11300 124th Ave #70 · Largo, FL 33778

$159,000

2 bd · 1.0 ba · 732 sqft · Manufactured public records · 171 Days on market

Built 1973 $235/mo HOA · 13% 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 +19.6/30.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• DSCR +6.2/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This newly listed well-appointed two-bedroom, two-bath residence is situated within Bel Aire Mobile Village, an established 55-plus community tailored for comfortable living. Residents benefit from a modest $235.00 monthly maintenance fee, which encompasses water, sewer, waste disposal, and lawn services. The community features desirable amenities, including a clubhouse, swimming pool, shuffleboard facilities, and various recreational options, offering residents ample opportunities for engagement and activity. Additionally, the community permits one small pet, contributing to a pleasant and accommodating living environment. INTERIOR: Get excited about this fully furnished home (seller will

Key facts

• Clubhouse
• Central heat and air
• Swimming pool

Tags

• 55 PLUS COMMUNITY
• CLUBHOUSE
• SWIMMING POOL
• SHUFFLEBOARD FACILITIES
• FULLY FURNISHED HOME
• CENTRAL HEAT AND AIR

Property features AI

Finance

• Other: Association contact: Vicki McCormick
• Financial info: Total annual fees $2,820; Property is furnished
• HOA & community: HOA with monthly fee; Monthly association fee $235; Association amenities: clubhouse, pool, laundry, recreation facilities, shuffleboard court; Association fee includes pool, escrow reserves, grounds maintenance, management, recreational facilities, sewer, trash, water; Senior community; Buyer approval required; Golf carts allowed; Sidewalks

Exterior

• Parking: Carport (2 spaces)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Mobile home (single wide); One story; South-facing
• Construction: Vinyl siding; Roof over; Crawlspace foundation
• Exterior features: Enclosed patio/porch; Front porch; Private mailbox; Sidewalks; Paved lot; Asphalt road access; Shed(s)

Interior

• Kitchen: Microwave; Range; Refrigerator; Eat-in kitchen
• Bedrooms: 2 bedrooms; Florida room (additional living space)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Open floorplan; Split bedroom layout; Thermostat; Window treatments
• Laundry & utility: Washer; Electric water heater; Laundry facilities (community/association)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $159k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $140k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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: Fuguitt Elementary School (math 48% / reading 50%, grade D, #1,134 of 2,144 statewide, top 54%, 479 students, 68% FRL); Osceola Middle School (math 48% / reading 45%, grade D+, #297 of 571 statewide, top 52%, 1,009 students, 52% FRL); Richard O Jacobson Technical High School At Seminole (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 578 students, 45% FRL).
• Market conditions: Rents rising (+1.4%/yr); 140 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 33% of the median local income ($65k/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 $5k 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 171 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $44k; list at $159k implies a 261% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 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 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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: 1.14% ✓
• Cap rate: 7.68%
• Cash-on-cash: 4.97%
• DSCR: 1.22
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $46,848
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12766 Seminole Blvd #58	0.29mi	1/1.5 (-1)	686 (-6%)	5mo	$44,000	$64	65
11300 124th Ave #69	0.00mi	2/1.0	624 (-15%)	13mo	$25,000	$40	65
12766 Seminole Blvd #24	0.29mi	2/1.5	624 (-15%)	16mo	$60,000	$96	47

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 · 1.38% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.62×
• Total profit: $-16,818
• Equity at exit: $23,707

10-year hold

• IRR: -3.9%
• Equity multiple: 0.76×
• Total profit: $-10,605
• Equity at exit: $13,747

Cash invested: $44,520 (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 33778

• Rents YoY: 1.4%
• Active inventory: 140
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,815 high
• Mortgage (P&I): −$834
• Tax from tax record: −$114 /mo · $1,372/yr
• Insurance: −$66
• HOA: −$235
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $184

Break-even live

Break-even rent $1,582

Max offer price $159,000

Occupancy floor 85%

Sensitivity live

Price	-10% $274	-5% $229	+0% $184	+5% $139	+10% $94
Rent	-10% $41	-5% $113	+0% $184	+5% $256	+10% $328
Rate	-1.0pp $264	-0.5pp $225	base $184	+0.5pp $143	+1.0pp $101

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	9d	1	0.67mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,395	$2.35	4d	23	0.86mi
10546 106th Ave N Unit a Largo, FL	1.0	1.0	624	$1,223	$1.96	26d	1	1.19mi
10464 106th Ave N Unit 2 Largo, FL	1.0	1.0	500	$1,250	$2.50	15d	1	1.23mi
10464 106th Ave N Unit 2 Largo, FL	1.0	1.0	500	$1,200	$2.40	26d	1	1.23mi
10165 106th Ter Unit 1 Largo, FL	1.0	1.0	624	$1,325	$2.12	26d	1	1.29mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$1,870	$1.75	3d	1	1.38mi

HOA detail

• Monthly dues: $235 · $2,820/yr
• Likely covers: watersewerpool

Listing history 16 events

1. 2026-06-22
   days on market $159,000 Active 171 DOM
2. 2026-06-18
   days on market $159,000 Active 168 DOM
3. 2026-06-17
   days on market $159,000 Active 167 DOM
4. 2026-06-16
   days on market $159,000 Active 166 DOM
5. 2026-06-15
   days on market $159,000 Active 165 DOM
6. 2026-06-13
   days on market $159,000 Active 163 DOM
7. 2026-06-09
   days on market $159,000 Active 159 DOM
8. 2026-06-08
   days on market $159,000 Active 158 DOM
9. 2026-06-07
   days on market $159,000 Active 157 DOM
10. 2026-06-04
    days on market $159,000 Active 154 DOM
11. 2026-06-03
    days on market $159,000 Active 153 DOM
12. 2026-06-01
    days on market $159,000 Active 151 DOM
13. 2026-05-31
    days on market $159,000 Active 150 DOM
14. 2026-01-01
    listed $159,000 Active
15. 2006-07-01
    soldstatus $44,000
16. 2004-02-01
    soldstatus $32,000

ⓘ 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: $1,372 · $114/mo
• Projected year-2 tax: $1,372 · $114/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 5/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 22 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: $21,778
• − Mortgage interest: −$8,906
• − Property taxes: −$1,372
• − Insurance: −$795
• − Repairs & maintenance: −$1,742
• − Management: −$1,742
• − HOA: −$2,820
• − Depreciation: −$4,625
• Taxable loss: −$226
• Est. tax savings @ 24.0%: +$54
• After-tax cash flow: $2,266/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): 16,807
• Household income: $65,355
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 261.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 11% Black 9% Asian 2%
• Hispanic origin (detail): Puerto Rican 3% Cuban 6%
• Common ancestry: Romanian 3% Italian 3% Lithuanian 3%
• Foreign-born: 13% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 10% Vietnamese 1% French/Haitian/Cajun 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: ▼ -320.64%
• Current HPI: 369.3008
• Rent YoY: ▲ 1.38%
• 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

+396.9% since first listed

3 events — show timeline

• 2026-01-01 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 2006-07-01 Sold (Public Records) $44,000 Public Records
• 2004-02-01 Sold (Public Records) $32,000 Public Records

Property tax history

+6.6%/yr

Latest (2025): $1,372 · -4.7% YoY. Source: county tax records.