14345 Missouri Skylark Rd · North Weeki Wachee, FL 34614

$226,800

3 bd · 2.0 ba · 1,152 sqft · SingleFamily public records · 14 Days on market

Built 1984 1.13 ac lot

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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 +18.2/30.0
• ARV discount +7.5/15.0
• DSCR +5.7/10.0
• 1% rule +4.5/10.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-In Ready on 1.13 Acres - Priced Below Market Value! Welcome to this beautifully updated 3-bedroom, 2-bath home situated on 1.13 agricultural acres in a peaceful Brooksville location. Corner lot with circular driveway and directly borders the extensive Withlacoochee State Forest & walking trails, this property offers exceptional privacy. This move-in ready home features fresh interior and exterior paint, updated flooring, and no carpet throughout for easy maintenance. Enjoy the outdoors year-round from the screen-enclosed lanai, perfect for relaxing in your private setting. The fully fenced backyard includes both front and rear gate access, making it ideal for pets, recreational vehicles, or equipment. Additional highlights: * Security cameras & video doorbell included * Not located in a flood zone * Zoned agricultural - flexibility for a variety of uses * Priced under market value for a quick sale! Opportunities like this--acreage, privacy, and value--don't come around often. * Schedule your private showing today!

Key facts

• Fresh interior paint
• Corner lot
• Circular driveway

Tags

• 1.13 ACRES
• CORNER LOT
• CIRCULAR DRIVEWAY
• WALKING TRAILS
• EXCEPTIONAL PRIVACY
• FRESH INTERIOR PAINT

Property features AI

Finance

• Other: Property zoned AR2; Total lot size approximately 1.13 acres; Lot dimensions about 195 x 244; Partially furnished
• HOA & community: No HOA/association indicated

Exterior

• Parking: Paved driveway
• Security: Owned security system; Smoke detectors
• Utilities: Private well water; Private sewer; Broadband/high-speed internet available; Cable available; Electricity connected; Water connected; Sewer connected
• Home design: Single-family residence; One story; North-facing; Completed condition; Slab foundation
• Construction: Block, concrete and stucco construction; Shingle roof; Built on a slab foundation; Living area about 1,152 sq ft (public records)
• Exterior features: Covered, enclosed and screened rear porch; Patio/porch with rear porch; Barbed wire and wire fencing; Corner lot; Level and oversized lot; Pasture and private setting; Paved surfaces; Trees/landscaped and wooded vegetation

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Disposal; Solid surface counters
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Solid surface counters; Split-bedroom layout; Accessible entrance and enhanced accessibility features; Accessible full bathroom; Grip-accessible features; Security system (owned); Smoke detectors
• Laundry & utility: Inside laundry; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $227k.

Deal economics

• At list price, monthly cash flow is $203 ($2k/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 $215k (5.4% below list).
• Recommended offer: $215k (5.4% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 3.9% in North Weeki Wachee — 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 68/100 on livability (#534 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, amenities F, commute 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: Winding Waters K-8 (math 50% / reading 48%, grade D, #1,134 of 2,144 statewide, top 54%, 1,622 students, 56% FRL); Weeki Wachee High School (math 41% / reading 42%, grade F, #284 of 667 statewide, top 43%, 1,435 students, 52% FRL) — zoned schools at 54% FRL track the district average.
• Market conditions: 536 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 $2k of loan paydown is wiped out by about $7k 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 14y 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 $55k; list at $227k implies a 313% 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 $214,581 (5.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.95% ✗
• Cap rate: 7.37%
• Cash-on-cash: 3.84%
• DSCR: 1.17
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -10.3%
• Equity multiple: 0.62×
• Total profit: $-23,836
• Equity at exit: $33,817

10-year hold

• IRR: -1.0%
• Equity multiple: 0.93×
• Total profit: $-4,164
• Equity at exit: $19,610

Cash invested: $63,504 (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 34614

• Home prices YoY: -10.9%
• Active inventory: 536
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $2,146 medium
• Mortgage (P&I): −$1,189
• Tax from tax record: −$208 /mo · $2,500/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$451
• Net cashflow: $203

Break-even live

Break-even rent $1,889

Max offer price $226,800

Occupancy floor 86%

Sensitivity live

Price	-10% $331	-5% $267	+0% $203	+5% $139	+10% $75
Rent	-10% $33	-5% $118	+0% $203	+5% $288	+10% $373
Rate	-1.0pp $317	-0.5pp $261	base $203	+0.5pp $144	+1.0pp $84

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: $56,700
• Closing costs: $6,804
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-21
   days on market $226,800 Active 14 DOM
2. 2026-06-18
   days on market $226,800 Active 11 DOM
3. 2026-06-17
   statusdays on market $226,800 Active 10 DOM
4. 2026-05-15
   status Pending 1059-char remark

   Show marketing remark (1059 chars)

   Move-In Ready on 1.13 Acres - Priced Below Market Value! Welcome to this beautifully updated 3-bedroom, 2-bath home situated on 1.13 agricultural acres in a peaceful Brooksville location. Corner lot with circular driveway and directly borders the extensive Withlacoochee State Forest & walking trails, this property offers exceptional privacy. This move-in ready home features fresh interior and exterior paint, updated flooring, and no carpet throughout for easy maintenance. Enjoy the outdoors year-round from the screen-enclosed lanai, perfect for relaxing in your private setting. The fully fenced backyard includes both front and rear gate access, making it ideal for pets, recreational vehicles, or equipment. Additional highlights: * Security cameras & video doorbell included * Not located in a flood zone * Zoned agricultural - flexibility for a variety of uses * Priced under market value for a quick sale! Opportunities like this--acreage, privacy, and value--don't come around often. * Schedule your private showing today!

5. 2026-05-15
   status Pending

   Show marketing remark (1059 chars)

   Move-In Ready on 1.13 Acres - Priced Below Market Value! Welcome to this beautifully updated 3-bedroom, 2-bath home situated on 1.13 agricultural acres in a peaceful Brooksville location. Corner lot with circular driveway and directly borders the extensive Withlacoochee State Forest & walking trails, this property offers exceptional privacy. This move-in ready home features fresh interior and exterior paint, updated flooring, and no carpet throughout for easy maintenance. Enjoy the outdoors year-round from the screen-enclosed lanai, perfect for relaxing in your private setting. The fully fenced backyard includes both front and rear gate access, making it ideal for pets, recreational vehicles, or equipment. Additional highlights: * Security cameras & video doorbell included * Not located in a flood zone * Zoned agricultural - flexibility for a variety of uses * Priced under market value for a quick sale! Opportunities like this--acreage, privacy, and value--don't come around often. * Schedule your private showing today!

6. 2026-05-06
   listed $226,800 Active
7. 2026-05-05
   listed $226,800 Active 1059-char remark

   Show marketing remark (1059 chars)

   Move-In Ready on 1.13 Acres - Priced Below Market Value! Welcome to this beautifully updated 3-bedroom, 2-bath home situated on 1.13 agricultural acres in a peaceful Brooksville location. Corner lot with circular driveway and directly borders the extensive Withlacoochee State Forest & walking trails, this property offers exceptional privacy. This move-in ready home features fresh interior and exterior paint, updated flooring, and no carpet throughout for easy maintenance. Enjoy the outdoors year-round from the screen-enclosed lanai, perfect for relaxing in your private setting. The fully fenced backyard includes both front and rear gate access, making it ideal for pets, recreational vehicles, or equipment. Additional highlights: * Security cameras & video doorbell included * Not located in a flood zone * Zoned agricultural - flexibility for a variety of uses * Priced under market value for a quick sale! Opportunities like this--acreage, privacy, and value--don't come around often. * Schedule your private showing today!

8. 2012-06-12
   soldstatus $54,900
9. 2012-06-08
   soldstatus $54,900 219-char remark

   Show marketing remark (219 chars)

   Great Location. 3/2 on 1.13 acres. Fenced Backyard. Great Community that backs up to state forest land and has access to walking trails. Convenient to shopping and schools. Located Just off of US HWY 19 on a paved road.

10. 2012-06-08
    soldstatus $54,900

    Show marketing remark (219 chars)

    Great Location. 3/2 on 1.13 acres. Fenced Backyard. Great Community that backs up to state forest land and has access to walking trails. Convenient to shopping and schools. Located Just off of US HWY 19 on a paved road.

11. 2012-04-05
    listed $54,900 219-char remark

    Show marketing remark (219 chars)

    Great Location. 3/2 on 1.13 acres. Fenced Backyard. Great Community that backs up to state forest land and has access to walking trails. Convenient to shopping and schools. Located Just off of US HWY 19 on a paved road.

12. 2012-04-05
    listed $54,900

    Show marketing remark (219 chars)

    Great Location. 3/2 on 1.13 acres. Fenced Backyard. Great Community that backs up to state forest land and has access to walking trails. Convenient to shopping and schools. Located Just off of US HWY 19 on a paved road.

13. 1986-12-01
    soldstatus $41,000

ⓘ 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: $2,500 · $208/mo
• Projected year-2 tax: $2,500 · $208/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 10/10 Extreme 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 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: $25,750
• − Mortgage interest: −$12,704
• − Property taxes: −$2,500
• − Insurance: −$1,134
• − Repairs & maintenance: −$2,060
• − Management: −$2,060
• − Depreciation: −$6,598
• Taxable loss: −$1,306
• Est. tax savings @ 24.0%: +$314
• After-tax cash flow: $2,749/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 — North Weeki Wachee

• Score: 68/100
• State rank: #534
• US rank: #10019

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 18,280
• Population (ZIP): 9,561

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 (75%)
• Race & ethnicity: White 75% Two or more races 18% Hispanic / Latino 18% Black 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8%
• Common ancestry: Romanian 5% Italian 3% Slovak 3%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 10%

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: ▼ -38.28%
• Current HPI: 313.122
• 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

+453.2% since first listed

10 events — show timeline

• 2026-05-15 Pending — HCAR
• 2026-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Listed $226,800 Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Listed $226,800 HCAR
• 2012-06-12 Sold (Public Records) $54,900 Public Records
• 2012-06-08 Sold (MLS) $54,900 HCAR
• 2012-06-08 Sold (MLS) $54,900 St. Augustine and St. Johns County Board of REALTORS®
• 2012-04-05 Listed $54,900 HCAR
• 2012-04-05 Listed $54,900 St. Augustine and St. Johns County Board of REALTORS®
• 1986-12-01 Sold (Public Records) $41,000 Public Records

Property tax history

+8.2%/yr

Latest (2025): $2,500 · +4.8% YoY. Source: county tax records.