4632 Blossom Blvd #4632 · Zephyrhills, FL 33542

$100,000

2 bd · 2.0 ba · 864 sqft · Condo public records · 14 Days on market

Built 1983 $368/mo HOA · 27% 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 +20.0/30.0
• 1% rule +8.8/10.0
• ARV discount +7.5/15.0
• DSCR +6.3/10.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Seldom for sale, 2 bedroom/2 bathroom, enclosed air conditioned Florida room, open floor plan unit with plenty of yard space in beautiful, gated Orange Blossom Ranch. Orange Blossom Ranch is an 55 + community. New water heater in 2023 and HVAC replaced in 2025. Convenient Zephyrhills location close to shopping, entertainment, restaurants, healthcare, schools and most anything one could ever want or need. Beautiful amenities including pool and shuffleboard included in the low HOA fees! No CDD fees. Come see for yourself, won't last long!

Key facts

• Beautiful amenities
• Open floor plan unit
• $368 HOA

Tags

• OPEN FLOOR PLAN UNIT
• GATED ORANGE BLOSSOM RANCH
• BEAUTIFUL AMENITIES
• POOL AND SHUFFLEBOARD

Property features AI

Finance

• Other: Total annual association fees $4,416
• Financial info: Lease restrictions apply
• HOA & community: Monthly HOA fee $368 (covers pool, insurance, structure maintenance, grounds maintenance, trash, and water); Association approval required; Association name listed; Community features include clubhouse, reclaimed water irrigation, pool, and street lights; Senior community with pet breed restrictions

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Electricity connected; Irrigation equipment
• Home design: Condominium, one story; Faces north; Living area and building area listed from public records
• Construction: Block and frame construction; Shingle roof; Block foundation; Built as a single-level unit
• Exterior features: Enclosed patio/porch (Florida room); Private mailbox; Exterior storage; Concrete road access

Interior

• Kitchen: Dishwasher; Range; Microwave; Electric water heater
• Bedrooms: 2 bedrooms (one-story unit, floor 1)
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Open floor plan; Window treatments (blinds)
• Laundry & utility: Washer and dryer inside

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $122 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 7.8% vs local median 3.8% in Zephyrhills — 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 72/100 on livability (#330 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, crime C-, amenities 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 falling (-3.6%/yr); 297 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 34% of the median local income ($49k/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 $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.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $70k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 27% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.38% ✓
• Cap rate: 7.76%
• Cash-on-cash: 5.25%
• DSCR: 1.23
• GRM: 6.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -12.6%
• Equity multiple: 0.56×
• Total profit: $-12,252
• Equity at exit: $14,910

10-year hold

• IRR: -11.2%
• Equity multiple: 0.45×
• Total profit: $-15,453
• 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 33542

• Home prices YoY: -20.6%
• Rents YoY: -3.6%
• Active inventory: 297
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,377 high
• Mortgage (P&I): −$524
• Tax from tax record: −$31 /mo · $375/yr
• Insurance: −$42
• HOA: −$368
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $122

Break-even live

Break-even rent $1,222

Max offer price $100,000

Occupancy floor 86%

Sensitivity live

Price	-10% $179	-5% $151	+0% $122	+5% $94	+10% $66
Rent	-10% $14	-5% $68	+0% $122	+5% $177	+10% $231
Rate	-1.0pp $173	-0.5pp $148	base $122	+0.5pp $97	+1.0pp $70

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 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
37819 Alissa Dr Zephyrhills, FL	2.0	2.0	864	$1,450	$1.68	19d	1	0.06mi
4639 Coral St Zephyrhills, FL	2.0	2.0	1056	$1,250	$1.18	25d	1	0.14mi
37925 Date Palm Dr Zephyrhills, FL	3.0	1.5	720	$1,300	$1.81	25d	1	0.17mi
4812 Coral St Zephyrhills, FL	1.0	1.0	856	$1,200	$1.40	21d	1	0.28mi
4833 Royal Palm Dr Zephyrhills, FL	2.0	1.0	672	$1,090	$1.62	25d	1	0.33mi
4412 Plum St Zephyrhills, FL	1.0	1.0	624	$1,100	$1.76	25d	1	0.58mi
4410 Plum St Zephyrhills, FL	1.0	1.0	624	$1,100	$1.76	25d	1	0.58mi
38236 Fir Ave Zephyrhills, FL	2.0	1.0	950	$1,350	$1.42	25d	1	0.59mi
37902 7th Ave Zephyrhills, FL	3.0	1.0	900	$1,775	$1.97	25d	1	0.61mi
4940 4th St Zephyrhills, FL	2.0	2.0	900	$1,350	$1.50	25d	1	0.68mi
5237 1st St Zephyrhills, FL	3.0	1.0	964	$1,700	$1.76	25d	1	0.72mi
5022 5th St Zephyrhills, FL	2.0	1.5	974	$1,595	$1.64	25d	1	0.76mi
38031 Meyer Ave Zephyrhills, FL	3.0	2.0	1000	$1,175	$1.18	25d	1	0.83mi
5150 6th St Zephyrhills, FL	1.0	1.0	600	$925	$1.54	25d	1	0.85mi
5208 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	6d	1	0.96mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$1,100	$2.00	18d	1	0.96mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	6d	1	0.96mi
5206 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	6d	1	0.96mi
5441 6th St Zephyrhills, FL	2.0	1.0	1014	$1,650	$1.63	25d	1	1.00mi
5168 Crooked Ln Zephyrhills, FL	2.0	1.0	600	$1,645	$2.74	23d	1	1.01mi
38702 South Ave Zephyrhills, FL	2.0	1.0	800	$1,600	$2.00	25d	1	1.02mi
5611 1st St Zephyrhills, FL	1.0	1.0	600	$1,095	$1.82	18d	1	1.04mi
5521 Barbara St Zephyrhills, FL	2.0	2.0	1056	$1,800	$1.70	25d	1	1.07mi
5028 16th St Zephyrhills, FL	2.0	2.0	1092	$1,545	$1.41	0d	1	1.11mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	25d	1	1.18mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	25d	1	1.19mi
5217 17th St Zephyrhills, FL	1.0	1.0	540	$1,050	$1.94	25d	1	1.23mi
4845 20th St Zephyrhills, FL	2.0	1.0	752	$1,350	$1.80	25d	1	1.27mi
4738 20th St Zephyrhills, FL	2.0	1.0	810	$1,400	$1.73	25d	1	1.27mi
4808 20th St Zephyrhills, FL	2.0	1.0	702	$1,295	$1.84	11d	1	1.28mi
39014 South Ave Zephyrhills, FL	2.0	1.0	840	$1,395	$1.66	0d	1	1.33mi
39014 South Ave Zephyrhills, FL	2.0	1.0	840	$1,395	$1.66	6d	1	1.33mi
36801 Camelia Ct Zephyrhills, FL	2.0	2.0	864	$1,350	$1.56	25d	1	1.40mi

HOA detail condo

• Monthly dues: $368 · $4,416/yr
• Likely covers: waterpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 9 events

1. 2026-06-18
   days on market $100,000 Active 14 DOM
2. 2026-06-17
   days on market $100,000 Active 13 DOM
3. 2026-06-16
   days on market $100,000 Active 12 DOM
4. 2026-06-15
   days on market $100,000 Active 11 DOM
5. 2026-06-13
   days on market $100,000 Active 9 DOM
6. 2026-06-09
   days on market $100,000 Active 5 DOM
7. 2026-06-08
   days on market $100,000 Active 4 DOM
8. 2026-06-07
   remarks 544-char remark
9. 2026-06-07
   listed $100,000 Active 3 DOM

ⓘ 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: $375 · $31/mo
• Projected year-2 tax: $830 · $69/mo
• Expected delta: +$455/yr (+$38/mo · 121.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,523
• − Mortgage interest: −$5,602
• − Property taxes: −$375
• − Insurance: −$500
• − Repairs & maintenance: −$1,322
• − Management: −$1,322
• − HOA: −$4,416
• − Depreciation: −$2,909
• Taxable income: $78
• Est. tax owed @ 24.0%: −$19
• After-tax cash flow: $1,451/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 — Zephyrhills

• Score: 72/100
• State rank: #330
• US rank: #5760

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zephyrhills, FL
• County: Pasco County · 524,098 people
• City population: 48,266
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 23,612
• Household income: $49,316
• Rent vs Own: 27.5% rent · 72.5% own
• Severe rent burden: 831.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 17% Two or more races 8% Black 4% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 10%
• Common ancestry: Lithuanian 3% Romanian 2% Iranian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 12% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -81.25%
• Current HPI: 313.3993
• Rent YoY: ▼ -3.56%
• 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

+42.9% since first listed

2 events — show timeline

• 2026-06-04 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2006-05-08 Sold (Public Records) $70,000 Public Records

Property tax history

+2.6%/yr

Latest (2025): $375 · +9.1% YoY. Source: county tax records.