7193 Sealawn Dr · Spring Hill, FL 34606

$229,000

3 bd · 2.0 ba · 1,120 sqft · Land · 37 Days on market

Built 2026 9,974 sqft lot

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Why this score? — see what drove the C- 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 +21.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +4.3/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this brand new Nobility built 3 bedroom, 2 bath manufactured home in Spring Hill, offering modern finishes, low-maintenance living, and a convenient location close to everyday amenities and Florida's Gulf Coast lifestyle. Built in 2026, this home features a bright, open concept layout designed for comfortable everyday living. The main living space flows seamlessly into the kitchen and dining area, creating an inviting environment for relaxing or entertaining. The kitchen is thoughtfully designed with ample cabinetry, modern finishes, and efficient workspace, making meal preparation and gatherings easy and enjoyable. The primary suite offers a private retreat with its own bathroom and comfortable layout, while the additional bedrooms provide flexibility for guests, a home office, or hobbies. Enjoy the ease of low-maintenance living with space to create your own outdoor setting, perfect for enjoying Florida's year-round sunshine. . Conveniently located just minutes to US 19/Commercial Way, this home offers quick access to shopping, dining, medical facilities, and everyday conveniences. A short drive to the Gulf Coast provides opportunities for boating, fishing, kayaking, and waterfront dining. The adjoining property with a new home is also available, creating a unique opportunity for extended living, investment potential, or multi-property ownership. With brand new construction, an efficient layout, and a prime Spring Hill location near amenities and the water, this home offers comfort, convenience, and value. Schedule your private showing today.

Key facts

• Ample cabinetry
• Modern finishes
• Private retreat

Tags

• MODERN FINISHES
• OPEN CONCEPT LAYOUT
• AMPLE CABINETRY
• PRIVATE RETREAT
• LOW-MAINTENANCE LIVING
• QUICK ACCESS TO SHOPPING

Property features AI

Finance

• Other: Property type: Residential (manufactured home); Lot approximately 0.23 acres (80 x 100); Living area about 1,120 sq ft; Zoning: R1A
• HOA & community: No association indicated

Exterior

• Parking: Paved parking (driveway)
• Utilities: Well water source; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available; Broadband/high-speed internet available
• Home design: Manufactured double-wide home; One story; South-facing; Completed condition
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation; New construction (builder: Nobility Homes, model: Will)
• Exterior features: Private mailbox; Cleared, corner lot with paved surfaces; Asphalt/paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floor plan with kitchen/family room combo; Split bedroom layout
• Laundry & utility: Washer hookup; Electric dryer hookup; Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $229k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (6.7% below list).
• Recommended offer: $214k (6.7% below list) — sets the bar for 1% rule.
• Cap rate 8.1% vs local median 4.4% in Spring Hill — 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 63/100 on livability (#738 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, amenities F.
• Hernando (suburban): math 50% / reading 50% proficiency, ranked #38 of 73 in FL (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Deltona Elementary School (math 45% / reading 50%, grade D, #1,182 of 2,144 statewide, top 55%, 843 students, 72% FRL); Central High School (math 34% / reading 44%, grade F, #312 of 667 statewide, top 48%, 1,426 students, 53% FRL).
• Market conditions: Rents soft (-0.9%/yr); 386 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).
• This rent runs 45% of the median local income ($57k/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 $7k of value loss. Plan a longer hold.
• Hernando County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y 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 $40k; list at $229k implies a 472% 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 $213,594 (6.7% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.93% ✗
• Cap rate: 8.12%
• Cash-on-cash: 6.52%
• DSCR: 1.29
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.3%
• Equity multiple: 0.67×
• Total profit: $-21,290
• Equity at exit: $34,145

10-year hold

• IRR: -3.9%
• Equity multiple: 0.77×
• Total profit: $-14,628
• Equity at exit: $19,800

Cash invested: $64,120 (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 34606

• Home prices YoY: -24.7%
• Rents YoY: -0.9%
• Active inventory: 386
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,136 high
• Mortgage (P&I): −$1,201
• Tax from tax record: −$43 /mo · $511/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $348

Break-even live

Break-even rent $1,695

Max offer price $229,000

Occupancy floor 79%

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7369 Sealawn Dr Spring Hill, FL	2.0	2.0	1154	$2,500	$2.17	3d	1	0.37mi
7272 Apache Trl Spring Hill, FL	3.0	2.0	1408	$2,650	$1.88	24d	1	0.51mi
3204 Painters St Spring Hill, FL	2.0	2.0	749	$1,300	$1.74	11d	1	0.59mi
7410 Cherokee Trl Spring Hill, FL	3.0	2.0	1196	$1,725	$1.44	12d	1	0.70mi
7423 Mohawk Trl Spring Hill, FL	3.0	2.0	1114	$1,795	$1.61	17d	1	0.78mi
3191 Deltona Blvd Spring Hill, FL	3.0	2.0	1366	$1,815	$1.33	24d	1	1.14mi
4300 Bridgewater Club Loop Spring Hill, FL	2.0–4.0	2.0–3.0	1214	$1,396	$1.15	1d	13	1.28mi

Listing history 28 events

1. 2026-06-18
   days on market $229,000 Active 37 DOM
2. 2026-06-17
   days on market $229,000 Active 36 DOM
3. 2026-06-16
   days on market $229,000 Active 35 DOM
4. 2026-06-15
   days on market $229,000 Active 34 DOM
5. 2026-06-13
   days on market $229,000 Active 32 DOM
6. 2026-06-13
   days on market $229,000 Active 31 DOM
7. 2026-06-09
   days on market $229,000 Active 28 DOM
8. 2026-06-08
   days on market $229,000 Active 27 DOM
9. 2026-06-07
   days on market $229,000 Active 26 DOM
10. 2026-06-04
    days on market $229,000 Active 23 DOM
11. 2026-06-03
    days on market $229,000 Active 22 DOM
12. 2026-06-02
    days on market $229,000 Active 21 DOM
13. 2026-06-01
    days on market $229,000 Active 20 DOM
14. 2026-05-31
    days on market $229,000 Active 19 DOM
15. 2026-05-12
    listed $229,000 Active
16. 2026-05-06
    listed $229,000 Active 1582-char remark

    Show marketing remark (1582 chars)

    Welcome to this brand new Nobility built 3 bedroom, 2 bath manufactured home in Spring Hill, offering modern finishes, low-maintenance living, and a convenient location close to everyday amenities and Florida's Gulf Coast lifestyle. Built in 2026, this home features a bright, open concept layout designed for comfortable everyday living. The main living space flows seamlessly into the kitchen and dining area, creating an inviting environment for relaxing or entertaining. The kitchen is thoughtfully designed with ample cabinetry, modern finishes, and efficient workspace, making meal preparation and gatherings easy and enjoyable. The primary suite offers a private retreat with its own bathroom and comfortable layout, while the additional bedrooms provide flexibility for guests, a home office, or hobbies. Enjoy the ease of low-maintenance living with space to create your own outdoor setting, perfect for enjoying Florida's year-round sunshine. . Conveniently located just minutes to US 19/Commercial Way, this home offers quick access to shopping, dining, medical facilities, and everyday conveniences. A short drive to the Gulf Coast provides opportunities for boating, fishing, kayaking, and waterfront dining. The adjoining property with a new home is also available, creating a unique opportunity for extended living, investment potential, or multi-property ownership. With brand new construction, an efficient layout, and a prime Spring Hill location near amenities and the water, this home offers comfort, convenience, and value. Schedule your private showing today.

17. 2024-07-03
    soldstatus $40,000
18. 2024-06-27
    soldstatus $40,000 Closed 367-char remark

    Show marketing remark (367 chars)

    MOTIVATED SELLER! RECENT PRICE REDUCTION IS GETTING ACTIVITY! MAKE AN OFFER! X FLOOD ZONE! . 50 ACRE CORNER LOT 1 MILE EAST OF 19! What a location! Zoned R1A. NO HOA NO CDD! Partially cleared with just enough left for you to make it your own! Start with the land, then put your dream home on it! Contact me, or your favorite Realtor to make an offer before it's gone!

19. 2024-06-03
    status Pending 367-char remark

    Show marketing remark (367 chars)

    MOTIVATED SELLER! RECENT PRICE REDUCTION IS GETTING ACTIVITY! MAKE AN OFFER! X FLOOD ZONE! . 50 ACRE CORNER LOT 1 MILE EAST OF 19! What a location! Zoned R1A. NO HOA NO CDD! Partially cleared with just enough left for you to make it your own! Start with the land, then put your dream home on it! Contact me, or your favorite Realtor to make an offer before it's gone!

20. 2024-04-12
    price $47,000 367-char remark

    Show marketing remark (367 chars)

    MOTIVATED SELLER! RECENT PRICE REDUCTION IS GETTING ACTIVITY! MAKE AN OFFER! X FLOOD ZONE! . 50 ACRE CORNER LOT 1 MILE EAST OF 19! What a location! Zoned R1A. NO HOA NO CDD! Partially cleared with just enough left for you to make it your own! Start with the land, then put your dream home on it! Contact me, or your favorite Realtor to make an offer before it's gone!

21. 2024-03-25
    status Active 367-char remark

    Show marketing remark (367 chars)

    MOTIVATED SELLER! RECENT PRICE REDUCTION IS GETTING ACTIVITY! MAKE AN OFFER! X FLOOD ZONE! . 50 ACRE CORNER LOT 1 MILE EAST OF 19! What a location! Zoned R1A. NO HOA NO CDD! Partially cleared with just enough left for you to make it your own! Start with the land, then put your dream home on it! Contact me, or your favorite Realtor to make an offer before it's gone!

22. 2024-03-21
    status Pending 367-char remark

    Show marketing remark (367 chars)

    MOTIVATED SELLER! RECENT PRICE REDUCTION IS GETTING ACTIVITY! MAKE AN OFFER! X FLOOD ZONE! . 50 ACRE CORNER LOT 1 MILE EAST OF 19! What a location! Zoned R1A. NO HOA NO CDD! Partially cleared with just enough left for you to make it your own! Start with the land, then put your dream home on it! Contact me, or your favorite Realtor to make an offer before it's gone!

23. 2024-03-12
    price $50,000 367-char remark

    Show marketing remark (367 chars)

    MOTIVATED SELLER! RECENT PRICE REDUCTION IS GETTING ACTIVITY! MAKE AN OFFER! X FLOOD ZONE! . 50 ACRE CORNER LOT 1 MILE EAST OF 19! What a location! Zoned R1A. NO HOA NO CDD! Partially cleared with just enough left for you to make it your own! Start with the land, then put your dream home on it! Contact me, or your favorite Realtor to make an offer before it's gone!

24. 2023-11-28
    listed $55,000 Active 367-char remark

    Show marketing remark (367 chars)

    MOTIVATED SELLER! RECENT PRICE REDUCTION IS GETTING ACTIVITY! MAKE AN OFFER! X FLOOD ZONE! . 50 ACRE CORNER LOT 1 MILE EAST OF 19! What a location! Zoned R1A. NO HOA NO CDD! Partially cleared with just enough left for you to make it your own! Start with the land, then put your dream home on it! Contact me, or your favorite Realtor to make an offer before it's gone!

25. 2023-10-30
    soldstatus $35,000 Closed
26. 2023-10-06
    status Pending
27. 2023-08-22
    price $47,000
28. 2023-06-08
    listed $49,900 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: $511 · $43/mo
• Projected year-2 tax: $1,901 · $158/mo
• Expected delta: +$1,389/yr (+$116/mo · 271.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,631
• − Mortgage interest: −$12,828
• − Property taxes: −$511
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,051
• − Management: −$2,051
• − Depreciation: −$6,662
• Taxable income: $385
• Est. tax owed @ 24.0%: −$92
• After-tax cash flow: $4,089/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: Hernando
• NCES district ID: 1200810
• Math proficiency: 50% ▼ -8.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $41,985
• Composite: 42.03/100
• National rank: #3329
• State rank: #38 of 73 in FL

Livability — Spring Hill

• Score: 63/100
• State rank: #738
• US rank: #15937

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spring Hill, FL
• County: Hernando County · 169,677 people
• City population: 83,915
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 28,668
• Household income: $57,337
• Rent vs Own: 23.2% rent · 76.8% own
• Severe rent burden: 733.0

Population outlook (Hernando County) Hauer SSP2

• Today (2025): 189,218 people
• By 2030: 194,367 · +2.7%
• By 2040: 203,398 · +7.5%
• By 2050: 209,589 · +10.8%
• By 2075: 218,452 · +15.4%
• By 2100: 205,923 · +8.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 16% Two or more races 13% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 10% Cuban 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 11% German/W. Germanic 1%

Political lean MEDSL · Hernando

• 2024 margin: Solid R (+37.0) · D 31.1% · R 68.2%
• 2008→2024 swing: -33.5pp toward R · 2008: -3.6pp · 2024: -37.0pp
• All cycles: 2024: R+37.0 2020: R+30.2 2016: R+29.0 2012: R+8.5 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.11%
• Current HPI: 298.5201
• Rent YoY: ▼ -0.89%
• Metro: Tampa-St. Petersburg-Clearwater, 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

+358.9% since first listed

14 events — show timeline

• 2026-05-12 Listed $229,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Listed $229,000 HCAR
• 2024-07-03 Sold (Public Records) $40,000 Public Records
• 2024-06-27 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-04-12 Price Changed $47,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-25 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-03-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-03-12 Price Changed $50,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-28 Listed $55,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-30 Sold (MLS) $35,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-08-22 Price Changed $47,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-08 Listed $49,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.9%/yr

Latest (2025): $511 · +68.5% YoY. Source: county tax records.