34915 Adam Ave · Wesley Chapel, FL 33541

$133,900

3 bd · 2.0 ba · 1,008 sqft · Manufactured public records · 106 Days on market

Built 1978 6,110 sqft lot Est $126k · 6% over $50/mo HOA · 2% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +4.7/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious doublewide in Zephyr Shores close to Six Mile Pond. Home features dining area with built-in hutch, walk-in closets in bedrooms, Florida room, Screened lanai, utility shed and detached 9x12 storage building. Park amenities include clubhouse, commu nity pool, shuffleboard. Low Homeowners association fees currently $275.00/year and include trash pick up. Call for your showing today!

Key facts

• Screened room
• Community pool
• Florida room

Tags

• FLORIDA ROOM
• SCREENED ROOM
• COVERED ONE CAR CARPORT
• STORAGE SHED
• FRONT PATIO SITTING AREA
• COMMUNITY POOL

Property features AI

Finance

• Other: Furnished; Total acreage: less than 1/4 acre (approx. 0.14 acres, 52x100 lot); Living area about 1008 sq ft (building area total 1168 sq ft)
• Financial info: Lease restrictions apply
• HOA & community: Has HOA (Zephyr Shores Office); Monthly HOA fee $50 (annual $600); Association approval required; Association amenities include clubhouse; trash included; Community features: Clubhouse, Pool, Deed restrictions, Golf carts allowed, Buyer approval required; Senior community; No pets allowed

Exterior

• Parking: Carport (1 space)
• Security: Hurricane shutters
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Manufactured home (double wide); Residential property; One story; South-facing
• Construction: Metal frame construction; Other roof type; Crawlspace foundation; Built as a SKYL make double wide
• Exterior features: Covered screened porch; Porch; Screened enclosure; Hurricane shutters; Private mailbox; Sliding doors; Paved road access; In-county lot

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Eat-in kitchen; Window treatments; Florida room
• Laundry & utility: Laundry room; Outside laundry access

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $134k.

Deal economics

• At list price, monthly cash flow is $696 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $134k).
• Recommended offer: $122k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 3.7% in Wesley Chapel — 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 79/100 on livability (#143 in FL, #2,137 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: commute F.
• Pasco (suburban): math 50% / reading 52% proficiency, ranked #32 of 73 in FL (top 44%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: New River Elementary School (math 36% / reading 42%, grade F, #1,560 of 2,144 statewide, top 73%, 721 students, 57% FRL); Raymond B. Stewart Middle School (math 33% / reading 30%, grade F, #453 of 571 statewide, top 81%, 988 students, 77% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 68% FRL vs 48% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-16 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.5%/yr); 862 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $926 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Pasco County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $37k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago 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 $56k; list at $134k implies a 137% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,849 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 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 1978 — 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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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.
8. 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.
9. 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: 1.54% ✓
• Cap rate: 12.53%
• Cash-on-cash: 22.29%
• DSCR: 1.99
• GRM: 5.4

CMA / ARV

• ARV (on-the-fly): $126,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34915 Adam Ave	0.00mi	2/2.0 (-1)	1,008 (0%)	1mo	$123,000	$122	94
4655 Madison Ave	0.18mi	3/2.0	984 (-2%)	4mo	$135,000	$137	85
34925 Carl Ave	0.05mi	2/2.0 (-1)	1,056 (+5%)	13mo	$120,000	$114	74
35131 Mcculloughs Leap	0.57mi	2/2.0 (-1)	960 (-5%)	2mo	$120,000	$125	59
35148 Ada Ave	0.25mi	2/2.0 (-1)	1,152 (+14%)	2mo	$89,900	$78	58
35152 Zephyr Shores Dr	0.27mi	2/1.5 (-1)	924 (-8%)	16mo	$113,400	$123	54
35051 Colony Hills Dr	0.59mi	2/2.0 (-1)	960 (-5%)	11mo	$120,000	$125	50
4101 Joyful Ln	0.54mi	2/2.0 (-1)	924 (-8%)	8mo	$155,000	$168	49
4961 Britni Way	0.43mi	2/2.0 (-1)	874 (-13%)	6mo	$70,000	$80	48
35122 Mcculloughs Leap	0.59mi	2/2.0 (-1)	1,144 (+14%)	0mo	$161,000	$141	45
4051 Joyful Ln	0.55mi	2/2.0 (-1)	924 (-8%)	20mo	$144,900	$157	39
4006 William Hume Dr	0.70mi	2/2.0 (-1)	888 (-12%)	13mo	$140,000	$158	31

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: 11.6%
• Equity multiple: 1.44×
• Total profit: $16,636
• Equity at exit: $19,965

10-year hold

• IRR: 18.1%
• Equity multiple: 2.29×
• Total profit: $48,346
• Equity at exit: $11,577

Cash invested: $37,492 (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 33541

• Home prices YoY: -15.2%
• Rents YoY: -2.5%
• Active inventory: 862
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,067 high
• Mortgage (P&I): −$702
• Tax from tax record: −$128 /mo · $1,538/yr
• Insurance: −$56
• HOA: −$50
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $696

Break-even live

Break-even rent $1,185

Max offer price $133,900

Occupancy floor 61%

Sensitivity live

Price	-10% $772	-5% $734	+0% $696	+5% $658	+10% $621
Rent	-10% $533	-5% $615	+0% $696	+5% $778	+10% $860
Rate	-1.0pp $764	-0.5pp $730	base $696	+0.5pp $662	+1.0pp $626

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: $33,475
• Closing costs: $4,017
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34652 Blue Starling St Zephyrhills, FL	3.0	2.0	1352	$1,650	$1.22	6d	1	0.28mi
5019 Coopers Hawk Pl Zephyrhills, FL	3.0	2.0	1456	$1,699	$1.17	11d	1	0.31mi
34747 Double Eagle Ct Zephyrhills, FL	2.0	2.0	1308	$1,650	$1.26	19d	1	0.41mi
36232 Lanier Oaks Pt , FL	3.0	2.0	1325	$1,700	$1.28	26d	1	0.65mi
33976 Lusitano Dr Wesley Chapel, FL	1.0–3.0	1.0–2.5	1251	$2,895	$2.31	0d	70	1.00mi
35940 Inspiration Dr Zephyrhills, FL	1.0–3.0	1.0–2.0	1034	$2,201	$2.13	1d	22	1.15mi
34002 Painthorse Way Wesley Chapel, FL	1.0–3.0	1.0–2.0	1022	$2,945	$2.88	4d	46	1.25mi
33780 Charleston Club Cir Wesley Chapel, FL	1.0–3.0	1.0–2.0	1059	$2,360	$2.23	1d	13	1.27mi
4111 Ryals Rd Zephyrhills, FL	4.0	3.0	1216	$2,195	$1.81	5d	1	1.38mi
3829 Kim Dr Wesley Chapel, FL	2.0	1.0	832	$1,395	$1.68	26d	1	1.39mi

HOA detail

• Monthly dues: $50 · $600/yr
• Likely covers: trashpool

Listing history 9 events

1. 2026-05-04
   status Pending
2. 2026-04-22
   status Active
3. 2026-04-16
   status Pending
4. 2026-01-12
   listed $133,900 Active
5. 2015-09-16
   soldstatus $56,500
6. 2008-12-12
   soldstatus $55,000
7. 2008-12-05
   soldstatus $55,000 391-char remark

   Show marketing remark (391 chars)

   Spacious doublewide in Zephyr Shores close to Six Mile Pond. Home features dining area with built-in hutch, walk-in closets in bedrooms, Florida room, Screened lanai, utility shed and detached 9x12 storage building. Park amenities include clubhouse, commu nity pool, shuffleboard. Low Homeowners association fees currently $275.00/year and include trash pick up. Call for your showing today!

8. 2008-10-15
   listed $61,900 391-char remark

   Show marketing remark (391 chars)

   Spacious doublewide in Zephyr Shores close to Six Mile Pond. Home features dining area with built-in hutch, walk-in closets in bedrooms, Florida room, Screened lanai, utility shed and detached 9x12 storage building. Park amenities include clubhouse, commu nity pool, shuffleboard. Low Homeowners association fees currently $275.00/year and include trash pick up. Call for your showing today!

9. 2002-02-04
   soldstatus $41,000

ⓘ 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: $1,538 · $128/mo
• Projected year-2 tax: $1,538 · $128/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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,798
• − Mortgage interest: −$7,500
• − Property taxes: −$1,538
• − Insurance: −$670
• − Repairs & maintenance: −$1,984
• − Management: −$1,984
• − HOA: −$600
• − Depreciation: −$3,895
• Taxable income: $6,627
• Est. tax owed @ 24.0%: −$1,590
• After-tax cash flow: $6,766/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: Pasco
• NCES district ID: 1201530
• Math proficiency: 50% ▼ -10.00%
• Reading proficiency: 52% ▼ -5.00%
• Median HH income: $45,039
• Composite: 43.14/100
• National rank: #3074
• State rank: #32 of 73 in FL

Livability — Wesley Chapel

• Score: 79/100
• State rank: #143
• US rank: #2137

Category grades

Amenities C Commute F Cost of living B- Crime A- Employment A+ Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 24,654
• Household income: $56,579
• Rent vs Own: 14.0% rent · 86.0% own
• Severe rent burden: 393.0

Population outlook (Pasco County) Hauer SSP2

• Today (2025): 570,045 people
• By 2030: 605,844 · +6.3%
• By 2040: 674,806 · +18.4%
• By 2050: 736,022 · +29.1%
• By 2075: 862,900 · +51.4%
• By 2100: 906,364 · +59.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 8% Black 5% Asian 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 9%
• Common ancestry: Lithuanian 4% Romanian 3% Serbian 3%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 9% Tagalog/Filipino 1% Other Asian/Pacific 1%

Political lean MEDSL · Pasco

• 2024 margin: Strong R (+25.2) · D 36.9% · R 62.1% · Other 1.0%
• 2008→2024 swing: -21.6pp toward R · 2008: -3.6pp · 2024: -25.2pp
• All cycles: 2024: R+25.2 2020: R+20.1 2016: R+21.6 2012: R+6.7 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.21%
• Current HPI: 308.0619
• Rent YoY: ▼ -2.51%
• 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

+226.6% since first listed

9 events — show timeline

• 2026-05-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-12 Listed $133,900 Stellar MLS as Distributed by MLS Grid
• 2015-09-16 Sold (Public Records) $56,500 Public Records
• 2008-12-12 Sold (Public Records) $55,000 Public Records
• 2008-12-05 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2008-10-15 Listed $61,900 Stellar MLS as Distributed by MLS Grid
• 2002-02-04 Sold (Public Records) $41,000 Public Records

Property tax history

+16.1%/yr

Latest (2025): $1,538 · +5.6% YoY. Source: county tax records.