12300 Vonn Rd #1102 · Largo, FL 33774

$174,000

2 bd · 2.0 ba · 1,045 sqft · Condo public records · 439 Days on market

Built 1972 $603/mo HOA · 27% of rent

---

Why this score? — see what drove the D 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 +11.0/30.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +3.2/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your Golf retirement oasis! This charming 2-bedroom, 2-bath ground-floor condo is the perfect blend of comfort and convenience, offering everything you need to live your best life. Located in a vibrant 55+ community, this gem is only 3 miles from the peaceful shores of Indian Rocks Beach and just 1 mile from the bay—no flood risks here, just pure tranquility. Step outside your back door and enjoy the community pool, or take a leisurely stroll to the adjacent golf course—right in your own backyard. Plus, with shopping and dining options just around the corner, you'll never be far from everything you need. Whether you're enjoying a round of golf, relaxing by the pool, o

Key facts

• Ground floor condo
• Community pool
• Adjacent golf course

Tags

• GROUND FLOOR CONDO
• COMMUNITY POOL
• ADJACENT GOLF COURSE
• SHOPPING AND DINING OPTIONS

Property features AI

Finance

• Other: Homestead exemption indicated
• Financial info: Total monthly fees $603; Total annual fees $7,236; Lease/restrictions apply
• HOA & community: Has HOA (Resource Property Management); Monthly condo fee of $603; Association approval required; Association fees cover cable TV, internet, pool, maintenance (structure and grounds), management, sewer, trash, and escrow reserves; Community amenities include clubhouse, golf, pool, and street lights; Senior community (no pets allowed)

Exterior

• Parking: Carport with 1 space
• Utilities: Public sewer; Water connected; Sewer connected; Electricity available; Cable available
• Home design: Residential condominium; One story; Faces east; Unit on floor 1
• Construction: Concrete construction; Shingle roof; Brick/mortar foundation; Building 1
• Exterior features: Sidewalk; Sliding doors; Storage; In-ground pool; In-ground spa; Asphalt road

Interior

• Kitchen: Built-in oven; Cooktop; Range; Dishwasher; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Thermostat; Walk-in closet(s); Sliding doors; Storage
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $174k.

Deal economics

• At list price, monthly cash flow is $-72 ($-862/yr) — negative.
• To cash-flow at today's rent, offer at most $161k (7.3% below list).
• Meets the 1% rule at list price ($2k rent vs $174k).
• Recommended offer: $153k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.8% vs local median 4.3% 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.
• Zoned schools: Anona Elementary School (math 80% / reading 67%, grade A, #260 of 2,144 statewide, top 13%, 473 students, 45% FRL); Seminole Middle School (math 55% / reading 53%, grade B-, #196 of 571 statewide, top 36%, 824 students, 49% FRL); Largo High School (math 30% / reading 50%, grade F, #296 of 667 statewide, top 45%, 2,055 students, 53% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents rising (+2.0%/yr); 212 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $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 439 days — a 12% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $66k; list at $174k implies a 164% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 27% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $153,120 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 439 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 1.28% ✓
• Cap rate: 5.80%
• Cash-on-cash: -1.77%
• DSCR: 0.92
• GRM: 6.5

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: -20.6%
• Equity multiple: 0.29×
• Total profit: $-34,546
• Equity at exit: $25,944

10-year hold

• IRR: -16.9%
• Equity multiple: 0.12×
• Total profit: $-43,101
• Equity at exit: $15,044

Cash invested: $48,720 (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: 212
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,226 high
• Mortgage (P&I): −$912
• Tax from tax record: −$243 /mo · $2,911/yr
• Insurance: −$72
• HOA: −$603
• Vacancy / Maint / Mgmt: −$468
• Net cashflow: $-72

Break-even live

Break-even rent $2,317

Max offer price $161,313

Occupancy floor 98%

Sensitivity live

Price	-10% $27	-5% $-23	+0% $-72	+5% $-121	+10% $-170
Rent	-10% $-248	-5% $-160	+0% $-72	+5% $16	+10% $104
Rate	-1.0pp $16	-0.5pp $-28	base $-72	+0.5pp $-117	+1.0pp $-163

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: $43,500
• Closing costs: $5,220
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12800 Vonn Rd Largo, FL	1.0–2.0	1.0	810	$1,497	$1.85	0d	16	0.35mi
13584 Twig Ter Largo, FL	3.0	2.0	1278	$4,200	$3.29	6d	1	0.36mi
13300 Walsingham Rd Largo, FL	1.0–4.0	1.0–2.0	1060	$1,788	$1.69	26d	1	0.41mi
12497 136th Ln Largo, FL	3.0	2.0	1350	$2,950	$2.19	26d	1	0.43mi
13200 Wilcox Rd Largo, FL	2.0	2.0	932	$1,755	$1.88	0d	3	0.48mi
13125 Wilcox Rd Largo, FL	1.0–2.0	1.0–2.0	840	$1,830	$2.18	3d	8	0.57mi
2503 Mary Sue St SW Largo, FL	3.0	2.0	1260	$2,211	$1.75	15d	1	0.73mi
14130 Rosemary Ln Largo, FL	2.0	1.5	880	$1,725	$1.96	22d	2	0.77mi
2200 Gladys St Largo, FL	1.0–2.0	1.0–1.5	677	$1,595	$2.35	26d	1	0.79mi
2316 Fulton Way Largo, FL	3.0	2.0	1209	$2,699	$2.23	6d	1	0.82mi
9 Jeff Rd Largo, FL	2.0	1.0	964	$2,150	$2.23	6d	1	0.87mi
2173 Gladys St Largo, FL	3.0	2.0	1071	$2,795	$2.61	0d	1	0.90mi
14283 Sharon Dr Largo, FL	3.0	2.0	1314	$2,590	$1.97	26d	1	0.97mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,450	$2.76	23d	1	0.99mi
3000 Karen Ave Largo, FL	2.0	1.0	888	$2,800	$3.15	26d	1	0.99mi
12760 Indian Rocks Rd Largo, FL	1.0–2.0	1.0–2.0	923	$2,500	$2.71	0d	5	1.09mi
14472 Valentine Dr Largo, FL	2.0	2.0	1271	$2,300	$1.81	19d	1	1.10mi
1830 30th Ln SW Largo, FL	3.0	2.0	1400	$2,725	$1.95	15d	1	1.11mi
1884 Pine St Largo, FL	3.0	1.5	1012	$2,499	$2.47	23d	1	1.13mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	9d	1	1.15mi
3054 Adrian Ave Largo, FL	2.0	1.0	1059	$3,500	$3.31	6d	1	1.17mi
14531 Walsingham Rd Largo, FL	2.0	1.0–2.0	657	$2,600	$3.96	26d	3	1.18mi
11980 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	18d	3	1.20mi
11980 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	26d	1	1.20mi
1825 134th Ave Largo, FL	3.0	2.0	1005	$2,200	$2.19	26d	1	1.21mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	9d	1	1.21mi
11960 133rd Ave Unit 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	26d	1	1.21mi
11960 133rd Ave Apt 1 Largo, FL	3.0	1.0	936	$2,150	$2.30	0d	1	1.21mi
3115 Adrian Ave Largo, FL	1.0	1.0	1344	$1,695	$1.26	6d	1	1.21mi
1635 Gladys St Unit 2 Largo, FL	3.0	1.0	1194	$1,900	$1.59	9d	1	1.22mi
1635 Gladys St Unit 2 Largo, FL	3.0	1.0	1200	$2,000	$1.67	18d	1	1.22mi
11938 133rd Ave Largo, FL	3.0	1.0	1200	$2,150	$1.79	18d	1	1.22mi
11938 133rd Ave Apt 4 Largo, FL	3.0	1.0	1200	$2,150	$1.79	26d	1	1.23mi
1628 Pine St Largo, FL	1.0	1.0	850	$1,650	$1.94	26d	1	1.25mi
11704 127th Ave Largo, FL	3.0	2.0	1311	$2,345	$1.79	6d	1	1.27mi
1665 134th Ave Largo, FL	3.0	1.0	1075	$875	$0.81	0d	1	1.27mi
3223 Dryer Ave Largo, FL	2.0	1.0	1000	$1,800	$1.80	26d	1	1.27mi
1741 Trotter Rd Unit A Largo, FL	2.0	1.0	800	$1,350	$1.69	26d	1	1.29mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	26d	1	1.29mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	6d	1	1.39mi

HOA detail condo

• Monthly dues: $603 · $7,236/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-22
   days on market $174,000 Active 439 DOM
2. 2026-06-18
   days on market $174,000 Active 436 DOM
3. 2026-06-17
   days on market $174,000 Active 435 DOM
4. 2026-06-16
   days on market $174,000 Active 434 DOM
5. 2026-06-15
   days on market $174,000 Active 433 DOM
6. 2026-06-13
   days on market $174,000 Active 431 DOM
7. 2026-06-09
   days on market $174,000 Active 427 DOM
8. 2026-06-08
   days on market $174,000 Active 426 DOM
9. 2026-06-07
   days on market $174,000 Active 425 DOM
10. 2026-06-04
    days on market $174,000 Active 422 DOM
11. 2026-06-03
    days on market $174,000 Active 421 DOM
12. 2026-06-01
    days on market $174,000 Active 419 DOM
13. 2026-05-31
    days on market $174,000 Active 418 DOM
14. 2026-02-13
    price $174,000
15. 2025-10-04
    price $189,000
16. 2025-09-05
    price $200,000
17. 2025-04-08
    listed $207,000 Active
18. 2002-11-19
    soldstatus $66,000
19. 1989-01-26
    soldstatus $55,000

ⓘ 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: $2,911 · $243/mo
• Projected year-2 tax: $2,911 · $243/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 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: $26,716
• − Mortgage interest: −$9,747
• − Property taxes: −$2,911
• − Insurance: −$870
• − Repairs & maintenance: −$2,137
• − Management: −$2,137
• − HOA: −$7,236
• − Depreciation: −$5,062
• Taxable loss: −$3,385
• Est. tax savings @ 24.0%: +$812
• After-tax cash flow: $-49/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

+216.4% since first listed

6 events — show timeline

• 2026-02-13 Price Changed $174,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-04 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-05 Price Changed $200,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-08 Listed $207,000 Stellar MLS as Distributed by MLS Grid
• 2002-11-19 Sold (Public Records) $66,000 Public Records
• 1989-01-26 Sold (Public Records) $55,000 Public Records

Property tax history

+8.9%/yr

Latest (2025): $2,911 · +4.1% YoY. Source: county tax records.