5089 N Tanglewood Ave · Hernando, FL 34442

$235,000

4 bd · 2.0 ba · 1,456 sqft · Land · 132 Days on market

Built 2025 1.17 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 +16.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• 1% rule +4.4/10.0
• 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

Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in flood zone, no H. O. A. s. Central location north to Ocala and south to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (SR 200).

Key facts

• Close to schools
• Surrounded by nature
• Spacious lot

Tags

• SPACIOUS LOT
• NEW HVAC SYSTEM
• NEW SEPTIC SYSTEM
• SURROUNDED BY NATURE
• CLOSE TO SHOPPING
• CLOSE TO SCHOOLS

Property features AI

Finance

• Other: Lot size about 1.17 acres (1 to less than 2 acres)
• HOA & community: No HOA / association

Exterior

• Parking: No parking details provided
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Manufactured home (double wide); One story; Faces west; New construction; Completed condition; Residential property
• Construction: Vinyl siding exterior; Shingle roof; Crawlspace foundation; Built by JT Mobile Installation LLC (model: Spark)
• Exterior features: Paved road access; Lot dimensions approximately 166 x 307

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $235k.

Deal economics

• At list price, monthly cash flow is $128 ($2k/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 $222k (5.6% below list).
• Recommended offer: $207k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.9% vs local median 5.6% in Hernando — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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.
• Market conditions: 444 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).
• At $2,218/mo this rent would consume 46% of the median local household income ($57k/yr) (locally 314% 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 132 days — a 12% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 3 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.
• Current owner paid $150k; list at $235k implies a 57% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 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. 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?
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: 0.94% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.33%
• DSCR: 1.10
• 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: -12.6%
• Equity multiple: 0.55×
• Total profit: $-29,898
• Equity at exit: $35,039

10-year hold

• IRR: -3.5%
• Equity multiple: 0.77×
• Total profit: $-15,407
• Equity at exit: $20,319

Cash invested: $65,800 (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 34442

• Home prices YoY: -21.9%
• Active inventory: 444
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,218 medium
• Mortgage (P&I): −$1,232
• Tax est. 1.5%: −$294 /mo · $3,525/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $128

Break-even live

Break-even rent $2,056

Max offer price $235,000

Occupancy floor 89%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6128 N Bayfront Dr Hernando, FL	3.0	2.0	1771	$2,250	$1.27	21d	1	1.34mi

Listing history 19 events

1. 2026-06-13
   remarks 699-char remark
2. 2026-06-13
   statusdays on market $235,000 Pending 132 DOM
3. 2026-06-09
   days on market $235,000 Active 130 DOM
4. 2026-06-08
   days on market $235,000 Active 129 DOM
5. 2026-06-03
   days on market $235,000 Active 124 DOM
6. 2026-06-02
   days on market $235,000 Active 123 DOM
7. 2026-06-01
   days on market $235,000 Active 122 DOM
8. 2026-05-31
   days on market $235,000 Active 121 DOM
9. 2026-05-30
   days on market $235,000 Active 120 DOM
10. 2026-01-30
    listed $235,000 Active
11. 2025-07-08
    soldstatus $150,000 Closed 423-char remark

    Show marketing remark (427 chars)

    Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in a flood zone, no H. O. A. s. Central location north to Ocala and South to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (S. R. 200)

12. 2025-07-08
    soldstatus $150,000 Closed 427-char remark

    Show marketing remark (427 chars)

    Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in a flood zone, no H. O. A. s. Central location north to Ocala and South to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (S. R. 200)

13. 2025-07-08
    soldstatus $150,000

    Show marketing remark (427 chars)

    Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in a flood zone, no H. O. A. s. Central location north to Ocala and South to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (S. R. 200)

14. 2025-06-24
    status Pending 427-char remark

    Show marketing remark (423 chars)

    Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in flood zone, no H. O. A. s. Central location north to Ocala and south to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (SR 200).

15. 2025-06-24
    status Pending 423-char remark

    Show marketing remark (423 chars)

    Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in flood zone, no H. O. A. s. Central location north to Ocala and south to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (SR 200).

16. 2025-05-10
    listed $199,000 Active 423-char remark

    Show marketing remark (427 chars)

    Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in a flood zone, no H. O. A. s. Central location north to Ocala and South to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (S. R. 200)

17. 2025-05-10
    listed $199,000 Active 427-char remark

    Show marketing remark (427 chars)

    Opportunity to own nearly half the block on Tanglewood Ave. ! Property offers six lots all with separate Alt keys, all over one acre, possibility to forgo higher priced septic installation. Zoned for mobile homes as well as site built. Land is high and dry not in a flood zone, no H. O. A. s. Central location north to Ocala and South to Inverness via State Road 200. Lots 81-84 on east side front Carl G. Rose Hwy. (S. R. 200)

18. 2017-08-29
    soldstatus $24,900
19. 1981-09-01
    soldstatus $2,889

ⓘ 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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $26,612
• − Mortgage interest: −$13,164
• − Property taxes: −$3,525
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,129
• − Management: −$2,129
• − Depreciation: −$6,836
• Taxable loss: −$2,346
• Est. tax savings @ 24.0%: +$563
• After-tax cash flow: $2,098/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

+8034.3% since first listed

10 events — show timeline

• 2026-01-30 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Sold (Public Records) $150,000 Public Records
• 2025-07-08 Sold (MLS) $150,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Sold (MLS) $150,000 RACC
• 2025-06-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-06-24 Pending — RACC
• 2025-05-10 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-10 Listed $199,000 RACC
• 2017-08-29 Sold (Public Records) $24,900 Public Records
• 1981-09-01 Sold (Public Records) $2,889 Public Records

Property tax history

+2.8%/yr

Latest (2025): $286 · +13.4% YoY. Source: county tax records.