11208 101st St #115 · Largo, FL 33773

$196,500

2 bd · 2.0 ba · 1,296 sqft · Manufactured public records · 29 Days on market

Built 1997 Est $200k · at est. $212/mo HOA · 10% of rent

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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 +22.0/30.0
• ARV discount +8.2/15.0
• DSCR +7.0/10.0
• 1% rule +6.1/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks

Hurry to see this Impressive 1997 2 bedroom, 2 bath, 1296 sq. ft. Palm Harbor Model Home, with all the upgrades! Inviting Glass enclosed 12x20 Florida Room, to enjoy your mornings! Spacious 12x12 Workshop/Shed, with updated Washer/Dryer! All attractive laminate flooring throughout, cathedral ceilings, newly added double pane tinted windows, and updated insulated metal Roof Over! All brand new Central Air/Heat Unit, with warranty! Convenient plexiglass storm window awnings included! Large Master bedroom ensuite, with built-in dressing table and private shower/commode area. All drywall interior, inside bonus room - optional laundry. So many upgrades to see! Large & Open Designer Kitchen

Key facts

• Updated washer dryer
• 2 parking spots
• Community pool

Tags

• GLASS ENCLOSED FLORIDA ROOM
• SPACIOUS WORKSHOP SHED
• UPDATED WASHER DRYER
• DOUBLE PANE TINTED WINDOWS
• BUILT-IN DRESSING TABLE
• PRIVATE SHOWER COMMODE AREA

Property features AI

Finance

• Other: Property is homesteaded; Zoning: R-6
• Financial info: Total monthly HOA fees $212 (total annual fees $2,544); Lease restrictions apply
• HOA & community: HOA (Marlaine) with required monthly fee of $212; HOA amenities: Clubhouse, Laundry, Pool, Spa/Hot Tub, Shuffleboard court, Lobby key required; Association approval required; Senior community; Pets allowed (dogs and cats) with weight limit up to 30 lbs and number limit

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water connected; Sewer connected
• Home design: Manufactured double-wide residential home; One level; Faces east
• Construction: Vinyl siding; Roof over; Crawlspace foundation
• Exterior features: Awning(s); Exterior lighting; Sidewalk; Storage; Paved lot

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Vaulted ceilings; Window treatments; Blinds
• Laundry & utility: Washer hookup; Dryer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $196k.

Deal economics

• At list price, monthly cash flow is $-114 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $176k (10.3% below list).
• Meets the 1% rule at list price ($2k rent vs $196k).
• Recommended offer: $176k (10.3% below list) — sets the bar for cash-flow.
• Cap rate 8.2% 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.
• Market conditions: Rents falling (-3.4%/yr); 118 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 34% of the median local income ($77k/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 $6k 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 29 days — a 2% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $196k implies a 602% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,349 (10.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.11% ✓
• Cap rate: 8.20%
• Cash-on-cash: 6.82%
• DSCR: 1.30
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $199,584
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10330 Broadview Dr #68	0.56mi	2/2.0	1,296 (0%)	19mo	$195,000	$150	58
10527 Tahitian Ln #111	0.53mi	2/2.0	1,104 (-15%)	8mo	$170,000	$154	44

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: -25.0%
• Equity multiple: 0.18×
• Total profit: $-45,150
• Equity at exit: $29,299

10-year hold

• IRR: -41.7%
• Equity multiple: -0.31×
• Total profit: $-71,961
• Equity at exit: $16,990

Cash invested: $55,020 (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 33773

• Rents YoY: -3.4%
• Active inventory: 118
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,172 high
• Mortgage (P&I): −$1,030
• Tax from tax record: −$79 /mo · $951/yr
• Insurance: −$82
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$212
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $-114

Break-even live

Break-even rent $2,317

Max offer price $176,349

Occupancy floor —

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: $49,125
• Closing costs: $5,895
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10160 Sailwinds Blvd S Largo, FL	2.0	2.0	901	$1,950	$2.16	24d	2	0.29mi
10155 Sailwinds Blvd S #204 Largo, FL	2.0	2.0	1018	$1,750	$1.72	2d	1	0.31mi
10580 112th Ave Largo, FL	3.0	1.0	925	$1,995	$2.16	4d	1	0.40mi
10495 118th Ave Largo, FL	3.0	2.0	1169	$2,250	$1.92	4d	1	0.40mi
10560 114th Ter Largo, FL	3.0	1.0	1232	$3,000	$2.44	4d	1	0.42mi
10100 Sailwinds Blvd N #206 Largo, FL	3.0	2.0	1155	$1,850	$1.60	3d	1	0.51mi
12261 Sailwinds Dr #203 Largo, FL	3.0	2.0	1139	$1,800	$1.58	4d	1	0.57mi
12293 Sailwinds Dr #203 Largo, FL	3.0	2.0	1155	$2,050	$1.77	13d	1	0.58mi
11707 108th St Unit 1018171P Largo, FL	3.0	2.0	1259	$3,119	$2.48	2d	1	0.62mi
11290 109th Ln Largo, FL	2.0	1.0	988	$1,995	$2.02	24d	1	0.67mi
10887 111th Pl N Largo, FL	3.0	2.0	1300	$2,389	$1.84	21d	1	0.67mi
10659 108th St Largo, FL	3.0	1.5	1380	$2,550	$1.85	24d	1	0.69mi
12217 104th Ln Largo, FL	3.0	2.0	1534	$2,495	$1.63	4d	1	0.70mi
12651 Seminole Blvd #44 Largo, FL	2.0	1.5	1000	$1,450	$1.45	24d	1	0.82mi
12100 Seminole Blvd Largo, FL	2.0	2.0	1050	$1,750	$1.67	24d	1	0.83mi
10932 104th Ave Largo, FL	2.0	1.0	962	$1,950	$2.03	24d	1	0.87mi
10932 104th Ave Largo, FL	2.0	1.0	962	$1,950	$2.03	20d	1	0.87mi
9099 108th Ave Seminole, FL	3.0	2.0	1451	$2,600	$1.79	4d	1	0.95mi
11201 122nd Ave Largo, FL	1.0–2.0	1.0–2.0	867	$2,300	$2.65	4d	2	1.10mi
9924 109th St Seminole, FL	3.0	2.0	1428	$2,500	$1.75	3d	1	1.12mi
11114 101st Ave Seminole, FL	2.0	1.0	1135	$2,300	$2.03	3d	1	1.16mi
13225 101st St #116 Largo, FL	2.0	2.0	1152	$1,600	$1.39	4d	1	1.17mi
11310 92nd St Largo, FL	3.0	2.0	1600	$3,100	$1.94	4d	1	1.20mi
9814 110th Ln Seminole, FL	2.0	2.0	1750	$2,600	$1.49	3d	1	1.23mi
9814 110th Ln Seminole, FL	2.0	2.0	1750	$2,500	$1.43	2d	1	1.23mi
11013 Temple Ave Seminole, FL	3.0	1.0	951	$2,050	$2.16	4d	1	1.28mi
9881 113th St #215 Seminole, FL	2.0	2.0	1150	$1,600	$1.39	17d	1	1.34mi
9925 Ulmerton Rd #74 Largo, FL	2.0	1.5	1140	$1,800	$1.58	17d	1	1.38mi
9209 Seminole Blvd #139 Seminole, FL	2.0	1.5	1015	$1,800	$1.77	24d	1	1.38mi
11557 124th Ter Largo, FL	3.0	2.0	1601	$3,495	$2.18	17d	1	1.38mi
9992 86th St Seminole, FL	2.0	2.0	945	$1,900	$2.01	3d	1	1.40mi
10888 Temple Ave Seminole, FL	2.0	2.0	1101	$2,150	$1.95	3d	1	1.44mi
9209 Seminole Blvd Seminole, FL	2.0	1.5	1015	$1,700	$1.67	3d	2	1.45mi
9209 Seminole Blvd Seminole, FL	2.0	1.5	1015	$1,675	$1.65	4d	3	1.45mi

HOA detail

• Monthly dues: $212 · $2,544/yr

Listing history 15 events

1. 2026-06-18
   days on market $196,500 Active 29 DOM
2. 2026-06-17
   days on market $196,500 Active 28 DOM
3. 2026-06-16
   days on market $196,500 Active 27 DOM
4. 2026-06-15
   days on market $196,500 Active 26 DOM
5. 2026-06-13
   days on market $196,500 Active 24 DOM
6. 2026-06-09
   days on market $196,500 Active 20 DOM
7. 2026-06-08
   days on market $196,500 Active 19 DOM
8. 2026-06-07
   days on market $196,500 Active 18 DOM
9. 2026-06-04
   days on market $196,500 Active 15 DOM
10. 2026-06-03
    days on market $196,500 Active 14 DOM
11. 2026-06-02
    days on market $196,500 Active 13 DOM
12. 2026-06-01
    days on market $196,500 Active 12 DOM
13. 2026-05-31
    days on market $196,500 Active 11 DOM
14. 2026-05-20
    listed $196,500 Active
15. 1994-02-04
    soldstatus $28,000

ⓘ 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: $951 · $79/mo
• Projected year-2 tax: $1,631 · $136/mo
• Expected delta: +$680/yr (+$57/mo · 71.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 6 d/yr ≥107°F today · 21 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: $26,067
• − Mortgage interest: −$11,007
• − Property taxes: −$951
• − Insurance: −$6,101
• − Repairs & maintenance: −$2,085
• − Management: −$2,085
• − HOA: −$2,544
• − Depreciation: −$5,716
• Taxable loss: −$4,423
• Est. tax savings @ 24.0%: +$1,062
• After-tax cash flow: $-307/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

• County: Pinellas County · 939,478 people
• City population: 106,311
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 16,741
• Household income: $76,867
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 314.0

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 (75%)
• Race & ethnicity: White 75% Two or more races 8% Hispanic / Latino 8% Asian 7% Black 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 2%
• Foreign-born: 12% · Canada, Vietnam, South Korea
• Languages at home: 83% English-only · Spanish 5% Vietnamese 3% 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: ▼ -367.92%
• Current HPI: 319.4536
• Rent YoY: ▼ -3.37%
• 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

+601.8% since first listed

2 events — show timeline

• 2026-05-20 Listed $196,500 Stellar MLS as Distributed by MLS Grid
• 1994-02-04 Sold (Public Records) $28,000 Public Records

Property tax history

-6.2%/yr

Latest (2025): $951 · +9.0% YoY. Source: county tax records.