8325 N Fairgrove Ter · Pine Ridge, FL 34433

$189,900

2 bd · 2.0 ba · 1,344 sqft · Manufactured · 106 Days on market

Built 2024 10,578 sqft lot Est $136k · 40% over $272/mo HOA · 15% of rent ↓ 21% since listing

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Why this score? — see what drove the F 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 +9.1/30.0
• 1% rule +4.5/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +1.8/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Almost new 2024 mobile home in Crystal Pointe. Only 5 miles from Rt 19 in Crystal River. Beautiful country area with low hoa fees. Large screened in porch attached to carport. Appliances and home only lived in for 5 months so almost new. Large master bedroom with walk in closet and two more bedrooms for guest or office. Large shower in primary bath with double sinks. FlexMount UV whole house Air Purifier in HVAC (NEW). Heated pool and clubhouse to connect with your neighbors, plenty to do. Shuffle board and monthly activities. New horse shoe's are going to be put in and a dog park will also be added shortly. Pet friendly community. Go to dinner on the water on the Rainbow or Withlacoochee River in Dunnellon or Crystal river has plenty of waterfront dining. Great place to live. Call for quick viewing.

Key facts

• Dog park
• Screened in porch
• Clubhouse

Tags

• SCREENED IN PORCH
• WHOLE HOUSE AIR PURIFIER
• HEATED POOL
• CLUBHOUSE
• DOG PARK
• PET FRIENDLY COMMUNITY

Property features AI

Finance

• Other: Private maintained asphalt road; Lot approximately 0.24 acres (0 to less than 1/4 acre)
• Financial info: Total monthly fees $272 (total annual fees $3,264); Lease restrictions apply
• HOA & community: HOA: Parklane Real Estate (monthly fee $272); HOA includes cable TV, common area taxes, pool, escrow reserves fund, internet, grounds maintenance, private road maintenance, sewer, trash, and water; Association approval required; Senior community; Pets allowed with number limits

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Septic tank; Cable available and connected; Electricity available and connected
• Home design: Manufactured double wide home; One level; Faces west
• Construction: Metal siding and vinyl siding; Shingle roof; Slab foundation; Built by Clayton
• Exterior features: Lighting; Private mailbox; Rain gutters; Sliding doors; Storage

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 2 bedrooms
• Flooring: Vinyl flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan with kitchen/family room combo and living/dining room combo; Split bedroom floorplan; Thermostat; Walk-in closet(s); Window treatments
• Laundry & utility: Washer; Dryer; Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $-145 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $164k (13.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (4.9% below list).
• Recommended offer: $164k (13.5% below list) — sets the bar for cash-flow.
• Cap rate 5.4% vs local median 3.4% in Pine Ridge — 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 67/100 on livability (#565 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: health & safety C-, schools F, amenities 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.
• Market conditions: 642 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 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 $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 106 days — a 9% lower offer ($173k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $20k (10%) 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,240 (13.5% 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 106 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 0.95% ✗
• Cap rate: 5.38%
• Cash-on-cash: -3.28%
• DSCR: 0.85
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $135,744
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8445 N Cedar Elm Way	0.12mi	2/2.0	1,344 (0%)	11mo	$125,000	$93	85
8645 N Ural Pt	0.48mi	3/2.0 (+1)	1,344 (0%)	2mo	$238,500	$177	71
8033 N Mary Ter	0.28mi	3/2.0 (+1)	1,432 (+6%)	4mo	$145,000	$101	67
7815 W Summertree Dr	0.10mi	2/2.0	1,150 (-14%)	5mo	$155,000	$135	67
8385 N Shady Fork Way	0.08mi	3/2.0 (+1)	1,512 (+12%)	8mo	$151,000	$100	64

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: -21.6%
• Equity multiple: 0.25×
• Total profit: $-39,837
• Equity at exit: $28,315

10-year hold

• IRR: -15.1%
• Equity multiple: 0.14×
• Total profit: $-45,843
• Equity at exit: $16,419

Cash invested: $53,172 (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 34433

• Home prices YoY: -1.8%
• Active inventory: 642
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,806 medium
• Mortgage (P&I): −$996
• Tax from tax record: −$225 /mo · $2,700/yr
• Insurance: −$79
• HOA: −$272
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $-145

Break-even live

Break-even rent $1,990

Max offer price $164,240

Occupancy floor —

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $272 · $3,264/yr
• Likely covers: waterpool

Listing history 40 events

1. 2026-06-19
   days on market $189,900 Active 106 DOM
2. 2026-06-18
   days on market $189,900 Active 105 DOM
3. 2026-06-17
   days on market $189,900 Active 104 DOM
4. 2026-06-16
   days on market $189,900 Active 103 DOM
5. 2026-06-15
   days on market $189,900 Active 102 DOM
6. 2026-06-14
   days on market $189,900 Active 100 DOM
7. 2026-06-13
   days on market $189,900 Active 99 DOM
8. 2026-06-09
   days on market $189,900 Active 96 DOM
9. 2026-06-08
   days on market $189,900 Active 95 DOM
10. 2026-06-03
    days on market $189,900 Active 90 DOM
11. 2026-06-02
    days on market $189,900 Active 89 DOM
12. 2026-06-01
    days on market $189,900 Active 88 DOM
13. 2026-05-31
    days on market $189,900 Active 87 DOM
14. 2026-05-30
    days on market $189,900 Active 86 DOM
15. 2026-05-21
    price $189,900
16. 2026-05-19
    price $192,900
17. 2026-04-25
    price $198,900
18. 2026-03-22
    price $199,900 811-char remark

    Show marketing remark (811 chars)

    Almost new 2024 mobile home in Crystal Pointe. Only 5 miles from Rt 19 in Crystal River. Beautiful country area with low hoa fees. Large screened in porch attached to carport. Appliances and home only lived in for 5 months so almost new. Large master bedroom with walk in closet and two more bedrooms for guest or office. Large shower in primary bath with double sinks. FlexMount UV whole house Air Purifier in HVAC (NEW). Heated pool and clubhouse to connect with your neighbors, plenty to do. Shuffle board and monthly activities. New horse shoe's are going to be put in and a dog park will also be added shortly. Pet friendly community. Go to dinner on the water on the Rainbow or Withlacoochee River in Dunnellon or Crystal river has plenty of waterfront dining. Great place to live. Call for quick viewing.

19. 2026-03-22
    price $199,900

    Show marketing remark (811 chars)

    Almost new 2024 mobile home in Crystal Pointe. Only 5 miles from Rt 19 in Crystal River. Beautiful country area with low hoa fees. Large screened in porch attached to carport. Appliances and home only lived in for 5 months so almost new. Large master bedroom with walk in closet and two more bedrooms for guest or office. Large shower in primary bath with double sinks. FlexMount UV whole house Air Purifier in HVAC (NEW). Heated pool and clubhouse to connect with your neighbors, plenty to do. Shuffle board and monthly activities. New horse shoe's are going to be put in and a dog park will also be added shortly. Pet friendly community. Go to dinner on the water on the Rainbow or Withlacoochee River in Dunnellon or Crystal river has plenty of waterfront dining. Great place to live. Call for quick viewing.

20. 2026-03-05
    listed $210,000 Active
21. 2026-03-03
    listed $210,000 Active 811-char remark

    Show marketing remark (811 chars)

    Almost new 2024 mobile home in Crystal Pointe. Only 5 miles from Rt 19 in Crystal River. Beautiful country area with low hoa fees. Large screened in porch attached to carport. Appliances and home only lived in for 5 months so almost new. Large master bedroom with walk in closet and two more bedrooms for guest or office. Large shower in primary bath with double sinks. FlexMount UV whole house Air Purifier in HVAC (NEW). Heated pool and clubhouse to connect with your neighbors, plenty to do. Shuffle board and monthly activities. New horse shoe's are going to be put in and a dog park will also be added shortly. Pet friendly community. Go to dinner on the water on the Rainbow or Withlacoochee River in Dunnellon or Crystal river has plenty of waterfront dining. Great place to live. Call for quick viewing.

22. 2025-09-24
    soldstatus $190,000
23. 2025-09-23
    soldstatus $199,900 Closed 991-char remark

    Show marketing remark (991 chars)

    Motivated Seller! Open to Offers! Brand new! Large 3 bedroom, 2 bath home, in sought after Dunnellon Community for ages 55+. Not in Flood Zone! Yes, in this community you own your lot. Located between Crystal River and Dunnellon. Great open floor plan features large family room with accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets and stain-less steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms. Screened Porch, Carport and shed. This energy smart home has Aron gas low E windows, prewired for solar panels, LED lighting, Hybrid heat pump and water heater, Thermoply structural sheathing. Next Gen insulation, Carrier comfort heat pump and smart thermostat. Community Center has heated pool, club house and shuffleboard. You also have the option to choose a lot and choose a home that will fit your individual needs. Call to schedule appointment today!

24. 2025-09-23
    soldstatus $190,000 Closed

    Show marketing remark (991 chars)

    Motivated Seller! Open to Offers! Brand new! Large 3 bedroom, 2 bath home, in sought after Dunnellon Community for ages 55+. Not in Flood Zone! Yes, in this community you own your lot. Located between Crystal River and Dunnellon. Great open floor plan features large family room with accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets and stain-less steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms. Screened Porch, Carport and shed. This energy smart home has Aron gas low E windows, prewired for solar panels, LED lighting, Hybrid heat pump and water heater, Thermoply structural sheathing. Next Gen insulation, Carrier comfort heat pump and smart thermostat. Community Center has heated pool, club house and shuffleboard. You also have the option to choose a lot and choose a home that will fit your individual needs. Call to schedule appointment today!

25. 2025-08-15
    status Pending

    Show marketing remark (991 chars)

    Motivated Seller! Open to Offers! Brand new! Large 3 bedroom, 2 bath home, in sought after Dunnellon Community for ages 55+. Not in Flood Zone! Yes, in this community you own your lot. Located between Crystal River and Dunnellon. Great open floor plan features large family room with accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets and stain-less steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms. Screened Porch, Carport and shed. This energy smart home has Aron gas low E windows, prewired for solar panels, LED lighting, Hybrid heat pump and water heater, Thermoply structural sheathing. Next Gen insulation, Carrier comfort heat pump and smart thermostat. Community Center has heated pool, club house and shuffleboard. You also have the option to choose a lot and choose a home that will fit your individual needs. Call to schedule appointment today!

26. 2025-08-15
    status Pending 991-char remark

    Show marketing remark (991 chars)

    Motivated Seller! Open to Offers! Brand new! Large 3 bedroom, 2 bath home, in sought after Dunnellon Community for ages 55+. Not in Flood Zone! Yes, in this community you own your lot. Located between Crystal River and Dunnellon. Great open floor plan features large family room with accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets and stain-less steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms. Screened Porch, Carport and shed. This energy smart home has Aron gas low E windows, prewired for solar panels, LED lighting, Hybrid heat pump and water heater, Thermoply structural sheathing. Next Gen insulation, Carrier comfort heat pump and smart thermostat. Community Center has heated pool, club house and shuffleboard. You also have the option to choose a lot and choose a home that will fit your individual needs. Call to schedule appointment today!

27. 2025-07-03
    listed $199,900 Active 991-char remark

    Show marketing remark (991 chars)

    Motivated Seller! Open to Offers! Brand new! Large 3 bedroom, 2 bath home, in sought after Dunnellon Community for ages 55+. Not in Flood Zone! Yes, in this community you own your lot. Located between Crystal River and Dunnellon. Great open floor plan features large family room with accent wall, kitchen has large breakfast bar with sitting, coffee bar, lots of cabinets and stain-less steel appliances. Separate Dining. Oversized master suite offers walk-in closet, double vanity and large shower. Large separate secondary bedrooms. Screened Porch, Carport and shed. This energy smart home has Aron gas low E windows, prewired for solar panels, LED lighting, Hybrid heat pump and water heater, Thermoply structural sheathing. Next Gen insulation, Carrier comfort heat pump and smart thermostat. Community Center has heated pool, club house and shuffleboard. You also have the option to choose a lot and choose a home that will fit your individual needs. Call to schedule appointment today!

28. 2025-03-20
    listed $199,900 Active
29. 2025-03-19
    historical
30. 2025-01-06
    listed $199,900 Active
31. 2024-11-18
    price $199,900
32. 2024-07-19
    price $209,900
33. 2024-05-30
    price $219,900
34. 2024-05-03
    price $229,900
35. 2024-04-09
    price $234,400
36. 2024-03-29
    price $234,500
37. 2024-03-23
    price $234,600
38. 2024-03-20
    price $239,600
39. 2024-03-11
    price $239,700
40. 2024-02-28
    price $239,800

ⓘ 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: $2,700 · $225/mo
• Projected year-2 tax: $2,700 · $225/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 ≥109°F today · 25 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: $21,671
• − Mortgage interest: −$10,637
• − Property taxes: −$2,700
• − Insurance: −$950
• − Repairs & maintenance: −$1,734
• − Management: −$1,734
• − HOA: −$3,264
• − Depreciation: −$5,524
• Taxable loss: −$4,871
• Est. tax savings @ 24.0%: +$1,169
• After-tax cash flow: $-574/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 — Pine Ridge

• Score: 67/100
• State rank: #565
• US rank: #10798

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 18,514
• Population (ZIP): 8,218

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 13% Two or more races 13%
• Hispanic origin (detail): Puerto Rican 6% Cuban 1%
• Common ancestry: Italian 2% Romanian 2% Lithuanian 1%
• Foreign-born: 9% · Canada
• Languages at home: 90% English-only · Spanish 9% Other Indo-European 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: ▼ -6.35%
• Current HPI: 340.9844
• 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

-20.8% since first listed

26 events — show timeline

• 2026-05-21 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Price Changed $192,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-25 Price Changed $198,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-22 Price Changed $199,900 HCAR
• 2026-03-22 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Listed $210,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Listed $210,000 HCAR
• 2025-09-24 Sold (Public Records) $190,000 Public Records
• 2025-09-23 Sold (MLS) $190,000 RACC
• 2025-09-23 Sold (MLS) $199,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-15 Pending — RACC
• 2025-08-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-03 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-20 Listed $199,900 RACC
• 2025-03-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-06 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2024-11-18 Price Changed $199,900 RACC
• 2024-07-19 Price Changed $209,900 RACC
• 2024-05-30 Price Changed $219,900 RACC
• 2024-05-03 Price Changed $229,900 RACC
• 2024-04-09 Price Changed $234,400 RACC
• 2024-03-29 Price Changed $234,500 RACC
• 2024-03-23 Price Changed $234,600 RACC
• 2024-03-20 Price Changed $239,600 RACC
• 2024-03-11 Price Changed $239,700 RACC
• 2024-02-28 Price Changed $239,800 RACC

Property tax history

+44.0%/yr

Latest (2025): $2,700 · +1862.8% YoY. Source: county tax records.