7024 Mayfield Dr · Jasmine Estates, FL 34668

$185,000

2 bd · 2.0 ba · 1,092 sqft · SingleFamily public records · 4 Days on market

Built 1973 5,100 sqft lot Est $239k · 23% 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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +4.3/10.0
• 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

Check out this One Owner house since 1973. A 2 Bedroom, 2 full size baths (shower in one) 1 Car Garage in a Non-Flood Zone. Living Room, Dining Room Combo, Florida/or Family Room and Screened Porch. Backyard partially fenced. Great for 1st time home buyer or investor looking for their next remodel. Inside does need updating. Air Conditioning 2023 - New Hot Water Heater 2024. A new roof is more than likely needed. No HOA and X Flood Zone. Check it out.

Key facts

• 5,100 sq ft lot
• Garage
• Built 1973

Property features AI

Finance

• Other: Zoning: R4; Property type: Residential — Single family residence; Living area approximately 1092 (public record); total building area reported as 1404; Lot size reported as approximately 0.12 acres (0 to less than 1/4 acre)
• HOA & community: No HOA/association

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single family residence; One story; Homes faces northeast; Homestead property
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.12-acre lot
• Exterior features: Awnings; Chain link fencing; Paved road access

Interior

• Kitchen: Range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Window shades
• Laundry & utility: Laundry located in the garage

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $258 ($3k/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 $172k (7.0% below list).
• Recommended offer: $172k (7.0% below list) — sets the bar for 1% rule.
• Cap rate 8.0% 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 23d 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 44% 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 $6k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,125 (7.0% below list)

Questions for the listing agent

1. Built in 1973 — 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: 0.93% ✗
• Cap rate: 7.97%
• Cash-on-cash: 5.98%
• DSCR: 1.27
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $239,148
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9405 Gableton Ln	0.40mi	2/2.0	1,133 (+4%)	1mo	$250,000	$221	74
7321 Parrot Dr	0.34mi	2/1.5	1,043 (-4%)	3mo	$235,000	$225	72
9330 Saint Regis Ln	0.28mi	3/1.0 (+1)	1,040 (-5%)	1mo	$227,500	$219	70
7231 Oak Crest Dr	0.67mi	2/2.0	1,100 (+1%)	2mo	$194,900	$177	65
7340 Westcott Dr	0.47mi	3/2.0 (+1)	1,144 (+5%)	2mo	$225,000	$197	63
9300 W Cochise Ln	0.38mi	3/2.0 (+1)	1,187 (+9%)	1mo	$239,900	$202	62
9240 Sterling Ln	0.33mi	2/2.0	1,232 (+13%)	2mo	$175,000	$142	62
6923 Tierra Verde St	0.24mi	3/2.0 (+1)	1,251 (+15%)	4mo	$275,000	$220	56
10018 Kingswood Ln	0.52mi	3/2.0 (+1)	1,222 (+12%)	2mo	$264,900	$217	50
7303 Oak Crest Dr	0.69mi	3/2.0 (+1)	1,172 (+7%)	3mo	$280,000	$239	49
10114 Old Orchard Ln	0.54mi	3/1.5 (+1)	986 (-10%)	4mo	$240,000	$243	49
7236 San Carlos Dr	0.54mi	3/2.0 (+1)	1,239 (+14%)	5mo	$215,000	$174	43

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: -8.8%
• Equity multiple: 0.68×
• Total profit: $-16,549
• Equity at exit: $27,584

10-year hold

• IRR: -1.6%
• Equity multiple: 0.90×
• Total profit: $-5,186
• Equity at exit: $15,995

Cash invested: $51,800 (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: 9.0×

Monthly cashflow live

• Estimated rent: $1,721 high
• Mortgage (P&I): −$970
• Tax from tax record: −$54 /mo · $653/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $258

Break-even live

Break-even rent $1,394

Max offer price $185,000

Occupancy floor 80%

Sensitivity live

Price	-10% $363	-5% $310	+0% $258	+5% $206	+10% $153
Rent	-10% $122	-5% $190	+0% $258	+5% $326	+10% $394
Rate	-1.0pp $351	-0.5pp $305	base $258	+0.5pp $210	+1.0pp $161

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7015 Ingleside Dr Port Richey, FL	3.0	2.0	1243	$2,065	$1.66	0d	1	0.09mi
6935 Twilite Dr Port Richey, FL	2.0	1.0	1032	$1,450	$1.41	17d	1	0.16mi
6920 Tierra Verde St Port Richey, FL	3.0	2.0	1478	$1,850	$1.25	25d	1	0.20mi
7224 Potomac Dr Port Richey, FL	3.0	2.0	1208	$1,595	$1.32	25d	1	0.22mi
9425 Saint Regis Ln Port Richey, FL	2.0	2.0	1380	$1,700	$1.23	25d	1	0.25mi
7301 Moravian Dr Port Richey, FL	3.0	2.0	1325	$1,806	$1.36	5d	1	0.26mi
7040 Brentwood Dr Unit NA Port Richey, FL	2.0	1.0	880	$1,600	$1.82	21d	1	0.27mi
7325 Ivanhoe Dr Port Richey, FL	3.0	1.0	984	$1,800	$1.83	11d	1	0.29mi
7034 Coral Reef Dr Port Richey, FL	3.0	2.0	1325	$1,795	$1.35	25d	1	0.33mi
9304 Saint Regis Ln Port Richey, FL	2.0	2.0	1356	$1,550	$1.14	22d	1	0.36mi
6831 Tierra Linda St Port Richey, FL	3.0	2.0	1478	$1,595	$1.08	25d	1	0.37mi
10110 Cherry Creek Ln Port Richey, FL	3.0	1.0	1260	$1,500	$1.19	0d	1	0.49mi
9211 Chatam Ln Port Richey, FL	3.0	2.0	1176	$2,215	$1.88	21d	1	0.60mi
9741 Scenic Dr Port Richey, FL	3.0	2.0	1246	$1,800	$1.44	4d	1	0.61mi
9035 Cochise Ln Port Richey, FL	3.0	2.0	1095	$1,395	$1.27	15d	1	0.61mi
9110 Saint Clair Ln Port Richey, FL	2.0	2.0	730	$2,100	$2.88	25d	1	0.62mi
9130 Chatam Ln Port Richey, FL	2.0	2.0	1212	$1,623	$1.34	22d	1	0.65mi
9202 Suffolk Ln Port Richey, FL	2.0	2.0	1038	$1,450	$1.40	25d	1	0.66mi
9202 Suffolk Ln Port Richey, FL	2.0	2.0	1038	$1,450	$1.40	15d	1	0.66mi
6740 Moonglow Dr #201 Port Richey, FL	2.0	2.0	1008	$1,500	$1.49	0d	1	0.66mi
7605 Embassy Blvd Port Richey, FL	3.0	2.0	1278	$2,350	$1.84	13d	1	0.67mi
7605 Embassy Blvd Unit 1 Port Richey, FL	3.0	2.0	1469	$2,350	$1.60	25d	1	0.67mi
7501 San Moritz Dr Port Richey, FL	3.0	2.0	1412	$1,600	$1.13	25d	1	0.69mi
7435 San Miguel Dr Port Richey, FL	2.0	2.0	1136	$1,500	$1.32	21d	1	0.74mi
9826 Pocono St Port Richey, FL	2.0	2.0	1072	$1,650	$1.54	25d	1	0.75mi
6431 Citation Dr Port Richey, FL	3.0	1.0	1009	$1,681	$1.67	5d	1	0.77mi
9981 Eagles Point Cir #4 Port Richey, FL	2.0	2.0	1320	$1,850	$1.40	25d	1	0.78mi
9210 Pegasus Ave Port Richey, FL	2.0	1.5	768	$1,400	$1.82	5d	1	0.79mi
9105 Hermitage Ln Port Richey, FL	3.0	2.0	1442	$1,900	$1.32	25d	1	0.83mi
9901 Aquarius Dr Unit 8 Port Richey, FL	2.0	1.0	950	$1,440	$1.52	25d	1	0.87mi
9911 Aquarius Dr Unit 8 Port Richey, FL	2.0	1.0	950	$1,440	$1.52	25d	1	0.88mi
10401 Oleander Dr Port Richey, FL	2.0	1.0	887	$1,250	$1.41	25d	1	0.88mi
9919 Aquarius Dr Unit 6 Port Richey, FL	2.0	1.0	950	$1,440	$1.52	25d	1	0.89mi
9100 Hunt Club Ln Port Richey, FL	2.0	2.0	1365	$1,850	$1.36	22d	1	0.89mi
9900 Grace Dr Port Richey, FL	2.0	1.5	950	$1,763	$1.86	25d	1	0.90mi
9615 Gray Fox Ln Port Richey, FL	2.0	1.0	744	$1,550	$2.08	4d	1	0.90mi
9820 Rainbow Ln Port Richey, FL	2.0	1.0	1300	$1,325	$1.02	15d	1	0.90mi
9926 Grace Dr Port Richey, FL	2.0	1.0	950	$1,442	$1.52	21d	4	0.90mi
7125 Sandalwood Dr Port Richey, FL	2.0	2.0	1324	$1,681	$1.27	5d	1	0.92mi
9910 Island Harbor Dr Unit A Port Richey, FL	2.0	2.0	1498	$2,500	$1.67	25d	1	0.97mi

Listing history 5 events

1. 2026-06-07
   statusdays on market $185,000 Pending 4 DOM
2. 2026-06-04
   days on market $185,000 Active 3 DOM
3. 2026-06-03
   days on market $185,000 Active 2 DOM
4. 2026-06-02
   remarks 458-char remark
5. 2026-06-02
   listed $185,000 Active 1 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: $653 · $54/mo
• Projected year-2 tax: $1,536 · $128/mo
• Expected delta: +$883/yr (+$74/mo · 135.2%)

ⓘ 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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 25 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: $20,655
• − Mortgage interest: −$10,363
• − Property taxes: −$653
• − Insurance: −$925
• − Repairs & maintenance: −$1,652
• − Management: −$1,652
• − Depreciation: −$5,382
• Taxable income: $28
• Est. tax owed @ 24.0%: −$7
• After-tax cash flow: $3,091/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

1 event — show timeline

• 2026-06-01 Listed $185,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.2%/yr

Latest (2025): $653 · +4.4% YoY. Source: county tax records.