2E Pindo Palm St E · Largo, FL 33770

$57,000

2 bd · 2.0 ba · 952 sqft · Manufactured · 68 Days on market

Built 1979 Fair condition Est $83k · 31% under $554/mo HOA · 30% of rent ↓ 18% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.2/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Palm Hill Mobile Home Park is a popular 55+ plus community with many friendly residents. There are many opportunities to be as active as you wish. From pools, golf, tennis, pickleball, shuffleboard, dances, and many more opportunities Palm Hill is worth checking out. Within the confines of this resort like community lies a neat two bedroom, two bath manufactured home ready for new owners. The home is sold furnished and for a very reasonable price. The floorplan is designed for easy living. Light crisp paneling and windows spaced throughout the home enhance openness. The furniture remains while the very reasonable list price gives room for updating. The kitchen has a sink in front of a

Key facts

• Built in hutch
• Ensuite bath
• Two separate suites

Tags

• TWO BEDROOM MANUFACTURED HOME
• KITCHEN OPENS TO DINING AREA
• BUILT IN HUTCH
• GENEROUS SIZE PRIMARY
• ENSUITE BATH
• TWO SEPARATE SUITES

Property features AI

Finance

• Other: Senior community (pets not allowed)
• Financial info: Total annual fees: $6,648; Monthly HOA amount: $554; Lease restrictions apply
• HOA & community: Has HOA (monthly fee $554) with buyer approval required; HOA includes cable TV, pool, internet, grounds maintenance, management, private road, sewer, trash, water, escrow reserves fund; Community features: Clubhouse, pool, tennis courts, pickleball courts, shuffleboard, spa/hot tub, golf course, association recreation, sidewalks, street lights; golf carts allowed; deed restrictions; buyer approval required; full-time management; vehicle restrictions; Furnished: Yes; Association contact: Megan DiBello

Exterior

• Parking: Has carport (1 space)
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Phone available; Sewer connected; Underground utilities; Water connected
• Home design: Manufactured home (double wide); One story; Faces west; Entry level: One
• Construction: Metal frame with vinyl siding; Roof over; Block foundation; Built as manufactured home
• Exterior features: Rain gutters; Sidewalk; Near golf course; Near public transit; Paved road; Private; City limits

Interior

• Kitchen: Dishwasher; Range; Range hood; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Florida room
• 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 $57k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $518 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $57k).
• Recommended offer: $54k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.2% 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 (-3.5%/yr); 219 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 9d 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 37% of the median local income ($60k/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 $394 of loan paydown is wiped out by about $2k 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 $16k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 68 days — a 6% lower offer ($54k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 30% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $53,580 (6.0% below list)

Questions for the listing agent

1. It's been on market 68 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 3.26% ✓
• Cap rate: 17.21%
• Cash-on-cash: 38.97%
• DSCR: 2.73
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $82,824
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19 Pindo Palm St W	0.17mi	2/1.5	912 (-4%)	1mo	$40,000	$44	82
13 Frangipani Cir	0.06mi	2/2.0	864 (-9%)	11mo	$75,000	$87	73
309 Sago Palm St	0.50mi	2/2.0	952 (0%)	6mo	$65,000	$68	72
574 Queen Palm St	0.57mi	2/2.0	948 (-0%)	1mo	$109,500	$116	72
79 Thatch Palm St W	0.37mi	2/2.0	944 (-1%)	12mo	$65,000	$69	72
71 Royal Palm Cir	0.56mi	2/2.0	912 (-4%)	0mo	$72,000	$79	66
724 Sugar Palm St	0.61mi	2/2.0	948 (-0%)	9mo	$47,500	$50	63
266 Sago Palm St	0.47mi	2/2.0	952 (0%)	19mo	$77,000	$81	62
624 Queen Palm St	0.58mi	2/2.0	945 (-1%)	12mo	$150,000	$159	62
38 Pindo Palm St E	0.22mi	2/2.0	864 (-9%)	19mo	$135,000	$156	59
135 Royal Palm Cir	0.51mi	2/2.0	1,008 (+6%)	14mo	$149,000	$148	55
775 Royal Palm Cir	0.63mi	2/2.0	1,008 (+6%)	20mo	$135,350	$134	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: 29.9%
• Equity multiple: 2.17×
• Total profit: $18,707
• Equity at exit: $8,499

10-year hold

• IRR: 34.3%
• Equity multiple: 3.46×
• Total profit: $39,276
• Equity at exit: $4,928

Cash invested: $15,960 (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 33770

• Rents YoY: -3.5%
• Active inventory: 219
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,856 high
• Mortgage (P&I): −$299
• Tax est. 1.5%: −$71 /mo · $855/yr
• Insurance: −$24
• HOA: −$554
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $518

Break-even live

Break-even rent $1,200

Max offer price $57,000

Occupancy floor 67%

Sensitivity live

Price	-10% $558	-5% $538	+0% $518	+5% $499	+10% $479
Rent	-10% $372	-5% $445	+0% $518	+5% $592	+10% $665
Rate	-1.0pp $547	-0.5pp $533	base $518	+0.5pp $504	+1.0pp $489

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: $14,250
• Closing costs: $1,710
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
157 2nd Ave SW Unit A Largo, FL	2.0	1.0	678	$1,600	$2.36	25d	1	0.45mi
910 9th Ave SW Largo, FL	3.0	2.0	1120	$2,100	$1.88	5d	1	0.46mi
253 Sago Palm St Largo, FL	2.0	2.0	1000	$1,295	$1.29	25d	1	0.48mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$1,870	$1.75	3d	1	0.50mi
911 Washington Ave #212 Largo, FL	2.0	2.0	885	$1,675	$1.89	5d	1	0.60mi
775 Royal Palm Cir Largo, FL	2.0	2.0	1008	$1,700	$1.69	5d	1	0.63mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$2,615	$2.65	2d	189	0.70mi
2131 Ridge Rd S #105 Largo, FL	2.0	1.5	1035	$1,850	$1.79	25d	1	0.71mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,395	$2.35	3d	23	0.75mi
417 Woodrow Ave Largo, FL	1.0	1.0	650	$1,175	$1.81	19d	1	0.76mi
264 Ridge Rd N Largo, FL	3.0	1.5	981	$2,400	$2.45	25d	1	0.80mi
605 4th Ave NW Largo, FL	1.0–2.0	1.0–2.0	1032	$2,350	$2.28	4d	6	0.86mi
428 4th St NW Largo, FL	2.0	1.0	850	$1,900	$2.24	25d	1	0.91mi
423 4th St NW Largo, FL	3.0	1.0	960	$1,500	$1.56	5d	1	0.92mi
1320 1st Ave NW Largo, FL	2.0	1.0	1100	$2,100	$1.91	25d	1	0.96mi
556 Clearwater Largo Rd Unit 1 Largo, FL	2.0	1.0	750	$1,600	$2.13	3d	1	0.99mi
558 Clearwater Largo Rd Unit 1 Largo, FL	1.0	1.0	620	$1,400	$2.26	3d	1	1.00mi
1500 West Bay Dr Largo, FL	2.0	1.0	740	$1,595	$2.16	15d	1	1.01mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	4d	1	1.02mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	8d	1	1.02mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	25d	1	1.08mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	15d	1	1.08mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	5d	1	1.08mi
1517 16th Cir SE Largo, FL	1.0	1.0	625	$1,250	$2.00	5d	1	1.10mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	12d	1	1.10mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	5d	1	1.11mi
1825 134th Ave Largo, FL	3.0	2.0	1005	$2,200	$2.19	25d	1	1.27mi
2272 16th Ave SW Unit C Largo, FL	2.0	1.0	1031	$2,600	$2.52	25d	1	1.27mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	8d	1	1.28mi
1975 West Bay Dr #115 Largo, FL	1.0	1.0	630	$1,495	$2.37	25d	1	1.30mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,879	$2.21	2d	31	1.30mi
1753 Belleair Forest Dr Unit D7 Belleair, FL	2.0	2.0	1068	$1,800	$1.69	25d	1	1.31mi
1040 Clearwater Largo Rd Apt 411 Largo, FL	1.0	1.0	696	$1,650	$2.37	5d	1	1.31mi
2101 West Bay Dr Largo, FL	2.0	1.0	1000	$1,650	$1.65	5d	1	1.31mi
1030 Clearwater Largo Rd N Largo, FL	2.0	1.0	849	$1,875	$2.21	25d	1	1.32mi
2167 Dart Ave Unit 7 Largo, FL	1.0	1.0	639	$1,395	$2.18	13d	1	1.33mi
2167 Dart Ave Unit 6 Largo, FL	1.0	1.0	630	$1,495	$2.37	14d	1	1.33mi
1741 Trotter Rd Unit A Largo, FL	2.0	1.0	800	$1,350	$1.69	25d	1	1.35mi
811 Rosery Rd NW Largo, FL	1.0–3.0	1.0–3.0	1050	$2,538	$2.42	4d	20	1.37mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,830	$1.54	2d	38	1.38mi

HOA detail

• Monthly dues: $554 · $6,648/yr
• Likely covers: pool

Listing history 3 events

1. 2026-05-17
   status Pending
2. 2026-04-29
   price $57,000
3. 2026-03-10
   listed $69,500 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 6 d/yr ≥108°F today · 18 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: $22,272
• − Mortgage interest: −$3,193
• − Property taxes: −$855
• − Insurance: −$285
• − Repairs & maintenance: −$1,782
• − Management: −$1,782
• − HOA: −$6,648
• − Depreciation: −$1,658
• Taxable income: $6,070
• Est. tax owed @ 24.0%: −$1,457
• After-tax cash flow: $4,763/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.

Condition & rehab AI · 13 photos

Fair 45/100 Cosmetic rehab

This manufactured home requires cosmetic updates to kitchen and bathroom fixtures, along with general maintenance. Upgrading these areas can significantly enhance its resale and rental value.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance suggests minor wear and tear.
• Minor Kitchen countertops — Dated appearance suggests minor wear and tear.
• Minor Kitchen appliances — Basic appliances suggest minor wear and tear.
• Minor Bathroom fixtures — Dated appearance suggests minor wear and tear.

Value-add opportunities

• Resale Updating kitchen cabinets and countertops — Fresh cabinets and countertops can significantly enhance the home's appeal.
• Resale Updating bathroom fixtures — Modern fixtures can greatly improve the home's value.
• Both Landscaping and curb appeal — Aesthetic improvements can attract both buyers and renters.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance suggests minor wear and tear.	Minor	$500–3,000
Kitchen countertops · Dated appearance suggests minor wear and tear.	Minor	$500–3,000
Kitchen appliances · Basic appliances suggest minor wear and tear.	Minor	$500–3,000
Bathroom fixtures · Dated appearance suggests minor wear and tear.	Minor	$500–3,000
Total estimated repair cost · 4 items		$2,000–12,000

Value-add ROI direction

• Resale Updating kitchen cabinets and countertops — Fresh cabinets and countertops can significantly enhance the home's appeal. ↑
• Resale Updating bathroom fixtures — Modern fixtures can greatly improve the home's value. ↑
• Both Landscaping and curb appeal — Aesthetic improvements can attract both buyers and renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 25,368
• Household income: $59,815
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1404.0

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% Hispanic / Latino 11% Two or more races 9% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 1%

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: ▼ -317.05%
• Current HPI: 353.8484
• Rent YoY: ▼ -3.47%
• 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

-18.0% since first listed

3 events — show timeline

• 2026-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $57,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Listed $69,500 Stellar MLS as Distributed by MLS Grid