7216 James St · Bayonet Point, FL 34668

$179,000

2 bd · 1.0 ba · 672 sqft · SingleFamily public records · 44 Days on market

Built 1961 5,110 sqft lot Est $130k · 38% over

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Why this score? — see what drove the F 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 +13.1/30.0
• Schools +4.3/10.0
• DSCR +3.9/10.0
• Livability +3.5/5.0
• 1% rule +3.2/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

We are accepting back up offers on this charming concrete block house that has been the family home for almost 50 years! This Block home has Newer Windows, the AC was installed in October 2016 and is located on a large lot so there is room to expand and is at the end of a Cul-de-Sac with no thru traffic. Bring the pets because the backyard is completely fenced in and bring the toys because there's No Homeowners Association! There room for a 2 car driveway in front so then you can completely enclose the carport or screen it in to make a nice porch. The Eat in Kitchen has wood cabinets, ceramic tile floor with windows overlooking the large, private back yard. So many possibilities! Not in flood zone so no flood insurance is needed. Taxes reflect LAST Years Homesteaded taxes from seller's purchase price from years ago. Taxes will adjust/increase with the new purchase price. Being Sold AS IS.

Key facts

• A/c system
• Updated windows
• Spacious lot

Tags

• CONVENIENT CARPORT
• SPACIOUS LOT
• CUL-DE-SAC
• UPDATED WINDOWS
• A/C SYSTEM
• NO HOA

Property features AI

Finance

• Other: Homestead exempt; Zoned R4; Approximately 0.12 acre lot (corner cul-de-sac); Living area reported as 672 square feet; total building area reported as 1,044 square feet; Number of rooms: 4; Number of septics: 1
• Financial info: No lease restrictions
• HOA & community: No association; Pets allowed: cats and dogs

Exterior

• Parking: Covered parking; On-street parking; 1-car carport
• Security: Security system
• Utilities: Public water; Septic tank sewer; Electricity connected; Water connected; Cable available
• Home design: Single-family residence; One story; North-facing
• Construction: Block construction; Metal, shingle and other roof materials; Slab foundation; Built as completed condition
• Exterior features: Private mailbox; Corner lot; Cul-de-sac location; Street lights in community; Chain link fencing

Interior

• Kitchen: Disposal; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Eat-in kitchen; Thermostat; Blinds; Storage rooms; Security system
• Laundry & utility: Laundry room (includes outside/other access); Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $-6 ($-73/yr) — negative.
• To cash-flow at today's rent, offer at most $178k (0.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $146k (18.2% below list).
• Recommended offer: $146k (18.2% below list) — sets the bar for 1% rule.

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; 4 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 37% 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

• It's been on market 44 days — a 3% lower offer ($174k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $15k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $146,364 (18.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 0.82% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.15%
• DSCR: 0.99
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $129,696
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11134 Taft Dr	0.27mi	2/1.0	676 (+1%)	5mo	$152,500	$226	82
11326 Leisure Ln	0.12mi	2/2.0	672 (0%)	22mo	$69,991	$104	72
7125 Colfax Dr	0.13mi	1/1.0 (-1)	600 (-11%)	7mo	$139,000	$232	66
11114 Pine Tree Ln	0.47mi	2/2.0	672 (0%)	20mo	$130,000	$193	57
7119 Abigail Dr	0.33mi	2/1.0	768 (+14%)	15mo	$138,000	$180	49
12020 Pawnee Dr	0.63mi	2/2.0	732 (+9%)	20mo	$117,000	$160	35
10929 Tioga Dr	0.71mi	2/2.0	756 (+12%)	14mo	$17,000	$22	30
10820 Stamford Dr	0.65mi	2/1.0	768 (+14%)	19mo	$220,000	$286	30

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: -18.4%
• Equity multiple: 0.36×
• Total profit: $-31,906
• Equity at exit: $26,689

10-year hold

• IRR: -14.3%
• Equity multiple: 0.24×
• Total profit: $-38,248
• Equity at exit: $15,477

Cash invested: $50,120 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,464 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$149 /mo · $1,789/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $-6

Break-even live

Break-even rent $1,471

Max offer price $177,930

Occupancy floor 95%

Sensitivity live

Price	-10% $95	-5% $45	+0% $-6	+5% $-57	+10% $-107
Rent	-10% $-122	-5% $-64	+0% $-6	+5% $52	+10% $110
Rate	-1.0pp $84	-0.5pp $39	base $-6	+0.5pp $-52	+1.0pp $-100

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7213 Seward Dr Port Richey, FL	2.0	1.0	700	$1,500	$2.14	25d	1	0.25mi
11430 Rohrman Rd Port Richey, FL	1.0	1.0	700	$1,000	$1.43	6d	1	0.60mi
7110 Tudor Ln Port Richey, FL	1.0	1.0	676	$1,310	$1.94	4d	1	0.73mi
7110 Tudor Ln Port Richey, FL	1.0	1.0	676	$1,310	$1.94	25d	1	0.73mi

Listing history 21 events

1. 2026-06-18
   days on market $179,000 Active 44 DOM
2. 2026-06-17
   days on market $179,000 Active 43 DOM
3. 2026-06-16
   days on market $179,000 Active 42 DOM
4. 2026-06-15
   days on market $179,000 Active 41 DOM
5. 2026-06-13
   pricedays on market $179,000 Active 39 DOM
6. 2026-06-09
   days on market $189,000 Active 35 DOM
7. 2026-06-08
   days on market $189,000 Active 34 DOM
8. 2026-06-07
   days on market $189,000 Active 33 DOM
9. 2026-06-04
   pricedays on market $189,000 Active 30 DOM
10. 2026-06-03
    days on market $194,000 Active 29 DOM
11. 2026-06-02
    days on market $194,000 Active 28 DOM
12. 2026-06-01
    days on market $194,000 Active 27 DOM
13. 2026-05-31
    days on market $194,000 Active 26 DOM
14. 2026-05-05
    listed $194,000 Active
15. 2024-04-15
    historical $1,800
16. 2024-04-05
    listed $1,800
17. 2024-02-23
    soldstatus $183,000
18. 2024-02-16
    soldstatus $183,000 Closed 901-char remark

    Show marketing remark (901 chars)

    We are accepting back up offers on this charming concrete block house that has been the family home for almost 50 years! This Block home has Newer Windows, the AC was installed in October 2016 and is located on a large lot so there is room to expand and is at the end of a Cul-de-Sac with no thru traffic. Bring the pets because the backyard is completely fenced in and bring the toys because there's No Homeowners Association! There room for a 2 car driveway in front so then you can completely enclose the carport or screen it in to make a nice porch. The Eat in Kitchen has wood cabinets, ceramic tile floor with windows overlooking the large, private back yard. So many possibilities! Not in flood zone so no flood insurance is needed. Taxes reflect LAST Years Homesteaded taxes from seller's purchase price from years ago. Taxes will adjust/increase with the new purchase price. Being Sold AS IS.

19. 2024-01-27
    status Pending 901-char remark

    Show marketing remark (901 chars)

    We are accepting back up offers on this charming concrete block house that has been the family home for almost 50 years! This Block home has Newer Windows, the AC was installed in October 2016 and is located on a large lot so there is room to expand and is at the end of a Cul-de-Sac with no thru traffic. Bring the pets because the backyard is completely fenced in and bring the toys because there's No Homeowners Association! There room for a 2 car driveway in front so then you can completely enclose the carport or screen it in to make a nice porch. The Eat in Kitchen has wood cabinets, ceramic tile floor with windows overlooking the large, private back yard. So many possibilities! Not in flood zone so no flood insurance is needed. Taxes reflect LAST Years Homesteaded taxes from seller's purchase price from years ago. Taxes will adjust/increase with the new purchase price. Being Sold AS IS.

20. 2024-01-18
    price $185,000 901-char remark

    Show marketing remark (901 chars)

    We are accepting back up offers on this charming concrete block house that has been the family home for almost 50 years! This Block home has Newer Windows, the AC was installed in October 2016 and is located on a large lot so there is room to expand and is at the end of a Cul-de-Sac with no thru traffic. Bring the pets because the backyard is completely fenced in and bring the toys because there's No Homeowners Association! There room for a 2 car driveway in front so then you can completely enclose the carport or screen it in to make a nice porch. The Eat in Kitchen has wood cabinets, ceramic tile floor with windows overlooking the large, private back yard. So many possibilities! Not in flood zone so no flood insurance is needed. Taxes reflect LAST Years Homesteaded taxes from seller's purchase price from years ago. Taxes will adjust/increase with the new purchase price. Being Sold AS IS.

21. 2024-01-12
    listed $195,000 Active 901-char remark

    Show marketing remark (901 chars)

    We are accepting back up offers on this charming concrete block house that has been the family home for almost 50 years! This Block home has Newer Windows, the AC was installed in October 2016 and is located on a large lot so there is room to expand and is at the end of a Cul-de-Sac with no thru traffic. Bring the pets because the backyard is completely fenced in and bring the toys because there's No Homeowners Association! There room for a 2 car driveway in front so then you can completely enclose the carport or screen it in to make a nice porch. The Eat in Kitchen has wood cabinets, ceramic tile floor with windows overlooking the large, private back yard. So many possibilities! Not in flood zone so no flood insurance is needed. Taxes reflect LAST Years Homesteaded taxes from seller's purchase price from years ago. Taxes will adjust/increase with the new purchase price. Being Sold AS IS.

ⓘ 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: $1,789 · $149/mo
• Projected year-2 tax: $1,789 · $149/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 3/10 Moderate FEMA zone X (unshaded) · 10% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 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: $17,564
• − Mortgage interest: −$10,027
• − Property taxes: −$1,789
• − Insurance: −$895
• − Repairs & maintenance: −$1,405
• − Management: −$1,405
• − Depreciation: −$5,207
• Taxable loss: −$3,164
• Est. tax savings @ 24.0%: +$759
• After-tax cash flow: $687/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): 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

-0.5% since first listed

8 events — show timeline

• 2026-05-05 Listed $194,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-15 Rental Removed $1,800 STELLARMLS
• 2024-04-05 Listed for Rent $1,800 STELLARMLS
• 2024-02-23 Sold (Public Records) $183,000 Public Records
• 2024-02-16 Sold (MLS) $183,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-01-18 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-12 Listed $195,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+24.0%/yr

Latest (2025): $1,789 · +29.7% YoY. Source: county tax records.