37015 Sandra Ave · Zephyrhills West, FL 33542

$123,000

2 bd · 2.0 ba · 842 sqft · Manufactured public records · 180 Days on market

Built 1974 4,500 sqft lot Est $122k · at est. $39/mo HOA · 3% of rent

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Why this score? — see what drove the C+ 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 +26.6/30.0
• DSCR +9.1/10.0
• 1% rule +7.4/10.0
• ARV discount +7.2/15.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Now available on a great corner lot with St. Augustine grass and unique landscaping is this NEWLY remodeled 2BR 2 bath home. Features an open floorplan and split bedrooms. Expanded living room features a walk out screened porch and easy access to a large Florida room perfect for entertaining. Double doors allow the crowd or golf cart easy access. New furniture in the dining room and living room included. Buy today and we'll include the golf cart! Trane AC unit '11, metal roofover, New stove delivered today! LOW HOA FEE OF 282.00 A YEAR. Don't forget its near the 27 holes of golf, 2 swimming pools and hot tubs along with 3 clubhouses, a library, walking paths, Game rooms (Billiards, Table Tennis, Board Games) miniature golf, enclosed shuffleboard Courts, Tennis courts, pickleball courts, basketball court, Bocce courts and Bingo, and our NEW dog park. * Additional fees may apply * Call for an tour today!

Key facts

• Screened-in patio
• Corner lot
• Fully furnished

Tags

• ACTIVE GOLF COMMUNITY
• CORNER LOT
• WALKING TRAILS
• OVERSIZED FLORIDA ROOM
• SCREENED-IN PATIO
• FULLY FURNISHED

Property features AI

Finance

• Other: Partially furnished
• Financial info: Lease restrictions apply
• HOA & community: Has HOA (association name listed); Monthly HOA approx. $39.58 (annual fee $475); Association fee required; Association amenities: clubhouse, pool, spa/hot tub, tennis courts, pickleball, basketball court, shuffleboard, trails, golf course, recreation facilities, security, street lights; Community features: deed restrictions, golf carts allowed, association-owned recreation

Exterior

• Parking: Covered parking; Driveway; Carport (1 space)
• Security: Community security (included in association fees); Hurricane shutters
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available; Broadband/high-speed internet available
• Home design: Residential mobile home (single wide); South-facing; One story; Entry on one level
• Construction: Vinyl siding; Membrane roof; Crawlspace foundation; Built as single wide mobile home
• Exterior features: Covered patio; Covered porch; Screened porch; Hurricane shutters; Rain gutters; Outdoor storage; Mature landscaping; Corner lot; Flood zone; Level lot; Private maintained paved asphalt road

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Concrete; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Eat-in kitchen; Kitchen/family room combo; Open floorplan; Thermostat
• Laundry & utility: Washer; Dryer; Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $123k.

Deal economics

• At list price, monthly cash flow is $205 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $123k).
• Recommended offer: $108k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 7.8% in Zephyrhills West — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 falling (-3.6%/yr); 294 active listings in the ZIP; 24 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 37% 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 $850 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 180 days — a 12% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $71k; list at $123k implies a 73% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 180 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.24% ✓
• Cap rate: 9.51%
• Cash-on-cash: 11.51%
• DSCR: 1.51
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $122,090
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37024 8th Ave	0.03mi	2/2.0	960 (+14%)	2mo	$45,000	$47	74
5307 Flint St	0.22mi	2/2.0	774 (-8%)	3mo	$134,000	$173	74
37240 Beverly Ave	0.30mi	2/2.0	898 (+7%)	2mo	$130,500	$145	73
37100 8th Ave	0.09mi	2/2.0	960 (+14%)	1mo	$138,000	$144	72
37229 Sandra Ave	0.24mi	2/2.0	931 (+11%)	1mo	$106,900	$115	70
37031 Karen Ave	0.08mi	2/1.5	720 (-14%)	1mo	$92,000	$128	69
5722 Pawnne St	0.53mi	2/2.0	869 (+3%)	4mo	$48,500	$56	67
36801 Judee Dr	0.74mi	2/2.0	864 (+3%)	1mo	$159,900	$185	60
5250 Betmar Dr	0.35mi	3/1.5 (+1)	936 (+11%)	3mo	$143,000	$153	55
5341 Powhattan St	0.47mi	2/2.0	960 (+14%)	3mo	$170,000	$177	52
5619 Dakota St	0.62mi	2/2.0	960 (+14%)	3mo	$175,000	$182	46
37350 Tropical Dr	0.48mi	3/1.5 (+1)	964 (+14%)	3mo	$54,000	$56	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.67×
• Total profit: $-11,233
• Equity at exit: $18,340

10-year hold

• IRR: -5.2%
• Equity multiple: 0.72×
• Total profit: $-9,793
• Equity at exit: $10,635

Cash invested: $34,440 (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 33542

• Home prices YoY: -20.6%
• Rents YoY: -3.6%
• Active inventory: 294
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,527 high
• Mortgage (P&I): −$645
• Tax from tax record: −$141 /mo · $1,693/yr
• Insurance: −$51
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$39
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $205

Break-even live

Break-even rent $1,268

Max offer price $123,000

Occupancy floor 82%

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: $30,750
• Closing costs: $3,690
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5168 Crooked Ln Zephyrhills, FL	2.0	1.0	600	$1,645	$2.74	22d	1	0.04mi
36801 Camelia Ct Zephyrhills, FL	2.0	2.0	864	$1,350	$1.56	24d	1	0.42mi
5521 Barbara St Zephyrhills, FL	2.0	2.0	1056	$1,800	$1.70	24d	1	0.46mi
37902 7th Ave Zephyrhills, FL	3.0	1.0	900	$1,775	$1.97	24d	1	0.92mi
36321 Stonewood Ln #103 Zephyrhills, FL	2.0	2.0	987	$1,525	$1.55	24d	1	1.01mi
5914 Willow Ridge Dr #101 Zephyrhills, FL	2.0	2.0	987	$1,500	$1.52	24d	1	1.01mi
4812 Coral St Zephyrhills, FL	1.0	1.0	856	$1,200	$1.40	20d	1	1.01mi
5237 1st St Zephyrhills, FL	3.0	1.0	964	$1,700	$1.76	24d	1	1.01mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	24d	1	1.02mi
4833 Royal Palm Dr Zephyrhills, FL	2.0	1.0	672	$1,090	$1.62	24d	1	1.02mi
4639 Coral St Zephyrhills, FL	2.0	2.0	1056	$1,250	$1.18	24d	1	1.05mi
5611 1st St Zephyrhills, FL	1.0	1.0	600	$1,095	$1.82	16d	1	1.05mi
37819 Alissa Dr Zephyrhills, FL	2.0	2.0	864	$1,450	$1.68	17d	1	1.07mi
35940 Inspiration Dr Zephyrhills, FL	1.0–3.0	1.0–2.0	1034	$1,694	$1.64	2d	21	1.07mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	1d	142	1.15mi
37925 Date Palm Dr Zephyrhills, FL	3.0	1.5	720	$1,300	$1.81	24d	1	1.16mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	24d	1	1.19mi
36009 Deer Creek Dr #104 Zephyrhills, FL	2.0	2.0	1029	$1,450	$1.41	24d	1	1.24mi
36015 Deer Creek Dr #202 Zephyrhills, FL	2.0	2.0	1062	$1,450	$1.37	24d	1	1.25mi
5441 6th St Zephyrhills, FL	2.0	1.0	1014	$1,650	$1.63	24d	1	1.25mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	1.35mi
4940 4th St Zephyrhills, FL	2.0	2.0	900	$1,350	$1.50	24d	1	1.36mi
5150 6th St Zephyrhills, FL	1.0	1.0	600	$925	$1.54	24d	1	1.39mi
5022 5th St Zephyrhills, FL	2.0	1.5	974	$1,595	$1.64	24d	1	1.39mi

HOA detail

• Monthly dues: $39 · $468/yr
• Likely covers: landscapingpool

Listing history 9 events

1. 2026-06-01
   days on market $123,000 Active 180 DOM
2. 2026-05-31
   days on market $123,000 Active 179 DOM
3. 2025-12-03
   listed $123,000 Active
4. 2025-10-06
   historical
5. 2025-07-02
   price $134,500
6. 2025-01-06
   listed $145,000 Active
7. 2018-01-16
   soldstatus $71,000 Sold 917-char remark

   Show marketing remark (917 chars)

   Now available on a great corner lot with St. Augustine grass and unique landscaping is this NEWLY remodeled 2BR 2 bath home. Features an open floorplan and split bedrooms. Expanded living room features a walk out screened porch and easy access to a large Florida room perfect for entertaining. Double doors allow the crowd or golf cart easy access. New furniture in the dining room and living room included. Buy today and we'll include the golf cart! Trane AC unit '11, metal roofover, New stove delivered today! LOW HOA FEE OF 282.00 A YEAR. Don't forget its near the 27 holes of golf, 2 swimming pools and hot tubs along with 3 clubhouses, a library, walking paths, Game rooms (Billiards, Table Tennis, Board Games) miniature golf, enclosed shuffleboard Courts, Tennis courts, pickleball courts, basketball court, Bocce courts and Bingo, and our NEW dog park. * Additional fees may apply * Call for an tour today!

8. 2018-01-01
   status Pending 917-char remark

   Show marketing remark (917 chars)

   Now available on a great corner lot with St. Augustine grass and unique landscaping is this NEWLY remodeled 2BR 2 bath home. Features an open floorplan and split bedrooms. Expanded living room features a walk out screened porch and easy access to a large Florida room perfect for entertaining. Double doors allow the crowd or golf cart easy access. New furniture in the dining room and living room included. Buy today and we'll include the golf cart! Trane AC unit '11, metal roofover, New stove delivered today! LOW HOA FEE OF 282.00 A YEAR. Don't forget its near the 27 holes of golf, 2 swimming pools and hot tubs along with 3 clubhouses, a library, walking paths, Game rooms (Billiards, Table Tennis, Board Games) miniature golf, enclosed shuffleboard Courts, Tennis courts, pickleball courts, basketball court, Bocce courts and Bingo, and our NEW dog park. * Additional fees may apply * Call for an tour today!

9. 2017-12-13
   listed $75,000 Active 917-char remark

   Show marketing remark (917 chars)

   Now available on a great corner lot with St. Augustine grass and unique landscaping is this NEWLY remodeled 2BR 2 bath home. Features an open floorplan and split bedrooms. Expanded living room features a walk out screened porch and easy access to a large Florida room perfect for entertaining. Double doors allow the crowd or golf cart easy access. New furniture in the dining room and living room included. Buy today and we'll include the golf cart! Trane AC unit '11, metal roofover, New stove delivered today! LOW HOA FEE OF 282.00 A YEAR. Don't forget its near the 27 holes of golf, 2 swimming pools and hot tubs along with 3 clubhouses, a library, walking paths, Game rooms (Billiards, Table Tennis, Board Games) miniature golf, enclosed shuffleboard Courts, Tennis courts, pickleball courts, basketball court, Bocce courts and Bingo, and our NEW dog park. * Additional fees may apply * Call for an tour today!

ⓘ 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: $1,693 · $141/mo
• Projected year-2 tax: $1,693 · $141/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 6/10 Major FEMA zone A · 68% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 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: $18,328
• − Mortgage interest: −$6,890
• − Property taxes: −$1,693
• − Insurance: −$2,118
• − Repairs & maintenance: −$1,466
• − Management: −$1,466
• − HOA: −$468
• − Depreciation: −$3,578
• Taxable income: $649
• Est. tax owed @ 24.0%: −$156
• After-tax cash flow: $2,305/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): 23,612
• Household income: $49,316
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 831.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 17% Two or more races 8% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 10%
• Common ancestry: Lithuanian 3% Romanian 2% Iranian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 12% 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: ▼ -81.25%
• Current HPI: 313.3993
• Rent YoY: ▼ -3.56%
• 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

+64.0% since first listed

7 events — show timeline

• 2025-12-03 Listed $123,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-02 Price Changed $134,500 Stellar MLS as Distributed by MLS Grid
• 2025-01-06 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2018-01-16 Sold (MLS) $71,000 Stellar MLS as Distributed by MLS Grid
• 2018-01-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-12-13 Listed $75,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+14.2%/yr

Latest (2025): $1,693 · +5.0% YoY. Source: county tax records.