11300 124th Ave #63 · Largo, FL 33778

$165,000

3 bd · 2.0 ba · 1,323 sqft · Manufactured public records · 259 Days on market

Built 1992 $212/mo HOA · 9% of rent

---

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
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

LAND SHARE COMMUNITY!! AFFORDABLE MONTHLY HOA 212.00 month MOTIVATED SELLER!!!!!!!!!!!!!!! SELLER WILL CONSIDER ALL REASONABLE OFFERS! This lovely home was built in 1992 and has been meticulously cared for. Once entering the home you will experience the nice open concept of the Living and dining area with vaulted ceiling's. . Home has 3 bedrooms with a split floor plan . The kitchen is large and equipped with lots of cabinetry, Pantry, eat in breakfast area along with washer and dryer area as well. Master bedroom is good size with dual closets. Master bathroom has a newer walk in shower, double vanity with enclosed toilet area. Guest Bedrooms are on the other end of the home creating e

Key facts

• Pantry
• Dual closets
• Large kitchen

Tags

• OPEN CONCEPT LIVING AND DINING
• LARGE KITCHEN
• PANTRY
• BREAKFAST AREA
• DUAL CLOSETS
• WALK IN SHOWER

Property features AI

Finance

• Other: Partially furnished; Private heated in-ground gunite pool; Pool is heated and in-ground
• HOA & community: Community named KELLY KATE; Monthly HOA fee of $212 (includes pool, sewer, trash, water); Association approval required; Community amenities: clubhouse, laundry, pool; Senior community; Pets allowed (dogs) with 20 lb maximum

Exterior

• Parking: Covered carport; 2 carport spaces
• Utilities: Public water; Public sewer; Cable available; Broadband/high-speed internet available; Electricity available and connected
• Home design: Manufactured home (double wide); Attached property; One story; Faces north; Entry level: 1
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation; Built as double wide manufactured unit
• Exterior features: Covered patio; Screened patio; Patio; Rain gutters; Sidewalk; Sliding doors; Storage shed; Workshop; Paved lot/driveway

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator; Exhaust fan; Eat-in kitchen; Solid surface counters
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Cathedral ceilings; Vaulted ceiling; High ceilings; Ceiling fans; Crown molding; Open floorplan; Living room/dining room combo; Eat-in kitchen; Split bedroom layout; Solid surface counters; Thermostat; Window treatments; Skylights; Blinds
• Laundry & utility: Washer; Dryer; Laundry area in kitchen; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $165k.

Deal economics

• At list price, monthly cash flow is $741 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.7% 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; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 45% 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 $46k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 259 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $14k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $165k implies a 160% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 259 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.48% ✓
• Cap rate: 11.68%
• Cash-on-cash: 19.25%
• DSCR: 1.86
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.38% rent growth · sell at horizon

5-year hold

• IRR: 9.3%
• Equity multiple: 1.36×
• Total profit: $16,615
• Equity at exit: $24,602

10-year hold

• IRR: 17.1%
• Equity multiple: 2.30×
• Total profit: $59,943
• Equity at exit: $14,266

Cash invested: $46,200 (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: 5.6×

Monthly cashflow live

• Estimated rent: $2,448 high
• Mortgage (P&I): −$865
• Tax from tax record: −$47 /mo · $559/yr
• Insurance: −$69
• HOA: −$212
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $741

Break-even live

Break-even rent $1,510

Max offer price $165,000

Occupancy floor 65%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11201 122nd Ave Largo, FL	1.0–2.0	1.0–2.0	867	$2,300	$2.65	4d	2	0.14mi
12100 Seminole Blvd Largo, FL	2.0	2.0	1050	$1,750	$1.67	24d	1	0.22mi
11557 124th Ter Largo, FL	3.0	2.0	1601	$3,495	$2.18	18d	1	0.40mi
11707 108th St Unit 1018171P Largo, FL	3.0	2.0	1259	$3,119	$2.48	3d	1	0.45mi
12217 104th Ln Largo, FL	3.0	2.0	1534	$2,495	$1.63	4d	1	0.51mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	24d	1	0.54mi
12651 Seminole Blvd #44 Largo, FL	2.0	1.5	1000	$1,450	$1.45	24d	1	0.58mi
11704 127th Ave Largo, FL	3.0	2.0	1311	$2,345	$1.79	4d	1	0.59mi
10495 118th Ave Largo, FL	3.0	2.0	1169	$2,250	$1.92	4d	1	0.60mi
12293 103rd St Largo, FL	4.0	2.5	1339	$2,469	$1.84	24d	1	0.61mi
11786 126th Ter Largo, FL	4.0	2.0	1242	$2,650	$2.13	20d	1	0.63mi
11290 109th Ln Largo, FL	2.0	1.0	988	$1,995	$2.02	24d	1	0.67mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	8d	1	0.67mi
10560 114th Ter Largo, FL	3.0	1.0	1232	$3,000	$2.44	4d	1	0.69mi
10294 129th Ter Largo, FL	4.0	2.0	1176	$2,119	$1.80	4d	1	0.70mi
12261 Sailwinds Dr #203 Largo, FL	3.0	2.0	1139	$1,800	$1.58	4d	1	0.70mi
13250 Ridge Rd Unit 3B1 Largo, FL	3.0	2.0	1225	$1,975	$1.61	18d	1	0.71mi
11365 115th St Unit 1502692P Largo, FL	4.0	2.0	1819	$6,444	$3.54	2d	1	0.72mi
12293 Sailwinds Dr #203 Largo, FL	3.0	2.0	1155	$2,050	$1.77	14d	1	0.72mi
10887 111th Pl N Largo, FL	3.0	2.0	1300	$2,389	$1.84	22d	1	0.79mi
10100 Sailwinds Blvd N #206 Largo, FL	3.0	2.0	1155	$1,850	$1.60	3d	1	0.80mi
10580 112th Ave Largo, FL	3.0	1.0	925	$1,995	$2.16	4d	1	0.84mi
10155 Sailwinds Blvd S #204 Largo, FL	2.0	2.0	1018	$1,750	$1.72	3d	1	0.85mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,895	$2.84	3d	23	0.86mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	8d	1	0.87mi
10160 Sailwinds Blvd S Largo, FL	2.0	2.0	901	$1,950	$2.16	24d	2	0.87mi
2131 Ridge Rd S #105 Largo, FL	2.0	1.5	1035	$1,850	$1.79	24d	1	0.88mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	4d	1	0.96mi
775 Royal Palm Cir Largo, FL	2.0	2.0	1008	$1,700	$1.69	4d	1	0.96mi
11938 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.98mi
11938 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	17d	1	0.98mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	8d	1	0.99mi
13225 101st St #116 Largo, FL	2.0	2.0	1152	$1,600	$1.39	4d	1	0.99mi
11960 133rd Ave Unit 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	0.99mi
667 Sugar Palm St Largo, FL	2.0	2.0	1296	$2,500	$1.93	3d	1	1.00mi
11980 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	24d	1	1.00mi
11980 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	17d	3	1.00mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,700	$2.57	24d	1	1.03mi
13264 120th Ln Largo, FL	4.0	1.0	1050	$2,300	$2.19	8d	1	1.03mi
10659 108th St Largo, FL	3.0	1.5	1380	$2,550	$1.85	24d	1	1.06mi

HOA detail

• Monthly dues: $212 · $2,544/yr

Listing history 8 events

1. 2026-03-18
   price $165,000
2. 2025-11-21
   price $170,000
3. 2025-09-11
   listed $179,500 Active
4. 2025-07-31
   historical
5. 2025-05-05
   price $189,000
6. 2025-04-13
   listed $195,000 Active
7. 2003-03-01
   soldstatus $63,500
8. 1993-02-16
   soldstatus $17,300

ⓘ 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: $559 · $47/mo
• Projected year-2 tax: $1,370 · $114/mo
• Expected delta: +$811/yr (+$68/mo · 145.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 22 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: $29,374
• − Mortgage interest: −$9,243
• − Property taxes: −$559
• − Insurance: −$825
• − Repairs & maintenance: −$2,350
• − Management: −$2,350
• − HOA: −$2,544
• − Depreciation: −$4,800
• Taxable income: $6,704
• Est. tax owed @ 24.0%: −$1,609
• After-tax cash flow: $7,286/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

+853.8% since first listed

8 events — show timeline

• 2026-03-18 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-21 Price Changed $170,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-11 Listed $179,500 Stellar MLS as Distributed by MLS Grid
• 2025-07-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-05 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-13 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2003-03-01 Sold (Public Records) $63,500 Public Records
• 1993-02-16 Sold (Public Records) $17,300 Public Records

Property tax history

-6.4%/yr

Latest (2025): $559 · +5.0% YoY. Source: county tax records.