6808 Dali Ave · Land O' Lakes, FL 34637

$260,000

2 bd · 2.0 ba · 1,200 sqft · Condo · 23 Days on market

Built 2003 Poor condition ↓ 13% since listing

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +5.7/30.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• Appreciation +4.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +1.0/5.0
• DSCR +0.1/10.0

Listing remarks MLS

THE VIEW! THE VIEW! Lovely furnished 2 bedroom 2 bath first floor condo overlooking the lake in the Clothing Optional Community of Caliente. Ceiling fans, ceramic tile, carpet, corian countertops in kitchen, double windows with blinds in master and guest bedrooms, and sliding glass doors with window treatments in living room, charming furnishes and leather furniture work together to bring this condo alive. First room to left, once you walk into the condo, could be a nice room for dining, an office, or a sitting area. Stackable washer/dryer in laundry closet. Kitchen houses refrigerator, range, dishwasher, and microwave. Open kitchen overlooks the breakfast bar to the living room to the lanai and to the view of lake.

Key facts

• Dual sinks
• Access to pools
• Walk-in shower

Tags

• OVERLOOKING THE LAKE
• OPEN KITCHEN
• BREAKFAST BAR
• DUAL SINKS
• WALK-IN SHOWER
• ACCESS TO POOLS

Property features AI

Exterior

• Home design: Condominium built in 2003
• Construction: Built in 2003
• Exterior features: Located in the Caliente Apartments Condominium community

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $260k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $-528 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $260k).
• Recommended offer: $256k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade F — 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: 287 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 (-1.5%/yr); year-one equity from $2k 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 23 days — a 2% lower offer ($256k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 $182k; 42% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $256,100 (1.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 3.86%
• Cash-on-cash: -8.70%
• DSCR: 0.61
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-1.54% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.1%
• Equity multiple: 0.19×
• Total profit: $-58,903
• Equity at exit: $56,108

10-year hold

• IRR: -13.3%
• Equity multiple: -0.06×
• Total profit: $-77,470
• Equity at exit: $53,419

Cash invested: $72,800 (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 34637

• Home prices YoY: -1.2%
• Active inventory: 287
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,652 medium
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,900/yr
• Insurance: −$108
• HOA est. from 3 same-building comps: −$826
• Vacancy / Maint / Mgmt: −$557
• Net cashflow: $-528

Break-even live

Break-even rent $3,320

Max offer price $183,617

Occupancy floor —

Sensitivity live

Price	-10% $-348	-5% $-438	+0% $-528	+5% $-618	+10% $-708
Rent	-10% $-737	-5% $-633	+0% $-528	+5% $-423	+10% $-318
Rate	-1.0pp $-397	-0.5pp $-462	base $-528	+0.5pp $-595	+1.0pp $-664

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20716 Eustis Rd Land O Lakes, FL	3.0	2.0	1455	$2,050	$1.41	2d	1	0.61mi
20191 Sabal Palm Ct Land O' Lakes, FL	1.0–3.0	1.0–2.5	1404	$2,471	$1.76	0d	21	1.32mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-18
   days on market $260,000 Active 23 DOM
2. 2026-06-17
   days on market $260,000 Active 22 DOM
3. 2026-06-16
   days on market $260,000 Active 21 DOM
4. 2026-06-15
   days on market $260,000 Active 20 DOM
5. 2026-06-13
   days on market $260,000 Active 18 DOM
6. 2026-06-09
   days on market $260,000 Active 14 DOM
7. 2026-06-08
   days on market $260,000 Active 13 DOM
8. 2026-06-07
   days on market $260,000 Active 12 DOM
9. 2026-06-04
   days on market $260,000 Active 9 DOM
10. 2026-06-03
    days on market $260,000 Active 8 DOM
11. 2026-06-02
    days on market $260,000 Active 7 DOM
12. 2026-06-01
    days on market $260,000 Active 6 DOM
13. 2026-05-31
    days on market $260,000 Active 5 DOM
14. 2026-05-26
    listed $260,000 Active
15. 2019-04-26
    soldstatus $182,500 725-char remark

    Show marketing remark (725 chars)

    THE VIEW! THE VIEW! Lovely furnished 2 bedroom 2 bath first floor condo overlooking the lake in the Clothing Optional Community of Caliente. Ceiling fans, ceramic tile, carpet, corian countertops in kitchen, double windows with blinds in master and guest bedrooms, and sliding glass doors with window treatments in living room, charming furnishes and leather furniture work together to bring this condo alive. First room to left, once you walk into the condo, could be a nice room for dining, an office, or a sitting area. Stackable washer/dryer in laundry closet. Kitchen houses refrigerator, range, dishwasher, and microwave. Open kitchen overlooks the breakfast bar to the living room to the lanai and to the view of lake.

16. 2019-02-01
    soldstatus $270,000 732-char remark

    Show marketing remark (732 chars)

    My mama always said ''it's what on the inside that counts''. One of a kind, beautifully remodeled, furnished and decorated by Paris Flea- this 2 bedroom/2 bath condo with lake view awaits you in the clothing-optional private resort community of Caliente. Everything from the ceiling to the flooring is brand new except the tub, doors and trim! Open floor plan allows you to enjoy the tranquil views of the pond from the time you walk into the condo, from the kitchen, with access to the private lanai from the living room and master suite. Lanai is complimented with heated optional ceiling fan- that will keep you cool in the summer and warm in the winter. Kitchen houses stainless steel appliances and spacious dark-wood cabinets.

17. 2019-01-18
    listed $185,900 725-char remark

    Show marketing remark (725 chars)

    THE VIEW! THE VIEW! Lovely furnished 2 bedroom 2 bath first floor condo overlooking the lake in the Clothing Optional Community of Caliente. Ceiling fans, ceramic tile, carpet, corian countertops in kitchen, double windows with blinds in master and guest bedrooms, and sliding glass doors with window treatments in living room, charming furnishes and leather furniture work together to bring this condo alive. First room to left, once you walk into the condo, could be a nice room for dining, an office, or a sitting area. Stackable washer/dryer in laundry closet. Kitchen houses refrigerator, range, dishwasher, and microwave. Open kitchen overlooks the breakfast bar to the living room to the lanai and to the view of lake.

18. 2018-10-05
    listed $299,000 732-char remark

    Show marketing remark (732 chars)

    My mama always said ''it's what on the inside that counts''. One of a kind, beautifully remodeled, furnished and decorated by Paris Flea- this 2 bedroom/2 bath condo with lake view awaits you in the clothing-optional private resort community of Caliente. Everything from the ceiling to the flooring is brand new except the tub, doors and trim! Open floor plan allows you to enjoy the tranquil views of the pond from the time you walk into the condo, from the kitchen, with access to the private lanai from the living room and master suite. Lanai is complimented with heated optional ceiling fan- that will keep you cool in the summer and warm in the winter. Kitchen houses stainless steel appliances and spacious dark-wood cabinets.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 28 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: $31,822
• − Mortgage interest: −$14,564
• − Property taxes: −$3,900
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,546
• − Management: −$2,546
• − HOA: −$9,912
• − Depreciation: −$7,564
• Taxable loss: −$10,509
• Est. tax savings @ 24.0%: +$2,522
• After-tax cash flow: $-3,812/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.

Condition & rehab AI · 1 photo

Poor 20/100 Extensive rehab

This condo is in poor condition with extensive repairs and maintenance needed, including exterior siding, roof, interior walls and paint, HVAC system, and landscaping. Significant updates are required to increase its value.

Repairs flagged

• Major exterior siding — Significant damage to the exterior siding is visible.
• Major roof — The roof appears to be in poor condition with visible damage.
• Major interior walls and paint — The interior walls and paint are not visible but given the overall condition, it is likely in poor shape.
• Major HVAC/mechanicals — No HVAC or mechanical systems are visible but given the overall condition, it is likely in poor shape.
• Major landscaping and curb appeal — The landscaping and curb appeal are not visible but given the overall condition, it is likely in poor shape.

Value-add opportunities

• Both exterior siding repair and replacement — Improving the exterior appearance and increasing both resale and rental value.
• Both roof repair and replacement — Fixing the roof will prevent further damage and increase both resale and rental value.
• Both interior painting and repairs — Updating the interior will improve the overall condition and increase both resale and rental value.
• Both HVAC system replacement — A new HVAC system will improve comfort and energy efficiency, increasing both resale and rental value.
• Both landscaping and curb appeal improvements — Enhancing the landscaping and curb appeal will increase the home's appeal and increase both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant damage to the exterior siding is visible.	Major	$15,000–50,000
roof · The roof appears to be in poor condition with visible damage.	Major	$15,000–50,000
interior walls and paint · The interior walls and paint are not visible but given the overall condition, it is likely in poor shape.	Major	$15,000–50,000
HVAC/mechanicals · No HVAC or mechanical systems are visible but given the overall condition, it is likely in poor shape.	Major	$15,000–50,000
landscaping and curb appeal · The landscaping and curb appeal are not visible but given the overall condition, it is likely in poor shape.	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both exterior siding repair and replacement — Improving the exterior appearance and increasing both resale and rental value. ↑
• Both roof repair and replacement — Fixing the roof will prevent further damage and increase both resale and rental value. ↑
• Both interior painting and repairs — Updating the interior will improve the overall condition and increase both resale and rental value. ↑
• Both HVAC system replacement — A new HVAC system will improve comfort and energy efficiency, increasing both resale and rental value. ↑
• Both landscaping and curb appeal improvements — Enhancing the landscaping and curb appeal will increase the home's appeal and increase both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 13,049
• Household income: $115,214
• Rent vs Own: 8.7% rent · 91.3% own
• Severe rent burden: 96.0

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 16% Two or more races 10% Black 7% Asian 5%
• Hispanic origin (detail): Mexican 1% Puerto Rican 10% Cuban 1%
• Common ancestry: Romanian 5% Italian 3% Iranian 2%
• Foreign-born: 8% · Canada
• Languages at home: 85% English-only · Spanish 8% Other Indo-European 4% Tagalog/Filipino 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: ▼ -1.54%
• Current HPI: 126.1415
• Rent YoY: —
• 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

-13.0% since first listed

5 events — show timeline

• 2026-05-26 Listed $260,000 FSBO.com
• 2019-04-26 Sold (MLS) $182,500 St. Augustine and St. Johns County Board of REALTORS®
• 2019-02-01 Sold (MLS) $270,000 St. Augustine and St. Johns County Board of REALTORS®
• 2019-01-18 Listed $185,900 St. Augustine and St. Johns County Board of REALTORS®
• 2018-10-05 Listed $299,000 St. Augustine and St. Johns County Board of REALTORS®