7037 EL Torro St · Pasadena Hills, FL 33541

$124,900

2 bd · 2.0 ba · 960 sqft · Manufactured public records · 5 Days on market

Built 1980 3,549 sqft lot Est $113k · 10% over $142/mo HOA · 9% 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 +26.5/30.0
• DSCR +9.1/10.0
• 1% rule +7.5/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• ARV discount +2.9/15.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOVE IN READY - Includes ALL Furniture! This adorable home was recently remodeled and ready for you. Located in the desirable Spanish Trails Village Community in Zephyrhills, Florida. A great place to retire or just get out of the cold and spend your winters here in the Florida Sun. This home has been completely updated with new Flooring, new electrical Panel and Wiring, Fixtures, Paint and much more! The attached Carport has a Utility Room with Washer and Dryer and Plenty of Storage Room. Take advantage of this turn key opportunity and the Florida Lifestyle. The Community offers great Amenities that include Pool, Spa, Shuffleboard, and a Clubhouse. This is an Active 55+ community.

Key facts

• In-home laundry
• Walk-in closet
• Florida room lanai

Tags

• REFRESHED KITCHEN
• BREAKFAST BAR
• WALK-IN CLOSET
• UPDATED EN-SUITE BATH
• FLORIDA ROOM LANAI
• IN-HOME LAUNDRY

Property features AI

Finance

• Other: Property type: Residential manufactured home; Zoning: RMH; Lot about 0.08 acres (approximately); Living area about 960 square feet
• HOA & community: Monthly HOA fee $142 (required); Association name: Nancy; Senior community; Pets allowed with breed and size restrictions

Exterior

• Parking: Attached garage (1 space); Carport (1 space)
• Utilities: Public water; Public sewer; Broadband/high-speed internet available; Public utilities
• Home design: Manufactured home (single wide); One story; Faces east; Crawlspace foundation
• Construction: Metal frame construction; Metal siding; Metal roof; Built on crawlspace
• Exterior features: French doors; Asphalt road frontage

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Thermostat
• Laundry & utility: Laundry in garage; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Cap rate 9.5% vs local median 3.6% in Pasadena Hills — 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 63/100 on livability (#723 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: amenities F, commute F, health & safety 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: Woodland Elementary School (math 30% / reading 31%, grade F, #1,862 of 2,144 statewide, top 88%, 802 students, 82% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 76% 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 soft (-2.5%/yr); 856 active listings in the ZIP; 17 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 33% 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 $864 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

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 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 $74k; list at $125k implies a 69% 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 $124,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 1.25% ✓
• Cap rate: 9.48%
• Cash-on-cash: 11.37%
• DSCR: 1.51
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $113,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7117 EL Rancho Way #367	0.10mi	2/2.0	896 (-7%)	4mo	$118,000	$132	81
37648 Campo Ave	0.17mi	2/2.0	972 (+1%)	11mo	$114,000	$117	81
37817 Granada Ave	0.17mi	2/2.0	1,056 (+10%)	4mo	$125,000	$118	72
37843 Barcelona Ave	0.12mi	2/2.0	840 (-12%)	3mo	$99,000	$118	71
7133 EL Matador St	0.10mi	2/2.0	864 (-10%)	11mo	$79,000	$91	69
37452 Attica Ave	0.30mi	2/1.5	1,028 (+7%)	5mo	$94,000	$91	68
37838 Granada Ave	0.17mi	2/2.0	1,056 (+10%)	9mo	$139,000	$132	68
37820 Madeira Ave	0.09mi	2/2.0	1,056 (+10%)	16mo	$139,000	$132	66
7053 EL Conquistador St	0.16mi	2/2.0	1,056 (+10%)	12mo	$122,000	$116	66
37848 Barcelona Ave	0.13mi	2/2.0	1,056 (+10%)	13mo	$125,000	$118	66
37832 Mission Hills Ave	0.19mi	2/2.0	1,056 (+10%)	16mo	$113,000	$107	61
6902 Orlo Dr	0.37mi	2/2.0	1,104 (+15%)	2mo	$75,000	$68	56

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: -2.9%
• Equity multiple: 0.90×
• Total profit: $-3,652
• Equity at exit: $18,623

10-year hold

• IRR: 3.0%
• Equity multiple: 1.19×
• Total profit: $6,536
• Equity at exit: $10,799

Cash invested: $34,972 (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: $1,559 high
• Mortgage (P&I): −$655
• Tax from tax record: −$51 /mo · $611/yr
• Insurance: −$52
• HOA: −$142
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $331

Break-even live

Break-even rent $1,139

Max offer price $124,900

Occupancy floor 74%

Sensitivity live

Price	-10% $402	-5% $367	+0% $331	+5% $296	+10% $261
Rent	-10% $208	-5% $270	+0% $331	+5% $393	+10% $455
Rate	-1.0pp $394	-0.5pp $363	base $331	+0.5pp $299	+1.0pp $266

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37814 Daughtery Rd Zephyrhills, FL	2.0	1.0	1070	$1,395	$1.30	5d	1	0.10mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	25d	1	0.40mi
7660 Emerson Hill Cir Zephyrhills, FL	1.0–3.0	1.0–2.0	1077	$1,970	$1.83	0d	33	0.71mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	25d	1	0.74mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	25d	1	0.76mi
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	25d	1	0.77mi
38485 County Road 54 Zephyrhills, FL	2.0	1.0	800	$1,100	$1.38	25d	1	0.88mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	2d	142	0.90mi
6052 10th St Zephyrhills, FL	2.0	1.0	644	$1,200	$1.86	25d	1	1.15mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	5d	1	1.24mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	25d	1	1.29mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	25d	1	1.35mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	25d	1	1.37mi
38621 Rose Ln Zephyrhills, FL	2.0	1.0	1040	$1,495	$1.44	0d	1	1.38mi
5611 1st St Zephyrhills, FL	1.0	1.0	600	$1,095	$1.82	17d	1	1.46mi
8129 Cass Rd Zephyrhills, FL	1.0	1.0	540	$1,100	$2.04	25d	1	1.48mi
39132 County Rd Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	25d	1	1.49mi

HOA detail

• Monthly dues: $142 · $1,704/yr
• Likely covers: electricpool

Listing history 5 events

1. 2026-06-04
   status $124,900 Pending 5 DOM
2. 2026-06-03
   days on market $124,900 Active 5 DOM
3. 2026-06-02
   days on market $124,900 Active 4 DOM
4. 2026-06-01
   days on market $124,900 Active 3 DOM
5. 2026-05-31
   days on market $124,900 Active 2 DOM

ⓘ 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: $611 · $51/mo
• Projected year-2 tax: $1,037 · $86/mo
• Expected delta: +$426/yr (+$35/mo · 69.7%)

ⓘ 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,704
• − Mortgage interest: −$6,996
• − Property taxes: −$611
• − Insurance: −$624
• − Repairs & maintenance: −$1,496
• − Management: −$1,496
• − HOA: −$1,704
• − Depreciation: −$3,633
• Taxable income: $2,143
• Est. tax owed @ 24.0%: −$514
• After-tax cash flow: $3,463/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 — Pasadena Hills

• Score: 63/100
• State rank: #723
• US rank: #15499

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pasadena Hills, 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

+1461.2% since first listed

22 events — show timeline

• 2026-05-29 Listed $124,900 Stellar MLS as Distributed by MLS Grid
• 2019-01-10 Sold (Public Records) $74,000 Public Records
• 2019-01-07 Sold (MLS) $74,000 Stellar MLS as Distributed by MLS Grid
• 2018-12-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-11-23 Listed $74,000 Stellar MLS as Distributed by MLS Grid
• 2018-05-22 Sold (MLS) $22,900 Stellar MLS as Distributed by MLS Grid
• 2018-05-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-05-01 Price Changed $22,500 Stellar MLS as Distributed by MLS Grid
• 2018-04-09 Price Changed $24,900 Stellar MLS as Distributed by MLS Grid
• 2018-01-04 Price Changed $29,900 Stellar MLS as Distributed by MLS Grid
• 2017-12-01 Listed $34,900 Stellar MLS as Distributed by MLS Grid
• 2013-06-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-05-14 Listed $44,900 Stellar MLS as Distributed by MLS Grid
• 2013-02-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-10-30 Listed $44,900 Stellar MLS as Distributed by MLS Grid
• 2012-04-28 Listed $44,900 Stellar MLS as Distributed by MLS Grid
• 2011-04-27 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2007-08-20 Sold (Public Records) $47,900 Public Records
• 2007-08-15 Sold (MLS) $47,900 Stellar MLS as Distributed by MLS Grid
• 2007-05-12 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2006-10-06 Listed $54,500 Stellar MLS as Distributed by MLS Grid
• 1980-02-01 Sold (Public Records) $8,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $611 · +4.7% YoY. Source: county tax records.