1321 Honor Dr · Holiday, FL 34690

$175,000

2 bd · 1.0 ba · 816 sqft · SingleFamily public records · 69 Days on market

Built 1967 5,795 sqft lot Est $184k · 5% under

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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 +15.0/30.0
• ARV discount +9.8/15.0
• DSCR +4.6/10.0
• Schools +4.3/10.0
• 1% rule +3.8/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute 2 bedroom one bath home. Priced to sell, great starter, first time home buyer, retiree or winter retreat . Large fenced backyard with screen enclosed porch. Convenient to Pinellas County line, shopping, restaurants, beaches, parks and medical facilities.

Key facts

• Huge backyard
• Close to dining
• Close to shopping

Tags

• HUGE BACKYARD
• SCREEN ENCLOSED PORCH
• EASY ACCESS TO US HIGHWAY 19
• CLOSE TO SHOPPING
• CLOSE TO DINING
• CLOSE TO MEDICAL FACILITIES

Property features AI

Finance

• Other: Unfurnished; Zoned R4
• HOA & community: No HOA/association

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Septic sewer; Public utilities
• Home design: Single-family residence; Residential property; One story; Faces east; Entry level: One
• Construction: Block construction; Shingle roof; Slab foundation; Built on a 0.13-acre lot
• Exterior features: Sidewalks; Asphalt road access

Interior

• Kitchen: Microwave; Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $55 ($659/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (11.8% below list).
• Recommended offer: $154k (11.8% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.5% in Holiday — 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 66/100 on livability (#623 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: crime D+, 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: Sunray Elementary School (math 27% / reading 27%, grade F, #1,969 of 2,144 statewide, top 94%, 382 students, 92% FRL); Paul R. Smith Middle School (math 32% / reading 38%, grade F, #416 of 571 statewide, top 74%, 994 students, 82% FRL); Anclote High School (math 28% / reading 38%, grade F, #406 of 667 statewide, top 61%, 1,205 students, 77% FRL) — zoned schools average 84% FRL vs 48% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 32% at this address vs 51% district-wide (-19 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); 134 active listings in the ZIP; 40 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 38% 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 $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

• It's been on market 69 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $14k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $175k implies a 338% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,387 (11.8% below list)

Questions for the listing agent

1. It's been on market 69 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 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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. 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?
8. 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.
9. 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.
10. 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: 0.88% ✗
• Cap rate: 6.67%
• Cash-on-cash: 1.35%
• DSCR: 1.06
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $184,416
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1249 Honor Dr	0.05mi	2/2.0	816 (0%)	12mo	$230,000	$282	84
4848 Colonnade Ave	0.33mi	2/1.0	831 (+2%)	5mo	$184,000	$221	77
1548 Landau St	0.28mi	2/1.0	864 (+6%)	2mo	$202,000	$234	76
4853 Bartelt Rd	0.55mi	2/1.0	813 (-0%)	0mo	$90,000	$111	74
4932 Gaslight Ave	0.29mi	2/2.0	816 (0%)	12mo	$220,000	$270	72
4914 Panorama Ave	0.30mi	2/1.0	864 (+6%)	8mo	$134,500	$156	70
4223 Kibler Ln	0.59mi	2/1.0	816 (0%)	7mo	$177,000	$217	67
1438 Excalibur St	0.35mi	2/1.5	864 (+6%)	14mo	$242,000	$280	60
4935 Phoenix Ave	0.42mi	2/2.0	864 (+6%)	8mo	$180,000	$208	60
4822 Panorama Ave	0.23mi	2/2.0	936 (+15%)	4mo	$230,000	$246	57
4934 Vision Ave	0.30mi	2/1.0	930 (+14%)	7mo	$210,000	$226	57
1133 Powersong St	0.25mi	2/2.0	936 (+15%)	14mo	$192,500	$206	48

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: -17.5%
• Equity multiple: 0.40×
• Total profit: $-29,387
• Equity at exit: $26,093

10-year hold

• IRR: -16.2%
• Equity multiple: 0.21×
• Total profit: $-38,587
• Equity at exit: $15,131

Cash invested: $49,000 (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 34690

• Home prices YoY: -22.4%
• Rents YoY: -2.5%
• Active inventory: 134
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,544 high
• Mortgage (P&I): −$918
• Tax from tax record: −$174 /mo · $2,089/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $55

Break-even live

Break-even rent $1,474

Max offer price $175,000

Occupancy floor 91%

Sensitivity live

Price	-10% $154	-5% $104	+0% $55	+5% $5	+10% $-44
Rent	-10% $-67	-5% $-6	+0% $55	+5% $116	+10% $177
Rate	-1.0pp $143	-0.5pp $99	base $55	+0.5pp $10	+1.0pp $-37

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4836 Flora Ave Holiday, FL	2.0	2.0	1113	$1,445	$1.30	26d	1	0.20mi
1130 Powersong St Holiday, FL	2.0	1.0	864	$1,800	$2.08	16d	1	0.25mi
1130 Powersong St Holiday, FL	2.0	1.0	864	$1,800	$2.08	26d	1	0.25mi
1552 Alert St Holiday, FL	3.0	1.0	956	$2,100	$2.20	7d	1	0.31mi
2117 Calusa Trl Unit B Holiday, FL	1.0	1.0	708	$1,195	$1.69	0d	1	0.82mi
2122 Ranchita Trl Holiday, FL	2.0	1.0	648	$1,399	$2.16	26d	1	0.83mi
3838 Staysail Ln Unit 3838 Holiday, FL	2.0	1.0	1114	$1,500	$1.35	26d	1	0.85mi
5409 Oceanic Rd Holiday, FL	1.0	1.0	624	$1,225	$1.96	26d	1	0.88mi
5419 Oceanic Rd Holiday, FL	1.0	1.0	624	$1,200	$1.92	14d	1	0.89mi
2132 Kepner Dr Holiday, FL	2.0	1.0	920	$1,295	$1.41	22d	1	0.93mi
5441 Oceanic Rd Holiday, FL	1.0	1.0	600	$1,100	$1.83	26d	1	0.93mi
2051 Pleasure Dr Holiday, FL	2.0	1.0	720	$1,200	$1.67	26d	1	0.95mi
5603 Cheyenne Dr Holiday, FL	1.0	1.0	525	$1,100	$2.10	26d	1	0.95mi
623 Beckett Way Unit B Tarpon Springs, FL	1.0	1.0	600	$1,250	$2.08	5d	1	0.99mi
5338 Nancy Ln Holiday, FL	2.0	1.0	864	$1,430	$1.66	26d	1	1.01mi
4823 Longwood Ave Holiday, FL	3.0	1.0	1122	$1,800	$1.60	7d	1	1.03mi
5633 Golden Nugget Dr Holiday, FL	1.0	1.0	600	$1,175	$1.96	26d	1	1.03mi
3623 Holiday Lake Dr Holiday, FL	3.0	1.0	1004	$1,525	$1.52	26d	1	1.04mi
4313 Tahitian Gardens Cir Unit C Holiday, FL	2.0	1.5	825	$1,300	$1.58	16d	1	1.04mi
5709 Silver Spur Dr Holiday, FL	1.0	1.0	727	$1,095	$1.51	16d	1	1.07mi
5709 Silver Spur Dr Holiday, FL	1.0	1.0	727	$1,095	$1.51	1d	1	1.07mi
4334 Tahitian Gardens Cir Unit C Holiday, FL	2.0	1.0	768	$1,450	$1.89	26d	1	1.07mi
1525 Swordbill Dr Holiday, FL	1.0	1.0	700	$1,090	$1.56	1d	1	1.09mi
1525 Swordbill Dr Holiday, FL	1.0	1.0	700	$1,090	$1.56	22d	1	1.09mi
5723 Silver Spur Dr Holiday, FL	2.0	1.0	784	$1,450	$1.85	26d	1	1.09mi
1551 Swordbill Dr Holiday, FL	2.0	1.0	784	$1,450	$1.85	13d	1	1.10mi
1551 Swordbill Dr Holiday, FL	2.0	1.0	784	$1,450	$1.85	26d	1	1.10mi
4326 Tahitian Gardens Cir Unit 14E Holiday, FL	2.0	1.5	768	$2,000	$2.60	26d	1	1.11mi
4318 Tahitian Gardens Cir Unit B Holiday, FL	1.0	1.0	576	$1,200	$2.08	26d	1	1.12mi
3531 Rosewater Dr Holiday, FL	2.0	2.0	907	$1,795	$1.98	26d	1	1.13mi
3530 Oxford Dr Holiday, FL	2.0	1.5	1080	$1,495	$1.38	23d	1	1.14mi
4337 Tahitian Gardens Cir Unit F Holiday, FL	2.0	1.0	768	$1,500	$1.95	26d	1	1.14mi
4354 Tahitian Gardens Cir Unit F Holiday, FL	2.0	1.0	825	$1,500	$1.82	26d	1	1.16mi
4356 Tahitian Gardens Cir Unit C Holiday, FL	2.0	1.0	825	$1,350	$1.64	26d	1	1.17mi
4358 Tahitian Gardens Cir Unit G Holiday, FL	1.0	1.0	600	$1,350	$2.25	26d	1	1.18mi
4358 Tahitian Gardens Cir Holiday, FL	1.0	1.0	600	$1,350	$2.25	16d	1	1.18mi
2509 Sweetwood Dr Holiday, FL	2.0	1.0	988	$1,650	$1.67	19d	1	1.21mi
4365 Tahitian Gardens Cir Unit C Holiday, FL	2.0	1.0	825	$1,300	$1.58	1d	1	1.22mi
4351 Tahitian Gardens Cir Holiday, FL	2.0	1.0	825	$1,150	$1.39	26d	1	1.22mi
3433 Atlantis Dr Holiday, FL	2.0	1.0	1024	$1,500	$1.46	26d	1	1.23mi

Listing history 12 events

1. 2026-06-22
   days on market $175,000 Active 69 DOM
2. 2026-06-18
   status $175,000 Active 66 DOM
3. 2026-05-20
   status Active
4. 2026-05-20
   price $175,000
5. 2026-02-19
   price $179,000
6. 2026-01-28
   price $184,000
7. 2026-01-16
   listed $189,000 Active
8. 2013-05-31
   soldstatus $40,000 259-char remark

   Show marketing remark (259 chars)

   Cute 2 bedroom one bath home. Priced to sell, great starter, first time home buyer, retiree or winter retreat . Large fenced backyard with screen enclosed porch. Convenient to Pinellas County line, shopping, restaurants, beaches, parks and medical facilities.

9. 2013-05-19
   listed $43,900 259-char remark

   Show marketing remark (259 chars)

   Cute 2 bedroom one bath home. Priced to sell, great starter, first time home buyer, retiree or winter retreat . Large fenced backyard with screen enclosed porch. Convenient to Pinellas County line, shopping, restaurants, beaches, parks and medical facilities.

10. 2007-05-30
    listed $87,000
11. 2000-12-06
    soldstatus $46,600
12. 2000-12-06
    soldstatus $46,600

ⓘ 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: $2,089 · $174/mo
• Projected year-2 tax: $2,089 · $174/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 5/10 Major FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 28 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,526
• − Mortgage interest: −$9,803
• − Property taxes: −$2,089
• − Insurance: −$875
• − Repairs & maintenance: −$1,482
• − Management: −$1,482
• − Depreciation: −$5,091
• Taxable loss: −$2,295
• Est. tax savings @ 24.0%: +$551
• After-tax cash flow: $1,210/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 — Holiday

• Score: 66/100
• State rank: #623
• US rank: #12124

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Holiday, FL
• County: Pasco County · 524,098 people
• City population: 33,730
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 12,498
• Household income: $49,401
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 625.0

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 (70%)
• Race & ethnicity: White 70% Hispanic / Latino 21% Two or more races 11% Black 5% Native American 2% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 7% Cuban 3% Dominican 2%
• Common ancestry: Lithuanian 3% Romanian 2% Slovak 1%
• Foreign-born: 12% · Canada, Jamaica, Vietnam
• Languages at home: 78% English-only · Spanish 16% Arabic 2% Other Indo-European 2%

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: ▼ -91.40%
• Current HPI: 316.5846
• Rent YoY: ▼ -2.49%
• 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

+275.5% since first listed

10 events — show timeline

• 2026-05-20 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-20 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-28 Price Changed $184,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-16 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 2013-05-31 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2013-05-19 Listed $43,900 Stellar MLS as Distributed by MLS Grid
• 2007-05-30 Listed $87,000 Stellar MLS as Distributed by MLS Grid
• 2000-12-06 Sold (Public Records) $46,600 Public Records
• 2000-12-06 Sold (Public Records) $46,600 Public Records

Property tax history

+8.3%/yr

Latest (2025): $2,089 · +4.5% YoY. Source: county tax records.