5924 5th Ave N #3 · St. Petersburg, FL 33710

$79,900

2 bd · 1.0 ba · 890 sqft · Condo public records · 6 Days on market

Built 1965 $671/mo HOA · 35% of rent

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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 +29.4/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Welcome to a charming and affordable 2-bedroom, 1-bath first-floor unit offering 890 square feet of comfortable living space. This well-maintained residence features a spacious living room perfect for relaxing or entertaining, along with a functional layout designed for easy everyday living. Enjoy the convenience and value of an HOA that includes Cable TV, Water, Sewer, and Trash services. Ideally situated with easy access to shopping, dining, parks, and local amenities, this property is perfect for year-round residents, seasonal owners, or investors. Don't miss this opportunity to own a move-in-ready home in a convenient St. Petersburg location!

Key facts

• $671 HOA
• Built 1965
• Listed 6 days

Property features AI

Finance

• Other: Unfurnished; Home warranty included
• Financial info: Total monthly fees: $518; Total annual fees: $6,216; Lease restrictions apply
• HOA & community: Monthly condo fee: $518 (includes cable TV, grounds maintenance, sewer, trash, water); Association approval required; Buyer approval required; Vehicle restrictions; Pets allowed: cats OK; pet number limit; max pet weight 10 lbs

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Cable available; Electricity available
• Home design: Condominium; One story; Faces north; Entry on first floor
• Construction: Block and stucco construction; Built-up roof; Slab foundation; Built in (year not provided)
• Exterior features: Covered front porch; Sidewalk

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open floor plan; Solid surface counters; Solid wood cabinets
• Laundry & utility: Common area laundry; Other laundry facilities

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Cap rate 10.6% 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 B — 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.
• Zoned schools: Azalea Elementary School (math 57% / reading 52%, grade C, #892 of 2,144 statewide, top 44%, 507 students, 60% FRL); Azalea Middle School (math 26% / reading 27%, grade F, #503 of 571 statewide, top 88%, 678 students, 74% FRL); Boca Ciega High School (math 24% / reading 33%, grade F, #458 of 667 statewide, top 69%, 1,423 students, 64% 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 36% 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 (-0.5%/yr); 320 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d 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 $552 of loan paydown is wiped out by about $2k 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 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $15k; list at $80k implies a 433% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 35% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,900

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 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: 2.39% ✓
• Cap rate: 10.55%
• Cash-on-cash: 15.22%
• DSCR: 1.68
• GRM: 3.5

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: -0.0%
• Equity multiple: 1.00×
• Total profit: $-27
• Equity at exit: $11,913

10-year hold

• IRR: 2.8%
• Equity multiple: 1.15×
• Total profit: $3,433
• Equity at exit: $6,908

Cash invested: $22,372 (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: 320
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,907 high
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$671
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $284

Break-even live

Break-even rent $1,548

Max offer price $79,900

Occupancy floor 80%

Sensitivity live

Price	-10% $339	-5% $311	+0% $284	+5% $256	+10% $228
Rent	-10% $133	-5% $208	+0% $284	+5% $359	+10% $434
Rate	-1.0pp $324	-0.5pp $304	base $284	+0.5pp $263	+1.0pp $242

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5919 4th Ave N Saint Petersburg, FL	2.0	1.0	1053	$2,650	$2.52	5d	1	0.09mi
810 Tyrone Blvd N Unit G-2 St. Petersburg, FL	1.0	1.0	600	$1,195	$1.99	26d	1	0.22mi
5821 8th Ave N Unit 203 St. Petersburg, FL	1.0	1.0	635	$1,195	$1.88	26d	1	0.25mi
5762 2nd Ave N Saint Petersburg, FL	2.0	1.0	843	$2,000	$2.37	5d	1	0.36mi
5521 5th Ave N Saint Petersburg, FL	2.0	1.0	658	$1,750	$2.66	0d	1	0.39mi
5545 3rd Ave N Saint Petersburg, FL	2.0	1.0	962	$2,400	$2.49	5d	1	0.40mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	9d	1	0.42mi
1108 Winchester Rd N St Petersburg, FL	3.0	1.0	1011	$1,800	$1.78	22d	1	0.46mi
5434 9th Ave N Unit A St. Petersburg, FL	1.0	1.0	576	$1,400	$2.43	26d	1	0.53mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	26d	1	0.53mi
5330 11th Ave N Saint Petersburg, FL	2.0	1.0	756	$1,800	$2.38	6d	1	0.67mi
6256 3rd Ave S Saint Petersburg, FL	1.0	1.0	600	$1,749	$2.92	26d	1	0.74mi
6221 5th Ave S Saint Petersburg, FL	3.0	2.0	924	$2,050	$2.22	5d	1	0.80mi
630 50th St N Saint Petersburg, FL	2.0	1.0	1085	$2,070	$1.91	26d	1	0.83mi
5050 2nd Ave N Saint Petersburg, FL	2.0	1.0	816	$1,495	$1.83	5d	1	0.85mi
555 62nd St S Unit 102 St. Petersburg, FL	1.0	1.0	640	$1,300	$2.03	15d	1	0.85mi
555 62nd St S Unit 110 St. Petersburg, FL	2.0	2.0	960	$1,735	$1.81	15d	1	0.85mi
555 62nd St S Unit 103 St. Petersburg, FL	1.0	1.0	640	$1,375	$2.15	26d	1	0.85mi
641 Folsom St S Saint Petersburg, FL	2.0	1.0	852	$2,250	$2.64	23d	1	0.87mi
5991 Fairfield Ave S Unit 4 St. Petersburg, FL	1.0	1.0	690	$1,700	$2.46	0d	1	0.87mi
6262 Emerson Ave S Saint Petersburg, FL	2.0	2.0	960	$1,500	$1.56	16d	1	0.90mi
5535 18th Ave N Saint Petersburg, FL	2.0	1.5	961	$1,975	$2.06	0d	1	0.91mi
5034 2nd Ave S Unit A St. Petersburg, FL	2.0	1.0	1062	$1,950	$1.84	6d	1	0.97mi
2176 Winchester Rd N #2 Saint Petersburg, FL	3.0	2.0	1080	$2,250	$2.08	16d	1	0.99mi
5900 22nd Ave N Unit 1 St. Petersburg, FL	3.0	2.0	1100	$1,999	$1.82	19d	1	0.99mi
5900 22nd Ave N Saint Petersburg, FL	3.0	1.0	1100	$1,950	$1.77	6d	1	0.99mi
5900 22nd Ave N Unit 14 St. Petersburg, FL	2.0	1.0	1000	$1,650	$1.65	16d	1	0.99mi
5860 22nd Ave N Apt 5 St. Petersburg, FL	2.0	1.0	800	$1,300	$1.62	26d	1	1.00mi
6080 22nd Ave N #3 Saint Petersburg, FL	2.0	2.0	900	$1,825	$2.03	6d	1	1.00mi
6080 22nd Ave N #3 Saint Petersburg, FL	2.0	2.0	890	$1,825	$2.05	26d	1	1.00mi
6080 22nd Ave N #5 Saint Petersburg, FL	2.0	2.0	890	$1,725	$1.94	26d	1	1.00mi
6565 5th Ave S Saint Petersburg, FL	1.0–2.0	1.0–2.0	730	$1,895	$2.60	26d	1	1.01mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,899	$2.45	0d	2	1.02mi
118 48th St N Unit A St. Petersburg, FL	2.0	1.0	680	$1,800	$2.65	26d	1	1.05mi
6366 Hampton Dr N Saint Petersburg, FL	3.0	1.0	924	$1,995	$2.16	6d	1	1.06mi
4942 Oxford Ave N Saint Petersburg, FL	2.0	1.0	776	$1,700	$2.19	26d	1	1.08mi
6700 1st Ave S #211 Saint Petersburg, FL	2.0	1.0	755	$1,575	$2.09	26d	1	1.13mi
5011 Emerson Ave S Saint Petersburg, FL	1.0	1.0	600	$1,450	$2.42	26d	1	1.13mi
6113 10th Ave S Gulfport, FL	2.0	1.0	1108	$3,100	$2.80	0d	1	1.17mi
4526 6th Ave N Saint Petersburg, FL	2.0	1.0	888	$1,950	$2.20	6d	1	1.25mi

HOA detail condo

• Monthly dues: $671 · $8,052/yr
• Likely covers: watersewertrashcable
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 7 events

1. 2026-06-18
   remarks 694-char remark
2. 2026-06-18
   status $79,900 Pending 6 DOM
3. 2026-06-17
   days on market $79,900 Active 6 DOM
4. 2026-06-16
   days on market $79,900 Active 5 DOM
5. 2026-06-15
   days on market $79,900 Active 4 DOM
6. 2026-06-13
   remarks 654-char remark
7. 2026-06-13
   listed $79,900 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 25 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: $22,889
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$1,831
• − Management: −$1,831
• − HOA: −$8,052
• − Depreciation: −$2,324
• Taxable income: $2,777
• Est. tax owed @ 24.0%: −$666
• After-tax cash flow: $2,738/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

+432.7% since first listed

2 events — show timeline

• 2026-06-11 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 1984-06-01 Sold (Public Records) $15,000 Public Records

Property tax history

-32.3%/yr

Latest (2022): $10 · -98.0% YoY. Source: county tax records.