9931 Golden Loop · River Ridge, FL 34654

$199,000

2 bd · 2.0 ba · 923 sqft · SingleFamily public records · 30 Days on market

Built 1975 0.29 ac lot

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Why this score? — see what drove the D+ 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 +17.1/30.0
• ARV discount +7.5/15.0
• DSCR +5.3/10.0
• Schools +4.3/10.0
• 1% rule +3.6/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

AMAZING LOCATION!!! SO TRANQUIL!!! NO CDD FEES! NO HOA! NO DEED RESTRICTIONS! This 2br/1.5 ba/1 car garage in desirable Golden Acres area is a must see!!! Home features: large fully fenced-in back yard, additional detached rear 1-car metal garage, back yard shed for storage, newer flooring, eat-in kitchen, updated bathroom with shower stall, inside laundry room, outside deck with fire-pit, side garage door entry, roof and A/C was replaced approximately 8-10 years ago, and so much more!!! House is on Septic and Well water! Close to hospitals, shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, famous Weeki Wachee State Park home of the Mermaids, world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME ENJOY FLORIDA’S LIFESTYLE AT ITS BEST!!!

Key facts

• Huge shed
• Spacious lot
• No deed restrictions

Tags

• SPACIOUS LOT
• HUGE SHED
• ADDITIONAL STORAGE SHED
• OVERSIZE ABOVE-GROUND POOL
• NO DEED RESTRICTIONS

Property features AI

Finance

• Other: Lot roughly 0.29 acres (about 1/4 to less than 1/2 acre); Paved/asphalt road access; Zoned AR (agricultural/residential)
• Financial info: Property is homestead exempt; No lease restrictions indicated
• HOA & community: No association (no HOA)

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water; Septic tank sewer; Broadband/high-speed internet available; Cable available; Electricity connected; Water connected
• Home design: Single family residence; Single-story (one level); East-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built area approximately 1,563 total building area
• Exterior features: Above-ground private pool; Exterior storage

Interior

• Kitchen: Range; Refrigerator; Eat-in kitchen layout
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Eat-in kitchen; 5 total rooms
• Laundry & utility: Washer; Dryer; Indoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $15 ($176/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 $171k (14.3% below list).
• Recommended offer: $171k (14.3% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 3.5% in River Ridge — 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 (#559 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: amenities F, commute F, health & safety 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 (-1.9%/yr); 353 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 6,765 units permitted in Pasco County in 2024 (1,250 in 5+ unit buildings).

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

• It's been on market 30 days — a 2% lower offer ($196k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $170,578 (14.3% below list)

Questions for the listing agent

1. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
6. 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.
7. 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.
8. 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: 0.86% ✗
• Cap rate: 7.14%
• Cash-on-cash: 3.01%
• DSCR: 1.13
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.35×
• Total profit: $-36,313
• Equity at exit: $29,672

10-year hold

• IRR: -19.3%
• Equity multiple: 0.11×
• Total profit: $-49,739
• Equity at exit: $17,206

Cash invested: $55,720 (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 34654

• Home prices YoY: -12.7%
• Rents YoY: -1.9%
• Active inventory: 353
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,706 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$81 /mo · $975/yr
• Insurance: −$83
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $15

Break-even live

Break-even rent $1,687

Max offer price $199,000

Occupancy floor 94%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8437 Luray Dr Port Richey, FL	2.0	1.0	1038	$1,595	$1.54	4d	1	1.49mi

Listing history 19 events

1. 2026-06-18
   days on market $199,000 Active 30 DOM
2. 2026-06-17
   statusdays on market $199,000 Active 29 DOM
3. 2026-06-13
   statusdays on market $199,000 Pending 28 DOM
4. 2026-06-09
   pricedays on market $199,000 Active 25 DOM
5. 2026-06-08
   days on market $229,000 Active 24 DOM
6. 2026-06-07
   days on market $229,000 Active 23 DOM
7. 2026-06-04
   days on market $229,000 Active 20 DOM
8. 2026-06-03
   days on market $229,000 Active 19 DOM
9. 2026-06-02
   days on market $229,000 Active 18 DOM
10. 2026-06-01
    days on market $229,000 Active 17 DOM
11. 2026-05-31
    days on market $229,000 Active 16 DOM
12. 2026-05-15
    listed $229,000 Active
13. 2024-02-29
    soldstatus $209,000 Closed 895-char remark

    Show marketing remark (895 chars)

    AMAZING LOCATION!!! SO TRANQUIL!!! NO CDD FEES! NO HOA! NO DEED RESTRICTIONS! This 2br/1.5 ba/1 car garage in desirable Golden Acres area is a must see!!! Home features: large fully fenced-in back yard, additional detached rear 1-car metal garage, back yard shed for storage, newer flooring, eat-in kitchen, updated bathroom with shower stall, inside laundry room, outside deck with fire-pit, side garage door entry, roof and A/C was replaced approximately 8-10 years ago, and so much more!!! House is on Septic and Well water! Close to hospitals, shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, famous Weeki Wachee State Park home of the Mermaids, world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME ENJOY FLORIDA’S LIFESTYLE AT ITS BEST!!!

14. 2024-02-29
    soldstatus $209,000

    Show marketing remark (895 chars)

    AMAZING LOCATION!!! SO TRANQUIL!!! NO CDD FEES! NO HOA! NO DEED RESTRICTIONS! This 2br/1.5 ba/1 car garage in desirable Golden Acres area is a must see!!! Home features: large fully fenced-in back yard, additional detached rear 1-car metal garage, back yard shed for storage, newer flooring, eat-in kitchen, updated bathroom with shower stall, inside laundry room, outside deck with fire-pit, side garage door entry, roof and A/C was replaced approximately 8-10 years ago, and so much more!!! House is on Septic and Well water! Close to hospitals, shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, famous Weeki Wachee State Park home of the Mermaids, world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME ENJOY FLORIDA’S LIFESTYLE AT ITS BEST!!!

15. 2024-02-06
    status Pending 895-char remark

    Show marketing remark (895 chars)

    AMAZING LOCATION!!! SO TRANQUIL!!! NO CDD FEES! NO HOA! NO DEED RESTRICTIONS! This 2br/1.5 ba/1 car garage in desirable Golden Acres area is a must see!!! Home features: large fully fenced-in back yard, additional detached rear 1-car metal garage, back yard shed for storage, newer flooring, eat-in kitchen, updated bathroom with shower stall, inside laundry room, outside deck with fire-pit, side garage door entry, roof and A/C was replaced approximately 8-10 years ago, and so much more!!! House is on Septic and Well water! Close to hospitals, shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, famous Weeki Wachee State Park home of the Mermaids, world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME ENJOY FLORIDA’S LIFESTYLE AT ITS BEST!!!

16. 2024-01-30
    price $224,900 895-char remark

    Show marketing remark (895 chars)

    AMAZING LOCATION!!! SO TRANQUIL!!! NO CDD FEES! NO HOA! NO DEED RESTRICTIONS! This 2br/1.5 ba/1 car garage in desirable Golden Acres area is a must see!!! Home features: large fully fenced-in back yard, additional detached rear 1-car metal garage, back yard shed for storage, newer flooring, eat-in kitchen, updated bathroom with shower stall, inside laundry room, outside deck with fire-pit, side garage door entry, roof and A/C was replaced approximately 8-10 years ago, and so much more!!! House is on Septic and Well water! Close to hospitals, shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, famous Weeki Wachee State Park home of the Mermaids, world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME ENJOY FLORIDA’S LIFESTYLE AT ITS BEST!!!

17. 2024-01-03
    price $229,900 895-char remark

    Show marketing remark (895 chars)

    AMAZING LOCATION!!! SO TRANQUIL!!! NO CDD FEES! NO HOA! NO DEED RESTRICTIONS! This 2br/1.5 ba/1 car garage in desirable Golden Acres area is a must see!!! Home features: large fully fenced-in back yard, additional detached rear 1-car metal garage, back yard shed for storage, newer flooring, eat-in kitchen, updated bathroom with shower stall, inside laundry room, outside deck with fire-pit, side garage door entry, roof and A/C was replaced approximately 8-10 years ago, and so much more!!! House is on Septic and Well water! Close to hospitals, shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, famous Weeki Wachee State Park home of the Mermaids, world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME ENJOY FLORIDA’S LIFESTYLE AT ITS BEST!!!

18. 2023-10-11
    listed $239,900 Active 895-char remark

    Show marketing remark (895 chars)

    AMAZING LOCATION!!! SO TRANQUIL!!! NO CDD FEES! NO HOA! NO DEED RESTRICTIONS! This 2br/1.5 ba/1 car garage in desirable Golden Acres area is a must see!!! Home features: large fully fenced-in back yard, additional detached rear 1-car metal garage, back yard shed for storage, newer flooring, eat-in kitchen, updated bathroom with shower stall, inside laundry room, outside deck with fire-pit, side garage door entry, roof and A/C was replaced approximately 8-10 years ago, and so much more!!! House is on Septic and Well water! Close to hospitals, shops, restaurants, easy commute to and from Sun Coast/Veteran’s Highway, famous Weeki Wachee State Park home of the Mermaids, world-famous beaches, golf courses, Busch Gardens, culture and sport events in the Tampa and St. Petersburg area. Tampa airport and Tarpon Springs, Sponge Docks. COME ENJOY FLORIDA’S LIFESTYLE AT ITS BEST!!!

19. 1999-10-04
    soldstatus $54,000

ⓘ 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: $975 · $81/mo
• Projected year-2 tax: $1,652 · $138/mo
• Expected delta: +$677/yr (+$56/mo · 69.5%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 26 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: $20,469
• − Mortgage interest: −$11,147
• − Property taxes: −$975
• − Insurance: −$2,498
• − Repairs & maintenance: −$1,638
• − Management: −$1,638
• − Depreciation: −$5,789
• Taxable loss: −$3,214
• Est. tax savings @ 24.0%: +$771
• After-tax cash flow: $947/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 — River Ridge

• Score: 67/100
• State rank: #559
• US rank: #10695

Category grades

Amenities F Commute F Cost of living A- Crime A- Employment B- Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pasco County · 524,098 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 24,355
• Household income: $73,947
• Rent vs Own: 20.0% rent · 80.0% own
• Severe rent burden: 179.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 7% Black 3% Asian 2%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Romanian 4% Slovak 2% Italian 2%
• Foreign-born: 7% · Canada, China, Jamaica
• Languages at home: 88% English-only · Spanish 5% Russian/Polish/Slavic 2% Other Indo-European 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: ▼ -42.63%
• Current HPI: 294.4358
• Rent YoY: ▼ -1.85%
• 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

+324.1% since first listed

8 events — show timeline

• 2026-05-15 Listed $229,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-29 Sold (Public Records) $209,000 Public Records
• 2024-02-29 Sold (MLS) $209,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-01-30 Price Changed $224,900 Stellar MLS as Distributed by MLS Grid
• 2024-01-03 Price Changed $229,900 Stellar MLS as Distributed by MLS Grid
• 2023-10-11 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 1999-10-04 Sold (Public Records) $54,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $975 · -16.1% YoY. Source: county tax records.