15010 113th Ave N Unit 33A · Largo, FL 33774

$149,900

2 bd · 1.5 ba · 720 sqft · Manufactured public records · 308 Days on market

Manufactured home Built 1963 4.77 ac lot $140/mo HOA · 8% 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 +19.0/30.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• DSCR +6.0/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a great opportunity to purchase a mobile home in an intracoastal community. This is a must see. Totally furnished. Waterfront park with 2 community docks.

Key facts

• Expansive kitchen
• Remodeled bathroom
• New cabinets

Tags

• STEPS TO INTRACOASTAL WATERWAY
• FULLY REMODELED INSIDE
• NEW CABINETS
• NEW GRANITE COUNTERTOP
• EXPANSIVE KITCHEN
• REMODELED BATHROOM

Property features AI

Finance

• Financial info: Total monthly fees: $140; Total annual fees: $1,680; Lease restrictions apply
• HOA & community: Monthly HOA: $140 (includes grounds maintenance, water, sewer); Association requires approval; Clubhouse; Deed restrictions; Buyer approval required; Senior community; Cats allowed

Exterior

• Parking: Assigned parking
• Utilities: Public water; Public sewer; Electricity available and connected; Cable available and connected; Broadband/high-speed internet available; Water connected; Sewer connected
• Home design: Residential mobile home (double wide); Completed condition; One story; Faces west; Entry level: One
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built as double wide
• Exterior features: Covered front porch with screened porch; French doors; Rain gutters; Shed(s); Flood zone

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Tankless water heater
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Solid surface counters; Aluminum window frames
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry hookups inside; Outside/other laundry access

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $-270 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $102k (31.9% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $102k (31.9% below list) — sets the bar for cash-flow.
• Cap rate 7.5% 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.
• Zoned schools: Oakhurst Elementary School (math 72% / reading 68%, grade A-, #345 of 2,144 statewide, top 17%, 664 students, 38% FRL); Seminole Middle School (math 55% / reading 53%, grade B-, #196 of 571 statewide, top 36%, 824 students, 49% FRL); Seminole High School (math 26% / reading 47%, grade F, #351 of 667 statewide, top 54%, 1,546 students, 39% FRL).
• Market conditions: Rents rising (+2.0%/yr); 213 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 7d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k 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 308 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 16y ago; this cycle's ask has dropped $30k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $57k; list at $150k implies a 163% 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 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $102,119 (31.9% 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. It's been on market 308 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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.
9. 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.
10. 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: 1.15% ✓
• Cap rate: 7.54%
• Cash-on-cash: 4.46%
• DSCR: 1.20
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.01% rent growth · sell at horizon

5-year hold

• IRR: -31.4%
• Equity multiple: -0.02×
• Total profit: $-42,827
• Equity at exit: $22,351

10-year hold

• IRR: -43.0%
• Equity multiple: -0.54×
• Total profit: $-64,731
• Equity at exit: $12,961

Cash invested: $41,972 (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 33774

• Rents YoY: 2.0%
• Active inventory: 213
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,729 high
• Mortgage (P&I): −$786
• Tax from tax record: −$221 /mo · $2,655/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$140
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $-270

Break-even live

Break-even rent $2,071

Max offer price $102,119

Occupancy floor —

Sensitivity live

Price	-10% $-186	-5% $-228	+0% $-270	+5% $-313	+10% $-355
Rent	-10% $-407	-5% $-339	+0% $-270	+5% $-202	+10% $-134
Rate	-1.0pp $-195	-0.5pp $-232	base $-270	+0.5pp $-309	+1.0pp $-349

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14531 Walsingham Rd Largo, FL	2.0	1.0–2.0	657	$2,600	$3.96	26d	3	0.65mi
206 Bates Ave Unit E Indian Rocks Beach, FL	1.0	1.0	600	$1,945	$3.24	6d	1	0.93mi
206 Bates Ave Indian Rocks Beach, FL	1.0	1.0	600	$1,945	$3.24	0d	1	0.93mi
720 E Gulf Blvd Unit B Indian Rocks Beach, FL	2.0	1.0	748	$2,600	$3.48	22d	1	0.95mi
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$2,500	$2.71	0d	5	1.20mi

HOA detail

• Monthly dues: $140 · $1,680/yr
• Likely covers: water

Listing history 14 events

1. 2026-06-09
   days on market $149,900 Active 308 DOM
2. 2026-06-08
   days on market $149,900 Active 307 DOM
3. 2026-06-07
   days on market $149,900 Active 306 DOM
4. 2026-06-04
   days on market $149,900 Active 303 DOM
5. 2026-06-03
   days on market $149,900 Active 302 DOM
6. 2026-06-01
   days on market $149,900 Active 300 DOM
7. 2026-05-31
   days on market $149,900 Active 299 DOM
8. 2026-05-05
   price $149,900
9. 2025-09-09
   price $169,000
10. 2025-08-05
    listed $179,900 Active
11. 2010-05-21
    soldstatus $57,000 162-char remark

    Show marketing remark (162 chars)

    This is a great opportunity to purchase a mobile home in an intracoastal community. This is a must see. Totally furnished. Waterfront park with 2 community docks.

12. 2010-05-21
    soldstatus $57,000

    Show marketing remark (162 chars)

    This is a great opportunity to purchase a mobile home in an intracoastal community. This is a must see. Totally furnished. Waterfront park with 2 community docks.

13. 2010-02-24
    listed $62,500 162-char remark

    Show marketing remark (162 chars)

    This is a great opportunity to purchase a mobile home in an intracoastal community. This is a must see. Totally furnished. Waterfront park with 2 community docks.

14. 1993-12-30
    soldstatus $18,700

ⓘ 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: $2,655 · $221/mo
• Projected year-2 tax: $2,655 · $221/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 24 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: $20,747
• − Mortgage interest: −$8,397
• − Property taxes: −$2,655
• − Insurance: −$5,868
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − HOA: −$1,680
• − Depreciation: −$4,361
• Taxable loss: −$5,533
• Est. tax savings @ 24.0%: +$1,328
• After-tax cash flow: $-1,918/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): 19,799
• Household income: $79,139
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 546.0

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 (74%)
• Race & ethnicity: White 74% Black 11% Hispanic / Latino 9% Two or more races 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Hispanic 2%
• Foreign-born: 8% · Canada
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 2% Russian/Polish/Slavic 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: ▼ -383.61%
• Current HPI: 336.629
• Rent YoY: ▲ 2.01%
• 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

+701.6% since first listed

7 events — show timeline

• 2026-05-05 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-09 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-05 Listed $179,900 Stellar MLS as Distributed by MLS Grid
• 2010-05-21 Sold (Public Records) $57,000 Public Records
• 2010-05-21 Sold (MLS) $57,000 Stellar MLS as Distributed by MLS Grid
• 2010-02-24 Listed $62,500 Stellar MLS as Distributed by MLS Grid
• 1993-12-30 Sold (Public Records) $18,700 Public Records

Property tax history

+10.6%/yr

Latest (2025): $2,655 · +7.4% YoY. Source: county tax records.