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9838 Allendale St
C- Composite 54.02
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 +15.1/30.0
  • ARV discount +15.0/15.0
  • Schools +6.1/10.0
  • DSCR +4.6/10.0
  • 1% rule +4.2/10.0
  • Condition / age +4.0/5.0
  • Livability +3.2/5.0
  • Rent growth +1.8/5.0
  • Appreciation +0.0/10.0

$245,990

9838 Allendale St · Pasadena Hills, FL 33545
3 bd · 2.5 ba · 1,666 sqft · Townhouse · 96 Days on market
Built 2026 Good condition 1-car garage $148/sqft · 17% below area Est $297k · 17% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Luxury is in the details of this charming two-story townhome. The first floor enjoys an airy design among the spacious living room, kitchen and dining room, opening to the covered patio for serene outdoor moments. Upstairs, an adaptable central loft leads to two secondary bedrooms and the tranquil owner's suite. The owner's suite is in a privately situated corner, showcasing a full-sized bathroom and large walk-in closet.

Key facts

  • Central loft
  • Covered patio
  • Full sized bathroom

Tags

TWO STORY TOWNHOMECOVERED PATIOCENTRAL LOFTFULL SIZED BATHROOMLARGE WALK IN CLOSET

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.5-bath townhouse listed at $246k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $81 ($977/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (8.3% below list).
  • Recommended offer: $224k (9.0% below list) — sets the bar for market timing.
  • Cap rate 6.7% vs local median 3.9% 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: Watergrass Elementary School (math 50% / reading 62%, grade C+, #832 of 2,144 statewide, top 40%, 865 students, 41% FRL); Thomas E. Weightman Middle School (math 48% / reading 53%, grade C, #246 of 571 statewide, top 44%, 1,250 students, 40% FRL); Wesley Chapel High School (math 52% / reading 58%, grade C, #135 of 667 statewide, top 20%, 1,826 students, 40% FRL).
  • Market conditions: Rents soft (-2.7%/yr); 832 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 78d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $2k of loan paydown is wiped out by about $7k 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 96 days — a 9% lower offer ($224k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $223,850 (9.0% below list)

Questions for the listing agent

  1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  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
0.92%
Cap rate
6.69%
Cash-on-cash
1.42%
DSCR
1.06
GRM
9.1

CMA / ARV

ARV (median comp)
$297,128
List price
$245,990
Delta
-17.21%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
10398 Trumpet Honeysuckle Way 0.92mi 3/2.5 1,634 (-2%) 1mo $270,000 $165 61
10198 Trumpet Honeysuckle Way 0.82mi 3/2.5 1,666 (0%) 14mo $260,000 $156 53
10171 Trumpet Honeysuckle Way 0.83mi 3/2.5 1,634 (-2%) 13mo $245,900 $150 51
10233 Trumpet Honeysuckle Way 0.86mi 3/2.5 1,634 (-2%) 14mo $236,850 $145 50
10203 Trumpet Honeysuckle Way 0.85mi 3/2.5 1,634 (-2%) 14mo $242,900 $149 50
32038 Pop Ash Pl 1.01mi 3/2.5 1,801 (+8%) 2mo $273,000 $152 50
10207 Trumpet Honeysuckle Way 0.85mi 3/2.5 1,634 (-2%) 14mo $236,850 $145 50
10221 Trumpet Honeysuckle Way 0.85mi 3/2.5 1,634 (-2%) 14mo $244,900 $150 50
10186 Trumpet Honeysuckle Way 0.81mi 3/2.5 1,787 (+7%) 13mo $288,500 $161 42
10193 Trumpet Honeysuckle Way 0.84mi 2/2.5 (-1) 1,541 (-8%) 14mo $234,400 $152 36
10211 Trumpet Honeysuckle Way 0.85mi 2/2.5 (-1) 1,541 (-8%) 14mo $237,250 $154 36
10237 Trumpet Honeysuckle Way 0.86mi 2/2.5 (-1) 1,541 (-8%) 14mo $229,900 $149 36

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
-17.5%
Equity multiple
0.40×
Total profit
$-41,250
Equity at exit
$36,678
10-year hold
IRR
-16.5%
Equity multiple
0.21×
Total profit
$-54,644
Equity at exit
$21,269

Cash invested: $68,877 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
47 active · 5 under contract
Months of supply
282.0 mo (0%/mo absorbed)
Median asking
$275,900 ($166/sqft)
Median days on market
45 d
This list price
lowest-priced of the active set
ARV vs active asking
+7.7% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 33545

Home prices YoY
-17.4%
Rents YoY
-2.7%
Active inventory
832
Price-to-rent
9.1×

Monthly cashflow live

Estimated rent
$2,255 high interval (Pro) →
Mortgage (P&I)
$1,290
Tax est. 1.5%
$307 /mo · $3,690/yr
Insurance
$102
HOA
$0
Vacancy / Maint / Mgmt
$474
Net cashflow
$81

Break-even live

Break-even rent $2,152
Max offer price $245,990
Occupancy floor 91%

Sensitivity live

Price -10% $251 -5% $166 +0% $81 +5% $-4 +10% $-89
Rent -10% $-97 -5% $-8 +0% $81 +5% $170 +10% $260
Rate -1.0pp $205 -0.5pp $144 base $81 +0.5pp $18 +1.0pp $-47

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
$61,498
Closing costs
$7,380
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
9848 Allendale St Wesley Chapel, FL 3.0 2.5 1666 $2,145 $1.29 10d 1 0.04mi
9851 Feaster Dr Wesley Chapel, FL 3.0 2.5 1666 $1,800 $1.08 115d 1 0.07mi
9864 Allendale St Wesley Chapel South, FL 3.0 2.5 1666 $2,100 $1.26 120d 1 0.09mi
9844 Allendale St Wesley Chapel South, FL 3.0 2.5 1666 $2,150 $1.29 29d 1 0.09mi
32985 Twin Flowers Ave Wesley Chapel, FL 4.0 2.0 1817 $2,500 $1.38 0d 1 0.13mi
9853 Branching Ship Trce Wesley Chapel, FL 4.0 2.0 1817 $2,650 $1.46 108d 1 0.48mi
10019 Curley Rd San Antonio, FL 3.0 2.0 1304 $1,900 $1.46 64d 1 0.48mi
32433 Windmill Frg Wesley Chapel, FL 3.0 2.0 1448 $2,095 $1.45 10d 1 0.49mi
9493 Rally Spring Loop Wesley Chapel, FL 4.0 3.0 2207 $2,500 $1.13 117d 1 0.58mi
9610 Rally Spring Loop Wesley Chapel, FL 3.0 2.0 2020 $2,750 $1.36 100d 1 0.64mi
10110 Honey Hammock Way San Antonio, FL 2.0 2.5 1513 $1,995 $1.32 120d 1 0.81mi
10114 Honey Hammock Way San Antonio, FL 3.0 2.5 1634 $1,895 $1.16 116d 1 0.81mi
10171 Trumpet Honeysuckle Way San Antonio, FL 3.0 2.5 1634 $1,900 $1.16 120d 1 0.81mi
10199 Trumpet Honeysuckle Way San Antonio, FL 3.0 2.5 1634 $1,925 $1.18 10d 1 0.83mi
10203 Trumpet Honeysuckle Way San Antonio, FL 3.0 2.5 1634 $1,900 $1.16 60d 1 0.83mi
10121 Honey Hammock Way San Antonio, FL 3.0 2.5 1666 $2,100 $1.26 120d 1 0.84mi
10268 Trumpet Honeysuckle Way San Antonio, FL 3.0 2.5 1787 $1,950 $1.09 32d 1 0.84mi
10268 Trumpet Honeysuckle Way San Antonio, FL 3.0 3.0 1787 $1,950 $1.09 6d 1 0.84mi
10250 Honey Hammock Way San Antonio, FL 3.0 2.5 1676 $1,979 $1.18 120d 1 0.87mi
10334 Trumpet Honeysuckle Way San Antonio, FL 3.0 3.0 1634 $2,000 $1.22 120d 1 0.87mi
10268 Honey Hammock Way San Antonio, FL 2.0 2.5 1541 $1,895 $1.23 10d 1 0.88mi
10268 Honey Hammock Way Unit 10268 San Antonio, FL 2.0 2.5 1541 $1,975 $1.28 43d 1 0.88mi
10288 Honey Hammock Way San Antonio, FL 3.0 2.5 1787 $2,099 $1.17 78d 1 0.89mi
10321 Trumpet Honeysuckle Way San Antonio, FL 3.0 2.5 1666 $2,000 $1.20 117d 1 0.89mi
10300 Honey Hammock Way San Antonio, FL 3.0 2.5 1666 $1,899 $1.14 40d 1 0.89mi
32034 Sapna Chime Dr Wesley Chapel, FL 4.0 3.0 2214 $3,000 $1.36 10d 1 0.90mi
32067 Spiceberry St San Antonio, FL 3.0 2.5 1634 $1,900 $1.16 95d 1 0.91mi
10375 Trumpet Honeysuckle Way San Antonio, FL 3.0 2.5 1666 $1,900 $1.14 64d 1 0.92mi
10356 Honey Hammock Way San Antonio, FL 3.0 2.5 1666 $1,890 $1.13 94d 1 0.92mi
32235 Powderpuff Mimosa Dr San Antonio, FL 3.0 2.5 1634 $2,050 $1.25 27d 1 0.95mi
32003 Conchshell Sail St Wesley Chapel, FL 4.0 2.5 2037 $2,500 $1.23 10d 1 0.95mi
32201 Powderpuff Mimosa Dr San Antonio, FL 3.0 3.0 1634 $2,000 $1.22 64d 1 0.96mi
32010 Spiceberry St San Antonio, FL 3.0 2.5 1634 $1,900 $1.16 64d 1 0.96mi
32009 Spiceberry St San Antonio, FL 2.0 2.5 1513 $1,900 $1.26 113d 1 0.97mi
32146 Powderpuff Mimosa Dr San Antonio, FL 3.0 2.5 1801 $2,050 $1.14 115d 1 0.99mi
32127 Powderpuff Mimosa Dr San Antonio, FL 3.0 2.5 1634 $2,100 $1.29 120d 1 1.00mi
31921 Conchshell Sail St Wesley Chapel, FL 3.0–4.0 2.5 1848 $2,642 $1.43 0d 13 1.04mi
32040 Griffin Sands Ln San Antonio, FL 2.0 2.0 1616 $2,350 $1.45 10d 1 1.04mi
32077 Powderpuff Mimosa Dr San Antonio, FL 2.0 2.5 1541 $2,100 $1.36 120d 1 1.06mi
10888 Quail Grove Way San Antonio, FL 3.0 2.0 1690 $2,400 $1.42 120d 1 1.11mi

Property features AI

Finance

Other
Address: 9838 Allendale St, Wesley Chapel, FL 33545Listing last modified May 21, 2026
Financial info
List price $275,490

Exterior

Parking
1-car garage (1 total parking space)
Home design
Single-family residenceActive listing
Exterior features
Living area of 1666

Interior

Bedrooms
3 bedrooms
Bathrooms
2 full bathrooms and 1 half bathroom
Interior features
Spec home — St. Thomas II plan

Listing history 46 events

  1. 2026-07-31
    pricedays on market $245,990 Active 96 DOM
  2. 2026-07-30
    pricedays on market $245,890 Active 94 DOM
  3. 2026-07-28
    days on market $250,890 Active 93 DOM
  4. 2026-07-26
    pricedays on market $250,890 Active 91 DOM
  5. 2026-07-24
    days on market $255,890 Active 89 DOM
  6. 2026-07-23
    days on market $255,890 Active 88 DOM
  7. 2026-07-23
    price $255,890 Active 87 DOM
  8. 2026-07-22
    days on market $258,890 Active 87 DOM
  9. 2026-07-21
    days on market $258,890 Active 86 DOM
  10. 2026-07-20
    days on market $258,890 Active 85 DOM
  11. 2026-07-18
    days on market $258,890 Active 82 DOM
  12. 2026-07-16
    days on market $258,890 Active 81 DOM
  13. 2026-07-15
    days on market $258,890 Active 80 DOM
  14. 2026-07-14
    price $258,890 Active 78 DOM
  15. 2026-07-13
    days on market $258,790 Active 78 DOM
  16. 2026-07-13
    days on market $258,790 Active 77 DOM
  17. 2026-07-11
    days on market $258,790 Active 76 DOM
  18. 2026-07-10
    days on market $258,790 Active 75 DOM
  19. 2026-07-10
    price $258,790 Active 74 DOM
  20. 2026-07-09
    pricedays on market $288,790 Active 74 DOM
  21. 2026-07-07
    days on market $275,790 Active 72 DOM
  22. 2026-07-06
    days on market $275,790 Active 71 DOM
  23. 2026-07-06
    days on market $275,790 Active 70 DOM
  24. 2026-07-05
    days on market $275,790 Active 69 DOM
  25. 2026-07-03
    days on market $275,790 Active 68 DOM
  26. 2026-07-03
    days on market $275,790 Active 67 DOM
  27. 2026-07-01
    days on market $275,790 Active 66 DOM
  28. 2026-06-30
    days on market $275,790 Active 65 DOM
  29. 2026-06-29
    days on market $275,790 Active 64 DOM
  30. 2026-06-28
    days on market $275,790 Active 63 DOM
  31. 2026-06-27
    days on market $275,790 Active 62 DOM
  32. 2026-06-26
    days on market $275,790 Active 61 DOM
  33. 2026-06-24
    days on market $275,790 Active 59 DOM
  34. 2026-06-18
    days on market $275,790 Active 53 DOM
  35. 2026-06-17
    days on market $275,790 Active 52 DOM
  36. 2026-06-16
    days on market $275,790 Active 51 DOM
  37. 2026-06-15
    days on market $275,790 Active 50 DOM
  38. 2026-06-13
    days on market $275,790 Active 48 DOM
  39. 2026-06-09
    days on market $275,790 Active 44 DOM
  40. 2026-06-08
    pricedays on market $275,790 Active 43 DOM
  41. 2026-06-07
    days on market $275,590 Active 42 DOM
  42. 2026-06-04
    days on market $275,590 Active 39 DOM
  43. 2026-06-03
    days on market $275,590 Active 38 DOM
  44. 2026-06-02
    days on market $275,590 Active 37 DOM
  45. 2026-06-01
    days on market $275,590 Active 36 DOM
  46. 2026-05-31
    days on market $275,590 Active 35 DOM

ⓘ 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 6/10 Major
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 26 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$27,059
− Mortgage interest
−$13,779
− Property taxes
−$3,690
− Insurance
−$1,230
− Repairs & maintenance
−$2,165
− Management
−$2,165
− Depreciation
−$7,156
Taxable loss
−$3,126
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$750
After-tax cash flow
$1,727/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 · 12 photos

Good 80/100 Cosmetic rehab Est. rehab $8,330–$24,990 screening

This charming two-story townhome is in good condition with minimal repairs needed. It offers a modern and well-maintained interior with a good curb appeal.

Value-add opportunities

  • Resale Paint exterior trim — Enhances curb appeal
  • Rental Clean gutters — Keeps property in good condition

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 61/100

Zoned Schools

Elementary Woodlands Elementary School A FL #141/2,144 Nat'l #1,513/41,679 Middle Thomas E. Weightman Middle School C FL #246/571 Nat'l #3,367/14,009 High Wesley Chapel High School C FL #135/667 Nat'l #4,413/17,239

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
C Composite livability gradescore 63/100

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 · 570,045 people
Metro
Tampa-St. Petersburg-Clearwater, FL
Population (ZIP)
30,222
Household income
$118,889
Rent vs Own
17.3% rent · 82.7% own
Severe rent burden
18% of renters

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 0.68)
Race & ethnicity
White 45% Hispanic / Latino 30% Two or more races 20% Black 14% Asian 4%
Hispanic origin (detail)
Mexican 2% Puerto Rican 10% Cuban 2% Dominican 3%
Common ancestry
Hispanic 2% Romanian 2% Lithuanian 1%
Foreign-born
16% · Canada, Vietnam, Jamaica
Languages at home
74% English-only · Spanish 17% Other Indo-European 3% French/Haitian/Cajun 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

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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