8336 Hamster Dr · Zephyrhills North, FL 33540

$210,000

4 bd · 2.0 ba · 1,647 sqft · Manufactured public records · 40 Days on market

Built 1998 1.01 ac lot Est $262k · 20% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come make this well maintained 4 bedroom, 2 bathroom, split floor plan home on Heather Lake yours, today! This waterfront property, zoned AR (Agricultural Residential), sits on over an acre of land, fenced, in a quiet country setting just minutes from everything Zephyrhills has to offer. Relax on the oversized covered porches out in nature or head inside and lay back in your garden tub with a cold drink in the owner's suite. There is a separate shower and dual sinks in the oversized en suite with plenty of counter and storage space. NO CDD and NO HOA! Roof is only 6 years old! John Deer Zero Turn Mower and washer & dryer Included with a full price offer.

Key facts

• 1.01 acre lot
• Built 1998
• Listed 40 days

Property features AI

Finance

• Other: Zoning: AR; Lot size approximately 1.01 acres (dirt road access)
• HOA & community: No association / HOA indicated

Exterior

• Utilities: Well water; Septic needed; Other utilities (unspecified)
• Home design: Manufactured home (double wide); Residential property; One story; Faces west; Entry level: One
• Construction: Vinyl siding; Other roof type (unspecified); Crawlspace foundation; Building area approximately 1,647 (public records)
• Exterior features: Other exterior features (unspecified)

Interior

• Kitchen: Other appliances (unspecified)
• Bedrooms: 4 bedrooms
• Flooring: Other flooring (unspecified)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Other heating (unspecified); Other cooling (unspecified)
• Interior features: Other interior features (unspecified)
• Laundry & utility: Laundry: Other (unspecified)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $210k.

Deal economics

• At list price, monthly cash flow is $1k ($13k/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: $204k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.1% vs local median 7.6% in Zephyrhills North — 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 61/100 on livability (#787 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools F, 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.
• Market conditions: 238 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $59k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; 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 $203,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.52% ✓
• Cap rate: 13.08%
• Cash-on-cash: 24.23%
• DSCR: 2.08
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $261,873
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39813 Melrose Ave	0.15mi	3/2.0 (-1)	1,568 (-5%)	14mo	$249,000	$159	68
40251 Laird Ave	0.61mi	4/2.0	1,674 (+2%)	16mo	$270,000	$161	56
39344 Bohan Ln	0.63mi	5/2.0 (+1)	1,836 (+12%)	4mo	$325,000	$177	44
8907 Brazil St	0.63mi	3/2.0 (-1)	1,710 (+4%)	20mo	$215,000	$126	43
8014 Hobart Dr	0.37mi	3/2.0 (-1)	1,456 (-12%)	18mo	$230,000	$158	43
8514 Bragg St	0.74mi	3/2.0 (-1)	1,404 (-15%)	10mo	$160,000	$114	27

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.8%
• Equity multiple: 1.64×
• Total profit: $37,367
• Equity at exit: $31,312

10-year hold

• IRR: 24.4%
• Equity multiple: 3.12×
• Total profit: $124,516
• 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 33540

• Home prices YoY: -3.0%
• Active inventory: 238
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $3,190 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$144 /mo · $1,726/yr
• Insurance: −$88
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$670
• Net cashflow: $1,121

Break-even live

Break-even rent $1,771

Max offer price $210,000

Occupancy floor 60%

Sensitivity live

Price	-10% $1,240	-5% $1,180	+0% $1,121	+5% $1,061	+10% $1,002
Rent	-10% $869	-5% $995	+0% $1,121	+5% $1,247	+10% $1,373
Rate	-1.0pp $1,226	-0.5pp $1,174	base $1,121	+0.5pp $1,066	+1.0pp $1,011

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 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8540 Boyt Rd Zephyrhills, FL	3.0	2.0	1674	$3,500	$2.09	25d	1	0.48mi
8313 Wheat Stone Dr Zephyrhills, FL	3.0	2.0	1864	$2,275	$1.22	25d	1	1.28mi

Listing history 22 events

1. 2026-06-18
   days on market $210,000 Active 40 DOM
2. 2026-06-18
   price $210,000 Active 39 DOM
3. 2026-06-17
   days on market $240,000 Active 39 DOM
4. 2026-06-16
   days on market $240,000 Active 38 DOM
5. 2026-06-15
   days on market $240,000 Active 37 DOM
6. 2026-06-13
   days on market $240,000 Active 35 DOM
7. 2026-06-09
   days on market $240,000 Active 31 DOM
8. 2026-06-08
   days on market $240,000 Active 30 DOM
9. 2026-06-07
   days on market $240,000 Active 29 DOM
10. 2026-06-04
    days on market $240,000 Active 26 DOM
11. 2026-06-03
    days on market $240,000 Active 25 DOM
12. 2026-06-02
    days on market $240,000 Active 24 DOM
13. 2026-06-01
    days on market $240,000 Active 23 DOM
14. 2026-05-31
    days on market $240,000 Active 22 DOM
15. 2026-05-09
    listed $240,000 Active
16. 2022-12-22
    soldstatus $206,000
17. 2022-12-15
    soldstatus $206,000 Closed 668-char remark

    Show marketing remark (668 chars)

    Come make this well maintained 4 bedroom, 2 bathroom, split floor plan home on Heather Lake yours, today! This waterfront property, zoned AR (Agricultural Residential), sits on over an acre of land, fenced, in a quiet country setting just minutes from everything Zephyrhills has to offer. Relax on the oversized covered porches out in nature or head inside and lay back in your garden tub with a cold drink in the owner's suite. There is a separate shower and dual sinks in the oversized en suite with plenty of counter and storage space. NO CDD and NO HOA! Roof is only 6 years old! John Deer Zero Turn Mower and washer & dryer Included with a full price offer.

18. 2022-10-27
    status Pending 668-char remark

    Show marketing remark (668 chars)

    Come make this well maintained 4 bedroom, 2 bathroom, split floor plan home on Heather Lake yours, today! This waterfront property, zoned AR (Agricultural Residential), sits on over an acre of land, fenced, in a quiet country setting just minutes from everything Zephyrhills has to offer. Relax on the oversized covered porches out in nature or head inside and lay back in your garden tub with a cold drink in the owner's suite. There is a separate shower and dual sinks in the oversized en suite with plenty of counter and storage space. NO CDD and NO HOA! Roof is only 6 years old! John Deer Zero Turn Mower and washer & dryer Included with a full price offer.

19. 2022-10-24
    listed $194,999 Active 668-char remark

    Show marketing remark (668 chars)

    Come make this well maintained 4 bedroom, 2 bathroom, split floor plan home on Heather Lake yours, today! This waterfront property, zoned AR (Agricultural Residential), sits on over an acre of land, fenced, in a quiet country setting just minutes from everything Zephyrhills has to offer. Relax on the oversized covered porches out in nature or head inside and lay back in your garden tub with a cold drink in the owner's suite. There is a separate shower and dual sinks in the oversized en suite with plenty of counter and storage space. NO CDD and NO HOA! Roof is only 6 years old! John Deer Zero Turn Mower and washer & dryer Included with a full price offer.

20. 2012-12-26
    soldstatus $66,500
21. 2012-12-17
    soldstatus $66,500 427-char remark

    Show marketing remark (427 chars)

    No HOA ordered restrictions! A regular sale with regular closing time. This is an immaculate, well cared for 4 bedroom / 2 bath home on just over 1 acre. Completely fenced. Large deck for you to enjoy the view and to relax. Home is a split plan. Master bath has garden tub, dual sinks and separate shower. Kitchen has a breakfast area, breakfast bar and pantry. Refrigerator and Range are only 2 years old. CHA newly replaced.

22. 2012-07-30
    listed $69,900 427-char remark

    Show marketing remark (427 chars)

    No HOA ordered restrictions! A regular sale with regular closing time. This is an immaculate, well cared for 4 bedroom / 2 bath home on just over 1 acre. Completely fenced. Large deck for you to enjoy the view and to relax. Home is a split plan. Master bath has garden tub, dual sinks and separate shower. Kitchen has a breakfast area, breakfast bar and pantry. Refrigerator and Range are only 2 years old. CHA newly replaced.

ⓘ 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: $1,726 · $144/mo
• Projected year-2 tax: $1,743 · $145/mo
• Expected delta: +$17/yr (+$1/mo · 1.0%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,275
• − Mortgage interest: −$11,763
• − Property taxes: −$1,726
• − Insurance: −$1,847
• − Repairs & maintenance: −$3,062
• − Management: −$3,062
• − Depreciation: −$6,109
• Taxable income: $10,705
• Est. tax owed @ 24.0%: −$2,569
• After-tax cash flow: $10,879/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 North

• Score: 61/100
• State rank: #787
• US rank: #18026

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 11,098

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 10% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 11% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 9% French/Haitian/Cajun 2% Other Indo-European 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: ▼ -11.57%
• Current HPI: 370.8747
• Rent YoY: —
• Metro: —
• 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

+243.3% since first listed

8 events — show timeline

• 2026-05-09 Listed $240,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-22 Sold (Public Records) $206,000 Public Records
• 2022-12-15 Sold (MLS) $206,000 Stellar MLS as Distributed by MLS Grid
• 2022-10-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-10-24 Listed $194,999 Stellar MLS as Distributed by MLS Grid
• 2012-12-26 Sold (Public Records) $66,500 Public Records
• 2012-12-17 Sold (MLS) $66,500 Stellar MLS as Distributed by MLS Grid
• 2012-07-30 Listed $69,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+11.1%/yr

Latest (2025): $1,726 · -3.1% YoY. Source: county tax records.