4914 Sherrell Dr · Elfers, FL 34690

$101,000

2 bd · 2.0 ba · 728 sqft · Manufactured public records · 125 Days on market

Built 1978 4,822 sqft lot Est $98k · at est. $143/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 +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• ARV discount +5.9/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 bed, 2 bath mobile located in Tanglewood Terrace in Holiday, FL. 55+ community.

Key facts

• Community amenities
• New flooring
• New subfloors

Tags

• NEW FLOORING
• NEW SUBFLOORS
• FRESH INTERIOR PAINT
• NEW FIXTURES
• COMMUNITY AMENITIES
• POOL

Property features AI

Finance

• Other: Directions provided from US-19 to the property
• Financial info: Total monthly fees reported as $143; Total annual fees reported as $1,716; Lease restrictions apply
• HOA & community: Monthly HOA fee of $143 (includes pool, maintenance of grounds, recreational facilities, and trash); Association managed by Qualified Property Management; Community amenities: clubhouse, pool, shuffleboard court, street lights; Senior community; Pets allowed (cats and dogs); Golf carts permitted

Exterior

• Parking: Carport with 2 spaces
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Electricity available and connected; Cable available and connected; BB/HS internet available; Phone available; Water connected; Sewer connected
• Home design: Manufactured home (single wide); Attached property; One story; Faces north; Pillar/post/pier foundation
• Construction: Vinyl siding; Membrane roof
• Exterior features: Covered, enclosed and side porches; Front porch; Patio; Awning(s); Shed(s) and additional storage; Mature landscaping with trees; Cleared, landscaped and level lot; Sidewalks and paved surfaces; Private maintained asphalt road

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Solid surface counters; Solid wood cabinets; Thermostat; Blinds, rods, shades and other window treatments; Microwave; Range; Refrigerator; Electric water heater; Ceramic tile flooring; Smoke detector(s)
• Laundry & utility: Washer hookup; Electric dryer hookup; Outdoor laundry access

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $101k.

Deal economics

• At list price, monthly cash flow is $351 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $101k).
• Recommended offer: $89k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% 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.
• Market conditions: Rents soft (-2.5%/yr); 131 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 34% of the median local income ($49k/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 $698 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.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• 7 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.
• Current owner paid $75k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $88,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.38% ✓
• Cap rate: 10.46%
• Cash-on-cash: 14.90%
• DSCR: 1.66
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $97,552
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3210 Hampshire Dr	0.03mi	2/1.5	672 (-8%)	5mo	$80,000	$119	79
3241 Channing Dr	0.08mi	2/1.0	720 (-1%)	14mo	$97,000	$135	79
3415 Chatford Dr	0.25mi	2/1.5	768 (+6%)	4mo	$103,000	$134	74
2453 Santiago Dr	0.73mi	2/2.0	660 (-9%)	2mo	$53,000	$80	49

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $1,955
• Equity at exit: $15,059

10-year hold

• IRR: 8.1%
• Equity multiple: 1.53×
• Total profit: $14,902
• Equity at exit: $8,733

Cash invested: $28,280 (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 34690

• Home prices YoY: -22.4%
• Rents YoY: -2.5%
• Active inventory: 131
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,396 high
• Mortgage (P&I): −$530
• Tax from tax record: −$37 /mo · $444/yr
• Insurance: −$42
• HOA: −$143
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $351

Break-even live

Break-even rent $952

Max offer price $101,000

Occupancy floor 70%

Sensitivity live

Price	-10% $408	-5% $380	+0% $351	+5% $322	+10% $294
Rent	-10% $241	-5% $296	+0% $351	+5% $406	+10% $461
Rate	-1.0pp $402	-0.5pp $377	base $351	+0.5pp $325	+1.0pp $298

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: $25,250
• Closing costs: $3,030
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4348 Plaza Dr Holiday, FL	1.0–2.0	1.0–2.0	860	$1,499	$1.74	3d	9	0.67mi
4205 Jordana Way Holiday, FL	1.0–3.0	1.0–2.0	1027	$1,404	$1.37	3d	13	0.75mi
4358 Tahitian Gardens Cir Holiday, FL	1.0	1.0	600	$1,350	$2.25	15d	1	0.91mi
4358 Tahitian Gardens Cir Unit G Holiday, FL	1.0	1.0	600	$1,350	$2.25	24d	1	0.91mi
4124 Flamingo Dr New Port Richey, FL	3.0	1.0	744	$1,500	$2.02	15d	1	0.98mi
4124 Flamingo Dr New Port Richey, FL	3.0	1.0	744	$1,500	$2.02	4d	1	0.98mi
4318 Tahitian Gardens Cir Unit B Holiday, FL	1.0	1.0	576	$1,200	$2.08	24d	1	1.00mi
2122 Ranchita Trl Holiday, FL	2.0	1.0	648	$1,399	$2.16	24d	1	1.07mi
2117 Calusa Trl Unit B Holiday, FL	1.0	1.0	708	$1,200	$1.69	5d	1	1.09mi
4209 Touchton Pl New Port Richey, FL	1.0	1.0	624	$1,300	$2.08	17d	1	1.20mi
2133 Melody Dr Holiday, FL	2.0	1.0	510	$1,078	$2.11	15d	1	1.20mi
2051 Pleasure Dr Holiday, FL	2.0	1.0	720	$1,200	$1.67	24d	1	1.34mi
4518 Audrey Ln Unit 4551 New Port Richey, FL	2.0	1.0	750	$1,295	$1.73	22d	1	1.40mi
4540 Audrey Ln New Port Richey, FL	2.0	1.0	750	$1,150	$1.53	24d	1	1.43mi
4551 Audrey Ln NEW PRT RCHY, FL	2.0	1.0	750	$1,295	$1.73	22d	1	1.43mi
4529 Audrey Ln New Port Richey, FL	2.0	1.0	750	$1,295	$1.73	22d	1	1.44mi
5844 Sunshine Park Dr New Port Richey, FL	3.0	1.0	672	$1,100	$1.64	3d	1	1.45mi
5409 Oceanic Rd Holiday, FL	1.0	1.0	624	$1,225	$1.96	24d	1	1.47mi
5419 Oceanic Rd Holiday, FL	1.0	1.0	624	$1,200	$1.92	13d	1	1.47mi
5441 Oceanic Rd Holiday, FL	1.0	1.0	600	$1,100	$1.83	24d	1	1.49mi

HOA detail

• Monthly dues: $143 · $1,716/yr

Listing history 32 events

1. 2026-06-18
   days on market $101,000 Active 125 DOM
2. 2026-06-17
   days on market $101,000 Active 124 DOM
3. 2026-06-16
   days on market $101,000 Active 123 DOM
4. 2026-06-15
   days on market $101,000 Active 122 DOM
5. 2026-06-13
   days on market $101,000 Active 120 DOM
6. 2026-06-09
   days on market $101,000 Active 116 DOM
7. 2026-06-08
   days on market $101,000 Active 115 DOM
8. 2026-06-07
   days on market $101,000 Active 114 DOM
9. 2026-06-04
   days on market $101,000 Active 111 DOM
10. 2026-06-03
    days on market $101,000 Active 110 DOM
11. 2026-06-02
    days on market $101,000 Active 109 DOM
12. 2026-06-01
    days on market $101,000 Active 108 DOM
13. 2026-05-31
    days on market $101,000 Active 107 DOM
14. 2026-05-20
    status Active
15. 2026-05-19
    price $101,000
16. 2026-05-19
    price $101,900
17. 2026-03-30
    status Active
18. 2026-03-29
    historical
19. 2026-02-07
    status Active
20. 2026-02-03
    listed $104,900 Active
21. 2024-05-31
    soldstatus $75,000
22. 2024-05-09
    soldstatus $75,000 81-char remark

    Show marketing remark (81 chars)

    2 bed, 2 bath mobile located in Tanglewood Terrace in Holiday, FL. 55+ community.

23. 2024-05-09
    listed $75,000 81-char remark

    Show marketing remark (81 chars)

    2 bed, 2 bath mobile located in Tanglewood Terrace in Holiday, FL. 55+ community.

24. 2024-03-14
    historical
25. 2024-03-07
    price $89,900
26. 2024-02-21
    price $99,900
27. 2024-02-12
    listed $100,000 Active
28. 2022-04-04
    soldstatus $55,000
29. 2022-03-30
    soldstatus $55,000 Closed
30. 2021-12-22
    status Pending
31. 2021-11-17
    listed $69,500 Active
32. 2005-04-18
    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: $444 · $37/mo
• Projected year-2 tax: $838 · $70/mo
• Expected delta: +$394/yr (+$33/mo · 88.9%)

ⓘ 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) · 22% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,751
• − Mortgage interest: −$5,658
• − Property taxes: −$444
• − Insurance: −$505
• − Repairs & maintenance: −$1,340
• − Management: −$1,340
• − HOA: −$1,716
• − Depreciation: −$2,938
• Taxable income: $2,810
• Est. tax owed @ 24.0%: −$674
• After-tax cash flow: $3,538/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): 12,498
• Household income: $49,401
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 625.0

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 21% Two or more races 11% Black 5% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 7% Cuban 3% Dominican 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 1%
• Foreign-born: 12% · Canada, Jamaica, Vietnam
• Languages at home: 78% English-only · Spanish 16% Arabic 2% Other Indo-European 2%

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: ▼ -91.40%
• Current HPI: 316.5846
• Rent YoY: ▼ -2.49%
• 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

+236.7% since first listed

19 events — show timeline

• 2026-05-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Price Changed $101,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Price Changed $101,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Listed $104,900 Stellar MLS as Distributed by MLS Grid
• 2024-05-31 Sold (Public Records) $75,000 Public Records
• 2024-05-09 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-09 Sold (MLS) $75,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-03-07 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2024-02-21 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2024-02-12 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-04 Sold (Public Records) $55,000 Public Records
• 2022-03-30 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2021-12-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-11-17 Listed $69,500 Stellar MLS as Distributed by MLS Grid
• 2005-04-18 Sold (Public Records) $30,000 Public Records

Property tax history

-2.9%/yr

Latest (2025): $444 · -65.2% YoY. Source: county tax records.