2016 Lake Linda Cir · Land O' Lakes, FL 33558

$179,900

2 bd · 2.0 ba · 1,150 sqft · Manufactured public records · 87 Days on market

Built 1998 $300/mo HOA

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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 +21.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.0/10.0
• 1% rule +6.5/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks

Single level double-wide home located in the gated nudist co-op community of Lake Linda. This light and bright home has 2-Bedrooms/2-Baths, neutral colors/flooring, and an open floorplan. The kitchen features plenty of cabinets, dual sink, range, dishwasher, fridge, closet pantry, and eat-in breakfast nook. Combination living/dining room with vaulted ceiling. Primary bedroom has a wall-to-wall closet and full en-suite bath with a garden tub and door to the main living space for guests. The second bedroom has an ensuite bath with tub/shower combination and wall-to-wall closet. Full size washer and dryer included. Park your vehicles in the attached 3-car garage with dual doors, dual electric

Key facts

• Dual sink
• Vaulted ceiling
• Plenty of cabinets

Tags

• PLENTY OF CABINETS
• DUAL SINK
• EAT-IN BREAKFAST NOOK
• VAULTED CEILING
• WALL-TO-WALL CLOSET
• FULL EN-SUITE BATH

Property features AI

Finance

• Other: Lease restrictions apply; Furnished; Association contact: Dennis Brown
• Financial info: Total monthly fees listed as $300; total annual fees listed as $3,600
• HOA & community: Has HOA (monthly fee $300); Association requires approval; Association fee includes common area taxes, pool, grounds maintenance, private road, recreational facilities, sewer, and trash; Community features: pool, tennis courts, community mailbox, deed restrictions, special community restrictions, buyer approval required; Pets allowed with breed restrictions

Exterior

• Parking: Driveway; 3-car garage with garage door opener; Attached garage
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available
• Home design: Residential manufactured home (double wide); One story; Faces west; Gated community
• Construction: Vinyl siding with frame construction; Metal and shingle roof; Crawlspace foundation with pillar/post/pier
• Exterior features: Screened patio/porch; Rain gutters; Sliding doors; Level, paved and private lot; Paved road access

Interior

• Kitchen: Dishwasher; Range; Microwave; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Eat-in kitchen; Walk-in closet(s); Inside utility
• Laundry & utility: Washer; Dryer; Laundry inside

🏢 Co-op / cooperative unit. The $179,900 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $180k.

Deal economics

• At list price, monthly cash flow is $281 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 3.7% in Land O' Lakes — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Oakstead Elementary School (math 73% / reading 77%, grade A, #218 of 2,144 statewide, top 11%, 1,110 students, 26% FRL); Charles S. Rushe Middle School (math 66% / reading 62%, grade B+, #105 of 571 statewide, top 19%, 1,548 students, 26% FRL); Sunlake High School (math 63% / reading 66%, grade B-, #78 of 667 statewide, top 13%, 2,159 students, 27% FRL) — zoned schools average 26% FRL vs 48% district-wide (22 pts lower); this property's tenant base skews higher-income than the district average.
• Zoned-school proficiency averages 68% at this address vs 51% district-wide (+17 pts) — the actual schools serving this property are materially stronger than the Pasco average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents falling (-3.1%/yr); 267 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 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 $1k of loan paydown is wiped out by about $5k 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 87 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.

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 $169,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 1.15% ✓
• Cap rate: 8.17%
• Cash-on-cash: 6.69%
• DSCR: 1.30
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $221,950
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2103 Lake Linda Cir	0.03mi	2/2.0	1,180 (+3%)	16mo	$160,000	$136	81
1735 Dorothy Blvd	0.30mi	3/1.5 (+1)	1,296 (+13%)	1mo	$250,000	$193	57

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: -9.7%
• Equity multiple: 0.66×
• Total profit: $-17,253
• Equity at exit: $26,824

10-year hold

• IRR: -5.4%
• Equity multiple: 0.70×
• Total profit: $-15,102
• Equity at exit: $15,554

Cash invested: $50,372 (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 33558

• Home prices YoY: -14.2%
• Rents YoY: -3.1%
• Active inventory: 267
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,077 high
• Mortgage (P&I): −$943
• Tax from tax record: −$42 /mo · $500/yr
• Insurance: −$75
• HOA: −$300
• Vacancy / Maint / Mgmt: −$436
• Net cashflow: $281

Break-even live

Break-even rent $1,722

Max offer price $179,900

Occupancy floor 81%

Sensitivity live

Price	-10% $383	-5% $332	+0% $281	+5% $230	+10% $179
Rent	-10% $117	-5% $199	+0% $281	+5% $363	+10% $445
Rate	-1.0pp $371	-0.5pp $327	base $281	+0.5pp $234	+1.0pp $187

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1761 Cupecoy Cir Unit N7 Lutz, FL	2.0	1.5	1476	$1,800	$1.22	19d	1	0.43mi
20114 Stella Way Lutz, FL	1.0–2.0	1.0–2.0	970	$2,449	$2.52	0d	21	0.60mi
20504 Spanish Ln Land O Lakes, FL	3.0	2.0	1200	$1,600	$1.33	19d	1	0.87mi
20797 Cahaba Dr Lutz, FL	1.0–3.0	1.0–2.5	1174	$2,210	$1.88	0d	198	0.91mi
21606 Rosewood Ct Lutz, FL	3.0	2.0	1393	$2,255	$1.62	26d	1	1.18mi
21447 Northwood Dr Lutz, FL	3.0	2.0	1225	$2,125	$1.73	26d	1	1.31mi
1211 Foxwood Dr Lutz, FL	3.0	2.0	1100	$1,750	$1.59	26d	1	1.42mi

HOA detail

• Monthly dues: $300 · $3,600/yr
• Likely covers: electricsecurity

Listing history 14 events

1. 2026-06-18
   days on market $179,900 Active 87 DOM
2. 2026-06-17
   days on market $179,900 Active 86 DOM
3. 2026-06-16
   days on market $179,900 Active 85 DOM
4. 2026-06-15
   days on market $179,900 Active 84 DOM
5. 2026-06-13
   days on market $179,900 Active 82 DOM
6. 2026-06-09
   days on market $179,900 Active 78 DOM
7. 2026-06-08
   days on market $179,900 Active 77 DOM
8. 2026-06-07
   days on market $179,900 Active 76 DOM
9. 2026-06-04
   days on market $179,900 Active 73 DOM
10. 2026-06-03
    days on market $179,900 Active 72 DOM
11. 2026-06-02
    days on market $179,900 Active 71 DOM
12. 2026-06-01
    days on market $179,900 Active 70 DOM
13. 2026-05-31
    days on market $179,900 Active 69 DOM
14. 2026-03-23
    listed $179,900 Active

ⓘ 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: $500 · $42/mo
• Projected year-2 tax: $1,493 · $124/mo
• Expected delta: +$993/yr (+$83/mo · 198.3%)

ⓘ 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 10/10 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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,924
• − Mortgage interest: −$10,077
• − Property taxes: −$500
• − Insurance: −$900
• − Repairs & maintenance: −$1,994
• − Management: −$1,994
• − HOA: −$3,600
• − Depreciation: −$5,233
• Taxable income: $626
• Est. tax owed @ 24.0%: −$150
• After-tax cash flow: $3,219/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 — Land O' Lakes

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Land O' Lakes, FL
• County: Hillsborough County · 1,540,968 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 33,165
• Household income: $116,090
• Rent vs Own: 28.1% rent · 71.9% own
• Severe rent burden: 639.0

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 0.59)
• Race & ethnicity: White 59% Hispanic / Latino 21% Two or more races 16% Asian 11% Black 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 5%
• Common ancestry: Romanian 4% Slovak 2% Scotch-Irish 2%
• Foreign-born: 16% · Canada, Jamaica, China
• Languages at home: 75% English-only · Spanish 13% Other Indo-European 4% Other Asian/Pacific 3%

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: ▼ -53.60%
• Current HPI: 324.0508
• Rent YoY: ▼ -3.12%
• 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

1 event — show timeline

• 2026-03-23 Listed $179,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.5%/yr

Latest (2025): $500 · +4.1% YoY. Source: county tax records.