18675 US Highway 19 N #132 · Clearwater, FL 33764

$119,950

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 163 Days on market

Built 1967 1,000 sqft lot $360/mo HOA · 18% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home has so much potential. It has a large living room, dining room, kitchen all open and the Florida room is just off of it giving a nice bright sunny area as well. The bath has two sinks which is always nice. The two bedrooms are separated by the bath. There are three patio areas for outdoor living. The measurements are 11x18, 10x8, and 12x10. Great space all under the roof. This will make a great Florida retreat for some lucky couple. Better hurry, this won't last. This is cottage style living in Clearwater’s premiere 55+ waterfront community. There are endless activities to get to meet your neighbors – cards, a wonderful art group, golf groups, bowling, shuffleboard, dinners, dances or head to the pool or hot tub. A low $320. maintenance fee pays for water, sewer, trash pickup, lawn cutting and on site management. Sorry no dogs are allowed.

Key facts

• Elegantly remodeled
• Waterfront community
• Chef's kitchen

Tags

• WATERFRONT COMMUNITY
• ELEGANTLY REMODELED
• SPACIOUS SCREENED FLORIDA ROOM
• CUSTOM BUILT HOME FEATURES
• CHEF'S KITCHEN
• NEW ROOF

Property features AI

Finance

• Other: Total acreage less than 1/4 acre (approx. 0.05 acres)
• Financial info: Lease restrictions apply
• HOA & community: Ameritech association with required monthly fee of $360 (association approval required); Senior community; Pets allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Water connected; Sewer connected; Sprinkler recycled
• Home design: Residential single-wide mobile home; One story; North-facing
• Construction: Vinyl siding; Frame construction; Membrane roof; Crawlspace foundation; Built area approximately 672 square feet
• Exterior features: Exterior lighting; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump; Mini-split cooling units
• Interior features: Ceiling fans; Open floor plan
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $52 ($619/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 3.0% in Clearwater — 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 (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, employment C-.
• 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 falling (-5.2%/yr); 262 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 35% of the median local income ($67k/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 $830 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 163 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $41k; list at $120k implies a 193% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $105,556 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 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 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 1.65% ✓
• Cap rate: 11.08%
• Cash-on-cash: 17.08%
• DSCR: 1.76
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $49,728
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18675 US Highway 19 N #134	0.00mi	1/1.0 (-1)	576 (-14%)	2mo	$42,500	$74	70

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: -19.2%
• Equity multiple: 0.36×
• Total profit: $-21,503
• Equity at exit: $17,885

10-year hold

• IRR: -32.1%
• Equity multiple: -0.04×
• Total profit: $-35,090
• Equity at exit: $10,371

Cash invested: $33,586 (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 33764

• Rents YoY: -5.2%
• Active inventory: 262
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,980 high
• Mortgage (P&I): −$629
• Tax from tax record: −$47 /mo · $566/yr
• Insurance: −$50
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$360
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $52

Break-even live

Break-even rent $1,915

Max offer price $119,950

Occupancy floor 92%

Sensitivity live

Price	-10% $120	-5% $86	+0% $52	+5% $18	+10% $-16
Rent	-10% $-105	-5% $-27	+0% $52	+5% $130	+10% $208
Rate	-1.0pp $112	-0.5pp $82	base $52	+0.5pp $21	+1.0pp $-11

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: $29,988
• Closing costs: $3,598
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19135 US Highway 19 N Clearwater, FL	1.0–4.0	1.0–2.5	1139	$1,849	$1.62	3d	30	0.27mi
1551 Flournoy Cir W Clearwater, FL	1.0–3.0	1.0–2.0	916	$2,086	$2.28	3d	32	0.32mi
2501 Harn Blvd Unit H27 Clearwater, FL	1.0	1.0	500	$1,300	$2.60	25d	1	0.52mi
2618 Cove Cay Dr Clearwater, FL	1.0–2.0	1.0–2.0	807	$1,850	$2.29	25d	2	0.60mi
2430 Harn Blvd Unit 14 Clearwater, FL	1.0	1.0	725	$1,400	$1.93	25d	1	0.80mi
2430 Harn Blvd Unit 7 Clearwater, FL	1.0	1.0	725	$1,500	$2.07	5d	1	0.80mi
2729 Seville Blvd Clearwater, FL	1.0–3.0	1.0–2.0	1057	$2,432	$2.30	2d	33	0.81mi
2554 Oak Trl S Clearwater, FL	1.0–2.0	1.0–2.0	862	$2,131	$2.47	3d	14	1.03mi
2225 Nursery Rd Clearwater, FL	2.0	1.0–2.0	802	$1,850	$2.31	25d	1	1.13mi
2909 Gulf To Bay Blvd Clearwater, FL	1.0–2.0	1.0–2.0	931	$1,849	$1.98	4d	9	1.23mi
1433 S Belcher Rd Clearwater, FL	1.0–2.0	1.0–2.0	748	$2,450	$3.27	21d	2	1.23mi
2981 Gulf To Bay Blvd Clearwater, FL	1.0–3.0	1.0–2.0	1198	$4,145	$3.46	4d	27	1.32mi
2159 Nursery Rd Clearwater, FL	1.0–3.0	1.0–2.0	870	$1,481	$1.70	3d	10	1.35mi
2975 Gulf To Bay Blvd Clearwater, FL	2.0	1.0–2.0	874	$5,180	$5.92	5d	49	1.36mi
16485 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	984	$2,877	$2.92	3d	249	1.43mi
16485 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	984	$3,006	$3.06	19d	100	1.43mi
2100 Nursery Rd Clearwater, FL	1.0–2.0	1.0–2.0	910	$1,750	$1.92	4d	10	1.45mi

HOA detail

• Monthly dues: $360 · $4,320/yr
• Likely covers: watersewertrashpool

Listing history 17 events

1. 2026-06-18
   days on market $119,950 Active 163 DOM
2. 2026-06-17
   days on market $119,950 Active 162 DOM
3. 2026-06-16
   days on market $119,950 Active 161 DOM
4. 2026-06-15
   days on market $119,950 Active 160 DOM
5. 2026-06-13
   pricedays on market $119,950 Active 158 DOM
6. 2026-06-09
   days on market $139,950 Active 154 DOM
7. 2026-06-08
   days on market $139,950 Active 153 DOM
8. 2026-06-07
   days on market $139,950 Active 152 DOM
9. 2026-06-04
   days on market $139,950 Active 149 DOM
10. 2026-06-03
    days on market $139,950 Active 148 DOM
11. 2026-06-01
    days on market $139,950 Active 146 DOM
12. 2026-05-31
    days on market $139,950 Active 145 DOM
13. 2026-01-06
    listed $139,950 Active
14. 2019-04-05
    soldstatus $41,000 Sold 874-char remark

    Show marketing remark (874 chars)

    This home has so much potential. It has a large living room, dining room, kitchen all open and the Florida room is just off of it giving a nice bright sunny area as well. The bath has two sinks which is always nice. The two bedrooms are separated by the bath. There are three patio areas for outdoor living. The measurements are 11x18, 10x8, and 12x10. Great space all under the roof. This will make a great Florida retreat for some lucky couple. Better hurry, this won't last. This is cottage style living in Clearwater’s premiere 55+ waterfront community. There are endless activities to get to meet your neighbors – cards, a wonderful art group, golf groups, bowling, shuffleboard, dinners, dances or head to the pool or hot tub. A low $320. maintenance fee pays for water, sewer, trash pickup, lawn cutting and on site management. Sorry no dogs are allowed.

15. 2019-03-12
    status Pending 874-char remark

    Show marketing remark (874 chars)

    This home has so much potential. It has a large living room, dining room, kitchen all open and the Florida room is just off of it giving a nice bright sunny area as well. The bath has two sinks which is always nice. The two bedrooms are separated by the bath. There are three patio areas for outdoor living. The measurements are 11x18, 10x8, and 12x10. Great space all under the roof. This will make a great Florida retreat for some lucky couple. Better hurry, this won't last. This is cottage style living in Clearwater’s premiere 55+ waterfront community. There are endless activities to get to meet your neighbors – cards, a wonderful art group, golf groups, bowling, shuffleboard, dinners, dances or head to the pool or hot tub. A low $320. maintenance fee pays for water, sewer, trash pickup, lawn cutting and on site management. Sorry no dogs are allowed.

16. 2019-03-06
    price $49,500 874-char remark

    Show marketing remark (874 chars)

    This home has so much potential. It has a large living room, dining room, kitchen all open and the Florida room is just off of it giving a nice bright sunny area as well. The bath has two sinks which is always nice. The two bedrooms are separated by the bath. There are three patio areas for outdoor living. The measurements are 11x18, 10x8, and 12x10. Great space all under the roof. This will make a great Florida retreat for some lucky couple. Better hurry, this won't last. This is cottage style living in Clearwater’s premiere 55+ waterfront community. There are endless activities to get to meet your neighbors – cards, a wonderful art group, golf groups, bowling, shuffleboard, dinners, dances or head to the pool or hot tub. A low $320. maintenance fee pays for water, sewer, trash pickup, lawn cutting and on site management. Sorry no dogs are allowed.

17. 2019-01-18
    listed $52,000 Active 874-char remark

    Show marketing remark (874 chars)

    This home has so much potential. It has a large living room, dining room, kitchen all open and the Florida room is just off of it giving a nice bright sunny area as well. The bath has two sinks which is always nice. The two bedrooms are separated by the bath. There are three patio areas for outdoor living. The measurements are 11x18, 10x8, and 12x10. Great space all under the roof. This will make a great Florida retreat for some lucky couple. Better hurry, this won't last. This is cottage style living in Clearwater’s premiere 55+ waterfront community. There are endless activities to get to meet your neighbors – cards, a wonderful art group, golf groups, bowling, shuffleboard, dinners, dances or head to the pool or hot tub. A low $320. maintenance fee pays for water, sewer, trash pickup, lawn cutting and on site management. Sorry no dogs are allowed.

ⓘ 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: $566 · $47/mo
• Projected year-2 tax: $996 · $83/mo
• Expected delta: +$429/yr (+$36/mo · 75.8%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,763
• − Mortgage interest: −$6,719
• − Property taxes: −$566
• − Insurance: −$5,718
• − Repairs & maintenance: −$1,901
• − Management: −$1,901
• − HOA: −$4,320
• − Depreciation: −$3,489
• Taxable loss: −$853
• Est. tax savings @ 24.0%: +$205
• After-tax cash flow: $824/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 — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clearwater, FL
• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,311
• Household income: $67,256
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1118.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 13% Two or more races 8% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 4% Lithuanian 3% German 2%
• Foreign-born: 14% · Canada, Jamaica, Vietnam
• Languages at home: 80% English-only · Spanish 10% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -350.08%
• Current HPI: 315.4133
• Rent YoY: ▼ -5.24%
• 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

+169.1% since first listed

5 events — show timeline

• 2026-01-06 Listed $139,950 Stellar MLS as Distributed by MLS Grid
• 2019-04-05 Sold (MLS) $41,000 Stellar MLS as Distributed by MLS Grid
• 2019-03-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-03-06 Price Changed $49,500 Stellar MLS as Distributed by MLS Grid
• 2019-01-18 Listed $52,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-1.8%/yr

Latest (2025): $566 · +4.9% YoY. Source: county tax records.