726 Stremma Rd · Largo, FL 33770

$340,000

4 bd · 2.0 ba · 1,008 sqft · MultiFamily public records · 150 Days on market

Built 1962 7,501 sqft lot

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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 +13.5/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• DSCR +4.1/10.0
• Livability +4.1/5.0
• 1% rule +4.0/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Make sure to stop by this amazing opportunity if you are looking for your next investment property! This great duplex in Largo offers plenty of different possibilities from house hacking and living in one unit, to having both set up and preforming well as short term rentals. The City of Largo has put some certain guidelines in place so that Short Term Rentals & Airbnbs are welcomed to this community. When first arriving at this unit you will notice the huge yard and privacy out back with the fence that allows ample roofing for entertaining & enjoying all that Florida has to offer. Inside you with find that both units have been recently updated featuring laminate flooring throughout, solid wood cabinets & solid surface cabinets. NEW ROOF 2022. Each unit features one bedroom, one bathroom with a separate living areas & kitchen, while providing access to the relaxing outdoor space. Come take a look at this multifamily property that won't last long!

Key facts

• Turnkey property
• Fully move-in ready
• Recently updated

Tags

• TURNKEY PROPERTY
• FULLY MOVE-IN READY
• RECENTLY UPDATED
• FULL RE-PLUMBING
• MODERN ELECTRICAL SYSTEMS
• SHORT-TERM RENTAL

Property features AI

Finance

• Other: Pets allowed
• Financial info: Annual net income reported for the multi-family property: $35,000; Property contains two 1-bedroom units (each with one bathroom); total living area reported as 1,008 sq ft
• HOA & community: No HOA

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Cable available; Phone available; High-speed internet / broadband available
• Home design: Residential income property (duplex); One building containing two units; Single-story entry (no multi-story information provided)
• Construction: Block construction; Shingle roof; Slab foundation; Built on a 0.17-acre lot (approx. 50 x 150)
• Exterior features: Fenced yard; Storage

Interior

• Kitchen: Range; Microwave; Refrigerator; Dishwasher (not listed — excluded if not present)
• Bedrooms: Two total bedrooms (property is a duplex with one 1-bedroom unit type repeated twice)
• Bathrooms: Two total bathrooms (one per 1-bedroom unit)
• Heating & cooling: Ductless heating; Mini-split cooling units
• Interior features: Ceiling fans
• Laundry & utility: Washer; Dryer; Laundry located outside

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/2.0-bath units multifamily listed at $340k.

Deal economics

• At list price, monthly cash flow is $12 ($141/yr) — positive. Per door: $6/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $305k (10.2% below list).
• Recommended offer: $299k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.3% 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.
• Zoned schools: Mildred Helms Elementary School (math 54% / reading 49%, grade C-, #1,035 of 2,144 statewide, top 49%, 514 students, 65% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL).
• Market conditions: Rents falling (-3.5%/yr); 217 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,052/mo this rent would consume 61% of the median local household income ($60k/yr) (locally 1404% 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 $2k of loan paydown is wiped out by about $10k 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 150 days — a 12% lower offer ($299k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 11y ago; this cycle's ask has dropped $25k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $299,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 150 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.90% ✗
• Cap rate: 6.33%
• Cash-on-cash: 0.15%
• DSCR: 1.01
• GRM: 9.3

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: -19.5%
• Equity multiple: 0.34×
• Total profit: $-63,215
• Equity at exit: $50,695

10-year hold

• IRR: -20.6%
• Equity multiple: 0.07×
• Total profit: $-88,339
• Equity at exit: $29,397

Cash invested: $95,200 (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 33770

• Rents YoY: -3.5%
• Active inventory: 217
• Price-to-rent: 18.6×

Monthly cashflow live

• Estimated rent: $3,052 high
• Mortgage (P&I): −$1,783
• Tax from tax record: −$475 /mo · $5,696/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$641
• Net cashflow: $12

Break-even live

Break-even rent $3,037

Max offer price $340,000

Occupancy floor 95%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	2	$3,052
Total (2 units)			$3,052

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: $85,000
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
504 6th Ave NW Largo, FL	4.0	2.0	1042	$2,433	$2.33	4d	1	0.06mi
504 6th Ave NW Largo, FL	4.0	2.0	1042	$2,433	$2.33	24d	1	0.07mi
423 4th St NW Largo, FL	3.0	1.0	960	$1,500	$1.56	4d	1	0.15mi
813 4th Ave NW Largo, FL	3.0	1.0	1295	$2,000	$1.54	18d	1	0.27mi
264 Ridge Rd N Largo, FL	3.0	1.5	981	$2,400	$2.45	24d	1	0.28mi
811 Rosery Rd NW Largo, FL	1.0–3.0	1.0–3.0	1050	$3,360	$3.20	3d	20	0.33mi
821 14th Ave NW Largo, FL	3.0	1.0	900	$1,795	$1.99	24d	1	0.45mi
1006 14th Ave NW Largo, FL	3.0	2.0	1444	$2,450	$1.70	24d	1	0.52mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	24d	1	0.75mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	15d	1	0.75mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$2,260	$1.90	1d	38	0.85mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	3d	1	0.89mi
1321 Chesterfield Dr Unit 1018173P Clearwater, FL	3.0	2.0	1356	$3,967	$2.93	2d	1	0.94mi
910 9th Ave SW Largo, FL	3.0	2.0	1120	$2,100	$1.88	4d	1	1.02mi
2141 Indian Ave S Belleair Bluffs, FL	3.0	2.0	1252	$2,999	$2.40	12d	1	1.03mi
1632 Clearwater Largo Rd Clearwater, FL	3.0	1.0–2.0	961	$2,899	$3.02	2d	25	1.09mi
2242 Indian Ave S Belleair Bluffs, FL	3.0	2.0	1336	$2,800	$2.10	4d	1	1.10mi
1128 Belleair Rd Unit Home Clearwater, FL	3.0	1.0	1326	$1,695	$1.28	24d	1	1.14mi
600 6th Ave SE Largo, FL	3.0	2.0	1364	$2,400	$1.76	24d	1	1.14mi
1574 Ewing Ave Clearwater, FL	3.0	2.0	1324	$2,700	$2.04	4d	1	1.16mi
1571 S Myrtle Ave Clearwater, FL	3.0	2.0	1202	$2,400	$2.00	24d	1	1.16mi
1119 Breeze Dr Largo, FL	3.0	2.0	1314	$2,475	$1.88	24d	1	1.20mi
1310 Bayview Dr Clearwater, FL	3.0	2.0	1500	$3,300	$2.20	24d	1	1.20mi
1552 S Myrtle Ave Clearwater, FL	3.0	2.0	900	$1,950	$2.17	7d	1	1.22mi
1532 S Washington Ave Clearwater, FL	3.0	2.0	954	$1,500	$1.57	4d	1	1.27mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,950	$1.90	24d	1	1.28mi
1530 S Martin Luther King Jr Ave Clearwater, FL	3.0	2.0	1025	$1,995	$1.95	11d	1	1.28mi
310 15th Ave SW Largo, FL	3.0	2.0	1284	$2,800	$2.18	24d	1	1.40mi
740 16th Ave SW Largo, FL	4.0	2.0	1346	$2,695	$2.00	16d	1	1.43mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$2,445	$2.29	2d	1	1.45mi
1523 S Fredrica Ave Clearwater, FL	3.0	2.0	1284	$2,550	$1.99	24d	1	1.49mi

Listing history 37 events

1. 2026-06-18
   statusdays on market $340,000 Pending 150 DOM
2. 2026-06-17
   days on market $340,000 Active 149 DOM
3. 2026-06-16
   days on market $340,000 Active 148 DOM
4. 2026-06-15
   days on market $340,000 Active 147 DOM
5. 2026-06-13
   days on market $340,000 Active 145 DOM
6. 2026-06-09
   days on market $340,000 Active 141 DOM
7. 2026-06-08
   days on market $340,000 Active 140 DOM
8. 2026-06-07
   statusdays on market $340,000 Active 139 DOM
9. 2026-04-13
   price $340,000
10. 2026-04-07
    price $347,500
11. 2026-02-28
    historical
12. 2026-02-21
    price $355,000
13. 2026-02-21
    price $355,000
14. 2026-01-08
    listed $365,000 Active
15. 2026-01-07
    listed $365,000 Active
16. 2023-09-25
    soldstatus $365,000
17. 2023-09-15
    soldstatus $365,000 Closed 983-char remark

    Show marketing remark (983 chars)

    Make sure to stop by this amazing opportunity if you are looking for your next investment property! This great duplex in Largo offers plenty of different possibilities from house hacking and living in one unit, to having both set up and preforming well as short term rentals. The City of Largo has put some certain guidelines in place so that Short Term Rentals & Airbnbs are welcomed to this community. When first arriving at this unit you will notice the huge yard and privacy out back with the fence that allows ample roofing for entertaining & enjoying all that Florida has to offer. Inside you with find that both units have been recently updated featuring laminate flooring throughout, solid wood cabinets & solid surface cabinets. NEW ROOF 2022. Each unit features one bedroom, one bathroom with a separate living areas & kitchen, while providing access to the relaxing outdoor space. Come take a look at this multifamily property that won't last long!

18. 2023-09-05
    status Pending 983-char remark

    Show marketing remark (983 chars)

    Make sure to stop by this amazing opportunity if you are looking for your next investment property! This great duplex in Largo offers plenty of different possibilities from house hacking and living in one unit, to having both set up and preforming well as short term rentals. The City of Largo has put some certain guidelines in place so that Short Term Rentals & Airbnbs are welcomed to this community. When first arriving at this unit you will notice the huge yard and privacy out back with the fence that allows ample roofing for entertaining & enjoying all that Florida has to offer. Inside you with find that both units have been recently updated featuring laminate flooring throughout, solid wood cabinets & solid surface cabinets. NEW ROOF 2022. Each unit features one bedroom, one bathroom with a separate living areas & kitchen, while providing access to the relaxing outdoor space. Come take a look at this multifamily property that won't last long!

19. 2023-09-01
    listed $375,000 Active 983-char remark

    Show marketing remark (983 chars)

    Make sure to stop by this amazing opportunity if you are looking for your next investment property! This great duplex in Largo offers plenty of different possibilities from house hacking and living in one unit, to having both set up and preforming well as short term rentals. The City of Largo has put some certain guidelines in place so that Short Term Rentals & Airbnbs are welcomed to this community. When first arriving at this unit you will notice the huge yard and privacy out back with the fence that allows ample roofing for entertaining & enjoying all that Florida has to offer. Inside you with find that both units have been recently updated featuring laminate flooring throughout, solid wood cabinets & solid surface cabinets. NEW ROOF 2022. Each unit features one bedroom, one bathroom with a separate living areas & kitchen, while providing access to the relaxing outdoor space. Come take a look at this multifamily property that won't last long!

20. 2022-09-09
    soldstatus $282,600 Closed
21. 2022-09-08
    soldstatus $282,600
22. 2022-07-08
    status Pending
23. 2022-06-20
    price $325,000
24. 2022-06-15
    historical
25. 2022-06-08
    listed $355,000 Active
26. 2022-06-08
    listed $355,000 Active
27. 2017-05-10
    soldstatus $125,000
28. 2017-04-21
    soldstatus $125,000 Sold
29. 2017-04-14
    status Pending
30. 2017-04-11
    listed $125,000 Active
31. 2015-06-15
    status Pending
32. 2015-04-01
    price $35,000
33. 2015-02-11
    status Pending
34. 2015-02-11
    historical
35. 2015-02-11
    historical
36. 2015-02-10
    listed $27,000 Active
37. 1991-06-17
    soldstatus $33,500

ⓘ 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: $5,696 · $475/mo
• Projected year-2 tax: $5,696 · $475/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 6 d/yr ≥108°F today · 20 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: $36,624
• − Mortgage interest: −$19,045
• − Property taxes: −$5,696
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,930
• − Management: −$2,930
• − Depreciation: −$9,891
• Taxable loss: −$5,568
• Est. tax savings @ 24.0%: +$1,336
• After-tax cash flow: $1,477/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): 25,368
• Household income: $59,815
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1404.0

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 (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Two or more races 9% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 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: ▼ -317.05%
• Current HPI: 353.8484
• Rent YoY: ▼ -3.47%
• 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

+914.9% since first listed

29 events — show timeline

• 2026-04-13 Price Changed $340,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $347,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-21 Price Changed $355,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-21 Price Changed $355,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-08 Listed $365,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-07 Listed $365,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-25 Sold (Public Records) $365,000 Public Records
• 2023-09-15 Sold (MLS) $365,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-09-01 Listed $375,000 Stellar MLS as Distributed by MLS Grid
• 2022-09-09 Sold (MLS) $282,600 Stellar MLS as Distributed by MLS Grid
• 2022-09-08 Sold (Public Records) $282,600 Public Records
• 2022-07-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-06-20 Price Changed $325,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-06-08 Listed $355,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-08 Listed $355,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-10 Sold (Public Records) $125,000 Public Records
• 2017-04-21 Sold (MLS) $125,000 Stellar MLS as Distributed by MLS Grid
• 2017-04-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-04-11 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2015-06-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-04-01 Price Changed $35,000 Stellar MLS as Distributed by MLS Grid
• 2015-02-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-02-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-02-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-02-10 Listed $27,000 Stellar MLS as Distributed by MLS Grid
• 1991-06-17 Sold (Public Records) $33,500 Public Records

Property tax history

+16.5%/yr

Latest (2025): $5,696 · +2.2% YoY. Source: county tax records.