354 King Palm St · Largo, FL 33778

$58,200

2 bd · 2.0 ba · 768 sqft · Manufactured public records · 113 Days on market

Built 1975 Est $67k · 13% under $554/mo HOA · 29% 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
• ARV discount +13.3/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Perfectly positioned within Palm Hill Country Club, a 55+ community, this two-bedroom, one-and-a-half-bath residence enjoys a prime location directly across from the clubhouse and pool, placing recreation and leisure just steps from your front door. The $595.00 monthly maintenance fee includes water, sewer, garbage pickup, lawn service, cable, and internet—making for hassle-free living with bundled utilities. Residents have plenty to enjoy: a nine-hole golf course, two clubhouses, three swimming pools, two jacuzzis, three tennis courts, two bocce courts, two shuffleboard complexes (one fully enclosed), two billiards rooms, horseshoe pits, and a pickleball court. With so many activitie

Key facts

• Two jacuzzis
• Three swimming pools
• Two bocce courts

Tags

• PRIME LOCATION
• ACROSS FROM CLUBHOUSE
• NINE-HOLE GOLF COURSE
• THREE SWIMMING POOLS
• TWO JACUZZIS
• TWO BOCCE COURTS

Property features AI

Finance

• Other: Partially furnished
• Financial info: Total monthly fees $554; total annual fees $6,648; Lease restrictions apply
• HOA & community: Has HOA; monthly fee $554 (includes cable TV, pool, internet, grounds maintenance, management, recreational facilities, sewer, trash, water, escrow reserves fund); Association amenities: clubhouse, golf course, laundry, pickleball court(s), pool, recreation facilities, shuffleboard court, spa/hot tub, tennis court(s); Association approval required; Buyer approval required; Senior community; Pets not allowed; Golf carts allowed; Community mailbox; Sidewalks; Association contact: Megan DiBello

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Cable available; High-speed internet available; Electricity available and connected; Water connected; Sewer connected; BB/HS internet available
• Home design: Residential mobile home (double wide); One story; Faces south; Entry level: One
• Construction: Vinyl siding; Roof over; Crawlspace foundation; Building area total 1492 sq ft
• Exterior features: Enclosed patio/porch; Sidewalk; Sliding doors; Shed(s)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate; Vinyl
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Eat-in kitchen; Thermostat; Window treatments; Florida room
• Laundry & utility: Washer; Dryer; Laundry: other

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $58k.

Deal economics

• At list price, monthly cash flow is $580 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $58k).
• Recommended offer: $53k (9.0% below list) — sets the bar for market timing.
• Cap rate 18.2% 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; 35 comparable units currently listed for rent nearby; rentals leasing fast (median 8d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 35% 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 $402 of loan paydown is wiped out by about $2k 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 $16k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $7k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $52,962 (9.0% below list)

Questions for the listing agent

1. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 9% 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. 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: 3.25% ✓
• Cap rate: 18.24%
• Cash-on-cash: 42.68%
• DSCR: 2.90
• GRM: 2.6

CMA / ARV

• ARV (on-the-fly): $66,816
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21 Frangipani Cir	0.56mi	2/2.0	785 (+2%)	9mo	$49,000	$62	63
13 Pindo Palm St E	0.51mi	2/1.0	720 (-6%)	1mo	$47,000	$65	61
95 Pindo Palm St E	0.24mi	2/2.0	672 (-12%)	15mo	$89,000	$132	55
38 Pindo Palm St E	0.33mi	2/2.0	864 (+12%)	19mo	$135,000	$156	48
13 Frangipani Cir	0.57mi	2/2.0	864 (+12%)	11mo	$75,000	$87	44

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: 36.9%
• Equity multiple: 2.52×
• Total profit: $24,790
• Equity at exit: $8,678

10-year hold

• IRR: 42.4%
• Equity multiple: 4.59×
• Total profit: $58,460
• Equity at exit: $5,032

Cash invested: $16,296 (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: 2.6×

Monthly cashflow live

• Estimated rent: $1,891 high
• Mortgage (P&I): −$305
• Tax from tax record: −$31 /mo · $372/yr
• Insurance: −$24
• HOA: −$554
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $580

Break-even live

Break-even rent $1,158

Max offer price $58,200

Occupancy floor 64%

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: $14,550
• Closing costs: $1,746
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
253 Sago Palm St Largo, FL	2.0	2.0	1000	$1,295	$1.29	24d	1	0.03mi
2098 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1018	$2,395	$2.35	2d	23	0.26mi
775 Royal Palm Cir Largo, FL	2.0	2.0	1008	$1,700	$1.69	3d	1	0.26mi
2131 Ridge Rd S #105 Largo, FL	2.0	1.5	1035	$1,850	$1.79	24d	1	0.28mi
1201 Seminole Blvd Largo, FL	1.0–3.0	1.0–2.0	1067	$1,870	$1.75	1d	1	0.35mi
13333 Ridge Rd Largo, FL	1.0–2.0	1.0–1.5	860	$1,765	$2.05	7d	1	0.67mi
910 9th Ave SW Largo, FL	3.0	2.0	1120	$2,100	$1.88	3d	1	0.78mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$2,615	$2.65	1d	189	0.80mi
1448 Oak St Largo, FL	2.0	2.0	1070	$2,300	$2.15	3d	1	0.90mi
1517 16th Cir SE Largo, FL	1.0	1.0	625	$1,250	$2.00	3d	1	0.92mi
157 2nd Ave SW Unit A Largo, FL	2.0	1.0	678	$1,600	$2.36	24d	1	0.92mi
12651 Seminole Blvd #44 Largo, FL	2.0	1.5	1000	$1,450	$1.45	24d	1	1.01mi
911 Washington Ave #212 Largo, FL	2.0	2.0	885	$1,675	$1.89	4d	1	1.06mi
11960 133rd Ave Largo, FL	3.0	1.0	936	$2,150	$2.30	7d	1	1.07mi
1825 134th Ave Largo, FL	3.0	2.0	1005	$2,200	$2.19	24d	1	1.10mi
13001 120th St Largo, FL	3.0	1.0	1044	$1,950	$1.87	7d	1	1.14mi
11666 126th Ter Largo, FL	3.0	1.0	1056	$2,183	$2.07	24d	1	1.15mi
11201 122nd Ave Largo, FL	1.0–2.0	1.0–2.0	867	$2,300	$2.65	4d	2	1.18mi
417 Woodrow Ave Largo, FL	1.0	1.0	650	$1,175	$1.81	17d	1	1.26mi
264 Ridge Rd N Largo, FL	3.0	1.5	981	$2,400	$2.45	24d	1	1.30mi
12100 Seminole Blvd Largo, FL	2.0	2.0	1050	$1,750	$1.67	24d	1	1.31mi
2272 16th Ave SW Unit C Largo, FL	2.0	1.0	1031	$2,600	$2.52	24d	1	1.32mi
605 4th Ave NW Largo, FL	1.0–2.0	1.0–2.0	1032	$2,350	$2.28	3d	6	1.36mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	3d	1	1.36mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	3d	1	1.36mi
1741 Trotter Rd Unit A Largo, FL	2.0	1.0	800	$1,350	$1.69	24d	1	1.38mi
428 4th St NW Largo, FL	2.0	1.0	850	$1,900	$2.24	24d	1	1.40mi
1320 1st Ave NW Largo, FL	2.0	1.0	1100	$2,100	$1.91	24d	1	1.41mi
423 4th St NW Largo, FL	3.0	1.0	960	$1,500	$1.56	4d	1	1.41mi
1500 West Bay Dr Largo, FL	2.0	1.0	740	$1,595	$2.16	14d	1	1.44mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	23d	1	1.47mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	14d	1	1.47mi
556 Clearwater Largo Rd Unit 1 Largo, FL	2.0	1.0	750	$1,600	$2.13	1d	1	1.49mi
558 Clearwater Largo Rd Unit 1 Largo, FL	1.0	1.0	620	$1,400	$2.26	1d	1	1.49mi
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	10d	1	1.50mi

HOA detail

• Monthly dues: $554 · $6,648/yr
• Likely covers: watersewertrashinternetcablepool

Listing history 19 events

1. 2026-06-18
   days on market $58,200 Active 113 DOM
2. 2026-06-17
   days on market $58,200 Active 112 DOM
3. 2026-06-16
   days on market $58,200 Active 111 DOM
4. 2026-06-15
   days on market $58,200 Active 110 DOM
5. 2026-06-13
   days on market $58,200 Active 108 DOM
6. 2026-06-09
   days on market $58,200 Active 104 DOM
7. 2026-06-08
   days on market $58,200 Active 103 DOM
8. 2026-06-07
   days on market $58,200 Active 102 DOM
9. 2026-06-04
   days on market $58,200 Active 99 DOM
10. 2026-06-03
    days on market $58,200 Active 98 DOM
11. 2026-06-01
    days on market $58,200 Active 96 DOM
12. 2026-05-31
    days on market $58,200 Active 95 DOM
13. 2026-04-11
    price $58,200
14. 2026-02-26
    listed $64,900 Active
15. 2023-01-12
    historical
16. 2022-12-14
    listed $139,500 Active
17. 2006-03-01
    soldstatus $59,000
18. 2005-10-01
    soldstatus $60,200
19. 2001-11-20
    soldstatus $45,000

ⓘ 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: $372 · $31/mo
• Projected year-2 tax: $483 · $40/mo
• Expected delta: +$111/yr (+$9/mo · 30.0%)

ⓘ 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 6 d/yr ≥108°F today · 18 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: $22,693
• − Mortgage interest: −$3,260
• − Property taxes: −$372
• − Insurance: −$291
• − Repairs & maintenance: −$1,815
• − Management: −$1,815
• − HOA: −$6,648
• − Depreciation: −$1,693
• Taxable income: $6,798
• Est. tax owed @ 24.0%: −$1,632
• After-tax cash flow: $5,323/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

+29.3% since first listed

7 events — show timeline

• 2026-04-11 Price Changed $58,200 Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Listed $64,900 Stellar MLS as Distributed by MLS Grid
• 2023-01-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-12-14 Listed $139,500 Stellar MLS as Distributed by MLS Grid
• 2006-03-01 Sold (Public Records) $59,000 Public Records
• 2005-10-01 Sold (Public Records) $60,200 Public Records
• 2001-11-20 Sold (Public Records) $45,000 Public Records

Property tax history

-3.5%/yr

Latest (2025): $372 · +6.2% YoY. Source: county tax records.