1702 Sunkissed Dr · Tarpon Springs, FL 34689

$599,000

4 bd · 3.0 ba · 2,842 sqft · SingleFamily public records · 49 Days on market

Built 1995 10,633 sqft lot Est $745k · 20% under

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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 +19.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• Schools +4.3/10.0
• 1% rule +4.2/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious two-story home offering a flexible layout, generous living areas, and excellent outdoor space. The home features 4 bedrooms, a loft, large living areas, a 2-car garage and tons of natural light. The inviting curb appeal is highlighted by mature landscaping, tall palms, and a covered front entry. Inside the kitchen features stone countertops, stainless steel appliances, ample cabinet space and a functional breakfast bar/eat in kitchen that opens to the main living space. Large sliding glass doors allow tons of natural sunlight into the first floor. The large living room is centered around a fireplace and offers plenty of room for everyday living and entertaining. Upstairs, the expan

Key facts

• Stone countertops
• Mature landscaping
• Covered front entry

Tags

• GENEROUS LIVING AREAS
• EXCELLENT OUTDOOR SPACE
• MATURE LANDSCAPING
• COVERED FRONT ENTRY
• STONE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Homestead exemption indicated; Partially furnished
• HOA & community: Street lights

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Fiber optics
• Home design: Single family residence; Two stories; Entry faces south; Completed condition
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built as existing (year not specified)
• Exterior features: Covered, enclosed, front, rear and screened porches; Balcony; French doors; Sliding doors; Sidewalk; Shed(s); Mature landscaping with oak trees; Irrigation equipment; Corner lot on a cul-de-sac; oversized, landscaped, private and sloped with street dead-end

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Stone counters; Eat-in kitchen
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full baths; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open floorplan; Stone counters; Window treatments; Family room; Formal dining room; Inside utility; Wood-burning fireplace
• Laundry & utility: Laundry closet; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $599k.

Deal economics

• At list price, monthly cash flow is $676 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $550k (8.3% below list).
• Recommended offer: $550k (8.3% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 3.4% in Tarpon Springs — 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 68/100 on livability (#502 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, schools A-; Watch: employment C-, amenities F, commute F.
• 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 (-1.2%/yr); 399 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $5,496/mo this rent would consume 88% of the median local household income ($75k/yr) (locally 721% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $18k 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 49 days — a 3% lower offer ($581k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $35k; list at $599k implies a 1611% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $549,565 (8.3% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.92% ✗
• Cap rate: 7.65%
• Cash-on-cash: 4.84%
• DSCR: 1.22
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $744,604
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1726 Sunkissed Dr	0.16mi	4/4.0	2,694 (-5%)	2mo	$1,100,000	$408	78
422 Treasure Dr	0.19mi	4/3.0	2,718 (-4%)	8mo	$500,000	$184	77
1021 Hamilton Ave	0.58mi	4/3.0	2,557 (-10%)	0mo	$670,000	$262	56
1330 Belcher Dr	0.73mi	5/3.5 (+1)	2,985 (+5%)	2mo	$775,000	$260	50
1112 N Florida Ave	0.64mi	4/3.0	2,444 (-14%)	3mo	$550,000	$225	44
244 S Beach Dr	0.49mi	4/4.0	3,128 (+10%)	15mo	$1,208,000	$386	43

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.58×
• Total profit: $-70,335
• Equity at exit: $89,313

10-year hold

• IRR: -7.4%
• Equity multiple: 0.59×
• Total profit: $-68,910
• Equity at exit: $51,791

Cash invested: $167,720 (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 34689

• Rents YoY: -1.2%
• Active inventory: 399
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $5,496 medium
• Mortgage (P&I): −$3,141
• Tax from tax record: −$275 /mo · $3,299/yr
• Insurance: −$250
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,154
• Net cashflow: $676

Break-even live

Break-even rent $4,640

Max offer price $599,000

Occupancy floor 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: $149,750
• Closing costs: $17,970
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
512 Wayfarer Dr Unit 1244468P Tarpon Springs, FL	3.0	2.0	2389	$6,324	$2.65	3d	1	0.22mi
1417 Poinsettia Ave Unit 1244469P Tarpon Springs, FL	4.0	3.0	2098	$6,739	$3.21	7d	1	0.47mi
1334 Belcher Dr Tarpon Springs, FL	3.0	2.0	2055	$3,500	$1.70	1d	1	0.68mi
1445 Riverside Dr Tarpon Springs, FL	4.0	3.5	2736	$9,000	$3.29	2d	1	1.02mi

Listing history 16 events

1. 2026-06-18
   days on market $599,000 Active 49 DOM
2. 2026-06-17
   days on market $599,000 Active 48 DOM
3. 2026-06-16
   days on market $599,000 Active 47 DOM
4. 2026-06-15
   days on market $599,000 Active 46 DOM
5. 2026-06-13
   days on market $599,000 Active 44 DOM
6. 2026-06-09
   days on market $599,000 Active 40 DOM
7. 2026-06-08
   days on market $599,000 Active 39 DOM
8. 2026-06-07
   days on market $599,000 Active 38 DOM
9. 2026-06-04
   days on market $599,000 Active 35 DOM
10. 2026-06-03
    days on market $599,000 Active 34 DOM
11. 2026-06-01
    days on market $599,000 Active 32 DOM
12. 2026-05-31
    days on market $599,000 Active 31 DOM
13. 2026-05-18
    price $599,000
14. 2026-04-30
    listed $615,000 Active
15. 1995-05-16
    soldstatus $35,000
16. 1988-11-23
    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: $3,299 · $275/mo
• Projected year-2 tax: $4,972 · $414/mo
• Expected delta: +$1,672/yr (+$139/mo · 50.7%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 37% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $65,948
• − Mortgage interest: −$33,553
• − Property taxes: −$3,299
• − Insurance: −$2,995
• − Repairs & maintenance: −$5,276
• − Management: −$5,276
• − Depreciation: −$17,425
• Taxable loss: −$1,877
• Est. tax savings @ 24.0%: +$450
• After-tax cash flow: $8,560/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 — Tarpon Springs

• Score: 68/100
• State rank: #502
• US rank: #9244

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tarpon Springs, FL
• County: Pinellas County · 939,478 people
• City population: 27,324
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,324
• Household income: $74,854
• Rent vs Own: 18.5% rent · 81.5% own
• Severe rent burden: 721.0

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 6% Lithuanian 3% Slovak 2%
• Foreign-born: 10% · Canada, Jamaica, Dominican Republic
• Languages at home: 84% English-only · Other Indo-European 6% Spanish 6% French/Haitian/Cajun 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: ▼ -300.96%
• Current HPI: 303.7434
• Rent YoY: ▼ -1.16%
• 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

+1098.0% since first listed

4 events — show timeline

• 2026-05-18 Price Changed $599,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Listed $615,000 Stellar MLS as Distributed by MLS Grid
• 1995-05-16 Sold (Public Records) $35,000 Public Records
• 1988-11-23 Sold (Public Records) $50,000 Public Records

Property tax history

-1.4%/yr

Latest (2025): $3,299 · +5.9% YoY. Source: county tax records.