34047 Avocado Dr N · Pinellas Park, FL 33781

$135,000

2 bd · 2.0 ba · 1,388 sqft · Manufactured public records · 90 Days on market

Built 1973 58 ac lot Est $107k · 26% over $210/mo HOA · 10% of rent

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Some homes are move-in ready. This one is mechanically rebuilt. 34047 Avocado Drive N had a busy 2025: new roof, new electrical panel, new hot water heater, updated shed. Add a fully remodeled bathroom with a walk-in shower and a newer HVAC system, and you have something genuinely rare in Pinellas County's 55+ market—a home where the expensive work is already done, recently, with permits. There's one more thing worth understanding before you look at anything else: the resident-owned share is included in the purchase price. In a market where comparable communities charge $40,000–$50,000 separately for ownership stake, this is a material financial advantage. You're buying in, not

Key facts

• Remodeled bathroom
• New hot water heater
• New electrical panel

Tags

• OPEN CONCEPT LIVING SPACE
• NEW ELECTRICAL PANEL
• NEW ROOF
• NEW HOT WATER HEATER
• REMODELED BATHROOM
• MODERN WALK IN SHOWER

Property features AI

Finance

• Other: Homestead exempt
• Financial info: Total monthly fees $210; Total annual fees $2,520; Lease restrictions apply
• HOA & community: Has HOA (monthly fee $210) with clubhouse, fitness center, laundry, shuffleboard court, spa/hot tub, pool, maintenance of grounds, private road, recreational facilities, sewer, trash and water; Senior community; Pets allowed

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; Phone available; Sewer connected; Water connected
• Home design: Residential single-wide mobile home; One story; East-facing
• Construction: Metal frame construction; Vinyl siding; Shingle roof; Pillar/post/pier foundation; Built as single-wide
• Exterior features: Front porch; Exterior storage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Living room/dining room combo; Thermostat
• Laundry & utility: Washer; Dryer; Laundry closet

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 $687 ($8k/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: $127k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. 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: Pinellas Park Elementary School (math 43% / reading 39%, grade F, #1,454 of 2,144 statewide, top 69%, 452 students, 74% FRL); Pinellas Park High School (math 28% / reading 35%, grade F, #424 of 667 statewide, top 64%, 1,919 students, 57% FRL) — zoned schools average 65% FRL vs 48% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-15 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-3.0%/yr); 226 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $38k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $30k; list at $135k implies a 352% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $126,900 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 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 1973 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.62% ✓
• Cap rate: 12.40%
• Cash-on-cash: 21.82%
• DSCR: 1.97
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $106,876
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
82277 2nd Ave N #277	0.16mi	2/2.0	1,344 (-3%)	4mo	$140,000	$104	84
82199 F St N #199	0.31mi	2/2.0	1,372 (-1%)	0mo	$105,000	$77	83
82418 New Circle Dr N	0.38mi	2/2.0	1,334 (-4%)	9mo	$100,000	$75	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: 10.8%
• Equity multiple: 1.41×
• Total profit: $15,585
• Equity at exit: $20,129

10-year hold

• IRR: 17.1%
• Equity multiple: 2.21×
• Total profit: $45,554
• 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 33781

• Rents YoY: -3.0%
• Active inventory: 226
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $2,189 high
• Mortgage (P&I): −$708
• Tax from tax record: −$68 /mo · $814/yr
• Insurance: −$56
• HOA: −$210
• Vacancy / Maint / Mgmt: −$460
• Net cashflow: $687

Break-even live

Break-even rent $1,319

Max offer price $135,000

Occupancy floor 64%

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 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3110 Grand Ave Pinellas Park, FL	1.0–3.0	1.0–2.0	1104	$2,467	$2.23	2d	34	0.45mi
8851 US Highway 19 N Pinellas Park, FL	1.0–3.0	1.0–2.0	993	$2,295	$2.31	2d	23	0.71mi
4057 71st Ter N Pinellas Park, FL	3.0	2.5	1420	$2,650	$1.87	4d	1	0.74mi
2790 Grand Ave Saint Petersburg, FL	1.0–3.0	1.0–2.0	1017	$2,782	$2.73	2d	16	0.81mi
4771 78th Ave N Pinellas Park, FL	2.0	2.0	903	$1,640	$1.82	24d	1	1.03mi
4701 88th Ave N Pinellas Park, FL	1.0–2.0	1.0–2.0	855	$1,853	$2.17	11d	20	1.05mi
4631 69th Pl N Pinellas Park, FL	3.0	2.5	1420	$2,595	$1.83	24d	1	1.16mi
4420 96th Ave N Pinellas Park, FL	2.0	2.0	1586	$1,850	$1.17	4d	1	1.18mi
7050 48th St N Pinellas Park, FL	3.0	1.5	1008	$2,350	$2.33	24d	1	1.24mi
6379 29th St N Saint Petersburg, FL	3.0	2.0	1323	$2,869	$2.17	24d	1	1.25mi
4627 67th Ave N Pinellas Park, FL	3.0	2.5	1610	$2,500	$1.55	24d	1	1.25mi
6898 47th Ln N Pinellas Park, FL	3.0	2.5	1500	$2,525	$1.68	24d	1	1.27mi
4732 68th Ave N Pinellas Park, FL	2.0	3.0	1210	$2,000	$1.65	24d	1	1.31mi
2715 63rd Ter N Unit B St. Petersburg, FL	2.0	2.0	1030	$1,900	$1.84	24d	1	1.32mi
4973 91st Ave Unit 12 (C) Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	15d	1	1.38mi
4973 91st Ave Unit C Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	14d	1	1.38mi
7800 52nd St N Pinellas Park, FL	3.0	1.0	1163	$1,850	$1.59	24d	1	1.38mi
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$2,297	$2.19	2d	19	1.39mi
4091 58th Ave N Unit F St. Petersburg, FL	2.0	1.0	900	$1,595	$1.77	3d	1	1.49mi

HOA detail

• Monthly dues: $210 · $2,520/yr
• Likely covers: waterelectric

Listing history 25 events

1. 2026-06-18
   days on market $135,000 Active 90 DOM
2. 2026-06-17
   days on market $135,000 Active 89 DOM
3. 2026-06-16
   days on market $135,000 Active 88 DOM
4. 2026-06-15
   days on market $135,000 Active 87 DOM
5. 2026-06-13
   days on market $135,000 Active 85 DOM
6. 2026-06-09
   days on market $135,000 Active 81 DOM
7. 2026-06-08
   days on market $135,000 Active 80 DOM
8. 2026-06-07
   days on market $135,000 Active 79 DOM
9. 2026-06-04
   days on market $135,000 Active 76 DOM
10. 2026-06-03
    days on market $135,000 Active 75 DOM
11. 2026-06-01
    days on market $135,000 Active 73 DOM
12. 2026-05-31
    days on market $135,000 Active 72 DOM
13. 2026-04-16
    price $135,000
14. 2026-03-20
    listed $139,900 Active
15. 2023-03-13
    historical
16. 2023-01-30
    listed $165,000 Active
17. 2022-12-29
    historical
18. 2022-11-19
    listed $190,000 Active
19. 2014-07-07
    soldstatus $29,900 Sold
20. 2014-06-10
    historical
21. 2014-05-12
    status Active
22. 2014-05-12
    status Pending
23. 2014-05-12
    price $29,900
24. 2014-04-04
    price $34,900
25. 2014-02-12
    listed $39,900 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: $814 · $68/mo
• Projected year-2 tax: $1,120 · $93/mo
• Expected delta: +$307/yr (+$26/mo · 37.7%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 51% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,268
• − Mortgage interest: −$7,562
• − Property taxes: −$814
• − Insurance: −$675
• − Repairs & maintenance: −$2,101
• − Management: −$2,101
• − HOA: −$2,520
• − Depreciation: −$3,927
• Taxable income: $6,567
• Est. tax owed @ 24.0%: −$1,576
• After-tax cash flow: $6,672/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 28,072
• Household income: $57,785
• Rent vs Own: 35.6% rent · 64.4% own
• Severe rent burden: 1115.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 16% Asian 14% Two or more races 11% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 5%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 18% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 12% Vietnamese 7% Other Asian/Pacific 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: ▼ -409.77%
• Current HPI: 348.546
• Rent YoY: ▼ -2.95%
• 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

+238.3% since first listed

13 events — show timeline

• 2026-04-16 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2023-03-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-01-30 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-11-19 Listed $190,000 Stellar MLS as Distributed by MLS Grid
• 2014-07-07 Sold (MLS) $29,900 Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-05-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-05-12 Price Changed $29,900 Stellar MLS as Distributed by MLS Grid
• 2014-04-04 Price Changed $34,900 Stellar MLS as Distributed by MLS Grid
• 2014-02-12 Listed $39,900 Stellar MLS as Distributed by MLS Grid

Property tax history

-1.0%/yr

Latest (2025): $814 · +7.6% YoY. Source: county tax records.