4556 E Shorewood Dr · Hernando, FL 34442

$210,000

2 bd · 1.0 ba · 1,472 sqft · Manufactured public records · 49 Days on market

Built 1972 0.35 ac lot Est $199k · 6% over

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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).

• Cash flow +15.8/30.0
• DSCR +4.9/10.0
• ARV discount +4.9/15.0
• Schools +4.1/10.0
• 1% rule +3.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

Key facts

• Generous lot
• Flex space
• 0.35 acre lot

Tags

• WATERFRONT OPPORTUNITY
• NEWLY REDONE BOAT DOCK
• DIRECT ACCESS FOR BOATING
• FLEX SPACE
• GENEROUS LOT

Property features AI

Exterior

• Parking: 3 total parking spaces; Detached 1-car garage; Detached carport; Paved driveway
• Utilities: Private well water; Septic tank
• Home design: Manufactured double-wide home; Faces northwest
• Construction: Wood siding; Asphalt shingle roof
• Exterior features: Lakefront with lake privileges and waterfront view; Dock; Outdoor lighting; Rain gutters; Shed(s); Cross-fenced and wood fencing; Landscaped, wooded, irregular lot

Interior

• Kitchen: Gas oven and gas range; Dishwasher; Microwave; Refrigerator
• Bedrooms: Total rooms: 8
• Flooring: Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric, heat pump); Central electric air conditioning
• Interior features: Eat-in kitchen; High ceilings; Vaulted ceilings; Laminate counters; High-speed internet; Blinds and window treatments; Furnished
• Laundry & utility: Washer; Dryer; Water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $210k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/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 $181k (13.6% below list).
• Recommended offer: $181k (13.6% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 5.6% in Hernando — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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-.
• 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: Central Ridge Elementary School (math 41% / reading 44%, grade F, #1,383 of 2,144 statewide, top 65%, 723 students, 64% FRL); Citrus Springs Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 821 students, 59% FRL); Citrus High School (math 34% / reading 51%, grade F, #264 of 667 statewide, top 41%, 1,503 students, 54% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: 444 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 38% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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 49 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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 $160k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,470 (13.6% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.86% ✗
• Cap rate: 6.84%
• Cash-on-cash: 1.94%
• DSCR: 1.09
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $198,720
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6589 N Sourgum Ter	0.24mi	3/2.0 (+1)	1,344 (-9%)	4mo	$186,000	$138	62
6565 N Megan Pt	0.58mi	3/2.0 (+1)	1,440 (-2%)	21mo	$125,000	$87	42
6570 N Tamarind Ave	0.32mi	3/2.0 (+1)	1,296 (-12%)	20mo	$175,000	$135	40

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: -13.2%
• Equity multiple: 0.52×
• Total profit: $-28,027
• Equity at exit: $31,312

10-year hold

• IRR: -4.3%
• Equity multiple: 0.71×
• Total profit: $-16,792
• Equity at exit: $18,157

Cash invested: $58,800 (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 34442

• Home prices YoY: -21.9%
• Active inventory: 444
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,815 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$150 /mo · $1,799/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $95

Break-even live

Break-even rent $1,695

Max offer price $210,000

Occupancy floor 90%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6128 N Bayfront Dr Hernando, FL	3.0	2.0	1771	$2,250	$1.27	21d	1	0.68mi

Listing history 28 events

1. 2026-06-19
   days on market $210,000 Active 49 DOM
2. 2026-06-18
   days on market $210,000 Active 48 DOM
3. 2026-06-17
   days on market $210,000 Active 47 DOM
4. 2026-06-16
   days on market $210,000 Active 46 DOM
5. 2026-06-15
   days on market $210,000 Active 45 DOM
6. 2026-06-14
   days on market $210,000 Active 43 DOM
7. 2026-06-13
   days on market $210,000 Active 42 DOM
8. 2026-06-09
   days on market $210,000 Active 39 DOM
9. 2026-06-08
   days on market $210,000 Active 38 DOM
10. 2026-06-07
    days on market $210,000 Active 37 DOM
11. 2026-06-03
    days on market $210,000 Active 33 DOM
12. 2026-06-02
    days on market $210,000 Active 32 DOM
13. 2026-06-01
    days on market $210,000 Active 31 DOM
14. 2026-05-31
    days on market $210,000 Active 30 DOM
15. 2026-05-30
    days on market $210,000 Active 29 DOM
16. 2026-05-01
    listed $220,000 Active
17. 2024-10-16
    soldstatus $160,000
18. 2024-10-15
    soldstatus $160,000 Closed 556-char remark

    Show marketing remark (556 chars)

    From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

19. 2024-10-15
    soldstatus $160,000 Closed 556-char remark

    Show marketing remark (556 chars)

    From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

20. 2024-10-01
    status Pending 556-char remark

    Show marketing remark (556 chars)

    From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

21. 2024-09-22
    status Pending 556-char remark

    Show marketing remark (556 chars)

    From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

22. 2024-09-09
    listed $169,900 Active 556-char remark

    Show marketing remark (556 chars)

    From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

23. 2024-08-26
    price $169,900 556-char remark

    Show marketing remark (556 chars)

    From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

24. 2024-07-19
    listed $189,900 Active 556-char remark

    Show marketing remark (556 chars)

    From the pictures, you’d never guess it’s a doublewide manufactured home with extensions at the front and back! The canal leads directly to the main Tsala Apopka chain of lakes, offering endless possibilities. Whether you’re a fisherman, air boater, or just love boating, this place is perfect for you. Always dreamed of having a boat in your yard? Now's your chance to make that dream come true. Plus, there’s a two-car detached garage to store all your toys. Schedule an appointment with your Realtor today before it’s gone!

25. 2023-11-22
    soldstatus $90,000
26. 1999-03-16
    soldstatus $49,500
27. 1980-02-01
    soldstatus $18,800
28. 1978-10-01
    soldstatus $11,600

ⓘ 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: $1,799 · $150/mo
• Projected year-2 tax: $1,799 · $150/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 23 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,776
• − Mortgage interest: −$11,763
• − Property taxes: −$1,799
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,742
• − Management: −$1,742
• − Depreciation: −$6,109
• Taxable loss: −$2,430
• Est. tax savings @ 24.0%: +$583
• After-tax cash flow: $1,722/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 — 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

• Census place: Hernando, FL
• County: Citrus County · 111,314 people
• City population: 17,281
• Metro: Homosassa Springs, FL
• Population (ZIP): 17,281
• Household income: $57,259
• Rent vs Own: 12.9% rent · 87.1% own
• Severe rent burden: 314.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 2%
• Common ancestry: Romanian 4% Slovak 4% Lithuanian 3%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 93% English-only · Spanish 3% German/W. Germanic 2% Tagalog/Filipino 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: ▼ -76.70%
• Current HPI: 273.3262
• 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

+1796.6% since first listed

13 events — show timeline

• 2026-05-01 Listed $220,000 RACC
• 2024-10-16 Sold (Public Records) $160,000 Public Records
• 2024-10-15 Sold (MLS) $160,000 Stellar MLS as Distributed by MLS Grid
• 2024-10-15 Sold (MLS) $160,000 RACC
• 2024-10-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-09-22 Pending — RACC
• 2024-09-09 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2024-08-26 Price Changed $169,900 RACC
• 2024-07-19 Listed $189,900 RACC
• 2023-11-22 Sold (Public Records) $90,000 Public Records
• 1999-03-16 Sold (Public Records) $49,500 Public Records
• 1980-02-01 Sold (Public Records) $18,800 Public Records
• 1978-10-01 Sold (Public Records) $11,600 Public Records

Property tax history

+8.0%/yr

Latest (2025): $1,799 · +7.3% YoY. Source: county tax records.