5415 S Doyle Ter · Homosassa Springs, FL 34446

$163,000

3 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 24 Days on market

Built 1982 0.50 ac lot Est $184k · 11% under

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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
• ARV discount +12.7/15.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

SPECIAL OPPORTUNITY TO BUY DOUBLE-WIDE MOBILE HOME IN THE BEAUTIFUL HOMOSASSA FL. Conveniently situated in a great quiet community. Located just minutes from Homosassa Springs Wildlife State Park, local marinas, boating, manatee watching and great fishing spots, this home offers the best of Florida's Nature Coast. FINANCING AVAILABLE NO CREDIT OR EMPLOYMENT CHECK This well-maintained 3 bedroom, 2 bathroom home offers 1,344 square feet of living space on a generous half of acre lot (. 50)—providing the perfect balance of privacy, functionality, and convenience. Nestled in a quiet neighborhood just minutes from local dining, shopping, and water access, this home checks all the boxes

Key facts

• Durable metal roof
• New paint
• 0.5 acre lot

Tags

• DOUBLE-WIDE MOBILE HOME
• GENEROUS HALF ACRE LOT
• DURABLE METAL ROOF
• SOLID NEW VINYL FLOORING
• NICE SPACE IN BEDROOM CLOSETS
• NEW PAINT

Property features AI

Finance

• Other: Property is residential, single family; Lot is approximately 0.5 acre (cleared, level, oversized, paved, in county); Asphalt/paved road access; One well and one septic on property; No lease restrictions; Unfurnished
• HOA & community: No association fees

Exterior

• Parking: Oversized parking; RV access/parking; Carport
• Utilities: Well water; Septic tank; Cable available; Electricity connected
• Home design: Single family residence (double wide); One story; Crawlspace foundation; Faces west
• Construction: Metal siding; Vinyl siding; Metal roof
• Exterior features: Covered patio/porch; Deck; Front porch; Porch; Private mailbox; Shed(s)

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Thermostat; Walk-in closets
• Laundry & utility: Laundry room; Washer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $163k.

Deal economics

• At list price, monthly cash flow is $617 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $163k).
• Recommended offer: $161k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 5.9% in Homosassa Springs — 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 (#391 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime 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: Lecanto Primary School (math 55% / reading 53%, grade C, #936 of 2,144 statewide, top 44%, 820 students, 63% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 54% FRL track the district average.
• Market conditions: 582 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($161k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $78k; list at $163k implies a 108% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $160,555 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.23% ✓
• Cap rate: 10.84%
• Cash-on-cash: 16.23%
• DSCR: 1.72
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $184,128
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5510 S Delilah Pt	0.19mi	3/2.0	1,288 (-4%)	8mo	$169,500	$132	78
5292 S Bayliner St	0.37mi	3/2.0	1,404 (+4%)	1mo	$170,000	$121	75
5738 W Sandstone Ct	0.51mi	3/2.0	1,380 (+3%)	2mo	$87,000	$63	71
5475 S Oldfield Ave	0.17mi	4/2.0 (+1)	1,344 (0%)	21mo	$172,000	$128	70
5624 S Dunromin Pt	0.32mi	3/2.0	1,431 (+6%)	6mo	$225,000	$157	69
5800 S Greenfield Ter	0.41mi	3/2.0	1,269 (-6%)	4mo	$199,900	$158	68
5442 S Glenn Acres Ter	0.48mi	4/2.0 (+1)	1,344 (0%)	10mo	$200,000	$149	64
5735 W Tice Ct	0.23mi	3/2.0	1,188 (-12%)	8mo	$164,900	$139	63
5384 W Starburst Ln	0.47mi	3/2.0	1,294 (-4%)	13mo	$177,900	$137	61
5341 S Oldfield Ave	0.18mi	4/3.0 (+1)	1,484 (+10%)	11mo	$89,000	$60	56
5425 S Brent Pt	0.25mi	3/2.0	1,152 (-14%)	10mo	$135,000	$117	56
4926 W Meadow St	0.65mi	2/2.0 (-1)	1,152 (-14%)	12mo	$180,000	$156	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: 7.2%
• Equity multiple: 1.28×
• Total profit: $12,822
• Equity at exit: $24,304

10-year hold

• IRR: 16.5%
• Equity multiple: 2.35×
• Total profit: $61,497
• Equity at exit: $14,093

Cash invested: $45,640 (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 34446

• Home prices YoY: -10.4%
• Active inventory: 582
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,004 medium
• Mortgage (P&I): −$855
• Tax from tax record: −$43 /mo · $521/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $617

Break-even live

Break-even rent $1,223

Max offer price $163,000

Occupancy floor 64%

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: $40,750
• Closing costs: $4,890
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $163,000 Active 24 DOM
2. 2026-06-18
   days on market $163,000 Active 23 DOM
3. 2026-06-17
   days on market $163,000 Active 22 DOM
4. 2026-06-16
   days on market $163,000 Active 21 DOM
5. 2026-06-15
   days on market $163,000 Active 20 DOM
6. 2026-06-14
   days on market $163,000 Active 18 DOM
7. 2026-06-13
   pricedays on market $163,000 Active 17 DOM
8. 2026-06-10
   days on market $169,900 Active 15 DOM
9. 2026-06-09
   days on market $169,900 Active 14 DOM
10. 2026-06-08
    days on market $169,900 Active 13 DOM
11. 2026-06-07
    days on market $169,900 Active 12 DOM
12. 2026-06-03
    days on market $169,900 Active 8 DOM
13. 2026-06-02
    days on market $169,900 Active 7 DOM
14. 2026-06-01
    days on market $169,900 Active 6 DOM
15. 2026-05-31
    days on market $169,900 Active 5 DOM
16. 2026-05-30
    days on market $169,900 Active 4 DOM
17. 2026-05-26
    price $169,900
18. 2026-05-26
    listed $173,000 Active
19. 2025-11-04
    soldstatus $78,500
20. 1985-12-01
    soldstatus $41,000
21. 1985-12-01
    soldstatus $20,500

ⓘ 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: $521 · $43/mo
• Projected year-2 tax: $1,353 · $113/mo
• Expected delta: +$832/yr (+$69/mo · 159.8%)

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

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 ≥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

Taxation est. · year 1

• Rental income: $24,049
• − Mortgage interest: −$9,131
• − Property taxes: −$521
• − Insurance: −$815
• − Repairs & maintenance: −$1,924
• − Management: −$1,924
• − Depreciation: −$4,742
• Taxable income: $4,993
• Est. tax owed @ 24.0%: −$1,198
• After-tax cash flow: $6,207/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 — Homosassa Springs

• Score: 71/100
• State rank: #391
• US rank: #6877

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homosassa Springs, FL
• County: Citrus County · 111,314 people
• Metro: Homosassa Springs, FL
• Population (ZIP): 19,102
• Household income: $58,802
• Rent vs Own: 6.9% rent · 93.1% own
• Severe rent burden: 121.0

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 (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: —

Market trends

• HPI YoY: ▼ -32.11%
• Current HPI: 277.2576
• 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

+314.4% since first listed

5 events — show timeline

• 2026-05-26 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-26 Listed $173,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-04 Sold (Public Records) $78,500 Public Records
• 1985-12-01 Sold (Public Records) $20,500 Public Records
• 1985-12-01 Sold (Public Records) $41,000 Public Records

Property tax history

+14.2%/yr

Latest (2025): $521 · +11.5% YoY. Source: county tax records.