9600 N Misty Janell Ter · Inglis, FL 34428

$199,500

3 bd · 2.0 ba · 840 sqft · Manufactured public records · 35 Days on market

Built 1982 4.90 ac lot $16/mo HOA · 1% of rent

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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 +4.8/10.0
• Schools +4.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

OPPORTUNITY! PRIVACY! POTENTIAL! Rarely does a property like this become available in the Crystal River area. Situated on 4 SEPARATE, CONTIGUOUS LOTS totaling 4.9 private acres and surrounded by mature trees and natural Florida beauty, this property offers the kind of flexibility and upside that buyers, investors, renovators, and visionaries are constantly searching for. .. but rarely find. What makes this opportunity truly unique is that the property already has electric, water and septic in place, as well as impact fees paid-all a tremendous value and absolute cost benefit so you can hit the ground running, begin your improvements and bring your vision to fruition! A 2BD/2BA 60'x14' manufactured home currently sits on the property and provides immediate usability while a new owner upgrades, renovates, expands, replaces or reimagines the property entirely. Whether this will be your private homestead, weekend retreat, investment opportunity, rental property, future custom homesite, or simply a hard-to-find acreage position in one of Florida's most desirable Nature Coast communities, the possibilities here are endless. Properties with this level of privacy, infrastructure and creative upside are becoming increasingly difficult to find-especially at a price point where someone with vision has the potential to create immediate and substantial equity. So bring your ideas. Bring your vision. And by all means, BRING YOUR HORSES, CHICKENS & COWS. .. ALL ARE WELCOME! Opportunities like this do not come around often. NO FLOOD ZONE & NO DEED RESTRICTIONS are a plus! Amazingly located just 12 minutes to The Lake Rousseau Dam & Recreational Area with boat ramp access to BOTH Lake Rousseau and The Withlacoochee River, which connects to The Gulf. Downtown Crystal River is about 20 minutes away for shopping, waterfront restaurants and Three Sister Springs/Hunter Springs Park for boating, fishing, beautiful nature walks & the only place to SWIM W/ THE MANATEES!

Key facts

• Immediate usability
• Impact fees paid
• No flood zone

Tags

• 4 SEPARATE CONTIGUOUS LOTS
• 4.9 PRIVATE ACRES
• ELECTRIC WATER AND SEPTIC
• IMPACT FEES PAID
• IMMEDIATE USABILITY
• NO FLOOD ZONE

Property features AI

Finance

• Other: Total acreage between 2 and less than 5 acres (≈4.9 acres); Lot dimensions approximately 161 x 272; Living area about 840 square feet
• HOA & community: Association: Westwood Acres/Nancy Walen; Annual association fee $200 (covers private road), $16.67 monthly equivalent; Association fees required; Pets allowed

Exterior

• Parking: Off-street parking
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Single wide manufactured home (Pine Harbor model by Tidewell); Residential property; Fixer condition; One story; Faces south
• Construction: Metal siding and frame construction; Metal roof; Block foundation; Built as a manufactured home
• Exterior features: Covered front and rear porches; Rain gutters; Shed(s); Mature landscaping and wooded areas; Level, private, unpaved lot; Unimproved road with private maintained road responsibility

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Space heater; Wall/window air conditioning units
• Interior features: Ceiling fans
• Laundry & utility: Washer; Dryer; Laundry room inside the home; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $305 ($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 $196k (1.7% below list).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 5.1% in Inglis — 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 61/100 on livability (#796 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Citrus (rural): math 49% / reading 50% proficiency, ranked #44 of 73 in FL (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Crystal River Primary School (math 45% / reading 55%, grade D+, #1,070 of 2,144 statewide, top 51%, 654 students, 70% FRL); Crystal River High School (math 31% / reading 44%, grade F, #336 of 667 statewide, top 51%, 1,249 students, 56% FRL).
• Market conditions: 322 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• At $1,962/mo this rent would consume 46% of the median local household income ($51k/yr) (locally 264% 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 35 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $76k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $11k; list at $200k implies a 1730% 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; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,515 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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. 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.
6. 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.
7. 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: 0.98% ✗
• Cap rate: 8.13%
• Cash-on-cash: 6.55%
• DSCR: 1.29
• GRM: 8.5

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: -6.3%
• Equity multiple: 0.77×
• Total profit: $-12,975
• Equity at exit: $29,746

10-year hold

• IRR: 3.3%
• Equity multiple: 1.24×
• Total profit: $13,474
• Equity at exit: $17,249

Cash invested: $55,860 (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 34428

• Home prices YoY: -15.3%
• Active inventory: 322
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,962 medium
• Mortgage (P&I): −$1,046
• Tax from tax record: −$100 /mo · $1,197/yr
• Insurance: −$83
• HOA: −$16
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $305

Break-even live

Break-even rent $1,576

Max offer price $199,500

Occupancy floor 79%

Sensitivity live

Price	-10% $418	-5% $361	+0% $305	+5% $248	+10% $192
Rent	-10% $150	-5% $227	+0% $305	+5% $382	+10% $460
Rate	-1.0pp $405	-0.5pp $355	base $305	+0.5pp $253	+1.0pp $200

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: $49,875
• Closing costs: $5,985
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $16 · $192/yr
• Likely covers: waterelectric

Listing history 19 events

1. 2026-06-21
   days on market $199,500 Active 35 DOM
2. 2026-06-19
   days on market $199,500 Active 33 DOM
3. 2026-06-18
   days on market $199,500 Active 32 DOM
4. 2026-06-17
   days on market $199,500 Active 31 DOM
5. 2026-06-16
   days on market $199,500 Active 30 DOM
6. 2026-06-15
   days on market $199,500 Active 29 DOM
7. 2026-06-14
   pricedays on market $199,500 Active 27 DOM
8. 2026-06-13
   days on market $239,900 Active 26 DOM
9. 2026-06-09
   days on market $239,900 Active 23 DOM
10. 2026-06-08
    days on market $239,900 Active 22 DOM
11. 2026-06-07
    days on market $239,900 Active 21 DOM
12. 2026-06-03
    days on market $239,900 Active 17 DOM
13. 2026-06-02
    days on market $239,900 Active 16 DOM
14. 2026-06-01
    days on market $239,900 Active 15 DOM
15. 2026-05-31
    days on market $239,900 Active 14 DOM
16. 2026-05-30
    days on market $239,900 Active 13 DOM
17. 2026-05-17
    listed $275,000 Active 2003-char remark

    Show marketing remark (2003 chars)

    OPPORTUNITY! PRIVACY! POTENTIAL! Rarely does a property like this become available in the Crystal River area. Situated on 4 SEPARATE, CONTIGUOUS LOTS totaling 4.9 private acres and surrounded by mature trees and natural Florida beauty, this property offers the kind of flexibility and upside that buyers, investors, renovators, and visionaries are constantly searching for. .. but rarely find. What makes this opportunity truly unique is that the property already has electric, water and septic in place, as well as impact fees paid-all a tremendous value and absolute cost benefit so you can hit the ground running, begin your improvements and bring your vision to fruition! A 2BD/2BA 60'x14' manufactured home currently sits on the property and provides immediate usability while a new owner upgrades, renovates, expands, replaces or reimagines the property entirely. Whether this will be your private homestead, weekend retreat, investment opportunity, rental property, future custom homesite, or simply a hard-to-find acreage position in one of Florida's most desirable Nature Coast communities, the possibilities here are endless. Properties with this level of privacy, infrastructure and creative upside are becoming increasingly difficult to find-especially at a price point where someone with vision has the potential to create immediate and substantial equity. So bring your ideas. Bring your vision. And by all means, BRING YOUR HORSES, CHICKENS & COWS. .. ALL ARE WELCOME! Opportunities like this do not come around often. NO FLOOD ZONE & NO DEED RESTRICTIONS are a plus! Amazingly located just 12 minutes to The Lake Rousseau Dam & Recreational Area with boat ramp access to BOTH Lake Rousseau and The Withlacoochee River, which connects to The Gulf. Downtown Crystal River is about 20 minutes away for shopping, waterfront restaurants and Three Sister Springs/Hunter Springs Park for boating, fishing, beautiful nature walks & the only place to SWIM W/ THE MANATEES!

18. 2026-05-17
    listed $275,000 Active

    Show marketing remark (2003 chars)

    OPPORTUNITY! PRIVACY! POTENTIAL! Rarely does a property like this become available in the Crystal River area. Situated on 4 SEPARATE, CONTIGUOUS LOTS totaling 4.9 private acres and surrounded by mature trees and natural Florida beauty, this property offers the kind of flexibility and upside that buyers, investors, renovators, and visionaries are constantly searching for. .. but rarely find. What makes this opportunity truly unique is that the property already has electric, water and septic in place, as well as impact fees paid-all a tremendous value and absolute cost benefit so you can hit the ground running, begin your improvements and bring your vision to fruition! A 2BD/2BA 60'x14' manufactured home currently sits on the property and provides immediate usability while a new owner upgrades, renovates, expands, replaces or reimagines the property entirely. Whether this will be your private homestead, weekend retreat, investment opportunity, rental property, future custom homesite, or simply a hard-to-find acreage position in one of Florida's most desirable Nature Coast communities, the possibilities here are endless. Properties with this level of privacy, infrastructure and creative upside are becoming increasingly difficult to find-especially at a price point where someone with vision has the potential to create immediate and substantial equity. So bring your ideas. Bring your vision. And by all means, BRING YOUR HORSES, CHICKENS & COWS. .. ALL ARE WELCOME! Opportunities like this do not come around often. NO FLOOD ZONE & NO DEED RESTRICTIONS are a plus! Amazingly located just 12 minutes to The Lake Rousseau Dam & Recreational Area with boat ramp access to BOTH Lake Rousseau and The Withlacoochee River, which connects to The Gulf. Downtown Crystal River is about 20 minutes away for shopping, waterfront restaurants and Three Sister Springs/Hunter Springs Park for boating, fishing, beautiful nature walks & the only place to SWIM W/ THE MANATEES!

19. 1985-11-01
    soldstatus $10,900

ⓘ 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: $1,197 · $100/mo
• Projected year-2 tax: $1,656 · $138/mo
• Expected delta: +$459/yr (+$38/mo · 38.4%)

ⓘ 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 · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,540
• − Mortgage interest: −$11,175
• − Property taxes: −$1,197
• − Insurance: −$998
• − Repairs & maintenance: −$1,883
• − Management: −$1,883
• − HOA: −$192
• − Depreciation: −$5,804
• Taxable income: $409
• Est. tax owed @ 24.0%: −$98
• After-tax cash flow: $3,558/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 — Inglis

• Score: 61/100
• State rank: #796
• US rank: #18314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Citrus County · 111,314 people
• Metro: Homosassa Springs, FL
• Population (ZIP): 10,163
• Household income: $50,779
• Rent vs Own: 22.8% rent · 77.2% own
• Severe rent burden: 264.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 5% Asian 2%
• Common ancestry: Lithuanian 3% Romanian 3% Slovak 2%
• Foreign-born: 5% · Canada, Jamaica, South Korea
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -57.32%
• Current HPI: 317.7637
• 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

+2422.9% since first listed

3 events — show timeline

• 2026-05-17 Listed $275,000 RACC
• 2026-05-17 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 1985-11-01 Sold (Public Records) $10,900 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,197 · +11.8% YoY. Source: county tax records.