1825 Welland Dr · Largo, FL 33756

$430,000

4 bd · 3.0 ba · 2,247 sqft · SingleFamily public records · 154 Days on market

Built 1960 8,255 sqft lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• DSCR +4.6/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• 1% rule +3.8/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

Key facts

• In-law suite
• Large bonus room
• Brand new floors

Tags

• UPDATED KITCHEN
• GRANITE COUNTERTOPS
• BRAND NEW CABINETS
• BRAND NEW FLOORS
• LARGE BONUS ROOM
• IN-LAW SUITE

Property features AI

Finance

• Other: Homestead exemption; Lot approximately 0.19 acres (80 x 103); Living area about 2,247 sq ft

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single family residence; One-story; Faces west
• Construction: Stucco exterior; Shingle roof; Slab foundation; Built on one level
• Exterior features: Private mailbox; Rain gutters; Paved road access

Interior

• Kitchen: Dishwasher; Range hood; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Vaulted ceilings; Wood-burning fireplace; Bonus room; Interior in-law suite (no private entry)
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $430k.

Deal economics

• At list price, monthly cash flow is $134 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $379k (11.9% below list).
• Recommended offer: $378k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.3% 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 Middle School (math 38% / reading 35%, grade F, #405 of 571 statewide, top 72%, 882 students, 66% 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 (-2.2%/yr); 366 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,788/mo this rent would consume 73% of the median local household income ($62k/yr) (locally 1868% 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 $3k of loan paydown is wiped out by about $13k 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 154 days — a 12% lower offer ($378k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 6y ago; this cycle's ask has dropped $110k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $312k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $378,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 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 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
6. 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.
7. 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.
8. 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: 0.88% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.34%
• DSCR: 1.06
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.5%
• Equity multiple: 0.40×
• Total profit: $-72,259
• Equity at exit: $64,114

10-year hold

• IRR: -16.2%
• Equity multiple: 0.21×
• Total profit: $-94,886
• Equity at exit: $37,179

Cash invested: $120,400 (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 33756

• Rents YoY: -2.2%
• Active inventory: 366
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $3,788 high
• Mortgage (P&I): −$2,255
• Tax from tax record: −$424 /mo · $5,094/yr
• Insurance: −$179
• HOA: −$0
• Vacancy / Maint / Mgmt: −$796
• Net cashflow: $134

Break-even live

Break-even rent $3,619

Max offer price $430,000

Occupancy floor 91%

Sensitivity live

Price	-10% $377	-5% $256	+0% $134	+5% $12	+10% $-109
Rent	-10% $-165	-5% $-16	+0% $134	+5% $284	+10% $433
Rate	-1.0pp $351	-0.5pp $243	base $134	+0.5pp $23	+1.0pp $-91

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: $107,500
• Closing costs: $12,900
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1812 Lady Mary Dr Clearwater, FL	3.0	2.0	1531	$2,800	$1.83	5d	1	0.03mi
1441 Alexander Way Clearwater, FL	4.0	3.0	2885	$1,400	$0.49	6d	1	0.17mi
1354 Chesterfield Dr Unit 1039504P Clearwater, FL	4.0	2.0	1840	$6,203	$3.37	0d	1	0.18mi
1773 Eaton Dr Unit 1032113P Clearwater, FL	3.0	2.0	1991	$5,853	$2.94	0d	1	0.22mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$2,255	$1.89	0d	36	0.29mi
1310 Bayview Dr Clearwater, FL	3.0	2.0	1500	$3,300	$2.20	26d	1	0.51mi
709 Highland Ave N Largo, FL	3.0	3.0	1884	$2,995	$1.59	6d	1	0.60mi
1596 Idle Dr NE Unit 1379462P Clearwater, FL	4.0	2.0	1776	$5,136	$2.89	0d	1	0.62mi
1342 Belleair Rd Clearwater, FL	4.0	2.0	1695	$2,845	$1.68	22d	1	0.63mi
1588 Eunice Ln Clearwater, FL	4.0	2.0	1780	$2,681	$1.51	0d	1	0.68mi
1679 Leisure Dr Clearwater, FL	3.0	2.0	1497	$3,200	$2.14	4d	1	0.83mi
1526 Caldera Ct Clearwater, FL	3.0	2.5	1816	$2,900	$1.60	16d	1	0.87mi
1446 S Hillcrest Ave Clearwater, FL	3.0	2.0	2158	$3,300	$1.53	0d	1	0.92mi
802 Embassy Rd Largo, FL	4.0	2.0	2225	$3,499	$1.57	6d	1	0.94mi
1429 S Evergreen Ave Clearwater, FL	4.0	2.0	1782	$2,731	$1.53	0d	1	1.00mi
897 Imperial Dr Unit 1244950P Largo, FL	4.0	3.0	1646	$6,454	$3.92	0d	1	1.05mi
1006 14th Ave NW Largo, FL	3.0	2.0	1444	$2,450	$1.70	26d	1	1.07mi
1500 Laurel Cir Clearwater, FL	3.0	2.0	1530	$2,650	$1.73	6d	1	1.15mi
620 Petit Way Unit 1060749P Largo, FL	3.0	3.0	2411	$5,656	$2.35	0d	1	1.27mi
623 Petit Way Largo, FL	3.0	3.0	2420	$7,500	$3.10	5d	1	1.28mi
1899 Oak Park Dr S Unit 1524599P Clearwater, FL	4.0	3.0	1948	$11,612	$5.96	23d	1	1.41mi
1842 Del Robles Dr Unit 1502698P Clearwater, FL	5.0	3.0	2077	$12,988	$6.25	25d	1	1.41mi

Listing history 33 events

1. 2026-05-05
   status Pending
2. 2026-05-05
   price $430,000
3. 2026-05-01
   price $400,000
4. 2026-04-21
   status Active
5. 2026-04-15
   status Pending
6. 2026-04-13
   price $440,000
7. 2026-04-09
   status Active
8. 2026-04-04
   status Pending
9. 2026-04-01
   status Active
10. 2026-03-19
    status Pending
11. 2026-03-18
    status Active
12. 2026-03-15
    status Pending
13. 2026-03-13
    price $450,000
14. 2026-02-23
    price $480,000
15. 2026-02-12
    price $499,000
16. 2026-01-06
    price $520,000
17. 2025-11-07
    listed $540,000 Active
18. 2025-08-26
    historical
19. 2025-08-08
    price $499,990
20. 2025-07-18
    price $525,000
21. 2025-07-09
    price $540,000
22. 2025-06-18
    listed $550,000 Active
23. 2020-06-18
    soldstatus $312,000
24. 2020-06-16
    soldstatus $312,000 Sold 483-char remark

    Show marketing remark (483 chars)

    This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

25. 2020-05-09
    status Pending 483-char remark

    Show marketing remark (483 chars)

    This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

26. 2020-04-24
    price $315,000 483-char remark

    Show marketing remark (483 chars)

    This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

27. 2020-04-18
    status Active 483-char remark

    Show marketing remark (483 chars)

    This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

28. 2020-03-18
    status Pending 483-char remark

    Show marketing remark (483 chars)

    This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

29. 2020-03-09
    price $333,000 483-char remark

    Show marketing remark (483 chars)

    This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

30. 2020-02-07
    listed $345,000 Active 483-char remark

    Show marketing remark (483 chars)

    This beautifully renovated home is located just minutes from the number one beach in the United States! This split floor plan ranch style home gives you 2,247 square feet of living space. When you walk in, you notice the vaulted ceilings, wood-burning fireplace and extravangantly remodeled kitchen with skylight! Four bedrooms total with a master suite and an additional bedroom with ensuite bathroom that has hand rails for assistance. Large family and dining room as well!

31. 1995-04-17
    soldstatus $92,000
32. 1990-07-25
    soldstatus $30,000
33. 1990-06-29
    soldstatus $15,000

ⓘ 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: $5,094 · $424/mo
• Projected year-2 tax: $5,094 · $424/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $45,457
• − Mortgage interest: −$24,087
• − Property taxes: −$5,094
• − Insurance: −$2,150
• − Repairs & maintenance: −$3,637
• − Management: −$3,637
• − Depreciation: −$12,509
• Taxable loss: −$5,656
• Est. tax savings @ 24.0%: +$1,357
• After-tax cash flow: $2,965/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): 32,201
• Household income: $61,872
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1868.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Black 11% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 16% · Canada
• Languages at home: 79% English-only · Spanish 14% 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: ▼ -438.74%
• Current HPI: 354.6792
• Rent YoY: ▼ -2.22%
• 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

+2766.7% since first listed

33 events — show timeline

• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $430,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $400,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Price Changed $440,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Price Changed $450,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-23 Price Changed $480,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Price Changed $499,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Price Changed $520,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Listed $540,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-08 Price Changed $499,990 Stellar MLS as Distributed by MLS Grid
• 2025-07-18 Price Changed $525,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-09 Price Changed $540,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-18 Listed $550,000 Stellar MLS as Distributed by MLS Grid
• 2020-06-18 Sold (Public Records) $312,000 Public Records
• 2020-06-16 Sold (MLS) $312,000 Stellar MLS as Distributed by MLS Grid
• 2020-05-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-04-24 Price Changed $315,000 Stellar MLS as Distributed by MLS Grid
• 2020-04-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2020-03-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-03-09 Price Changed $333,000 Stellar MLS as Distributed by MLS Grid
• 2020-02-07 Listed $345,000 Stellar MLS as Distributed by MLS Grid
• 1995-04-17 Sold (Public Records) $92,000 Public Records
• 1990-07-25 Sold (Public Records) $30,000 Public Records
• 1990-06-29 Sold (Public Records) $15,000 Public Records

Property tax history

+7.6%/yr

Latest (2025): $5,094 · +5.6% YoY. Source: county tax records.