29250 US Highway 19 N #12 · Clearwater, FL 33761

$189,999

3 bd · 2.0 ba · 1,634 sqft · Manufactured public records · 22 Days on market

Built 1972 Est $181k · at est. $238/mo HOA · 9% 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 +26.8/30.0
• DSCR +9.2/10.0
• 1% rule +8.8/10.0
• ARV discount +5.4/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Zero backyard neighbors. Total privacy. This sprawling 1,634-square-foot, 3-bedroom, 2-bathroom layout completely reimagines easy, single-level living. Secure inside the gated 55+ community of Doral Village—the lifestyle here is anything but quiet retirement. Your calendar stays packed with an active golf league, billiards, shuffleboard, a heated swimming pool, and a steaming hot tub. Step outside the community to hit nearby Gulf beaches, premier golf courses, or local dining hotspots. Best of all, you get the ultimate Florida lifestyle for a microscopic $238.00 monthly fee that wipes out your water, sewer, trash, and lawn care bills. In addition, your two cats are cordially invited,

Key facts

• Gated community
• Central heat and air
• Full-home plumbing

Tags

• GATED COMMUNITY
• HEATED SWIMMING POOL
• NEWER WINDOWS
• CENTRAL HEAT AND AIR
• BRAND-NEW VAPOR BARRIER
• FULL-HOME PLUMBING

Property features AI

Finance

• Other: Partially furnished; Senior community; Pets allowed (cats OK; limits on number and size)
• Financial info: Total annual fees $2,856; Lease restrictions apply
• HOA & community: Has HOA (monthly fee $238); Association approval required; Association amenities: Basketball court, Clubhouse, Gated entry, On-site laundry, Pickleball courts, Pool, Recreation facilities, Shuffleboard court, Spa/Hot tub, Tennis courts; Association fee includes: Pool, Escrow reserves, Grounds maintenance, Management, Recreational facilities, Sewer, Trash, Water

Exterior

• Parking: Carport with 2 spaces
• Security: Gated community
• Utilities: Public water; Public sewer; Broadband/high-speed internet available; Cable available and connected; Electricity available and connected; Water connected; Sewer connected
• Home design: Residential mobile home (double wide); One story; Faces west; Entry level: One
• Construction: Vinyl siding; Roof over; Crawlspace foundation; Building area total 2,064 square feet; Year built not listed
• Exterior features: Enclosed patio; Patio; Private mailbox; Sidewalk; Landscaped yard; Mature landscaping with trees; Street dead-end; Paved surfaces; Asphalt road

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Water purifier; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Living area 1,634 square feet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Crown molding; Living room/dining room combo; Thermostat; Walk-in closet(s); Window treatments; Blinds; Double-pane windows
• Laundry & utility: Washer; Dryer; Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $396 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $190k).
• Recommended offer: $187k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 2.9% in Clearwater — 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 (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, employment C-.
• 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 flat; 201 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 42% of the median local income ($75k/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 $6k 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 ($187k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $35k; list at $190k implies a 443% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $187,149 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.38% ✓
• Cap rate: 9.59%
• Cash-on-cash: 11.76%
• DSCR: 1.52
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $181,374
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29250 US Highway 19 N #459	0.00mi	3/2.0	1,615 (-1%)	3mo	$180,000	$111	96

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 · 0.11% rent growth · sell at horizon

5-year hold

• IRR: -6.7%
• Equity multiple: 0.76×
• Total profit: $-12,708
• Equity at exit: $28,329

10-year hold

• IRR: -2.0%
• Equity multiple: 0.88×
• Total profit: $-6,224
• Equity at exit: $16,428

Cash invested: $53,200 (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 33761

• Rents YoY: 0.1%
• Active inventory: 201
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,623 high
• Mortgage (P&I): −$996
• Tax est. 1.5%: −$237 /mo · $2,850/yr
• Insurance: −$79
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$238
• Vacancy / Maint / Mgmt: −$551
• Net cashflow: $396

Break-even live

Break-even rent $2,122

Max offer price $189,999

Occupancy floor 80%

Sensitivity live

Price	-10% $527	-5% $462	+0% $396	+5% $330	+10% $265
Rent	-10% $189	-5% $293	+0% $396	+5% $500	+10% $603
Rate	-1.0pp $492	-0.5pp $444	base $396	+0.5pp $347	+1.0pp $297

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2228 Richter St Unit A Dunedin, FL	2.0	2.0	1225	$1,900	$1.55	25d	1	0.35mi
3326 Covered Bridge Dr W Dunedin, FL	2.0	2.5	1731	$2,675	$1.55	11d	1	0.43mi
2523 North Field Ln Clearwater, FL	3.0	2.5	1832	$2,850	$1.56	8d	1	0.52mi
373 Majesty Dr Unit 373 Clearwater, FL	2.0	2.0	1200	$1,600	$1.33	25d	1	0.60mi
302 Archimedes St Dunedin, FL	3.0	2.0	1635	$3,499	$2.14	4d	1	0.66mi
2999 Fieldbrook Pl Clearwater, FL	2.0	2.0	1164	$2,300	$1.98	25d	1	0.68mi
2652 Concorde Ct Clearwater, FL	4.0	2.0	1878	$4,000	$2.13	4d	1	0.73mi
3235 Buckhorn Dr Clearwater, FL	3.0	2.0	1548	$3,500	$2.26	4d	1	0.73mi
2307 Cumberland Cir Clearwater, FL	1.0–2.0	1.0–2.0	873	$2,099	$2.40	4d	15	0.92mi
1404 Sandalwood Dr Dunedin, FL	3.0	2.0	1553	$2,900	$1.87	4d	1	0.97mi
2524 Newbern Ave Clearwater, FL	3.0	2.5	1740	$2,800	$1.61	24d	1	1.00mi
2773 Cypress Dr Unit C Clearwater, FL	3.0	2.0	1507	$2,400	$1.59	25d	1	1.02mi
1281 Stony Brook Ln Dunedin, FL	3.0	2.0	2040	$2,600	$1.27	22d	1	1.10mi
762 Barbara St Palm Harbor, FL	2.0	2.0	1146	$2,200	$1.92	25d	1	1.25mi
1591 Mac Charles Ct Dunedin, FL	3.0	2.0	1736	$3,000	$1.73	25d	1	1.36mi
2257 Palmwood Dr Dunedin, FL	3.0	2.0	1150	$2,475	$2.15	5d	1	1.42mi
1112 Glenwood Dr Dunedin, FL	3.0	3.0	1670	$2,700	$1.62	4d	1	1.44mi
3460 Countryside Blvd #60 Clearwater, FL	2.0	2.5	1349	$2,500	$1.85	8d	1	1.45mi
2379 Azalea Dr Palm Harbor, FL	3.0	2.0	2035	$3,700	$1.82	22d	1	1.49mi

HOA detail

• Monthly dues: $238 · $2,856/yr
• Likely covers: watersewertrashlandscapingpoolsecurity

Listing history 15 events

1. 2026-06-18
   days on market $189,999 Active 22 DOM
2. 2026-06-17
   days on market $189,999 Active 21 DOM
3. 2026-06-16
   days on market $189,999 Active 20 DOM
4. 2026-06-15
   days on market $189,999 Active 19 DOM
5. 2026-06-13
   days on market $189,999 Active 17 DOM
6. 2026-06-09
   days on market $189,999 Active 13 DOM
7. 2026-06-08
   days on market $189,999 Active 12 DOM
8. 2026-06-07
   days on market $189,999 Active 11 DOM
9. 2026-06-04
   days on market $189,999 Active 8 DOM
10. 2026-06-03
    days on market $189,999 Active 7 DOM
11. 2026-06-02
    days on market $189,999 Active 6 DOM
12. 2026-06-01
    days on market $189,999 Active 5 DOM
13. 2026-05-31
    days on market $189,999 Active 4 DOM
14. 2026-05-27
    listed $189,999 Active
15. 2006-10-01
    soldstatus $35,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,479
• − Mortgage interest: −$10,643
• − Property taxes: −$2,850
• − Insurance: −$2,452
• − Repairs & maintenance: −$2,518
• − Management: −$2,518
• − HOA: −$2,856
• − Depreciation: −$5,527
• Taxable income: $2,114
• Est. tax owed @ 24.0%: −$507
• After-tax cash flow: $4,246/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 — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 18,290
• Household income: $74,728
• Rent vs Own: 20.2% rent · 79.8% own
• Severe rent burden: 336.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 6% Asian 4%
• Hispanic origin (detail): Puerto Rican 1% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 4% Italian 2%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 83% English-only · Spanish 5% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -316.31%
• Current HPI: 281.6948
• Rent YoY: ▲ 0.11%
• 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

+442.9% since first listed

2 events — show timeline

• 2026-05-27 Listed $189,999 Stellar MLS as Distributed by MLS Grid
• 2006-10-01 Sold (Public Records) $35,000 Public Records

Property tax history

-5.2%/yr

Latest (2025): $334 · +10.3% YoY. Source: county tax records.