7701 Starkey Rd #504 · Bardmoor, FL 33777

$129,999

2 bd · 1.0 ba · 820 sqft · Condo public records · 391 Days on market

Built 1978 $458/mo HOA · 24% of rent ↓ 16% since listing

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Why this score? — see what drove the C+ 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 +24.0/30.0
• 1% rule +9.5/10.0
• DSCR +7.7/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Lovely laminate flooring, light and bright second floor condo. 2 Bedrooms, 1 bath with walk in shower. Closed in Florida Room with sliding windows. The stairway to entrance is split so easy walk up with a landing to entrance. Assigned parking space close to entrance. Short walk to 3 laundry rooms. Each laundry has 6 washers and 6 dryers. The community boasts 2 solar heated pools. When air temperature reached 70 degrees the pools are covered to retain water temperature. There are pickleball, tennis, and shuffle courts available. The pools have large tile shower areas and access to bathrooms. The community has a well-appointed clubhouse with a party hosting area with a complete kitchen for en

Key facts

• Pickleball courts
• Solar heated pools
• Florida room

Tags

• FLORIDA ROOM
• ASSIGNED PARKING SPACE
• SOLAR HEATED POOLS
• PICKLEBALL COURTS
• TENNIS COURTS
• SHUFFLE COURTS

Property features AI

Finance

• Other: Community features: association-owned recreation, community mailbox, sidewalks, street lights; Directions: Park Blvd West, north on Starkey Rd to community entrance
• Financial info: Total monthly fees $458; total annual fees $5,496; Lease restrictions apply
• HOA & community: Monthly condo fee $458; Association dues include cable, internet, insurance, maintenance (structure & grounds), management, private road maintenance, security, sewer, trash, water, escrow reserves and fidelity bond; Association amenities: clubhouse, pool, laundry, pick-up pickleball and tennis courts, shuffleboard, cable TV, security; Buyer approval required; Senior community; Pets not allowed; Association contact: Kerry Laughlin

Exterior

• Parking: Assigned parking; Guest parking
• Security: Community security
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Underground utilities; Water connected; Fire hydrant nearby
• Home design: Condominium (attached); Two-story building; unit on 2nd floor; Faces north
• Construction: Block, stucco and frame construction; Built-up roof; Slab foundation; Building number 24
• Exterior features: Enclosed porch / Florida room; Rear porch; Outdoor lighting; Outdoor grill; Outdoor shower; Rain gutters; Sidewalk; Tennis court(s); Vinyl fencing

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 1 full bathroom; Outside bath access (pool)
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Formal dining area; Double-pane windows; Sliding doors
• Laundry & utility: Laundry room; Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.5% in Bardmoor — 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 79/100 on livability (#141 in FL, #2,118 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, employment A+; Watch: schools 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 flat; 192 active listings in the ZIP; 31 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 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 391 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,399 (12.0% below list)

Questions for the listing agent

1. It's been on market 391 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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 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: 1.45% ✓
• Cap rate: 8.64%
• Cash-on-cash: 8.38%
• DSCR: 1.37
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.41% rent growth · sell at horizon

5-year hold

• IRR: -7.2%
• Equity multiple: 0.74×
• Total profit: $-9,409
• Equity at exit: $19,383

10-year hold

• IRR: -2.4%
• Equity multiple: 0.86×
• Total profit: $-4,992
• Equity at exit: $11,240

Cash invested: $36,400 (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 33777

• Rents YoY: 0.4%
• Active inventory: 192
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$682
• Tax from tax record: −$37 /mo · $439/yr
• Insurance: −$54
• HOA: −$458
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $254

Break-even live

Break-even rent $1,558

Max offer price $129,999

Occupancy floor 81%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7701 Starkey Rd Largo, FL	1.0	1.0	615	$1,600	$2.60	14d	5	0.07mi
8892 79th Pl Seminole, FL	3.0	1.0	912	$2,600	$2.85	4d	1	0.20mi
7770 Starkey Rd Seminole, FL	2.0	1.0	1035	$1,538	$1.49	1d	4	0.23mi
9295 Starkey Rd Seminole, FL	3.0	1.0	984	$1,950	$1.98	24d	1	1.03mi
8096 Rose Ter Seminole, FL	3.0	2.0	980	$2,000	$2.04	17d	1	1.07mi
8574 94th Ave Seminole, FL	3.0	1.0	840	$2,000	$2.38	4d	1	1.07mi
8574 94th Ave Seminole, FL	3.0	1.0	840	$2,000	$2.38	7d	1	1.07mi
9319 91st Ter Seminole, FL	3.0	2.0	952	$2,549	$2.68	24d	1	1.08mi
9435 Lynn Ln Unit B Seminole, FL	2.0	1.0	960	$1,495	$1.56	24d	1	1.21mi
8800 Bardmoor Blvd Seminole, FL	1.0–2.0	1.5–2.5	1045	$1,950	$1.87	12d	2	1.24mi
2103 Cordova Grn Unit 2103 Seminole, FL	1.0	1.0	775	$1,500	$1.94	24d	1	1.24mi
8372 Candlewood Rd Seminole, FL	1.0	1.0	850	$1,650	$1.94	24d	1	1.25mi
8703 Bardmoor Blvd #201 Seminole, FL	2.0	2.0	1075	$3,000	$2.79	24d	1	1.28mi
9563 Lynn Ln Seminole, FL	2.0	1.0	960	$1,495	$1.56	16d	1	1.28mi
8304 Bardmoor Blvd #104 Seminole, FL	1.0	1.0	700	$1,599	$2.28	4d	1	1.29mi
5980 80th St N #205 St Petersburg, FL	2.0	2.0	1100	$1,950	$1.77	4d	1	1.30mi
9860 62nd Ter N #1048 Saint Petersburg, FL	2.0	2.0	1020	$1,750	$1.72	24d	1	1.32mi
9700 Starkey Rd #322 Seminole, FL	1.0	1.0	700	$1,499	$2.14	21d	1	1.33mi
5750 80th St N St Petersburg, FL	1.0–2.0	1.0–1.5	987	$1,800	$1.82	24d	2	1.35mi
10032 65th Ave N #24 Saint Petersburg, FL	2.0	2.0	1010	$1,650	$1.63	24d	1	1.36mi
9950 62nd Ter N #305 Saint Petersburg, FL	2.0	2.0	1120	$1,450	$1.29	24d	1	1.37mi
10405 Addison Way Seminole, FL	1.0–3.0	1.0–2.0	1133	$2,351	$2.08	2d	18	1.37mi
10037 62nd Ter St. Petersburg, FL	1.0	1.0	790	$1,500	$1.90	24d	1	1.39mi
10037 62nd Ter N #15 Saint Petersburg, FL	2.0	1.0	790	$1,400	$1.77	17d	1	1.39mi
10036 63rd Ave N #23 Saint Petersburg, FL	2.0	1.0	1010	$1,550	$1.53	16d	1	1.39mi
10035 63rd Ave N #18 Saint Petersburg, FL	2.0	1.0	1010	$2,125	$2.10	24d	1	1.39mi
5725 80th St N #210 Saint Petersburg, FL	2.0	2.0	1125	$1,900	$1.69	24d	1	1.39mi
10038 62nd Ter N #17 Saint Petersburg, FL	2.0	1.0	1010	$1,400	$1.39	2d	1	1.41mi
5530 80th St N Unit C204 Saint Petersburg, FL	1.0	1.0	880	$1,450	$1.65	24d	1	1.48mi
8303 Bardmoor Blvd Seminole, FL	2.0	1.0	880	$1,850	$2.10	12d	1	1.49mi
6468 Bonnie Bay Cir N Pinellas Park, FL	2.0	2.0	970	$1,800	$1.86	14d	1	1.49mi

HOA detail condo

• Monthly dues: $458 · $5,496/yr
• Likely covers: waterpoolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-06-18
   days on market $129,999 Active 391 DOM
2. 2026-06-17
   days on market $129,999 Active 390 DOM
3. 2026-06-16
   days on market $129,999 Active 389 DOM
4. 2026-06-15
   days on market $129,999 Active 388 DOM
5. 2026-06-13
   days on market $129,999 Active 386 DOM
6. 2026-06-09
   days on market $129,999 Active 382 DOM
7. 2026-06-08
   days on market $129,999 Active 381 DOM
8. 2026-06-07
   days on market $129,999 Active 380 DOM
9. 2026-06-04
   days on market $129,999 Active 377 DOM
10. 2026-06-03
    days on market $129,999 Active 376 DOM
11. 2026-06-01
    days on market $129,999 Active 374 DOM
12. 2026-05-31
    days on market $129,999 Active 373 DOM
13. 2025-11-18
    price $129,999
14. 2025-08-29
    price $150,000
15. 2025-05-23
    listed $154,000 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: $439 · $37/mo
• Projected year-2 tax: $1,079 · $90/mo
• Expected delta: +$640/yr (+$53/mo · 145.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 57% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,554
• − Mortgage interest: −$7,282
• − Property taxes: −$439
• − Insurance: −$650
• − Repairs & maintenance: −$1,804
• − Management: −$1,804
• − HOA: −$5,496
• − Depreciation: −$3,782
• Taxable income: $1,297
• Est. tax owed @ 24.0%: −$311
• After-tax cash flow: $2,741/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 — Bardmoor

• Score: 79/100
• State rank: #141
• US rank: #2118

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bardmoor, FL
• County: Pinellas County · 939,478 people
• City population: 18,276
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 18,582
• Household income: $86,375
• Rent vs Own: 14.6% rent · 85.4% own
• Severe rent burden: 295.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 12% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Slovak 3% Romanian 3% Lithuanian 3%
• Foreign-born: 12% · Canada, China, South Korea
• Languages at home: 85% English-only · Spanish 9% Russian/Polish/Slavic 2% Vietnamese 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: ▼ -434.44%
• Current HPI: 306.9614
• Rent YoY: ▲ 0.41%
• 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

-15.6% since first listed

3 events — show timeline

• 2025-11-18 Price Changed $129,999 Stellar MLS as Distributed by MLS Grid
• 2025-08-29 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-23 Listed $154,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-4.9%/yr

Latest (2025): $439 · +6.5% YoY. Source: county tax records.