11520 Memorial Dr · High Point, FL 34613

$279,990

3 bd · 2.0 ba · 1,504 sqft · Land · 56 Days on market

Built 2026 4,356 sqft lot $8/mo HOA

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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 +10.1/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• DSCR +2.9/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Experience a harmonious blend of comfort and functionality in this one-story, concrete block constructed home, meticulously designed to optimize living space through an open-concept layout. The kitchen is equipped for both efficiency and style with all stainless-steel appliances, including a range, built-in dishwasher, and microwave. The primary bedroom features an ensuite bathroom and walk-in closet. The Allex is complete with a state-of-the-art smart home system. This single-story haven ensures convenience and accessibility, providing a perfect balance of open space and purposeful design for a truly enjoyable living experience. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

Key facts

• One story
• Concrete block
• Walk in closet

Tags

• ONE STORY
• CONCRETE BLOCK
• OPEN CONCEPT LAYOUT
• STAINLESS STEEL APPLIANCES
• ENSUITE BATHROOM
• WALK IN CLOSET

Property features AI

Finance

• Other: CDD present
• Financial info: Lease restrictions apply
• HOA & community: HOA managed by Rizzetta and Company; Annual association fee $100 (monthly equivalent $8.33); Association approval required; Association fee required

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Other utilities
• Home design: Single family residence; One story; Pre-construction (projected completion August 20, 2026); Faces southwest; Located in a planned unit development (PUD)
• Construction: Block construction; Shingle roof; Slab foundation; New construction; Builder: DR Horton INC (model: Allex)
• Exterior features: Paved road access; Pets allowed

Interior

• Kitchen: Dishwasher; Microwave; Range
• Bedrooms: 3 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Heat pump; Central air conditioning
• Interior features: Open floorplan; Irrigation equipment; Home warranty included
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $280k.

Deal economics

• At list price, monthly cash flow is $-164 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $251k (10.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (25.4% below list).
• Recommended offer: $209k (25.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#677 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: health & safety C-, amenities F, commute F.
• Hernando (suburban): math 50% / reading 50% proficiency, ranked #38 of 73 in FL (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Pine Grove Elementary School (math 60% / reading 45%, grade C-, #976 of 2,144 statewide, top 46%, 991 students, 60% FRL); Central High School (math 34% / reading 44%, grade F, #312 of 667 statewide, top 48%, 1,426 students, 53% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: 691 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).
• This rent runs 43% of the median local income ($59k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Hernando County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,942 (25.4% 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 56 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
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: 0.75% ✗
• Cap rate: 5.59%
• Cash-on-cash: -2.51%
• DSCR: 0.89
• GRM: 11.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -20.5%
• Equity multiple: 0.29×
• Total profit: $-55,875
• Equity at exit: $41,747

10-year hold

• IRR: -13.7%
• Equity multiple: 0.21×
• Total profit: $-62,298
• Equity at exit: $24,208

Cash invested: $78,397 (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 34613

• Home prices YoY: -17.2%
• Active inventory: 691
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,089 medium
• Mortgage (P&I): −$1,468
• Tax from tax record: −$222 /mo · $2,663/yr
• Insurance: −$117
• HOA: −$8
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $-164

Break-even live

Break-even rent $2,297

Max offer price $250,972

Occupancy floor —

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: $69,998
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7718 Rome Ln Brooksville, FL	3.0	2.0	1674	$2,200	$1.31	24d	1	0.33mi
7405 Western Circle Dr Brooksville, FL	2.0	2.0	1442	$1,500	$1.04	24d	1	0.38mi
11285 Frigate Bird Ave Weeki Wachee, FL	3.0	2.0	2053	$2,225	$1.08	24d	1	0.74mi

HOA detail

• Monthly dues: $8 · $96/yr

Listing history 18 events

1. 2026-06-18
   days on market $279,990 Active 56 DOM
2. 2026-06-17
   days on market $279,990 Active 55 DOM
3. 2026-06-16
   days on market $279,990 Active 54 DOM
4. 2026-06-15
   days on market $279,990 Active 53 DOM
5. 2026-06-13
   days on market $279,990 Active 51 DOM
6. 2026-06-13
   days on market $279,990 Active 50 DOM
7. 2026-06-09
   days on market $279,990 Active 47 DOM
8. 2026-06-08
   days on market $279,990 Active 46 DOM
9. 2026-06-07
   days on market $279,990 Active 45 DOM
10. 2026-06-04
    days on market $279,990 Active 42 DOM
11. 2026-06-03
    days on market $279,990 Active 41 DOM
12. 2026-06-02
    pricedays on market $279,990 Active 40 DOM
13. 2026-06-01
    days on market $282,070 Active 39 DOM
14. 2026-05-31
    days on market $282,070 Active 38 DOM
15. 2026-04-24
    listed $282,070 Active 955-char remark

    Show marketing remark (955 chars)

    Experience a harmonious blend of comfort and functionality in this one-story, concrete block constructed home, meticulously designed to optimize living space through an open-concept layout. The kitchen is equipped for both efficiency and style with all stainless-steel appliances, including a range, built-in dishwasher, and microwave. The primary bedroom features an ensuite bathroom and walk-in closet. The Allex is complete with a state-of-the-art smart home system. This single-story haven ensures convenience and accessibility, providing a perfect balance of open space and purposeful design for a truly enjoyable living experience. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

16. 2026-04-23
    listed $282,070 Active 1019-char remark

    Show marketing remark (1019 chars)

    Experience a harmonious blend of comfort and functionality in this one-story, concrete block constructed home, meticulously designed to optimize living space through an open-concept layout. The kitchen is equipped for both efficiency and style with all stainless-steel appliances, including a range, built-in dishwasher and microwave. The laundry room comes equipped with a washer and dryer hook up. The primary bedroom features an ensuite bathroom and walk-in closet. The Allex is complete with a state-of-the-art smart home system. This single-story haven ensures convenience and accessibility, providing a perfect balance of open space and purposeful design for a truly enjoyable living experience. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

17. 2026-04-23
    listed $282,070 Active

    Show marketing remark (1019 chars)

    Experience a harmonious blend of comfort and functionality in this one-story, concrete block constructed home, meticulously designed to optimize living space through an open-concept layout. The kitchen is equipped for both efficiency and style with all stainless-steel appliances, including a range, built-in dishwasher and microwave. The laundry room comes equipped with a washer and dryer hook up. The primary bedroom features an ensuite bathroom and walk-in closet. The Allex is complete with a state-of-the-art smart home system. This single-story haven ensures convenience and accessibility, providing a perfect balance of open space and purposeful design for a truly enjoyable living experience. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

18. 2026-01-22
    soldstatus $1,203,700

ⓘ 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: $2,663 · $222/mo
• Projected year-2 tax: $2,663 · $222/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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,073
• − Mortgage interest: −$15,684
• − Property taxes: −$2,663
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,006
• − Management: −$2,006
• − HOA: −$96
• − Depreciation: −$8,145
• Taxable loss: −$6,927
• Est. tax savings @ 24.0%: +$1,662
• After-tax cash flow: $-309/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: Hernando
• NCES district ID: 1200810
• Math proficiency: 50% ▼ -8.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $41,985
• Composite: 42.03/100
• National rank: #3329
• State rank: #38 of 73 in FL

Livability — High Point

• Score: 64/100
• State rank: #677
• US rank: #14099

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: High Point, FL
• County: Hernando County · 169,677 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 19,337
• Household income: $58,596
• Rent vs Own: 9.2% rent · 90.8% own
• Severe rent burden: 307.0

Population outlook (Hernando County) Hauer SSP2

• Today (2025): 189,218 people
• By 2030: 194,367 · +2.7%
• By 2040: 203,398 · +7.5%
• By 2050: 209,589 · +10.8%
• By 2075: 218,452 · +15.4%
• By 2100: 205,923 · +8.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Two or more races 4% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 3% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Hernando

• 2024 margin: Solid R (+37.0) · D 31.1% · R 68.2%
• 2008→2024 swing: -33.5pp toward R · 2008: -3.6pp · 2024: -37.0pp
• All cycles: 2024: R+37.0 2020: R+30.2 2016: R+29.0 2012: R+8.5 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.51%
• Current HPI: 276.2229
• Rent YoY: —
• 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

-76.6% since first listed

4 events — show timeline

• 2026-04-24 Listed $282,070 Zillow
• 2026-04-23 Listed $282,070 HCAR
• 2026-04-23 Listed $282,070 Stellar MLS as Distributed by MLS Grid
• 2026-01-22 Sold (Public Records) $1,203,700 Public Records