135 Northwest Monroe Circle North, St. Petersburg, FL, USA
Excellent
89/100This is an excellent deal — priced below the local market with healthy equity after repairs. The fundamentals line up well across the board.
- 15% below area price per sqft
- $59k potential equity (13%)
- $789/mo positive cash flow
- 6.55% cap rate
- Strong neighborhood (70/100)
- No major red flags detected
Price vs. Market
ARV Assessment
Based on 4 recent sales within 0.5 miles, comparable multi-family homes of similar size traded between $266k and $349k. The subject's 1,849 sqft and 4bd/3ba layout supports a midpoint estimate of $309k.
2 more details
Property presents in moderate condition. Estimated rehab of $5k covers kitchen, baths, and systems.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
Rental Income
The St. Petersburg rental market shows strong demand. Median area rent is $1,369/mo with a 13% vacancy rate.
2 more details
Comparable 4bd units nearby rent for $2,280–$2,730. At $2,480/mo the gross yield is 11.9% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
Financing Calculator
Neighborhood Profile
City Population
Get alerts for deals like this in St. Petersburg
We'll email you when matching off-market deals hit Offa's marketplace.
Similar Off-Market Deals Nearby
Full details available on Offa's marketplace.
