3702 Tiki Dr · Holiday, FL 34691

$132,000

3 bd · 2.0 ba · 1,288 sqft · Manufactured public records · 304 Days on market

Built 1980 3,745 sqft lot Est $169k · 22% under $43/mo HOA · 2% of rent

---

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 +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• Schools +4.3/10.0
• Livability +3.3/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Wow! A 1,288 square foot mobile with land in Tiki Village, a 55+ deed-restricted community. This lovely home is in 'move-in' condition and comes completely furnished. Features include a spacious living room, formal dining room with built-in china cabinet, a kitchen with breakfast bar which opens to the family room and informal eating space. There is a roof-over, a utility shed with washer and dryer, and the air conditioning system is only two years old. Homeowner's Association Dues are only $144 per year. This property is being sold 'As Is With Right to Inspect. '

Key facts

• Gated community
• Screened porch
• New a/c

Tags

• LARGE STORAGE ROOM
• SCREENED PORCH
• GATED COMMUNITY
• NEW ROOF
• NEW A/C
• SPACIOUS NEW KITCHEN

Property features AI

Finance

• Other: Lease restrictions apply; Partially furnished
• HOA & community: HOA required (Tiki Village Mobile Home Park Condo); HOA fee $520 annually ($43.33/month); Association approval required; Association fee covers common area taxes, management, and private road; Buyer approval required; Deed restrictions; Golf carts allowed; Senior community; Pets allowed (cats and dogs), max pet weight 25 lbs

Exterior

• Parking: Carport (1 space)
• Utilities: Electricity connected; Public sewer; Water connected
• Home design: Manufactured home (double wide); Attached property; One story; North-facing
• Construction: Metal frame construction; Membrane roof; Crawlspace foundation; Completed condition
• Exterior features: Porch; Side porch; Awnings; Sidewalk

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Storm windows; Inside utility
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $132k.

Deal economics

• At list price, monthly cash flow is $628 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $132k).
• Recommended offer: $116k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.0% vs local median 4.7% in Holiday — 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 66/100 on livability (#623 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: crime D+, schools D, amenities 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 rising (+2.0%/yr); 324 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• At $1,905/mo this rent would consume 45% of the median local household income ($50k/yr) (locally 1031% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $913 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.
• At projected returns (-3.0% appreciation + 2.0% rent growth), your $37k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 304 days — a 12% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 19y ago; this cycle's ask has dropped $43k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $132k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 304 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. 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?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.44% ✓
• Cap rate: 12.00%
• Cash-on-cash: 20.38%
• DSCR: 1.91
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $168,728
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4004 Reggie Dr	0.56mi	3/2.0	1,272 (-1%)	3mo	$125,000	$98	70
3743 Lomi Lomi Dr	0.52mi	3/2.0	1,350 (+5%)	5mo	$213,500	$158	64
2101 Hilo Dr	0.60mi	2/2.0 (-1)	1,320 (+2%)	1mo	$173,000	$131	62
2115 Waterview Dr	0.57mi	2/2.0 (-1)	1,296 (+1%)	7mo	$165,000	$127	62
2133 Oahu Dr #140	0.56mi	2/2.0 (-1)	1,296 (+1%)	10mo	$184,900	$143	60
3835 Lomi Lomi Dr	0.54mi	2/2.0 (-1)	1,190 (-8%)	2mo	$131,000	$110	56
3839 Lomi Lomi Dr	0.54mi	2/2.0 (-1)	1,212 (-6%)	14mo	$175,000	$144	48
3747 Lomi Lomi Dr	0.66mi	2/2.0 (-1)	1,392 (+8%)	9mo	$150,000	$108	44

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 · 2.05% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.45×
• Total profit: $16,791
• Equity at exit: $19,682

10-year hold

• IRR: 19.8%
• Equity multiple: 2.59×
• Total profit: $58,868
• Equity at exit: $11,413

Cash invested: $36,960 (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 34691

• Home prices YoY: -23.9%
• Rents YoY: 2.0%
• Active inventory: 324
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,905 high
• Mortgage (P&I): −$692
• Tax from tax record: −$87 /mo · $1,041/yr
• Insurance: −$55
• HOA: −$43
• Vacancy / Maint / Mgmt: −$400
• Net cashflow: $628

Break-even live

Break-even rent $1,110

Max offer price $132,000

Occupancy floor 62%

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: $33,000
• Closing costs: $3,960
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3742 Darlington Rd Holiday, FL	2.0	1.5	936	$1,800	$1.92	24d	1	0.23mi
3600 Darlington Rd Holiday, FL	3.0	2.0	1620	$1,800	$1.11	24d	1	0.24mi
3536 Darlington Rd Holiday, FL	3.0	2.0	1400	$1,950	$1.39	24d	1	0.25mi
4036 Sunray Dr Holiday, FL	3.0	2.0	1842	$2,350	$1.28	24d	1	0.36mi
3513 Trask Dr Holiday, FL	2.0	1.5	1000	$1,249	$1.25	24d	1	0.37mi
3749 Beechwood Dr Holiday, FL	2.0	1.0	1012	$1,673	$1.65	12d	1	0.41mi
3904 Elmwood Dr Holiday, FL	4.0	2.5	1512	$1,970	$1.30	4d	1	0.43mi
3711 Redwood Dr Holiday, FL	3.0	2.0	1368	$1,850	$1.35	14d	1	0.44mi
3446 Cincinnati Dr Holiday, FL	3.0	2.0	1216	$1,906	$1.57	4d	1	0.44mi
3521 Allandale Dr Holiday, FL	2.0	2.0	1368	$1,800	$1.32	24d	1	0.56mi
4205 Jordana Way Holiday, FL	1.0–3.0	1.0–2.0	1027	$1,633	$1.59	2d	13	0.59mi
2814 Jacob Crossing Ln Holiday, FL	3.0	2.5	1444	$1,995	$1.38	24d	1	0.59mi
3093 Inlet Breeze Way Holiday, FL	3.0	2.5	1616	$1,895	$1.17	24d	1	0.62mi
3052 Salton St Holiday, FL	2.0	2.0	1067	$1,600	$1.50	24d	1	0.63mi
4348 Plaza Dr Holiday, FL	1.0–2.0	1.0–2.0	860	$1,499	$1.74	2d	9	0.65mi
3162 Victoria Inlet Dr Holiday, FL	3.0	2.5	1632	$2,375	$1.46	4d	1	0.70mi
3445 Wiltshire Dr Holiday, FL	2.0	1.5	992	$1,450	$1.46	21d	1	0.78mi
3549 Westminister Ct Holiday, FL	3.0	2.0	1508	$2,350	$1.56	24d	1	0.78mi
3431 Overland Dr Holiday, FL	3.0	2.0	1236	$1,850	$1.50	24d	1	0.79mi
3301 Rosefield Dr Holiday, FL	3.0	2.0	1340	$2,100	$1.57	17d	1	0.79mi
2132 Kepner Dr Holiday, FL	2.0	1.0	920	$1,295	$1.41	20d	1	0.79mi
3336 Rosefield Dr Holiday, FL	4.0	1.0	1350	$1,700	$1.26	24d	1	0.86mi
2620 Cheval Dr Holiday, FL	3.0	2.0	1602	$1,699	$1.06	4d	1	0.88mi
3439 Clydesdale Dr Holiday, FL	2.0	1.0	968	$1,395	$1.44	4d	1	0.88mi
3612 Springfield Dr Holiday, FL	2.0	1.5	1040	$1,450	$1.39	17d	1	0.93mi
4620 Tropical Ln Holiday, FL	2.0	1.0	1276	$1,650	$1.29	1d	1	0.94mi
3444 Rosefield Dr Holiday, FL	3.0	2.0	1700	$2,200	$1.29	24d	1	0.95mi
3528 Rock Royal Dr Holiday, FL	2.0	1.0	1052	$1,900	$1.81	24d	1	0.96mi
3637 Winder Dr Holiday, FL	4.0	1.0	1300	$2,400	$1.85	4d	1	0.97mi
4723 Aegean Ave Holiday, FL	2.0	1.0	1000	$1,636	$1.64	4d	1	1.04mi
2117 Calusa Trl Holiday, FL	2.0	1.0	1205	$1,600	$1.33	4d	1	1.06mi
2610 Templewood Dr Holiday, FL	3.0	1.0	1056	$1,800	$1.70	4d	1	1.08mi
1624 Springdale Dr Holiday, FL	2.0	1.0	1000	$1,575	$1.57	4d	1	1.09mi
2709 Hawk Roost Ct Holiday, FL	3.0	2.0	1758	$2,625	$1.49	17d	1	1.10mi
3143 Pinon Dr Holiday, FL	2.0	2.0	1034	$1,695	$1.64	21d	1	1.11mi
2509 Sweetwood Dr Holiday, FL	2.0	1.0	988	$1,650	$1.67	17d	1	1.15mi
4835 Blossom Dr Holiday, FL	2.0	2.0	1174	$1,700	$1.45	24d	1	1.18mi
4823 Longwood Ave Holiday, FL	3.0	1.0	1122	$1,800	$1.60	4d	1	1.19mi
3433 Atlantis Dr Holiday, FL	2.0	1.0	1024	$1,500	$1.46	24d	1	1.23mi
4133 Grayton Dr New Port Richey, FL	2.0	1.5	1068	$1,727	$1.62	4d	1	1.29mi

HOA detail

• Monthly dues: $43 · $516/yr

Listing history 28 events

1. 2026-06-18
   days on market $132,000 Active 304 DOM
2. 2026-06-17
   pricedays on market $132,000 Active 303 DOM
3. 2026-06-16
   days on market $135,000 Active 302 DOM
4. 2026-06-15
   days on market $135,000 Active 301 DOM
5. 2026-06-13
   days on market $135,000 Active 299 DOM
6. 2026-06-09
   days on market $135,000 Active 295 DOM
7. 2026-06-08
   pricedays on market $135,000 Active 294 DOM
8. 2026-06-07
   days on market $150,000 Active 293 DOM
9. 2026-06-04
   days on market $150,000 Active 290 DOM
10. 2026-06-03
    days on market $150,000 Active 289 DOM
11. 2026-06-02
    days on market $150,000 Active 288 DOM
12. 2026-06-01
    days on market $150,000 Active 287 DOM
13. 2026-05-31
    days on market $150,000 Active 286 DOM
14. 2026-05-21
    price $137,500
15. 2026-04-17
    price $140,000
16. 2026-03-21
    price $150,000
17. 2026-02-28
    price $153,000
18. 2026-02-26
    price $153,500
19. 2026-01-18
    price $154,500
20. 2025-09-23
    price $155,000
21. 2025-09-02
    price $160,000
22. 2025-08-25
    price $170,000
23. 2025-08-18
    listed $175,000 Active
24. 2023-04-26
    soldstatus $75,000
25. 2007-10-31
    soldstatus $58,300
26. 2007-10-15
    soldstatus $58,300 571-char remark

    Show marketing remark (571 chars)

    Wow! A 1,288 square foot mobile with land in Tiki Village, a 55+ deed-restricted community. This lovely home is in 'move-in' condition and comes completely furnished. Features include a spacious living room, formal dining room with built-in china cabinet, a kitchen with breakfast bar which opens to the family room and informal eating space. There is a roof-over, a utility shed with washer and dryer, and the air conditioning system is only two years old. Homeowner's Association Dues are only $144 per year. This property is being sold 'As Is With Right to Inspect. '

27. 2007-05-07
    listed $59,900 571-char remark

    Show marketing remark (571 chars)

    Wow! A 1,288 square foot mobile with land in Tiki Village, a 55+ deed-restricted community. This lovely home is in 'move-in' condition and comes completely furnished. Features include a spacious living room, formal dining room with built-in china cabinet, a kitchen with breakfast bar which opens to the family room and informal eating space. There is a roof-over, a utility shed with washer and dryer, and the air conditioning system is only two years old. Homeowner's Association Dues are only $144 per year. This property is being sold 'As Is With Right to Inspect. '

28. 1996-06-11
    soldstatus $22,000

ⓘ 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: $1,041 · $87/mo
• Projected year-2 tax: $1,096 · $91/mo
• Expected delta: +$55/yr (+$5/mo · 5.3%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 23% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $22,855
• − Mortgage interest: −$7,394
• − Property taxes: −$1,041
• − Insurance: −$660
• − Repairs & maintenance: −$1,828
• − Management: −$1,828
• − HOA: −$516
• − Depreciation: −$3,840
• Taxable income: $5,748
• Est. tax owed @ 24.0%: −$1,379
• After-tax cash flow: $6,153/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 — Holiday

• Score: 66/100
• State rank: #623
• US rank: #12124

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Holiday, FL
• County: Pasco County · 524,098 people
• City population: 33,730
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 21,232
• Household income: $50,288
• Rent vs Own: 32.2% rent · 67.8% own
• Severe rent burden: 1031.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 15% Two or more races 11% Black 7% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Iranian 2% Lithuanian 2%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 82% English-only · Spanish 8% Other Indo-European 5% 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: ▼ -102.84%
• Current HPI: 326.9843
• Rent YoY: ▲ 2.05%
• 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

+525.0% since first listed

15 events — show timeline

• 2026-05-21 Price Changed $137,500 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $140,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-21 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Price Changed $153,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Price Changed $153,500 Stellar MLS as Distributed by MLS Grid
• 2026-01-18 Price Changed $154,500 Stellar MLS as Distributed by MLS Grid
• 2025-09-23 Price Changed $155,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-02 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-25 Price Changed $170,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-18 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-26 Sold (Public Records) $75,000 Public Records
• 2007-10-31 Sold (Public Records) $58,300 Public Records
• 2007-10-15 Sold (MLS) $58,300 Stellar MLS as Distributed by MLS Grid
• 2007-05-07 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 1996-06-11 Sold (Public Records) $22,000 Public Records

Property tax history

+10.5%/yr

Latest (2025): $1,041 · +0.1% YoY. Source: county tax records.