3908 N Ranch Pass Ter · Hernando, FL 34442

$204,900

3 bd · 2.0 ba · 2,080 sqft · Manufactured public records · 63 Days on market

Built 1991 0.65 ac lot ↓ 11% since listing

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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 +25.8/30.0
• DSCR +8.6/10.0
• ARV discount +7.5/15.0
• 1% rule +5.5/10.0
• 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 MLS

Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

Key facts

• Quartz countertops
• Modern upgrades
• Remodeled kitchen

Tags

• UPDATED HOME
• SPACIOUS LOT
• MODERN UPGRADES
• REMODELED KITCHEN
• SHAKER CABINETS
• QUARTZ COUNTERTOPS

Property features AI

Finance

• Other: Lot approximately 0.65 acres (1/2 to less than 1 acre)
• HOA & community: No association; Pets allowed

Exterior

• Utilities: Public water; Septic tank; Electricity connected; Underground utilities; Water connected
• Home design: Manufactured home (double wide); One story; Faces east
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built as double wide manufactured home
• Exterior features: Awnings; Exterior lighting; Private mailbox; Paved road access

Interior

• Kitchen: Convection oven; Cooktop; Dishwasher; Disposal; Microwave; Refrigerator; Solid surface/stone counters; Eat-in kitchen
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Crown molding; Eat-in kitchen; Solid surface counters; Stone counters; Thermostat; Wet bar
• Laundry & utility: Washer and dryer included; Electric dryer hookup; Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $205k.

Deal economics

• At list price, monthly cash flow is $499 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $193k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 5.6% in Hernando — 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 (#402 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• 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.
• Market conditions: 444 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• At $2,160/mo this rent would consume 45% of the median local household income ($57k/yr) (locally 314% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 63 days — a 6% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $102k; list at $205k implies a 101% 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 $192,606 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.05% ✓
• Cap rate: 9.22%
• Cash-on-cash: 10.44%
• DSCR: 1.46
• GRM: 7.9

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: -0.7%
• Equity multiple: 0.97×
• Total profit: $-1,508
• Equity at exit: $30,551

10-year hold

• IRR: 8.9%
• Equity multiple: 1.68×
• Total profit: $39,232
• Equity at exit: $17,716

Cash invested: $57,372 (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 34442

• Home prices YoY: -21.9%
• Active inventory: 444
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,160 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$47 /mo · $565/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $499

Break-even live

Break-even rent $1,528

Max offer price $204,900

Occupancy floor 72%

Sensitivity live

Price	-10% $615	-5% $557	+0% $499	+5% $441	+10% $383
Rent	-10% $329	-5% $414	+0% $499	+5% $584	+10% $670
Rate	-1.0pp $602	-0.5pp $551	base $499	+0.5pp $446	+1.0pp $392

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: $51,225
• Closing costs: $6,147
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2675 N Canterbury Lake Dr Hernando, FL	3.0	2.0	1855	$2,000	$1.08	21d	1	1.40mi
4855 E Princeton Ln Hernando, FL	4.0	2.0	1662	$2,000	$1.20	21d	1	1.48mi
4865 E Princeton Ln Hernando, FL	4.0	2.0	1662	$2,000	$1.20	21d	1	1.48mi
3723 N Chandler Dr Hernando, FL	3.0	2.0	1726	$2,400	$1.39	21d	1	1.50mi

Listing history 18 events

1. 2026-05-03
   status Pending 1104-char remark

   Show marketing remark (1104 chars)

   Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

2. 2026-05-02
   status Pending
3. 2026-04-25
   price $204,900 1104-char remark

   Show marketing remark (1104 chars)

   Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

4. 2026-04-24
   price $204,900
5. 2026-04-16
   price $214,900 1104-char remark

   Show marketing remark (1104 chars)

   Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

6. 2026-04-15
   price $214,900
7. 2026-03-24
   price $219,900 1104-char remark

   Show marketing remark (1104 chars)

   Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

8. 2026-03-24
   price $219,900

   Show marketing remark (1104 chars)

   Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

9. 2026-03-13
   price $224,900 1104-char remark

   Show marketing remark (1104 chars)

   Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

10. 2026-03-13
    price $224,900

    Show marketing remark (1104 chars)

    Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

11. 2026-02-28
    listed $229,900 Active 1104-char remark

    Show marketing remark (1104 chars)

    Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

12. 2026-02-28
    listed $229,900 Active

    Show marketing remark (1104 chars)

    Welcome to this beautifully updated home situated on a spacious 0.65-acre lot in desirable Hernando. Offering modern upgrades and plenty of room to spread out, this move-in-ready property combines comfort, style, and functionality. Inside, you’ll immediately notice the fresh interior and exterior paint, along with new luxury vinyl plank flooring throughout and all-new baseboards, creating a clean and cohesive look. The fully remodeled kitchen is a standout feature, showcasing shaker cabinets, quartz countertops, and stainless steel appliances — perfect for everyday living and entertaining alike. The bathrooms have been tastefully updated with modern finishes, and a new AC (2026) provides added peace of mind for years to come. Step outside and enjoy the generous yard space, ideal for outdoor activities, gardening, or future additions. A detached shed offers convenient extra storage for tools, equipment, or hobbies and a covered detached carport. With its thoughtful renovations and expansive lot, this home is ready for its next owner — schedule your private showing today.

13. 2025-11-03
    soldstatus $102,000 Closed 1042-char remark

    Show marketing remark (1042 chars)

    Coastal Living Meets Comfort & Flexibility – Very Motivated Seller! This spacious 3-bedroom, 3-bath home in Hernando is just 6 minutes from the Hernando Beach Park Boat Ramp—perfect for canoeing, paddle boarding, and boating adventures. A bright bonus room with dual exits offers flexibility as an in-law suite, office, or second living area. The thoughtful layout includes two oversized closets, a separate exit from the back bedroom for added privacy or rental potential, and a one-car carport. Enjoy a large fenced yard with a cement slab wired for a hot tub or outdoor entertaining, a small shed, and beautiful landscaping. Highlights include a yellow acacia tree that blooms in July, a rose orchard, and a Royal Empress tree with pale orchid flowers. Sandhill cranes often visit—thanks to years of friendly feeding by the original owner. Perfect for multi-generational living, working from home, or just room to spread out—this home has it all. Seller is very motivated—schedule your showing today!

14. 2025-11-03
    soldstatus $102,000

    Show marketing remark (1042 chars)

    Coastal Living Meets Comfort & Flexibility – Very Motivated Seller! This spacious 3-bedroom, 3-bath home in Hernando is just 6 minutes from the Hernando Beach Park Boat Ramp—perfect for canoeing, paddle boarding, and boating adventures. A bright bonus room with dual exits offers flexibility as an in-law suite, office, or second living area. The thoughtful layout includes two oversized closets, a separate exit from the back bedroom for added privacy or rental potential, and a one-car carport. Enjoy a large fenced yard with a cement slab wired for a hot tub or outdoor entertaining, a small shed, and beautiful landscaping. Highlights include a yellow acacia tree that blooms in July, a rose orchard, and a Royal Empress tree with pale orchid flowers. Sandhill cranes often visit—thanks to years of friendly feeding by the original owner. Perfect for multi-generational living, working from home, or just room to spread out—this home has it all. Seller is very motivated—schedule your showing today!

15. 2025-10-20
    status Pending 1042-char remark

    Show marketing remark (1042 chars)

    Coastal Living Meets Comfort & Flexibility – Very Motivated Seller! This spacious 3-bedroom, 3-bath home in Hernando is just 6 minutes from the Hernando Beach Park Boat Ramp—perfect for canoeing, paddle boarding, and boating adventures. A bright bonus room with dual exits offers flexibility as an in-law suite, office, or second living area. The thoughtful layout includes two oversized closets, a separate exit from the back bedroom for added privacy or rental potential, and a one-car carport. Enjoy a large fenced yard with a cement slab wired for a hot tub or outdoor entertaining, a small shed, and beautiful landscaping. Highlights include a yellow acacia tree that blooms in July, a rose orchard, and a Royal Empress tree with pale orchid flowers. Sandhill cranes often visit—thanks to years of friendly feeding by the original owner. Perfect for multi-generational living, working from home, or just room to spread out—this home has it all. Seller is very motivated—schedule your showing today!

16. 2025-10-02
    price $199,900 1042-char remark

    Show marketing remark (1042 chars)

    Coastal Living Meets Comfort & Flexibility – Very Motivated Seller! This spacious 3-bedroom, 3-bath home in Hernando is just 6 minutes from the Hernando Beach Park Boat Ramp—perfect for canoeing, paddle boarding, and boating adventures. A bright bonus room with dual exits offers flexibility as an in-law suite, office, or second living area. The thoughtful layout includes two oversized closets, a separate exit from the back bedroom for added privacy or rental potential, and a one-car carport. Enjoy a large fenced yard with a cement slab wired for a hot tub or outdoor entertaining, a small shed, and beautiful landscaping. Highlights include a yellow acacia tree that blooms in July, a rose orchard, and a Royal Empress tree with pale orchid flowers. Sandhill cranes often visit—thanks to years of friendly feeding by the original owner. Perfect for multi-generational living, working from home, or just room to spread out—this home has it all. Seller is very motivated—schedule your showing today!

17. 2025-09-03
    price $210,000 1042-char remark

    Show marketing remark (1042 chars)

    Coastal Living Meets Comfort & Flexibility – Very Motivated Seller! This spacious 3-bedroom, 3-bath home in Hernando is just 6 minutes from the Hernando Beach Park Boat Ramp—perfect for canoeing, paddle boarding, and boating adventures. A bright bonus room with dual exits offers flexibility as an in-law suite, office, or second living area. The thoughtful layout includes two oversized closets, a separate exit from the back bedroom for added privacy or rental potential, and a one-car carport. Enjoy a large fenced yard with a cement slab wired for a hot tub or outdoor entertaining, a small shed, and beautiful landscaping. Highlights include a yellow acacia tree that blooms in July, a rose orchard, and a Royal Empress tree with pale orchid flowers. Sandhill cranes often visit—thanks to years of friendly feeding by the original owner. Perfect for multi-generational living, working from home, or just room to spread out—this home has it all. Seller is very motivated—schedule your showing today!

18. 2025-08-13
    listed $230,000 Active 1042-char remark

    Show marketing remark (1042 chars)

    Coastal Living Meets Comfort & Flexibility – Very Motivated Seller! This spacious 3-bedroom, 3-bath home in Hernando is just 6 minutes from the Hernando Beach Park Boat Ramp—perfect for canoeing, paddle boarding, and boating adventures. A bright bonus room with dual exits offers flexibility as an in-law suite, office, or second living area. The thoughtful layout includes two oversized closets, a separate exit from the back bedroom for added privacy or rental potential, and a one-car carport. Enjoy a large fenced yard with a cement slab wired for a hot tub or outdoor entertaining, a small shed, and beautiful landscaping. Highlights include a yellow acacia tree that blooms in July, a rose orchard, and a Royal Empress tree with pale orchid flowers. Sandhill cranes often visit—thanks to years of friendly feeding by the original owner. Perfect for multi-generational living, working from home, or just room to spread out—this home has it all. Seller is very motivated—schedule your showing today!

ⓘ 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: $565 · $47/mo
• Projected year-2 tax: $1,701 · $142/mo
• Expected delta: +$1,135/yr (+$95/mo · 200.8%)

ⓘ 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 · 23 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: $25,916
• − Mortgage interest: −$11,478
• − Property taxes: −$565
• − Insurance: −$1,024
• − Repairs & maintenance: −$2,073
• − Management: −$2,073
• − Depreciation: −$5,961
• Taxable income: $2,741
• Est. tax owed @ 24.0%: −$658
• After-tax cash flow: $5,332/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 — Hernando

• Score: 71/100
• State rank: #402
• US rank: #7137

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hernando, FL
• County: Citrus County · 111,314 people
• City population: 17,281
• Metro: Homosassa Springs, FL
• Population (ZIP): 17,281
• Household income: $57,259
• Rent vs Own: 12.9% rent · 87.1% own
• Severe rent burden: 314.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 2%
• Common ancestry: Romanian 4% Slovak 4% Lithuanian 3%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 93% English-only · Spanish 3% German/W. Germanic 2% Tagalog/Filipino 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: ▼ -76.70%
• Current HPI: 273.3262
• 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

-10.9% since first listed

18 events — show timeline

• 2026-05-03 Pending — RACC
• 2026-05-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-25 Price Changed $204,900 RACC
• 2026-04-24 Price Changed $204,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Price Changed $214,900 RACC
• 2026-04-15 Price Changed $214,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $219,900 RACC
• 2026-03-24 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Price Changed $224,900 RACC
• 2026-03-13 Price Changed $224,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listed $229,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listed $229,900 RACC
• 2025-11-03 Sold (Public Records) $102,000 Public Records
• 2025-11-03 Sold (MLS) $102,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-02 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-03 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-13 Listed $230,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.6%/yr

Latest (2025): $565 · +13.1% YoY. Source: county tax records.