9929 N Allison Dr · Citrus Springs, FL 34434

$227,000

4 bd · 2.0 ba · 1,411 sqft · Land · 20 Days on market

Built 2026 0.34 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 +11.6/30.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• DSCR +3.4/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.1/10.0

Listing remarks MLS

New construction, builder pays $7,500 in closing costs! This 4 bedroom home offers a lovely family-friendly floorplan, and is the lowest priced new home construction homes in Citrus Springs. Don't miss out on this very affordable home, fully equipped with all appliances including washer, dryer and refrigerator and also includes window treatments. This well built home showcases four ample sized bedrooms, two full baths, and a warm, cozy floor plan. The kitchen offers wood cabinetry, hard surface countertops, Frigidaire appliances, including the refrigerator. Throughout the home, you will love the ease of maintenance and the beautiful look of the luxury vinyl plank flooring. NO Carpet!! The inside laundry room is bright and cheerful, with a large window to bring in natural light and includes an Amana washer and dryer. It is truly move-in ready. For further peace of mind, the heat pump is a Trane, and the roof has 25-year shingles. You'll love the ease of maintenance, as well as the exterior siding. No painting! This home is situated on one of the largest homesites in the community, adding to the fantastic ambiance of this home and the fabulous price. There are no HOA fees, and Citrus Springs has a community center, tennis courts, and recreational activities for the outdoor enthusiasts. Citrus Springs is also located near freshwater fishing, biking trails, and a short distance away to Crystal River for saltwater fishing or swimming with the manatees. Don't miss out on this very affordable home, all appliances, and no HOA fees! Some photos are included of the furnished model of the same floor plan, so you can see how well this home lives. This home showcases Florida lifestyle living at a truly affordable price.

Key facts

• New construction
• Wood cabinetry
• 0.34 acre lot

Tags

• NEW CONSTRUCTION
• BUILDER PAYS CLOSING COSTS
• FULLY EQUIPPED WITH APPLIANCES
• INCLUDES WINDOW TREATMENTS
• WOOD CABINETRY
• HARD SURFACE COUNTERTOPS

Property features AI

Finance

• Other: Home warranty included; Public maintained asphalt road access; Lot dimensions approximately 132 x 145; Lot size about 0.34 acre (1/4 to less than 1/2 acre)

Exterior

• Parking: Attached garage; 1-car garage
• Utilities: Public water; Septic tank; Electricity connected; Cable available; Broadband/high-speed internet available
• Home design: Single-family residence; Residential property; One story; Faces west; Completed/new construction
• Construction: Vinyl siding; Shingle roof; Slab foundation; New construction
• Exterior features: Oversized paved lot; Trees/landscaped

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Eat-in kitchen; Solid surface counters; Solid wood cabinets; Thermostat; Walk-in closet(s)
• Laundry & utility: Inside laundry room; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $227k.

Deal economics

• At list price, monthly cash flow is $-72 ($-866/yr) — negative.
• To cash-flow at today's rent, offer at most $217k (4.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (16.5% below list).
• Recommended offer: $189k (16.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#521 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, 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.
• Zoned schools: Citrus Springs Elementary School (math 52% / reading 48%, grade D+, #1,070 of 2,144 statewide, top 51%, 817 students, 71% FRL); Crystal River High School (math 31% / reading 44%, grade F, #336 of 667 statewide, top 51%, 1,249 students, 56% FRL).
• Market conditions: 1242 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 33% of the median local income ($69k/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 $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 20 days — a 2% lower offer ($224k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Recommended offer $189,438 (16.5% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.83% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.36%
• DSCR: 0.94
• GRM: 10.0

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: -18.5%
• Equity multiple: 0.35×
• Total profit: $-41,353
• Equity at exit: $33,846

10-year hold

• IRR: -10.9%
• Equity multiple: 0.34×
• Total profit: $-41,813
• Equity at exit: $19,627

Cash invested: $63,560 (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 34434

• Home prices YoY: -2.9%
• Active inventory: 1242
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,894 high
• Mortgage (P&I): −$1,190
• Tax est. 1.5%: −$284 /mo · $3,405/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$398
• Net cashflow: $-72

Break-even live

Break-even rent $1,986

Max offer price $216,555

Occupancy floor 99%

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: $56,750
• Closing costs: $6,810
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2330 W Juan Vega Ln Dunnellon, FL	3.0	2.0	1204	$1,675	$1.39	20d	1	0.67mi
1924 W Roseboro Dr Dunnellon, FL	4.0	2.0	1449	$1,795	$1.24	20d	1	0.67mi
9730 N Elkcam Blvd Citrus Springs, FL	4.0	2.0	1672	$1,785	$1.07	20d	1	0.74mi
9545 N Travis Dr Unit A Citrus Springs, FL	3.0	2.0	1000	$1,350	$1.35	20d	1	0.77mi
9543B N Travis Dr Unit A Citrus Springs, FL	3.0	2.0	1000	$1,350	$1.35	20d	1	0.78mi
9305 N Citrus Springs Blvd Citrus Springs, FL	3.0	2.0	1411	$1,800	$1.28	20d	1	0.87mi
9081 N Golfview Dr Citrus Springs, FL	3.0	1.5	1374	$1,400	$1.02	20d	1	0.88mi
9995 N Sandree Dr Citrus Springs, FL	3.0	2.0	1453	$1,895	$1.30	20d	1	0.89mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	20d	1	0.92mi
10872 N Frantz Ave Citrus Springs, FL	4.0	2.0	1449	$1,815	$1.25	20d	1	0.96mi
9205 N Fawn Way Citrus Springs, FL	3.0	2.0	1428	$1,750	$1.23	20d	1	1.01mi
2907 W Camilo Dr Citrus Springs, FL	4.0	2.0	1449	$1,795	$1.24	20d	1	1.01mi
10990 N Adler Dr Citrus Springs, FL	4.0	2.0	1833	$2,100	$1.15	20d	1	1.07mi
9676 N Jourden Dr Citrus Springs, FL	3.0	2.0	1353	$1,750	$1.29	20d	1	1.08mi
9298 N Mendoza Way Citrus Springs, FL	3.0	2.0	1350	$1,800	$1.33	20d	1	1.13mi
2799 W Sheila Dr Citrus Springs, FL	4.0	2.0	1449	$1,815	$1.25	20d	1	1.14mi
9127 N Justa Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	20d	1	1.31mi
11127 N Trigger Ter Citrus Springs, FL	3.0	2.0	1409	$1,795	$1.27	20d	1	1.41mi
1150 W G Martinelli Blvd Citrus Springs, FL	3.0	2.0	1276	$1,600	$1.25	20d	1	1.46mi

Listing history 6 events

1. 2026-05-06
   listed $227,000 Active
2. 2026-05-03
   listed $227,000 Active 1736-char remark

   Show marketing remark (1736 chars)

   New construction, builder pays $7,500 in closing costs! This 4 bedroom home offers a lovely family-friendly floorplan, and is the lowest priced new home construction homes in Citrus Springs. Don't miss out on this very affordable home, fully equipped with all appliances including washer, dryer and refrigerator and also includes window treatments. This well built home showcases four ample sized bedrooms, two full baths, and a warm, cozy floor plan. The kitchen offers wood cabinetry, hard surface countertops, Frigidaire appliances, including the refrigerator. Throughout the home, you will love the ease of maintenance and the beautiful look of the luxury vinyl plank flooring. NO Carpet!! The inside laundry room is bright and cheerful, with a large window to bring in natural light and includes an Amana washer and dryer. It is truly move-in ready. For further peace of mind, the heat pump is a Trane, and the roof has 25-year shingles. You'll love the ease of maintenance, as well as the exterior siding. No painting! This home is situated on one of the largest homesites in the community, adding to the fantastic ambiance of this home and the fabulous price. There are no HOA fees, and Citrus Springs has a community center, tennis courts, and recreational activities for the outdoor enthusiasts. Citrus Springs is also located near freshwater fishing, biking trails, and a short distance away to Crystal River for saltwater fishing or swimming with the manatees. Don't miss out on this very affordable home, all appliances, and no HOA fees! Some photos are included of the furnished model of the same floor plan, so you can see how well this home lives. This home showcases Florida lifestyle living at a truly affordable price.

3. 2019-09-30
   soldstatus $500,000
4. 2005-06-28
   soldstatus $10,750,000
5. 2005-06-13
   soldstatus $6,000,000
6. 1992-12-01
   soldstatus $6,342,700

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,733
• − Mortgage interest: −$12,716
• − Property taxes: −$3,405
• − Insurance: −$1,135
• − Repairs & maintenance: −$1,819
• − Management: −$1,819
• − Depreciation: −$6,604
• Taxable loss: −$4,764
• Est. tax savings @ 24.0%: +$1,143
• After-tax cash flow: $277/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 — Citrus Springs

• Score: 68/100
• State rank: #521
• US rank: #9598

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Citrus Springs, FL
• County: Citrus County · 111,314 people
• City population: 10,730
• Metro: Homosassa Springs, FL
• Population (ZIP): 11,074
• Household income: $68,939
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 171.0

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 (78%)
• Race & ethnicity: White 78% Two or more races 11% Hispanic / Latino 9% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Iranian 3% Romanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% Other Indo-European 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: ▼ -9.70%
• Current HPI: 328.2164
• 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

-96.4% since first listed

6 events — show timeline

• 2026-05-06 Listed $227,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-03 Listed $227,000 RACC
• 2019-09-30 Sold (Public Records) $500,000 Public Records
• 2005-06-28 Sold (Public Records) $10,750,000 Public Records
• 2005-06-13 Sold (Public Records) $6,000,000 Public Records
• 1992-12-01 Sold (Public Records) $6,342,700 Public Records

Property tax history

+24.6%/yr

Latest (2025): $135 · +0.0% YoY. Source: county tax records.