12760 Indian Rocks Rd #578 · Largo, FL 33774

$145,000

2 bd · 1.0 ba · 987 sqft · Condo public records · 29 Days on market

Built 1972 $738/mo HOA · 28% 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 +23.2/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• 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

Under contract-accepting backup offers. Welcome to resort-style coastal living in this beautifully updated, fully furnished top-floor 2-bedroom, 1-bath condo located in one of Largo’s most desirable gated waterfront communities. This move-in-ready home features new flooring throughout, a remodeled bathroom, and spacious bedrooms, including one with a large walk-in closet. The open living area offers comfort and style, complemented by elevator access for convenience. The all-inclusive condo fee covers Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Exterior, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Mainten

Key facts

• Fitness center
• Remodeled bathroom
• Community pool

Tags

• GATED WATERFRONT COMMUNITY
• REMODELED BATHROOM
• LARGE WALK-IN CLOSET
• ELEVATOR ACCESS
• COMMUNITY POOL
• FITNESS CENTER

Property features AI

Finance

• Other: Pets are not allowed
• Financial info: Total annual fees: $8,856; Lease restrictions apply
• HOA & community: Has HOA (association name: CINDI MAGLIOZZI); Monthly condo/association fee: $738 (includes cable TV, common area taxes, pool, escrow reserves, insurance, internet, structure and grounds maintenance, management, pest control, recreational facilities, security, sewer, trash, water); Association fee frequency: Monthly; Association approval required; Association amenities: clubhouse, fitness center, pool, spa/hot tub, tennis courts, racquetball, shuffleboard, trails, park, recreation facilities, maintenance, laundry, security; Community features: deed restrictions, community mailbox, sidewalks, no truck/RV/motorcycle parking, buyer approval required

Exterior

• Parking: Community vehicle restrictions
• Security: Gated community; Security gate; Key card entry; Security fencing/lighting/alarms
• Utilities: Public water; Public sewer; Public utilities; Community located on Intracoastal Waterway
• Home design: Residential condominium; Attached property; Completed condition; One level; Faces west; Located on third floor
• Construction: Block construction; Membrane roof; Block foundation; Built as part of a multi-building complex (Building 5)
• Exterior features: Landscaped grounds; Sidewalks; Paved surfaces; Gazebo; On waterfront (Intracoastal Waterway) with 200 feet frontage; Water access to Intracoastal Waterway

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Kitchen/family room combination; Living room/dining room combination; Thermostat; Walk-in closet(s); Blinds and drapes; Building has elevator; Smoke detector(s)
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $195 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $145k).
• Recommended offer: $143k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% 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: Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL).
• Market conditions: Rents rising (+2.0%/yr); 209 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 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 39% of the median local income ($79k/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 $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 29 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y 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 $84k; list at $145k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 28% of rent.
• Climate carrying-cost: severe flood risk; 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 $142,825 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.79% ✓
• Cap rate: 8.46%
• Cash-on-cash: 7.74%
• DSCR: 1.34
• GRM: 4.7

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: -8.9%
• Equity multiple: 0.68×
• Total profit: $-13,055
• Equity at exit: $21,620

10-year hold

• IRR: -1.3%
• Equity multiple: 0.92×
• Total profit: $-3,360
• Equity at exit: $12,537

Cash invested: $40,600 (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: 209
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,595 high
• Mortgage (P&I): −$760
• Tax from tax record: −$229 /mo · $2,751/yr
• Insurance: −$60
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$738
• Vacancy / Maint / Mgmt: −$545
• Net cashflow: $195

Break-even live

Break-even rent $2,347

Max offer price $145,000

Occupancy floor 87%

Sensitivity live

Price	-10% $277	-5% $236	+0% $195	+5% $154	+10% $113
Rent	-10% $-10	-5% $93	+0% $195	+5% $298	+10% $400
Rate	-1.0pp $268	-0.5pp $232	base $195	+0.5pp $158	+1.0pp $119

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$2,500	$2.71	5d	6	0.06mi
9 Jeff Rd Largo, FL	2.0	1.0	964	$2,150	$2.23	5d	1	0.22mi
14130 Rosemary Ln Largo, FL	2.0	1.5	880	$1,725	$1.96	21d	2	0.40mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0–3.0	1.0–2.0	1177	$3,200	$2.72	25d	2	0.47mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0	1.0–2.0	997	$3,875	$3.88	3d	2	0.47mi
1 Windrush Blvd #63 Indian Rocks Beach, FL	2.0	1.0	955	$5,000	$5.24	25d	1	0.51mi
14531 Walsingham Rd Largo, FL	2.0	1.0–2.0	657	$2,600	$3.96	25d	3	0.56mi
1000 Bay Pine Blvd Indian Rocks Beach, FL	3.0	1.0	936	$3,595	$3.84	5d	1	0.61mi
717 E Gulf Blvd Unit 1 Indian Rocks Beach, FL	2.0	1.0	850	$2,300	$2.71	20d	1	0.64mi
717 E Gulf Blvd Unit 3 Indian Rocks Beach, FL	2.0	1.0	850	$2,650	$3.12	20d	1	0.64mi
720 E Gulf Blvd Unit B Indian Rocks Beach, FL	2.0	1.0	748	$2,600	$3.48	21d	1	0.68mi
206 Bates Ave Unit E Indian Rocks Beach, FL	1.0	1.0	600	$1,945	$3.24	5d	1	0.70mi
1210 Bay Palm Blvd Indian Rocks Beach, FL	3.0	2.0	1118	$4,495	$4.02	5d	1	0.73mi
1209 1st St Indian Rocks Beach, FL	2.0	1.5	768	$2,400	$3.12	25d	1	0.74mi
13200 Wilcox Rd Largo, FL	2.0	2.0	932	$1,755	$1.88	4d	2	0.89mi
12800 Vonn Rd Largo, FL	1.0–2.0	1.0	810	$1,458	$1.80	3d	16	0.91mi
1400 Gulf Blvd Unit 2B Indian Rocks Beach, FL	2.0	2.0	1074	$5,900	$5.49	25d	1	0.92mi
13125 Wilcox Rd Largo, FL	1.0–2.0	1.0–2.0	840	$1,830	$2.18	2d	8	0.99mi
2200 Gladys St Largo, FL	1.0–2.0	1.0–1.5	677	$1,595	$2.35	25d	1	1.05mi
13300 Walsingham Rd Largo, FL	1.0–4.0	1.0–2.0	1060	$1,788	$1.69	25d	1	1.10mi
2110 Gulf Blvd #11 Indian Rocks Beach, FL	2.0	1.0	775	$2,950	$3.81	25d	1	1.21mi
2505 Bay Blvd #1 Indian Rocks Beach, FL	2.0	2.0	1090	$3,475	$3.19	5d	1	1.31mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,800	$3.15	25d	1	1.33mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,450	$2.76	22d	1	1.33mi
2502 Bay Blvd Unit 6 Indian Rocks Beach, FL	2.0	1.0	800	$1,950	$2.44	25d	1	1.33mi
2502 Bay Blvd Unit 1 Indian Rocks Beach, FL	2.0	1.0	800	$2,950	$3.69	21d	1	1.33mi
3223 Dryer Ave Largo, FL	2.0	1.0	1000	$1,800	$1.80	25d	1	1.39mi
3054 Adrian Ave Largo, FL	2.0	1.0	1059	$3,500	$3.31	5d	1	1.40mi
1884 Pine St Largo, FL	3.0	1.5	1012	$2,499	$2.47	22d	1	1.48mi
2704 2nd St Indian Rocks Beach, FL	1.0	1.0	624	$2,350	$3.77	3d	3	1.48mi

HOA detail condo

• Monthly dues: $738 · $8,856/yr
• Likely covers: waterinternetcablelandscapingpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-04-27
   listed $145,000 Active
2. 2026-01-08
   historical
3. 2025-10-10
   price $154,999
4. 2025-06-17
   historical $1,750
5. 2025-05-31
   price $1,750
6. 2025-05-08
   listed $159,999 Active
7. 2025-05-05
   price $1,899
8. 2025-04-08
   listed $2,099
9. 2022-11-18
   historical
10. 2022-08-08
    listed $210,000 Active
11. 2018-12-10
    soldstatus $84,000
12. 2018-12-07
    soldstatus $84,000 Sold
13. 2018-11-23
    status Pending
14. 2018-11-20
    status Active
15. 2018-10-13
    status Pending
16. 2018-10-09
    listed $85,000 Active
17. 1992-12-28
    soldstatus $45,000
18. 1984-01-01
    soldstatus $49,000

ⓘ 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: $2,751 · $229/mo
• Projected year-2 tax: $2,751 · $229/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 8/10 Severe FEMA zone X (shaded) · 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: $31,136
• − Mortgage interest: −$8,122
• − Property taxes: −$2,751
• − Insurance: −$1,522
• − Repairs & maintenance: −$2,491
• − Management: −$2,491
• − HOA: −$8,856
• − Depreciation: −$4,218
• Taxable income: $685
• Est. tax owed @ 24.0%: −$164
• After-tax cash flow: $2,179/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

• Census place: Largo, FL
• 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

+195.9% since first listed

18 events — show timeline

• 2026-04-27 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-10 Price Changed $154,999 Stellar MLS as Distributed by MLS Grid
• 2025-06-17 Rental Removed $1,750 STELLARMLS
• 2025-05-31 Price Changed $1,750 STELLARMLS
• 2025-05-08 Listed $159,999 Stellar MLS as Distributed by MLS Grid
• 2025-05-05 Price Changed $1,899 STELLARMLS
• 2025-04-08 Listed for Rent $2,099 STELLARMLS
• 2022-11-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-08-08 Listed $210,000 Stellar MLS as Distributed by MLS Grid
• 2018-12-10 Sold (Public Records) $84,000 Public Records
• 2018-12-07 Sold (MLS) $84,000 Stellar MLS as Distributed by MLS Grid
• 2018-11-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-11-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-10-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-10-09 Listed $85,000 Stellar MLS as Distributed by MLS Grid
• 1992-12-28 Sold (Public Records) $45,000 Public Records
• 1984-01-01 Sold (Public Records) $49,000 Public Records

Property tax history

+7.4%/yr

Latest (2025): $2,751 · +7.6% YoY. Source: county tax records.