7604 Moffitt Rd · Land O' Lakes, FL 34638

$245,000

3 bd · 2.0 ba · 1,372 sqft · Manufactured public records · 37 Days on market

Built 2022 Est $229k · 7% over

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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 +25.5/30.0
• DSCR +8.5/10.0
• 1% rule +6.6/10.0
• ARV discount +4.4/15.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

Key facts

• Walk-in closet
• Open floorplan
• Spacious kitchen

Tags

• OPEN FLOORPLAN
• SPACIOUS KITCHEN
• BREAKFAST BAR
• WALK-IN CLOSET
• ENSUITE BATHROOM
• WALK-IN SHOWER

Property features AI

Finance

• Other:
• Financial info:
• HOA & community:

Exterior

• Parking:
• Security:
• Utilities:
• Home design: Single-family home built in 2022; 1,372 square feet of living area
• Construction: Built in 2022
• Exterior features: Located in the Cypress Bayou subdivision

Interior

• Kitchen:
• Bedrooms: Bedrooms: 3
• Flooring:
• Bathrooms: Bathrooms: 2
• Heating & cooling:
• Interior features: Open-concept living area
• Laundry & utility:

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $245k.

Deal economics

• At list price, monthly cash flow is $575 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $245k).
• Recommended offer: $238k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 3.7% in Land O' Lakes — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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 (-3.8%/yr); 712 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 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 $2k of loan paydown is wiped out by about $7k 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 37 days — a 3% lower offer ($238k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $237,650 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.16% ✓
• Cap rate: 9.11%
• Cash-on-cash: 10.07%
• DSCR: 1.45
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $229,124
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7618 Vine Street St	0.16mi	3/2.0	1,440 (+5%)	12mo	$240,000	$167	74
7428 Saint Johns Rd	0.24mi	3/2.0	1,248 (-9%)	4mo	$255,000	$204	70
19330 Twiggs St	0.43mi	3/2.0	1,488 (+8%)	13mo	$227,000	$153	55

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: -4.6%
• Equity multiple: 0.83×
• Total profit: $-11,329
• Equity at exit: $36,530

10-year hold

• IRR: 1.3%
• Equity multiple: 1.08×
• Total profit: $5,335
• Equity at exit: $21,183

Cash invested: $68,600 (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 34638

• Home prices YoY: -16.0%
• Rents YoY: -3.8%
• Active inventory: 712
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,834 medium
• Mortgage (P&I): −$1,285
• Tax from tax record: −$276 /mo · $3,317/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$595
• Net cashflow: $575

Break-even live

Break-even rent $2,105

Max offer price $245,000

Occupancy floor 75%

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7232 Broad River Ave Land O Lakes, FL	4.0	2.0	1828	$2,550	$1.39	24d	1	1.01mi
7232 Broad River Ave Land O Lakes, FL	4.0	2.0	1828	$2,550	$1.39	11d	1	1.01mi
20191 Sabal Palm Ct Land O' Lakes, FL	1.0–3.0	1.0–2.5	1404	$3,338	$2.38	3d	20	1.10mi
8710 Preston Woods Ct Land O Lakes, FL	3.0	2.0	1684	$2,850	$1.69	17d	1	1.26mi

Listing history 26 events

1. 2026-06-18
   days on market $245,000 Active 37 DOM
2. 2026-06-17
   days on market $245,000 Active 36 DOM
3. 2026-06-16
   days on market $245,000 Active 35 DOM
4. 2026-06-15
   days on market $245,000 Active 34 DOM
5. 2026-06-13
   days on market $245,000 Active 32 DOM
6. 2026-06-09
   days on market $245,000 Active 28 DOM
7. 2026-06-08
   days on market $245,000 Active 27 DOM
8. 2026-06-07
   days on market $245,000 Active 26 DOM
9. 2026-06-04
   days on market $245,000 Active 23 DOM
10. 2026-06-03
    days on market $245,000 Active 22 DOM
11. 2026-06-02
    days on market $245,000 Active 21 DOM
12. 2026-06-01
    days on market $245,000 Active 20 DOM
13. 2026-05-31
    days on market $245,000 Active 19 DOM
14. 2026-05-12
    listed $245,000 Active
15. 2023-04-17
    soldstatus $215,000
16. 2023-03-03
    soldstatus $215,000 Closed 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

17. 2023-02-06
    status Pending 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

18. 2023-01-17
    price $249,900 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

19. 2023-01-04
    status Active 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

20. 2023-01-04
    price $254,900 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

21. 2022-08-11
    price $265,000 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

22. 2022-07-22
    price $272,900 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

23. 2022-06-16
    listed $279,900 Active 619-char remark

    Show marketing remark (619 chars)

    One or more photo(s) has been virtually staged. Welcome to your brand NEW 3 bedrooms, 2 baths home with close commute to Tampa, shopping, restaurants and grocery stores! This property features an open floorplan with a spacious kitchen and a breakfast bar that opens to a bright and airy living room. There are 2 comfortable bedrooms and a large master bedroom with a walk-in closet and an ensuite bathroom offering a walk-in shower and double vanities. Outside you can Relax on your COVERED front porch and enjoy the . 34 acre lot and beautiful weather! USDA eligible! Other features include a NEW septic and NEW well!

24. 2021-06-20
    soldstatus $31,000 Closed 170-char remark

    Show marketing remark (170 chars)

    Large . 34 acre corner lot, well and septic are in place. Come with your plans to build a home or add a mobile home and start enjoying all that Land O Lakes has to offer.

25. 2021-05-21
    status Pending 170-char remark

    Show marketing remark (170 chars)

    Large . 34 acre corner lot, well and septic are in place. Come with your plans to build a home or add a mobile home and start enjoying all that Land O Lakes has to offer.

26. 2021-05-19
    listed $27,000 Active 170-char remark

    Show marketing remark (170 chars)

    Large . 34 acre corner lot, well and septic are in place. Come with your plans to build a home or add a mobile home and start enjoying all that Land O Lakes has to offer.

ⓘ 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: $3,317 · $276/mo
• Projected year-2 tax: $3,317 · $276/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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 26 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: $34,006
• − Mortgage interest: −$13,724
• − Property taxes: −$3,317
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,721
• − Management: −$2,721
• − Depreciation: −$7,127
• Taxable income: $3,173
• Est. tax owed @ 24.0%: −$761
• After-tax cash flow: $6,144/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 — Land O' Lakes

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 37,644
• Household income: $123,899
• Rent vs Own: 16.4% rent · 83.6% own
• Severe rent burden: 354.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Hispanic / Latino 25% Two or more races 16% Black 6% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 6% Cuban 4% Dominican 3%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 17% · Canada, Jamaica
• Languages at home: 76% English-only · Spanish 16% Other Indo-European 2% Arabic 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: ▼ -57.02%
• Current HPI: 299.2018
• Rent YoY: ▼ -3.78%
• 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

+807.4% since first listed

13 events — show timeline

• 2026-05-12 Listed $245,000 FSBO.com
• 2023-04-17 Sold (Public Records) $215,000 Public Records
• 2023-03-03 Sold (MLS) $215,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-01-17 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2023-01-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-01-04 Price Changed $254,900 Stellar MLS as Distributed by MLS Grid
• 2022-08-11 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-22 Price Changed $272,900 Stellar MLS as Distributed by MLS Grid
• 2022-06-16 Listed $279,900 Stellar MLS as Distributed by MLS Grid
• 2021-06-20 Sold (MLS) $31,000 Stellar MLS as Distributed by MLS Grid
• 2021-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-05-19 Listed $27,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+20.7%/yr

Latest (2025): $3,317 · +24.1% YoY. Source: county tax records.