2000 E Bay Dr #132 · Largo, FL 33771

$159,000

2 bd · 1.5 ba · 984 sqft · Manufactured public records · 86 Days on market

Built 1966 Est $118k · 35% over $210/mo HOA · 12% 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 +19.9/30.0
• DSCR +6.3/10.0
• 1% rule +6.2/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Virtually Staged. Welcome to effortless, elevated 55+ living—where every detail has already been thoughtfully upgraded for you. This beautifully renovated 2-bedroom, 1.5-bath double-wide sits on a desirable corner lot and truly outshines brand-new models. From the moment you walk in, you’ll notice the bright, open feel, highlighted by stunning quartz countertops throughout, brand-new luxury vinyl plank flooring, and a clean, modern finish from top to bottom. The home features a spacious layout with a walk-in shower, built-in dressers in the bedrooms for added convenience, and an enclosed front Florida room that is now under air—perfect for relaxing year-round. The majority

Key facts

• Quartz countertops
• Renovated
• Walk-in shower

Tags

• CORNER LOT
• RENOVATED
• QUARTZ COUNTERTOPS
• LUXURY VINYL PLANK FLOORING
• WALK-IN SHOWER
• BUILT-IN DRESSERS

Property features AI

Finance

• Other: Furnished; Association requires no separate association2; Third-party listing
• Financial info: Lease restrictions apply
• HOA & community: Community with clubhouse, fitness center and pool; Association recreation owned; Pool included in association amenities; Association covers pool, grounds maintenance, pest control, sewer, trash and water; Buyer approval required; Special community restrictions; Street lights and sidewalks; Golf carts allowed; Senior community; Full-time management; Pets not allowed; Association fee: $210 monthly ($2,520 annually)

Exterior

• Parking: Covered parking; Driveway; Ground-level parking; Workshop in garage; 2-space carport
• Security: Fire alarm; Smoke detectors
• Utilities: Public water; Public sewer; Electricity available and connected; Cable available and connected; High-speed internet available; Phone service available; Sewer connected; Water connected
• Home design: Residential mobile home (double wide); One story; South facing; Completed condition; Grip-accessible features; Entry level: One
• Construction: Metal frame; Metal siding; Vinyl siding; Shingle roof; Crawlspace foundation; Built in 0 (year not provided)
• Exterior features: Awnings; Exterior lighting; Landscaped lot; Near public transit; Sidewalk; Paved road; Private maintained road

Interior

• Kitchen: Microwave; Range; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile; Vinyl
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Electric heating; Ductless heating; Central air; Wall/window unit(s)
• Interior features: Built-in features; Ceiling fans; Dry bar; Living/dining combo; Open floor plan; Pest guard system; Thermostat; Vaulted ceilings; Window treatments
• Laundry & utility: Laundry room; Washer hookup; Electric dryer hookup; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $159k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $149k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.8% 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.
• Zoned schools: Ponce De Leon Elementary School (math 43% / reading 43%, grade F, #1,366 of 2,144 statewide, top 64%, 568 students, 79% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL) — zoned schools average 66% FRL vs 48% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-1.1%/yr); 225 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals leasing fast (median 9d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 36% of the median local income ($60k/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 $5k 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 86 days — a 6% lower offer ($149k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — 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. 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 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: 7.75%
• Cash-on-cash: 5.21%
• DSCR: 1.23
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $118,080
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2000 E Bay Dr #30	0.00mi	2/21.0	1,000 (+2%)	2mo	$120,000	$120	75
2291 E Bay Dr #124	0.32mi	2/2.0	942 (-4%)	9mo	$93,000	$99	68

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: -11.9%
• Equity multiple: 0.58×
• Total profit: $-18,583
• Equity at exit: $23,707

10-year hold

• IRR: -8.5%
• Equity multiple: 0.55×
• Total profit: $-20,125
• Equity at exit: $13,747

Cash invested: $44,520 (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: 225
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,783 high
• Mortgage (P&I): −$834
• Tax from tax record: −$105 /mo · $1,261/yr
• Insurance: −$66
• HOA: −$210
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $193

Break-even live

Break-even rent $1,538

Max offer price $159,000

Occupancy floor 84%

Sensitivity live

Price	-10% $283	-5% $238	+0% $193	+5% $148	+10% $103
Rent	-10% $52	-5% $123	+0% $193	+5% $264	+10% $334
Rate	-1.0pp $273	-0.5pp $234	base $193	+0.5pp $152	+1.0pp $110

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,810	$1.99	3d	35	0.15mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$2,160	$1.97	4d	11	0.26mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	23d	1	0.31mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	21d	1	0.31mi
2045 E Bay Dr Largo, FL	1.0–2.0	1.0–2.0	1114	$1,830	$1.64	3d	15	0.31mi
600 Starkey Rd Largo, FL	1.0–3.0	1.0–2.0	982	$1,774	$1.81	4d	21	0.42mi
2505 E Bay Dr Lot 77 Largo, FL	2.0	1.5	1080	$1,395	$1.29	21d	1	0.50mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	5d	1	0.62mi
3022 Meadow Lake Ave Largo, FL	2.0	1.0	900	$1,450	$1.61	5d	1	0.76mi
3022 Meadow Lake Ave Largo, FL	2.0	1.0	900	$1,450	$1.61	12d	1	0.76mi
199 Fulton St NE Unit 4 Largo, FL	2.0	1.0	760	$1,600	$2.11	15d	1	0.80mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	4d	1	0.80mi
636 Lake Palms Dr Unit Stylish Largo, FL	3.0	2.0	1000	$2,200	$2.20	25d	1	0.84mi
636 Lake Palms Dr Unit Stylish Largo, FL	2.0	2.0	870	$2,000	$2.30	5d	1	0.84mi
3073 Pine Tree Ave Largo, FL	2.0	1.0	825	$1,350	$1.64	25d	1	0.85mi
1845 S Highland Ave Clearwater, FL	2.0	2.0	904	$1,525	$1.69	4d	2	0.87mi
3135 Pine Tree Ave Unit A Largo, FL	2.0	1.0	923	$1,395	$1.51	23d	1	0.88mi
3135 Pine Tree Ave Largo, FL	2.0	1.0	923	$1,395	$1.51	12d	1	0.88mi
3377 Sherwood Dr Unit A Largo, FL	2.0	1.0	1064	$1,650	$1.55	9d	1	0.90mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	16d	1	0.93mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	25d	1	0.93mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	12d	1	0.94mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,830	$1.54	3d	38	0.95mi
301 Seacrest Dr Largo, FL	1.0–2.0	1.0–1.5	975	$1,625	$1.67	23d	1	0.97mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,879	$2.21	3d	31	1.02mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$2,615	$2.65	3d	189	1.03mi
779 34th St SE Unit 1319966P Largo, FL	2.0	1.0	990	$2,941	$2.97	9d	1	1.13mi
1517 16th Cir SE Largo, FL	1.0	1.0	625	$1,250	$2.00	5d	1	1.21mi
500 Belcher Rd S #18 Largo, FL	1.0	1.0	637	$1,500	$2.35	4d	1	1.23mi
2871 S Pines Dr #24 Largo, FL	2.0	1.5	1048	$1,800	$1.72	25d	1	1.28mi
1653 Bravo Dr Clearwater, FL	1.0	1.0	850	$2,200	$2.59	5d	1	1.36mi
157 2nd Ave SW Unit A Largo, FL	2.0	1.0	678	$1,600	$2.36	25d	1	1.43mi
4215 E Bay Dr Clearwater, FL	1.0	1.0	575	$1,775	$3.09	19d	3	1.48mi
4215 E Bay Dr Clearwater, FL	1.0	1.0	535	$2,300	$4.30	9d	4	1.48mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$1,870	$1.75	3d	1	1.49mi
3331 Whispering Dr N Largo, FL	2.0	2.0	1053	$2,190	$2.08	25d	1	1.50mi

HOA detail

• Monthly dues: $210 · $2,520/yr

Listing history 13 events

1. 2026-06-18
   days on market $159,000 Active 86 DOM
2. 2026-06-17
   days on market $159,000 Active 85 DOM
3. 2026-06-16
   days on market $159,000 Active 84 DOM
4. 2026-06-15
   days on market $159,000 Active 83 DOM
5. 2026-06-13
   days on market $159,000 Active 81 DOM
6. 2026-06-09
   days on market $159,000 Active 77 DOM
7. 2026-06-08
   days on market $159,000 Active 76 DOM
8. 2026-06-07
   days on market $159,000 Active 75 DOM
9. 2026-06-04
   days on market $159,000 Active 72 DOM
10. 2026-06-03
    days on market $159,000 Active 71 DOM
11. 2026-06-01
    days on market $159,000 Active 69 DOM
12. 2026-05-31
    days on market $159,000 Active 68 DOM
13. 2026-03-24
    listed $159,000 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: $1,261 · $105/mo
• Projected year-2 tax: $1,320 · $110/mo
• Expected delta: +$59/yr (+$5/mo · 4.7%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥108°F today · 22 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: $21,393
• − Mortgage interest: −$8,906
• − Property taxes: −$1,261
• − Insurance: −$795
• − Repairs & maintenance: −$1,711
• − Management: −$1,711
• − HOA: −$2,520
• − Depreciation: −$4,625
• Taxable loss: −$138
• Est. tax savings @ 24.0%: +$33
• After-tax cash flow: $2,352/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

1 event — show timeline

• 2026-03-24 Listed $159,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.3%/yr

Latest (2025): $1,261 · +8.0% YoY. Source: county tax records.