7436 Vagabond Dr · Port Richey, FL 34652

$44,900

1 bd · 1.0 ba · 420 sqft · Manufactured public records · 136 Days on market

Built 1960 3,960 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Price Improvement! Investor Special! Opportunity awaits at 7436 Vagabond Dr in New Port Richey. This 1 bedroom, 1 bathroom mobile home is in need of significant restoration and is best suited for experienced investors or buyers seeking a project with redevelopment potential. Important: Due to FEMA and Pasco County regulations, renovation costs are limited to approximately $7,000. Given this restriction, the property is best viewed as a land-value opportunity unless improvements can be completed within the allowable limit. Buyers are encouraged to verify all requirements and restrictions. Situated in a convenient New Port Richey location, the property offers easy access to US-19, shopping, d

Key facts

• Gulf coast beaches
• Easy access to us-19
• 3,960 sq ft lot

Tags

• NEW PORT RICHEY LOCATION
• EASY ACCESS TO US-19
• GULF COAST BEACHES

Property features AI

Finance

• Other: Lot size approximately 0.09 acres (about 0 to less than 1/4 acre)
• Financial info: Unfurnished; Tax information available separately
• HOA & community: No HOA/association indicated

Exterior

• Parking: Has carport (1 space)
• Security: No security features listed
• Utilities: Public water; Public sewer; Electricity available
• Home design: Residential mobile home (single wide); One story; Faces west; Entry level: One
• Construction: Metal siding; Metal roof; Pillar/post/pier foundation; Building area listed as 992 total (public records)
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: No appliances listed
• Bedrooms: 1 bedroom
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Wall/window cooling units
• Interior features: No notable interior features listed
• Laundry & utility: Laundry features: Other

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $45k.

Deal economics

• At list price, monthly cash flow is $232 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.9% vs local median 0.9% in Port Richey — 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 (#368 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D+, employment D, 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 flat; 644 active listings in the ZIP; 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 $310 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 + 0.7% rent growth), your $13k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $39,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 2.66% ✓
• Cap rate: 23.89%
• Cash-on-cash: 62.85%
• DSCR: 3.80
• GRM: 3.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.72% rent growth · sell at horizon

5-year hold

• IRR: 10.7%
• Equity multiple: 1.40×
• Total profit: $5,079
• Equity at exit: $6,695

10-year hold

• IRR: 16.4%
• Equity multiple: 2.11×
• Total profit: $14,010
• Equity at exit: $3,882

Cash invested: $12,572 (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 34652

• Home prices YoY: -26.1%
• Rents YoY: 0.7%
• Active inventory: 644
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,195 medium
• Mortgage (P&I): −$235
• Tax from tax record: −$31 /mo · $376/yr
• Insurance: −$19
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $232

Break-even live

Break-even rent $901

Max offer price $44,900

Occupancy floor 76%

Sensitivity live

Price	-10% $257	-5% $245	+0% $232	+5% $219	+10% $206
Rent	-10% $138	-5% $185	+0% $232	+5% $279	+10% $326
Rate	-1.0pp $255	-0.5pp $243	base $232	+0.5pp $220	+1.0pp $208

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $44,900 Active 136 DOM
2. 2026-06-17
   days on market $44,900 Active 135 DOM
3. 2026-06-16
   days on market $44,900 Active 134 DOM
4. 2026-06-15
   days on market $44,900 Active 133 DOM
5. 2026-06-13
   days on market $44,900 Active 131 DOM
6. 2026-06-09
   days on market $44,900 Active 127 DOM
7. 2026-06-08
   pricedays on market $44,900 Active 126 DOM
8. 2026-06-07
   days on market $49,900 Active 125 DOM
9. 2026-06-04
   days on market $49,900 Active 122 DOM
10. 2026-06-03
    days on market $49,900 Active 121 DOM
11. 2026-06-02
    days on market $49,900 Active 120 DOM
12. 2026-06-01
    days on market $49,900 Active 119 DOM
13. 2026-05-31
    days on market $49,900 Active 118 DOM
14. 2026-05-07
    price $49,900
15. 2026-04-12
    price $54,900
16. 2026-02-02
    listed $60,000 Active
17. 2023-05-16
    soldstatus $75,000
18. 2020-05-20
    soldstatus $20,000
19. 2016-09-26
    soldstatus $12,500

ⓘ 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: $376 · $31/mo
• Projected year-2 tax: $376 · $31/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,339
• − Mortgage interest: −$2,515
• − Property taxes: −$376
• − Insurance: −$5,343
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$1,306
• Taxable income: $2,504
• Est. tax owed @ 24.0%: −$601
• After-tax cash flow: $2,182/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 — Port Richey

• Score: 72/100
• State rank: #368
• US rank: #6481

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pasco County · 524,098 people
• City population: 49,442
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,444
• Household income: $56,931
• Rent vs Own: 36.4% rent · 63.6% own
• Severe rent burden: 1190.0

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 (78%)
• Race & ethnicity: White 78% Hispanic / Latino 13% Two or more races 9% Black 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4% Cuban 4%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 9% · Canada
• Languages at home: 87% English-only · Spanish 9% 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: ▼ -109.49%
• Current HPI: 310.8347
• Rent YoY: ▲ 0.72%
• 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

+299.2% since first listed

6 events — show timeline

• 2026-05-07 Price Changed $49,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-12 Price Changed $54,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Listed $60,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-16 Sold (Public Records) $75,000 Public Records
• 2020-05-20 Sold (Public Records) $20,000 Public Records
• 2016-09-26 Sold (Public Records) $12,500 Public Records

Property tax history

-0.8%/yr

Latest (2025): $376 · +8.8% YoY. Source: county tax records.