4848 Baker Ave #220 · Zephyrhills West, FL 33541

$144,500

2 bd · 2.0 ba · 748 sqft · Manufactured · 89 Days on market

Built 1994 Good condition 1,988 sqft lot $130/mo HOA · 7% 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 +24.6/30.0
• DSCR +7.9/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Condition / age +3.8/5.0
• Livability +3.1/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks

Rare Opportunity! This beautifully maintained 2-bedroom, 2-bath park model offers both comfort and functionality in a highly desirable layout. The home includes a walk-in shower and a convenient in-unit laundry located in the second bathroom, complete with a brand new washer and dryer. Enjoy peace of mind with major updates already completed, including energy-efficient windows, and a recently installed AC and heat pump (just 6 months old), and new carpeting—providing year-round comfort and efficiency. The kitchen is equipped with an electric stove and a pantry for added storage, while the open living spaces make everyday living and entertaining a breeze. Perfect for seasonal living or

Key facts

• In-unit laundry
• Walk-in shower
• Electric stove

Tags

• WALK-IN SHOWER
• IN-UNIT LAUNDRY
• NEW ROOF
• ENERGY-EFFICIENT WINDOWS
• RECENTLY INSTALLED AC
• ELECTRIC STOVE

Property features AI

Finance

• Other: Association fee includes common area taxes, pool, escrow reserves, fidelity bond, insurance, private road, recreational facilities, and trash
• Financial info: Total monthly fees $130; total annual fees $1,560; Lease restrictions apply
• HOA & community: Monthly HOA fee of $130 (required) managed by Lynn Sweeney; Association amenities include clubhouse, fitness center, pool, spa/hot tub, sauna, tennis and pickleball courts, shuffleboard, park, recreation facilities, laundry, gated access, private road, sidewalks, vehicle restrictions, wheelchair access, community mailbox, and deed restrictions; Buyer/association approval required; Senior community; Pets allowed with limits (max ~20 lbs; number and size limits apply)

Exterior

• Parking: No specific parking details provided
• Security: Gated community
• Utilities: Public water; Public sewer; Electricity available and connected; Fiber optics available; Cable and phone available; Broadband/high-speed internet available; Underground utilities; Water and sewer connected
• Home design: Manufactured single-wide home; One story; Facing south; Completed condition; Crawlspace foundation
• Construction: Vinyl siding over frame construction; Membrane and shingle roof; Built as a manufactured home
• Exterior features: Front porch; Awnings; Rain gutters; Storage shed(s); Level, private lot; Paved asphalt road with private maintenance; Lot dimensions approximately 32.17 x 65 x 29.01 x 65

Interior

• Kitchen: Range; Range hood; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Kitchen/family room combo; Thermostat; Vaulted ceilings; Window treatments; Double-pane, ENERGY STAR qualified and insulated windows; Tinted windows
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $144k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $299 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.

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; 1 comparable units currently listed for rent nearby; 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 $999 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

• It's been on market 89 days — a 6% lower offer ($136k) 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 $135,830 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 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. 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?
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: 1.25% ✓
• Cap rate: 8.77%
• Cash-on-cash: 8.86%
• DSCR: 1.39
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $84,524
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35012 Dale Ave	0.21mi	2/2.0	732 (-2%)	4mo	$95,000	$130	83
35238 Dodie Dr #09	0.21mi	1/2.0 (-1)	726 (-3%)	2mo	$79,000	$109	79
35204 Ada Ave	0.24mi	2/1.0	710 (-5%)	0mo	$80,000	$113	76
35142 Zephyr Shores Dr	0.21mi	2/2.0	720 (-4%)	12mo	$83,000	$115	74
35246 Tiffani Lot 63 Ct	0.19mi	2/1.0	687 (-8%)	5mo	$118,000	$172	69
35128 Dale Ave	0.18mi	2/2.0	852 (+14%)	8mo	$84,900	$100	62
34840 Carl Ave	0.39mi	2/2.0	840 (+12%)	20mo	$95,000	$113	44

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: -6.6%
• Equity multiple: 0.76×
• Total profit: $-9,585
• Equity at exit: $21,545

10-year hold

• IRR: -1.7%
• Equity multiple: 0.90×
• Total profit: $-3,884
• Equity at exit: $12,494

Cash invested: $40,460 (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: $1,807 medium
• Mortgage (P&I): −$758
• Tax est. 1.5%: −$181 /mo · $2,168/yr
• Insurance: −$60
• HOA: −$130
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $299

Break-even live

Break-even rent $1,429

Max offer price $144,500

Occupancy floor 78%

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: $36,125
• Closing costs: $4,335
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34002 Painthorse Way Wesley Chapel, FL	1.0–3.0	1.0–2.0	1022	$2,208	$2.16	3d	46	1.45mi

HOA detail

• Monthly dues: $130 · $1,560/yr
• Likely covers: electric

Listing history 14 events

1. 2026-06-18
   days on market $144,500 Active 89 DOM
2. 2026-06-17
   days on market $144,500 Active 88 DOM
3. 2026-06-16
   days on market $144,500 Active 87 DOM
4. 2026-06-15
   days on market $144,500 Active 86 DOM
5. 2026-06-13
   days on market $144,500 Active 84 DOM
6. 2026-06-09
   days on market $144,500 Active 80 DOM
7. 2026-06-08
   days on market $144,500 Active 79 DOM
8. 2026-06-07
   days on market $144,500 Active 78 DOM
9. 2026-06-04
   days on market $144,500 Active 75 DOM
10. 2026-06-03
    days on market $144,500 Active 74 DOM
11. 2026-06-02
    days on market $144,500 Active 73 DOM
12. 2026-06-01
    days on market $144,500 Active 72 DOM
13. 2026-05-31
    days on market $144,500 Active 71 DOM
14. 2026-03-21
    listed $144,500 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 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: $21,679
• − Mortgage interest: −$8,094
• − Property taxes: −$2,168
• − Insurance: −$722
• − Repairs & maintenance: −$1,734
• − Management: −$1,734
• − HOA: −$1,560
• − Depreciation: −$4,204
• Taxable income: $1,462
• Est. tax owed @ 24.0%: −$351
• After-tax cash flow: $3,232/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This park model is in good condition with minor repairs needed. Fresh paint and new carpet can significantly enhance its resale and rental value.

Repairs flagged

• Minor Paint — Painted walls show some wear
• Minor Flooring — Carpeted floors show some wear

Value-add opportunities

• Resale Paint — Fresh paint can enhance curb appeal and interior aesthetics
• Resale Flooring — New carpet can improve comfort and appearance
• Both Landscaping — Enhanced landscaping can boost curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Paint · Painted walls show some wear	Minor	$500–3,000
Flooring · Carpeted floors show some wear	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint — Fresh paint can enhance curb appeal and interior aesthetics ↑
• Resale Flooring — New carpet can improve comfort and appearance ↑
• Both Landscaping — Enhanced landscaping can boost curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

• County: Pasco County · 524,098 people
• City population: 48,266
• 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

1 event — show timeline

• 2026-03-21 Listed $144,500 Stellar MLS as Distributed by MLS Grid