35101 Condominium Blvd · Zephyrhills West, FL 33541

$132,000

2 bd · 1.0 ba · 396 sqft · Manufactured public records · 218 Days on market

Built 1986 3,156 sqft lot Est $91k · 46% 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 +26.0/30.0
• DSCR +8.8/10.0
• 1% rule +6.6/10.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Must See this light and bright affordable updated spacious home in 55+ resort style gated community, American Condominium Zephyrhills park. No lot rent, you own your land! Don't let the square footage fool you. The open floor plan is very roomy . Home has a concrete slab addition with a split bedroom plan. Why shovel snow, when you can bask in the Florida sunshine on your front porch enjoying a cup a tea or coffee. Pet friendly park full of activities. All the big ticket items have been done for you, new A/C, newer roof, and gray pipes replaced. New kitchen, bathroom, flooring & freshly painted. Truly move in ready. Park your RV and golf cart at your house and bring your dog! The community is very active with poker night, bingo, movies, crafting, wine tasting and even dinners. Enjoy the heated pool and hot tub all year around. Play shuffleboard, tennis, pickleball or just take a relaxing stroll by the lake and gazebo park. close to shopping centers, outlet mall and state of the art hospitals. Schedule your private viewing today, this home will not disappoint.

Key facts

• Gated community
• Dog park
• Clubhouse

Tags

• GATED COMMUNITY
• DOG PARK
• CLUBHOUSE
• SHUFFLEBOARD
• TENNIS COURT
• PICKLEBALLS COURT

Property features AI

Exterior

• Home design: House; Single-story (based on living area and property type)
• Construction: 660 sq ft living area
• Exterior features: Lot approximately 3,156 sq ft

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $132k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $132k).
• Recommended offer: $116k (12.0% below list) — sets the bar for market timing.

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: amenities F, commute F, employment 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.
• Zoned schools: New River Elementary School (math 36% / reading 42%, grade F, #1,560 of 2,144 statewide, top 73%, 721 students, 57% FRL); Raymond B. Stewart Middle School (math 33% / reading 30%, grade F, #453 of 571 statewide, top 81%, 988 students, 77% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 68% FRL vs 48% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-16 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.5%/yr); 862 active listings in the ZIP; 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 32% of the median local income ($57k/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 $913 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 218 days — a 12% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 218 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.16% ✓
• Cap rate: 9.28%
• Cash-on-cash: 10.68%
• DSCR: 1.48
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $90,684
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35152 Dodie	0.11mi	1/1.0 (-1)	432 (+9%)	5mo	$98,900	$229	70

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: -3.7%
• Equity multiple: 0.87×
• Total profit: $-4,925
• Equity at exit: $19,682

10-year hold

• IRR: 2.3%
• Equity multiple: 1.15×
• Total profit: $5,372
• Equity at exit: $11,413

Cash invested: $36,960 (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 33541

• Home prices YoY: -15.2%
• Rents YoY: -2.5%
• Active inventory: 862
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,529 medium
• Mortgage (P&I): −$692
• Tax from tax record: −$132 /mo · $1,584/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $329

Break-even live

Break-even rent $1,113

Max offer price $132,000

Occupancy floor 74%

Sensitivity live

Price	-10% $404	-5% $366	+0% $329	+5% $291	+10% $254
Rent	-10% $208	-5% $268	+0% $329	+5% $389	+10% $450
Rate	-1.0pp $395	-0.5pp $362	base $329	+0.5pp $295	+1.0pp $260

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: $33,000
• Closing costs: $3,960
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $132,000 Active 218 DOM
2. 2026-06-17
   days on market $132,000 Active 217 DOM
3. 2026-06-16
   days on market $132,000 Active 216 DOM
4. 2026-06-15
   days on market $132,000 Active 215 DOM
5. 2026-06-13
   days on market $132,000 Active 213 DOM
6. 2026-06-09
   days on market $132,000 Active 209 DOM
7. 2026-06-08
   days on market $132,000 Active 208 DOM
8. 2026-06-07
   days on market $132,000 Active 207 DOM
9. 2026-06-04
   days on market $132,000 Active 204 DOM
10. 2026-06-03
    days on market $132,000 Active 203 DOM
11. 2026-06-02
    days on market $132,000 Active 202 DOM
12. 2026-06-01
    days on market $132,000 Active 201 DOM
13. 2026-05-31
    days on market $132,000 Active 200 DOM
14. 2025-11-12
    listed $132,000 Active
15. 2024-03-28
    soldstatus $122,000
16. 2024-03-22
    soldstatus $122,000 Closed 1082-char remark

    Show marketing remark (1082 chars)

    Must See this light and bright affordable updated spacious home in 55+ resort style gated community, American Condominium Zephyrhills park. No lot rent, you own your land! Don't let the square footage fool you. The open floor plan is very roomy . Home has a concrete slab addition with a split bedroom plan. Why shovel snow, when you can bask in the Florida sunshine on your front porch enjoying a cup a tea or coffee. Pet friendly park full of activities. All the big ticket items have been done for you, new A/C, newer roof, and gray pipes replaced. New kitchen, bathroom, flooring & freshly painted. Truly move in ready. Park your RV and golf cart at your house and bring your dog! The community is very active with poker night, bingo, movies, crafting, wine tasting and even dinners. Enjoy the heated pool and hot tub all year around. Play shuffleboard, tennis, pickleball or just take a relaxing stroll by the lake and gazebo park. close to shopping centers, outlet mall and state of the art hospitals. Schedule your private viewing today, this home will not disappoint.

17. 2024-03-19
    status Pending 1082-char remark

    Show marketing remark (1082 chars)

    Must See this light and bright affordable updated spacious home in 55+ resort style gated community, American Condominium Zephyrhills park. No lot rent, you own your land! Don't let the square footage fool you. The open floor plan is very roomy . Home has a concrete slab addition with a split bedroom plan. Why shovel snow, when you can bask in the Florida sunshine on your front porch enjoying a cup a tea or coffee. Pet friendly park full of activities. All the big ticket items have been done for you, new A/C, newer roof, and gray pipes replaced. New kitchen, bathroom, flooring & freshly painted. Truly move in ready. Park your RV and golf cart at your house and bring your dog! The community is very active with poker night, bingo, movies, crafting, wine tasting and even dinners. Enjoy the heated pool and hot tub all year around. Play shuffleboard, tennis, pickleball or just take a relaxing stroll by the lake and gazebo park. close to shopping centers, outlet mall and state of the art hospitals. Schedule your private viewing today, this home will not disappoint.

18. 2024-02-23
    price $127,000 1082-char remark

    Show marketing remark (1082 chars)

    Must See this light and bright affordable updated spacious home in 55+ resort style gated community, American Condominium Zephyrhills park. No lot rent, you own your land! Don't let the square footage fool you. The open floor plan is very roomy . Home has a concrete slab addition with a split bedroom plan. Why shovel snow, when you can bask in the Florida sunshine on your front porch enjoying a cup a tea or coffee. Pet friendly park full of activities. All the big ticket items have been done for you, new A/C, newer roof, and gray pipes replaced. New kitchen, bathroom, flooring & freshly painted. Truly move in ready. Park your RV and golf cart at your house and bring your dog! The community is very active with poker night, bingo, movies, crafting, wine tasting and even dinners. Enjoy the heated pool and hot tub all year around. Play shuffleboard, tennis, pickleball or just take a relaxing stroll by the lake and gazebo park. close to shopping centers, outlet mall and state of the art hospitals. Schedule your private viewing today, this home will not disappoint.

19. 2024-01-19
    price $127,500 1082-char remark

    Show marketing remark (1082 chars)

    Must See this light and bright affordable updated spacious home in 55+ resort style gated community, American Condominium Zephyrhills park. No lot rent, you own your land! Don't let the square footage fool you. The open floor plan is very roomy . Home has a concrete slab addition with a split bedroom plan. Why shovel snow, when you can bask in the Florida sunshine on your front porch enjoying a cup a tea or coffee. Pet friendly park full of activities. All the big ticket items have been done for you, new A/C, newer roof, and gray pipes replaced. New kitchen, bathroom, flooring & freshly painted. Truly move in ready. Park your RV and golf cart at your house and bring your dog! The community is very active with poker night, bingo, movies, crafting, wine tasting and even dinners. Enjoy the heated pool and hot tub all year around. Play shuffleboard, tennis, pickleball or just take a relaxing stroll by the lake and gazebo park. close to shopping centers, outlet mall and state of the art hospitals. Schedule your private viewing today, this home will not disappoint.

20. 2024-01-04
    listed $129,000 Active 1082-char remark

    Show marketing remark (1082 chars)

    Must See this light and bright affordable updated spacious home in 55+ resort style gated community, American Condominium Zephyrhills park. No lot rent, you own your land! Don't let the square footage fool you. The open floor plan is very roomy . Home has a concrete slab addition with a split bedroom plan. Why shovel snow, when you can bask in the Florida sunshine on your front porch enjoying a cup a tea or coffee. Pet friendly park full of activities. All the big ticket items have been done for you, new A/C, newer roof, and gray pipes replaced. New kitchen, bathroom, flooring & freshly painted. Truly move in ready. Park your RV and golf cart at your house and bring your dog! The community is very active with poker night, bingo, movies, crafting, wine tasting and even dinners. Enjoy the heated pool and hot tub all year around. Play shuffleboard, tennis, pickleball or just take a relaxing stroll by the lake and gazebo park. close to shopping centers, outlet mall and state of the art hospitals. Schedule your private viewing today, this home will not disappoint.

21. 2023-12-31
    historical
22. 2023-12-05
    price $133,500
23. 2023-11-02
    price $134,500
24. 2023-05-28
    price $137,500
25. 2023-05-11
    listed $139,900 Active
26. 2023-01-10
    soldstatus $50,000

ⓘ 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: $1,584 · $132/mo
• Projected year-2 tax: $1,584 · $132/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,350
• − Mortgage interest: −$7,394
• − Property taxes: −$1,584
• − Insurance: −$660
• − Repairs & maintenance: −$1,468
• − Management: −$1,468
• − Depreciation: −$3,840
• Taxable income: $1,936
• Est. tax owed @ 24.0%: −$465
• After-tax cash flow: $3,481/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

• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 24,654
• Household income: $56,579
• Rent vs Own: 14.0% rent · 86.0% own
• Severe rent burden: 393.0

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 (72%)
• Race & ethnicity: White 72% Hispanic / Latino 15% Two or more races 8% Black 5% Asian 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 9%
• Common ancestry: Lithuanian 4% Romanian 3% Serbian 3%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 9% Tagalog/Filipino 1% Other Asian/Pacific 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: ▼ -55.21%
• Current HPI: 308.0619
• Rent YoY: ▼ -2.51%
• 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

+164.0% since first listed

13 events — show timeline

• 2025-11-12 Listed $132,000 ForSaleByOwner.com
• 2024-03-28 Sold (Public Records) $122,000 Public Records
• 2024-03-22 Sold (MLS) $122,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-02-23 Price Changed $127,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-19 Price Changed $127,500 Stellar MLS as Distributed by MLS Grid
• 2024-01-04 Listed $129,000 Stellar MLS as Distributed by MLS Grid
• 2023-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-12-05 Price Changed $133,500 Stellar MLS as Distributed by MLS Grid
• 2023-11-02 Price Changed $134,500 Stellar MLS as Distributed by MLS Grid
• 2023-05-28 Price Changed $137,500 Stellar MLS as Distributed by MLS Grid
• 2023-05-11 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2023-01-10 Sold (Public Records) $50,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $1,584 · -0.2% YoY. Source: county tax records.