179 Jenkins Ave · Masaryktown, FL 34604

$260,000

3 bd · 2.0 ba · 1,595 sqft · Land · 59 Days on market

Built 2022 0.29 ac lot

---

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
• 1% rule +3.0/10.0
• DSCR +2.9/10.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CASH ONLY! This Home is NOT fully completed. Perfect for investors or anyone looking for a project to complete and make their own! Adorable & modern, this 3-bedroom + flex space, 2-bath New Construction home is located in the quaint town of Masaryktown! Built in 2022 and situated on an oversized lot (over 1/4 of an acre), it has almost 1600 sqft of heated living space with a huge front porch! Open concept with a favorable split bedroom floor plan and there is a flex area or formal dining room-envision the space as it fits you. You will love the plank tile floors throughout and high ceilings! The kitchen features an eat-in-breakfast area and breakfast bar, granite counter tops, stainless steel appliances, deep single mount sink and pantry. The primary is spacious with a walk-in-closet and en-suite bathroom that includes double sink vanity with granite countertop and a sleek walk-in shower. The guest bedrooms are roomy, and guest bathroom features a tiled shower/tub combo! Inside laundry room with utility sink featuring granite countertop. Outside, you will find a covered paver patio and a large backyard! NOT in a flood zone, NO HOA and NO CDD fees! Some of the remaining items needed: Driveway, well, septic, AC unit, toilets, hot water heater and other fixtures. Buyer to perform their own due diligence. Located near the Suncoast parkway for easy commute to TPA/Tampa and close to shopping and dining. Masaryktown has that small town feel you'll love, but close to amenities. This is an exceptional opportunity to finish this project and make it your own! Schedule your appointment today!

Key facts

• Huge front porch
• Plank tile floors
• Open concept

Tags

• NEW CONSTRUCTION
• OVERSIZED LOT
• HUGE FRONT PORCH
• OPEN CONCEPT
• FLEX AREA
• PLANK TILE FLOORS

Property features AI

Finance

• Other: Lot approximately 0.29 acres (90 x 140); Building area listed at 2,309 sq ft; living area listed at 1,595 sq ft; Property zoned R1B; Unfurnished
• HOA & community: No HOA/association indicated

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Well required for water; Septic required for sewer; Electricity available; Cable available; Water available
• Home design: Single family residence; Residential property; Fixer condition; New construction; One story; Faces east
• Construction: Stone and stucco construction; Shingle roof; Slab foundation; Built as new construction
• Exterior features: Front porch; Rear porch; Patio; Outdoor lighting; Sliding doors; Dirt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: Ceiling fans; Eat-in kitchen; High ceilings; Kitchen/family room combo; Open floorplan; Split bedroom layout; Stone counters; Walk-in closets
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $260k.

Deal economics

• At list price, monthly cash flow is $-153 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (8.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $208k (20.0% below list).
• Recommended offer: $208k (20.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#686 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, schools F, amenities 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.
• Market conditions: Rents rising (+1.6%/yr); 196 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).

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 59 days — a 3% lower offer ($252k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 18y ago; this cycle's ask has dropped $15k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $7k; list at $260k implies a 3614% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,065 (20.0% 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 59 days. Have you received any prior offers? Is the seller open to a 20% 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. 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?
5. 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?
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: 0.80% ✗
• Cap rate: 5.59%
• Cash-on-cash: -2.52%
• DSCR: 0.89
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.61% rent growth · sell at horizon

5-year hold

• IRR: -22.0%
• Equity multiple: 0.25×
• Total profit: $-54,720
• Equity at exit: $38,767

10-year hold

• IRR: -19.7%
• Equity multiple: 0.02×
• Total profit: $-71,530
• Equity at exit: $22,480

Cash invested: $72,800 (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 34604

• Home prices YoY: -23.4%
• Rents YoY: 1.6%
• Active inventory: 196
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,081 high
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,900/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $-153

Break-even live

Break-even rent $2,274

Max offer price $237,848

Occupancy floor —

Sensitivity live

Price	-10% $27	-5% $-63	+0% $-153	+5% $-243	+10% $-333
Rent	-10% $-317	-5% $-235	+0% $-153	+5% $-71	+10% $11
Rate	-1.0pp $-22	-0.5pp $-87	base $-153	+0.5pp $-220	+1.0pp $-289

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
501 Monroe Ave Brooksville, FL	2.0	1.0	1241	$1,500	$1.21	5d	1	0.53mi
15592 Enclave WAY Masaryktown, FL	1.0–3.0	1.0–2.0	1041	$1,945	$1.87	2d	21	0.59mi
15734 Stone House Dr Brooksville, FL	3.0	2.0	1462	$2,198	$1.50	4d	1	0.82mi
15405 Stone House Dr Brooksville, FL	3.0	2.0	1443	$2,095	$1.45	5d	1	0.89mi
495 Painted Leaf Dr Brooksville, FL	3.0	2.0	1814	$1,950	$1.07	21d	1	0.89mi
495 Painted Leaf Dr Brooksville, FL	3.0	2.0	1814	$1,950	$1.07	25d	1	0.89mi
14523 Wake Robin Dr Brooksville, FL	4.0	2.0	1604	$2,125	$1.32	24d	1	1.24mi
18816 Cimbora Dr Spring Hill, FL	3.0	3.5	2112	$2,800	$1.33	25d	1	1.48mi

Listing history 17 events

1. 2026-06-18
   days on market $260,000 Active 59 DOM
2. 2026-06-18
   status $260,000 Active 58 DOM
3. 2026-06-16
   status $260,000 Pending 58 DOM
4. 2026-06-15
   days on market $260,000 Active 58 DOM
5. 2026-06-13
   days on market $260,000 Active 56 DOM
6. 2026-06-13
   days on market $260,000 Active 55 DOM
7. 2026-06-09
   days on market $260,000 Active 52 DOM
8. 2026-06-08
   days on market $260,000 Active 51 DOM
9. 2026-06-07
   statusdays on market $260,000 Active 50 DOM
10. 2026-05-05
    price $260,000 1613-char remark

    Show marketing remark (1613 chars)

    CASH ONLY! This Home is NOT fully completed. Perfect for investors or anyone looking for a project to complete and make their own! Adorable & modern, this 3-bedroom + flex space, 2-bath New Construction home is located in the quaint town of Masaryktown! Built in 2022 and situated on an oversized lot (over 1/4 of an acre), it has almost 1600 sqft of heated living space with a huge front porch! Open concept with a favorable split bedroom floor plan and there is a flex area or formal dining room-envision the space as it fits you. You will love the plank tile floors throughout and high ceilings! The kitchen features an eat-in-breakfast area and breakfast bar, granite counter tops, stainless steel appliances, deep single mount sink and pantry. The primary is spacious with a walk-in-closet and en-suite bathroom that includes double sink vanity with granite countertop and a sleek walk-in shower. The guest bedrooms are roomy, and guest bathroom features a tiled shower/tub combo! Inside laundry room with utility sink featuring granite countertop. Outside, you will find a covered paver patio and a large backyard! NOT in a flood zone, NO HOA and NO CDD fees! Some of the remaining items needed: Driveway, well, septic, AC unit, toilets, hot water heater and other fixtures. Buyer to perform their own due diligence. Located near the Suncoast parkway for easy commute to TPA/Tampa and close to shopping and dining. Masaryktown has that small town feel you'll love, but close to amenities. This is an exceptional opportunity to finish this project and make it your own! Schedule your appointment today!

11. 2026-05-05
    price $260,000

    Show marketing remark (1613 chars)

    CASH ONLY! This Home is NOT fully completed. Perfect for investors or anyone looking for a project to complete and make their own! Adorable & modern, this 3-bedroom + flex space, 2-bath New Construction home is located in the quaint town of Masaryktown! Built in 2022 and situated on an oversized lot (over 1/4 of an acre), it has almost 1600 sqft of heated living space with a huge front porch! Open concept with a favorable split bedroom floor plan and there is a flex area or formal dining room-envision the space as it fits you. You will love the plank tile floors throughout and high ceilings! The kitchen features an eat-in-breakfast area and breakfast bar, granite counter tops, stainless steel appliances, deep single mount sink and pantry. The primary is spacious with a walk-in-closet and en-suite bathroom that includes double sink vanity with granite countertop and a sleek walk-in shower. The guest bedrooms are roomy, and guest bathroom features a tiled shower/tub combo! Inside laundry room with utility sink featuring granite countertop. Outside, you will find a covered paver patio and a large backyard! NOT in a flood zone, NO HOA and NO CDD fees! Some of the remaining items needed: Driveway, well, septic, AC unit, toilets, hot water heater and other fixtures. Buyer to perform their own due diligence. Located near the Suncoast parkway for easy commute to TPA/Tampa and close to shopping and dining. Masaryktown has that small town feel you'll love, but close to amenities. This is an exceptional opportunity to finish this project and make it your own! Schedule your appointment today!

12. 2026-04-06
    listed $275,000 Active 1613-char remark

    Show marketing remark (1613 chars)

    CASH ONLY! This Home is NOT fully completed. Perfect for investors or anyone looking for a project to complete and make their own! Adorable & modern, this 3-bedroom + flex space, 2-bath New Construction home is located in the quaint town of Masaryktown! Built in 2022 and situated on an oversized lot (over 1/4 of an acre), it has almost 1600 sqft of heated living space with a huge front porch! Open concept with a favorable split bedroom floor plan and there is a flex area or formal dining room-envision the space as it fits you. You will love the plank tile floors throughout and high ceilings! The kitchen features an eat-in-breakfast area and breakfast bar, granite counter tops, stainless steel appliances, deep single mount sink and pantry. The primary is spacious with a walk-in-closet and en-suite bathroom that includes double sink vanity with granite countertop and a sleek walk-in shower. The guest bedrooms are roomy, and guest bathroom features a tiled shower/tub combo! Inside laundry room with utility sink featuring granite countertop. Outside, you will find a covered paver patio and a large backyard! NOT in a flood zone, NO HOA and NO CDD fees! Some of the remaining items needed: Driveway, well, septic, AC unit, toilets, hot water heater and other fixtures. Buyer to perform their own due diligence. Located near the Suncoast parkway for easy commute to TPA/Tampa and close to shopping and dining. Masaryktown has that small town feel you'll love, but close to amenities. This is an exceptional opportunity to finish this project and make it your own! Schedule your appointment today!

13. 2026-04-06
    listed $275,000 Active

    Show marketing remark (1613 chars)

    CASH ONLY! This Home is NOT fully completed. Perfect for investors or anyone looking for a project to complete and make their own! Adorable & modern, this 3-bedroom + flex space, 2-bath New Construction home is located in the quaint town of Masaryktown! Built in 2022 and situated on an oversized lot (over 1/4 of an acre), it has almost 1600 sqft of heated living space with a huge front porch! Open concept with a favorable split bedroom floor plan and there is a flex area or formal dining room-envision the space as it fits you. You will love the plank tile floors throughout and high ceilings! The kitchen features an eat-in-breakfast area and breakfast bar, granite counter tops, stainless steel appliances, deep single mount sink and pantry. The primary is spacious with a walk-in-closet and en-suite bathroom that includes double sink vanity with granite countertop and a sleek walk-in shower. The guest bedrooms are roomy, and guest bathroom features a tiled shower/tub combo! Inside laundry room with utility sink featuring granite countertop. Outside, you will find a covered paver patio and a large backyard! NOT in a flood zone, NO HOA and NO CDD fees! Some of the remaining items needed: Driveway, well, septic, AC unit, toilets, hot water heater and other fixtures. Buyer to perform their own due diligence. Located near the Suncoast parkway for easy commute to TPA/Tampa and close to shopping and dining. Masaryktown has that small town feel you'll love, but close to amenities. This is an exceptional opportunity to finish this project and make it your own! Schedule your appointment today!

14. 2018-09-10
    soldstatus $7,000
15. 2008-05-05
    soldstatus $13,000
16. 2008-05-02
    soldstatus $13,000 84-char remark

    Show marketing remark (84 chars)

    Very nice building lot in neighborhood of newer homes. Lot has beautiful large oaks.

17. 2008-01-17
    listed $19,900 84-char remark

    Show marketing remark (84 chars)

    Very nice building lot in neighborhood of newer homes. Lot has beautiful large oaks.

ⓘ 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 3/10 Moderate FEMA zone X (shaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 26 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,968
• − Mortgage interest: −$14,564
• − Property taxes: −$3,900
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,997
• − Management: −$1,997
• − Depreciation: −$7,564
• Taxable loss: −$6,355
• Est. tax savings @ 24.0%: +$1,525
• After-tax cash flow: $-312/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 — Masaryktown

• Score: 64/100
• State rank: #686
• US rank: #14315

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: Masaryktown, FL
• County: Hernando County · 169,677 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 13,642
• Household income: $84,833
• Rent vs Own: 8.5% rent · 91.5% own
• Severe rent burden: 142.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 16% Two or more races 10% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 10% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Scotch-Irish 2%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 8% Other Indo-European 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: ▼ -84.38%
• Current HPI: 276.4751
• Rent YoY: ▲ 1.61%
• 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

+1206.5% since first listed

8 events — show timeline

• 2026-05-05 Price Changed $260,000 HCAR
• 2026-05-05 Price Changed $260,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Listed $275,000 HCAR
• 2026-04-06 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 2018-09-10 Sold (Public Records) $7,000 Public Records
• 2008-05-05 Sold (Public Records) $13,000 Public Records
• 2008-05-02 Sold (MLS) $13,000 HCAR
• 2008-01-17 Listed $19,900 HCAR

Property tax history

+8.7%/yr

Latest (2025): $412 · +23.6% YoY. Source: county tax records.