36301 Peak St · Pasadena Hills, FL 33541

$133,333

3 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 91 Days on market

Built 1987 0.53 ac lot Est $229k · 42% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

Key facts

• Zephyr park
• Walking trails
• 0.53 acre lot

Tags

• LARGE GARAGE STORAGE SHED
• WALKING TRAILS
• ZEPHYR PARK
• HILLSBOROUGH RIVER STATE PARK

Property features AI

Finance

• Other: Living area 1,456 (public records); Building area 1,456 (public records)
• Financial info: No lease restrictions; Property zoned AC
• HOA & community: No association

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Private water source; Private sewer; Private utilities / Other
• Home design: Manufactured home (Residential); Single-story; Faces south; Entry level: One
• Construction: Vinyl siding; Other roof type; Crawlspace foundation; Built on 1/2 to less than 1 acre lot
• Exterior features: Balcony; Private mailbox; Storage

Interior

• Kitchen: Convection oven; Cooktop; Dishwasher; Microwave
• Bedrooms: 3 bedrooms
• Flooring: Vinyl flooring; Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Kitchen/family room combo; Dining area (L-shaped); Living/dining room combo; Open floorplan; Solid surface counters; Solid wood cabinets
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $133k.

Deal economics

• At list price, monthly cash flow is $960 ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $133k).
• Recommended offer: $121k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.9% 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; 13 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).
• At $2,245/mo this rent would consume 48% of the median local household income ($57k/yr) (locally 393% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $922 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $37k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y ago; this cycle's ask has dropped $17k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $133k implies a 684% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $121,333 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.68% ✓
• Cap rate: 14.94%
• Cash-on-cash: 30.87%
• DSCR: 2.37
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $228,592
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
36246 Peak St	0.04mi	3/2.0	1,620 (+11%)	11mo	$255,000	$157	70

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: 22.4%
• Equity multiple: 1.88×
• Total profit: $32,957
• Equity at exit: $19,880

10-year hold

• IRR: 28.5%
• Equity multiple: 3.19×
• Total profit: $81,913
• Equity at exit: $11,528

Cash invested: $37,333 (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: 4.9×

Monthly cashflow live

• Estimated rent: $2,245 high
• Mortgage (P&I): −$699
• Tax from tax record: −$58 /mo · $698/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $960

Break-even live

Break-even rent $1,029

Max offer price $133,333

Occupancy floor 52%

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: $33,333
• Closing costs: $4,000
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7064 Ripple Pond Loop Zephyrhills, FL	3.0	2.5	1787	$2,047	$1.15	15d	1	0.71mi
6773 Branham Mill Ct Zephyrhills, FL	3.0	2.0	1454	$1,950	$1.34	24d	1	0.87mi
36095 Carriage Pine Ct Zephyrhills, FL	3.0	2.0	1461	$1,990	$1.36	24d	1	1.06mi
36403 Well Hill Way Zephyrhills, FL	3.0	2.5	1528	$2,200	$1.44	24d	1	1.08mi
36352 Well Hill Way Zephyrhills, FL	3.0	2.5	1634	$1,950	$1.19	2d	1	1.11mi
36406 Well Hill Way Zephyrhills, FL	3.0	2.5	1634	$2,000	$1.22	18d	1	1.11mi
36401 Camp Fire Ter Unit 36401 Zephyrhills, FL	3.0	2.5	1634	$1,895	$1.16	20d	1	1.13mi
36507 Camp Fire Ter Zephyrhills, FL	3.0	2.0	1537	$2,500	$1.63	24d	1	1.15mi
35255 Crescent Creek Dr Zephyrhills, FL	3.0	2.0	1532	$2,497	$1.63	18d	1	1.25mi
6633 Foxmoor Dr Zephyrhills, FL	3.0	2.0	1300	$2,000	$1.54	24d	1	1.25mi
6213 Back Forty Loop Zephyrhills, FL	4.0	2.5	1870	$2,395	$1.28	4d	1	1.26mi
33529 Buttonweed Trl Zephyrhills, FL	3.0	2.0	1412	$2,500	$1.77	24d	1	1.34mi
36887 Highland Meadows Ct Zephyrhills, FL	4.0	2.0	1828	$2,250	$1.23	24d	1	1.50mi

Listing history 22 events

1. 2026-06-13
   status $133,333 Pending 91 DOM
2. 2026-06-01
   days on market $133,333 Active 91 DOM
3. 2026-05-31
   days on market $133,333 Active 90 DOM
4. 2026-04-14
   price $133,333
5. 2026-03-02
   listed $149,999 Active
6. 2026-02-26
   historical
7. 2025-11-06
   listed $150,000 Active
8. 2018-03-15
   status Pending 1033-char remark

   Show marketing remark (1033 chars)

   This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

9. 2018-03-15
   soldstatus $17,000 Sold 1033-char remark

   Show marketing remark (1033 chars)

   This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

10. 2018-02-12
    status Active 1033-char remark

    Show marketing remark (1033 chars)

    This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

11. 2018-01-25
    status Pending 1033-char remark

    Show marketing remark (1033 chars)

    This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

12. 2018-01-22
    status Active 1033-char remark

    Show marketing remark (1033 chars)

    This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

13. 2018-01-09
    status Pending 1033-char remark

    Show marketing remark (1033 chars)

    This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

14. 2018-01-04
    listed $25,000 Active 1033-char remark

    Show marketing remark (1033 chars)

    This home needs extensive repairs and updating but could be great flip, rental or starter home for the right person. The price is based on land value only. Owner and/or listing agent are not sure the mobile home can even be repaired to be habitable again. Property being sold AS IS, WHERE IS and HOW IS. Mobile Home has title issues and may not be conveyed with land. Be very careful when at the property and home. Preferred terms are: Cash - no inspection period - no assignability - close in 20 days or less - using our title company – Earnest money check must be sent with all offer to be considered by seller. Buyers to verify all measurements and information. Corporate seller that has never occupied the property and has no disclosures. Buyer to perform any inspections and due diligence before making an offer. Seller will allow potential buyers to turn on utilities at potential buyer’s expense. Listing agent has no information or disclosures about this property, all information is gathered thru public records.

15. 2012-11-24
    historical
16. 2012-09-19
    listed $22,500
17. 2011-03-02
    historical
18. 2010-05-12
    listed $25,000
19. 2002-07-05
    soldstatus $68,000
20. 1999-09-09
    soldstatus $80,000
21. 1996-04-02
    soldstatus $25,000
22. 1994-10-25
    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: $698 · $58/mo
• Projected year-2 tax: $1,107 · $92/mo
• Expected delta: +$408/yr (+$34/mo · 58.5%)

ⓘ 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 5/10 Major
• 🌡 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: $26,939
• − Mortgage interest: −$7,469
• − Property taxes: −$698
• − Insurance: −$667
• − Repairs & maintenance: −$2,155
• − Management: −$2,155
• − Depreciation: −$3,879
• Taxable income: $9,916
• Est. tax owed @ 24.0%: −$2,380
• After-tax cash flow: $9,146/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

+788.9% since first listed

19 events — show timeline

• 2026-04-14 Price Changed $133,333 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Listed $149,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-06 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-03-15 Sold (MLS) $17,000 Stellar MLS as Distributed by MLS Grid
• 2018-02-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-01-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-01-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-01-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-01-04 Listed $25,000 Stellar MLS as Distributed by MLS Grid
• 2012-11-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-09-19 Listed $22,500 Stellar MLS as Distributed by MLS Grid
• 2011-03-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-05-12 Listed $25,000 Stellar MLS as Distributed by MLS Grid
• 2002-07-05 Sold (Public Records) $68,000 Public Records
• 1999-09-09 Sold (Public Records) $80,000 Public Records
• 1996-04-02 Sold (Public Records) $25,000 Public Records
• 1994-10-25 Sold (Public Records) $15,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $698 · +2.1% YoY. Source: county tax records.