374 N Turkey Pine Loop · Lecanto, FL 34461

$319,900

4 bd · 3.0 ba · 2,102 sqft · SingleFamily public records · 7 Days on market

Built 1994 10,380 sqft lot Est $336k · at est.

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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 +14.5/30.0
• ARV discount +9.7/15.0
• DSCR +4.4/10.0
• Schools +4.1/10.0
• Livability +3.2/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INGROUND HEATED POOL, 4 BEDROOMS, 3 BATHS, 3 CAR GARAGE AND LARGE MASTER SUITE, ARE JUST A FEW OF THE AMENDITIES THAT GO WITH THIS WONDERFUL HOME. 3 WALKIN CLOSETS, LOTS OF STORAGE AND INSIDE LAUNDRY. CALL ME FOR MORE DETAILS.

Key facts

• Mother in law suite
• Community pool
• Screened lanai

Tags

• SCREENED LANAI
• GARDEN TUB
• WALK IN CLOSET
• MOTHER IN LAW SUITE
• RV BOAT STORAGE
• COMMUNITY POOL

Property features AI

Finance

• HOA & community: Community pool; Clubhouse

Exterior

• Parking: Attached garage; 3 garage spaces (total 3 parking spaces); Concrete driveway
• Utilities: Public water; Public sewer; Underground utilities
• Home design: Single-family residence; One level; Faces south; Stucco exterior
• Construction: Built on block and slab foundation; Asphalt shingle roof
• Exterior features: Rain gutters; Sliding doors; In-ground pool with screen enclosure; Rectangular, paved lot

Interior

• Kitchen: Dishwasher; Microwave; Oven; Range; Refrigerator; Laminate counters
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 3 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Breakfast bar; Eat-in kitchen; High ceilings; Vaulted ceilings; Walk-in closet(s); Master bedroom on the main floor; Blinds and window coverings

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $70 ($846/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 $257k (19.6% below list).
• Recommended offer: $257k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.2% in Lecanto — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 64/100 on livability (#680 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, crime B; 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: Rock Crusher Elementary School (math 70% / reading 56%, grade B, #582 of 2,144 statewide, top 28%, 665 students, 68% FRL); Crystal River Middle School (math 49% / reading 47%, grade C-, #286 of 571 statewide, top 50%, 900 students, 64% FRL); Crystal River High School (math 31% / reading 44%, grade F, #336 of 667 statewide, top 51%, 1,249 students, 56% FRL).
• Market conditions: 199 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• At $2,573/mo this rent would consume 49% of the median local household income ($63k/yr) (locally 41% 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 $10k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 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 $149k; list at $320k implies a 115% 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; moderate 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 $257,328 (19.6% 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 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?
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: 0.80% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.94%
• DSCR: 1.04
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $336,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
199 N Crystal Meadow Path	0.34mi	4/3.0	2,039 (-3%)	2mo	$405,000	$199	78
470 N Bluejack Pt	0.08mi	3/2.5 (-1)	2,380 (+13%)	0mo	$275,000	$116	67
258 N Mesquite Pt	0.22mi	3/2.0 (-1)	2,179 (+4%)	12mo	$339,900	$156	65
5613 W Crossmoor Pl	0.58mi	4/3.0	2,077 (-1%)	10mo	$335,000	$161	63
158 N Skyflower Pt	0.46mi	4/2.0	2,046 (-3%)	10mo	$335,000	$164	61
1105 N Commerce Ter	0.64mi	5/2.5 (+1)	2,156 (+3%)	1mo	$250,000	$116	58
176 N Crystal Meadow Path	0.38mi	3/3.0 (-1)	1,905 (-9%)	8mo	$415,000	$218	55
489 N Turkey Pine Loop	0.14mi	3/2.0 (-1)	1,839 (-12%)	11mo	$295,000	$160	54
5617 W Hunters Ridge Cir	0.64mi	3/2.0 (-1)	2,025 (-4%)	2mo	$287,500	$142	54
5434 W Dayflower Path	0.53mi	3/2.0 (-1)	2,066 (-2%)	12mo	$330,000	$160	54
5420 W Heather Ridge Path	0.42mi	3/2.0 (-1)	2,316 (+10%)	2mo	$270,000	$117	52
65 N Leafland Pt	0.56mi	3/2.0 (-1)	2,317 (+10%)	2mo	$300,000	$129	46

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: -14.8%
• Equity multiple: 0.47×
• Total profit: $-47,462
• Equity at exit: $47,698

10-year hold

• IRR: -6.3%
• Equity multiple: 0.60×
• Total profit: $-36,010
• Equity at exit: $27,659

Cash invested: $89,572 (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 34461

• Home prices YoY: -10.2%
• Active inventory: 199
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,573 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$152 /mo · $1,818/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$540
• Net cashflow: $70

Break-even live

Break-even rent $2,484

Max offer price $319,900

Occupancy floor 92%

Sensitivity live

Price	-10% $252	-5% $161	+0% $70	+5% $-20	+10% $-111
Rent	-10% $-133	-5% $-31	+0% $70	+5% $172	+10% $274
Rate	-1.0pp $232	-0.5pp $152	base $70	+0.5pp $-12	+1.0pp $-97

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: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1165 N Commerce Ter Lecanto, FL	3.0	2.5	1697	$1,800	$1.06	23d	1	0.67mi
6384 W Flanders Ln Crystal River, FL	3.0	2.0	1800	$2,250	$1.25	23d	1	1.36mi

Listing history 9 events

1. 2026-05-22
   status Pending
2. 2026-05-14
   listed $319,900 Active
3. 2013-04-24
   soldstatus $149,000
4. 2013-04-18
   soldstatus $149,500 226-char remark

   Show marketing remark (226 chars)

   INGROUND HEATED POOL, 4 BEDROOMS, 3 BATHS, 3 CAR GARAGE AND LARGE MASTER SUITE, ARE JUST A FEW OF THE AMENDITIES THAT GO WITH THIS WONDERFUL HOME. 3 WALKIN CLOSETS, LOTS OF STORAGE AND INSIDE LAUNDRY. CALL ME FOR MORE DETAILS.

5. 2013-02-14
   listed $165,000 226-char remark

   Show marketing remark (226 chars)

   INGROUND HEATED POOL, 4 BEDROOMS, 3 BATHS, 3 CAR GARAGE AND LARGE MASTER SUITE, ARE JUST A FEW OF THE AMENDITIES THAT GO WITH THIS WONDERFUL HOME. 3 WALKIN CLOSETS, LOTS OF STORAGE AND INSIDE LAUNDRY. CALL ME FOR MORE DETAILS.

6. 2006-06-05
   soldstatus $245,000
7. 2006-06-01
   soldstatus $245,000 340-char remark

   Show marketing remark (340 chars)

   THIS HOME IS HUGE! 4 BEDROOMS, 3 BATHS, 3 CAR GARAGE W/ POOL! SEPARATE LIVING AND FAMILY ROOMS, POOL BATH, LANAI, FENCED DOGGIE RUN ARE SOME OF THE AMENITIES. OUTSIDE YOU LL FIND GARDEN CURBING AND GUTTERS. NO NEIGHBOR BEHIND YOU EITHER. JUST A REAL NICE AND CLEAN HOME LOCATED IN A VERY NICE NEIGHBORHOOD. SELLER PROVIDING HOME WARRANTY.

8. 2006-03-13
   listed $269,900 340-char remark

   Show marketing remark (340 chars)

   THIS HOME IS HUGE! 4 BEDROOMS, 3 BATHS, 3 CAR GARAGE W/ POOL! SEPARATE LIVING AND FAMILY ROOMS, POOL BATH, LANAI, FENCED DOGGIE RUN ARE SOME OF THE AMENITIES. OUTSIDE YOU LL FIND GARDEN CURBING AND GUTTERS. NO NEIGHBOR BEHIND YOU EITHER. JUST A REAL NICE AND CLEAN HOME LOCATED IN A VERY NICE NEIGHBORHOOD. SELLER PROVIDING HOME WARRANTY.

9. 1993-11-01
   soldstatus $18,500

ⓘ 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: $1,818 · $152/mo
• Projected year-2 tax: $2,655 · $221/mo
• Expected delta: +$837/yr (+$70/mo · 46.0%)

ⓘ 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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 25 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,879
• − Mortgage interest: −$17,919
• − Property taxes: −$1,818
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,470
• − Management: −$2,470
• − Depreciation: −$9,306
• Taxable loss: −$4,705
• Est. tax savings @ 24.0%: +$1,129
• After-tax cash flow: $1,975/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 — Lecanto

• Score: 64/100
• State rank: #680
• US rank: #14112

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Citrus County · 111,314 people
• City population: 13,377
• Metro: Homosassa Springs, FL
• Population (ZIP): 13,377
• Household income: $63,418
• Rent vs Own: 10.7% rent · 89.3% own
• Severe rent burden: 41.0

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 (87%)
• Race & ethnicity: White 87% Hispanic / Latino 8% Two or more races 7% Black 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 3% Lithuanian 3% Slovak 3%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 95% 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: ▼ -29.48%
• Current HPI: 258.0866
• 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

+1629.2% since first listed

9 events — show timeline

• 2026-05-22 Pending — RACC
• 2026-05-14 Listed $319,900 RACC
• 2013-04-24 Sold (Public Records) $149,000 Public Records
• 2013-04-18 Sold (MLS) $149,500 RACC
• 2013-02-14 Listed $165,000 RACC
• 2006-06-05 Sold (Public Records) $245,000 Public Records
• 2006-06-01 Sold (MLS) $245,000 RACC
• 2006-03-13 Listed $269,900 RACC
• 1993-11-01 Sold (Public Records) $18,500 Public Records

Property tax history

-1.1%/yr

Latest (2025): $1,818 · +5.9% YoY. Source: county tax records.