3349 Harden St · Spring Hill, FL 34606

$145,000

2 bd · 2.0 ba · 989 sqft · Manufactured public records · 3 Days on market

Built 1980 7,000 sqft lot Est $118k · 23% over

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Why this score? — see what drove the D+ 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 +23.9/30.0
• DSCR +7.7/10.0
• 1% rule +5.5/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Active with Contract! Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

Key facts

• Built-in cabinetry
• Screened-in porch
• Thoughtful upkeep

Tags

• THOUGHTFUL UPKEEP
• KEY UPDATES COMPLETED
• BUILT-IN CABINETRY
• SCREENED-IN PORCH
• FULLY FENCED YARD
• FRESH LANDSCAPING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $145k.

Deal economics

• At list price, monthly cash flow is $282 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Cap rate 8.6% vs local median 4.4% in Spring Hill — 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 63/100 on livability (#738 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, amenities 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: Deltona Elementary School (math 45% / reading 50%, grade D, #1,182 of 2,144 statewide, top 55%, 843 students, 72% FRL); Central High School (math 34% / reading 44%, grade F, #312 of 667 statewide, top 48%, 1,426 students, 53% FRL).
• Market conditions: Rents soft (-0.9%/yr); 386 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).
• This rent runs 32% of the median local income ($57k/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 $4k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 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 $95k; list at $145k implies a 53% 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 $145,000

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. 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?
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: 1.05% ✓
• Cap rate: 8.63%
• Cash-on-cash: 8.35%
• DSCR: 1.37
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $117,691
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3245 Painters St	0.05mi	2/2.0	960 (-3%)	10mo	$159,900	$167	84
3286 Stone Hedge St	0.12mi	2/2.0	864 (-13%)	9mo	$121,000	$140	66
3339 Susan Dr	0.24mi	2/2.0	920 (-7%)	17mo	$90,000	$98	63
3239 Morrison Way	0.56mi	2/2.0	924 (-7%)	2mo	$110,000	$119	62
7212 Toucan Trl	0.57mi	2/2.0	1,104 (+12%)	5mo	$120,000	$109	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -6.8%
• Equity multiple: 0.75×
• Total profit: $-9,988
• Equity at exit: $21,620

10-year hold

• IRR: -1.2%
• Equity multiple: 0.93×
• Total profit: $-2,860
• Equity at exit: $12,537

Cash invested: $40,600 (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 34606

• Home prices YoY: -24.7%
• Rents YoY: -0.9%
• Active inventory: 386
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,520 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$97 /mo · $1,169/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $282

Break-even live

Break-even rent $1,162

Max offer price $145,000

Occupancy floor 76%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3204 Painters St Spring Hill, FL	2.0	2.0	749	$1,300	$1.74	11d	1	0.08mi
7423 Mohawk Trl Spring Hill, FL	3.0	2.0	1114	$1,795	$1.61	18d	1	0.55mi
4300 Bridgewater Club Loop Spring Hill, FL	2.0–4.0	2.0–3.0	1214	$1,268	$1.04	1d	13	1.19mi

Listing history 13 events

1. 2026-04-27
   status Pending
2. 2026-04-24
   listed $145,000 Active
3. 2021-07-12
   soldstatus $95,000
4. 2021-06-30
   soldstatus $95,000 Closed 669-char remark

   Show marketing remark (646 chars)

   Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

5. 2021-06-30
   soldstatus $95,000 Closed 646-char remark

   Show marketing remark (646 chars)

   Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

6. 2021-06-30
   soldstatus $95,000

   Show marketing remark (646 chars)

   Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

7. 2021-06-16
   status Pending 669-char remark

   Show marketing remark (669 chars)

   Active with Contract! Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

8. 2021-06-09
   listed Active Under Contract - Accepting Back Up Offers 669-char remark

   Show marketing remark (669 chars)

   Active with Contract! Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

9. 2021-05-16
   historical 646-char remark

   Show marketing remark (646 chars)

   Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

10. 2021-04-27
    listed $90,000 669-char remark

    Show marketing remark (646 chars)

    Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

11. 2021-04-27
    listed $90,000 646-char remark

    Show marketing remark (646 chars)

    Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

12. 2021-04-27
    listed $90,000

    Show marketing remark (646 chars)

    Welcome Home to this cute and cozy well maintained double wide manufactured home on . 20 acres. Completely fenced in and gated. Private driveway and 2 car carport with additional covered and screened storage space. Enjoy sitting out and relaxing on your outdoor covered screened in deck and enjoy those sunny days or an evening Bar BQ. Lovely 1 year old wood laminate floors in the Family room, kitchen, hall and dining area. Well piping replaced 1 year ago and septic cleaned out this past year. A/C is 11 years old and serviced yearly. Shed in the yard for extra storage is included too. Dont miss out on this cute property. It wont Last Long!!

13. 1998-04-29
    soldstatus $32,500

ⓘ 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: $1,169 · $97/mo
• Projected year-2 tax: $1,204 · $100/mo
• Expected delta: +$34/yr (+$3/mo · 2.9%)

ⓘ 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 · 23 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: $18,239
• − Mortgage interest: −$8,122
• − Property taxes: −$1,169
• − Insurance: −$725
• − Repairs & maintenance: −$1,459
• − Management: −$1,459
• − Depreciation: −$4,218
• Taxable income: $1,086
• Est. tax owed @ 24.0%: −$261
• After-tax cash flow: $3,129/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 — Spring Hill

• Score: 63/100
• State rank: #738
• US rank: #15937

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spring Hill, FL
• County: Hernando County · 169,677 people
• City population: 83,915
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 28,668
• Household income: $57,337
• Rent vs Own: 23.2% rent · 76.8% own
• Severe rent burden: 733.0

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 (74%)
• Race & ethnicity: White 74% Hispanic / Latino 16% Two or more races 13% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 10% Cuban 2%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 11% German/W. Germanic 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: ▼ -98.11%
• Current HPI: 298.5201
• Rent YoY: ▼ -0.89%
• 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

+346.2% since first listed

13 events — show timeline

• 2026-04-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2021-07-12 Sold (Public Records) $95,000 Public Records
• 2021-06-30 Sold (MLS) $95,000 St. Augustine and St. Johns County Board of REALTORS®
• 2021-06-30 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2021-06-30 Sold (MLS) $95,000 HCAR
• 2021-06-16 Pending — HCAR
• 2021-06-09 Listed — HCAR
• 2021-05-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2021-04-27 Listed $90,000 St. Augustine and St. Johns County Board of REALTORS®
• 2021-04-27 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-27 Listed $90,000 HCAR
• 1998-04-29 Sold (Public Records) $32,500 Public Records

Property tax history

+15.8%/yr

Latest (2025): $1,169 · +0.8% YoY. Source: county tax records.