7135 Elizabeth Ave · Bayonet Point, FL 34667

$105,000

2 bd · 2.0 ba · 720 sqft · Manufactured public records · 190 Days on market

Built 1970 7,000 sqft lot Est $116k · 9% under

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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 +11.7/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Mobil Home Hudson Florida 2/1. Need full Rehab. Location near US 19 and HWY

Key facts

• Central location
• Well
• Store shed

Tags

• SEPTIC SYSTEM
• WELL
• LARGE FENCED CHAIN LINK
• STORE SHED
• CENTRAL LOCATION

Property features AI

Finance

• Other: Lot about 0.16 acre with trees/landscaping; Asphalt and concrete road surfaces; Chain link and wire fencing; Property type: Residential - Mobile Home (Single Wide); Zoning: R1MH; Unfurnished; No lease restrictions; Universal Property ID available
• HOA & community: No association

Exterior

• Parking: Open parking
• Utilities: Well water; Septic tank sewer; Electricity available; Public utilities (other)
• Home design: Residential mobile home (single wide); Two levels; Faces south
• Construction: Metal frame construction; Other construction materials; Metal roof; Other roof types; Building area about 800 square feet; Living area about 720 square feet
• Exterior features: Exterior lighting; Outdoor storage

Interior

• Kitchen: No appliances listed
• Bedrooms: 2 bedrooms
• Flooring: Cork flooring; Vinyl flooring
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: No heating listed; No cooling listed
• Interior features: Open floorplan
• Laundry & utility: No laundry facilities listed

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $105k.

Deal economics

• At list price, monthly cash flow is $491 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.9% 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; 3 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 34% 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 $726 of loan paydown is wiped out by about $3k 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 + 0.0% rent growth), your $29k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 190 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $105k implies a 134% 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→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 190 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 1970 — 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 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: 1.38% ✓
• Cap rate: 11.90%
• Cash-on-cash: 20.03%
• DSCR: 1.89
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $115,920
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7114 Jeanne Ave	0.10mi	2/1.0	744 (+3%)	11mo	$65,000	$87	76
12107 Longhorn Dr	0.30mi	2/1.0	672 (-7%)	10mo	$107,900	$161	62
12308 Longhorn Dr	0.32mi	2/1.5	784 (+9%)	11mo	$110,000	$140	59
7408 Cynthia Ct	0.42mi	2/1.0	636 (-12%)	8mo	$160,000	$252	50

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: 8.9%
• Equity multiple: 1.34×
• Total profit: $9,985
• Equity at exit: $15,656

10-year hold

• IRR: 15.6%
• Equity multiple: 2.10×
• Total profit: $32,478
• Equity at exit: $9,078

Cash invested: $29,400 (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: 6.1×

Monthly cashflow live

• Estimated rent: $1,445 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$57 /mo · $680/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$304
• Net cashflow: $491

Break-even live

Break-even rent $824

Max offer price $105,000

Occupancy floor 61%

Sensitivity live

Price	-10% $550	-5% $521	+0% $491	+5% $461	+10% $431
Rent	-10% $377	-5% $434	+0% $491	+5% $548	+10% $605
Rate	-1.0pp $544	-0.5pp $517	base $491	+0.5pp $464	+1.0pp $436

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13113 Bartow St Hudson, FL	2.0	1.0	528	$1,190	$2.25	25d	1	0.89mi
11430 Rohrman Rd Port Richey, FL	1.0	1.0	700	$1,000	$1.43	6d	1	0.95mi
7213 Seward Dr Port Richey, FL	2.0	1.0	700	$1,500	$2.14	25d	1	1.07mi

Listing history 13 events

1. 2026-06-18
   days on market $105,000 Active 190 DOM
2. 2026-06-17
   days on market $105,000 Active 189 DOM
3. 2026-06-16
   days on market $105,000 Active 188 DOM
4. 2026-06-15
   days on market $105,000 Active 187 DOM
5. 2026-06-13
   pricedays on market $105,000 Active 185 DOM
6. 2026-06-09
   days on market $110,000 Active 181 DOM
7. 2026-06-08
   days on market $110,000 Active 180 DOM
8. 2026-06-07
   days on market $110,000 Active 179 DOM
9. 2026-04-30
   price $110,000
10. 2026-03-05
    price $115,000
11. 2025-11-29
    listed $120,000 Active
12. 2025-08-19
    soldstatus $44,900 75-char remark

    Show marketing remark (75 chars)

    Mobil Home Hudson Florida 2/1. Need full Rehab. Location near US 19 and HWY

13. 2025-08-19
    listed $44,900 75-char remark

    Show marketing remark (75 chars)

    Mobil Home Hudson Florida 2/1. Need full Rehab. Location near US 19 and HWY

ⓘ 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: $680 · $57/mo
• Projected year-2 tax: $872 · $73/mo
• Expected delta: +$192/yr (+$16/mo · 28.2%)

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

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 9% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥114°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: $17,344
• − Mortgage interest: −$5,882
• − Property taxes: −$680
• − Insurance: −$525
• − Repairs & maintenance: −$1,388
• − Management: −$1,388
• − Depreciation: −$3,055
• Taxable income: $4,428
• Est. tax owed @ 24.0%: −$1,063
• After-tax cash flow: $4,827/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

+145.0% since first listed

5 events — show timeline

• 2026-04-30 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-29 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-19 Listed $44,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-19 Sold (MLS) $44,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.0%/yr

Latest (2025): $680 · +13.0% YoY. Source: county tax records.