38636 Remora Ave · Zephyrhills, FL 33542

$59,900

2 bd · 1.0 ba · 684 sqft · Manufactured public records · 27 Days on market

Built 1973 3,392 sqft lot Est $64k · 7% under $120/mo HOA · 10% 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
• ARV discount +10.6/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Cute, cozy, and ready for Florida living! Welcome to this quaint 2-bedroom, 1-bath singlewide home in SLEEPY HOLLOW Senior Mobile Home Park. This furnished home offers an open living room and kitchen layout, creating a comfortable space for everyday living or entertaining guests. The kitchen features stainless steel appliances, including a stove and refrigerator that are approximately two years old. The bathroom has been nicely updated with a walk-in shower, and the A/C was replaced in 2025 for added peace of mind. A bonus room provides great flexibility and houses the washer and dryer. Use it as a guest space, craft room, home office, second TV room, or extra storage area. Outside, you&rs

Key facts

• Clubhouse
• Community pool
• Covered carport

Tags

• STAINLESS STEEL APPLIANCES
• WALK-IN SHOWER
• COVERED CARPORT
• COMMUNITY POOL
• CLUBHOUSE
• SHUFFLEBOARD

Property features AI

Finance

• Other: Lease restrictions apply; Furnished; Third party listing; Homestead exemption indicated
• Financial info: Total monthly fees $120 (total annual $1,440)
• HOA & community: Monthly association fee of $120; Association fee includes pool, maintenance of grounds, and trash; Association approval required; Buyer approval required; Clubhouse; Deed restrictions; Senior community; Pets not allowed

Exterior

• Parking: Covered parking; Driveway; Carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Mobile home (single wide); Attached property; One story; Faces northwest; Completed condition; Entry level: One
• Construction: Metal frame construction; Other roof type; Crawlspace foundation; Built as a completed residence
• Exterior features: Shed(s) and storage; Storage; Street dead-end; Paved road; Located within city limits

Interior

• Kitchen: Range; Refrigerator; Eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Open floorplan; Window treatments; Bonus room
• Laundry & utility: Washer; Dryer; Inside laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $60k.

Deal economics

• At list price, monthly cash flow is $434 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $59k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 3.7% in Zephyrhills — 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 72/100 on livability (#330 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: crime 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: Woodland Elementary School (math 30% / reading 31%, grade F, #1,862 of 2,144 statewide, top 88%, 802 students, 82% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 76% FRL vs 48% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 51% district-wide (-18 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-3.6%/yr); 294 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $414 of loan paydown is wiped out by about $2k 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 $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,001 (1.5% below list)

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. 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: 1.95% ✓
• Cap rate: 14.99%
• Cash-on-cash: 31.06%
• DSCR: 2.38
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $64,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
38641 Lansing Ave	0.02mi	2/1.0	672 (-2%)	2mo	$50,000	$74	94
6343 Ohio St	0.28mi	2/1.5	672 (-2%)	2mo	$63,500	$94	80
38755 New Jersey Ave	0.29mi	2/1.5	672 (-2%)	5mo	$75,000	$112	77
39107 Hillcrest Dr	0.53mi	2/1.0	672 (-2%)	1mo	$77,000	$115	71
38533 Ethel Ave	0.42mi	2/1.0	720 (+5%)	1mo	$69,900	$97	70
6349 20th St	0.37mi	2/1.0	644 (-6%)	6mo	$37,000	$57	68
6323 Ohio St	0.30mi	2/1.0	600 (-12%)	4mo	$35,000	$58	62
39136 Flora Ave	0.51mi	2/2.0	720 (+5%)	2mo	$66,500	$92	62
38988 Stapley Cir	0.69mi	2/1.5	672 (-2%)	5mo	$50,000	$74	59
38734 Minnesota Ave	0.26mi	1/1.5 (-1)	600 (-12%)	2mo	$51,000	$85	58
39053 Flora Ave	0.44mi	2/1.0	768 (+12%)	1mo	$142,500	$186	58
39239 Longview Ave	0.63mi	2/1.0	756 (+10%)	1mo	$127,000	$168	52

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: 22.2%
• Equity multiple: 1.87×
• Total profit: $14,591
• Equity at exit: $8,931

10-year hold

• IRR: 28.0%
• Equity multiple: 3.11×
• Total profit: $35,364
• Equity at exit: $5,179

Cash invested: $16,772 (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 33542

• Home prices YoY: -20.6%
• Rents YoY: -3.6%
• Active inventory: 294
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,165 high
• Mortgage (P&I): −$314
• Tax from tax record: −$27 /mo · $329/yr
• Insurance: −$25
• HOA: −$120
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $434

Break-even live

Break-even rent $616

Max offer price $59,900

Occupancy floor 58%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	5d	1	0.24mi
39029 Kirkland Dr Zephyrhills, FL	1.0	1.0	500	$950	$1.90	24d	1	0.44mi
38706 Daughtery Rd Zephyrhills, FL	1.0	1.0	445	$974	$2.19	17d	2	0.47mi
6052 10th St Zephyrhills, FL	2.0	1.0	644	$1,200	$1.86	24d	1	0.55mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	24d	1	0.90mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	24d	1	1.06mi
5426 8th St #1 Zephyrhills, FL	1.0	1.0	432	$1,150	$2.66	24d	1	1.16mi
5611 1st St Zephyrhills, FL	1.0	1.0	600	$1,095	$1.82	17d	1	1.22mi
5600 Jennie St Zephyrhills, FL	2.0	2.0	730	$1,100	$1.51	24d	1	1.22mi
5548 Annette St Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	12d	1	1.24mi
5603 Eugene Dr Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	12d	1	1.26mi
5552 Annette St Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	24d	1	1.27mi
39041 Manor Dr Unit B Zephyrhills, FL	1.0	1.0	450	$1,000	$2.22	24d	1	1.28mi
5217 17th St Zephyrhills, FL	1.0	1.0	540	$1,050	$1.94	24d	1	1.35mi
5206 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.37mi
5208 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.37mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$1,100	$2.00	17d	1	1.37mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.37mi
6991 Fort King Rd Zephyrhills, FL	1.0	1.0	500	$899	$1.80	24d	1	1.38mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	2d	142	1.43mi
5150 6th St Zephyrhills, FL	1.0	1.0	600	$925	$1.54	24d	1	1.43mi

HOA detail

• Monthly dues: $120 · $1,440/yr

Listing history 16 events

1. 2026-06-18
   days on market $59,900 Active 27 DOM
2. 2026-06-17
   days on market $59,900 Active 26 DOM
3. 2026-06-16
   days on market $59,900 Active 25 DOM
4. 2026-06-15
   days on market $59,900 Active 24 DOM
5. 2026-06-13
   days on market $59,900 Active 22 DOM
6. 2026-06-09
   days on market $59,900 Active 18 DOM
7. 2026-06-08
   days on market $59,900 Active 17 DOM
8. 2026-06-07
   days on market $59,900 Active 16 DOM
9. 2026-06-04
   days on market $59,900 Active 13 DOM
10. 2026-06-03
    days on market $59,900 Active 12 DOM
11. 2026-06-02
    days on market $59,900 Active 11 DOM
12. 2026-06-01
    days on market $59,900 Active 10 DOM
13. 2026-05-31
    days on market $59,900 Active 9 DOM
14. 2026-05-22
    listed $59,900 Active
15. 2021-04-15
    historical
16. 2021-01-15
    listed $44,900 Active

ⓘ 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: $329 · $27/mo
• Projected year-2 tax: $497 · $41/mo
• Expected delta: +$168/yr (+$14/mo · 51.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 22 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,984
• − Mortgage interest: −$3,355
• − Property taxes: −$329
• − Insurance: −$300
• − Repairs & maintenance: −$1,119
• − Management: −$1,119
• − HOA: −$1,440
• − Depreciation: −$1,743
• Taxable income: $4,580
• Est. tax owed @ 24.0%: −$1,099
• After-tax cash flow: $4,110/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

• Score: 72/100
• State rank: #330
• US rank: #5760

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zephyrhills, FL
• County: Pasco County · 524,098 people
• City population: 48,266
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 23,612
• Household income: $49,316
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 831.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 17% Two or more races 8% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 10%
• Common ancestry: Lithuanian 3% Romanian 2% Iranian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 12% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -81.25%
• Current HPI: 313.3993
• Rent YoY: ▼ -3.56%
• 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

+33.4% since first listed

3 events — show timeline

• 2026-05-22 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2021-04-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-01-15 Listed $44,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.7%/yr

Latest (2025): $329 · +9.3% YoY. Source: county tax records.