27466 US Highway 19 N #3 · Dunedin, FL 33761

$48,000

2 bd · 1.0 ba · 597 sqft · Manufactured public records · 103 Days on market

Built 1964 9.14 ac lot $110/mo HOA · 7% 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 +4.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Lovingly owned and cared for by a couple from Ireland for over 30 years this home as been a cherished seasonal retreat within Countryside Estates. The owner built lasting friendships, enjoyed community activities such as dancing and the local trap shooting club, and were deeply involved with park life, one even serving as president of the community. As travel has become more difficult with age, they are ready to pass this well loved home onto it's next owner. This is a wonderful opportunity to join a warm, welcoming, and close knit community and create your own memories at Countryside Estates. $110/ month covers water sewer trash and grounds maintenance. Community offers activities and shuf

Key facts

• 9.14 acre lot
• Built 1964
• Listed 103 days

Property features AI

Finance

• Other: Furnished; Third-party listing; Lot size ~9.14 acres (9.14 acres stated)
• Financial info: Total annual fees $1,320; Lease restrictions apply
• HOA & community: Monthly HOA fee of $110 (includes maintenance of grounds, management, private road, recreational facilities, sewer, trash and water); Association required with buyer approval; Association amenities: Clubhouse, maintenance, recreation facilities, shuffleboard court, vehicle restrictions; Community features include clubhouse, community mailbox, deed restrictions, special community restrictions; Senior community; pets not allowed

Exterior

• Parking: No parking details provided
• Security: No security details provided
• Utilities: Public water; Public sewer; High-speed internet and cable available
• Home design: Residential mobile home (single wide); One story; Faces north; Entry level: One
• Construction: Other construction materials; Membrane roof; Crawlspace foundation; Built as single wide mobile home
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Other appliances
• Bedrooms: 2 bedrooms
• Flooring: Linoleum flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Other cooling
• Interior features: Other interior features
• Laundry & utility: Other laundry features

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $48k.

Deal economics

• At list price, monthly cash flow is $784 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $48k).
• Recommended offer: $44k (9.0% below list) — sets the bar for market timing.
• Cap rate 25.9% vs local median 2.9% in Dunedin — 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 86/100 on livability (#15 in FL, #411 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, housing A+; Watch: employment C-, amenities D.
• 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: Garrison-Jones Elementary School (math 66% / reading 58%, grade B, #608 of 2,144 statewide, top 29%, 593 students, 46% FRL); Palm Harbor Middle School (math 59% / reading 57%, grade B, #151 of 571 statewide, top 27%, 1,080 students, 37% FRL); Dunedin High School (math 36% / reading 45%, grade F, #294 of 667 statewide, top 44%, 1,203 students, 48% FRL) — zoned schools at 44% FRL track the district average.
• Market conditions: Rents flat; 205 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $332 of loan paydown is wiped out by about $1k 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 + 0.1% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 103 days — a 9% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

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 $43,680 (9.0% below list)

Questions for the listing agent

1. It's been on market 103 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 3.18% ✓
• Cap rate: 25.90%
• Cash-on-cash: 70.02%
• DSCR: 4.12
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $16,119
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2550 State RD 580 #149	0.58mi	2/1.0	624 (+4%)	1mo	$17,000	$27	64

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: 66.0%
• Equity multiple: 3.82×
• Total profit: $37,934
• Equity at exit: $7,157

10-year hold

• IRR: 69.3%
• Equity multiple: 7.02×
• Total profit: $80,967
• Equity at exit: $4,150

Cash invested: $13,440 (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: 205
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,525 high
• Mortgage (P&I): −$252
• Tax from tax record: −$39 /mo · $465/yr
• Insurance: −$20
• HOA: −$110
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $784

Break-even live

Break-even rent $532

Max offer price $48,000

Occupancy floor 44%

Sensitivity live

Price	-10% $811	-5% $798	+0% $784	+5% $771	+10% $757
Rent	-10% $664	-5% $724	+0% $784	+5% $844	+10% $905
Rate	-1.0pp $808	-0.5pp $796	base $784	+0.5pp $772	+1.0pp $759

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: $12,000
• Closing costs: $1,440
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27466 US Highway 19 N #12 Clearwater, FL	1.0	1.0	420	$850	$2.02	26d	1	0.01mi
2760 Belle Haven Dr Unit C Clearwater, FL	2.0	1.0	682	$1,550	$2.27	18d	1	0.18mi
2760 Belle Haven Dr Clearwater, FL	2.0	1.0	682	$1,550	$2.27	6d	1	0.18mi
2307 Cumberland Cir Clearwater, FL	1.0–2.0	1.0–2.0	873	$2,099	$2.40	5d	15	0.21mi
2524 Alexander Pl Clearwater, FL	1.0–2.0	1.0–2.0	948	$2,410	$2.54	0d	20	0.55mi
604 Hammock Pine Blvd Clearwater, FL	1.0	1.0	645	$1,500	$2.33	19d	1	0.67mi
1711 Hammock Pine Blvd #1711 Clearwater, FL	1.0	1.0	667	$1,650	$2.47	6d	1	0.72mi
2583 Countryside Blvd #3103 Clearwater, FL	1.0	1.0	555	$1,400	$2.52	26d	1	0.75mi
2420 Winding Creek Blvd #109 Clearwater, FL	1.0	1.0	580	$1,200	$2.07	0d	1	0.86mi
2597 Countryside Blvd #209 Clearwater, FL	1.0	1.0	575	$1,500	$2.61	6d	1	0.86mi
3055 Belcher Rd Dunedin, FL	2.0	1.0	750	$1,345	$1.79	23d	1	0.89mi
2500 Winding Creek Blvd Clearwater, FL	1.0–2.0	1.0–2.0	812	$1,700	$2.09	4d	3	0.89mi
3071 Park Ln Unit C Dunedin, FL	1.0	1.0	690	$1,195	$1.73	26d	1	0.91mi
2599 Countryside Blvd #210 Clearwater, FL	1.0	1.0	575	$1,400	$2.43	4d	1	0.92mi
1602 Amberlea Dr S Dunedin, FL	1.0	1.0	725	$2,400	$3.31	0d	1	1.26mi
1515 County Road 1 Dunedin, FL	1.0–2.0	1.0	719	$1,750	$2.43	9d	1	1.33mi
25350 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	875	$1,732	$1.98	0d	34	1.34mi
2400 Franciscan Dr #44 Clearwater, FL	1.0	1.0	735	$1,200	$1.63	26d	1	1.35mi

HOA detail

• Monthly dues: $110 · $1,320/yr
• Likely covers: watersewertrashlandscaping

Listing history 14 events

1. 2026-06-22
   days on market $48,000 Active 103 DOM
2. 2026-06-18
   days on market $48,000 Active 100 DOM
3. 2026-06-17
   days on market $48,000 Active 99 DOM
4. 2026-06-16
   days on market $48,000 Active 98 DOM
5. 2026-06-15
   days on market $48,000 Active 97 DOM
6. 2026-06-13
   days on market $48,000 Active 95 DOM
7. 2026-06-09
   days on market $48,000 Active 91 DOM
8. 2026-06-08
   days on market $48,000 Active 90 DOM
9. 2026-06-07
   days on market $48,000 Active 89 DOM
10. 2026-06-04
    days on market $48,000 Active 86 DOM
11. 2026-06-03
    days on market $48,000 Active 85 DOM
12. 2026-06-01
    days on market $48,000 Active 83 DOM
13. 2026-05-31
    days on market $48,000 Active 82 DOM
14. 2026-03-10
    listed $48,000 Active

ⓘ 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: $465 · $39/mo
• Projected year-2 tax: $465 · $39/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,299
• − Mortgage interest: −$2,689
• − Property taxes: −$465
• − Insurance: −$240
• − Repairs & maintenance: −$1,464
• − Management: −$1,464
• − HOA: −$1,320
• − Depreciation: −$1,396
• Taxable income: $9,260
• Est. tax owed @ 24.0%: −$2,223
• After-tax cash flow: $7,188/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 — Dunedin

• Score: 86/100
• State rank: #15
• US rank: #411

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinellas County · 939,478 people
• City population: 38,171
• 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

1 event — show timeline

• 2026-03-10 Listed $48,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+0.1%/yr

Latest (2025): $465 · +5.5% YoY. Source: county tax records.