12674 Seminole Blvd Unit M1 · Largo, FL 33778

$29,500

1 bd · 1.0 ba · 420 sqft · Manufactured public records · 10 Days on market

Built 1965 Est $23k · 28% over $192/mo HOA · 13% of rent ↓ 57% since listing

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Why this score? — see what drove the D- 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 +15.0/30.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you’re seeking an inviting 55-plus community, this new listing of a one-bedroom, one-bath home in Midway AM/CAN might be perfect for you! Located in a friendly neighborhood with amenities to enhance your lifestyle, it features a community clubhouse just steps away, where residents meet for social events, activities, and to enjoy the well-kept shuffleboard courts. Additionally, the community provides a pay-by-use laundry facility equipped with washers and dryers, complemented by an outdoor drying yard. The home sits on a corner lot surrounded by open space, giving it a bright, airy feel—ideal as a winter getaway! The low maintenance fee of $192.00 per month covers water, sewer, trash, and lawn care. You’ll be close to Tampa Bay, Gulf beaches, restaurants, and shopping, and the park allows up to two cats. This home combines contentment and community in one attractive package! INTERIOR: Full of promise, this home presents a kitchen outfitted with all essential appliances, a petite eating area, and impressive storage options—including two built-in cupboards with glass doors that are perfect for displaying cherished items. The inviting living space is ideal for movie nights or entertaining guests, while a heating and air conditioning unit keeps things cozy. There's also a practical sleeper sofa in the living room-perfect for hosting last-minute guests. The bathroom includes a practical tub-and-shower combo. In the bright, airy bedroom, a mini-split system ensures year-round solace, and abundant storage is provided by two closets and built-in drawers. Featuring laminate floors throughout, attractive wall panels, and a ceiling fan, this home offers a great foundation with plenty of potential for upgrades and personal touches! EXTERIOR: This home features durable aluminum siding paired with a metal roof for added protection and longevity. An outdoor shed provides the perfect solution for extra storage, while ample space allows room for two vehicles to park with ease. Priced at a tremendous $29,900, with a share included, this property is enjoyable as is, with the freedom to make it uniquely yours. Call to schedule your private showing!

Key facts

• Shuffleboard courts
• Open space
• Community clubhouse

Tags

• COMMUNITY CLUBHOUSE
• SHUFFLEBOARD COURTS
• PAY-BY-USE LAUNDRY FACILITY
• OUTDOOR DRYING YARD
• CORNER LOT
• OPEN SPACE

Property features AI

Finance

• Other: Furnished; Association contact: Stephanie Nistor
• Financial info: Total monthly fees listed as $192; Total annual fees listed as $2,304; Lease restrictions apply
• HOA & community: Monthly association fee of $192; Association amenities include clubhouse, laundry, shuffleboard court; Association fee covers escrow reserves, maintenance, sewer, trash, and water; Buyer approval required; Senior community; Pets allowed (cats OK, number limit)

Exterior

• Parking: Paved access
• Utilities: Public water; Public sewer; Electricity connected and available; Water connected and available; Sewer connected and available; Cable available and connected
• Home design: Residential mobile home (single wide); One story; Faces south; Entry level: One
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built in (single wide mobile home)
• Exterior features: Patio; Private mailbox; Corner lot; Paved lot; Asphalt road surface; Shed(s)

Interior

• Kitchen: Range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Thermostat; Window treatments; Aluminum window frames
• Laundry & utility: Washer included; No dedicated laundry room

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $30k.

Deal economics

• At list price, monthly cash flow is $798 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $30k).
• Cap rate 38.8% 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 (+1.4%/yr); 139 active listings in the ZIP; 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 $204 of loan paydown is wiped out by about $885 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 + 1.4% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $23k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $29,500

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 5.13% ✓
• Cap rate: 38.77%
• Cash-on-cash: 115.99%
• DSCR: 6.16
• GRM: 1.6

CMA / ARV

• ARV (on-the-fly): $23,100
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12674 Seminole Blvd Unit M1	0.00mi	1/1.0	420 (0%)	4mo	$23,000	$55	97

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 · 1.38% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 6.30×
• Total profit: $43,784
• Equity at exit: $4,399

10-year hold

• IRR: —
• Equity multiple: 12.45×
• Total profit: $94,537
• Equity at exit: $2,551

Cash invested: $8,260 (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 33778

• Rents YoY: 1.4%
• Active inventory: 139
• Price-to-rent: 1.6×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$155
• Tax from tax record: −$38 /mo · $460/yr
• Insurance: −$12
• HOA: −$192
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $798

Break-even live

Break-even rent $503

Max offer price $29,500

Occupancy floor 42%

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: $7,375
• Closing costs: $885
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $192 · $2,304/yr
• Likely covers: watersewertrashlandscaping

Listing history 7 events

1. 2026-06-18
   days on market $29,500 Active 10 DOM
2. 2026-06-17
   days on market $29,500 Active 9 DOM
3. 2026-06-16
   days on market $29,500 Active 8 DOM
4. 2026-06-15
   days on market $29,500 Active 7 DOM
5. 2026-06-13
   days on market $29,500 Active 5 DOM
6. 2026-06-09
   remarks 687-char remark
7. 2026-06-09
   listed $29,500 Active 1 DOM

ⓘ 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: $460 · $38/mo
• Projected year-2 tax: $460 · $38/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 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: $18,163
• − Mortgage interest: −$1,652
• − Property taxes: −$460
• − Insurance: −$148
• − Repairs & maintenance: −$1,453
• − Management: −$1,453
• − HOA: −$2,304
• − Depreciation: −$858
• Taxable income: $9,835
• Est. tax owed @ 24.0%: −$2,360
• After-tax cash flow: $7,220/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): 16,807
• Household income: $65,355
• Rent vs Own: 17.1% rent · 82.9% own
• Severe rent burden: 261.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 11% Black 9% Asian 2%
• Hispanic origin (detail): Puerto Rican 3% Cuban 6%
• Common ancestry: Romanian 3% Italian 3% Lithuanian 3%
• Foreign-born: 13% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 10% Vietnamese 1% French/Haitian/Cajun 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: ▼ -320.64%
• Current HPI: 369.3008
• Rent YoY: ▲ 1.38%
• 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

-57.2% since first listed

9 events — show timeline

• 2026-06-08 Listed $29,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Sold (MLS) $23,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-14 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-12-04 Price Changed $36,500 Stellar MLS as Distributed by MLS Grid
• 2024-10-22 Price Changed $49,000 Stellar MLS as Distributed by MLS Grid
• 2024-07-21 Price Changed $64,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-22 Listed $69,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+3.6%/yr

Latest (2025): $460 · +0.2% YoY. Source: county tax records.