12674 Seminole Blvd Unit C39A · Largo, FL 33778

$48,000

1 bd · 1.0 ba · 480 sqft · Manufactured · 125 Days on market

Manufactured home Built 1970 Fair condition $192/mo HOA · 16% 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 +4.1/5.0
• Rent growth +2.8/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

NEW REDUCED PRICE! Discover the charm of this welcoming 55+ mobile home community, often described by residents as friendly, peaceful, and exceptionally well-regarded. At the heart of the neighborhood is a lively clubhouse that serves as the central hub for social gatherings, activities, and connecting with neighbors. New sewers and improved roads are being added to enhance infrastructure and support the community's growth. Enjoy on-site shuffleboard courts for a friendly little competition, with several local golf courses just a short drive away for even more recreation. Conveniently located across the highway from Largo Mall and only minutes' drive from several stunning Gulf Coast beaches

Key facts

• Fully furnished home
• Lively clubhouse
• Low maintenance fee

Tags

• MOBILE HOME COMMUNITY
• LIVELY CLUBHOUSE
• ON-SITE SHUFFLEBOARD COURTS
• SEVERAL LOCAL GOLF COURSES
• LOW MAINTENANCE FEE
• FULLY FURNISHED HOME

Property features AI

Finance

• Other: Furnished; Directions: Seminole Blvd. just south of Ulmerton Road, past Largo Mall; turn right into Midway and follow down C Street to unit on the right.
• Financial info: Lease restrictions apply; Total annual association fees listed as $2,304
• HOA & community: Has HOA with monthly fee of $192; Association requires approval; Association amenities include clubhouse, laundry, shuffleboard court; Association fee includes reserves, grounds maintenance, management, sewer, trash, water; Community features include association-owned recreation, clubhouse, golf carts allowed; Senior community; Cats allowed (with limits)

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water connected; Sewer connected
• Home design: Mobile home (single wide); One story; South-facing
• Construction: Vinyl siding; Roof over; Crawlspace foundation; Building area listed as 956 total (public records); Living area listed as 480 (public records)
• Exterior features: Awning(s); Private mailbox; Shed(s)

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Space heater; Ductless heating; Wall/window air conditioning unit(s)
• Interior features: Ceiling fan(s); Eat-in kitchen; Open floorplan; Window treatments; Aluminum window frames
• Laundry & utility: Washer; Laundry located in unit (Other)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $48k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $413 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Recommended offer: $42k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.6% 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: Fuguitt Elementary School (math 48% / reading 50%, grade D, #1,134 of 2,144 statewide, top 54%, 479 students, 68% FRL); Osceola Middle School (math 48% / reading 45%, grade D+, #297 of 571 statewide, top 52%, 1,009 students, 52% FRL); Richard O Jacobson Technical High School At Seminole (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 578 students, 45% FRL).
• Market conditions: Rents rising (+1.4%/yr); 140 active listings in the ZIP; 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 + 1.4% rent growth), your $13k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($42k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $11k (19%) 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 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $42,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 2.47% ✓
• Cap rate: 16.62%
• Cash-on-cash: 36.88%
• DSCR: 2.64
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $26,400
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12674 Seminole Blvd Unit M1	0.00mi	1/1.0	420 (-12%)	4mo	$23,000	$55	76

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 · 1.38% rent growth · sell at horizon

5-year hold

• IRR: 30.6%
• Equity multiple: 2.25×
• Total profit: $16,764
• Equity at exit: $7,157

10-year hold

• IRR: 36.7%
• Equity multiple: 4.09×
• Total profit: $41,471
• 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 33778

• Rents YoY: 1.4%
• Active inventory: 140
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,186 medium
• Mortgage (P&I): −$252
• Tax est. 1.5%: −$60 /mo · $720/yr
• Insurance: −$20
• HOA: −$192
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $413

Break-even live

Break-even rent $663

Max offer price $48,000

Occupancy floor 60%

Sensitivity live

Price	-10% $446	-5% $430	+0% $413	+5% $396	+10% $380
Rent	-10% $319	-5% $366	+0% $413	+5% $460	+10% $507
Rate	-1.0pp $437	-0.5pp $425	base $413	+0.5pp $401	+1.0pp $388

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: —

HOA detail

• Monthly dues: $192 · $2,304/yr
• Likely covers: sewer

Listing history 12 events

1. 2026-06-22
   days on market $48,000 Active 125 DOM
2. 2026-06-22
   days on market $48,000 Active 124 DOM
3. 2026-06-18
   days on market $48,000 Active 121 DOM
4. 2026-06-17
   days on market $48,000 Active 120 DOM
5. 2026-06-16
   days on market $48,000 Active 119 DOM
6. 2026-06-15
   days on market $48,000 Active 118 DOM
7. 2026-06-13
   days on market $48,000 Active 116 DOM
8. 2026-06-09
   remarks 699-char remark
9. 2026-06-09
   pricedays on market $48,000 Active 112 DOM
10. 2026-06-08
    days on market $58,900 Active 111 DOM
11. 2026-06-08
    remarks 693-char remark
12. 2026-06-08
    listed $58,900 Active 110 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 25 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: $14,230
• − Mortgage interest: −$2,689
• − Property taxes: −$720
• − Insurance: −$240
• − Repairs & maintenance: −$1,138
• − Management: −$1,138
• − HOA: −$2,304
• − Depreciation: −$1,396
• Taxable income: $4,604
• Est. tax owed @ 24.0%: −$1,105
• After-tax cash flow: $3,852/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.

Condition & rehab AI · 14 photos

Fair 45/100 Cosmetic rehab

This mobile home is in fair condition with some minor repairs and maintenance needed. It has a good location with access to amenities and recreational activities, making it a solid investment opportunity.

Repairs flagged

• Minor Paint — The walls and ceiling have some discoloration that could be addressed with a fresh coat of paint.
• Minor Landscaping — The landscaping could benefit from some maintenance and possibly some additional plants to enhance curb appeal.

Value-add opportunities

• Resale Paint the interior and exterior — Fresh paint can significantly improve the home's appearance and make it more appealing to potential buyers.
• Rental Landscaping — A well-maintained and aesthetically pleasing landscape can attract more renters and potentially increase rental income.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · The walls and ceiling have some discoloration that could be addressed with a fresh coat of paint.	Minor	$500–3,000
Landscaping · The landscaping could benefit from some maintenance and possibly some additional plants to enhance curb appeal.	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint the interior and exterior — Fresh paint can significantly improve the home's appearance and make it more appealing to potential buyers. ↑
• Rental Landscaping — A well-maintained and aesthetically pleasing landscape can attract more renters and potentially increase rental income. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 16,807
• Household income: $65,355
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 261.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 11% Black 9% Asian 2%
• Hispanic origin (detail): Puerto Rican 3% Cuban 6%
• Common ancestry: Romanian 3% Italian 3% Lithuanian 3%
• Foreign-born: 13% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 10% Vietnamese 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: ▼ -320.64%
• Current HPI: 369.3008
• Rent YoY: ▲ 1.38%
• 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

3 events — show timeline

• 2026-05-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Listed $58,900 Stellar MLS as Distributed by MLS Grid