6258 Chorus Dr · Mascotte, FL 34753

$369,900

4 bd · 2.0 ba · 1,998 sqft · Land · 179 Days on market

Built 2025 5,750 sqft lot $155/mo HOA · 6% of rent ↓ 9% since listing

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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).

• Appreciation +10.0/10.0
• Cash flow +8.0/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• 1% rule +1.8/10.0

Listing remarks

Welcome to On Villa Pass by ONX Homes, Our homes are not just houses; they're a testament to solid build and innovation. Step into this 4 bedrooms 2 bathroom home, a masterpiece of pure concrete construction, boasting the stunning Collection O design with Taupe Facade. Picture yourself walking through spacious social areas immersed in natural light, courtesy of tall glass doors and windows. The heart of the home, the kitchen, is a chef's dream, featuring stainless steel appliances and luxurious quartz countertops. With an open living space concept, there's ample space for your family to grow and thrive. Retreat to the owner's suite, a sanctuary of relaxation and indulgence, complete with a

Key facts

• Tall glass doors
• 5,750 sq ft lot
• 2 garage spots

Tags

• PURE CONCRETE CONSTRUCTION
• SPACIOUS SOCIAL AREAS
• TALL GLASS DOORS
• STAINLESS STEEL APPLIANCES
• LUXURIOUS QUARTZ COUNTERTOPS
• OPEN LIVING SPACE CONCEPT

Property features AI

Finance

• Other: Total living area listed as 1,998 (builder); Building area total 2,638 (builder); Lot about 0.13 acre (approx. 50 x 115); Asphalt road access
• Financial info: Lease restrictions apply
• HOA & community: Villa Pass Homeowners Association, Inc.; Monthly HOA fee of $155; HOA fees include cable TV, fidelity bond, insurance, management; Association approval required; Community features: trail(s), street lights; Pets allowed (cats and dogs)

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Cable available; Other utilities
• Home design: Single-family residence; New construction; One story; North-facing
• Construction: Concrete construction; Shingle roof; Slab foundation; Built by ONX Homes; Builder model: 1R-MO; Completed condition
• Exterior features: Sidewalk; Sliding doors; Other exterior features

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Electric water heater; Tankless water heater; Other appliances
• Bedrooms: 4 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Built-in features; High ceilings; Open floorplan; Thermostat; Walk-in closets; ENERGY STAR qualified windows
• Laundry & utility: Laundry room with washer and electric dryer hookups

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $370k.

Deal economics

• At list price, monthly cash flow is $-376 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $303k (18.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $251k (32.2% below list).
• Recommended offer: $251k (32.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#405 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Lake (suburban): math 49% / reading 50% proficiency, ranked #37 of 73 in FL (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mascotte Elementary School (math 50% / reading 47%, grade D, #1,152 of 2,144 statewide, top 55%, 855 students, 62% FRL, charter); Gray Middle School (math 45% / reading 45%, grade D, #310 of 571 statewide, top 56%, 1,148 students, 47% FRL); South Lake High School (math 36% / reading 39%, grade F, #336 of 667 statewide, top 51%, 2,169 students, 40% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: 98 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,799 units permitted in Lake County in 2024 (814 in 5+ unit buildings).
• This rent runs 36% of the median local income ($84k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $40k of equity ($3k loan paydown + $37k appreciation (10.0% local appreciation)).
• Lake County population projected at +37% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 179 days — a 12% lower offer ($326k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $38k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $250,688 (32.2% 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 179 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.68% ✗
• Cap rate: 5.07%
• Cash-on-cash: -4.36%
• DSCR: 0.81
• GRM: 12.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.2%
• Equity multiple: 2.71×
• Total profit: $177,420
• Equity at exit: $333,235

10-year hold

• IRR: 19.2%
• Equity multiple: 6.22×
• Total profit: $541,140
• Equity at exit: $718,634

Cash invested: $103,572 (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 34753

• Home prices YoY: 7.2%
• Active inventory: 98
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $2,507 high
• Mortgage (P&I): −$1,940
• Tax from tax record: −$108 /mo · $1,291/yr
• Insurance: −$154
• HOA: −$155
• Vacancy / Maint / Mgmt: −$526
• Net cashflow: $-376

Break-even live

Break-even rent $2,983

Max offer price $303,466

Occupancy floor —

Sensitivity live

Price	-10% $-167	-5% $-271	+0% $-376	+5% $-481	+10% $-585
Rent	-10% $-574	-5% $-475	+0% $-376	+5% $-277	+10% $-178
Rate	-1.0pp $-190	-0.5pp $-282	base $-376	+0.5pp $-472	+1.0pp $-569

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: $92,475
• Closing costs: $11,097
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6337 Chorus Dr Groveland, FL	3.0	2.0	1772	$2,250	$1.27	26d	1	0.23mi
6612 Tempo Way Mascotte, FL	3.0	2.0	1990	$2,600	$1.31	0d	1	0.43mi
6612 Tempo Way Mascotte, FL	3.0	2.0	1990	$2,600	$1.31	7d	1	0.43mi
2009 Sloans Outlook Dr Groveland, FL	3.0	2.0	1670	$2,250	$1.35	22d	1	0.52mi
1600 Mayaro Ct Mascotte, FL	3.0	2.0	1503	$2,000	$1.33	20d	1	0.58mi
614 Huey St Mascotte, FL	3.0	2.0	1572	$1,936	$1.23	0d	1	0.68mi
1864 Piedmont Ct Mascotte, FL	5.0	3.0	1984	$2,290	$1.15	26d	1	0.72mi
1676 Gopher Tree St Mascotte, FL	5.0	3.0	1984	$2,285	$1.15	7d	1	0.74mi
201 Sangmon Ct Groveland, FL	3.0	2.5	1920	$2,299	$1.20	7d	1	0.77mi
1341 Brenway Dr Mascotte, FL	4.0	2.0	1851	$2,280	$1.23	0d	1	0.84mi
1126 Union Ave Mascotte, FL	5.0	3.0	1984	$2,265	$1.14	26d	1	0.84mi
1063 Bluegrass Dr Groveland, FL	4.0	2.0	2182	$2,500	$1.15	26d	1	0.84mi
4025 E Cardinal Pines Dr Mascotte, FL	3.0	2.0	1260	$2,100	$1.67	7d	1	0.96mi
1665 Luft Ln Mascotte, FL	3.0	2.0	1680	$2,030	$1.21	26d	1	1.03mi
187 Hydra Way Groveland, FL	4.0	3.0	2542	$2,699	$1.06	26d	1	1.04mi
2055 Newtown Rd Groveland, FL	3.0	2.0	1808	$1,995	$1.10	26d	1	1.09mi
7201 Big Cedar Aly Groveland, FL	3.0	2.5	1500	$2,000	$1.33	26d	1	1.12mi
338 Ridgemark Ave Groveland, FL	4.0	2.0	1824	$2,300	$1.26	7d	1	1.13mi
2425 Begonia St Mascotte, FL	4.0	2.0	1983	$2,350	$1.19	26d	1	1.17mi
405 Eventide Ave Mascotte, FL	4.0	3.0	2000	$2,250	$1.12	22d	1	1.19mi
2076 Newtown Rd Groveland, FL	3.0	2.0	1676	$1,850	$1.10	26d	1	1.19mi
232 Boca Ciega Rd Mascotte, FL	4.0	2.0	1280	$2,095	$1.64	14d	1	1.23mi

HOA detail

• Monthly dues: $155 · $1,860/yr

Listing history 14 events

1. 2026-06-09
   days on market $369,900 Active 179 DOM
2. 2026-06-08
   days on market $369,900 Active 178 DOM
3. 2026-06-07
   days on market $369,900 Active 177 DOM
4. 2026-06-04
   days on market $369,900 Active 174 DOM
5. 2026-06-03
   days on market $369,900 Active 173 DOM
6. 2026-06-02
   days on market $369,900 Active 172 DOM
7. 2026-06-02
   days on market $369,900 Active 171 DOM
8. 2026-05-31
   days on market $369,900 Active 170 DOM
9. 2026-01-10
   status Active
10. 2026-01-10
    price $369,900
11. 2025-10-13
    historical
12. 2025-10-03
    status Active
13. 2025-07-28
    status Pending
14. 2025-07-09
    listed $407,900 Active

ⓘ 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: $1,291 · $108/mo
• Projected year-2 tax: $3,070 · $256/mo
• Expected delta: +$1,779/yr (+$148/mo · 137.8%)

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

Taxation est. · year 1

• Rental income: $30,083
• − Mortgage interest: −$20,720
• − Property taxes: −$1,291
• − Insurance: −$1,850
• − Repairs & maintenance: −$2,407
• − Management: −$2,407
• − HOA: −$1,860
• − Depreciation: −$10,761
• Taxable loss: −$11,212
• Est. tax savings @ 24.0%: +$2,691
• After-tax cash flow: $-1,822/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: Lake
• NCES district ID: 1201050
• Math proficiency: 49% ▼ -7.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $46,632
• Composite: 42.05/100
• National rank: #3327
• State rank: #37 of 73 in FL

Livability — Mascotte

• Score: 71/100
• State rank: #405
• US rank: #7156

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mascotte, FL
• County: Lake County · 364,602 people
• City population: 33,565
• Metro: Orlando-Kissimmee-Sanford, FL
• Population (ZIP): 7,985
• Household income: $83,868
• Rent vs Own: 22.5% rent · 77.5% own
• Severe rent burden: 16.0

Population outlook (Lake County) Hauer SSP2

• Today (2025): 386,640 people
• By 2030: 417,107 · +7.9%
• By 2040: 476,676 · +23.3%
• By 2050: 531,296 · +37.4%
• By 2075: 648,303 · +67.7%
• By 2100: 698,530 · +80.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: White 38% Hispanic / Latino 35% Two or more races 25% Black 20% Asian 3%
• Hispanic origin (detail): Mexican 11% Puerto Rican 12% Dominican 2%
• Common ancestry: Slovak 1% Serbian 1% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 67% English-only · Spanish 32%

Political lean MEDSL · Lake

• 2024 margin: Strong R (+24.7) · D 37.3% · R 62.0%
• 2008→2024 swing: -11.2pp toward R · 2008: -13.5pp · 2024: -24.7pp
• All cycles: 2024: R+24.7 2020: R+20.0 2016: R+23.1 2012: R+17.1 2008: R+13.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 19.01%
• Current HPI: 281.96
• Rent YoY: —
• Metro: Orlando-Kissimmee-Sanford, 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

-9.3% since first listed

6 events — show timeline

• 2026-01-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-10 Price Changed $369,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-09 Listed $407,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+62.9%/yr

Latest (2025): $1,291 · +62.9% YoY. Source: county tax records.