14130 Rosemary Ln #4105 · Largo, FL 33774

$175,000

2 bd · 1.5 ba · 880 sqft · Condo public records · 23 Days on market

Built 1973 $568/mo HOA · 24% of rent

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Why this score? — see what drove the C 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 +20.1/30.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• DSCR +6.4/10.0
• 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

Under contract-accepting backup offers. WELCOME HOME to this move-in ready 2-bedroom, 1.5-bath ground-floor condo in the highly desirable 55+ Lakeview of Largo community, offering incredible lake, fountain, and clubhouse views! This unit is located in Phase 2 (buildings 4,5, 6 only) and has no roof assessments - already completed and paid in full - major value advantage, offering added certainty with no upcoming roof expenses! This light-filled unit offers an open layout with fresh paint, new baseboards, and wood-look waterproof, scratch-resistant luxury vinyl flooring. The kitchen features soft-close cabinetry, ample storage, breakfast bar, and room for a small dining table set. The pri

Key facts

• Cedar panelling
• Hvac updates
• Lake views

Tags

• LAKE VIEWS
• OPEN LAYOUT
• SOFT-CLOSE CABINETRY
• CEDAR PANELLING
• HVAC UPDATES
• REFURBISHED WATER HEATER

Property features AI

Finance

• Other: Unit is sold furnished; Condo land included
• Financial info: Total monthly fees shown as $568.31; total annual fees $6,819.72; Lease restrictions apply
• HOA & community: HOA required; monthly fee includes cable TV, internet, pool, common area taxes, management, maintenance (structure & grounds), private road, sewer, trash and water; Monthly association fee: $568.31; Association amenities: clubhouse, pool, laundry, storage, maintenance; Association approval required; Senior community; pets not allowed

Exterior

• Parking: Guest and reserved parking
• Utilities: Public water; Public sewer; Electricity available; Cable available; Broadband / high-speed internet available
• Home design: Residential condominium; One story (first-floor unit); Faces west
• Construction: Block construction; Shingle roof; Slab foundation; Built as part of a multi-building complex (Building 4)
• Exterior features: Exterior lighting; Sliding doors; In-ground pool; Lakefront with water view and lake access (35 ft frontage); Landscaped grounds; Asphalt private maintained road

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Living room / dining room combo; Open floorplan; Thermostat; Walk-in closets; Building has an elevator
• Laundry & utility: Common area laundry room with corridor access

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $175k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $172k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.8% 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 (+2.0%/yr); 209 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 36% 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 $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.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 21y ago 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 $150k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.

Recommended offer $172,375 (1.5% below list)

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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 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: 1.35% ✓
• Cap rate: 7.78%
• Cash-on-cash: 5.32%
• DSCR: 1.24
• GRM: 6.2

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: -9.3%
• Equity multiple: 0.66×
• Total profit: $-16,532
• Equity at exit: $26,093

10-year hold

• IRR: -1.5%
• Equity multiple: 0.90×
• Total profit: $-4,687
• Equity at exit: $15,131

Cash invested: $49,000 (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: 6.2×

Monthly cashflow live

• Estimated rent: $2,358 high
• Mortgage (P&I): −$918
• Tax from tax record: −$87 /mo · $1,041/yr
• Insurance: −$73
• HOA: −$568
• Vacancy / Maint / Mgmt: −$495
• Net cashflow: $217

Break-even live

Break-even rent $2,083

Max offer price $175,000

Occupancy floor 86%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14130 Rosemary Ln Largo, FL	2.0	1.5	880	$1,725	$1.96	20d	2	0.15mi
14531 Walsingham Rd Largo, FL	2.0	1.0–2.0	657	$2,600	$3.96	24d	3	0.31mi
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$2,500	$2.71	4d	6	0.40mi
9 Jeff Rd Largo, FL	2.0	1.0	964	$2,150	$2.23	4d	1	0.44mi
1 Windrush Blvd #63 Indian Rocks Beach, FL	2.0	1.0	955	$5,000	$5.24	24d	1	0.55mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0	1.0–2.0	997	$3,875	$3.88	2d	2	0.55mi
1 Windrush Blvd Indian Rocks Beach, FL	2.0–3.0	1.0–2.0	1177	$3,200	$2.72	24d	2	0.55mi
717 E Gulf Blvd Unit 3 Indian Rocks Beach, FL	2.0	1.0	850	$2,650	$3.12	20d	1	0.77mi
717 E Gulf Blvd Unit 1 Indian Rocks Beach, FL	2.0	1.0	850	$2,300	$2.71	20d	1	0.77mi
720 E Gulf Blvd Unit B Indian Rocks Beach, FL	2.0	1.0	748	$2,600	$3.48	20d	1	0.81mi
206 Bates Ave Unit E Indian Rocks Beach, FL	1.0	1.0	600	$1,945	$3.24	4d	1	0.82mi
13300 Walsingham Rd Largo, FL	1.0–4.0	1.0–2.0	1060	$1,788	$1.69	24d	1	0.86mi
1000 Bay Pine Blvd Indian Rocks Beach, FL	3.0	1.0	936	$3,595	$3.84	4d	1	0.89mi
12800 Vonn Rd Largo, FL	1.0–2.0	1.0	810	$1,458	$1.80	2d	16	0.91mi
13200 Wilcox Rd Largo, FL	2.0	2.0	932	$1,755	$1.88	3d	2	0.95mi
1210 Bay Palm Blvd Indian Rocks Beach, FL	3.0	2.0	1118	$4,495	$4.02	4d	1	1.02mi
1209 1st St Indian Rocks Beach, FL	2.0	1.5	768	$2,400	$3.12	24d	1	1.03mi
13125 Wilcox Rd Largo, FL	1.0–2.0	1.0–2.0	840	$1,830	$2.18	2d	8	1.07mi
2200 Gladys St Largo, FL	1.0–2.0	1.0–1.5	677	$1,595	$2.35	24d	1	1.19mi
1400 Gulf Blvd Unit 2B Indian Rocks Beach, FL	2.0	2.0	1074	$5,900	$5.49	24d	1	1.19mi
10350 Imperial Point Dr W #8 Largo, FL	1.0	1.5	860	$1,675	$1.95	24d	1	1.27mi
10350 Imperial Point Dr W #10 Largo, FL	1.0	1.0	815	$1,550	$1.90	3d	1	1.27mi
10351 Regal Dr Largo, FL	1.0	1.0–1.5	837	$1,700	$2.03	20d	2	1.28mi
10215 Regal Dr #4 Largo, FL	2.0	2.0	1105	$2,300	$2.08	4d	1	1.34mi
10216 Regal Dr #201 Largo, FL	2.0	2.0	1100	$2,000	$1.82	14d	1	1.35mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,450	$2.76	21d	1	1.47mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,800	$3.15	24d	1	1.47mi

HOA detail condo

• Monthly dues: $568 · $6,816/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-04-26
   status Pending
2. 2026-04-03
   listed $175,000 Active
3. 2024-11-06
   historical
4. 2024-08-01
   listed $186,500 Active
5. 2024-07-17
   historical
6. 2024-06-06
   listed $210,000 Active
7. 2023-08-31
   soldstatus $150,000
8. 2023-08-28
   soldstatus $150,000 Closed
9. 2023-07-18
   status Pending
10. 2023-07-18
    price $160,000
11. 2023-07-03
    price $169,000
12. 2023-05-29
    price $171,000
13. 2023-05-24
    price $185,000
14. 2023-05-17
    price $195,000
15. 2023-05-11
    price $210,000
16. 2023-04-20
    listed $225,000 Active
17. 2008-06-09
    soldstatus $75,500
18. 2008-05-23
    soldstatus $75,500
19. 2007-10-16
    listed $89,000
20. 2007-08-31
    historical
21. 2007-08-09
    listed $124,900
22. 2007-02-08
    listed $124,900
23. 2006-05-12
    listed $142,000
24. 2005-11-18
    listed $147,700

ⓘ 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: $1,041 · $87/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$411/yr (+$34/mo · 39.5%)

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

Taxation est. · year 1

• Rental income: $28,296
• − Mortgage interest: −$9,803
• − Property taxes: −$1,041
• − Insurance: −$875
• − Repairs & maintenance: −$2,264
• − Management: −$2,264
• − HOA: −$6,816
• − Depreciation: −$5,091
• Taxable income: $143
• Est. tax owed @ 24.0%: −$34
• After-tax cash flow: $2,575/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): 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

+18.5% since first listed

24 events — show timeline

• 2026-04-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-08-01 Listed $186,500 Stellar MLS as Distributed by MLS Grid
• 2024-07-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-06-06 Listed $210,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-31 Sold (Public Records) $150,000 Public Records
• 2023-08-28 Sold (MLS) $150,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-07-18 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-03 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-29 Price Changed $171,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-24 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-17 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-11 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-20 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 2008-06-09 Sold (Public Records) $75,500 Public Records
• 2008-05-23 Sold (MLS) $75,500 Stellar MLS as Distributed by MLS Grid
• 2007-10-16 Listed $89,000 Stellar MLS as Distributed by MLS Grid
• 2007-08-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-08-09 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2007-02-08 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2006-05-12 Listed $142,000 Stellar MLS as Distributed by MLS Grid
• 2005-11-18 Listed $147,700 Stellar MLS as Distributed by MLS Grid

Property tax history

+0.1%/yr

Latest (2025): $1,041 · +7.5% YoY. Source: county tax records.