8310 N India Way · Citrus Springs, FL 34434

$239,900

3 bd · 2.0 ba · 1,368 sqft · SingleFamily · 69 Days on market

Built 2024 8,500 sqft lot ↓ 11% since listing

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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 +14.2/30.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.1/10.0

Listing remarks

Better than new home. Hardly lived in but has many upgrades including the tile flooring, new neutral paint. The kitchen is a dream kitchen with cabinet and counter space aplenty. Plenty of natural light coming through the thermal glass windows and beveled edge countertops. You will enjoy the spacious wood cabinets to use in the kitchen and all the stainless steel appliances. A wonderful covered lanai to enjoy the outdoors.

Key facts

• Tile flooring
• 8,500 sq ft lot
• 2 garage spots

Tags

• TILE FLOORING
• THERMAL GLASS WINDOWS
• BEVELED EDGE COUNTERTOPS
• SPACIOUS WOOD CABINETS
• STAINLESS STEEL APPLIANCES

Property features AI

Exterior

• Parking: Attached private garage; 2 garage spaces; Driveway; Concrete surfaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; One level entry
• Construction: Stucco construction; Asphalt shingle roof; Block and slab foundation; Built as new construction
• Exterior features: Cleared, level lot; County road frontage; New construction; Energy-efficient windows; No pool

Interior

• Kitchen: Dishwasher; Electric cooktop; Electric oven; Electric range; Microwave; Range; Refrigerator; Garbage disposal; Water heater
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric, heat pump); Central electric cooling
• Interior features: High ceilings; Vaulted ceilings; Laminate countertops; Open floor plan; Insulated windows

🏗️ New construction. The $239,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $232,560.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $40 ($477/yr) — positive.
• To cash-flow at today's rent, offer at most $240k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (23.2% below list).
• Recommended offer: $184k (23.2% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 5.1% in Citrus Springs — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 68/100 on livability (#521 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment 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.
• 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); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: 1247 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($69k/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 $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 69 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: 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 $184,352 (23.2% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 0.79% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.73%
• DSCR: 1.03
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $232,560
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
431 W Mac Pl	0.45mi	3/2.0	1,424 (+4%)	0mo	$240,000	$169	72
741 W Walkertown Dr	0.07mi	3/2.0	1,556 (+14%)	4mo	$249,900	$161	70
8949 N Cortlandt Dr	0.66mi	3/2.0	1,405 (+3%)	1mo	$239,400	$170	64
298 W Baker Pl	0.49mi	3/2.0	1,462 (+7%)	2mo	$255,000	$174	64
8836 N Sandree Dr	0.66mi	3/2.0	1,419 (+4%)	2mo	$259,900	$183	61
8782 N Sandee Dr	0.63mi	3/2.0	1,448 (+6%)	2mo	$255,000	$176	59
8665 N Zurich Way	0.47mi	3/2.0	1,529 (+12%)	1mo	$264,990	$173	58
8071 N Primrose Dr	0.61mi	3/2.0	1,529 (+12%)	1mo	$261,990	$171	51
8792 N Sandree Dr	0.64mi	3/2.0	1,521 (+11%)	1mo	$259,000	$170	51
142 W Diego Pl	0.64mi	3/2.0	1,529 (+12%)	2mo	$260,000	$170	49
611 W Duquet Pl	0.68mi	3/2.0	1,550 (+13%)	4mo	$244,990	$158	43
7991 N Primrose Dr	0.68mi	4/2.0 (+1)	1,548 (+13%)	2mo	$245,000	$158	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: -15.2%
• Equity multiple: 0.46×
• Total profit: $-35,240
• Equity at exit: $34,675

10-year hold

• IRR: -6.7%
• Equity multiple: 0.57×
• Total profit: $-27,786
• Equity at exit: $20,108

Cash invested: $65,117 (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 34434

• Home prices YoY: -2.9%
• Active inventory: 1247
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,844 high
• Mortgage (P&I): −$1,220
• Tax from tax record: −$100 /mo · $1,201/yr
• Insurance: −$97
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $40

Break-even live

Break-even rent $1,793

Max offer price $232,560

Occupancy floor 93%

Sensitivity live

Price	-10% $171	-5% $106	+0% $40	+5% $-26	+10% $-92
Rent	-10% $-106	-5% $-33	+0% $40	+5% $113	+10% $185
Rate	-1.0pp $157	-0.5pp $99	base $40	+0.5pp $-20	+1.0pp $-82

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: $58,140
• Closing costs: $6,977
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
696 W Hallam Dr Citrus Springs, FL	4.0	2.0	1797	$1,900	$1.06	23d	1	0.10mi
8398 N Jay Dr Dunnellon, FL	3.0	2.0	1541	$1,700	$1.10	23d	1	0.11mi
8190 N Wakefield Dr Dunnellon, FL	4.0	2.0	1772	$1,750	$0.99	23d	1	0.14mi
8180 N Wakefield Dr Dunnellon, FL	3.0	2.0	1502	$1,695	$1.13	23d	1	0.15mi
8450 N Travis Dr Citrus Springs, FL	4.0	2.0	1787	$1,900	$1.06	23d	1	0.17mi
904 W Rum Pl Dunnellon, FL	3.0	2.0	1453	$1,699	$1.17	23d	1	0.45mi
572 W Bluster Pl Dunnellon, FL	4.0	2.0	1630	$1,900	$1.17	23d	1	0.54mi
8030 N Galena Ave Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	23d	1	0.62mi
7908 N Galena Ave Citrus Springs, FL	4.0	2.5	1551	$1,850	$1.19	23d	1	0.70mi
9018 N Mendoza Way Citrus Springs, FL	2.0	2.0	1225	$1,499	$1.22	23d	1	0.73mi
9066 N Akola Way Citrus Springs, FL	3.0	2.0	1833	$2,150	$1.17	23d	1	0.76mi
9065 N Akola Way Citrus Springs, FL	3.0	2.0	1511	$1,795	$1.19	23d	1	0.78mi
754 W Deacon Pl Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	23d	1	0.80mi
8267 N Santos Dr Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	23d	1	0.82mi
7708 N Paris Dr Dunnellon, FL	3.0	2.0	1415	$1,800	$1.27	23d	1	0.93mi
9262 N Travis Dr Citrus Springs, FL	2.0	2.0	984	$1,395	$1.42	23d	1	1.00mi
9271 N Peachtree Way Unit 9271 Citrus Springs, FL	2.0	2.0	900	$1,300	$1.44	23d	1	1.06mi
9298 N Mendoza Way Citrus Springs, FL	3.0	2.0	1350	$1,800	$1.33	23d	1	1.06mi
9337 N Mendoza Way Citrus Springs, FL	2.0	2.0	984	$1,275	$1.30	23d	1	1.11mi
9437 N Travis Dr Citrus Springs, FL	2.0	2.0	972	$1,325	$1.36	23d	1	1.19mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	23d	1	1.27mi
1912 W Quaker Ln Citrus Springs, FL	4.0	2.0	1636	$1,895	$1.16	23d	1	1.30mi
9676 N Jourden Dr Citrus Springs, FL	3.0	2.0	1353	$1,750	$1.29	23d	1	1.39mi
9545 N Travis Dr Unit A Citrus Springs, FL	3.0	2.0	1000	$1,350	$1.35	23d	1	1.39mi
9543B N Travis Dr Unit A Citrus Springs, FL	3.0	2.0	1000	$1,350	$1.35	23d	1	1.40mi
788 W Glenhaven Dr Citrus Springs, FL	4.0	2.0	1621	$1,800	$1.11	23d	1	1.43mi

Listing history 14 events

1. 2026-06-13
   status $239,900 Pending 69 DOM
2. 2026-06-09
   days on market $239,900 Active 69 DOM
3. 2026-06-08
   days on market $239,900 Active 68 DOM
4. 2026-06-07
   days on market $239,900 Active 67 DOM
5. 2026-06-03
   days on market $239,900 Active 63 DOM
6. 2026-06-02
   days on market $239,900 Active 62 DOM
7. 2026-06-01
   days on market $239,900 Active 61 DOM
8. 2026-05-31
   days on market $239,900 Active 60 DOM
9. 2026-05-30
   days on market $239,900 Active 59 DOM
10. 2026-04-28
    status Active
11. 2026-04-27
    status Pending
12. 2026-03-30
    listed $239,900 Active
13. 2025-04-07
    price $260,000
14. 2025-03-03
    price $269,000

ⓘ 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: $1,201 · $100/mo
• Projected year-2 tax: $1,991 · $166/mo
• Expected delta: +$790/yr (+$66/mo · 65.7%)

ⓘ 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 3/10 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,122
• − Mortgage interest: −$13,027
• − Property taxes: −$1,201
• − Insurance: −$1,163
• − Repairs & maintenance: −$1,770
• − Management: −$1,770
• − Depreciation: −$6,765
• Taxable loss: −$3,574
• Est. tax savings @ 24.0%: +$858
• After-tax cash flow: $1,335/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 — Citrus Springs

• Score: 68/100
• State rank: #521
• US rank: #9598

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Citrus Springs, FL
• County: Citrus County · 111,314 people
• City population: 10,730
• Metro: Homosassa Springs, FL
• Population (ZIP): 11,074
• Household income: $68,939
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 171.0

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 (78%)
• Race & ethnicity: White 78% Two or more races 11% Hispanic / Latino 9% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Iranian 3% Romanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% 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: ▼ -9.70%
• Current HPI: 328.2164
• 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

-10.8% since first listed

5 events — show timeline

• 2026-04-28 Relisted — RACC
• 2026-04-27 Pending — RACC
• 2026-03-30 Listed $239,900 RACC
• 2025-04-07 Price Changed $260,000 RACC
• 2025-03-03 Price Changed $269,000 RACC

Property tax history

+152.1%/yr

Latest (2025): $1,201 · +1477.4% YoY. Source: county tax records.