7123 Siesta St · Pasadena Hills, FL 33541

$135,000

2 bd · 2.0 ba · 972 sqft · Manufactured public records · 94 Days on market

Built 1990 $142/mo HOA ↓ 38% since listing

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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 +23.9/30.0
• DSCR +7.7/10.0
• 1% rule +6.7/10.0
• 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

Charming 2-bedroom, 2-bath home nestled on a private street in the 55+ community of Spanish Trails West! As you enter, the large open kitchen boasts newer appliances, complemented by a beautiful backsplash behind the range. The spacious living room opens to a front glassed-in porch, creating a warm and inviting atmosphere. The master bedroom features an ensuite bath and a generously sized walk-in closet. Laminate flooring graces the common areas, while plush carpeting adds a touch of comfort to the bedrooms. Included with the property, is a share in the Co-Op, and the home comes partially furnished, allowing for a seamless transition into your new haven. A storage shed in the backyard provides additional space for your belongings. One of the highlights of this property is the brand-new roof installed in 2024. The low HOA fee of $142/month covers Cable, Internet, Trash, and Lawn Care, making for hassle-free living. Residents also enjoy access to amenities such as a heated swimming pool, shuffleboard courts, and a pickleball court – the perfect blend of relaxation and recreation. Don't miss this opportunity to own a slice of paradise in Spanish Trails West – where comfort, convenience, and community converge. Schedule your showing today!

Key facts

• Clubhouse
• Community amenities
• Swimming pool

Tags

• PRIVATE STREET
• ENCLOSED LANAI
• STAINLESS STEEL APPLIANCES
• COMMUNITY AMENITIES
• CLUBHOUSE
• SWIMMING POOL

Property features AI

Finance

• Other: Association name: Nancy; Association approval required
• Financial info: Total annual association fees $1,704; Lease restrictions apply
• HOA & community: Monthly association fee of $142; Association amenities: cable TV, clubhouse, pool, tennis courts, pickleball courts, shuffleboard court, storage; Association fee includes cable TV, pool, internet, grounds maintenance, trash; Buyer approval required; Deed restrictions; Community features: community mailbox, dog park, golf carts allowed; Senior community; Pets allowed with restrictions (breed, number, size); cats and dogs allowed

Exterior

• Parking: Driveway with tandem parking; 2-space carport
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Cable available; Broadband/high-speed internet available
• Home design: Manufactured double-wide home; Single-story (one level); Faces east; Homestead property
• Construction: Vinyl siding over frame construction; Membrane roof; Crawlspace foundation; Built as a manufactured home
• Exterior features: Lighting; Storage

Interior

• Kitchen: Range; Microwave; Refrigerator; Eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closet(s); Window treatments (blinds)
• Laundry & utility: Washer; Dryer; Laundry closet; Inside utility / Florida room access

🏢 Co-op / cooperative unit. The $135,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/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: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.6% 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; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $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 94 days — a 9% lower offer ($123k) 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.17% ✓
• Cap rate: 8.61%
• Cash-on-cash: 8.29%
• DSCR: 1.37
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $114,696
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37648 Campo Ave	0.09mi	2/2.0	972 (0%)	11mo	$114,000	$117	87
7117 EL Rancho Way #367	0.04mi	2/2.0	896 (-8%)	4mo	$118,000	$132	82
37817 Granada Ave	0.13mi	2/2.0	1,056 (+9%)	4mo	$125,000	$118	76
37838 Granada Ave	0.15mi	2/2.0	1,056 (+9%)	9mo	$139,000	$132	71
37452 Attica Ave	0.31mi	2/1.5	1,028 (+6%)	5mo	$94,000	$91	70
7133 EL Matador St	0.07mi	2/2.0	864 (-11%)	11mo	$79,000	$91	69
37843 Barcelona Ave	0.18mi	2/2.0	840 (-14%)	3mo	$99,000	$118	67
37820 Madeira Ave	0.12mi	2/2.0	1,056 (+9%)	16mo	$139,000	$132	67
7053 EL Conquistador St	0.20mi	2/2.0	1,056 (+9%)	12mo	$122,000	$116	67
37848 Barcelona Ave	0.19mi	2/2.0	1,056 (+9%)	13mo	$125,000	$118	65
37832 Mission Hills Ave	0.16mi	2/2.0	1,056 (+9%)	16mo	$113,000	$107	64
6902 Orlo Dr	0.39mi	2/2.0	1,104 (+14%)	2mo	$75,000	$68	58

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: -7.3%
• Equity multiple: 0.74×
• Total profit: $-9,800
• Equity at exit: $20,129

10-year hold

• IRR: -2.1%
• Equity multiple: 0.88×
• Total profit: $-4,723
• Equity at exit: $11,672

Cash invested: $37,800 (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 33541

• Home prices YoY: -15.2%
• Rents YoY: -2.5%
• Active inventory: 856
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,574 high
• Mortgage (P&I): −$708
• Tax from tax record: −$76 /mo · $916/yr
• Insurance: −$56
• HOA: −$142
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $261

Break-even live

Break-even rent $1,244

Max offer price $135,000

Occupancy floor 78%

Sensitivity live

Price	-10% $338	-5% $299	+0% $261	+5% $223	+10% $185
Rent	-10% $137	-5% $199	+0% $261	+5% $323	+10% $386
Rate	-1.0pp $329	-0.5pp $296	base $261	+0.5pp $226	+1.0pp $191

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37814 Daughtery Rd Zephyrhills, FL	2.0	1.0	1070	$1,395	$1.30	5d	1	0.19mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	25d	1	0.43mi
7660 Emerson Hill Cir Zephyrhills, FL	1.0–3.0	1.0–2.0	1077	$1,970	$1.83	0d	33	0.69mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	25d	1	0.83mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	25d	1	0.83mi
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	25d	1	0.85mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	2d	142	0.92mi
38485 County Road 54 Zephyrhills, FL	2.0	1.0	800	$1,100	$1.38	25d	1	0.97mi
6052 10th St Zephyrhills, FL	2.0	1.0	644	$1,200	$1.86	25d	1	1.24mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	5d	1	1.33mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	25d	1	1.36mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	25d	1	1.43mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	25d	1	1.46mi
8129 Cass Rd Zephyrhills, FL	1.0	1.0	540	$1,100	$2.04	25d	1	1.47mi
38621 Rose Ln Zephyrhills, FL	2.0	1.0	1040	$1,495	$1.44	0d	1	1.48mi

HOA detail

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

Listing history 19 events

1. 2026-06-18
   days on market $135,000 Active 94 DOM
2. 2026-06-17
   days on market $135,000 Active 93 DOM
3. 2026-06-16
   days on market $135,000 Active 92 DOM
4. 2026-06-15
   days on market $135,000 Active 91 DOM
5. 2026-06-13
   days on market $135,000 Active 89 DOM
6. 2026-06-09
   days on market $135,000 Active 85 DOM
7. 2026-06-08
   days on market $135,000 Active 84 DOM
8. 2026-06-07
   days on market $135,000 Active 83 DOM
9. 2026-06-04
   days on market $135,000 Active 80 DOM
10. 2026-06-03
    days on market $135,000 Active 79 DOM
11. 2026-06-02
    days on market $135,000 Active 78 DOM
12. 2026-06-01
    days on market $135,000 Active 77 DOM
13. 2026-05-31
    days on market $135,000 Active 76 DOM
14. 2026-03-16
    listed $135,000 Active
15. 2024-03-18
    soldstatus $154,000
16. 2024-03-13
    soldstatus $154,000 Closed 1268-char remark

    Show marketing remark (1268 chars)

    Charming 2-bedroom, 2-bath home nestled on a private street in the 55+ community of Spanish Trails West! As you enter, the large open kitchen boasts newer appliances, complemented by a beautiful backsplash behind the range. The spacious living room opens to a front glassed-in porch, creating a warm and inviting atmosphere. The master bedroom features an ensuite bath and a generously sized walk-in closet. Laminate flooring graces the common areas, while plush carpeting adds a touch of comfort to the bedrooms. Included with the property, is a share in the Co-Op, and the home comes partially furnished, allowing for a seamless transition into your new haven. A storage shed in the backyard provides additional space for your belongings. One of the highlights of this property is the brand-new roof installed in 2024. The low HOA fee of $142/month covers Cable, Internet, Trash, and Lawn Care, making for hassle-free living. Residents also enjoy access to amenities such as a heated swimming pool, shuffleboard courts, and a pickleball court – the perfect blend of relaxation and recreation. Don't miss this opportunity to own a slice of paradise in Spanish Trails West – where comfort, convenience, and community converge. Schedule your showing today!

17. 2024-02-16
    status Pending 1268-char remark

    Show marketing remark (1268 chars)

    Charming 2-bedroom, 2-bath home nestled on a private street in the 55+ community of Spanish Trails West! As you enter, the large open kitchen boasts newer appliances, complemented by a beautiful backsplash behind the range. The spacious living room opens to a front glassed-in porch, creating a warm and inviting atmosphere. The master bedroom features an ensuite bath and a generously sized walk-in closet. Laminate flooring graces the common areas, while plush carpeting adds a touch of comfort to the bedrooms. Included with the property, is a share in the Co-Op, and the home comes partially furnished, allowing for a seamless transition into your new haven. A storage shed in the backyard provides additional space for your belongings. One of the highlights of this property is the brand-new roof installed in 2024. The low HOA fee of $142/month covers Cable, Internet, Trash, and Lawn Care, making for hassle-free living. Residents also enjoy access to amenities such as a heated swimming pool, shuffleboard courts, and a pickleball court – the perfect blend of relaxation and recreation. Don't miss this opportunity to own a slice of paradise in Spanish Trails West – where comfort, convenience, and community converge. Schedule your showing today!

18. 2024-02-06
    listed $169,000 Active 1268-char remark

    Show marketing remark (1268 chars)

    Charming 2-bedroom, 2-bath home nestled on a private street in the 55+ community of Spanish Trails West! As you enter, the large open kitchen boasts newer appliances, complemented by a beautiful backsplash behind the range. The spacious living room opens to a front glassed-in porch, creating a warm and inviting atmosphere. The master bedroom features an ensuite bath and a generously sized walk-in closet. Laminate flooring graces the common areas, while plush carpeting adds a touch of comfort to the bedrooms. Included with the property, is a share in the Co-Op, and the home comes partially furnished, allowing for a seamless transition into your new haven. A storage shed in the backyard provides additional space for your belongings. One of the highlights of this property is the brand-new roof installed in 2024. The low HOA fee of $142/month covers Cable, Internet, Trash, and Lawn Care, making for hassle-free living. Residents also enjoy access to amenities such as a heated swimming pool, shuffleboard courts, and a pickleball court – the perfect blend of relaxation and recreation. Don't miss this opportunity to own a slice of paradise in Spanish Trails West – where comfort, convenience, and community converge. Schedule your showing today!

19. 2023-04-15
    soldstatus $217,500

ⓘ 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: $916 · $76/mo
• Projected year-2 tax: $1,120 · $93/mo
• Expected delta: +$204/yr (+$17/mo · 22.3%)

ⓘ 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: $18,892
• − Mortgage interest: −$7,562
• − Property taxes: −$916
• − Insurance: −$675
• − Repairs & maintenance: −$1,511
• − Management: −$1,511
• − HOA: −$1,704
• − Depreciation: −$3,927
• Taxable income: $1,085
• Est. tax owed @ 24.0%: −$260
• After-tax cash flow: $2,874/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

-37.9% since first listed

6 events — show timeline

• 2026-03-16 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-18 Sold (Public Records) $154,000 Public Records
• 2024-03-13 Sold (MLS) $154,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-02-06 Listed $169,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-15 Sold (Public Records) $217,500 Public Records

Property tax history

+5.0%/yr

Latest (2025): $916 · -44.1% YoY. Source: county tax records.