1521 W Saint Elizabeth Pl · Citrus Springs, FL 34434

$160,000

3 bd · 2.0 ba · 1,675 sqft · SingleFamily public records · 51 Days on market

Built 1987 10,000 sqft lot Est $280k · 43% 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 +24.2/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.7/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.1/10.0

Listing remarks MLS

The ugly duckling just became a swan. This Citrus Springs beauty has had a complete transformation from the floors to the ceilings, nothing has been left untouched. You will fall in love with the new stacked stone and landscaping on the outside but when you walk into the front door you will be wowed. New ceiling & wall finish as well as paint inside and out, not to mention the new trim, doors, lighting, floors, and updated bathrooms and kitchen with new Whirlpool appliances. This home is move in ready with newer A/C. Call today for your private showing or for more info this one won't last long.

Key facts

• 0.23 acre lot
• 2 garage spots
• Built 1987

Property features AI

Finance

• Other: Lot size: 0.23 acre (approximately); Total acreage: less than 1/4 acre; Living area: 1,675 (per public records); Building area total: 2,193 (per public records); Lot surface: Asphalt road; Zoning: PDR; Property ID: US-12017-N-1817100010006200170-R-N
• HOA & community: Pets allowed (cats and dogs)

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected
• Home design: Single family residence; Residential property; One-story; Faces south; Fixer condition
• Construction: Block and stucco construction; Shingle roof; Built on slab foundation
• Exterior features: Private mailbox; Asphalt road access

Interior

• Kitchen: Appliances: Other
• Bedrooms: 3 bedrooms
• Flooring: Other
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Central heating; Central air conditioning; Appliances: Other; Flooring: Other
• Laundry & utility: Laundry features: Other; Slab foundation

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $319 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 5.1% in Citrus Springs — 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 68/100 on livability (#521 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, health & safety C-, employment D+.
• 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.
• Market conditions: 1242 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($69k/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 $5k 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 51 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 23y ago; this cycle's ask has dropped $20k (11%) 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; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,200 (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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.17% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.54%
• DSCR: 1.38
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $279,725
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8690 Zurich #18	0.48mi	3/2.0	1,684 (+0%)	0mo	$284,990	$169	77
1952 W Beach Plum Dr	0.46mi	3/2.0	1,529 (-9%)	1mo	$260,000	$170	63
9420 N Jourden Dr	0.72mi	3/2.0	1,662 (-1%)	2mo	$270,000	$162	63
9072 N Arcadia Way	0.44mi	3/2.0	1,498 (-11%)	0mo	$280,000	$187	62
8827 N Mendoza Way	0.62mi	4/2.5 (+1)	1,687 (+1%)	2mo	$280,900	$167	61
8665 N Zurich Way	0.52mi	3/2.0	1,529 (-9%)	1mo	$264,990	$173	60
9179 N Commodore Dr	0.30mi	4/2.0 (+1)	1,895 (+13%)	2mo	$280,000	$148	58
8838 N Travis Dr	0.65mi	4/2.0 (+1)	1,774 (+6%)	2mo	$270,000	$152	53
8402 N Bolder Dr	0.57mi	4/2.0 (+1)	1,895 (+13%)	0mo	$288,000	$152	47
8267 N Santos Dr	0.67mi	3/2.0	1,453 (-13%)	1mo	$279,900	$193	46
8830 N Salina Dr	0.67mi	4/2.0 (+1)	1,503 (-10%)	1mo	$245,000	$163	46
9505 N Cortlandt Dr	0.69mi	4/3.0 (+1)	1,918 (+14%)	1mo	$279,000	$145	34

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: -3.3%
• Equity multiple: 0.88×
• Total profit: $-5,568
• Equity at exit: $23,857

10-year hold

• IRR: 6.4%
• Equity multiple: 1.48×
• Total profit: $21,530
• Equity at exit: $13,834

Cash invested: $44,800 (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 34434

• Home prices YoY: -2.9%
• Active inventory: 1242
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,867 high
• Mortgage (P&I): −$839
• Tax from tax record: −$250 /mo · $3,003/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $319

Break-even live

Break-even rent $1,463

Max offer price $160,000

Occupancy floor 78%

Sensitivity live

Price	-10% $409	-5% $364	+0% $319	+5% $273	+10% $228
Rent	-10% $171	-5% $245	+0% $319	+5% $392	+10% $466
Rate	-1.0pp $399	-0.5pp $359	base $319	+0.5pp $277	+1.0pp $235

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9298 N Mendoza Way Citrus Springs, FL	3.0	2.0	1350	$1,800	$1.33	21d	1	0.44mi
9018 N Mendoza Way Citrus Springs, FL	2.0	2.0	1225	$1,499	$1.22	21d	1	0.45mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	21d	1	0.53mi
904 W Rum Pl Dunnellon, FL	3.0	2.0	1453	$1,699	$1.17	21d	1	0.64mi
8267 N Santos Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	21d	1	0.70mi
754 W Deacon Pl Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	21d	1	0.78mi
9676 N Jourden Dr Citrus Springs, FL	3.0	2.0	1353	$1,750	$1.29	21d	1	0.82mi
9995 N Sandree Dr Citrus Springs, FL	3.0	2.0	1453	$1,895	$1.30	21d	1	0.83mi
2330 W Juan Vega Ln Dunnellon, FL	3.0	2.0	1204	$1,675	$1.39	21d	1	0.89mi
9066 N Akola Way Citrus Springs, FL	3.0	2.0	1833	$2,150	$1.17	21d	1	0.93mi
572 W Bluster Pl Dunnellon, FL	4.0	2.0	1630	$1,900	$1.17	21d	1	0.95mi
8030 N Galena Ave Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	21d	1	0.96mi
696 W Hallam Dr Citrus Springs, FL	4.0	2.0	1797	$1,900	$1.06	21d	1	0.96mi
9065 N Akola Way Citrus Springs, FL	3.0	2.0	1511	$1,795	$1.19	21d	1	0.96mi
8398 N Jay Dr Dunnellon, FL	3.0	2.0	1541	$1,700	$1.10	21d	1	0.98mi
8450 N Travis Dr Citrus Springs, FL	4.0	2.0	1787	$1,900	$1.06	21d	1	0.98mi
7908 N Galena Ave Citrus Springs, FL	4.0	2.5	1551	$1,850	$1.19	21d	1	1.07mi
8180 N Wakefield Dr Dunnellon, FL	3.0	2.0	1502	$1,695	$1.13	21d	1	1.08mi
8190 N Wakefield Dr Dunnellon, FL	4.0	2.0	1772	$1,750	$0.99	21d	1	1.09mi
9081 N Golfview Dr Citrus Springs, FL	3.0	1.5	1374	$1,400	$1.02	21d	1	1.11mi
9305 N Citrus Springs Blvd Citrus Springs, FL	3.0	2.0	1411	$1,800	$1.28	21d	1	1.13mi
7708 N Paris Dr Dunnellon, FL	3.0	2.0	1415	$1,800	$1.27	21d	1	1.26mi
1912 W Quaker Ln Citrus Springs, FL	4.0	2.0	1636	$1,895	$1.16	21d	1	1.33mi
9205 N Fawn Way Citrus Springs, FL	3.0	2.0	1428	$1,750	$1.23	21d	1	1.34mi
2907 W Camilo Dr Citrus Springs, FL	4.0	2.0	1449	$1,795	$1.24	21d	1	1.47mi

Listing history 32 events

1. 2026-06-19
   days on market $160,000 Active 51 DOM
2. 2026-06-18
   days on market $160,000 Active 50 DOM
3. 2026-06-17
   days on market $160,000 Active 49 DOM
4. 2026-06-16
   days on market $160,000 Active 48 DOM
5. 2026-06-15
   days on market $160,000 Active 47 DOM
6. 2026-06-14
   days on market $160,000 Active 45 DOM
7. 2026-06-13
   days on market $160,000 Active 44 DOM
8. 2026-06-09
   days on market $160,000 Active 41 DOM
9. 2026-06-08
   days on market $160,000 Active 40 DOM
10. 2026-06-07
    days on market $160,000 Active 39 DOM
11. 2026-06-03
    days on market $160,000 Active 35 DOM
12. 2026-06-02
    days on market $160,000 Active 34 DOM
13. 2026-06-01
    days on market $160,000 Active 33 DOM
14. 2026-05-31
    days on market $160,000 Active 32 DOM
15. 2026-05-30
    days on market $160,000 Active 31 DOM
16. 2026-04-29
    status Active
17. 2026-04-29
    price $160,000
18. 2026-04-29
    historical
19. 2026-04-29
    listed $180,000
20. 2017-03-27
    soldstatus $139,900
21. 2017-03-20
    soldstatus $139,900 607-char remark

    Show marketing remark (607 chars)

    The ugly duckling just became a swan. This Citrus Springs beauty has had a complete transformation from the floors to the ceilings, nothing has been left untouched. You will fall in love with the new stacked stone and landscaping on the outside but when you walk into the front door you will be wowed. New ceiling & wall finish as well as paint inside and out, not to mention the new trim, doors, lighting, floors, and updated bathrooms and kitchen with new Whirlpool appliances. This home is move in ready with newer A/C. Call today for your private showing or for more info this one won't last long.

22. 2016-12-07
    listed $139,900 607-char remark

    Show marketing remark (607 chars)

    The ugly duckling just became a swan. This Citrus Springs beauty has had a complete transformation from the floors to the ceilings, nothing has been left untouched. You will fall in love with the new stacked stone and landscaping on the outside but when you walk into the front door you will be wowed. New ceiling & wall finish as well as paint inside and out, not to mention the new trim, doors, lighting, floors, and updated bathrooms and kitchen with new Whirlpool appliances. This home is move in ready with newer A/C. Call today for your private showing or for more info this one won't last long.

23. 2016-09-28
    soldstatus $70,303 435-char remark

    Show marketing remark (435 chars)

    2/2/2 in Citrus Springs ready for new family today! Interior boasts popular split plan, functional kitchen, bonus room and so much more. Exterior sports private backyard perfect for summer BBQ's or add that pool of your dreams!! Citrus Springs features 2 golf courses, bike path, shopping, dining, library, schools and close to some of the best Bass fishing in the world on the Withlacoochee River. Schedule your private showing today.

24. 2016-07-01
    listed $66,400 435-char remark

    Show marketing remark (435 chars)

    2/2/2 in Citrus Springs ready for new family today! Interior boasts popular split plan, functional kitchen, bonus room and so much more. Exterior sports private backyard perfect for summer BBQ's or add that pool of your dreams!! Citrus Springs features 2 golf courses, bike path, shopping, dining, library, schools and close to some of the best Bass fishing in the world on the Withlacoochee River. Schedule your private showing today.

25. 2008-03-26
    soldstatus $90,000
26. 2008-01-31
    listed $95,000
27. 2005-10-20
    soldstatus $145,000
28. 2005-10-10
    soldstatus $145,000
29. 2005-08-02
    listed $149,900
30. 2004-01-21
    soldstatus $89,000
31. 2004-01-14
    soldstatus $88,940
32. 2003-10-28
    listed $87,500

ⓘ 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: $3,003 · $250/mo
• Projected year-2 tax: $3,003 · $250/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,400
• − Mortgage interest: −$8,962
• − Property taxes: −$3,003
• − Insurance: −$800
• − Repairs & maintenance: −$1,792
• − Management: −$1,792
• − Depreciation: −$4,655
• Taxable income: $1,396
• Est. tax owed @ 24.0%: −$335
• After-tax cash flow: $3,490/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 — Citrus Springs

• Score: 68/100
• State rank: #521
• US rank: #9598

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Citrus Springs, FL
• County: Citrus County · 111,314 people
• City population: 10,730
• Metro: Homosassa Springs, FL
• Population (ZIP): 11,074
• Household income: $68,939
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 171.0

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 (78%)
• Race & ethnicity: White 78% Two or more races 11% Hispanic / Latino 9% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Iranian 3% Romanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% Other Indo-European 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: ▼ -9.70%
• Current HPI: 328.2164
• Rent YoY: —
• Metro: Homosassa Springs, 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

+82.9% since first listed

17 events — show timeline

• 2026-04-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listed $180,000 Stellar MLS as Distributed by MLS Grid
• 2017-03-27 Sold (Public Records) $139,900 Public Records
• 2017-03-20 Sold (MLS) $139,900 RACC
• 2016-12-07 Listed $139,900 RACC
• 2016-09-28 Sold (MLS) $70,303 RACC
• 2016-07-01 Listed $66,400 RACC
• 2008-03-26 Sold (MLS) $90,000 RACC
• 2008-01-31 Listed $95,000 RACC
• 2005-10-20 Sold (Public Records) $145,000 Public Records
• 2005-10-10 Sold (MLS) $145,000 RACC
• 2005-08-02 Listed $149,900 RACC
• 2004-01-21 Sold (Public Records) $89,000 Public Records
• 2004-01-14 Sold (MLS) $88,940 RACC
• 2003-10-28 Listed $87,500 RACC

Property tax history

+16.4%/yr

Latest (2025): $3,003 · +6.2% YoY. Source: county tax records.