12200 Bonanza Dr · Bayonet Point, FL 34667

$99,900

2 bd · 2.0 ba · 720 sqft · Manufactured public records · 479 Days on market

Built 1974 4,319 sqft lot Est $116k · 14% under $20/mo HOA · 1% 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 +13.7/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Welcome to Ponderosa Park - a vibrant 55+ community where you own your land so there is no lot rent, and the HOA fees are refreshingly low compared to nearby alternatives. Enjoy the relaxed Florida lifestyle with access to community amenities, including a sparkling swimming pool and a clubhouse with shuffleboard. This move-in ready, meticulously maintained single wide 2-bedroom, 2-bathroom home offers extra living space with a bump-out living room and a convenient office/ den. Park and store your car with ease under the covered parking area and take advantage of the large storage area, currently utilized for on site laundry, and tools and garage items. You'll love the additional sunroom, complete with vinyl windows, allowing you to bask in the Florida weather year-round. Not only is this gem offered completely furnished, but it also boasts a maintenance-free lot with charming landscaping rock, making it an ideal snowbird destination. Just bring your suitcases, and you're ready to settle into this lovely abode. Embrace the true Florida experience with this home's enviable location, being within a mere ten minutes' drive of stunning public beaches on the Gulf of Mexico. Enjoy the sun and the sand to your heart's content, with world-class destinations like Clearwater Beach and St. Pete Beach just a stone's throw away. Conveniently located less than a 45-minute drive from Tampa International Airport, this home still offers easy access for your travel needs. Don't miss the opportunity to call this delightful manufactured home yours. Act fast, as homes in this community are selling quickly!

Key facts

• 4,319 sq ft lot
• Parking
• Built 1974

Property features AI

Finance

• Other: Total acreage: less than 1/4 acre (approx. 0.1 acre); Paved road access
• Financial info: Lease restrictions apply
• HOA & community: Has HOA (Ponderosa Park) with required approval; Annual association fee $250 (monthly equivalent $20.83); Senior community; Pets allowed

Exterior

• Parking: Has carport; 1 carport space
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Water connected; Sewer connected
• Home design: Residential mobile home (single wide); One story; Faces west; Entry on one level
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built as single wide mobile home
• Exterior features: Outdoor lighting; Storage; Other exterior features

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Other flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Heat pump; Central air
• Interior features: Ceiling fans; Kitchen/family room combo; Split bedroom layout; Thermostat; Window treatments
• Laundry & utility: Dedicated laundry room; Other laundry features

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $88k (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); 790 active listings in the ZIP; 4 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 36% 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 $691 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 $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 479 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 3y ago; this cycle's ask has dropped $35k (26%) 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 $87,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 479 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 1.52% ✓
• Cap rate: 11.92%
• Cash-on-cash: 20.09%
• DSCR: 1.89
• GRM: 5.5

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
12107 Longhorn Dr	0.08mi	2/1.0	672 (-7%)	10mo	$107,900	$161	73
12308 Longhorn Dr	0.14mi	2/1.5	784 (+9%)	11mo	$110,000	$140	68
7114 Jeanne Ave	0.32mi	2/1.0	744 (+3%)	11mo	$65,000	$87	66
7408 Cynthia Ct	0.32mi	2/1.0	636 (-12%)	8mo	$160,000	$252	55

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: 8.7%
• Equity multiple: 1.33×
• Total profit: $9,238
• Equity at exit: $14,895

10-year hold

• IRR: 15.1%
• Equity multiple: 2.05×
• Total profit: $29,445
• Equity at exit: $8,638

Cash invested: $27,972 (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: 790
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,519 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$146 /mo · $1,757/yr
• Insurance: −$42
• HOA: −$20
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $468

Break-even live

Break-even rent $926

Max offer price $99,900

Occupancy floor 64%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13113 Bartow St Hudson, FL	2.0	1.0	528	$1,190	$2.25	24d	1	1.01mi
7213 Seward Dr Port Richey, FL	2.0	1.0	700	$1,500	$2.14	24d	1	1.03mi
11430 Rohrman Rd Port Richey, FL	1.0	1.0	700	$1,000	$1.43	4d	1	1.06mi
12221 Holbrook Dr Bayonet Point, FL	1.0–2.0	1.0–2.0	761	$1,685	$2.21	1d	59	1.44mi

HOA detail

• Monthly dues: $20 · $240/yr
• Likely covers: waterlandscapingpool

Listing history 35 events

1. 2026-06-18
   days on market $99,900 Active 479 DOM
2. 2026-06-17
   days on market $99,900 Active 478 DOM
3. 2026-06-16
   days on market $99,900 Active 477 DOM
4. 2026-06-15
   days on market $99,900 Active 476 DOM
5. 2026-06-13
   days on market $99,900 Active 474 DOM
6. 2026-06-09
   days on market $99,900 Active 470 DOM
7. 2026-06-08
   days on market $99,900 Active 469 DOM
8. 2026-06-07
   days on market $99,900 Active 468 DOM
9. 2026-06-04
   days on market $99,900 Active 465 DOM
10. 2026-06-03
    days on market $99,900 Active 464 DOM
11. 2026-06-02
    days on market $99,900 Active 463 DOM
12. 2026-06-01
    days on market $99,900 Active 462 DOM
13. 2026-05-31
    days on market $99,900 Active 461 DOM
14. 2026-05-21
    status Active
15. 2026-05-20
    historical
16. 2025-12-24
    status Active
17. 2025-12-17
    historical
18. 2025-09-19
    status Active
19. 2025-07-29
    status Pending
20. 2025-06-28
    status Active
21. 2025-06-28
    price $99,900
22. 2025-06-20
    status Pending
23. 2025-06-19
    status Active
24. 2025-06-10
    historical
25. 2025-04-29
    price $112,000
26. 2025-03-04
    price $129,900
27. 2024-12-10
    listed $134,900 Active
28. 2023-10-26
    soldstatus $120,000
29. 2023-10-23
    soldstatus $120,000 Closed 1611-char remark

    Show marketing remark (1611 chars)

    Welcome to Ponderosa Park - a vibrant 55+ community where you own your land so there is no lot rent, and the HOA fees are refreshingly low compared to nearby alternatives. Enjoy the relaxed Florida lifestyle with access to community amenities, including a sparkling swimming pool and a clubhouse with shuffleboard. This move-in ready, meticulously maintained single wide 2-bedroom, 2-bathroom home offers extra living space with a bump-out living room and a convenient office/ den. Park and store your car with ease under the covered parking area and take advantage of the large storage area, currently utilized for on site laundry, and tools and garage items. You'll love the additional sunroom, complete with vinyl windows, allowing you to bask in the Florida weather year-round. Not only is this gem offered completely furnished, but it also boasts a maintenance-free lot with charming landscaping rock, making it an ideal snowbird destination. Just bring your suitcases, and you're ready to settle into this lovely abode. Embrace the true Florida experience with this home's enviable location, being within a mere ten minutes' drive of stunning public beaches on the Gulf of Mexico. Enjoy the sun and the sand to your heart's content, with world-class destinations like Clearwater Beach and St. Pete Beach just a stone's throw away. Conveniently located less than a 45-minute drive from Tampa International Airport, this home still offers easy access for your travel needs. Don't miss the opportunity to call this delightful manufactured home yours. Act fast, as homes in this community are selling quickly!

30. 2023-10-06
    status Pending 1611-char remark

    Show marketing remark (1611 chars)

    Welcome to Ponderosa Park - a vibrant 55+ community where you own your land so there is no lot rent, and the HOA fees are refreshingly low compared to nearby alternatives. Enjoy the relaxed Florida lifestyle with access to community amenities, including a sparkling swimming pool and a clubhouse with shuffleboard. This move-in ready, meticulously maintained single wide 2-bedroom, 2-bathroom home offers extra living space with a bump-out living room and a convenient office/ den. Park and store your car with ease under the covered parking area and take advantage of the large storage area, currently utilized for on site laundry, and tools and garage items. You'll love the additional sunroom, complete with vinyl windows, allowing you to bask in the Florida weather year-round. Not only is this gem offered completely furnished, but it also boasts a maintenance-free lot with charming landscaping rock, making it an ideal snowbird destination. Just bring your suitcases, and you're ready to settle into this lovely abode. Embrace the true Florida experience with this home's enviable location, being within a mere ten minutes' drive of stunning public beaches on the Gulf of Mexico. Enjoy the sun and the sand to your heart's content, with world-class destinations like Clearwater Beach and St. Pete Beach just a stone's throw away. Conveniently located less than a 45-minute drive from Tampa International Airport, this home still offers easy access for your travel needs. Don't miss the opportunity to call this delightful manufactured home yours. Act fast, as homes in this community are selling quickly!

31. 2023-09-28
    price $124,900 1611-char remark

    Show marketing remark (1611 chars)

    Welcome to Ponderosa Park - a vibrant 55+ community where you own your land so there is no lot rent, and the HOA fees are refreshingly low compared to nearby alternatives. Enjoy the relaxed Florida lifestyle with access to community amenities, including a sparkling swimming pool and a clubhouse with shuffleboard. This move-in ready, meticulously maintained single wide 2-bedroom, 2-bathroom home offers extra living space with a bump-out living room and a convenient office/ den. Park and store your car with ease under the covered parking area and take advantage of the large storage area, currently utilized for on site laundry, and tools and garage items. You'll love the additional sunroom, complete with vinyl windows, allowing you to bask in the Florida weather year-round. Not only is this gem offered completely furnished, but it also boasts a maintenance-free lot with charming landscaping rock, making it an ideal snowbird destination. Just bring your suitcases, and you're ready to settle into this lovely abode. Embrace the true Florida experience with this home's enviable location, being within a mere ten minutes' drive of stunning public beaches on the Gulf of Mexico. Enjoy the sun and the sand to your heart's content, with world-class destinations like Clearwater Beach and St. Pete Beach just a stone's throw away. Conveniently located less than a 45-minute drive from Tampa International Airport, this home still offers easy access for your travel needs. Don't miss the opportunity to call this delightful manufactured home yours. Act fast, as homes in this community are selling quickly!

32. 2023-07-28
    listed $134,900 Active 1611-char remark

    Show marketing remark (1611 chars)

    Welcome to Ponderosa Park - a vibrant 55+ community where you own your land so there is no lot rent, and the HOA fees are refreshingly low compared to nearby alternatives. Enjoy the relaxed Florida lifestyle with access to community amenities, including a sparkling swimming pool and a clubhouse with shuffleboard. This move-in ready, meticulously maintained single wide 2-bedroom, 2-bathroom home offers extra living space with a bump-out living room and a convenient office/ den. Park and store your car with ease under the covered parking area and take advantage of the large storage area, currently utilized for on site laundry, and tools and garage items. You'll love the additional sunroom, complete with vinyl windows, allowing you to bask in the Florida weather year-round. Not only is this gem offered completely furnished, but it also boasts a maintenance-free lot with charming landscaping rock, making it an ideal snowbird destination. Just bring your suitcases, and you're ready to settle into this lovely abode. Embrace the true Florida experience with this home's enviable location, being within a mere ten minutes' drive of stunning public beaches on the Gulf of Mexico. Enjoy the sun and the sand to your heart's content, with world-class destinations like Clearwater Beach and St. Pete Beach just a stone's throw away. Conveniently located less than a 45-minute drive from Tampa International Airport, this home still offers easy access for your travel needs. Don't miss the opportunity to call this delightful manufactured home yours. Act fast, as homes in this community are selling quickly!

33. 2010-03-24
    soldstatus $38,360
34. 1999-02-23
    soldstatus $27,000
35. 1994-02-15
    soldstatus $28,000

ⓘ 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: $1,757 · $146/mo
• Projected year-2 tax: $1,757 · $146/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) · 12% 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: $18,232
• − Mortgage interest: −$5,596
• − Property taxes: −$1,757
• − Insurance: −$500
• − Repairs & maintenance: −$1,459
• − Management: −$1,459
• − HOA: −$240
• − Depreciation: −$2,906
• Taxable income: $4,316
• Est. tax owed @ 24.0%: −$1,036
• After-tax cash flow: $4,584/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

+256.8% since first listed

22 events — show timeline

• 2026-05-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-06-28 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-06-28 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-06-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-29 Price Changed $112,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-04 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2024-12-10 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2023-10-26 Sold (Public Records) $120,000 Public Records
• 2023-10-23 Sold (MLS) $120,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-09-28 Price Changed $124,900 Stellar MLS as Distributed by MLS Grid
• 2023-07-28 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2010-03-24 Sold (Public Records) $38,360 Public Records
• 1999-02-23 Sold (Public Records) $27,000 Public Records
• 1994-02-15 Sold (Public Records) $28,000 Public Records

Property tax history

+8.4%/yr

Latest (2025): $1,757 · +6.3% YoY. Source: county tax records.