11300 124th Ave #136 · Largo, FL 33778

$130,000

3 bd · 2.0 ba · 1,484 sqft · Manufactured public records · 122 Days on market

Built 2002 $235/mo HOA · 9% 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 +4.1/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

JUST REDUCED!!! Now available within the well-established Bel Aire Mobile Village, a 55+ community designed to support both relaxed living and an active lifestyle, is an almost 1500 sq ft, 2002,three-bedroom, two-bath split floor plan home. This community welcomes one small pet and features an affordable $235.00 monthly maintenance fee that includes water, sewer, garbage, and lawn care, allowing for low-maintenance, worry-free ownership. Residents enjoy access to a clubhouse for gatherings and events, a refreshing swimming pool, shuffleboard courts, sidewalks ideal for daily strolls, and a variety of recreational facilities that encourage connection and enjoyment throughout the park. INTER

Key facts

• Shuffleboard courts
• Fully furnished home
• 2 parking spots

Tags

• CLUBHOUSE FOR GATHERINGS
• REFRESHING SWIMMING POOL
• SHUFFLEBOARD COURTS
• SIDEWALKS FOR STROLLS
• RECREATIONAL FACILITIES
• FULLY FURNISHED HOME

Property features AI

Finance

• Other: Senior community; Community features: association-owned recreation, buyer approval required, golf carts allowed, sidewalks; Pets allowed (cats and dogs; limits on number and size)
• Financial info: Total monthly fees $235; Total annual fees $2,820; Furnished: Yes
• HOA & community: HOA required (monthly fee $235); Association amenities: clubhouse, laundry, pool, recreation facilities, shuffleboard court; Association fee includes maintenance grounds, management, pool, recreational facilities, sewer, trash, water, escrow reserves

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity available and connected; Water available and connected; Sewer available and connected; Cable available
• Home design: Manufactured home (double wide); One story; North-facing
• Construction: Vinyl siding; Roof over; Crawlspace foundation
• Exterior features: Private mailbox; Sidewalk; Paved lot; Asphalt road access; Shed(s)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Split bedroom layout; Thermostat; Walk-in closets; Window treatments
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry area inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $910 ($11k/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: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.7% 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 rising (+1.4%/yr); 139 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d 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 $2,475/mo this rent would consume 45% of the median local household income ($65k/yr) (locally 261% 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 $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.
• At projected returns (-3.0% appreciation + 1.4% rent growth), your $36k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 122 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $55k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $130k implies a 651% 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 $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 122 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.90% ✓
• Cap rate: 14.70%
• Cash-on-cash: 30.01%
• DSCR: 2.34
• GRM: 4.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.38% rent growth · sell at horizon

5-year hold

• IRR: 22.7%
• Equity multiple: 1.91×
• Total profit: $33,075
• Equity at exit: $19,383

10-year hold

• IRR: 29.5%
• Equity multiple: 3.42×
• Total profit: $88,214
• 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 33778

• Rents YoY: 1.4%
• Active inventory: 139
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $2,475 high
• Mortgage (P&I): −$682
• Tax from tax record: −$74 /mo · $885/yr
• Insurance: −$54
• HOA: −$235
• Vacancy / Maint / Mgmt: −$520
• Net cashflow: $910

Break-even live

Break-even rent $1,322

Max offer price $130,000

Occupancy floor 58%

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11201 122nd Ave Largo, FL	1.0–2.0	1.0–2.0	867	$2,300	$2.65	4d	2	0.14mi
12100 Seminole Blvd Largo, FL	2.0	2.0	1050	$1,750	$1.67	24d	1	0.22mi
11557 124th Ter Largo, FL	3.0	2.0	1601	$3,495	$2.18	18d	1	0.40mi
11707 108th St Unit 1018171P Largo, FL	3.0	2.0	1259	$3,119	$2.48	3d	1	0.45mi
12217 104th Ln Largo, FL	3.0	2.0	1534	$2,495	$1.63	4d	1	0.51mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	24d	1	0.54mi
12651 Seminole Blvd #44 Largo, FL	2.0	1.5	1000	$1,450	$1.45	24d	1	0.58mi
11704 127th Ave Largo, FL	3.0	2.0	1311	$2,345	$1.79	4d	1	0.59mi
10495 118th Ave Largo, FL	3.0	2.0	1169	$2,250	$1.92	4d	1	0.60mi
12293 103rd St Largo, FL	4.0	2.5	1339	$2,469	$1.84	24d	1	0.61mi
11786 126th Ter Largo, FL	4.0	2.0	1242	$2,650	$2.13	20d	1	0.63mi
11290 109th Ln Largo, FL	2.0	1.0	988	$1,995	$2.02	24d	1	0.67mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	8d	1	0.67mi
10560 114th Ter Largo, FL	3.0	1.0	1232	$3,000	$2.44	4d	1	0.69mi
10294 129th Ter Largo, FL	4.0	2.0	1176	$2,119	$1.80	4d	1	0.70mi
12261 Sailwinds Dr #203 Largo, FL	3.0	2.0	1139	$1,800	$1.58	4d	1	0.70mi
13250 Ridge Rd Unit 3B1 Largo, FL	3.0	2.0	1225	$1,975	$1.61	18d	1	0.71mi
11365 115th St Unit 1502692P Largo, FL	4.0	2.0	1819	$6,444	$3.54	2d	1	0.72mi
12293 Sailwinds Dr #203 Largo, FL	3.0	2.0	1155	$2,050	$1.77	14d	1	0.72mi
10887 111th Pl N Largo, FL	3.0	2.0	1300	$2,389	$1.84	22d	1	0.79mi
10100 Sailwinds Blvd N #206 Largo, FL	3.0	2.0	1155	$1,850	$1.60	3d	1	0.80mi
10580 112th Ave Largo, FL	3.0	1.0	925	$1,995	$2.16	4d	1	0.84mi
10155 Sailwinds Blvd S #204 Largo, FL	2.0	2.0	1018	$1,750	$1.72	3d	1	0.85mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,895	$2.84	2d	23	0.86mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	8d	1	0.87mi
10160 Sailwinds Blvd S Largo, FL	2.0	2.0	901	$1,950	$2.16	24d	2	0.87mi
2131 Ridge Rd S #105 Largo, FL	2.0	1.5	1035	$1,850	$1.79	24d	1	0.88mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	4d	1	0.96mi
775 Royal Palm Cir Largo, FL	2.0	2.0	1008	$1,700	$1.69	4d	1	0.96mi
11938 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.98mi
11938 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	17d	1	0.98mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	8d	1	0.99mi
13225 101st St #116 Largo, FL	2.0	2.0	1152	$1,600	$1.39	4d	1	0.99mi
11960 133rd Ave Unit 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.99mi
667 Sugar Palm St Largo, FL	2.0	2.0	1296	$2,500	$1.93	3d	1	1.00mi
11980 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	1.00mi
11980 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	17d	3	1.00mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,700	$2.57	24d	1	1.03mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,300	$2.19	8d	1	1.03mi
10659 108th St Largo, FL	3.0	1.5	1380	$2,550	$1.85	24d	1	1.06mi

HOA detail

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

Listing history 15 events

1. 2026-05-21
   status Pending
2. 2026-05-14
   price $130,000
3. 2026-05-01
   price $133,870
4. 2026-04-24
   price $140,000
5. 2026-04-19
   price $149,300
6. 2026-04-07
   price $153,500
7. 2026-03-24
   price $155,800
8. 2026-03-11
   price $158,500
9. 2026-02-14
   price $165,000
10. 2026-01-19
    listed $185,000 Active
11. 2007-03-28
    listed $124,900
12. 2007-02-08
    listed $124,900
13. 2006-11-06
    listed $129,900
14. 2002-09-01
    soldstatus $17,300
15. 2001-12-01
    soldstatus $13,000

ⓘ 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: $885 · $74/mo
• Projected year-2 tax: $1,079 · $90/mo
• Expected delta: +$194/yr (+$16/mo · 21.9%)

ⓘ 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: $29,697
• − Mortgage interest: −$7,282
• − Property taxes: −$885
• − Insurance: −$650
• − Repairs & maintenance: −$2,376
• − Management: −$2,376
• − HOA: −$2,820
• − Depreciation: −$3,782
• Taxable income: $9,527
• Est. tax owed @ 24.0%: −$2,286
• After-tax cash flow: $8,638/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

+900.0% since first listed

15 events — show timeline

• 2026-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Price Changed $133,870 Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Price Changed $140,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-19 Price Changed $149,300 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $153,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $155,800 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Price Changed $158,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-14 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-19 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2007-03-28 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2007-02-08 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2006-11-06 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2002-09-01 Sold (Public Records) $17,300 Public Records
• 2001-12-01 Sold (Public Records) $13,000 Public Records

Property tax history

-6.3%/yr

Latest (2025): $885 · +8.2% YoY. Source: county tax records.