5669 N Claremont Dr · Pine Ridge, FL 34434

$289,000

4 bd · 2.0 ba · 1,773 sqft · Land · 134 Days on market

Built 2025 0.27 ac 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 +7.4/30.0
• 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

Great opportunity to own this property where you can built your dream and home for retirement and be in an excellent location a place where you are allowed to have your boat, RV, pet and NO HOA fees. Also schools near by. with proximity to shopping, roads that takes you to main points of interest in the County etc. Please go there.

Key facts

• New construction
• Quiet growing area
• 0.27 acre lot

Tags

• NEW CONSTRUCTION
• MODERN OPEN FLOOR PLAN
• FULLY EQUIPPED KITCHEN
• WASHER AND DRYER INCLUDED
• WINDOW BLINDS INCLUDED
• QUIET GROWING AREA

Property features AI

Finance

• Other: Property zoning: PDR; Lot size about 0.27 acres (approximately 1/4 to less than 1/2 acre)

Exterior

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

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Vinyl; Slab foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Living room/dining room combo; Open floorplan; Walk-in closets
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $289k.

Deal economics

• At list price, monthly cash flow is $-377 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (18.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (29.0% below list).
• Recommended offer: $205k (29.0% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 3.4% in Pine Ridge — 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 67/100 on livability (#565 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: health & safety C-, schools F, 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.
• Market conditions: 1242 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 36% 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 $9k 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 134 days — a 12% lower offer ($254k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $15k; list at $289k implies a 1827% gain — meaningful room to come down on a strong offer.

Recommended offer $205,104 (29.0% 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 134 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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 4.73%
• Cash-on-cash: -5.59%
• DSCR: 0.75
• GRM: 11.7

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: -25.8%
• Equity multiple: 0.13×
• Total profit: $-70,804
• Equity at exit: $43,091

10-year hold

• IRR: -22.4%
• Equity multiple: -0.14×
• Total profit: $-92,439
• Equity at exit: $24,987

Cash invested: $80,920 (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: 1242
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,051 high
• Mortgage (P&I): −$1,516
• Tax est. 1.5%: −$361 /mo · $4,335/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $-377

Break-even live

Break-even rent $2,528

Max offer price $234,463

Occupancy floor —

Sensitivity live

Price	-10% $-177	-5% $-277	+0% $-377	+5% $-477	+10% $-577
Rent	-10% $-539	-5% $-458	+0% $-377	+5% $-296	+10% $-215
Rate	-1.0pp $-231	-0.5pp $-303	base $-377	+0.5pp $-452	+1.0pp $-528

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: $72,250
• Closing costs: $8,670
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
661 W Twisted Oaks Dr Beverly Hills, FL	4.0	2.0	1864	$1,695	$0.91	21d	1	0.75mi
669 W Homeway Loop Citrus Springs, FL	4.0	2.0	1580	$1,895	$1.20	21d	1	0.76mi
6251 W Whispering Dr Citrus Springs, FL	4.0	2.0	1617	$1,815	$1.12	21d	1	0.89mi
1482 W Manchester Dr Dunnellon, FL	3.0	2.0	1540	$1,695	$1.10	21d	1	0.97mi
665 W Sunset Strip Dr Beverly Hills, FL	3.0	2.0	2038	$2,200	$1.08	21d	1	1.21mi
788 W Glenhaven Dr Citrus Springs, FL	4.0	2.0	1621	$1,800	$1.11	21d	1	1.25mi

Listing history 20 events

1. 2026-06-19
   days on market $289,000 Active 134 DOM
2. 2026-06-18
   days on market $289,000 Active 133 DOM
3. 2026-06-17
   days on market $289,000 Active 132 DOM
4. 2026-06-16
   days on market $289,000 Active 131 DOM
5. 2026-06-15
   days on market $289,000 Active 130 DOM
6. 2026-06-14
   days on market $289,000 Active 128 DOM
7. 2026-06-13
   days on market $289,000 Active 127 DOM
8. 2026-06-09
   days on market $289,000 Active 124 DOM
9. 2026-06-08
   days on market $289,000 Active 123 DOM
10. 2026-06-03
    days on market $289,000 Active 118 DOM
11. 2026-06-02
    days on market $289,000 Active 117 DOM
12. 2026-06-01
    days on market $289,000 Active 116 DOM
13. 2026-05-31
    days on market $289,000 Active 115 DOM
14. 2026-05-30
    days on market $289,000 Active 114 DOM
15. 2026-02-19
    price $289,000
16. 2026-02-05
    listed $298,000 Active
17. 2023-12-11
    soldstatus $15,000 Closed 334-char remark

    Show marketing remark (334 chars)

    Great opportunity to own this property where you can built your dream and home for retirement and be in an excellent location a place where you are allowed to have your boat, RV, pet and NO HOA fees. Also schools near by. with proximity to shopping, roads that takes you to main points of interest in the County etc. Please go there.

18. 2023-12-07
    soldstatus $15,000
19. 2023-11-17
    status Pending 334-char remark

    Show marketing remark (334 chars)

    Great opportunity to own this property where you can built your dream and home for retirement and be in an excellent location a place where you are allowed to have your boat, RV, pet and NO HOA fees. Also schools near by. with proximity to shopping, roads that takes you to main points of interest in the County etc. Please go there.

20. 2023-11-13
    listed $15,400 Active 334-char remark

    Show marketing remark (334 chars)

    Great opportunity to own this property where you can built your dream and home for retirement and be in an excellent location a place where you are allowed to have your boat, RV, pet and NO HOA fees. Also schools near by. with proximity to shopping, roads that takes you to main points of interest in the County etc. Please go there.

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

Taxation est. · year 1

• Rental income: $24,612
• − Mortgage interest: −$16,188
• − Property taxes: −$4,335
• − Insurance: −$1,445
• − Repairs & maintenance: −$1,969
• − Management: −$1,969
• − Depreciation: −$8,407
• Taxable loss: −$9,701
• Est. tax savings @ 24.0%: +$2,328
• After-tax cash flow: $-2,194/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 — Pine Ridge

• Score: 67/100
• State rank: #565
• US rank: #10798

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pine Ridge, 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

+1776.6% since first listed

6 events — show timeline

• 2026-02-19 Price Changed $289,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Listed $298,000 Stellar MLS as Distributed by MLS Grid
• 2023-12-11 Sold (MLS) $15,000 RACC
• 2023-12-07 Sold (Public Records) $15,000 Public Records
• 2023-11-17 Pending — RACC
• 2023-11-13 Listed $15,400 RACC

Property tax history

+23.9%/yr

Latest (2025): $274 · +25.4% YoY. Source: county tax records.