2005 Lake Linda Cir · Land O' Lakes, FL 33558

$210,000

4 bd · 3.0 ba · 2,342 sqft · Land · 178 Days on market

Built 1998 7,998 sqft lot $520/mo HOA · 17% of rent ↓ 9% since listing

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Why this score? — see what drove the C+ 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 +25.9/30.0
• 1% rule +10.0/10.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Welcome to this exceptionally large spacious, 4 bedroom 3 bathroom, manufactured home, situated on a double lot in the gated Lake Linda Nudist Community Co-Op and conveyed with two shares. This residence features a desirable split floor plan with four bedrooms and three bathrooms, offering abundant space for comfortable everyday living. The expansive living room flows into the dining area, creating an open-concept layout ideal for gatherings. The well-appointed kitchen includes a commercial hood with a red-light warming station, a double wall oven, a standard range, and generous counter space—perfect for those who enjoy cooking. A cozy breakfast

Key facts

• Gated community
• Double wall oven
• Plenty of parking

Tags

• DOUBLE LOT
• GATED COMMUNITY
• OPEN-CONCEPT LAYOUT
• DOUBLE WALL OVEN
• SCREENED IN LANAI
• PLENTY OF PARKING

Property features AI

Finance

• Other: Total acreage approximately 0.09 acres; Lot described as 0 to less than 1/4 acre
• Financial info: Lease restrictions apply
• HOA & community: Has HOA with monthly fee of $520; Association requires approval; Association amenities include clubhouse, pool, tennis courts, gated access, guard (24-hour), private road, and recreational facilities; Association fee covers pool and maintenance of structure and grounds

Exterior

• Parking: Carport with 2 spaces
• Security: Gated community (association amenity)
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable connected; No listed water source
• Home design: Manufactured double-wide home; Single-story; Home faces east; Homesteaded
• Construction: Metal siding; Shingle roof; Slab foundation; Built as a double-wide manufactured home
• Exterior features: Paved road access; Sliding doors

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Laminate
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Solid surface and stone counters; Walk-in closet(s); Sliding doors
• Laundry & utility: Inside laundry; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath land listed at $210k.

Deal economics

• At list price, monthly cash flow is $513 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $210k).
• Recommended offer: $185k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 3.7% in Land O' Lakes — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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 falling (-3.1%/yr); 267 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 33% of the median local income ($116k/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 $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 178 days — a 12% lower offer ($185k) is reasonable based on typical stale-listing flexibility.

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 $184,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 178 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.50% ✓
• Cap rate: 9.23%
• Cash-on-cash: 10.48%
• DSCR: 1.47
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.83×
• Total profit: $-10,186
• Equity at exit: $31,312

10-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-902
• Equity at exit: $18,157

Cash invested: $58,800 (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 33558

• Home prices YoY: -14.2%
• Rents YoY: -3.1%
• Active inventory: 267
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $3,145 high
• Mortgage (P&I): −$1,101
• Tax est. 1.5%: −$262 /mo · $3,150/yr
• Insurance: −$88
• HOA: −$520
• Vacancy / Maint / Mgmt: −$660
• Net cashflow: $513

Break-even live

Break-even rent $2,495

Max offer price $210,000

Occupancy floor 79%

Sensitivity live

Price	-10% $658	-5% $586	+0% $513	+5% $441	+10% $368
Rent	-10% $265	-5% $389	+0% $513	+5% $638	+10% $762
Rate	-1.0pp $619	-0.5pp $567	base $513	+0.5pp $459	+1.0pp $404

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20253 Lou Angela Ln Unit 20253 Lutz, FL	3.0	2.5	1674	$2,400	$1.43	4d	1	0.31mi
20295 Lou Angela Ln Lutz, FL	3.0	2.5	1674	$2,400	$1.43	16d	1	0.34mi
1135 Wisper Run Ct Lutz, FL	3.0	3.0	2638	$3,850	$1.46	12d	1	0.88mi
1135 Wisper Run Ct Lutz, FL	3.0	3.0	2638	$3,850	$1.46	25d	1	0.88mi
19410 Rosemoor Ave Lutz, FL	5.0	4.0	3316	$4,300	$1.30	25d	1	1.04mi
19389 Breynia Dr Lutz, FL	3.0	2.0	2115	$3,149	$1.49	25d	1	1.04mi
2395 Arbor Wind Dr Lutz, FL	3.0	3.0	2230	$2,950	$1.32	25d	1	1.11mi
19403 Blue Pond Dr Lutz, FL	4.0	3.0	2574	$2,700	$1.05	0d	1	1.13mi
19403 Blue Pond Dr Lutz, FL	4.0	3.0	2574	$2,799	$1.09	18d	1	1.13mi
2526 Arbor Wind Dr Lutz, FL	3.0	2.5	1670	$2,500	$1.50	25d	1	1.18mi
19391 Long Lake Ranch Blvd Lutz, FL	4.0	2.0	2046	$3,100	$1.52	25d	1	1.21mi
2388 Audubon Preserve Ln Lutz, FL	3.0	2.5	2243	$2,650	$1.18	25d	1	1.26mi
19186 Blue Pond Dr Lutz, FL	5.0	3.5	2983	$4,500	$1.51	3d	1	1.28mi
19186 Blue Pond Dr Lutz, FL	5.0	3.5	2983	$4,500	$1.51	25d	1	1.28mi
3132 Winglewood Cir Lutz, FL	4.0	3.5	3002	$3,500	$1.17	19d	1	1.31mi
1828 Osprey Ln Lutz, FL	4.0	2.0	1763	$2,800	$1.59	25d	1	1.33mi
1704 Nature View Dr Lutz, FL	4.0	3.0	2988	$3,500	$1.17	6d	1	1.46mi

HOA detail

• Monthly dues: $520 · $6,240/yr
• Likely covers: security

Listing history 3 events

1. 2026-05-01
   status Pending
2. 2026-04-13
   price $210,000
3. 2025-11-04
   listed $230,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $37,740
• − Mortgage interest: −$11,763
• − Property taxes: −$3,150
• − Insurance: −$1,050
• − Repairs & maintenance: −$3,019
• − Management: −$3,019
• − HOA: −$6,240
• − Depreciation: −$6,109
• Taxable income: $3,389
• Est. tax owed @ 24.0%: −$813
• After-tax cash flow: $5,346/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 — Land O' Lakes

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Land O' Lakes, FL
• County: Hillsborough County · 1,540,968 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 33,165
• Household income: $116,090
• Rent vs Own: 28.1% rent · 71.9% own
• Severe rent burden: 639.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Hispanic / Latino 21% Two or more races 16% Asian 11% Black 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 5%
• Common ancestry: Romanian 4% Slovak 2% Scotch-Irish 2%
• Foreign-born: 16% · Canada, Jamaica, China
• Languages at home: 75% English-only · Spanish 13% Other Indo-European 4% Other Asian/Pacific 3%

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: ▼ -53.60%
• Current HPI: 324.0508
• Rent YoY: ▼ -3.12%
• 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

-8.7% since first listed

3 events — show timeline

• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-04 Listed $230,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.0%/yr

Latest (2025): $292 · +4.5% YoY. Source: county tax records.