37331 Hammond Dr · Zephyrhills West, FL 33541

$99,000

3 bd · 2.0 ba · 960 sqft · Manufactured public records · 1 Days on market

Built 1971 6,383 sqft lot Est $122k · 19% under $18/mo HOA · 1% 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 +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
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a fully furnished doublewide in a retirement community. The property has an inside utility with washer and dryer. Come see this property before it's gone.

Key facts

• New a/c unit
• Large storage closet
• E-z walk-in shower

Tags

• NEW A/C UNIT
• RECENTLY REMODELED KITCHEN
• WHT-SHAKER CABINETS
• GRANITE COUNTER-TOPS
• LARGE STORAGE CLOSET
• E-Z WALK-IN SHOWER

Property features AI

Finance

• Other: Furnished; Lot approximately 0.15 acres; Universal property ID available
• HOA & community: Has HOA (optional fees); HOA fee $210 annually ($17.50 monthly equivalent); Pets not allowed

Exterior

• Parking: Carport (1 space)
• Utilities: Private well water; Septic tank; Electricity connected; Public utilities available
• Home design: Residential mobile home (double wide); One story; Faces south; Entry on one level
• Construction: Vinyl siding; Roof over; Crawlspace foundation; Total building area approximately 1,956 sq ft; Living area approximately 960 sq ft
• Exterior features: Storage; Asphalt road access

Interior

• Kitchen: Built-in oven; Cooktop; Microwave; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry room; Washer; Dryer; Other laundry features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $99k.

Deal economics

• At list price, monthly cash flow is $728 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Cap rate 15.1% vs local median 7.8% in Zephyrhills West — 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 (#772 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, 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: Rents soft (-2.5%/yr); 856 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 38% 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 $684 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $41k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $99k implies a 214% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,000

Questions for the listing agent

1. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.80% ✓
• Cap rate: 15.11%
• Cash-on-cash: 31.51%
• DSCR: 2.40
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $121,920
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37350 Tropical Dr	0.04mi	3/1.5	964 (+0%)	3mo	$54,000	$56	93
37100 8th Ave	0.42mi	2/2.0 (-1)	960 (0%)	1mo	$138,000	$144	75
37229 Sandra Ave	0.33mi	2/2.0 (-1)	931 (-3%)	1mo	$106,900	$115	74
5015 Shirley Cir	0.34mi	2/2.0 (-1)	976 (+2%)	3mo	$95,000	$97	74
5250 Betmar Dr	0.40mi	3/1.5	936 (-2%)	3mo	$143,000	$153	73
37024 8th Ave	0.47mi	2/2.0 (-1)	960 (0%)	2mo	$45,000	$47	72
37240 Beverly Ave	0.48mi	2/2.0 (-1)	898 (-6%)	2mo	$130,500	$145	60
4710 Orange Blossom Dr	0.74mi	2/2.0 (-1)	1,008 (+5%)	2mo	$75,000	$74	51
4639 Coral St	0.58mi	2/2.0 (-1)	1,056 (+10%)	2mo	$76,000	$72	50
36946 Grace Ave	0.57mi	2/1.5 (-1)	1,063 (+11%)	0mo	$135,000	$127	48
37913 Sago Palm Dr	0.64mi	2/2.0 (-1)	1,056 (+10%)	1mo	$135,000	$128	48
36801 Judee Dr	0.69mi	2/2.0 (-1)	864 (-10%)	1mo	$159,900	$185	45

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: 23.0%
• Equity multiple: 1.91×
• Total profit: $25,121
• Equity at exit: $14,761

10-year hold

• IRR: 28.9%
• Equity multiple: 3.22×
• Total profit: $61,511
• Equity at exit: $8,560

Cash invested: $27,720 (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 33541

• Home prices YoY: -15.2%
• Rents YoY: -2.5%
• Active inventory: 856
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,778 high
• Mortgage (P&I): −$519
• Tax from tax record: −$99 /mo · $1,185/yr
• Insurance: −$41
• HOA: −$18
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $728

Break-even live

Break-even rent $857

Max offer price $99,000

Occupancy floor 54%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5168 Crooked Ln Zephyrhills, FL	2.0	1.0	600	$1,645	$2.74	21d	1	0.47mi
4639 Coral St Zephyrhills, FL	2.0	2.0	1056	$1,250	$1.18	24d	1	0.60mi
4833 Royal Palm Dr Zephyrhills, FL	2.0	1.0	672	$1,090	$1.62	24d	1	0.60mi
37902 7th Ave Zephyrhills, FL	3.0	1.0	900	$1,775	$1.97	24d	1	0.61mi
37819 Alissa Dr Zephyrhills, FL	2.0	2.0	864	$1,450	$1.68	17d	1	0.61mi
5521 Barbara St Zephyrhills, FL	2.0	2.0	1056	$1,800	$1.70	24d	1	0.62mi
37925 Date Palm Dr Zephyrhills, FL	3.0	1.5	720	$1,300	$1.81	24d	1	0.70mi
5237 1st St Zephyrhills, FL	3.0	1.0	964	$1,700	$1.76	24d	1	0.73mi
36801 Camelia Ct Zephyrhills, FL	2.0	2.0	864	$1,350	$1.56	24d	1	0.86mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	24d	1	0.97mi
4940 4th St Zephyrhills, FL	2.0	2.0	900	$1,350	$1.50	24d	1	0.98mi
5441 6th St Zephyrhills, FL	2.0	1.0	1014	$1,650	$1.63	24d	1	1.02mi
5022 5th St Zephyrhills, FL	2.0	1.5	974	$1,595	$1.64	24d	1	1.02mi
38236 Fir Ave Zephyrhills, FL	2.0	1.0	950	$1,350	$1.42	24d	1	1.14mi
38031 Meyer Ave Zephyrhills, FL	3.0	2.0	1000	$1,175	$1.18	24d	1	1.33mi
38702 South Ave Zephyrhills, FL	2.0	1.0	800	$1,600	$2.00	24d	1	1.37mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,999	$2.34	1d	142	1.38mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	1.44mi
5028 16th St Zephyrhills, FL	2.0	2.0	1092	$1,595	$1.46	24d	1	1.44mi
38552 9th Ave Zephyrhills, FL	4.0	2.0	1052	$2,100	$2.00	20d	1	1.44mi
36321 Stonewood Ln #103 Zephyrhills, FL	2.0	2.0	987	$1,525	$1.55	24d	1	1.46mi
35940 Inspiration Dr Zephyrhills, FL	1.0–3.0	1.0–2.0	1034	$1,988	$1.92	2d	21	1.46mi
5914 Willow Ridge Dr #101 Zephyrhills, FL	2.0	2.0	987	$1,500	$1.52	24d	1	1.47mi

HOA detail

• Monthly dues: $18 · $216/yr

Listing history 22 events

1. 2026-06-19
   remarks 699-char remark
2. 2026-06-19
   pricedays on marketlisting id $99,000 Active 1 DOM
3. 2026-06-09
   days on market $104,900 Active 163 DOM
4. 2026-06-08
   days on market $104,900 Active 162 DOM
5. 2026-06-07
   days on market $104,900 Active 161 DOM
6. 2026-06-04
   days on market $104,900 Active 158 DOM
7. 2026-06-03
   days on market $104,900 Active 157 DOM
8. 2026-06-02
   days on market $104,900 Active 156 DOM
9. 2026-06-01
   days on market $104,900 Active 155 DOM
10. 2026-05-31
    days on market $104,900 Active 154 DOM
11. 2026-05-20
    price $104,900
12. 2026-03-17
    price $109,900
13. 2026-01-30
    price $129,900
14. 2025-12-28
    listed $139,900 Active
15. 2025-12-11
    historical
16. 2025-10-24
    price $119,900
17. 2025-06-12
    status Active
18. 2025-06-10
    historical
19. 2024-12-13
    listed $124,900 Active
20. 2015-09-21
    soldstatus $31,500 Sold 162-char remark

    Show marketing remark (162 chars)

    This is a fully furnished doublewide in a retirement community. The property has an inside utility with washer and dryer. Come see this property before it's gone.

21. 2015-02-16
    status Pending 162-char remark

    Show marketing remark (162 chars)

    This is a fully furnished doublewide in a retirement community. The property has an inside utility with washer and dryer. Come see this property before it's gone.

22. 2014-07-02
    listed $40,000 Active 162-char remark

    Show marketing remark (162 chars)

    This is a fully furnished doublewide in a retirement community. The property has an inside utility with washer and dryer. Come see this property before it's gone.

ⓘ 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: $1,185 · $99/mo
• Projected year-2 tax: $1,185 · $99/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 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,341
• − Mortgage interest: −$5,546
• − Property taxes: −$1,185
• − Insurance: −$495
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − HOA: −$216
• − Depreciation: −$2,880
• Taxable income: $7,605
• Est. tax owed @ 24.0%: −$1,825
• After-tax cash flow: $6,908/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 West

• Score: 61/100
• State rank: #772
• US rank: #17403

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zephyrhills West, FL
• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 24,654
• Household income: $56,579
• Rent vs Own: 14.0% rent · 86.0% own
• Severe rent burden: 393.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 8% Black 5% Asian 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 9%
• Common ancestry: Lithuanian 4% Romanian 3% Serbian 3%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 9% Tagalog/Filipino 1% 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: ▼ -55.21%
• Current HPI: 308.0619
• Rent YoY: ▼ -2.51%
• 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

+162.2% since first listed

12 events — show timeline

• 2026-05-20 Price Changed $104,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-28 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-24 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-12-13 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2015-09-21 Sold (MLS) $31,500 Stellar MLS as Distributed by MLS Grid
• 2015-02-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-07-02 Listed $40,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+17.6%/yr

Latest (2025): $1,185 · +6.2% YoY. Source: county tax records.