1580 Oak Village Dr · Ridgecrest, FL 33778

$154,000

3 bd · 1.5 ba · 1,110 sqft · SingleFamily public records · 12 Days on market

Built 1972 8,268 sqft lot

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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 +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor and Renovator Special! Opportunity awaits at 1580 Oak Village Dr! This solid block construction home offers 3 bedrooms, 1.5 bathrooms, and a 1-car garage, making it the perfect project for investors, renovators, or buyers looking to add their personal touch. Situated in a high and dry location, this property is conveniently located directly across from Ridgecrest Elementary School and just minutes from Largo Mall, shopping, dining, and everyday conveniences. Enjoy easy access throughout Pinellas County, making commuting to beaches, parks, and surrounding areas a breeze. With great bones and an unbeatable location, this home is full of potential and ready for its next chapter! This

Key facts

• Conveniently located
• 8,268 sq ft lot
• Garage

Tags

• SOLID BLOCK CONSTRUCTION
• HIGH AND DRY LOCATION
• CONVENIENTLY LOCATED

Property features AI

Finance

• Financial info: Lease restrictions apply

Exterior

• Parking: Attached garage (1 space)
• Utilities: Public water; Public sewer; Sewer connected; Utilities available
• Home design: Single family residence; One story; Faces north
• Construction: Block and concrete construction; Shingle roof; Block foundation; Built on a single level
• Exterior features: Sidewalk

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Concrete flooring
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Living room/dining room combo
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $154k.

Deal economics

• At list price, monthly cash flow is $839 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $154k).

Location & tenants

• Location reads 72/100 on livability (#323 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, health & safety A+, commute A-; Watch: schools D-, amenities F, employment 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 44% of the median local income ($65k/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 $1k of loan paydown is wiped out by about $5k 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 $43k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,000

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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 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: 1.56% ✓
• Cap rate: 12.83%
• Cash-on-cash: 23.36%
• DSCR: 2.04
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $350,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1649 12th St SW	0.28mi	3/2.0	1,109 (-0%)	2mo	$350,000	$316	83
13698 120th St	0.09mi	3/2.0	1,163 (+5%)	6mo	$290,000	$249	81
720 Orangeview Dr	0.43mi	3/2.0	1,080 (-3%)	7mo	$325,000	$301	67
12781 118th St	0.64mi	3/1.5	1,128 (+2%)	0mo	$259,900	$230	67
13248 120th Ln	0.34mi	4/2.0 (+1)	1,100 (-1%)	10mo	$218,000	$198	67
917 18th St SW	0.70mi	2/2.0 (-1)	1,095 (-1%)	2mo	$350,000	$320	57
2322 Nolan Dr	0.72mi	3/2.0	1,089 (-2%)	9mo	$365,000	$335	54
2733 21st Ave SW	0.74mi	3/2.0	1,130 (+2%)	9mo	$395,000	$350	53
11780 129th Ter	0.55mi	3/2.0	1,224 (+10%)	3mo	$375,000	$306	53
2131 Ridge Rd S #132	0.55mi	2/2.0 (-1)	995 (-10%)	1mo	$165,000	$166	49
2394 19th Ave SW	0.52mi	4/2.0 (+1)	1,186 (+7%)	13mo	$405,000	$341	47
918 18th St SW	0.69mi	2/1.5 (-1)	1,013 (-9%)	6mo	$359,000	$354	44

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: 14.6%
• Equity multiple: 1.57×
• Total profit: $24,700
• Equity at exit: $22,962

10-year hold

• IRR: 22.1%
• Equity multiple: 2.74×
• Total profit: $75,215
• Equity at exit: $13,315

Cash invested: $43,120 (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: 5.4×

Monthly cashflow live

• Estimated rent: $2,395 high
• Mortgage (P&I): −$808
• Tax from tax record: −$181 /mo · $2,167/yr
• Insurance: −$64
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $839

Break-even live

Break-even rent $1,332

Max offer price $154,000

Occupancy floor 60%

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: $38,500
• Closing costs: $4,620
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	4d	1	0.18mi
1825 134th Ave Largo, FL	3.0	2.0	1005	$2,200	$2.19	24d	1	0.26mi
11938 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.29mi
11938 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	16d	1	0.29mi
11960 133rd Ave Unit 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.30mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	7d	1	0.30mi
11980 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	16d	3	0.30mi
11980 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.30mi
1767 10th St SW Largo, FL	4.0	2.0	1374	$2,995	$2.18	4d	1	0.32mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,700	$2.57	24d	1	0.32mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,300	$2.19	7d	1	0.32mi
13250 Ridge Rd Unit 3B1 Largo, FL	3.0	2.0	1225	$1,975	$1.61	17d	1	0.42mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	7d	1	0.46mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	7d	1	0.49mi
740 16th Ave SW Largo, FL	4.0	2.0	1346	$2,695	$2.00	16d	1	0.50mi
2272 16th Ave SW Unit C Largo, FL	2.0	1.0	1031	$2,600	$2.52	24d	1	0.54mi
1741 Trotter Rd Unit A Largo, FL	2.0	1.0	800	$1,350	$1.69	24d	1	0.56mi
775 Royal Palm Cir Largo, FL	2.0	2.0	1008	$1,700	$1.69	4d	1	0.64mi
11704 127th Ave Largo, FL	3.0	2.0	1311	$2,345	$1.79	4d	1	0.67mi
2131 Ridge Rd S #105 Largo, FL	2.0	1.5	1035	$1,850	$1.79	24d	1	0.70mi
11786 126th Ter Largo, FL	4.0	2.0	1242	$2,650	$2.13	20d	1	0.71mi
2317 13th Ave SW Largo, FL	3.0	1.0	1189	$2,309	$1.94	16d	1	0.71mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	24d	1	0.72mi
667 Sugar Palm St Largo, FL	2.0	2.0	1296	$2,500	$1.93	3d	1	0.74mi
910 9th Ave SW Largo, FL	3.0	2.0	1120	$2,100	$1.88	4d	1	0.79mi
1884 Pine St Largo, FL	3.0	1.5	1012	$2,499	$2.47	21d	1	0.82mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,895	$2.84	2d	23	0.84mi
2316 Fulton Way Largo, FL	3.0	2.0	1209	$2,699	$2.23	4d	1	0.88mi
310 15th Ave SW Largo, FL	3.0	2.0	1284	$2,800	$2.18	24d	1	0.88mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,450	$2.76	21d	1	0.91mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,800	$3.15	24d	1	0.91mi
253 Sago Palm St Largo, FL	2.0	2.0	1000	$1,295	$1.29	24d	1	0.91mi
2503 Mary Sue St SW Largo, FL	3.0	2.0	1260	$2,211	$1.75	14d	1	0.91mi
3054 Adrian Ave Largo, FL	2.0	1.0	1059	$3,500	$3.31	4d	1	0.96mi
1830 30th Ln SW Largo, FL	3.0	2.0	1400	$2,725	$1.95	14d	1	0.98mi
1635 Gladys St Unit 2 Largo, FL	3.0	1.0	1200	$2,000	$1.67	16d	1	1.06mi
1635 Gladys St Unit 2 Largo, FL	3.0	1.0	1194	$1,900	$1.59	7d	1	1.06mi
46 Palm Forest Dr Largo, FL	2.0	2.0	1296	$2,200	$1.70	4d	1	1.06mi
11201 122nd Ave Largo, FL	1.0–2.0	1.0–2.0	867	$2,300	$2.65	4d	2	1.08mi
3223 Dryer Ave Largo, FL	2.0	1.0	1000	$1,800	$1.80	24d	1	1.09mi

Listing history 10 events

1. 2026-06-13
   status $154,000 Pending 12 DOM
2. 2026-06-09
   days on market $154,000 Active 12 DOM
3. 2026-06-08
   days on market $154,000 Active 11 DOM
4. 2026-06-07
   days on market $154,000 Active 10 DOM
5. 2026-06-04
   days on market $154,000 Active 7 DOM
6. 2026-06-03
   days on market $154,000 Active 6 DOM
7. 2026-06-02
   days on market $154,000 Active 5 DOM
8. 2026-06-01
   days on market $154,000 Active 4 DOM
9. 2026-05-31
   days on market $154,000 Active 3 DOM
10. 2026-05-28
    listed $154,000 Active

ⓘ 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: $2,167 · $181/mo
• Projected year-2 tax: $2,167 · $181/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 5 d/yr ≥107°F today · 16 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: $28,737
• − Mortgage interest: −$8,626
• − Property taxes: −$2,167
• − Insurance: −$770
• − Repairs & maintenance: −$2,299
• − Management: −$2,299
• − Depreciation: −$4,480
• Taxable income: $8,095
• Est. tax owed @ 24.0%: −$1,943
• After-tax cash flow: $8,131/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 — Ridgecrest

• Score: 72/100
• State rank: #323
• US rank: #5732

Category grades

Amenities F Commute A- Cost of living A- Crime A+ Employment F Housing B Health & safety A+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgecrest, FL
• County: Pinellas County · 939,478 people
• 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

1 event — show timeline

• 2026-05-28 Listed $154,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.6%/yr

Latest (2025): $2,167 · +311.7% YoY. Source: county tax records.