12701 126th Ave #68 · Ridgecrest, FL 33774

$189,000

3 bd · 2.0 ba · 984 sqft · Manufactured public records · 34 Days on market

Built 2022

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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 +26.6/30.0
• DSCR +9.1/10.0
• 1% rule +6.8/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

---OWN THE LAND SHARE---NO LOT RENT---NO MONTHLY CO-OP FEES---UTILITIES INCLUDED--WATER/SEWER/TRASH AND SPECTRUM PACKAGE!!!! OWNERS SUPER MOTIVATED!!! Welcome home to this stunning 2022 Fleetwood double wide located in the ALL- AGE, PET FRIENDLY community of Indian Rocks Estates. JUST MINUTES TO THE BEACH, this PRACTICALLY BRAND NEW beautifully maintained 3 bedroom, 2 bathroom home offers a spacious open concept floorplan designed for comfortable everyday living and effortless entertaining. When you purchase this home, you OWN the HOME and a SHARE !!! SHAREHOLDERS DO NOT PAY LOT RENT, NO MAINTENANCE FEES!!! This home and community are not only centrally located to so much Pinellas has

Key facts

• Inside laundry area
• Tuff shed
• Split bedroom layout

Tags

• 2022 FLEETWOOD DOUBLE WIDE
• LUXURY VINYL FLOORING
• SPLIT BEDROOM LAYOUT
• INSIDE LAUNDRY AREA
• EXPANDED CARPORT
• TUFF SHED

Property features AI

Finance

• Other: Approximately 16.21 acre lot (10 to less than 20 acres); Living area reported as 984 square feet
• HOA & community: Has HOA; association fees listed as none; Community clubhouse and playground; Community mailbox; Buyer approval required; Pets allowed (dogs) with maximum weight ~45 lbs; Association fees include cable, internet, sewer, trash, water, common area taxes, escrow reserves

Exterior

• Parking: Carport with 2 spaces
• Utilities: No private water source listed; Public sewer; Electricity connected; Water connected; Cable connected; Broadband/high-speed internet available
• Home design: Manufactured double wide home; Single-story (one level); Faces northeast; Homestead property
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as double wide
• Exterior features: Storage shed(s); Landscaped lot; Asphalt, gravel and paved road access

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Kitchen-family room combo; Window treatments; 5 total rooms
• Laundry & utility: Washer and dryer in kitchen

🏢 Co-op / cooperative unit. The $189,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $189k.

Deal economics

• At list price, monthly cash flow is $506 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Recommended offer: $183k (3.0% below list) — sets the bar for market timing.

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 (+2.0%/yr); 210 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 34% 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 $1k of loan paydown is wiped out by about $6k 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 34 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.

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 $183,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.18% ✓
• Cap rate: 9.50%
• Cash-on-cash: 11.47%
• DSCR: 1.51
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $158,424
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12501 Ulmerton Rd #129	0.19mi	2/2.0 (-1)	960 (-2%)	3mo	$155,000	$161	79
12501 Ulmerton Rd #122	0.19mi	2/2.0 (-1)	1,035 (+5%)	0mo	$126,000	$122	77
12501 Ulmerton Rd #206	0.19mi	2/2.0 (-1)	1,056 (+7%)	3mo	$165,000	$156	72
12501 Ulmerton Rd #219	0.19mi	2/2.0 (-1)	960 (-2%)	16mo	$179,000	$186	68
12501 Ulmerton Rd #34	0.19mi	2/2.0 (-1)	886 (-10%)	14mo	$182,000	$205	58
12501 Ulmerton Rd #10	0.19mi	2/2.0 (-1)	1,086 (+10%)	14mo	$155,000	$143	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 · 2.01% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-616
• Equity at exit: $28,181

10-year hold

• IRR: 8.3%
• Equity multiple: 1.61×
• Total profit: $32,093
• Equity at exit: $16,341

Cash invested: $52,920 (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: 210
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,235 high
• Mortgage (P&I): −$991
• Tax from tax record: −$190 /mo · $2,283/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $506

Break-even live

Break-even rent $1,595

Max offer price $189,000

Occupancy floor 72%

Sensitivity live

Price	-10% $613	-5% $559	+0% $506	+5% $452	+10% $399
Rent	-10% $329	-5% $417	+0% $506	+5% $594	+10% $682
Rate	-1.0pp $601	-0.5pp $554	base $506	+0.5pp $457	+1.0pp $407

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12800 Vonn Rd Largo, FL	1.0–2.0	1.0	810	$1,458	$1.80	3d	16	0.44mi
13125 Wilcox Rd Largo, FL	1.0–2.0	1.0–2.0	840	$1,830	$2.18	3d	8	0.44mi
13200 Wilcox Rd Largo, FL	2.0	2.0	932	$1,755	$1.88	4d	2	0.48mi
2200 Gladys St Largo, FL	1.0–2.0	1.0–1.5	677	$1,595	$2.35	25d	1	0.60mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,450	$2.76	23d	1	0.65mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,800	$3.15	25d	1	0.65mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,300	$2.19	9d	1	0.67mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,700	$2.57	25d	1	0.67mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	9d	1	0.68mi
1825 134th Ave Largo, FL	3.0	2.0	1005	$2,200	$2.19	25d	1	0.70mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	9d	1	0.72mi
1884 Pine St Largo, FL	3.0	1.5	1012	$2,499	$2.47	23d	1	0.75mi
1741 Trotter Rd Unit A Largo, FL	2.0	1.0	800	$1,350	$1.69	25d	1	0.84mi
3054 Adrian Ave Largo, FL	2.0	1.0	1059	$3,500	$3.31	5d	1	0.84mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	5d	1	0.89mi
13300 Walsingham Rd Largo, FL	1.0–4.0	1.0–2.0	1060	$2,182	$2.06	25d	1	0.89mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	25d	1	0.90mi
2272 16th Ave SW Unit C Largo, FL	2.0	1.0	1031	$2,600	$2.52	25d	1	0.93mi
3223 Dryer Ave Largo, FL	2.0	1.0	1000	$1,800	$1.80	25d	1	0.98mi
9 Jeff Rd Largo, FL	2.0	1.0	964	$2,150	$2.23	5d	1	1.14mi
14130 Rosemary Ln Largo, FL	2.0	1.5	880	$1,725	$1.96	21d	2	1.18mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	9d	1	1.18mi
11201 122nd Ave Largo, FL	1.0–2.0	1.0–2.0	867	$2,300	$2.65	5d	2	1.31mi
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$2,500	$2.71	5d	6	1.38mi

Listing history 14 events

1. 2026-06-18
   price $189,000 Active 34 DOM
2. 2026-06-18
   days on market $195,000 Active 34 DOM
3. 2026-06-17
   days on market $195,000 Active 33 DOM
4. 2026-06-16
   days on market $195,000 Active 32 DOM
5. 2026-06-15
   days on market $195,000 Active 31 DOM
6. 2026-06-13
   pricedays on market $195,000 Active 29 DOM
7. 2026-06-09
   days on market $204,900 Active 25 DOM
8. 2026-06-08
   days on market $204,900 Active 24 DOM
9. 2026-06-07
   days on market $204,900 Active 23 DOM
10. 2026-06-04
    days on market $204,900 Active 20 DOM
11. 2026-06-03
    days on market $204,900 Active 19 DOM
12. 2026-06-01
    days on market $204,900 Active 17 DOM
13. 2026-05-31
    days on market $204,900 Active 16 DOM
14. 2026-05-15
    listed $229,900 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: $2,283 · $190/mo
• Projected year-2 tax: $2,283 · $190/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: $26,823
• − Mortgage interest: −$10,587
• − Property taxes: −$2,283
• − Insurance: −$945
• − Repairs & maintenance: −$2,146
• − Management: −$2,146
• − Depreciation: −$5,498
• Taxable income: $3,218
• Est. tax owed @ 24.0%: −$772
• After-tax cash flow: $5,296/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

• County: Pinellas County · 939,478 people
• 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

1 event — show timeline

• 2026-05-15 Listed $229,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+15.8%/yr

Latest (2025): $2,283 · +151.2% YoY. Source: county tax records.