4061 58th Ave N #127 · Lealman, FL 33714

$59,900

2 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 174 Days on market

Built 1979 5.98 ac lot $105/mo HOA · 6% of rent

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SELLER FINANCING AVAILABLE!!! Shared Value currently at $22,500. Partially Furnished Double wide Manufactured Home with over 1,000 square feet living space. Built in 1979, this home features 2 bedrooms, 2 baths, Living room, and a formal dining room with built-in cabinets. Carpet and vinyl flooring throughout, room for washer and dryer and a 9x12 Bonus room accessible from Carport and Master Suite. Lots of extra storage space in the 6x7 storage shed. 55+ resident owned community with clubhouse and shuffleboard courts. Great location with easy access to all amenities. THIS IS A MOTIVATED SELLER. .. BRING HIM A RESONABLE OFFER TODAY!!

Key facts

• 6x7 utility shed
• 9x12 bonus room
• Prime location

Tags

• UPDATED SECONDARY BATHROOM
• DEDICATED LAUNDRY AREA
• 9X12 BONUS ROOM
• 6X7 UTILITY SHED
• PRIME LOCATION

Property features AI

Finance

• Other: Property type: Residential, Manufactured Home; Body type: Double Wide; Lot size approximately 5.98 acres (5 to less than 10 acres); Road surface: Paved; Zoning: R-6; Furnished: Yes
• Financial info: Total annual HOA fees $1,260; No lease restrictions indicated
• HOA & community: Has HOA (monthly fee $105); Association approval required; Association amenities: Clubhouse, Shuffleboard court; Association fee includes maintenance of structure, sewer, trash; Senior community; Pets allowed (dogs OK), max pet weight 25 lbs

Exterior

• Parking: Has carport; 1 carport space
• Security: No security features listed
• Utilities: Public water; Public sewer; Cable available
• Home design: Residential manufactured home (double wide); One story; Faces west
• Construction: Frame construction; Metal roof; Pillar/Post/Pier foundation; Built as double wide
• Exterior features: Patio; Awning(s); Private mailbox; Storage; Shed(s)

Interior

• Kitchen: Microwave; Range; Refrigerator; Dishwasher (not listed) — not specified
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Walk-in closet(s); None (no additional interior features listed)
• Laundry & utility: Laundry closet; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $60k.

Deal economics

• At list price, monthly cash flow is $880 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.9% vs local median 4.7% in Lealman — 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 81/100 on livability (#83 in FL, #1,394 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, schools F, employment 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 soft (-2.1%/yr); 165 active listings in the ZIP; 40 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).
• At $1,872/mo this rent would consume 47% of the median local household income ($47k/yr) (locally 915% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $414 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 $17k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 174 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 13y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $60k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price.
• Climate carrying-cost: 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 $52,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 174 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. 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.
10. 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.
11. 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: 3.13% ✓
• Cap rate: 23.93%
• Cash-on-cash: 62.97%
• DSCR: 3.80
• GRM: 2.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 58.1%
• Equity multiple: 3.44×
• Total profit: $41,007
• Equity at exit: $8,931

10-year hold

• IRR: 61.7%
• Equity multiple: 6.20×
• Total profit: $87,267
• Equity at exit: $5,179

Cash invested: $16,772 (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 33714

• Home prices YoY: -30.9%
• Rents YoY: -2.1%
• Active inventory: 165
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,872 high
• Mortgage (P&I): −$314
• Tax from tax record: −$155 /mo · $1,856/yr
• Insurance: −$25
• HOA: −$105
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $880

Break-even live

Break-even rent $758

Max offer price $59,900

Occupancy floor 48%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4091 58th Ave N Unit F St. Petersburg, FL	2.0	1.0	900	$1,595	$1.77	2d	1	0.05mi
5301 40th St N Saint Petersburg, FL	2.0	1.0	720	$1,950	$2.71	1d	1	0.34mi
5541 Lown St N Apt S St. Petersburg, FL	2.0	1.0	850	$1,600	$1.88	7d	1	0.41mi
3584 54th Ave N Saint Petersburg, FL	3.0	1.0	1012	$1,950	$1.93	4d	1	0.51mi
3715 66th Ave N Unit B Pinellas Park, FL	2.0	1.0	750	$1,475	$1.97	21d	1	0.58mi
3947 Mohr Ave N Unit 1 St. Petersburg, FL	2.0	1.0	767	$1,450	$1.89	14d	1	0.74mi
3600 49th Ave N Saint Petersburg, FL	1.0–2.0	1.0	680	$1,600	$2.35	3d	8	0.76mi
3580 49th Ave N St. Petersburg, FL	2.0	1.0	790	$1,425	$1.80	3d	1	0.76mi
3114 58th Ave N Saint Petersburg, FL	2.0	1.0	800	$1,950	$2.44	4d	1	0.77mi
3560 49th Ave N St. Petersburg, FL	2.0	1.0	790	$1,425	$1.80	13d	1	0.78mi
3560 49th Ave N St. Petersburg, FL	2.0	1.0	790	$1,425	$1.80	11d	1	0.78mi
3132 56th Ave N Saint Petersburg, FL	3.0	2.0	1063	$2,850	$2.68	24d	1	0.79mi
4732 68th Ave N Pinellas Park, FL	2.0	3.0	1210	$2,000	$1.65	24d	1	0.82mi
4057 71st Ter N Pinellas Park, FL	3.0	2.5	1420	$2,650	$1.87	4d	1	0.84mi
4631 69th Pl N Pinellas Park, FL	3.0	2.5	1420	$2,595	$1.83	24d	1	0.85mi
6898 47th Ln N Pinellas Park, FL	3.0	2.5	1500	$2,525	$1.68	24d	1	0.89mi
5200 28th St N Unit 402 St. Petersburg, FL	2.0	2.0	850	$1,995	$2.35	16d	1	0.98mi
5200 28th St N Unit 628 St. Petersburg, FL	2.0	1.0	872	$2,200	$2.52	24d	1	0.98mi
7050 48th St N Pinellas Park, FL	3.0	1.5	1008	$2,350	$2.33	24d	1	0.99mi
4675 72nd Ave N Pinellas Park, FL	2.0	1.0	750	$1,649	$2.20	21d	1	1.02mi
6379 29th St N Saint Petersburg, FL	3.0	2.0	1323	$2,869	$2.17	24d	1	1.07mi
4520 76th Ave N Pinellas Park, FL	2.0	1.0	700	$1,545	$2.21	24d	1	1.13mi
4071 76th Ave N Pinellas Park, FL	2.0	1.0	700	$1,724	$2.46	3d	3	1.14mi
2734 62nd Ave N Apt 3 St. Petersburg, FL	2.0	1.5	833	$1,895	$2.27	24d	1	1.16mi
5261 48th Ter N Saint Petersburg, FL	3.0	2.0	1283	$2,400	$1.87	10d	1	1.17mi
5401 65th Ter Apt B Pinellas Park, FL	2.0	2.0	832	$1,450	$1.74	24d	1	1.21mi
2715 63rd Ter N Unit B St. Petersburg, FL	2.0	2.0	1030	$1,900	$1.84	24d	1	1.22mi
3735 39th Ave N Saint Petersburg, FL	2.0	1.0	1291	$2,200	$1.70	4d	1	1.22mi
3910 44th St N Unit C9 Saint Petersburg, FL	2.0	1.0	965	$1,395	$1.45	13d	1	1.22mi
5038 54th Way N Saint Petersburg, FL	3.0	2.0	1366	$2,500	$1.83	24d	1	1.23mi
5290 48th Ave N Saint Petersburg, FL	3.0	1.0	1320	$2,415	$1.83	4d	1	1.24mi
5511 65th Ter N Pinellas Park, FL	3.0	2.0	1212	$2,466	$2.03	14d	1	1.28mi
2600 52nd Ave N Unit B St. Petersburg, FL	2.0	2.0	857	$2,275	$2.65	2d	1	1.28mi
2600 52nd Ave N Unit A St. Petersburg, FL	2.0	2.0	1018	$2,225	$2.19	2d	1	1.28mi
4082 38th Ave N Saint Petersburg, FL	2.0	1.0	775	$2,400	$3.10	4d	1	1.29mi
4129 32nd St N Unit B St. Petersburg, FL	3.0	1.0	1000	$2,150	$2.15	24d	1	1.31mi
4220 37th Ave N Saint Petersburg, FL	3.0	1.0	1245	$2,250	$1.81	17d	1	1.36mi
5060 76th Ave N #409 Pinellas Park, FL	1.0	1.0	750	$1,295	$1.73	21d	1	1.38mi
5597 67th Ave N Unit 423 Pinellas Park, FL	2.0	2.0	845	$2,000	$2.37	1d	1	1.40mi
2275 62nd Ave N #203 St Petersburg, FL	2.0	2.0	940	$1,975	$2.10	24d	1	1.45mi

HOA detail

• Monthly dues: $105 · $1,260/yr

Listing history 27 events

1. 2026-06-07
   status $59,900 Pending 174 DOM
2. 2026-06-04
   days on market $59,900 Active 174 DOM
3. 2026-06-03
   days on market $59,900 Active 173 DOM
4. 2026-06-01
   days on market $59,900 Active 171 DOM
5. 2026-05-31
   days on market $59,900 Active 170 DOM
6. 2026-04-16
   price $59,900
7. 2026-03-09
   status Active
8. 2026-02-17
   status Pending
9. 2026-01-02
   status Active
10. 2025-12-31
    status Pending
11. 2025-12-17
    price $65,500
12. 2025-11-19
    listed $70,000 Active
13. 2014-11-12
    soldstatus $30,000 Sold 640-char remark

    Show marketing remark (640 chars)

    SELLER FINANCING AVAILABLE!!! Shared Value currently at $22,500. Partially Furnished Double wide Manufactured Home with over 1,000 square feet living space. Built in 1979, this home features 2 bedrooms, 2 baths, Living room, and a formal dining room with built-in cabinets. Carpet and vinyl flooring throughout, room for washer and dryer and a 9x12 Bonus room accessible from Carport and Master Suite. Lots of extra storage space in the 6x7 storage shed. 55+ resident owned community with clubhouse and shuffleboard courts. Great location with easy access to all amenities. THIS IS A MOTIVATED SELLER. .. BRING HIM A RESONABLE OFFER TODAY!!

14. 2014-09-23
    listed $34,900 Active 640-char remark

    Show marketing remark (640 chars)

    SELLER FINANCING AVAILABLE!!! Shared Value currently at $22,500. Partially Furnished Double wide Manufactured Home with over 1,000 square feet living space. Built in 1979, this home features 2 bedrooms, 2 baths, Living room, and a formal dining room with built-in cabinets. Carpet and vinyl flooring throughout, room for washer and dryer and a 9x12 Bonus room accessible from Carport and Master Suite. Lots of extra storage space in the 6x7 storage shed. 55+ resident owned community with clubhouse and shuffleboard courts. Great location with easy access to all amenities. THIS IS A MOTIVATED SELLER. .. BRING HIM A RESONABLE OFFER TODAY!!

15. 2014-09-22
    historical
16. 2014-09-17
    price $34,900
17. 2014-07-23
    listed $39,900 Active
18. 2014-07-20
    historical
19. 2014-06-10
    historical
20. 2014-04-09
    status Active
21. 2014-04-09
    historical
22. 2014-04-09
    status Active
23. 2014-04-09
    price $35,000
24. 2014-04-07
    status Active
25. 2014-04-07
    historical
26. 2013-10-17
    listed $40,000 Active
27. 1992-05-11
    soldstatus $15,600

ⓘ 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: $1,856 · $155/mo
• Projected year-2 tax: $1,856 · $155/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 X (unshaded) · 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,464
• − Mortgage interest: −$3,355
• − Property taxes: −$1,856
• − Insurance: −$300
• − Repairs & maintenance: −$1,797
• − Management: −$1,797
• − HOA: −$1,260
• − Depreciation: −$1,743
• Taxable income: $10,357
• Est. tax owed @ 24.0%: −$2,486
• After-tax cash flow: $8,076/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 — Lealman

• Score: 81/100
• State rank: #83
• US rank: #1394

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lealman, FL
• County: Pinellas County · 939,478 people
• City population: 20,103
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 19,227
• Household income: $47,487
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 915.0

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 0.55)
• Race & ethnicity: White 64% Hispanic / Latino 13% Two or more races 12% Black 10% Asian 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2% Cuban 6% Dominican 1%
• Common ancestry: Slovak 2% Italian 2% Romanian 2%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 79% English-only · Spanish 11% Russian/Polish/Slavic 4% Vietnamese 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: ▼ -179.12%
• Current HPI: 399.6253
• Rent YoY: ▼ -2.08%
• 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

+284.0% since first listed

22 events — show timeline

• 2026-04-16 Price Changed $59,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-31 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Price Changed $65,500 Stellar MLS as Distributed by MLS Grid
• 2025-11-19 Listed $70,000 Stellar MLS as Distributed by MLS Grid
• 2014-11-12 Sold (MLS) $30,000 Stellar MLS as Distributed by MLS Grid
• 2014-09-23 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2014-09-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-09-17 Price Changed $34,900 Stellar MLS as Distributed by MLS Grid
• 2014-07-23 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 2014-07-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-04-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-04-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-04-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-04-09 Price Changed $35,000 Stellar MLS as Distributed by MLS Grid
• 2014-04-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-04-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-10-17 Listed $40,000 Stellar MLS as Distributed by MLS Grid
• 1992-05-11 Sold (Public Records) $15,600 Public Records

Property tax history

+6.6%/yr

Latest (2025): $1,856 · +470.4% YoY. Source: county tax records.