5315 Antigua Dr · Zephyrhills West, FL 33541

$108,000

2 bd · 2.0 ba · 648 sqft · Manufactured public records · 11 Days on market

Built 1973 4,000 sqft lot $37/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 +7.5/15.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to your Florida retreat in the desirable, pet-friendly 55+ community of Oaks Royal I & II! This fully furnished 2-bedroom, 1-bath home has been lovingly maintained and is move-in ready. Inside, you'll find an inviting open-concept layout that seamlessly connects the living room and eat-in kitchen, creating a comfortable space for everyday living and entertaining. Laminate flooring flows throughout the home, complemented by ceiling fans and newly installed double-pane windows that enhance comfort and energy efficiency. The spacious primary bedroom features a built-in closet and is conveniently located near the updated bathroom, complete with a step-in shower, newer vanity, and

Key facts

• Laminate flooring
• Wood deck
• Double pane windows

Tags

• OPEN CONCEPT LAYOUT
• LAMINATE FLOORING
• DOUBLE PANE WINDOWS
• BUILT IN CLOSET
• STEP IN SHOWER
• WOOD DECK

Property features AI

Finance

• Other: Property is homesteaded; Lease restrictions apply
• HOA & community: Homeowners association with required approval; Monthly HOA approximately $37.92; annual fee $455; Association amenities include clubhouse, pool, recreation facilities and shuffleboard court; Association recreation owned, deed restrictions, street lights, golf carts allowed; Pets allowed (max ~40 lbs)

Exterior

• Parking: Covered driveway; 1-car carport
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available; Broadband/high-speed internet available
• Home design: Residential mobile home (single wide); One story; Faces east; Crawlspace foundation
• Construction: Vinyl siding; Metal roof; Built as single wide mobile home
• Exterior features: Covered, enclosed and screened side porch; Covered patio/porch; Rain gutters; Level lot; Asphalt/paved public road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator; Eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Thermostat; Double-pane windows; Decorative electric fireplace
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $108k.

Deal economics

• At list price, monthly cash flow is $796 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $108k).
• Cap rate 15.1% vs local median 7.8% in Zephyrhills West — 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 61/100 on livability (#772 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, 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.
• Market conditions: Rents soft (-2.5%/yr); 856 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 40% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $747 of loan paydown is wiped out by about $3k 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 $30k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 22y 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 $25k; list at $108k implies a 332% 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.73% ✓
• Cap rate: 15.14%
• Cash-on-cash: 31.61%
• DSCR: 2.41
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $63,504
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
36416 Cordova Cir	0.16mi	2/1.0	672 (+4%)	1mo	$60,000	$89	81
5313 Aurora Dr	0.18mi	2/1.5	672 (+4%)	4mo	$66,000	$98	80

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: 23.2%
• Equity multiple: 1.92×
• Total profit: $27,748
• Equity at exit: $16,103

10-year hold

• IRR: 29.2%
• Equity multiple: 3.26×
• Total profit: $68,299
• Equity at exit: $9,338

Cash invested: $30,240 (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: 856
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,865 medium
• Mortgage (P&I): −$566
• Tax from tax record: −$29 /mo · $345/yr
• Insurance: −$45
• HOA: −$37
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $796

Break-even live

Break-even rent $857

Max offer price $108,000

Occupancy floor 52%

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: $27,000
• Closing costs: $3,240
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5168 Crooked Ln Zephyrhills, FL	2.0	1.0	600	$1,645	$2.74	22d	1	0.72mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	2d	142	1.42mi

HOA detail

• Monthly dues: $37 · $444/yr

Listing history 8 events

1. 2026-06-18
   days on market $108,000 Active 11 DOM
2. 2026-06-17
   days on market $108,000 Active 10 DOM
3. 2026-06-16
   days on market $108,000 Active 9 DOM
4. 2026-06-15
   days on market $108,000 Active 8 DOM
5. 2026-06-13
   days on market $108,000 Active 6 DOM
6. 2026-06-09
   days on market $108,000 Active 2 DOM
7. 2026-06-08
   remarks 695-char remark
8. 2026-06-08
   listed $108,000 Active 1 DOM

ⓘ 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: $345 · $29/mo
• Projected year-2 tax: $896 · $75/mo
• Expected delta: +$551/yr (+$46/mo · 159.7%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,384
• − Mortgage interest: −$6,050
• − Property taxes: −$345
• − Insurance: −$540
• − Repairs & maintenance: −$1,791
• − Management: −$1,791
• − HOA: −$444
• − Depreciation: −$3,142
• Taxable income: $8,282
• Est. tax owed @ 24.0%: −$1,988
• After-tax cash flow: $7,570/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 — Zephyrhills West

• Score: 61/100
• State rank: #772
• US rank: #17403

Category grades

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

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

+237.5% since first listed

11 events — show timeline

• 2026-06-07 Listed $108,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-29 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2013-07-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-02-01 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 2007-09-28 Listed $43,000 Stellar MLS as Distributed by MLS Grid
• 2007-03-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-08-18 Listed $43,900 Stellar MLS as Distributed by MLS Grid
• 2006-03-03 Listed $58,000 Stellar MLS as Distributed by MLS Grid
• 2004-12-27 Sold (MLS) $25,000 Stellar MLS as Distributed by MLS Grid
• 2004-07-20 Listed $32,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.0%/yr

Latest (2025): $345 · +7.5% YoY. Source: county tax records.