37832 Madeira Ave · Pasadena Hills, FL 33541

$119,900

2 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 369 Days on market

Built 1982 3,821 sqft lot Est $125k · at est. $129/mo HOA · 8% of rent

---

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 +27.9/30.0
• DSCR +9.9/10.0
• ARV discount +9.2/15.0
• 1% rule +8.9/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

Key facts

• Spa
• Club house
• Heated pool

Tags

• HEATED POOL
• CLUB HOUSE
• SPA

Property features AI

Finance

• Other: Lot approximately 0.09 acres (about 0 to less than 1/4 acre); Road surface: asphalt
• Financial info: Total annual fees reported: $1,548
• HOA & community: Has HOA (monthly fee $129); Association name: Margret Thomas; Senior community; Pets allowed with restrictions (cats OK; breed and size limits)

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public sewer (connected); Electricity connected; Cable available; Public utilities
• Home design: Manufactured double-wide home; One story; Faces north; Crawlspace foundation
• Construction: Vinyl siding; Metal roof
• Exterior features: Storage; Asphalt road access

Interior

• Kitchen: Standard appliances (exhaust fan listed)
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Exhaust fan; Electric water heater
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $370 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 3.7% 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; 23 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 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 $829 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 369 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $20k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $53k; list at $120k implies a 126% 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 369 days. Have you received any prior offers? Is the seller open to a 12% 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: 1.39% ✓
• Cap rate: 10.00%
• Cash-on-cash: 13.24%
• DSCR: 1.59
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $124,608
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37817 Granada Ave	0.12mi	2/2.0	1,056 (0%)	4mo	$125,000	$118	91
37838 Granada Ave	0.10mi	2/2.0	1,056 (0%)	9mo	$139,000	$132	88
7053 EL Conquistador St	0.05mi	2/2.0	1,056 (0%)	12mo	$122,000	$116	88
37820 Madeira Ave	0.02mi	2/2.0	1,056 (0%)	16mo	$139,000	$132	86
37848 Barcelona Ave	0.07mi	2/2.0	1,056 (0%)	13mo	$125,000	$118	86
37838 Barcelona Ave	0.06mi	2/2.0	1,128 (+7%)	4mo	$136,000	$121	83
37832 Mission Hills Ave	0.13mi	2/2.0	1,056 (0%)	16mo	$113,000	$107	80
37452 Attica Ave	0.41mi	2/1.5	1,028 (-3%)	5mo	$94,000	$91	71
6902 Orlo Dr	0.48mi	2/2.0	1,104 (+4%)	2mo	$75,000	$68	68
37648 Campo Ave	0.21mi	2/2.0	972 (-8%)	11mo	$114,000	$117	68
37611 Amigo Dr	0.24mi	2/2.0	1,196 (+13%)	14mo	$140,000	$117	55
37642 Amigo Dr	0.19mi	3/2.0 (+1)	1,204 (+14%)	14mo	$156,000	$130	51

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: -0.5%
• Equity multiple: 0.98×
• Total profit: $-625
• Equity at exit: $17,877

10-year hold

• IRR: 5.4%
• Equity multiple: 1.34×
• Total profit: $11,351
• Equity at exit: $10,367

Cash invested: $33,572 (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: 6.0×

Monthly cashflow live

• Estimated rent: $1,667 high
• Mortgage (P&I): −$629
• Tax from tax record: −$139 /mo · $1,667/yr
• Insurance: −$50
• HOA: −$129
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $370

Break-even live

Break-even rent $1,198

Max offer price $119,900

Occupancy floor 73%

Sensitivity live

Price	-10% $438	-5% $404	+0% $370	+5% $336	+10% $303
Rent	-10% $239	-5% $305	+0% $370	+5% $436	+10% $502
Rate	-1.0pp $431	-0.5pp $401	base $370	+0.5pp $339	+1.0pp $308

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 23 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	0.16mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	24d	1	0.26mi
7660 Emerson Hill Cir Zephyrhills, FL	1.0–3.0	1.0–2.0	1077	$1,964	$1.82	2d	34	0.60mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	24d	1	0.70mi
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	24d	1	0.70mi
6335 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,650	$1.21	21d	1	0.84mi
38485 County Road 54 Zephyrhills, FL	2.0	1.0	800	$1,100	$1.38	24d	1	0.84mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	0.84mi
6633 Foxmoor Dr Zephyrhills, FL	3.0	2.0	1300	$2,000	$1.54	24d	1	0.84mi
6246 Timberly Ln Zephyrhills, FL	3.0	2.5	1363	$1,900	$1.39	24d	1	0.86mi
37661 Aaralyn Rd Zephyrhills, FL	3.0	2.5	1363	$1,800	$1.32	24d	1	0.87mi
6262 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,700	$1.25	24d	1	0.88mi
6195 Daerr Ridge St Zephyrhills, FL	3.0	2.5	1386	$2,000	$1.44	18d	1	0.96mi
38300 Henry Dr Zephyrhills, FL	2.0	1.0	1152	$1,650	$1.43	5d	1	0.98mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	2d	142	1.02mi
6136 Pina Colada St Zephyrhills, FL	3.0	2.5	1386	$2,100	$1.52	13d	1	1.03mi
6773 Branham Mill Ct Zephyrhills, FL	3.0	2.0	1454	$1,950	$1.34	24d	1	1.10mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	5d	1	1.18mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	24d	1	1.34mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	24d	1	1.36mi
39132 County Rd Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	24d	1	1.41mi
39132 County Road 54 #2184 Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	24d	1	1.43mi
38719 12th Ave Zephyrhills, FL	2.0	1.5	1246	$1,400	$1.12	24d	1	1.45mi

HOA detail

• Monthly dues: $129 · $1,548/yr
• Likely covers: pool

Listing history 26 events

1. 2026-06-18
   days on market $119,900 Active 369 DOM
2. 2026-06-17
   days on market $119,900 Active 368 DOM
3. 2026-06-16
   days on market $119,900 Active 367 DOM
4. 2026-06-15
   days on market $119,900 Active 366 DOM
5. 2026-06-13
   days on market $119,900 Active 364 DOM
6. 2026-06-09
   days on market $119,900 Active 360 DOM
7. 2026-06-08
   days on market $119,900 Active 359 DOM
8. 2026-06-07
   days on market $119,900 Active 358 DOM
9. 2026-06-04
   statusdays on market $119,900 Active 355 DOM
10. 2026-02-22
    price $119,900
11. 2026-02-02
    status Active
12. 2026-01-24
    historical
13. 2026-01-14
    price $124,900
14. 2025-12-12
    price $129,900
15. 2025-11-29
    status Active
16. 2025-11-24
    historical
17. 2025-09-17
    price $134,900
18. 2025-05-23
    listed $139,900 Active
19. 2024-11-07
    soldstatus $53,000
20. 2024-10-25
    soldstatus $53,000 Closed 1690-char remark

    Show marketing remark (1690 chars)

    Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

21. 2024-10-20
    status Pending 1690-char remark

    Show marketing remark (1690 chars)

    Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

22. 2024-10-13
    status Active 1690-char remark

    Show marketing remark (1690 chars)

    Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

23. 2024-09-07
    status Pending 1690-char remark

    Show marketing remark (1690 chars)

    Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

24. 2024-08-21
    price $69,900 1690-char remark

    Show marketing remark (1690 chars)

    Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

25. 2024-06-21
    price $78,500 1690-char remark

    Show marketing remark (1690 chars)

    Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

26. 2024-05-07
    listed $85,000 Active 1690-char remark

    Show marketing remark (1690 chars)

    Are you looking to get into a home at a great price and put some sweat equity into it? Or maybe you are looking for your next fix and flip project? If your answer is "yes", then 37832 Madeira Avenue in Spanish Trails just might be the place for you! This home has two bedrooms and two bathrooms but has soft floors in almost every room. The living room along the front of the home is 22 X 11 so has plenty of space and it also has lots of built-in cabinetry for extra storage. The kitchen has ample counter and cabinet space for all of your cooking needs plus a breakfast bar and sliding door to let the Florida breezes flow thru. The dining room is just of the kitchen and has built-in cabinetry as well. The primary bedroom ensuite is all along the back of the home. The primary bedroom itself is 14 X 11 and could accommodate a king size bed. The primary bath has a walk-in shower with single sink vanity. The guest bedroom could accommodate a full-size bed and the guest bath is attached as a jack and jill that also exits to the entry hall. This guest bath has a tub with shower surround. Indoor laundry here too which includes the washer and dryer. Outside you will find an attached Florida room and shed, metal siding and an AC unit that is about 10 years old. The roof is metal, but it does need attention due to several ceiling leaks. This home is in a very desirable location in Spanish Trails directly across from the pool with hot tub, clubhouse and shuffle courts. Unfortunately, this home will not be able to be financed. Cash sales only. This property is also being sold "AS IS". Don't let this potential investment or sweat equity project pass you by!!

ⓘ 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: $1,667 · $139/mo
• Projected year-2 tax: $1,667 · $139/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 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: $20,006
• − Mortgage interest: −$6,716
• − Property taxes: −$1,667
• − Insurance: −$600
• − Repairs & maintenance: −$1,600
• − Management: −$1,600
• − HOA: −$1,548
• − Depreciation: −$3,488
• Taxable income: $2,786
• Est. tax owed @ 24.0%: −$669
• After-tax cash flow: $3,776/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

+41.1% since first listed

17 events — show timeline

• 2026-02-22 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-01-14 Price Changed $124,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-12 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-17 Price Changed $134,900 Stellar MLS as Distributed by MLS Grid
• 2025-05-23 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2024-11-07 Sold (Public Records) $53,000 Public Records
• 2024-10-25 Sold (MLS) $53,000 Stellar MLS as Distributed by MLS Grid
• 2024-10-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-09-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-08-21 Price Changed $69,900 Stellar MLS as Distributed by MLS Grid
• 2024-06-21 Price Changed $78,500 Stellar MLS as Distributed by MLS Grid
• 2024-05-07 Listed $85,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.6%/yr

Latest (2025): $1,667 · +19.6% YoY. Source: county tax records.