10921 London Dr · Bayonet Point, FL 34668

$57,500

2 bd · 2.0 ba · 768 sqft · Manufactured public records · 23 Days on market

Built 1972 6,426 sqft lot Est $62k · 8% under $200/mo HOA · 13% 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 +10.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful 2BR/1.5BA Mobile Home in Gated 55+ Community $75,000 Welcome home to this well-maintained 2 bedroom, 1.5 bathroom mobile home located in Senate Manor, a desirable gated 55+ community in Port Richey, Florida. Key Features: Located on one of the larger lots in the community Brand new flooring throughout Remodeled main bathroom Bright, comfortable layout with plenty of space Community Amenities: Gated community for added peace of mind Pool and clubhouse Friendly, well-kept neighborhood HOA: $200/month includes: Water Trash pickup Landscaping Convenient Port Richey location close to shopping, dining, and everyday essentials. Asking Price: $75,000.00 Perfect for full-time living or a seasonal Florida retreat. Dont miss this opportunity to enjoy affordable living in a great 55+ community!

Key facts

• Gated community
• New walls
• New flooring

Tags

• GATED COMMUNITY
• RESIDENT OWNED COOPERATIVE
• NEW WALLS
• NEW FLOORING
• REFRESHED KITCHEN
• NEW CABINETS

Property features AI

Finance

• Other: Total monthly association fees $200; total annual association fees $2,400
• Financial info: Lease restrictions apply
• HOA & community: Senate Manor HOA (monthly fee $200); HOA covers maintenance of grounds, pool, private road, recreational facilities, security, sewer, trash and water; Association amenities: clubhouse, laundry, recreation facilities, shuffleboard court, spa/hot tub; Association approval required; Senior community; Pets allowed; Deed restrictions; Golf carts permitted

Exterior

• Parking: Carport (1 space)
• Utilities: Private water; Private sewer; Public utilities available
• Home design: Mobile home (single wide); One story; Faces east; Homesteaded
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built on 0.15-acre lot
• Exterior features: Covered, enclosed patio/porch; Patio; Porch; Concrete road access; Private maintained road

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Solid wood cabinets; Blinds
• Laundry & utility: Washer; Dryer; Inside utility; Separate laundry room (outside access)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $58k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $58k).
• Recommended offer: $57k (1.5% below list) — sets the bar for market timing.

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+, 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: Gulf Highlands Elementary School (math 29% / reading 32%, grade F, #1,862 of 2,144 statewide, top 88%, 714 students, 89% FRL); Fivay High School (math 20% / reading 28%, grade F, #529 of 667 statewide, top 80%, 1,610 students, 78% 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 27% at this address vs 51% district-wide (-24 pts) — the specific schools serving this property underperform the Pasco average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.3%/yr); 581 active listings in the ZIP; 35 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 $398 of loan paydown is wiped out by about $2k 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 + 1.3% rent growth), your $16k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 3 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 $14k; list at $58k implies a 311% gain — meaningful room to come down on a strong offer.

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; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $56,637 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — 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: 2.70% ✓
• Cap rate: 20.54%
• Cash-on-cash: 50.90%
• DSCR: 3.26
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $62,208
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6724 Roosevelt Dr	0.20mi	2/2.0	800 (+4%)	10mo	$65,000	$81	76
10800 London Dr	0.16mi	2/2.0	808 (+5%)	12mo	$40,000	$50	74
11329 Leisure Ln	0.64mi	2/2.0	744 (-3%)	8mo	$63,000	$85	58
7215 Lofty Dr	0.53mi	2/1.5	672 (-12%)	7mo	$94,900	$141	46
6506 Cathy Dr	0.48mi	2/1.0	689 (-10%)	14mo	$55,000	$80	45
6515 Margaret Dr	0.55mi	2/1.0	672 (-12%)	8mo	$50,000	$74	42

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 · 1.28% rent growth · sell at horizon

5-year hold

• IRR: 7.8%
• Equity multiple: 1.29×
• Total profit: $4,743
• Equity at exit: $8,573

10-year hold

• IRR: 14.4%
• Equity multiple: 2.01×
• Total profit: $16,209
• Equity at exit: $4,972

Cash invested: $16,100 (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 34668

• Home prices YoY: -17.4%
• Rents YoY: 1.3%
• Active inventory: 581
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,552 high
• Mortgage (P&I): −$302
• Tax from tax record: −$17 /mo · $209/yr
• Insurance: −$24
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$200
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $256

Break-even live

Break-even rent $1,227

Max offer price $57,500

Occupancy floor 78%

Sensitivity live

Price	-10% $289	-5% $273	+0% $256	+5% $240	+10% $224
Rent	-10% $134	-5% $195	+0% $256	+5% $318	+10% $379
Rate	-1.0pp $285	-0.5pp $271	base $256	+0.5pp $241	+1.0pp $226

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: $14,375
• Closing costs: $1,725
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11031 Hassle Ave Port Richey, FL	3.0	1.0	1006	$1,595	$1.59	25d	1	0.34mi
6731 Sandra Dr Port Richey, FL	2.0	1.0	816	$1,575	$1.93	25d	1	0.36mi
7110 Tudor Ln Port Richey, FL	1.0	1.0	676	$1,310	$1.94	3d	1	0.37mi
7110 Tudor Ln Port Richey, FL	1.0	1.0	676	$1,310	$1.94	25d	1	0.37mi
7213 Seward Dr Port Richey, FL	2.0	1.0	700	$1,500	$2.14	25d	1	0.47mi
11103 Harding Dr Unit 2 Port Richey, FL	2.0	1.0	760	$1,450	$1.91	21d	1	0.53mi
11430 Rohrman Rd Port Richey, FL	1.0	1.0	700	$1,000	$1.43	6d	1	0.55mi
10803 Hyssop St Port Richey, FL	3.0	1.0	1120	$1,500	$1.34	12d	1	0.65mi
7438 Coventry Dr Port Richey, FL	2.0	1.0	985	$1,600	$1.62	13d	1	0.69mi
10401 Oleander Dr Port Richey, FL	2.0	1.0	887	$1,250	$1.41	25d	1	0.87mi
7539 Gulf Highlands Dr Port Richey, FL	2.0	1.5	936	$1,550	$1.66	6d	1	1.04mi
7808 Talisman Dr Port Richey, FL	3.0	2.0	1063	$2,100	$1.98	25d	1	1.05mi
7040 Brentwood Dr Unit NA Port Richey, FL	2.0	1.0	880	$1,600	$1.82	21d	1	1.08mi
7715 Sue Ellen Dr Port Richey, FL	2.0	2.0	1080	$1,495	$1.38	4d	1	1.11mi
7839 Canna Dr Port Richey, FL	2.0	2.0	1095	$1,450	$1.32	12d	1	1.13mi
7804 Topay Ln Port Richey, FL	3.0	2.0	1125	$1,795	$1.60	0d	1	1.14mi
9919 Aquarius Dr Unit 6 Port Richey, FL	2.0	1.0	950	$1,440	$1.52	25d	1	1.16mi
9926 Grace Dr Port Richey, FL	2.0	1.0	950	$1,442	$1.52	21d	4	1.16mi
10802 Laburnum Dr Port Richey, FL	2.0	2.0	1002	$1,545	$1.54	25d	1	1.16mi
9826 Pocono St Port Richey, FL	2.0	2.0	1072	$1,650	$1.54	25d	1	1.17mi
10303 Gardenia Ln Port Richey, FL	3.0	2.0	1054	$1,950	$1.85	25d	1	1.17mi
9911 Aquarius Dr Unit 8 Port Richey, FL	2.0	1.0	950	$1,440	$1.52	25d	1	1.18mi
11138 Yellowwood Ln Unit NA Port Richey, FL	3.0	1.0	1000	$1,800	$1.80	25d	1	1.19mi
9901 Aquarius Dr Unit 8 Port Richey, FL	2.0	1.0	950	$1,440	$1.52	25d	1	1.20mi
10225 Gardenia Ln Port Richey, FL	3.0	1.0	1042	$1,495	$1.43	16d	1	1.20mi
9900 Grace Dr Port Richey, FL	2.0	1.5	950	$1,763	$1.86	25d	1	1.21mi
10502 Laburnum Dr Port Richey, FL	2.0	2.0	1002	$1,545	$1.54	25d	1	1.23mi
11611 Constance Dr Port Richey, FL	3.0	1.0	984	$1,540	$1.57	12d	1	1.29mi
11611 Constance Dr Port Richey, FL	3.0	1.0	984	$1,540	$1.57	25d	1	1.29mi
7325 Ivanhoe Dr Port Richey, FL	3.0	1.0	984	$1,800	$1.83	12d	1	1.37mi
8161 Braddock Cir #1 Port Richey, FL	2.0	2.0	1000	$1,595	$1.59	19d	1	1.42mi
12027 Hoosier Ct #203 Hudson, FL	2.0	2.0	1103	$1,550	$1.41	25d	1	1.43mi
6935 Twilite Dr Port Richey, FL	2.0	1.0	1032	$1,450	$1.41	17d	1	1.46mi
12041 Hoosier Ct #204 Hudson, FL	2.0	2.0	1103	$1,495	$1.36	19d	1	1.47mi
12041 Hoosier Ct #204 Hudson, FL	2.0	2.0	1103	$1,495	$1.36	25d	1	1.47mi

HOA detail

• Monthly dues: $200 · $2,400/yr
• Likely covers: watertrashlandscapingpoolsecurity

Listing history 19 events

1. 2026-06-18
   days on market $57,500 Active 23 DOM
2. 2026-06-17
   days on market $57,500 Active 22 DOM
3. 2026-06-16
   days on market $57,500 Active 21 DOM
4. 2026-06-15
   days on market $57,500 Active 20 DOM
5. 2026-06-13
   days on market $57,500 Active 18 DOM
6. 2026-06-09
   days on market $57,500 Active 14 DOM
7. 2026-06-08
   days on market $57,500 Active 13 DOM
8. 2026-06-07
   days on market $57,500 Active 12 DOM
9. 2026-06-04
   days on market $57,500 Active 9 DOM
10. 2026-06-03
    days on market $57,500 Active 8 DOM
11. 2026-06-02
    days on market $57,500 Active 7 DOM
12. 2026-06-01
    days on market $57,500 Active 6 DOM
13. 2026-05-31
    days on market $57,500 Active 5 DOM
14. 2026-05-22
    status Pending
15. 2026-05-19
    listed $57,500 Active
16. 2026-02-04
    listed $75,000 Active 823-char remark

    Show marketing remark (823 chars)

    Beautiful 2BR/1.5BA Mobile Home in Gated 55+ Community $75,000 Welcome home to this well-maintained 2 bedroom, 1.5 bathroom mobile home located in Senate Manor, a desirable gated 55+ community in Port Richey, Florida. Key Features: Located on one of the larger lots in the community Brand new flooring throughout Remodeled main bathroom Bright, comfortable layout with plenty of space Community Amenities: Gated community for added peace of mind Pool and clubhouse Friendly, well-kept neighborhood HOA: $200/month includes: Water Trash pickup Landscaping Convenient Port Richey location close to shopping, dining, and everyday essentials. Asking Price: $75,000.00 Perfect for full-time living or a seasonal Florida retreat. Dont miss this opportunity to enjoy affordable living in a great 55+ community!

17. 2018-02-28
    soldstatus $14,000 Sold 352-char remark

    Show marketing remark (352 chars)

    Nice Mobile home in a well kept Gated Community of Senate Manor. This would make a wonderful retirement home, or a place to get away from the cold winters. Mobile comes furnished, and has a new car port and some new windows 2017. The Community Amenities include Swimming pool, Clubhouse Lawn care and more. Price of mobile includes cost of Land Share.

18. 2018-01-24
    status Pending 352-char remark

    Show marketing remark (352 chars)

    Nice Mobile home in a well kept Gated Community of Senate Manor. This would make a wonderful retirement home, or a place to get away from the cold winters. Mobile comes furnished, and has a new car port and some new windows 2017. The Community Amenities include Swimming pool, Clubhouse Lawn care and more. Price of mobile includes cost of Land Share.

19. 2017-11-14
    listed $35,000 Active 352-char remark

    Show marketing remark (352 chars)

    Nice Mobile home in a well kept Gated Community of Senate Manor. This would make a wonderful retirement home, or a place to get away from the cold winters. Mobile comes furnished, and has a new car port and some new windows 2017. The Community Amenities include Swimming pool, Clubhouse Lawn care and more. Price of mobile includes cost of Land Share.

ⓘ 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: $209 · $17/mo
• Projected year-2 tax: $477 · $40/mo
• Expected delta: +$268/yr (+$22/mo · 128.3%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 24 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: $18,619
• − Mortgage interest: −$3,221
• − Property taxes: −$209
• − Insurance: −$5,406
• − Repairs & maintenance: −$1,490
• − Management: −$1,490
• − HOA: −$2,400
• − Depreciation: −$1,673
• Taxable income: $2,732
• Est. tax owed @ 24.0%: −$656
• After-tax cash flow: $2,420/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

• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 49,442
• Household income: $47,401
• Rent vs Own: 37.2% rent · 62.8% own
• Severe rent burden: 2699.0

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 23% Two or more races 14% Black 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 10% Cuban 5% Dominican 1%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 2%
• Foreign-born: 11% · Canada, Jamaica
• Languages at home: 82% English-only · Spanish 14% Other Indo-European 1% French/Haitian/Cajun 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: ▼ -75.64%
• Current HPI: 359.7163
• Rent YoY: ▲ 1.28%
• 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

+64.3% since first listed

6 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Listed $57,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Listed $75,000 ForSaleByOwner.com
• 2018-02-28 Sold (MLS) $14,000 Stellar MLS as Distributed by MLS Grid
• 2018-01-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-11-14 Listed $35,000 Stellar MLS as Distributed by MLS Grid

Property tax history

-6.6%/yr

Latest (2025): $209 · +3.5% YoY. Source: county tax records.