📍 Property Details
-
Address: 10554 116th Ave, Largo, FL 33773
-
Bedrooms/Bathrooms: 4 Beds | 2 Baths
-
Living Area: 1,127 sq ft
-
Year Built: 1956
-
Construction: Concrete block, slab foundation
💰 Financial Breakdown
-
Purchase Price: $223,000
-
Estimated Rehab (rental-grade): $35,000
-
Projected Rent: $2,400–$2,600/month
-
After Repair Value (ARV): $350,000
🔑 Highlights
-
Smashes the 1% Rule
-
Three spacious bedrooms plus a smaller bonus room (office/nursery)
-
Vaulted ceilings in the rear living space
-
Efficient layout; ideal for light cosmetic upgrades
-
Block construction with strong comps nearby
-
High rental demand in this area of Largo
- Roof and A/C will need to be replaced, but we’ve already factored these costs into the $35,000–$40,000 rehab estimate, so no unexpected expenses.
Meet our Team of Experts!
Meet Cody Bergstrom, Your Expert in Finding Deals
I’ve spent 20+ years helping investors close real deals—not just listings. As a licensed MLO, I’ve funded millions and built deep connections across Florida’s investor network.Connect with Cody at https://graystoneig.com/cody
Meet Lisa Kaye Price, the LendingGig Top ML
Hi, I’m Lisa-Kaye Price, Real Estate Lending Specialist at Graystone. With 20 years as a licensed Realtor® and MLO, I help investors lock in smart financing for high-impact deals. Connect with Lisa at https://graystoneig.com/lisa-kaye-price
Jay Michalec – COO & Property Management Expert at Graystone.
With 25+ years in hospitality and a background as a U.S. Army vet, Jay brings discipline and care to every rental. He’s the guy behind smooth operations and happy landlords. Connect with Jay: https://graystoneig.com/jay
Our Top Articles
Tampa Demographics & Housing Data: 2025 Investor Snapshot
Back in the early 2000s, if you told me Tampa would become my real estate playground and a top [...]
Should I Sell My Underperforming Rental in 2025?
After breaking down where rents are heading in 2025 and 2026 in Part 1, the next logical question [...]
Predictions of Rent for 2025 and 2026: Why Landlords Should Be Paying Close Attention
After investing in rentals for over 20 years, I’ve learned one thing for sure: rent markets move like [...]
What Is Seller Financing in Real Estate?
After investing in real estate for over 20 years, I've seen it all: banks saying no, appraisals killing deals, [...]
What Is a Good Cap Rate on Rental Property?
🏠 Intro: Cap Rate Confusion? You’re Not Alone. Let’s be real—every new investor hits this question early: “What is [...]
What Happens to Jointly Owned Property When Someone Passes Away? Let’s Break It Down.
What Happens to Jointly Owned Property When Someone Passes Away? Let’s Break It Down. Let’s be honest—when it [...]
Property Profit Academy:
✔ Learn to buy properties with little to no money down.
✔ Build a $10M portfolio step by step.
✔ Master strategies like BRRRR and house hacking.