4359 E Nugget Pass Pl · Hernando, FL 34434

$95,000

3 bd · 1.0 ba · 784 sqft · Manufactured public records · 6 Days on market

Built 1986 8,305 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.1/10.0

Listing remarks MLS

Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

Key facts

• Gourmet kitchen
• Luxury bathroom
• Shaker cabinets

Tags

• GOURMET KITCHEN
• GRANITE COUNTERTOPS
• SHAKER CABINETS
• TILE BACKSPLASH
• VAULTED CEILINGS
• LUXURY BATHROOM

Property features AI

Exterior

• Parking: Paved parking; Driveway; Unpaved parking
• Utilities: Private well water; Septic tank sewer
• Home design: Manufactured home (single wide); Residential property
• Construction: Asphalt shingle roof
• Exterior features: Fenced lot; Cleared lot; Paved road access

Interior

• Kitchen: Electric oven; Electric range; Refrigerator
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Ductless cooling
• Interior features: Stone countertops
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $95k.

Deal economics

• At list price, monthly cash flow is $261 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Cap rate 15.0% vs local median 5.6% in Hernando — 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 (#402 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F, employment D-.
• 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: Central Ridge Elementary School (math 41% / reading 44%, grade F, #1,383 of 2,144 statewide, top 65%, 723 students, 64% FRL); Citrus Springs Middle School (math 55% / reading 54%, grade B-, #183 of 571 statewide, top 34%, 821 students, 59% FRL); Citrus High School (math 34% / reading 51%, grade F, #264 of 667 statewide, top 41%, 1,503 students, 54% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: 1242 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k 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 $27k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 6 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.79% ✓
• Cap rate: 14.98%
• Cash-on-cash: 31.02%
• DSCR: 2.38
• GRM: 4.7

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: 1.5%
• Equity multiple: 1.06×
• Total profit: $1,523
• Equity at exit: $14,165

10-year hold

• IRR: 11.3%
• Equity multiple: 1.90×
• Total profit: $23,907
• Equity at exit: $8,214

Cash invested: $26,600 (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 34434

• Home prices YoY: -2.9%
• Active inventory: 1242
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,701 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,425/yr
• Insurance: −$40
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $261

Break-even live

Break-even rent $1,371

Max offer price $95,000

Occupancy floor 80%

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: $23,750
• Closing costs: $2,850
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-05-08
   status Pending
2. 2026-05-01
   listed $95,000 Active
3. 2023-05-01
   soldstatus $95,000 Closed 507-char remark

   Show marketing remark (507 chars)

   Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

4. 2023-05-01
   soldstatus $95,000

   Show marketing remark (507 chars)

   Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

5. 2023-04-25
   status Pending 507-char remark

   Show marketing remark (507 chars)

   Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

6. 2023-04-13
   status Active 507-char remark

   Show marketing remark (507 chars)

   Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

7. 2023-02-27
   status Pending 507-char remark

   Show marketing remark (507 chars)

   Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

8. 2023-02-15
   price $100,000 507-char remark

   Show marketing remark (507 chars)

   Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

9. 2023-01-16
   price $105,000 507-char remark

   Show marketing remark (507 chars)

   Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

10. 2023-01-16
    price $100,000 507-char remark

    Show marketing remark (507 chars)

    Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

11. 2022-12-13
    price $110,000 507-char remark

    Show marketing remark (507 chars)

    Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

12. 2022-12-08
    status Active 507-char remark

    Show marketing remark (507 chars)

    Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

13. 2022-12-05
    status Pending 507-char remark

    Show marketing remark (507 chars)

    Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

14. 2022-12-04
    price $120,000 507-char remark

    Show marketing remark (507 chars)

    Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

15. 2022-11-30
    price $115,000 507-char remark

    Show marketing remark (507 chars)

    Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

16. 2022-11-07
    listed $125,000 Active 507-char remark

    Show marketing remark (507 chars)

    Seller credit offered! Brand new everything! VA, Cash, and Conventional! This remodeled 3 bedroom, 1 bathroom home has it all. The gourmet kitchen stuns with granite countertops, shaker cabinets, tile backsplash, and vaulted ceilings. The luxury bathroom abounds with a rainfall shower and gorgeous tile throughout. Fresh paint, luxury vinyl flooring, lighting fixtures and so much more. Seller credit available upon request for a rate buy down. Call today and be the envy of family, friends, and neighbors!

17. 2021-04-20
    soldstatus $32,000 331-char remark

    Show marketing remark (331 chars)

    INVESTORS OR HANDYMAN SPECIAL!! 1986 Single Wide Mobile home on a . 19 acre lot. Needs some TLC to make it your home, winter retreat or an addition to an investors portfolio with tenants in place! Please do not disturb tenants. All information provided in this report is believed true and accurate at data entry but not guaranteed.

18. 2021-01-18
    listed $41,800 331-char remark

    Show marketing remark (331 chars)

    INVESTORS OR HANDYMAN SPECIAL!! 1986 Single Wide Mobile home on a . 19 acre lot. Needs some TLC to make it your home, winter retreat or an addition to an investors portfolio with tenants in place! Please do not disturb tenants. All information provided in this report is believed true and accurate at data entry but not guaranteed.

ⓘ 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 AE · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,418
• − Mortgage interest: −$5,321
• − Property taxes: −$1,425
• − Insurance: −$5,594
• − Repairs & maintenance: −$1,633
• − Management: −$1,633
• − Depreciation: −$2,764
• Taxable income: $2,047
• Est. tax owed @ 24.0%: −$491
• After-tax cash flow: $2,642/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 — Hernando

• Score: 71/100
• State rank: #402
• US rank: #7137

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hernando, FL
• County: Citrus County · 111,314 people
• City population: 17,281
• 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

+127.3% since first listed

18 events — show timeline

• 2026-05-08 Pending — RACC
• 2026-05-01 Listed $95,000 RACC
• 2023-05-01 Sold (Public Records) $95,000 Public Records
• 2023-05-01 Sold (MLS) $95,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-25 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-04-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-02-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-02-15 Price Changed $100,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-16 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-16 Price Changed $100,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-13 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-12-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-12-04 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-30 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-07 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-20 Sold (MLS) $32,000 Stellar MLS as Distributed by MLS Grid
• 2021-01-18 Listed $41,800 Stellar MLS as Distributed by MLS Grid

Property tax history

-5.9%/yr

Latest (2025): $181 · +34.0% YoY. Source: county tax records.