3301 Alt 19 #267 · Palm Harbor, FL 34698

$140,000

2 bd · 2.0 ba · 1,024 sqft · Manufactured · 64 Days on market

Built 1977 Average condition 350 sqft lot Est $148k · 6% under $160/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 +28.9/30.0
• ARV discount +10.1/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Wonderful value home in premiere Pinellas County 55+ Community. The home features open rooms and carpeted floors in living spaces. Ceramic tile in kitchen and bathrooms. The two bedrooms both have large closets for storage. The living/dining room combination is very open and great for entertaining guests. The front windows face north providing natural lighting to the sunroom. There is penty of space throughout the unit and a two stall carport. Located in Westwind, one of the mosr sought after mobile home parks on the Florida Gulf Coast. Ammenities include two pools, clubhouses, and activities galore. Schedule your visit today!

Key facts

• 2 parking spots
• Community pool
• Built 1977

Property features AI

Finance

• Other: Furnished; Directions: Located on Alternate 19 N between Curlew Rd and Tampa Rd; Jeter St is the entry street into the community (Palm Harbor in GPS).
• Financial info: Lease restrictions apply; Total monthly HOA fees $160 (total annual $1,920)
• HOA & community: Has HOA (monthly fee $160); Association requires approval; Association amenities include clubhouse and pool; Association fee covers pool, escrow reserves, grounds maintenance, management and trash; Community features: clubhouse, fitness center, pool, golf carts allowed, buyer approval required, no truck/RV/motorcycle parking; Senior community; Pets not allowed

Exterior

• Parking: Carport with 2 spaces
• Utilities: No municipal water source (None listed); Private sewer; Broadband/High-speed internet available; Cable available and connected; Electricity available and connected; Sewer connected; Water connected; Underground utilities
• Home design: Manufactured home (double wide); One story; North-facing; Pillar/post/pier foundation
• Construction: Vinyl siding; Metal roof
• Exterior features: Awning(s); Asphalt road access

Interior

• Kitchen: Built-in oven; Dishwasher; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Carpeted flooring throughout (where applicable)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Built-in oven; Dishwasher; Range hood; Refrigerator; Electric water heater
• Laundry & utility: Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $140k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $474 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $132k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 3.1% in Palm Harbor — 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 81/100 on livability (#95 in FL, #1,470 nationally) — a professional / high-income tenant draw. Strengths: schools A+, housing A+, commute A; Watch: 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 rising (+2.7%/yr); 478 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 33% of the median local income ($74k/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 $968 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 + 2.7% rent growth), your $39k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($132k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: 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 $131,600 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.45% ✓
• Cap rate: 10.36%
• Cash-on-cash: 14.51%
• DSCR: 1.65
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $148,480
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3301 Alt 19 #252	0.09mi	2/2.0	1,176 (+15%)	17mo	$160,000	$136	57
3301 Alt 19 #356	0.09mi	2/2.0	1,176 (+15%)	18mo	$170,000	$145	56

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 · 2.69% rent growth · sell at horizon

5-year hold

• IRR: 4.6%
• Equity multiple: 1.18×
• Total profit: $7,010
• Equity at exit: $20,874

10-year hold

• IRR: 13.8%
• Equity multiple: 2.10×
• Total profit: $42,941
• Equity at exit: $12,105

Cash invested: $39,200 (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 34698

• Rents YoY: 2.7%
• Active inventory: 478
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $2,027 high
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• HOA: −$160
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $474

Break-even live

Break-even rent $1,427

Max offer price $140,000

Occupancy floor 72%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
795 1st St Unit 181 Palm Harbor, FL	2.0	2.0	1400	$1,750	$1.25	17d	1	0.19mi
1697 Nantucket Ct Palm Harbor, FL	1.0–3.0	1.0–3.0	997	$1,836	$1.84	2d	26	0.36mi
3301 U.S. 19 Alternate Unit 611 Dunedin, FL	2.0	2.0	944	$1,700	$1.80	2d	1	0.44mi
1450 Mahogany Ln Palm Harbor, FL	2.0	2.0	1353	$2,300	$1.70	24d	1	0.56mi
182 Margie St Palm Harbor, FL	2.0	1.0	800	$1,495	$1.87	24d	1	0.79mi
333 Lagoon Dr Unit 5 Palm Harbor, FL	2.0	1.0	811	$1,550	$1.91	17d	1	0.80mi
455 Alt 19 S #123 Palm Harbor, FL	2.0	2.0	898	$1,700	$1.89	24d	1	0.82mi
455 Alt 19 S #214 Palm Harbor, FL	1.0	1.0	705	$1,650	$2.34	24d	1	0.82mi
455 Alt 19 S #87 Palm Harbor, FL	2.0	2.0	898	$1,600	$1.78	24d	1	0.82mi
455 Alt 19 S #54 Palm Harbor, FL	2.0	2.0	898	$1,600	$1.78	4d	1	0.82mi
455 Alt 19 S #65 Palm Harbor, FL	1.0	1.0	705	$1,425	$2.02	24d	1	0.82mi
2700 Bayshore Blvd Dunedin, FL	1.0–3.0	1.0–2.5	1114	$2,772	$2.49	4d	8	0.86mi
Bayshore Blvd Palm Harbor, FL	1.0	1.0	700	$1,325	$1.89	24d	1	0.87mi
1328 Illinois Ave Palm Harbor, FL	2.0	1.5	1000	$1,700	$1.70	24d	1	1.07mi
444 N Paula Dr Dunedin, FL	1.0–2.0	1.0–2.0	750	$1,770	$2.36	2d	9	1.08mi
2651 Michael Pl #104 Dunedin, FL	2.0	2.0	1230	$2,100	$1.71	3d	1	1.12mi
464 N Paula Dr Dunedin, FL	1.0	1.0	704	$2,125	$3.02	17d	2	1.18mi
464 N Paula Dr Dunedin, FL	1.0	1.0	704	$2,225	$3.16	4d	1	1.18mi
2233 Snead Ave Dunedin, FL	3.0	2.0	1284	$3,000	$2.34	24d	1	1.19mi
2233 Snead Ave Dunedin, FL	3.0	2.0	1284	$3,000	$2.34	16d	1	1.19mi
2494 Del Rio Way Dunedin, FL	3.0	1.5	1058	$3,200	$3.02	24d	1	1.26mi
2489 Del Rio Way Dunedin, FL	2.0	2.0	1250	$2,500	$2.00	24d	1	1.27mi
439 S Paula Dr Dunedin, FL	1.0–2.0	1.0	612	$1,995	$3.26	23d	3	1.29mi
2491 Coronado Way Dunedin, FL	3.0	2.0	1346	$2,950	$2.19	4d	1	1.30mi
433 S Paula Dr #17 Dunedin, FL	2.0	2.5	1290	$2,300	$1.78	7d	1	1.34mi
300 Woodette Dr #303 Dunedin, FL	1.0	1.0	720	$2,100	$2.92	2d	1	1.35mi
300 Woodette Dr Unit 404B Dunedin, FL	2.0	2.0	1180	$2,975	$2.52	4d	1	1.35mi
300 Woodette Dr Unit 605A Dunedin, FL	2.0	2.0	1375	$2,300	$1.67	24d	1	1.35mi
1454 Michigan Blvd Dunedin, FL	2.0	1.0	1000	$2,300	$2.30	4d	1	1.45mi
31790 US Highway 19 N Palm Harbor, FL	1.0–2.0	1.0–2.0	842	$2,066	$2.45	11d	16	1.48mi

HOA detail

• Monthly dues: $160 · $1,920/yr
• Likely covers: pool

Listing history 13 events

1. 2026-06-18
   days on market $140,000 Active 64 DOM
2. 2026-06-17
   days on market $140,000 Active 63 DOM
3. 2026-06-16
   days on market $140,000 Active 62 DOM
4. 2026-06-15
   days on market $140,000 Active 61 DOM
5. 2026-06-13
   days on market $140,000 Active 59 DOM
6. 2026-06-09
   days on market $140,000 Active 55 DOM
7. 2026-06-08
   days on market $140,000 Active 54 DOM
8. 2026-06-07
   days on market $140,000 Active 53 DOM
9. 2026-06-04
   days on market $140,000 Active 50 DOM
10. 2026-06-03
    days on market $140,000 Active 49 DOM
11. 2026-06-01
    days on market $140,000 Active 47 DOM
12. 2026-05-31
    days on market $140,000 Active 46 DOM
13. 2026-04-15
    listed $140,000 Active

ⓘ 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 ≥108°F today · 26 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: $24,329
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$700
• − Repairs & maintenance: −$1,946
• − Management: −$1,946
• − HOA: −$1,920
• − Depreciation: −$4,073
• Taxable income: $3,801
• Est. tax owed @ 24.0%: −$912
• After-tax cash flow: $4,777/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 · 12 photos

Average 55/100 Moderate rehab

This manufactured home requires moderate renovations to improve its curb appeal and interior aesthetics, with a focus on painting and updating dated fixtures.

Repairs flagged

• Minor Kitchen cabinets — Aesthetic upgrade needed
• Minor Bathroom fixtures — Update to modernize look
• Moderate Exterior paint — Fresh paint would improve curb appeal

Value-add opportunities

• Both Paint exterior and interior — Fresh paint improves curb appeal and interior aesthetics
• Resale Replace dated kitchen cabinets — Modern cabinets enhance kitchen functionality and appearance
• Resale Replace dated bathroom fixtures — Modern fixtures improve bathroom functionality and appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Aesthetic upgrade needed	Minor	$500–3,000
Bathroom fixtures · Update to modernize look	Minor	$500–3,000
Exterior paint · Fresh paint would improve curb appeal	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Both Paint exterior and interior — Fresh paint improves curb appeal and interior aesthetics ↑
• Resale Replace dated kitchen cabinets — Modern cabinets enhance kitchen functionality and appearance ↑
• Resale Replace dated bathroom fixtures — Modern fixtures improve bathroom functionality and appearance ↑

ⓘ 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 — Palm Harbor

• Score: 81/100
• State rank: #95
• US rank: #1470

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palm Harbor, FL
• County: Pinellas County · 939,478 people
• City population: 79,072
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 38,171
• Household income: $74,078
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 1390.0

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 (83%)
• Race & ethnicity: White 83% Two or more races 7% Hispanic / Latino 6% Black 5% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Lithuanian 4% Slovak 3% Romanian 3%
• Foreign-born: 8% · Canada, South Korea
• Languages at home: 92% English-only · Spanish 3% Other Indo-European 2% Russian/Polish/Slavic 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: ▼ -515.66%
• Current HPI: 387.4694
• Rent YoY: ▲ 2.69%
• 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

1 event — show timeline

• 2026-04-15 Listed $140,000 Stellar MLS as Distributed by MLS Grid