5074 N Dewey Way · Hernando, FL 34442

$160,000

3 bd · 2.0 ba · 1,352 sqft · Manufactured public records · 37 Days on market

Built 2000 0.50 ac lot Est $223k · 28% under

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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 +28.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.2/10.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BRAND NEW ROOF! Nice 3 bedroom, 2 bath doublewide sits on a 1/2 acre corner lot. Large eat in kitchen, all appliances stay including washer & dryer. Home freshly painted inside, new carpet in living room & guest bedrooms, new flooring in master bed & bath, ceiling fans in all bedrooms & living room. Front deck with handicap ramp, new AC in "2010", 10x12 storage shed. Close to "rails to trails" for the bike enthusiasts! Great home at a great price!!

Key facts

• Half-acre corner lot
• Large kitchen
• Open-concept living

Tags

• HALF-ACRE CORNER LOT
• OPEN-CONCEPT LIVING
• LARGE KITCHEN
• CENTER ISLAND WITH SEATING
• STAINLESS STEEL APPLIANCES
• SPLIT-BEDROOM FLOOR PLAN

Property features AI

Finance

• Other: Homestead exempt; Lot size approximately 0.5 acre
• HOA & community: No association; Pets allowed

Exterior

• Parking: Concrete/paved road access
• Utilities: Public water; Public sewer; Electricity available and connected; Water available and connected; Sewer available and connected; Cable available and connected
• Home design: Manufactured home (double wide); Residential property; One level; Faces northeast
• Construction: Vinyl siding and frame construction; Shingle roof; Built on slab foundation; Built as a double wide manufactured home
• Exterior features: Corner lot; Outdoor lighting; Rain gutters

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl; Slab foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Solid surface counters; Thermostat; Vaulted ceilings; Walk-in closets
• Laundry & utility: Washer; Dryer; Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $511 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 5.9% 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 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: 447 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% 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 $5k 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 $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 11y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $107k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.22% ✓
• Cap rate: 10.13%
• Cash-on-cash: 13.69%
• DSCR: 1.61
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $223,080
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1696 E Naperville Ln	0.68mi	3/2.0	1,152 (-15%)	0mo	$190,000	$165	43
1690 E Knollwood Ln	0.63mi	2/2.0 (-1)	1,216 (-10%)	17mo	$154,000	$127	34

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.8%
• Equity multiple: 1.15×
• Total profit: $6,599
• Equity at exit: $23,857

10-year hold

• IRR: 13.3%
• Equity multiple: 2.06×
• Total profit: $47,576
• Equity at exit: $13,834

Cash invested: $44,800 (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 34442

• Home prices YoY: -21.9%
• Active inventory: 447
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,948 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $511

Break-even live

Break-even rent $1,301

Max offer price $160,000

Occupancy floor 69%

Sensitivity live

Price	-10% $602	-5% $556	+0% $511	+5% $466	+10% $420
Rent	-10% $357	-5% $434	+0% $511	+5% $588	+10% $665
Rate	-1.0pp $592	-0.5pp $552	base $511	+0.5pp $470	+1.0pp $427

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5135 N Western Dr Hernando, FL	3.0	2.0	1512	$1,825	$1.21	22d	1	0.71mi

Listing history 27 events

1. 2026-06-21
   days on market $160,000 Active 37 DOM
2. 2026-06-19
   days on market $160,000 Active 35 DOM
3. 2026-06-18
   days on market $160,000 Active 34 DOM
4. 2026-06-17
   days on market $160,000 Active 33 DOM
5. 2026-06-16
   days on market $160,000 Active 32 DOM
6. 2026-06-15
   days on market $160,000 Active 31 DOM
7. 2026-06-14
   days on market $160,000 Active 29 DOM
8. 2026-06-13
   days on market $160,000 Active 28 DOM
9. 2026-06-09
   days on market $160,000 Active 25 DOM
10. 2026-06-08
    days on market $160,000 Active 24 DOM
11. 2026-06-07
    days on market $160,000 Active 23 DOM
12. 2026-06-03
    pricedays on market $160,000 Active 19 DOM
13. 2026-06-02
    days on market $165,000 Active 18 DOM
14. 2026-06-01
    days on market $165,000 Active 17 DOM
15. 2026-05-31
    days on market $165,000 Active 16 DOM
16. 2026-05-30
    days on market $165,000 Active 15 DOM
17. 2026-05-15
    listed $170,000 Active
18. 2021-05-24
    soldstatus $107,000
19. 2016-03-04
    soldstatus $45,000
20. 2016-02-22
    soldstatus $45,000 496-char remark

    Show marketing remark (496 chars)

    BRAND NEW ROOF! Nice 3 bedroom, 2 bath doublewide sits on a 1/2 acre corner lot. Large eat in kitchen, all appliances stay including washer & dryer. Home freshly painted inside, new carpet in living room & guest bedrooms, new flooring in master bed & bath, ceiling fans in all bedrooms & living room. Front deck with handicap ramp, new AC in "2010", 10x12 storage shed. Close to "rails to trails" for the bike enthusiasts! Great home at a great price!!

21. 2015-10-16
    listed $53,900 496-char remark

    Show marketing remark (496 chars)

    BRAND NEW ROOF! Nice 3 bedroom, 2 bath doublewide sits on a 1/2 acre corner lot. Large eat in kitchen, all appliances stay including washer & dryer. Home freshly painted inside, new carpet in living room & guest bedrooms, new flooring in master bed & bath, ceiling fans in all bedrooms & living room. Front deck with handicap ramp, new AC in "2010", 10x12 storage shed. Close to "rails to trails" for the bike enthusiasts! Great home at a great price!!

22. 2015-09-28
    historical
23. 2015-06-10
    listed $55,000
24. 1996-02-01
    soldstatus $17,500
25. 1990-11-01
    soldstatus $10,000
26. 1989-09-01
    soldstatus $15,900
27. 1979-08-01
    soldstatus $13,500

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,464 · $122/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,372
• − Mortgage interest: −$8,962
• − Property taxes: −$1,464
• − Insurance: −$800
• − Repairs & maintenance: −$1,870
• − Management: −$1,870
• − Depreciation: −$4,655
• Taxable income: $3,752
• Est. tax owed @ 24.0%: −$900
• After-tax cash flow: $5,231/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): 17,281
• Household income: $57,259
• Rent vs Own: 12.9% rent · 87.1% own
• Severe rent burden: 314.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 2%
• Common ancestry: Romanian 4% Slovak 4% Lithuanian 3%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 93% English-only · Spanish 3% German/W. Germanic 2% Tagalog/Filipino 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: ▼ -76.70%
• Current HPI: 273.3262
• 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

+1159.3% since first listed

11 events — show timeline

• 2026-05-15 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 2021-05-24 Sold (Public Records) $107,000 Public Records
• 2016-03-04 Sold (Public Records) $45,000 Public Records
• 2016-02-22 Sold (MLS) $45,000 RACC
• 2015-10-16 Listed $53,900 RACC
• 2015-09-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-06-10 Listed $55,000 Stellar MLS as Distributed by MLS Grid
• 1996-02-01 Sold (Public Records) $17,500 Public Records
• 1990-11-01 Sold (Public Records) $10,000 Public Records
• 1989-09-01 Sold (Public Records) $15,900 Public Records
• 1979-08-01 Sold (Public Records) $13,500 Public Records

Property tax history

+18.6%/yr

Latest (2025): $1,464 · +3.4% YoY. Source: county tax records.