37427 Hammond Dr · Zephyrhills West, FL 33541

$47,500

2 bd · 1.0 ba · 564 sqft · Manufactured public records · 100 Days on market

Built 1965 4,200 sqft lot Est $80k · 40% under $40/mo HOA · 3% of rent

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable Opportunity in Zephyrhills!Perfect Winter Retreat or Winter Project. Located on the west side of Zephyrhills, this 2-bedroom, 1-bath singlewide mobile home offers a great opportunity for someone looking for an affordable place to make their own. Situated in a quiet senior community with a low HOA fee, this property is ideal as a winter getaway or a renovation project for the right buyer. Inside, the home features an open floor plan that creates a comfortable living and dining space. An attached Florida room provides additional living area, perfect for relaxing or entertaining guests. The washer and dryer are conveniently located in the outdoor storage shed, offering extra s

Key facts

• Open floor plan
• Florida room
• Outdoor storage shed

Tags

• FLORIDA ROOM
• OPEN FLOOR PLAN
• OUTDOOR STORAGE SHED

Property features AI

Finance

• Other: Property zoned RMH; Lot approx. 0.1 acre (0 to less than 1/4 acre); Paved road surface; Furnished; Living area reported as 564 sq ft (building area total 1,075 sq ft); Universal property ID available
• Financial info: Total monthly fees reported $40.67; Total annual fees reported $488
• HOA & community: Has HOA (buyer approval required); Community clubhouse available; Monthly HOA approximately $18.33 (annual association fee $220); Senior community; Pets not allowed

Exterior

• Parking: Covered parking; Driveway; 1-car carport
• Utilities: Private water; Septic tank; Cable available; Electricity connected; Water connected
• Home design: Single-wide mobile home; Residential mobile home; Attached property; One story; Faces southeast; Entry level: One
• Construction: Metal frame construction; Other roof type; Crawlspace foundation; Completed condition
• Exterior features: Enclosed porch/patio; On-site storage; Paved road access; Located in county

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: No heating system; No cooling system
• Interior features: Eat-in kitchen; Open floorplan; Enclosed patio/porch (Florida room); Storage
• Laundry & utility: Laundry located outside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $48k.

Deal economics

• At list price, monthly cash flow is $674 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Recommended offer: $43k (9.0% below list) — sets the bar for market timing.
• Cap rate 23.3% vs local median 7.8% in Zephyrhills West — 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 61/100 on livability (#772 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment 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: Chester W. Taylor Jr. Elementary School (math 33% / reading 37%, grade F, #1,697 of 2,144 statewide, top 80%, 654 students, 77% FRL); Raymond B. Stewart Middle School (math 33% / reading 30%, grade F, #453 of 571 statewide, top 81%, 988 students, 77% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 75% FRL vs 48% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 34% at this address vs 51% district-wide (-17 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.5%/yr); 862 active listings in the ZIP; 17 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $328 of loan paydown is wiped out by about $1k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $22k; list at $48k implies a 116% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $43,225 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 2.82% ✓
• Cap rate: 23.32%
• Cash-on-cash: 60.80%
• DSCR: 3.71
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $79,524
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
37353 Ray Dr	0.07mi	1/1.0 (-1)	480 (-15%)	6mo	$38,000	$79	62
5251 Flint St	0.46mi	2/1.0	600 (+6%)	8mo	$125,000	$208	61
37020 Lois Ave	0.50mi	2/1.0	624 (+11%)	2mo	$73,000	$117	57
4632 Coral St	0.53mi	1/1.0 (-1)	588 (+4%)	9mo	$82,650	$141	55

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: 56.0%
• Equity multiple: 3.36×
• Total profit: $31,353
• Equity at exit: $7,082

10-year hold

• IRR: 59.8%
• Equity multiple: 6.08×
• Total profit: $67,625
• Equity at exit: $4,107

Cash invested: $13,300 (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: 862
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,339 high
• Mortgage (P&I): −$249
• Tax from tax record: −$75 /mo · $899/yr
• Insurance: −$20
• HOA: −$40
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $674

Break-even live

Break-even rent $486

Max offer price $47,500

Occupancy floor 45%

Sensitivity live

Price	-10% $701	-5% $687	+0% $674	+5% $660	+10% $647
Rent	-10% $568	-5% $621	+0% $674	+5% $727	+10% $780
Rate	-1.0pp $698	-0.5pp $686	base $674	+0.5pp $662	+1.0pp $649

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: $11,875
• Closing costs: $1,425
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4833 Royal Palm Dr Zephyrhills, FL	2.0	1.0	672	$1,090	$1.62	25d	1	0.48mi
5168 Crooked Ln Zephyrhills, FL	2.0	1.0	600	$1,645	$2.74	23d	1	0.57mi
37925 Date Palm Dr Zephyrhills, FL	3.0	1.5	720	$1,300	$1.81	25d	1	0.60mi
38044 6th Ave Unit 38044 Zephyrhills, FL	1.0	1.0	494	$950	$1.92	25d	1	0.66mi
5611 1st St Zephyrhills, FL	1.0	1.0	600	$1,095	$1.82	18d	1	0.84mi
5150 6th St Zephyrhills, FL	1.0	1.0	600	$925	$1.54	25d	1	0.94mi
38010 14th Ave Apt 3 Zephyrhills, FL	1.0	1.0	537	$1,195	$2.23	25d	1	0.99mi
4412 Plum St Zephyrhills, FL	1.0	1.0	624	$1,100	$1.76	25d	1	1.00mi
4410 Plum St Zephyrhills, FL	1.0	1.0	624	$1,100	$1.76	25d	1	1.00mi
5208 7th St Zephyrhills, FL	1.0	1.0	550	$1,100	$2.00	0d	1	1.06mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$950	$1.73	6d	1	1.06mi
5214 7th St Zephyrhills, FL	1.0	1.0	550	$1,100	$2.00	18d	1	1.06mi
5206 7th St Zephyrhills, FL	1.0	1.0	550	$1,100	$2.00	0d	1	1.07mi
5426 8th St #1 Zephyrhills, FL	1.0	1.0	432	$1,150	$2.66	25d	1	1.11mi
4352 6th St Zephyrhills, FL	1.0	1.0	494	$1,100	$2.23	25d	1	1.13mi
5217 17th St Zephyrhills, FL	1.0	1.0	540	$1,050	$1.94	25d	1	1.39mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	0d	141	1.39mi

HOA detail

• Monthly dues: $40 · $480/yr

Listing history 17 events

1. 2026-06-18
   days on market $47,500 Active 100 DOM
2. 2026-06-17
   days on market $47,500 Active 99 DOM
3. 2026-06-16
   days on market $47,500 Active 98 DOM
4. 2026-06-15
   days on market $47,500 Active 97 DOM
5. 2026-06-13
   days on market $47,500 Active 95 DOM
6. 2026-06-09
   days on market $47,500 Active 91 DOM
7. 2026-06-08
   days on market $47,500 Active 90 DOM
8. 2026-06-07
   days on market $47,500 Active 89 DOM
9. 2026-06-04
   days on market $47,500 Active 86 DOM
10. 2026-06-03
    days on market $47,500 Active 85 DOM
11. 2026-06-02
    days on market $47,500 Active 84 DOM
12. 2026-06-01
    days on market $47,500 Active 83 DOM
13. 2026-05-31
    days on market $47,500 Active 82 DOM
14. 2026-04-23
    price $47,500
15. 2026-03-10
    listed $49,900 Active
16. 1999-03-23
    soldstatus $22,000
17. 1995-03-10
    soldstatus $20,000

ⓘ 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: $899 · $75/mo
• Projected year-2 tax: $899 · $75/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 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: $16,067
• − Mortgage interest: −$2,661
• − Property taxes: −$899
• − Insurance: −$238
• − Repairs & maintenance: −$1,285
• − Management: −$1,285
• − HOA: −$480
• − Depreciation: −$1,382
• Taxable income: $7,836
• Est. tax owed @ 24.0%: −$1,881
• After-tax cash flow: $6,206/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 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

• Census place: Zephyrhills West, 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

+137.5% since first listed

4 events — show timeline

• 2026-04-23 Price Changed $47,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 1999-03-23 Sold (Public Records) $22,000 Public Records
• 1995-03-10 Sold (Public Records) $20,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $899 · +6.0% YoY. Source: county tax records.