37622 March Ln · Zephyrhills West, FL 33541

$89,900

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 64 Days on market

Built 1972 5,450 sqft lot Est $78k · 15% over

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Why this score? — see what drove the C+ 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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• ARV discount +0.6/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

No HOA's! Own your own land! This 2 bedroom, 1 bath home has it all! This home would be perfect for full time or part time living. Enjoy a partially furnished home with open concept and plenty of storage. Home includes a full length carport, 10x20 screened in porch and 2 storage sheds. New windows within the last five years, new A/C within the last 10 years and metal roof over. This home is definitely a must see!

Key facts

• 5,450 sq ft lot
• Built 1972
• Listed 64 days

Property features AI

Finance

• Other: Partially furnished
• Financial info: Lease restrictions apply
• HOA & community: Street lights in the community; Pets allowed: Cats and dogs permitted

Exterior

• Utilities: Public water (connected/available); Septic tank; Electricity available and connected; Broadband/high-speed internet available
• Home design: Residential single-wide mobile home; One story; Faces west; Entry level: One
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built on a 0.13-acre lot
• Exterior features: Storage

Interior

• Kitchen: Other appliances
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Kitchen/family room combo; Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $90k.

Deal economics

• At list price, monthly cash flow is $415 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $85k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.8% 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: schools D-, 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; 18 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($85k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $30k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $84,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.47% ✓
• Cap rate: 11.84%
• Cash-on-cash: 19.80%
• DSCR: 1.88
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $77,952
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37706 March Ln	0.07mi	2/1.5	672 (0%)	9mo	$80,000	$119	87
4833 Royal Palm Dr	0.45mi	2/1.0	672 (0%)	2mo	$78,000	$116	77
37418 Hammond Dr	0.41mi	2/2.0	692 (+3%)	13mo	$62,000	$90	61
4550 Olive Dr	0.48mi	2/2.0	720 (+7%)	1mo	$97,000	$135	61
37437 Ray Dr	0.46mi	2/1.5	680 (+1%)	17mo	$74,900	$110	61
4927 Coral St	0.49mi	2/1.5	720 (+7%)	12mo	$66,000	$92	53
4632 Coral St	0.31mi	1/1.0 (-1)	588 (-12%)	9mo	$82,650	$141	52

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: 8.4%
• Equity multiple: 1.32×
• Total profit: $8,037
• Equity at exit: $13,404

10-year hold

• IRR: 14.9%
• Equity multiple: 2.04×
• Total profit: $26,205
• Equity at exit: $7,773

Cash invested: $25,172 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,320 high
• Mortgage (P&I): −$471
• Tax from tax record: −$118 /mo · $1,420/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $415

Break-even live

Break-even rent $794

Max offer price $89,900

Occupancy floor 64%

Sensitivity live

Price	-10% $466	-5% $441	+0% $415	+5% $390	+10% $364
Rent	-10% $311	-5% $363	+0% $415	+5% $467	+10% $520
Rate	-1.0pp $461	-0.5pp $438	base $415	+0.5pp $392	+1.0pp $368

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37925 Date Palm Dr Zephyrhills, FL	3.0	1.5	720	$1,300	$1.81	25d	1	0.29mi
4833 Royal Palm Dr Zephyrhills, FL	2.0	1.0	672	$1,090	$1.62	25d	1	0.45mi
4412 Plum St Zephyrhills, FL	1.0	1.0	624	$1,100	$1.76	25d	1	0.68mi
4410 Plum St Zephyrhills, FL	1.0	1.0	624	$1,100	$1.76	25d	1	0.68mi
38044 6th Ave Unit 38044 Zephyrhills, FL	1.0	1.0	494	$950	$1.92	25d	1	0.78mi
4352 6th St Zephyrhills, FL	1.0	1.0	494	$1,100	$2.23	25d	1	0.82mi
5168 Crooked Ln Zephyrhills, FL	2.0	1.0	600	$1,645	$2.74	22d	1	0.96mi
5150 6th St Zephyrhills, FL	1.0	1.0	600	$925	$1.54	25d	1	0.99mi
5208 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.09mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.10mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$1,100	$2.00	17d	1	1.10mi
5206 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	5d	1	1.10mi
5611 1st St Zephyrhills, FL	1.0	1.0	600	$1,095	$1.82	17d	1	1.14mi
5426 8th St #1 Zephyrhills, FL	1.0	1.0	432	$1,150	$2.66	25d	1	1.23mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	25d	1	1.28mi
38941 C Ave Zephyrhills, FL	1.0	1.0	520	$1,050	$2.02	5d	1	1.35mi
5217 17th St Zephyrhills, FL	1.0	1.0	540	$1,050	$1.94	25d	1	1.37mi
4808 20th St Zephyrhills, FL	2.0	1.0	702	$1,295	$1.84	11d	1	1.41mi

Listing history 25 events

1. 2026-06-19
   price $89,900 Active 64 DOM
2. 2026-06-18
   days on market $95,000 Active 64 DOM
3. 2026-06-17
   days on market $95,000 Active 63 DOM
4. 2026-06-16
   days on market $95,000 Active 62 DOM
5. 2026-06-15
   days on market $95,000 Active 61 DOM
6. 2026-06-13
   days on market $95,000 Active 59 DOM
7. 2026-06-09
   days on market $95,000 Active 55 DOM
8. 2026-06-08
   days on market $95,000 Active 54 DOM
9. 2026-06-07
   days on market $95,000 Active 53 DOM
10. 2026-06-04
    days on market $95,000 Active 50 DOM
11. 2026-06-03
    days on market $95,000 Active 49 DOM
12. 2026-06-02
    days on market $95,000 Active 48 DOM
13. 2026-06-01
    days on market $95,000 Active 47 DOM
14. 2026-05-31
    days on market $95,000 Active 46 DOM
15. 2026-05-15
    price $95,000
16. 2026-04-27
    price $99,900
17. 2026-04-15
    listed $120,000 Active
18. 2022-01-19
    soldstatus $69,900
19. 2022-01-07
    soldstatus $69,900 Closed 417-char remark

    Show marketing remark (417 chars)

    No HOA's! Own your own land! This 2 bedroom, 1 bath home has it all! This home would be perfect for full time or part time living. Enjoy a partially furnished home with open concept and plenty of storage. Home includes a full length carport, 10x20 screened in porch and 2 storage sheds. New windows within the last five years, new A/C within the last 10 years and metal roof over. This home is definitely a must see!

20. 2021-12-06
    status Pending 417-char remark

    Show marketing remark (417 chars)

    No HOA's! Own your own land! This 2 bedroom, 1 bath home has it all! This home would be perfect for full time or part time living. Enjoy a partially furnished home with open concept and plenty of storage. Home includes a full length carport, 10x20 screened in porch and 2 storage sheds. New windows within the last five years, new A/C within the last 10 years and metal roof over. This home is definitely a must see!

21. 2021-12-01
    listed $69,900 Active 417-char remark

    Show marketing remark (417 chars)

    No HOA's! Own your own land! This 2 bedroom, 1 bath home has it all! This home would be perfect for full time or part time living. Enjoy a partially furnished home with open concept and plenty of storage. Home includes a full length carport, 10x20 screened in porch and 2 storage sheds. New windows within the last five years, new A/C within the last 10 years and metal roof over. This home is definitely a must see!

22. 2010-04-07
    soldstatus $34,000 628-char remark

    Show marketing remark (628 chars)

    Motivated Seller. You own the land. Very well maintained and a extremely attractive furnished mobile home. No HOA fees or dues. Owner has made numerous improvements including new flooring in the kitchen and bathroom. Nice size lot measuring 51X109. Great screened porch torelax on that measures 10x21. Kitchen appliances include a range, refrigerator, dishwasher, & microwave. Washer & dryer also go with the home, and are inside. New 8 X 10 shed with power. There are hurricane awnings on several windows, a roof over, plus gutters and downspouts were installed. Come and see this home that shows pride of ownership.

23. 2009-11-23
    listed $37,900 628-char remark

    Show marketing remark (628 chars)

    Motivated Seller. You own the land. Very well maintained and a extremely attractive furnished mobile home. No HOA fees or dues. Owner has made numerous improvements including new flooring in the kitchen and bathroom. Nice size lot measuring 51X109. Great screened porch torelax on that measures 10x21. Kitchen appliances include a range, refrigerator, dishwasher, & microwave. Washer & dryer also go with the home, and are inside. New 8 X 10 shed with power. There are hurricane awnings on several windows, a roof over, plus gutters and downspouts were installed. Come and see this home that shows pride of ownership.

24. 2007-02-14
    soldstatus $38,750
25. 2007-01-30
    listed $44,900

ⓘ 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: $1,420 · $118/mo
• Projected year-2 tax: $1,420 · $118/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 4/10 Moderate FEMA zone X (unshaded) · 22% 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: $15,835
• − Mortgage interest: −$5,036
• − Property taxes: −$1,420
• − Insurance: −$450
• − Repairs & maintenance: −$1,267
• − Management: −$1,267
• − Depreciation: −$2,615
• Taxable income: $3,781
• Est. tax owed @ 24.0%: −$907
• After-tax cash flow: $4,076/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): 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

+111.6% since first listed

11 events — show timeline

• 2026-05-15 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-15 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2022-01-19 Sold (Public Records) $69,900 Public Records
• 2022-01-07 Sold (MLS) $69,900 Stellar MLS as Distributed by MLS Grid
• 2021-12-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-12-01 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2010-04-07 Sold (MLS) $34,000 Stellar MLS as Distributed by MLS Grid
• 2009-11-23 Listed $37,900 Stellar MLS as Distributed by MLS Grid
• 2007-02-14 Sold (MLS) $38,750 Stellar MLS as Distributed by MLS Grid
• 2007-01-30 Listed $44,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.6%/yr

Latest (2025): $1,420 · +6.5% YoY. Source: county tax records.