34542 Sweetpea Ln · Zephyrhills, FL 33541

$149,500

3 bd · 2.0 ba · 864 sqft · Manufactured public records · 115 Days on market

Built 1977 5,035 sqft lot Est $103k · 45% over $80/mo HOA · 4% of rent

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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 +27.9/30.0
• DSCR +9.8/10.0
• 1% rule +7.4/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Total upgrade/renovation in a 55+ community that features a community clubhouse and pool. The kitchen has granite countertops and all new appliances, New subfloor installed under new laminate flooring One pet allowed u to 30 pounds when full grown

Key facts

• Upgraded ductwork
• Updated kitchen
• 5,035 sq ft lot

Tags

• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES
• NEW AIR-CONDITIONING UNIT
• UPGRADED DUCTWORK

Property features AI

Finance

• Other: Furnished; Public records list 864 sq ft living area and 1,494 sq ft building area; Lot about 0.12 acres on asphalt, public maintained road; Direction faces North
• Financial info: $960 total annual fees; $80 total monthly fees
• HOA & community: Has HOA (monthly fee $80); Association amenities: Clubhouse, Pool; Association name: Bernice Schlicht; Association fee required; Community features: Association-owned recreation, Buyer approval required, Deed restrictions, Golf carts allowed, Street lights; Senior community; Pets allowed (cats & dogs, max pet weight 30 lbs)

Exterior

• Parking: Carport (1 space)
• Utilities: Private water; Public sewer; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured home (double wide); One story; North-facing
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built as double wide manufactured construction
• Exterior features: Storage shed(s); Storage

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Stone counters
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Built-in features; Ceiling fans; Open floorplan; Stone counters; Thermostat; Window treatments
• Laundry & utility: Washer; Dryer; Electric water heater; Outside laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $458 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 3.7% in Zephyrhills — 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 72/100 on livability (#330 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, crime C-, amenities 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; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 39% of the median local income ($57k/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 115 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,045 (9.0% below list)

Questions for the listing agent

1. It's been on market 115 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.24% ✓
• Cap rate: 9.97%
• Cash-on-cash: 13.14%
• DSCR: 1.58
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $102,816
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34704 Morning Glory Gln	0.14mi	3/2.0	888 (+3%)	6mo	$60,000	$68	84
34630 Petunia Pl	0.09mi	2/2.0 (-1)	864 (0%)	10mo	$115,000	$133	83
34552 Rosebud Row	0.09mi	2/2.0 (-1)	864 (0%)	19mo	$118,000	$137	75
34632 Sweetpea Ln	0.08mi	2/1.0 (-1)	816 (-6%)	6mo	$70,000	$86	73
34616 Morning Glory Gln	0.06mi	2/2.0 (-1)	960 (+11%)	8mo	$53,000	$55	67
34537 Morning Glory Gln	0.06mi	2/2.0 (-1)	960 (+11%)	19mo	$140,000	$146	58
34121 Tree Lake Dr	0.46mi	2/2.0 (-1)	988 (+14%)	9mo	$118,000	$119	42

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: -0.3%
• Equity multiple: 0.99×
• Total profit: $-440
• Equity at exit: $22,291

10-year hold

• IRR: 6.0%
• Equity multiple: 1.39×
• Total profit: $16,304
• Equity at exit: $12,926

Cash invested: $41,860 (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: 6.7×

Monthly cashflow live

• Estimated rent: $1,849 medium
• Mortgage (P&I): −$784
• Tax from tax record: −$76 /mo · $914/yr
• Insurance: −$62
• HOA: −$80
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $458

Break-even live

Break-even rent $1,269

Max offer price $149,500

Occupancy floor 70%

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: $37,375
• Closing costs: $4,485
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3030 Beaver Creek Dr Wesley Chapel, FL	2.0	1.0	700	$950	$1.36	15d	1	0.41mi
3829 Kim Dr Wesley Chapel, FL	2.0	1.0	832	$1,395	$1.68	24d	1	0.90mi
33780 Charleston Club Cir Wesley Chapel, FL	1.0–2.0	1.0–2.0	977	$2,135	$2.19	2d	11	1.06mi
33976 Lusitano Dr Wesley Chapel, FL	1.0–3.0	1.0–2.5	1251	$2,895	$2.31	12d	71	1.36mi

HOA detail

• Monthly dues: $80 · $960/yr
• Likely covers: pool

Listing history 33 events

1. 2026-06-18
   days on market $149,500 Active 115 DOM
2. 2026-06-17
   days on market $149,500 Active 114 DOM
3. 2026-06-16
   days on market $149,500 Active 113 DOM
4. 2026-06-15
   days on market $149,500 Active 112 DOM
5. 2026-06-13
   days on market $149,500 Active 110 DOM
6. 2026-06-09
   days on market $149,500 Active 106 DOM
7. 2026-06-08
   days on market $149,500 Active 105 DOM
8. 2026-06-07
   days on market $149,500 Active 104 DOM
9. 2026-06-04
   days on market $149,500 Active 101 DOM
10. 2026-06-03
    days on market $149,500 Active 100 DOM
11. 2026-06-02
    days on market $149,500 Active 99 DOM
12. 2026-06-01
    days on market $149,500 Active 98 DOM
13. 2026-05-31
    days on market $149,500 Active 97 DOM
14. 2026-02-23
    listed $149,500 Active
15. 2026-02-15
    historical
16. 2025-08-20
    listed $155,000 Active
17. 2023-07-13
    soldstatus $163,000 Closed 249-char remark

    Show marketing remark (249 chars)

    Total upgrade/renovation in a 55+ community that features a community clubhouse and pool. The kitchen has granite countertops and all new appliances, New subfloor installed under new laminate flooring One pet allowed u to 30 pounds when full grown

18. 2023-07-13
    soldstatus $163,000

    Show marketing remark (249 chars)

    Total upgrade/renovation in a 55+ community that features a community clubhouse and pool. The kitchen has granite countertops and all new appliances, New subfloor installed under new laminate flooring One pet allowed u to 30 pounds when full grown

19. 2023-06-13
    status Pending 249-char remark

    Show marketing remark (249 chars)

    Total upgrade/renovation in a 55+ community that features a community clubhouse and pool. The kitchen has granite countertops and all new appliances, New subfloor installed under new laminate flooring One pet allowed u to 30 pounds when full grown

20. 2023-05-17
    listed $179,900 Active 249-char remark

    Show marketing remark (249 chars)

    Total upgrade/renovation in a 55+ community that features a community clubhouse and pool. The kitchen has granite countertops and all new appliances, New subfloor installed under new laminate flooring One pet allowed u to 30 pounds when full grown

21. 2023-05-10
    historical
22. 2023-03-29
    price $165,000
23. 2023-02-20
    status Active
24. 2023-01-10
    status Pending
25. 2022-12-21
    listed $169,900 Active
26. 2022-10-10
    soldstatus $100,000
27. 2022-04-19
    soldstatus $95,000
28. 2022-04-13
    soldstatus $95,000 Closed
29. 2022-02-28
    status Pending
30. 2022-02-18
    listed $100,000 Active
31. 2006-03-06
    soldstatus $70,000
32. 1995-05-05
    soldstatus $30,000
33. 1995-04-13
    soldstatus $40,000

ⓘ 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: $914 · $76/mo
• Projected year-2 tax: $1,241 · $103/mo
• Expected delta: +$327/yr (+$27/mo · 35.8%)

ⓘ 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 · 26 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: $22,190
• − Mortgage interest: −$8,374
• − Property taxes: −$914
• − Insurance: −$748
• − Repairs & maintenance: −$1,775
• − Management: −$1,775
• − HOA: −$960
• − Depreciation: −$4,349
• Taxable income: $3,295
• Est. tax owed @ 24.0%: −$791
• After-tax cash flow: $4,710/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

• Score: 72/100
• State rank: #330
• US rank: #5760

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pasco County · 524,098 people
• City population: 48,266
• 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

+273.8% since first listed

20 events — show timeline

• 2026-02-23 Listed $149,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-20 Listed $155,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-13 Sold (Public Records) $163,000 Public Records
• 2023-07-13 Sold (MLS) $163,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-17 Listed $179,900 Stellar MLS as Distributed by MLS Grid
• 2023-05-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-03-29 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2023-02-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-01-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-12-21 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2022-10-10 Sold (Public Records) $100,000 Public Records
• 2022-04-19 Sold (Public Records) $95,000 Public Records
• 2022-04-13 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2022-02-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-18 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2006-03-06 Sold (Public Records) $70,000 Public Records
• 1995-05-05 Sold (Public Records) $30,000 Public Records
• 1995-04-13 Sold (Public Records) $40,000 Public Records

Property tax history

+2.5%/yr

Latest (2025): $914 · +3.8% YoY. Source: county tax records.