3310 N Canterbury Lake Dr · Hernando, FL 34442

$279,900

3 bd · 2.0 ba · 1,434 sqft · SingleFamily public records · 71 Days on market

Built 2000 10,057 sqft lot Est $265k · 6% over $43/mo HOA · 2% of rent

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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 +12.0/30.0
• ARV discount +5.0/15.0
• Schools +4.1/10.0
• DSCR +3.6/10.0
• Livability +3.6/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS HOME SHOWS PRIDE OF OWNERSHIP. So many updates to enjoy - newly painted inside & out, new hurricane energy-efficient windows & water heater, updated baths, beautiful new flooring, custom window treatments & interior laundry. Enjoy privacy & nature from screened lanai w/ DRA at rear of home, convenient parking pad, oversized garage & great curb appeal w/ manicured professionally landscaped yard. Wonderful community to live in w/ club house, swimming pool, tennis courts & bike trail. Totally move-in ready, OWNERS PRICED HOME TO SELL!

Key facts

• 0.23 acre lot
• 2 garage spots
• Community pool

Property features AI

Finance

• Other: Zoning: A1; Subdivision: Citrus Hills - Canterbury Lake Estates
• HOA & community: Homeowners association with annual fee of $511 (about $42.58/month); Community amenities: pool, clubhouse, golf, restaurant, tennis courts, fitness center

Exterior

• Parking: 2 total parking spaces; Attached 2-car garage; Driveway; Concrete surfaces; Garage door opener
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; East-facing
• Construction: Block, concrete and stucco construction; Asphalt shingle roof; Block and slab foundation; Built with landscaped, level lot
• Exterior features: Barbecue area; Rain gutters; Sliding doors; Community pool and spa

Interior

• Kitchen: Dishwasher; Electric range/oven; Microwave; Refrigerator; Breakfast bar; Eat-in space; Pantry
• Bedrooms: Rooms total: 7
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Breakfast bar; Eat-in kitchen; High ceilings; Pantry; Solar tubes; Vaulted ceilings; Walk-in closets; Primary bedroom on main level; Blinds and window coverings; Furnished; Fireplace
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $-65 ($-780/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (4.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (23.4% below list).
• Recommended offer: $214k (23.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#402 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, 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.
• Zoned schools: Hernando Elementary School (math 47% / reading 51%, grade D, #1,134 of 2,144 statewide, top 54%, 813 students, 71% FRL); Citrus Springs Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 821 students, 59% FRL); Citrus High School (math 34% / reading 51%, grade F, #264 of 667 statewide, top 41%, 1,503 students, 54% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 448 active listings in the ZIP; 4 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 45% of the median local income ($57k/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 71 days — a 6% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y 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.
• Current owner paid $242k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $214,281 (23.4% 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 71 days. Have you received any prior offers? Is the seller open to a 23% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.77% ✗
• Cap rate: 6.01%
• Cash-on-cash: -0.99%
• DSCR: 0.96
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $265,290
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2665 E Maidstone Ct	0.07mi	3/2.0	1,513 (+6%)	1mo	$334,990	$221	87
3174 N Lambeth Path	0.22mi	2/2.0 (-1)	1,479 (+3%)	7mo	$242,500	$164	74
3191 N Chandler Dr	0.31mi	3/2.0	1,513 (+6%)	3mo	$339,990	$225	74
2958 N Kittery Pt	0.64mi	3/2.0	1,394 (-3%)	2mo	$249,900	$179	63
3163 N Chandler Dr	0.35mi	3/2.0	1,632 (+14%)	3mo	$302,000	$185	58
3099 N Stratham Pt	0.37mi	3/2.0	1,552 (+8%)	13mo	$285,000	$184	58
2846 N Kittery Pt	0.61mi	2/2.0 (-1)	1,437 (+0%)	11mo	$195,250	$136	57
2745 N Canterbury Lake Dr	0.67mi	3/2.0	1,514 (+6%)	7mo	$287,000	$190	53
2857 Churchill	0.73mi	3/2.0	1,548 (+8%)	1mo	$232,000	$150	52
2885 N Attebury Pt	0.36mi	2/2.0 (-1)	1,282 (-11%)	12mo	$242,000	$189	51
2874 N Churchill Way	0.68mi	3/2.0	1,489 (+4%)	14mo	$255,000	$171	50
2734 N Canterbury Lake Dr	0.71mi	3/2.0	1,603 (+12%)	22mo	$300,000	$187	29

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: -18.0%
• Equity multiple: 0.37×
• Total profit: $-49,569
• Equity at exit: $41,734

10-year hold

• IRR: -10.2%
• Equity multiple: 0.38×
• Total profit: $-48,801
• Equity at exit: $24,201

Cash invested: $78,372 (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 34442

• Home prices YoY: -21.9%
• Active inventory: 448
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,143 medium
• Mortgage (P&I): −$1,468
• Tax from tax record: −$130 /mo · $1,564/yr
• Insurance: −$117
• HOA: −$43
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $-65

Break-even live

Break-even rent $2,225

Max offer price $268,424

Occupancy floor 98%

Sensitivity live

Price	-10% $93	-5% $14	+0% $-65	+5% $-144	+10% $-223
Rent	-10% $-234	-5% $-150	+0% $-65	+5% $20	+10% $104
Rate	-1.0pp $76	-0.5pp $6	base $-65	+0.5pp $-137	+1.0pp $-211

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3723 N Chandler Dr Hernando, FL	3.0	2.0	1726	$2,400	$1.39	23d	1	0.36mi
2961 E Brigadoon Ct Hernando, FL	4.0	2.0	1620	$2,300	$1.42	23d	1	0.45mi
2500 E Modern Ct Unit 4 Hernando, FL	2.0	1.0	950	$1,200	$1.26	23d	1	0.52mi
2675 N Canterbury Lake Dr Hernando, FL	3.0	2.0	1855	$2,000	$1.08	23d	1	0.81mi

HOA detail

• Monthly dues: $43 · $516/yr
• Likely covers: waterpool

Listing history 27 events

1. 2026-06-21
   days on market $279,900 Active 71 DOM
2. 2026-06-19
   days on market $279,900 Active 69 DOM
3. 2026-06-18
   days on market $279,900 Active 68 DOM
4. 2026-06-17
   days on market $279,900 Active 67 DOM
5. 2026-06-16
   days on market $279,900 Active 66 DOM
6. 2026-06-15
   days on market $279,900 Active 65 DOM
7. 2026-06-14
   days on market $279,900 Active 63 DOM
8. 2026-06-13
   days on market $279,900 Active 62 DOM
9. 2026-06-09
   days on market $279,900 Active 59 DOM
10. 2026-06-08
    days on market $279,900 Active 58 DOM
11. 2026-06-07
    days on market $279,900 Active 57 DOM
12. 2026-06-03
    days on market $279,900 Active 53 DOM
13. 2026-06-02
    days on market $279,900 Active 52 DOM
14. 2026-06-01
    days on market $279,900 Active 51 DOM
15. 2026-05-31
    days on market $279,900 Active 50 DOM
16. 2026-05-30
    days on market $279,900 Active 49 DOM
17. 2026-05-21
    status Active
18. 2026-05-20
    historical
19. 2026-05-19
    price $279,900
20. 2026-04-28
    price $285,000
21. 2026-04-10
    price $289,000
22. 2026-04-10
    listed $279,900 Active
23. 2022-02-21
    soldstatus $242,000
24. 2012-05-03
    soldstatus $110,000
25. 2012-05-01
    soldstatus $110,000 580-char remark

    Show marketing remark (580 chars)

    THIS HOME SHOWS PRIDE OF OWNERSHIP. So many updates to enjoy - newly painted inside & out, new hurricane energy-efficient windows & water heater, updated baths, beautiful new flooring, custom window treatments & interior laundry. Enjoy privacy & nature from screened lanai w/ DRA at rear of home, convenient parking pad, oversized garage & great curb appeal w/ manicured professionally landscaped yard. Wonderful community to live in w/ club house, swimming pool, tennis courts & bike trail. Totally move-in ready, OWNERS PRICED HOME TO SELL!

26. 2012-03-08
    listed $104,900 580-char remark

    Show marketing remark (580 chars)

    THIS HOME SHOWS PRIDE OF OWNERSHIP. So many updates to enjoy - newly painted inside & out, new hurricane energy-efficient windows & water heater, updated baths, beautiful new flooring, custom window treatments & interior laundry. Enjoy privacy & nature from screened lanai w/ DRA at rear of home, convenient parking pad, oversized garage & great curb appeal w/ manicured professionally landscaped yard. Wonderful community to live in w/ club house, swimming pool, tennis courts & bike trail. Totally move-in ready, OWNERS PRICED HOME TO SELL!

27. 2000-09-18
    soldstatus $130,000

ⓘ 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: $1,564 · $130/mo
• Projected year-2 tax: $2,323 · $194/mo
• Expected delta: +$759/yr (+$63/mo · 48.5%)

ⓘ 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 9/10 Extreme 7 d/yr ≥108°F today · 24 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: $25,714
• − Mortgage interest: −$15,679
• − Property taxes: −$1,564
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,057
• − Management: −$2,057
• − HOA: −$516
• − Depreciation: −$8,143
• Taxable loss: −$5,701
• Est. tax savings @ 24.0%: +$1,368
• After-tax cash flow: $589/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 — Hernando

• Score: 71/100
• State rank: #402
• US rank: #7137

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hernando, FL
• County: Citrus County · 111,314 people
• City population: 17,281
• Metro: Homosassa Springs, FL
• Population (ZIP): 17,281
• Household income: $57,259
• Rent vs Own: 12.9% rent · 87.1% own
• Severe rent burden: 314.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 2%
• Common ancestry: Romanian 4% Slovak 4% Lithuanian 3%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 93% English-only · Spanish 3% German/W. Germanic 2% Tagalog/Filipino 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: ▼ -76.70%
• Current HPI: 273.3262
• 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

+115.3% since first listed

11 events — show timeline

• 2026-05-21 Relisted — RACC
• 2026-05-20 Delisted — RACC
• 2026-05-19 Price Changed $279,900 RACC
• 2026-04-28 Price Changed $285,000 RACC
• 2026-04-10 Price Changed $289,000 RACC
• 2026-04-10 Listed $279,900 RACC
• 2022-02-21 Sold (Public Records) $242,000 Public Records
• 2012-05-03 Sold (Public Records) $110,000 Public Records
• 2012-05-01 Sold (MLS) $110,000 RACC
• 2012-03-08 Listed $104,900 RACC
• 2000-09-18 Sold (Public Records) $130,000 Public Records

Property tax history

+7.9%/yr

Latest (2025): $1,564 · +6.5% YoY. Source: county tax records.