6411 W Flanders Ln · Lecanto, FL 34429

$125,000

2 bd · 1.0 ba · 784 sqft · Manufactured public records · 50 Days on market

Built 1986 10,500 sqft lot Est $178k · 30% under

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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 +27.8/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.0/10.0
• Schools +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Totally renovated in 2015, this adorable and affordable partially furnished 1 bedroom, 1 1/2 bath mobile sits on a beautiful lot, fully fenced in. Wood laminate floors in bedroom and living room with ceramic tile flooring in full bath and half bath. Kitchen offers stove, refridgerator and portable dishwasher. Kitchen has a window a/c unit. Home has central heat and air that works fine but is 20 years old. Full bath offers tub/shower combination. Large covered carport with laundry room, exterior shed with well pump replaced in 2021. Private well and septic and well maintained metal roof. Minutes to the crystal clear Hunter Springs, lakes, gulf, fishing, scalloping, boating or nature enthusiast!

Key facts

• Recent updates
• New toilets
• Fully fenced

Tags

• TRIPLE LOT
• FULLY FENCED
• NATURAL SPRINGS
• RECENT UPDATES
• NEW VANITIES
• NEW TOILETS

Property features AI

Exterior

• Parking: 2 parking spaces total; Attached carport; Driveway; Concrete surfaces; Carport
• Utilities: Water: public, private, and well available; Sewer: septic tank
• Home design: Manufactured single-wide home; Residential property; Subdivision: Crystal Heights
• Construction: Metal roof
• Exterior features: Chain-link fenced yard; Shed(s); Paved road access; No pool

Interior

• Kitchen: Microwave; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Ductless cooling; Heating present
• Interior features: Tile counters; Microwave; Refrigerator

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $-45 ($-540/yr) — negative.
• To cash-flow at today's rent, offer at most $117k (6.4% below list).
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $117k (6.4% below list) — sets the bar for cash-flow.
• Cap rate 10.0% vs local median 5.2% in Lecanto — 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 64/100 on livability (#680 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, crime B; Watch: health & safety C-, employment D, amenities F.
• Citrus (rural): math 49% / reading 50% proficiency, ranked #44 of 73 in FL (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rock Crusher Elementary School (math 70% / reading 56%, grade B, #582 of 2,144 statewide, top 28%, 665 students, 68% FRL); Crystal River Middle School (math 49% / reading 47%, grade C-, #286 of 571 statewide, top 50%, 900 students, 64% FRL); Crystal River High School (math 31% / reading 44%, grade F, #336 of 667 statewide, top 51%, 1,249 students, 56% FRL).
• Market conditions: 327 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Citrus County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 13y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $125k implies a 67% gain — meaningful room to come down on a strong offer.

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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $117,044 (6.4% 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 50 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
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 D-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. 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: 1.20% ✓
• Cap rate: 9.96%
• Cash-on-cash: 13.08%
• DSCR: 1.58
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $177,968
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6421 W Flanders Ln	0.02mi	2/1.5	784 (0%)	24mo	$100,000	$128	78
6321 W Orange Ln	0.35mi	2/2.0	728 (-7%)	20mo	$165,000	$227	51

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -18.6%
• Equity multiple: 0.35×
• Total profit: $-22,879
• Equity at exit: $18,638

10-year hold

• IRR: -10.6%
• Equity multiple: 0.35×
• Total profit: $-22,620
• Equity at exit: $10,808

Cash invested: $35,000 (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 34429

• Home prices YoY: -17.8%
• Active inventory: 327
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,495 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$92 /mo · $1,103/yr
• Insurance: −$52
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $-45

Break-even live

Break-even rent $1,552

Max offer price $117,044

Occupancy floor 98%

Sensitivity live

Price	-10% $26	-5% $-10	+0% $-45	+5% $-80	+10% $-116
Rent	-10% $-163	-5% $-104	+0% $-45	+5% $14	+10% $73
Rate	-1.0pp $18	-0.5pp $-13	base $-45	+0.5pp $-77	+1.0pp $-110

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1136 N Tiger Pt Unit 1136 Lecanto, FL	3.0	1.5	1000	$1,495	$1.50	23d	1	1.02mi

Listing history 35 events

1. 2026-06-21
   days on market $125,000 Active 50 DOM
2. 2026-06-19
   days on market $125,000 Active 48 DOM
3. 2026-06-18
   days on market $125,000 Active 47 DOM
4. 2026-06-17
   days on market $125,000 Active 46 DOM
5. 2026-06-17
   price $125,000 Active 45 DOM
6. 2026-06-16
   days on market $135,000 Active 45 DOM
7. 2026-06-15
   days on market $135,000 Active 44 DOM
8. 2026-06-14
   days on market $135,000 Active 42 DOM
9. 2026-06-13
   days on market $135,000 Active 41 DOM
10. 2026-06-09
    days on market $135,000 Active 38 DOM
11. 2026-06-08
    days on market $135,000 Active 37 DOM
12. 2026-06-07
    days on market $135,000 Active 36 DOM
13. 2026-06-03
    days on market $135,000 Active 32 DOM
14. 2026-06-02
    days on market $135,000 Active 31 DOM
15. 2026-06-01
    days on market $135,000 Active 30 DOM
16. 2026-05-31
    days on market $135,000 Active 29 DOM
17. 2026-05-30
    days on market $135,000 Active 28 DOM
18. 2026-05-02
    listed $135,000 Active
19. 2025-07-02
    soldstatus $75,000
20. 2025-06-16
    soldstatus $75,000 Closed 703-char remark

    Show marketing remark (703 chars)

    Totally renovated in 2015, this adorable and affordable partially furnished 1 bedroom, 1 1/2 bath mobile sits on a beautiful lot, fully fenced in. Wood laminate floors in bedroom and living room with ceramic tile flooring in full bath and half bath. Kitchen offers stove, refridgerator and portable dishwasher. Kitchen has a window a/c unit. Home has central heat and air that works fine but is 20 years old. Full bath offers tub/shower combination. Large covered carport with laundry room, exterior shed with well pump replaced in 2021. Private well and septic and well maintained metal roof. Minutes to the crystal clear Hunter Springs, lakes, gulf, fishing, scalloping, boating or nature enthusiast!

21. 2025-06-10
    status Pending 703-char remark

    Show marketing remark (703 chars)

    Totally renovated in 2015, this adorable and affordable partially furnished 1 bedroom, 1 1/2 bath mobile sits on a beautiful lot, fully fenced in. Wood laminate floors in bedroom and living room with ceramic tile flooring in full bath and half bath. Kitchen offers stove, refridgerator and portable dishwasher. Kitchen has a window a/c unit. Home has central heat and air that works fine but is 20 years old. Full bath offers tub/shower combination. Large covered carport with laundry room, exterior shed with well pump replaced in 2021. Private well and septic and well maintained metal roof. Minutes to the crystal clear Hunter Springs, lakes, gulf, fishing, scalloping, boating or nature enthusiast!

22. 2025-06-04
    price $79,900 703-char remark

    Show marketing remark (703 chars)

    Totally renovated in 2015, this adorable and affordable partially furnished 1 bedroom, 1 1/2 bath mobile sits on a beautiful lot, fully fenced in. Wood laminate floors in bedroom and living room with ceramic tile flooring in full bath and half bath. Kitchen offers stove, refridgerator and portable dishwasher. Kitchen has a window a/c unit. Home has central heat and air that works fine but is 20 years old. Full bath offers tub/shower combination. Large covered carport with laundry room, exterior shed with well pump replaced in 2021. Private well and septic and well maintained metal roof. Minutes to the crystal clear Hunter Springs, lakes, gulf, fishing, scalloping, boating or nature enthusiast!

23. 2025-05-19
    listed $84,900 Active 703-char remark

    Show marketing remark (703 chars)

    Totally renovated in 2015, this adorable and affordable partially furnished 1 bedroom, 1 1/2 bath mobile sits on a beautiful lot, fully fenced in. Wood laminate floors in bedroom and living room with ceramic tile flooring in full bath and half bath. Kitchen offers stove, refridgerator and portable dishwasher. Kitchen has a window a/c unit. Home has central heat and air that works fine but is 20 years old. Full bath offers tub/shower combination. Large covered carport with laundry room, exterior shed with well pump replaced in 2021. Private well and septic and well maintained metal roof. Minutes to the crystal clear Hunter Springs, lakes, gulf, fishing, scalloping, boating or nature enthusiast!

24. 2015-08-20
    soldstatus $19,000 283-char remark

    Show marketing remark (283 chars)

    Short Sale. Bank pre-approved at $19,000. Contract will require bank approval. Bank response may take approximately 30 days. Nice home with large fenced yard with a one car carport and metal shed, water softener, in a quiet neighborhood on a paved road close to schools and shopping.

25. 2015-08-20
    soldstatus $19,000

    Show marketing remark (283 chars)

    Short Sale. Bank pre-approved at $19,000. Contract will require bank approval. Bank response may take approximately 30 days. Nice home with large fenced yard with a one car carport and metal shed, water softener, in a quiet neighborhood on a paved road close to schools and shopping.

26. 2014-05-11
    listed $19,000 283-char remark

    Show marketing remark (283 chars)

    Short Sale. Bank pre-approved at $19,000. Contract will require bank approval. Bank response may take approximately 30 days. Nice home with large fenced yard with a one car carport and metal shed, water softener, in a quiet neighborhood on a paved road close to schools and shopping.

27. 2014-05-11
    listed $19,000

    Show marketing remark (283 chars)

    Short Sale. Bank pre-approved at $19,000. Contract will require bank approval. Bank response may take approximately 30 days. Nice home with large fenced yard with a one car carport and metal shed, water softener, in a quiet neighborhood on a paved road close to schools and shopping.

28. 2014-03-06
    historical
29. 2014-01-30
    historical
30. 2013-12-10
    listed $22,000
31. 2013-07-08
    historical
32. 2013-03-14
    listed $22,000
33. 2013-03-11
    listed $22,000
34. 2005-04-20
    soldstatus $45,000
35. 1986-02-01
    soldstatus $13,500

ⓘ 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: $1,103 · $92/mo
• Projected year-2 tax: $1,103 · $92/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 9/10 Extreme FEMA zone AE · 98% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,940
• − Mortgage interest: −$7,002
• − Property taxes: −$1,103
• − Insurance: −$5,744
• − Repairs & maintenance: −$1,435
• − Management: −$1,435
• − Depreciation: −$3,636
• Taxable loss: −$2,416
• Est. tax savings @ 24.0%: +$580
• After-tax cash flow: $39/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: Citrus
• NCES district ID: 1200270
• Math proficiency: 49% ▼ -10.00%
• Reading proficiency: 50% ▼ -6.00%
• Median HH income: $38,618
• Composite: 41.28/100
• National rank: #3519
• State rank: #44 of 73 in FL

Livability — Lecanto

• Score: 64/100
• State rank: #680
• US rank: #14112

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 13,377
• Population (ZIP): 9,494

Population outlook (Citrus County) Hauer SSP2

• Today (2025): 138,622 people
• By 2030: 136,886 · -1.3%
• By 2040: 132,009 · -4.8%
• By 2050: 125,196 · -9.7%
• By 2075: 108,570 · -21.7%
• By 2100: 84,454 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 5% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 7% Slovak 2% Lithuanian 2%
• Foreign-born: 4% · Canada
• Languages at home: 97% English-only · Spanish 1% Tagalog/Filipino 1%

Political lean MEDSL · Citrus

• 2024 margin: Solid R (+45.9) · D 26.8% · R 72.6%
• 2008→2024 swing: -29.8pp toward R · 2008: -16.1pp · 2024: -45.9pp
• All cycles: 2024: R+45.9 2020: R+41.0 2016: R+39.7 2012: R+21.9 2008: R+16.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.92%
• Current HPI: 271.3171
• Rent YoY: —
• Metro: —
• 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

+900.0% since first listed

18 events — show timeline

• 2026-05-02 Listed $135,000 RACC
• 2025-07-02 Sold (Public Records) $75,000 Public Records
• 2025-06-16 Sold (MLS) $75,000 RACC
• 2025-06-10 Pending — RACC
• 2025-06-04 Price Changed $79,900 RACC
• 2025-05-19 Listed $84,900 RACC
• 2015-08-20 Sold (MLS) $19,000 St. Augustine and St. Johns County Board of REALTORS®
• 2015-08-20 Sold (MLS) $19,000 HCAR
• 2014-05-11 Listed $19,000 St. Augustine and St. Johns County Board of REALTORS®
• 2014-05-11 Listed $19,000 HCAR
• 2014-03-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-01-30 Listing Removed — HCAR
• 2013-12-10 Listed $22,000 HCAR
• 2013-07-08 Listing Removed — HCAR
• 2013-03-14 Listed $22,000 Stellar MLS as Distributed by MLS Grid
• 2013-03-11 Listed $22,000 HCAR
• 2005-04-20 Sold (Public Records) $45,000 Public Records
• 1986-02-01 Sold (Public Records) $13,500 Public Records

Property tax history

+9.3%/yr

Latest (2025): $1,103 · +143.8% YoY. Source: county tax records.