1601 Idle Dr · Largo, FL 33756

$460,000

3 bd · 2.0 ba · 2,048 sqft · SingleFamily public records · 137 Days on market

Built 1964 10,093 sqft lot Est $561k · 18% under

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +13.0/30.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +3.9/10.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MAGNIFICENT 3 BEDROOM HOME SITUATED ON A LARGE, FENCED LOT! Beautiful updated home boasting large living areas, spacious bedrooms, wood floors, fireplace. .. IMMACULATE! Roof just 8 years new; Air system new in 2009; granite kitchen with updated cabinets; PVC fencing done in 2006; security system. Wonderful split bedroom plan with a large master having 2 small walk in closets. Most windows have been replaced. Huge back yard with stone paved patio and plenty of room for a pool. Make sure to check out the pictures. This is an amazing home in an equally amazing neighborhood.

Key facts

• Walk-in shower
• Large florida room
• En-suite bathroom

Tags

• SOLID BLOCK CONSTRUCTION
• LARGE FLORIDA ROOM
• WOOD-BURNING FIREPLACE
• EN-SUITE BATHROOM
• WALK-IN SHOWER
• JACUZZI BATHTUB

Property features AI

Finance

• Other: Lot size approximately 0.23 acres (dimensions approx. 97 x 104)
• Financial info: No lease restrictions; Unfurnished
• HOA & community: No association

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single-family residence; One story; Home faces north; Homestead exempt
• Construction: Block construction; Shingle roof; Slab foundation; Built as single-story (one level)
• Exterior features: Rear porch; Rain gutters; Fruit trees on the lot; Paved road access

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Tile; Wood; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Crown molding; Split bedroom floor plan; Wood-burning fireplace
• Laundry & utility: Washer; Dryer; Laundry located in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $460k.

Deal economics

• At list price, monthly cash flow is $-28 ($-333/yr) — negative.
• To cash-flow at today's rent, offer at most $455k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $352k (23.5% below list).
• Recommended offer: $352k (23.5% below list) — sets the bar for 1% rule.
• Cap rate 6.2% 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.
• Market conditions: Rents soft (-2.2%/yr); 355 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,518/mo this rent would consume 68% of the median local household income ($62k/yr) (locally 1868% 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 $3k of loan paydown is wiped out by about $14k 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 137 days — a 12% lower offer ($405k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 15y ago; this cycle's ask has dropped $79k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $152k; list at $460k implies a 203% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $351,826 (23.5% 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 137 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. 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.
8. 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.
9. 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: 0.76% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.26%
• DSCR: 0.99
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $561,152
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1897 Harmony Dr	0.22mi	3/2.0	1,963 (-4%)	17mo	$557,000	$284	68
800 Embassy Rd	0.35mi	3/2.0	1,862 (-9%)	10mo	$567,000	$305	60
418 Imperial Dr	0.64mi	4/3.0 (+1)	2,028 (-1%)	6mo	$555,000	$274	54
1525 Alexander Way	0.50mi	3/2.0	1,870 (-9%)	10mo	$595,000	$318	54
1739 Woodridge Dr	0.43mi	3/2.0	1,835 (-10%)	11mo	$399,000	$217	53
1049 Fay Ave	0.58mi	3/2.0	1,854 (-10%)	9mo	$400,000	$216	50
896 Imperial Dr	0.39mi	4/3.0 (+1)	2,255 (+10%)	9mo	$492,000	$218	48
1270 Alexander Way	0.52mi	3/2.0	1,871 (-9%)	16mo	$610,000	$326	48
461 Deville Dr E	0.67mi	3/2.0	1,804 (-12%)	4mo	$470,000	$261	45
1354 Chesterfield Dr	0.69mi	4/2.0 (+1)	1,846 (-10%)	22mo	$487,000	$264	28
412 Deville Dr E	0.68mi	4/3.0 (+1)	1,798 (-12%)	18mo	$625,000	$348	24

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.8%
• Equity multiple: 0.33×
• Total profit: $-86,791
• Equity at exit: $68,587

10-year hold

• IRR: -19.7%
• Equity multiple: 0.08×
• Total profit: $-118,409
• Equity at exit: $39,772

Cash invested: $128,800 (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 33756

• Rents YoY: -2.2%
• Active inventory: 355
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $3,518 high
• Mortgage (P&I): −$2,412
• Tax from tax record: −$203 /mo · $2,438/yr
• Insurance: −$192
• HOA: −$0
• Vacancy / Maint / Mgmt: −$739
• Net cashflow: $-28

Break-even live

Break-even rent $3,553

Max offer price $455,103

Occupancy floor 96%

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: $115,000
• Closing costs: $13,800
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1596 Idle Dr NE Unit 1379462P Clearwater, FL	4.0	2.0	1776	$5,225	$2.94	3d	1	0.07mi
802 Embassy Rd Largo, FL	4.0	2.0	2225	$3,499	$1.57	4d	1	0.31mi
1679 Leisure Dr Clearwater, FL	3.0	2.0	1497	$3,200	$2.14	2d	1	0.32mi
897 Imperial Dr Unit 1244950P Largo, FL	4.0	3.0	1646	$6,372	$3.87	3d	1	0.39mi
709 Highland Ave N Largo, FL	3.0	3.0	1884	$2,995	$1.59	4d	1	0.47mi
1441 Alexander Way Clearwater, FL	4.0	3.0	2885	$1,400	$0.49	4d	1	0.53mi
1773 Eaton Dr Unit 1032113P Clearwater, FL	3.0	2.0	1991	$6,090	$3.06	14d	1	0.60mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$2,160	$1.97	3d	11	0.60mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$2,260	$1.90	1d	38	0.66mi
1812 Lady Mary Dr Clearwater, FL	3.0	2.0	1531	$2,800	$1.83	3d	1	0.70mi
1354 Chesterfield Dr Unit 1039504P Clearwater, FL	4.0	2.0	1840	$6,710	$3.65	2d	1	0.72mi
1899 Oak Park Dr S Unit 1524599P Clearwater, FL	4.0	3.0	1948	$11,612	$5.96	21d	1	0.85mi
1526 Caldera Ct Clearwater, FL	3.0	2.5	1816	$2,900	$1.60	14d	1	0.96mi
225 Country Club Dr #1404 Largo, FL	2.0	2.0	1440	$1,700	$1.18	4d	1	0.96mi
1588 Eunice Ln Clearwater, FL	4.0	2.0	1780	$2,731	$1.53	7d	1	0.97mi
1500 Laurel Cir Clearwater, FL	3.0	2.0	1530	$2,650	$1.73	4d	1	0.98mi
1310 Bayview Dr Clearwater, FL	3.0	2.0	1500	$3,300	$2.20	24d	1	1.00mi
1342 Belleair Rd Clearwater, FL	4.0	2.0	1695	$2,845	$1.68	20d	1	1.03mi
9122 Jakes Path Largo, FL	3.0	2.5	1461	$2,600	$1.78	24d	1	1.17mi
1619 Pinewood Dr Clearwater, FL	2.0	2.0	1507	$2,425	$1.61	24d	1	1.33mi
1429 S Evergreen Ave Clearwater, FL	4.0	2.0	1782	$2,781	$1.56	4d	1	1.34mi
1200 Country Club Dr #6204 Largo, FL	3.0	2.0	1575	$2,600	$1.65	4d	1	1.40mi
960 Starkey Rd #8206 Largo, FL	3.0	2.0	1836	$2,700	$1.47	24d	1	1.44mi

Listing history 12 events

1. 2026-05-06
   status Pending
2. 2026-04-29
   price $460,000
3. 2026-04-16
   price $470,000
4. 2026-04-04
   price $480,000
5. 2026-03-25
   price $490,000
6. 2026-01-29
   price $499,900
7. 2026-01-20
   price $530,000
8. 2025-12-19
   listed $539,000 Active
9. 2011-05-13
   soldstatus $152,000
10. 2011-05-09
    soldstatus $152,000 579-char remark

    Show marketing remark (579 chars)

    MAGNIFICENT 3 BEDROOM HOME SITUATED ON A LARGE, FENCED LOT! Beautiful updated home boasting large living areas, spacious bedrooms, wood floors, fireplace. .. IMMACULATE! Roof just 8 years new; Air system new in 2009; granite kitchen with updated cabinets; PVC fencing done in 2006; security system. Wonderful split bedroom plan with a large master having 2 small walk in closets. Most windows have been replaced. Huge back yard with stone paved patio and plenty of room for a pool. Make sure to check out the pictures. This is an amazing home in an equally amazing neighborhood.

11. 2011-03-30
    listed $159,900 579-char remark

    Show marketing remark (579 chars)

    MAGNIFICENT 3 BEDROOM HOME SITUATED ON A LARGE, FENCED LOT! Beautiful updated home boasting large living areas, spacious bedrooms, wood floors, fireplace. .. IMMACULATE! Roof just 8 years new; Air system new in 2009; granite kitchen with updated cabinets; PVC fencing done in 2006; security system. Wonderful split bedroom plan with a large master having 2 small walk in closets. Most windows have been replaced. Huge back yard with stone paved patio and plenty of room for a pool. Make sure to check out the pictures. This is an amazing home in an equally amazing neighborhood.

12. 1999-09-02
    soldstatus $129,500

ⓘ 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: $2,438 · $203/mo
• Projected year-2 tax: $3,818 · $318/mo
• Expected delta: +$1,380/yr (+$115/mo · 56.6%)

ⓘ 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 ≥108°F today · 26 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: $42,219
• − Mortgage interest: −$25,767
• − Property taxes: −$2,438
• − Insurance: −$2,300
• − Repairs & maintenance: −$3,378
• − Management: −$3,378
• − Depreciation: −$13,382
• Taxable loss: −$8,423
• Est. tax savings @ 24.0%: +$2,022
• After-tax cash flow: $1,689/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): 32,201
• Household income: $61,872
• Rent vs Own: 38.9% rent · 61.1% own
• Severe rent burden: 1868.0

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: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 18% Black 11% Two or more races 9% Asian 3%
• Hispanic origin (detail): Mexican 8% Puerto Rican 5%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 16% · Canada
• Languages at home: 79% English-only · Spanish 14% Other Indo-European 2% Russian/Polish/Slavic 2%

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: ▼ -438.74%
• Current HPI: 354.6792
• Rent YoY: ▼ -2.22%
• 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

+255.2% since first listed

12 events — show timeline

• 2026-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $460,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Price Changed $470,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Price Changed $480,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $490,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Price Changed $499,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-20 Price Changed $530,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-19 Listed $539,000 Stellar MLS as Distributed by MLS Grid
• 2011-05-13 Sold (Public Records) $152,000 Public Records
• 2011-05-09 Sold (MLS) $152,000 Stellar MLS as Distributed by MLS Grid
• 2011-03-30 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 1999-09-02 Sold (Public Records) $129,500 Public Records

Property tax history

-1.1%/yr

Latest (2025): $2,438 · +6.1% YoY. Source: county tax records.