5713 Columbia Dr · Elfers, FL 34652

$109,000

2 bd · 2.0 ba · 480 sqft · Manufactured public records · 95 Days on market

Built 1973 3,920 sqft lot

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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 +7.6/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Back on the market with a New Improved Price! Spacious remodeled mobile home with pride of ownership. NO HOA. NO LOT RENT. This 2-bed, 1-bath, 700 Sq Ft home sits on a 0.12 acres lot in a quiet neighborhood, offering comfort and convenience. Step into a bright, open living space filled with natural light from large windows, perfect for relaxing or entertaining. The primary bedroom has brand new carpet and the second bedroom is generously sized for guests or family. A large carport porch adds versatile living space, ideal for extra storage, or a cozy entertainment area. Enjoy the oversized fenced backyard with plenty of room for outdoor activities. New flooring in all the rooms. Centrally lo

Key facts

• Carport
• Storage shed
• Brand new cabinets

Tags

• REMODELED HOME
• LUXURY VINYL PLANK FLOORING
• BRAND NEW CABINETS
• FULLY FENCED YARD
• CARPORT
• STORAGE SHED

Property features AI

Exterior

• Parking: Attached covered carport with 3 carport spaces
• Utilities: Public water; Sewer connected; Septic tank; Electricity connected; Cable available; Natural gas not available; Water connected
• Home design: Mobile home (residential); Entry level information not provided
• Construction: Vinyl siding
• Exterior features: Cleared lot

Interior

• Kitchen: Electric range; Microwave; Refrigerator; Electric water heater
• Bedrooms: 3 total rooms (includes bedrooms and other rooms)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Electric water heater; Microwave; Refrigerator; Electric range
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $109k.

Deal economics

• At list price, monthly cash flow is $381 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $99k (9.0% 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 flat; 635 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 $754 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 95 days — a 9% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $6k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $43k; list at $109k implies a 156% 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,190 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.26% ✓
• Cap rate: 10.49%
• Cash-on-cash: 14.97%
• DSCR: 1.67
• GRM: 6.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.72% rent growth · sell at horizon

5-year hold

• IRR: 3.1%
• Equity multiple: 1.12×
• Total profit: $3,513
• Equity at exit: $16,252

10-year hold

• IRR: 10.4%
• Equity multiple: 1.73×
• Total profit: $22,213
• Equity at exit: $9,424

Cash invested: $30,520 (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 34652

• Home prices YoY: -26.1%
• Rents YoY: 0.7%
• Active inventory: 635
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,368 medium
• Mortgage (P&I): −$572
• Tax from tax record: −$83 /mo · $996/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $381

Break-even live

Break-even rent $886

Max offer price $109,000

Occupancy floor 67%

Sensitivity live

Price	-10% $443	-5% $412	+0% $381	+5% $350	+10% $319
Rent	-10% $273	-5% $327	+0% $381	+5% $435	+10% $489
Rate	-1.0pp $436	-0.5pp $409	base $381	+0.5pp $353	+1.0pp $324

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6012 12th Ave New Port Richey, FL	1.0	1.0	318	$1,000	$3.14	24d	1	0.40mi
5149 Tangelo Dr Apt B New Port Richey, FL	1.0	1.0	350	$1,195	$3.41	24d	1	0.88mi

Listing history 16 events

1. 2026-06-09
   status $109,000 Pending 95 DOM
2. 2026-06-08
   days on market $109,000 Active 95 DOM
3. 2026-06-07
   days on market $109,000 Active 94 DOM
4. 2026-06-04
   days on market $109,000 Active 91 DOM
5. 2026-06-03
   days on market $109,000 Active 90 DOM
6. 2026-06-02
   days on market $109,000 Active 89 DOM
7. 2026-06-01
   days on market $109,000 Active 88 DOM
8. 2026-05-31
   days on market $109,000 Active 87 DOM
9. 2026-05-12
   status Active
10. 2026-03-27
    status Pending
11. 2026-03-21
    price $109,000
12. 2026-02-27
    price $110,000
13. 2026-02-23
    price $110,500
14. 2026-02-23
    price $10,500
15. 2026-01-18
    listed $115,000 Active
16. 2018-08-02
    soldstatus $42,600

ⓘ 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: $996 · $83/mo
• Projected year-2 tax: $996 · $83/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 28 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: $16,419
• − Mortgage interest: −$6,106
• − Property taxes: −$996
• − Insurance: −$545
• − Repairs & maintenance: −$1,314
• − Management: −$1,314
• − Depreciation: −$3,171
• Taxable income: $2,974
• Est. tax owed @ 24.0%: −$714
• After-tax cash flow: $3,857/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): 27,444
• Household income: $56,931
• Rent vs Own: 36.4% rent · 63.6% own
• Severe rent burden: 1190.0

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 (78%)
• Race & ethnicity: White 78% Hispanic / Latino 13% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 9% · Canada
• Languages at home: 87% English-only · Spanish 9% 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: ▼ -109.49%
• Current HPI: 310.8347
• Rent YoY: ▲ 0.72%
• 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

+155.9% since first listed

8 events — show timeline

• 2026-05-12 Relisted — HCAR
• 2026-03-27 Pending — HCAR
• 2026-03-21 Price Changed $109,000 HCAR
• 2026-02-27 Price Changed $110,000 HCAR
• 2026-02-23 Price Changed $110,500 HCAR
• 2026-02-23 Price Changed $10,500 HCAR
• 2026-01-18 Listed $115,000 HCAR
• 2018-08-02 Sold (Public Records) $42,600 Public Records

Property tax history

+7.2%/yr

Latest (2025): $996 · +7.2% YoY. Source: county tax records.