35151 Danny Dr Lot 114 · Zephyrhills West, FL 33541

$134,900

2 bd · 1.0 ba · 726 sqft · Manufactured · 17 Days on market

Built 1995 Good condition 2,925 sqft lot Est $94k · 43% over $130/mo HOA · 8% 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 +23.4/30.0
• DSCR +7.5/10.0
• 1% rule +7.3/10.0
• Schools +4.3/10.0
• Condition / age +3.8/5.0
• Livability +3.1/5.0
• Rent growth +1.9/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

RARE OPPORTUNITY! This upgraded waterfront home is located in a premier 55+ RV condominium community where you own the land! This nicely maintained 2-bedroom, 1-bath residence offers comfortable Florida living with scenic canal views and exceptional outdoor space. Enjoy relaxing or entertaining on the lovely 5x22 screened porch overlooking the canal. Inside, this 2/BR 1/BA home features a large, bright living room, perfect for living comfortably and entertaining. The kitchen offers plenty of space for life's essential tasks. The kitchen includes a dishwasher, glass-topped electric range, microwave, instant-hot electric water heater, and a water softener (located outside) - and there is ple

Key facts

• Waterfront home
• Scenic canal views
• Screened porch

Tags

• WATERFRONT HOME
• SCENIC CANAL VIEWS
• SCREENED PORCH
• UPGRADED ELECTRICAL SYSTEM
• INSULATED ROOF
• UPDATED WALK-IN SHOWER

Property features AI

Finance

• Other: Association contact: Lynn Sweeney
• Financial info: Total annual fees $1,560; Lease restrictions apply
• HOA & community: Has HOA with required approval; Monthly HOA fee $130 (includes common area taxes, pool, reserves, insurance, management, private road, recreational facilities, trash); Association amenities: clubhouse, fitness center, pool, spa/hot tub, sauna, tennis, pickleball, shuffleboard, park, recreation facilities, laundry, gated, wheelchair access; vehicle and fence restrictions; Senior community; Pets allowed with limits (cats and dogs; max pet weight 20 lbs)

Exterior

• Parking: Private paved access (asphalt road)
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Underground utilities; BB/HS internet available; Fiber optics available; Cable available; Phone available
• Home design: Manufactured single-wide home; One story; Faces east; On freshwater canal/retention pond with water view (45 ft frontage)
• Construction: Vinyl siding; Membrane and metal roof with roof over; Crawlspace foundation; Built as a manufactured home
• Exterior features: Covered front porch; Sliding doors; Rain gutters; Rain barrel/cistern(s); Storage shed; Seawall (concrete)

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Freezer; Wine refrigerator; Exhaust fan
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Linoleum; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning with humidity control
• Interior features: Ceiling fans; Eat-in kitchen; Thermostat; Vaulted ceilings; Window treatments; Aluminum window frames
• Laundry & utility: Inside laundry room; Washer; Dryer; Electric water heater; Tankless water heater; Water softener; Inside utility room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $135k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $125 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $133k (1.5% 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: schools D-, 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; 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).
• This rent runs 35% 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 $933 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 17 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $132,876 (1.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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: 1.23% ✓
• Cap rate: 8.52%
• Cash-on-cash: 7.95%
• DSCR: 1.35
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $94,380
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35204 Ada Ave	0.23mi	2/1.0	710 (-2%)	0mo	$80,000	$113	85
35238 Dodie Dr #09	0.16mi	1/2.0 (-1)	726 (0%)	2mo	$79,000	$109	82
35246 Tiffani Lot 63 Ct	0.12mi	2/1.0	687 (-5%)	5mo	$118,000	$172	81
35012 Dale Ave	0.26mi	2/2.0	732 (+1%)	4mo	$95,000	$130	79
35142 Zephyr Shores Dr	0.21mi	2/2.0	720 (-1%)	12mo	$83,000	$115	75
35220 Condominium Blvd #25	0.11mi	2/1.0	621 (-14%)	3mo	$90,000	$145	68

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: -14.2%
• Equity multiple: 0.51×
• Total profit: $-18,575
• Equity at exit: $20,114

10-year hold

• IRR: -13.0%
• Equity multiple: 0.36×
• Total profit: $-23,988
• Equity at exit: $11,664

Cash invested: $37,772 (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: 6.8×

Monthly cashflow live

• Estimated rent: $1,662 medium
• Mortgage (P&I): −$707
• Tax est. 1.5%: −$169 /mo · $2,024/yr
• Insurance: −$56
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$130
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $125

Break-even live

Break-even rent $1,503

Max offer price $134,900

Occupancy floor 87%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $130 · $1,560/yr
• Likely covers: waterelectric

Listing history 12 events

1. 2026-06-18
   days on market $134,900 Active 17 DOM
2. 2026-06-17
   days on market $134,900 Active 16 DOM
3. 2026-06-16
   days on market $134,900 Active 15 DOM
4. 2026-06-15
   days on market $134,900 Active 14 DOM
5. 2026-06-13
   days on market $134,900 Active 12 DOM
6. 2026-06-09
   days on market $134,900 Active 8 DOM
7. 2026-06-08
   days on market $134,900 Active 7 DOM
8. 2026-06-07
   days on market $134,900 Active 6 DOM
9. 2026-06-04
   days on market $134,900 Active 3 DOM
10. 2026-06-03
    days on market $134,900 Active 2 DOM
11. 2026-06-02
    remarks 699-char remark
12. 2026-06-02
    listed $134,900 Active 1 DOM

ⓘ 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 6/10 Major FEMA zone A · 73% 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: $19,939
• − Mortgage interest: −$7,556
• − Property taxes: −$2,024
• − Insurance: −$2,177
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − HOA: −$1,560
• − Depreciation: −$3,924
• Taxable loss: −$493
• Est. tax savings @ 24.0%: +$118
• After-tax cash flow: $1,620/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 · 12 photos

Good 75/100 Cosmetic rehab

This upgraded waterfront home in a premier 55+ RV condominium community is in good condition with minimal repairs needed. It offers comfortable Florida living with scenic canal views and exceptional outdoor space.

Value-add opportunities

• Both Paint the exterior siding — Enhances curb appeal and value
• Both Replace the water softener — Improves water quality and reduces maintenance costs

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding — Enhances curb appeal and value ↑
• Both Replace the water softener — Improves water quality and reduces maintenance costs ↑

ⓘ 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 — 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
• City population: 48,266
• 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

1 event — show timeline

• 2026-06-01 Listed $134,900 Stellar MLS as Distributed by MLS Grid