2211 22nd Ave S, St. Petersburg, FL, USA
Good Deal
74/100This is an excellent deal — priced below the local market with healthy equity after repairs. Watch that the rental yield is thin.
- 43% below area price per sqft
- $231k potential equity (43%)
- $705/mo positive cash flow
- Strong neighborhood (70/100)
- Cap rate only 5.73%
Price vs. Market
ARV Assessment
The ARV range for the subject property after full renovation is estimated between $270,000 and $360,000, with a midpoint of $310,000, reflecting high-quality comparables that have recently been renovated or newly constructed.
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Property presents in full gut condition. Estimated rehab of $11k covers structural, mechanical, and full interior.
Sales-comparison approach using 6 live sold comps from Realtor.com (filtered from 10 candidates), evaluated by LLM for proximity, recency, and renovation quality.
Comparable Sales
6 comps
Rental Income
Median area rent is $2,200/mo based on 13 comps. Standard deviation $300/mo indicates consistent pricing in the area.
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Based on 13 comparable rentals within 1.0 miles of similar houses, monthly rents range from $2,000 (25th percentile) to $2,400 (75th percentile), with a median of $2,200.
Median + 25th/75th percentile of comparable Realtor.com rentals within 1.0 miles. Standard deviation: $300.
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