411 7th Ave NE · Largo, FL 33770

$215,000

2 bd · 1.0 ba · 806 sqft · SingleFamily public records · 20 Days on market

Built 1953 6,190 sqft lot Est $271k · 21% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +12.3/30.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• DSCR +3.7/10.0
• 1% rule +3.5/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Largo bungalow! Charming fixer-upper with tons of potential. Cozy family room featuring a brick wood-burning fireplace in the corner. Kitchen includes a laundry closet for a stackable washer and dryer. Two bedrooms with lighted ceiling fans, plus crown molding and knockdown texture throughout. Spacious backyard with multiple sheds and a tankless hot water heater. Dimensional shingle roof put on in 2016. Convenient location near shopping and restaurants with Largo Central Park just a short stroll away. Right next to Ponce de Leon Elementary school! Sold strictly “as is” with the right to inspect (no repairs). Currently leased at $1500/month

Key facts

• Multiple sheds
• Short stroll to park
• Laundry closet

Tags

• BRICK WOOD-BURNING FIREPLACE
• LAUNDRY CLOSET
• MULTIPLE SHEDS
• TANKLESS HOT WATER HEATER
• DIMENSIONAL SHINGLE ROOF
• SHORT STROLL TO PARK

Property features AI

Finance

• Other: Property classified as residential, single-family; Unfurnished; Living area reported as 806 square feet
• Financial info: No lease restrictions reported
• HOA & community: No HOA; Pets allowed

Exterior

• Parking: No specific parking details provided
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; North-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation
• Exterior features: Shed(s); Paved road access; Lot dimensions approximately 48 x 129; Lot size about 0.14 acres

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Family room with a wood-burning fireplace; No additional interior features listed
• Laundry & utility: Laundry closet

🏷️ Possibly a rental listed for sale. The $215,000 price doesn't fit this home's estimated sale value (~$270,816) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $-38 ($-459/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (3.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (15.4% below list).
• Recommended offer: $182k (15.4% below list) — sets the bar for 1% rule.
• Cap rate 6.1% 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 falling (-3.5%/yr); 217 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 37% of the median local income ($60k/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 $6k 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 20 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $84k; list at $215k implies a 156% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 4→13/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,996 (15.4% 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. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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 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: 0.85% ✗
• Cap rate: 6.08%
• Cash-on-cash: -0.76%
• DSCR: 0.97
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $270,816
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
211 Tralee St	0.42mi	1/1.0 (-1)	770 (-4%)	4mo	$167,500	$218	65
268 4th St NW	0.61mi	2/1.0	819 (+2%)	5mo	$50,000	$61	65
422 7th Ave NE	0.04mi	2/1.0	720 (-11%)	22mo	$307,000	$426	62
311 Cork St	0.34mi	2/1.0	879 (+9%)	17mo	$295,000	$336	55
715 1st Ave NE	0.43mi	2/2.0	917 (+14%)	2mo	$308,350	$336	51
907 Cara Dr	0.65mi	1/1.5 (-1)	848 (+5%)	16mo	$160,000	$189	40
272 Wertz Dr	0.69mi	2/1.5	926 (+15%)	7mo	$357,500	$386	35

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: -20.9%
• Equity multiple: 0.29×
• Total profit: $-42,587
• Equity at exit: $32,057

10-year hold

• IRR: -23.2%
• Equity multiple: -0.01×
• Total profit: $-60,746
• Equity at exit: $18,589

Cash invested: $60,200 (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 33770

• Rents YoY: -3.5%
• Active inventory: 217
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,820 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$259 /mo · $3,107/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-38

Break-even live

Break-even rent $1,868

Max offer price $208,244

Occupancy floor 97%

Sensitivity live

Price	-10% $83	-5% $23	+0% $-38	+5% $-99	+10% $-160
Rent	-10% $-182	-5% $-110	+0% $-38	+5% $34	+10% $106
Rate	-1.0pp $70	-0.5pp $16	base $-38	+0.5pp $-94	+1.0pp $-151

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
447 6th Ave NE Unit B Largo, FL	2.0	1.0	840	$1,650	$1.96	11d	1	0.09mi
516 5th Ave NE Largo, FL	3.0	2.0	1057	$2,250	$2.13	24d	1	0.13mi
516 5th Ave NE Largo, FL	3.0	2.0	1073	$2,250	$2.10	15d	1	0.13mi
401 Rosery Rd NE Largo, FL	2.0	1.0–2.0	850	$1,879	$2.21	2d	31	0.16mi
601 Rosery Rd NE Largo, FL	1.0–3.0	1.0–2.5	1192	$1,830	$1.54	2d	38	0.24mi
705 3rd Ave NE Unit C Largo, FL	3.0	2.0	1113	$2,195	$1.97	4d	1	0.32mi
1100 East Bay Dr #104 Largo, FL	2.0	2.0	840	$1,950	$2.32	4d	1	0.52mi
428 4th St NW Largo, FL	2.0	1.0	850	$1,900	$2.24	25d	1	0.56mi
423 4th St NW Largo, FL	3.0	1.0	960	$1,500	$1.56	5d	1	0.59mi
250 Rosery Rd NW Largo, FL	1.0	1.0	672	$1,295	$1.93	3d	1	0.64mi
417 Woodrow Ave Largo, FL	1.0	1.0	650	$1,175	$1.81	18d	1	0.66mi
250 Rosery Rd NW #283 Largo, FL	2.0	1.0	764	$1,395	$1.83	21d	1	0.67mi
1845 S Highland Ave Clearwater, FL	2.0	2.0	904	$1,525	$1.69	3d	2	0.69mi
605 4th Ave NW Largo, FL	1.0–2.0	1.0–2.0	1032	$2,350	$2.28	4d	6	0.72mi
157 2nd Ave SW Unit A Largo, FL	2.0	1.0	678	$1,600	$2.36	25d	1	0.72mi
221 Lake Ave NE Largo, FL	1.0–2.0	1.0–2.0	1095	$2,160	$1.97	3d	11	0.76mi
556 Clearwater Largo Rd Unit 1 Largo, FL	2.0	1.0	750	$1,600	$2.13	2d	1	0.78mi
264 Ridge Rd N Largo, FL	3.0	1.5	981	$2,400	$2.45	25d	1	0.79mi
1040 Clearwater Largo Rd Apt 411 Largo, FL	1.0	1.0	696	$1,650	$2.37	5d	1	0.81mi
1030 Clearwater Largo Rd N Largo, FL	2.0	1.0	849	$1,875	$2.21	24d	1	0.81mi
558 Clearwater Largo Rd Unit 1 Largo, FL	1.0	1.0	620	$1,400	$2.26	2d	1	0.82mi
811 Rosery Rd NW Largo, FL	1.0–3.0	1.0–3.0	1050	$2,538	$2.42	4d	20	0.88mi
821 14th Ave NW Largo, FL	3.0	1.0	900	$1,795	$1.99	25d	1	0.95mi
1120 Wyatt St Clearwater, FL	1.0	1.0	600	$1,150	$1.92	18d	1	0.95mi
705 Redbud LN Largo, FL	1.0–2.0	1.0–2.0	986	$2,615	$2.65	2d	189	0.97mi
101 Imperial Palm Dr Largo, FL	1.0–2.0	1.0–2.0	907	$1,810	$1.99	2d	35	1.05mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	17d	1	1.06mi
833 Hall St Clearwater, FL	1.0	1.0	700	$1,350	$1.93	25d	1	1.06mi
1007 Hawkins St Unit A Clearwater, FL	2.0	1.0	784	$1,845	$2.35	25d	1	1.08mi
911 Washington Ave #212 Largo, FL	2.0	2.0	885	$1,675	$1.89	5d	1	1.09mi
1753 Belleair Forest Dr Unit D7 Belleair, FL	2.0	2.0	1068	$1,800	$1.69	25d	1	1.10mi
1712 Belleair Forest Dr Unit D Belleair, FL	2.0	1.0	931	$1,495	$1.61	25d	1	1.15mi
2045 E Bay Dr Largo, FL	1.0–2.0	1.0–2.0	1114	$1,830	$1.64	2d	15	1.19mi
713 Smith St Clearwater, FL	1.0	1.0	814	$1,595	$1.96	3d	1	1.19mi
1562 S Jefferson Ave Clearwater, FL	1.0	1.0	870	$1,250	$1.44	17d	1	1.19mi
1320 1st Ave NW Largo, FL	2.0	1.0	1100	$2,100	$1.91	25d	1	1.21mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	21d	1	1.28mi
2291 E Bay Dr Largo, FL	2.0	2.0	708	$1,600	$2.26	22d	1	1.28mi
1587 Scranton Ave Unit B Clearwater, FL	2.0	1.0	665	$1,450	$2.18	25d	1	1.32mi
1532 S Washington Ave Clearwater, FL	3.0	2.0	954	$1,500	$1.57	5d	1	1.32mi

Listing history 15 events

1. 2026-06-07
   status $215,000 Pending 20 DOM
2. 2026-06-04
   days on market $215,000 Active 20 DOM
3. 2026-06-03
   days on market $215,000 Active 19 DOM
4. 2026-06-01
   days on market $215,000 Active 17 DOM
5. 2026-05-31
   days on market $215,000 Active 16 DOM
6. 2026-05-16
   status Active
7. 2026-05-08
   status Pending
8. 2026-05-07
   listed $215,000 Active
9. 2016-03-28
   soldstatus $84,000
10. 2005-07-28
    soldstatus $135,000
11. 2005-02-15
    soldstatus $72,500
12. 2001-08-28
    soldstatus $43,000
13. 2001-08-28
    soldstatus $52,100
14. 1998-07-28
    soldstatus $44,500
15. 1989-11-21
    soldstatus $45,900

ⓘ 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: $3,107 · $259/mo
• Projected year-2 tax: $3,107 · $259/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 4 d/yr ≥108°F today · 13 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: $21,840
• − Mortgage interest: −$12,043
• − Property taxes: −$3,107
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,747
• − Management: −$1,747
• − Depreciation: −$6,255
• Taxable loss: −$4,135
• Est. tax savings @ 24.0%: +$992
• After-tax cash flow: $533/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): 25,368
• Household income: $59,815
• Rent vs Own: 38.3% rent · 61.7% own
• Severe rent burden: 1404.0

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 (75%)
• Race & ethnicity: White 75% Hispanic / Latino 11% Two or more races 9% Black 8% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 3% Cuban 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 2%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 2% German/W. Germanic 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: ▼ -317.05%
• Current HPI: 353.8484
• Rent YoY: ▼ -3.47%
• 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

+368.4% since first listed

10 events — show timeline

• 2026-05-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2016-03-28 Sold (Public Records) $84,000 Public Records
• 2005-07-28 Sold (Public Records) $135,000 Public Records
• 2005-02-15 Sold (Public Records) $72,500 Public Records
• 2001-08-28 Sold (Public Records) $52,100 Public Records
• 2001-08-28 Sold (Public Records) $43,000 Public Records
• 1998-07-28 Sold (Public Records) $44,500 Public Records
• 1989-11-21 Sold (Public Records) $45,900 Public Records

Property tax history

+11.3%/yr

Latest (2025): $3,107 · +10.5% YoY. Source: county tax records.