4995 Trillium Ct N · Pinellas Park, FL 33782

$90,000

2 bd · 1.0 ba · 830 sqft · Condo public records · 227 Days on market

Built 1970 $535/mo HOA · 30% of rent

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Why this score? — see what drove the C 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 +21.2/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this 2-bedroom, 1-bath villa in the desirable 55+ Springwood Villas I community. This light-filled home features a neutral interior, wood laminate flooring, and an open, inviting layout. The kitchen offers a cozy eat-in space, and the bonus room with a closet can serve as a home office, guest room, or optional third bedroom. Enjoy the convenience of a covered carport with additional driveway parking. Residents love the maintenance-free lifestyle—the monthly fee covers cable, internet, gas, water, sewer, trash, grounds maintenance, roof, building exterior, and building insurance—so you can simply relax and enjoy all that this vibrant community offers. Community ameniti

Key facts

• Cozy eat in space
• Shuffleboard courts
• Covered carport

Tags

• WOOD LAMINATE FLOORING
• COZY EAT IN SPACE
• BONUS ROOM WITH CLOSET
• COVERED CARPORT
• HEATED POOL
• SHUFFLEBOARD COURTS

Property features AI

Finance

• Other: Unfurnished
• Financial info: Total monthly fees: $535; Total annual fees: $6,420; Lease restrictions apply
• HOA & community: HOA required (Springwood Villas 1) with monthly fee of $535; Association fee includes cable TV, pool, gas, insurance, internet, building and grounds maintenance, recreational facilities, sewer, trash, and water; Clubhouse, pool, laundry, shuffleboard court; Buyer approval required; Senior community; Pets not allowed; Association approval required for buyers

Exterior

• Parking: Assigned parking; Covered parking; Driveway; On-street parking; 1-car carport
• Utilities: Public water; Public sewer; Cable connected; High-speed internet available; Electricity connected; Natural gas connected; Sewer connected; Water connected
• Home design: Residential villa; Single-story; Faces south; Entry level: One
• Construction: Block construction; Shingle roof; Slab foundation; Built as a single-story dwelling
• Exterior features: Lighting; Rain gutters; Sidewalk; Heated pool

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Concrete; Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heat; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room / dining room combo; Thermostat; Bonus room
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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 falling (-5.3%/yr); 200 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 14d 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 ($66k/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 $622 of loan paydown is wiped out by about $3k 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 227 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $65k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; HOA is 30% of rent.
• Climate carrying-cost: moderate flood risk; 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 $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 227 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 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. 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: 1.98% ✓
• Cap rate: 8.03%
• Cash-on-cash: 6.21%
• DSCR: 1.28
• GRM: 4.2

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: -12.9%
• Equity multiple: 0.56×
• Total profit: $-11,061
• Equity at exit: $13,419

10-year hold

• IRR: -17.1%
• Equity multiple: 0.31×
• Total profit: $-17,350
• Equity at exit: $7,782

Cash invested: $25,200 (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 33782

• Rents YoY: -5.3%
• Active inventory: 200
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,780 high
• Mortgage (P&I): −$472
• Tax from tax record: −$231 /mo · $2,777/yr
• Insurance: −$38
• HOA: −$535
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $130

Break-even live

Break-even rent $1,615

Max offer price $90,000

Occupancy floor 88%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9911 Dahlia St #38 Pinellas Park, FL	2.0	1.0	850	$1,300	$1.53	7d	1	0.04mi
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$2,297	$2.19	2d	19	0.33mi
10321 Larchmont Pl N Pinellas Park, FL	2.0	1.0	840	$1,700	$2.02	24d	1	0.38mi
4973 91st Ave Unit 12 (C) Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	14d	1	0.53mi
4973 91st Ave Unit C Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	13d	1	0.53mi
10770 US Highway 19 N #605 Pinellas Park, FL	2.0	2.0	1000	$1,800	$1.80	24d	1	0.57mi
5641 94th Ter N Pinellas Park, FL	3.0	2.0	1066	$2,200	$2.06	7d	1	0.59mi
4701 88th Ave N Pinellas Park, FL	1.0–2.0	1.0–2.0	855	$1,853	$2.17	10d	20	0.73mi
4940 87th Ave Unit C Pinellas Park, FL	2.0	1.0	700	$2,600	$3.71	24d	1	0.84mi
5501 110th Ave N Pinellas Park, FL	1.0–3.0	1.0–2.0	1001	$1,958	$1.96	1d	12	0.85mi
5865 92nd Ave N Pinellas Park, FL	3.0	2.0	1062	$2,400	$2.26	17d	1	0.90mi
8400 49th St N Pinellas Park, FL	1.0–2.0	1.0–2.0	707	$1,749	$2.47	1d	22	0.97mi
8851 US Highway 19 N Pinellas Park, FL	1.0–3.0	1.0–2.0	993	$2,295	$2.31	1d	23	1.00mi
6132 100th Cir N Pinellas Park, FL	3.0	1.0	901	$1,995	$2.21	24d	1	1.06mi
4355 84th Ave N Pinellas Park, FL	1.0	1.0	700	$1,550	$2.21	2d	10	1.09mi
8311 56th Way Unit 2 Pinellas Park, FL	1.0	1.0	750	$2,200	$2.93	24d	1	1.18mi
4771 78th Ave N Pinellas Park, FL	2.0	2.0	903	$1,640	$1.82	23d	1	1.31mi

HOA detail condo

• Monthly dues: $535 · $6,420/yr
• Likely covers: watersewertrashgasinternetcablelandscapinginsurance
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-06-18
   days on market $90,000 Active 227 DOM
2. 2026-06-17
   days on market $90,000 Active 226 DOM
3. 2026-06-16
   days on market $90,000 Active 225 DOM
4. 2026-06-15
   days on market $90,000 Active 224 DOM
5. 2026-06-13
   days on market $90,000 Active 222 DOM
6. 2026-06-09
   days on market $90,000 Active 218 DOM
7. 2026-06-08
   days on market $90,000 Active 217 DOM
8. 2026-06-07
   days on market $90,000 Active 216 DOM
9. 2026-06-04
   days on market $90,000 Active 213 DOM
10. 2026-06-03
    days on market $90,000 Active 212 DOM
11. 2026-06-01
    days on market $90,000 Active 210 DOM
12. 2026-05-31
    days on market $90,000 Active 209 DOM
13. 2026-04-21
    price $90,000
14. 2026-03-25
    price $110,000
15. 2026-01-06
    price $114,900
16. 2025-11-03
    listed $120,000 Active
17. 2023-09-06
    soldstatus $65,000

ⓘ 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: $2,777 · $231/mo
• Projected year-2 tax: $2,777 · $231/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 5/10 Major FEMA zone X (unshaded) · 22% 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: $21,362
• − Mortgage interest: −$5,041
• − Property taxes: −$2,777
• − Insurance: −$450
• − Repairs & maintenance: −$1,709
• − Management: −$1,709
• − HOA: −$6,420
• − Depreciation: −$2,618
• Taxable income: $638
• Est. tax owed @ 24.0%: −$153
• After-tax cash flow: $1,413/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): 22,461
• Household income: $66,461
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 486.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 12% Asian 12% Two or more races 8% Black 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Italian 3% Romanian 2%
• Foreign-born: 17% · Canada, Vietnam, China
• Languages at home: 78% English-only · Spanish 9% Vietnamese 7% 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: ▼ -250.17%
• Current HPI: 314.1689
• Rent YoY: ▼ -5.28%
• 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

+38.5% since first listed

5 events — show timeline

• 2026-04-21 Price Changed $90,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Price Changed $114,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-03 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-06 Sold (Public Records) $65,000 Public Records

Property tax history

+12.5%/yr

Latest (2025): $2,777 · +5.0% YoY. Source: county tax records.