4519 E Walker St · Inverness, FL 34453

$225,000

3 bd · 2.0 ba · 1,347 sqft · Land · 224 Days on market

Built 2025 0.31 ac lot ↓ 2% since listing

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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 +10.4/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• 1% rule +3.1/10.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

Key facts

• Covered front porch
• Walk-in closet
• Split floor plan

Tags

• SPLIT FLOOR PLAN
• COVERED FRONT PORCH
• BACK PATIO
• PRIVATE BATHROOM
• WALK-IN CLOSET
• LARGE BUILT-IN CLOSETS

Property features AI

Finance

• Other: Zoning: MDR
• Financial info: No lease restrictions indicated
• HOA & community: No association indicated

Exterior

• Parking: Attached 2-car garage with 19x19 dimensions; Driveway; Garage door opener; Off-street parking
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single family residence; One level; Under construction (projected completion Sep 30, 2025); Faces south
• Construction: Stucco construction; Shingle roof; Block foundation; New construction; Builder: John A. Klecha
• Exterior features: Front porch; Patio; Cleared lot; Unimproved road; Private maintained road; Other exterior features

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Range hood; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Split bedroom layout; Stone countertops; Thermal windows; Smoke detector(s)
• Laundry & utility: Laundry area in garage

🏗️ 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 3-bed/2.0-bath land listed at $225k.

Deal economics

• At list price, monthly cash flow is $-119 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (7.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (19.2% below list).
• Recommended offer: $182k (19.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#564 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-; Watch: health & safety C-, amenities F, commute 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: Hernando Elementary School (math 47% / reading 51%, grade D, #1,134 of 2,144 statewide, top 54%, 813 students, 71% FRL); Citrus High School (math 34% / reading 51%, grade F, #264 of 667 statewide, top 41%, 1,503 students, 54% FRL).
• Market conditions: 421 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 38% of the median local income ($58k/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 $7k 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 224 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 7 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,734 (19.2% 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 224 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.81% ✗
• Cap rate: 5.66%
• Cash-on-cash: -2.27%
• DSCR: 0.90
• GRM: 10.3

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: -20.1%
• Equity multiple: 0.30×
• Total profit: $-44,026
• Equity at exit: $33,548

10-year hold

• IRR: -13.0%
• Equity multiple: 0.24×
• Total profit: $-48,003
• Equity at exit: $19,454

Cash invested: $63,000 (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 34453

• Home prices YoY: -26.1%
• Active inventory: 421
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,817 high
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-119

Break-even live

Break-even rent $1,968

Max offer price $207,748

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
167 N Independence Hwy Inverness, FL	3.0	2.0	1535	$1,800	$1.17	21d	1	0.39mi
3880 E Byrd St Inverness, FL	3.0	2.0	1380	$1,600	$1.16	21d	1	0.66mi
815 E Rembrandt Way Unit 424 Inverness, FL	3.0	2.0	1262	$1,850	$1.47	21d	1	0.90mi
2400 Forest Dr Inverness, FL	2.0	2.0	1035	$1,425	$1.38	21d	2	1.26mi
543 N Rooks Ave Inverness, FL	3.0	2.0	1296	$1,900	$1.47	21d	1	1.44mi
3070 E Odier St Inverness, FL	2.0	2.0	1052	$1,800	$1.71	21d	1	1.48mi

Listing history 13 events

1. 2026-05-15
   price $225,000 1023-char remark

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

2. 2026-05-15
   price $225,000

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

3. 2026-04-17
   status Active 1023-char remark

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

4. 2026-04-17
   status Active

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

5. 2026-04-13
   status Pending 1023-char remark

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

6. 2026-04-13
   status Pending

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

7. 2025-12-05
   status Active 1023-char remark

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

8. 2025-12-04
   status Active
9. 2025-10-31
   historical 1023-char remark

   Show marketing remark (1023 chars)

   Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

10. 2025-09-15
    historical
11. 2025-07-29
    listed $230,000 Active 1023-char remark

    Show marketing remark (1023 chars)

    Completed New Construction! This beautifully designed 3-bedroom, 2-bathroom home offers a desirable split floor plan, 2-car garage, covered front porch, and rear patio--perfect for enjoying Florida living. The spacious owner's suite features a private bath with dual sinks and a walk-in closet. Two additional bedrooms offer generous space and large closets. Indoor laundry is conveniently located in the garage. No HOA. No CDD. Not located in a flood zone. Ideal as a primary residence, seasonal home, or investment/rental property with strong income potential. May qualify for zero-down financing (buyer to verify). Seller is offering concessions toward buyer closing costs or interest rate buydown with approved lender. Located in the heart of Inverness, close to historic downtown, the Valerie Theatre, Courthouse Square, the Inverness Depot, lakes, parks, shopping, dining, and the Withlacoochee State Trail. Walker Street is an unpaved, privately maintained road. Buyer and buyer's agent to verify all information.

12. 2025-07-25
    listed $230,000 Active
13. 2025-07-15
    listed $230,000 Active

ⓘ 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 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 21 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: $21,808
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,745
• − Management: −$1,745
• − Depreciation: −$6,545
• Taxable loss: −$5,330
• Est. tax savings @ 24.0%: +$1,279
• After-tax cash flow: $-151/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 — Inverness

• Score: 67/100
• State rank: #564
• US rank: #10791

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Citrus County · 111,314 people
• City population: 10,621
• Metro: Homosassa Springs, FL
• Population (ZIP): 10,621
• Household income: $57,568
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 240.0

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Black 3% Two or more races 3% Asian 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Lithuanian 3% Romanian 3% Italian 3%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Tagalog/Filipino 1% Other Asian/Pacific 0%

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: ▼ -103.32%
• Current HPI: 291.8965
• 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

-2.2% since first listed

13 events — show timeline

• 2026-05-15 Price Changed $225,000 HCAR
• 2026-05-15 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Relisted — HCAR
• 2026-04-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Pending — HCAR
• 2026-04-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-05 Relisted — HCAR
• 2025-12-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Listing Removed — HCAR
• 2025-09-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-29 Listed $230,000 HCAR
• 2025-07-25 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-15 Listed $230,000 RACC

Property tax history

-30.9%/yr

Latest (2025): $106 · +2.1% YoY. Source: county tax records.