4215 E Bay Dr Unit 1005D · Largo, FL 33764

$124,000

1 bd · 1.0 ba · 590 sqft · Condo public records · 399 Days on market

Built 1971 $565/mo HOA · 31% of rent

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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).

• Cash flow +15.2/30.0
• 1% rule +9.6/10.0
• ARV discount +7.5/15.0
• DSCR +4.7/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Woodside Village Condominiums, situated in the Largo/Clearwater area of Pinellas County, this one bedroom/one bath condo is only about a 15-minute drive to local premiere beaches. Open floor plan with split bedrooms. This community welcomes you home with attractive pool, club house, entertainment and landscaping, including tropical flowers, mature Oak and Palm trees. Convenient parking is right at your front door. Lots of guest parking provides a welcoming venue for all who visit you. As you enter the Villa, the beautiful open combo view of the unit greets you from this open concept. Community pools, a Clubhouse, shuffleboard, an onsite laundry facility, Clubhouse w/ FULL kitchen

Key facts

• Open floor plan
• Full kitchen
• Attractive pool

Tags

• WOODSIDE VILLAGE CONDOMINIUMS
• ATTRACTIVE POOL
• CLUB HOUSE
• OPEN FLOOR PLAN
• ONSITE LAUNDRY FACILITY
• FULL KITCHEN

Property features AI

Finance

• Other: Tax and MLS identification details not included per instructions
• Financial info: Total monthly fees $565; total annual fees $6,780; Lease restrictions apply
• HOA & community: Monthly HOA $565 (includes insurance, structure maintenance, trash, water); Association: Resource Property Management; Association approval required; Community pool; Pets not allowed

Exterior

• Parking: No parking details provided
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity available and connected; Cable available and connected; Water available and connected
• Home design: Condominium; Residential property; Second-floor unit (floor 2); East-facing; Completed condition; One level inside unit; Building number 33
• Construction: Block and stucco construction; Shingle roof; Built on slab foundation
• Exterior features: Exterior lighting; Irrigation equipment; Asphalt road frontage

Interior

• Kitchen: Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Ceramic tile; Slab foundation
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; 4 total rooms
• Laundry & utility: Inside laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $124k.

Deal economics

• At list price, monthly cash flow is $44 ($529/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $109k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% 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 falling (-5.2%/yr); 261 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 9d 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 32% of the median local income ($67k/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 $857 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.

Negotiation context

• It's been on market 399 days — a 12% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask is 9438% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $25k; list at $124k implies a 396% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 399 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.46% ✓
• Cap rate: 6.72%
• Cash-on-cash: 1.52%
• DSCR: 1.07
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.36×
• Total profit: $-22,247
• Equity at exit: $18,489

10-year hold

• IRR: -27.5%
• Equity multiple: -0.00×
• Total profit: $-34,855
• Equity at exit: $10,721

Cash invested: $34,720 (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 33764

• Rents YoY: -5.2%
• Active inventory: 261
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,813 high
• Mortgage (P&I): −$650
• Tax from tax record: −$121 /mo · $1,455/yr
• Insurance: −$52
• HOA: −$565
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $44

Break-even live

Break-even rent $1,757

Max offer price $124,000

Occupancy floor 93%

Sensitivity live

Price	-10% $114	-5% $79	+0% $44	+5% $9	+10% $-26
Rent	-10% $-99	-5% $-28	+0% $44	+5% $116	+10% $187
Rate	-1.0pp $106	-0.5pp $76	base $44	+0.5pp $12	+1.0pp $-21

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: $31,000
• Closing costs: $3,720
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4215 E Bay Dr Clearwater, FL	1.0	1.0	575	$1,775	$3.09	18d	3	0.03mi
4215 E Bay Dr Clearwater, FL	1.0	1.0	535	$2,300	$4.30	8d	4	0.03mi
500 Belcher Rd S #18 Largo, FL	1.0	1.0	637	$1,500	$2.35	3d	1	0.32mi
4300 E Bay Dr Unit 228 Clearwater, FL	1.0	1.0	520	$1,399	$2.69	25d	1	0.32mi
16485 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	984	$2,442	$2.48	2d	249	1.01mi
16485 US Highway 19 N Clearwater, FL	3.0	1.0–2.0	984	$2,571	$2.61	18d	100	1.01mi
3718 138th Ave N Unit 2 Largo, FL	2.0	1.0	750	$1,500	$2.00	25d	1	1.17mi
600 Starkey Rd Largo, FL	1.0–3.0	1.0–2.0	982	$1,349	$1.37	3d	21	1.26mi
2554 Oak Trl S Clearwater, FL	1.0–2.0	1.0–2.0	862	$1,415	$1.64	2d	14	1.26mi
2770 Roosevelt Blvd Clearwater, FL	1.0–2.0	1.0	795	$1,374	$1.73	15d	10	1.28mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	22d	1	1.28mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	21d	1	1.28mi
305 Glades Cir Largo, FL	1.0–3.0	1.0–1.5	875	$1,241	$1.42	2d	34	1.30mi
13500 Rodgers Ave Largo, FL	1.0	1.0	700	$1,474	$2.11	2d	5	1.36mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,299	$1.43	3d	35	1.49mi

HOA detail condo

• Monthly dues: $565 · $6,780/yr
• Likely covers: waterlandscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $124,000 Active 399 DOM
2. 2026-06-17
   days on market $124,000 Active 398 DOM
3. 2026-06-16
   days on market $124,000 Active 397 DOM
4. 2026-06-15
   days on market $124,000 Active 396 DOM
5. 2026-06-13
   days on market $124,000 Active 394 DOM
6. 2026-06-09
   days on market $124,000 Active 390 DOM
7. 2026-06-08
   days on market $124,000 Active 389 DOM
8. 2026-06-07
   days on market $124,000 Active 388 DOM
9. 2026-06-04
   days on market $124,000 Active 385 DOM
10. 2026-06-03
    days on market $124,000 Active 384 DOM
11. 2026-06-01
    days on market $124,000 Active 382 DOM
12. 2026-05-31
    days on market $124,000 Active 381 DOM
13. 2026-05-14
    price $1,250
14. 2026-05-13
    price $124,000
15. 2026-05-04
    listed $1,300
16. 2026-04-22
    historical $1,300
17. 2025-11-11
    price $1,300
18. 2025-10-08
    listed $1,400
19. 2025-05-15
    listed $129,000 Active
20. 2024-05-14
    historical
21. 2023-05-01
    listed $175,000 Active
22. 1994-04-26
    soldstatus $25,000

ⓘ 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: $1,455 · $121/mo
• Projected year-2 tax: $1,455 · $121/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 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: $21,756
• − Mortgage interest: −$6,946
• − Property taxes: −$1,455
• − Insurance: −$620
• − Repairs & maintenance: −$1,740
• − Management: −$1,740
• − HOA: −$6,780
• − Depreciation: −$3,607
• Taxable loss: −$1,134
• Est. tax savings @ 24.0%: +$272
• After-tax cash flow: $801/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): 27,311
• Household income: $67,256
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 1118.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 13% Two or more races 8% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 2%
• Common ancestry: Romanian 4% Lithuanian 3% German 2%
• Foreign-born: 14% · Canada, Jamaica, Vietnam
• Languages at home: 80% English-only · Spanish 10% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -350.08%
• Current HPI: 315.4133
• Rent YoY: ▼ -5.24%
• 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

-95.0% since first listed

10 events — show timeline

• 2026-05-14 Price Changed $1,250 STELLARMLS
• 2026-05-13 Price Changed $124,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-04 Listed for Rent $1,300 STELLARMLS
• 2026-04-22 Rental Removed $1,300 STELLARMLS
• 2025-11-11 Price Changed $1,300 STELLARMLS
• 2025-10-08 Listed for Rent $1,400 STELLARMLS
• 2025-05-15 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-05-01 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 1994-04-26 Sold (Public Records) $25,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $1,455 · +3.6% YoY. Source: county tax records.