37748 Markland Ave · Zephyrhills West, FL 33542

$91,500

1 bd · 1.0 ba · 480 sqft · Manufactured public records · 32 Days on market

Built 1969 4,250 sqft lot

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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 +29.9/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.1/10.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HAPPY PLACE TO ENJOY ON A BUDGET. 2 bedrooms, bath with walk-in shower, screen room, storage room and nice grilling area in backyard under the shade. This home has a roof- over and has newer kitchen cabinets & counter top. Newer, dark laminate floors in living room & kitchen area. A few touch ups here and there and the remodel will be finished. Excellent location with easy access to restaurants. Being Sold as is with the Buyers right in inspect.

Key facts

• Upgraded widows
• Renovated
• Asphalt driveway

Tags

• OWN YOUR LAND
• NO HOA FEES
• RENOVATED
• UPGRADED WIDOWS
• UPGRADED ELECTRIC
• ASPHALT DRIVEWAY

Property features AI

Finance

• Other: Homestead exemption indicated; Zoned RMH; Property listed as unfurnished
• HOA & community: No association indicated; No lease restrictions

Exterior

• Parking: Carport (1 car)
• Utilities: Private water source; Septic tank; Cable connected; Electricity available; Phone available
• Home design: Single-wide mobile home; Residential property type; One story; Faces north
• Construction: Metal siding; Metal roof; Concrete foundation; Completed condition; Approximately 2006 square feet building area source indicates owner (building area total 720)
• Exterior features: Located within city limits; Street is a dead-end; Shed(s) on the property; Asphalt road access

Interior

• Kitchen: Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Kitchen and family room are combined; Blinds on windows
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry room located inside

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $92k.

Deal economics

• At list price, monthly cash flow is $338 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $92k).
• Recommended offer: $89k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% vs local median 7.8% in Zephyrhills West — 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 61/100 on livability (#772 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• 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: West Zephyrhills Elementary School (math 27% / reading 32%, grade F, #1,896 of 2,144 statewide, top 90%, 615 students, 81% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 75% FRL vs 48% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 51% district-wide (-18 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-3.6%/yr); 294 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $633 of loan paydown is wiped out by about $3k 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 32 days — a 3% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $44k; list at $92k implies a 108% 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 $88,755 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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: 1.21% ✓
• Cap rate: 10.72%
• Cash-on-cash: 15.82%
• DSCR: 1.70
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 3.5%
• Equity multiple: 1.13×
• Total profit: $3,397
• Equity at exit: $13,643

10-year hold

• IRR: 10.3%
• Equity multiple: 1.70×
• Total profit: $17,956
• Equity at exit: $7,911

Cash invested: $25,620 (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: 294
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,106 medium
• Mortgage (P&I): −$480
• Tax from tax record: −$18 /mo · $214/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $338

Break-even live

Break-even rent $678

Max offer price $91,500

Occupancy floor 64%

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: $22,875
• Closing costs: $2,745
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38706 Daughtery Rd Zephyrhills, FL	1.0	1.0	445	$974	$2.19	16d	2	1.39mi

Listing history 29 events

1. 2026-06-18
   days on market $91,500 Active 32 DOM
2. 2026-06-17
   days on market $91,500 Active 31 DOM
3. 2026-06-16
   days on market $91,500 Active 30 DOM
4. 2026-06-15
   days on market $91,500 Active 29 DOM
5. 2026-06-13
   days on market $91,500 Active 27 DOM
6. 2026-06-09
   remarks 520-char remark
7. 2026-06-09
   pricedays on market $91,500 Active 23 DOM
8. 2026-06-08
   days on market $92,500 Active 22 DOM
9. 2026-06-07
   days on market $92,500 Active 21 DOM
10. 2026-06-04
    days on market $92,500 Active 18 DOM
11. 2026-06-03
    days on market $92,500 Active 17 DOM
12. 2026-06-02
    days on market $92,500 Active 16 DOM
13. 2026-06-01
    days on market $92,500 Active 15 DOM
14. 2026-05-31
    days on market $92,500 Active 14 DOM
15. 2026-05-17
    listed $92,500 Active
16. 2020-12-11
    soldstatus $44,000 Sold 461-char remark

    Show marketing remark (461 chars)

    HAPPY PLACE TO ENJOY ON A BUDGET. 2 bedrooms, bath with walk-in shower, screen room, storage room and nice grilling area in backyard under the shade. This home has a roof- over and has newer kitchen cabinets & counter top. Newer, dark laminate floors in living room & kitchen area. A few touch ups here and there and the remodel will be finished. Excellent location with easy access to restaurants. Being Sold as is with the Buyers right in inspect.

17. 2020-12-01
    status Pending 461-char remark

    Show marketing remark (461 chars)

    HAPPY PLACE TO ENJOY ON A BUDGET. 2 bedrooms, bath with walk-in shower, screen room, storage room and nice grilling area in backyard under the shade. This home has a roof- over and has newer kitchen cabinets & counter top. Newer, dark laminate floors in living room & kitchen area. A few touch ups here and there and the remodel will be finished. Excellent location with easy access to restaurants. Being Sold as is with the Buyers right in inspect.

18. 2020-11-24
    listed $39,900 Active 461-char remark

    Show marketing remark (461 chars)

    HAPPY PLACE TO ENJOY ON A BUDGET. 2 bedrooms, bath with walk-in shower, screen room, storage room and nice grilling area in backyard under the shade. This home has a roof- over and has newer kitchen cabinets & counter top. Newer, dark laminate floors in living room & kitchen area. A few touch ups here and there and the remodel will be finished. Excellent location with easy access to restaurants. Being Sold as is with the Buyers right in inspect.

19. 2015-10-02
    soldstatus $34,500
20. 2015-10-01
    soldstatus $34,500 Sold 61-char remark

    Show marketing remark (61 chars)

    Great Location , Needs Repairs, Sold as is condition Close in

21. 2015-05-15
    status Pending 61-char remark

    Show marketing remark (61 chars)

    Great Location , Needs Repairs, Sold as is condition Close in

22. 2015-05-12
    historical 61-char remark

    Show marketing remark (61 chars)

    Great Location , Needs Repairs, Sold as is condition Close in

23. 2015-05-06
    status Pending 61-char remark

    Show marketing remark (61 chars)

    Great Location , Needs Repairs, Sold as is condition Close in

24. 2015-05-06
    price $36,500 61-char remark

    Show marketing remark (61 chars)

    Great Location , Needs Repairs, Sold as is condition Close in

25. 2015-05-06
    listed $34,500 Active 61-char remark

    Show marketing remark (61 chars)

    Great Location , Needs Repairs, Sold as is condition Close in

26. 2008-05-01
    soldstatus $40,000
27. 2007-12-03
    soldstatus $22,000
28. 2007-06-26
    listed $24,900
29. 2006-10-25
    listed $32,900

ⓘ 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: $214 · $18/mo
• Projected year-2 tax: $759 · $63/mo
• Expected delta: +$546/yr (+$45/mo · 255.6%)

ⓘ 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,267
• − Mortgage interest: −$5,125
• − Property taxes: −$214
• − Insurance: −$458
• − Repairs & maintenance: −$1,061
• − Management: −$1,061
• − Depreciation: −$2,662
• Taxable income: $2,686
• Est. tax owed @ 24.0%: −$645
• After-tax cash flow: $3,407/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 West

• Score: 61/100
• State rank: #772
• US rank: #17403

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zephyrhills West, 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

+181.2% since first listed

15 events — show timeline

• 2026-05-17 Listed $92,500 Stellar MLS as Distributed by MLS Grid
• 2020-12-11 Sold (MLS) $44,000 Stellar MLS as Distributed by MLS Grid
• 2020-12-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-11-24 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 2015-10-02 Sold (Public Records) $34,500 Public Records
• 2015-10-01 Sold (MLS) $34,500 Stellar MLS as Distributed by MLS Grid
• 2015-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-05-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-05-06 Price Changed $36,500 Stellar MLS as Distributed by MLS Grid
• 2015-05-06 Listed $34,500 Stellar MLS as Distributed by MLS Grid
• 2008-05-01 Sold (Public Records) $40,000 Public Records
• 2007-12-03 Sold (MLS) $22,000 Stellar MLS as Distributed by MLS Grid
• 2007-06-26 Listed $24,900 Stellar MLS as Distributed by MLS Grid
• 2006-10-25 Listed $32,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.3%/yr

Latest (2025): $214 · +5.7% YoY. Source: county tax records.