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36750 US Highway 19 #21214
D Composite 43.73
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).

  • ARV discount +15.0/15.0
  • Cash flow +6.7/30.0
  • 1% rule +6.4/10.0
  • Schools +5.7/10.0
  • Livability +4.0/5.0
  • Condition / age +3.8/5.0
  • Rent growth +1.2/5.0
  • DSCR +0.9/10.0
  • Appreciation +0.0/10.0

$135,000

36750 US Highway 19 #21214 · Palm Harbor, FL 34684
1 bd · 1.0 ba · 530 sqft · Condo · 190 Days on market
Built 1974 Good condition $255/sqft · 18% below area Est $165k · 18% under $497/mo HOA · 32% of rent ↓ 3% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Executive Suite “A1” Unit – The perfect vacation - get-away condo! Located right off the famous Valspar Copperhead course. Offering everything you need to be comfortable. A full kitchen, with large refrigerator and stove and large breakfast bar. Enjoy entertaining & relaxing on a large balcony or take just a short walk to the Copperhead Clubhouse, Fairway swimming pool or the Copperhead pool and hot tub. And you will appreciate the recent upgrades including NEW HOT WATER HEATER, NEW WALK-IN SHOWER ENCLOSURE as well as a new toilet, new disposal and new AC motor. Furnished and turnkey - your perfect escape.

Key facts

  • Full kitchen
  • Hot tub
  • Large balcony

Tags

FULL KITCHENLARGE BALCONYCOPPERHEAD CLUBHOUSEFAIRWAY SWIMMING POOLHOT TUB800 WOODED ACRES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 1-bed/1.0-bath condo listed at $135k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-217 ($-3k/yr) — negative.
  • To cash-flow at today's rent, offer at most $104k (23.2% below list).
  • Meets the 1% rule at list price ($2k rent vs $135k).
  • Recommended offer: $104k (23.2% below list) — sets the bar for cash-flow.
  • Cap rate 4.4% vs local median 3.0% in Palm Harbor — 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 81/100 on livability (#95 in FL, #1,470 nationally) — a professional / high-income tenant draw. Strengths: housing A+, commute A, crime A-; Watch: 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: Sutherland Elementary School (math 78% / reading 68%, grade A, #271 of 2,144 statewide, top 13%, 627 students, 42% FRL); Tarpon Springs Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 644 students, 50% FRL); Tarpon Springs High School (math 30% / reading 47%, grade F, #321 of 667 statewide, top 49%, 1,139 students, 46% FRL) — zoned schools at 46% FRL track the district average.
  • Market conditions: Rents falling (-5.2%/yr); 467 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 72d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $933 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.

Negotiation context

  • It's been on market 190 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: HOA is 32% of rent.
  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $103,659 (23.2% below list)

Questions for the listing agent

  1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
  2. It's been on market 190 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
  3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. 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?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  9. 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?
  10. 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.
  11. 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.
  12. 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
1.14%
Cap rate
4.37%
Cash-on-cash
-6.88%
DSCR
0.69
GRM
7.3

CMA / ARV

ARV (median comp)
$165,308
List price
$135,000
Delta
-18.33%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
36750 US Highway 19 #23212 0.00mi 1/1.0 530 (0%) 7mo $160,000 $302 94
36750 US Highway 19 N Unit 1-209 0.49mi 1/1.0 530 (0%) 5mo $169,000 $319 73
36750 US Highway 19 N #01205 0.00mi 1/1.0 610 (+15%) 3mo $190,000 $311 72
36750 US 19 Hwy N #3104 0.08mi 1/1.0 610 (+15%) 1mo $132,000 $216 70
36750 US Highway 19 N #09209 0.00mi 1/1.0 610 (+15%) 7mo $205,000 $336 69
36750 US Highway 19 N #15118 0.00mi 1/1.0 610 (+15%) 8mo $134,000 $220 68
36750 US Highway 19 N #19106 0.07mi 1/1.0 610 (+15%) 6mo $140,000 $230 67
2571 Cyprus Dr Unit 1-106 0.50mi 1/1.0 660 (+24%) 2mo $152,000 $230 50
36750 US Highway 19 N Unit 16-105 0.49mi 1/1.0 610 (+15%) 3mo $197,500 $324 50
36750 US Highway 19 N Unit 3-110 0.49mi 1/1.0 610 (+15%) 5mo $147,000 $241 48
3295 Fox Chase Cir N #105 0.48mi 1/1.0 614 (+16%) 6mo $131,000 $213 48
36750 US Highway 19 N Unit 3-210 0.49mi 1/1.0 610 (+15%) 8mo $154,000 $252 45

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
-33.7%
Equity multiple
-0.05×
Total profit
$-39,843
Equity at exit
$20,129
10-year hold
IRR
-82.5%
Equity multiple
-0.81×
Total profit
$-68,518
Equity at exit
$11,672

Cash invested: $37,800 (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.

Active competition Active MLS

For sale now
1 active
Median asking
$209,500 ($343/sqft)
Median days on market
436 d
This list price
lowest-priced of the active set
ARV vs active asking
-9.2% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34684

Rents YoY
-5.2%
Active inventory
467
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$1,536 high interval (Pro) →
Mortgage (P&I)
$708
Tax est. 1.5%
$169 /mo · $2,025/yr
Insurance
$56
HOA
$497
Vacancy / Maint / Mgmt
$323
Net cashflow
$-217

Break-even live

Break-even rent $1,810
Max offer price $103,659
Occupancy floor

Sensitivity live

Price -10% $-123 -5% $-170 +0% $-217 +5% $-263 +10% $-310
Rent -10% $-338 -5% $-277 +0% $-217 +5% $-156 +10% $-95
Rate -1.0pp $-149 -0.5pp $-182 base $-217 +0.5pp $-252 +1.0pp $-287

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
$33,750
Closing costs
$4,050
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 20 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
36750 US Highway 19 N Unit 4-107 Palm Harbor, FL 1.0 1.0 530 $1,495 $2.82 87d 1 0.00mi
36750 U.S. 19 Unit 3094 Palm Harbor, FL 1.0 1.0 530 $1,700 $3.21 62d 1 0.01mi
36750 U.S. 19 Unit 6-105 Palm Harbor, FL 1.0 1.0 610 $1,600 $2.62 43d 1 0.01mi
36750 U.S. 19 Unit 13-214 Palm Harbor, FL 1.0 1.0 530 $1,500 $2.83 7d 1 0.01mi
36750 U.S. 19 #2879 Palm Harbor, FL 1.0 610 $1,300 $2.13 120d 1 0.08mi
2265 Portofino Pl Unit 21-2123 Palm Harbor, FL 1.0 1.0 750 $1,600 $2.13 84d 1 0.22mi
2141 Portofino Pl Palm Harbor, FL 1.0 1.0 700 $1,510 $2.16 120d 2 0.23mi
2249 Portofino Pl Unit 22-2217 Palm Harbor, FL 1.0 1.0 700 $1,500 $2.14 7d 1 0.26mi
2262 Chianti Pl Unit 5-0526 Palm Harbor, FL 1.0 1.0 750 $1,500 $2.00 43d 1 0.27mi
2171 Portofino Pl Palm Harbor, FL 1.0–2.0 1.0–2.0 912 $1,550 $1.70 67d 2 0.35mi
2188 Chianti Pl Unit 10-102 Palm Harbor, FL 1.0 1.0 750 $1,495 $1.99 32d 1 0.36mi
2141 Portofino Pl Unit 8-2826 Palm Harbor, FL 1.0 1.0 700 $1,520 $2.17 77d 1 0.38mi
36090 US Highway 19 N Palm Harbor, FL 1.0–3.0 1.0–2.0 1063 $1,814 $1.71 4d 35 0.43mi
36750 US-19 Unit 9-123 Palm Harbor, FL 1.0 1.0 530 $1,450 $2.74 83d 1 0.48mi
36750 US-19 Unit 4-209 Palm Harbor, FL 1.0 1.5 530 $2,100 $3.96 88d 1 0.48mi
2350 Cypress Pond Rd Palm Harbor, FL 1.0–2.0 1.0–2.0 790 $1,345 $1.70 2d 50 0.50mi
35820 U.S. 19 Unit A2 Palm Harbor, FL 1.0 1.0 740 $1,814 $2.45 2d 1 0.59mi
36750 US Hwy 19 N #2328 Palm Harbor, FL 1.0 1.0 530 $1,550 $2.92 119d 1 0.82mi
36750 US Highway 19 N #2074 Palm Harbor, FL 1.0 1.0 700 $1,900 $2.71 120d 1 0.82mi
36750 US 19 N Palm Harbor, FL 1.0 1.0 610 $1,875 $3.07 71d 1 1.05mi

Property features AI

Finance

Other
FurnishedPets allowed (max ~150 lbs)Community features: fitness center, golf, pool, playground, tennis, racquetball, community mailbox, deed restrictions, irrigation with reclaimed water, special community restrictions
Financial info
Total monthly fees: $497.32Total annual fees: $5,967.88Lease restrictions apply
HOA & community
HOA required; association name: Shane VaporisMonthly HOA fee approximately $497.32 ($1,491.97 quarterly)HOA includes 24‑hour guard, cable TV, electricity, escrow reserves, internet, structure & grounds maintenance, management, pest control, private road, security, sewer, trash, and waterAssociation amenities: gated entry, laundry, securityBuyer/association approval required

Exterior

Parking
Guest parkingOpen parking
Security
Gated communitySecurity gate
Utilities
Public waterPublic sewerPublic utilities
Home design
CondominiumResidential property3 total stories in building; unit on floor 2Faces westBuilding name: ROSEMOUNT
Construction
Block constructionBuilt‑up roofSlab foundationBuilt (year not specified)
Exterior features
Covered patio/porchMature landscaping with trees

Interior

Kitchen
DisposalMicrowaveRangeRange hoodRefrigerator
Bedrooms
1 bedroom (located on 2nd floor)
Flooring
CarpetCeramic tile
Bathrooms
1 full bathroom
Heating & cooling
Central heatingCentral air conditioning
Interior features
ThermostatWindow treatmentsSliding doors
Laundry & utility
Common area laundry with corridor access

HOA detail $497/mo · $5,964/yr condo

Likely covers
waterpool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-24
    days on market $135,000 Active 190 DOM
  2. 2026-09-23
    days on market $135,000 Active 189 DOM
  3. 2026-09-22
    days on market $135,000 Active 188 DOM
  4. 2026-09-21
    days on market $135,000 Active 187 DOM
  5. 2026-09-20
    days on market $135,000 Active 186 DOM
  6. 2026-09-19
    days on market $135,000 Active 185 DOM
  7. 2026-09-18
    days on market $135,000 Active 184 DOM
  8. 2026-09-17
    days on market $135,000 Active 183 DOM
  9. 2026-09-16
    days on market $135,000 Active 182 DOM
  10. 2026-09-15
    days on market $135,000 Active 181 DOM
  11. 2026-09-14
    days on market $135,000 Active 180 DOM
  12. 2026-09-13
    days on market $135,000 Active 179 DOM
  13. 2026-09-12
    days on market $135,000 Active 178 DOM
  14. 2026-09-12
    days on market $135,000 Active 177 DOM
  15. 2026-09-05
    days on market $135,000 Active 171 DOM
  16. 2026-09-04
    days on market $135,000 Active 170 DOM
  17. 2026-09-03
    days on market $135,000 Active 169 DOM
  18. 2026-08-31
    days on market $135,000 Active 166 DOM
  19. 2026-08-30
    days on market $135,000 Active 165 DOM
  20. 2026-08-29
    days on market $135,000 Active 164 DOM
  21. 2026-08-28
    days on market $135,000 Active 163 DOM
  22. 2026-08-27
    days on market $135,000 Active 162 DOM
  23. 2026-08-25
    days on market $135,000 Active 160 DOM
  24. 2026-08-24
    days on market $135,000 Active 159 DOM
  25. 2026-08-23
    days on market $135,000 Active 158 DOM
  26. 2026-08-22
    days on market $135,000 Active 157 DOM
  27. 2026-08-21
    days on market $135,000 Active 156 DOM
  28. 2026-08-20
    days on market $135,000 Active 155 DOM
  29. 2026-08-19
    days on market $135,000 Active 154 DOM
  30. 2026-08-18
    days on market $135,000 Active 153 DOM
  31. 2026-08-17
    days on market $135,000 Active 152 DOM
  32. 2026-08-16
    days on market $135,000 Active 151 DOM
  33. 2026-08-15
    days on market $135,000 Active 150 DOM
  34. 2026-08-14
    days on market $135,000 Active 149 DOM
  35. 2026-08-13
    days on market $135,000 Active 148 DOM
  36. 2026-08-12
    days on market $135,000 Active 147 DOM
  37. 2026-08-11
    days on market $135,000 Active 146 DOM
  38. 2026-08-10
    days on market $135,000 Active 145 DOM
  39. 2026-08-09
    days on market $135,000 Active 144 DOM
  40. 2026-08-08
    days on market $135,000 Active 143 DOM
  41. 2026-08-06
    days on market $135,000 Active 141 DOM
  42. 2026-08-05
    days on market $135,000 Active 140 DOM
  43. 2026-08-03
    days on market $135,000 Active 138 DOM
  44. 2026-07-31
    days on market $135,000 Active 135 DOM
  45. 2026-07-30
    days on market $135,000 Active 133 DOM
  46. 2026-07-28
    pricedays on market $135,000 Active 132 DOM
  47. 2026-07-26
    days on market $137,900 Active 130 DOM
  48. 2026-07-24
    days on market $137,900 Active 128 DOM
  49. 2026-07-23
    days on market $137,900 Active 127 DOM
  50. 2026-07-22
    days on market $137,900 Active 126 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 9% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 26 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 · 2 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$18,431
− Mortgage interest
−$7,562
− Property taxes
−$2,025
− Insurance
−$675
− Repairs & maintenance
−$1,474
− Management
−$1,474
− HOA
−$5,964
− Depreciation
−$3,927
Taxable loss
−$4,671
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,121
After-tax cash flow
$-1,478/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $2,650–$7,950 screening

This executive suite condo is in good condition with some minor repairs needed. The recent upgrades, including a new hot water heater and AC motor, make it a great investment opportunity.

Repairs flagged

  • Minor kitchen cabinets — Light wear and tear on the cabinets.
  • Minor kitchen countertops — Light wear and tear on the countertops.
  • Minor bathroom walls — Some discoloration on the walls.
  • Minor hallway paint — Paint appears faded in some areas.

Value-add opportunities

  • Resale Paint the kitchen cabinets and countertops — Fresh paint will make the kitchen look more appealing and modern.
  • Resale Paint the bathroom walls — Fresh paint will make the bathroom look more appealing and modern.
  • Resale Replace the carpet in the living areas — Fresh carpet will make the living areas look more inviting and modern.
  • Resale Paint the hallway walls — Fresh paint will make the hallway look more appealing and modern.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 57/100

Zoned Schools

Elementary Sutherland Elementary School A FL #271/2,144 Nat'l #2,661/41,679 Middle Tarpon Springs Middle School B FL #135/571 Nat'l #1,793/14,009 High Tarpon Springs High School F FL #321/667 Nat'l #8,796/17,239

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
A Composite livability gradescore 81/100

Livability — Palm Harbor

Score
81/100
State rank
#95
US rank
#1470

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Palm Harbor, FL
County
Pinellas County · 1,027,532 people
City population
79,072
Metro
Tampa-St. Petersburg-Clearwater, FL
Population (ZIP)
27,029
Household income
$72,145
Rent vs Own
27.1% rent · 72.9% own
Severe rent burden
8% of renters

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 (81%)
Race & ethnicity
White 81% Hispanic / Latino 10% Two or more races 8% Asian 4% Black 3%
Hispanic origin (detail)
Puerto Rican 2% Cuban 2%
Common ancestry
Lithuanian 5% Romanian 5% Scotch-Irish 3%
Foreign-born
13% · Canada, Jamaica, China
Languages at home
84% English-only · Spanish 6% Russian/Polish/Slavic 3% Other Indo-European 2%

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

Price history

-2.9% since first listed
2 events — show timeline
  • 2026-04-28 Price Changed $137,900 Stellar MLS as Distributed by MLS Grid
  • 2026-03-18 Listed $142,000 Stellar MLS as Distributed by MLS Grid

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…