1301 Prescott St S · St. Petersburg, FL 33712

$215,000

None bd · 2.0 ba · 1,391 sqft · SingleFamily public records · 19 Days on market

Built 1936 5,288 sqft lot Est $327k · 34% 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 +17.1/30.0
• ARV discount +15.0/15.0
• DSCR +5.3/10.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Welcome to this great potential duplex, property introduces some great rental opportunity, this property has 2 units first unit is 2 bed/1 bath , the other unit is 1 bed /1 bath the 2 bed / 1 bath unit is fully renovated ready for a tenant the other 1 bed /1 bath unit is gutted ready to be renovated property and have a tenant in there. 2/1 unit rent can go up to $2000 per month and the 1/1 can go up to $1700 depending on the finishes. House hackers and landlords don't miss this one out!

Key facts

• 5,288 sq ft lot
• Garage
• Built 1936

Property features AI

Finance

• Other: Property identified as Residential Income — Duplex; Total living area reported as 1,391 square feet
• Financial info: Annual net income reported as $0.00

Exterior

• Parking: 1-car garage
• Utilities: Private water source; Other sewer; Other utilities
• Home design: Residential income property (Duplex); Single building on property
• Construction: Other construction materials; Other roof; Other foundation details; Built on 0.12-acre lot
• Exterior features: Other exterior features; Road surface: Other

Interior

• Heating & cooling: Other heating; Other cooling
• Interior features: Other interior features
• Laundry & utility: Other laundry features

🏷️ Possibly a rental listed for sale. The $215,000 price doesn't fit this home's estimated sale value (~$326,885) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a ?-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Recommended offer: $212k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.1% 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 (-0.8%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 43% of the median local income ($60k/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 $6k 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 19 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1936 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $211,775 (1.5% below list)

Questions for the listing agent

1. Built in 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.02% ✓
• Cap rate: 7.12%
• Cash-on-cash: 2.97%
• DSCR: 1.13
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $326,885
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1307 12th Ave S	0.21mi	4/2.0	1,349 (-3%)	4mo	$240,000	$178	82
1333 Melrose Ave S	0.17mi	3/2.0	1,320 (-5%)	5mo	$300,000	$227	79
1717 Preston St S	0.30mi	3/2.0	1,421 (+2%)	11mo	$345,000	$243	73
1126 Melrose Ave S	0.35mi	3/2.0	1,293 (-7%)	0mo	$375,000	$290	72
1618 20th Ave S	0.54mi	3/1.0	1,378 (-1%)	3mo	$120,000	$87	67
1962 15th Ave S	0.28mi	3/1.0	1,245 (-10%)	3mo	$122,000	$98	63
2230 Melrose Ave S	0.49mi	3/2.0	1,466 (+5%)	11mo	$345,000	$235	59
1000 13th Ave S	0.44mi	3/2.0	1,200 (-14%)	2mo	$215,000	$179	55
1067 15th Ave S	0.44mi	2/1.0	1,470 (+6%)	13mo	$300,000	$204	55
2032 22nd Ave S	0.74mi	4/2.0	1,391 (0%)	14mo	$369,900	$266	54
1225 9th Ave S	0.38mi	3/2.0	1,200 (-14%)	14mo	$370,000	$308	48
1511 22nd Ave S	0.64mi	3/2.0	1,518 (+9%)	13mo	$398,000	$262	44

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: -15.2%
• Equity multiple: 0.47×
• Total profit: $-31,680
• Equity at exit: $32,057

10-year hold

• IRR: -13.2%
• Equity multiple: 0.34×
• Total profit: $-39,810
• Equity at exit: $18,589

Cash invested: $60,200 (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 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,191 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$365 /mo · $4,379/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $149

Break-even live

Break-even rent $2,003

Max offer price $215,000

Occupancy floor 88%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1349 15th St S Saint Petersburg, FL	3.0	2.0	1702	$2,700	$1.59	24d	1	0.13mi
1427 15th St S Saint Petersburg, FL	3.0	1.0	1030	$2,095	$2.03	4d	1	0.17mi
1465 15th St S Saint Petersburg, FL	3.0	1.5	1405	$2,400	$1.71	4d	1	0.20mi
1920 14th Ave S Saint Petersburg, FL	3.0	2.0	1073	$1,865	$1.74	24d	1	0.24mi
1650 Prescott St S Saint Petersburg, FL	3.0	1.0	960	$2,100	$2.19	4d	1	0.27mi
2028 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	24d	1	0.29mi
2020 14th Ave S Unit A St. Petersburg, FL	2.0	2.0	1000	$1,920	$1.92	7d	1	0.29mi
1218 13th Ave S Saint Petersburg, FL	3.0	2.0	1356	$2,594	$1.91	4d	1	0.30mi
1760 Queen St S Saint Petersburg, FL	3.0	1.0	1004	$2,000	$1.99	4d	1	0.36mi
1763 Preston St S Saint Petersburg, FL	3.0	1.0	1158	$2,350	$2.03	24d	1	0.37mi
1701 14th St S Unit A St. Petersburg, FL	2.0	1.0	1100	$1,950	$1.77	24d	1	0.40mi
1715 14th St S St. Petersburg, FL	2.0	1.0	1000	$1,850	$1.85	24d	1	0.41mi
1035 15th Ave S Saint Petersburg, FL	2.0	1.0	1412	$1,900	$1.35	4d	1	0.49mi
1847 19th St S Saint Petersburg, FL	3.0	2.0	1203	$2,295	$1.91	4d	1	0.51mi
985 8th Ave S Unit S St. Petersburg, FL	3.0	1.0	1061	$2,700	$2.54	2d	1	0.56mi
1121 Dr Martin Luther King Jr St S Saint Petersburg, FL	3.0	2.0	1200	$2,275	$1.90	4d	1	0.56mi
1828 20th Ave S Saint Petersburg, FL	3.0	1.0	1015	$1,650	$1.63	24d	1	0.57mi
888 14th Ave S St Petersburg, FL	2.0	1.0	1084	$1,825	$1.68	3d	1	0.61mi
1137 Highland St S Saint Petersburg, FL	3.0	2.0	1400	$2,600	$1.86	1d	1	0.63mi
2033 20th St S Saint Petersburg, FL	3.0	1.0	1752	$1,775	$1.01	4d	1	0.63mi
944 18th Ave S Unit A St. Petersburg, FL	3.0	1.0	1013	$2,100	$2.07	17d	1	0.67mi
2010 22nd St S Saint Petersburg, FL	3.0	1.0	1036	$1,695	$1.64	4d	1	0.67mi
1700 3rd Ave S Unit 2 St. Petersburg, FL	3.0	2.0	1400	$4,068	$2.91	24d	1	0.72mi
1724 3rd Ave S Unit 2 St. Petersburg, FL	2.0	2.0	1084	$3,343	$3.08	24d	1	0.72mi
771 14th Ave S Saint Petersburg, FL	3.0	2.0	1184	$2,850	$2.41	3d	1	0.73mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,200	$2.47	1d	1	0.76mi
1919 Doctor Martin Luther King Junior St S Unit 1/2 St. Petersburg, FL	3.0	1.0	892	$2,580	$2.89	19d	1	0.76mi
201 17th St S Saint Petersburg, FL	1.0–3.0	1.0–2.0	1073	$3,438	$3.20	2d	20	0.76mi
930 20th Ave S St. Petersburg, FL	3.0	1.0	1190	$1,995	$1.68	12d	1	0.76mi
2244 21st Ave S Saint Petersburg, FL	3.0	1.0	1229	$2,250	$1.83	4d	1	0.77mi
151 7th St S Saint Petersburg, FL	2.0	1.0–2.0	904	$4,595	$5.08	2d	19	0.81mi
966 22nd Ave S Unit 109 St. Petersburg, FL	2.0	2.0	900	$1,795	$1.99	7d	1	0.84mi
2505 18th St S Saint Petersburg, FL	3.0	2.0	1198	$2,350	$1.96	3d	1	0.85mi
1560 Central Ave Saint Petersburg, FL	2.0	1.0–2.0	870	$3,349	$3.85	1d	17	0.88mi
711 18th Ave S Unit 2 St. Petersburg, FL	2.0	1.0	896	$1,295	$1.45	2d	1	0.90mi
560 26th St S Saint Petersburg, FL	3.0	1.0	979	$2,407	$2.46	24d	1	0.90mi
2728 14th Ave S St. Petersburg, FL	3.0	2.0	1257	$2,100	$1.67	7d	1	0.91mi
675 17th Ave S Unit 1 St. Petersburg, FL	2.0	1.0	1000	$1,950	$1.95	24d	1	0.91mi
1661 Central Ave St. Petersburg, FL	2.0	1.0–2.0	804	$3,242	$4.03	1d	15	0.93mi
1701 Central Ave Saint Petersburg, FL	2.0	1.0–2.0	837	$3,640	$4.35	1d	19	0.94mi

Listing history 8 events

1. 2026-06-15
   days on market $215,000 Active 19 DOM
2. 2026-06-13
   statusdays on market $215,000 Active 17 DOM
3. 2026-05-11
   status Pending
4. 2026-05-07
   price $215,000
5. 2026-05-01
   price $225,000
6. 2026-04-27
   listed $234,900 Active
7. 2024-10-23
   historical $1,750
8. 2024-08-29
   listed $1,750

ⓘ 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: $4,379 · $365/mo
• Projected year-2 tax: $4,379 · $365/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 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: $26,293
• − Mortgage interest: −$12,043
• − Property taxes: −$4,379
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,103
• − Management: −$2,103
• − Depreciation: −$6,255
• Taxable loss: −$1,666
• Est. tax savings @ 24.0%: +$400
• After-tax cash flow: $2,187/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): 27,142
• Household income: $60,450
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1928.0

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 Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Slovak 1% Estonian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 92% English-only · French/Haitian/Cajun 3% Spanish 3% 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: ▼ -275.45%
• Current HPI: 412.7251
• Rent YoY: ▼ -0.77%
• 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

+12185.7% since first listed

6 events — show timeline

• 2026-05-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Price Changed $215,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Listed $234,900 Stellar MLS as Distributed by MLS Grid
• 2024-10-23 Rental Removed $1,750 TURBOTENANT
• 2024-08-29 Listed for Rent $1,750 TURBOTENANT

Property tax history

+16.5%/yr

Latest (2025): $4,379 · +110.0% YoY. Source: county tax records.