What is the rental yield in Monterey Lakes Apartments, Largo, Florida?

The gross yield in Monterey Lakes Apartments, Largo, Florida is 6.5. Prices are about 13% below Largo and 6% below Florida, but the price trend is down 2.5 over the past year. The Red Flag score of 56 indicates moderate overall risk.

How does Monterey Lakes Apartments compare with Largo and Florida on price?

Monterey Lakes Apartments in Largo, Florida is about 13% below Largo and 6% below Florida on price. It also has a 6.5 gross yield and a 2.5 decline over the past year, while the Red Flag score of 56 keeps the overall risk reading moderate.

What do walkability and education look like in Monterey Lakes Apartments?

Monterey Lakes Apartments in Largo, Florida has walkability of 51 and education in the 50th percentile. Those measures sit alongside a 6.5 gross yield and a 2.5 decline over the past year, with a Red Flag score of 56 indicating moderate overall risk.

Neighborhood

Monterey Lakes Apartments

Largo, Florida US

Monterey Lakes Apartments in Largo, Florida has an investment profile defined by a 6.5 gross yield, prices about 13% below Largo and 6% below Florida, and a 2.5 decline over the past year. Walkability is 51 and education is in the 50th percentile, while the Red Flag score of 56 points to moderate overall risk. The main strength is the lower price position paired with a higher yield; the main risk is the negative price trend and a Red Flag score above 50.

AI Summary•Updated June 2026

Area

2.27 mi²

ZIP Code

33771

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

$307,409

YoY-2.5%

Gross Rental Yield

6.8%

Listed rent · ZORI annualized

Red Flag Index

Moderate

56 / 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

Good

DistrictScore attractiveness · national model

Monterey Lakes Apartments Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Monterey Lakes Apartments, Largo.

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Market Economics Snapshot

Jun 2026

Metric	Value	YoY
Median Sale Price	$307,409	-2.5%
Price / Sq Ft (Verified)	$218/sqft	-3.4%
Asking Rent (Median)	$1,740/mo	+1.5%
Gross Rental Yield	6.8%	—
Liquidity Score	29 / 100	Low
Homes Sold (Period)	78	+32.2%

Is Monterey Lakes Apartments Safe? Natural-Hazard Risk

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

Red Flag Breakdown

56 / 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

Tornado60High

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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What Stands Out AI Insight

Above-average gross rental yield at 6.8%

Active transaction volume — 78 homes sold last period

Hurricane risk is Very High (100/100)

Flood risk is Very High (80/100)

Insights are generated from Monterey Lakes Apartments's live DistrictScore metrics.

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Monterey Lakes Apartments 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

6.6 µg/m³ Meets EPA, above WHO guideline+44.0% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Monterey Lakes Apartments centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 71% 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; Monterey Lakes Apartments inherits the Florida figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Monterey Lakes Apartments

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 odor3 nearbyVery High

Point-source screening near Monterey Lakes Apartments: 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.

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Walkability & Amenities in Monterey Lakes Apartments

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

51

Somewhat Walkable

Walkability Score

9

Grocery

13

Dining

7

Schools

1

Universities

2

Hospitals

0

Pharmacies

8

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Monterey Lakes Apartments's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Monterey Lakes Apartments vs Largo vs Florida

How Monterey Lakes Apartments benchmarks against its city and state medians.

Benchmark vs City & State

In Monterey Lakes Apartments, the median sale price sits about 13% below the median for Largo neighborhoods and about 6% below the statewide median. Gross rental yield is 6.8%, against 6.1% for Largo neighborhoods and 6.2% statewide. Over the past 12 months, prices fell 2.5%. Transaction liquidity sits below the median for Largo neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Monterey Lakes Apartments	$218/sqft	6.8%	29
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

Monterey Lakes Apartments Real Estate FAQ

Monterey Lakes Apartments in Largo, Florida has a 6.5 gross yield and prices about 13% below Largo and 6% below Florida. The price trend is down 2.5 over the past year, and the Red Flag score is 56, so the profile combines lower pricing with moderate overall risk.

Neighborhoods near Monterey Lakes Apartments

Compare Monterey Lakes Apartments with nearby neighborhoods in Largo.

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