6970 E Totem Ct · Hernando, FL 34442

$95,000

3 bd · 2.0 ba · 1,142 sqft · Manufactured public records · 102 Days on market

Built 2006 4,620 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 +0.0/10.0

Listing remarks MLS

Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

Key facts

• 4,620 sq ft lot
• Built 2006
• Listed 101 days

Property features AI

Finance

• Other: Unfurnished; Property type: Residential; Property sub type: Manufactured Home; Zoning: CLRMH; Universal property ID available
• HOA & community: No association reported

Exterior

• Utilities: Well water; Sewer: Other; Other utilities
• Home design: Manufactured home (double wide); Single-story; Home faces south
• Construction: Other construction materials; Other roof; Other foundation details; Living area approximately 1,142 (owner provided)
• Exterior features: Other exterior features; 77 x 60 lot dimensions; Approximately 0.11 acre lot (0 to less than 1/4 acre); Road surface: Other

Interior

• Kitchen: Dishwasher; Other kitchen appliances
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Other laundry features

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $95k.

Deal economics

• At list price, monthly cash flow is $360 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $86k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.2% 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.
• Market conditions: 444 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 40% 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 $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 ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 2 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 $8k; list at $95k implies a 1088% gain — meaningful room to come down on a strong offer.

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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,450 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
6. 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.
7. 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: 1.99% ✓
• Cap rate: 16.23%
• Cash-on-cash: 35.49%
• DSCR: 2.58
• GRM: 4.2

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: 7.5%
• Equity multiple: 1.30×
• Total profit: $7,866
• Equity at exit: $14,165

10-year hold

• IRR: 17.0%
• Equity multiple: 2.42×
• Total profit: $37,690
• 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 34442

• Home prices YoY: -21.9%
• Active inventory: 444
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,888 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$167 /mo · $2,005/yr
• Insurance: −$40
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $360

Break-even live

Break-even rent $1,432

Max offer price $95,000

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

Listing history 28 events

1. 2026-06-19
   days on market $95,000 Active 102 DOM
2. 2026-06-18
   days on market $95,000 Active 101 DOM
3. 2026-06-17
   days on market $95,000 Active 100 DOM
4. 2026-06-16
   days on market $95,000 Active 99 DOM
5. 2026-06-15
   days on market $95,000 Active 98 DOM
6. 2026-06-14
   days on market $95,000 Active 96 DOM
7. 2026-06-13
   days on market $95,000 Active 95 DOM
8. 2026-06-09
   days on market $95,000 Active 92 DOM
9. 2026-06-08
   days on market $95,000 Active 91 DOM
10. 2026-06-03
    days on market $95,000 Active 86 DOM
11. 2026-06-02
    days on market $95,000 Active 85 DOM
12. 2026-06-01
    days on market $95,000 Active 84 DOM
13. 2026-05-31
    days on market $95,000 Active 83 DOM
14. 2026-05-30
    days on market $95,000 Active 82 DOM
15. 2026-04-07
    price $95,000 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

16. 2026-04-07
    price $95,000

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

17. 2026-03-09
    listed $98,500 Active
18. 2026-02-12
    price $98,500 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

19. 2026-02-02
    price $98,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

20. 2026-01-23
    price $99,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

21. 2025-12-19
    price $104,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

22. 2025-12-11
    price $109,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

23. 2025-12-02
    price $113,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

24. 2025-11-14
    price $114,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

25. 2025-11-11
    price $117,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

26. 2025-11-04
    price $118,999 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

27. 2025-10-27
    listed $119,999 Active 209-char remark

    Show marketing remark (209 chars)

    Fantastic opportunity in Hernando! This 3/2 mobile home needs some light repairs but has tons of potential. Great bones, solid layout, and priced to move quickly. Act fast — homes at this price go quick!

28. 1989-06-01
    soldstatus $8,000

ⓘ 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: $2,005 · $167/mo
• Projected year-2 tax: $2,005 · $167/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 AE · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 22 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,656
• − Mortgage interest: −$5,321
• − Property taxes: −$2,005
• − Insurance: −$5,594
• − Repairs & maintenance: −$1,812
• − Management: −$1,812
• − Depreciation: −$2,764
• Taxable income: $3,348
• Est. tax owed @ 24.0%: −$804
• After-tax cash flow: $3,519/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

+1087.5% since first listed

14 events — show timeline

• 2026-04-07 Price Changed $95,000 RACC
• 2026-04-07 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-09 Listed $98,500 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Price Changed $98,500 RACC
• 2026-02-02 Price Changed $98,999 RACC
• 2026-01-23 Price Changed $99,999 RACC
• 2025-12-19 Price Changed $104,999 RACC
• 2025-12-11 Price Changed $109,999 RACC
• 2025-12-02 Price Changed $113,999 RACC
• 2025-11-14 Price Changed $114,999 RACC
• 2025-11-11 Price Changed $117,999 RACC
• 2025-11-04 Price Changed $118,999 RACC
• 2025-10-27 Listed $119,999 RACC
• 1989-06-01 Sold (Public Records) $8,000 Public Records

Property tax history

+16.3%/yr

Latest (2025): $2,005 · +10.0% YoY. Source: county tax records.