4051 58th St N Unit 237C · Kenneth City, FL 33709

$81,999

1 bd · 1.0 ba · 562 sqft · Condo public records · 269 Days on market

Built 1962 $481/mo HOA · 33% of rent

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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 +24.8/30.0
• 1% rule +10.0/10.0
• DSCR +8.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.2/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Crisp and Clean, FURNISHED and Move in Ready! This 1 bed 1 bath condo is on second floor with courtyard view. Quiet development offers a balcony to sip coffee in the morning and gives space for sitting area. High ceilings offer make the space comfy and spacious. The kitchen is crisp and concise with ample storage and cabinet space. The range/oven and refrigerator new in 2018. Master bedroom has huge closet and ceiling fan. Bathroom has cultured marble vanity top. There is laminate flooring throughout . Newer windows and updated electric panel. Unit has newer wall/window a/c units. The utility/storage room off the hallway has additional storage WITH WASHER AND DRYER. The HOA fee includes water, sewer, basic cable, internet and trash collection. This is a very active 55-plus community. Clearview oaks has an onsite manager. Common areas offer lush garden areas including a lake with fountain. Recreation center offers activities including bingo every other week! Car washing station and common laundry facility are available. This home is centrally located to shopping, dining and recreation. Less than 15 minutes to downtown Saint Petersburg, and less than 15 minutes to Gulf Beaches!

Key facts

• Clubhouse
• Oversized balcony
• Library

Tags

• TOP FLOOR CORNER UNIT
• OVERSIZED BALCONY
• MATURE LANDSCAPING
• SHUFFLEBOARD FACILITIES
• CLUBHOUSE
• LIBRARY

Property features AI

Finance

• Other: Homestead exempt; Public records list living area approximately 562 square feet
• Financial info: Total annual association fees approximately $5,772
• HOA & community: Monthly condo/association fee of $481; Association fees include cable TV, internet, insurance, sewer, water, trash, management, maintenance (structure and grounds), common area taxes, escrow reserves fund; Association membership required; Community features: clubhouse, community mailbox, buyer approval required; Senior community; Pets allowed (cats and dogs) with max pet weight around 25 lbs

Exterior

• Parking: Guest parking available (use guest parking at entrance)
• Utilities: Public water; Public sewer; Cable connected; Electricity connected
• Home design: Condominium; Residential property; One story living area; Unit on 2nd floor; East-facing
• Construction: Block construction; Built-up roof; Slab foundation; Completed condition; Building number 2
• Exterior features: Balcony; Sidewalk; Storage

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom (located on 2nd floor of the building)
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: No central heating; Wall/window cooling unit(s)
• Interior features: Ceiling fans; Walk-in closet(s); Blinds on windows
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $82k.

Deal economics

• At list price, monthly cash flow is $173 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $82k).
• Recommended offer: $72k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 6.7% in Kenneth City — 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 83/100 on livability (#47 in FL, #874 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, amenities D.
• 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; 311 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 32% of the median local income ($54k/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 $567 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

• It's been on market 269 days — a 12% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 16y 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 $45k; list at $82k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 33% 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 $72,159 (12.0% below list)

Questions for the listing agent

1. It's been on market 269 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
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 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: 1.77% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.05%
• DSCR: 1.40
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.99% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.79×
• Total profit: $-4,866
• Equity at exit: $12,226

10-year hold

• IRR: -0.2%
• Equity multiple: 0.99×
• Total profit: $-260
• Equity at exit: $7,090

Cash invested: $22,960 (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 33709

• Rents YoY: 1.0%
• Active inventory: 311
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,448 high
• Mortgage (P&I): −$430
• Tax from tax record: −$25 /mo · $306/yr
• Insurance: −$34
• HOA: −$481
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $173

Break-even live

Break-even rent $1,229

Max offer price $81,999

Occupancy floor 83%

Sensitivity live

Price	-10% $219	-5% $196	+0% $173	+5% $150	+10% $127
Rent	-10% $59	-5% $116	+0% $173	+5% $230	+10% $287
Rate	-1.0pp $214	-0.5pp $194	base $173	+0.5pp $152	+1.0pp $130

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: $20,500
• Closing costs: $2,460
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5323 59th Cir W Kenneth City, FL	1.0–2.0	1.0	800	$1,100	$1.38	4d	4	0.81mi
5680 28th Ave N Unit 1 St. Petersburg, FL	1.0	1.0	450	$1,500	$3.33	25d	1	0.81mi
3980 64th St N Saint Petersburg, FL	1.0–2.0	1.0–2.0	707	$1,350	$1.91	4d	6	0.81mi
5255 62nd St N Kenneth City, FL	1.0–3.0	1.0–2.0	1000	$1,300	$1.30	3d	2	0.89mi
6538 42nd Ave N Unit 7 Kenneth City, FL	2.0	1.0	648	$2,000	$3.09	25d	1	0.96mi
3556 66th St N St. Petersburg, FL	1.0	1.0	610	$1,300	$2.13	15d	1	1.09mi
6522 54th Ave N Saint Petersburg, FL	1.0–3.0	1.0–2.0	892	$1,300	$1.46	3d	10	1.17mi
5701 21st Ave N Saint Petersburg, FL	1.0–2.0	1.0	775	$1,449	$1.87	8d	3	1.21mi
4701 68th St N Saint Petersburg, FL	1.0	1.0	700	$1,099	$1.57	25d	1	1.31mi
6801 48th Ave N Unit B St. Petersburg, FL	1.0	1.0	650	$1,525	$2.35	25d	1	1.36mi

HOA detail condo

• Monthly dues: $481 · $5,772/yr
• Likely covers: watersewertrashelectricinternetcable
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 47 events

1. 2026-06-18
   days on market $81,999 Active 269 DOM
2. 2026-06-17
   days on market $81,999 Active 268 DOM
3. 2026-06-16
   days on market $81,999 Active 267 DOM
4. 2026-06-15
   days on market $81,999 Active 266 DOM
5. 2026-06-13
   days on market $81,999 Active 264 DOM
6. 2026-06-09
   days on market $81,999 Active 260 DOM
7. 2026-06-08
   days on market $81,999 Active 259 DOM
8. 2026-06-07
   days on market $81,999 Active 258 DOM
9. 2026-06-04
   days on market $81,999 Active 255 DOM
10. 2026-06-03
    days on market $81,999 Active 254 DOM
11. 2026-06-01
    days on market $81,999 Active 252 DOM
12. 2026-05-31
    days on market $81,999 Active 251 DOM
13. 2026-03-18
    status Active
14. 2026-03-17
    price $81,999
15. 2026-03-16
    historical
16. 2026-01-06
    price $83,900
17. 2025-09-20
    listed $84,900 Active
18. 2023-08-21
    historical
19. 2023-07-27
    price $88,000
20. 2023-05-17
    price $89,000
21. 2023-02-08
    price $95,000
22. 2023-01-18
    price $99,000
23. 2023-01-13
    status Active
24. 2022-10-03
    price $99,900
25. 2022-09-21
    price $109,900
26. 2022-09-13
    listed $114,000 Active
27. 2019-12-05
    soldstatus $45,000
28. 2019-12-03
    soldstatus $45,000 Sold 1194-char remark

    Show marketing remark (1194 chars)

    Crisp and Clean, FURNISHED and Move in Ready! This 1 bed 1 bath condo is on second floor with courtyard view. Quiet development offers a balcony to sip coffee in the morning and gives space for sitting area. High ceilings offer make the space comfy and spacious. The kitchen is crisp and concise with ample storage and cabinet space. The range/oven and refrigerator new in 2018. Master bedroom has huge closet and ceiling fan. Bathroom has cultured marble vanity top. There is laminate flooring throughout . Newer windows and updated electric panel. Unit has newer wall/window a/c units. The utility/storage room off the hallway has additional storage WITH WASHER AND DRYER. The HOA fee includes water, sewer, basic cable, internet and trash collection. This is a very active 55-plus community. Clearview oaks has an onsite manager. Common areas offer lush garden areas including a lake with fountain. Recreation center offers activities including bingo every other week! Car washing station and common laundry facility are available. This home is centrally located to shopping, dining and recreation. Less than 15 minutes to downtown Saint Petersburg, and less than 15 minutes to Gulf Beaches!

29. 2019-11-05
    status Pending 1194-char remark

    Show marketing remark (1194 chars)

    Crisp and Clean, FURNISHED and Move in Ready! This 1 bed 1 bath condo is on second floor with courtyard view. Quiet development offers a balcony to sip coffee in the morning and gives space for sitting area. High ceilings offer make the space comfy and spacious. The kitchen is crisp and concise with ample storage and cabinet space. The range/oven and refrigerator new in 2018. Master bedroom has huge closet and ceiling fan. Bathroom has cultured marble vanity top. There is laminate flooring throughout . Newer windows and updated electric panel. Unit has newer wall/window a/c units. The utility/storage room off the hallway has additional storage WITH WASHER AND DRYER. The HOA fee includes water, sewer, basic cable, internet and trash collection. This is a very active 55-plus community. Clearview oaks has an onsite manager. Common areas offer lush garden areas including a lake with fountain. Recreation center offers activities including bingo every other week! Car washing station and common laundry facility are available. This home is centrally located to shopping, dining and recreation. Less than 15 minutes to downtown Saint Petersburg, and less than 15 minutes to Gulf Beaches!

30. 2019-11-02
    listed $48,000 Active 1194-char remark

    Show marketing remark (1194 chars)

    Crisp and Clean, FURNISHED and Move in Ready! This 1 bed 1 bath condo is on second floor with courtyard view. Quiet development offers a balcony to sip coffee in the morning and gives space for sitting area. High ceilings offer make the space comfy and spacious. The kitchen is crisp and concise with ample storage and cabinet space. The range/oven and refrigerator new in 2018. Master bedroom has huge closet and ceiling fan. Bathroom has cultured marble vanity top. There is laminate flooring throughout . Newer windows and updated electric panel. Unit has newer wall/window a/c units. The utility/storage room off the hallway has additional storage WITH WASHER AND DRYER. The HOA fee includes water, sewer, basic cable, internet and trash collection. This is a very active 55-plus community. Clearview oaks has an onsite manager. Common areas offer lush garden areas including a lake with fountain. Recreation center offers activities including bingo every other week! Car washing station and common laundry facility are available. This home is centrally located to shopping, dining and recreation. Less than 15 minutes to downtown Saint Petersburg, and less than 15 minutes to Gulf Beaches!

31. 2019-02-21
    soldstatus $35,000
32. 2019-02-20
    soldstatus $35,000 Sold
33. 2019-02-11
    status Pending
34. 2019-01-02
    listed $39,900 Active
35. 2018-09-18
    historical
36. 2018-07-07
    price $42,000
37. 2018-04-21
    listed $45,000 Active
38. 2017-01-17
    soldstatus $21,700 Sold
39. 2016-12-26
    status Pending
40. 2016-09-13
    listed $21,700 Active
41. 2016-06-24
    historical
42. 2016-06-11
    price $21,700
43. 2016-01-26
    listed $22,900 Active
44. 2011-12-02
    soldstatus $11,000
45. 2010-09-27
    listed $11,000
46. 2001-12-27
    soldstatus $25,000
47. 1996-01-24
    soldstatus $12,300

ⓘ 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: $306 · $25/mo
• Projected year-2 tax: $681 · $57/mo
• Expected delta: +$375/yr (+$31/mo · 122.5%)

ⓘ 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 (shaded) · 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: $17,373
• − Mortgage interest: −$4,593
• − Property taxes: −$306
• − Insurance: −$410
• − Repairs & maintenance: −$1,390
• − Management: −$1,390
• − HOA: −$5,772
• − Depreciation: −$2,385
• Taxable income: $1,127
• Est. tax owed @ 24.0%: −$270
• After-tax cash flow: $1,806/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 — Kenneth City

• Score: 83/100
• State rank: #47
• US rank: #874

Category grades

Amenities D Commute A+ Cost of living A+ Crime B+ Employment C+ Housing A+ Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kenneth City, FL
• County: Pinellas County · 939,478 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 25,050
• Household income: $53,501
• Rent vs Own: 23.9% rent · 76.1% own
• Severe rent burden: 712.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 11% Two or more races 10% Black 5% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2% Dominican 1%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 14% · Canada, Vietnam, Jamaica
• Languages at home: 84% English-only · Spanish 9% Other Indo-European 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: ▼ -416.74%
• Current HPI: 391.368
• Rent YoY: ▲ 0.99%
• 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

+566.7% since first listed

35 events — show timeline

• 2026-03-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $81,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Price Changed $83,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-20 Listed $84,900 Stellar MLS as Distributed by MLS Grid
• 2023-08-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-07-27 Price Changed $88,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-17 Price Changed $89,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-08 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-18 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-10-03 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2022-09-21 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2022-09-13 Listed $114,000 Stellar MLS as Distributed by MLS Grid
• 2019-12-05 Sold (Public Records) $45,000 Public Records
• 2019-12-03 Sold (MLS) $45,000 Stellar MLS as Distributed by MLS Grid
• 2019-11-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-11-02 Listed $48,000 Stellar MLS as Distributed by MLS Grid
• 2019-02-21 Sold (Public Records) $35,000 Public Records
• 2019-02-20 Sold (MLS) $35,000 Stellar MLS as Distributed by MLS Grid
• 2019-02-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-01-02 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 2018-09-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-07-07 Price Changed $42,000 Stellar MLS as Distributed by MLS Grid
• 2018-04-21 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2017-01-17 Sold (MLS) $21,700 Stellar MLS as Distributed by MLS Grid
• 2016-12-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-09-13 Listed $21,700 Stellar MLS as Distributed by MLS Grid
• 2016-06-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-06-11 Price Changed $21,700 Stellar MLS as Distributed by MLS Grid
• 2016-01-26 Listed $22,900 Stellar MLS as Distributed by MLS Grid
• 2011-12-02 Sold (MLS) $11,000 Stellar MLS as Distributed by MLS Grid
• 2010-09-27 Listed $11,000 Stellar MLS as Distributed by MLS Grid
• 2001-12-27 Sold (Public Records) $25,000 Public Records
• 1996-01-24 Sold (Public Records) $12,300 Public Records

Property tax history

+1.0%/yr

Latest (2025): $306 · +7.2% YoY. Source: county tax records.