82037 5th Ave N #37 · Pinellas Park, FL 33781

$129,000

3 bd · 2.0 ba · 1,590 sqft · Manufactured public records · 504 Days on market

Built 1973 Est $122k · 5% over $210/mo HOA · 8% 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 +5.1/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

* * ENORMOUS LIVING SPACE IN 2026 VOTED BEST MOBILE HOME PARK/GOLDEN GATE * * Enjoy one of the largest homes in the community with lots of living area to entertain all of your family and friends. Spectacular fully furnished open floor plan with endless possibilities and could be a 4-bedroom home. Huge primary bedroom with private luxury bathroom, dual vanity, low step in shower and huge walk-in closet. Updated quality vinyl double thermal paned windows throughout. Brand new electric panel box and built in microwave 2025. New Frigidaire AC system 2024 and Rheem water heater 2024. Maintenace free exterior vinyl siding and brick under pending. Two space tandem carport and outdoor living are

Key facts

• Open floor plan
• Dual vanity
• Walk-in closet

Tags

• OPEN FLOOR PLAN
• PRIVATE LUXURY BATHROOM
• DUAL VANITY
• LOW STEP IN SHOWER
• WALK-IN CLOSET
• ELECTRIC PANEL BOX

Property features AI

Finance

• Other: Furnished; Directions available
• Financial info: Total monthly fees: $210; Total annual fees: $2,520
• HOA & community: HOA managed by West Coast Management / Terry Cross; Monthly HOA fee of $210 (includes common area taxes, pool, grounds maintenance, management, private road, recreational facilities, sewer, trash, water); Community amenities: clubhouse, pool, recreation facilities, shuffleboard court, spa/hot tub; Community features: buyer approval required, deed restrictions, golf carts allowed, sidewalks, street lights; Senior community; Pets allowed (cats and dogs, number and size limits apply; max pet weight 20 lbs)

Exterior

• Parking: Carport with 2 spaces
• Security: Hurricane shutters
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Underground utilities; Cable available; High‑speed internet available (BB/HS)
• Home design: Residential mobile home (double wide); One story; Faces west; Crawlspace foundation
• Construction: Vinyl siding; Metal roof; Roof over
• Exterior features: Awning(s); Hurricane shutters; Private mailbox; Rain gutters; Sidewalk; Sliding doors; Storage; On waterfront with canal view and canal freshwater access; Paved road; Private maintained road

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Wall/window AC unit(s)
• Interior features: Built-in features; Ceiling fans; Open floor plan; Split-bedroom layout; Thermostat; Walk-in closet(s); Window treatments; Double-pane insulated/thermal windows
• Laundry & utility: Washer hookup; Dryer hookup (electric); Laundry room; Outside laundry access

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $129k.

Deal economics

• At list price, monthly cash flow is $944 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.1% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools 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 soft (-3.0%/yr); 230 active listings in the ZIP; 13 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).
• At $2,651/mo this rent would consume 55% of the median local household income ($58k/yr) (locally 1115% 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 $892 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $36k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 504 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $56k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $29k; list at $129k implies a 345% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 504 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 1973 — 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: 2.06% ✓
• Cap rate: 15.08%
• Cash-on-cash: 31.37%
• DSCR: 2.40
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $122,430
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
82199 F St N #199	0.05mi	2/2.0 (-1)	1,372 (-14%)	0mo	$105,000	$77	70

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: 22.4%
• Equity multiple: 1.88×
• Total profit: $31,656
• Equity at exit: $19,234

10-year hold

• IRR: 28.1%
• Equity multiple: 3.10×
• Total profit: $75,774
• Equity at exit: $11,154

Cash invested: $36,120 (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 33781

• Rents YoY: -3.0%
• Active inventory: 230
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $2,651 high
• Mortgage (P&I): −$676
• Tax from tax record: −$210 /mo · $2,521/yr
• Insurance: −$54
• HOA: −$210
• Vacancy / Maint / Mgmt: −$557
• Net cashflow: $944

Break-even live

Break-even rent $1,456

Max offer price $129,000

Occupancy floor 59%

Sensitivity live

Price	-10% $1,017	-5% $981	+0% $944	+5% $908	+10% $871
Rent	-10% $735	-5% $839	+0% $944	+5% $1,049	+10% $1,154
Rate	-1.0pp $1,009	-0.5pp $977	base $944	+0.5pp $911	+1.0pp $877

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8851 US Highway 19 N Pinellas Park, FL	1.0–3.0	1.0–2.0	993	$2,850	$2.87	3d	23	0.42mi
3110 Grand Ave Pinellas Park, FL	1.0–3.0	1.0–2.0	1104	$3,038	$2.75	3d	34	0.60mi
4420 96th Ave N Pinellas Park, FL	2.0	2.0	1586	$1,850	$1.17	5d	1	0.85mi
2790 Grand Ave Saint Petersburg, FL	1.0–3.0	1.0–2.0	1017	$3,204	$3.15	3d	16	0.90mi
4057 71st Ter N Pinellas Park, FL	3.0	2.5	1420	$2,650	$1.87	5d	1	0.91mi
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$2,706	$2.58	3d	19	1.08mi
10431 36th St N Clearwater, FL	3.0	2.0	1903	$3,595	$1.89	25d	1	1.19mi
10431 36th St N Clearwater, FL	3.0	2.5	1903	$3,695	$1.94	4d	1	1.19mi
4631 69th Pl N Pinellas Park, FL	3.0	2.5	1420	$2,595	$1.83	25d	1	1.24mi
7800 52nd St N Pinellas Park, FL	3.0	1.0	1163	$1,850	$1.59	25d	1	1.27mi
6898 47th Ln N Pinellas Park, FL	3.0	2.5	1500	$2,525	$1.68	25d	1	1.34mi
4627 67th Ave N Pinellas Park, FL	3.0	2.5	1610	$2,500	$1.55	25d	1	1.36mi
4732 68th Ave N Pinellas Park, FL	2.0	3.0	1210	$2,000	$1.65	25d	1	1.39mi

HOA detail

• Monthly dues: $210 · $2,520/yr
• Likely covers: waterelectric

Listing history 17 events

1. 2026-06-18
   days on market $129,000 Active 504 DOM
2. 2026-06-17
   days on market $129,000 Active 503 DOM
3. 2026-06-16
   days on market $129,000 Active 502 DOM
4. 2026-06-15
   days on market $129,000 Active 501 DOM
5. 2026-06-13
   days on market $129,000 Active 499 DOM
6. 2026-06-09
   days on market $129,000 Active 495 DOM
7. 2026-06-08
   days on market $129,000 Active 494 DOM
8. 2026-06-07
   days on market $129,000 Active 493 DOM
9. 2026-05-21
   price $129,000
10. 2025-12-03
    price $149,000
11. 2025-09-07
    status Active
12. 2025-09-02
    status Pending
13. 2025-05-13
    price $150,000
14. 2025-04-22
    price $169,900
15. 2025-03-04
    price $174,900
16. 2025-01-17
    listed $184,900 Active
17. 1993-12-29
    soldstatus $29,000

ⓘ 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: $2,521 · $210/mo
• Projected year-2 tax: $2,521 · $210/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 6/10 Major FEMA zone X (unshaded) · 54% 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,815
• − Mortgage interest: −$7,226
• − Property taxes: −$2,521
• − Insurance: −$645
• − Repairs & maintenance: −$2,545
• − Management: −$2,545
• − HOA: −$2,520
• − Depreciation: −$3,753
• Taxable income: $10,059
• Est. tax owed @ 24.0%: −$2,414
• After-tax cash flow: $8,915/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 28,072
• Household income: $57,785
• Rent vs Own: 35.6% rent · 64.4% own
• Severe rent burden: 1115.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 16% Asian 14% Two or more races 11% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 5%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 18% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 12% Vietnamese 7% Other Asian/Pacific 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: ▼ -409.77%
• Current HPI: 348.546
• Rent YoY: ▼ -2.95%
• 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

+344.8% since first listed

9 events — show timeline

• 2026-05-21 Price Changed $129,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-03 Price Changed $149,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-09-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-13 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-22 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-04 Price Changed $174,900 Stellar MLS as Distributed by MLS Grid
• 2025-01-17 Listed $184,900 Stellar MLS as Distributed by MLS Grid
• 1993-12-29 Sold (Public Records) $29,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $2,521 · +6.5% YoY. Source: county tax records.