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11485 Oakhurst Rd Unit 200-321
C Composite 55.82
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).

  • ARV discount +15.0/15.0
  • Cash flow +13.0/30.0
  • 1% rule +7.5/10.0
  • Schools +5.4/10.0
  • DSCR +4.1/10.0
  • Livability +4.1/5.0
  • Condition / age +3.8/5.0
  • Rent growth +3.0/5.0
  • Appreciation +0.0/10.0

$99,900

11485 Oakhurst Rd Unit 200-321 · Largo, FL 33774
1 bd · 1.5 ba · 680 sqft · Condo · 864 Days on market
55+ age-restricted Built 1974 Good condition $147/sqft · 27% below area Est $137k · 27% under $675/mo HOA · 40% of rent ↓ 31% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Step into this beautifully maintained 1-bedroom, 1.5-bath condo in the sought-after 55+ community of Waters Edge, perfectly located in the heart of Largo. Whether you’re searching for a seasonal escape or a year-round home, this condo delivers the comfort, convenience, and lifestyle you’ve been waiting for. Perched on the desirable 3rd floor (with elevator access!), this home welcomes you with a freshly painted, light-filled interior and an easy-flow layout. The spacious bedroom offers a private en-suite bath, while the extra half bath is ideal for visiting guests.

Key facts

  • <thoughtful layout>
  • $675 HOA
  • Community pool

Tags

<EXCLUSIVE 55+ COMMUNITY><FRESHLY PAINTED INTERIOR><PRIVATE SCREENED LANAI><THOUGHTFUL LAYOUT>

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.5-bath condo listed at $100k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-41 ($-497/yr) — negative.
  • To cash-flow at today's rent, offer at most $94k (6.0% below list).
  • Meets the 1% rule at list price ($2k rent vs $100k).
  • Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
  • Cap rate 5.8% vs local median 4.0% 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: Oakhurst Elementary School (math 72% / reading 68%, grade A-, #345 of 2,144 statewide, top 17%, 664 students, 38% FRL); Seminole Middle School (math 55% / reading 53%, grade B-, #196 of 571 statewide, top 36%, 824 students, 49% 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) — zoned schools at 44% FRL track the district average.
  • Market conditions: Rents rising (+2.0%/yr); 271 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $691 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 864 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 2y ago; this cycle's ask has dropped $45k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: HOA is 40% of rent.
  • 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 $87,912 (12.0% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 864 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  3. Built in 1974 — 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. 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. 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
1.68%
Cap rate
5.80%
Cash-on-cash
-1.78%
DSCR
0.92
GRM
5.0

CMA / ARV

ARV (median comp)
$137,250
List price
$99,900
Delta
-27.21%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
11945 143rd St #7325 0.48mi 1/1.0 665 (-2%) 2mo $119,000 $179 70
11945 143rd St #7108 0.48mi 1/1.0 665 (-2%) 4mo $157,000 $236 68
14130 Rosemary Ln #3118 0.54mi 1/1.0 660 (-3%) 1mo $140,000 $212 67
12300 Vonn Rd #10201 0.84mi 1/1.0 675 (-1%) 4mo $135,000 $200 58
12300 Vonn Rd #8202 0.84mi 1/1.0 675 (-1%) 5mo $135,000 $200 58
200 10th Ave 1.49mi 2/1.0 (+1) 672 (-1%) 5mo $392,500 $584 52
14130 Rosemary Ln #4211 0.58mi 1/1.0 745 (+10%) 5mo $139,000 $187 51
13717 Mission Oaks Blvd 1.33mi 1/1.0 635 (-7%) 4mo $82,500 $130 48
1 Windrush Blvd #45 1.09mi 1/1.0 770 (+13%) 3mo $268,000 $348 39
506 Gulf Blvd #201 1.31mi 1/1.0 805 (+18%) 1mo $585,000 $727 37
10215 Regal Dr #56 1.08mi 1/1.0 815 (+20%) 2mo $190,000 $233 36
506 Gulf Blvd #505 1.31mi 1/1.0 805 (+18%) 5mo $615,000 $764 34

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 · 2.01% rent growth · sell at horizon

5-year hold
IRR
-20.9%
Equity multiple
0.28×
Total profit
$-20,038
Equity at exit
$14,895
10-year hold
IRR
-18.1%
Equity multiple
0.08×
Total profit
$-25,706
Equity at exit
$8,638

Cash invested: $27,972 (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.

Active competition Active MLS

For sale now
0 active · 1 under contract

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33774

Rents YoY
2.0%
Active inventory
271
Price-to-rent
5.0×

Monthly cashflow live

Estimated rent
$1,676 high interval (Pro) →
Mortgage (P&I)
$524
Tax est. 1.5%
$125 /mo · $1,498/yr
Insurance
$42
HOA
$675
Vacancy / Maint / Mgmt
$352
Net cashflow
$-41

Break-even live

Break-even rent $1,728
Max offer price $93,909
Occupancy floor 97%

Sensitivity live

Price -10% $28 -5% $-7 +0% $-41 +5% $-76 +10% $-110
Rent -10% $-174 -5% $-108 +0% $-41 +5% $25 +10% $91
Rate -1.0pp $9 -0.5pp $-16 base $-41 +0.5pp $-67 +1.0pp $-94

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
$24,975
Closing costs
$2,997
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 18 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
11444 137th St N Largo, FL 1.0 1.0 501 $1,384 $2.76 5d 5 0.19mi
14130 Rosemary Ln Largo, FL 1.0–2.0 1.0–1.5 770 $1,395 $1.81 2d 4 0.49mi
14531 Walsingham Rd Largo, FL 2.0 1.0–2.0 657 $2,200 $3.35 120d 3 0.57mi
14531 Walsingham Rd Largo, FL 1.0–2.0 1.0–2.0 784 $2,500 $3.19 7d 3 0.57mi
12760 Indian Rocks Rd Largo, FL 1.0–2.0 1.0–2.0 923 $1,395 $1.51 5d 10 0.94mi
12760 Indian Rocks Rd Largo, FL 1.0–2.0 1.0–2.0 923 $1,450 $1.57 94d 5 0.94mi
12800 Vonn Rd Largo, FL 1.0–2.0 1.0 810 $1,145 $1.41 2d 14 1.02mi
350 Gulf Blvd Unit 1 Indian Rocks Beach, FL 1.0 1.0 750 $2,000 $2.67 74d 1 1.21mi
717 E Gulf Blvd Apt 2 Indian Rocks Beach, FL 1.0 400 $1,500 $3.75 115d 1 1.24mi
701 1st St Unit 705-3 Indian Rocks Beach, FL 1.0 1.0 750 $1,650 $2.20 6d 1 1.27mi
701 1st St Unit 705-4 Indian Rocks Beach, FL 1.0 1.0 750 $1,695 $2.26 43d 1 1.27mi
705 1st St Unit 4 Indian Rocks Beach, FL 1.0 1.0 750 $1,650 $2.20 6d 1 1.27mi
720 E Gulf Blvd Unit B Indian Rocks Beach, FL 2.0 1.0 748 $2,400 $3.21 7d 1 1.27mi
206 Bates Ave Unit E Indian Rocks Beach, FL 1.0 1.0 600 $1,945 $3.24 100d 1 1.28mi
206 Bates Ave Indian Rocks Beach, FL 1.0 1.0 600 $1,825 $3.04 7d 1 1.28mi
206 Bates Ave Indian Rocks Beach, FL 1.0 1.0 600 $1,945 $3.24 94d 1 1.28mi
2200 Gladys St Largo, FL 1.0–2.0 1.0 677 $1,102 $1.63 2d 8 1.43mi
2200 Gladys St Largo, FL 1.0–2.0 1.0–1.5 745 $1,195 $1.60 32d 1 1.43mi

Property features AI

Finance

Other
Third-party listingLiving area reported as 680 square feet
HOA & community
Association: Resource Property Mgmt/Samantha J. WendlingMonthly condo fee: $675Annual association fees: $8,100Association amenities: clubhouse, fitness center, pool, spa/hot tub, shuffleboard court, laundry, storage, cable TVAssociation fee covers: cable TV, pool, escrow reserves, insurance, internet, structure maintenance, grounds maintenance, pest control, sewer, trash, waterCommunity features: community mailbox, poolSenior communityNo pets allowed

Exterior

Parking
Assigned parkingGuest parkingOpen parking
Utilities
Public waterPublic sewerCable connectedElectricity connectedWater connectedSewer connected
Home design
CondominiumResidential propertyOne level livingThird floor unitFaces southBuilding: WATERS EDGE 3
Construction
Block and stucco constructionOther roofSlab foundation
Exterior features
Covered, enclosed, screened rear porchHeated poolCity limits lotAsphalt/paved roads

Interior

Kitchen
CooktopRangeDishwasherDisposalRefrigeratorExhaust fanElectric water heater
Bedrooms
1 bedroom (located on floor 3)
Flooring
CarpetTile
Bathrooms
1 full bath1 half bath
Heating & cooling
Central heatingCentral air
Interior features
Ceiling fansLiving room/dining room comboThermostatWalk-in closet(s)BlindsSmoke detector(s)
Laundry & utility
Common area laundryStorage rooms

HOA detail $675/mo · $8,100/yr condo

Likely covers
water
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-24
    days on market $99,900 Active 864 DOM
  2. 2026-09-23
    days on market $99,900 Active 863 DOM
  3. 2026-09-22
    days on market $99,900 Active 862 DOM
  4. 2026-09-21
    days on market $99,900 Active 861 DOM
  5. 2026-09-20
    days on market $99,900 Active 860 DOM
  6. 2026-09-19
    days on market $99,900 Active 859 DOM
  7. 2026-09-18
    days on market $99,900 Active 858 DOM
  8. 2026-09-17
    days on market $99,900 Active 857 DOM
  9. 2026-09-16
    days on market $99,900 Active 856 DOM
  10. 2026-09-15
    days on market $99,900 Active 855 DOM
  11. 2026-09-14
    days on market $99,900 Active 854 DOM
  12. 2026-09-13
    days on market $99,900 Active 853 DOM
  13. 2026-09-12
    days on market $99,900 Active 852 DOM
  14. 2026-09-12
    days on market $99,900 Active 851 DOM
  15. 2026-09-05
    days on market $99,900 Active 845 DOM
  16. 2026-09-04
    days on market $99,900 Active 844 DOM
  17. 2026-09-03
    days on market $99,900 Active 843 DOM
  18. 2026-08-31
    days on market $99,900 Active 840 DOM
  19. 2026-08-30
    days on market $99,900 Active 839 DOM
  20. 2026-08-29
    days on market $99,900 Active 838 DOM
  21. 2026-08-28
    days on market $99,900 Active 837 DOM
  22. 2026-08-27
    days on market $99,900 Active 836 DOM
  23. 2026-08-25
    days on market $99,900 Active 834 DOM
  24. 2026-08-24
    days on market $99,900 Active 833 DOM
  25. 2026-08-23
    days on market $99,900 Active 832 DOM
  26. 2026-08-22
    days on market $99,900 Active 831 DOM
  27. 2026-08-21
    days on market $99,900 Active 830 DOM
  28. 2026-08-20
    days on market $99,900 Active 829 DOM
  29. 2026-08-19
    days on market $99,900 Active 828 DOM
  30. 2026-08-18
    days on market $99,900 Active 827 DOM
  31. 2026-08-17
    days on market $99,900 Active 826 DOM
  32. 2026-08-16
    days on market $99,900 Active 825 DOM
  33. 2026-08-15
    days on market $99,900 Active 824 DOM
  34. 2026-08-14
    days on market $99,900 Active 823 DOM
  35. 2026-08-13
    days on market $99,900 Active 822 DOM
  36. 2026-08-12
    days on market $99,900 Active 821 DOM
  37. 2026-08-11
    days on market $99,900 Active 820 DOM
  38. 2026-08-10
    days on market $99,900 Active 819 DOM
  39. 2026-08-09
    days on market $99,900 Active 818 DOM
  40. 2026-08-08
    days on market $99,900 Active 817 DOM
  41. 2026-08-06
    days on market $99,900 Active 815 DOM
  42. 2026-08-05
    days on market $99,900 Active 814 DOM
  43. 2026-08-03
    days on market $99,900 Active 812 DOM
  44. 2026-07-31
    days on market $99,900 Active 809 DOM
  45. 2026-07-30
    days on market $99,900 Active 807 DOM
  46. 2026-07-28
    days on market $99,900 Active 806 DOM
  47. 2026-07-26
    days on market $99,900 Active 804 DOM
  48. 2026-07-24
    days on market $99,900 Active 802 DOM
  49. 2026-07-23
    days on market $99,900 Active 801 DOM
  50. 2026-07-22
    days on market $99,900 Active 800 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$20,111
− Mortgage interest
−$5,596
− Property taxes
−$1,498
− Insurance
−$500
− Repairs & maintenance
−$1,609
− Management
−$1,609
− HOA
−$8,100
− Depreciation
−$2,906
Taxable loss
−$1,707
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$410
After-tax cash flow
$-87/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 · 6 photos

Good 75/100 Cosmetic rehab Est. rehab $3,400–$10,200 screening

This 1-bedroom, 1.5-bath condo in Waters Edge is in good condition with minimal repairs needed. Fresh paint and a new faucet can significantly enhance its appeal and value.

Value-add opportunities

  • Both Paint exterior walls — Fresh paint can enhance the curb appeal and overall aesthetic of the property.
  • Both Replace kitchen faucet — A new faucet can improve the functionality and appearance of the kitchen, making it more appealing to potential buyers or renters.
  • Both Clean kitchen countertops — A clean and organized kitchen can make the space more inviting and functional for potential buyers or renters.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 54/100

Zoned Schools

Elementary Oakhurst Elementary School A- FL #345/2,144 Nat'l #3,382/41,679 Middle Seminole Middle School B- FL #196/571 Nat'l #2,699/14,009 High Seminole High School F FL #351/667 Nat'l #9,347/17,239

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
A Composite livability gradescore 82/100

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 · 1,027,532 people
City population
106,311
Metro
Tampa-St. Petersburg-Clearwater, FL
Population (ZIP)
19,799
Household income
$79,139
Rent vs Own
22.7% rent · 77.3% own
Severe rent burden
8% of renters

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 (74%)
Race & ethnicity
White 74% Black 11% Hispanic / Latino 9% Two or more races 7%
Hispanic origin (detail)
Mexican 2% Puerto Rican 3% Cuban 2%
Common ancestry
Romanian 7% Lithuanian 4% Hispanic 2%
Foreign-born
8% · Canada
Languages at home
91% English-only · Spanish 4% French/Haitian/Cajun 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

Price history

-31.1% since first listed
7 events — show timeline
  • 2026-01-07 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
  • 2025-10-31 Relisted Stellar MLS as Distributed by MLS Grid
  • 2025-10-13 Listing Removed Stellar MLS as Distributed by MLS Grid
  • 2025-01-28 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
  • 2024-11-16 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
  • 2024-07-19 Price Changed $140,000 Stellar MLS as Distributed by MLS Grid
  • 2024-04-25 Listed $145,000 Stellar MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…