8947 N Salina Dr · Citrus Springs, FL 34434

$279,990

4 bd · 2.0 ba · 2,134 sqft · Land · 34 Days on market

Built 2026 0.29 ac lot

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Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +7.4/30.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.5/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

Discover the Majestic floorplan, part of our Value collection. This stunning home offers a harmonious blend of comfort and functionality, featuring 4 bedrooms, 2 full bathrooms, and a generously sized 2 car garage. The split plan design ensures optimal privacy for the Owner's Suite, creating a serene retreat separate from the other three bedrooms. Within the Owner's Suite, you'll find a full bath and a spacious walk-in closet, providing both convenience and style. The heart of the home is found in the open concept kitchen and great room, creating an inviting space that effortlessly accommodates family gatherings and shared moments. Additionally, a welcoming den awaits you at the front of the home, offering a versatile space that can be adapted to suit your unique lifestyle. Crafted with our unwavering commitment to quality craftsmanship, the Majestic floorplan incorporates a range of energy-smart features, including a digital thermostat, an A/C system, a roof vent and soffit for efficient attic ventilation, and dual-pane energy-efficient windows. Designed with your comfort and sustainability in mind, this home embraces modern living.

Key facts

• Quartz counters
• Tile floors
• Spacious great room

Tags

• TILE FLOORS
• QUARTZ COUNTERS
• COVERED REAR LANAI
• ISLAND-DESIGN KITCHEN
• SPACIOUS GREAT ROOM
• SPLIT FLOOR PLAN

Property features AI

Finance

• Other: Lot approximately 0.29 acres (about 1/4 to less than 1/2 acre); Asphalt road access; Living area listed as 2,134 sq ft (builder); Building area listed as 2,652 sq ft (builder)
• HOA & community: Deed restrictions

Exterior

• Parking: Attached garage (2 cars)
• Utilities: Public water; Septic tank sewer; Electricity available and connected; Water available and connected
• Home design: Single family residence; One story; Under construction (projected completion June 30, 2026); Faces southwest
• Construction: Block and stucco construction; Shingle roof; New construction; Slab foundation; Builder: Holiday Builders — Model: MAJESTIC; Builder license CGC058770; Permit BLD2510-1606; Built/Projected completion year: 2026
• Exterior features: Covered rear porch; Sliding doors

Interior

• Kitchen: Dishwasher; Range; Microwave; Electric water heater
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan; Kitchen/family room combo; Split bedroom plan; Walk-in closets
• Laundry & utility: Indoor laundry

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $280k.

Deal economics

• At list price, monthly cash flow is $-364 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $227k (18.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (29.0% below list).
• Recommended offer: $199k (29.0% 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); Citrus Springs Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 821 students, 59% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 58% FRL track the district average.
• Market conditions: 1247 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 35% 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 $8k 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 34 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 22y ago 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 $12k; list at $280k implies a 2233% 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 $198,830 (29.0% 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 34 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
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: 0.71% ✗
• Cap rate: 4.73%
• Cash-on-cash: -5.57%
• DSCR: 0.75
• GRM: 11.7

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: -25.8%
• Equity multiple: 0.13×
• Total profit: $-68,536
• Equity at exit: $41,747

10-year hold

• IRR: -22.4%
• Equity multiple: -0.14×
• Total profit: $-89,426
• Equity at exit: $24,208

Cash invested: $78,397 (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: 1247
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,988 high
• Mortgage (P&I): −$1,468
• Tax est. 1.5%: −$350 /mo · $4,200/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $-364

Break-even live

Break-even rent $2,449

Max offer price $227,291

Occupancy floor —

Sensitivity live

Price	-10% $-171	-5% $-267	+0% $-364	+5% $-461	+10% $-558
Rent	-10% $-521	-5% $-443	+0% $-364	+5% $-286	+10% $-207
Rate	-1.0pp $-223	-0.5pp $-293	base $-364	+0.5pp $-437	+1.0pp $-511

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: $69,998
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9305 N Citrus Springs Blvd Citrus Springs, FL	3.0	2.0	1411	$1,800	$1.28	23d	1	0.44mi
9205 N Fawn Way Citrus Springs, FL	3.0	2.0	1428	$1,750	$1.23	23d	1	0.63mi
2907 W Camilo Dr Citrus Springs, FL	4.0	2.0	1449	$1,795	$1.24	23d	1	0.78mi
8267 N Santos Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	23d	1	0.94mi
9730 N Elkcam Blvd Citrus Springs, FL	4.0	2.0	1672	$1,785	$1.07	23d	1	0.98mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	23d	1	1.00mi
9127 N Justa Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	23d	1	1.05mi
3036 W Akron Pl Citrus Springs, FL	4.0	2.0	1833	$2,000	$1.09	23d	1	1.07mi
8006 N Voyager Dr Citrus Springs, FL	4.0	2.0	1636	$1,899	$1.16	23d	1	1.11mi
8596 N Spartan Dr Citrus Springs, FL	4.0	2.0	1833	$2,000	$1.09	23d	1	1.14mi
9995 N Sandree Dr Citrus Springs, FL	3.0	2.0	1453	$1,895	$1.30	23d	1	1.23mi
1912 W Quaker Ln Citrus Springs, FL	4.0	2.0	1636	$1,895	$1.16	23d	1	1.31mi
8030 N Galena Ave Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	23d	1	1.31mi
904 W Rum Pl Dunnellon, FL	3.0	2.0	1453	$1,699	$1.17	23d	1	1.35mi
7908 N Galena Ave Citrus Springs, FL	4.0	2.5	1551	$1,850	$1.19	23d	1	1.39mi
3584 W Burgandy Dr Citrus Springs, FL	3.0	2.0	1413	$1,699	$1.20	23d	1	1.40mi
8715 N Paradisea Dr Citrus Springs, FL	3.0	2.0	1403	$1,850	$1.32	23d	1	1.45mi
7708 N Paris Dr Dunnellon, FL	3.0	2.0	1415	$1,800	$1.27	23d	1	1.48mi
754 W Deacon Pl Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	23d	1	1.50mi

Listing history 10 events

1. 2026-04-24
   price $279,990 1151-char remark

   Show marketing remark (1151 chars)

   Discover the Majestic floorplan, part of our Value collection. This stunning home offers a harmonious blend of comfort and functionality, featuring 4 bedrooms, 2 full bathrooms, and a generously sized 2 car garage. The split plan design ensures optimal privacy for the Owner's Suite, creating a serene retreat separate from the other three bedrooms. Within the Owner's Suite, you'll find a full bath and a spacious walk-in closet, providing both convenience and style. The heart of the home is found in the open concept kitchen and great room, creating an inviting space that effortlessly accommodates family gatherings and shared moments. Additionally, a welcoming den awaits you at the front of the home, offering a versatile space that can be adapted to suit your unique lifestyle. Crafted with our unwavering commitment to quality craftsmanship, the Majestic floorplan incorporates a range of energy-smart features, including a digital thermostat, an A/C system, a roof vent and soffit for efficient attic ventilation, and dual-pane energy-efficient windows. Designed with your comfort and sustainability in mind, this home embraces modern living.

2. 2026-04-23
   price $279,990
3. 2026-04-22
   listed $289,990 Active
4. 2026-03-21
   status Active 1151-char remark

   Show marketing remark (1151 chars)

   Discover the Majestic floorplan, part of our Value collection. This stunning home offers a harmonious blend of comfort and functionality, featuring 4 bedrooms, 2 full bathrooms, and a generously sized 2 car garage. The split plan design ensures optimal privacy for the Owner's Suite, creating a serene retreat separate from the other three bedrooms. Within the Owner's Suite, you'll find a full bath and a spacious walk-in closet, providing both convenience and style. The heart of the home is found in the open concept kitchen and great room, creating an inviting space that effortlessly accommodates family gatherings and shared moments. Additionally, a welcoming den awaits you at the front of the home, offering a versatile space that can be adapted to suit your unique lifestyle. Crafted with our unwavering commitment to quality craftsmanship, the Majestic floorplan incorporates a range of energy-smart features, including a digital thermostat, an A/C system, a roof vent and soffit for efficient attic ventilation, and dual-pane energy-efficient windows. Designed with your comfort and sustainability in mind, this home embraces modern living.

5. 2025-10-02
   historical 1151-char remark

   Show marketing remark (1151 chars)

   Discover the Majestic floorplan, part of our Value collection. This stunning home offers a harmonious blend of comfort and functionality, featuring 4 bedrooms, 2 full bathrooms, and a generously sized 2 car garage. The split plan design ensures optimal privacy for the Owner's Suite, creating a serene retreat separate from the other three bedrooms. Within the Owner's Suite, you'll find a full bath and a spacious walk-in closet, providing both convenience and style. The heart of the home is found in the open concept kitchen and great room, creating an inviting space that effortlessly accommodates family gatherings and shared moments. Additionally, a welcoming den awaits you at the front of the home, offering a versatile space that can be adapted to suit your unique lifestyle. Crafted with our unwavering commitment to quality craftsmanship, the Majestic floorplan incorporates a range of energy-smart features, including a digital thermostat, an A/C system, a roof vent and soffit for efficient attic ventilation, and dual-pane energy-efficient windows. Designed with your comfort and sustainability in mind, this home embraces modern living.

6. 2025-10-02
   listed $289,990 Active 1151-char remark

   Show marketing remark (1151 chars)

   Discover the Majestic floorplan, part of our Value collection. This stunning home offers a harmonious blend of comfort and functionality, featuring 4 bedrooms, 2 full bathrooms, and a generously sized 2 car garage. The split plan design ensures optimal privacy for the Owner's Suite, creating a serene retreat separate from the other three bedrooms. Within the Owner's Suite, you'll find a full bath and a spacious walk-in closet, providing both convenience and style. The heart of the home is found in the open concept kitchen and great room, creating an inviting space that effortlessly accommodates family gatherings and shared moments. Additionally, a welcoming den awaits you at the front of the home, offering a versatile space that can be adapted to suit your unique lifestyle. Crafted with our unwavering commitment to quality craftsmanship, the Majestic floorplan incorporates a range of energy-smart features, including a digital thermostat, an A/C system, a roof vent and soffit for efficient attic ventilation, and dual-pane energy-efficient windows. Designed with your comfort and sustainability in mind, this home embraces modern living.

7. 2023-12-08
   soldstatus $12,000
8. 2005-02-23
   soldstatus $22,000
9. 2005-02-18
   soldstatus $22,000 50-char remark

   Show marketing remark (50 chars)

   Good building site in great area near golf course.

10. 2004-10-09
    listed $22,000 50-char remark

    Show marketing remark (50 chars)

    Good building site in great area near golf course.

ⓘ 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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,860
• − Mortgage interest: −$15,684
• − Property taxes: −$4,200
• − Insurance: −$1,400
• − Repairs & maintenance: −$1,909
• − Management: −$1,909
• − Depreciation: −$8,145
• Taxable loss: −$9,387
• Est. tax savings @ 24.0%: +$2,253
• After-tax cash flow: $-2,117/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

+1172.7% since first listed

10 events — show timeline

• 2026-04-24 Price Changed $279,990 Zillow
• 2026-04-23 Price Changed $279,990 Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Listed $289,990 Stellar MLS as Distributed by MLS Grid
• 2026-03-21 Relisted — Zillow
• 2025-10-02 Delisted — Zillow
• 2025-10-02 Listed $289,990 Zillow
• 2023-12-08 Sold (Public Records) $12,000 Public Records
• 2005-02-23 Sold (Public Records) $22,000 Public Records
• 2005-02-18 Sold (MLS) $22,000 RACC
• 2004-10-09 Listed $22,000 RACC

Property tax history

+13.8%/yr

Latest (2025): $277 · +37.3% YoY. Source: county tax records.