29250 US Highway 19 N #248 · Clearwater, FL 33761

$135,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 120 Days on market

Built 1972 Est $185k · 27% under $238/mo HOA · 13% of rent

---

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 +25.0/30.0
• ARV discount +15.0/15.0
• 1% rule +8.4/10.0
• DSCR +8.2/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

NEW REDUCED PRICE! Presenting a newly listed property offering 2 bedrooms and 2 bathrooms, encompassing a spacious 1,152 square feet. This residence is conveniently located in close proximity to the clubhouse and pool. Located within Doral Village, a distinguished 55+ gated community recognized for its lively atmosphere, welcoming environment, and engaging lifestyle offerings. This community is strategically located near shopping centers, picturesque beaches, entertainment venues, sporting events, and a diverse selection of restaurants. A property offering exceptional accessibility to essential amenities, residents benefit from outstanding facilities, including a heated pool and spa, billia

Key facts

• Central heat and air
• Fully furnished home
• Heated pool and spa

Tags

• CLOSE PROXIMITY TO CLUBHOUSE
• CLOSE PROXIMITY TO POOL
• HEATED POOL AND SPA
• WELL-APPOINTED CLUBHOUSE
• FULLY FURNISHED HOME
• CENTRAL HEAT AND AIR

Property features AI

Finance

• Other: Unit is furnished
• Financial info: Total monthly HOA fees reported as $238; Total annual fees reported as $2,856; Lease restrictions apply
• HOA & community: Has HOA (monthly fee $238); Association amenities: Clubhouse, Pool, Spa/Hot Tub, Recreation facilities, Pickleball courts, Tennis courts, Shuffleboard courts, Laundry; Association fee includes pool, reserves, grounds maintenance, management, recreational facilities, sewer, trash, water; Association approval required; Senior community; Pets allowed (cats; limits on number and size); Community features: Sidewalks, golf carts allowed

Exterior

• Parking: Carport with 2 spaces
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity available and connected; Water available and connected; Sewer available and connected; Cable available
• Home design: Residential mobile home (double wide); One story; Faces east; Entry level: One
• Construction: Metal siding; Roof over; Crawlspace foundation
• Exterior features: Enclosed patio/porch (Florida Room); Awning(s); Private mailbox; Sidewalk; Tennis court(s); Shed(s)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Thermostat; Walk-in closet(s); Window treatments; Aluminum window frames
• Laundry & utility: Washer; Dryer; Laundry features: Other

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $170 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 2.9% 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 flat; 201 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 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 120 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $135k implies a 382% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% 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'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: 1.34% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.37%
• DSCR: 1.42
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $185,472
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29250 US Highway 19 N #446	0.00mi	2/2.0	1,056 (-8%)	3mo	$140,000	$133	83
29250 US Highway 19 N #555	0.00mi	2/2.0	1,056 (-8%)	12mo	$170,000	$161	76
29250 US Highway 19 N #403	0.00mi	2/2.0	1,303 (+13%)	5mo	$250,000	$192	74
29250 US Highway 19 N #116	0.00mi	2/2.0	1,004 (-13%)	6mo	$145,000	$144	73

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 · 0.11% rent growth · sell at horizon

5-year hold

• IRR: -12.1%
• Equity multiple: 0.58×
• Total profit: $-15,941
• Equity at exit: $20,129

10-year hold

• IRR: -9.8%
• Equity multiple: 0.50×
• Total profit: $-18,824
• Equity at exit: $11,672

Cash invested: $37,800 (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 33761

• Rents YoY: 0.1%
• Active inventory: 201
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,809 high
• Mortgage (P&I): −$708
• Tax from tax record: −$132 /mo · $1,579/yr
• Insurance: −$56
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$238
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $170

Break-even live

Break-even rent $1,594

Max offer price $135,000

Occupancy floor 86%

Sensitivity live

Price	-10% $246	-5% $208	+0% $170	+5% $132	+10% $93
Rent	-10% $27	-5% $98	+0% $170	+5% $241	+10% $313
Rate	-1.0pp $238	-0.5pp $204	base $170	+0.5pp $135	+1.0pp $99

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2228 Richter St Unit A Dunedin, FL	2.0	2.0	1225	$1,900	$1.55	24d	1	0.35mi
28488 U.S. 19 Unit 150 Clearwater, FL	3.0	1.5	990	$1,500	$1.52	12d	1	0.40mi
2500 Winding Creek Blvd Unit C205 Clearwater, FL	2.0	2.0	946	$1,700	$1.80	5d	1	0.42mi
2500 Winding Creek Blvd Clearwater, FL	1.0–2.0	1.0–2.0	812	$1,700	$2.09	2d	3	0.43mi
2500 Winding Creek Blvd Clearwater, FL	2.0	2.0	946	$1,675	$1.77	3d	2	0.43mi
3052 Park Ln Unit B Dunedin, FL	2.0	1.0	821	$1,700	$2.07	24d	1	0.49mi
3055 Belcher Rd Dunedin, FL	2.0	1.0	750	$1,345	$1.79	22d	1	0.51mi
2971 Estancia Blvd #321 Clearwater, FL	2.0	2.0	995	$1,975	$1.98	4d	1	0.56mi
373 Majesty Dr Unit 373 Clearwater, FL	2.0	2.0	1200	$1,600	$1.33	24d	1	0.60mi
2999 Fieldbrook Pl Clearwater, FL	2.0	2.0	1164	$2,300	$1.98	24d	1	0.68mi
305 Hammock Pine Blvd #305 Clearwater, FL	1.0	1.5	760	$1,500	$1.97	24d	1	0.69mi
2307 Cumberland Cir Clearwater, FL	1.0–2.0	1.0–2.0	873	$2,099	$2.40	4d	15	0.92mi
2780 Cypress Dr Unit A Clearwater, FL	2.0	1.0	900	$1,749	$1.94	22d	1	1.01mi
2780 Park Dr Unit D 4 Clearwater, FL	2.0	1.5	900	$1,625	$1.81	24d	1	1.05mi
1430 Heather Ridge Blvd #304 Dunedin, FL	1.0	1.0	915	$1,500	$1.64	24d	1	1.16mi
762 Barbara St Palm Harbor, FL	2.0	2.0	1146	$2,200	$1.92	24d	1	1.25mi
1515 County Road 1 Dunedin, FL	1.0–2.0	1.0	719	$1,750	$2.43	8d	1	1.36mi
2673 Sabal Springs Cir #201 Clearwater, FL	1.0	1.5	805	$2,675	$3.32	8d	1	1.36mi
3610 Sammy Ct Palm Harbor, FL	2.0	1.0	797	$2,000	$2.51	5d	1	1.39mi
2257 Palmwood Dr Dunedin, FL	3.0	2.0	1150	$2,475	$2.15	5d	1	1.42mi
3460 Countryside Blvd #60 Clearwater, FL	2.0	2.5	1349	$2,500	$1.85	8d	1	1.45mi
1454 Michigan Blvd Dunedin, FL	2.0	1.0	1000	$2,300	$2.30	4d	1	1.47mi

HOA detail

• Monthly dues: $238 · $2,856/yr
• Likely covers: poolsecurity

Listing history 15 events

1. 2026-06-18
   days on market $135,000 Active 120 DOM
2. 2026-06-17
   days on market $135,000 Active 119 DOM
3. 2026-06-16
   days on market $135,000 Active 118 DOM
4. 2026-06-15
   days on market $135,000 Active 117 DOM
5. 2026-06-13
   days on market $135,000 Active 115 DOM
6. 2026-06-09
   days on market $135,000 Active 111 DOM
7. 2026-06-08
   days on market $135,000 Active 110 DOM
8. 2026-06-07
   days on market $135,000 Active 109 DOM
9. 2026-06-04
   days on market $135,000 Active 106 DOM
10. 2026-06-03
    days on market $135,000 Active 105 DOM
11. 2026-06-01
    days on market $135,000 Active 103 DOM
12. 2026-05-31
    days on market $135,000 Active 102 DOM
13. 2026-05-19
    price $135,000
14. 2026-02-18
    listed $149,900 Active
15. 2001-11-01
    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: $1,579 · $132/mo
• Projected year-2 tax: $1,579 · $132/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,705
• − Mortgage interest: −$7,562
• − Property taxes: −$1,579
• − Insurance: −$2,178
• − Repairs & maintenance: −$1,736
• − Management: −$1,736
• − HOA: −$2,856
• − Depreciation: −$3,927
• Taxable income: $130
• Est. tax owed @ 24.0%: −$31
• After-tax cash flow: $2,007/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

• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 18,290
• Household income: $74,728
• Rent vs Own: 20.2% rent · 79.8% own
• Severe rent burden: 336.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 6% Asian 4%
• Hispanic origin (detail): Puerto Rican 1% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 4% Italian 2%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 83% English-only · Spanish 5% Russian/Polish/Slavic 4% Other Indo-European 3%

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: ▼ -316.31%
• Current HPI: 281.6948
• Rent YoY: ▲ 0.11%
• 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

+382.1% since first listed

3 events — show timeline

• 2026-05-19 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2001-11-01 Sold (Public Records) $28,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $1,579 · +3.7% YoY. Source: county tax records.