6645 1st Ave N #307 · St. Petersburg, FL 33710

$149,000

2 bd · 2.0 ba · 1,255 sqft · Condo public records · 217 Days on market

Built 1967 $559/mo HOA · 25% 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 +19.2/30.0
• 1% rule +9.9/10.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• 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

Parc Vendome is a quiet 55+ community tucked away off of Pasadena Ave & 1st Ave. N. Centrally located close to the beaches and downtown St. Petersburg. This a a 2 bedroom 2 bath unit that has recently been repainted and carpeted. The kitchen has been remodeled in recent years as well. It features a spacious Florida room in the back which light & bright is great for a relaxing area for reading and enjoying the view. It has a storage area off the back room that an store your items. Livingroom is a generous size as well that combines both the living room and dining room. The primary bedroom has 2 large closets and a bathroom that has a convenient walk in shower. This building is lo

Key facts

• 3rd floor
• Remodeled kitchen
• Non flood zone

Tags

• REMODELED KITCHEN
• SPACIOUS FLORIDA ROOM
• STORAGE AREA
• NON FLOOD ZONE
• 3RD FLOOR

Property features AI

Finance

• Other: Irrigation equipment
• Financial info: Total annual fees of $6,708
• HOA & community: Monthly HOA dues of $559 (includes maintenance — structure and grounds, management, sewer, trash, water, escrow reserves fund); Association approval required; Association: Condominium Management; Senior community; No pets allowed; Street lights in community; Lease restrictions apply

Exterior

• Parking: Asphalt road access
• Utilities: Electricity available; Water available; Public sewer (sewer connected)
• Home design: Condominium; One story; Faces east; Third-floor unit
• Construction: Block and frame construction; Other roof type; Concrete perimeter foundation; Built as part of building number 6645
• Exterior features: Outdoor grill; Sidewalk; Landscaped grounds; Paved surfaces

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Window treatments
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $149k.

Deal economics

• At list price, monthly cash flow is $161 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% 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 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 soft (-0.5%/yr); 313 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 34% of the median local income ($79k/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 $1k of loan paydown is wiped out by about $4k 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 217 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $149k implies a 273% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 25% 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 $131,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 217 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 1967 — 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: 1.49% ✓
• Cap rate: 7.59%
• Cash-on-cash: 4.62%
• DSCR: 1.21
• GRM: 5.6

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: -14.0%
• Equity multiple: 0.52×
• Total profit: $-20,026
• Equity at exit: $22,216

10-year hold

• IRR: -14.6%
• Equity multiple: 0.33×
• Total profit: $-27,812
• Equity at exit: $12,883

Cash invested: $41,720 (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: 313
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,214 high
• Mortgage (P&I): −$781
• Tax est. 1.5%: −$186 /mo · $2,235/yr
• Insurance: −$62
• HOA: −$559
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $161

Break-even live

Break-even rent $2,011

Max offer price $149,000

Occupancy floor 88%

Sensitivity live

Price	-10% $264	-5% $212	+0% $161	+5% $109	+10% $58
Rent	-10% $-14	-5% $73	+0% $161	+5% $248	+10% $336
Rate	-1.0pp $236	-0.5pp $199	base $161	+0.5pp $122	+1.0pp $83

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6348 7th Ave N St Petersburg, FL	3.0	1.5	1637	$2,800	$1.71	25d	1	0.59mi
6221 5th Ave S Saint Petersburg, FL	3.0	2.0	924	$2,050	$2.22	4d	1	0.63mi
555 62nd St S Unit 110 St. Petersburg, FL	2.0	2.0	960	$1,735	$1.81	14d	1	0.67mi
6262 Emerson Ave S Saint Petersburg, FL	2.0	2.0	960	$1,500	$1.56	15d	1	0.67mi
6660 Date Palm Ave S Unit 1018211P St. Petersburg, FL	3.0	2.0	1345	$7,147	$5.31	8d	1	0.69mi
6860 Park St S South Pasadena, FL	2.0	2.0	1500	$2,500	$1.67	25d	1	0.75mi
904 67th St S Saint Petersburg, FL	3.0	1.0	1169	$2,750	$2.35	14d	1	0.80mi
1060 65th St S Saint Petersburg, FL	3.0	1.5	1116	$1,950	$1.75	5d	1	0.88mi
5919 4th Ave N Saint Petersburg, FL	2.0	1.0	1053	$2,650	$2.52	4d	1	0.90mi
1108 Winchester Rd N St Petersburg, FL	3.0	1.0	1011	$1,800	$1.78	21d	1	1.02mi
1153 Rue des Rois Unit 1B South Pasadena, FL	2.0	2.0	960	$2,200	$2.29	25d	1	1.03mi
1140 Rue des Rois #1140 South Pasadena, FL	2.0	1.5	1045	$1,995	$1.91	25d	1	1.04mi
1308 70th St N Unit 1308 St. Petersburg, FL	2.0	1.5	1100	$2,500	$2.27	25d	1	1.06mi
1130 Rue Des Chateaux South Pasadena, FL	2.0	2.0	960	$1,949	$2.03	8d	1	1.06mi
1130 Rue Des Chateaux South Pasadena, FL	2.0	2.0	960	$1,949	$2.03	11d	1	1.06mi
702 Gray St S Gulfport, FL	2.0	2.0	1308	$2,850	$2.18	25d	1	1.08mi
7050 Sunset Dr S #716 South Pasadena, FL	2.0	2.0	1180	$2,250	$1.91	25d	1	1.10mi
1316 Pasadena Ave S #204 South Pasadena, FL	1.0	1.5	875	$1,900	$2.17	4d	1	1.13mi
1316 Pasadena Ave S #202 South Pasadena, FL	2.0	2.0	1030	$2,300	$2.23	4d	1	1.13mi
1320 Pasadena Ave S #203 South Pasadena, FL	2.0	2.0	1030	$2,600	$2.52	4d	1	1.15mi
1699 68th St N Saint Petersburg, FL	3.0	1.0–2.0	775	$1,975	$2.55	3d	43	1.16mi
441 57th St N Saint Petersburg, FL	2.0	1.0	1160	$1,950	$1.68	3d	1	1.17mi
7930 Causeway Blvd S Saint Petersburg, FL	3.0	2.0	1454	$3,900	$2.68	4d	1	1.19mi
6810 Stones Throw Cir N #13203 Saint Petersburg, FL	2.0	2.0	905	$2,100	$2.32	5d	1	1.20mi
1324 Pasadena Ave S #205 South Pasadena, FL	1.0	1.5	875	$1,695	$1.94	4d	1	1.20mi
5545 3rd Ave N Saint Petersburg, FL	2.0	1.0	962	$2,400	$2.49	4d	1	1.24mi
1328 Pasadena Ave S #206 South Pasadena, FL	2.0	2.0	1100	$2,700	$2.45	25d	1	1.25mi
6366 Hampton Dr N Saint Petersburg, FL	3.0	1.0	924	$1,995	$2.16	5d	1	1.27mi
1119 59th St S Gulfport, FL	3.0	2.0	1208	$2,415	$2.00	5d	1	1.29mi
7125 14th Ave S South Pasadena, FL	2.0	2.0	1000	$2,000	$2.00	4d	1	1.29mi
6960 20th Ave N #501 St Petersburg, FL	2.0	2.0	1150	$1,995	$1.73	25d	1	1.30mi
5521 5th Ave N Saint Petersburg, FL	2.0	1.0	952	$1,750	$1.84	4d	1	1.30mi
1750 Harbor Pl S South Pasadena, FL	1.0	1.5	920	$2,325	$2.53	25d	2	1.35mi
7600 16th Ave N Saint Petersburg, FL	2.0	1.0	1243	$2,200	$1.77	12d	1	1.39mi
1790 Russell Dr N Saint Petersburg, FL	3.0	2.0	1277	$2,800	$2.19	5d	1	1.43mi
1473 Durling Dr S South Pasadena, FL	3.0	2.0	1264	$4,000	$3.16	25d	1	1.44mi
6100 Gulfport Blvd S #102 Gulfport, FL	2.0	1.0	914	$2,100	$2.30	18d	1	1.44mi
6100 Gulfport Blvd S Gulfport, FL	2.0	1.0	914	$2,100	$2.30	13d	1	1.44mi

HOA detail condo

• Monthly dues: $559 · $6,708/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $149,000 Active 217 DOM
2. 2026-06-17
   days on market $149,000 Active 216 DOM
3. 2026-06-16
   days on market $149,000 Active 215 DOM
4. 2026-06-15
   days on market $149,000 Active 214 DOM
5. 2026-06-13
   days on market $149,000 Active 212 DOM
6. 2026-06-09
   days on market $149,000 Active 208 DOM
7. 2026-06-08
   days on market $149,000 Active 207 DOM
8. 2026-06-07
   days on market $149,000 Active 206 DOM
9. 2026-06-04
   pricedays on market $149,000 Active 203 DOM
10. 2026-02-25
    price $159,000
11. 2026-01-30
    status Active
12. 2025-12-18
    status Pending
13. 2025-11-07
    price $164,500
14. 2025-09-26
    listed $179,000 Active
15. 1994-12-08
    soldstatus $39,900
16. 1991-10-10
    soldstatus $37,000
17. 1989-06-26
    soldstatus $35,000

ⓘ 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: $26,572
• − Mortgage interest: −$8,346
• − Property taxes: −$2,235
• − Insurance: −$745
• − Repairs & maintenance: −$2,126
• − Management: −$2,126
• − HOA: −$6,708
• − Depreciation: −$4,335
• Taxable loss: −$48
• Est. tax savings @ 24.0%: +$12
• After-tax cash flow: $1,939/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

+354.3% since first listed

8 events — show timeline

• 2026-02-25 Price Changed $159,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Price Changed $164,500 Stellar MLS as Distributed by MLS Grid
• 2025-09-26 Listed $179,000 Stellar MLS as Distributed by MLS Grid
• 1994-12-08 Sold (Public Records) $39,900 Public Records
• 1991-10-10 Sold (Public Records) $37,000 Public Records
• 1989-06-26 Sold (Public Records) $35,000 Public Records

Property tax history

-10.7%/yr

Latest (2025): $194 · +12.9% YoY. Source: county tax records.