8080 N Elkcam Blvd · Citrus Springs, FL 34434

$278,990

4 bd · 2.0 ba · 1,672 sqft · Land · 45 Days on market

Built 2026 0.28 ac lot

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Why this score? — see what drove the F 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 +7.5/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.7/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

Unveil a world of comfort in the New Citrus Springs Step into the Quail Ridge Plan, this delightful home features an open living room that flows into a beautifully designed dining area and kitchen, perfect for gatherings. The kitchen is the heart of the house, boasting elegant cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave and dishwasher. The primary suite includes a private bath with dual vanity sinks and a spacious walk-in closet. Three more inviting bedrooms and a full secondary bath provide ample space. A two-car garage offers plenty of storage, and energy-efficient Low-E insulated dual-pane windows enhance comfort. Enjoy peace of mind with a one-year limited home warranty. Discover the Quail Ridge Plan and embrace a stylish and comfortable lifestyle.

Key facts

• Quartz countertops
• Open living room
• Elegant cabinetry

Tags

• OPEN LIVING ROOM
• DINING AREA
• ELEGANT CABINETRY
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PRIVATE BATH

Property features AI

Finance

• Other: Lot approximately 0.28 acres (1/4 to less than 1/2 acre); Paved road access; Builder provided living area and building area measurements
• Financial info: No lease restrictions noted
• HOA & community: Not in a development

Exterior

• Parking: Attached 2-car garage (19x20) with garage door opener; Driveway
• Security: Smoke detectors
• Utilities: Public water; Septic tank; Electricity connected; Sewer connected; Water connected
• Home design: Single family residence; One story; New construction (projected completion: 2026-09-29); East-facing entry
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Builder: Century Complete (Model: Quail Ridge - B6); Under construction
• Exterior features: Covered patio; Patio; Sidewalk; Exterior lighting

Interior

• Kitchen: Range; Microwave; Dishwasher; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (Electric, Heat Pump); Central air conditioning
• Interior features: Open floorplan; Stone counters; Thermostat; Walk-in closets; Double pane / insulated thermal windows; Sliding doors; Ceiling lighting
• Laundry & utility: Interior laundry room

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $279k.

Deal economics

• At list price, monthly cash flow is $-342 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $229k (17.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $201k (28.0% below list).
• Recommended offer: $201k (28.0% below list) — sets the bar for 1% rule.

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: 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: Central Ridge Elementary School (math 41% / reading 44%, grade F, #1,383 of 2,144 statewide, top 65%, 723 students, 64% FRL); Citrus Springs Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 821 students, 59% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: 1247 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 35% 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 $2k of loan paydown is wiped out by about $8k 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 45 days — a 3% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $200,743 (28.0% 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 45 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.72% ✗
• Cap rate: 4.82%
• Cash-on-cash: -5.26%
• DSCR: 0.77
• GRM: 11.6

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: -25.2%
• Equity multiple: 0.14×
• Total profit: $-66,971
• Equity at exit: $41,598

10-year hold

• IRR: -21.3%
• Equity multiple: -0.10×
• Total profit: $-86,256
• Equity at exit: $24,122

Cash invested: $78,117 (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: 1247
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,007 high
• Mortgage (P&I): −$1,463
• Tax est. 1.5%: −$349 /mo · $4,185/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $-342

Break-even live

Break-even rent $2,441

Max offer price $229,478

Occupancy floor —

Sensitivity live

Price	-10% $-149	-5% $-246	+0% $-342	+5% $-439	+10% $-535
Rent	-10% $-501	-5% $-421	+0% $-342	+5% $-263	+10% $-184
Rate	-1.0pp $-202	-0.5pp $-271	base $-342	+0.5pp $-414	+1.0pp $-488

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: $69,748
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8006 N Voyager Dr Citrus Springs, FL	4.0	2.0	1636	$1,899	$1.16	23d	1	0.13mi
3036 W Akron Pl Citrus Springs, FL	4.0	2.0	1833	$2,000	$1.09	23d	1	0.42mi
8596 N Spartan Dr Citrus Springs, FL	4.0	2.0	1833	$2,000	$1.09	23d	1	0.80mi
1912 W Quaker Ln Citrus Springs, FL	4.0	2.0	1636	$1,895	$1.16	23d	1	0.84mi
7938 N Maltese Dr Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	23d	1	0.85mi
3272 W Fairbank Dr Citrus Springs, FL	4.0	2.0	1774	$2,050	$1.16	23d	1	0.88mi
8055 N Wellington Ter Citrus Springs, FL	3.0	2.0	1250	$1,750	$1.40	23d	1	1.05mi
7047 N Lime Dr Citrus Springs, FL	4.0	2.0	1630	$1,900	$1.17	23d	1	1.06mi
8267 N Santos Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	23d	1	1.08mi
9081 N Golfview Dr Citrus Springs, FL	3.0	1.5	1374	$1,400	$1.02	23d	1	1.09mi
7062 N Regent Ter Citrus Springs, FL	4.0	2.0	1621	$1,700	$1.05	23d	1	1.11mi
9205 N Fawn Way Citrus Springs, FL	3.0	2.0	1428	$1,750	$1.23	23d	1	1.11mi
7175 N Varsity Ave Citrus Springs, FL	3.0	2.0	1428	$1,795	$1.26	23d	1	1.11mi
9305 N Citrus Springs Blvd Citrus Springs, FL	3.0	2.0	1411	$1,800	$1.28	23d	1	1.12mi
7061 N Outrigger Ter Citrus Springs, FL	4.0	2.0	1621	$1,700	$1.05	23d	1	1.12mi
3584 W Burgandy Dr Citrus Springs, FL	3.0	2.0	1413	$1,699	$1.20	23d	1	1.14mi
8715 N Paradisea Dr Citrus Springs, FL	3.0	2.0	1403	$1,850	$1.32	23d	1	1.18mi
2907 W Camilo Dr Citrus Springs, FL	4.0	2.0	1449	$1,795	$1.24	23d	1	1.24mi
2330 W Juan Vega Ln Dunnellon, FL	3.0	2.0	1204	$1,675	$1.39	23d	1	1.25mi
7708 N Paris Dr Dunnellon, FL	3.0	2.0	1415	$1,800	$1.27	23d	1	1.26mi
9127 N Justa Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	23d	1	1.28mi
7908 N Galena Ave Citrus Springs, FL	4.0	2.5	1551	$1,850	$1.19	23d	1	1.34mi
8030 N Galena Ave Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	23d	1	1.35mi

Listing history 32 events

1. 2026-06-21
   days on market $278,990 Active 45 DOM
2. 2026-06-19
   days on market $278,990 Active 43 DOM
3. 2026-06-18
   days on market $278,990 Active 42 DOM
4. 2026-06-17
   days on market $278,990 Active 41 DOM
5. 2026-06-16
   days on market $278,990 Active 40 DOM
6. 2026-06-15
   days on market $278,990 Active 39 DOM
7. 2026-06-14
   days on market $278,990 Active 37 DOM
8. 2026-06-13
   days on market $278,990 Active 36 DOM
9. 2026-06-09
   days on market $278,990 Active 33 DOM
10. 2026-06-08
    days on market $278,990 Active 32 DOM
11. 2026-06-07
    days on market $278,990 Active 31 DOM
12. 2026-06-03
    days on market $278,990 Active 27 DOM
13. 2026-06-02
    days on market $278,990 Active 26 DOM
14. 2026-06-01
    days on market $278,990 Active 25 DOM
15. 2026-05-31
    days on market $278,990 Active 24 DOM
16. 2026-05-30
    days on market $278,990 Active 23 DOM
17. 2026-05-13
    listed $278,990 Active 816-char remark

    Show marketing remark (816 chars)

    Unveil a world of comfort in the New Citrus Springs Step into the Quail Ridge Plan, this delightful home features an open living room that flows into a beautifully designed dining area and kitchen, perfect for gatherings. The kitchen is the heart of the house, boasting elegant cabinetry, quartz countertops, and stainless steel appliances, including a range with a microwave and dishwasher. The primary suite includes a private bath with dual vanity sinks and a spacious walk-in closet. Three more inviting bedrooms and a full secondary bath provide ample space. A two-car garage offers plenty of storage, and energy-efficient Low-E insulated dual-pane windows enhance comfort. Enjoy peace of mind with a one-year limited home warranty. Discover the Quail Ridge Plan and embrace a stylish and comfortable lifestyle.

18. 2026-05-08
    listed $278,990 Active 651-char remark

    Show marketing remark (651 chars)

    4 bed | 2 bath | 2-bay | 1665 sqft * Closing costs are additional and not included in the USDA 30 year fixed rate 100% financing. Terms and availability of this loan program, and the sales price, are examples only and are subject to change without notice. Loans are subject to credit approval. Restrictions and conditions may apply. USDA loans are subject to income and geographic eligibility criteria. Loan program is available through Inspire Home Loans® | NMLS # 1564276, click here for State Licensing Disclosures with additional information found at NMLS Consumer Access: www. nmlsconsumeraccess.org . ©02/2025 Century Communities, Inc.

19. 2026-05-07
    listed $278,990 Active
20. 2024-03-07
    soldstatus $416,000
21. 2024-02-20
    soldstatus $16,000 Closed
22. 2023-11-20
    historical Active Under Contract
23. 2022-08-01
    price $15,900
24. 2022-07-22
    price $16,900
25. 2022-07-06
    listed $17,900 Active
26. 2022-06-14
    soldstatus $21,500
27. 2021-06-10
    soldstatus $72,000
28. 2020-12-31
    historical
29. 2018-08-06
    listed $9,000
30. 2007-05-14
    soldstatus $10,800
31. 2006-02-09
    soldstatus $31,000
32. 2005-06-28
    soldstatus $20,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 23 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: $24,089
• − Mortgage interest: −$15,628
• − Property taxes: −$4,185
• − Insurance: −$1,395
• − Repairs & maintenance: −$1,927
• − Management: −$1,927
• − Depreciation: −$8,116
• Taxable loss: −$9,089
• Est. tax savings @ 24.0%: +$2,181
• After-tax cash flow: $-1,925/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

+1295.0% since first listed

16 events — show timeline

• 2026-05-13 Listed $278,990 RACC
• 2026-05-08 Listed $278,990 Zillow
• 2026-05-07 Listed $278,990 Stellar MLS as Distributed by MLS Grid
• 2024-03-07 Sold (Public Records) $416,000 Public Records
• 2024-02-20 Sold (MLS) $16,000 Beaches MLS
• 2023-11-20 Contingent — Beaches MLS
• 2022-08-01 Price Changed $15,900 Beaches MLS
• 2022-07-22 Price Changed $16,900 Beaches MLS
• 2022-07-06 Listed $17,900 Beaches MLS
• 2022-06-14 Sold (Public Records) $21,500 Public Records
• 2021-06-10 Sold (Public Records) $72,000 Public Records
• 2020-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-08-06 Listed $9,000 Stellar MLS as Distributed by MLS Grid
• 2007-05-14 Sold (Public Records) $10,800 Public Records
• 2006-02-09 Sold (Public Records) $31,000 Public Records
• 2005-06-28 Sold (Public Records) $20,000 Public Records

Property tax history

+17.1%/yr

Latest (2025): $306 · +62.3% YoY. Source: county tax records.