37621 Rosalita Ave · Pasadena Hills, FL 33541

$148,000

2 bd · 2.0 ba · 1,040 sqft · Manufactured public records · 26 Days on market

Built 1989 3,654 sqft lot Est $123k · 21% over $142/mo HOA · 8% of rent

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Why this score? — see what drove the D+ 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 +21.7/30.0
• DSCR +6.9/10.0
• 1% rule +6.6/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• 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

New Listing! Come see this charming home where you own your land (share), no lot rent. The HOA fee is only $142 a month and includes Spectrum TV and Internet service, mowing your lawn & trash collection. Spanish Trails West is close to stores, restaurants, hospital/doctors and is an active 55+, well kept up Community. This home is a 1989 Palm Harbor with an open plan, 2 bedrooms, 2 baths, 1,040 sq. Ft. ceiling fans, a large master bedroom and an updated walk-in shower in the master bathroom that also has lots of cabinets. The kitchen has a dishwasher and open to the dining room. The front porch has been enclosed and has a wall unit A/C to keep you cool in the summer. You can do your laundry inside this home in the laundry area that also has plenty of cabinets. The home is light and bright and comes partially furnished. call now to see this one, priced at $145,000.

Key facts

• Multi-use bonus room
• 3,654 sq ft lot
• 2 parking spots

Tags

• MULTI-USE BONUS ROOM
• BUILT-IN CHINA CABINET
• COVERED 2 CAR DRIVEWAY
• GOOD SIZE STORAGE BUILDING

Property features AI

Finance

• Other: Furnished; Association name: NANCY LINGERFELT
• Financial info: Total monthly fees $142; total annual fees $1,704; Lease restrictions apply
• HOA & community: Monthly HOA fee of $142; Association requires approval; Association amenities: clubhouse, pool, cable TV, internet, maintenance of grounds, private road, trash, basketball court, pickleball court(s), racquetball, shuffleboard court, tennis court(s), fence restrictions; On-site property manager; Senior community; Pets allowed (cats and dogs, with limits); Buyer approval required; Deed restrictions

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public sewer; Water connected; Sewer connected; Electricity connected; Cable connected; No water source listed
• Home design: Manufactured double-wide home; Single-story; South-facing
• Construction: Metal frame with vinyl siding; Membrane roof; Crawlspace foundation with pillar/post/pier
• Exterior features: Enclosed front porch; Awning(s); Dog run; Rain gutters; Sliding doors; Tennis court(s) on property or in community; Shed(s); Paved lot

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Inside utility room
• Laundry & utility: Washer hookup; Dryer hookup (electric); Inside laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $148k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Recommended offer: $146k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.1% 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; 20 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 36% 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 $1k 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 26 days — a 2% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,780 (1.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 8.14%
• Cash-on-cash: 6.60%
• DSCR: 1.29
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $122,720
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37817 Granada Ave	0.21mi	2/2.0	1,056 (+2%)	4mo	$125,000	$118	84
37452 Attica Ave	0.25mi	2/1.5	1,028 (-1%)	5mo	$94,000	$91	80
37838 Granada Ave	0.23mi	2/2.0	1,056 (+2%)	9mo	$139,000	$132	79
37648 Campo Ave	0.10mi	2/2.0	972 (-6%)	11mo	$114,000	$117	75
37820 Madeira Ave	0.20mi	2/2.0	1,056 (+2%)	16mo	$139,000	$132	75
7053 EL Conquistador St	0.28mi	2/2.0	1,056 (+2%)	12mo	$122,000	$116	75
37848 Barcelona Ave	0.27mi	2/2.0	1,056 (+2%)	13mo	$125,000	$118	74
6902 Orlo Dr	0.32mi	2/2.0	1,104 (+6%)	2mo	$75,000	$68	73
37832 Mission Hills Ave	0.24mi	2/2.0	1,056 (+2%)	16mo	$113,000	$107	73
7117 EL Rancho Way #367	0.05mi	2/2.0	896 (-14%)	4mo	$118,000	$132	72
37838 Barcelona Ave	0.25mi	2/2.0	1,128 (+8%)	4mo	$136,000	$121	71
37611 Amigo Dr	0.07mi	2/2.0	1,196 (+15%)	14mo	$140,000	$117	60

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: -9.8%
• Equity multiple: 0.65×
• Total profit: $-14,406
• Equity at exit: $22,067

10-year hold

• IRR: -5.6%
• Equity multiple: 0.69×
• Total profit: $-12,905
• Equity at exit: $12,796

Cash invested: $41,440 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,713 high
• Mortgage (P&I): −$776
• Tax from tax record: −$146 /mo · $1,752/yr
• Insurance: −$62
• HOA: −$142
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $228

Break-even live

Break-even rent $1,425

Max offer price $148,000

Occupancy floor 82%

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: $37,000
• Closing costs: $4,440
• Reserves months: —
• Total cash needed: —

Rent comps 20 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	0.23mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	24d	1	0.49mi
6633 Foxmoor Dr Zephyrhills, FL	3.0	2.0	1300	$2,000	$1.54	24d	1	0.67mi
7660 Emerson Hill Cir Zephyrhills, FL	1.0–3.0	1.0–2.0	1077	$1,964	$1.82	1d	34	0.72mi
6335 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,650	$1.21	20d	1	0.77mi
6262 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,700	$1.25	24d	1	0.82mi
6246 Timberly Ln Zephyrhills, FL	3.0	2.5	1363	$1,900	$1.39	24d	1	0.83mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	0.83mi
37661 Aaralyn Rd Zephyrhills, FL	3.0	2.5	1363	$1,800	$1.32	24d	1	0.84mi
6773 Branham Mill Ct Zephyrhills, FL	3.0	2.0	1454	$1,950	$1.34	24d	1	0.87mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	24d	1	0.87mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	1d	142	0.90mi
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	24d	1	0.91mi
38485 County Road 54 Zephyrhills, FL	2.0	1.0	800	$1,100	$1.38	24d	1	1.02mi
6195 Daerr Ridge St Zephyrhills, FL	3.0	2.5	1386	$2,000	$1.44	17d	1	1.03mi
38300 Henry Dr Zephyrhills, FL	2.0	1.0	1152	$1,650	$1.43	4d	1	1.11mi
6136 Pina Colada St Zephyrhills, FL	3.0	2.5	1386	$2,100	$1.52	12d	1	1.12mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	24d	1	1.37mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	4d	1	1.38mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	24d	1	1.50mi

HOA detail

• Monthly dues: $142 · $1,704/yr
• Likely covers: trashinternet

Listing history 20 events

1. 2026-06-18
   days on market $148,000 Active 26 DOM
2. 2026-06-17
   days on market $148,000 Active 25 DOM
3. 2026-06-16
   days on market $148,000 Active 24 DOM
4. 2026-06-15
   days on market $148,000 Active 23 DOM
5. 2026-06-13
   days on market $148,000 Active 21 DOM
6. 2026-06-09
   days on market $148,000 Active 17 DOM
7. 2026-06-08
   days on market $148,000 Active 16 DOM
8. 2026-06-07
   days on market $148,000 Active 15 DOM
9. 2026-06-04
   days on market $148,000 Active 12 DOM
10. 2026-06-03
    days on market $148,000 Active 11 DOM
11. 2026-06-02
    days on market $148,000 Active 10 DOM
12. 2026-06-01
    days on market $148,000 Active 9 DOM
13. 2026-05-31
    days on market $148,000 Active 8 DOM
14. 2026-05-23
    listed $148,000 Active
15. 2024-05-24
    soldstatus $140,000
16. 2024-05-21
    soldstatus $140,000 Closed 882-char remark

    Show marketing remark (882 chars)

    New Listing! Come see this charming home where you own your land (share), no lot rent. The HOA fee is only $142 a month and includes Spectrum TV and Internet service, mowing your lawn & trash collection. Spanish Trails West is close to stores, restaurants, hospital/doctors and is an active 55+, well kept up Community. This home is a 1989 Palm Harbor with an open plan, 2 bedrooms, 2 baths, 1,040 sq. Ft. ceiling fans, a large master bedroom and an updated walk-in shower in the master bathroom that also has lots of cabinets. The kitchen has a dishwasher and open to the dining room. The front porch has been enclosed and has a wall unit A/C to keep you cool in the summer. You can do your laundry inside this home in the laundry area that also has plenty of cabinets. The home is light and bright and comes partially furnished. call now to see this one, priced at $145,000.

17. 2024-05-02
    status Pending 882-char remark

    Show marketing remark (882 chars)

    New Listing! Come see this charming home where you own your land (share), no lot rent. The HOA fee is only $142 a month and includes Spectrum TV and Internet service, mowing your lawn & trash collection. Spanish Trails West is close to stores, restaurants, hospital/doctors and is an active 55+, well kept up Community. This home is a 1989 Palm Harbor with an open plan, 2 bedrooms, 2 baths, 1,040 sq. Ft. ceiling fans, a large master bedroom and an updated walk-in shower in the master bathroom that also has lots of cabinets. The kitchen has a dishwasher and open to the dining room. The front porch has been enclosed and has a wall unit A/C to keep you cool in the summer. You can do your laundry inside this home in the laundry area that also has plenty of cabinets. The home is light and bright and comes partially furnished. call now to see this one, priced at $145,000.

18. 2024-04-25
    listed $145,000 Active 882-char remark

    Show marketing remark (882 chars)

    New Listing! Come see this charming home where you own your land (share), no lot rent. The HOA fee is only $142 a month and includes Spectrum TV and Internet service, mowing your lawn & trash collection. Spanish Trails West is close to stores, restaurants, hospital/doctors and is an active 55+, well kept up Community. This home is a 1989 Palm Harbor with an open plan, 2 bedrooms, 2 baths, 1,040 sq. Ft. ceiling fans, a large master bedroom and an updated walk-in shower in the master bathroom that also has lots of cabinets. The kitchen has a dishwasher and open to the dining room. The front porch has been enclosed and has a wall unit A/C to keep you cool in the summer. You can do your laundry inside this home in the laundry area that also has plenty of cabinets. The home is light and bright and comes partially furnished. call now to see this one, priced at $145,000.

19. 2009-10-01
    soldstatus $75,000
20. 1996-03-06
    soldstatus $2,065,000

ⓘ 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: $1,752 · $146/mo
• Projected year-2 tax: $1,752 · $146/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 · 25 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: $20,560
• − Mortgage interest: −$8,290
• − Property taxes: −$1,752
• − Insurance: −$740
• − Repairs & maintenance: −$1,645
• − Management: −$1,645
• − HOA: −$1,704
• − Depreciation: −$4,305
• Taxable income: $479
• Est. tax owed @ 24.0%: −$115
• After-tax cash flow: $2,619/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

-92.8% since first listed

7 events — show timeline

• 2026-05-23 Listed $148,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-24 Sold (Public Records) $140,000 Public Records
• 2024-05-21 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-04-25 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2009-10-01 Sold (Public Records) $75,000 Public Records
• 1996-03-06 Sold (Public Records) $2,065,000 Public Records

Property tax history

+10.3%/yr

Latest (2025): $1,752 · +175.8% YoY. Source: county tax records.