11300 124th Ave #150 · Largo, FL 33778

$89,500

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 567 Days on market

Built 1970 $235/mo HOA · 13% 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 +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

WOW. .. BEST DEAL IN THE COMMUNITY! Established in the quiet and well-maintained Bel Aire Mobile Village, this two-bedroom, one-bathroom home, on a corner lot, is perfect for those seeking pleasure and practicality in a 55-plus community. Tucked away from the hustle and bustle, this peaceful neighborhood offers a variety of amenities, including a pool, a clubhouse for social gatherings, and shuffleboard courts for recreational fun. With a maintenance fee at just $235.00 per month—one of the lowest in Pinellas County—residents can enjoy services such as water, sewer, garbage, and lawn care included. The community also allows one small pet, making it a great option for pet owners

Key facts

• Laminate flooring
• Shuffleboard courts
• Remodeled kitchen

Tags

• POOL
• SHUFFLEBOARD COURTS
• REMODELED KITCHEN
• RAISED FLORIDA ROOM
• CENTRAL HEAT AND AIR SYSTEM
• LAMINATE FLOORING

Property features AI

Finance

• Other: Partially furnished; Community directions available
• Financial info: Total monthly fees $235 (total annual fees $2,820)
• HOA & community: Has HOA (monthly fee $235); HOA covers pool, sewer, water, trash, maintenance of grounds, management, recreational facilities, escrow reserves; Association amenities include clubhouse, laundry, pool, recreation facilities, shuffleboard court; Buyer approval required; Senior community; Golf carts allowed; Sidewalks; Pets allowed: dogs with number limit

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Electricity available and connected; Water connected; Sewer connected; Cable available
• Home design: Residential mobile home (single wide); One story; Faces north; Entry level: One
• Construction: Vinyl siding; Roof over; Crawlspace foundation
• Exterior features: Enclosed patio/porch; Awnings; Private mailbox; Sidewalks; Paved lot; Asphalt road frontage; Shed(s)

Interior

• Kitchen: Range; Range hood; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Thermostat; Window treatments; Aluminum window frames
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry located inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $90k.

Deal economics

• At list price, monthly cash flow is $633 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.8% 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; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 33% 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 $619 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 567 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $30k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $51k; list at $90k implies a 75% 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 $78,760 (12.0% below list)

Questions for the listing agent

1. It's been on market 567 days. Have you received any prior offers? Is the seller open to a 12% 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 does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 2.00% ✓
• Cap rate: 14.78%
• Cash-on-cash: 30.30%
• DSCR: 2.35
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $46,368
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11300 124th Ave #69	0.00mi	2/1.0	624 (-7%)	13mo	$25,000	$40	77
12766 Seminole Blvd #58	0.29mi	1/1.5 (-1)	686 (+2%)	5mo	$44,000	$64	72
12674 Seminole Blvd Unit C47	0.26mi	2/1.0	587 (-13%)	4mo	$40,750	$69	63
12766 Seminole Blvd #24	0.29mi	2/1.5	624 (-7%)	16mo	$60,000	$96	60

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 · 1.38% rent growth · sell at horizon

5-year hold

• IRR: 22.9%
• Equity multiple: 1.92×
• Total profit: $23,051
• Equity at exit: $13,345

10-year hold

• IRR: 29.7%
• Equity multiple: 3.44×
• Total profit: $61,065
• Equity at exit: $7,738

Cash invested: $25,060 (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: 4.2×

Monthly cashflow live

• Estimated rent: $1,793 high
• Mortgage (P&I): −$469
• Tax from tax record: −$42 /mo · $503/yr
• Insurance: −$37
• HOA: −$235
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $633

Break-even live

Break-even rent $992

Max offer price $89,500

Occupancy floor 60%

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: $22,375
• Closing costs: $2,685
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	8d	1	0.67mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,395	$2.35	3d	23	0.86mi
10546 106th Ave N Unit a Largo, FL	1.0	1.0	624	$1,223	$1.96	24d	1	1.19mi
10464 106th Ave N Unit 2 Largo, FL	1.0	1.0	500	$1,250	$2.50	14d	1	1.23mi
10464 106th Ave N Unit 2 Largo, FL	1.0	1.0	500	$1,200	$2.40	24d	1	1.23mi
10165 106th Ter Unit 1 Largo, FL	1.0	1.0	624	$1,325	$2.12	24d	1	1.29mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$1,870	$1.75	2d	1	1.38mi

HOA detail

• Monthly dues: $235 · $2,820/yr
• Likely covers: watersewertrashlandscapingpool

Listing history 23 events

1. 2026-06-18
   days on market $89,500 Active 567 DOM
2. 2026-06-17
   days on market $89,500 Active 566 DOM
3. 2026-06-16
   days on market $89,500 Active 565 DOM
4. 2026-06-15
   days on market $89,500 Active 564 DOM
5. 2026-06-13
   days on market $89,500 Active 562 DOM
6. 2026-06-09
   days on market $89,500 Active 558 DOM
7. 2026-06-08
   days on market $89,500 Active 557 DOM
8. 2026-06-07
   days on market $89,500 Active 556 DOM
9. 2026-06-04
   days on market $89,500 Active 553 DOM
10. 2026-06-03
    days on market $89,500 Active 552 DOM
11. 2026-06-01
    days on market $89,500 Active 550 DOM
12. 2026-05-31
    days on market $89,500 Active 549 DOM
13. 2026-05-02
    status Active
14. 2026-05-01
    historical
15. 2026-02-04
    status Active
16. 2026-02-01
    historical
17. 2025-11-02
    status Active
18. 2025-11-01
    historical
19. 2025-08-06
    price $89,500
20. 2025-01-29
    price $109,900
21. 2024-11-24
    listed $119,900 Active
22. 2006-05-01
    soldstatus $51,000
23. 1999-02-11
    soldstatus $18,500

ⓘ 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: $503 · $42/mo
• Projected year-2 tax: $743 · $62/mo
• Expected delta: +$240/yr (+$20/mo · 47.7%)

ⓘ 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: $21,514
• − Mortgage interest: −$5,013
• − Property taxes: −$503
• − Insurance: −$448
• − Repairs & maintenance: −$1,721
• − Management: −$1,721
• − HOA: −$2,820
• − Depreciation: −$2,604
• Taxable income: $6,684
• Est. tax owed @ 24.0%: −$1,604
• After-tax cash flow: $5,989/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

+383.8% since first listed

11 events — show timeline

• 2026-05-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-06 Price Changed $89,500 Stellar MLS as Distributed by MLS Grid
• 2025-01-29 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2024-11-24 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2006-05-01 Sold (Public Records) $51,000 Public Records
• 1999-02-11 Sold (Public Records) $18,500 Public Records

Property tax history

-1.4%/yr

Latest (2025): $503 · -13.8% YoY. Source: county tax records.