1001 Starkey Rd #358 · Largo, FL 33771

$145,000

3 bd · 2.0 ba · 1,682 sqft · Manufactured public records · 224 Days on market

Built 1991 107 ac lot Est $288k · 50% under $461/mo HOA · 20% of rent ↓ 37% since listing

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Why this score? — see what drove the B- 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 +22.2/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +7.1/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. MOVATIVED SELLER! Due to the buyer not qualifying, this home is now back on the market and available again with a New Roof. Welcome to Paradise! Paradise island is a 55+ active community that welcomes pets. Florida sugar sand beaches, golf courses, Pickle Ball, Restaurants, Shopping and Recreation centers are just minutes away. Make this Lake front 3 Bedroom 2 bath house your next Home. The open kitchen looks right into the family room where the back of the house is lined with windows to enjoy the pond and wildlife. The Master suit is large with a huge walk in closet. The master bath includes a walk in shower, dual sinks and make-up countertop and cab

Key facts

• 106.92 acre lot
• Parking
• Community pool

Property features AI

Finance

• Other: Property is residential manufactured home on approximately 107 acres; Community features: clubhouse and pool
• HOA & community: HOA (Paradise Island Co-Inc) with required monthly fee; Monthly association fee approximately $461.40; Association amenities: clubhouse, pool, cable TV; Association fee covers cable TV, pool, grounds maintenance, sewer, trash, and water; Senior community; Pets allowed (cats and dogs allowed with restrictions; max pet weight ~40 lbs; breed, number and size limits apply)

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Cable available; Water connected; Sewer connected
• Home design: Manufactured double-wide home; One story; South-facing entry
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as a manufactured home (double wide)
• Exterior features: Sliding doors; Exterior storage; Pond and water view with water access; Asphalt road access

Interior

• Kitchen: Dishwasher; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Open floor plan; Florida room
• Laundry & utility: Indoor laundry room with washer and electric dryer hookups

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 4.2% in Largo — 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 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 (-1.1%/yr); 220 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $2,276/mo this rent would consume 46% of the median local household income ($60k/yr) (locally 1243% 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 $1k 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 224 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $85k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 20% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 224 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
8. 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.
9. 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.
10. 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: 1.57% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.95%
• DSCR: 1.31
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $287,622
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1001 Starkey Rd #434	0.00mi	3/2.0	1,475 (-12%)	0mo	$190,000	$129	79
1001 Starkey Rd #82	0.00mi	2/2.0 (-1)	1,469 (-13%)	14mo	$143,000	$97	63
1100 Belcher Rd S #414	0.52mi	2/2.0 (-1)	1,566 (-7%)	9mo	$290,000	$185	52
1100 Belcher Lot 128 Rd S #128	0.52mi	3/2.0	1,836 (+9%)	18mo	$239,000	$130	45
1100 Belcher Rd S #686	0.52mi	2/2.0 (-1)	1,550 (-8%)	17mo	$270,000	$174	44
1100 Belcher Rd S #448	0.52mi	2/2.0 (-1)	1,475 (-12%)	13mo	$320,000	$217	39
1100 Belcher Rd S #716	0.52mi	2/2.0 (-1)	1,440 (-14%)	18mo	$246,500	$171	32

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: -10.5%
• Equity multiple: 0.64×
• Total profit: $-14,816
• Equity at exit: $21,620

10-year hold

• IRR: -8.8%
• Equity multiple: 0.56×
• Total profit: $-17,862
• Equity at exit: $12,537

Cash invested: $40,600 (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 33771

• Home prices YoY: -30.2%
• Rents YoY: -1.1%
• Active inventory: 220
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,276 high
• Mortgage (P&I): −$760
• Tax from tax record: −$281 /mo · $3,375/yr
• Insurance: −$60
• HOA: −$461
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $235

Break-even live

Break-even rent $1,979

Max offer price $145,000

Occupancy floor 85%

Sensitivity live

Price	-10% $317	-5% $276	+0% $235	+5% $194	+10% $153
Rent	-10% $55	-5% $145	+0% $235	+5% $325	+10% $415
Rate	-1.0pp $308	-0.5pp $272	base $235	+0.5pp $197	+1.0pp $159

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3030 Whispering Dr N Largo, FL	3.0	2.0	1348	$3,600	$2.67	25d	1	0.35mi
8775 Christie Dr Largo, FL	2.0	3.0	1300	$2,198	$1.69	18d	1	0.36mi
960 Starkey Rd #8402 Largo, FL	2.0	2.0	1324	$2,200	$1.66	25d	1	0.42mi
960 Starkey Rd #8206 Largo, FL	3.0	2.0	1836	$2,700	$1.47	25d	1	0.44mi
960 Starkey Rd #5105 Largo, FL	2.0	2.0	1324	$2,295	$1.73	25d	1	0.46mi
3331 Whispering Dr N Largo, FL	2.0	2.0	1053	$2,190	$2.08	24d	1	0.46mi
960 Starkey Rd #10305 Largo, FL	2.0	2.0	1324	$2,200	$1.66	15d	1	0.52mi
9122 Jakes Path Largo, FL	3.0	2.5	1461	$2,600	$1.78	25d	1	0.55mi
1200 Country Club Dr #3302 Largo, FL	2.0	2.0	1320	$2,200	$1.67	4d	1	0.56mi
1200 Country Club Dr #1502 Largo, FL	2.0	2.0	1320	$2,350	$1.78	4d	1	0.56mi
1200 Country Club Dr #4102 Largo, FL	2.0	2.0	1324	$2,100	$1.59	4d	1	0.56mi
1200 Country Club Dr #6204 Largo, FL	3.0	2.0	1575	$2,600	$1.65	4d	1	0.56mi
1601 Palm Way Largo, FL	3.0	1.0	1084	$1,950	$1.80	25d	1	0.56mi
2505 E Bay Dr Lot 77 Largo, FL	2.0	1.5	1080	$1,395	$1.29	21d	1	0.64mi
600 Starkey Rd Largo, FL	1.0–3.0	1.0–2.0	982	$2,199	$2.24	3d	21	0.66mi
44 Countryclub Dr #44 Largo, FL	2.0	2.0	1278	$2,300	$1.80	25d	1	0.73mi
2045 E Bay Dr Largo, FL	1.0–2.0	1.0–2.0	1114	$1,830	$1.64	2d	15	0.79mi
225 Country Club Dr #1404 Largo, FL	2.0	2.0	1440	$1,700	$1.18	4d	1	0.80mi
68 Country Club Dr Largo, FL	2.0	2.0	1396	$2,100	$1.50	25d	1	0.81mi
69 Country Club Dr Largo, FL	2.0	2.0	1278	$2,000	$1.56	25d	1	0.81mi
84 21st Ter SE Unit 1502691P Largo, FL	3.0	2.0	1291	$5,914	$4.58	8d	1	0.83mi
3377 Sherwood Dr Unit A Largo, FL	2.0	1.0	1064	$1,650	$1.55	8d	1	0.95mi
14875 Cromwell Dr Clearwater, FL	3.0	2.0	1485	$2,195	$1.48	17d	1	0.96mi
200 Country Club Dr #1505 Largo, FL	3.0	2.0	1255	$1,980	$1.58	15d	1	0.99mi
301 Seacrest Dr Largo, FL	1.0–2.0	1.0–1.5	975	$1,625	$1.67	22d	1	1.10mi
9925 Ulmerton Rd #74 Largo, FL	2.0	1.5	1140	$1,800	$1.58	18d	1	1.13mi
11310 92nd St Largo, FL	3.0	2.0	1600	$3,100	$1.94	5d	1	1.16mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,810	$1.99	2d	35	1.18mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$2,160	$1.97	3d	11	1.24mi
2227 Rose Ln Clearwater, FL	2.0	1.5	1200	$3,200	$2.67	25d	1	1.30mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$2,615	$2.65	2d	189	1.30mi
2234 Rose Ln Clearwater, FL	2.0	2.0	1462	$2,400	$1.64	5d	1	1.33mi
7236 Darien Way Clearwater, FL	3.0	2.0	1852	$2,945	$1.59	5d	1	1.36mi
7360 Ulmerton Rd Unit NA Largo, FL	2.0	2.0	1155	$2,050	$1.77	25d	1	1.40mi
600 6th Ave SE Largo, FL	3.0	2.0	1364	$2,400	$1.76	25d	1	1.40mi
897 Imperial Dr Unit 1244950P Largo, FL	4.0	3.0	1646	$6,372	$3.87	3d	1	1.40mi
4500 E Bay Dr #149 Clearwater, FL	2.0	2.0	1050	$1,850	$1.76	25d	1	1.40mi
4500 E Bay Dr #138 Clearwater, FL	2.0	2.0	1050	$1,350	$1.29	25d	1	1.40mi
802 Embassy Rd Largo, FL	4.0	2.0	2225	$3,499	$1.57	5d	1	1.41mi
7001 142nd Ave Largo, FL	2.0	2.0	1100	$1,700	$1.55	25d	1	1.43mi

HOA detail

• Monthly dues: $461 · $5,532/yr

Listing history 9 events

1. 2026-05-03
   status Pending
2. 2026-04-08
   price $145,000
3. 2026-03-01
   price $150,000
4. 2026-01-13
   status Active
5. 2025-12-05
   status Pending
6. 2025-10-31
   price $160,000
7. 2025-09-29
   status Active
8. 2025-09-29
   price $170,000
9. 2024-09-22
   listed $230,000 Active

ⓘ 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: $3,375 · $281/mo
• Projected year-2 tax: $3,375 · $281/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $27,314
• − Mortgage interest: −$8,122
• − Property taxes: −$3,375
• − Insurance: −$725
• − Repairs & maintenance: −$2,185
• − Management: −$2,185
• − HOA: −$5,532
• − Depreciation: −$4,218
• Taxable income: $971
• Est. tax owed @ 24.0%: −$233
• After-tax cash flow: $2,588/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): 27,596
• Household income: $59,993
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 1243.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Dominican 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica, Guatemala
• Languages at home: 82% English-only · Spanish 12% 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: ▼ -135.36%
• Current HPI: 313.5044
• Rent YoY: ▼ -1.06%
• 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

-37.0% since first listed

9 events — show timeline

• 2026-05-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-01 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-09-29 Price Changed $170,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-22 Listed $230,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+20.1%/yr

Latest (2025): $3,375 · +501.0% YoY. Source: county tax records.