30688 Veridian Way · Wesley Chapel, FL 33543

$295,000

3 bd · 3.0 ba · 1,666 sqft · SingleFamily public records · 72 Days on market

Built 2023 Good condition 2,110 sqft lot Est $423k · 30% under $255/mo HOA · 11% of rent

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +11.3/30.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +4.0/5.0
• DSCR +3.3/10.0
• 1% rule +3.2/10.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks

Special Rate 5.9% Financing!! LOW HOA & NO CDD!!! UPGRADES THE BUILDER WON'T GIVE YOU IN THIS ALMOST NEW 3 Bedroom + Bonus Room Townhome HAS the BEST of EVERYTHING! Prime Location w/ FAST ACCESS TO 75 RIGHT OFF 54, AMAZING UPGRADES & OWNER IMPROVEMENTS!! * * TWO STORY ALL BLOCK CONSTRUCTION TOWNHOME!! * * (NO WOOD FRAME TO WORRY ABOUT) NO FORMICA COUNTERS, NO CARPETING, NO PLASTIC SHOWER SURROUNDS, NO CHEAP DROP IN SINKS!!! This HAS IT ALL features 3 spacious bedrooms, 2.5 baths, Large 1 Car Oversized Garage & EXTRA LOFT BONUS ROOM & COVERED SCREENED LANAI!! Awesome open-concept layout w/ dedicated FOYER, Large Coat Closet Open LIVING, DINING & KITCHEN!

Key facts

• $255 HOA
• Garage
• Built 2023

Property features AI

Finance

• Other: No lease restrictions indicated
• Financial info: Total monthly fees listed as $255; total annual fees listed as $3,060
• HOA & community: Monthly HOA fee of $255 (Melrose Management); HOA covers common area taxes, escrow reserves, grounds maintenance, management; Community features include community mailbox, deed restrictions, golf carts allowed, sidewalks, street lights; Pets allowed (cats and dogs)

Exterior

• Parking: Driveway; Garage with garage door opener; Oversized garage; Attached garage (1 car)
• Security: Owned security system; Smoke detectors
• Utilities: Public water; Public sewer; Broadband/High-speed internet available; Sewer connected; Water connected
• Home design: Residential townhouse; Completed condition; Two stories; South-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built as part of a planned unit development
• Exterior features: Covered front and rear porches; Screened porch; Sidewalks; Sliding doors; Mature landscaping with trees; Irrigation equipment; Paved public road

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Stone counters
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Ceiling fans; Crown molding; High ceilings; Open floorplan with living/dining combo; Split bedroom layout; Stone counters; Thermostat; Walk-in closets
• Laundry & utility: Inside laundry room on upper level; Inside utility/bonus space

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $295k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-108 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $276k (6.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (17.8% below list).
• Recommended offer: $243k (17.8% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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.
• Market conditions: Rents soft (-0.4%/yr); 638 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $2k of loan paydown is wiped out by about $9k 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 72 days — a 6% lower offer ($277k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $242,594 (17.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.82% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.57%
• DSCR: 0.93
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $423,164
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
31104 Pendleton Landing Cir	0.52mi	3/2.5	1,787 (+7%)	4mo	$425,000	$238	58
5714 Spivey Ct	0.34mi	3/2.5	1,787 (+7%)	15mo	$484,750	$271	58
31225 Pendleton Landing Cir	0.53mi	3/2.5	1,787 (+7%)	5mo	$422,630	$237	57
30962 Pendleton Landing Cir	0.63mi	3/2.0	1,807 (+8%)	2mo	$459,000	$254	51
31067 Pendleton Landing Cir	0.54mi	3/2.5	1,787 (+7%)	16mo	$439,935	$246	47
30997 Pendleton Landing Cir	0.59mi	3/2.5	1,787 (+7%)	13mo	$465,770	$261	47
31035 Pendelton Lndg	0.57mi	3/2.0	1,815 (+9%)	12mo	$480,175	$265	45
31394 Pendleton Landing Cir	0.65mi	3/2.5	1,787 (+7%)	14mo	$443,016	$248	44
5694 Spivey Ct	0.34mi	4/3.0 (+1)	1,905 (+14%)	14mo	$521,747	$274	43
5670 Spivey Ct	0.69mi	3/2.5	1,787 (+7%)	14mo	$447,687	$251	42
30217 Double Dr	0.65mi	4/2.0 (+1)	1,471 (-12%)	10mo	$325,000	$221	33
5664 Spivey Ct	0.69mi	3/2.5	1,905 (+14%)	13mo	$488,564	$256	31

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: -22.3%
• Equity multiple: 0.25×
• Total profit: $-61,761
• Equity at exit: $43,985

10-year hold

• IRR: -26.2%
• Equity multiple: -0.09×
• Total profit: $-89,997
• Equity at exit: $25,506

Cash invested: $82,600 (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: 10.1×

Monthly cashflow live

• Estimated rent: $2,426 high
• Mortgage (P&I): −$1,547
• Tax from tax record: −$100 /mo · $1,194/yr
• Insurance: −$123
• HOA: −$255
• Vacancy / Maint / Mgmt: −$509
• Net cashflow: $-108

Break-even live

Break-even rent $2,563

Max offer price $275,927

Occupancy floor 99%

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: $73,750
• Closing costs: $8,850
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30728 Veridian Way Wesley Chapel, FL	3.0	2.5	1666	$2,150	$1.29	18d	1	0.03mi
30708 Walker Cup Pl Wesley Chapel, FL	4.0	2.0	2055	$2,699	$1.31	24d	1	0.53mi
31155 Seaboard Cir Wesley Chapel, FL	3.0	1.0–2.0	977	$2,409	$2.46	3d	29	0.55mi
5483 Moonstone Way Unit 1 Wesley Chapel, FL	3.0	2.0	1248	$2,010	$1.61	24d	1	0.55mi
5840 Lake Front Dr Wesley Chapel, FL	4.0	2.5	1963	$2,125	$1.08	18d	1	0.57mi
30950 Mandolin Cay Ave Wesley Chapel, FL	4.0	2.0	1934	$2,250	$1.16	24d	1	0.58mi
4923 Rolling Green Dr Wesley Chapel, FL	4.0	2.0	2055	$2,595	$1.26	24d	1	0.59mi
30302 Double Dr Wesley Chapel, FL	4.0	2.5	1944	$2,250	$1.16	5d	1	0.60mi
5919 Lake Front Dr Wesley Chapel, FL	4.0	2.0	1420	$2,055	$1.45	5d	1	0.63mi
31371 Amberview Bnd Wesley Chapel, FL	3.0	2.5	1762	$2,300	$1.31	5d	1	0.89mi
30816 Pumpkin Ridge Dr Wesley Chapel, FL	3.0	2.5	2174	$2,250	$1.03	18d	1	0.92mi
30319 Birdhouse Dr Wesley Chapel, FL	3.0	2.0	1158	$2,115	$1.83	20d	1	0.93mi
30249 Birdhouse Dr Wesley Chapel, FL	4.0	2.5	1944	$2,380	$1.22	5d	1	0.94mi
30626 Birdhouse Dr Wesley Chapel, FL	3.0	2.0	1158	$2,200	$1.90	13d	1	0.99mi
6332 Open Pasture Ct Wesley Chapel, FL	3.0	2.0	1445	$2,165	$1.50	20d	1	1.09mi
4350 Fennwood Ct Wesley Chapel, FL	3.0	2.5	1777	$2,000	$1.13	24d	1	1.12mi
4338 Fennwood Ct Wesley Chapel, FL	3.0	2.5	1649	$2,250	$1.36	24d	1	1.14mi
5439 Lady Bug Ln #2 Wesley Chapel, FL	3.0	2.5	1688	$2,000	$1.18	24d	1	1.14mi
5424 Saddlebrook Way Wesley Chapel, FL	3.0	2.0	1693	$2,800	$1.65	24d	1	1.14mi
30853 Sade Ct Wesley Chapel, FL	3.0	2.0	1792	$2,115	$1.18	24d	1	1.15mi
6535 Tabogi Trl Wesley Chapel, FL	3.0	2.0	1158	$1,995	$1.72	24d	1	1.17mi
6419 Chapel Pines Blvd Wesley Chapel, FL	4.0	2.0	1434	$2,195	$1.53	24d	1	1.18mi
30120 Sotogrande Loop Wesley Chapel, FL	4.0	2.0	2078	$2,600	$1.25	22d	1	1.21mi
5427 Villa D Este Ct Wesley Chapel, FL	3.0	3.0	1534	$4,995	$3.26	3d	1	1.28mi
30555 Thunderbird Dr Wesley Chapel, FL	4.0	3.0	2203	$2,700	$1.23	20d	1	1.32mi
31810 Inkley Ct Wesley Chapel, FL	3.0	2.0	1617	$2,100	$1.30	18d	1	1.34mi
6274 Caroline Dr Wesley Chapel, FL	2.0–3.0	2.0	1497	$2,875	$1.92	2d	6	1.46mi
4744 Fox Hunt Dr Unit 1022 & 1024 Zephyrhills, FL	2.0	2.0	1420	$2,600	$1.83	24d	1	1.46mi
3928 Fraccareta Way Wesley Chapel, FL	3.0	2.0	1956	$3,225	$1.65	24d	1	1.48mi

HOA detail

• Monthly dues: $255 · $3,060/yr

Listing history 14 events

1. 2026-06-18
   days on market $295,000 Active 72 DOM
2. 2026-06-17
   days on market $295,000 Active 71 DOM
3. 2026-06-16
   days on market $295,000 Active 70 DOM
4. 2026-06-15
   days on market $295,000 Active 69 DOM
5. 2026-06-13
   days on market $295,000 Active 67 DOM
6. 2026-06-09
   days on market $295,000 Active 63 DOM
7. 2026-06-08
   days on market $295,000 Active 62 DOM
8. 2026-06-07
   days on market $295,000 Active 61 DOM
9. 2026-06-04
   days on market $295,000 Active 58 DOM
10. 2026-06-03
    days on market $295,000 Active 57 DOM
11. 2026-06-02
    days on market $295,000 Active 56 DOM
12. 2026-06-01
    days on market $295,000 Active 55 DOM
13. 2026-05-31
    days on market $295,000 Active 54 DOM
14. 2026-04-07
    listed $295,000 Active

ⓘ 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: $1,194 · $100/mo
• Projected year-2 tax: $2,448 · $204/mo
• Expected delta: +$1,254/yr (+$105/mo · 105.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,111
• − Mortgage interest: −$16,525
• − Property taxes: −$1,194
• − Insurance: −$1,475
• − Repairs & maintenance: −$2,329
• − Management: −$2,329
• − HOA: −$3,060
• − Depreciation: −$8,582
• Taxable loss: −$6,382
• Est. tax savings @ 24.0%: +$1,532
• After-tax cash flow: $236/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 80/100 Cosmetic rehab

This nearly new townhome is in excellent condition with modern upgrades and a prime location.

Value-add opportunities

• Resale Paint exterior trim — Enhances curb appeal
• Rental Clean gutters — Keeps property in good condition

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior trim — Enhances curb appeal ↑
• Rental Clean gutters — Keeps property in good condition ↑

ⓘ 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 — 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

1 event — show timeline

• 2026-04-07 Listed $295,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+77.2%/yr

Latest (2025): $1,194 · -72.5% YoY. Source: county tax records.