11606 Memorial Dr · High Point, FL 34613

$334,765

4 bd · 2.0 ba · 1,828 sqft · Land · 83 Days on market

Built 2026 6,000 sqft lot $8/mo HOA

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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 +11.4/30.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• DSCR +3.3/10.0
• Livability +3.2/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to a spacious and inviting 4-bedroom, open-concept and all concrete block constructed home where design meets functional elegance. The seamless flow between living areas and the kitchen creates an expansive environment perfect for both daily living and entertaining. The kitchen is a focal point of this home and designed for style and convenience including a stainless-steel range, microwave, built-in dishwasher. Four well-appointed bedrooms and located in the front of the home and nearby a full bathroom. The primary bedroom features an ensuite bathroom, double vanity, and walk-in closet. The laundry room is complete with a washer and dryer. This residence embodies the perfect harmony of openness and privacy. The Cali is complete with a state-of-the-art smart home system. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

Key facts

• 6,000 sq ft lot
• 2 garage spots
• Built 2026

Property features AI

Finance

• Other: Total lot roughly 0.14 acres (about 557 m²)
• Financial info: Lease restrictions apply
• HOA & community: HOA managed by Rizzetta and Company; Association approval required; Annual association fee $100 (approx. $8.33/month); Community has CDD

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Other utilities
• Home design: Single-family residence; One-story; Under construction (projected completion July 10, 2026); Faces west; Located in a planned unit development (PUD)
• Construction: Block construction; Shingle roof; Built on slab foundation; New construction by D.R. Horton (model: Cali)
• Exterior features: Paved road access; Pets allowed

Interior

• Kitchen: Dishwasher; Microwave; Range
• Bedrooms: 4 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan; Home comes with a builder-provided warranty
• Laundry & utility: Dedicated laundry room; Irrigation equipment

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $335k.

Deal economics

• At list price, monthly cash flow is $-116 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $314k (6.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $258k (23.0% below list).
• Recommended offer: $258k (23.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 64/100 on livability (#677 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: health & safety C-, amenities F, commute 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: Pine Grove Elementary School (math 60% / reading 45%, grade C-, #976 of 2,144 statewide, top 46%, 991 students, 60% FRL); Central High School (math 34% / reading 44%, grade F, #312 of 667 statewide, top 48%, 1,426 students, 53% FRL) — zoned schools at 56% FRL track the district average.
• Market conditions: 691 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).
• At $2,579/mo this rent would consume 53% of the median local household income ($59k/yr) (locally 307% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k 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

• It's been on market 83 days — a 6% lower offer ($315k) 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 $235k; 43% 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; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $257,926 (23.0% 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 83 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.77% ✗
• Cap rate: 5.88%
• Cash-on-cash: -1.49%
• DSCR: 0.93
• GRM: 10.8

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: -18.8%
• Equity multiple: 0.34×
• Total profit: $-61,719
• Equity at exit: $49,915

10-year hold

• IRR: -11.3%
• Equity multiple: 0.32×
• Total profit: $-63,531
• Equity at exit: $28,944

Cash invested: $93,734 (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 34613

• Home prices YoY: -17.2%
• Active inventory: 691
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,579 medium
• Mortgage (P&I): −$1,756
• Tax from tax record: −$251 /mo · $3,012/yr
• Insurance: −$139
• HOA: −$8
• Vacancy / Maint / Mgmt: −$542
• Net cashflow: $-116

Break-even live

Break-even rent $2,727

Max offer price $314,202

Occupancy floor 100%

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: $83,691
• Closing costs: $10,043
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7718 Rome Ln Brooksville, FL	3.0	2.0	1674	$2,200	$1.31	24d	1	0.45mi
11285 Frigate Bird Ave Weeki Wachee, FL	3.0	2.0	2053	$2,225	$1.08	24d	1	0.76mi

HOA detail

• Monthly dues: $8 · $96/yr

Listing history 17 events

1. 2026-06-18
   days on market $334,765 Active 83 DOM
2. 2026-06-17
   days on market $334,765 Active 82 DOM
3. 2026-06-16
   days on market $334,765 Active 81 DOM
4. 2026-06-15
   days on market $334,765 Active 80 DOM
5. 2026-06-13
   days on market $334,765 Active 78 DOM
6. 2026-06-13
   days on market $334,765 Active 77 DOM
7. 2026-06-09
   days on market $334,765 Active 74 DOM
8. 2026-06-08
   days on market $334,765 Active 73 DOM
9. 2026-06-07
   days on market $334,765 Active 72 DOM
10. 2026-06-04
    days on market $334,765 Active 69 DOM
11. 2026-06-03
    days on market $334,765 Active 68 DOM
12. 2026-06-02
    days on market $334,765 Active 67 DOM
13. 2026-06-01
    days on market $334,765 Active 66 DOM
14. 2026-05-31
    days on market $334,765 Active 65 DOM
15. 2026-03-27
    listed $334,765 Active 1106-char remark

    Show marketing remark (1106 chars)

    Welcome to a spacious and inviting 4-bedroom, open-concept and all concrete block constructed home where design meets functional elegance. The seamless flow between living areas and the kitchen creates an expansive environment perfect for both daily living and entertaining. The kitchen is a focal point of this home and designed for style and convenience including a stainless-steel range, microwave, built-in dishwasher. Four well-appointed bedrooms and located in the front of the home and nearby a full bathroom. The primary bedroom features an ensuite bathroom, double vanity, and walk-in closet. The laundry room is complete with a washer and dryer. This residence embodies the perfect harmony of openness and privacy. The Cali is complete with a state-of-the-art smart home system. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

16. 2026-03-27
    listed $334,765 Active

    Show marketing remark (1106 chars)

    Welcome to a spacious and inviting 4-bedroom, open-concept and all concrete block constructed home where design meets functional elegance. The seamless flow between living areas and the kitchen creates an expansive environment perfect for both daily living and entertaining. The kitchen is a focal point of this home and designed for style and convenience including a stainless-steel range, microwave, built-in dishwasher. Four well-appointed bedrooms and located in the front of the home and nearby a full bathroom. The primary bedroom features an ensuite bathroom, double vanity, and walk-in closet. The laundry room is complete with a washer and dryer. This residence embodies the perfect harmony of openness and privacy. The Cali is complete with a state-of-the-art smart home system. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

17. 2026-02-19
    soldstatus $234,900

ⓘ 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: $3,012 · $251/mo
• Projected year-2 tax: $3,012 · $251/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 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,951
• − Mortgage interest: −$18,752
• − Property taxes: −$3,012
• − Insurance: −$1,674
• − Repairs & maintenance: −$2,476
• − Management: −$2,476
• − HOA: −$96
• − Depreciation: −$9,739
• Taxable loss: −$7,273
• Est. tax savings @ 24.0%: +$1,746
• After-tax cash flow: $349/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 — High Point

• Score: 64/100
• State rank: #677
• US rank: #14099

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: High Point, FL
• County: Hernando County · 169,677 people
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 19,337
• Household income: $58,596
• Rent vs Own: 9.2% rent · 90.8% own
• Severe rent burden: 307.0

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 (88%)
• Race & ethnicity: White 88% Hispanic / Latino 6% Two or more races 4% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 4% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 3% French/Haitian/Cajun 1% Russian/Polish/Slavic 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: ▼ -57.51%
• Current HPI: 276.2229
• Rent YoY: —
• 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

+42.5% since first listed

3 events — show timeline

• 2026-03-27 Listed $334,765 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Listed $334,765 HCAR
• 2026-02-19 Sold (Public Records) $234,900 Public Records