4314 E Fort Apache Pl · Hernando, FL 34434

$31,000

1 bd · 1.0 ba · 532 sqft · Manufactured public records · 133 Days on market

Built 1954 5,693 sqft lot

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.1/10.0

Listing remarks MLS

BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

Key facts

• Large concrete pad
• Waterfront lot
• Well in place

Tags

• WATERFRONT LOT
• CANAL WITH LAKE ACCESS
• NO DEED RESTRICTIONS
• LARGE CONCRETE PAD
• PREVIOUS UTILITY CONNECTIONS
• WELL IN PLACE

Property features AI

Finance

• Other: Property type: Residential mobile home; Property sub-type: Mobile Home (single wide); Zoning: CLRMH; Lot size approximately 0.13 acres (about 0 to less than 1/4 acre)
• Financial info: Lease restrictions: none
• HOA & community: No association reported

Exterior

• Parking: Parking details not specified
• Security: Security features not specified
• Utilities: Well water; Septic tank; Electricity available; Water available
• Home design: Residential mobile home (single wide); One level; North-facing
• Construction: Construction materials: other; Roof: other; Foundation details: other; Built/total building area approximately 532 square feet
• Exterior features: Storage; Waterfront on a freshwater canal; Canal water view and water access (canal, lake, limited access); 68 feet of canal frontage; Limerock road access

Interior

• Kitchen: Appliances not specified (other)
• Bedrooms: 1 bedroom
• Flooring: Flooring not specified (other)
• Bathrooms: 1 full bathroom
• Heating & cooling: Heating: other; Cooling: other
• Interior features: General interior features not specified (other)
• Laundry & utility: Laundry features: other

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath manufactured listed at $31k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $31k).
• Recommended offer: $27k (12.0% below list) — sets the bar for market timing.
• Cap rate 34.2% vs local median 5.6% in Hernando — 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 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: 1242 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $214 of loan paydown is wiped out by about $930 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $9k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($27k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $14k (31%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $15k; list at $31k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $27,280 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 3.85% ✓
• Cap rate: 34.22%
• Cash-on-cash: 99.75%
• DSCR: 5.44
• GRM: 2.2

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: 37.8%
• Equity multiple: 2.62×
• Total profit: $14,051
• Equity at exit: $4,622

10-year hold

• IRR: 44.5%
• Equity multiple: 5.33×
• Total profit: $37,584
• Equity at exit: $2,680

Cash invested: $8,680 (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: 2.2×

Monthly cashflow live

• Estimated rent: $1,193 medium
• Mortgage (P&I): −$163
• Tax from tax record: −$45 /mo · $542/yr
• Insurance: −$13
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $295

Break-even live

Break-even rent $819

Max offer price $31,000

Occupancy floor 70%

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: $7,750
• Closing costs: $930
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-18
   status $31,000 Pending 133 DOM
2. 2026-06-18
   days on market $31,000 Active 133 DOM
3. 2026-06-17
   days on market $31,000 Active 132 DOM
4. 2026-06-16
   days on market $31,000 Active 131 DOM
5. 2026-06-15
   days on market $31,000 Active 130 DOM
6. 2026-06-14
   pricedays on market $31,000 Active 128 DOM
7. 2026-06-13
   days on market $30,000 Active 127 DOM
8. 2026-06-09
   days on market $30,000 Active 124 DOM
9. 2026-06-08
   days on market $30,000 Active 123 DOM
10. 2026-06-03
    days on market $30,000 Active 118 DOM
11. 2026-06-02
    days on market $30,000 Active 117 DOM
12. 2026-06-01
    days on market $30,000 Active 116 DOM
13. 2026-05-31
    days on market $30,000 Active 115 DOM
14. 2026-05-30
    days on market $30,000 Active 114 DOM
15. 2026-04-17
    price $30,000 1259-char remark

    Show marketing remark (1259 chars)

    BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

16. 2026-04-17
    price $30,000

    Show marketing remark (1259 chars)

    BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

17. 2026-03-20
    price $35,000 1259-char remark

    Show marketing remark (1259 chars)

    BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

18. 2026-03-20
    price $35,000

    Show marketing remark (1259 chars)

    BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

19. 2026-02-22
    price $40,000 1259-char remark

    Show marketing remark (1259 chars)

    BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

20. 2026-02-22
    price $40,000

    Show marketing remark (1259 chars)

    BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

21. 2026-02-05
    listed $45,000 Active
22. 2026-01-29
    listed $45,000 Active 1259-char remark

    Show marketing remark (1259 chars)

    BRING YOUR TINY HOME, DOUBLE WIDE OR SITE BUILT HOME Waterfront Lot with Endless Outdoor Opportunities. BRING YOUR RV AND PLAN YOUR NEW HOME This waterfront property, being sold as-is, is situated on a canal with lake access in an established neighborhood. The lot currently includes a small uninhabitable mobile home, a large concrete pad, and a shed. Previous utility connections (including a power pole and an inspected/emptied septic system) and well are in place, which may minimize impact fees for new development. Located near Dunnellon, Ocala, Lecanto, and Crystal River, this site is great for outdoor enthusiasts. You will find miles of hiking, biking, and horseback riding trails nearby, as well as equine camping. A public boat ramp on the Withlacoochee River is less than a mile away for canoeing and fishing (please note the canal does not connect to the Withlacoochee River). The location offers excellent proximity to local attractions: - Equestrian 15 minutes to Ross Prairie Trailhead and 35 minutes to the World Equestrian Center. - Recreation: 15 minutes to downtown Dunnellon and 20 minutes to Rainbow River for swimming, tubing, and kayaking. - Dining & Shopping: 20–25 minutes to Ocala and near The Shoppes at Black Diamond.

23. 2026-01-28
    listed $39,900 Active
24. 2025-02-12
    soldstatus $15,000 Closed
25. 2025-01-03
    status Pending
26. 2024-12-16
    price $20,000
27. 2024-11-21
    listed $35,000 Active
28. 1979-10-01
    soldstatus $8,500

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

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $542 · $45/mo
• Projected year-2 tax: $542 · $45/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone AE · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,313
• − Mortgage interest: −$1,736
• − Property taxes: −$542
• − Insurance: −$5,274
• − Repairs & maintenance: −$1,145
• − Management: −$1,145
• − Depreciation: −$902
• Taxable income: $3,568
• Est. tax owed @ 24.0%: −$856
• After-tax cash flow: $2,684/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: 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

+252.9% since first listed

14 events — show timeline

• 2026-04-17 Price Changed $30,000 RACC
• 2026-04-17 Price Changed $30,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $35,000 RACC
• 2026-03-20 Price Changed $35,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-22 Price Changed $40,000 RACC
• 2026-02-22 Price Changed $40,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Listed $45,000 RACC
• 2026-01-28 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 2025-02-12 Sold (MLS) $15,000 RACC
• 2025-01-03 Pending — RACC
• 2024-12-16 Price Changed $20,000 RACC
• 2024-11-21 Listed $35,000 RACC
• 1979-10-01 Sold (Public Records) $8,500 Public Records

Property tax history

+6.1%/yr

Latest (2025): $542 · +14.5% YoY. Source: county tax records.