11485 Oakhurst Rd Unit A102 · Largo, FL 33774

$139,000

2 bd · 2.0 ba · 1,105 sqft · Condo public records · 23 Days on market

Built 1981 $575/mo HOA · 23% 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 +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Ordered SOLD! Spacious, Sun Splashed Open Floor plan with affordable Condo fees at only $575 per month and this includes Internet and 300 cable channels at no extra charge! Desired, well managed and maintained over 55 building Nice sized 2 bedroom, 2 bath with Glassed in porch and a very peaceful view of the grounds. Washer/dryer in unit! NON-EVACUATION Zone! Unit also has covered parking space. Front entry to kitchen with small eating area. Primary bedroom with en-suite bath and walk in closet looks out over relaxing porch, again, with a lovely view of the grounds! Lovely amenities in complex include redone pool and spa just for A & B buildings, plus stroll out to the pretty gazebo a

Key facts

• Glassed in porch
• Redone pool
• Open floor plan

Tags

• OPEN FLOOR PLAN
• GLASSED IN PORCH
• WASHER DRYER IN UNIT
• COVERED PARKING SPACE
• REDONE POOL
• SPA

Property features AI

Finance

• Other: Unfurnished; Condo land included
• Financial info: Total annual fees $6,900; Lease restrictions apply
• HOA & community: Monthly condo/HOA fee $575 (includes cable TV, pool, internet, management, maintenance - grounds & structure, sewer, trash, water, escrow reserves fund); Association approval required; Association recreation (lease), clubhouse, community mailbox, deed restrictions, sidewalks; No truck/RV/motorcycle parking; Senior community; Pets not allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Cable connected; Water connected
• Home design: Condominium; One story; Faces south; Building A
• Construction: Block and stucco construction; Built-up roof; Slab foundation
• Exterior features: Sliding doors; Sprinkler (metered); Private in-ground gunite pool; Asphalt road

Interior

• Kitchen: Disposal; Microwave; Range; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Walk-in closet(s)
• Laundry & utility: Washer hookup; Dryer hookup; Inside laundry; Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $139k.

Deal economics

• At list price, monthly cash flow is $531 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $137k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.9% 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.
• Market conditions: Rents rising (+2.0%/yr); 209 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 37% of the median local income ($79k/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 $961 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 + 2.0% 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 23 days — a 2% lower offer ($137k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $52k; list at $139k implies a 167% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 23% 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 $136,915 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.76% ✓
• Cap rate: 10.87%
• Cash-on-cash: 16.36%
• DSCR: 1.73
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.01% rent growth · sell at horizon

5-year hold

• IRR: 6.1%
• Equity multiple: 1.24×
• Total profit: $9,166
• Equity at exit: $20,725

10-year hold

• IRR: 14.5%
• Equity multiple: 2.11×
• Total profit: $43,041
• Equity at exit: $12,018

Cash invested: $38,920 (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 33774

• Rents YoY: 2.0%
• Active inventory: 209
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $2,447 high
• Mortgage (P&I): −$729
• Tax from tax record: −$41 /mo · $492/yr
• Insurance: −$58
• HOA: −$575
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $531

Break-even live

Break-even rent $1,776

Max offer price $139,000

Occupancy floor 73%

Sensitivity live

Price	-10% $609	-5% $570	+0% $531	+5% $491	+10% $452
Rent	-10% $337	-5% $434	+0% $531	+5% $627	+10% $724
Rate	-1.0pp $601	-0.5pp $566	base $531	+0.5pp $495	+1.0pp $458

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14283 Sharon Dr Largo, FL	3.0	2.0	1314	$2,590	$1.97	25d	1	0.30mi
14130 Rosemary Ln Largo, FL	2.0	1.5	880	$1,725	$1.96	21d	2	0.49mi
13300 Walsingham Rd Largo, FL	1.0–4.0	1.0–2.0	1060	$1,788	$1.69	25d	1	0.53mi
14531 Walsingham Rd Largo, FL	2.0	1.0–2.0	657	$2,600	$3.96	25d	3	0.57mi
13584 Twig Ter Largo, FL	3.0	2.0	1278	$4,200	$3.29	5d	1	0.68mi
12497 136th Ln Largo, FL	3.0	2.0	1350	$2,950	$2.19	25d	1	0.73mi
11300 Harbor Way #1734 Largo, FL	2.0	2.0	1235	$2,800	$2.27	5d	1	0.76mi
14472 Valentine Dr Largo, FL	2.0	2.0	1271	$2,300	$1.81	18d	1	0.78mi
11500 Shipwatch Dr #1365 Largo, FL	2.0	2.0	1235	$2,400	$1.94	17d	1	0.83mi
9 Jeff Rd Largo, FL	2.0	1.0	964	$2,150	$2.23	5d	1	0.90mi
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$2,500	$2.71	5d	6	0.94mi
1 Windrush Blvd #63 Indian Rocks Beach, FL	2.0	1.0	955	$5,000	$5.24	25d	1	1.00mi
10350 Imperial Point Dr W #8 Largo, FL	1.0	1.5	860	$1,675	$1.95	25d	1	1.02mi
10350 Imperial Point Dr W #10 Largo, FL	1.0	1.0	815	$1,550	$1.90	3d	1	1.02mi
12800 Vonn Rd Largo, FL	1.0–2.0	1.0	810	$1,458	$1.80	2d	16	1.02mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0–3.0	1.0–2.0	1177	$3,200	$2.72	25d	2	1.02mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0	1.0–2.0	997	$3,875	$3.88	3d	2	1.02mi
10351 Regal Dr Largo, FL	1.0	1.0–1.5	837	$1,700	$2.03	20d	2	1.04mi
318 Windrush Blvd #9 Indian Rocks Beach, FL	2.0	2.5	1390	$2,850	$2.05	25d	1	1.05mi
10215 Regal Dr #4 Largo, FL	2.0	2.0	1105	$2,300	$2.08	5d	1	1.09mi
13200 Wilcox Rd Largo, FL	2.0	2.0	932	$1,755	$1.88	4d	2	1.11mi
10216 Regal Dr #201 Largo, FL	2.0	2.0	1100	$2,000	$1.82	15d	1	1.11mi
349 La Hacienda Dr Indian Rocks Beach, FL	3.0	2.0	1254	$5,000	$3.99	25d	1	1.17mi
115 Canal Ave #3 Indian Rocks Beach, FL	2.0	2.0	1415	$4,500	$3.18	25d	1	1.23mi
13125 Wilcox Rd Largo, FL	1.0–2.0	1.0–2.0	840	$1,830	$2.18	2d	8	1.24mi
717 E Gulf Blvd Unit 3 Indian Rocks Beach, FL	2.0	1.0	850	$2,650	$3.12	20d	1	1.24mi
717 E Gulf Blvd Unit 1 Indian Rocks Beach, FL	2.0	1.0	850	$2,300	$2.71	20d	1	1.24mi
9433 Harbor Greens Way #504 Seminole, FL	2.0	2.0	1200	$2,500	$2.08	4d	1	1.27mi
720 E Gulf Blvd Unit B Indian Rocks Beach, FL	2.0	1.0	748	$2,600	$3.48	21d	1	1.27mi
13870 Oakwood Ln Seminole, FL	2.0	2.0	865	$2,600	$3.01	4d	1	1.30mi
9262 140th Ln Seminole, FL	2.0	2.0	1402	$4,500	$3.21	4d	1	1.34mi
9224 Mission Oaks Blvd Seminole, FL	2.0	1.5	805	$1,800	$2.24	25d	1	1.37mi
13827 Mission Oaks Blvd Seminole, FL	2.0	2.0	865	$2,400	$2.77	25d	1	1.37mi
13850 Oakwood Ln Seminole, FL	2.0	1.0	805	$1,400	$1.74	3d	1	1.37mi
19829 Gulf Blvd Indian Shores, FL	2.0	2.0	1400	$3,350	$2.39	8d	1	1.40mi
1000 Bay Pine Blvd Indian Rocks Beach, FL	3.0	1.0	936	$3,595	$3.84	4d	1	1.42mi
2200 Gladys St Largo, FL	1.0–2.0	1.0–1.5	677	$1,595	$2.35	25d	1	1.43mi
2503 Mary Sue St SW Largo, FL	3.0	2.0	1260	$2,211	$1.75	14d	1	1.48mi
13925 Mission Oaks Blvd #13714 Seminole, FL	2.0	2.0	865	$2,200	$2.54	25d	1	1.50mi

HOA detail condo

• Monthly dues: $575 · $6,900/yr
• Likely covers: internetcablelandscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-18
   days on market $139,000 Active 23 DOM
2. 2026-06-17
   days on market $139,000 Active 22 DOM
3. 2026-06-16
   days on market $139,000 Active 21 DOM
4. 2026-06-15
   days on market $139,000 Active 20 DOM
5. 2026-06-13
   days on market $139,000 Active 18 DOM
6. 2026-06-09
   days on market $139,000 Active 14 DOM
7. 2026-06-08
   days on market $139,000 Active 13 DOM
8. 2026-06-07
   pricedays on market $139,000 Active 12 DOM
9. 2026-06-04
   days on market $149,900 Active 9 DOM
10. 2026-06-03
    days on market $149,900 Active 8 DOM
11. 2026-06-02
    days on market $149,900 Active 7 DOM
12. 2026-06-01
    days on market $149,900 Active 6 DOM
13. 2026-05-31
    days on market $149,900 Active 5 DOM
14. 2026-05-26
    listed $149,900 Active
15. 1986-11-19
    soldstatus $52,000
16. 1981-10-01
    soldstatus $64,500

ⓘ 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: $492 · $41/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$662/yr (+$55/mo · 134.6%)

ⓘ 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 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: $29,369
• − Mortgage interest: −$7,786
• − Property taxes: −$492
• − Insurance: −$695
• − Repairs & maintenance: −$2,350
• − Management: −$2,350
• − HOA: −$6,900
• − Depreciation: −$4,044
• Taxable income: $4,753
• Est. tax owed @ 24.0%: −$1,141
• After-tax cash flow: $5,227/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): 19,799
• Household income: $79,139
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 546.0

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 (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: —

Market trends

• HPI YoY: ▼ -383.61%
• Current HPI: 336.629
• Rent YoY: ▲ 2.01%
• 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

+132.4% since first listed

3 events — show timeline

• 2026-05-26 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 1986-11-19 Sold (Public Records) $52,000 Public Records
• 1981-10-01 Sold (Public Records) $64,500 Public Records

Property tax history

-6.8%/yr

Latest (2025): $492 · +7.4% YoY. Source: county tax records.