4284 E Alabama Ln · Hernando, FL 34442

$95,000

2 bd · 1.0 ba · 864 sqft · Manufactured public records · 47 Days on market

Built 1997 6,245 sqft lot Est $135k · 30% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

Key facts

• 6,245 sq ft lot
• Built 1997
• Listed 47 days

Property features AI

Exterior

• Parking: Concrete driveway
• Utilities: Private well water; Septic tank sewer
• Home design: Manufactured home (Single wide); Residential property; Located in Hernando City Heights
• Construction: Asphalt shingle roof
• Exterior features: Fenced yard; Shed(s); Level lot; Paved road access

Interior

• Kitchen: Electric oven; Electric range; Refrigerator
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Laminate counters; Open floor plan; High-speed internet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $95k.

Deal economics

• At list price, monthly cash flow is $513 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.8% vs local median 5.7% 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.
• Zoned schools: Hernando Elementary School (math 47% / reading 51%, grade D, #1,134 of 2,144 statewide, top 54%, 813 students, 71% FRL); Inverness Middle School (math 52% / reading 48%, grade C, #254 of 571 statewide, top 45%, 1,017 students, 60% FRL); Citrus High School (math 34% / reading 51%, grade F, #264 of 667 statewide, top 41%, 1,503 students, 54% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 447 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% 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 $657 of loan paydown is wiped out by about $3k 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 $27k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,150 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% 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: 1.57% ✓
• Cap rate: 12.77%
• Cash-on-cash: 23.12%
• DSCR: 2.03
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $134,784
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4294 E Van Ness Rd	0.05mi	2/2.0	864 (0%)	2mo	$165,000	$191	91
4232 E Alabama Ln	0.05mi	3/1.0 (+1)	912 (+6%)	3mo	$84,700	$93	81
1635 N Arkansas Ter	0.10mi	2/1.5	784 (-9%)	6mo	$83,000	$106	73
1805 N Paul Dr	0.38mi	2/1.5	784 (-9%)	2mo	$123,000	$157	63
1420 N Sylvan Pt	0.54mi	2/2.0	840 (-3%)	7mo	$95,000	$113	60
3960 E David St	0.49mi	2/1.0	844 (-2%)	19mo	$132,000	$156	57

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: 16.1%
• Equity multiple: 1.65×
• Total profit: $17,283
• Equity at exit: $14,165

10-year hold

• IRR: 24.8%
• Equity multiple: 3.15×
• Total profit: $57,209
• Equity at exit: $8,214

Cash invested: $26,600 (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: 447
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,495 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$131 /mo · $1,567/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $513

Break-even live

Break-even rent $846

Max offer price $95,000

Occupancy floor 61%

Sensitivity live

Price	-10% $566	-5% $539	+0% $513	+5% $486	+10% $459
Rent	-10% $394	-5% $454	+0% $513	+5% $572	+10% $631
Rate	-1.0pp $560	-0.5pp $537	base $513	+0.5pp $488	+1.0pp $463

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-02
   status $95,000 Pending 47 DOM
2. 2026-06-01
   days on market $95,000 Active 47 DOM
3. 2026-05-31
   days on market $95,000 Active 46 DOM
4. 2026-05-30
   days on market $95,000 Active 45 DOM
5. 2026-05-14
   price $95,000
6. 2026-04-16
   listed $100,000 Active
7. 2026-04-08
   soldstatus $84,000
8. 2026-03-31
   soldstatus $84,000 Closed 565-char remark

   Show marketing remark (565 chars)

   Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

9. 2026-02-26
   status Pending 565-char remark

   Show marketing remark (565 chars)

   Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

10. 2026-01-22
    price $94,900 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

11. 2025-12-02
    status Active 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

12. 2025-12-02
    price $104,900 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

13. 2025-11-06
    status Pending 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

14. 2025-10-03
    status Active 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

15. 2025-10-03
    price $114,900 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

16. 2025-10-02
    historical 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

17. 2025-09-27
    price $99,900 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

18. 2025-09-10
    listed $117,900 Active 565-char remark

    Show marketing remark (565 chars)

    Fresh Updates! This charming 1997 home has just undergone a major refresh—brand-new vinyl plank flooring throughout adds a modern style and easy maintenance. The roof and WELL equipment were both replaced in 2022, giving peace of mind for years to come. Priced to Sell thanks to its vintage, yet well-maintained structure. Hurry, this is an excellent price for a beautiful location. ALL REASONABLE OFFERS CONSIDERED! THIS IS REAL PROPERTY, NOT A MOBILE HOME PARK! The owner will hold the mortgage with a proper down payment. call your agent today for details.

19. 2021-07-06
    soldstatus $59,000
20. 1981-09-01
    soldstatus $49,000

ⓘ 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: $1,567 · $131/mo
• Projected year-2 tax: $1,567 · $131/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 24 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: $17,939
• − Mortgage interest: −$5,321
• − Property taxes: −$1,567
• − Insurance: −$475
• − Repairs & maintenance: −$1,435
• − Management: −$1,435
• − Depreciation: −$2,764
• Taxable income: $4,941
• Est. tax owed @ 24.0%: −$1,186
• After-tax cash flow: $4,965/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

+93.9% since first listed

16 events — show timeline

• 2026-05-14 Price Changed $95,000 RACC
• 2026-04-16 Listed $100,000 RACC
• 2026-04-08 Sold (Public Records) $84,000 Public Records
• 2026-03-31 Sold (MLS) $84,000 RACC
• 2026-02-26 Pending — RACC
• 2026-01-22 Price Changed $94,900 RACC
• 2025-12-02 Relisted — RACC
• 2025-12-02 Price Changed $104,900 RACC
• 2025-11-06 Pending — RACC
• 2025-10-03 Relisted — RACC
• 2025-10-03 Price Changed $114,900 RACC
• 2025-10-02 Delisted — RACC
• 2025-09-27 Price Changed $99,900 RACC
• 2025-09-10 Listed $117,900 RACC
• 2021-07-06 Sold (Public Records) $59,000 Public Records
• 1981-09-01 Sold (Public Records) $49,000 Public Records

Property tax history

+32.0%/yr

Latest (2025): $1,567 · +13.1% YoY. Source: county tax records.