5292 S Bayliner St · Homosassa Springs, FL 34446

$170,000

3 bd · 2.0 ba · 1,404 sqft · Manufactured public records · 5 Days on market

Built 2004 0.57 ac lot Est $185k · 8% 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 +28.5/30.0
• ARV discount +11.2/15.0
• DSCR +10.0/10.0
• 1% rule +6.7/10.0
• 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

Tucked away in the heart of Homosassa, this charming 3-bedroom, 2-bath home offers the kind of peace and privacy that’s getting harder to find. Situated on over half an acre (. 57), the property backs up to privately owned acreage—meaning your serene, nature-filled backdrop is here to stay. No rear neighbors, just quiet mornings and the sounds of Florida wildlife, with a fully fenced backyard, perfect for pets, play, or simply enjoying the space. A screened-in, covered lanai invites you to unwind year-round, while the additional deck offers even more room to entertain or soak up the sunshine. There’s also a shed for extra storage. Inside, the home has been lovingly maintained and well cared for, with meaningful updates already in place - roof replaced in 2023 and AC in 2018 - giving you peace of mind from day one. With plenty of room to add a pool or create your own outdoor oasis, this property is full of potential while already feeling like home. A place where wonderful memories have been made - and where the next chapter is ready to begin. Call to schedule your showing today!

Key facts

• Meaningful updates
• Extra storage
• Room to add a pool

Tags

• FULLY FENCED BACKYARD
• SCREENED-IN COVERED LANAI
• ADDITIONAL DECK
• EXTRA STORAGE
• MEANINGFUL UPDATES
• ROOM TO ADD A POOL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $170k.

Deal economics

• At list price, monthly cash flow is $557 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Cap rate 10.2% 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: Homosassa Elementary School (math 62% / reading 47%, grade C, #892 of 2,144 statewide, top 44%, 411 students, 78% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 582 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($59k/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 $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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $8k; list at $170k implies a 1900% 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 $170,000

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: 1.17% ✓
• Cap rate: 10.23%
• Cash-on-cash: 14.05%
• DSCR: 1.63
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $185,328
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5292 S Bayliner St	0.00mi	3/2.0	1,404 (0%)	1mo	$170,000	$121	99
5442 S Glenn Acres Ter	0.20mi	4/2.0 (+1)	1,344 (-4%)	10mo	$200,000	$149	71
5738 W Sandstone Ct	0.59mi	3/2.0	1,380 (-2%)	2mo	$87,000	$63	68
5510 S Delilah Pt	0.29mi	3/2.0	1,288 (-8%)	8mo	$169,500	$132	66
5624 S Dunromin Pt	0.67mi	3/2.0	1,431 (+2%)	6mo	$225,000	$157	60
5800 S Greenfield Ter	0.55mi	3/2.0	1,269 (-10%)	4mo	$199,900	$158	55
5214 S Frame Pt	0.38mi	2/2.0 (-1)	1,246 (-11%)	4mo	$100,000	$80	55
5729 S Leopard Pt	0.70mi	3/2.0	1,296 (-8%)	1mo	$150,000	$116	53
5320 S Heloise Ter	0.69mi	3/2.0	1,493 (+6%)	10mo	$203,000	$136	49
5341 S Oldfield Ave	0.51mi	4/3.0 (+1)	1,484 (+6%)	11mo	$89,000	$60	48
5404 S Heloise Ter	0.70mi	3/2.0	1,568 (+12%)	1mo	$208,000	$133	47
5573 S Will Pt	0.72mi	3/2.0	1,248 (-11%)	5mo	$115,000	$92	43

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: 4.3%
• Equity multiple: 1.17×
• Total profit: $7,887
• Equity at exit: $25,348

10-year hold

• IRR: 13.7%
• Equity multiple: 2.10×
• Total profit: $52,300
• Equity at exit: $14,698

Cash invested: $47,600 (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 34446

• Home prices YoY: -10.4%
• Active inventory: 582
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,987 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$50 /mo · $599/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $557

Break-even live

Break-even rent $1,281

Max offer price $170,000

Occupancy floor 67%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-04-22
   status Pending 1112-char remark

   Show marketing remark (1112 chars)

   Tucked away in the heart of Homosassa, this charming 3-bedroom, 2-bath home offers the kind of peace and privacy that’s getting harder to find. Situated on over half an acre (. 57), the property backs up to privately owned acreage—meaning your serene, nature-filled backdrop is here to stay. No rear neighbors, just quiet mornings and the sounds of Florida wildlife, with a fully fenced backyard, perfect for pets, play, or simply enjoying the space. A screened-in, covered lanai invites you to unwind year-round, while the additional deck offers even more room to entertain or soak up the sunshine. There’s also a shed for extra storage. Inside, the home has been lovingly maintained and well cared for, with meaningful updates already in place - roof replaced in 2023 and AC in 2018 - giving you peace of mind from day one. With plenty of room to add a pool or create your own outdoor oasis, this property is full of potential while already feeling like home. A place where wonderful memories have been made - and where the next chapter is ready to begin. Call to schedule your showing today!

2. 2026-04-22
   status Pending

   Show marketing remark (1112 chars)

   Tucked away in the heart of Homosassa, this charming 3-bedroom, 2-bath home offers the kind of peace and privacy that’s getting harder to find. Situated on over half an acre (. 57), the property backs up to privately owned acreage—meaning your serene, nature-filled backdrop is here to stay. No rear neighbors, just quiet mornings and the sounds of Florida wildlife, with a fully fenced backyard, perfect for pets, play, or simply enjoying the space. A screened-in, covered lanai invites you to unwind year-round, while the additional deck offers even more room to entertain or soak up the sunshine. There’s also a shed for extra storage. Inside, the home has been lovingly maintained and well cared for, with meaningful updates already in place - roof replaced in 2023 and AC in 2018 - giving you peace of mind from day one. With plenty of room to add a pool or create your own outdoor oasis, this property is full of potential while already feeling like home. A place where wonderful memories have been made - and where the next chapter is ready to begin. Call to schedule your showing today!

3. 2026-04-17
   listed $170,000 Active 1112-char remark

   Show marketing remark (1112 chars)

   Tucked away in the heart of Homosassa, this charming 3-bedroom, 2-bath home offers the kind of peace and privacy that’s getting harder to find. Situated on over half an acre (. 57), the property backs up to privately owned acreage—meaning your serene, nature-filled backdrop is here to stay. No rear neighbors, just quiet mornings and the sounds of Florida wildlife, with a fully fenced backyard, perfect for pets, play, or simply enjoying the space. A screened-in, covered lanai invites you to unwind year-round, while the additional deck offers even more room to entertain or soak up the sunshine. There’s also a shed for extra storage. Inside, the home has been lovingly maintained and well cared for, with meaningful updates already in place - roof replaced in 2023 and AC in 2018 - giving you peace of mind from day one. With plenty of room to add a pool or create your own outdoor oasis, this property is full of potential while already feeling like home. A place where wonderful memories have been made - and where the next chapter is ready to begin. Call to schedule your showing today!

4. 2026-04-17
   listed $170,000 Active

   Show marketing remark (1112 chars)

   Tucked away in the heart of Homosassa, this charming 3-bedroom, 2-bath home offers the kind of peace and privacy that’s getting harder to find. Situated on over half an acre (. 57), the property backs up to privately owned acreage—meaning your serene, nature-filled backdrop is here to stay. No rear neighbors, just quiet mornings and the sounds of Florida wildlife, with a fully fenced backyard, perfect for pets, play, or simply enjoying the space. A screened-in, covered lanai invites you to unwind year-round, while the additional deck offers even more room to entertain or soak up the sunshine. There’s also a shed for extra storage. Inside, the home has been lovingly maintained and well cared for, with meaningful updates already in place - roof replaced in 2023 and AC in 2018 - giving you peace of mind from day one. With plenty of room to add a pool or create your own outdoor oasis, this property is full of potential while already feeling like home. A place where wonderful memories have been made - and where the next chapter is ready to begin. Call to schedule your showing today!

5. 2003-09-01
   soldstatus $8,500

ⓘ 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: $599 · $50/mo
• Projected year-2 tax: $1,411 · $118/mo
• Expected delta: +$812/yr (+$68/mo · 135.6%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% 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: $23,843
• − Mortgage interest: −$9,523
• − Property taxes: −$599
• − Insurance: −$850
• − Repairs & maintenance: −$1,907
• − Management: −$1,907
• − Depreciation: −$4,945
• Taxable income: $4,111
• Est. tax owed @ 24.0%: −$987
• After-tax cash flow: $5,703/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): 19,102
• Household income: $58,802
• Rent vs Own: 6.9% rent · 93.1% own
• Severe rent burden: 121.0

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% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 4% Lithuanian 4% Slovak 3%
• Foreign-born: 5% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -32.11%
• Current HPI: 277.2576
• 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

+1900.0% since first listed

5 events — show timeline

• 2026-04-22 Pending — RACC
• 2026-04-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listed $170,000 RACC
• 2003-09-01 Sold (Public Records) $8,500 Public Records

Property tax history

+4.8%/yr

Latest (2025): $599 · +9.9% YoY. Source: county tax records.