6519 Margaret Dr · Bayonet Point, FL 34668

$72,999

2 bd · 2.0 ba · 672 sqft · Manufactured public records · 51 Days on market

Built 1969 5,500 sqft lot Est $54k · 36% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• 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

Welcome to 6519 Margaret Dr in Port Richey, Florida — a beautifully remodeled mobile home offering modern updates and excellent value. This home has been thoughtfully upgraded with refreshed finishes and a move-in-ready interior, making it a great option for a primary residence, vacation home, or investment property. Conveniently located near local shopping, dining, and Gulf Coast attractions. Cash only sale. More photos coming soon — schedule your showing today and be among the first to view this updated property!

Key facts

• 5,500 sq ft lot
• Parking
• Built 1969

Property features AI

Finance

• Other: Lot is approximately 0.13 acre (paved road access)
• Financial info: No lease restrictions reported
• HOA & community: Not in an association; Located in a senior community

Exterior

• Parking: Has carport (1 space)
• Security: No security features listed
• Utilities: Public water; Septic tank; Electricity available
• Home design: Residential mobile home (single wide); One story; Faces south
• Construction: Metal siding; Other roof; Other foundation; Built on a single level
• Exterior features: Outdoor lighting

Interior

• Kitchen: No appliances listed
• Bedrooms: 2 bedrooms
• Flooring: Other flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: No heating; Mini-split cooling unit(s)
• Interior features: No notable interior features listed
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $73k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $73k).
• Recommended offer: $71k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.4% 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 rising (+1.3%/yr); 577 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 33% 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 $504 of loan paydown is wiped out by about $2k 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 51 days — a 3% lower offer ($71k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,809 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.80% ✓
• Cap rate: 15.44%
• Cash-on-cash: 32.67%
• DSCR: 2.45
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $53,760
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6515 Margaret Dr	0.01mi	2/1.0	672 (0%)	8mo	$50,000	$74	88
6506 Cathy Dr	0.11mi	2/1.0	689 (+2%)	14mo	$55,000	$80	75
7215 Lofty Dr	0.70mi	2/1.5	672 (0%)	7mo	$94,900	$141	60
6612 Roosevelt Dr	0.67mi	1/1.0 (-1)	576 (-14%)	11mo	$17,000	$30	26

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: -7.5%
• Equity multiple: 0.73×
• Total profit: $-5,528
• Equity at exit: $10,884

10-year hold

• IRR: -1.6%
• Equity multiple: 0.90×
• Total profit: $-1,946
• Equity at exit: $6,312

Cash invested: $20,440 (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: 4.6×

Monthly cashflow live

• Estimated rent: $1,316 medium
• Mortgage (P&I): −$383
• Tax from tax record: −$70 /mo · $837/yr
• Insurance: −$30
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $130

Break-even live

Break-even rent $1,151

Max offer price $72,999

Occupancy floor 85%

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: $18,250
• Closing costs: $2,190
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11430 Rohrman Rd Port Richey, FL	1.0	1.0	700	$1,000	$1.43	5d	1	0.14mi
7213 Seward Dr Port Richey, FL	2.0	1.0	700	$1,500	$2.14	24d	1	0.75mi
7110 Tudor Ln Port Richey, FL	1.0	1.0	676	$1,310	$1.94	2d	1	0.93mi
7110 Tudor Ln Port Richey, FL	1.0	1.0	676	$1,310	$1.94	24d	1	0.93mi

Listing history 24 events

1. 2026-06-18
   days on market $72,999 Active 51 DOM
2. 2026-06-17
   days on market $72,999 Active 50 DOM
3. 2026-06-16
   days on market $72,999 Active 49 DOM
4. 2026-06-15
   days on market $72,999 Active 48 DOM
5. 2026-06-13
   pricedays on market $72,999 Active 46 DOM
6. 2026-06-09
   days on market $75,000 Active 42 DOM
7. 2026-06-08
   days on market $75,000 Active 41 DOM
8. 2026-06-07
   days on market $75,000 Active 40 DOM
9. 2026-06-04
   days on market $75,000 Active 37 DOM
10. 2026-06-03
    days on market $75,000 Active 36 DOM
11. 2026-06-02
    days on market $75,000 Active 35 DOM
12. 2026-06-01
    days on market $75,000 Active 34 DOM
13. 2026-05-31
    days on market $75,000 Active 33 DOM
14. 2026-04-29
    listed $75,000 Active
15. 2024-09-19
    historical
16. 2024-08-14
    status Active
17. 2024-08-07
    status Pending
18. 2024-05-12
    listed $199,999 Active
19. 2023-11-01
    soldstatus $75,000
20. 2023-10-27
    listed $75,000
21. 2007-04-20
    soldstatus $31,500
22. 2007-02-15
    listed $36,900
23. 2006-07-06
    soldstatus $12,500
24. 2006-05-05
    listed $19,900

ⓘ 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: $837 · $70/mo
• Projected year-2 tax: $837 · $70/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥114°F today · 22 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: $15,788
• − Mortgage interest: −$4,089
• − Property taxes: −$837
• − Insurance: −$5,483
• − Repairs & maintenance: −$1,263
• − Management: −$1,263
• − Depreciation: −$2,124
• Taxable income: $729
• Est. tax owed @ 24.0%: −$175
• After-tax cash flow: $1,383/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

• 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

+276.9% since first listed

11 events — show timeline

• 2026-04-29 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-08-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-08-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-12 Listed $199,999 Stellar MLS as Distributed by MLS Grid
• 2023-11-01 Sold (Public Records) $75,000 Public Records
• 2023-10-27 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2007-04-20 Sold (MLS) $31,500 Stellar MLS as Distributed by MLS Grid
• 2007-02-15 Listed $36,900 Stellar MLS as Distributed by MLS Grid
• 2006-07-06 Sold (MLS) $12,500 Stellar MLS as Distributed by MLS Grid
• 2006-05-05 Listed $19,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+14.5%/yr

Latest (2025): $837 · +1.1% YoY. Source: county tax records.