24265 Duffield Rd · Spring Lake, FL 34601

$125,000

2 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 83 Days on market

Built 1973 1.46 ac lot Est $224k · 44% 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 +27.3/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• 1% rule +6.5/10.0
• Schools +4.2/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits in Brooksville! This three-bedroom, two-bathroom mobile home offers 1,334 square feet of living space and sits on nearly 1.5 acres - giving you the space, privacy, and tranquil natural surroundings. Major updates have already been taken care of, including a 2024 roof and a 2021 AC, providing a solid foundation as you bring your own vision to life. Inside, the home features a functional, open floor plan with a comfortable flow between the living area and kitchen, along with a cozy breakfast nook. The primary bedroom includes a dual-sink vanity and a step-in shower, while the second bathroom also offers a glass-enclosed walk-in shower. The additional bedrooms are nicely sized and offer flexibility for guests, a home office, or hobbies. Step outside and enjoy the peaceful setting from your screened front porch - perfect for relaxing and taking in the surrounding nature. The expansive lot offers endless possibilities, whether you're dreaming of a garden, outdoor entertaining space, or simply enjoying the privacy and room to roam. A separate shed provides extra storage for tools or equipment. This property is ideal for those looking to add their own creative touches and updates while taking advantage of the land, space, and serene environment. If you've been searching for a private slice of Florida living with room to grow, this is it!

Key facts

• 1.46 acre lot
• Built 1973
• Listed 83 days

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Manufactured Home; Zoning: RMH; Total living area approximately 1,344 sq ft (building area 1,632 sq ft)
• Financial info: Homesteaded; Annual tax information available
• HOA & community: No association

Exterior

• Parking: Paved road access
• Utilities: Public water; Septic tank sewer; Electricity connected; Water connected
• Home design: Manufactured home (double wide); Single-story; North-facing entry
• Construction: Frame construction; Metal roof; Pillar/post/pier foundation; Built on a 1.46-acre lot
• Exterior features: Covered front porch; Screened porch; Exterior lighting

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: Open floor plan; Living room/dining room combo
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $125k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $118k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#819 in FL) — a working-class tenant base; expect higher turnover. Strengths: housing A+, crime A-; Watch: employment C-, health & safety C-, amenities F.
• Hernando (suburban): math 50% / reading 50% proficiency, ranked #38 of 73 in FL (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Eastside Elementary School (math 37% / reading 32%, grade F, #1,709 of 2,144 statewide, top 81%, 737 students, 73% FRL); Hernando High School (math 42% / reading 42%, grade F, #275 of 667 statewide, top 42%, 1,299 students, 58% FRL).
• Market conditions: Rents flat; 492 active listings in the ZIP; 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Hernando County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 18y ago; this cycle's ask has dropped $70k (36%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $53k; list at $125k implies a 136% 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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $117,500 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 1.15% ✓
• Cap rate: 9.78%
• Cash-on-cash: 12.45%
• DSCR: 1.55
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $224,448
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
24435 Powell Rd	0.38mi	3/2.0 (+1)	1,344 (0%)	2mo	$207,000	$154	76
24225 Duffield Rd	0.07mi	3/2.0 (+1)	1,440 (+7%)	8mo	$240,000	$167	74

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 · 0.19% rent growth · sell at horizon

5-year hold

• IRR: -0.9%
• Equity multiple: 0.97×
• Total profit: $-1,104
• Equity at exit: $18,638

10-year hold

• IRR: 5.8%
• Equity multiple: 1.38×
• Total profit: $13,369
• Equity at exit: $10,808

Cash invested: $35,000 (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 34601

• Home prices YoY: -29.7%
• Rents YoY: 0.2%
• Active inventory: 492
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,436 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$63 /mo · $761/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $363

Break-even live

Break-even rent $976

Max offer price $125,000

Occupancy floor 70%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-17
   status $125,000 Pending 83 DOM
2. 2026-06-17
   days on market $125,000 Active 83 DOM
3. 2026-06-16
   days on market $125,000 Active 82 DOM
4. 2026-06-15
   days on market $125,000 Active 81 DOM
5. 2026-06-13
   days on market $125,000 Active 79 DOM
6. 2026-06-13
   days on market $125,000 Active 78 DOM
7. 2026-06-09
   days on market $125,000 Active 75 DOM
8. 2026-06-08
   days on market $125,000 Active 74 DOM
9. 2026-06-07
   days on market $125,000 Active 73 DOM
10. 2026-06-04
    days on market $125,000 Active 70 DOM
11. 2026-06-03
    days on market $125,000 Active 69 DOM
12. 2026-06-02
    days on market $125,000 Active 68 DOM
13. 2026-06-01
    days on market $125,000 Active 67 DOM
14. 2026-05-31
    days on market $125,000 Active 66 DOM
15. 2026-05-20
    price $125,000
16. 2026-04-07
    price $150,000
17. 2026-03-26
    listed $195,000 Active

    Show marketing remark (1371 chars)

    Opportunity awaits in Brooksville! This three-bedroom, two-bathroom mobile home offers 1,334 square feet of living space and sits on nearly 1.5 acres - giving you the space, privacy, and tranquil natural surroundings. Major updates have already been taken care of, including a 2024 roof and a 2021 AC, providing a solid foundation as you bring your own vision to life. Inside, the home features a functional, open floor plan with a comfortable flow between the living area and kitchen, along with a cozy breakfast nook. The primary bedroom includes a dual-sink vanity and a step-in shower, while the second bathroom also offers a glass-enclosed walk-in shower. The additional bedrooms are nicely sized and offer flexibility for guests, a home office, or hobbies. Step outside and enjoy the peaceful setting from your screened front porch - perfect for relaxing and taking in the surrounding nature. The expansive lot offers endless possibilities, whether you're dreaming of a garden, outdoor entertaining space, or simply enjoying the privacy and room to roam. A separate shed provides extra storage for tools or equipment. This property is ideal for those looking to add their own creative touches and updates while taking advantage of the land, space, and serene environment. If you've been searching for a private slice of Florida living with room to grow, this is it!

18. 2026-03-26
    listed $195,000 Active 1371-char remark

    Show marketing remark (1371 chars)

    Opportunity awaits in Brooksville! This three-bedroom, two-bathroom mobile home offers 1,334 square feet of living space and sits on nearly 1.5 acres - giving you the space, privacy, and tranquil natural surroundings. Major updates have already been taken care of, including a 2024 roof and a 2021 AC, providing a solid foundation as you bring your own vision to life. Inside, the home features a functional, open floor plan with a comfortable flow between the living area and kitchen, along with a cozy breakfast nook. The primary bedroom includes a dual-sink vanity and a step-in shower, while the second bathroom also offers a glass-enclosed walk-in shower. The additional bedrooms are nicely sized and offer flexibility for guests, a home office, or hobbies. Step outside and enjoy the peaceful setting from your screened front porch - perfect for relaxing and taking in the surrounding nature. The expansive lot offers endless possibilities, whether you're dreaming of a garden, outdoor entertaining space, or simply enjoying the privacy and room to roam. A separate shed provides extra storage for tools or equipment. This property is ideal for those looking to add their own creative touches and updates while taking advantage of the land, space, and serene environment. If you've been searching for a private slice of Florida living with room to grow, this is it!

19. 2008-03-12
    soldstatus $53,000
20. 2008-03-07
    soldstatus $53,000 208-char remark

    Show marketing remark (208 chars)

    Priced to Sell, 3/2 mobile home on 1.42 acres with nice wooden deck above ground pool.July 2007 Appraisal for $77,000 on file. Vacant sold as is. Lockbox on front porch enclosed railing. Call for appointment.

21. 2008-03-07
    soldstatus $53,000

    Show marketing remark (208 chars)

    Priced to Sell, 3/2 mobile home on 1.42 acres with nice wooden deck above ground pool.July 2007 Appraisal for $77,000 on file. Vacant sold as is. Lockbox on front porch enclosed railing. Call for appointment.

22. 2008-01-04
    listed $60,000 208-char remark

    Show marketing remark (208 chars)

    Priced to Sell, 3/2 mobile home on 1.42 acres with nice wooden deck above ground pool.July 2007 Appraisal for $77,000 on file. Vacant sold as is. Lockbox on front porch enclosed railing. Call for appointment.

23. 2008-01-04
    listed $60,000

    Show marketing remark (208 chars)

    Priced to Sell, 3/2 mobile home on 1.42 acres with nice wooden deck above ground pool.July 2007 Appraisal for $77,000 on file. Vacant sold as is. Lockbox on front porch enclosed railing. Call for appointment.

ⓘ 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: $761 · $63/mo
• Projected year-2 tax: $1,038 · $86/mo
• Expected delta: +$277/yr (+$23/mo · 36.4%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,229
• − Mortgage interest: −$7,002
• − Property taxes: −$761
• − Insurance: −$625
• − Repairs & maintenance: −$1,378
• − Management: −$1,378
• − Depreciation: −$3,636
• Taxable income: $2,448
• Est. tax owed @ 24.0%: −$588
• After-tax cash flow: $3,771/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: Hernando
• NCES district ID: 1200810
• Math proficiency: 50% ▼ -8.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $41,985
• Composite: 42.03/100
• National rank: #3329
• State rank: #38 of 73 in FL

Livability — Spring Lake

• Score: 59/100
• State rank: #819
• US rank: #19649

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Hernando County · 169,677 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 24,115
• Household income: $60,440
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 664.0

Population outlook (Hernando County) Hauer SSP2

• Today (2025): 189,218 people
• By 2030: 194,367 · +2.7%
• By 2040: 203,398 · +7.5%
• By 2050: 209,589 · +10.8%
• By 2075: 218,452 · +15.4%
• By 2100: 205,923 · +8.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 11% Black 8% Two or more races 5%
• Hispanic origin (detail): Puerto Rican 4% Cuban 2% Dominican 1%
• Common ancestry: Slovak 4% Romanian 2% Iranian 2%
• Foreign-born: 4% · Canada, Jamaica
• Languages at home: 93% English-only · Spanish 6%

Political lean MEDSL · Hernando

• 2024 margin: Solid R (+37.0) · D 31.1% · R 68.2%
• 2008→2024 swing: -33.5pp toward R · 2008: -3.6pp · 2024: -37.0pp
• All cycles: 2024: R+37.0 2020: R+30.2 2016: R+29.0 2012: R+8.5 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -132.68%
• Current HPI: 313.4695
• Rent YoY: ▲ 0.19%
• Metro: Tampa-St. Petersburg-Clearwater, 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

+108.3% since first listed

9 events — show timeline

• 2026-05-20 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-07 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-26 Listed $195,000 HCAR
• 2026-03-26 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2008-03-12 Sold (Public Records) $53,000 Public Records
• 2008-03-07 Sold (MLS) $53,000 Stellar MLS as Distributed by MLS Grid
• 2008-03-07 Sold (MLS) $53,000 HCAR
• 2008-01-04 Listed $60,000 Stellar MLS as Distributed by MLS Grid
• 2008-01-04 Listed $60,000 HCAR

Property tax history

+5.5%/yr

Latest (2025): $761 · +0.5% YoY. Source: county tax records.