10382 W Killarney St · Crystal River, FL 34428

$229,000

3 bd · 2.0 ba · 2,276 sqft · Manufactured public records · 39 Days on market

Built 2007 1.15 ac lot Est $284k · 20% under

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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 +22.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• 1% rule +4.6/10.0
• Schools +4.1/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Seller offering $4,500 credit to use towards, rate buy down, upgrades, or closing costs!! With a full price offer seller willing to put on a new roof! This spacious 4-bedroom, 2-bath manufactured home offers privacy and room to roam, being situation on 1.15 acres. The home features an open-concept layout with a large living area with laminate flooring, a bright kitchen with abundant cabinetry and a center island, and a comfortable primary suite with dual sinks, a soaking tub, and separate shower. Want more room to spend time relaxing or entertaining? The huge formal living room can be transformed into a game room, office, or just about anything your heart desires. The expansive back yard offers all the room you need to store your boats, trailers, RVs, and outdoor equipment with ease and provides endless opportunities for entertaining—set up a fire pit, host gatherings, add a garden, or create the outdoor oasis you’ve always imagined. With plenty of open space and mature natural surroundings, this property is for anyone who values privacy, flexibility, and the freedom to enjoy the outdoors, yet within easy reach of town amenities. Enjoy peaceful mornings and evenings on the expansive covered back porch overlooking your wooded surroundings. Call today for your own personal tour.

Key facts

• Bright kitchen
• Large living area
• Primary suite

Tags

• OPEN-CONCEPT LAYOUT
• LARGE LIVING AREA
• BRIGHT KITCHEN
• ABUNDANT CABINETRY
• CENTER ISLAND
• PRIMARY SUITE

Property features AI

Finance

• Other: Lot approximately 1.15 acres (dimensions ~167 x 300); Asphalt/paved road access; Unfurnished

Exterior

• Parking: Carport (1 space)
• Utilities: Well water; Septic tank; Cable connected; Electricity connected; Broadband/high-speed internet available
• Home design: Manufactured double-wide home; One story; South-facing
• Construction: Vinyl siding; Shingle roof; Other foundation
• Exterior features: Private mailbox; Storage

Interior

• Kitchen: Range; Microwave; Refrigerator; Solid surface counters; Eat-in kitchen
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Eat-in kitchen; Solid surface counters; Thermostat; Walk-in closets; Wet bar; Window treatments; Fireplace
• Laundry & utility: Washer; Dryer; Laundry room inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $229k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/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 $220k (4.1% below list).
• Recommended offer: $220k (4.1% below list) — sets the bar for 1% rule.
• Cap rate 8.3% vs local median 2.1% in Crystal River — 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 66/100 on livability (#603 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+; Watch: health & safety C-, schools D+, 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: 320 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• At $2,197/mo this rent would consume 52% 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 $2k of loan paydown is wiped out by about $7k 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 39 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $10k; list at $229k implies a 2213% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $219,719 (4.1% below list)

Questions for the listing agent

1. It's been on market 39 days. Have you received any prior offers? Is the seller open to a 4% 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. 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?
4. 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.
5. 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.
6. 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: 0.96% ✗
• Cap rate: 8.30%
• Cash-on-cash: 7.17%
• DSCR: 1.32
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $284,500
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10308 W Limerick Ln	0.16mi	4/2.0 (+1)	2,356 (+4%)	2mo	$359,900	$153	80
7334 N Kildare Ter	0.13mi	4/3.0 (+1)	2,356 (+4%)	16mo	$240,000	$102	66
7650 N Brahma Ter	0.71mi	4/2.0 (+1)	2,320 (+2%)	24mo	$289,000	$125	39

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: -5.4%
• Equity multiple: 0.80×
• Total profit: $-12,805
• Equity at exit: $34,145

10-year hold

• IRR: 4.2%
• Equity multiple: 1.31×
• Total profit: $19,844
• Equity at exit: $19,800

Cash invested: $64,120 (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: 320
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,197 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$56 /mo · $674/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $383

Break-even live

Break-even rent $1,712

Max offer price $229,000

Occupancy floor 78%

Sensitivity live

Price	-10% $513	-5% $448	+0% $383	+5% $318	+10% $254
Rent	-10% $210	-5% $296	+0% $383	+5% $470	+10% $557
Rate	-1.0pp $499	-0.5pp $442	base $383	+0.5pp $324	+1.0pp $264

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $229,000 Active 39 DOM
2. 2026-06-18
   days on market $229,000 Active 38 DOM
3. 2026-06-17
   days on market $229,000 Active 37 DOM
4. 2026-06-16
   days on market $229,000 Active 36 DOM
5. 2026-06-15
   days on market $229,000 Active 35 DOM
6. 2026-06-14
   days on market $229,000 Active 33 DOM
7. 2026-06-13
   pricedays on market $229,000 Active 32 DOM
8. 2026-06-09
   days on market $235,000 Active 29 DOM
9. 2026-06-08
   days on market $235,000 Active 28 DOM
10. 2026-06-07
    days on market $235,000 Active 27 DOM
11. 2026-06-03
    days on market $235,000 Active 23 DOM
12. 2026-06-02
    days on market $235,000 Active 22 DOM
13. 2026-06-01
    days on market $235,000 Active 21 DOM
14. 2026-05-31
    days on market $235,000 Active 20 DOM
15. 2026-05-30
    days on market $235,000 Active 19 DOM
16. 2026-05-19
    price $234,500 1310-char remark

    Show marketing remark (1310 chars)

    Seller offering $4,500 credit to use towards, rate buy down, upgrades, or closing costs!! With a full price offer seller willing to put on a new roof! This spacious 4-bedroom, 2-bath manufactured home offers privacy and room to roam, being situation on 1.15 acres. The home features an open-concept layout with a large living area with laminate flooring, a bright kitchen with abundant cabinetry and a center island, and a comfortable primary suite with dual sinks, a soaking tub, and separate shower. Want more room to spend time relaxing or entertaining? The huge formal living room can be transformed into a game room, office, or just about anything your heart desires. The expansive back yard offers all the room you need to store your boats, trailers, RVs, and outdoor equipment with ease and provides endless opportunities for entertaining—set up a fire pit, host gatherings, add a garden, or create the outdoor oasis you’ve always imagined. With plenty of open space and mature natural surroundings, this property is for anyone who values privacy, flexibility, and the freedom to enjoy the outdoors, yet within easy reach of town amenities. Enjoy peaceful mornings and evenings on the expansive covered back porch overlooking your wooded surroundings. Call today for your own personal tour.

17. 2026-05-11
    listed $235,000 Active
18. 2026-05-09
    listed $235,000 Active 1310-char remark

    Show marketing remark (1310 chars)

    Seller offering $4,500 credit to use towards, rate buy down, upgrades, or closing costs!! With a full price offer seller willing to put on a new roof! This spacious 4-bedroom, 2-bath manufactured home offers privacy and room to roam, being situation on 1.15 acres. The home features an open-concept layout with a large living area with laminate flooring, a bright kitchen with abundant cabinetry and a center island, and a comfortable primary suite with dual sinks, a soaking tub, and separate shower. Want more room to spend time relaxing or entertaining? The huge formal living room can be transformed into a game room, office, or just about anything your heart desires. The expansive back yard offers all the room you need to store your boats, trailers, RVs, and outdoor equipment with ease and provides endless opportunities for entertaining—set up a fire pit, host gatherings, add a garden, or create the outdoor oasis you’ve always imagined. With plenty of open space and mature natural surroundings, this property is for anyone who values privacy, flexibility, and the freedom to enjoy the outdoors, yet within easy reach of town amenities. Enjoy peaceful mornings and evenings on the expansive covered back porch overlooking your wooded surroundings. Call today for your own personal tour.

19. 2019-02-25
    soldstatus $9,900
20. 2014-05-22
    soldstatus $48,500 560-char remark

    Show marketing remark (560 chars)

    Fabulous four bedroom home with a private setting! Enjoy the backyard that offers plenty of room for a pool, workshop or garden! Home shows ''light and bright'' with the abudant windows including sliding glass doors in the family room and also in the fomal dining room. Large kitchen with custom cabinetry, walk-in pantry and an island makes this the kitchen of your dreams! Gorgeous fireplace awaits you along with the amazing garden tub in master excellent for relaxation. Hurry! Dont miss this one! Not far from Suncoast Blvd, Crystal River and many parks!!

21. 2013-11-14
    listed $51,680 560-char remark

    Show marketing remark (560 chars)

    Fabulous four bedroom home with a private setting! Enjoy the backyard that offers plenty of room for a pool, workshop or garden! Home shows ''light and bright'' with the abudant windows including sliding glass doors in the family room and also in the fomal dining room. Large kitchen with custom cabinetry, walk-in pantry and an island makes this the kitchen of your dreams! Gorgeous fireplace awaits you along with the amazing garden tub in master excellent for relaxation. Hurry! Dont miss this one! Not far from Suncoast Blvd, Crystal River and many parks!!

22. 2007-04-03
    soldstatus $29,000
23. 2006-05-15
    listed $32,900

ⓘ 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: $674 · $56/mo
• Projected year-2 tax: $1,901 · $158/mo
• Expected delta: +$1,227/yr (+$102/mo · 181.9%)

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 23% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥109°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,366
• − Mortgage interest: −$12,828
• − Property taxes: −$674
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,109
• − Management: −$2,109
• − Depreciation: −$6,662
• Taxable income: $839
• Est. tax owed @ 24.0%: −$201
• After-tax cash flow: $4,398/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 — Crystal River

• Score: 66/100
• State rank: #603
• US rank: #11564

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Citrus County · 111,314 people
• City population: 10,163
• 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

+612.8% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $234,500 RACC
• 2026-05-11 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-09 Listed $235,000 RACC
• 2019-02-25 Sold (Public Records) $9,900 Public Records
• 2014-05-22 Sold (MLS) $48,500 RACC
• 2013-11-14 Listed $51,680 RACC
• 2007-04-03 Sold (MLS) $29,000 RACC
• 2006-05-15 Listed $32,900 RACC

Property tax history

-4.3%/yr

Latest (2025): $674 · +9.1% YoY. Source: county tax records.