2456 W Magenta Dr · Citrus Springs, FL 34434

$289,000

4 bd · 2.0 ba · 1,661 sqft · Land · 335 Days on market

Built 2025 0.29 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 +7.0/30.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.2/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

? Amazing and complete CORNER LOT house. Pictures from the house. Offering closing cost assistance. Welcome to your dream home! This meticulously crafted residence boasts four bedrooms, two baths and a generous 1,661 sqft of luxurious living space. In a prime location, this meticulously designed house offers an ideal blend of comfort and style. Upon entering, you'll encounter a roomy living space that seamlessly connects to the beautiful kitchen. Elegance and functionality converge in every corner of this home. The open-concept layout connects living spaces, creating an ideal environment for relaxation and entertainment. With attention to detail evident throughout, this home is a gem. The kitchen features stainless steel appliances, abundant cabinet space and a practical breakfast bar, creating a central hub for family gatherings and relaxed meals. Adjacent to this culinary haven, the dining area provides an ideal setting for hosting dinner parties or savoring cozy family meals. Explore the possibilities and envision your life in this beautiful home. Seller is offering closing costs incentive!! Schedule a showing today

Key facts

• Dining area
• Corner lot
• Breakfast bar

Tags

• CORNER LOT
• STAINLESS STEEL APPLIANCES
• ABUNDANT CABINET SPACE
• BREAKFAST BAR
• OPEN-CONCEPT LAYOUT
• DINING AREA

Property features AI

Finance

• Other: Zoned PDR; Lot size about 0.29 acres (1/4 to less than 1/2 acre)

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Private water; Septic tank; Other utilities
• Home design: Single-family residence; One story; New construction; East-facing
• Construction: Block construction; Shingle roof; Slab foundation; Completed condition; Built as new construction
• Exterior features: Paved road access; Lot dimensions approximately 89 x 125

Interior

• Kitchen: Dishwasher; Range
• Bedrooms: 4 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Walk-in closet(s); Sliding doors
• Laundry & utility: Laundry: Other

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 $-418 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $229k (20.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $200k (30.8% below list).
• Recommended offer: $200k (30.8% 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: schools C-, health & safety C-, 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.
• Market conditions: 1242 active listings in the ZIP; 16 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 35% 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 335 days — a 12% lower offer ($254k) is reasonable based on typical stale-listing flexibility.
• 5 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 $25k; list at $289k implies a 1056% 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 $199,894 (30.8% 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 335 days. Have you received any prior offers? Is the seller open to a 31% 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: 0.69% ✗
• Cap rate: 4.56%
• Cash-on-cash: -6.20%
• DSCR: 0.72
• GRM: 12.0

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: -27.0%
• Equity multiple: 0.09×
• Total profit: $-73,426
• Equity at exit: $43,091

10-year hold

• IRR: -24.6%
• Equity multiple: -0.21×
• Total profit: $-98,101
• 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: 12.0×

Monthly cashflow live

• Estimated rent: $1,999 high
• Mortgage (P&I): −$1,516
• Tax est. 1.5%: −$361 /mo · $4,335/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$420
• Net cashflow: $-418

Break-even live

Break-even rent $2,528

Max offer price $228,507

Occupancy floor —

Sensitivity live

Price	-10% $-218	-5% $-318	+0% $-418	+5% $-518	+10% $-618
Rent	-10% $-576	-5% $-497	+0% $-418	+5% $-339	+10% $-260
Rate	-1.0pp $-273	-0.5pp $-345	base $-418	+0.5pp $-493	+1.0pp $-569

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 16 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	0.33mi
10990 N Adler Dr Citrus Springs, FL	4.0	2.0	1833	$2,100	$1.15	22d	1	0.43mi
10872 N Frantz Ave Citrus Springs, FL	4.0	2.0	1449	$1,815	$1.25	22d	1	0.57mi
1150 W G Martinelli Blvd Citrus Springs, FL	3.0	2.0	1276	$1,600	$1.25	22d	1	0.61mi
11112 N Easter Ter Citrus Springs, FL	4.0	2.0	1800	$1,800	$1.00	22d	1	0.65mi
11128 N Easter Ter Citrus Springs, FL	4.0	2.0	1800	$1,800	$1.00	22d	1	0.66mi
2315 W Striblin Dr Citrus Springs, FL	4.0	2.5	2172	$2,050	$0.94	22d	1	0.70mi
2186 W G Martinelli Blvd Citrus Springs, FL	3.0	2.0	1448	$1,950	$1.35	22d	1	0.77mi
2799 W Sheila Dr Citrus Springs, FL	4.0	2.0	1449	$1,815	$1.25	22d	1	1.08mi
9995 N Sandree Dr Citrus Springs, FL	3.0	2.0	1453	$1,895	$1.30	22d	1	1.15mi
11127 N Trigger Ter Citrus Springs, FL	3.0	2.0	1409	$1,795	$1.27	22d	1	1.22mi
2963 W Sheila Dr Citrus Springs, FL	4.0	3.0	1952	$1,850	$0.95	22d	1	1.23mi
2955 W Pintado Dr Citrus Springs, FL	4.0	2.5	2054	$2,095	$1.02	22d	1	1.24mi
11745 W Shenandoah Way Citrus Springs, FL	4.0	3.0	1836	$1,745	$0.95	22d	1	1.29mi
9676 N Jourden Dr Citrus Springs, FL	3.0	2.0	1353	$1,750	$1.29	22d	1	1.30mi
9475 N Camel Dr Dunnellon, FL	3.0	2.0	1670	$1,800	$1.08	22d	1	1.40mi

Listing history 24 events

1. 2026-06-19
   days on market $289,000 Active 335 DOM
2. 2026-06-18
   days on market $289,000 Active 334 DOM
3. 2026-06-17
   days on market $289,000 Active 333 DOM
4. 2026-06-16
   days on market $289,000 Active 332 DOM
5. 2026-06-15
   days on market $289,000 Active 331 DOM
6. 2026-06-14
   days on market $289,000 Active 329 DOM
7. 2026-06-13
   days on market $289,000 Active 328 DOM
8. 2026-06-09
   days on market $289,000 Active 325 DOM
9. 2026-06-08
   days on market $289,000 Active 324 DOM
10. 2026-06-03
    days on market $289,000 Active 319 DOM
11. 2026-06-02
    days on market $289,000 Active 318 DOM
12. 2026-06-01
    days on market $289,000 Active 317 DOM
13. 2026-05-31
    days on market $289,000 Active 316 DOM
14. 2026-05-30
    days on market $289,000 Active 315 DOM
15. 2025-09-14
    status Active 1136-char remark

    Show marketing remark (1136 chars)

    ? Amazing and complete CORNER LOT house. Pictures from the house. Offering closing cost assistance. Welcome to your dream home! This meticulously crafted residence boasts four bedrooms, two baths and a generous 1,661 sqft of luxurious living space. In a prime location, this meticulously designed house offers an ideal blend of comfort and style. Upon entering, you'll encounter a roomy living space that seamlessly connects to the beautiful kitchen. Elegance and functionality converge in every corner of this home. The open-concept layout connects living spaces, creating an ideal environment for relaxation and entertainment. With attention to detail evident throughout, this home is a gem. The kitchen features stainless steel appliances, abundant cabinet space and a practical breakfast bar, creating a central hub for family gatherings and relaxed meals. Adjacent to this culinary haven, the dining area provides an ideal setting for hosting dinner parties or savoring cozy family meals. Explore the possibilities and envision your life in this beautiful home. Seller is offering closing costs incentive!! Schedule a showing today

16. 2025-09-12
    status Active
17. 2025-09-10
    status Pending 1136-char remark

    Show marketing remark (1136 chars)

    ? Amazing and complete CORNER LOT house. Pictures from the house. Offering closing cost assistance. Welcome to your dream home! This meticulously crafted residence boasts four bedrooms, two baths and a generous 1,661 sqft of luxurious living space. In a prime location, this meticulously designed house offers an ideal blend of comfort and style. Upon entering, you'll encounter a roomy living space that seamlessly connects to the beautiful kitchen. Elegance and functionality converge in every corner of this home. The open-concept layout connects living spaces, creating an ideal environment for relaxation and entertainment. With attention to detail evident throughout, this home is a gem. The kitchen features stainless steel appliances, abundant cabinet space and a practical breakfast bar, creating a central hub for family gatherings and relaxed meals. Adjacent to this culinary haven, the dining area provides an ideal setting for hosting dinner parties or savoring cozy family meals. Explore the possibilities and envision your life in this beautiful home. Seller is offering closing costs incentive!! Schedule a showing today

18. 2025-09-10
    status Pending

    Show marketing remark (1136 chars)

    ? Amazing and complete CORNER LOT house. Pictures from the house. Offering closing cost assistance. Welcome to your dream home! This meticulously crafted residence boasts four bedrooms, two baths and a generous 1,661 sqft of luxurious living space. In a prime location, this meticulously designed house offers an ideal blend of comfort and style. Upon entering, you'll encounter a roomy living space that seamlessly connects to the beautiful kitchen. Elegance and functionality converge in every corner of this home. The open-concept layout connects living spaces, creating an ideal environment for relaxation and entertainment. With attention to detail evident throughout, this home is a gem. The kitchen features stainless steel appliances, abundant cabinet space and a practical breakfast bar, creating a central hub for family gatherings and relaxed meals. Adjacent to this culinary haven, the dining area provides an ideal setting for hosting dinner parties or savoring cozy family meals. Explore the possibilities and envision your life in this beautiful home. Seller is offering closing costs incentive!! Schedule a showing today

19. 2025-08-15
    status Active 1136-char remark

    Show marketing remark (1136 chars)

    ? Amazing and complete CORNER LOT house. Pictures from the house. Offering closing cost assistance. Welcome to your dream home! This meticulously crafted residence boasts four bedrooms, two baths and a generous 1,661 sqft of luxurious living space. In a prime location, this meticulously designed house offers an ideal blend of comfort and style. Upon entering, you'll encounter a roomy living space that seamlessly connects to the beautiful kitchen. Elegance and functionality converge in every corner of this home. The open-concept layout connects living spaces, creating an ideal environment for relaxation and entertainment. With attention to detail evident throughout, this home is a gem. The kitchen features stainless steel appliances, abundant cabinet space and a practical breakfast bar, creating a central hub for family gatherings and relaxed meals. Adjacent to this culinary haven, the dining area provides an ideal setting for hosting dinner parties or savoring cozy family meals. Explore the possibilities and envision your life in this beautiful home. Seller is offering closing costs incentive!! Schedule a showing today

20. 2025-07-17
    listed $289,000 Active 1136-char remark

    Show marketing remark (1136 chars)

    ? Amazing and complete CORNER LOT house. Pictures from the house. Offering closing cost assistance. Welcome to your dream home! This meticulously crafted residence boasts four bedrooms, two baths and a generous 1,661 sqft of luxurious living space. In a prime location, this meticulously designed house offers an ideal blend of comfort and style. Upon entering, you'll encounter a roomy living space that seamlessly connects to the beautiful kitchen. Elegance and functionality converge in every corner of this home. The open-concept layout connects living spaces, creating an ideal environment for relaxation and entertainment. With attention to detail evident throughout, this home is a gem. The kitchen features stainless steel appliances, abundant cabinet space and a practical breakfast bar, creating a central hub for family gatherings and relaxed meals. Adjacent to this culinary haven, the dining area provides an ideal setting for hosting dinner parties or savoring cozy family meals. Explore the possibilities and envision your life in this beautiful home. Seller is offering closing costs incentive!! Schedule a showing today

21. 2025-07-17
    listed $289,000 Active

    Show marketing remark (1136 chars)

    ? Amazing and complete CORNER LOT house. Pictures from the house. Offering closing cost assistance. Welcome to your dream home! This meticulously crafted residence boasts four bedrooms, two baths and a generous 1,661 sqft of luxurious living space. In a prime location, this meticulously designed house offers an ideal blend of comfort and style. Upon entering, you'll encounter a roomy living space that seamlessly connects to the beautiful kitchen. Elegance and functionality converge in every corner of this home. The open-concept layout connects living spaces, creating an ideal environment for relaxation and entertainment. With attention to detail evident throughout, this home is a gem. The kitchen features stainless steel appliances, abundant cabinet space and a practical breakfast bar, creating a central hub for family gatherings and relaxed meals. Adjacent to this culinary haven, the dining area provides an ideal setting for hosting dinner parties or savoring cozy family meals. Explore the possibilities and envision your life in this beautiful home. Seller is offering closing costs incentive!! Schedule a showing today

22. 2025-01-17
    soldstatus $25,000
23. 2024-05-14
    soldstatus $13,800
24. 1998-12-23
    soldstatus $15,800

ⓘ 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 3/10 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: $23,987
• − Mortgage interest: −$16,188
• − Property taxes: −$4,335
• − Insurance: −$1,445
• − Repairs & maintenance: −$1,919
• − Management: −$1,919
• − Depreciation: −$8,407
• Taxable loss: −$10,226
• Est. tax savings @ 24.0%: +$2,454
• After-tax cash flow: $-2,562/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

+1729.1% since first listed

10 events — show timeline

• 2025-09-14 Relisted — RACC
• 2025-09-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-09-10 Pending — RACC
• 2025-09-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-15 Relisted — RACC
• 2025-07-17 Listed $289,000 RACC
• 2025-07-17 Listed $289,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-17 Sold (Public Records) $25,000 Public Records
• 2024-05-14 Sold (Public Records) $13,800 Public Records
• 1998-12-23 Sold (Public Records) $15,800 Public Records

Property tax history

+16.8%/yr

Latest (2025): $287 · +53.0% YoY. Source: county tax records.