11879 SW 137th Loop · Hernando, FL 34432

$179,900

2 bd · 1.0 ba · 943 sqft · SingleFamily public records · 347 Days on market

Built 1997 7,841 sqft lot $191/sqft · 15% below area Est $212k · 15% under $194/mo HOA · 12% of rent

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Why this score? — see what drove the D 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).

• ARV discount +14.4/15.0
• Cash flow +11.2/30.0
• 1% rule +3.8/10.0
• Schools +3.6/10.0
• Livability +3.6/5.0
• DSCR +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHARMING HOME LOCATED IN GOLF COURSE COMMUNITY! Located in the vibrant 55+ community of Spruce Creek Preserve. This home sits on a gorgeous corner lot! Some of this homes’ thoughtful details include walk in bedroom closets, laminate flooring, ceiling fans throughout and window blinds throughout. Kitchen is open to the dining area. The lanai has sliding windows, it opens to a huge 11’ x 35’ concrete patio perfect to enjoy grilling outdoors. The backyard has a chain link fence, perfect for a furry friend. . New asphalt roof shingles were installed in 2016., SELLER to provide a Home Warranty policy for all appliances only. Spruce Creek Preserve has many updated amenities. The community has a heated pool and whirlpool spa, tennis courts, pickle ball courts, bocce courts, shuffle board, craft rooms, billiards and library. This community has so many clubs and activities for a truly enjoyable Florida retirement lifestyle. Make an appointment to see this home today.

Key facts

• Laminate flooring
• Ceiling fans
• Window blinds

Tags

• CORNER LOT
• WALK IN BEDROOM CLOSETS
• LAMINATE FLOORING
• CEILING FANS
• WINDOW BLINDS
• OPEN KITCHEN

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $-195 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $145k (19.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (12.4% below list).
• Recommended offer: $145k (19.2% below list) — sets the bar for cash-flow.

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-.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Sunrise Elementary School (math 43% / reading 34%, grade F, #1,575 of 2,144 statewide, top 74%, 1,017 students, 73% FRL); Horizon Academy At Marion Oaks (math 37% / reading 36%, grade F, #405 of 571 statewide, top 72%, 1,067 students, 68% FRL); Dunnellon High School (math 30% / reading 32%, grade F, #429 of 667 statewide, top 65%, 1,350 students, 63% FRL).
• Market conditions: 556 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 347 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y ago; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $126k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $145,396 (19.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 347 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.88% ✗
• Cap rate: 5.83%
• Cash-on-cash: -1.67%
• DSCR: 0.93
• GRM: 9.5

CMA / ARV

• ARV (median comp): $212,244
• List price: $179,900
• Delta: -15.24%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11441 SW 139th St	0.29mi	2/1.0	943 (0%)	15mo	$186,000	$197	74
11721 SW 137th Loop	0.08mi	2/2.0	1,008 (+7%)	14mo	$212,500	$211	69

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: -24.1%
• Equity multiple: 0.18×
• Total profit: $-41,446
• Equity at exit: $26,824

10-year hold

• IRR: -19.0%
• Equity multiple: -0.02×
• Total profit: $-51,519
• Equity at exit: $15,554

Cash invested: $50,372 (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 34432

• Home prices YoY: -21.5%
• Active inventory: 556
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,577 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$103 /mo · $1,240/yr
• Insurance: −$75
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$194
• Vacancy / Maint / Mgmt: −$331
• Net cashflow: $-195

Break-even live

Break-even rent $1,824

Max offer price $145,396

Occupancy floor —

Sensitivity live

Price	-10% $-93	-5% $-144	+0% $-195	+5% $-246	+10% $-297
Rent	-10% $-320	-5% $-258	+0% $-195	+5% $-133	+10% $-71
Rate	-1.0pp $-105	-0.5pp $-150	base $-195	+0.5pp $-242	+1.0pp $-289

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $194 · $2,328/yr
• Likely covers: pool

Listing history 31 events

1. 2026-06-18
   days on market $179,900 Active 347 DOM
2. 2026-06-18
   price $179,900 Active 346 DOM
3. 2026-06-17
   days on market $185,000 Active 346 DOM
4. 2026-06-16
   days on market $185,000 Active 345 DOM
5. 2026-06-15
   days on market $185,000 Active 344 DOM
6. 2026-06-14
   days on market $185,000 Active 342 DOM
7. 2026-06-13
   days on market $185,000 Active 341 DOM
8. 2026-06-10
   days on market $185,000 Active 339 DOM
9. 2026-06-09
   days on market $185,000 Active 338 DOM
10. 2026-06-08
    days on market $185,000 Active 337 DOM
11. 2026-06-07
    days on market $185,000 Active 336 DOM
12. 2026-06-03
    days on market $185,000 Active 332 DOM
13. 2026-06-02
    days on market $185,000 Active 331 DOM
14. 2026-05-31
    days on market $185,000 Active 329 DOM
15. 2026-05-30
    days on market $185,000 Active 328 DOM
16. 2025-11-11
    price $185,000 992-char remark

    Show marketing remark (992 chars)

    CHARMING HOME LOCATED IN GOLF COURSE COMMUNITY! Located in the vibrant 55+ community of Spruce Creek Preserve. This home sits on a gorgeous corner lot! Some of this homes’ thoughtful details include walk in bedroom closets, laminate flooring, ceiling fans throughout and window blinds throughout. Kitchen is open to the dining area. The lanai has sliding windows, it opens to a huge 11’ x 35’ concrete patio perfect to enjoy grilling outdoors. The backyard has a chain link fence, perfect for a furry friend. . New asphalt roof shingles were installed in 2016., SELLER to provide a Home Warranty policy for all appliances only. Spruce Creek Preserve has many updated amenities. The community has a heated pool and whirlpool spa, tennis courts, pickle ball courts, bocce courts, shuffle board, craft rooms, billiards and library. This community has so many clubs and activities for a truly enjoyable Florida retirement lifestyle. Make an appointment to see this home today.

17. 2025-07-06
    listed $209,900 Active 992-char remark

    Show marketing remark (992 chars)

    CHARMING HOME LOCATED IN GOLF COURSE COMMUNITY! Located in the vibrant 55+ community of Spruce Creek Preserve. This home sits on a gorgeous corner lot! Some of this homes’ thoughtful details include walk in bedroom closets, laminate flooring, ceiling fans throughout and window blinds throughout. Kitchen is open to the dining area. The lanai has sliding windows, it opens to a huge 11’ x 35’ concrete patio perfect to enjoy grilling outdoors. The backyard has a chain link fence, perfect for a furry friend. . New asphalt roof shingles were installed in 2016., SELLER to provide a Home Warranty policy for all appliances only. Spruce Creek Preserve has many updated amenities. The community has a heated pool and whirlpool spa, tennis courts, pickle ball courts, bocce courts, shuffle board, craft rooms, billiards and library. This community has so many clubs and activities for a truly enjoyable Florida retirement lifestyle. Make an appointment to see this home today.

18. 2020-06-04
    soldstatus $126,000
19. 2017-03-08
    soldstatus $95,000
20. 2017-02-22
    soldstatus $95,000 443-char remark

    Show marketing remark (443 chars)

    THIS ADORABLE TWO BEDROOM, ONE BATH, ONE CAR GARAGE HOME IS JUST PERFECT FOR SNOWBIRDS. 11X12 LANAI WITH ACRYLIC WINDOWS IS A PERFECT TV ROOM, LOVELY NEUTRAL COLORS. THE 11X35 OPEN PATIO IS GREAT FOR RELAXING, OUTSIDE MEALS, FENCED LOT FOR PET. MOST OF THE FURNITURE CAN STAY. ADORABLE DOLL HOUSE THAT IS NEAT AS A PIN. NEW A/C AND HEAT PUMP IN 009. FRIENDLY NEIGHBORS IN A FRIENDLY AND CARING COMMUNITY. DON'T MISS THIS ONE, YOU WILL LOVE IT.

21. 2016-12-02
    listed $96,000 443-char remark

    Show marketing remark (443 chars)

    THIS ADORABLE TWO BEDROOM, ONE BATH, ONE CAR GARAGE HOME IS JUST PERFECT FOR SNOWBIRDS. 11X12 LANAI WITH ACRYLIC WINDOWS IS A PERFECT TV ROOM, LOVELY NEUTRAL COLORS. THE 11X35 OPEN PATIO IS GREAT FOR RELAXING, OUTSIDE MEALS, FENCED LOT FOR PET. MOST OF THE FURNITURE CAN STAY. ADORABLE DOLL HOUSE THAT IS NEAT AS A PIN. NEW A/C AND HEAT PUMP IN 009. FRIENDLY NEIGHBORS IN A FRIENDLY AND CARING COMMUNITY. DON'T MISS THIS ONE, YOU WILL LOVE IT.

22. 2009-02-27
    soldstatus $85,000
23. 2009-01-07
    historical
24. 2008-11-24
    listed $99,999
25. 2008-10-06
    historical
26. 2008-08-04
    listed $88,000
27. 2008-07-25
    soldstatus $94,000
28. 2008-07-22
    soldstatus $94,000
29. 2008-05-16
    listed $115,000
30. 2000-10-20
    soldstatus $69,857
31. 1998-07-06
    soldstatus $67,900

ⓘ 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: $1,240 · $103/mo
• Projected year-2 tax: $1,493 · $124/mo
• Expected delta: +$253/yr (+$21/mo · 20.4%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,920
• − Mortgage interest: −$10,077
• − Property taxes: −$1,240
• − Insurance: −$2,402
• − Repairs & maintenance: −$1,514
• − Management: −$1,514
• − HOA: −$2,328
• − Depreciation: −$5,233
• Taxable loss: −$5,387
• Est. tax savings @ 24.0%: +$1,293
• After-tax cash flow: $-1,051/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 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

• City population: 17,281
• Population (ZIP): 13,197

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 16% Two or more races 11% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7% Cuban 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 9% Other Indo-European 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.34%
• Current HPI: 209.595
• 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

+172.5% since first listed

16 events — show timeline

• 2025-11-11 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-06 Listed $209,900 Stellar MLS as Distributed by MLS Grid
• 2020-06-04 Sold (Public Records) $126,000 Public Records
• 2017-03-08 Sold (Public Records) $95,000 Public Records
• 2017-02-22 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2016-12-02 Listed $96,000 Stellar MLS as Distributed by MLS Grid
• 2009-02-27 Sold (Public Records) $85,000 Public Records
• 2009-01-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-11-24 Listed $99,999 Stellar MLS as Distributed by MLS Grid
• 2008-10-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-08-04 Listed $88,000 Stellar MLS as Distributed by MLS Grid
• 2008-07-25 Sold (Public Records) $94,000 Public Records
• 2008-07-22 Sold (MLS) $94,000 Stellar MLS as Distributed by MLS Grid
• 2008-05-16 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2000-10-20 Sold (Public Records) $69,857 Public Records
• 1998-07-06 Sold (Public Records) $67,900 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,240 · +23.2% YoY. Source: county tax records.