8267 W Jennifer Ct · Pine Ridge, FL 34428

$219,900

4 bd · 2.0 ba · 1,813 sqft · Land · 287 Days on market

Built 2025 1.03 ac lot

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Why this score? — see what drove the C- 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 +21.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.6/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is the corner lot (1.03 acres) of 3.09 total acres for sale. This untouched piece of property is ready to clear and build on. This property offers both the convenience of being near down town Crystal River paired with being in a wooded area away from the hustle and bustle. Also close by to the veterans expressway, so a trip to Tampa is a fairly straight shot.

Key facts

• Expansive lot
• New construction
• 1.03 acre lot

Tags

• NEW CONSTRUCTION
• EXPANSIVE LOT
• TRANQUIL NEIGHBORHOOD

Property features AI

Finance

• Other: Located on approximately 1.03 acres (lot dimensions ~134 x 331); Property type: Residential (Modular); Zoning: RURMH; Living area reported as 1,813 square feet; Directions: From downtown Crystal River head west on NW Highway 44 for ~3.5 miles, then left onto W Jennifer Court; property is new construction on the right with a cleared driveway

Exterior

• Utilities: Well water; Septic system; Electricity connected
• Home design: Modular home; One story; South-facing entry
• Construction: Metal siding; Shingle roof; New construction; Slab and stem wall foundation
• Exterior features: Other exterior features; Gravel, limerock and unimproved road access

Interior

• Kitchen: Other kitchen appliances
• Bedrooms: 4 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Other interior features
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $220k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $220k).
• Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 3.4% in Pine Ridge — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#565 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: health & safety C-, schools F, 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.
• Market conditions: 322 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• At $2,339/mo this rent would consume 55% of the median local household income ($51k/yr) (locally 264% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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 287 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $55k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $40k; list at $220k implies a 450% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major 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 $193,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 287 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 1.06% ✓
• Cap rate: 8.08%
• Cash-on-cash: 6.40%
• DSCR: 1.28
• GRM: 7.8

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: -6.4%
• Equity multiple: 0.76×
• Total profit: $-14,683
• Equity at exit: $32,788

10-year hold

• IRR: 3.2%
• Equity multiple: 1.23×
• Total profit: $14,289
• Equity at exit: $19,013

Cash invested: $61,572 (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 34428

• Home prices YoY: -15.3%
• Active inventory: 322
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $2,339 medium
• Mortgage (P&I): −$1,153
• Tax est. 1.5%: −$275 /mo · $3,298/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$491
• Net cashflow: $328

Break-even live

Break-even rent $1,924

Max offer price $219,900

Occupancy floor 81%

Sensitivity live

Price	-10% $480	-5% $404	+0% $328	+5% $252	+10% $176
Rent	-10% $144	-5% $236	+0% $328	+5% $421	+10% $513
Rate	-1.0pp $439	-0.5pp $384	base $328	+0.5pp $271	+1.0pp $213

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-13
   status $219,900 Pending 287 DOM
2. 2026-06-09
   days on market $219,900 Active 287 DOM
3. 2026-06-08
   days on market $219,900 Active 286 DOM
4. 2026-06-03
   days on market $219,900 Active 281 DOM
5. 2026-06-02
   days on market $219,900 Active 280 DOM
6. 2026-06-01
   days on market $219,900 Active 279 DOM
7. 2026-05-31
   days on market $219,900 Active 278 DOM
8. 2026-05-30
   days on market $219,900 Active 277 DOM
9. 2025-12-24
   price $219,900
10. 2025-12-16
    price $234,900
11. 2025-10-10
    price $249,900
12. 2025-08-28
    price $282,000
13. 2025-08-26
    listed $275,000 Active
14. 2024-06-06
    soldstatus $40,000
15. 2024-05-03
    soldstatus $20,000 Closed 366-char remark

    Show marketing remark (366 chars)

    This is the corner lot (1.03 acres) of 3.09 total acres for sale. This untouched piece of property is ready to clear and build on. This property offers both the convenience of being near down town Crystal River paired with being in a wooded area away from the hustle and bustle. Also close by to the veterans expressway, so a trip to Tampa is a fairly straight shot.

16. 2024-05-01
    status Pending 366-char remark

    Show marketing remark (366 chars)

    This is the corner lot (1.03 acres) of 3.09 total acres for sale. This untouched piece of property is ready to clear and build on. This property offers both the convenience of being near down town Crystal River paired with being in a wooded area away from the hustle and bustle. Also close by to the veterans expressway, so a trip to Tampa is a fairly straight shot.

17. 2024-04-24
    status Active 366-char remark

    Show marketing remark (366 chars)

    This is the corner lot (1.03 acres) of 3.09 total acres for sale. This untouched piece of property is ready to clear and build on. This property offers both the convenience of being near down town Crystal River paired with being in a wooded area away from the hustle and bustle. Also close by to the veterans expressway, so a trip to Tampa is a fairly straight shot.

18. 2024-04-13
    status Pending 366-char remark

    Show marketing remark (366 chars)

    This is the corner lot (1.03 acres) of 3.09 total acres for sale. This untouched piece of property is ready to clear and build on. This property offers both the convenience of being near down town Crystal River paired with being in a wooded area away from the hustle and bustle. Also close by to the veterans expressway, so a trip to Tampa is a fairly straight shot.

19. 2024-04-02
    listed $22,000 Active 366-char remark

    Show marketing remark (366 chars)

    This is the corner lot (1.03 acres) of 3.09 total acres for sale. This untouched piece of property is ready to clear and build on. This property offers both the convenience of being near down town Crystal River paired with being in a wooded area away from the hustle and bustle. Also close by to the veterans expressway, so a trip to Tampa is a fairly straight shot.

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 54% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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: $28,072
• − Mortgage interest: −$12,318
• − Property taxes: −$3,298
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,246
• − Management: −$2,246
• − Depreciation: −$6,397
• Taxable income: $467
• Est. tax owed @ 24.0%: −$112
• After-tax cash flow: $3,828/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 — Pine Ridge

• Score: 67/100
• State rank: #565
• US rank: #10798

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Citrus County · 111,314 people
• City population: 18,514
• Metro: Homosassa Springs, FL
• Population (ZIP): 10,163
• Household income: $50,779
• Rent vs Own: 22.8% rent · 77.2% own
• Severe rent burden: 264.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 5% Asian 2%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 5% · Canada, Jamaica, South Korea
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -57.32%
• Current HPI: 317.7637
• 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

+899.5% since first listed

11 events — show timeline

• 2025-12-24 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-16 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-10 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-28 Price Changed $282,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-26 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-06 Sold (Public Records) $40,000 Public Records
• 2024-05-03 Sold (MLS) $20,000 RACC
• 2024-05-01 Pending — RACC
• 2024-04-24 Relisted — RACC
• 2024-04-13 Pending — RACC
• 2024-04-02 Listed $22,000 RACC

Property tax history

+10.6%/yr

Latest (2025): $276 · +78.8% YoY. Source: county tax records.