5015 S Orwell Pt · Homosassa Springs, FL 34446

$275,000

3 bd · 2.0 ba · 2,000 sqft · Manufactured public records · 49 Days on market

Built 2001 0.62 ac lot Est $208k · 32% over

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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).

• Cash flow +10.6/30.0
• Schools +4.1/10.0
• Livability +3.6/5.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious, versatile, and full of potential! This large Jacobson triple-wide home offers 2,000 sq ft of comfortable living on a generous . 62 acre lot at the end of a quiet road. With 4 bedrooms or the flexibility of 3 bedrooms plus a dedicated office and 2 full baths, there’s plenty of room to fit your lifestyle. There are no deed restrictions, no HOA, and is not in a flood zone! Inside, you’ll find oversized bedrooms, a huge living room perfect for gathering, and a cozy wood-burning fireplace that adds warmth and charm. The layout flows into a formal dining area, plus an additional flex space off the kitchen that could easily serve as a breakfast nook, expanded kitchen area, home office, or relaxed seating space -tailor it to your needs. Step outside and enjoy both front and back decks, ideal for entertaining or unwinding in peaceful surroundings. The oversized lot provides ample room for everything -vehicles, boats, RVs, and more, making it perfect for those who need space to spread out. Additional features include a shed with electric and its own subpanel, a new roof (2023), new AC (2025), and updated well pump & equipment, giving you peace of mind for years to come. Whether you’re looking for room to grow, space to store your toys, or a quiet place to call home, this property checks all the boxes.

Key facts

• Shed with electric
• Front and back decks
• Dedicated office

Tags

• DEDICATED OFFICE
• COZY WOOD BURNING FIREPLACE
• FRONT AND BACK DECKS
• OVERSIZED LOT
• SHED WITH ELECTRIC
• NEW ROOF

Property features AI

Finance

• Other: Homestead exempt; Zoned RURMH; Approximately 0.62 acre lot (about 161 x 167); Living area approximately 2000 square feet
• Financial info: No lease restrictions
• HOA & community: No association

Exterior

• Parking: No specific parking details provided
• Security: No security features provided
• Utilities: Well water; Septic tank; Electricity connected (private)
• Home design: Manufactured home (triple wide); Single-story; Faces west; Entry at one level
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation; Built as a manufactured home
• Exterior features: Deck; Storage shed(s); Level, oversized lot on a dead-end street; Asphalt road access

Interior

• Kitchen: Dishwasher
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Hardwood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Ceiling fans; Vaulted ceilings; Walk-in closets; Wood-burning fireplace
• Laundry & utility: Laundry inside; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $275k.

Deal economics

• At list price, monthly cash flow is $-135 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $251k (8.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $203k (26.1% below list).
• Recommended offer: $203k (26.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#391 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• 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: Lecanto Primary School (math 55% / reading 53%, grade C, #936 of 2,144 statewide, top 44%, 820 students, 63% FRL); Lecanto Middle School (math 49% / reading 49%, grade C-, #265 of 571 statewide, top 48%, 809 students, 55% FRL); Lecanto High School (math 46% / reading 53%, grade D, #179 of 667 statewide, top 29%, 1,630 students, 46% FRL) — zoned schools at 54% FRL track the district average.
• Market conditions: 586 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($59k/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 $8k 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 49 days — a 3% lower offer ($267k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $203,356 (26.1% 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 49 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.74% ✗
• Cap rate: 5.70%
• Cash-on-cash: -2.11%
• DSCR: 0.91
• GRM: 11.3

CMA / ARV

• ARV (on-the-fly): $208,000
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4385 S Marcan Ter	0.72mi	3/2.0	2,058 (+3%)	5mo	$150,000	$73	58
5326 S Blanca Pt	0.65mi	3/2.0	1,736 (-13%)	10mo	$180,000	$104	40

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: -19.8%
• Equity multiple: 0.31×
• Total profit: $-53,240
• Equity at exit: $41,003

10-year hold

• IRR: -12.8%
• Equity multiple: 0.25×
• Total profit: $-57,721
• Equity at exit: $23,777

Cash invested: $77,000 (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 34446

• Home prices YoY: -10.4%
• Active inventory: 586
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,034 medium
• Mortgage (P&I): −$1,442
• Tax from tax record: −$185 /mo · $2,220/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $-135

Break-even live

Break-even rent $2,205

Max offer price $251,115

Occupancy floor —

Sensitivity live

Price	-10% $20	-5% $-57	+0% $-135	+5% $-213	+10% $-291
Rent	-10% $-296	-5% $-216	+0% $-135	+5% $-55	+10% $25
Rate	-1.0pp $3	-0.5pp $-65	base $-135	+0.5pp $-206	+1.0pp $-279

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $275,000 Active 49 DOM
2. 2026-06-19
   days on market $275,000 Active 47 DOM
3. 2026-06-18
   days on market $275,000 Active 46 DOM
4. 2026-06-17
   days on market $275,000 Active 45 DOM
5. 2026-06-16
   days on market $275,000 Active 44 DOM
6. 2026-06-15
   days on market $275,000 Active 43 DOM
7. 2026-06-14
   days on market $275,000 Active 41 DOM
8. 2026-06-13
   days on market $275,000 Active 40 DOM
9. 2026-06-09
   days on market $275,000 Active 37 DOM
10. 2026-06-08
    days on market $275,000 Active 36 DOM
11. 2026-06-07
    days on market $275,000 Active 35 DOM
12. 2026-06-03
    days on market $275,000 Active 31 DOM
13. 2026-06-02
    days on market $275,000 Active 30 DOM
14. 2026-06-01
    days on market $275,000 Active 29 DOM
15. 2026-05-31
    days on market $275,000 Active 28 DOM
16. 2026-05-30
    days on market $275,000 Active 27 DOM
17. 2026-05-03
    listed $275,000 Active 1346-char remark

    Show marketing remark (1346 chars)

    Spacious, versatile, and full of potential! This large Jacobson triple-wide home offers 2,000 sq ft of comfortable living on a generous . 62 acre lot at the end of a quiet road. With 4 bedrooms or the flexibility of 3 bedrooms plus a dedicated office and 2 full baths, there’s plenty of room to fit your lifestyle. There are no deed restrictions, no HOA, and is not in a flood zone! Inside, you’ll find oversized bedrooms, a huge living room perfect for gathering, and a cozy wood-burning fireplace that adds warmth and charm. The layout flows into a formal dining area, plus an additional flex space off the kitchen that could easily serve as a breakfast nook, expanded kitchen area, home office, or relaxed seating space -tailor it to your needs. Step outside and enjoy both front and back decks, ideal for entertaining or unwinding in peaceful surroundings. The oversized lot provides ample room for everything -vehicles, boats, RVs, and more, making it perfect for those who need space to spread out. Additional features include a shed with electric and its own subpanel, a new roof (2023), new AC (2025), and updated well pump & equipment, giving you peace of mind for years to come. Whether you’re looking for room to grow, space to store your toys, or a quiet place to call home, this property checks all the boxes.

18. 2026-05-03
    listed $275,000 Active

    Show marketing remark (1346 chars)

    Spacious, versatile, and full of potential! This large Jacobson triple-wide home offers 2,000 sq ft of comfortable living on a generous . 62 acre lot at the end of a quiet road. With 4 bedrooms or the flexibility of 3 bedrooms plus a dedicated office and 2 full baths, there’s plenty of room to fit your lifestyle. There are no deed restrictions, no HOA, and is not in a flood zone! Inside, you’ll find oversized bedrooms, a huge living room perfect for gathering, and a cozy wood-burning fireplace that adds warmth and charm. The layout flows into a formal dining area, plus an additional flex space off the kitchen that could easily serve as a breakfast nook, expanded kitchen area, home office, or relaxed seating space -tailor it to your needs. Step outside and enjoy both front and back decks, ideal for entertaining or unwinding in peaceful surroundings. The oversized lot provides ample room for everything -vehicles, boats, RVs, and more, making it perfect for those who need space to spread out. Additional features include a shed with electric and its own subpanel, a new roof (2023), new AC (2025), and updated well pump & equipment, giving you peace of mind for years to come. Whether you’re looking for room to grow, space to store your toys, or a quiet place to call home, this property checks all the boxes.

19. 2023-06-12
    soldstatus $245,000 Closed 264-char remark

    Show marketing remark (264 chars)

    Spacious Double Wide With Much Potential! 3 Bedroom and 2 Bath Home With Fireplace And Open Floor Plan! All This Plus An Awesome Lot With Over 1/2 Acre. .. Privacy Galore. .. At End of Street. .. Some Rooms Are Staged!! This is actually a triple wide per seller.

20. 2023-06-12
    soldstatus $245,000

    Show marketing remark (264 chars)

    Spacious Double Wide With Much Potential! 3 Bedroom and 2 Bath Home With Fireplace And Open Floor Plan! All This Plus An Awesome Lot With Over 1/2 Acre. .. Privacy Galore. .. At End of Street. .. Some Rooms Are Staged!! This is actually a triple wide per seller.

21. 2023-04-21
    status Pending 264-char remark

    Show marketing remark (264 chars)

    Spacious Double Wide With Much Potential! 3 Bedroom and 2 Bath Home With Fireplace And Open Floor Plan! All This Plus An Awesome Lot With Over 1/2 Acre. .. Privacy Galore. .. At End of Street. .. Some Rooms Are Staged!! This is actually a triple wide per seller.

22. 2023-03-31
    listed $250,000 Active 264-char remark

    Show marketing remark (264 chars)

    Spacious Double Wide With Much Potential! 3 Bedroom and 2 Bath Home With Fireplace And Open Floor Plan! All This Plus An Awesome Lot With Over 1/2 Acre. .. Privacy Galore. .. At End of Street. .. Some Rooms Are Staged!! This is actually a triple wide per seller.

23. 2001-10-01
    soldstatus $23,000

ⓘ 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: $2,220 · $185/mo
• Projected year-2 tax: $2,282 · $190/mo
• Expected delta: +$62/yr (+$5/mo · 2.8%)

ⓘ 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 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: $24,403
• − Mortgage interest: −$15,404
• − Property taxes: −$2,220
• − Insurance: −$1,375
• − Repairs & maintenance: −$1,952
• − Management: −$1,952
• − Depreciation: −$8,000
• Taxable loss: −$6,501
• Est. tax savings @ 24.0%: +$1,560
• After-tax cash flow: $-62/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 — Homosassa Springs

• Score: 71/100
• State rank: #391
• US rank: #6877

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homosassa Springs, FL
• County: Citrus County · 111,314 people
• Metro: Homosassa Springs, FL
• Population (ZIP): 19,102
• Household income: $58,802
• Rent vs Own: 6.9% rent · 93.1% own
• Severe rent burden: 121.0

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 (87%)
• Race & ethnicity: White 87% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3%
• Common ancestry: Romanian 4% Lithuanian 4% Slovak 3%
• Foreign-born: 5% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -32.11%
• Current HPI: 277.2576
• 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

+1095.7% since first listed

7 events — show timeline

• 2026-05-03 Listed $275,000 RACC
• 2026-05-03 Listed $275,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-12 Sold (Public Records) $245,000 Public Records
• 2023-06-12 Sold (MLS) $245,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-03-31 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2001-10-01 Sold (Public Records) $23,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $2,220 · +5.4% YoY. Source: county tax records.