7007 Nova Scotia Dr · Jasmine Estates, FL 34668

$175,000

2 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 5 Days on market

Built 1977 5,525 sqft lot Est $231k · 24% under

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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 +18.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.8/10.0
• 1% rule +4.6/10.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE REDUCED!!! Garage converted to living space (3rd bedroom). Needs work and is offered in AS IS condition.

Key facts

• 5,525 sq ft lot
• Built 1977
• Listed 4 days

Property features AI

Finance

• Other: Zoning: R4; Property type: Residential - Single family residence
• Financial info: No lease restrictions; Unfurnished
• HOA & community: Pets allowed

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Broadband/high-speed internet available; Public utilities
• Home design: Single family residence; One story; Faces south
• Construction: Block, concrete and stucco construction; Shingle roof; Slab foundation; Built on 0.13-acre lot
• Exterior features: Private mailbox; Asphalt road access

Interior

• Kitchen: No appliances included
• Bedrooms: 2 bedrooms
• Flooring: Other
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan
• Laundry & utility: Washer hookup; Electric dryer hookup

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 $170 ($2k/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 $169k (3.6% below list).
• Recommended offer: $169k (3.6% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.7% in Jasmine Estates — 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 67/100 on livability (#555 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, schools F, 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 rising (+1.3%/yr); 577 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 43% of the median local income ($47k/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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 21y 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 $65k; list at $175k implies a 169% 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 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,618 (3.6% below list)

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.96% ✗
• Cap rate: 7.46%
• Cash-on-cash: 4.15%
• DSCR: 1.18
• GRM: 8.6

CMA / ARV

• ARV (on-the-fly): $231,264
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7130 Isle Dr	0.27mi	2/2.0	1,048 (-1%)	1mo	$300,000	$286	81
9330 Saint Regis Ln	0.58mi	3/1.0 (+1)	1,040 (-2%)	1mo	$227,500	$219	65
9315 Palm Ave	0.53mi	2/2.0	1,012 (-4%)	6mo	$229,000	$226	60
9105 Lunar Ln	0.73mi	2/1.0	1,038 (-2%)	5mo	$214,900	$207	59
8915 Chilton Dr	0.61mi	2/1.0	974 (-8%)	1mo	$194,900	$200	58
8634 Velvet Dr	0.31mi	3/1.0 (+1)	1,208 (+14%)	1mo	$219,000	$181	56
6432 Juniper Rd	0.57mi	2/2.0	980 (-7%)	5mo	$189,900	$194	53
6331 Ridge Crest Dr	0.65mi	2/2.0	980 (-7%)	5mo	$235,000	$240	50
9405 Gableton Ln	0.72mi	2/2.0	1,133 (+7%)	1mo	$250,000	$221	49
9300 W Cochise Ln	0.53mi	3/2.0 (+1)	1,187 (+12%)	1mo	$239,900	$202	45
9030 Unicorn Ave	0.59mi	3/1.0 (+1)	928 (-12%)	6mo	$210,000	$226	42
6318 Ridge Crest Dr	0.68mi	3/2.0 (+1)	1,191 (+13%)	3mo	$261,000	$219	36

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: -11.7%
• Equity multiple: 0.58×
• Total profit: $-20,425
• Equity at exit: $26,093

10-year hold

• IRR: -5.2%
• Equity multiple: 0.69×
• Total profit: $-15,259
• 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 34668

• Home prices YoY: -17.4%
• Rents YoY: 1.3%
• Active inventory: 577
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,686 high
• Mortgage (P&I): −$918
• Tax from tax record: −$172 /mo · $2,062/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $170

Break-even live

Break-even rent $1,471

Max offer price $175,000

Occupancy floor 85%

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
7125 Sandalwood Dr Port Richey, FL	2.0	2.0	1324	$1,681	$1.27	5d	1	0.17mi
9035 Cochise Ln Port Richey, FL	3.0	2.0	1095	$1,395	$1.27	14d	1	0.35mi
8712 Roble Way Port Richey, FL	3.0	2.0	1134	$1,841	$1.62	24d	1	0.40mi
8356 Journet Blvd Port Richey, FL	1.0–2.0	1.0	843	$1,315	$1.56	24d	1	0.43mi
9110 Saint Clair Ln Port Richey, FL	2.0	2.0	730	$2,100	$2.88	24d	1	0.44mi
8540 Robilina Rd Port Richey, FL	1.0–2.0	1.0	722	$1,432	$1.98	3d	14	0.50mi
7034 Coral Reef Dr Port Richey, FL	3.0	2.0	1325	$1,795	$1.35	24d	1	0.50mi
7435 San Miguel Dr Port Richey, FL	2.0	2.0	1136	$1,500	$1.32	20d	1	0.51mi
9304 Saint Regis Ln Port Richey, FL	2.0	2.0	1356	$1,550	$1.14	22d	1	0.52mi
7501 San Moritz Dr Port Richey, FL	3.0	2.0	1412	$1,600	$1.13	24d	1	0.57mi
6412 Pawling Ave Port Richey, FL	2.0	1.0	806	$1,750	$2.17	24d	1	0.58mi
9130 Chatam Ln Port Richey, FL	2.0	2.0	1212	$1,623	$1.34	22d	1	0.64mi
6431 Citation Dr Port Richey, FL	3.0	1.0	1009	$1,681	$1.67	5d	1	0.64mi
9211 Chatam Ln Port Richey, FL	3.0	2.0	1176	$2,215	$1.88	20d	1	0.66mi
9425 Saint Regis Ln Port Richey, FL	2.0	2.0	1380	$1,700	$1.23	24d	1	0.67mi
6935 Twilite Dr Port Richey, FL	2.0	1.0	1032	$1,450	$1.41	16d	1	0.68mi
9202 Suffolk Ln Port Richey, FL	2.0	2.0	1038	$1,450	$1.40	14d	1	0.70mi
9202 Suffolk Ln Port Richey, FL	2.0	2.0	1038	$1,450	$1.40	24d	1	0.70mi
9210 Pegasus Ave Port Richey, FL	2.0	1.5	768	$1,400	$1.82	5d	1	0.74mi
7605 Embassy Blvd Port Richey, FL	3.0	2.0	1278	$2,350	$1.84	12d	1	0.74mi
7605 Embassy Blvd Unit 1 Port Richey, FL	3.0	2.0	1469	$2,350	$1.60	24d	1	0.74mi
8910 Elm Leaf Ct Port Richey, FL	2.0	2.0	1248	$1,650	$1.32	5d	1	0.75mi
7301 Moravian Dr Port Richey, FL	3.0	2.0	1325	$1,806	$1.36	5d	1	0.76mi
9105 Hermitage Ln Port Richey, FL	3.0	2.0	1442	$1,900	$1.32	24d	1	0.77mi
7741 Forest Trl #3 Port Richey, FL	2.0	2.0	1010	$1,500	$1.49	24d	1	0.80mi
8228 Chasco Woods Blvd Port Richey, FL	1.0–3.0	1.0–2.0	966	$1,388	$1.44	1d	22	0.82mi
9100 Hunt Club Ln Port Richey, FL	2.0	2.0	1365	$1,850	$1.36	22d	1	0.83mi
7325 Ivanhoe Dr Port Richey, FL	3.0	1.0	984	$1,800	$1.83	11d	1	0.93mi
7224 Potomac Dr Port Richey, FL	3.0	2.0	1208	$1,595	$1.32	24d	1	0.96mi
6920 Tierra Verde St Port Richey, FL	3.0	2.0	1478	$1,850	$1.25	24d	1	0.99mi
7040 Brentwood Dr Unit NA Port Richey, FL	2.0	1.0	880	$1,600	$1.82	20d	1	1.10mi
9741 Scenic Dr Port Richey, FL	3.0	2.0	1246	$1,800	$1.44	4d	1	1.12mi
9103 Westby Ln Port Richey, FL	2.0	1.0	840	$1,995	$2.38	24d	1	1.13mi
6831 Tierra Linda St Port Richey, FL	3.0	2.0	1478	$1,595	$1.08	24d	1	1.14mi
8026 Colrain Dr Port Richey, FL	3.0	1.0	1080	$1,545	$1.43	24d	1	1.16mi
6430 Lomand Ave New Port Richey, FL	2.0	1.5	952	$1,550	$1.63	24d	1	1.21mi
7212 Carlton Arms Dr New Port Richey, FL	2.0	1.0–2.0	877	$1,609	$1.83	24d	1	1.22mi
5848 Siesta Ln Port Richey, FL	2.0	1.0	800	$1,250	$1.56	12d	1	1.24mi
9826 Pocono St Port Richey, FL	2.0	2.0	1072	$1,650	$1.54	24d	1	1.25mi
9300 Whitman Ln Port Richey, FL	3.0	1.0	920	$1,695	$1.84	24d	1	1.26mi

Listing history 4 events

1. 2026-06-03
   days on market $175,000 Active 5 DOM
2. 2026-06-02
   days on market $175,000 Active 4 DOM
3. 2026-06-01
   days on market $175,000 Active 3 DOM
4. 2026-05-31
   days on market $175,000 Active 2 DOM

ⓘ 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: $2,062 · $172/mo
• Projected year-2 tax: $2,062 · $172/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 4/10 Moderate
• 🌡 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: $20,234
• − Mortgage interest: −$9,803
• − Property taxes: −$2,062
• − Insurance: −$875
• − Repairs & maintenance: −$1,619
• − Management: −$1,619
• − Depreciation: −$5,091
• Taxable loss: −$833
• Est. tax savings @ 24.0%: +$200
• After-tax cash flow: $2,236/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 — Jasmine Estates

• Score: 67/100
• State rank: #555
• US rank: #10561

Category grades

Amenities F 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: Jasmine Estates, FL
• 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

+216.5% since first listed

11 events — show timeline

• 2026-05-29 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2008-05-23 Listed $119,999 Stellar MLS as Distributed by MLS Grid
• 2007-09-12 Sold (MLS) $65,000 HCAR
• 2007-04-11 Listed $72,000 HCAR
• 2006-11-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-09-02 Listed $144,900 Stellar MLS as Distributed by MLS Grid
• 2005-08-03 Sold (Public Records) $116,500 Public Records
• 2005-07-22 Sold (MLS) $116,500 Stellar MLS as Distributed by MLS Grid
• 2005-06-03 Listed $116,500 Stellar MLS as Distributed by MLS Grid
• 1999-01-04 Sold (Public Records) $37,000 Public Records
• 1995-12-27 Sold (Public Records) $55,300 Public Records

Property tax history

+8.8%/yr

Latest (2025): $2,062 · +2.2% YoY. Source: county tax records.