What is the rental yield in Forest Lake Condos, Largo, Florida?

The gross yield in Forest Lake Condos, Largo, Florida is 7.0. Prices are about 23% below Largo and 16% below Florida, but the price trend is down 15.9 over the past year. The Red Flag score of 58 indicates moderate overall risk.

How does Forest Lake Condos compare with Largo and Florida on price?

Forest Lake Condos in Largo, Florida is about 23% below Largo and 16% below Florida on price. It also has a 7.0 gross yield and a 15.9 decline over the past year, while the Red Flag score of 58 points to moderate overall risk.

What do walkability and education look like in Forest Lake Condos?

Forest Lake Condos in Largo, Florida has walkability of 52 and education in the 50th percentile. Those scores sit alongside a 7.0 gross yield and a 15.9 decline over the past year, with a Red Flag score of 58 indicating moderate overall risk.

Neighborhood

Forest Lake Condos

Largo, Florida US

Forest Lake Condos in Largo, Florida has an investment profile marked by a 7.0 gross yield, prices about 23% below Largo and 16% below Florida, and a 15.9 decline over the past year. Walkability is 52 and education is in the 50th percentile, while the Red Flag score of 58 indicates moderate overall risk. The main strength is the highest yield in the set and a lower price position; the main risk is the sharp annual decline and a Red Flag score above 50.

AI Summary•Updated May 2026

Area

3.61 mi²

ZIP Code

33760

County

Pinellas County

State

Florida

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$259,823

YoY-15.9%

Gross Rental Yield

7.0%

Listed rent · ZORI annualized

Red Flag Index

Moderate

58 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

50 / 100

Fair · better than 50% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Forest Lake Condos Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Forest Lake Condos, Largo.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$259,823	-15.9%
Price / Sq Ft (Verified)	$194/sqft	-7.0%
Asking Rent (Median)	$1,509/mo	-3.7%
Gross Rental Yield	7.0%	—
Liquidity Score	22 / 100	Low
Homes Sold (Period)	48	-7.7%

Is Forest Lake Condos Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Florida crime context.

Red Flag Breakdown

58 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Hurricane100Very High

Flood80Very High

Tornado80Very High

Hail60High

Wildfire40Moderate

Heat40Moderate

Earthquake20Low

Strong Wind20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Florida averaged 16.9 crimes and 2.7 violent per 1,000 residents (-4.5% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 7.0%

Active transaction volume — 48 homes sold last period

Hurricane risk is Very High (100/100)

Flood risk is Very High (80/100)

Insights are generated from Forest Lake Condos's live DistrictScore metrics.

Forest Lake Condos Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Florida-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.4 µg/m³ Meets EPA, above WHO guideline+39.0% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Forest Lake Condos centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 64% of U.S. neighborhoods.

Florida Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	16.9	2.7	-4.5%
2023	18.0	2.9	-2.3%
2022	19.0	2.9	+4.4%
2021	18.6	3.4	-13.5%
2020	21.5	3.8	-13.7%
2019	25.2	3.8	—

Reported at the state level — the finest official US crime aggregation; Forest Lake Condos inherits the Florida figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Forest Lake Condos

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor14 nearbyVery High

Aviation noise46 dBVery Low

Point-source screening near Forest Lake Condos: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Forest Lake Condos

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

52

Somewhat Walkable

Walkability Score

10

Grocery

24

Dining

8

Schools

2

Universities

3

Hospitals

1

Pharmacies

6

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Forest Lake Condos's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Forest Lake Condos vs Largo vs Florida

How Forest Lake Condos benchmarks against its city and state medians.

Benchmark vs City & State

Across Forest Lake Condos, the median sale price sits about 23% below the median for Largo neighborhoods and about 16% below the statewide median. Gross rental yield is 7.0%, against 6.1% for Largo neighborhoods and 6.2% statewide. Over the past 12 months, prices fell 15.9%. Transaction liquidity sits below the median for Largo neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Forest Lake Condos	$194/sqft	7.0%	22
Largo	$251/sqft	6.1%	32
Florida	$232/sqft	6.2%	36

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Buying Property in the US as a Foreigner

Federal & Florida tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~0.76% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No state capital gains tax.

Transfer Tax

Real estate transfer tax: documentary stamp $0.70 per $100 ($0.60 in Miami-Dade).

Assessment Cap

Save Our Homes caps homestead assessment growth at 3%/CPI; reassessed to market value on sale.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents8

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Homestead Exemption

Homestead: up to $50,000 off taxable value, plus unlimited protection from most creditors.

Senior & Veteran Exemptions

Extra $50,000 senior exemption plus property-tax discounts for veterans.

Foreign buyers (non-residents)6

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Foreign Ownership Restrictions

SB 264 restricts buyers from 7 countries of concern (incl. China) from residential property near sensitive sites. Verify first.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Florida property-tax guidance for foreign buyers

Latest Largo Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Forest Lake Condos Real Estate FAQ

Forest Lake Condos in Largo, Florida has a 7.0 gross yield and prices about 23% below Largo and 16% below Florida. The price trend is down 15.9 over the past year, and the Red Flag score is 58, so the profile pairs high yield with moderate overall risk.

Neighborhoods near Forest Lake Condos

Compare Forest Lake Condos with nearby neighborhoods in Largo.

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