8045 Indian Trail Rd · North Weeki Wachee, FL 34613

$195,900

3 bd · 2.0 ba · 1,568 sqft · Manufactured public records · 162 Days on market

Built 1985 1.06 ac lot Est $332k · 41% under · waterfront

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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 +25.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +5.5/10.0
• 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

Unlock the potential of this 3-bedroom, 2-bath home situated on a spacious 1.1-acre lot at 8045 Indian Trail. Featuring a durable metal roof and a functional split-bedroom floor plan, this property offers the perfect opportunity to create the home you've always envisioned. Inside, you'll find generous living spaces ready for your personal updates and finishing touches. Whether you're an investor, first-time homebuyer, or someone looking for extra land and freedom, this property presents endless possibilities. The expansive 1.1-acre lot provides plenty of room for a workshop, RV or boat storage, gardening, outdoor entertaining, or simply enjoying the privacy and peaceful Florida lifestyle. With a little TLC, this diamond in the rough can truly shine. Don't miss your chance to own a property with space, potential, and opportunity all in one package.

Key facts

• Expansive acreage
• Split floor plan
• 1.1-acre lot

Tags

• 1.1-ACRE LOT
• EXPANSIVE ACREAGE
• SPLIT FLOOR PLAN
• GENEROUS LIVING AREAS

Property features AI

Finance

• Other: Property is homesteaded; Zoned R1A; Lot is about 1.06 acres (approx. 200 x 260)
• HOA & community: No HOA/association indicated; Pets allowed

Exterior

• Utilities: Well water; Septic tank; Electricity available
• Home design: Manufactured double-wide home; Single-story (one level); Home faces east; Pillar/post/pier foundation
• Construction: Vinyl siding with frame construction; Metal roof; Pillar/post/pier foundation; Building area about 2,048 sq ft
• Exterior features: Deck; Wire fencing; Other exterior features

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Built-in features; Ceiling fans; Open floor plan; Walk-in closets; Wood-burning fireplace in living room; 9 total rooms
• Laundry & utility: Washer; Dryer; Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $196k.

Deal economics

• At list price, monthly cash flow is $435 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $196k).
• Recommended offer: $172k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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: 695 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).
• This rent runs 42% 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 $6k 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

• It's been on market 162 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y 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 $89k; list at $196k implies a 120% 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 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,392 (12.0% below list)

Questions for the listing agent

1. It's been on market 162 days. Have you received any prior offers? Is the seller open to a 12% 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. 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
8. 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.
9. 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.
10. 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: 1.05% ✓
• Cap rate: 8.96%
• Cash-on-cash: 9.51%
• DSCR: 1.42
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $332,338
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8104 Ridge Rd	0.16mi	3/2.0	1,404 (-10%)	4mo	$277,000	$197	72
8353 Normandy Dr	0.36mi	3/2.0	1,500 (-4%)	9mo	$235,000	$157	69
10040 Lake Dr	0.62mi	3/2.0	1,680 (+7%)	10mo	$255,000	$152	50
10030 Lake Dr	0.61mi	3/2.0	1,680 (+7%)	11mo	$244,888	$146	50

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: -2.0%
• Equity multiple: 0.92×
• Total profit: $-4,115
• Equity at exit: $29,209

10-year hold

• IRR: 7.7%
• Equity multiple: 1.58×
• Total profit: $31,808
• Equity at exit: $16,938

Cash invested: $54,852 (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 34613

• Home prices YoY: -17.2%
• Active inventory: 695
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,063 high
• Mortgage (P&I): −$1,027
• Tax from tax record: −$86 /mo · $1,029/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$433
• Net cashflow: $435

Break-even live

Break-even rent $1,512

Max offer price $195,900

Occupancy floor 74%

Sensitivity live

Price	-10% $546	-5% $490	+0% $435	+5% $379	+10% $324
Rent	-10% $272	-5% $353	+0% $435	+5% $516	+10% $598
Rate	-1.0pp $534	-0.5pp $485	base $435	+0.5pp $384	+1.0pp $332

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: $48,975
• Closing costs: $5,877
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7718 Rome Ln Brooksville, FL	3.0	2.0	1674	$2,200	$1.31	25d	1	0.90mi
7569 Heather Walk Dr Weeki Wachee, FL	2.0	2.0	1211	$1,595	$1.32	19d	1	1.00mi
7575 St Andrews Blvd Weeki Wachee, FL	3.0	2.0	1515	$2,199	$1.45	25d	1	1.11mi
7744 St Andrews Blvd Weeki Wachee, FL	2.0	2.0	1142	$1,450	$1.27	25d	1	1.12mi
9003 Nakoma Way Unit 1234465P Spring Hill, FL	4.0	3.0	1506	$4,596	$3.05	6d	1	1.29mi
11285 Frigate Bird Ave Weeki Wachee, FL	3.0	2.0	2053	$2,225	$1.08	25d	1	1.31mi
8992 Hernando Way Weeki Wachee, FL	2.0	2.0	1490	$1,695	$1.14	6d	1	1.32mi
9104 Wade St Brooksville, FL	3.0	2.0	1550	$2,195	$1.42	4d	3	1.35mi
8983 Wade St Unit 8388 Brooksville, FL	3.0	2.0	1550	$2,246	$1.45	4d	1	1.45mi
7251 Mc Ginnes Ct Weeki Wachee, FL	2.0	2.0	1360	$1,695	$1.25	6d	1	1.48mi
7405 Western Circle Dr Brooksville, FL	2.0	2.0	1442	$1,500	$1.04	25d	1	1.49mi
6288 Swan Ln Spring Hill, FL	4.0	2.0	2091	$2,450	$1.17	25d	1	1.50mi

Listing history 16 events

1. 2026-06-21
   days on market $195,900 Active 162 DOM
2. 2026-06-18
   days on market $195,900 Active 159 DOM
3. 2026-06-17
   days on market $195,900 Active 158 DOM
4. 2026-06-16
   days on market $195,900 Active 157 DOM
5. 2026-06-15
   days on market $195,900 Active 156 DOM
6. 2026-06-13
   days on market $195,900 Active 154 DOM
7. 2026-06-13
   days on market $195,900 Active 153 DOM
8. 2026-06-09
   days on market $195,900 Active 150 DOM
9. 2026-06-08
   days on market $195,900 Active 149 DOM
10. 2026-06-07
    days on market $195,900 Active 148 DOM
11. 2026-06-04
    days on market $195,900 Active 145 DOM
12. 2026-06-03
    days on market $195,900 Active 144 DOM
13. 2026-06-02
    days on market $195,900 Active 143 DOM
14. 2026-06-02
    days on marketlisting id $195,900 Active 142 DOM
15. 2026-06-01
    days on market $195,900 Active 3 DOM
16. 2026-05-31
    days on market $195,900 Active 2 DOM

ⓘ 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: $1,029 · $86/mo
• Projected year-2 tax: $1,626 · $135/mo
• Expected delta: +$597/yr (+$50/mo · 58.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 25 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 1 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,753
• − Mortgage interest: −$10,973
• − Property taxes: −$1,029
• − Insurance: −$980
• − Repairs & maintenance: −$1,980
• − Management: −$1,980
• − Depreciation: −$5,699
• Taxable income: $2,111
• Est. tax owed @ 24.0%: −$507
• After-tax cash flow: $4,711/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

• Census place: North Weeki Wachee, FL
• County: Hernando County · 169,677 people
• City population: 18,280
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 19,337
• Household income: $58,596
• Rent vs Own: 9.2% rent · 90.8% own
• Severe rent burden: 307.0

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 (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Two or more races 4% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 3% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

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: ▼ -57.51%
• Current HPI: 276.2229
• Rent YoY: —
• Metro: Tampa-St. Petersburg-Clearwater, 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

+1206.0% since first listed

13 events — show timeline

• 2026-05-29 Listed $195,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-27 Listed $195,900 HCAR
• 2026-05-03 Listing Removed — HCAR
• 2026-05-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-12-12 Listed $195,000 HCAR
• 2025-12-12 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-11 Sold (MLS) $89,000 St. Augustine and St. Johns County Board of REALTORS®
• 2021-08-11 Sold (MLS) $89,000 HCAR
• 2021-06-03 Listing Removed — HCAR
• 2021-05-13 Listed $99,900 St. Augustine and St. Johns County Board of REALTORS®
• 2021-05-13 Listed $99,900 HCAR
• 1988-10-01 Sold (Public Records) $52,000 Public Records
• 1984-07-01 Sold (Public Records) $15,000 Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,029 · +0.7% YoY. Source: county tax records.