15010 113th Ave N #47 · Largo, FL 33774

$148,500

1 bd · 2.0 ba · 848 sqft · Manufactured public records · 71 Days on market

Built 1970 $140/mo HOA

---

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 +9.9/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Coquina Cove, a resident-owned waterfront 55+ co-op community in Largo, located approximately 10 minutes from the sandy shores of Indian Rocks Beach. This unique unit offers great versatility, featuring a spacious bedroom plus a dedicated den/flex room ideal for a home office, hobby space, or guest area. THE HOME: This home features several updates completed in 2020, including appliances, plumbing, vinyl flooring, and vinyl siding. The open-concept living area flows into a functional kitchen, and the mini-split air conditioner was replaced in 2025 for year-round comfort. Whether you are looking for a turnkey snowbird retreat or a home offering the opportunity to update to your pe

Key facts

• Dedicated den
• Waterfront community
• Community pier

Tags

• WATERFRONT COMMUNITY
• DEDICATED DEN
• OPEN-CONCEPT LIVING AREA
• MINI-SPLIT AIR CONDITIONER
• COMMUNITY PIER

Property features AI

Finance

• Other: Third party listing; Public records list living area as 752 sq ft (building area 848 sq ft); Lot size roughly 4.77 acres
• Financial info: Lease restrictions apply; Total monthly fees $140; total annual fees $1,680
• HOA & community: Monthly association fee $140 (includes grounds maintenance, sewer, trash, water); Association approval required; Buyer approval required; Senior community; Pets not allowed; Association contact: Bob Murphy

Exterior

• Utilities: Public water; Public sewer; Electricity available; Sewer available
• Home design: Mobile home (single wide); One story; Faces west; Completed condition; Homesteaded
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built as single wide mobile home
• Exterior features: Deck; Private mailbox; Asphalt road access

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Mini-split cooling; Other heating
• Interior features: Ceiling fans; Double-pane windows
• Laundry & utility: Washer hookup; Electric dryer hookup

🏢 Co-op / cooperative unit. The $148,500 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 1-bed/2.0-bath manufactured listed at $148k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $140k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.1% 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 (+2.0%/yr); 209 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $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 71 days — a 6% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $25k; list at $148k implies a 494% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $139,590 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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.
8. 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.
9. 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: 1.49% ✓
• Cap rate: 12.13%
• Cash-on-cash: 20.85%
• DSCR: 1.93
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.01% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-7,110
• Equity at exit: $22,142

10-year hold

• IRR: 3.7%
• Equity multiple: 1.25×
• Total profit: $10,483
• Equity at exit: $12,840

Cash invested: $41,580 (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: 209
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,218 high
• Mortgage (P&I): −$779
• Tax from tax record: −$49 /mo · $591/yr
• Insurance: −$62
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$140
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $296

Break-even live

Break-even rent $1,844

Max offer price $148,500

Occupancy floor 82%

Sensitivity live

Price	-10% $380	-5% $338	+0% $296	+5% $254	+10% $212
Rent	-10% $121	-5% $208	+0% $296	+5% $383	+10% $471
Rate	-1.0pp $371	-0.5pp $334	base $296	+0.5pp $257	+1.0pp $218

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: $37,125
• Closing costs: $4,455
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10351 Regal Dr Largo, FL	1.0	1.0–1.5	837	$1,700	$2.03	20d	2	0.58mi
10350 Imperial Point Dr W #10 Largo, FL	1.0	1.0	815	$1,550	$1.90	3d	1	0.59mi
10350 Imperial Point Dr W #8 Largo, FL	1.0	1.5	860	$1,675	$1.95	24d	1	0.59mi
10216 Regal Dr #201 Largo, FL	2.0	2.0	1100	$2,000	$1.82	15d	1	0.60mi
10215 Regal Dr #4 Largo, FL	2.0	2.0	1105	$2,300	$2.08	5d	1	0.63mi
14531 Walsingham Rd Largo, FL	2.0	1.0–2.0	657	$2,200	$3.35	24d	3	0.65mi
1 Windrush Blvd #63 Indian Rocks Beach, FL	2.0	1.0	955	$5,000	$5.24	24d	1	0.79mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0–3.0	1.0–2.0	1177	$3,200	$2.72	24d	2	0.85mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0	1.0–2.0	997	$3,875	$3.88	2d	2	0.85mi
206 Bates Ave Unit E Indian Rocks Beach, FL	1.0	1.0	600	$1,945	$3.24	5d	1	0.93mi
717 E Gulf Blvd Unit 3 Indian Rocks Beach, FL	2.0	1.0	850	$2,650	$3.12	20d	1	0.94mi
717 E Gulf Blvd Unit 1 Indian Rocks Beach, FL	2.0	1.0	850	$2,300	$2.71	20d	1	0.94mi
720 E Gulf Blvd Unit B Indian Rocks Beach, FL	2.0	1.0	748	$2,600	$3.48	21d	1	0.95mi
14130 Rosemary Ln Largo, FL	2.0	1.5	880	$1,725	$1.96	21d	2	1.08mi
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$1,450	$1.57	5d	6	1.20mi
9 Jeff Rd Largo, FL	2.0	1.0	964	$2,150	$2.23	5d	1	1.35mi
19610 Gulf Blvd #101 Indian Shores, FL	2.0	2.0	1100	$3,000	$2.73	24d	1	1.40mi
1209 1st St Indian Rocks Beach, FL	2.0	1.5	768	$2,400	$3.12	24d	1	1.44mi

HOA detail

• Monthly dues: $140 · $1,680/yr
• Likely covers: water

Listing history 17 events

1. 2026-06-18
   days on market $148,500 Active 71 DOM
2. 2026-06-17
   days on market $148,500 Active 70 DOM
3. 2026-06-16
   days on market $148,500 Active 69 DOM
4. 2026-06-15
   days on market $148,500 Active 68 DOM
5. 2026-06-13
   days on market $148,500 Active 66 DOM
6. 2026-06-09
   days on market $148,500 Active 62 DOM
7. 2026-06-08
   days on market $148,500 Active 61 DOM
8. 2026-06-07
   days on market $148,500 Active 60 DOM
9. 2026-06-04
   days on market $148,500 Active 57 DOM
10. 2026-06-03
    days on market $148,500 Active 56 DOM
11. 2026-06-01
    days on market $148,500 Active 54 DOM
12. 2026-05-31
    days on market $148,500 Active 53 DOM
13. 2026-04-13
    status Active
14. 2026-03-17
    status Pending
15. 2026-03-13
    listed $148,500 Active
16. 2003-12-31
    soldstatus $25,000
17. 2000-12-01
    soldstatus $18,700

ⓘ 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: $591 · $49/mo
• Projected year-2 tax: $1,233 · $103/mo
• Expected delta: +$641/yr (+$53/mo · 108.5%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 24 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: $26,617
• − Mortgage interest: −$8,318
• − Property taxes: −$591
• − Insurance: −$5,861
• − Repairs & maintenance: −$2,129
• − Management: −$2,129
• − HOA: −$1,680
• − Depreciation: −$4,320
• Taxable income: $1,588
• Est. tax owed @ 24.0%: −$381
• After-tax cash flow: $3,169/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

• County: Pinellas County · 939,478 people
• City population: 106,311
• 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

+694.1% since first listed

5 events — show timeline

• 2026-04-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Listed $148,500 Stellar MLS as Distributed by MLS Grid
• 2003-12-31 Sold (Public Records) $25,000 Public Records
• 2000-12-01 Sold (Public Records) $18,700 Public Records

Property tax history

-1.3%/yr

Latest (2025): $591 · +9.4% YoY. Source: county tax records.