2 Full Bathroom home, offers a LOT of Updates & includes an air conditioned 20 x 10 workshop with full power! Additional outdoor features are a garden shed, plenty of room to Garden, a Covered Deck, a Sun Deck, and a Gated Yard for Pets. Inside Enjoy a Chefs Kitchen with Samsung 5 burner GAS Range, Kraus stainless sink, Full sized French Door Fridge, Microwave, Dishwasher and a breakfast bar. The spacious living room is bright and airy and complimented by a beautiful gas fireplace. Plus there is a new Washer/Dryer! Secure your piece of St Augustine today.

Key facts

• Fenced-in side porch
• Two large sheds
• Newer appliances

Tags

• FULLY COVERED SIDE PORCH
• FENCED-IN SIDE PORCH
• COZY PROPANE FIREPLACE
• GAS RANGE
• NEWER APPLIANCES
• TWO LARGE SHEDS

Property features AI

Finance

• Other: Located in De Leon Manor subdivision; Suburban location; Directions: US 1 to west onto Ocean Blvd to right into 4th Ave

Exterior

• Parking: Off-street parking; On-street parking
• Utilities: City water; Septic waste
• Home design: Single-family property; Ground level entry
• Construction: Aluminum and vinyl siding exterior; Tar/gravel roof (see remarks)
• Exterior features: Partial fence; Paved lot; Less than 1/4 acre lot

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: Master bedroom on first floor
• Flooring: Vinyl flooring
• Bathrooms: Two bathrooms; Master bath with tub/shower combination
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Ceiling fans; Fireplace; Skirted substructure
• Laundry & utility: Washer and dryer included; Shed on property

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $175k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 3.1% in St. Augustine — 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 B — affects rentability + tenant quality, not the cash-flow math above.
• St. Johns (rural): math 75% / reading 73% proficiency, ranked #2 of 73 in FL (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Zoned schools: Ketterlinus Elementary School (math 74% / reading 75%, grade A, #230 of 2,144 statewide, top 12%, 402 students, 46% FRL); St. Augustine High School (math 54% / reading 62%, grade C, #120 of 667 statewide, top 18%, 1,784 students, 38% FRL) — zoned schools average 42% FRL vs 20% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.8%/yr); 461 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 5,575 units permitted in St. Johns County in 2024 (584 in 5+ unit buildings).
• This rent is only 16% of the median local income ($136k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• St. Johns County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 6 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 $139k; 26% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.07% ✓
• Cap rate: 9.21%
• Cash-on-cash: 10.42%
• DSCR: 1.46
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $205,056
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4541 De Leon Pl	0.11mi	3/2.0 (+1)	984 (-15%)	19mo	$175,000	$178	50

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 · 1.77% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-7,808
• Equity at exit: $26,093

10-year hold

• IRR: 4.0%
• Equity multiple: 1.27×
• Total profit: $13,375
• Equity at exit: $15,131

Cash invested: $49,000 (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 32095

• Home prices YoY: -18.4%
• Rents YoY: 1.8%
• Active inventory: 461
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,870 high
• Mortgage (P&I): −$918
• Tax from tax record: −$61 /mo · $737/yr
• Insurance: −$73
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $359

Break-even live

Break-even rent $1,416

Max offer price $175,000

Occupancy floor 76%

Sensitivity live

Price	-10% $458	-5% $409	+0% $359	+5% $309	+10% $260
Rent	-10% $211	-5% $285	+0% $359	+5% $433	+10% $507
Rate	-1.0pp $447	-0.5pp $403	base $359	+0.5pp $314	+1.0pp $267

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4653 6th Ave Saint Augustine, FL	3.0	2.0	1242	$2,000	$1.61	24d	1	0.37mi
100 Lasa Dr Saint Augustine, FL	1.0–3.0	1.0–2.0	1013	$1,704	$1.68	3d	46	1.01mi
119 Plantation Point Dr St. Augustine, FL	3.0	2.0	1186	$1,795	$1.51	24d	1	1.05mi
119 Plantation Point Dr St. Augustine, FL	3.0	2.0	1186	$1,795	$1.51	22d	1	1.05mi
127 Plantation Point Dr St. Augustine, FL	3.0	2.0	1186	$1,825	$1.54	22d	1	1.07mi
725 Flagler Crossing Dr Saint Augustine, FL	1.0–3.0	1.0–2.0	1002	$1,774	$1.77	4d	37	1.27mi
106 Whispering Brook Dr Saint Augustine, FL	2.0	2.5	1109	$1,800	$1.62	24d	1	1.31mi
106 Red House Cir Saint Augustine, FL	2.0	2.0	1109	$1,650	$1.49	24d	1	1.34mi
98 Red House Cir Saint Augustine, FL	2.0	2.5	1109	$1,600	$1.44	18d	1	1.35mi
98 Red House Cir Saint Augustine, FL	2.0	2.5	1109	$1,600	$1.44	24d	1	1.35mi
48 Red House Cir Saint Augustine, FL	3.0	2.5	1337	$1,800	$1.35	24d	1	1.35mi
79 Red House Cir Saint Augustine, FL	2.0	2.5	1109	$1,695	$1.53	21d	1	1.38mi
197 Whispering Brook Dr Saint Augustine, FL	2.0	2.5	1109	$1,900	$1.71	24d	1	1.38mi

Listing history 23 events

1. 2026-05-18
   status Pending
2. 2026-05-15
   historical Contingent- Accepting Backups
3. 2026-04-10
   listed $175,000 Active
4. 2026-03-23
   historical 727-char remark

   Show marketing remark (727 chars)

   Minutes to Historic Downtown, Flagler College, Restaurants and all of the Sights! Own your own land in St. Augustine with No HOA and low traffic. This 2 Bedroom, 2 Full Bathroom home, offers a LOT of Updates & includes an air conditioned 20 x 10 workshop with full power! Additional outdoor features are a garden shed, plenty of room to Garden, a Covered Deck, a Sun Deck, and a Gated Yard for Pets. Inside Enjoy a Chefs Kitchen with Samsung 5 burner GAS Range, Kraus stainless sink, Full sized French Door Fridge, Microwave, Dishwasher and a breakfast bar. The spacious living room is bright and airy and complimented by a beautiful gas fireplace. Plus there is a new Washer/Dryer! Secure your piece of St Augustine today.

5. 2026-01-24
   price $200,000 727-char remark

   Show marketing remark (727 chars)

   Minutes to Historic Downtown, Flagler College, Restaurants and all of the Sights! Own your own land in St. Augustine with No HOA and low traffic. This 2 Bedroom, 2 Full Bathroom home, offers a LOT of Updates & includes an air conditioned 20 x 10 workshop with full power! Additional outdoor features are a garden shed, plenty of room to Garden, a Covered Deck, a Sun Deck, and a Gated Yard for Pets. Inside Enjoy a Chefs Kitchen with Samsung 5 burner GAS Range, Kraus stainless sink, Full sized French Door Fridge, Microwave, Dishwasher and a breakfast bar. The spacious living room is bright and airy and complimented by a beautiful gas fireplace. Plus there is a new Washer/Dryer! Secure your piece of St Augustine today.

6. 2025-12-09
   price $210,000 727-char remark

   Show marketing remark (727 chars)

   Minutes to Historic Downtown, Flagler College, Restaurants and all of the Sights! Own your own land in St. Augustine with No HOA and low traffic. This 2 Bedroom, 2 Full Bathroom home, offers a LOT of Updates & includes an air conditioned 20 x 10 workshop with full power! Additional outdoor features are a garden shed, plenty of room to Garden, a Covered Deck, a Sun Deck, and a Gated Yard for Pets. Inside Enjoy a Chefs Kitchen with Samsung 5 burner GAS Range, Kraus stainless sink, Full sized French Door Fridge, Microwave, Dishwasher and a breakfast bar. The spacious living room is bright and airy and complimented by a beautiful gas fireplace. Plus there is a new Washer/Dryer! Secure your piece of St Augustine today.

7. 2025-10-10
   listed $218,000 Active 727-char remark

   Show marketing remark (727 chars)

   Minutes to Historic Downtown, Flagler College, Restaurants and all of the Sights! Own your own land in St. Augustine with No HOA and low traffic. This 2 Bedroom, 2 Full Bathroom home, offers a LOT of Updates & includes an air conditioned 20 x 10 workshop with full power! Additional outdoor features are a garden shed, plenty of room to Garden, a Covered Deck, a Sun Deck, and a Gated Yard for Pets. Inside Enjoy a Chefs Kitchen with Samsung 5 burner GAS Range, Kraus stainless sink, Full sized French Door Fridge, Microwave, Dishwasher and a breakfast bar. The spacious living room is bright and airy and complimented by a beautiful gas fireplace. Plus there is a new Washer/Dryer! Secure your piece of St Augustine today.

8. 2025-07-28
   price $199,000
9. 2025-06-20
   price $215,000
10. 2025-04-02
    price $219,000
11. 2025-02-19
    historical
12. 2025-02-05
    price $239,000
13. 2025-01-28
    status Active
14. 2025-01-16
    listed $245,000 Active
15. 2025-01-16
    historical
16. 2021-07-28
    soldstatus $139,000 Closed
17. 2021-07-28
    soldstatus $139,000
18. 2021-07-26
    historical Contingent
19. 2021-07-26
    status Active
20. 2021-07-01
    historical Contingent
21. 2021-06-18
    listed $139,000 Active
22. 2005-01-31
    soldstatus $80,000
23. 1996-10-01
    soldstatus $24,000

ⓘ 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: $737 · $61/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$715/yr (+$60/mo · 97.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,443
• − Mortgage interest: −$9,803
• − Property taxes: −$737
• − Insurance: −$1,672
• − Repairs & maintenance: −$1,795
• − Management: −$1,795
• − Depreciation: −$5,091
• Taxable income: $1,549
• Est. tax owed @ 24.0%: −$372
• After-tax cash flow: $3,936/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: St. Johns
• NCES district ID: 1201740
• Math proficiency: 75% ▼ -5.00%
• Reading proficiency: 73% ▼ -2.00%
• Median HH income: $66,842
• Composite: 64.31/100
• National rank: #556
• State rank: #2 of 73 in FL

Livability — St. Augustine

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Saint Johns County · 301,599 people
• Metro: Jacksonville, FL
• Population (ZIP): 21,399
• Household income: $136,038
• Rent vs Own: 8.0% rent · 92.0% own
• Severe rent burden: 101.0

Population outlook (St. Johns County) Hauer SSP2

• Today (2025): 303,941 people
• By 2030: 342,590 · +12.7%
• By 2040: 417,328 · +37.3%
• By 2050: 487,011 · +60.2%
• By 2075: 635,395 · +109.1%
• By 2100: 717,469 · +136.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Asian 6% Two or more races 5% Black 4%
• Hispanic origin (detail): Mexican 1% Cuban 3% Dominican 2%
• Common ancestry: Romanian 4% Lithuanian 4% Slovak 3%
• Foreign-born: 12% · Canada, Jamaica, China
• Languages at home: 85% English-only · Spanish 9% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · St. Johns

• 2024 margin: Solid R (+31.4) · D 33.9% · R 65.2%
• 2008→2024 swing: +0.2pp no change · 2008: -31.6pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+26.7 2016: R+33.4 2012: R+37.8 2008: R+31.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.44%
• Current HPI: 246.0743
• Rent YoY: ▲ 1.77%
• Metro: Jacksonville, 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

+629.2% since first listed

23 events — show timeline

• 2026-05-18 Pending — St. Augustine and St. Johns County Board of REALTORS®
• 2026-05-15 Contingent — St. Augustine and St. Johns County Board of REALTORS®
• 2026-04-10 Listed $175,000 St. Augustine and St. Johns County Board of REALTORS®
• 2026-03-23 Listing Removed — realMLS
• 2026-01-24 Price Changed $200,000 realMLS
• 2025-12-09 Price Changed $210,000 realMLS
• 2025-10-10 Listed $218,000 realMLS
• 2025-07-28 Price Changed $199,000 St. Augustine and St. Johns County Board of REALTORS®
• 2025-06-20 Price Changed $215,000 St. Augustine and St. Johns County Board of REALTORS®
• 2025-04-02 Price Changed $219,000 St. Augustine and St. Johns County Board of REALTORS®
• 2025-02-19 Listing Removed — realMLS
• 2025-02-05 Price Changed $239,000 realMLS
• 2025-01-28 Relisted — realMLS
• 2025-01-16 Listed $245,000 realMLS
• 2025-01-16 Listing Removed — realMLS
• 2021-07-28 Sold (Public Records) $139,000 Public Records
• 2021-07-28 Sold (MLS) $139,000 St. Augustine and St. Johns County Board of REALTORS®
• 2021-07-26 Contingent — St. Augustine and St. Johns County Board of REALTORS®
• 2021-07-26 Relisted — St. Augustine and St. Johns County Board of REALTORS®
• 2021-07-01 Contingent — St. Augustine and St. Johns County Board of REALTORS®
• 2021-06-18 Listed $139,000 St. Augustine and St. Johns County Board of REALTORS®
• 2005-01-31 Sold (Public Records) $80,000 Public Records
• 1996-10-01 Sold (Public Records) $24,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $737 · +26.6% YoY. Source: county tax records.