34335 Timberland Blvd · Wesley Chapel, FL 33543

$139,900

2 bd · 2.0 ba · 936 sqft · Manufactured public records · 119 Days on market

Built 1986 4,086 sqft lot Est $124k · 12% over $217/mo HOA · 13% 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 +22.7/30.0
• DSCR +7.3/10.0
• 1% rule +6.6/10.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• ARV discount +1.9/15.0
• Appreciation +0.0/10.0

Listing remarks

Charming 2 bedroom, 2 bath home in the heart of Wesley Chapel. This well-kept property features a bright and versatile Florida room, perfect for extra living or entertaining space. Inside, you’ll find thoughtful upgrades that enhance comfort and functionality throughout the home. Located just minutes from Tampa Premium Outlets, The Shops at Wiregrass, and a wide variety of restaurants and conveniences, this home offers both comfort and an unbeatable location. A great opportunity for anyone seeking low-maintenance living in a thriving community.

Key facts

• Thoughtful upgrades
• Florida room
• Thriving community

Tags

• FLORIDA ROOM
• THOUGHTFUL UPGRADES
• UNBEATABLE LOCATION
• LOW-MAINTENANCE LIVING
• THRIVING COMMUNITY

Property features AI

Finance

• Other: Homestead exempt; Total lot roughly 0.09 acre (approximately 0 to less than 1/4 acre)
• Financial info: Lease restrictions apply; Condo land included
• HOA & community: Has HOA (Qualified Property Management) — monthly fee $214, fee includes grounds maintenance and water; association approval required; Community features: Clubhouse; buyer approval required; Pets allowed with breed restrictions

Exterior

• Parking: Carport with 2 spaces
• Utilities: Private water source; Septic tank; Broadband/high-speed internet available; Cable available; Electricity connected; Water connected
• Home design: Manufactured home (double wide); Single-story; Faces south
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built as double wide manufactured home
• Exterior features: Enclosed patio/porch; Paved road access; Irrigation equipment

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Crawlspace foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Crown molding; Thermostat; Enclosed Florida room
• Laundry & utility: Laundry room; Washer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $140k.

Deal economics

• At list price, monthly cash flow is $241 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $127k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.7% in Wesley Chapel — 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 79/100 on livability (#143 in FL, #2,137 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: 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.
• Zoned schools: Chester W. Taylor Jr. Elementary School (math 33% / reading 37%, grade F, #1,697 of 2,144 statewide, top 80%, 654 students, 77% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 73% FRL vs 48% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-16 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-0.4%/yr); 638 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $967 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 119 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $54k; list at $140k implies a 159% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,309 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.16% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.38%
• DSCR: 1.33
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $124,488
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34616 Morning Glory Gln	0.34mi	2/2.0	960 (+3%)	8mo	$53,000	$55	73
34121 Tree Lake Dr	0.23mi	2/2.0	988 (+6%)	9mo	$118,000	$119	72
34313 Countryside Dr	0.06mi	2/2.0	1,040 (+11%)	16mo	$139,900	$135	65
34537 Morning Glory Gln	0.31mi	2/2.0	960 (+3%)	19mo	$140,000	$146	65
34630 Petunia Pl	0.32mi	2/2.0	864 (-8%)	10mo	$115,000	$133	64
34704 Morning Glory Gln	0.40mi	3/2.0 (+1)	888 (-5%)	6mo	$60,000	$68	63
34552 Rosebud Row	0.35mi	2/2.0	864 (-8%)	19mo	$118,000	$137	55
34645 Lily Ln	0.34mi	2/2.0	1,056 (+13%)	10mo	$127,500	$121	54
34632 Sweetpea Ln	0.34mi	2/1.0	816 (-13%)	6mo	$70,000	$86	54
34701 Morning Glory Gln	0.41mi	2/2.0	1,056 (+13%)	16mo	$165,000	$156	46

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: -8.6%
• Equity multiple: 0.69×
• Total profit: $-12,018
• Equity at exit: $20,860

10-year hold

• IRR: -4.0%
• Equity multiple: 0.77×
• Total profit: $-8,838
• Equity at exit: $12,096

Cash invested: $39,172 (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 33543

• Home prices YoY: -24.0%
• Rents YoY: -0.4%
• Active inventory: 638
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,627 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$36 /mo · $427/yr
• Insurance: −$58
• HOA: −$217
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $241

Break-even live

Break-even rent $1,322

Max offer price $139,900

Occupancy floor 80%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3030 Beaver Creek Dr Wesley Chapel, FL	2.0	1.0	700	$950	$1.36	15d	1	0.20mi
3829 Kim Dr Wesley Chapel, FL	2.0	1.0	832	$1,395	$1.68	24d	1	0.85mi
33780 Charleston Club Cir Wesley Chapel, FL	1.0–2.0	1.0–2.0	977	$2,135	$2.19	2d	11	1.05mi
33976 Lusitano Dr Wesley Chapel, FL	1.0–3.0	1.0–2.5	1251	$2,284	$1.82	13d	71	1.42mi

HOA detail

• Monthly dues: $217 · $2,604/yr

Listing history 17 events

1. 2026-06-18
   days on market $139,900 Active 119 DOM
2. 2026-06-17
   days on market $139,900 Active 118 DOM
3. 2026-06-16
   days on market $139,900 Active 117 DOM
4. 2026-06-15
   days on market $139,900 Active 116 DOM
5. 2026-06-13
   days on market $139,900 Active 114 DOM
6. 2026-06-09
   days on market $139,900 Active 110 DOM
7. 2026-06-08
   days on market $139,900 Active 109 DOM
8. 2026-06-08
   price $139,900 Active 108 DOM
9. 2026-06-07
   days on market $150,000 Active 108 DOM
10. 2026-06-04
    days on market $150,000 Active 105 DOM
11. 2026-06-03
    days on market $150,000 Active 104 DOM
12. 2026-06-02
    days on market $150,000 Active 103 DOM
13. 2026-06-01
    days on market $150,000 Active 102 DOM
14. 2026-05-31
    days on market $150,000 Active 101 DOM
15. 2026-02-19
    listed $150,000 Active
16. 2004-04-26
    soldstatus $54,000
17. 1994-01-18
    soldstatus $25,000

ⓘ 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: $427 · $36/mo
• Projected year-2 tax: $1,161 · $97/mo
• Expected delta: +$734/yr (+$61/mo · 171.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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: $19,527
• − Mortgage interest: −$7,837
• − Property taxes: −$427
• − Insurance: −$700
• − Repairs & maintenance: −$1,562
• − Management: −$1,562
• − HOA: −$2,604
• − Depreciation: −$4,070
• Taxable income: $766
• Est. tax owed @ 24.0%: −$184
• After-tax cash flow: $2,708/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 — Wesley Chapel

• Score: 79/100
• State rank: #143
• US rank: #2137

Category grades

Amenities C Commute F Cost of living B- Crime A- Employment A+ Housing A+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wesley Chapel, FL
• County: Pasco County · 524,098 people
• City population: 100,771
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 40,648
• Household income: $107,349
• Rent vs Own: 14.8% rent · 85.2% own
• Severe rent burden: 407.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 51% Hispanic / Latino 22% Two or more races 15% Black 12% Asian 9%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 71% English-only · Spanish 16% Other Indo-European 2% Tagalog/Filipino 2%

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: ▼ -83.13%
• Current HPI: 263.2513
• Rent YoY: ▼ -0.37%
• 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

+500.0% since first listed

3 events — show timeline

• 2026-02-19 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2004-04-26 Sold (Public Records) $54,000 Public Records
• 1994-01-18 Sold (Public Records) $25,000 Public Records

Property tax history

+1.0%/yr

Latest (2025): $427 · +6.4% YoY. Source: county tax records.