3920 Kim Dr · Wesley Chapel, FL 33543

$100,000

2 bd · 2.0 ba · 768 sqft · Manufactured public records · 256 Days on market

Built 1983 4,000 sqft lot $45/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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.4/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

TERRACE PARK 2 BEDROOM 1 1/2 BATH WITH AN UNBEATABLE PRICE! If your wanting to enjoy the Florida lifestyle, while owning your own land at an affordable price, then this is the place for you. THAT'S RIGHT, NO LOT RENT HERE! This is the perfect year round or part time residence. As soon as you drive up to this home you will notice the great screen in porch on the front. This is the perfect place to sit back and enjoy your morning coffee or evening drink. Inside you'll find a great floorpan with the large kitchen, and dining areas open to the family room. Two bedrooms sit to the back of the home. Master bedroom with it's own half bath and guest bath in hall. Convenient carport outside, you'll never get wet unloading the groceries. Shed in the back of the carport houses your laundry area, all of your tools, and lawn care equipment. This great home comes fully furnished and even the appliances are included, just bring your personal belongings! All of this and a great location between Zephyrhills and Wesley Chapel, just minutes from Prime Outlets, Wiregrass Mall, dining, theaters, medical centers. Call to schedule your private tour!

Key facts

• New paint
• Modern finishes
• Recently renovated

Tags

• RECENTLY RENOVATED
• NEW ROOF
• UPDATED PLUMBING
• NEW PAINT
• MODERN FINISHES
• BRAND-NEW WHITE CABINETRY

Property features AI

Finance

• Financial info: Lease restrictions apply
• HOA & community: Association: TERRACE PARK; Monthly HOA fee $45.55 (annual total $546.55); Association amenities include clubhouse, pool, shuffleboard court; Association fee required; Senior community; Pets allowed

Exterior

• Parking: Covered driveway; 1-car carport
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Cable available; Electricity available and connected
• Home design: Manufactured home (double wide); Single-story; Faces west; One-level entry; Crawlspace foundation
• Construction: Metal frame with metal siding; Metal roof
• Exterior features: Covered, enclosed and screened front porch; Patio/porch is covered, enclosed and screened; Hurricane shutters; Exterior lighting; Rain gutters; Sidewalk; Sliding doors; Exterior storage

Interior

• Kitchen: Ice maker; Microwave; Range; Refrigerator; Water filtration system; Eat-in kitchen with solid surface counters and solid wood cabinets
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Solid surface counters; Solid wood cabinets; Thermal windows; Smoke detector(s)
• Laundry & utility: Laundry area outside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $741 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.2% vs local median 3.7% in Wesley Chapel — 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 79/100 on livability (#143 in FL, #2,137 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: 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.
• Zoned schools: Chester W. Taylor Jr. Elementary School (math 33% / reading 37%, grade F, #1,697 of 2,144 statewide, top 80%, 654 students, 77% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 73% FRL vs 48% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 36% at this address vs 51% district-wide (-16 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 (-0.4%/yr); 638 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $691 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 $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 256 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 16y ago; this cycle's ask has dropped $60k (38%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; 43% 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; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 256 days. Have you received any prior offers? Is the seller open to a 12% 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. 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.88% ✓
• Cap rate: 15.18%
• Cash-on-cash: 31.74%
• DSCR: 2.41
• GRM: 4.4

CMA / ARV

• ARV (on-the-fly): $463,872
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34125 Chancey Rd	0.50mi	2/1.0	720 (-6%)	12mo	$435,000	$604	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: 23.1%
• Equity multiple: 1.91×
• Total profit: $25,530
• Equity at exit: $14,910

10-year hold

• IRR: 29.0%
• Equity multiple: 3.21×
• Total profit: $61,967
• Equity at exit: $8,646

Cash invested: $28,000 (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 33543

• Home prices YoY: -24.0%
• Rents YoY: -0.4%
• Active inventory: 638
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,876 high
• Mortgage (P&I): −$524
• Tax from tax record: −$130 /mo · $1,565/yr
• Insurance: −$42
• HOA: −$45
• Vacancy / Maint / Mgmt: −$394
• Net cashflow: $741

Break-even live

Break-even rent $939

Max offer price $100,000

Occupancy floor 56%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3829 Kim Dr Wesley Chapel, FL	2.0	1.0	832	$1,395	$1.68	24d	1	0.07mi
33780 Charleston Club Cir Wesley Chapel, FL	1.0–2.0	1.0–2.0	977	$2,135	$2.19	2d	11	0.18mi
33976 Lusitano Dr Wesley Chapel, FL	1.0–3.0	1.0–2.5	1251	$2,284	$1.82	12d	71	0.67mi
34002 Painthorse Way Wesley Chapel, FL	1.0–3.0	1.0–2.0	1022	$2,208	$2.16	2d	46	0.75mi
3030 Beaver Creek Dr Wesley Chapel, FL	2.0	1.0	700	$950	$1.36	14d	1	0.98mi

HOA detail

• Monthly dues: $45 · $540/yr
• Likely covers: landscaping

Listing history 28 events

1. 2026-06-18
   days on market $100,000 Active 256 DOM
2. 2026-06-17
   days on market $100,000 Active 255 DOM
3. 2026-06-16
   days on market $100,000 Active 254 DOM
4. 2026-06-15
   days on market $100,000 Active 253 DOM
5. 2026-06-13
   days on market $100,000 Active 251 DOM
6. 2026-06-09
   days on market $100,000 Active 247 DOM
7. 2026-06-08
   days on market $100,000 Active 246 DOM
8. 2026-06-07
   days on market $100,000 Active 245 DOM
9. 2026-06-04
   days on market $100,000 Active 242 DOM
10. 2026-06-03
    days on market $100,000 Active 241 DOM
11. 2026-06-02
    days on market $100,000 Active 240 DOM
12. 2026-06-01
    days on market $100,000 Active 239 DOM
13. 2026-05-31
    days on market $100,000 Active 238 DOM
14. 2026-04-27
    status Active
15. 2026-04-22
    status Pending
16. 2026-02-20
    price $100,000
17. 2026-02-07
    price $118,000
18. 2026-01-12
    price $122,000
19. 2025-12-01
    price $135,000
20. 2025-11-07
    price $150,000
21. 2025-09-30
    listed $160,000 Active
22. 2021-06-17
    soldstatus $69,900
23. 2021-06-07
    soldstatus $69,900 Closed 1148-char remark

    Show marketing remark (1148 chars)

    TERRACE PARK 2 BEDROOM 1 1/2 BATH WITH AN UNBEATABLE PRICE! If your wanting to enjoy the Florida lifestyle, while owning your own land at an affordable price, then this is the place for you. THAT'S RIGHT, NO LOT RENT HERE! This is the perfect year round or part time residence. As soon as you drive up to this home you will notice the great screen in porch on the front. This is the perfect place to sit back and enjoy your morning coffee or evening drink. Inside you'll find a great floorpan with the large kitchen, and dining areas open to the family room. Two bedrooms sit to the back of the home. Master bedroom with it's own half bath and guest bath in hall. Convenient carport outside, you'll never get wet unloading the groceries. Shed in the back of the carport houses your laundry area, all of your tools, and lawn care equipment. This great home comes fully furnished and even the appliances are included, just bring your personal belongings! All of this and a great location between Zephyrhills and Wesley Chapel, just minutes from Prime Outlets, Wiregrass Mall, dining, theaters, medical centers. Call to schedule your private tour!

24. 2021-04-23
    status Pending 1148-char remark

    Show marketing remark (1148 chars)

    TERRACE PARK 2 BEDROOM 1 1/2 BATH WITH AN UNBEATABLE PRICE! If your wanting to enjoy the Florida lifestyle, while owning your own land at an affordable price, then this is the place for you. THAT'S RIGHT, NO LOT RENT HERE! This is the perfect year round or part time residence. As soon as you drive up to this home you will notice the great screen in porch on the front. This is the perfect place to sit back and enjoy your morning coffee or evening drink. Inside you'll find a great floorpan with the large kitchen, and dining areas open to the family room. Two bedrooms sit to the back of the home. Master bedroom with it's own half bath and guest bath in hall. Convenient carport outside, you'll never get wet unloading the groceries. Shed in the back of the carport houses your laundry area, all of your tools, and lawn care equipment. This great home comes fully furnished and even the appliances are included, just bring your personal belongings! All of this and a great location between Zephyrhills and Wesley Chapel, just minutes from Prime Outlets, Wiregrass Mall, dining, theaters, medical centers. Call to schedule your private tour!

25. 2021-04-05
    listed $69,900 Active 1148-char remark

    Show marketing remark (1148 chars)

    TERRACE PARK 2 BEDROOM 1 1/2 BATH WITH AN UNBEATABLE PRICE! If your wanting to enjoy the Florida lifestyle, while owning your own land at an affordable price, then this is the place for you. THAT'S RIGHT, NO LOT RENT HERE! This is the perfect year round or part time residence. As soon as you drive up to this home you will notice the great screen in porch on the front. This is the perfect place to sit back and enjoy your morning coffee or evening drink. Inside you'll find a great floorpan with the large kitchen, and dining areas open to the family room. Two bedrooms sit to the back of the home. Master bedroom with it's own half bath and guest bath in hall. Convenient carport outside, you'll never get wet unloading the groceries. Shed in the back of the carport houses your laundry area, all of your tools, and lawn care equipment. This great home comes fully furnished and even the appliances are included, just bring your personal belongings! All of this and a great location between Zephyrhills and Wesley Chapel, just minutes from Prime Outlets, Wiregrass Mall, dining, theaters, medical centers. Call to schedule your private tour!

26. 2012-02-15
    soldstatus $24,000 358-char remark

    Show marketing remark (358 chars)

    DOUBLEWIDE HOME FULLY FURNISHED IN AN ADULT PARK. CARPORT WITH STROAGE SHED. PERFECT FOR A NICE COMFORTABLE WINTER HOME. HALFBATH IN MASTER AND FULL BATH IN HALLWAY. METAL ROOF OVER ORIGINAL ROOF WITH NO LEAKS. PARK HAS A CLUB HOUSE, POOL, SHUFFLE BOARD A ND A VEHICLE/RV/TRAILER STORAGE LOT. RECREATION CENTER HAS LOTS OF ACTIVIES, NEWSLETTER AND MUCH MORE.

27. 2010-06-01
    listed $35,000 358-char remark

    Show marketing remark (358 chars)

    DOUBLEWIDE HOME FULLY FURNISHED IN AN ADULT PARK. CARPORT WITH STROAGE SHED. PERFECT FOR A NICE COMFORTABLE WINTER HOME. HALFBATH IN MASTER AND FULL BATH IN HALLWAY. METAL ROOF OVER ORIGINAL ROOF WITH NO LEAKS. PARK HAS A CLUB HOUSE, POOL, SHUFFLE BOARD A ND A VEHICLE/RV/TRAILER STORAGE LOT. RECREATION CENTER HAS LOTS OF ACTIVIES, NEWSLETTER AND MUCH MORE.

28. 1998-02-06
    soldstatus $27,500

ⓘ 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: $1,565 · $130/mo
• Projected year-2 tax: $1,565 · $130/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 5/10 Major
• 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,515
• − Mortgage interest: −$5,602
• − Property taxes: −$1,565
• − Insurance: −$500
• − Repairs & maintenance: −$1,801
• − Management: −$1,801
• − HOA: −$540
• − Depreciation: −$2,909
• Taxable income: $7,796
• Est. tax owed @ 24.0%: −$1,871
• After-tax cash flow: $7,017/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 — Wesley Chapel

• Score: 79/100
• State rank: #143
• US rank: #2137

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wesley Chapel, FL
• County: Pasco County · 524,098 people
• City population: 100,771
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 40,648
• Household income: $107,349
• Rent vs Own: 14.8% rent · 85.2% own
• Severe rent burden: 407.0

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: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 51% Hispanic / Latino 22% Two or more races 15% Black 12% Asian 9%
• Hispanic origin (detail): Mexican 2% Puerto Rican 8% Cuban 2% Dominican 2%
• Common ancestry: Romanian 3% Lithuanian 1% Scotch-Irish 1%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 71% English-only · Spanish 16% Other Indo-European 2% Tagalog/Filipino 2%

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: ▼ -83.13%
• Current HPI: 263.2513
• Rent YoY: ▼ -0.37%
• 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

+263.6% since first listed

15 events — show timeline

• 2026-04-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Price Changed $100,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-07 Price Changed $118,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-12 Price Changed $122,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-01 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-30 Listed $160,000 Stellar MLS as Distributed by MLS Grid
• 2021-06-17 Sold (Public Records) $69,900 Public Records
• 2021-06-07 Sold (MLS) $69,900 Stellar MLS as Distributed by MLS Grid
• 2021-04-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-04-05 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2012-02-15 Sold (MLS) $24,000 Stellar MLS as Distributed by MLS Grid
• 2010-06-01 Listed $35,000 Stellar MLS as Distributed by MLS Grid
• 1998-02-06 Sold (Public Records) $27,500 Public Records

Property tax history

+8.4%/yr

Latest (2025): $1,565 · +9.6% YoY. Source: county tax records.