4040 Flamingo Dr · Elfers, FL 34652

$145,000

2 bd · 1.0 ba · 945 sqft · SingleFamily public records · 72 Days on market

Built 1961 6,000 sqft lot Est $213k · 32% under

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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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.0/10.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

Key facts

• 6,000 sq ft lot
• Parking
• Built 1961

Property features AI

Finance

• Other: Unfurnished; No home warranty; Zoned R4
• HOA & community: Pets allowed

Exterior

• Parking: Driveway; 1-car carport
• Utilities: Public water; Septic tank sewer; Public utilities
• Home design: Single family residence; One story; Faces west
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a lot of approximately 0.14 acres
• Exterior features: Patio; Level, paved lot

Interior

• Kitchen: Cooktop; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Thermostat; Blinds
• Laundry & utility: Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $288 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.7% in Elfers — 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 78/100 on livability (#167 in FL, #2,486 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, employment D+, amenities D-.
• 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: Anclote Elementary School (math 37% / reading 37%, grade F, #1,609 of 2,144 statewide, top 77%, 420 students, 81% FRL); Gulf High School (math 32% / reading 34%, grade F, #406 of 667 statewide, top 61%, 1,465 students, 76% FRL) — zoned schools average 79% FRL vs 48% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 35% 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 flat; 635 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 33% 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 $1k 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.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 12y ago; this cycle's ask has dropped $15k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $145k implies a 191% 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.10% ✓
• Cap rate: 8.67%
• Cash-on-cash: 8.50%
• DSCR: 1.38
• GRM: 7.6

CMA / ARV

• ARV (on-the-fly): $212,625
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3613 Bedford St	0.48mi	2/1.0	984 (+4%)	0mo	$242,000	$246	70
3607 Connon Dr	0.55mi	2/1.5	956 (+1%)	2mo	$215,000	$225	69
3505 Latimer St	0.62mi	2/2.0	936 (-1%)	3mo	$175,000	$187	63
3624 Cantrell St	0.47mi	3/2.0 (+1)	997 (+6%)	3mo	$265,000	$266	58
3643 Bedford St	0.41mi	3/2.0 (+1)	1,024 (+8%)	1mo	$245,000	$239	57
5205 Drift Tide Dr	0.38mi	3/2.0 (+1)	1,044 (+10%)	2mo	$225,000	$216	54
4244 Woodfield Ave	0.72mi	2/1.5	1,006 (+6%)	0mo	$210,000	$209	53
3542 Bedford St	0.52mi	2/2.0	1,056 (+12%)	1mo	$155,000	$147	51
5102 Manor Dr	0.45mi	2/1.5	1,081 (+14%)	3mo	$152,700	$141	51
4709 Gazania St	0.57mi	2/1.0	806 (-15%)	3mo	$190,000	$236	47
5203 Manor Dr	0.49mi	3/1.5 (+1)	1,072 (+13%)	1mo	$236,000	$220	46
5200 Dove Dr	0.57mi	3/2.0 (+1)	1,063 (+12%)	1mo	$267,000	$251	43

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 · 0.72% rent growth · sell at horizon

5-year hold

• IRR: -5.9%
• Equity multiple: 0.78×
• Total profit: $-8,741
• Equity at exit: $21,620

10-year hold

• IRR: 0.8%
• Equity multiple: 1.05×
• Total profit: $2,016
• Equity at exit: $12,537

Cash invested: $40,600 (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 34652

• Home prices YoY: -26.1%
• Rents YoY: 0.7%
• Active inventory: 635
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,588 high
• Mortgage (P&I): −$760
• Tax from tax record: −$146 /mo · $1,757/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $288

Break-even live

Break-even rent $1,224

Max offer price $145,000

Occupancy floor 77%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4124 Flamingo Dr New Port Richey, FL	3.0	1.0	744	$1,500	$2.02	15d	1	0.08mi
4124 Flamingo Dr New Port Richey, FL	3.0	1.0	744	$1,500	$2.02	3d	1	0.08mi
5020 Vickers Dr New Port Richey, FL	2.0	1.0	863	$1,550	$1.80	5d	1	0.21mi
4540 Irene Loop New Port Richey, FL	2.0	1.0	768	$1,550	$2.02	24d	1	0.52mi
3511 Cambridge St New Port Richey, FL	2.0	2.0	936	$2,100	$2.24	5d	1	0.54mi
4209 Touchton Pl New Port Richey, FL	1.0	1.0	624	$1,300	$2.08	17d	1	0.55mi
4221 Touchton Pl New Port Richey, FL	2.0	2.0	888	$1,300	$1.46	24d	1	0.55mi
4548 Belfast Dr New Port Richey, FL	3.0	1.0	1075	$1,575	$1.47	18d	1	0.59mi
4616 Irene Loop New Port Richey, FL	2.0	1.0	898	$1,600	$1.78	20d	1	0.59mi
3433 Monticello St Holiday, FL	3.0	1.5	960	$1,650	$1.72	24d	1	0.61mi
4518 Audrey Ln Unit 4551 New Port Richey, FL	2.0	1.0	750	$1,295	$1.73	22d	1	0.61mi
4721 Naftis Ln New Port Richey, FL	3.0	2.0	1104	$1,700	$1.54	12d	1	0.63mi
4529 Audrey Ln New Port Richey, FL	2.0	1.0	750	$1,295	$1.73	22d	1	0.64mi
4551 Audrey Ln NEW PRT RCHY, FL	2.0	1.0	750	$1,295	$1.73	22d	1	0.64mi
4540 Audrey Ln New Port Richey, FL	2.0	1.0	750	$1,150	$1.53	24d	1	0.64mi
4408 Rustic Dr New Port Richey, FL	2.0	1.0	1101	$1,500	$1.36	24d	1	0.67mi
4411 Rustic Dr Unit 1 New Port Richey, FL	2.0	2.0	1050	$1,450	$1.38	12d	1	0.70mi
4211 Hampton Dr New Port Richey, FL	2.0	2.0	1050	$1,795	$1.71	5d	1	0.71mi
4133 Grayton Dr New Port Richey, FL	2.0	1.5	1068	$1,727	$1.62	5d	1	0.74mi
4939 Floramar Ter New Port Richey, FL	2.0	2.0	1050	$1,600	$1.52	2d	2	0.86mi
4939 Floramar Ter New Port Richey, FL	2.0	2.0	1050	$1,648	$1.57	17d	3	0.86mi
4939 Floramar Ter New Port Richey, FL	2.0	2.0	1050	$1,675	$1.60	24d	2	0.86mi
4744 Azalea Dr #204 New Port Richey, FL	1.0	1.0	736	$1,100	$1.49	20d	1	0.88mi
4852 Pompano Dr New Port Richey, FL	2.0	2.0	1104	$2,900	$2.63	24d	1	0.88mi
4746 Azalea Dr Apt 103C Port Richey, FL	2.0	2.0	1008	$1,220	$1.21	24d	1	0.89mi
5232 Sparrow Dr Holiday, FL	2.0	1.0	976	$1,975	$2.02	24d	1	0.90mi
5333 Pasadena Dr Unit 5333 New Port Richey, FL	1.0	1.0	576	$1,200	$2.08	18d	1	0.91mi
3439 Clydesdale Dr Holiday, FL	2.0	1.0	968	$1,395	$1.44	5d	1	0.95mi
5844 Sunshine Park Dr New Port Richey, FL	3.0	1.0	672	$1,100	$1.64	3d	1	0.99mi
4938 Azalea Dr New Port Richey, FL	2.0	1.0	870	$2,000	$2.30	24d	1	1.02mi
5227 Tangerine Dr New Port Richey, FL	2.0	1.5	996	$1,500	$1.51	12d	1	1.02mi
5197 Silent Loop #124 New Port Richey, FL	2.0	2.0	956	$2,200	$2.30	24d	1	1.06mi
5197 Silent Loop New Port Richey, FL	2.0	2.0	956	$2,200	$2.30	3d	1	1.06mi
5132 Amulet Dr #107 New Port Richey, FL	1.0	1.0	928	$1,395	$1.50	12d	1	1.08mi
4854 Marine Pkwy #103 New Port Richey, FL	1.0	2.0	1088	$1,500	$1.38	24d	1	1.09mi
4754 Marine Pkwy Unit 102-I New Port Richey, FL	2.0	2.0	1088	$1,500	$1.38	24d	1	1.13mi
5154 Turquoise Ln #102 New Port Richey, FL	1.0	1.0	708	$1,250	$1.77	5d	1	1.13mi
4901 Onyx Ln #102 New Port Richey, FL	1.0	1.0	672	$1,295	$1.93	24d	1	1.18mi
4436 Floramar Ter New Port Richey, FL	2.0	1.5	890	$2,295	$2.58	5d	1	1.18mi
4753 Marine Pkwy Unit 4753 New Port Richey, FL	2.0	2.0	1100	$1,600	$1.45	24d	1	1.19mi

Listing history 29 events

1. 2026-06-18
   days on market $145,000 Active 72 DOM
2. 2026-06-17
   days on market $145,000 Active 71 DOM
3. 2026-06-16
   days on market $145,000 Active 70 DOM
4. 2026-06-15
   days on market $145,000 Active 69 DOM
5. 2026-06-13
   days on market $145,000 Active 67 DOM
6. 2026-06-09
   days on market $145,000 Active 63 DOM
7. 2026-06-08
   pricedays on market $145,000 Active 62 DOM
8. 2026-06-07
   days on market $150,000 Active 61 DOM
9. 2026-06-04
   days on market $150,000 Active 58 DOM
10. 2026-06-03
    days on market $150,000 Active 57 DOM
11. 2026-06-02
    days on market $150,000 Active 56 DOM
12. 2026-06-01
    days on market $150,000 Active 55 DOM
13. 2026-05-31
    days on market $150,000 Active 54 DOM
14. 2026-05-09
    price $150,000
15. 2026-04-07
    listed $160,000 Active
16. 2024-08-06
    listed $140,000 Active
17. 2015-08-21
    soldstatus $49,900
18. 2015-07-24
    soldstatus $49,900 Sold 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

19. 2015-07-17
    status Pending 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

20. 2015-06-27
    status Active 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

21. 2015-06-27
    price $49,900 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

22. 2015-05-31
    price $54,900 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

23. 2015-05-30
    historical 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

24. 2014-12-23
    status Active 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

25. 2014-09-26
    historical 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

26. 2014-09-20
    listed $59,850 808-char remark

    Show marketing remark (808 chars)

    Price reduced. Adorable, updated, move in ready home. Drive to beaches in under 10 minutes (Anclote beach, Howard Park beach, Green Key beach). NOT IN A FLOOD ZONE (highest level, level E). This proximity to the beach without flood insurance requirement is uncommon in this area. A/c unit is under 4 years old (2.5 ton unit), roof replaced a year ago, newer kitchen, tile floors, huge back yard. Make sure and look through the pictures to gain an appreciation for this well maintained home. Low taxes. Conveniently situated by the 54 and 19 and minutes from the veterans expressway, so commuting to Tampa, etc is quick. Nearby to restaurants, shopping, theaters and minutes from the free San Crews Casino and the only Hooters on the water in the area. Minutes from Anderson Park. Don't miss out on this one.

27. 2014-09-19
    historical
28. 2014-06-14
    listed $59,995 Active
29. 1993-12-15
    soldstatus $30,000

ⓘ 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: $1,757 · $146/mo
• Projected year-2 tax: $1,757 · $146/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $19,060
• − Mortgage interest: −$8,122
• − Property taxes: −$1,757
• − Insurance: −$725
• − Repairs & maintenance: −$1,525
• − Management: −$1,525
• − Depreciation: −$4,218
• Taxable income: $1,188
• Est. tax owed @ 24.0%: −$285
• After-tax cash flow: $3,166/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 — Elfers

• Score: 78/100
• State rank: #167
• US rank: #2486

Category grades

Amenities D- 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: Elfers, FL
• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,444
• Household income: $56,931
• Rent vs Own: 36.4% rent · 63.6% own
• Severe rent burden: 1190.0

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 (78%)
• Race & ethnicity: White 78% Hispanic / Latino 13% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 9% · Canada
• Languages at home: 87% English-only · Spanish 9% 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: ▼ -109.49%
• Current HPI: 310.8347
• Rent YoY: ▲ 0.72%
• 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

+400.0% since first listed

16 events — show timeline

• 2026-05-09 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-06 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2015-08-21 Sold (Public Records) $49,900 Public Records
• 2015-07-24 Sold (MLS) $49,900 Stellar MLS as Distributed by MLS Grid
• 2015-07-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-06-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2015-06-27 Price Changed $49,900 Stellar MLS as Distributed by MLS Grid
• 2015-05-31 Price Changed $54,900 Stellar MLS as Distributed by MLS Grid
• 2015-05-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-12-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2014-09-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-09-20 Listed $59,850 Stellar MLS as Distributed by MLS Grid
• 2014-09-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-14 Listed $59,995 Stellar MLS as Distributed by MLS Grid
• 1993-12-15 Sold (Public Records) $30,000 Public Records

Property tax history

+16.8%/yr

Latest (2025): $1,757 · +0.7% YoY. Source: county tax records.