11945 143rd St #7325 · Largo, FL 33774

$130,000

1 bd · 1.0 ba · 665 sqft · Condo public records · 22 Days on market

Built 1982 $363/mo HOA · 19% 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 +27.6/30.0
• 1% rule +9.8/10.0
• DSCR +9.7/10.0
• ARV discount +7.5/15.0
• 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. NOW AVAILABLE in the highly sought-after Lakeview of Largo South! This 1-bedroom, 1-bath condo offers the perfect opportunity to redesign and modernize the space to fit your personal style. Enjoy peaceful water views right from your private balcony, along with the convenience of an inside washer and dryer hookup and a spacious walk-in closet in the bedroom. Located on the 3rd floor with elevator access, you’ll appreciate having no neighbors above you. Lakeview of Largo South offers resort-style amenities including a heated pool, hot tub, shuffleboard courts, outdoor BBQ grills, and a clubhouse complete with a full kitchen that opens directly to

Key facts

• Private balcony
• No neighbors above
• Elevator access

Tags

• PRIVATE BALCONY
• INSIDE WASHER AND DRYER HOOKUP
• SPACIOUS WALK-IN CLOSET
• ELEVATOR ACCESS
• NO NEIGHBORS ABOVE
• HEATED POOL

Property features AI

Finance

• Other: Unfurnished
• Financial info: Total monthly fees $363, total annual fees $4,356; Lease restrictions apply
• HOA & community: Has HOA; Monthly condo fee of $363; Association amenities include clubhouse, pool, laundry, recreation facilities, shuffleboard court, spa/hot tub; Association fee covers cable TV, common area taxes, pool, escrow reserves, internet, structure maintenance, grounds maintenance, sewer and water; Buyer approval required; Association approval required; Community features include owned recreation, clubhouse, pool and sidewalks; Senior community; Pets not allowed

Exterior

• Parking: Assigned parking; Guest parking; On-street parking; Open parking; 1-car carport
• Utilities: Public water; Public sewer; Public utilities; Irrigation equipment
• Home design: Condominium; Residential property; Third floor unit; Faces east; Completed condition
• Construction: Block, concrete and frame construction; Other roof; Slab foundation; Built as part of the Oleander building
• Exterior features: Covered patio/porch; Screened patio/porch; Exterior lighting; Sidewalk; Sliding doors

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Walk-in closet(s); Window treatments; Building has elevator
• Laundry & utility: Washer hookup; Dryer hookup (electric); Inside laundry; Laundry closet

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 4.3% 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: Anona Elementary School (math 80% / reading 67%, grade A, #260 of 2,144 statewide, top 13%, 473 students, 45% FRL); Seminole Middle School (math 55% / reading 53%, grade B-, #196 of 571 statewide, top 36%, 824 students, 49% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents rising (+2.0%/yr); 212 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 6d 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 $899 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 22 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $37k; list at $130k implies a 251% gain — meaningful room to come down on a strong offer.

Recommended offer $128,050 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.48% ✓
• Cap rate: 9.87%
• Cash-on-cash: 12.76%
• DSCR: 1.57
• GRM: 5.6

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: 1.4%
• Equity multiple: 1.05×
• Total profit: $1,864
• Equity at exit: $19,383

10-year hold

• IRR: 9.9%
• Equity multiple: 1.73×
• Total profit: $26,439
• Equity at exit: $11,240

Cash invested: $36,400 (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: 212
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,924 high
• Mortgage (P&I): −$682
• Tax from tax record: −$34 /mo · $406/yr
• Insurance: −$54
• HOA: −$363
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $387

Break-even live

Break-even rent $1,434

Max offer price $130,000

Occupancy floor 75%

Sensitivity live

Price	-10% $461	-5% $424	+0% $387	+5% $350	+10% $314
Rent	-10% $235	-5% $311	+0% $387	+5% $463	+10% $539
Rate	-1.0pp $453	-0.5pp $420	base $387	+0.5pp $353	+1.0pp $319

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14531 Walsingham Rd Largo, FL	2.0	1.0–2.0	657	$2,200	$3.35	26d	3	0.25mi
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$1,450	$1.57	0d	5	0.54mi
13300 Walsingham Rd Largo, FL	1.0–4.0	1.0–2.0	1060	$1,395	$1.32	26d	1	0.80mi
717 E Gulf Blvd Apt 2 Indian Rocks Beach, FL	—	1.0	400	$1,500	$3.75	21d	1	0.84mi
720 E Gulf Blvd Unit B Indian Rocks Beach, FL	2.0	1.0	748	$2,600	$3.48	22d	1	0.87mi
206 Bates Ave Indian Rocks Beach, FL	1.0	1.0	600	$1,945	$3.24	0d	1	0.88mi
206 Bates Ave Unit E Indian Rocks Beach, FL	1.0	1.0	600	$1,945	$3.24	6d	1	0.88mi
12800 Vonn Rd Largo, FL	1.0–2.0	1.0	810	$1,185	$1.46	0d	16	0.97mi
13125 Wilcox Rd Largo, FL	1.0–2.0	1.0–2.0	840	$1,533	$1.82	3d	8	1.15mi
2200 Gladys St Largo, FL	1.0–2.0	1.0–1.5	677	$1,095	$1.62	26d	1	1.28mi
103 18th Ave Unit 6A Indian Rocks Beach, FL	1.0	1.0	445	$1,750	$3.93	6d	1	1.43mi
103 18th Ave Unit 6A Indian Rocks Beach, FL	1.0	1.0	445	$1,750	$3.93	0d	1	1.43mi

HOA detail condo

• Monthly dues: $363 · $4,356/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 13 events

1. 2026-06-13
   remarks 693-char remark
2. 2026-06-13
   statusdays on market $130,000 Pending 22 DOM
3. 2026-06-09
   days on market $130,000 Active 20 DOM
4. 2026-06-08
   days on market $130,000 Active 19 DOM
5. 2026-06-07
   days on market $130,000 Active 18 DOM
6. 2026-06-04
   days on market $130,000 Active 15 DOM
7. 2026-06-03
   days on market $130,000 Active 14 DOM
8. 2026-06-02
   days on market $130,000 Active 13 DOM
9. 2026-06-01
   days on market $130,000 Active 12 DOM
10. 2026-05-31
    days on market $130,000 Active 11 DOM
11. 2026-05-20
    listed $130,000 Active
12. 1987-01-22
    soldstatus $37,000
13. 1984-05-01
    soldstatus $45,000

ⓘ 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: $406 · $34/mo
• Projected year-2 tax: $1,079 · $90/mo
• Expected delta: +$673/yr (+$56/mo · 165.7%)

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

Taxation est. · year 1

• Rental income: $23,086
• − Mortgage interest: −$7,282
• − Property taxes: −$406
• − Insurance: −$650
• − Repairs & maintenance: −$1,847
• − Management: −$1,847
• − HOA: −$4,356
• − Depreciation: −$3,782
• Taxable income: $2,916
• Est. tax owed @ 24.0%: −$700
• After-tax cash flow: $3,945/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

+188.9% since first listed

3 events — show timeline

• 2026-05-20 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 1987-01-22 Sold (Public Records) $37,000 Public Records
• 1984-05-01 Sold (Public Records) $45,000 Public Records

Property tax history

-6.0%/yr

Latest (2025): $406 · +4.9% YoY. Source: county tax records.