7047 EL Matador St · Pasadena Hills, FL 33541

$115,000

2 bd · 2.0 ba · 888 sqft · Manufactured public records · 41 Days on market

Built 1984 3,442 sqft lot Est $105k · 10% over $114/mo HOA · 7% of rent

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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 +29.5/30.0
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• ARV discount +3.1/15.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Want a winter home? Check out this exceptional home in Spanish Trails 55+ community where you own your land! Located in a desirable area in the heart of the community with a low monthly fee of $75/month. This beautifully maintained 2br/2ba double wide offers exceptional kitchen, bright dining room, cozy living room, and screened in patio to enjoy the sunshine. Home has many upgrades and a desirable OPEN FLOOR PLAN that flows perfectly throughout. This magnificent home features laminate flooring, beautiful kitchen, New roof in 2013, newer A/C, new hot water tank, laundry off carport includes washer/dryer, outdoor covered patio, and beautifully decorated. Kitchen and dining room offers open great room feel, beautiful appliances, and laminates floors. Both bedrooms are bright and offer ample space. The master retreat offers step in shower, and large walk in closet. Second bedroom has ample storage and ceiling fan. Your low monthly fee gets you access to all the subdivision's amenities which includes access to heated pool, spa, club house and community functions. Two pets permitted with limits and trash pick-up covered in fee. Call for an appointment today.

Key facts

• Va loan approved
• Own the land
• Low hoa fee

Tags

• OWN THE LAND
• LOW HOA FEE
• VA LOAN APPROVED
• UPDATED LAMINATE FLOORING
• BEAUTIFULLY DESIGNED KITCHEN
• OPEN DINING AND LIVING AREA

Property features AI

Finance

• Other: Senior community; Pets allowed (cats and dogs with size limit)
• Financial info: Lease restrictions apply; Total annual fees listed as $1,368
• HOA & community: HOA with required approval; association amenities include gated entry, pool, recreation facilities, shuffleboard court, and spa/hot tub; Association fees billed monthly; condo/association fee listed as $114/month; Community features: association recreation (owned), deed restrictions, golf carts allowed, street lights, buyer approval required, special community restrictions, trash included

Exterior

• Parking: Covered carport with 2 spaces
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity connected/available; Cable connected; Phone available
• Home design: Manufactured double-wide home; Single-story; South-facing; Residential property in a gated community
• Construction: Vinyl siding; Membrane roof; Crawlspace foundation; Built as a double wide (manufactured)
• Exterior features: Covered patio and screened patio; Front covered porch; Hurricane shutters; Rain gutters; Outdoor storage; Private, level lot on paved road

Interior

• Kitchen: Range; Range hood; Microwave; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring; Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; Ceiling fans; Living room/dining room combo; Open floorplan; Window treatments (blinds, drapes, skylight)
• Laundry & utility: Washer and dryer included; Laundry room (outside)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $412 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 3.7% in Pasadena Hills — 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 63/100 on livability (#723 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: schools F, amenities F, commute 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 soft (-2.5%/yr); 856 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 33% 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 $795 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 41 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y 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.
• Current owner paid $69k; list at $115k implies a 67% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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: 1.35% ✓
• Cap rate: 10.60%
• Cash-on-cash: 15.37%
• DSCR: 1.68
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $104,784
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7117 EL Rancho Way #367	0.11mi	2/2.0	896 (+1%)	4mo	$118,000	$132	90
37843 Barcelona Ave	0.10mi	2/2.0	840 (-5%)	3mo	$99,000	$118	84
7133 EL Matador St	0.07mi	2/2.0	864 (-3%)	11mo	$79,000	$91	83
37648 Campo Ave	0.16mi	2/2.0	972 (+10%)	11mo	$114,000	$117	67

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: 2.6%
• Equity multiple: 1.10×
• Total profit: $3,119
• Equity at exit: $17,147

10-year hold

• IRR: 9.0%
• Equity multiple: 1.59×
• Total profit: $19,098
• Equity at exit: $9,943

Cash invested: $32,200 (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: 856
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,553 high
• Mortgage (P&I): −$603
• Tax from tax record: −$50 /mo · $594/yr
• Insurance: −$48
• HOA: −$114
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $412

Break-even live

Break-even rent $1,031

Max offer price $115,000

Occupancy floor 68%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37814 Daughtery Rd Zephyrhills, FL	2.0	1.0	1070	$1,395	$1.30	4d	1	0.14mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	24d	1	0.32mi
7660 Emerson Hill Cir Zephyrhills, FL	1.0–3.0	1.0–2.0	1077	$1,964	$1.82	1d	34	0.62mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	24d	1	0.74mi
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	24d	1	0.75mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	0.83mi
38485 County Road 54 Zephyrhills, FL	2.0	1.0	800	$1,100	$1.38	24d	1	0.88mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	1d	142	0.99mi
6052 10th St Zephyrhills, FL	2.0	1.0	644	$1,200	$1.86	24d	1	1.17mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	4d	1	1.23mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	24d	1	1.36mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	24d	1	1.38mi
8129 Cass Rd Zephyrhills, FL	1.0	1.0	540	$1,100	$2.04	24d	1	1.38mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	24d	1	1.41mi
39132 County Rd Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	24d	1	1.47mi
39132 County Road 54 #2184 Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	24d	1	1.48mi

HOA detail

• Monthly dues: $114 · $1,368/yr
• Likely covers: watertrashpool

Listing history 23 events

1. 2026-06-18
   days on market $115,000 Active 41 DOM
2. 2026-06-17
   days on market $115,000 Active 40 DOM
3. 2026-06-16
   days on market $115,000 Active 39 DOM
4. 2026-06-15
   days on market $115,000 Active 38 DOM
5. 2026-06-13
   days on market $115,000 Active 36 DOM
6. 2026-06-09
   days on market $115,000 Active 32 DOM
7. 2026-06-08
   days on market $115,000 Active 31 DOM
8. 2026-06-07
   days on market $115,000 Active 30 DOM
9. 2026-06-04
   days on market $115,000 Active 27 DOM
10. 2026-06-03
    days on market $115,000 Active 26 DOM
11. 2026-06-02
    days on market $115,000 Active 25 DOM
12. 2026-06-01
    days on market $115,000 Active 24 DOM
13. 2026-05-31
    days on market $115,000 Active 23 DOM
14. 2026-05-08
    listed $115,000 Active
15. 2018-06-22
    soldstatus $69,000
16. 2018-06-21
    soldstatus $69,000 Sold 1172-char remark

    Show marketing remark (1172 chars)

    Want a winter home? Check out this exceptional home in Spanish Trails 55+ community where you own your land! Located in a desirable area in the heart of the community with a low monthly fee of $75/month. This beautifully maintained 2br/2ba double wide offers exceptional kitchen, bright dining room, cozy living room, and screened in patio to enjoy the sunshine. Home has many upgrades and a desirable OPEN FLOOR PLAN that flows perfectly throughout. This magnificent home features laminate flooring, beautiful kitchen, New roof in 2013, newer A/C, new hot water tank, laundry off carport includes washer/dryer, outdoor covered patio, and beautifully decorated. Kitchen and dining room offers open great room feel, beautiful appliances, and laminates floors. Both bedrooms are bright and offer ample space. The master retreat offers step in shower, and large walk in closet. Second bedroom has ample storage and ceiling fan. Your low monthly fee gets you access to all the subdivision's amenities which includes access to heated pool, spa, club house and community functions. Two pets permitted with limits and trash pick-up covered in fee. Call for an appointment today.

17. 2018-06-04
    status Pending 1172-char remark

    Show marketing remark (1172 chars)

    Want a winter home? Check out this exceptional home in Spanish Trails 55+ community where you own your land! Located in a desirable area in the heart of the community with a low monthly fee of $75/month. This beautifully maintained 2br/2ba double wide offers exceptional kitchen, bright dining room, cozy living room, and screened in patio to enjoy the sunshine. Home has many upgrades and a desirable OPEN FLOOR PLAN that flows perfectly throughout. This magnificent home features laminate flooring, beautiful kitchen, New roof in 2013, newer A/C, new hot water tank, laundry off carport includes washer/dryer, outdoor covered patio, and beautifully decorated. Kitchen and dining room offers open great room feel, beautiful appliances, and laminates floors. Both bedrooms are bright and offer ample space. The master retreat offers step in shower, and large walk in closet. Second bedroom has ample storage and ceiling fan. Your low monthly fee gets you access to all the subdivision's amenities which includes access to heated pool, spa, club house and community functions. Two pets permitted with limits and trash pick-up covered in fee. Call for an appointment today.

18. 2018-05-25
    listed $69,900 Active 1172-char remark

    Show marketing remark (1172 chars)

    Want a winter home? Check out this exceptional home in Spanish Trails 55+ community where you own your land! Located in a desirable area in the heart of the community with a low monthly fee of $75/month. This beautifully maintained 2br/2ba double wide offers exceptional kitchen, bright dining room, cozy living room, and screened in patio to enjoy the sunshine. Home has many upgrades and a desirable OPEN FLOOR PLAN that flows perfectly throughout. This magnificent home features laminate flooring, beautiful kitchen, New roof in 2013, newer A/C, new hot water tank, laundry off carport includes washer/dryer, outdoor covered patio, and beautifully decorated. Kitchen and dining room offers open great room feel, beautiful appliances, and laminates floors. Both bedrooms are bright and offer ample space. The master retreat offers step in shower, and large walk in closet. Second bedroom has ample storage and ceiling fan. Your low monthly fee gets you access to all the subdivision's amenities which includes access to heated pool, spa, club house and community functions. Two pets permitted with limits and trash pick-up covered in fee. Call for an appointment today.

19. 2012-09-10
    soldstatus $42,000
20. 2012-09-07
    soldstatus $42,000 1531-char remark

    Show marketing remark (1531 chars)

    This property's owners have priced this comfortable home very attractively. You get a lot for the money. This furnished 2 bedroom/2 bath mobile home is in popular Spanish Trails Village which is NOT a rental park! The front of the home has an open floor plan with vaulted ceilings. There is an easy flow from the living room to the dining room to the kitchen. No cramped feeling here. Just through the sliding doors in the living room you have a wonderful screened patio where you can take full advantage of our mild Florida climate. At the back of the home are two spacious bedrooms. The master bedroom has a large walk-in closet and its own en-suite bathroom with an easy access shower. The guest room is also roomy and could also serve as a home office or extra TV room. Right next door is the hall bathroom with a tub/shower combo. Very convenient! As was mentioned, this home is being sold furnished and an inventory is available. Outside is a 2 car carport and a utility/laundry room with a washer and dryer. Even the lawnmower is included! Many of the windows have metal awnings to keep the sun at bay. For your low monthly fees you get access to the: clubhouse, social activities, swimming pool, whirlpool spa, sun terrace, shuffleboard courts, and regular trash collection. Spanish Trails is close to our hospital, supermarkets, restaurants, supercenters, doctors offices, theater, parks, etc. Call today for more information about this attractive home! You will be hard pressed to find "better value for money".

21. 2012-08-03
    listed $49,000 1531-char remark

    Show marketing remark (1531 chars)

    This property's owners have priced this comfortable home very attractively. You get a lot for the money. This furnished 2 bedroom/2 bath mobile home is in popular Spanish Trails Village which is NOT a rental park! The front of the home has an open floor plan with vaulted ceilings. There is an easy flow from the living room to the dining room to the kitchen. No cramped feeling here. Just through the sliding doors in the living room you have a wonderful screened patio where you can take full advantage of our mild Florida climate. At the back of the home are two spacious bedrooms. The master bedroom has a large walk-in closet and its own en-suite bathroom with an easy access shower. The guest room is also roomy and could also serve as a home office or extra TV room. Right next door is the hall bathroom with a tub/shower combo. Very convenient! As was mentioned, this home is being sold furnished and an inventory is available. Outside is a 2 car carport and a utility/laundry room with a washer and dryer. Even the lawnmower is included! Many of the windows have metal awnings to keep the sun at bay. For your low monthly fees you get access to the: clubhouse, social activities, swimming pool, whirlpool spa, sun terrace, shuffleboard courts, and regular trash collection. Spanish Trails is close to our hospital, supermarkets, restaurants, supercenters, doctors offices, theater, parks, etc. Call today for more information about this attractive home! You will be hard pressed to find "better value for money".

22. 1998-01-22
    soldstatus $38,500
23. 1997-06-09
    soldstatus $38,000

ⓘ 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: $594 · $50/mo
• Projected year-2 tax: $954 · $80/mo
• Expected delta: +$360/yr (+$30/mo · 60.6%)

ⓘ 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 · 24 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: $18,638
• − Mortgage interest: −$6,442
• − Property taxes: −$594
• − Insurance: −$575
• − Repairs & maintenance: −$1,491
• − Management: −$1,491
• − HOA: −$1,368
• − Depreciation: −$3,345
• Taxable income: $3,331
• Est. tax owed @ 24.0%: −$799
• After-tax cash flow: $4,150/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 — Pasadena Hills

• Score: 63/100
• State rank: #723
• US rank: #15499

Category grades

Amenities F Commute F Cost of living A- Crime A- Employment B+ Housing A+ Health & safety D- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pasadena Hills, FL
• 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

+202.6% since first listed

10 events — show timeline

• 2026-05-08 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2018-06-22 Sold (Public Records) $69,000 Public Records
• 2018-06-21 Sold (MLS) $69,000 Stellar MLS as Distributed by MLS Grid
• 2018-06-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-05-25 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2012-09-10 Sold (Public Records) $42,000 Public Records
• 2012-09-07 Sold (MLS) $42,000 Stellar MLS as Distributed by MLS Grid
• 2012-08-03 Listed $49,000 Stellar MLS as Distributed by MLS Grid
• 1998-01-22 Sold (Public Records) $38,500 Public Records
• 1997-06-09 Sold (Public Records) $38,000 Public Records

Property tax history

-2.1%/yr

Latest (2025): $594 · +4.8% YoY. Source: county tax records.