2670 W Fairway Loop · Citrus Springs, FL 34434

$289,000

4 bd · 2.0 ba · 1,773 sqft · Land · 87 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 +6.8/30.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.1/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

Move-in READY NEW CONSTRUCTION, golf course VIEW, and NO HOA—that combination is hard to find at this price point. This brand-new home already includes UPGRADES you’d normally pay extra for, like upgraded stonework, an improved driveway, and modern lighting, so you can move in without unexpected costs. The layout is open, bright, and functional, with a modern kitchen, stainless steel appliances —ideal whether you plan to live in the home or rent it out. Sitting on a generous lot in a quiet area, it offers real privacy—something that’s getting harder to find—while still being minutes from Citrus Springs Middle School, and a short drive to Crystal River and Ocala. With no HOA, you have full flexibility to use the property as you want. For the combination of new construction, upgrades, location, and view, this is a smart buy—whether you’re looking for a primary home or a rental investment. It’s worth seeing in person before someone else get it. Easy to show! Call and schedule your showing today! * Some pictures have been virtually staged.

Key facts

• Bright living area
• Golf course view
• Improved driveway

Tags

• GOLF COURSE VIEW
• UPGRADED FRONT STONEWORK
• IMPROVED DRIVEWAY
• MODERN LIGHT FIXTURES
• OPEN-CONCEPT LAYOUT
• BRIGHT LIVING AREA

Property features AI

Finance

• Other: Zoned PDR

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single-family residence; One story; Faces northwest; New construction; Residential property
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Completed condition; Built as new construction
• Exterior features: Exterior lighting; Sliding doors; Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Open floorplan; Living room and dining room combo; Stone countertops; Walk-in closets
• Laundry & utility: Laundry room (other)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $289k.

Deal economics

• At list price, monthly cash flow is $-443 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (22.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $197k (31.9% below list).
• Recommended offer: $197k (31.9% 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: Central Ridge Elementary School (math 41% / reading 44%, grade F, #1,383 of 2,144 statewide, top 65%, 723 students, 64% FRL); Citrus High School (math 34% / reading 51%, grade F, #264 of 667 statewide, top 41%, 1,503 students, 54% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: 1242 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 34% 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 $9k 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 87 days — a 6% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $60k; list at $289k implies a 382% 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 $196,730 (31.9% 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 87 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.68% ✗
• Cap rate: 4.45%
• Cash-on-cash: -6.57%
• DSCR: 0.71
• GRM: 12.2

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: -27.6%
• Equity multiple: 0.07×
• Total profit: $-75,019
• Equity at exit: $43,091

10-year hold

• IRR: -26.0%
• Equity multiple: -0.25×
• Total profit: $-101,539
• Equity at exit: $24,987

Cash invested: $80,920 (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: 12.2×

Monthly cashflow live

• Estimated rent: $1,967 high
• Mortgage (P&I): −$1,516
• Tax est. 1.5%: −$361 /mo · $4,335/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$413
• Net cashflow: $-443

Break-even live

Break-even rent $2,528

Max offer price $224,890

Occupancy floor —

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: $72,250
• Closing costs: $8,670
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9081 N Golfview Dr Citrus Springs, FL	3.0	1.5	1374	$1,400	$1.02	21d	1	0.41mi
9205 N Fawn Way Citrus Springs, FL	3.0	2.0	1428	$1,750	$1.23	21d	1	0.42mi
9305 N Citrus Springs Blvd Citrus Springs, FL	3.0	2.0	1411	$1,800	$1.28	21d	1	0.44mi
2907 W Camilo Dr Citrus Springs, FL	4.0	2.0	1449	$1,795	$1.24	21d	1	0.57mi
3036 W Akron Pl Citrus Springs, FL	4.0	2.0	1833	$2,000	$1.09	21d	1	0.59mi
8596 N Spartan Dr Citrus Springs, FL	4.0	2.0	1833	$2,000	$1.09	21d	1	0.61mi
9127 N Justa Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	21d	1	0.70mi
8006 N Voyager Dr Citrus Springs, FL	4.0	2.0	1636	$1,899	$1.16	21d	1	0.77mi
3584 W Burgandy Dr Citrus Springs, FL	3.0	2.0	1413	$1,699	$1.20	21d	1	0.89mi
8715 N Paradisea Dr Citrus Springs, FL	3.0	2.0	1403	$1,850	$1.32	21d	1	0.95mi
9730 N Elkcam Blvd Citrus Springs, FL	4.0	2.0	1672	$1,785	$1.07	21d	1	0.96mi
7938 N Maltese Dr Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	21d	1	1.15mi
8267 N Santos Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	21d	1	1.22mi
8055 N Wellington Ter Citrus Springs, FL	3.0	2.0	1250	$1,750	$1.40	21d	1	1.22mi
1912 W Quaker Ln Citrus Springs, FL	4.0	2.0	1636	$1,895	$1.16	21d	1	1.34mi
3272 W Fairbank Dr Citrus Springs, FL	4.0	2.0	1774	$2,050	$1.16	21d	1	1.43mi
9810 N Santee Ter Dunnellon, FL	4.0	2.0	1449	$1,815	$1.25	21d	1	1.46mi

Listing history 22 events

1. 2026-06-19
   days on market $289,000 Active 87 DOM
2. 2026-06-18
   days on market $289,000 Active 86 DOM
3. 2026-06-17
   days on market $289,000 Active 85 DOM
4. 2026-06-16
   days on market $289,000 Active 84 DOM
5. 2026-06-15
   days on market $289,000 Active 83 DOM
6. 2026-06-14
   days on market $289,000 Active 81 DOM
7. 2026-06-13
   days on market $289,000 Active 80 DOM
8. 2026-06-09
   days on market $289,000 Active 77 DOM
9. 2026-06-08
   days on market $289,000 Active 76 DOM
10. 2026-06-07
    days on market $289,000 Active 75 DOM
11. 2026-06-03
    days on market $289,000 Active 71 DOM
12. 2026-06-02
    days on market $289,000 Active 70 DOM
13. 2026-06-01
    days on market $289,000 Active 69 DOM
14. 2026-05-31
    days on market $289,000 Active 68 DOM
15. 2026-05-30
    days on market $289,000 Active 67 DOM
16. 2026-05-01
    listed $289,000 Active 1106-char remark

    Show marketing remark (1106 chars)

    Move-in READY NEW CONSTRUCTION, golf course VIEW, and NO HOA—that combination is hard to find at this price point. This brand-new home already includes UPGRADES you’d normally pay extra for, like upgraded stonework, an improved driveway, and modern lighting, so you can move in without unexpected costs. The layout is open, bright, and functional, with a modern kitchen, stainless steel appliances —ideal whether you plan to live in the home or rent it out. Sitting on a generous lot in a quiet area, it offers real privacy—something that’s getting harder to find—while still being minutes from Citrus Springs Middle School, and a short drive to Crystal River and Ocala. With no HOA, you have full flexibility to use the property as you want. For the combination of new construction, upgrades, location, and view, this is a smart buy—whether you’re looking for a primary home or a rental investment. It’s worth seeing in person before someone else get it. Easy to show! Call and schedule your showing today! * Some pictures have been virtually staged.

17. 2026-04-27
    price $289,000
18. 2026-03-24
    listed $293,900 Active
19. 2025-04-07
    soldstatus $60,000
20. 2025-04-03
    soldstatus $20,000 Closed 480-char remark

    Show marketing remark (480 chars)

    Are you looking to build your new home in an area without all the HOA fees? This is it! Near the Citrus Springs Golf Course and close to the community center. Own your slice of paradise near Crystal River, Rainbow River, shopping, dining and so much more! Not in a flood zone. Why buy when you can build it new! The owner also owns 2 more lots in this neighborhood. Address 2656 & 2640 W Fairway (Next to this lot) can be sold as a package. Approximately 300 FT of Frontage.

21. 2025-03-09
    status Pending 480-char remark

    Show marketing remark (480 chars)

    Are you looking to build your new home in an area without all the HOA fees? This is it! Near the Citrus Springs Golf Course and close to the community center. Own your slice of paradise near Crystal River, Rainbow River, shopping, dining and so much more! Not in a flood zone. Why buy when you can build it new! The owner also owns 2 more lots in this neighborhood. Address 2656 & 2640 W Fairway (Next to this lot) can be sold as a package. Approximately 300 FT of Frontage.

22. 2025-02-16
    listed $24,000 Active 480-char remark

    Show marketing remark (480 chars)

    Are you looking to build your new home in an area without all the HOA fees? This is it! Near the Citrus Springs Golf Course and close to the community center. Own your slice of paradise near Crystal River, Rainbow River, shopping, dining and so much more! Not in a flood zone. Why buy when you can build it new! The owner also owns 2 more lots in this neighborhood. Address 2656 & 2640 W Fairway (Next to this lot) can be sold as a package. Approximately 300 FT of Frontage.

ⓘ 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: $23,608
• − Mortgage interest: −$16,188
• − Property taxes: −$4,335
• − Insurance: −$1,445
• − Repairs & maintenance: −$1,889
• − Management: −$1,889
• − Depreciation: −$8,407
• Taxable loss: −$10,545
• Est. tax savings @ 24.0%: +$2,531
• After-tax cash flow: $-2,786/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

+1104.2% since first listed

7 events — show timeline

• 2026-05-01 Listed $289,000 RACC
• 2026-04-27 Price Changed $289,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listed $293,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-07 Sold (Public Records) $60,000 Public Records
• 2025-04-03 Sold (MLS) $20,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-02-16 Listed $24,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+11.6%/yr

Latest (2025): $224 · +46.0% YoY. Source: county tax records.