3843 Damian Dr · Zephyrhills, FL 33541

$119,900

2 bd · 2.0 ba · 936 sqft · Manufactured public records · 48 Days on market

Built 1987 4,365 sqft lot Est $117k · at est. $50/mo HOA · 3% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +6.4/15.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW! Perfect condition, completely furnished doublewide in Colony Hills! Use of huge rec hall with wood dance floor, pool table, and commercial kitchen. .. PLUS pool, spa, tennis & shuffleboard all for association fee of $30 per month. Water heater replaced in 2004. Refrigerator purchased in 2006. Roof 1999. This home is nicely done in every aspect!

Key facts

• Active 55 community
• Shuffleboard courts
• Lots of cabinets

Tags

• ACTIVE 55 COMMUNITY
• BEAUTIFUL CLUBHOUSE
• POOL
• SHUFFLEBOARD COURTS
• TENNIS COURTS
• LOTS OF CABINETS

Property features AI

Finance

• Other: Unfurnished; Total building area listed as 1702 sq ft; living area listed as 936 sq ft
• Financial info: Lease restrictions apply
• HOA & community: Has HOA (Colony Hills Office); HOA approval required; Monthly HOA $50 (annual $600); HOA includes pool and recreational facilities; Community amenities: Clubhouse, Pool, Shuffleboard court, Tennis courts; Deed restrictions; Buyer approval required; Senior community; Pets allowed (cats and dogs) with limits; max pet weight 20 lbs

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Cable available; Electricity connected
• Home design: Manufactured double wide home; Single-story; Faces east
• Construction: Metal siding; Shingle roof; Built on crawlspace
• Exterior features: Enclosed patio/porch; Front porch; Rear porch; Screened porch; Other exterior features; Paved lot in county

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Vinyl; Wood; Crawlspace foundation (basement type)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Vaulted ceiling; Ceiling fans; Eat-in kitchen; Living/Dining area; Walk-in closets; Florida room
• Laundry & utility: Washer; Dryer; Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $642 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.7% 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 38% 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 $829 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y 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 $72k; list at $120k implies a 65% 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; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,303 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.50% ✓
• Cap rate: 12.71%
• Cash-on-cash: 22.93%
• DSCR: 2.02
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $117,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3901 William Hume Dr	0.05mi	2/2.0	936 (0%)	16mo	$149,900	$160	85
35131 Mcculloughs Leap	0.23mi	2/2.0	960 (+3%)	2mo	$120,000	$125	84
35051 Colony Hills Dr	0.21mi	2/2.0	960 (+3%)	11mo	$120,000	$125	77
4101 Joyful Ln	0.37mi	2/2.0	924 (-1%)	8mo	$155,000	$168	74
4006 William Hume Dr	0.14mi	2/2.0	888 (-5%)	13mo	$140,000	$158	74
34616 Morning Glory Gln	0.71mi	2/2.0	960 (+3%)	8mo	$53,000	$55	56
34704 Morning Glory Gln	0.65mi	3/2.0 (+1)	888 (-5%)	6mo	$60,000	$68	51
34552 Rosebud Row	0.71mi	2/2.0	864 (-8%)	19mo	$118,000	$137	38
34632 Sweetpea Ln	0.72mi	2/1.0	816 (-13%)	6mo	$70,000	$86	36
34645 Lily Ln	0.75mi	2/2.0	1,056 (+13%)	10mo	$127,500	$121	35
34701 Morning Glory Gln	0.65mi	2/2.0	1,056 (+13%)	16mo	$165,000	$156	35
34925 Carl Ave	0.74mi	2/2.0	1,056 (+13%)	13mo	$120,000	$114	33

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: 12.5%
• Equity multiple: 1.48×
• Total profit: $16,160
• Equity at exit: $17,877

10-year hold

• IRR: 19.1%
• Equity multiple: 2.38×
• Total profit: $46,319
• Equity at exit: $10,367

Cash invested: $33,572 (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 33541

• Home prices YoY: -15.2%
• Rents YoY: -2.5%
• Active inventory: 856
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,797 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$49 /mo · $589/yr
• Insurance: −$50
• HOA: −$50
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $642

Break-even live

Break-even rent $985

Max offer price $119,900

Occupancy floor 59%

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: $29,975
• Closing costs: $3,597
• 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	1.23mi
3829 Kim Dr Wesley Chapel, FL	2.0	1.0	832	$1,395	$1.68	24d	1	1.37mi
33780 Charleston Club Cir Wesley Chapel, FL	1.0–2.0	1.0–2.0	977	$2,135	$2.19	2d	11	1.39mi
33976 Lusitano Dr Wesley Chapel, FL	1.0–3.0	1.0–2.5	1251	$2,284	$1.82	12d	71	1.40mi

HOA detail

• Monthly dues: $50 · $600/yr
• Likely covers: waterpool

Listing history 23 events

1. 2026-06-18
   days on market $119,900 Active 48 DOM
2. 2026-06-17
   days on market $119,900 Active 47 DOM
3. 2026-06-16
   days on market $119,900 Active 46 DOM
4. 2026-06-15
   days on market $119,900 Active 45 DOM
5. 2026-06-13
   days on market $119,900 Active 43 DOM
6. 2026-06-09
   days on market $119,900 Active 39 DOM
7. 2026-06-08
   days on market $119,900 Active 38 DOM
8. 2026-06-07
   days on market $119,900 Active 37 DOM
9. 2026-06-04
   days on market $119,900 Active 34 DOM
10. 2026-06-03
    days on market $119,900 Active 33 DOM
11. 2026-06-02
    days on market $119,900 Active 32 DOM
12. 2026-06-01
    days on market $119,900 Active 31 DOM
13. 2026-05-31
    days on market $119,900 Active 30 DOM
14. 2026-05-01
    listed $119,900 Active
15. 2025-09-13
    historical
16. 2025-02-14
    status Active
17. 2025-02-14
    price $149,000
18. 2025-02-13
    historical
19. 2024-09-16
    listed $158,900 Active
20. 2007-03-22
    soldstatus $72,500 357-char remark

    Show marketing remark (357 chars)

    WOW! Perfect condition, completely furnished doublewide in Colony Hills! Use of huge rec hall with wood dance floor, pool table, and commercial kitchen. .. PLUS pool, spa, tennis & shuffleboard all for association fee of $30 per month. Water heater replaced in 2004. Refrigerator purchased in 2006. Roof 1999. This home is nicely done in every aspect!

21. 2007-03-22
    soldstatus $72,500

    Show marketing remark (357 chars)

    WOW! Perfect condition, completely furnished doublewide in Colony Hills! Use of huge rec hall with wood dance floor, pool table, and commercial kitchen. .. PLUS pool, spa, tennis & shuffleboard all for association fee of $30 per month. Water heater replaced in 2004. Refrigerator purchased in 2006. Roof 1999. This home is nicely done in every aspect!

22. 2007-02-13
    listed $79,900 357-char remark

    Show marketing remark (357 chars)

    WOW! Perfect condition, completely furnished doublewide in Colony Hills! Use of huge rec hall with wood dance floor, pool table, and commercial kitchen. .. PLUS pool, spa, tennis & shuffleboard all for association fee of $30 per month. Water heater replaced in 2004. Refrigerator purchased in 2006. Roof 1999. This home is nicely done in every aspect!

23. 1987-02-01
    soldstatus $13,000

ⓘ 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: $589 · $49/mo
• Projected year-2 tax: $995 · $83/mo
• Expected delta: +$406/yr (+$34/mo · 68.9%)

ⓘ 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 · 23 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: $21,560
• − Mortgage interest: −$6,716
• − Property taxes: −$589
• − Insurance: −$600
• − Repairs & maintenance: −$1,725
• − Management: −$1,725
• − HOA: −$600
• − Depreciation: −$3,488
• Taxable income: $6,117
• Est. tax owed @ 24.0%: −$1,468
• After-tax cash flow: $6,230/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
• 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

+822.3% since first listed

10 events — show timeline

• 2026-05-01 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-02-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-02-14 Price Changed $149,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-09-16 Listed $158,900 Stellar MLS as Distributed by MLS Grid
• 2007-03-22 Sold (Public Records) $72,500 Public Records
• 2007-03-22 Sold (MLS) $72,500 Stellar MLS as Distributed by MLS Grid
• 2007-02-13 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 1987-02-01 Sold (Public Records) $13,000 Public Records

Property tax history

+1.0%/yr

Latest (2025): $589 · +2.5% YoY. Source: county tax records.