6437 W Akazian Ln · Homosassa Springs, FL 34446

$214,900

3 bd · 1.0 ba · 1,344 sqft · Land public records · 217 Days on market

Built 2024 0.26 ac lot

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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 +16.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

Key facts

• Oversize kitchen
• Large breakfast bar
• No flood zone

Tags

• NO HOA
• NO FLOOD ZONE
• OVERSIZE KITCHEN
• LARGE BREAKFAST BAR
• COFFEE BAR
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Residential property — manufactured home subtype; Zoning: RUR

Exterior

• Parking: Driveway
• Utilities: Septic tank; Water connected; Electricity connected; Cable available; Phone available; One well
• Home design: Manufactured home (double wide); One story; Faces west
• Construction: Vinyl siding; Shingle roof; Pillar/Post/Pier foundation; Completed condition; Shed(s) on property; Double wide body type; Built on approx. 0.26-acre lot (1/4 to less than 1/2 acre)
• Exterior features: Sliding doors; Board fencing; Cleared and landscaped lot; Paved areas

Interior

• Kitchen: Dishwasher; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Kitchen/family room combo; Open floorplan; Solid wood cabinets; Split bedroom layout; Thermostat; Vaulted ceilings; Walk-in closets
• Laundry & utility: Laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath land listed at $215k.

Deal economics

• At list price, monthly cash flow is $61 ($730/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (5.0% below list).
• Recommended offer: $189k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#391 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime 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: Homosassa Elementary School (math 62% / reading 47%, grade C, #892 of 2,144 statewide, top 44%, 411 students, 78% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 582 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 42% 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 $1k of loan paydown is wiped out by about $6k 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 217 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $215k implies a 760% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $189,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 217 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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: 0.95% ✗
• Cap rate: 7.00%
• Cash-on-cash: 2.54%
• DSCR: 1.11
• GRM: 8.8

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: -14.3%
• Equity multiple: 0.49×
• Total profit: $-30,878
• Equity at exit: $32,042

10-year hold

• IRR: -5.5%
• Equity multiple: 0.64×
• Total profit: $-21,610
• Equity at exit: $18,581

Cash invested: $60,172 (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 34446

• Home prices YoY: -10.4%
• Active inventory: 582
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,041 medium
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,224/yr
• Insurance: −$90
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $61

Break-even live

Break-even rent $1,964

Max offer price $214,900

Occupancy floor 92%

Sensitivity live

Price	-10% $209	-5% $135	+0% $61	+5% $-13	+10% $-88
Rent	-10% $-100	-5% $-20	+0% $61	+5% $141	+10% $222
Rate	-1.0pp $169	-0.5pp $115	base $61	+0.5pp $5	+1.0pp $-52

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 Golfview Dr Homosassa, FL	2.0	2.0	1507	$2,000	$1.33	21d	1	1.48mi

Listing history 21 events

1. 2026-06-03
   status $214,900 Pending 217 DOM
2. 2026-06-02
   days on market $214,900 Active 217 DOM
3. 2026-06-01
   days on market $214,900 Active 216 DOM
4. 2026-05-31
   days on market $214,900 Active 215 DOM
5. 2026-05-30
   days on market $214,900 Active 214 DOM
6. 2026-03-27
   price $214,900 795-char remark

   Show marketing remark (795 chars)

   Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

7. 2026-03-27
   price $214,900

   Show marketing remark (795 chars)

   Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

8. 2025-12-15
   price $224,900 795-char remark

   Show marketing remark (795 chars)

   Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

9. 2025-10-28
   listed $229,900 Active
10. 2025-10-14
    price $229,900 795-char remark

    Show marketing remark (795 chars)

    Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

11. 2025-10-14
    status Active 795-char remark

    Show marketing remark (795 chars)

    Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

12. 2025-10-14
    historical 795-char remark

    Show marketing remark (795 chars)

    Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

13. 2025-07-02
    price $234,900 795-char remark

    Show marketing remark (795 chars)

    Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

14. 2025-05-29
    price $237,400 795-char remark

    Show marketing remark (795 chars)

    Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

15. 2025-03-20
    listed $237,900 Active 795-char remark

    Show marketing remark (795 chars)

    Motivated Seller! Reduced $10,000. 1 Owner - Like New -No HOA- No Flood Zone. This open concept living, features large family room with wood accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets with upgraded soft close drawers' and stainless-steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms for privacy for family and friends. Brand New Privacy fence on 2 sides for added privacy. Come enjoy all Citrus County has to offer, fishing boating, kayaking, swimming with the manatees, waterfront restaurants and bike trails. Near Suncoast Parkway for easy access to Tampa and the airport. Call to schedule your showing today! Some photos are for illustration purposes.

16. 2025-01-21
    soldstatus $25,000
17. 2025-01-17
    soldstatus $25,000 Closed 687-char remark

    Show marketing remark (687 chars)

    Tucked away in Homosassa, FL, this perfectly situated lot awaits your dream home. The previous mobile home on the property was removed. With a septic tank and utility pole already on the property and a clear lot with impact fees covered, you already have a head start on building your dream home. With the town of Crystal River only 20 minutes away, Inverness 30 minutes, Ocala 1 hour, and Tampa 1 hour you are near all area amenities such as shopping, schools, dining, entertainment, and medical centers while also being able to enjoy the peace and quiet of the countryside. NO HOA or Deed Restrictions. Zoned RURMH. Mobile Homes Allowed. The buyer is responsible for all due diligence.

18. 2024-12-23
    status Pending 687-char remark

    Show marketing remark (687 chars)

    Tucked away in Homosassa, FL, this perfectly situated lot awaits your dream home. The previous mobile home on the property was removed. With a septic tank and utility pole already on the property and a clear lot with impact fees covered, you already have a head start on building your dream home. With the town of Crystal River only 20 minutes away, Inverness 30 minutes, Ocala 1 hour, and Tampa 1 hour you are near all area amenities such as shopping, schools, dining, entertainment, and medical centers while also being able to enjoy the peace and quiet of the countryside. NO HOA or Deed Restrictions. Zoned RURMH. Mobile Homes Allowed. The buyer is responsible for all due diligence.

19. 2024-12-18
    price $35,000 687-char remark

    Show marketing remark (687 chars)

    Tucked away in Homosassa, FL, this perfectly situated lot awaits your dream home. The previous mobile home on the property was removed. With a septic tank and utility pole already on the property and a clear lot with impact fees covered, you already have a head start on building your dream home. With the town of Crystal River only 20 minutes away, Inverness 30 minutes, Ocala 1 hour, and Tampa 1 hour you are near all area amenities such as shopping, schools, dining, entertainment, and medical centers while also being able to enjoy the peace and quiet of the countryside. NO HOA or Deed Restrictions. Zoned RURMH. Mobile Homes Allowed. The buyer is responsible for all due diligence.

20. 2024-12-06
    listed $37,500 Active 687-char remark

    Show marketing remark (687 chars)

    Tucked away in Homosassa, FL, this perfectly situated lot awaits your dream home. The previous mobile home on the property was removed. With a septic tank and utility pole already on the property and a clear lot with impact fees covered, you already have a head start on building your dream home. With the town of Crystal River only 20 minutes away, Inverness 30 minutes, Ocala 1 hour, and Tampa 1 hour you are near all area amenities such as shopping, schools, dining, entertainment, and medical centers while also being able to enjoy the peace and quiet of the countryside. NO HOA or Deed Restrictions. Zoned RURMH. Mobile Homes Allowed. The buyer is responsible for all due diligence.

21. 1984-02-01
    soldstatus $15,000

ⓘ 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 7/10 Severe FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 25 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: $24,492
• − Mortgage interest: −$12,038
• − Property taxes: −$3,224
• − Insurance: −$1,872
• − Repairs & maintenance: −$1,959
• − Management: −$1,959
• − Depreciation: −$6,252
• Taxable loss: −$2,811
• Est. tax savings @ 24.0%: +$675
• After-tax cash flow: $1,405/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 — Homosassa Springs

• Score: 71/100
• State rank: #391
• US rank: #6877

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homosassa Springs, FL
• County: Citrus County · 111,314 people
• Metro: Homosassa Springs, FL
• Population (ZIP): 19,102
• Household income: $58,802
• Rent vs Own: 6.9% rent · 93.1% own
• Severe rent burden: 121.0

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% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 4% Lithuanian 4% Slovak 3%
• Foreign-born: 5% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -32.11%
• Current HPI: 277.2576
• 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

+1332.7% since first listed

16 events — show timeline

• 2026-03-27 Price Changed $214,900 RACC
• 2026-03-27 Price Changed $214,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-15 Price Changed $224,900 RACC
• 2025-10-28 Listed $229,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-14 Price Changed $229,900 RACC
• 2025-10-14 Relisted — RACC
• 2025-10-14 Delisted — RACC
• 2025-07-02 Price Changed $234,900 RACC
• 2025-05-29 Price Changed $237,400 RACC
• 2025-03-20 Listed $237,900 RACC
• 2025-01-21 Sold (Public Records) $25,000 Public Records
• 2025-01-17 Sold (MLS) $25,000 RACC
• 2024-12-23 Pending — RACC
• 2024-12-18 Price Changed $35,000 RACC
• 2024-12-06 Listed $37,500 RACC
• 1984-02-01 Sold (Public Records) $15,000 Public Records

Property tax history

-4.7%/yr

Latest (2025): $176 · +32.8% YoY. Source: county tax records.