38725 Vulcan Cir · Zephyrhills, FL 33542

$149,900

2 bd · 2.0 ba · 1,104 sqft · Manufactured public records · 6 Days on market

Built 1982 4,080 sqft lot Est $139k · 8% over

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Why this score? — see what drove the D+ 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 +20.5/30.0
• DSCR +6.5/10.0
• 1% rule +5.1/10.0
• Schools +4.3/10.0
• ARV discount +4.0/15.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

What a great house! Furnished 2 bedroom 2 bath with a huge Family Room. Spacious kitchen with upgraded kitchen cabinets and counter top. Family Room features wall to wall windows for a nice bright room for relaxing and entertaining. Located in a mobile home community but HOA fee is optional! This house even features a small fenced back yard, great for your little dog! This is a must see.

Key facts

• 4,080 sq ft lot
• Parking
• Built 1982

Property features AI

Finance

• Other: Unfurnished; No home warranty; No association approval required; No lease restrictions
• HOA & community: Clubhouse; Deed restrictions; Pets allowed (cats and dogs)

Exterior

• Parking: Covered parking; Driveway; 1-car carport
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured home (double wide); Attached property; One story; Faces southeast; Entry level: One
• Construction: Metal frame construction; Other roof type; Crawlspace foundation; Completed condition; Built as double wide
• Exterior features: Private mailbox; Storage; Chain link fence; Paved road access; Located inside city limits

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Walk-in closet(s); Family room; Florida room
• Laundry & utility: Laundry room; Outdoor laundry access

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $198 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 7.9% vs local median 3.7% 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: crime C-, 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.
• Zoned schools: Woodland Elementary School (math 30% / reading 31%, grade F, #1,862 of 2,144 statewide, top 88%, 802 students, 82% FRL); Zephyrhills High School (math 35% / reading 37%, grade F, #359 of 667 statewide, top 55%, 1,656 students, 70% FRL) — zoned schools average 76% FRL vs 48% district-wide (27 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 33% at this address vs 51% district-wide (-18 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-3.6%/yr); 294 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 37% 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 $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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 9y 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 $50k; list at $150k implies a 200% 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 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
3. 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.
4. 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.
5. 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: 1.01% ✓
• Cap rate: 7.88%
• Cash-on-cash: 5.67%
• DSCR: 1.25
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $139,104
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
38725 Vulcan Cir	0.00mi	2/2.0	1,104 (0%)	1mo	$145,000	$131	100
38723 Vulcan Cir	0.01mi	2/2.0	1,056 (-4%)	4mo	$140,000	$133	89
38742 Vulcan Cir	0.06mi	2/2.0	1,056 (-4%)	11mo	$130,000	$123	80
38700 Granger Ln	0.01mi	2/2.0	960 (-13%)	12mo	$150,000	$156	68
38847 Daughtery Rd	0.43mi	3/2.0 (+1)	1,064 (-4%)	2mo	$180,000	$169	67
38732 Vulcan Cir	0.05mi	2/2.0	966 (-12%)	12mo	$137,900	$143	67
6233 Ohio St	0.44mi	2/2.0	1,152 (+4%)	13mo	$120,000	$104	62
39020 Kirkland Dr	0.48mi	3/2.0 (+1)	1,183 (+7%)	3mo	$100,000	$85	58
39115 Ola Ave	0.45mi	2/2.0	960 (-13%)	1mo	$120,000	$125	57
7041 23rd St	0.68mi	3/2.0 (+1)	1,152 (+4%)	7mo	$145,000	$126	50
6246 Midland St	0.46mi	3/2.0 (+1)	960 (-13%)	4mo	$101,000	$105	48
6252 Friendship Ln	0.69mi	3/2.0 (+1)	1,248 (+13%)	4mo	$120,000	$96	38

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: -10.9%
• Equity multiple: 0.62×
• Total profit: $-16,103
• Equity at exit: $22,351

10-year hold

• IRR: -6.4%
• Equity multiple: 0.64×
• Total profit: $-14,931
• Equity at exit: $12,961

Cash invested: $41,972 (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: 294
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,516 high
• Mortgage (P&I): −$786
• Tax from tax record: −$151 /mo · $1,813/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $198

Break-even live

Break-even rent $1,265

Max offer price $149,900

Occupancy floor 82%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6788 Basswood Cir Zephyrhills, FL	2.0	2.0	1067	$1,250	$1.17	24d	1	0.23mi
38485 County Road 54 Zephyrhills, FL	2.0	1.0	800	$1,100	$1.38	24d	1	0.25mi
38748 Calumet Ave Zephyrhills, FL	2.0	1.0	750	$1,100	$1.47	5d	1	0.31mi
38350 Ironwood Pl #5 Zephyrhills, FL	2.0	2.0	1094	$1,800	$1.65	24d	1	0.35mi
39132 County Rd Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	24d	1	0.49mi
39132 County Road 54 #2184 Zephyrhills, FL	2.0	2.0	864	$1,500	$1.74	24d	1	0.50mi
38300 Henry Dr Zephyrhills, FL	2.0	1.0	1152	$1,650	$1.43	5d	1	0.56mi
38647 Rose Ln Zephyrhills, FL	2.0	1.0	814	$1,350	$1.66	24d	1	0.59mi
38939 North Ave Unit 2 Zephyrhills, FL	2.0	1.0	870	$1,300	$1.49	18d	1	0.69mi
38719 12th Ave Zephyrhills, FL	2.0	1.5	1246	$1,400	$1.12	24d	1	0.70mi
6136 Pina Colada St Zephyrhills, FL	3.0	2.5	1386	$2,100	$1.52	13d	1	0.74mi
6195 Daerr Ridge St Zephyrhills, FL	3.0	2.5	1386	$2,000	$1.44	18d	1	0.80mi
5812 17th St Zephyrhills, FL	3.0	2.0	1320	$2,100	$1.59	24d	1	0.83mi
38112 Townview Ave Zephyrhills, FL	1.0	1.0	700	$1,100	$1.57	24d	1	0.85mi
37814 Daughtery Rd Zephyrhills, FL	2.0	1.0	1070	$1,395	$1.30	5d	1	0.92mi
5652 18th St Zephyrhills, FL	2.0	1.0	976	$1,200	$1.23	24d	1	0.97mi
37732 Cecil Ln Zephyrhills, FL	3.0	1.0	1040	$1,800	$1.73	24d	1	0.99mi
38942 9th Ave Zephyrhills, FL	2.0	1.0	850	$1,425	$1.68	24d	1	0.99mi
5647 20th St Zephyrhills, FL	2.0	1.0	850	$1,425	$1.68	24d	1	1.01mi
37661 Aaralyn Rd Zephyrhills, FL	3.0	2.5	1363	$1,800	$1.32	24d	1	1.07mi
6246 Timberly Ln Zephyrhills, FL	3.0	2.5	1363	$1,900	$1.39	24d	1	1.08mi
5542 20th St Unit 1234473P Zephyrhills, FL	2.0	2.0	839	$3,199	$3.81	3d	1	1.13mi
5532 20th St Unit 1234470P Zephyrhills, FL	2.0	2.0	839	$7,185	$8.56	2d	1	1.14mi
6262 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,700	$1.25	24d	1	1.16mi
6335 Maisie Rd Zephyrhills, FL	3.0	2.5	1363	$1,650	$1.21	20d	1	1.17mi
7660 Emerson Hill Cir Zephyrhills, FL	1.0–3.0	1.0–2.0	1077	$1,964	$1.82	2d	34	1.18mi
37812 15th Ave Zephyrhills, FL	2.0	2.0	1000	$1,850	$1.85	24d	1	1.23mi
5441 6th St Zephyrhills, FL	2.0	1.0	1014	$1,650	$1.63	24d	1	1.26mi
5532 Jennie St Zephyrhills, FL	2.0	2.0	862	$1,100	$1.28	13d	1	1.27mi
5600 Jennie St Zephyrhills, FL	2.0	2.0	730	$1,100	$1.51	24d	1	1.28mi
6302 Abbott Station Dr Zephyrhills, FL	3.0	1.0–2.5	855	$1,732	$2.02	2d	142	1.44mi
6633 Foxmoor Dr Zephyrhills, FL	3.0	2.0	1300	$2,000	$1.54	24d	1	1.47mi
39252 Heights Ave Zephyrhills, FL	3.0	2.0	1210	$2,050	$1.69	15d	1	1.48mi

Listing history 12 events

1. 2026-05-05
   status Pending
2. 2026-04-29
   listed $149,900 Active
3. 2025-01-14
   historical
4. 2025-01-08
   price $164,900
5. 2024-10-22
   listed $169,900 Active
6. 2018-02-23
   soldstatus $50,000
7. 2018-02-21
   soldstatus $50,000 Sold 393-char remark

   Show marketing remark (393 chars)

   What a great house! Furnished 2 bedroom 2 bath with a huge Family Room. Spacious kitchen with upgraded kitchen cabinets and counter top. Family Room features wall to wall windows for a nice bright room for relaxing and entertaining. Located in a mobile home community but HOA fee is optional! This house even features a small fenced back yard, great for your little dog! This is a must see.

8. 2018-02-13
   status Pending 393-char remark

   Show marketing remark (393 chars)

   What a great house! Furnished 2 bedroom 2 bath with a huge Family Room. Spacious kitchen with upgraded kitchen cabinets and counter top. Family Room features wall to wall windows for a nice bright room for relaxing and entertaining. Located in a mobile home community but HOA fee is optional! This house even features a small fenced back yard, great for your little dog! This is a must see.

9. 2018-02-12
   status Active 393-char remark

   Show marketing remark (393 chars)

   What a great house! Furnished 2 bedroom 2 bath with a huge Family Room. Spacious kitchen with upgraded kitchen cabinets and counter top. Family Room features wall to wall windows for a nice bright room for relaxing and entertaining. Located in a mobile home community but HOA fee is optional! This house even features a small fenced back yard, great for your little dog! This is a must see.

10. 2018-02-08
    status Pending 393-char remark

    Show marketing remark (393 chars)

    What a great house! Furnished 2 bedroom 2 bath with a huge Family Room. Spacious kitchen with upgraded kitchen cabinets and counter top. Family Room features wall to wall windows for a nice bright room for relaxing and entertaining. Located in a mobile home community but HOA fee is optional! This house even features a small fenced back yard, great for your little dog! This is a must see.

11. 2018-02-01
    price $57,500 393-char remark

    Show marketing remark (393 chars)

    What a great house! Furnished 2 bedroom 2 bath with a huge Family Room. Spacious kitchen with upgraded kitchen cabinets and counter top. Family Room features wall to wall windows for a nice bright room for relaxing and entertaining. Located in a mobile home community but HOA fee is optional! This house even features a small fenced back yard, great for your little dog! This is a must see.

12. 2017-12-04
    listed $62,500 Active 393-char remark

    Show marketing remark (393 chars)

    What a great house! Furnished 2 bedroom 2 bath with a huge Family Room. Spacious kitchen with upgraded kitchen cabinets and counter top. Family Room features wall to wall windows for a nice bright room for relaxing and entertaining. Located in a mobile home community but HOA fee is optional! This house even features a small fenced back yard, great for your little dog! This is a must see.

ⓘ 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: $1,813 · $151/mo
• Projected year-2 tax: $1,813 · $151/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 6 d/yr ≥108°F today · 20 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: $18,197
• − Mortgage interest: −$8,397
• − Property taxes: −$1,813
• − Insurance: −$750
• − Repairs & maintenance: −$1,456
• − Management: −$1,456
• − Depreciation: −$4,361
• Taxable loss: −$35
• Est. tax savings @ 24.0%: +$8
• After-tax cash flow: $2,388/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
• 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

+139.8% since first listed

12 events — show timeline

• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-01-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-08 Price Changed $164,900 Stellar MLS as Distributed by MLS Grid
• 2024-10-22 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2018-02-23 Sold (Public Records) $50,000 Public Records
• 2018-02-21 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
• 2018-02-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-02-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2018-02-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-02-01 Price Changed $57,500 Stellar MLS as Distributed by MLS Grid
• 2017-12-04 Listed $62,500 Stellar MLS as Distributed by MLS Grid

Property tax history

+14.6%/yr

Latest (2025): $1,813 · +6.0% YoY. Source: county tax records.