5375 6th Ter S #106 · Gulfport, FL 33707

$84,900

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 114 Days on market

Built 1972 Est $58k · 45% over $240/mo HOA · 14% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable mobile home opportunity at 5375 6th Terrace S. This 2 bed/1 bath (672 sqft) comes with the land and just needs some TLC (panel repairs + cosmetics) but features a good roof, bonus room, back porch, HOA covering lawn care, amenities, and laundry. Perfect for handy retirees or investors in this non-gated community!

Key facts

• Guest parking
• New exterior paint
• New flooring

Tags

• NEW FLOORING
• NEW INTERIOR PAINT
• NEW EXTERIOR PAINT
• NEW WATER HEATER
• PRIME LOCATION
• GUEST PARKING

Property features AI

Finance

• Other: Lease restrictions apply; Directions: Gulfport Blvd to 54th St heading north, the street deadends into Beachway park
• Financial info: Total monthly fees $240; total annual fees $2,880
• HOA & community: Has HOA; monthly fee $240; HOA fee includes common area taxes, pool, gas, insurance, grounds maintenance, management, recreational facilities, sewer, trash and water; Association amenities: laundry room, shuffleboard court; Association approval required; Senior community; Pets allowed with limits (max ~50 lbs)

Exterior

• Parking: Carport with 2 spaces
• Utilities: Propane; Public sewer; Water connected; Sewer connected
• Home design: Mobile home (single wide); One story; South-facing
• Construction: Metal siding; Metal roof; Crawlspace foundation
• Exterior features: Deck; Exterior storage

Interior

• Kitchen: Range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heat; Central air
• Interior features: Ceiling fans; Aluminum window frames; Electric fireplace
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $85k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $85k).
• Recommended offer: $77k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.8% vs local median 2.0% in Gulfport — 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 79/100 on livability (#151 in FL, #2,285 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+, health & safety A+; Watch: crime C-, schools D, 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.
• Market conditions: Rents soft (-0.6%/yr); 462 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 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 $587 of loan paydown is wiped out by about $3k 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 + 0.0% rent growth), your $24k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 114 days — a 9% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $13k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $85k implies a 70% 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 5→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,259 (9.0% below list)

Questions for the listing agent

1. It's been on market 114 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 1972 — 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 2.00% ✓
• Cap rate: 13.81%
• Cash-on-cash: 26.84%
• DSCR: 2.19
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $58,464
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
680 52nd Way S #54	0.13mi	2/1.0	660 (-2%)	8mo	$52,000	$79	84
663 54th Way S #146	0.06mi	2/2.0	672 (0%)	11mo	$58,500	$87	84

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: 16.7%
• Equity multiple: 1.64×
• Total profit: $15,297
• Equity at exit: $12,659

10-year hold

• IRR: 22.5%
• Equity multiple: 2.61×
• Total profit: $38,359
• Equity at exit: $7,341

Cash invested: $23,772 (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 33707

• Rents YoY: -0.6%
• Active inventory: 462
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,698 high
• Mortgage (P&I): −$445
• Tax from tax record: −$89 /mo · $1,071/yr
• Insurance: −$35
• HOA: −$240
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $532

Break-even live

Break-even rent $1,025

Max offer price $84,900

Occupancy floor 64%

Sensitivity live

Price	-10% $580	-5% $556	+0% $532	+5% $508	+10% $484
Rent	-10% $398	-5% $465	+0% $532	+5% $599	+10% $666
Rate	-1.0pp $575	-0.5pp $553	base $532	+0.5pp $510	+1.0pp $487

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: $21,225
• Closing costs: $2,547
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5011 Emerson Ave S Saint Petersburg, FL	1.0	1.0	600	$1,450	$2.42	25d	1	0.30mi
5991 Fairfield Ave S Unit 4 St. Petersburg, FL	1.0	1.0	690	$1,600	$2.32	25d	1	0.60mi
5428 Burlington Ave N Saint Petersburg, FL	2.0	1.0	726	$2,150	$2.96	25d	1	0.65mi
5219 17th Ave S Unit 5219 Gulfport, FL	1.0	1.0	600	$1,400	$2.33	22d	1	0.69mi
118 48th St N Unit A St. Petersburg, FL	2.0	1.0	680	$1,800	$2.65	25d	1	0.73mi
1720 53rd St S Unit 1720 Gulfport, FL	1.0	1.0	723	$1,800	$2.49	18d	1	0.75mi
1720 53rd St S Gulfport, FL	1.0	1.0	728	$1,800	$2.47	5d	1	0.75mi
4619 13th Ave S Saint Petersburg, FL	1.0	1.0	450	$1,095	$2.43	5d	1	0.75mi
4619 13th Ave S Unit 2 St. Petersburg, FL	1.0	1.0	450	$1,095	$2.43	8d	1	0.75mi
4545 12th Ave S Saint Petersburg, FL	2.0	1.0	660	$2,000	$3.03	5d	1	0.76mi
5608 18th Ave S Gulfport, FL	1.0	1.0	560	$1,600	$2.86	25d	1	0.80mi
1806 57th St S Fl 33714 Gulfport, FL	1.0	1.0	550	$1,500	$2.73	25d	1	0.83mi
430 55th St N Saint Petersburg, FL	2.0	1.5	735	$1,850	$2.52	8d	1	0.85mi
555 62nd St S Unit 102 St. Petersburg, FL	1.0	1.0	640	$1,300	$2.03	15d	1	0.90mi
555 62nd St S Unit 103 St. Petersburg, FL	1.0	1.0	640	$1,375	$2.15	25d	1	0.91mi
6256 3rd Ave S Saint Petersburg, FL	1.0	1.0	600	$1,749	$2.92	25d	1	0.99mi
1727 45th St S Unit B St. Petersburg, FL	1.0	1.0	600	$1,150	$1.92	8d	1	1.03mi
5042 7th Ave N Unit Pool House St. Petersburg, FL	1.0	1.0	475	$1,500	$3.16	25d	1	1.04mi
4720 7th Ave N Unit B St. Petersburg, FL	1.0	1.0	520	$1,600	$3.08	25d	1	1.14mi
5434 9th Ave N Unit A St. Petersburg, FL	1.0	1.0	576	$1,400	$2.43	25d	1	1.15mi
1147 40th St S St. Petersburg, FL	1.0	1.0	440	$1,100	$2.50	25d	1	1.18mi
5821 8th Ave N Unit 203 St. Petersburg, FL	1.0	1.0	635	$1,195	$1.88	25d	1	1.19mi
3936 9th Ave S Saint Petersburg, FL	2.0	1.0	696	$1,895	$2.72	8d	1	1.19mi
810 Tyrone Blvd N Unit G-2 St. Petersburg, FL	1.0	1.0	600	$1,195	$1.99	25d	1	1.23mi
6565 5th Ave S Saint Petersburg, FL	1.0–2.0	1.0–2.0	730	$1,895	$2.60	25d	1	1.30mi
2524 52nd St S Unit 2 Gulfport, FL	1.0	1.0	575	$1,595	$2.77	18d	1	1.31mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	11d	1	1.39mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$1,598	$1.35	5d	12	1.47mi

HOA detail

• Monthly dues: $240 · $2,880/yr
• Likely covers: landscapingsecurity

Listing history 9 events

1. 2026-05-31
   status $84,900 Pending 114 DOM
2. 2026-04-09
   price $84,900
3. 2026-03-11
   price $89,000
4. 2026-02-27
   price $94,000
5. 2026-02-04
   listed $98,000 Active
6. 2025-10-08
   soldstatus $50,000 Closed 325-char remark

   Show marketing remark (325 chars)

   Affordable mobile home opportunity at 5375 6th Terrace S. This 2 bed/1 bath (672 sqft) comes with the land and just needs some TLC (panel repairs + cosmetics) but features a good roof, bonus room, back porch, HOA covering lawn care, amenities, and laundry. Perfect for handy retirees or investors in this non-gated community!

7. 2025-08-06
   status Pending 325-char remark

   Show marketing remark (325 chars)

   Affordable mobile home opportunity at 5375 6th Terrace S. This 2 bed/1 bath (672 sqft) comes with the land and just needs some TLC (panel repairs + cosmetics) but features a good roof, bonus room, back porch, HOA covering lawn care, amenities, and laundry. Perfect for handy retirees or investors in this non-gated community!

8. 2025-07-29
   price $69,000 325-char remark

   Show marketing remark (325 chars)

   Affordable mobile home opportunity at 5375 6th Terrace S. This 2 bed/1 bath (672 sqft) comes with the land and just needs some TLC (panel repairs + cosmetics) but features a good roof, bonus room, back porch, HOA covering lawn care, amenities, and laundry. Perfect for handy retirees or investors in this non-gated community!

9. 2025-07-25
   listed $75,000 Active 325-char remark

   Show marketing remark (325 chars)

   Affordable mobile home opportunity at 5375 6th Terrace S. This 2 bed/1 bath (672 sqft) comes with the land and just needs some TLC (panel repairs + cosmetics) but features a good roof, bonus room, back porch, HOA covering lawn care, amenities, and laundry. Perfect for handy retirees or investors in this non-gated community!

ⓘ 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: $1,071 · $89/mo
• Projected year-2 tax: $1,071 · $89/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 5 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,379
• − Mortgage interest: −$4,756
• − Property taxes: −$1,071
• − Insurance: −$424
• − Repairs & maintenance: −$1,630
• − Management: −$1,630
• − HOA: −$2,880
• − Depreciation: −$2,470
• Taxable income: $5,517
• Est. tax owed @ 24.0%: −$1,324
• After-tax cash flow: $5,057/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 — Gulfport

• Score: 79/100
• State rank: #151
• US rank: #2285

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gulfport, FL
• County: Pinellas County · 939,478 people
• City population: 24,324
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 24,324
• Household income: $69,951
• Rent vs Own: 30.1% rent · 69.9% own
• Severe rent burden: 1371.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 7% Hispanic / Latino 7% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 89% English-only · Spanish 5% Russian/Polish/Slavic 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: ▼ -555.96%
• Current HPI: 359.4858
• Rent YoY: ▼ -0.61%
• 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

+13.2% since first listed

8 events — show timeline

• 2026-04-09 Price Changed $84,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Price Changed $89,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-27 Price Changed $94,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Listed $98,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-08 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-29 Price Changed $69,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-25 Listed $75,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.8%/yr

Latest (2025): $1,071 · +11697.7% YoY. Source: county tax records.