4903 Dorado St · Zephyrhills West, FL 33541

$118,500

3 bd · 2.0 ba · 1,218 sqft · Manufactured public records · 35 Days on market

Built 1981 5,192 sqft lot Est $151k · 22% under $41/mo HOA · 2% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

SO SPACIOUS AND NEAT: New carpet in 2008 gives clean fresh feel in this open bright split plan. Wood laminate in kitchen, built in china in separate dining area and bonus room with air Comes furnished! Sits across from clubhouse and pool in well planne d community close to conveniences. You own your lot!

Key facts

• Clubhouse
• Community amenities
• Upgraded kitchen

Tags

• FULLY FURNISHED
• UPGRADED KITCHEN
• BUILT-IN CHINA CABINET
• SPACIOUS ENCLOSED PATIO
• COMMUNITY AMENITIES
• CLUBHOUSE

Property features AI

Finance

• Other: Furnished; Living area ~1218 square feet; Building area ~1398 square feet; Direction faces East
• Financial info: Lease restrictions apply
• HOA & community: HOA with required approval; Monthly HOA approximately $41.67 (annual fee $500); Association amenities include clubhouse, pool, shuffleboard court; Buyer approval required; Deed restrictions; Senior community; No pets allowed

Exterior

• Parking: Covered carport; 2 carport spaces
• Utilities: Public water; Public sewer; Electricity connected; Broadband/high-speed internet available; Water connected
• Home design: Manufactured home (double wide); Single-story; Faces east
• Construction: Metal frame construction; Other roof type; Crawlspace foundation; Built on lot of approximately 0.12 acres
• Exterior features: Covered patio; Enclosed patio; Front porch; Patio; Paved road access; Irrigation equipment

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Vaulted ceilings; Ceiling fans; Open floorplan; Split bedroom floorplan; Bonus room; Formal dining room (separate)
• Laundry & utility: Laundry area (other)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $118k.

Deal economics

• At list price, monthly cash flow is $620 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $118k).
• Recommended offer: $115k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.6% 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; 14 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 41% 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 $819 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 $33k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($115k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 18y 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 $62k; list at $118k implies a 91% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,945 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 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. 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: 1.61% ✓
• Cap rate: 12.57%
• Cash-on-cash: 22.42%
• DSCR: 2.00
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $151,032
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35912 Verano Ln	0.12mi	2/2.0 (-1)	1,056 (-13%)	2mo	$127,000	$120	66
5339 Montego Dr	0.64mi	2/2.0 (-1)	1,248 (+2%)	4mo	$160,000	$128	58
35429 Chambers Dr	0.57mi	3/2.0	1,260 (+3%)	15mo	$253,000	$201	55
36408 Teakwood Ave	0.58mi	3/2.0	1,152 (-5%)	14mo	$190,000	$165	52
5324 Seville Dr	0.66mi	2/2.0 (-1)	1,160 (-5%)	5mo	$140,000	$121	52
35148 Ada Ave	0.74mi	2/2.0 (-1)	1,152 (-5%)	2mo	$89,900	$78	50
36052 Aster Ave	0.55mi	2/2.0 (-1)	1,290 (+6%)	15mo	$160,000	$124	47
5248 Antigua Dr	0.57mi	2/2.0 (-1)	1,036 (-15%)	1mo	$129,500	$125	43
5245 Seville Dr	0.61mi	3/2.0	1,374 (+13%)	13mo	$144,900	$105	39
36110 Aster Ave	0.57mi	2/2.0 (-1)	1,056 (-13%)	13mo	$90,000	$85	36
5502 Antigua Dr	0.74mi	2/2.0 (-1)	1,048 (-14%)	6mo	$145,000	$138	32
5244 Montego Dr	0.60mi	2/2.0 (-1)	1,056 (-13%)	16mo	$100,000	$95	32

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: 11.6%
• Equity multiple: 1.44×
• Total profit: $14,748
• Equity at exit: $17,669

10-year hold

• IRR: 18.0%
• Equity multiple: 2.28×
• Total profit: $42,330
• Equity at exit: $10,246

Cash invested: $33,180 (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: 5.2×

Monthly cashflow live

• Estimated rent: $1,911 high
• Mortgage (P&I): −$621
• Tax from tax record: −$178 /mo · $2,134/yr
• Insurance: −$49
• HOA: −$41
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $620

Break-even live

Break-even rent $1,126

Max offer price $118,500

Occupancy floor 63%

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: $29,625
• Closing costs: $3,555
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35940 Inspiration Dr Zephyrhills, FL	1.0–3.0	1.0–2.0	1034	$1,988	$1.92	2d	21	0.29mi
4111 Ryals Rd Zephyrhills, FL	4.0	3.0	1216	$2,195	$1.81	3d	1	0.91mi
5019 Coopers Hawk Pl Zephyrhills, FL	3.0	2.0	1456	$1,699	$1.17	10d	1	0.98mi
36106 Lake Chase Blvd #102 Zephyrhills, FL	3.0	2.0	1170	$1,650	$1.41	5d	1	1.01mi
36106 Lake Chase Blvd Zephyrhills, FL	3.0	2.0	1325	$1,700	$1.28	24d	1	1.01mi
36009 Deer Creek Dr #104 Zephyrhills, FL	2.0	2.0	1029	$1,450	$1.41	24d	1	1.02mi
36015 Deer Creek Dr #202 Zephyrhills, FL	2.0	2.0	1062	$1,450	$1.37	24d	1	1.05mi
34747 Double Eagle Ct Zephyrhills, FL	2.0	2.0	1308	$1,650	$1.26	18d	1	1.06mi
5914 Willow Ridge Dr #101 Zephyrhills, FL	2.0	2.0	987	$1,500	$1.52	24d	1	1.09mi
36243 Lake Chase Blvd #203 Zephyrhills, FL	3.0	2.0	1278	$1,775	$1.39	24d	1	1.11mi
34652 Blue Starling St Zephyrhills, FL	3.0	2.0	1352	$1,650	$1.22	5d	1	1.11mi
36321 Stonewood Ln #103 Zephyrhills, FL	2.0	2.0	987	$1,525	$1.55	24d	1	1.13mi
36801 Camelia Ct Zephyrhills, FL	2.0	2.0	864	$1,350	$1.56	24d	1	1.15mi
36232 Lanier Oaks Pt , FL	3.0	2.0	1325	$1,700	$1.28	24d	1	1.34mi

HOA detail

• Monthly dues: $41 · $492/yr
• Likely covers: pool

Listing history 19 events

1. 2026-06-18
   days on market $118,500 Active 35 DOM
2. 2026-06-17
   days on market $118,500 Active 34 DOM
3. 2026-06-16
   days on market $118,500 Active 33 DOM
4. 2026-06-15
   days on market $118,500 Active 32 DOM
5. 2026-06-13
   days on market $118,500 Active 30 DOM
6. 2026-06-09
   days on market $118,500 Active 26 DOM
7. 2026-06-08
   days on market $118,500 Active 25 DOM
8. 2026-06-07
   days on market $118,500 Active 24 DOM
9. 2026-06-04
   days on market $118,500 Active 21 DOM
10. 2026-06-03
    days on market $118,500 Active 20 DOM
11. 2026-06-02
    days on market $118,500 Active 19 DOM
12. 2026-06-01
    days on market $118,500 Active 18 DOM
13. 2026-05-31
    days on market $118,500 Active 17 DOM
14. 2026-05-14
    listed $118,500 Active
15. 2009-02-17
    soldstatus $62,000 308-char remark

    Show marketing remark (308 chars)

    SO SPACIOUS AND NEAT: New carpet in 2008 gives clean fresh feel in this open bright split plan. Wood laminate in kitchen, built in china in separate dining area and bonus room with air Comes furnished! Sits across from clubhouse and pool in well planne d community close to conveniences. You own your lot!

16. 2009-02-17
    soldstatus $62,000

    Show marketing remark (308 chars)

    SO SPACIOUS AND NEAT: New carpet in 2008 gives clean fresh feel in this open bright split plan. Wood laminate in kitchen, built in china in separate dining area and bonus room with air Comes furnished! Sits across from clubhouse and pool in well planne d community close to conveniences. You own your lot!

17. 2008-10-03
    listed $65,900 308-char remark

    Show marketing remark (308 chars)

    SO SPACIOUS AND NEAT: New carpet in 2008 gives clean fresh feel in this open bright split plan. Wood laminate in kitchen, built in china in separate dining area and bonus room with air Comes furnished! Sits across from clubhouse and pool in well planne d community close to conveniences. You own your lot!

18. 2002-07-01
    soldstatus $47,500
19. 1982-11-01
    soldstatus $10,000

ⓘ 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: $2,134 · $178/mo
• Projected year-2 tax: $2,134 · $178/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 25 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: $22,929
• − Mortgage interest: −$6,638
• − Property taxes: −$2,134
• − Insurance: −$592
• − Repairs & maintenance: −$1,834
• − Management: −$1,834
• − HOA: −$492
• − Depreciation: −$3,447
• Taxable income: $5,956
• Est. tax owed @ 24.0%: −$1,430
• After-tax cash flow: $6,008/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

+1085.0% since first listed

6 events — show timeline

• 2026-05-14 Listed $118,500 Stellar MLS as Distributed by MLS Grid
• 2009-02-17 Sold (Public Records) $62,000 Public Records
• 2009-02-17 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2008-10-03 Listed $65,900 Stellar MLS as Distributed by MLS Grid
• 2002-07-01 Sold (Public Records) $47,500 Public Records
• 1982-11-01 Sold (Public Records) $10,000 Public Records

Property tax history

+6.6%/yr

Latest (2025): $2,134 · +7.8% YoY. Source: county tax records.