34214 Canal Dr N · Pinellas Park, FL 33781

$135,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 50 Days on market

Built 1975 Est $129k · at est. $210/mo HOA · 10% of rent

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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 +5.4/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful Home on the largest Corner lot in the park!! Furnished 2bed 2 bath home in Top retirement park, Sunset Palms 55+ Share owned community! Land Share value $55,000! Doublewide with additional family room on left of home, plus a screened in patio with TV under the cart port on right side!! Because it is share owned, you only pay $210. a month, which includes all the amenities you could want; WATER, SEWER, TRASH, owned clubhouse, escrows are fully funded, beautiful, heated pool, and spa, fitness center, library, shuffleboard, billiards, lake at the back of park, laundry room, there is also a private golf cart trail to Walmart! Also, minutes away from Gulf Beaches, Tampa bay Buccane

Key facts

• Furnished home
• Owned clubhouse
• Doublewide

Tags

• LARGEST CORNER LOT
• FURNISHED HOME
• DOUBLEWIDE
• ADDITIONAL FAMILY ROOM
• SCREENED IN PATIO
• OWNED CLUBHOUSE

Property features AI

Finance

• Other: Furnished; Living area listed as 1,152 (source: public records); Building area total listed (additional area) but specifics provided in records
• Financial info: Lease restrictions apply; Senior community; Pets not allowed
• HOA & community: Monthly association fee of $210; Association name: Debra; Association approval required; Association amenities include clubhouse, pool, fitness center, recreation facilities, shuffleboard court, laundry; Association fee includes pool, maintenance of grounds, management, private road, recreational facilities, sewer, trash, water, escrow reserves

Exterior

• Parking: Covered parking; Carport (2 spaces); Golf cart parking; Ground-level parking
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Residential mobile home (double wide); One level; Faces south
• Construction: Metal siding; Roof over; Crawlspace foundation; Year built: not provided
• Exterior features: Screened porch; Awnings; Rain gutters; Corner lot; Oversized lot; Asphalt/paved road

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Thermostat; Window treatments; Blinds
• Laundry & utility: Washer; Dryer; Inside laundry room; Inside utility

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $590 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools 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 soft (-3.0%/yr); 226 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 42% of the median local income ($58k/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 $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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $38k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $55k; list at $135k implies a 145% 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 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.51% ✓
• Cap rate: 11.54%
• Cash-on-cash: 18.72%
• DSCR: 1.83
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $129,024
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34657 Orange Dr N	0.13mi	2/2.0	1,152 (0%)	4mo	$128,000	$111	91
34098 Cherry Dr N	0.11mi	2/2.0	1,128 (-2%)	2mo	$125,000	$111	90
82425 New Circle Dr N	0.32mi	2/2.0	1,144 (-1%)	6mo	$130,500	$114	79
82121 B St N #121	0.22mi	2/2.0	1,144 (-1%)	13mo	$165,000	$144	78
34479 Cactus Dr N	0.14mi	2/2.0	1,056 (-8%)	2mo	$118,500	$112	78
82402 New Circle Dr N #402	0.30mi	2/2.0	1,144 (-1%)	9mo	$120,000	$105	78
34541 Violet Dr N	0.09mi	2/2.0	1,008 (-12%)	1mo	$110,000	$109	74
82226 F St N #226	0.19mi	2/2.0	1,056 (-8%)	10mo	$175,000	$166	69
82009 A St N #9	0.26mi	2/2.0	1,060 (-8%)	12mo	$139,900	$132	65
82177 E St N #177	0.16mi	2/2.0	1,008 (-12%)	9mo	$30,000	$30	64

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: 6.9%
• Equity multiple: 1.26×
• Total profit: $9,800
• Equity at exit: $20,129

10-year hold

• IRR: 13.2%
• Equity multiple: 1.90×
• Total profit: $34,167
• 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.

Methodology + full state rankings →

ZIP-level market 33781

• Rents YoY: -3.0%
• Active inventory: 226
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $2,038 high
• Mortgage (P&I): −$708
• Tax from tax record: −$46 /mo · $549/yr
• Insurance: −$56
• HOA: −$210
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $590

Break-even live

Break-even rent $1,291

Max offer price $135,000

Occupancy floor 66%

Sensitivity live

Price	-10% $666	-5% $628	+0% $590	+5% $552	+10% $513
Rent	-10% $429	-5% $509	+0% $590	+5% $670	+10% $751
Rate	-1.0pp $658	-0.5pp $624	base $590	+0.5pp $555	+1.0pp $519

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: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4071 76th Ave N Pinellas Park, FL	2.0	1.0	700	$1,724	$2.46	4d	3	0.49mi
3110 Grand Ave Pinellas Park, FL	1.0–3.0	1.0–2.0	1104	$2,467	$2.23	2d	34	0.54mi
8851 US Highway 19 N Pinellas Park, FL	1.0–3.0	1.0–2.0	993	$2,295	$2.31	2d	23	0.57mi
4355 84th Ave N Pinellas Park, FL	1.0	1.0	700	$1,550	$2.21	3d	10	0.58mi
4057 71st Ter N Pinellas Park, FL	3.0	2.5	1420	$2,650	$1.87	5d	1	0.74mi
4520 76th Ave N Pinellas Park, FL	2.0	1.0	700	$1,545	$2.21	25d	1	0.80mi
2790 Grand Ave Saint Petersburg, FL	1.0–3.0	1.0–2.0	1017	$2,782	$2.73	2d	16	0.89mi
4701 88th Ave N Pinellas Park, FL	1.0–2.0	1.0–2.0	855	$1,853	$2.17	11d	20	0.91mi
4771 78th Ave N Pinellas Park, FL	2.0	2.0	903	$1,640	$1.82	24d	1	0.93mi
3715 66th Ave N Unit B Pinellas Park, FL	2.0	1.0	750	$1,475	$1.97	22d	1	1.01mi
4675 72nd Ave N Pinellas Park, FL	2.0	1.0	750	$1,649	$2.20	22d	1	1.04mi
8400 49th St N Pinellas Park, FL	1.0–2.0	1.0–2.0	707	$1,749	$2.47	2d	22	1.06mi
4940 87th Ave Unit C Pinellas Park, FL	2.0	1.0	700	$2,600	$3.71	25d	1	1.08mi
4631 69th Pl N Pinellas Park, FL	3.0	2.5	1420	$2,595	$1.83	25d	1	1.11mi
7050 48th St N Pinellas Park, FL	3.0	1.5	1008	$2,350	$2.33	25d	1	1.18mi
6898 47th Ln N Pinellas Park, FL	3.0	2.5	1500	$2,525	$1.68	25d	1	1.22mi
5060 76th Ave N #409 Pinellas Park, FL	1.0	1.0	750	$1,295	$1.73	22d	1	1.23mi
4973 91st Ave Unit 12 (C) Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	15d	1	1.23mi
4973 91st Ave Unit C Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	14d	1	1.23mi
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$2,297	$2.19	3d	19	1.25mi
7800 52nd St N Pinellas Park, FL	3.0	1.0	1163	$1,850	$1.59	25d	1	1.27mi
4732 68th Ave N Pinellas Park, FL	2.0	3.0	1210	$2,000	$1.65	25d	1	1.27mi
6379 29th St N Saint Petersburg, FL	3.0	2.0	1323	$2,869	$2.17	25d	1	1.37mi
2715 63rd Ter N Unit B St. Petersburg, FL	2.0	2.0	1030	$1,900	$1.84	25d	1	1.45mi

HOA detail

• Monthly dues: $210 · $2,520/yr
• Likely covers: watersewertrashpoolgym

Listing history 15 events

1. 2026-06-18
   days on market $135,000 Active 50 DOM
2. 2026-06-17
   days on market $135,000 Active 49 DOM
3. 2026-06-16
   days on market $135,000 Active 48 DOM
4. 2026-06-15
   days on market $135,000 Active 47 DOM
5. 2026-06-13
   days on market $135,000 Active 45 DOM
6. 2026-06-09
   days on market $135,000 Active 41 DOM
7. 2026-06-08
   days on market $135,000 Active 40 DOM
8. 2026-06-07
   days on market $135,000 Active 39 DOM
9. 2026-06-04
   days on market $135,000 Active 36 DOM
10. 2026-06-03
    days on market $135,000 Active 35 DOM
11. 2026-06-01
    days on market $135,000 Active 33 DOM
12. 2026-05-31
    days on market $135,000 Active 32 DOM
13. 2026-04-29
    listed $135,000 Active
14. 2018-05-15
    soldstatus $55,000
15. 2010-01-28
    soldstatus $49,500

ⓘ 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: $549 · $46/mo
• Projected year-2 tax: $1,120 · $93/mo
• Expected delta: +$572/yr (+$48/mo · 104.1%)

ⓘ 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) · 51% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,452
• − Mortgage interest: −$7,562
• − Property taxes: −$549
• − Insurance: −$675
• − Repairs & maintenance: −$1,956
• − Management: −$1,956
• − HOA: −$2,520
• − Depreciation: −$3,927
• Taxable income: $5,306
• Est. tax owed @ 24.0%: −$1,273
• After-tax cash flow: $5,804/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 28,072
• Household income: $57,785
• Rent vs Own: 35.6% rent · 64.4% own
• Severe rent burden: 1115.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 16% Asian 14% Two or more races 11% Black 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 5%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 18% · Canada, Vietnam, Jamaica
• Languages at home: 72% English-only · Spanish 12% Vietnamese 7% Other Asian/Pacific 3%

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: ▼ -409.77%
• Current HPI: 348.546
• Rent YoY: ▼ -2.95%
• 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

+172.7% since first listed

3 events — show timeline

• 2026-04-29 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2018-05-15 Sold (Public Records) $55,000 Public Records
• 2010-01-28 Sold (Public Records) $49,500 Public Records

Property tax history

-4.5%/yr

Latest (2025): $549 · +3.8% YoY. Source: county tax records.