14209 Tayco Dr · North Weeki Wachee, FL 34614

$175,000

3 bd · 2.0 ba · 2,052 sqft · Manufactured public records · 1 Days on market

Built 2004 1.30 ac lot

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Why this score? — see what drove the C 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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• 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

4-bedroom, 2.5-bath home on a fully fenced 1.3-acre corner lot with a detached 2-car garage, offering the space, privacy, and flexibility buyers are searching for. With room for a horse or cow and inviting outdoor living areas, this property delivers the comfort of country living with space to enjoy year-round. Step inside to a welcoming interior featuring a desirable split floor plan that provides separation and functionality for everyday living. A wood-burning fireplace creates a warm focal point and adds character to the main living space. Outside, the expansive fenced acreage offers endless opportunities for outdoor enjoyment, animals, gardening, or simply relaxing in your own private setting. Spend mornings on the front porch listening to birdsong, unwind on the back porch, or gather with family and friends around the firepit for evening entertaining. The spacious corner lot provides added privacy and open space while supporting an outdoor lifestyle that's increasingly hard to find. Combining acreage, practical features, and inviting indoor-outdoor living, this property presents a unique opportunity to enjoy the best of peaceful Florida living. This property is being offered as a Cash Only Purchase, due to financing requirements. One or more photos have been virtually staged.

Key facts

• Outdoor living areas
• Fully fenced
• Split floor plan

Tags

• FULLY FENCED
• DETACHED GARAGE
• OUTDOOR LIVING AREAS
• SPLIT FLOOR PLAN
• WOOD BURNING FIREPLACE
• EXPANSIVE FENCED ACREAGE

Property features AI

Finance

• Other: Property type: Residential (manufactured home); Condition: Fixer; Lot size: approximately 1.3 acres (cleared); Road surface: limerock; Zoning: AR2; Number of wells: 1; Number of septics: 1; Furnished: Unfurnished; Faces south
• HOA & community: No association

Exterior

• Parking: Attached garage (2 spaces)
• Utilities: Private well water; Septic tank; Electricity connected; Water connected; Cable available; Phone available
• Home design: Manufactured double-wide home; Single-story; Attached
• Construction: Vinyl siding; Shingle roof; Other foundation; Built as a double wide (manufactured)
• Exterior features: Fire pit; French doors; Shed(s); Workshop; Cleared corner lot

Interior

• Kitchen: No appliances included
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closets; Fireplace in the living room (wood burning); Den/Library/Office; Formal dining room; Inside utility
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $175k.

Deal economics

• At list price, monthly cash flow is $377 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Cap rate 8.9% 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 $1k of loan paydown is wiped out by about $5k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 15y 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 $54k; list at $175k implies a 227% 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; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,000

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. 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.
4. 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.
5. 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: 1.18% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.22%
• DSCR: 1.41
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $447,336
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14209 Tayco Dr	0.01mi	4/2.5 (+1)	2,052 (0%)	0mo	$165,000	$80	92
12124 Redrose Ave	0.14mi	4/2.0 (+1)	1,904 (-7%)	2mo	$415,000	$218	74

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: -2.3%
• Equity multiple: 0.91×
• Total profit: $-4,309
• Equity at exit: $26,093

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $27,383
• Equity at exit: $15,131

Cash invested: $49,000 (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: 7.1×

Monthly cashflow live

• Estimated rent: $2,068 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$266 /mo · $3,196/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $377

Break-even live

Break-even rent $1,591

Max offer price $175,000

Occupancy floor 77%

Sensitivity live

Price	-10% $476	-5% $426	+0% $377	+5% $327	+10% $278
Rent	-10% $213	-5% $295	+0% $377	+5% $458	+10% $540
Rate	-1.0pp $465	-0.5pp $421	base $377	+0.5pp $331	+1.0pp $285

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-05-25
   listed $175,000 Active 1301-char remark

   Show marketing remark (1301 chars)

   4-bedroom, 2.5-bath home on a fully fenced 1.3-acre corner lot with a detached 2-car garage, offering the space, privacy, and flexibility buyers are searching for. With room for a horse or cow and inviting outdoor living areas, this property delivers the comfort of country living with space to enjoy year-round. Step inside to a welcoming interior featuring a desirable split floor plan that provides separation and functionality for everyday living. A wood-burning fireplace creates a warm focal point and adds character to the main living space. Outside, the expansive fenced acreage offers endless opportunities for outdoor enjoyment, animals, gardening, or simply relaxing in your own private setting. Spend mornings on the front porch listening to birdsong, unwind on the back porch, or gather with family and friends around the firepit for evening entertaining. The spacious corner lot provides added privacy and open space while supporting an outdoor lifestyle that's increasingly hard to find. Combining acreage, practical features, and inviting indoor-outdoor living, this property presents a unique opportunity to enjoy the best of peaceful Florida living. This property is being offered as a Cash Only Purchase, due to financing requirements. One or more photos have been virtually staged.

2. 2026-05-25
   listed $175,000 Active

   Show marketing remark (1301 chars)

   4-bedroom, 2.5-bath home on a fully fenced 1.3-acre corner lot with a detached 2-car garage, offering the space, privacy, and flexibility buyers are searching for. With room for a horse or cow and inviting outdoor living areas, this property delivers the comfort of country living with space to enjoy year-round. Step inside to a welcoming interior featuring a desirable split floor plan that provides separation and functionality for everyday living. A wood-burning fireplace creates a warm focal point and adds character to the main living space. Outside, the expansive fenced acreage offers endless opportunities for outdoor enjoyment, animals, gardening, or simply relaxing in your own private setting. Spend mornings on the front porch listening to birdsong, unwind on the back porch, or gather with family and friends around the firepit for evening entertaining. The spacious corner lot provides added privacy and open space while supporting an outdoor lifestyle that's increasingly hard to find. Combining acreage, practical features, and inviting indoor-outdoor living, this property presents a unique opportunity to enjoy the best of peaceful Florida living. This property is being offered as a Cash Only Purchase, due to financing requirements. One or more photos have been virtually staged.

3. 2025-06-26
   historical
4. 2025-04-30
   price $270,000
5. 2025-03-24
   price $275,000
6. 2025-02-12
   price $285,000
7. 2025-01-27
   price $310,000
8. 2025-01-07
   listed $330,000 Active
9. 2019-11-11
   historical
10. 2019-11-11
    historical
11. 2013-03-15
    soldstatus $53,500
12. 2013-03-01
    soldstatus $53,500
13. 2013-02-22
    soldstatus $53,500
14. 2013-02-22
    soldstatus $53,500
15. 2012-10-01
    listed $49,500
16. 2012-10-01
    listed $49,500
17. 2012-09-20
    listed $49,500
18. 2012-03-16
    listed $53,500
19. 2011-11-29
    historical
20. 2011-08-23
    listed $75,500
21. 2011-06-15
    listed $47,000

ⓘ 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: $3,196 · $266/mo
• Projected year-2 tax: $3,196 · $266/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 3/10 Moderate
• 🌡 Heat 9/10 Extreme 6 d/yr ≥109°F today · 20 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: $24,815
• − Mortgage interest: −$9,803
• − Property taxes: −$3,196
• − Insurance: −$875
• − Repairs & maintenance: −$1,985
• − Management: −$1,985
• − Depreciation: −$5,091
• Taxable income: $1,879
• Est. tax owed @ 24.0%: −$451
• After-tax cash flow: $4,069/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

+272.3% since first listed

21 events — show timeline

• 2026-05-25 Listed $175,000 HCAR
• 2026-05-25 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-26 Listing Removed — HCAR
• 2025-04-30 Price Changed $270,000 HCAR
• 2025-03-24 Price Changed $275,000 HCAR
• 2025-02-12 Price Changed $285,000 HCAR
• 2025-01-27 Price Changed $310,000 HCAR
• 2025-01-07 Listed $330,000 HCAR
• 2019-11-11 Listing Removed — HCAR
• 2019-11-11 Listing Removed — HCAR
• 2013-03-15 Sold (MLS) $53,500 Stellar MLS as Distributed by MLS Grid
• 2013-03-01 Sold (Public Records) $53,500 Public Records
• 2013-02-22 Sold (MLS) $53,500 St. Augustine and St. Johns County Board of REALTORS®
• 2013-02-22 Sold (MLS) $53,500 HCAR
• 2012-10-01 Listed $49,500 St. Augustine and St. Johns County Board of REALTORS®
• 2012-10-01 Listed $49,500 HCAR
• 2012-09-20 Listed $49,500 Stellar MLS as Distributed by MLS Grid
• 2012-03-16 Listed $53,500 HCAR
• 2011-11-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2011-08-23 Listed $75,500 Stellar MLS as Distributed by MLS Grid
• 2011-06-15 Listed $47,000 HCAR

Property tax history

+7.3%/yr

Latest (2025): $3,196 · -0.5% YoY. Source: county tax records.