1655 S Highland Ave Unit D241 · Largo, FL 33756

$129,900

1 bd · 1.5 ba · 1,025 sqft · Condo public records · 27 Days on market

Built 1971 $545/mo HOA · 33% of rent

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Why this score? — see what drove the D- 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 +9.1/30.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fixer Upper that needs love. 1025 Square Feet, one bedroom, 1 1/2 bath. The walk-in closet in the bedroom is absolutely huge. Washer and dryer is located in the main bathroom closet which has a Jack and Jill setup. This can be a wonderful unit needs love and once you put your creative imagination to work it will come back to life. The pool and recreation hall is amazing. There is also a shuffleboard for those who enjoy playing. The location is a major plus.

Key facts

• All-new cabinetry
• Freshly renovated
• $545 HOA

Tags

• FRESHLY RENOVATED
• EXTRA-LARGE IMPACT WINDOWS
• STATE-OF-THE-ART KITCHEN
• ALL-NEW CABINETRY
• HIGH END STONE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Financial info: Monthly condo fee $545 (total monthly fees $545); Total annual fees $6,540; Lease restrictions apply
• HOA & community: Monthly condo/association fee (includes cable TV, internet, pool, sewer, trash, water, maintenance of structure and grounds, escrow reserves fund); Association approval required; Senior community; No pets allowed; Clubhouse and deed-restricted community

Exterior

• Parking: Covered carport; 1 carport space
• Utilities: Public water; Public sewer; Cable connected; BB/HS internet available; Electricity available; Water connected; Irrigation equipment
• Home design: Residential condominium; Second-floor unit; Faces south; One level
• Construction: Block and stucco construction; Membrane roof; Slab foundation; Built as part of a multi-story building (2 total stories)
• Exterior features: Outdoor lighting; Heated in-ground pool

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Ice maker; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Blinds
• Laundry & utility: Inside laundry room with washer and dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.5-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $-99 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $112k (13.5% below list).
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $112k (13.5% below list) — sets the bar for cash-flow.
• Cap rate 5.4% vs local median 4.2% in Largo — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 82/100 on livability (#82 in FL, #1,240 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, amenities 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 (-2.2%/yr); 363 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 32% of the median local income ($62k/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 $898 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 27 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $18k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 33% 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 $112,353 (13.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1971 — 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.28% ✓
• Cap rate: 5.38%
• Cash-on-cash: -3.28%
• DSCR: 0.85
• GRM: 6.5

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: -27.2%
• Equity multiple: 0.12×
• Total profit: $-31,914
• Equity at exit: $19,369

10-year hold

• IRR: -58.3%
• Equity multiple: -0.47×
• Total profit: $-53,406
• Equity at exit: $11,231

Cash invested: $36,372 (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 33756

• Rents YoY: -2.2%
• Active inventory: 363
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,666 high
• Mortgage (P&I): −$681
• Tax from tax record: −$135 /mo · $1,618/yr
• Insurance: −$54
• HOA: −$545
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $-99

Break-even live

Break-even rent $1,791

Max offer price $112,353

Occupancy floor —

Sensitivity live

Price	-10% $-26	-5% $-63	+0% $-99	+5% $-136	+10% $-173
Rent	-10% $-231	-5% $-165	+0% $-99	+5% $-34	+10% $32
Rate	-1.0pp $-34	-0.5pp $-66	base $-99	+0.5pp $-133	+1.0pp $-167

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1657 S Lake Ave Clearwater, FL	2.0	2.0	1250	$1,550	$1.24	18d	1	0.32mi
1845 S Highland Ave Clearwater, FL	2.0	2.0	904	$1,525	$1.69	3d	2	0.43mi
1406 Lemon St Clearwater, FL	2.0	1.5	1020	$1,990	$1.95	25d	1	0.61mi
1624 Fruitwood Dr Clearwater, FL	2.0	2.0	1298	$2,500	$1.93	25d	1	0.69mi
1700 Rosery Rd NE Largo, FL	2.0	2.0	1223	$2,300	$1.88	8d	1	0.71mi
1562 S Jefferson Ave Clearwater, FL	1.0	1.0	870	$1,250	$1.44	17d	1	0.76mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,400	$1.17	2d	38	0.78mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,549	$1.82	2d	31	0.86mi
1653 Bravo Dr Clearwater, FL	1.0	1.0	850	$2,200	$2.59	5d	1	0.96mi
1524 Lakeview Rd Clearwater, FL	2.0	2.0	1100	$1,395	$1.27	25d	1	0.99mi
1319 Boylan Ave Clearwater, FL	2.0	1.0	800	$1,550	$1.94	25d	1	1.04mi
1007 Hawkins St Unit A Clearwater, FL	2.0	1.0	784	$1,845	$2.35	25d	1	1.04mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	11d	1	1.06mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	25d	1	1.07mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	17d	1	1.07mi
1536 Illinois Rd Clearwater, FL	2.0	1.0	1440	$2,200	$1.53	5d	1	1.07mi
250 Rosery Rd NW #283 Largo, FL	2.0	1.0	764	$1,395	$1.83	21d	1	1.08mi
250 Rosery Rd NW Largo, FL	1.0	1.0	672	$1,295	$1.93	3d	1	1.10mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$1,299	$1.19	3d	11	1.17mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,299	$1.43	3d	35	1.17mi
1192 S Duncan Ave Clearwater, FL	2.0	2.0	1395	$2,500	$1.79	5d	1	1.17mi
713 Smith St Clearwater, FL	1.0	1.0	814	$1,595	$1.96	4d	1	1.21mi
1520 Jeffords St Clearwater, FL	1.0–2.0	1.0	645	$1,195	$1.85	25d	1	1.22mi
1657 S Lake Dr Unit 3 Clearwater, FL	2.0	2.0	1250	$1,550	$1.24	18d	1	1.22mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	5d	1	1.27mi
1432 Lotus Path Clearwater, FL	2.0	1.0	900	$1,750	$1.94	11d	1	1.29mi
1552 S Myrtle Ave Clearwater, FL	2.0	1.5	750	$1,750	$2.33	15d	1	1.35mi
1119 Tuskawilla Dr Clearwater, FL	2.0	1.0	603	$1,250	$2.07	2d	23	1.36mi
629 Wildwood Way Clearwater, FL	2.0	1.0	768	$1,400	$1.82	21d	1	1.42mi
1030 Clearwater Largo Rd N Largo, FL	2.0	1.0	849	$1,875	$2.21	24d	1	1.42mi
627 Wildwood Way Clearwater, FL	2.0	1.0	768	$1,400	$1.82	21d	1	1.42mi
625 Wildwood Way Clearwater, FL	2.0	1.0	768	$1,400	$1.82	21d	1	1.42mi
1516 Carmel Ave Clearwater, FL	2.0	1.0	740	$1,650	$2.23	5d	1	1.43mi
1216 S Missouri Ave Clearwater, FL	1.0–2.0	1.0–2.0	835	$1,450	$1.74	3d	6	1.44mi
1216 S Missouri Ave Clearwater, FL	1.0–2.0	1.0–2.0	835	$1,500	$1.80	25d	5	1.44mi
1632 Clearwater Largo Rd Clearwater, FL	3.0	1.0–2.0	961	$2,099	$2.18	3d	25	1.44mi
811 Rosery Rd NW Largo, FL	1.0–3.0	1.0–3.0	1050	$1,715	$1.63	4d	20	1.45mi
428 4th St NW Largo, FL	2.0	1.0	850	$1,900	$2.24	25d	1	1.45mi
1224 S Missouri Ave #903 Clearwater, FL	1.0	1.0	730	$2,250	$3.08	25d	1	1.47mi
1416 Druid Rd E Clearwater, FL	2.0	1.0	864	$2,150	$2.49	5d	1	1.49mi

HOA detail condo

• Monthly dues: $545 · $6,540/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 28 events

1. 2026-06-18
   days on market $129,900 Active 27 DOM
2. 2026-06-17
   days on market $129,900 Active 26 DOM
3. 2026-06-16
   days on market $129,900 Active 25 DOM
4. 2026-06-15
   days on market $129,900 Active 24 DOM
5. 2026-06-13
   pricedays on market $129,900 Active 22 DOM
6. 2026-06-09
   days on market $148,000 Active 18 DOM
7. 2026-06-08
   days on market $148,000 Active 17 DOM
8. 2026-06-07
   days on market $148,000 Active 16 DOM
9. 2026-06-04
   days on market $148,000 Active 13 DOM
10. 2026-06-03
    days on market $148,000 Active 12 DOM
11. 2026-06-02
    days on market $148,000 Active 11 DOM
12. 2026-06-01
    days on market $148,000 Active 10 DOM
13. 2026-05-31
    days on market $148,000 Active 9 DOM
14. 2026-05-22
    listed $148,000 Active
15. 2026-04-16
    historical
16. 2026-03-27
    price $148,400
17. 2026-02-18
    price $159,500
18. 2026-01-24
    price $165,000
19. 2025-11-24
    price $178,500
20. 2025-11-15
    price $189,000
21. 2025-11-05
    price $199,800
22. 2025-10-19
    listed $210,000 Active
23. 2023-11-28
    soldstatus $125,000 Closed 461-char remark

    Show marketing remark (461 chars)

    Fixer Upper that needs love. 1025 Square Feet, one bedroom, 1 1/2 bath. The walk-in closet in the bedroom is absolutely huge. Washer and dryer is located in the main bathroom closet which has a Jack and Jill setup. This can be a wonderful unit needs love and once you put your creative imagination to work it will come back to life. The pool and recreation hall is amazing. There is also a shuffleboard for those who enjoy playing. The location is a major plus.

24. 2023-11-21
    soldstatus $125,000
25. 2023-11-09
    status Pending 461-char remark

    Show marketing remark (461 chars)

    Fixer Upper that needs love. 1025 Square Feet, one bedroom, 1 1/2 bath. The walk-in closet in the bedroom is absolutely huge. Washer and dryer is located in the main bathroom closet which has a Jack and Jill setup. This can be a wonderful unit needs love and once you put your creative imagination to work it will come back to life. The pool and recreation hall is amazing. There is also a shuffleboard for those who enjoy playing. The location is a major plus.

26. 2023-11-01
    listed $130,000 Active 461-char remark

    Show marketing remark (461 chars)

    Fixer Upper that needs love. 1025 Square Feet, one bedroom, 1 1/2 bath. The walk-in closet in the bedroom is absolutely huge. Washer and dryer is located in the main bathroom closet which has a Jack and Jill setup. This can be a wonderful unit needs love and once you put your creative imagination to work it will come back to life. The pool and recreation hall is amazing. There is also a shuffleboard for those who enjoy playing. The location is a major plus.

27. 1996-05-20
    soldstatus $35,000
28. 1984-09-01
    soldstatus $42,500

ⓘ 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: $1,618 · $135/mo
• Projected year-2 tax: $1,618 · $135/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 ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,987
• − Mortgage interest: −$7,276
• − Property taxes: −$1,618
• − Insurance: −$650
• − Repairs & maintenance: −$1,599
• − Management: −$1,599
• − HOA: −$6,540
• − Depreciation: −$3,779
• Taxable loss: −$3,073
• Est. tax savings @ 24.0%: +$738
• After-tax cash flow: $-454/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 — Largo

• Score: 82/100
• State rank: #82
• US rank: #1240

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Largo, FL
• County: Pinellas County · 939,478 people
• City population: 106,311
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 32,201
• Household income: $61,872
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1868.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Black 11% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 16% · Canada
• Languages at home: 79% English-only · Spanish 14% 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: ▼ -438.74%
• Current HPI: 354.6792
• Rent YoY: ▼ -2.22%
• 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

+248.2% since first listed

15 events — show timeline

• 2026-05-22 Listed $148,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Price Changed $148,400 Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Price Changed $159,500 Stellar MLS as Distributed by MLS Grid
• 2026-01-24 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-24 Price Changed $178,500 Stellar MLS as Distributed by MLS Grid
• 2025-11-15 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-05 Price Changed $199,800 Stellar MLS as Distributed by MLS Grid
• 2025-10-19 Listed $210,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-28 Sold (MLS) $125,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-21 Sold (Public Records) $125,000 Public Records
• 2023-11-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-11-01 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 1996-05-20 Sold (Public Records) $35,000 Public Records
• 1984-09-01 Sold (Public Records) $42,500 Public Records

Property tax history

+6.1%/yr

Latest (2025): $1,618 · -16.6% YoY. Source: county tax records.