3405 Lanark Dr · Elfers, FL 34690

$99,000

2 bd · 2.0 ba · 792 sqft · Manufactured public records · 152 Days on market

Built 1973 4,500 sqft lot Est $116k · 15% under $143/mo HOA · 9% 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 +14.2/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Looking for a winter get-away, don't want to deal with moving all your furnishing? Then see this move-in-ready fully furnished home, right down to housewares. Owned by one family since construction. Why would you rent a lot elsewhere if you could OWN YOUR LAND in Tanglewood Mobile Village? Perfect as a Florida vacation home or a year-round residence in a very active 55+ community with year-round heated pool, low monthly HOA ($143.00) that provides lawn care, trash removal, clubhouse, shuffleboard, and many community activities. No Rentals are allowed, so the community stays private and settled. Features two bedrooms, two baths (one having a walk-in shower) combination of laminate floors, an

Key facts

• Trash removal
• Low monthly hoa
• Own your land

Tags

• FULLY FURNISHED HOME
• OWN YOUR LAND
• YEAR ROUND HEATED POOL
• LOW MONTHLY HOA
• LAWN CARE
• TRASH REMOVAL

Property features AI

Finance

• Other: Property type: Residential (mobile home); Property subtype: Mobile Home; Body type: Single wide; Zoning: RMH; Lot features include landscaped, level, near public transit, paved, in-county, and private maintained road; Lot dimensions approximately 50 x 90 with mature landscaping
• Financial info: Total annual fees $1,716; Total monthly fees $143
• HOA & community: HOA managed by Qualified Management; Monthly HOA fee of $143; HOA covers common area taxes, pool, escrow reserves, grounds maintenance, management, private road, recreational facilities, and trash; Community clubhouse and recreation facilities (pool, shuffleboard court); Association has deed restrictions, maintenance, vehicle restrictions, lobby key requirement, wheelchair access, and fence restrictions; Buyer approval required; Senior community; Street lights and sidewalks; No Truck/RV/Motorcycle parking; Golf carts permitted; Pets allowed with restrictions (cats and dogs OK, breed restrictions, max pet weight 25 lbs)

Exterior

• Parking: Deeded parking; Driveway; Ground-level parking; Parking pad; Tandem parking; 2-car carport
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable connected; Underground utilities
• Home design: Residential mobile home (single wide); One level; Faces east; Completed condition
• Construction: Other construction materials; Other roof; Crawlspace foundation; Built on a crawl space
• Exterior features: Exterior lighting; Private mailbox; Sidewalk; Shed(s); Heated pool

Interior

• Kitchen: Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Concrete; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans
• 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 $99k.

Deal economics

• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.3% 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; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 40% 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 $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 ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 152 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $45k; list at $99k implies a 120% 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→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 152 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 1973 — 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: 1.68% ✓
• Cap rate: 12.28%
• Cash-on-cash: 21.37%
• DSCR: 1.95
• GRM: 5.0

CMA / ARV

• ARV (on-the-fly): $116,424
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3415 Chatford Dr	0.12mi	2/1.5	768 (-3%)	4mo	$103,000	$134	84
3330 Chatford Dr	0.11mi	2/2.0	840 (+6%)	13mo	$113,000	$135	74
3241 Channing Dr	0.14mi	2/1.0	720 (-9%)	14mo	$97,000	$135	63
4715 Burney Dr	0.29mi	2/2.0	864 (+9%)	12mo	$132,000	$153	61
4920 Sherrell Dr	0.21mi	2/2.0	864 (+9%)	18mo	$127,000	$147	60
4735 Burney Dr	0.26mi	2/2.0	896 (+13%)	13mo	$135,000	$151	56

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: 10.1%
• Equity multiple: 1.38×
• Total profit: $10,641
• Equity at exit: $14,761

10-year hold

• IRR: 16.3%
• Equity multiple: 2.13×
• Total profit: $31,378
• 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 34690

• Home prices YoY: -22.4%
• Rents YoY: -2.5%
• Active inventory: 131
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,661 high
• Mortgage (P&I): −$519
• Tax from tax record: −$115 /mo · $1,384/yr
• Insurance: −$41
• HOA: −$143
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $494

Break-even live

Break-even rent $1,036

Max offer price $99,000

Occupancy floor 65%

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3511 Cambridge St New Port Richey, FL	2.0	2.0	936	$2,100	$2.24	5d	1	0.10mi
3433 Monticello St Holiday, FL	3.0	1.5	960	$1,650	$1.72	24d	1	0.19mi
5232 Sparrow Dr Holiday, FL	2.0	1.0	976	$1,975	$2.02	24d	1	0.34mi
3029 Corona Dr Holiday, FL	3.0	2.0	894	$1,950	$2.18	5d	1	0.69mi
4124 Flamingo Dr New Port Richey, FL	3.0	1.0	744	$1,500	$2.02	15d	1	0.71mi
4124 Flamingo Dr New Port Richey, FL	3.0	1.0	744	$1,500	$2.02	3d	1	0.71mi
5020 Vickers Dr New Port Richey, FL	2.0	1.0	863	$1,550	$1.80	5d	1	0.73mi
5606 Mirada Dr Holiday, FL	2.0	1.0	864	$1,550	$1.79	15d	1	0.75mi
4723 Aegean Ave Holiday, FL	2.0	1.0	1000	$1,636	$1.64	5d	1	0.81mi
2552 Chancery Dr Holiday, FL	2.0	1.0	816	$1,595	$1.95	24d	1	0.85mi
2610 Templewood Dr Holiday, FL	3.0	1.0	1056	$1,800	$1.70	5d	1	0.85mi
3439 Clydesdale Dr Holiday, FL	2.0	1.0	968	$1,395	$1.44	5d	1	0.86mi
4348 Plaza Dr Holiday, FL	1.0–2.0	1.0–2.0	860	$1,499	$1.74	2d	9	0.89mi
2509 Sweetwood Dr Holiday, FL	2.0	1.0	988	$1,650	$1.67	18d	1	0.94mi
4133 Grayton Dr New Port Richey, FL	2.0	1.5	1068	$1,727	$1.62	5d	1	0.95mi
4205 Jordana Way Holiday, FL	1.0–3.0	1.0–2.0	1027	$1,404	$1.37	2d	13	0.97mi
4209 Touchton Pl New Port Richey, FL	1.0	1.0	624	$1,300	$2.08	16d	1	1.00mi
4221 Touchton Pl New Port Richey, FL	2.0	2.0	888	$1,300	$1.46	24d	1	1.02mi
4518 Audrey Ln Unit 4551 New Port Richey, FL	2.0	1.0	750	$1,295	$1.73	22d	1	1.12mi
4823 Longwood Ave Holiday, FL	3.0	1.0	1122	$1,800	$1.60	5d	1	1.13mi
4540 Audrey Ln New Port Richey, FL	2.0	1.0	750	$1,150	$1.53	24d	1	1.15mi
4551 Audrey Ln NEW PRT RCHY, FL	2.0	1.0	750	$1,295	$1.73	22d	1	1.15mi
4540 Irene Loop New Port Richey, FL	2.0	1.0	768	$1,550	$2.02	24d	1	1.15mi
4529 Audrey Ln New Port Richey, FL	2.0	1.0	750	$1,295	$1.73	22d	1	1.15mi
4548 Belfast Dr New Port Richey, FL	3.0	1.0	1075	$1,575	$1.47	18d	1	1.16mi
4358 Tahitian Gardens Cir Holiday, FL	1.0	1.0	600	$1,350	$2.25	15d	1	1.18mi
4358 Tahitian Gardens Cir Unit G Holiday, FL	1.0	1.0	600	$1,350	$2.25	24d	1	1.18mi
4408 Rustic Dr New Port Richey, FL	2.0	1.0	1101	$1,500	$1.36	24d	1	1.18mi
4211 Hampton Dr New Port Richey, FL	2.0	2.0	1050	$1,795	$1.71	5d	1	1.20mi
4356 Tahitian Gardens Cir Unit C Holiday, FL	2.0	1.0	825	$1,350	$1.64	24d	1	1.20mi
5844 Sunshine Park Dr New Port Richey, FL	3.0	1.0	672	$1,100	$1.64	2d	1	1.20mi
4365 Tahitian Gardens Cir Unit C Holiday, FL	2.0	1.0	825	$1,400	$1.70	24d	1	1.20mi
4411 Rustic Dr Unit 1 New Port Richey, FL	2.0	2.0	1050	$1,450	$1.38	12d	1	1.21mi
3516 Sheryl Hill Dr Holiday, FL	2.0	2.0	848	$1,595	$1.88	24d	1	1.21mi
4354 Tahitian Gardens Cir Unit F Holiday, FL	2.0	1.0	825	$1,500	$1.82	24d	1	1.23mi
4616 Irene Loop New Port Richey, FL	2.0	1.0	898	$1,600	$1.78	20d	1	1.23mi
4721 Naftis Ln New Port Richey, FL	3.0	2.0	1104	$1,700	$1.54	12d	1	1.26mi
4318 Tahitian Gardens Cir Unit B Holiday, FL	1.0	1.0	576	$1,200	$2.08	24d	1	1.26mi
4313 Tahitian Gardens Cir Unit C Holiday, FL	2.0	1.5	825	$1,300	$1.58	15d	1	1.27mi
4351 Tahitian Gardens Cir Holiday, FL	2.0	1.0	825	$1,150	$1.39	24d	1	1.28mi

HOA detail

• Monthly dues: $143 · $1,716/yr
• Likely covers: trashlandscapingpool

Listing history 16 events

1. 2026-06-18
   days on market $99,000 Active 152 DOM
2. 2026-06-17
   days on market $99,000 Active 151 DOM
3. 2026-06-16
   days on market $99,000 Active 150 DOM
4. 2026-06-15
   days on market $99,000 Active 149 DOM
5. 2026-06-13
   days on market $99,000 Active 147 DOM
6. 2026-06-09
   days on market $99,000 Active 143 DOM
7. 2026-06-08
   days on market $99,000 Active 142 DOM
8. 2026-06-07
   days on market $99,000 Active 141 DOM
9. 2026-06-04
   days on market $99,000 Active 138 DOM
10. 2026-06-03
    days on market $99,000 Active 137 DOM
11. 2026-06-02
    days on market $99,000 Active 136 DOM
12. 2026-06-01
    days on market $99,000 Active 135 DOM
13. 2026-05-31
    days on market $99,000 Active 134 DOM
14. 2026-01-18
    price $99,000
15. 2026-01-17
    listed $90,000 Active
16. 2006-05-22
    soldstatus $45,000

ⓘ 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: $1,384 · $115/mo
• Projected year-2 tax: $1,384 · $115/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 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: $19,936
• − Mortgage interest: −$5,546
• − Property taxes: −$1,384
• − Insurance: −$495
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − HOA: −$1,716
• − Depreciation: −$2,880
• Taxable income: $4,726
• Est. tax owed @ 24.0%: −$1,134
• After-tax cash flow: $4,790/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

+120.0% since first listed

3 events — show timeline

• 2026-01-18 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-17 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2006-05-22 Sold (Public Records) $45,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $1,384 · +4.9% YoY. Source: county tax records.