8767 N Quarry Dr · Citrus Springs, FL 34434

$239,900

3 bd · 2.0 ba · 1,400 sqft · Land · 212 Days on market

Built 2025 9,989 sqft lot ↓ 6% 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 +14.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.5/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.1/10.0

Listing remarks MLS

Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

Key facts

• Open floor plan
• Granite counter tops
• 9,989 sq ft lot

Tags

• OPEN FLOOR PLAN
• SHAKER STYLE CABINETS
• GRANITE COUNTER TOPS

Property features AI

Finance

• Other: Lot size approximately 0.23 acres (cleared); One well on property; R1 zoning; Living area reported as 1,400 (builder); Total building area reported as 1,839
• HOA & community: No association indicated

Exterior

• Parking: Covered parking; Driveway; Attached 2-car garage
• Utilities: Public water; Septic tank; Electricity connected
• Home design: Single-family residence; One story; Facing southeast; New construction; Property condition: Completed
• Construction: Concrete construction; Shingle roof; Slab foundation; Built by ALDANA (model: JOSIE)
• Exterior features: Patio; Sliding doors; Cleared lot; Paved road access; Publicly maintained road

Interior

• Kitchen: Dishwasher; Range; Range hood
• Bedrooms: 3 bedrooms
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closets
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $63 ($755/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 $185k (22.8% below list).
• Recommended offer: $185k (22.8% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.1% in Citrus Springs — 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 (#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: Citrus Springs Elementary School (math 52% / reading 48%, grade D+, #1,070 of 2,144 statewide, top 51%, 817 students, 71% 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 61% FRL track the district average.
• Market conditions: 1247 active listings in the ZIP; 23 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 212 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $13k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $185,163 (22.8% below list)

Questions for the listing agent

1. It's been on market 212 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: 0.77% ✗
• Cap rate: 6.61%
• Cash-on-cash: 1.12%
• DSCR: 1.05
• GRM: 10.8

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: -14.6%
• Equity multiple: 0.48×
• Total profit: $-34,999
• Equity at exit: $35,770

10-year hold

• IRR: -6.0%
• Equity multiple: 0.62×
• Total profit: $-25,850
• Equity at exit: $20,742

Cash invested: $67,172 (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: $1,852 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$42 /mo · $503/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $63

Break-even live

Break-even rent $1,772

Max offer price $239,900

Occupancy floor 92%

Sensitivity live

Price	-10% $199	-5% $131	+0% $63	+5% $-278	+10% $-361
Rent	-10% $-83	-5% $-10	+0% $63	+5% $136	+10% $209
Rate	-1.0pp $184	-0.5pp $124	base $63	+0.5pp $1	+1.0pp $-63

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
572 W Bluster Pl Dunnellon, FL	4.0	2.0	1630	$1,900	$1.17	22d	1	0.39mi
9065 N Akola Way Citrus Springs, FL	3.0	2.0	1511	$1,795	$1.19	22d	1	0.46mi
9066 N Akola Way Citrus Springs, FL	3.0	2.0	1833	$2,150	$1.17	22d	1	0.48mi
8450 N Travis Dr Citrus Springs, FL	4.0	2.0	1787	$1,900	$1.06	22d	1	0.60mi
754 W Deacon Pl Citrus Springs, FL	3.0	2.0	1453	$1,800	$1.24	22d	1	0.66mi
8398 N Jay Dr Dunnellon, FL	3.0	2.0	1541	$1,700	$1.10	22d	1	0.66mi
696 W Hallam Dr Citrus Springs, FL	4.0	2.0	1797	$1,900	$1.06	22d	1	0.68mi
904 W Rum Pl Dunnellon, FL	3.0	2.0	1453	$1,699	$1.17	22d	1	0.72mi
8190 N Wakefield Dr Dunnellon, FL	4.0	2.0	1772	$1,750	$0.99	22d	1	0.82mi
8180 N Wakefield Dr Dunnellon, FL	3.0	2.0	1502	$1,695	$1.13	22d	1	0.83mi
9018 N Mendoza Way Citrus Springs, FL	2.0	2.0	1225	$1,499	$1.22	22d	1	0.91mi
8755 N Nobleton Way Dunnellon, FL	4.0	2.0	1449	$1,815	$1.25	22d	1	1.01mi
9262 N Travis Dr Citrus Springs, FL	2.0	2.0	984	$1,395	$1.42	22d	1	1.06mi
9924 N Country Club Way Citrus Springs, FL	3.0	2.0	1473	$1,795	$1.22	22d	1	1.13mi
9298 N Mendoza Way Citrus Springs, FL	3.0	2.0	1350	$1,800	$1.33	22d	1	1.16mi
9271 N Peachtree Way Unit 9271 Citrus Springs, FL	2.0	2.0	900	$1,300	$1.44	22d	1	1.18mi
9337 N Mendoza Way Citrus Springs, FL	2.0	2.0	984	$1,275	$1.30	22d	1	1.18mi
9437 N Travis Dr Citrus Springs, FL	2.0	2.0	972	$1,325	$1.36	22d	1	1.21mi
9676 N Jourden Dr Citrus Springs, FL	3.0	2.0	1353	$1,750	$1.29	22d	1	1.28mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	22d	1	1.36mi
8030 N Galena Ave Citrus Springs, FL	4.0	2.0	1833	$2,150	$1.17	22d	1	1.39mi
9995 N Sandree Dr Citrus Springs, FL	3.0	2.0	1453	$1,895	$1.30	22d	1	1.47mi
7908 N Galena Ave Citrus Springs, FL	4.0	2.5	1551	$1,850	$1.19	22d	1	1.48mi

Listing history 21 events

1. 2026-06-08
   statusdays on market $239,900 Pending 212 DOM
2. 2026-06-03
   days on market $239,900 Active 211 DOM
3. 2026-06-02
   days on market $239,900 Active 210 DOM
4. 2026-06-01
   days on market $239,900 Active 209 DOM
5. 2026-05-31
   days on market $239,900 Active 208 DOM
6. 2026-05-30
   days on market $239,900 Active 207 DOM
7. 2026-05-21
   status Active 759-char remark

   Show marketing remark (759 chars)

   Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

8. 2026-05-21
   status Pending 759-char remark

   Show marketing remark (759 chars)

   Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

9. 2026-05-21
   price $239,900 759-char remark

   Show marketing remark (759 chars)

   Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

10. 2026-05-07
    price $239,900
11. 2026-04-23
    price $245,000 759-char remark

    Show marketing remark (759 chars)

    Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

12. 2026-04-23
    price $245,000

    Show marketing remark (759 chars)

    Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

13. 2026-03-05
    price $249,900 759-char remark

    Show marketing remark (759 chars)

    Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

14. 2026-03-05
    price $249,900

    Show marketing remark (759 chars)

    Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

15. 2026-01-21
    listed $253,000 Active 759-char remark

    Show marketing remark (759 chars)

    Home is complete!! This gorgeous brand-new home located in Citrus Springs is the ideal escape from the hustle and bustle of city life! With an open floor plan, pleasing neutral colors and vinyl plank flooring throughout, this 3-bedroom, 2-bathroom residence has all the charm and comfort any family could desire. Showcasing shaker style cabinets with granite counter tops in the kitchen, a washer/dryer hook up in the inside laundry for added convenience, plus a stainless-steel appliance package, this home is sure to impress. Enjoy your time in the neighborhood while nearby shopping, dining, medical centers and natural springs keep life exciting. Plus, its location near pristine rivers and springs allows for outdoor activities where adventure finds you!

16. 2026-01-05
    price $253,000
17. 2026-01-05
    price $253,000
18. 2025-12-01
    status Active
19. 2025-11-24
    price $253,900
20. 2025-11-20
    status Pending
21. 2025-10-24
    listed $254,000 Active

ⓘ 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: $503 · $42/mo
• Projected year-2 tax: $1,991 · $166/mo
• Expected delta: +$1,489/yr (+$124/mo · 296.2%)

ⓘ 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 · 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: $22,220
• − Mortgage interest: −$13,438
• − Property taxes: −$503
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,778
• − Management: −$1,778
• − Depreciation: −$6,979
• Taxable loss: −$3,455
• Est. tax savings @ 24.0%: +$829
• After-tax cash flow: $1,584/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

-5.6% since first listed

15 events — show timeline

• 2026-05-21 Relisted — RACC
• 2026-05-21 Pending — RACC
• 2026-05-21 Price Changed $239,900 RACC
• 2026-05-07 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $245,000 RACC
• 2026-04-23 Price Changed $245,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $249,900 RACC
• 2026-03-05 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-21 Listed $253,000 RACC
• 2026-01-05 Price Changed $253,000 RACC
• 2026-01-05 Price Changed $253,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-11-24 Price Changed $253,900 RACC
• 2025-11-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-24 Listed $254,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+22.7%/yr

Latest (2025): $503 · +41.9% YoY. Source: county tax records.