4666 Helena St NE · St. Petersburg, FL 33703

$225,000

2 bd · 1.0 ba · 984 sqft · SingleFamily public records · 556 Days on market

Built 1952 7,083 sqft lot Est $232k · at est.

---

Why this score? — see what drove the C 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 +22.8/30.0
• ARV discount +8.9/15.0
• DSCR +7.3/10.0
• 1% rule +4.6/10.0
• Schools +4.3/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

Key facts

• 7,083 sq ft lot
• Garage
• Built 1952

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-35 ($-424/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (2.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $216k (4.1% below list).
• Recommended offer: $198k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% 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 C — 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 rising (+2.2%/yr); 451 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 556 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $75k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $225k implies a 350% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,000 (12.0% 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 556 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 8.38%
• Cash-on-cash: 7.45%
• DSCR: 1.33
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $232,224
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1758 Michigan Ave NE	0.14mi	3/1.5 (+1)	945 (-4%)	3mo	$165,000	$175	77
1782 Michigan Ave NE	0.14mi	3/1.0 (+1)	945 (-4%)	7mo	$156,500	$166	76
4531 Shore Acres Blvd NE	0.41mi	2/1.0	900 (-8%)	1mo	$255,000	$283	66
1883 Michigan Ave NE	0.21mi	3/1.0 (+1)	1,055 (+7%)	14mo	$150,000	$142	61
4210 Huntington St NE	0.33mi	2/1.0	1,078 (+10%)	12mo	$180,000	$167	59
4234 Harrisburg St NE	0.34mi	3/2.0 (+1)	1,079 (+10%)	2mo	$335,000	$310	58
4501 Helena St NE	0.15mi	3/2.0 (+1)	1,125 (+14%)	5mo	$265,000	$236	56
1834 Nevada Ave NE	0.39mi	2/2.0	1,091 (+11%)	7mo	$178,000	$163	54
1835 Michigan Ave NE	0.18mi	3/2.0 (+1)	1,120 (+14%)	11mo	$360,000	$321	50
4146 Des Moines St NE	0.42mi	3/2.0 (+1)	1,127 (+14%)	0mo	$399,900	$355	47
1811 New Hampshire Ave NE	0.37mi	3/2.0 (+1)	1,125 (+14%)	6mo	$200,000	$178	45
3727 Overlook Dr NE	0.63mi	3/2.0 (+1)	1,124 (+14%)	15mo	$310,000	$276	25

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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -18.3%
• Equity multiple: 0.36×
• Total profit: $-40,265
• Equity at exit: $33,548

10-year hold

• IRR: -12.3%
• Equity multiple: 0.30×
• Total profit: $-44,237
• Equity at exit: $19,454

Cash invested: $63,000 (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 33703

• Rents YoY: 2.2%
• Active inventory: 451
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,158 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$40 /mo · $482/yr
• Insurance: −$94
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $-35

Break-even live

Break-even rent $2,203

Max offer price $218,761

Occupancy floor 97%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1860 Massachusetts Ave NE #311 Saint Petersburg, FL	1.0	1.0	610	$1,450	$2.38	4d	1	0.08mi
4560 Overlook Dr NE #167 Saint Petersburg, FL	2.0	1.5	1015	$2,050	$2.02	24d	1	0.16mi
4580 Overlook Dr NE #187 Saint Petersburg, FL	1.0	1.0	750	$1,775	$2.37	17d	1	0.18mi
1867 Michigan Ave NE Saint Petersburg, FL	2.0	1.0	1044	$2,349	$2.25	4d	1	0.18mi
4570 Overlook Dr NE #284 Saint Petersburg, FL	1.0	1.0	815	$1,450	$1.78	17d	1	0.19mi
1885 Shore Acres Blvd NE Saint Petersburg, FL	3.0	2.0	1040	$2,498	$2.40	14d	1	0.33mi
4011 Helena St NE St Petersburg, FL	3.0	1.5	1005	$2,500	$2.49	24d	1	0.45mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	24d	1	0.65mi
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	4d	1	0.66mi
3600 Alabama Ave NE Saint Petersburg, FL	2.0	1.0	943	$2,700	$2.86	24d	1	0.74mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,299	$2.50	3d	26	0.97mi

Listing history 22 events

1. 2026-06-18
   days on market $225,000 Active 556 DOM
2. 2026-06-17
   days on market $225,000 Active 555 DOM
3. 2026-06-16
   days on market $225,000 Active 554 DOM
4. 2026-06-15
   days on market $225,000 Active 553 DOM
5. 2026-06-13
   days on market $225,000 Active 551 DOM
6. 2026-06-09
   days on market $225,000 Active 547 DOM
7. 2026-06-08
   days on market $225,000 Active 546 DOM
8. 2026-06-07
   days on market $225,000 Active 545 DOM
9. 2026-06-04
   days on market $225,000 Active 542 DOM
10. 2026-06-03
    days on market $225,000 Active 541 DOM
11. 2026-06-01
    days on market $225,000 Active 539 DOM
12. 2026-05-31
    days on market $225,000 Active 538 DOM
13. 2025-08-04
    historical
14. 2025-06-16
    price $225,000

    Show marketing remark (491 chars)

    Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

15. 2025-06-16
    price $225,000 491-char remark

    Show marketing remark (491 chars)

    Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

16. 2025-05-01
    price $260,000 491-char remark

    Show marketing remark (491 chars)

    Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

17. 2025-05-01
    price $260,000

    Show marketing remark (491 chars)

    Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

18. 2025-03-19
    price $279,999 491-char remark

    Show marketing remark (491 chars)

    Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

19. 2025-03-19
    price $279,999

    Show marketing remark (491 chars)

    Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

20. 2024-12-09
    listed $299,999 Active 491-char remark

    Show marketing remark (491 chars)

    Value is in the LAND! This home was impacted by Hurricane Helene. This is a prime CORNER LOT location and an excellent opportunity to rebuild high and dry in the coveted neighborhood of Venetian Isles in St. Petersburg, Florida! The lot is just shy of 7100 sqft lot. Dimensions are 135 x 75 x 125 x 40. Be within steps of Tampa Bay and 5 minutes from Downtown St. Pete! 20 minutes from St. Pete/Clearwater Airport, 30 minutes from Tampa International Airport. 30 minutes from St. Pete Beach!

21. 2024-12-03
    listed $299,999 Active
22. 1985-08-01
    soldstatus $50,000

ⓘ 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: $482 · $40/mo
• Projected year-2 tax: $1,868 · $156/mo
• Expected delta: +$1,386/yr (+$115/mo · 287.6%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 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: $25,900
• − Mortgage interest: −$12,603
• − Property taxes: −$482
• − Insurance: −$6,244
• − Repairs & maintenance: −$2,072
• − Management: −$2,072
• − Depreciation: −$6,545
• Taxable loss: −$4,119
• Est. tax savings @ 24.0%: +$988
• After-tax cash flow: $565/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): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% Other Indo-European 1%

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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

10 events — show timeline

• 2025-08-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-16 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-16 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-01 Price Changed $260,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-01 Price Changed $260,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-19 Price Changed $279,999 Stellar MLS as Distributed by MLS Grid
• 2025-03-19 Price Changed $279,999 Stellar MLS as Distributed by MLS Grid
• 2024-12-09 Listed $299,999 Stellar MLS as Distributed by MLS Grid
• 2024-12-03 Listed $299,999 Stellar MLS as Distributed by MLS Grid
• 1985-08-01 Sold (Public Records) $50,000 Public Records

Property tax history

-9.0%/yr

Latest (2025): $482 · -21.7% YoY. Source: county tax records.