3301 Alt 19 #314 · Palm Harbor, FL 34698

$148,000

2 bd · 2.0 ba · 1,032 sqft · Manufactured · 411 Days on market

Built 1972 350 sqft lot Est $150k · at est. $12/mo HOA · 1% of rent ↓ 8% since listing

---

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 +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +8.0/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Spacious home in great location! This two-bedroom two bath unit has airy rooms and tons of storage space. The south facing Florida room has large windows and is great for entertaining friends and neighbors. The living room/dining room area has plenty of space for creating lasting family memories. The kitchen features matched appliances and tons of cabinet space. The main bathroom has a shower with an updated vanity. The second bedroom is set up as an office but can easily be converted into a comfortable living space. The main bedroom has unique built-in storage cabinets and an en-suite bathroom. Laminate flooring throughout. The workshop that is in the outside shed has a workbench and a wa

Key facts

• Matched appliances
• Florida room
• Updated vanity

Tags

• FLORIDA ROOM
• MATCHED APPLIANCES
• UPDATED VANITY
• BUILT-IN STORAGE CABINETS

Property features AI

Finance

• Other: Total lot roughly 0.08 acres; Living area approximately 1,032 square feet; Building area approximately 1,903 square feet; Unit faces south; Community located on Alt 19N between Curlew and Tampa Road (entry via Jeter Street, Palm Harbor)
• Financial info: Lease restrictions apply
• HOA & community: Has HOA; annual fee $150 (required), about $12.50/month; Association approval required; Senior community; No pets allowed; Street lights in community; Association contact: Joseph Cvach

Exterior

• Parking: Carport (1 space)
• Utilities: Cable available and connected; High-speed internet available; Electricity available and connected; Water available and connected; Private sewer (sewer available and connected); Underground utilities
• Home design: Residential mobile home (double wide); Single-story; South-facing; Homestead exempt
• Construction: Vinyl siding; Metal roof; Pillar/post/pier foundation; Built on site as double wide
• Exterior features: Private mailbox; Rain gutters; Shade shutters; Asphalt road access

Interior

• Kitchen: Built-in oven; Dishwasher; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Separate laundry room; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $148k.

Deal economics

• At list price, monthly cash flow is $548 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $130k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 3.1% in Palm Harbor — 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 81/100 on livability (#95 in FL, #1,470 nationally) — a professional / high-income tenant draw. Strengths: schools A+, housing A+, commute A; Watch: 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 rising (+2.7%/yr); 478 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 ($74k/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 $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.
• At projected returns (-3.0% appreciation + 2.7% rent growth), your $41k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 411 days — a 12% lower offer ($130k) is reasonable based on typical stale-listing flexibility.

Recommended offer $130,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 411 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 1972 — 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 1.35% ✓
• Cap rate: 10.74%
• Cash-on-cash: 15.87%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $149,640
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3301 Alt 19 #252	0.32mi	2/2.0	1,176 (+14%)	17mo	$160,000	$136	47
3301 Alt 19 #356	0.32mi	2/2.0	1,176 (+14%)	18mo	$170,000	$145	47

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 · 2.69% rent growth · sell at horizon

5-year hold

• IRR: 6.4%
• Equity multiple: 1.25×
• Total profit: $10,329
• Equity at exit: $22,067

10-year hold

• IRR: 15.5%
• Equity multiple: 2.24×
• Total profit: $51,542
• Equity at exit: $12,796

Cash invested: $41,440 (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 34698

• Rents YoY: 2.7%
• Active inventory: 478
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $2,003 high
• Mortgage (P&I): −$776
• Tax est. 1.5%: −$185 /mo · $2,220/yr
• Insurance: −$62
• HOA: −$12
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $548

Break-even live

Break-even rent $1,310

Max offer price $148,000

Occupancy floor 68%

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: $37,000
• Closing costs: $4,440
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3301 U.S. 19 Alternate Unit 611 Dunedin, FL	2.0	2.0	944	$1,700	$1.80	2d	1	0.03mi
795 1st St Unit 181 Palm Harbor, FL	2.0	2.0	1400	$1,750	$1.25	18d	1	0.29mi
333 Lagoon Dr Unit 5 Palm Harbor, FL	2.0	1.0	811	$1,550	$1.91	18d	1	0.45mi
2700 Bayshore Blvd Dunedin, FL	1.0–3.0	1.0–2.5	1114	$2,772	$2.49	4d	8	0.55mi
Bayshore Blvd Palm Harbor, FL	1.0	1.0	700	$1,325	$1.89	24d	1	0.58mi
1450 Mahogany Ln Palm Harbor, FL	2.0	2.0	1353	$2,300	$1.70	24d	1	0.61mi
1697 Nantucket Ct Palm Harbor, FL	1.0–3.0	1.0–3.0	997	$1,836	$1.84	2d	26	0.64mi
182 Margie St Palm Harbor, FL	2.0	1.0	800	$1,495	$1.87	24d	1	0.66mi
444 N Paula Dr Dunedin, FL	1.0–2.0	1.0–2.0	750	$1,770	$2.36	2d	9	0.76mi
2651 Michael Pl #104 Dunedin, FL	2.0	2.0	1230	$2,100	$1.71	3d	1	0.81mi
455 Alt 19 S #123 Palm Harbor, FL	2.0	2.0	898	$1,700	$1.89	24d	1	0.81mi
455 Alt 19 S #214 Palm Harbor, FL	1.0	1.0	705	$1,650	$2.34	24d	1	0.81mi
455 Alt 19 S #87 Palm Harbor, FL	2.0	2.0	898	$1,600	$1.78	24d	1	0.81mi
455 Alt 19 S #54 Palm Harbor, FL	2.0	2.0	898	$1,600	$1.78	4d	1	0.81mi
455 Alt 19 S #65 Palm Harbor, FL	1.0	1.0	705	$1,425	$2.02	24d	1	0.81mi
464 N Paula Dr Dunedin, FL	1.0	1.0	704	$2,125	$3.02	18d	2	0.84mi
464 N Paula Dr Dunedin, FL	1.0	1.0	704	$2,225	$3.16	4d	1	0.84mi
300 Woodette Dr Unit 404B Dunedin, FL	2.0	2.0	1180	$2,975	$2.52	4d	1	0.99mi
300 Woodette Dr #303 Dunedin, FL	1.0	1.0	720	$2,100	$2.92	2d	1	0.99mi
300 Woodette Dr Unit 605A Dunedin, FL	2.0	2.0	1375	$2,300	$1.67	24d	1	0.99mi
2494 Del Rio Way Dunedin, FL	3.0	1.5	1058	$3,200	$3.02	24d	1	1.00mi
439 S Paula Dr Dunedin, FL	1.0–2.0	1.0	612	$1,995	$3.26	24d	3	1.01mi
2489 Del Rio Way Dunedin, FL	2.0	2.0	1250	$2,500	$2.00	24d	1	1.02mi
433 S Paula Dr #17 Dunedin, FL	2.0	2.5	1290	$2,300	$1.78	7d	1	1.04mi
2491 Coronado Way Dunedin, FL	3.0	2.0	1346	$2,950	$2.19	4d	1	1.04mi
2233 Snead Ave Dunedin, FL	3.0	2.0	1284	$3,000	$2.34	24d	1	1.11mi
2233 Snead Ave Dunedin, FL	3.0	2.0	1284	$3,000	$2.34	16d	1	1.11mi
1328 Illinois Ave Palm Harbor, FL	2.0	1.5	1000	$1,700	$1.70	24d	1	1.17mi

HOA detail

• Monthly dues: $12 · $144/yr

Listing history 14 events

1. 2026-06-18
   days on market $148,000 Active 411 DOM
2. 2026-06-17
   days on market $148,000 Active 410 DOM
3. 2026-06-16
   days on market $148,000 Active 409 DOM
4. 2026-06-15
   days on market $148,000 Active 408 DOM
5. 2026-06-13
   days on market $148,000 Active 406 DOM
6. 2026-06-09
   days on market $148,000 Active 402 DOM
7. 2026-06-08
   days on market $148,000 Active 401 DOM
8. 2026-06-07
   days on market $148,000 Active 400 DOM
9. 2026-06-04
   days on market $148,000 Active 397 DOM
10. 2026-06-03
    days on market $148,000 Active 396 DOM
11. 2026-06-01
    days on market $148,000 Active 394 DOM
12. 2026-05-31
    days on market $148,000 Active 393 DOM
13. 2026-02-07
    price $148,000
14. 2025-05-03
    listed $160,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $24,041
• − Mortgage interest: −$8,290
• − Property taxes: −$2,220
• − Insurance: −$740
• − Repairs & maintenance: −$1,923
• − Management: −$1,923
• − HOA: −$144
• − Depreciation: −$4,305
• Taxable income: $4,495
• Est. tax owed @ 24.0%: −$1,079
• After-tax cash flow: $5,496/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 — Palm Harbor

• Score: 81/100
• State rank: #95
• US rank: #1470

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Harbor, FL
• County: Pinellas County · 939,478 people
• City population: 79,072
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 38,171
• Household income: $74,078
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 1390.0

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 (83%)
• Race & ethnicity: White 83% Two or more races 7% Hispanic / Latino 6% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Slovak 3% Romanian 3%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 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: ▼ -515.66%
• Current HPI: 387.4694
• Rent YoY: ▲ 2.69%
• 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

-7.5% since first listed

2 events — show timeline

• 2026-02-07 Price Changed $148,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-03 Listed $160,000 Stellar MLS as Distributed by MLS Grid