6307 Wealthy Ln · Zephyrhills North, FL 33542

$144,900

3 bd · 2.0 ba · 924 sqft · Manufactured public records · 231 Days on market

Built 1984 4,194 sqft lot Est $103k · 40% over $140/mo HOA · 9% of rent ↓ 2% since listing

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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).

• Cash flow +16.6/30.0
• 1% rule +5.2/10.0
• DSCR +5.2/10.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

IT'S ALL ABOUT LIFESTYLE!!! Come check out the Beautiful, Furnished and Move-In Ready HOME in Country Aire Village (55+). This is a co-operative Mobile Home Community with LOW ($140) monthly fees which include cable TV and internet also water & sewer. This community offer a busy activities calendar with concerts on the 5 Acre. This Home has been beautifully remodeled with loads of up-grades. For a single wide, this is boasting with loads of space Enjoy this perfect location right in the HEART of C. A. V. The recreational hall is right across the street as well as the heated pool and Pickle Ball court. This beautifully home boasts pride of ownership and Florida active living. This hom

Key facts

• Recreational hall
• Pickle ball court
• Heated pool

Tags

• LOW HOA FEE
• RECREATIONAL HALL
• HEATED POOL
• PICKLE BALL COURT
• MODERN OPEN FLOOR PLAN
• NEW EASY CLEAN CABINETS

Property features AI

Finance

• Other: Furnished; Total living area reported (estimated) 1280 sq ft; Building area total 1968 sq ft; Total acreage: less than 1/4 acre
• Financial info: Lease restrictions apply; Annual taxes listed
• HOA & community: Association required (Bonnie) — $140 monthly; Association amenities: Cable TV, Clubhouse, Gated community, Laundry, Pickleball court(s), Pool, Recreation facilities, Sauna, Shuffleboard court, Spa/Hot Tub, Tennis court(s); Association fee includes: Cable TV, Common area taxes, Pool, Escrow reserves, Internet, Management, Private road, Recreational facilities, Sewer, Trash, Water; Association approval required; Community features: Clubhouse, Deed restrictions, Golf carts allowed, Pool, Street lights; Senior community; Pets allowed (cats and dogs), max pet weight 25 lbs

Exterior

• Parking: Covered parking; 1-car carport
• Utilities: Private water; Private sewer; Cable connected; Electricity connected; Sewer connected; Water connected; Underground utilities; Sprinkler recycled
• Home design: Manufactured home (single wide); 1 story; Multi/split levels; Faces south; Completed condition
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built on a 0.1 acre lot
• Exterior features: Awning(s); Rain gutters; Irrigation equipment; Asphalt road; Private maintained road

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Water filtration system
• Laundry & utility: Washer; Dryer; Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $88 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#787 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime 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 falling (-3.6%/yr); 297 active listings in the ZIP; 27 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 36% of the median local income ($49k/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 $1k 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 231 days — a 12% lower offer ($128k) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 231 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. 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?
7. 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.
8. 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.
9. 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: 1.02% ✓
• Cap rate: 7.02%
• Cash-on-cash: 2.60%
• DSCR: 1.12
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $103,488
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39153 Hillcrest Dr	0.17mi	2/1.5 (-1)	932 (+1%)	5mo	$70,000	$75	80
6246 Midland St	0.41mi	3/2.0	960 (+4%)	4mo	$101,000	$105	71
39115 Ola Ave	0.37mi	2/2.0 (-1)	960 (+4%)	1mo	$120,000	$125	70
39047 Hillcrest Dr	0.30mi	2/2.0 (-1)	896 (-3%)	8mo	$100,000	$112	70
39613 Sterling Dr	0.49mi	2/2.0 (-1)	896 (-3%)	3mo	$95,000	$106	65
39652 Elgin Dr	0.48mi	3/2.0	960 (+4%)	10mo	$143,000	$149	63
39033 Flora Ave	0.45mi	2/1.0 (-1)	903 (-2%)	7mo	$85,000	$94	61
39519 Rockford Ave	0.41mi	2/1.5 (-1)	844 (-9%)	11mo	$120,000	$142	50

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: -15.8%
• Equity multiple: 0.45×
• Total profit: $-22,140
• Equity at exit: $21,605

10-year hold

• IRR: -14.3%
• Equity multiple: 0.30×
• Total profit: $-28,517
• Equity at exit: $12,528

Cash invested: $40,572 (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 33542

• Home prices YoY: -20.6%
• Rents YoY: -3.6%
• Active inventory: 297
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,477 high
• Mortgage (P&I): −$760
• Tax from tax record: −$119 /mo · $1,428/yr
• Insurance: −$60
• HOA: −$140
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $88

Break-even live

Break-even rent $1,366

Max offer price $144,900

Occupancy floor 89%

Sensitivity live

Price	-10% $170	-5% $129	+0% $88	+5% $47	+10% $6
Rent	-10% $-29	-5% $30	+0% $88	+5% $146	+10% $205
Rate	-1.0pp $161	-0.5pp $125	base $88	+0.5pp $50	+1.0pp $12

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
39132 County Road 54 #2184 Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	25d	1	0.31mi
39132 County Rd Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	25d	1	0.32mi
38939 North Ave Unit 2 Zephyrhills, FL	2.0	1.0	870	$1,300	$1.49	18d	1	0.53mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	6d	1	0.63mi
5603 Eugene Dr Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	13d	1	0.71mi
5548 Annette St Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	13d	1	0.72mi
5532 Jennie St Zephyrhills, FL	2.0	2.0	862	$1,100	$1.28	13d	1	0.72mi
38942 9th Ave Zephyrhills, FL	2.0	1.0	850	$1,425	$1.68	25d	1	0.74mi
5600 Jennie St Zephyrhills, FL	2.0	2.0	730	$1,100	$1.51	25d	1	0.74mi
5647 20th St Zephyrhills, FL	2.0	1.0	850	$1,425	$1.68	25d	1	0.74mi
5552 Annette St Zephyrhills, FL	2.0	1.0	652	$1,049	$1.61	25d	1	0.76mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	25d	1	0.76mi
38621 Rose Ln Zephyrhills, FL	2.0	1.0	1040	$1,495	$1.44	0d	1	0.79mi
5652 18th St Zephyrhills, FL	2.0	1.0	976	$1,200	$1.23	25d	1	0.79mi
5542 20th St Unit 1234473P Zephyrhills, FL	2.0	2.0	839	$3,199	$3.81	4d	1	0.84mi
5532 20th St Unit 1234470P Zephyrhills, FL	2.0	2.0	839	$7,732	$9.22	0d	1	0.84mi
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	1.04mi
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	25d	1	1.04mi
38552 9th Ave Zephyrhills, FL	4.0	2.0	1052	$2,100	$2.00	21d	1	1.06mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	25d	1	1.11mi
39014 South Ave Zephyrhills, FL	2.0	1.0	840	$1,395	$1.66	6d	1	1.38mi
39014 South Ave Zephyrhills, FL	2.0	1.0	840	$1,395	$1.66	0d	1	1.38mi
5028 16th St Zephyrhills, FL	2.0	2.0	1092	$1,545	$1.41	0d	1	1.41mi
5441 6th St Zephyrhills, FL	2.0	1.0	1014	$1,650	$1.63	25d	1	1.47mi
4845 20th St Zephyrhills, FL	2.0	1.0	752	$1,350	$1.80	25d	1	1.48mi
38702 South Ave Zephyrhills, FL	2.0	1.0	800	$1,600	$2.00	25d	1	1.50mi

HOA detail

• Monthly dues: $140 · $1,680/yr
• Likely covers: watersewerinternetcablepool

Listing history 16 events

1. 2026-06-18
   days on market $144,900 Active 231 DOM
2. 2026-06-17
   days on market $144,900 Active 230 DOM
3. 2026-06-16
   days on market $144,900 Active 229 DOM
4. 2026-06-15
   days on market $144,900 Active 228 DOM
5. 2026-06-13
   days on market $144,900 Active 226 DOM
6. 2026-06-09
   days on market $144,900 Active 222 DOM
7. 2026-06-08
   days on market $144,900 Active 221 DOM
8. 2026-06-07
   days on market $144,900 Active 220 DOM
9. 2026-06-04
   days on market $144,900 Active 217 DOM
10. 2026-06-03
    days on market $144,900 Active 216 DOM
11. 2026-06-02
    days on market $144,900 Active 215 DOM
12. 2026-06-01
    days on market $144,900 Active 214 DOM
13. 2026-05-31
    days on market $144,900 Active 213 DOM
14. 2026-01-21
    price $144,900
15. 2025-12-03
    price $145,000
16. 2025-10-30
    listed $148,000 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: $1,428 · $119/mo
• Projected year-2 tax: $1,428 · $119/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 · 22 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: $17,729
• − Mortgage interest: −$8,117
• − Property taxes: −$1,428
• − Insurance: −$724
• − Repairs & maintenance: −$1,418
• − Management: −$1,418
• − HOA: −$1,680
• − Depreciation: −$4,215
• Taxable loss: −$1,272
• Est. tax savings @ 24.0%: +$305
• After-tax cash flow: $1,360/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 — Zephyrhills North

• Score: 61/100
• State rank: #787
• US rank: #18026

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zephyrhills North, FL
• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 23,612
• Household income: $49,316
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 831.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 17% Two or more races 8% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 10%
• Common ancestry: Lithuanian 3% Romanian 2% Iranian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 12% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -81.25%
• Current HPI: 313.3993
• Rent YoY: ▼ -3.56%
• 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

-2.1% since first listed

3 events — show timeline

• 2026-01-21 Price Changed $144,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-03 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-30 Listed $148,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+18.3%/yr

Latest (2025): $1,428 · +11.1% YoY. Source: county tax records.