36920 Missouri Ave · Dade City, FL 33523

$199,000

2 bd · 1.0 ba · 1,164 sqft · SingleFamily public records · 10 Days on market

Built 1950 6,600 sqft lot Est $227k · 12% under

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Why this score? — see what drove the A- 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 +27.7/30.0
• ARV discount +13.0/15.0
• Appreciation +10.0/10.0
• DSCR +9.8/10.0
• 1% rule +6.8/10.0
• Schools +4.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Adorable home with newer windows, remodeled kitchen, wood floors, and large screened o porch on the brick street section of Dade City. In addition to the move in ready home is a large storage shed with full power. Located in great area with quick access to interstate, Historic downtown Dade City and shopping. * * * PROPERTY IS BEING SOLD AS-IS AND SELLER HAS NEVER LIVED IN PROPERTY SO THERE IS NO SELLER DISCLOSURE. CONDITION OF ANY AND ALL APPLIANCES IS UNKNOWN AND UNWARRANTED. MEASUREMENTS ARE APPROXIMATE AND NOT TO BE RELIED UPON. NO OFFERS WILL BE SUBMITTED TO SELLER BEFORE 03/07/2016. * * *

Key facts

• Open floor plan
• Og hardwood flooring
• Generous yard

Tags

• OPEN FLOOR PLAN
• OG HARDWOOD FLOORING
• SPACIOUS KITCHEN LAYOUT
• SPLIT LIVING AREAS
• GENEROUS YARD
• MATURE TREES

Property features AI

Finance

• Other: Homestead exempt; No lease restrictions; Property type: Residential — Single family residence; Zoning: ORS2
• HOA & community: No HOA association indicated

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water connected
• Home design: Single family residence; One story; North-facing entry
• Construction: Stucco and frame construction; Shingle roof; Slab foundation; Built on a 0.15-acre lot
• Exterior features: Covered rear porch; Shed(s)

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Wood flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Open floorplan
• Laundry & utility: Laundry in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $602 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Cap rate 9.9% vs local median 4.6% in Dade City — 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 73/100 on livability (#307 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, amenities F, 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: Pasco High School (math 40% / reading 40%, grade F, #296 of 667 statewide, top 45%, 1,639 students, 66% FRL) — zoned schools average 66% FRL vs 48% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 295 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Pasco County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y 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 $76k; list at $199k implies a 160% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,000

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.18% ✓
• Cap rate: 9.93%
• Cash-on-cash: 12.97%
• DSCR: 1.58
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $226,980
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14307 21st St	0.04mi	3/2.0 (+1)	1,226 (+5%)	18mo	$259,900	$212	65
37153 Mcminn Ave	0.36mi	3/2.0 (+1)	1,144 (-2%)	11mo	$325,000	$284	62
14431 Lawrence St	0.51mi	2/1.5	1,090 (-6%)	9mo	$208,500	$191	56
37045 North Ave	0.33mi	3/1.5 (+1)	1,020 (-12%)	2mo	$230,000	$225	55
36826 Howard Ave	0.36mi	3/2.0 (+1)	1,200 (+3%)	18mo	$80,000	$67	54
14348 Graham St	0.47mi	3/2.0 (+1)	1,246 (+7%)	4mo	$295,000	$237	54
36850 Blanton Rd	0.72mi	3/2.0 (+1)	1,152 (-1%)	8mo	$225,000	$195	49
37515 Beauchamp Ave	0.61mi	3/2.0 (+1)	1,288 (+11%)	2mo	$233,000	$181	43
14700 State St	0.56mi	3/1.5 (+1)	1,328 (+14%)	4mo	$249,000	$188	40
14806 Dade	0.55mi	3/1.0 (+1)	1,252 (+8%)	21mo	$80,000	$64	40
14236 14th St	0.58mi	2/2.0	1,292 (+11%)	18mo	$261,000	$202	36
37302 Marshall Dr	0.57mi	3/1.5 (+1)	1,256 (+8%)	21mo	$235,000	$187	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.8%
• Equity multiple: 3.63×
• Total profit: $146,703
• Equity at exit: $179,275

10-year hold

• IRR: 29.1%
• Equity multiple: 8.21×
• Total profit: $401,759
• Equity at exit: $386,613

Cash invested: $55,720 (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 33523

• Home prices YoY: 3.8%
• Active inventory: 295
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,341 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$121 /mo · $1,450/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$492
• Net cashflow: $602

Break-even live

Break-even rent $1,579

Max offer price $199,000

Occupancy floor 69%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37329 Magnolia Ave Unit 1234471P Dade City, FL	3.0	2.0	1216	$3,391	$2.79	5d	1	0.41mi
13921 19th St Unit 1234474P Dade City, FL	2.0	1.0	936	$2,013	$2.15	16d	1	0.42mi
14635 State St Dade City, FL	3.0	1.5	1040	$1,761	$1.69	21d	1	0.54mi
37540 Martin Luther King Blvd Unit A Dade City, FL	2.0	1.0	784	$1,200	$1.53	24d	1	0.67mi
14907 Lucca Way Unit 1 Dade City, FL	3.0	2.5	1386	$2,100	$1.52	24d	1	0.90mi
37802 Whitehouse Ave Dade City, FL	2.0	1.0	1344	$1,150	$0.86	24d	1	0.97mi
37135 Grassy Hill Ln Unit 1234475P Dade City, FL	3.0	2.0	1205	$3,535	$2.93	2d	1	1.10mi
37135 Grassy Hill Ln Unit 1 Dade City, FL	3.0	2.0	1212	$3,500	$2.89	24d	1	1.10mi
37215 Grassy Hill Ln Dade City, FL	3.0	2.0	1212	$1,495	$1.23	24d	1	1.11mi
37132 Grassy Hill Ln Unit 1 Dade City, FL	3.0	2.0	1212	$3,500	$2.89	24d	1	1.12mi
37132 Grassy Hill Ln Unit 1234477P Dade City, FL	3.0	2.0	1205	$3,594	$2.98	2d	1	1.12mi
37228 Grassy Hill Ln Unit 1 Dade City, FL	3.0	2.0	1212	$1,750	$1.44	3d	1	1.15mi
13650 5th St Dade City, FL	2.0	1.0	900	$1,350	$1.50	12d	1	1.24mi
13917 2nd St Dade City, FL	3.0	1.0	1312	$1,950	$1.49	24d	1	1.29mi
13253 Waterford Castle Dr Dade City, FL	3.0	2.0	1189	$1,749	$1.47	2d	1	1.38mi

Listing history 14 events

1. 2026-05-11
   status Pending
2. 2026-05-01
   listed $199,000 Active
3. 2016-05-21
   status Pending 605-char remark

   Show marketing remark (605 chars)

   Adorable home with newer windows, remodeled kitchen, wood floors, and large screened o porch on the brick street section of Dade City. In addition to the move in ready home is a large storage shed with full power. Located in great area with quick access to interstate, Historic downtown Dade City and shopping. * * * PROPERTY IS BEING SOLD AS-IS AND SELLER HAS NEVER LIVED IN PROPERTY SO THERE IS NO SELLER DISCLOSURE. CONDITION OF ANY AND ALL APPLIANCES IS UNKNOWN AND UNWARRANTED. MEASUREMENTS ARE APPROXIMATE AND NOT TO BE RELIED UPON. NO OFFERS WILL BE SUBMITTED TO SELLER BEFORE 03/07/2016. * * *

4. 2016-05-19
   historical 605-char remark

   Show marketing remark (605 chars)

   Adorable home with newer windows, remodeled kitchen, wood floors, and large screened o porch on the brick street section of Dade City. In addition to the move in ready home is a large storage shed with full power. Located in great area with quick access to interstate, Historic downtown Dade City and shopping. * * * PROPERTY IS BEING SOLD AS-IS AND SELLER HAS NEVER LIVED IN PROPERTY SO THERE IS NO SELLER DISCLOSURE. CONDITION OF ANY AND ALL APPLIANCES IS UNKNOWN AND UNWARRANTED. MEASUREMENTS ARE APPROXIMATE AND NOT TO BE RELIED UPON. NO OFFERS WILL BE SUBMITTED TO SELLER BEFORE 03/07/2016. * * *

5. 2016-05-19
   soldstatus $76,500 Sold 605-char remark

   Show marketing remark (605 chars)

   Adorable home with newer windows, remodeled kitchen, wood floors, and large screened o porch on the brick street section of Dade City. In addition to the move in ready home is a large storage shed with full power. Located in great area with quick access to interstate, Historic downtown Dade City and shopping. * * * PROPERTY IS BEING SOLD AS-IS AND SELLER HAS NEVER LIVED IN PROPERTY SO THERE IS NO SELLER DISCLOSURE. CONDITION OF ANY AND ALL APPLIANCES IS UNKNOWN AND UNWARRANTED. MEASUREMENTS ARE APPROXIMATE AND NOT TO BE RELIED UPON. NO OFFERS WILL BE SUBMITTED TO SELLER BEFORE 03/07/2016. * * *

6. 2016-03-15
   status Pending 605-char remark

   Show marketing remark (605 chars)

   Adorable home with newer windows, remodeled kitchen, wood floors, and large screened o porch on the brick street section of Dade City. In addition to the move in ready home is a large storage shed with full power. Located in great area with quick access to interstate, Historic downtown Dade City and shopping. * * * PROPERTY IS BEING SOLD AS-IS AND SELLER HAS NEVER LIVED IN PROPERTY SO THERE IS NO SELLER DISCLOSURE. CONDITION OF ANY AND ALL APPLIANCES IS UNKNOWN AND UNWARRANTED. MEASUREMENTS ARE APPROXIMATE AND NOT TO BE RELIED UPON. NO OFFERS WILL BE SUBMITTED TO SELLER BEFORE 03/07/2016. * * *

7. 2016-02-24
   listed $75,900 Active 605-char remark

   Show marketing remark (605 chars)

   Adorable home with newer windows, remodeled kitchen, wood floors, and large screened o porch on the brick street section of Dade City. In addition to the move in ready home is a large storage shed with full power. Located in great area with quick access to interstate, Historic downtown Dade City and shopping. * * * PROPERTY IS BEING SOLD AS-IS AND SELLER HAS NEVER LIVED IN PROPERTY SO THERE IS NO SELLER DISCLOSURE. CONDITION OF ANY AND ALL APPLIANCES IS UNKNOWN AND UNWARRANTED. MEASUREMENTS ARE APPROXIMATE AND NOT TO BE RELIED UPON. NO OFFERS WILL BE SUBMITTED TO SELLER BEFORE 03/07/2016. * * *

8. 2007-11-26
   soldstatus $138,000
9. 2007-11-21
   soldstatus $138,000 196-char remark

   Show marketing remark (196 chars)

   REMODELED STARTER HOME WITH UPGRADED KITCHEN, NEW ROOF. 2BR/1BA WITH DEN, NEW PAINT, BRICK STREET WITHIN WALKING DISTANCE TO DOWNTOWN DADE CITY. SCREENED BACK PORCH, DECK AND DETATCHED WORKSHOP.

10. 2007-03-05
    listed $140,000 196-char remark

    Show marketing remark (196 chars)

    REMODELED STARTER HOME WITH UPGRADED KITCHEN, NEW ROOF. 2BR/1BA WITH DEN, NEW PAINT, BRICK STREET WITHIN WALKING DISTANCE TO DOWNTOWN DADE CITY. SCREENED BACK PORCH, DECK AND DETATCHED WORKSHOP.

11. 2005-12-15
    soldstatus $118,000
12. 2005-12-14
    soldstatus $118,000
13. 2005-11-15
    listed $130,000
14. 1998-08-05
    soldstatus $58,000

ⓘ 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: $1,450 · $121/mo
• Projected year-2 tax: $1,652 · $138/mo
• Expected delta: +$201/yr (+$17/mo · 13.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,097
• − Mortgage interest: −$11,147
• − Property taxes: −$1,450
• − Insurance: −$995
• − Repairs & maintenance: −$2,248
• − Management: −$2,248
• − Depreciation: −$5,789
• Taxable income: $4,220
• Est. tax owed @ 24.0%: −$1,013
• After-tax cash flow: $6,216/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 — Dade City

• Score: 73/100
• State rank: #307
• US rank: #5215

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dade City, FL
• City population: 21,077
• Population (ZIP): 19,296

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 57% Hispanic / Latino 28% Black 10% Two or more races 10% Native American 3% Asian 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 5% Slovak 1% Romanian 1%
• Foreign-born: 13% · Canada, China, Jamaica
• Languages at home: 75% English-only · Spanish 21% Other Indo-European 2% Chinese 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: ▲ 16.36%
• Current HPI: 448.7
• Rent YoY: —
• Metro: —
• 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

+243.1% since first listed

14 events — show timeline

• 2026-05-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2016-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-05-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-05-19 Sold (MLS) $76,500 Stellar MLS as Distributed by MLS Grid
• 2016-03-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-02-24 Listed $75,900 Stellar MLS as Distributed by MLS Grid
• 2007-11-26 Sold (Public Records) $138,000 Public Records
• 2007-11-21 Sold (MLS) $138,000 Stellar MLS as Distributed by MLS Grid
• 2007-03-05 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2005-12-15 Sold (Public Records) $118,000 Public Records
• 2005-12-14 Sold (MLS) $118,000 Stellar MLS as Distributed by MLS Grid
• 2005-11-15 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 1998-08-05 Sold (Public Records) $58,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,450 · +2.7% YoY. Source: county tax records.