10290 N Biscayne Dr · Citrus Springs, FL 34434

$279,000

4 bd · 2.0 ba · 1,774 sqft · Land · 357 Days on market

Built 2025 10,454 sqft lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +7.3/30.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.5/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

Brand New 4-Bedroom Home in Citrus Springs – Modern Comfort & Style! Welcome to this stunning new construction single-family home located in the heart of Citrus Springs. Boasting 4 spacious bedrooms and 2 beautifully designed bathrooms, this home offers the perfect blend of functionality and modern living. Step into the open-concept living area, where the sleek kitchen shines with stainless steel appliances, ample cabinet space, and a convenient layout that flows seamlessly into the dining and living spaces — great for both everyday living and entertaining. Enjoy the added convenience of a dedicated laundry room and a 2-car garage, providing plenty of storage and parking. With quality finishes throughout and thoughtful design, this home is move-in ready and waiting for you to make it your own. Don’t miss this opportunity to own a brand-new home in a growing community!

Key facts

• 0.24 acre lot
• 2 garage spots
• Built 2025

Property features AI

Finance

• Other: Lot approx. 0.24 acre
• HOA & community: No association; No association approval required

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Septic tank sewer; Electricity connected; Water connected
• Home design: Single-family residence; Residential property; One-story; North-facing entry; Completed condition
• Construction: Block and stucco construction; Shingle roof; Built as new construction
• Exterior features: Sliding doors; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Vinyl; Block foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Eat-in kitchen; Living room / dining room combo; Open floorplan; Stone counters; Walk-in closet(s)
• Laundry & utility: Laundry room inside the home

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $279k.

Deal economics

• At list price, monthly cash flow is $-366 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (19.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (29.1% below list).
• Recommended offer: $198k (29.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#521 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; 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: Citrus Springs Elementary School (math 52% / reading 48%, grade D+, #1,070 of 2,144 statewide, top 51%, 817 students, 71% FRL); Citrus Springs Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 821 students, 59% FRL); Crystal River High School (math 31% / reading 44%, grade F, #336 of 667 statewide, top 51%, 1,249 students, 56% FRL) — zoned schools at 62% FRL track the district average.
• Market conditions: 1247 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% of the median local income ($69k/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 $2k of loan paydown is wiped out by about $8k 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 357 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 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 $108k; list at $279k implies a 158% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $197,694 (29.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 357 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.71% ✗
• Cap rate: 4.72%
• Cash-on-cash: -5.63%
• DSCR: 0.75
• GRM: 11.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -25.9%
• Equity multiple: 0.12×
• Total profit: $-68,512
• Equity at exit: $41,600

10-year hold

• IRR: -22.6%
• Equity multiple: -0.15×
• Total profit: $-89,580
• Equity at exit: $24,123

Cash invested: $78,120 (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 34434

• Home prices YoY: -2.9%
• Active inventory: 1247
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $1,977 high
• Mortgage (P&I): −$1,463
• Tax est. 1.5%: −$349 /mo · $4,185/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $-366

Break-even live

Break-even rent $2,441

Max offer price $225,992

Occupancy floor —

Sensitivity live

Price	-10% $-174	-5% $-270	+0% $-366	+5% $-463	+10% $-559
Rent	-10% $-523	-5% $-444	+0% $-366	+5% $-288	+10% $-210
Rate	-1.0pp $-226	-0.5pp $-295	base $-366	+0.5pp $-439	+1.0pp $-512

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1924 W Roseboro Dr Dunnellon, FL	4.0	2.0	1449	$1,795	$1.24	22d	1	0.29mi
10872 N Frantz Ave Citrus Springs, FL	4.0	2.0	1449	$1,815	$1.25	22d	1	0.75mi
9995 N Sandree Dr Citrus Springs, FL	3.0	2.0	1453	$1,895	$1.30	22d	1	0.76mi
10990 N Adler Dr Citrus Springs, FL	4.0	2.0	1833	$2,100	$1.15	22d	1	0.78mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	22d	1	0.94mi
9676 N Jourden Dr Citrus Springs, FL	3.0	2.0	1353	$1,750	$1.29	22d	1	0.95mi
1150 W G Martinelli Blvd Citrus Springs, FL	3.0	2.0	1276	$1,600	$1.25	22d	1	1.01mi
2315 W Striblin Dr Citrus Springs, FL	4.0	2.5	2172	$2,050	$0.94	22d	1	1.04mi
11112 N Easter Ter Citrus Springs, FL	4.0	2.0	1800	$1,800	$1.00	22d	1	1.10mi
11128 N Easter Ter Citrus Springs, FL	4.0	2.0	1800	$1,800	$1.00	22d	1	1.12mi
2799 W Sheila Dr Citrus Springs, FL	4.0	2.0	1449	$1,815	$1.25	22d	1	1.12mi
9730 N Elkcam Blvd Citrus Springs, FL	4.0	2.0	1672	$1,785	$1.07	22d	1	1.15mi
9298 N Mendoza Way Citrus Springs, FL	3.0	2.0	1350	$1,800	$1.33	22d	1	1.16mi
2955 W Pintado Dr Citrus Springs, FL	4.0	2.5	2054	$2,095	$1.02	22d	1	1.21mi
2186 W G Martinelli Blvd Citrus Springs, FL	3.0	2.0	1448	$1,950	$1.35	22d	1	1.24mi
2963 W Sheila Dr Citrus Springs, FL	4.0	3.0	1952	$1,850	$0.95	22d	1	1.26mi
9305 N Citrus Springs Blvd Citrus Springs, FL	3.0	2.0	1411	$1,800	$1.28	22d	1	1.32mi
9081 N Golfview Dr Citrus Springs, FL	3.0	1.5	1374	$1,400	$1.02	22d	1	1.33mi
11127 N Trigger Ter Citrus Springs, FL	3.0	2.0	1409	$1,795	$1.27	22d	1	1.36mi
9205 N Fawn Way Citrus Springs, FL	3.0	2.0	1428	$1,750	$1.23	22d	1	1.47mi
2907 W Camilo Dr Citrus Springs, FL	4.0	2.0	1449	$1,795	$1.24	22d	1	1.47mi

Listing history 12 events

1. 2026-06-13
   statusdays on market $279,000 Pending 357 DOM
2. 2026-06-09
   days on market $279,000 Active 354 DOM
3. 2026-06-08
   days on market $279,000 Active 353 DOM
4. 2026-06-03
   days on market $279,000 Active 348 DOM
5. 2026-06-02
   days on market $279,000 Active 347 DOM
6. 2026-06-01
   days on market $279,000 Active 346 DOM
7. 2026-05-31
   days on market $279,000 Active 345 DOM
8. 2026-05-30
   days on market $279,000 Active 344 DOM
9. 2025-06-20
   listed $289,000 Active 907-char remark

   Show marketing remark (907 chars)

   Brand New 4-Bedroom Home in Citrus Springs – Modern Comfort & Style! Welcome to this stunning new construction single-family home located in the heart of Citrus Springs. Boasting 4 spacious bedrooms and 2 beautifully designed bathrooms, this home offers the perfect blend of functionality and modern living. Step into the open-concept living area, where the sleek kitchen shines with stainless steel appliances, ample cabinet space, and a convenient layout that flows seamlessly into the dining and living spaces — great for both everyday living and entertaining. Enjoy the added convenience of a dedicated laundry room and a 2-car garage, providing plenty of storage and parking. With quality finishes throughout and thoughtful design, this home is move-in ready and waiting for you to make it your own. Don’t miss this opportunity to own a brand-new home in a growing community!

10. 2025-06-20
    listed $289,000 Active

    Show marketing remark (907 chars)

    Brand New 4-Bedroom Home in Citrus Springs – Modern Comfort & Style! Welcome to this stunning new construction single-family home located in the heart of Citrus Springs. Boasting 4 spacious bedrooms and 2 beautifully designed bathrooms, this home offers the perfect blend of functionality and modern living. Step into the open-concept living area, where the sleek kitchen shines with stainless steel appliances, ample cabinet space, and a convenient layout that flows seamlessly into the dining and living spaces — great for both everyday living and entertaining. Enjoy the added convenience of a dedicated laundry room and a 2-car garage, providing plenty of storage and parking. With quality finishes throughout and thoughtful design, this home is move-in ready and waiting for you to make it your own. Don’t miss this opportunity to own a brand-new home in a growing community!

11. 2024-04-26
    soldstatus $108,100
12. 2023-12-01
    soldstatus $13,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,723
• − Mortgage interest: −$15,628
• − Property taxes: −$4,185
• − Insurance: −$1,395
• − Repairs & maintenance: −$1,898
• − Management: −$1,898
• − Depreciation: −$8,116
• Taxable loss: −$9,397
• Est. tax savings @ 24.0%: +$2,255
• After-tax cash flow: $-2,141/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 — Citrus Springs

• Score: 68/100
• State rank: #521
• US rank: #9598

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Citrus Springs, FL
• County: Citrus County · 111,314 people
• City population: 10,730
• Metro: Homosassa Springs, FL
• Population (ZIP): 11,074
• Household income: $68,939
• Rent vs Own: 12.4% rent · 87.6% own
• Severe rent burden: 171.0

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 (78%)
• Race & ethnicity: White 78% Two or more races 11% Hispanic / Latino 9% Black 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Iranian 3% Romanian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% German/W. Germanic 1% Other Indo-European 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: ▼ -9.70%
• Current HPI: 328.2164
• 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

+2123.1% since first listed

4 events — show timeline

• 2025-06-20 Listed $289,000 RACC
• 2025-06-20 Listed $289,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-26 Sold (Public Records) $108,100 Public Records
• 2023-12-01 Sold (Public Records) $13,000 Public Records

Property tax history

+15.4%/yr

Latest (2025): $257 · +33.4% YoY. Source: county tax records.