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5 Cypress Run Unit 56B
D Composite 41.65
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).

  • ARV discount +14.6/15.0
  • Cash flow +6.2/30.0
  • 1% rule +6.0/10.0
  • Schools +5.1/10.0
  • Condition / age +3.8/5.0
  • Livability +3.0/5.0
  • Rent growth +2.5/5.0
  • DSCR +0.5/10.0
  • Appreciation +0.0/10.0

$158,750

5 Cypress Run Unit 56B · Sugarmill Woods, FL 34446
2 bd · 2.0 ba · 1,410 sqft · Condo · 155 Days on market
Built 1981 Good condition $113/sqft · 16% below area Est $188k · 16% under $576/mo HOA · 33% of rent ↓ 6% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Motivated seller presenting a turn-key, FULLY FURNISHED 2-bedroom, 2-bath end-unit Cypress condo with a bright, open layout and enhanced privacy. Relax on the screened lanai overlooking peaceful surroundings - wonderful for enjoying quiet Florida mornings and unwinding in the evening. A heated community pool is just minutes away, adding to the resort-style lifestyle, and the building features an elevator for added convenience.

Key facts

  • Screened lanai
  • Elevator building
  • $576 HOA

Tags

SCREENED LANAIHEATED COMMUNITY POOLELEVATOR BUILDING

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
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What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath condo listed at $159k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-355 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $107k (32.3% below list).
  • Meets the 1% rule at list price ($2k rent vs $159k).
  • Recommended offer: $107k (32.3% below list) — sets the bar for cash-flow.

Location & tenants

  • Location reads 59/100 on livability (#825 in FL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety 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 Middle School (math 49% / reading 49%, grade C-, #265 of 571 statewide, top 48%, 809 students, 55% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 60% FRL track the district average.
  • Market conditions: 808 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 117d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 80% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
  • This rent runs 36% 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 $5k 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 155 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

  • Watch-outs: flood insurance adds $66/mo; HOA is 33% of rent.
  • Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $107,395 (32.3% 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 155 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
  3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  8. 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?
  9. 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?
  10. 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.
  11. 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.
  12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
1.10%
Cap rate
4.11%
Cash-on-cash
-7.79%
DSCR
0.65
GRM
7.5

CMA / ARV

ARV (median comp)
$188,291
List price
$158,750
Delta
-15.69%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2 Cypress Run Unit 26B 0.08mi 2/2.0 1,410 (0%) 1mo $132,000 $94 96
10 Sycamore Cir 0.27mi 2/2.0 1,400 (-1%) 1mo $215,000 $154 86
3 Cypress Run Unit 33A 0.07mi 2/2.0 1,643 (+16%) 1mo $163,000 $99 71
2 Quail Run 0.40mi 2/2.0 1,528 (+8%) 1mo $215,000 $141 67
16 Golfview Ct 0.77mi 2/2.0 1,436 (+2%) 0mo $220,000 $153 62
49 Douglas St #22 0.71mi 2/2.5 1,456 (+3%) 0mo $140,000 $96 59
5 Dahoon Dr 0.86mi 3/2.0 (+1) 1,394 (-1%) 1mo $235,000 $169 57
53 Douglas St #16 0.74mi 2/2.5 1,456 (+3%) 1mo $107,000 $73 57
23 Sweetgum Ct S 0.91mi 2/2.0 1,269 (-10%) 1mo $275,000 $217 48
7003 W Sedan Ct 1.46mi 3/2.0 (+1) 1,248 (-12%) 1mo $289,000 $232 40
5470 W Hunter Run Ln 1.12mi 3/2.0 (+1) 1,738 (+23%) 1mo $324,000 $186 34
3 Rebecca Ct 1.07mi 3/3.0 (+1) 1,734 (+23%) 0mo $295,000 $170 31

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
-33.0%
Equity multiple
-0.08×
Total profit
$-47,907
Equity at exit
$23,670
10-year hold
IRR
-37.2%
Equity multiple
-0.55×
Total profit
$-69,111
Equity at exit
$13,726

Cash invested: $44,450 (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.

Active competition Active MLS

For sale now
2 active
Median asking
$219,500 ($169/sqft)
Median days on market
20 d
This list price
lowest-priced of the active set
ARV vs active asking
-20.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34446

Home prices YoY
-10.4%
Active inventory
808
Price-to-rent
7.5×

Monthly cashflow live

Estimated rent
$1,753 high interval (Pro) →
Mortgage (P&I)
$833
Tax est. 1.5%
$198 /mo · $2,381/yr
Insurance
$66
Flood insurance flood zone
−$66 /mo · $798/yr
HOA
$576
Vacancy / Maint / Mgmt
$368
Net cashflow
$-355

Break-even live

Break-even rent $2,202
Max offer price $107,395
Occupancy floor

Sensitivity live

Price -10% $-245 -5% $-300 +0% $-355 +5% $-410 +10% $-465
Rent -10% $-493 -5% $-424 +0% $-355 +5% $-286 +10% $-216
Rate -1.0pp $-275 -0.5pp $-315 base $-355 +0.5pp $-396 +1.0pp $-438

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
$39,688
Closing costs
$4,762
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 15 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
5 Black Cherry Dr Homosassa, FL 2.0 2.0 1140 $1,600 $1.40 116d 1 0.23mi
5 Jamaica St Homosassa, FL 2.0 2.0 1353 $1,500 $1.11 116d 1 0.28mi
13 Jamaica St Homosassa, FL 2.0 2.0 1040 $1,450 $1.39 5d 1 0.31mi
17 Jamaica St Homosassa, FL 2.0 2.0 1100 $1,500 $1.36 116d 1 0.33mi
57 Chinaberry Cir Homosassa, FL 2.0 2.0 1132 $1,575 $1.39 116d 1 0.43mi
17 Dogwood Dr Homosassa, FL 2.0 2.0 1400 $1,600 $1.14 116d 1 0.57mi
23 Dogwood Dr Homosassa, FL 2.0 2.0 1492 $2,200 $1.47 116d 1 0.59mi
117 Golfview Dr Homosassa, FL 2.0 2.0 1507 $2,000 $1.33 116d 1 0.71mi
51 Golfview Ct Homosassa, FL 2.0 2.0 1553 $1,900 $1.22 116d 1 0.75mi
6270 W Oak Park Blvd Unit 6270 Homosassa, FL 3.0 2.0 1500 $1,850 $1.23 110d 1 0.94mi
6290 W Oak Park Blvd Homosassa, FL 2.0 2.0 925 $1,495 $1.62 54d 1 0.94mi
6789 W Oak Park Blvd Homosassa, FL 2.0 2.0 1200 $1,695 $1.41 77d 1 1.07mi
5538 W Oak Park Blvd Homosassa, FL 2.0 2.0 1439 $1,700 $1.18 5d 1 1.18mi
5356 W Oak Park Blvd Homosassa, FL 3.0 2.0 1451 $2,600 $1.79 5d 1 1.33mi
5356 W Oak Park Blvd Homosassa, FL 3.0 2.0 1451 $2,750 $1.90 119d 1 1.33mi

Property features AI

Finance

HOA & community
Homeowners association with elevator accessAnnual association fee listed; monthly association fee listed (association fees cover cable TV, insurance, grounds maintenance, structure maintenance, pest control, trash, and water)Community pool

Exterior

Parking
Assigned parkingDetached carport1 total parking space
Utilities
Public waterPublic sewer
Home design
Residential condominiumUnit located on second floor (end unit on right) — directions indicate 2nd floor end unitFirst building on right in complex
Construction
Stucco constructionAsphalt shingle roofBlock foundationBuilt as condominium (year built not provided)
Exterior features
Community heated in-ground pool with electric heatLandscaped lotLevel lotWooded lotCounty road frontage

Interior

Kitchen
Electric cooktopElectric ovenMicrowaveDishwasherDisposalRefrigeratorBreakfast barPantryEat-in kitchen
Bedrooms
Master bedroom on main level
Flooring
CarpetVinyl
Bathrooms
2 full bathrooms
Heating & cooling
Central heating (electric)Central air conditioning (electric)
Interior features
ElevatorBreakfast barBidetEat-in kitchenLaminate countersOpen floor planPantryWalk-in closet(s)Master bedroom on main levelBlinds and window coveringsFurnished
Laundry & utility
Washer and dryer includedIn-unit laundry and common area laundry

HOA detail $576/mo · $6,912/yr condo

Likely covers
pool
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 50 events

  1. 2026-09-24
    days on market $158,750 Active 155 DOM
  2. 2026-09-22
    days on market $158,750 Active 154 DOM
  3. 2026-09-20
    days on market $158,750 Active 152 DOM
  4. 2026-09-19
    days on market $158,750 Active 151 DOM
  5. 2026-09-18
    days on market $158,750 Active 150 DOM
  6. 2026-09-17
    days on market $158,750 Active 149 DOM
  7. 2026-09-16
    days on market $158,750 Active 148 DOM
  8. 2026-09-15
    days on market $158,750 Active 147 DOM
  9. 2026-09-14
    days on market $158,750 Active 146 DOM
  10. 2026-09-13
    days on market $158,750 Active 145 DOM
  11. 2026-09-12
    days on market $158,750 Active 144 DOM
  12. 2026-09-11
    days on market $158,750 Active 143 DOM
  13. 2026-09-05
    days on market $158,750 Active 137 DOM
  14. 2026-09-04
    days on market $158,750 Active 136 DOM
  15. 2026-09-03
    days on market $158,750 Active 135 DOM
  16. 2026-08-31
    days on market $158,750 Active 132 DOM
  17. 2026-08-30
    days on market $158,750 Active 131 DOM
  18. 2026-08-29
    days on market $158,750 Active 130 DOM
  19. 2026-08-28
    days on market $158,750 Active 129 DOM
  20. 2026-08-27
    days on market $158,750 Active 128 DOM
  21. 2026-08-25
    days on market $158,750 Active 126 DOM
  22. 2026-08-24
    days on market $158,750 Active 125 DOM
  23. 2026-08-23
    days on market $158,750 Active 124 DOM
  24. 2026-08-22
    days on market $158,750 Active 123 DOM
  25. 2026-08-20
    days on market $158,750 Active 121 DOM
  26. 2026-08-19
    days on market $158,750 Active 120 DOM
  27. 2026-08-18
    days on market $158,750 Active 119 DOM
  28. 2026-08-17
    days on market $158,750 Active 118 DOM
  29. 2026-08-16
    days on market $158,750 Active 117 DOM
  30. 2026-08-15
    days on market $158,750 Active 116 DOM
  31. 2026-08-15
    days on market $158,750 Active 115 DOM
  32. 2026-08-13
    days on market $158,750 Active 114 DOM
  33. 2026-08-12
    days on market $158,750 Active 113 DOM
  34. 2026-08-11
    days on market $158,750 Active 112 DOM
  35. 2026-08-10
    days on market $158,750 Active 111 DOM
  36. 2026-08-09
    days on market $158,750 Active 110 DOM
  37. 2026-08-08
    days on market $158,750 Active 109 DOM
  38. 2026-08-07
    days on market $158,750 Active 108 DOM
  39. 2026-08-06
    days on market $158,750 Active 107 DOM
  40. 2026-08-05
    days on market $158,750 Active 106 DOM
  41. 2026-08-04
    days on market $158,750 Active 105 DOM
  42. 2026-08-03
    days on market $158,750 Active 104 DOM
  43. 2026-07-31
    days on market $158,750 Active 101 DOM
  44. 2026-07-29
    days on market $158,750 Active 99 DOM
  45. 2026-07-27
    days on market $158,750 Active 97 DOM
  46. 2026-07-25
    days on market $158,750 Active 95 DOM
  47. 2026-07-24
    days on market $158,750 Active 94 DOM
  48. 2026-07-23
    days on market $158,750 Active 93 DOM
  49. 2026-07-22
    days on market $158,750 Active 92 DOM
  50. 2026-07-21
    days on market $158,750 Active 91 DOM

ⓘ 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 8/10 Severe FEMA zone X (unshaded) · 78% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 9/10 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

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$21,033
− Mortgage interest
−$8,892
− Property taxes
−$2,381
− Insurance
−$1,591
− Repairs & maintenance
−$1,683
− Management
−$1,683
− HOA
−$6,912
− Depreciation
−$4,618
Taxable loss
−$6,728
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,615
After-tax cash flow
$-2,644/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $7,050–$21,150 screening

This fully furnished 2-bedroom, 2-bath end-unit Cypress condo is in good condition with a good condition score of 75. It has a good roof, exterior, and landscaping, and is located in a well-maintained building with a heated pool. The kitchen and bathrooms need some updates, but the overall condition is good and it is move-in ready.

Value-add opportunities

  • Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics.
  • Both Replacing carpet with hardwood flooring — Improves durability and adds value.
  • Both Updating the kitchen appliances — Modernizes the kitchen and adds value for both resale and rental.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 51/100

Zoned Schools

Elementary Homosassa Elementary School C FL #892/2,144 Nat'l #9,801/41,679 Middle Lecanto Middle School C- FL #265/571 Nat'l #3,736/14,009 High Lecanto High School D FL #179/667 Nat'l #5,677/17,239

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
D Composite livability gradescore 59/100

Livability — Sugarmill Woods

Score
59/100
State rank
#825
US rank
#20184

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Sugarmill Woods, FL
County
Citrus County · 138,622 people
City population
18,797
Metro
Homosassa Springs, FL
Population (ZIP)
19,102
Household income
$58,802
Rent vs Own
6.9% rent · 93.1% own
Severe rent burden
6% of renters

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

Price history

-6.1% since first listed
3 events — show timeline
  • 2026-06-20 Price Changed $158,750 RACC
  • 2026-05-22 Price Changed $159,000 RACC
  • 2026-04-21 Listed $169,000 RACC

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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