7135 EL Dewitt St · Pasadena Hills, FL 33541

$149,000

2 bd · 2.0 ba · 1,104 sqft · Manufactured public records · 64 Days on market

Built 1983 4,417 sqft lot Est $130k · 14% over $114/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 +25.2/30.0
• DSCR +8.3/10.0
• 1% rule +6.4/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• ARV discount +1.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

NOT A SHORT SALE! This is a Spanish Trails beauty! No up hill drive here! 2 bedrooms, 2 baths, with a 2 car carport. Enjoy the outdoors with your own Florida Room and two screened lanais. The master bedroom has sliding glass doors with access to the side lanai which houses the workshop/laundry room. The kitchen features plentiful cabinets, pantry, dishwasher, refrigerator, range, and disposal. The dining room has a built in hutch. This home is being sold furnished. Please contact listing agent fo r inventory list. Spanish Trails is close to shopping, dining, and everything Zephyrhills has to offer!

Key facts

• 4,417 sq ft lot
• Parking
• Community pool

Property features AI

Finance

• Other: Furnished; Association name: Tammy
• Financial info: Total monthly HOA fees $114; Total annual fees $1,368; Lease restrictions apply
• HOA & community: Has HOA (monthly fee $114); Association amenities include clubhouse, pool, spa/hot tub, recreation facilities, private road, trash; Buyer/association approval required; Deed restrictions; Street lights; Senior community; Pets allowed (cats and dogs; max pet weight 25 lbs)

Exterior

• Parking: Covered parking; Driveway; 1-car carport
• Security: Gated community (association amenity)
• Utilities: Public water; Public sewer; Electricity connected; Cable available; Water and sewer connected
• Home design: Manufactured double-wide home; Single-story; Faces east; Crawlspace foundation
• Construction: Vinyl siding; Membrane and metal roof
• Exterior features: Covered front porch; Screened porch; Patio/porch covered; Hurricane shutters; Rain gutters; Level, paved, private lot; Private maintained road; Asphalt/paved road surface; Storage and workshop on property

Interior

• Kitchen: Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Decorative electric fireplace; Florida room; Storage rooms
• Laundry & utility: Washer; Dryer; Inside laundry room; Outside laundry access

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $149k.

Deal economics

• At list price, monthly cash flow is $333 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $140k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 3.7% 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: schools F, 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; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 36% 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 $1k 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 64 days — a 6% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 4 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 $60k; list at $149k implies a 148% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 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 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?
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: 1.14% ✓
• Cap rate: 8.97%
• Cash-on-cash: 9.57%
• DSCR: 1.43
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $130,272
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37817 Granada Ave	0.05mi	2/2.0	1,056 (-4%)	4mo	$125,000	$118	87
37838 Barcelona Ave	0.14mi	2/2.0	1,128 (+2%)	4mo	$136,000	$121	87
37838 Granada Ave	0.06mi	2/2.0	1,056 (-4%)	9mo	$139,000	$132	83
7053 EL Conquistador St	0.12mi	2/2.0	1,056 (-4%)	12mo	$122,000	$116	78
37820 Madeira Ave	0.07mi	2/2.0	1,056 (-4%)	16mo	$139,000	$132	77
6902 Orlo Dr	0.48mi	2/2.0	1,104 (0%)	2mo	$75,000	$68	76
37848 Barcelona Ave	0.14mi	2/2.0	1,056 (-4%)	13mo	$125,000	$118	75
7141 EL Matador St	0.04mi	2/2.0	1,218 (+10%)	15mo	$137,500	$113	69
37611 Amigo Dr	0.22mi	2/2.0	1,196 (+8%)	14mo	$140,000	$117	64
37648 Campo Ave	0.14mi	2/2.0	972 (-12%)	11mo	$114,000	$117	64
37452 Attica Ave	0.40mi	2/1.5	1,028 (-7%)	5mo	$94,000	$91	64
37642 Amigo Dr	0.17mi	3/2.0 (+1)	1,204 (+9%)	14mo	$156,000	$130	61

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: -5.2%
• Equity multiple: 0.81×
• Total profit: $-7,896
• Equity at exit: $22,216

10-year hold

• IRR: 0.5%
• Equity multiple: 1.03×
• Total profit: $1,296
• Equity at exit: $12,883

Cash invested: $41,720 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,692 high
• Mortgage (P&I): −$781
• Tax from tax record: −$46 /mo · $557/yr
• Insurance: −$62
• HOA: −$114
• Vacancy / Maint / Mgmt: −$355
• Net cashflow: $333

Break-even live

Break-even rent $1,271

Max offer price $149,000

Occupancy floor 75%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37814 Daughtery Rd Zephyrhills, FL	2.0	1.0	1070	$1,395	$1.30	4d	1	0.21mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	24d	1	0.29mi
7660 Emerson Hill Cir Zephyrhills, FL	1.0–3.0	1.0–2.0	1077	$1,964	$1.82	1d	34	0.56mi
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	24d	1	0.79mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	24d	1	0.79mi
6633 Foxmoor Dr Zephyrhills, FL	3.0	2.0	1300	$2,000	$1.54	24d	1	0.84mi
6335 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,650	$1.21	20d	1	0.88mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	0.90mi
6246 Timberly Ln Zephyrhills, FL	3.0	2.5	1363	$1,900	$1.39	24d	1	0.92mi
37661 Aaralyn Rd Zephyrhills, FL	3.0	2.5	1363	$1,800	$1.32	24d	1	0.92mi
6262 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,700	$1.25	24d	1	0.92mi
38485 County Road 54 Zephyrhills, FL	2.0	1.0	800	$1,100	$1.38	24d	1	0.93mi
6195 Daerr Ridge St Zephyrhills, FL	3.0	2.5	1386	$2,000	$1.44	17d	1	1.04mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	1d	142	1.04mi
6773 Branham Mill Ct Zephyrhills, FL	3.0	2.0	1454	$1,950	$1.34	24d	1	1.07mi
38300 Henry Dr Zephyrhills, FL	2.0	1.0	1152	$1,650	$1.43	4d	1	1.07mi
6136 Pina Colada St Zephyrhills, FL	3.0	2.5	1386	$2,100	$1.52	12d	1	1.12mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	4d	1	1.27mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	24d	1	1.43mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	24d	1	1.43mi
39132 County Rd Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	24d	1	1.50mi

HOA detail

• Monthly dues: $114 · $1,368/yr

Listing history 24 events

1. 2026-06-18
   days on market $149,000 Active 64 DOM
2. 2026-06-17
   days on market $149,000 Active 63 DOM
3. 2026-06-16
   days on market $149,000 Active 62 DOM
4. 2026-06-15
   days on market $149,000 Active 61 DOM
5. 2026-06-13
   days on market $149,000 Active 59 DOM
6. 2026-06-09
   days on market $149,000 Active 55 DOM
7. 2026-06-08
   days on market $149,000 Active 54 DOM
8. 2026-06-07
   days on market $149,000 Active 53 DOM
9. 2026-06-04
   days on market $149,000 Active 50 DOM
10. 2026-06-03
    days on market $149,000 Active 49 DOM
11. 2026-06-02
    days on market $149,000 Active 48 DOM
12. 2026-06-01
    days on market $149,000 Active 47 DOM
13. 2026-05-31
    days on market $149,000 Active 46 DOM
14. 2026-04-20
    status Active
15. 2026-04-09
    status Pending
16. 2026-04-04
    listed $149,000 Active
17. 2010-04-19
    listed $66,900
18. 2008-12-12
    soldstatus $60,000
19. 2008-11-12
    soldstatus $60,000 608-char remark

    Show marketing remark (608 chars)

    NOT A SHORT SALE! This is a Spanish Trails beauty! No up hill drive here! 2 bedrooms, 2 baths, with a 2 car carport. Enjoy the outdoors with your own Florida Room and two screened lanais. The master bedroom has sliding glass doors with access to the side lanai which houses the workshop/laundry room. The kitchen features plentiful cabinets, pantry, dishwasher, refrigerator, range, and disposal. The dining room has a built in hutch. This home is being sold furnished. Please contact listing agent fo r inventory list. Spanish Trails is close to shopping, dining, and everything Zephyrhills has to offer!

20. 2008-09-29
    listed $69,900 608-char remark

    Show marketing remark (608 chars)

    NOT A SHORT SALE! This is a Spanish Trails beauty! No up hill drive here! 2 bedrooms, 2 baths, with a 2 car carport. Enjoy the outdoors with your own Florida Room and two screened lanais. The master bedroom has sliding glass doors with access to the side lanai which houses the workshop/laundry room. The kitchen features plentiful cabinets, pantry, dishwasher, refrigerator, range, and disposal. The dining room has a built in hutch. This home is being sold furnished. Please contact listing agent fo r inventory list. Spanish Trails is close to shopping, dining, and everything Zephyrhills has to offer!

21. 1998-07-02
    soldstatus $39,900
22. 1988-09-01
    soldstatus $11,200
23. 1985-07-01
    soldstatus $39,000
24. 1984-01-01
    soldstatus $38,000

ⓘ 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: $557 · $46/mo
• Projected year-2 tax: $1,237 · $103/mo
• Expected delta: +$680/yr (+$57/mo · 122.1%)

ⓘ 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 · 23 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: $20,304
• − Mortgage interest: −$8,346
• − Property taxes: −$557
• − Insurance: −$745
• − Repairs & maintenance: −$1,624
• − Management: −$1,624
• − HOA: −$1,368
• − Depreciation: −$4,335
• Taxable income: $1,705
• Est. tax owed @ 24.0%: −$409
• After-tax cash flow: $3,585/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

+292.1% since first listed

11 events — show timeline

• 2026-04-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Listed $149,000 Stellar MLS as Distributed by MLS Grid
• 2010-04-19 Listed $66,900 Stellar MLS as Distributed by MLS Grid
• 2008-12-12 Sold (Public Records) $60,000 Public Records
• 2008-11-12 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
• 2008-09-29 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 1998-07-02 Sold (Public Records) $39,900 Public Records
• 1988-09-01 Sold (Public Records) $11,200 Public Records
• 1985-07-01 Sold (Public Records) $39,000 Public Records
• 1984-01-01 Sold (Public Records) $38,000 Public Records

Property tax history

+3.9%/yr

Latest (2025): $557 · +4.9% YoY. Source: county tax records.