38644 Remora Ave · Zephyrhills, FL 33542

$68,000

2 bd · 1.0 ba · 720 sqft · Manufactured public records · 181 Days on market

Built 1973 3,643 sqft lot Est $70k · at est. $110/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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.7/15.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to sunny Florida!! Come see this lovely home in Sleepy Hollow. A 55+ community where you OWN your land. You have a nice front porch on the right and a long carport with ELEC CAR hook up on the left. A metal shed at the end has room for lots of storage. This home comes fully furnished just pack your bags and move right in! The kitchen has lots of counter space with the dining room attached. A living room off on the side. Laundry is inside with a split bedroom floor plan. The Florida room is in the back of the home and walks out to the back yard. The A/C is 2022. Membrane Roof and some newer windows and flooring. This community offers a clubhouse, community pool, and a shuffleboard court. Plus the property's close proximity to local doctors, hospitals, and health organizations. With local movie theaters, fantastic dining options, and lots of shopping. Come see this one before it gets away!

Key facts

• Deep carport
• Split floor plan
• Florida room

Tags

• SPLIT FLOOR PLAN
• ADDED FAMILY ROOM
• FLORIDA ROOM
• DEEP CARPORT
• STORAGE SHED
• ELECTRIC VEHICLE HOOKUP

Property features AI

Finance

• Other: Total monthly association fees shown as $110; Total annual fees shown as $1,320
• Financial info: Lease restrictions apply; Annual taxes listed (not included per instructions)
• HOA & community: Part of Sleepy Hollow association; Monthly HOA $110; HOA includes pool, grounds maintenance and trash; Association recreation owned, clubhouse, deed restrictions; Buyer approval required; Golf carts allowed; Senior community; Pets allowed (cats and dogs)

Exterior

• Parking: Has carport (1 space)
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Single-wide mobile home; Residential property; One story; Home faces north; Entry level: One
• Construction: Membrane roof; Other construction materials; Other foundation details
• Exterior features: Paved road access; Lot approx. 0.08 acres (0.08 acre parcel); No waterfront

Interior

• Kitchen: Range; Refrigerator; Dishwasher not listed
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Split-bedroom layout; 5 total rooms
• Laundry & utility: Washer; Dryer; Laundry listed as 'Other' (unspecified location/features)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $68k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $60k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 3.7% in Zephyrhills — 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 72/100 on livability (#330 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, crime C-, amenities 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; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $470 of loan paydown is wiped out by about $2k 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 $19k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 181 days — a 12% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $16k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 181 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: 1.72% ✓
• Cap rate: 12.44%
• Cash-on-cash: 21.95%
• DSCR: 1.98
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $69,840
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
38641 Lansing Ave	0.02mi	2/1.0	672 (-7%)	2mo	$50,000	$74	86
38533 Ethel Ave	0.43mi	2/1.0	720 (0%)	1mo	$69,900	$97	79
6423 Ohio St	0.23mi	2/1.5	684 (-5%)	7mo	$75,000	$110	74
6343 Ohio St	0.26mi	2/1.5	672 (-7%)	2mo	$63,500	$94	73
39136 Flora Ave	0.49mi	2/2.0	720 (0%)	2mo	$66,500	$92	71
38755 New Jersey Ave	0.28mi	2/1.5	672 (-7%)	5mo	$75,000	$112	69
39053 Flora Ave	0.43mi	2/1.0	768 (+7%)	1mo	$142,500	$186	68
38541 Windflower Ave	0.12mi	2/1.0	825 (+15%)	4mo	$65,000	$79	67
39107 Hillcrest Dr	0.51mi	2/1.0	672 (-7%)	2mo	$77,000	$115	64
39239 Longview Ave	0.61mi	2/1.0	756 (+5%)	1mo	$127,000	$168	62
6349 20th St	0.35mi	2/1.0	644 (-11%)	6mo	$37,000	$57	61
38988 Stapley Cir	0.68mi	2/1.5	672 (-7%)	5mo	$50,000	$74	51

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: 10.8%
• Equity multiple: 1.41×
• Total profit: $7,819
• Equity at exit: $10,139

10-year hold

• IRR: 17.0%
• Equity multiple: 2.18×
• Total profit: $22,475
• Equity at exit: $5,879

Cash invested: $19,040 (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: 4.9×

Monthly cashflow live

• Estimated rent: $1,167 high
• Mortgage (P&I): −$357
• Tax from tax record: −$79 /mo · $950/yr
• Insurance: −$28
• HOA: −$110
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $348

Break-even live

Break-even rent $727

Max offer price $68,000

Occupancy floor 65%

Sensitivity live

Price	-10% $387	-5% $367	+0% $348	+5% $329	+10% $310
Rent	-10% $256	-5% $302	+0% $348	+5% $394	+10% $440
Rate	-1.0pp $382	-0.5pp $365	base $348	+0.5pp $331	+1.0pp $313

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	5d	1	0.24mi
39029 Kirkland Dr Zephyrhills, FL	1.0	1.0	500	$950	$1.90	24d	1	0.44mi
38706 Daughtery Rd Zephyrhills, FL	1.0	1.0	445	$974	$2.19	17d	2	0.47mi
6052 10th St Zephyrhills, FL	2.0	1.0	644	$1,200	$1.86	24d	1	0.55mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	24d	1	0.90mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	24d	1	1.06mi
5426 8th St #1 Zephyrhills, FL	1.0	1.0	432	$1,150	$2.66	24d	1	1.16mi
5611 1st St Zephyrhills, FL	1.0	1.0	600	$1,095	$1.82	17d	1	1.22mi
5600 Jennie St Zephyrhills, FL	2.0	2.0	730	$1,100	$1.51	24d	1	1.22mi
5548 Annette St Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	13d	1	1.24mi
5603 Eugene Dr Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	13d	1	1.26mi
5552 Annette St Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	24d	1	1.27mi
39041 Manor Dr Unit B Zephyrhills, FL	1.0	1.0	450	$1,000	$2.22	24d	1	1.28mi
5217 17th St Zephyrhills, FL	1.0	1.0	540	$1,050	$1.94	24d	1	1.35mi
5206 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.37mi
5208 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.37mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$1,100	$2.00	17d	1	1.37mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.37mi
6991 Fort King Rd Zephyrhills, FL	1.0	1.0	500	$899	$1.80	24d	1	1.38mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	2d	142	1.43mi
5150 6th St Zephyrhills, FL	1.0	1.0	600	$925	$1.54	24d	1	1.43mi

HOA detail

• Monthly dues: $110 · $1,320/yr
• Likely covers: pool

Listing history 18 events

1. 2026-06-18
   days on market $68,000 Active 181 DOM
2. 2026-06-17
   days on market $68,000 Active 180 DOM
3. 2026-06-16
   days on market $68,000 Active 179 DOM
4. 2026-06-15
   days on market $68,000 Active 178 DOM
5. 2026-06-13
   days on market $68,000 Active 176 DOM
6. 2026-06-09
   days on market $68,000 Active 172 DOM
7. 2026-06-08
   remarks 699-char remark
8. 2026-06-08
   days on market $68,000 Active 171 DOM
9. 2026-06-07
   days on market $68,000 Active 170 DOM
10. 2026-06-04
    days on market $68,000 Active 167 DOM
11. 2026-06-03
    days on market $68,000 Active 166 DOM
12. 2026-02-25
    price $68,000
13. 2025-12-16
    listed $84,500 Active
14. 2024-11-20
    soldstatus $77,000 Closed 908-char remark

    Show marketing remark (908 chars)

    Welcome to sunny Florida!! Come see this lovely home in Sleepy Hollow. A 55+ community where you OWN your land. You have a nice front porch on the right and a long carport with ELEC CAR hook up on the left. A metal shed at the end has room for lots of storage. This home comes fully furnished just pack your bags and move right in! The kitchen has lots of counter space with the dining room attached. A living room off on the side. Laundry is inside with a split bedroom floor plan. The Florida room is in the back of the home and walks out to the back yard. The A/C is 2022. Membrane Roof and some newer windows and flooring. This community offers a clubhouse, community pool, and a shuffleboard court. Plus the property's close proximity to local doctors, hospitals, and health organizations. With local movie theaters, fantastic dining options, and lots of shopping. Come see this one before it gets away!

15. 2024-11-09
    status Pending 908-char remark

    Show marketing remark (908 chars)

    Welcome to sunny Florida!! Come see this lovely home in Sleepy Hollow. A 55+ community where you OWN your land. You have a nice front porch on the right and a long carport with ELEC CAR hook up on the left. A metal shed at the end has room for lots of storage. This home comes fully furnished just pack your bags and move right in! The kitchen has lots of counter space with the dining room attached. A living room off on the side. Laundry is inside with a split bedroom floor plan. The Florida room is in the back of the home and walks out to the back yard. The A/C is 2022. Membrane Roof and some newer windows and flooring. This community offers a clubhouse, community pool, and a shuffleboard court. Plus the property's close proximity to local doctors, hospitals, and health organizations. With local movie theaters, fantastic dining options, and lots of shopping. Come see this one before it gets away!

16. 2024-10-29
    price $85,000 908-char remark

    Show marketing remark (908 chars)

    Welcome to sunny Florida!! Come see this lovely home in Sleepy Hollow. A 55+ community where you OWN your land. You have a nice front porch on the right and a long carport with ELEC CAR hook up on the left. A metal shed at the end has room for lots of storage. This home comes fully furnished just pack your bags and move right in! The kitchen has lots of counter space with the dining room attached. A living room off on the side. Laundry is inside with a split bedroom floor plan. The Florida room is in the back of the home and walks out to the back yard. The A/C is 2022. Membrane Roof and some newer windows and flooring. This community offers a clubhouse, community pool, and a shuffleboard court. Plus the property's close proximity to local doctors, hospitals, and health organizations. With local movie theaters, fantastic dining options, and lots of shopping. Come see this one before it gets away!

17. 2024-06-01
    listed $89,000 Active 908-char remark

    Show marketing remark (908 chars)

    Welcome to sunny Florida!! Come see this lovely home in Sleepy Hollow. A 55+ community where you OWN your land. You have a nice front porch on the right and a long carport with ELEC CAR hook up on the left. A metal shed at the end has room for lots of storage. This home comes fully furnished just pack your bags and move right in! The kitchen has lots of counter space with the dining room attached. A living room off on the side. Laundry is inside with a split bedroom floor plan. The Florida room is in the back of the home and walks out to the back yard. The A/C is 2022. Membrane Roof and some newer windows and flooring. This community offers a clubhouse, community pool, and a shuffleboard court. Plus the property's close proximity to local doctors, hospitals, and health organizations. With local movie theaters, fantastic dining options, and lots of shopping. Come see this one before it gets away!

18. 2009-10-01
    soldstatus $25,000

ⓘ 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: $950 · $79/mo
• Projected year-2 tax: $950 · $79/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 X (unshaded) · 71% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 22 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: $14,009
• − Mortgage interest: −$3,809
• − Property taxes: −$950
• − Insurance: −$340
• − Repairs & maintenance: −$1,121
• − Management: −$1,121
• − HOA: −$1,320
• − Depreciation: −$1,978
• Taxable income: $3,371
• Est. tax owed @ 24.0%: −$809
• After-tax cash flow: $3,369/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

• Score: 72/100
• State rank: #330
• US rank: #5760

Category grades

Amenities F 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: Zephyrhills, FL
• County: Pasco County · 524,098 people
• City population: 48,266
• 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

+172.0% since first listed

7 events — show timeline

• 2026-02-25 Price Changed $68,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-16 Listed $84,500 Stellar MLS as Distributed by MLS Grid
• 2024-11-20 Sold (MLS) $77,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-29 Price Changed $85,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-01 Listed $89,000 Stellar MLS as Distributed by MLS Grid
• 2009-10-01 Sold (Public Records) $25,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $950 · -23.3% YoY. Source: county tax records.