6740 W Van Buren Dr · Homosassa Springs, FL 34448

$177,900

3 bd · 1.0 ba · 975 sqft · SingleFamily public records · 21 Days on market

Built 1975 0.30 ac lot Est $209k · 15% under

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Why this score? — see what drove the B- 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 +25.3/30.0
• ARV discount +14.1/15.0
• DSCR +8.4/10.0
• 1% rule +5.4/10.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Simple & Functional Homosassa Home Welcome to 6740 W Van Buren Drive, a tidy 3-bedroom, 1-bathroom home that offers a wonderful opportunity to settle into the heart of the Nature Coast. With 975 square feet of heated living space, this home provides a comfortable and efficient layout that is easy to maintain. Sitting on a generous . 30-acre lot, offering plenty of privacy and room for outdoor activities. The backyard is already equipped with an above-ground pool, great for cooling off during those warm Florida afternoons. While the home has been well-kept, it serves as a clean "blank slate" ready for a new owner to bring a fresh perspective and a little personal touch to make it truly shine. The home features 3 Bedrooms / 1 Bathroom / 1 car garage, .30 Acre Lot: Ample space for gardening, pets, or storing your boat and trailer, Above-Ground Pool: Included for your summer enjoyment. Situated in a quiet Homosassa neighborhood, just minutes from the springs, local boat ramps, and coastal dining. This property is positioned for a quick sale. If you are looking for a solid home with a large yard and the potential to create your own perfect retreat, this is a must-see. Roof 2015, a/c 2024. Schedule a showing today!

Key facts

• Generous lot
• Local boat ramps
• Coastal dining

Tags

• ABOVE-GROUND POOL
• GENEROUS LOT
• QUIET NEIGHBORHOOD
• LOCAL BOAT RAMPS
• COASTAL DINING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $178k.

Deal economics

• At list price, monthly cash flow is $340 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $178k).
• Recommended offer: $175k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.0% vs local median 5.9% in Homosassa 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 71/100 on livability (#391 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute 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); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: 307 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• At $1,852/mo this rent would consume 48% of the median local household income ($46k/yr) (locally 113% 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 $1k of loan paydown is wiped out by about $5k 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 21 days — a 2% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 $90k; list at $178k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,231 (1.5% below list)

Questions for the listing agent

1. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.04% ✓
• Cap rate: 9.04%
• Cash-on-cash: 9.80%
• DSCR: 1.44
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $208,650
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3803 S Sandpiper Ter	0.58mi	2/2.0 (-1)	996 (+2%)	12mo	$142,500	$143	51
3400 S Anatole Way	0.26mi	3/2.0	1,088 (+12%)	21mo	$245,000	$225	47
7076 W Homosassa Trl	0.39mi	2/1.0 (-1)	864 (-11%)	17mo	$189,000	$219	44
7060 W Homosassa Trl	0.38mi	2/1.0 (-1)	864 (-11%)	18mo	$185,000	$214	44
6629 W Seagull Ln	0.69mi	2/2.0 (-1)	899 (-8%)	13mo	$152,500	$170	35
3402 S Aberdeen Ter	0.64mi	3/2.0	1,080 (+11%)	22mo	$140,000	$130	30

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: -3.9%
• Equity multiple: 0.86×
• Total profit: $-7,200
• Equity at exit: $26,525

10-year hold

• IRR: 5.8%
• Equity multiple: 1.43×
• Total profit: $21,476
• Equity at exit: $15,382

Cash invested: $49,812 (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 34448

• Home prices YoY: -26.1%
• Active inventory: 307
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,852 medium
• Mortgage (P&I): −$933
• Tax from tax record: −$50 /mo · $596/yr
• Insurance: −$74
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $340

Break-even live

Break-even rent $1,422

Max offer price $177,900

Occupancy floor 77%

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: $44,475
• Closing costs: $5,337
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-04-23
   status Pending 1249-char remark

   Show marketing remark (1249 chars)

   Simple & Functional Homosassa Home Welcome to 6740 W Van Buren Drive, a tidy 3-bedroom, 1-bathroom home that offers a wonderful opportunity to settle into the heart of the Nature Coast. With 975 square feet of heated living space, this home provides a comfortable and efficient layout that is easy to maintain. Sitting on a generous . 30-acre lot, offering plenty of privacy and room for outdoor activities. The backyard is already equipped with an above-ground pool, great for cooling off during those warm Florida afternoons. While the home has been well-kept, it serves as a clean "blank slate" ready for a new owner to bring a fresh perspective and a little personal touch to make it truly shine. The home features 3 Bedrooms / 1 Bathroom / 1 car garage, .30 Acre Lot: Ample space for gardening, pets, or storing your boat and trailer, Above-Ground Pool: Included for your summer enjoyment. Situated in a quiet Homosassa neighborhood, just minutes from the springs, local boat ramps, and coastal dining. This property is positioned for a quick sale. If you are looking for a solid home with a large yard and the potential to create your own perfect retreat, this is a must-see. Roof 2015, a/c 2024. Schedule a showing today!

2. 2026-04-23
   status Pending

   Show marketing remark (1249 chars)

   Simple & Functional Homosassa Home Welcome to 6740 W Van Buren Drive, a tidy 3-bedroom, 1-bathroom home that offers a wonderful opportunity to settle into the heart of the Nature Coast. With 975 square feet of heated living space, this home provides a comfortable and efficient layout that is easy to maintain. Sitting on a generous . 30-acre lot, offering plenty of privacy and room for outdoor activities. The backyard is already equipped with an above-ground pool, great for cooling off during those warm Florida afternoons. While the home has been well-kept, it serves as a clean "blank slate" ready for a new owner to bring a fresh perspective and a little personal touch to make it truly shine. The home features 3 Bedrooms / 1 Bathroom / 1 car garage, .30 Acre Lot: Ample space for gardening, pets, or storing your boat and trailer, Above-Ground Pool: Included for your summer enjoyment. Situated in a quiet Homosassa neighborhood, just minutes from the springs, local boat ramps, and coastal dining. This property is positioned for a quick sale. If you are looking for a solid home with a large yard and the potential to create your own perfect retreat, this is a must-see. Roof 2015, a/c 2024. Schedule a showing today!

3. 2026-04-13
   price $177,900 1249-char remark

   Show marketing remark (1249 chars)

   Simple & Functional Homosassa Home Welcome to 6740 W Van Buren Drive, a tidy 3-bedroom, 1-bathroom home that offers a wonderful opportunity to settle into the heart of the Nature Coast. With 975 square feet of heated living space, this home provides a comfortable and efficient layout that is easy to maintain. Sitting on a generous . 30-acre lot, offering plenty of privacy and room for outdoor activities. The backyard is already equipped with an above-ground pool, great for cooling off during those warm Florida afternoons. While the home has been well-kept, it serves as a clean "blank slate" ready for a new owner to bring a fresh perspective and a little personal touch to make it truly shine. The home features 3 Bedrooms / 1 Bathroom / 1 car garage, .30 Acre Lot: Ample space for gardening, pets, or storing your boat and trailer, Above-Ground Pool: Included for your summer enjoyment. Situated in a quiet Homosassa neighborhood, just minutes from the springs, local boat ramps, and coastal dining. This property is positioned for a quick sale. If you are looking for a solid home with a large yard and the potential to create your own perfect retreat, this is a must-see. Roof 2015, a/c 2024. Schedule a showing today!

4. 2026-04-13
   price $177,900

   Show marketing remark (1249 chars)

   Simple & Functional Homosassa Home Welcome to 6740 W Van Buren Drive, a tidy 3-bedroom, 1-bathroom home that offers a wonderful opportunity to settle into the heart of the Nature Coast. With 975 square feet of heated living space, this home provides a comfortable and efficient layout that is easy to maintain. Sitting on a generous . 30-acre lot, offering plenty of privacy and room for outdoor activities. The backyard is already equipped with an above-ground pool, great for cooling off during those warm Florida afternoons. While the home has been well-kept, it serves as a clean "blank slate" ready for a new owner to bring a fresh perspective and a little personal touch to make it truly shine. The home features 3 Bedrooms / 1 Bathroom / 1 car garage, .30 Acre Lot: Ample space for gardening, pets, or storing your boat and trailer, Above-Ground Pool: Included for your summer enjoyment. Situated in a quiet Homosassa neighborhood, just minutes from the springs, local boat ramps, and coastal dining. This property is positioned for a quick sale. If you are looking for a solid home with a large yard and the potential to create your own perfect retreat, this is a must-see. Roof 2015, a/c 2024. Schedule a showing today!

5. 2026-04-02
   listed $182,900 Active
6. 2026-03-31
   listed $182,900 Active 1249-char remark

   Show marketing remark (1249 chars)

   Simple & Functional Homosassa Home Welcome to 6740 W Van Buren Drive, a tidy 3-bedroom, 1-bathroom home that offers a wonderful opportunity to settle into the heart of the Nature Coast. With 975 square feet of heated living space, this home provides a comfortable and efficient layout that is easy to maintain. Sitting on a generous . 30-acre lot, offering plenty of privacy and room for outdoor activities. The backyard is already equipped with an above-ground pool, great for cooling off during those warm Florida afternoons. While the home has been well-kept, it serves as a clean "blank slate" ready for a new owner to bring a fresh perspective and a little personal touch to make it truly shine. The home features 3 Bedrooms / 1 Bathroom / 1 car garage, .30 Acre Lot: Ample space for gardening, pets, or storing your boat and trailer, Above-Ground Pool: Included for your summer enjoyment. Situated in a quiet Homosassa neighborhood, just minutes from the springs, local boat ramps, and coastal dining. This property is positioned for a quick sale. If you are looking for a solid home with a large yard and the potential to create your own perfect retreat, this is a must-see. Roof 2015, a/c 2024. Schedule a showing today!

7. 2018-06-15
   soldstatus $89,900 369-char remark

   Show marketing remark (369 chars)

   Clean and neat ! Freshly painted inside and out, new roof in November of 2015. Updated kitchen and bathroom, new appliances. Sweet 3 bedroom, 1 bath home ready for a new family. If you're looking for a new home, a starter home or a snow bird home don't let this one get away. This type of home does not come on the market for this price very often. Check it out today !

8. 2018-06-15
   soldstatus $89,900

   Show marketing remark (369 chars)

   Clean and neat ! Freshly painted inside and out, new roof in November of 2015. Updated kitchen and bathroom, new appliances. Sweet 3 bedroom, 1 bath home ready for a new family. If you're looking for a new home, a starter home or a snow bird home don't let this one get away. This type of home does not come on the market for this price very often. Check it out today !

9. 2018-04-03
   listed $89,900 369-char remark

   Show marketing remark (369 chars)

   Clean and neat ! Freshly painted inside and out, new roof in November of 2015. Updated kitchen and bathroom, new appliances. Sweet 3 bedroom, 1 bath home ready for a new family. If you're looking for a new home, a starter home or a snow bird home don't let this one get away. This type of home does not come on the market for this price very often. Check it out today !

ⓘ 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: $596 · $50/mo
• Projected year-2 tax: $1,477 · $123/mo
• Expected delta: +$881/yr (+$73/mo · 147.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (shaded) · 99% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 22 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: $22,227
• − Mortgage interest: −$9,965
• − Property taxes: −$596
• − Insurance: −$1,687
• − Repairs & maintenance: −$1,778
• − Management: −$1,778
• − Depreciation: −$5,175
• Taxable income: $1,248
• Est. tax owed @ 24.0%: −$300
• After-tax cash flow: $3,782/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 — Homosassa Springs

• Score: 71/100
• State rank: #391
• US rank: #6877

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homosassa Springs, FL
• County: Citrus County · 111,314 people
• Metro: Homosassa Springs, FL
• Population (ZIP): 10,817
• Household income: $45,916
• Rent vs Own: 14.6% rent · 85.4% own
• Severe rent burden: 113.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Black 1%
• Common ancestry: Slovak 3% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 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: ▼ -110.27%
• Current HPI: 312.4302
• 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

+97.9% since first listed

9 events — show timeline

• 2026-04-23 Pending — RACC
• 2026-04-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-13 Price Changed $177,900 RACC
• 2026-04-13 Price Changed $177,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-02 Listed $182,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Listed $182,900 RACC
• 2018-06-15 Sold (Public Records) $89,900 Public Records
• 2018-06-15 Sold (MLS) $89,900 RACC
• 2018-04-03 Listed $89,900 RACC

Property tax history

-0.0%/yr

Latest (2025): $596 · +13.7% YoY. Source: county tax records.