7323 Grand Pine Dr · Bayonet Point, FL 34667

$159,900

3 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 14 Days on market

Built 1979 4,200 sqft lot Est $143k · 12% over $20/mo HOA · 1% 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 +23.7/30.0
• DSCR +7.6/10.0
• 1% rule +6.3/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• ARV discount +2.0/15.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Huge price reduction!! Lovely 2 bedroom 2 full bath located in popular 55+ community of Ponderosa Park! NO lot rent! You OWN your land! Age of home still allows buyer to obtain financing if needed. NO flood insurance required! LOW HOA dues of $250.00 per year include an active clubhouse and heated pool. Turn-key ready!! Open floorplan with over 1380 total sq ft of living space. Large bedrooms, both with walk-in closets. True master suite! This light and bright home has many updates. NEW luxury vinyl and carpet thru-out. NEW electrical outlets, ceiling fans, lighting fixtures and blinds. Kitchen comes with a NEW stainless-steel appliance package, including dish washer and hanging microwave. Also, NEW countertop and back splash. AC-2019! Exterior of home has vinyl siding for easy maintenance! Extended carport! Oversized driveway for ample parking! Two separate large sheds with electrical and water, great for hobbies, workshop, extra storage, etc. Start enjoying that easy Florida lifestyle you have always dreamed about. Just minutes from the Gulf of Mexico, great shopping, restaurants, medical facilities and so much more! * Also available for rent. Call for details *

Key facts

• Community clubhouse
• New lvp flooring
• New fridge

Tags

• PONDEROSA PARK COMMUNITY
• COMMUNITY CLUBHOUSE
• SPARKLING HEATED POOL
• NEW LVP FLOORING
• NEW FRIDGE
• SELF-CLEANING STOVE

Property features AI

Finance

• Other: Total acreage: less than 1/4 acre
• Financial info: Lease restrictions apply
• HOA & community: Has HOA (annual fee $250; monthly equivalent $20.83); Association amenities include clubhouse, pool, recreation facilities; Buyer approval required; Senior community; Pets allowed

Exterior

• Parking: Carport (1 space)
• Security: Hurricane shutters
• Utilities: Public water; Public sewer; Electricity connected/available; Water connected/available; Sewer connected/available; Cable connected/available
• Home design: Manufactured double-wide home; Single-story; Faces south
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built as a double wide
• Exterior features: Covered, enclosed, screened front porch; Gray water system; Hurricane shutters; Private mailbox; Storage; Shed(s); Workshop; Chain link fencing; Level lot; Paved, publicly maintained road

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Window treatments; Blinds
• Laundry & utility: Outdoor laundry area

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Cap rate 8.6% vs local median 5.3% in Bayonet Point — 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 69/100 on livability (#485 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, amenities D+, schools 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 soft (-2.3%/yr); 799 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 42% of the median local income ($51k/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 $5k 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.
• 10 sale attempts since 22y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,900

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.13% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.17%
• DSCR: 1.36
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $142,560
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12119 Bonanza Dr	0.14mi	2/2.0 (-1)	1,056 (0%)	1mo	$120,000	$114	88
12343 Lariat Way	0.10mi	3/2.0	1,068 (+1%)	13mo	$165,000	$154	82
12210 Bonanza Dr	0.08mi	2/2.0 (-1)	1,056 (0%)	12mo	$178,500	$169	81
12201 Bonanza Dr	0.11mi	2/2.0 (-1)	1,056 (0%)	11mo	$142,500	$135	81
7310 Stillwater Dr	0.06mi	2/2.0 (-1)	1,144 (+8%)	5mo	$90,000	$79	74
7309 Blue Lake Dr	0.13mi	2/2.0 (-1)	960 (-9%)	4mo	$115,000	$120	70
12110 Bonanza Dr	0.18mi	2/2.0 (-1)	962 (-9%)	2mo	$90,000	$94	70
7412 Grand Pine Dr	0.07mi	2/2.0 (-1)	960 (-9%)	12mo	$145,000	$151	67
7303 Blue Lake Dr	0.15mi	2/2.0 (-1)	960 (-9%)	13mo	$165,000	$172	62
7308 Osage Dr	0.09mi	2/2.0 (-1)	1,188 (+12%)	13mo	$175,000	$147	59
7318 Allyson St	0.55mi	2/2.0 (-1)	1,080 (+2%)	11mo	$145,000	$134	56

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: -10.1%
• Equity multiple: 0.64×
• Total profit: $-15,963
• Equity at exit: $23,842

10-year hold

• IRR: -5.9%
• Equity multiple: 0.68×
• Total profit: $-14,535
• Equity at exit: $13,825

Cash invested: $44,772 (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 34667

• Rents YoY: -2.3%
• Active inventory: 799
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,810 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$20
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $238

Break-even live

Break-even rent $1,508

Max offer price $159,900

Occupancy floor 82%

Sensitivity live

Price	-10% $349	-5% $293	+0% $238	+5% $183	+10% $128
Rent	-10% $95	-5% $167	+0% $238	+5% $310	+10% $381
Rate	-1.0pp $319	-0.5pp $279	base $238	+0.5pp $197	+1.0pp $155

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7616 Danube Dr Hudson, FL	2.0	2.0	1125	$1,350	$1.20	25d	1	0.30mi
7433 Greystone Dr #7433 Hudson, FL	2.0	2.0	1029	$1,300	$1.26	18d	1	0.32mi
7602 Danube Dr Unit 7602 Hudson, FL	2.0	2.0	1125	$1,600	$1.42	25d	1	0.34mi
12702 Social Dr Hudson, FL	2.0	1.0	1032	$1,500	$1.45	6d	1	0.40mi
12041 Hoosier Ct #204 Hudson, FL	2.0	2.0	1103	$1,495	$1.36	18d	1	0.42mi
12041 Hoosier Ct #204 Hudson, FL	2.0	2.0	1103	$1,495	$1.36	25d	1	0.42mi
12027 Hoosier Ct #203 Hudson, FL	2.0	2.0	1103	$1,550	$1.41	25d	1	0.43mi
12809 College Hill Dr Hudson, FL	3.0	2.0	1114	$1,780	$1.60	6d	1	0.54mi
7300 Country Club Dr Hudson, FL	2.0	1.0	926	$1,400	$1.51	3d	1	0.57mi
11902 Oceanside Dr Port Richey, FL	4.0	2.0	1200	$1,800	$1.50	3d	1	0.59mi
7539 Gulf Highlands Dr Port Richey, FL	2.0	1.5	936	$1,550	$1.66	6d	1	0.72mi
7924 Halsey Dr Port Richey, FL	3.0	2.0	1272	$1,800	$1.42	6d	1	0.79mi
7924 Halsey Dr Port Richey, FL	3.0	2.0	1272	$1,800	$1.42	22d	1	0.79mi
7608 Sue Ellen Dr Port Richey, FL	3.0	2.0	1310	$2,400	$1.83	25d	1	0.81mi
12535 3rd Isle Hudson, FL	2.0	2.0	1389	$2,600	$1.87	25d	1	0.83mi
7715 Sue Ellen Dr Port Richey, FL	2.0	2.0	1080	$1,495	$1.38	4d	1	0.83mi
11610 Meadow Dr Port Richey, FL	2.0	2.0	1128	$1,570	$1.39	13d	1	0.87mi
12200 Hudson Ridge Dr Port Richey, FL	2.0–3.0	2.0	1107	$1,704	$1.54	3d	10	0.87mi
11611 Constance Dr Port Richey, FL	3.0	1.0	984	$1,540	$1.57	12d	1	0.88mi
11611 Constance Dr Port Richey, FL	3.0	1.0	984	$1,540	$1.57	25d	1	0.88mi
7530 Judith Cres Port Richey, FL	2.0	2.0	1446	$2,200	$1.52	25d	1	0.88mi
7530 Judith Cres Port Richey, FL	2.0	2.0	1446	$1,695	$1.17	21d	1	0.88mi
11630 Paige Dr Port Richey, FL	3.0	1.0	1152	$1,680	$1.46	13d	1	0.89mi
7804 Topay Ln Port Richey, FL	3.0	2.0	1125	$1,795	$1.60	0d	1	0.92mi
7520 Hawthorn Dr Unit NA Port Richey, FL	2.0	2.0	1303	$1,900	$1.46	25d	1	0.96mi
7520 Hawthorn Dr Port Richey, FL	2.0	2.0	1303	$1,800	$1.38	25d	1	0.96mi
8304 Mill Creek Ln Hudson, FL	2.0	2.0	1000	$1,650	$1.65	25d	1	0.96mi
7531 Greybirch Ter Port Richey, FL	3.0	2.0	1400	$2,000	$1.43	25d	1	0.98mi
8312 Mill Creek Ln Hudson, FL	2.0	2.0	1152	$1,600	$1.39	0d	1	1.01mi
8312 Mill Creek Ln Hudson, FL	2.0	2.0	1152	$1,600	$1.39	25d	1	1.01mi
11241 Yewtree Ave Port Richey, FL	3.0	2.0	1306	$1,950	$1.49	25d	1	1.09mi
7213 Seward Dr Port Richey, FL	2.0	1.0	700	$1,500	$2.14	25d	1	1.15mi
7540 Venice Dr Port Richey, FL	3.0	2.0	1394	$1,775	$1.27	6d	1	1.16mi
8305 Sandwedge Cir Unit A Hudson, FL	2.0	2.0	1144	$1,450	$1.27	22d	1	1.17mi
6731 Sandra Dr Port Richey, FL	2.0	1.0	816	$1,575	$1.93	25d	1	1.18mi
13128 Beacon Ct Hudson, FL	2.0	2.0	1070	$1,600	$1.50	25d	1	1.18mi
11103 Harding Dr Unit 2 Port Richey, FL	2.0	1.0	760	$1,450	$1.91	21d	1	1.22mi
7724 Tyson Dr Port Richey, FL	2.0	2.0	1200	$1,550	$1.29	0d	1	1.24mi
7705 Ilex Dr Port Richey, FL	3.0	2.0	1349	$2,000	$1.48	25d	1	1.24mi
8161 Braddock Cir #1 Port Richey, FL	2.0	2.0	1000	$1,595	$1.59	18d	1	1.25mi

HOA detail

• Monthly dues: $20 · $240/yr
• Likely covers: waterelectricpool

Listing history 9 events

1. 2026-06-18
   days on market $159,900 Active 14 DOM
2. 2026-06-17
   days on market $159,900 Active 13 DOM
3. 2026-06-16
   days on market $159,900 Active 12 DOM
4. 2026-06-15
   days on market $159,900 Active 11 DOM
5. 2026-06-13
   days on market $159,900 Active 9 DOM
6. 2026-06-09
   days on market $159,900 Active 5 DOM
7. 2026-06-08
   days on market $159,900 Active 4 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   listed $159,900 Active 3 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 7/10 Severe FEMA zone X (shaded) · 75% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥114°F today · 23 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: $21,717
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$1,597
• − Repairs & maintenance: −$1,737
• − Management: −$1,737
• − HOA: −$240
• − Depreciation: −$4,652
• Taxable income: $398
• Est. tax owed @ 24.0%: −$96
• After-tax cash flow: $2,763/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 — Bayonet Point

• Score: 69/100
• State rank: #485
• US rank: #8934

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bayonet Point, FL
• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 30,689
• Household income: $51,280
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 946.0

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 (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 6% Black 2% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 7% · Canada, Jamaica, Vietnam
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 2% French/Haitian/Cajun 0%

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: ▼ -183.96%
• Current HPI: 307.5552
• Rent YoY: ▼ -2.26%
• 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

+107.9% since first listed

33 events — show timeline

• 2026-06-04 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2024-07-25 Sold (Public Records) $156,700 Public Records
• 2024-07-19 Sold (MLS) $154,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-12 Rental Removed $1,595 STELLARMLS
• 2024-06-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-28 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-22 Price Changed $149,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-12 Listed for Rent $1,595 STELLARMLS
• 2024-05-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-05-09 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2024-04-27 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2024-03-22 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2024-03-08 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2024-02-26 Price Changed $174,900 Stellar MLS as Distributed by MLS Grid
• 2024-02-17 Price Changed $184,900 Stellar MLS as Distributed by MLS Grid
• 2024-02-15 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-05 Sold (Public Records) $98,192 Public Records
• 2021-12-30 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2021-12-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-12-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-11-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-10-26 Listed $94,900 Stellar MLS as Distributed by MLS Grid
• 2018-11-15 Sold (Public Records) $80,900 Public Records
• 2018-11-09 Sold (MLS) $80,900 Stellar MLS as Distributed by MLS Grid
• 2018-10-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-06-11 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2005-03-22 Sold (Public Records) $72,000 Public Records
• 2005-01-20 Sold (MLS) $72,000 Stellar MLS as Distributed by MLS Grid
• 2004-09-09 Listed $76,900 Stellar MLS as Distributed by MLS Grid

Property tax history

-7.7%/yr

Latest (2025): $244 · -86.8% YoY. Source: county tax records.