12701 126th Ave #63 · Ridgecrest, FL 33774

$215,000

3 bd · 2.0 ba · 1,431 sqft · Manufactured public records · 30 Days on market

Built 2004

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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 +27.3/30.0
• ARV discount +10.2/15.0
• DSCR +9.5/10.0
• 1% rule +6.2/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious and inviting 3 bedroom, 2 bathroom home offering 1,431 sq. ft. of comfortable living space in the highly desirable all-age, pet-friendly Indian Rocks Estates community! This light and bright home features soaring tall ceilings, oversized windows, and a popular split-bedroom floor plan designed for privacy and functionality. A handicap-accessible ramp is already in place if needed, making this home even more accommodating. ALL THIS AND NO LOT RENT- NO CO-OP FEES-ALL YOU PAY IS ELECTRIC!! The spacious primary suite offers a relaxing retreat with a large en suite bathroom complete with a soaker tub, separate walk-in shower, custom cabinetry, and dual sinks. The huge kitchen provide

Key facts

• Large screened lanai
• Two storage sheds
• Non-flood zone

Tags

• HANDICAP-ACCESSIBLE RAMP
• LARGE SCREENED LANAI
• TWO STORAGE SHEDS
• DEDICATED GOLF CART PARKING
• 14X15 WORKSHOP
• NON-FLOOD ZONE

Property features AI

Finance

• Financial info: Lease restrictions apply
• HOA & community: Has HOA (Ameritech-Gloria Reed) with association approval required; Association covers cable TV, internet, management, sewer, trash, water, and escrow reserves; no association fee listed; Community clubhouse, playground, sidewalks, and golf carts allowed; Dogs allowed

Exterior

• Parking: Carport with 1 space; Guest parking available nearby
• Utilities: Public water connected; Public sewer connected; Electricity connected; Cable connected; Phone available
• Home design: Manufactured double-wide home; One story; South facing
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as a double-wide manufactured home
• Exterior features: Awnings; Private mailbox; Shade shutters; Sidewalk; Storage

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; High ceilings; Living room/dining room combo; Solid surface counters; Split bedroom floor plan; Blinds and curtain rods
• Laundry & utility: Laundry room; Washer; Dryer

🏢 Co-op / cooperative unit. The $215,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $215k.

Deal economics

• At list price, monthly cash flow is $619 ($7k/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.

Location & tenants

• Location reads 72/100 on livability (#323 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+, commute A-; Watch: amenities F, employment 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.
• Zoned schools: Oakhurst Elementary School (math 72% / reading 68%, grade A-, #345 of 2,144 statewide, top 17%, 664 students, 38% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL) — zoned schools at 45% FRL track the district average.
• Market conditions: Rents rising (+2.0%/yr); 209 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 37% of the median local income ($79k/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 30 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $39k; list at $215k implies a 451% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $211,775 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.12% ✓
• Cap rate: 9.75%
• Cash-on-cash: 12.35%
• DSCR: 1.55
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $228,960
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12501 Ulmerton Rd #51	0.19mi	3/2.0	1,248 (-13%)	2mo	$200,000	$160	68
12501 Ulmerton Rd #6	0.19mi	2/2.0 (-1)	1,488 (+4%)	17mo	$104,000	$70	65

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 · 2.01% rent growth · sell at horizon

5-year hold

• IRR: 0.9%
• Equity multiple: 1.04×
• Total profit: $2,145
• Equity at exit: $32,057

10-year hold

• IRR: 9.6%
• Equity multiple: 1.71×
• Total profit: $42,749
• 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 33774

• Rents YoY: 2.0%
• Active inventory: 209
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,409 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$67 /mo · $799/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$506
• Net cashflow: $619

Break-even live

Break-even rent $1,625

Max offer price $215,000

Occupancy floor 69%

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
2503 Mary Sue St SW Largo, FL	3.0	2.0	1260	$2,211	$1.75	13d	1	0.37mi
12800 Vonn Rd Largo, FL	1.0–2.0	1.0	810	$1,458	$1.80	2d	16	0.44mi
13125 Wilcox Rd Largo, FL	1.0–2.0	1.0–2.0	840	$1,830	$2.18	1d	8	0.44mi
2316 Fulton Way Largo, FL	3.0	2.0	1209	$2,699	$2.23	3d	1	0.46mi
13200 Wilcox Rd Largo, FL	2.0	2.0	932	$1,755	$1.88	3d	2	0.48mi
2200 Gladys St Largo, FL	1.0–2.0	1.0–1.5	677	$1,595	$2.35	24d	1	0.60mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,450	$2.76	21d	1	0.65mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,800	$3.15	24d	1	0.65mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,300	$2.19	7d	1	0.67mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,700	$2.57	24d	1	0.67mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	7d	1	0.68mi
1825 134th Ave Largo, FL	3.0	2.0	1005	$2,200	$2.19	24d	1	0.70mi
11980 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.71mi
11980 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	16d	3	0.71mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	7d	1	0.72mi
11960 133rd Ave Unit 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.72mi
11938 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	16d	1	0.73mi
11938 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.73mi
13584 Twig Ter Largo, FL	3.0	2.0	1278	$4,200	$3.29	4d	1	0.75mi
1884 Pine St Largo, FL	3.0	1.5	1012	$2,499	$2.47	21d	1	0.75mi
12497 136th Ln Largo, FL	3.0	2.0	1350	$2,950	$2.19	24d	1	0.76mi
1830 30th Ln SW Largo, FL	3.0	2.0	1400	$2,725	$1.95	13d	1	0.79mi
11786 126th Ter Largo, FL	4.0	2.0	1242	$2,650	$2.13	20d	1	0.81mi
3381 19th Pl SW Largo, FL	3.0	2.0	1770	$2,950	$1.67	24d	1	0.83mi
3054 Adrian Ave Largo, FL	2.0	1.0	1059	$3,500	$3.31	3d	1	0.84mi
11704 127th Ave Largo, FL	3.0	2.0	1311	$2,345	$1.79	4d	1	0.86mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	3d	1	0.89mi
13300 Walsingham Rd Largo, FL	1.0–4.0	1.0–2.0	1060	$2,182	$2.06	24d	1	0.89mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	24d	1	0.90mi
2402 Dryer Ave Largo, FL	3.0	2.0	1872	$3,000	$1.60	24d	1	0.91mi
1635 Gladys St Unit 2 Largo, FL	3.0	1.0	1194	$1,900	$1.59	7d	1	0.92mi
1635 Gladys St Unit 2 Largo, FL	3.0	1.0	1200	$2,000	$1.67	16d	1	0.92mi
2272 16th Ave SW Unit C Largo, FL	2.0	1.0	1031	$2,600	$2.52	24d	1	0.93mi
3223 Dryer Ave Largo, FL	2.0	1.0	1000	$1,800	$1.80	24d	1	0.98mi
11557 124th Ter Largo, FL	3.0	2.0	1601	$3,495	$2.18	17d	1	1.03mi
13250 Ridge Rd Unit 3B1 Largo, FL	3.0	2.0	1225	$1,975	$1.61	17d	1	1.09mi
9 Jeff Rd Largo, FL	2.0	1.0	964	$2,150	$2.23	4d	1	1.14mi
2317 13th Ave SW Largo, FL	3.0	1.0	1189	$2,309	$1.94	16d	1	1.17mi
14130 Rosemary Ln Largo, FL	2.0	1.5	880	$1,725	$1.96	20d	2	1.18mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	7d	1	1.18mi

Listing history 17 events

1. 2026-06-18
   days on market $215,000 Active 30 DOM
2. 2026-06-17
   days on market $215,000 Active 29 DOM
3. 2026-06-16
   days on market $215,000 Active 28 DOM
4. 2026-06-15
   days on market $215,000 Active 27 DOM
5. 2026-06-13
   days on market $215,000 Active 25 DOM
6. 2026-06-09
   days on market $215,000 Active 21 DOM
7. 2026-06-08
   days on market $215,000 Active 20 DOM
8. 2026-06-07
   days on market $215,000 Active 19 DOM
9. 2026-06-04
   days on market $215,000 Active 16 DOM
10. 2026-06-03
    days on market $215,000 Active 15 DOM
11. 2026-06-01
    days on market $215,000 Active 13 DOM
12. 2026-05-31
    days on market $215,000 Active 12 DOM
13. 2026-05-19
    listed $215,000 Active
14. 2025-11-30
    historical
15. 2025-05-07
    price $213,900
16. 2024-09-23
    listed $214,900 Active
17. 2006-11-01
    soldstatus $39,000

ⓘ 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: $799 · $67/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$986/yr (+$82/mo · 123.4%)

ⓘ 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 ≥107°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: $28,907
• − Mortgage interest: −$12,043
• − Property taxes: −$799
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,313
• − Management: −$2,313
• − Depreciation: −$6,255
• Taxable income: $4,110
• Est. tax owed @ 24.0%: −$986
• After-tax cash flow: $6,446/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 — Ridgecrest

• Score: 72/100
• State rank: #323
• US rank: #5732

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinellas County · 939,478 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 19,799
• Household income: $79,139
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 546.0

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% Black 11% Hispanic / Latino 9% Two or more races 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Hispanic 2%
• Foreign-born: 8% · Canada
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 2% Russian/Polish/Slavic 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: ▼ -383.61%
• Current HPI: 336.629
• Rent YoY: ▲ 2.01%
• 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

+451.3% since first listed

5 events — show timeline

• 2026-05-19 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-07 Price Changed $213,900 Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Listed $214,900 Stellar MLS as Distributed by MLS Grid
• 2006-11-01 Sold (Public Records) $39,000 Public Records

Property tax history

-5.4%/yr

Latest (2025): $799 · +7.7% YoY. Source: county tax records.