6240 Connecticut St · Zephyrhills, FL 33542

$59,999

1 bd · 1.0 ba · 480 sqft · Manufactured public records · 212 Days on market

Built 1968 3,375 sqft lot Est $58k · at est. $12/mo HOA · 1% 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 +5.6/15.0
• 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

This 2-bedroom, 1-bathroom home needs a complete renovation, including addressing mold issues, but features a screened-in back porch and is located in Zephyrhills, FL. You’ll be less than an hour from Tampa and Lakeland, FL, providing easy access to city amenities. This is a great opportunity for those looking to take on a project. Price Negotiable, Sold As- Is.

Key facts

• Brand new kitchen
• Walk in shower
• Updated plumbing

Tags

• REMODELED MOBILE HOME
• OUTDOOR STORAGE SHEDS
• BRAND NEW KITCHEN
• FULLY REMODELED BATHROOM
• WALK IN SHOWER
• UPDATED PLUMBING

Property features AI

Finance

• HOA & community: HOA: Florida Trailer Estates Fourth Add; HOA required with $150 annual fee (about $12.50/month); Senior community; Pets allowed

Exterior

• Utilities: Public water; Public sewer; Water connected; Sewer connected
• Home design: Residential single-wide mobile home; One story; Faces east
• Construction: Vinyl siding; Metal roof; Other foundation
• Exterior features: Awning(s); Outdoor storage

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Central air; Wall/window air conditioning units
• Interior features: Ceiling fans; Split bedroom floor plan
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $60k.

Deal economics

• At list price, monthly cash flow is $7 ($89/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 3.8% 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; 1 comparable units currently listed for rent nearby; 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 $415 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.

Negotiation context

• It's been on market 212 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $33k; list at $60k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $52,799 (12.0% below list)

Questions for the listing agent

1. It's been on market 212 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 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 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: 1.84% ✓
• Cap rate: 14.97%
• Cash-on-cash: 31.00%
• DSCR: 2.38
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $57,600
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39233 Recess Dr	0.48mi	1/1.0	540 (+12%)	12mo	$65,000	$120	47
6341 Waterfront Ln	0.61mi	1/1.0	552 (+15%)	7mo	$18,000	$33	41

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: -22.2%
• Equity multiple: 0.27×
• Total profit: $-12,187
• Equity at exit: $8,946

10-year hold

• IRR: -55.0%
• Equity multiple: -0.27×
• Total profit: $-21,301
• Equity at exit: $5,188

Cash invested: $16,800 (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 33542

• Home prices YoY: -20.6%
• Rents YoY: -3.6%
• Active inventory: 294
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,103 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$85 /mo · $1,025/yr
• Insurance: −$25
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$12
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $7

Break-even live

Break-even rent $1,093

Max offer price $59,999

Occupancy floor 94%

Sensitivity live

Price	-10% $41	-5% $24	+0% $7	+5% $-10	+10% $-27
Rent	-10% $-80	-5% $-36	+0% $7	+5% $51	+10% $95
Rate	-1.0pp $38	-0.5pp $23	base $7	+0.5pp $-8	+1.0pp $-24

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38706 Daughtery Rd Zephyrhills, FL	1.0	1.0	445	$974	$2.19	17d	2	0.76mi

HOA detail

• Monthly dues: $12 · $144/yr

Listing history 20 events

1. 2026-06-18
   days on market $59,999 Active 212 DOM
2. 2026-06-17
   days on market $59,999 Active 211 DOM
3. 2026-06-16
   days on market $59,999 Active 210 DOM
4. 2026-06-15
   days on market $59,999 Active 209 DOM
5. 2026-06-13
   days on market $59,999 Active 207 DOM
6. 2026-06-09
   days on market $59,999 Active 203 DOM
7. 2026-06-08
   days on market $59,999 Active 202 DOM
8. 2026-06-07
   days on market $59,999 Active 201 DOM
9. 2026-06-04
   days on market $59,999 Active 198 DOM
10. 2026-06-03
    days on market $59,999 Active 197 DOM
11. 2026-06-02
    days on market $59,999 Active 196 DOM
12. 2026-06-01
    days on market $59,999 Active 195 DOM
13. 2026-05-31
    days on market $59,999 Active 194 DOM
14. 2026-05-03
    status Active
15. 2026-04-29
    status Pending
16. 2025-11-14
    listed $59,999 Active
17. 2024-11-27
    soldstatus $33,000 Closed 370-char remark

    Show marketing remark (370 chars)

    This 2-bedroom, 1-bathroom home needs a complete renovation, including addressing mold issues, but features a screened-in back porch and is located in Zephyrhills, FL. You’ll be less than an hour from Tampa and Lakeland, FL, providing easy access to city amenities. This is a great opportunity for those looking to take on a project. Price Negotiable, Sold As- Is.

18. 2024-11-10
    status Pending 370-char remark

    Show marketing remark (370 chars)

    This 2-bedroom, 1-bathroom home needs a complete renovation, including addressing mold issues, but features a screened-in back porch and is located in Zephyrhills, FL. You’ll be less than an hour from Tampa and Lakeland, FL, providing easy access to city amenities. This is a great opportunity for those looking to take on a project. Price Negotiable, Sold As- Is.

19. 2024-11-04
    listed $29,900 Active 370-char remark

    Show marketing remark (370 chars)

    This 2-bedroom, 1-bathroom home needs a complete renovation, including addressing mold issues, but features a screened-in back porch and is located in Zephyrhills, FL. You’ll be less than an hour from Tampa and Lakeland, FL, providing easy access to city amenities. This is a great opportunity for those looking to take on a project. Price Negotiable, Sold As- Is.

20. 2002-03-12
    soldstatus $15,000

ⓘ 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: $1,025 · $85/mo
• Projected year-2 tax: $1,025 · $85/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 7/10 Severe FEMA zone AE · 77% 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,231
• − Mortgage interest: −$3,361
• − Property taxes: −$1,025
• − Insurance: −$5,418
• − Repairs & maintenance: −$1,058
• − Management: −$1,058
• − HOA: −$144
• − Depreciation: −$1,745
• Taxable loss: −$580
• Est. tax savings @ 24.0%: +$139
• After-tax cash flow: $228/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

• 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

+300.0% since first listed

7 events — show timeline

• 2026-05-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-11-14 Listed $59,999 Stellar MLS as Distributed by MLS Grid
• 2024-11-27 Sold (MLS) $33,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-11-04 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 2002-03-12 Sold (Public Records) $15,000 Public Records

Property tax history

+16.3%/yr

Latest (2025): $1,025 · +330.3% YoY. Source: county tax records.