37 Pindo Palm St E · Largo, FL 33770

$79,500

2 bd · 1.5 ba · 812 sqft · Manufactured public records · 88 Days on market

Built 1974 Est $64k · 24% over $554/mo HOA · 31% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Discover the relaxed yet engaging lifestyle offered at Palm Hill Country Club, a well-established 55+ active community rich in amenities and social opportunities. Residents enjoy access to three refreshing swimming pools, two soothing hot tubs, and a variety of recreational options including tennis courts, golf, and the ever-popular pickleball, with even more activities available to suit a wide range of interests. The community fosters a lively atmosphere with planned events, clubs, and organized bus trips, making it easy to stay active and connected. Monthly maintenance fees are attractively priced at just $595.00 and conveniently include water, sewer, lawn care, garbage service, cable, an

Key facts

• Two hot tubs
• Golf
• Pickleball

Tags

• THREE SWIMMING POOLS
• TWO HOT TUBS
• TENNIS COURTS
• GOLF
• PICKLEBALL
• PLANNED EVENTS

Property features AI

Finance

• Other: Furnished (yes)
• Financial info: Total monthly HOA fees: $554 (total annual fees: $6,648); Lease restrictions apply
• HOA & community: Has HOA with monthly fee of $554 (includes cable TV, pool, internet, grounds maintenance, management, recreational facilities, sewer, trash, water, and escrow reserves); Association approval required; Association amenities: clubhouse, pool, spa/hot tub, tennis courts, pickleball courts, shuffleboard court, golf course, recreation facilities, laundry; Senior community; Pets not allowed

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Cable available; BB/HS Internet available; Electricity available and connected; Water and sewer available and connected
• Home design: Residential mobile home (double wide); Single-story; Faces east; Entry level: One
• Construction: Vinyl siding; Roof over; Crawlspace foundation
• Exterior features: Enclosed patio/porch (Florida room); Private mailbox; Sidewalks; Paved lot

Interior

• Kitchen: Range; Range hood; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning; Electric fireplace in living room
• Interior features: Ceiling fans; Open floorplan with living room/dining room combo; Thermostat; Walk-in closet(s); Window treatments; Aluminum window frames
• Laundry & utility: Washer; Dryer; Laundry room (other)

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath manufactured listed at $80k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 4.3% 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: Southern Oak Elementary School (math 63% / reading 49%, grade C+, #832 of 2,144 statewide, top 40%, 556 students, 61% FRL); Largo Middle School (math 38% / reading 35%, grade F, #405 of 571 statewide, top 72%, 882 students, 66% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL).
• Market conditions: Rents falling (-3.5%/yr); 219 active listings in the ZIP; 40 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $550 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $74,730 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 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 1974 — 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. 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.
7. 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.
8. 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: 2.28% ✓
• Cap rate: 12.22%
• Cash-on-cash: 21.17%
• DSCR: 1.94
• GRM: 3.6

CMA / ARV

• ARV (on-the-fly): $64,148
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21 Frangipani Cir	0.21mi	2/2.0	785 (-3%)	9mo	$49,000	$62	75
13 Pindo Palm St E	0.12mi	2/1.0	720 (-11%)	1mo	$47,000	$65	72
13 Frangipani Cir	0.19mi	2/2.0	864 (+6%)	11mo	$75,000	$87	69
19 Pindo Palm St W	0.23mi	2/1.5	912 (+12%)	1mo	$40,000	$44	68
38 Pindo Palm St E	0.08mi	2/2.0	864 (+6%)	19mo	$135,000	$156	68
71 Royal Palm Cir	0.42mi	2/2.0	912 (+12%)	0mo	$72,000	$79	57

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: 8.6%
• Equity multiple: 1.32×
• Total profit: $7,137
• Equity at exit: $11,854

10-year hold

• IRR: 13.6%
• Equity multiple: 1.86×
• Total profit: $19,195
• Equity at exit: $6,874

Cash invested: $22,260 (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 33770

• Rents YoY: -3.5%
• Active inventory: 219
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,816 high
• Mortgage (P&I): −$417
• Tax from tax record: −$38 /mo · $453/yr
• Insurance: −$33
• HOA: −$554
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $393

Break-even live

Break-even rent $1,319

Max offer price $79,500

Occupancy floor 73%

Sensitivity live

Price	-10% $438	-5% $415	+0% $393	+5% $370	+10% $348
Rent	-10% $249	-5% $321	+0% $393	+5% $464	+10% $536
Rate	-1.0pp $433	-0.5pp $413	base $393	+0.5pp $372	+1.0pp $351

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: $19,875
• Closing costs: $2,385
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
253 Sago Palm St Largo, FL	2.0	2.0	1000	$1,295	$1.29	25d	1	0.38mi
910 9th Ave SW Largo, FL	3.0	2.0	1120	$2,100	$1.88	5d	1	0.44mi
775 Royal Palm Cir Largo, FL	2.0	2.0	1008	$1,700	$1.69	5d	1	0.48mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$1,870	$1.75	3d	1	0.50mi
2131 Ridge Rd S #105 Largo, FL	2.0	1.5	1035	$1,850	$1.79	25d	1	0.57mi
157 2nd Ave SW Unit A Largo, FL	2.0	1.0	678	$1,600	$2.36	25d	1	0.60mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,395	$2.35	4d	23	0.62mi
911 Washington Ave #212 Largo, FL	2.0	2.0	885	$1,675	$1.89	5d	1	0.67mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$2,615	$2.65	3d	189	0.78mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	9d	1	0.87mi
417 Woodrow Ave Largo, FL	1.0	1.0	650	$1,175	$1.81	19d	1	0.89mi
264 Ridge Rd N Largo, FL	3.0	1.5	981	$2,400	$2.45	25d	1	0.92mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	5d	1	0.96mi
605 4th Ave NW Largo, FL	1.0–2.0	1.0–2.0	1032	$2,350	$2.28	4d	6	0.99mi
1320 1st Ave NW Largo, FL	2.0	1.0	1100	$2,100	$1.91	25d	1	1.02mi
428 4th St NW Largo, FL	2.0	1.0	850	$1,900	$2.24	25d	1	1.05mi
423 4th St NW Largo, FL	3.0	1.0	960	$1,500	$1.56	6d	1	1.05mi
1500 West Bay Dr Largo, FL	2.0	1.0	740	$1,595	$2.16	16d	1	1.06mi
556 Clearwater Largo Rd Unit 1 Largo, FL	2.0	1.0	750	$1,600	$2.13	3d	1	1.11mi
558 Clearwater Largo Rd Unit 1 Largo, FL	1.0	1.0	620	$1,400	$2.26	3d	1	1.11mi
1517 16th Cir SE Largo, FL	1.0	1.0	625	$1,250	$2.00	5d	1	1.12mi
1825 134th Ave Largo, FL	3.0	2.0	1005	$2,200	$2.19	25d	1	1.13mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	9d	1	1.14mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	5d	1	1.16mi
2272 16th Ave SW Unit C Largo, FL	2.0	1.0	1031	$2,600	$2.52	25d	1	1.17mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	5d	1	1.22mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	16d	1	1.23mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	25d	1	1.23mi
1741 Trotter Rd Unit A Largo, FL	2.0	1.0	800	$1,350	$1.69	25d	1	1.25mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	12d	1	1.25mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	9d	1	1.25mi
2101 West Bay Dr Largo, FL	2.0	1.0	1000	$1,650	$1.65	5d	1	1.33mi
1975 West Bay Dr #115 Largo, FL	1.0	1.0	630	$1,495	$2.37	25d	1	1.34mi
2167 Dart Ave Unit 7 Largo, FL	1.0	1.0	639	$1,395	$2.18	13d	1	1.34mi
2167 Dart Ave Unit 6 Largo, FL	1.0	1.0	630	$1,495	$2.37	15d	1	1.34mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	25d	1	1.36mi
12651 Seminole Blvd #44 Largo, FL	2.0	1.5	1000	$1,450	$1.45	25d	1	1.40mi
1753 Belleair Forest Dr Unit D7 Belleair, FL	2.0	2.0	1068	$1,800	$1.69	25d	1	1.41mi
2301 West Bay Dr Largo, FL	1.0	1.0	600	$1,375	$2.29	25d	1	1.42mi
1040 Clearwater Largo Rd Apt 411 Largo, FL	1.0	1.0	696	$1,650	$2.37	6d	1	1.44mi

HOA detail

• Monthly dues: $554 · $6,648/yr
• Likely covers: watersewertrashcablelandscapingpool

Listing history 17 events

1. 2026-06-15
   days on market $79,500 Active 88 DOM
2. 2026-06-13
   days on market $79,500 Active 86 DOM
3. 2026-06-09
   days on market $79,500 Active 82 DOM
4. 2026-06-08
   days on market $79,500 Active 81 DOM
5. 2026-06-07
   days on market $79,500 Active 80 DOM
6. 2026-06-04
   days on market $79,500 Active 77 DOM
7. 2026-06-03
   days on market $79,500 Active 76 DOM
8. 2026-06-01
   days on market $79,500 Active 74 DOM
9. 2026-05-31
   days on market $79,500 Active 73 DOM
10. 2026-04-30
    price $79,500
11. 2026-04-11
    price $88,500
12. 2026-03-19
    listed $89,900 Active
13. 2026-03-18
    historical
14. 2026-03-03
    listed $89,900 Active
15. 2026-02-23
    soldstatus $59,900
16. 2009-05-18
    soldstatus $45,000
17. 2006-04-01
    soldstatus $39,000

ⓘ 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: $453 · $38/mo
• Projected year-2 tax: $660 · $55/mo
• Expected delta: +$207/yr (+$17/mo · 45.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

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 6 d/yr ≥108°F today · 18 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: $21,790
• − Mortgage interest: −$4,453
• − Property taxes: −$453
• − Insurance: −$398
• − Repairs & maintenance: −$1,743
• − Management: −$1,743
• − HOA: −$6,648
• − Depreciation: −$2,313
• Taxable income: $4,039
• Est. tax owed @ 24.0%: −$969
• After-tax cash flow: $3,743/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 — 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): 25,368
• Household income: $59,815
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1404.0

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 (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Two or more races 9% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 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: ▼ -317.05%
• Current HPI: 353.8484
• Rent YoY: ▼ -3.47%
• 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

+103.8% since first listed

8 events — show timeline

• 2026-04-30 Price Changed $79,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-11 Price Changed $88,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-19 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-23 Sold (Public Records) $59,900 Public Records
• 2009-05-18 Sold (Public Records) $45,000 Public Records
• 2006-04-01 Sold (Public Records) $39,000 Public Records

Property tax history

-1.8%/yr

Latest (2025): $453 · +8.4% YoY. Source: county tax records.