4102 Des Prez Ct · Hernando Beach, FL 34607

$250,000

3 bd · 2.0 ba · 1,364 sqft · SingleFamily public records · 1 Days on market

Built 1973 10,000 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +9.4/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

Key facts

• Boat dock
• Double lot
• 0.23 acre lot

Tags

• DOUBLE LOT
• 100 FT CONCRETE SEAWALL
• BOAT DOCK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $711 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $250k).
• Cap rate 11.8% vs local median 3.5% in Hernando Beach — 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 64/100 on livability (#672 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A-; Watch: health & safety C-, schools 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.
• Market conditions: 347 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).

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.
• Hernando County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 9y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $250,000

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
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: 1.44% ✓
• Cap rate: 11.76%
• Cash-on-cash: 19.51%
• DSCR: 1.87
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $552,420
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4023 Companero Entra	0.23mi	3/3.0	1,374 (+1%)	2mo	$630,000	$459	82
4137 Des Prez Ct	0.05mi	3/2.0	1,470 (+8%)	6mo	$595,000	$405	80
4151 Camelia Dr	0.13mi	2/2.0 (-1)	1,432 (+5%)	2mo	$395,000	$276	79
4208 Des Prez Ct	0.17mi	2/2.0 (-1)	1,435 (+5%)	0mo	$500,000	$348	78
3363 Poinsettia Dr	0.48mi	3/2.0	1,440 (+6%)	4mo	$495,000	$344	65
4315 Flexer Dr	0.37mi	2/2.0 (-1)	1,254 (-8%)	0mo	$355,000	$283	64
3356 Oleander Dr	0.44mi	3/2.0	1,242 (-9%)	2mo	$470,000	$378	63
4071 Orient Dr	0.46mi	3/2.0	1,260 (-8%)	3mo	$540,000	$429	63
4452 Kingston Dr	0.63mi	3/2.0	1,204 (-12%)	4mo	$615,000	$511	48
3546 Flamingo Blvd	0.69mi	3/2.0	1,528 (+12%)	4mo	$652,000	$427	44
4446 Bahama Dr	0.58mi	3/3.0	1,193 (-12%)	5mo	$590,000	$495	44
4447 Bahama Dr	0.59mi	3/1.0	1,186 (-13%)	4mo	$435,000	$367	43

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $5,107
• Equity at exit: $37,276

10-year hold

• IRR: 11.6%
• Equity multiple: 1.91×
• Total profit: $64,041
• Equity at exit: $21,615

Cash invested: $70,000 (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 34607

• Home prices YoY: -9.1%
• Active inventory: 347
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $3,609 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$298 /mo · $3,573/yr
• Insurance: −$104
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$758
• Net cashflow: $711

Break-even live

Break-even rent $2,708

Max offer price $250,000

Occupancy floor 75%

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4262 Biscayne Dr Hernando Beach, FL	3.0	2.0	1580	$4,000	$2.53	24d	1	0.34mi
4446 San Juan Dr Hernando Beach, FL	2.0	2.0	1245	$3,500	$2.81	24d	1	0.58mi
3272 Minnow Creek Dr Hernando Beach, FL	4.0	3.0	1830	$3,000	$1.64	24d	1	0.82mi
4021 Eagle Nest Dr Hernando Beach, FL	3.0	2.0	1199	$3,300	$2.75	17d	1	0.97mi

Listing history 23 events

1. 2025-12-30
   status Pending

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

2. 2025-12-30
   price $250,000

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

3. 2025-12-30
   status Pending 628-char remark

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

4. 2025-12-30
   price $250,000 628-char remark

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

5. 2025-12-30
   listed $250,000 Active

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

6. 2025-12-30
   historical

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

7. 2025-08-01
   status Active 628-char remark

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

8. 2025-08-01
   status Active

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

9. 2025-07-31
   historical

   Show marketing remark (628 chars)

   Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

10. 2025-07-31
    historical 628-char remark

    Show marketing remark (628 chars)

    Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

11. 2025-01-31
    listed $425,000 Active

    Show marketing remark (628 chars)

    Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

12. 2025-01-31
    listed $425,000 Active 628-char remark

    Show marketing remark (628 chars)

    Property is currently in the process of a short sale. All offers are subject to bank approval. Double Lot with Direct Access to the Gulf of Mexico. Withlacoochee River Electric and Hernando County Water/Sewer on site. Home was affected by Hurricane Helene. This double lot has a 100 ft concrete seawall and boat dock for your fishing/boating pleasures. This property was affected by the Hurricanes and is being sold for the value of the improved land giving you a blank slate that offers easy access to boating and fishing in the Gulf. This is a double lot measuring 100x100 sq ft. Plenty of room for your dream home and a pool.

13. 2019-11-11
    historical
14. 2019-09-06
    soldstatus $218,000
15. 2019-09-06
    soldstatus $218,000
16. 2019-09-06
    soldstatus $218,000
17. 2019-04-26
    listed $224,900
18. 2019-04-26
    listed $224,900
19. 2017-12-29
    historical
20. 2017-06-30
    listed $245,000
21. 2017-06-30
    listed $245,000
22. 1989-08-01
    soldstatus $72,000
23. 1982-04-01
    soldstatus $47,000

ⓘ 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: $3,573 · $298/mo
• Projected year-2 tax: $3,573 · $298/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥110°F today · 23 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,305
• − Mortgage interest: −$14,004
• − Property taxes: −$3,573
• − Insurance: −$6,368
• − Repairs & maintenance: −$3,464
• − Management: −$3,464
• − Depreciation: −$7,273
• Taxable income: $5,158
• Est. tax owed @ 24.0%: −$1,238
• After-tax cash flow: $7,299/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 — Hernando Beach

• Score: 64/100
• State rank: #672
• US rank: #13911

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hernando Beach, FL
• Population (ZIP): 9,046

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 14% Two or more races 6% Black 2%
• Hispanic origin (detail): Puerto Rican 8% Cuban 2%
• Common ancestry: Romanian 4% Lithuanian 3% Iranian 2%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 90% English-only · Spanish 7% Arabic 1% 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: ▼ -56.89%
• Current HPI: 567.35
• Rent YoY: —
• Metro: —
• 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

+431.9% since first listed

23 events — show timeline

• 2025-12-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-30 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-30 Pending — HCAR
• 2025-12-30 Price Changed $250,000 HCAR
• 2025-12-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-30 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-01 Relisted — HCAR
• 2025-08-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-31 Listing Removed — HCAR
• 2025-07-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-31 Listed $425,000 HCAR
• 2025-01-31 Listed $425,000 Stellar MLS as Distributed by MLS Grid
• 2019-11-11 Listing Removed — HCAR
• 2019-09-06 Sold (Public Records) $218,000 Public Records
• 2019-09-06 Sold (MLS) $218,000 Stellar MLS as Distributed by MLS Grid
• 2019-09-06 Sold (MLS) $218,000 HCAR
• 2019-04-26 Listed $224,900 Stellar MLS as Distributed by MLS Grid
• 2019-04-26 Listed $224,900 HCAR
• 2017-12-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-06-30 Listed $245,000 Stellar MLS as Distributed by MLS Grid
• 2017-06-30 Listed $245,000 HCAR
• 1989-08-01 Sold (Public Records) $72,000 Public Records
• 1982-04-01 Sold (Public Records) $47,000 Public Records

Property tax history

+11.2%/yr

Latest (2025): $3,573 · -0.6% YoY. Source: county tax records.