5550 S Coral Bells Ave · Homosassa, FL 34448

$205,000

3 bd · 2.0 ba · 1,552 sqft · Manufactured public records · 19 Days on market

Built 1994 0.30 ac lot Est $178k · 15% over

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Why this score? — see what drove the C+ 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
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Schools +4.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.8/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked away in Old Homosassa, Florida this home offers the best of Florida living—high & dry with plenty of space, and a location that puts adventure at your doorstep! Step inside to a welcoming split 3/2 floor plan, where the open great room has vaulted ceilings and features a wood-burning fireplace that is warm & inviting. The Master Suite is spacious with a walk-in closet & a master bath with dual sinks and walk-in shower. The private laundry room includes a washer & dryer and storage. The brand-new A/C (2024) ensures comfort year-round, and the spacious kitchen has an eating nook and plenty of cabinet space! Outside, you'll find a huge aluminum carport with a concrete slab, ideal for keeping your boat, trailer, or golf cart protected—because let’s be honest, you’ll want all three in this golf-cart-friendly, waterfront community! This property has no restrictions and would make a great weekend getaway or could be rented out! Minutes from world-class fishing, scenic springs, lively waterfront dining, and the best of the Nature Coast, this home is your ticket to the laid-back, outdoor lifestyle Old Homosassa is famous for. Come check this charming well-maintained home out today!

Key facts

• Plenty of storage
• Split floor plan
• Backyard is fenced

Tags

• PLENTY OF STORAGE
• SPLIT FLOOR PLAN
• INSIDE LAUNDRY
• REAL WOOD BURNING FIRE PLACE
• SCREENED PORCH
• BACKYARD IS FENCED

Property features AI

Finance

• Other: Furnished; Lot approximately 0.3 acres (about 101 x 130); Asphalt road access

Exterior

• Parking: Has carport; Carport for 2 vehicles
• Utilities: Well water; Septic tank; Cable connected; Public utilities available
• Home design: Residential modular home; Single-story (one level); Faces east; Entry on one level
• Construction: Metal frame construction; Metal roof; Crawlspace foundation; Built as a modular home
• Exterior features: Outdoor shower; Private mailbox; Storage

Interior

• Kitchen: Range; Refrigerator; Dishwasher
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heat; Central air conditioning; Wood-burning fireplace in living room
• Interior features: Walk-in closet(s); Formal living room separate; Inside utility
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $205k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $205k).
• Recommended offer: $202k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 1.8% in Homosassa — 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 62/100 on livability (#749 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+; Watch: health & safety C-, employment D+, amenities 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: Homosassa Elementary School (math 62% / reading 47%, grade C, #892 of 2,144 statewide, top 44%, 411 students, 78% FRL); Crystal River Middle School (math 49% / reading 47%, grade C-, #286 of 571 statewide, top 50%, 900 students, 64% FRL); Crystal River High School (math 31% / reading 44%, grade F, #336 of 667 statewide, top 51%, 1,249 students, 56% FRL).
• Market conditions: 311 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• At $2,827/mo this rent would consume 74% of the median local household income ($46k/yr) (locally 113% 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 $1k of loan paydown is wiped out by about $6k 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 $57k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 4 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.

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→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $201,925 (1.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.38% ✓
• Cap rate: 12.33%
• Cash-on-cash: 21.54%
• DSCR: 1.96
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $178,480
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5550 S Coral Bells Ave	0.00mi	3/2.0	1,552 (0%)	14mo	$179,000	$115	88
10321 W Central St	0.14mi	2/2.0 (-1)	1,587 (+2%)	5mo	$165,000	$104	81

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: 2.5%
• Equity multiple: 1.09×
• Total profit: $5,421
• Equity at exit: $30,566

10-year hold

• IRR: 12.1%
• Equity multiple: 1.96×
• Total profit: $54,956
• Equity at exit: $17,725

Cash invested: $57,400 (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 34448

• Home prices YoY: -26.1%
• Active inventory: 311
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,827 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$42 /mo · $507/yr
• Insurance: −$85
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$594
• Net cashflow: $604

Break-even live

Break-even rent $2,062

Max offer price $205,000

Occupancy floor 74%

Sensitivity live

Price	-10% $720	-5% $662	+0% $604	+5% $546	+10% $488
Rent	-10% $381	-5% $492	+0% $604	+5% $716	+10% $827
Rate	-1.0pp $707	-0.5pp $656	base $604	+0.5pp $551	+1.0pp $497

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5111 S Gray Pelican Way Unit 5111 Homosassa, FL	2.0	2.0	1543	$3,200	$2.07	23d	1	0.90mi
11445 W Riverhaven Dr Homosassa, FL	2.0	2.0	1493	$2,900	$1.94	23d	1	1.15mi
11459 W Riverhaven Dr Homosassa, FL	2.0	2.0	1699	$3,000	$1.77	23d	1	1.17mi
5230 S View Pt Homosassa, FL	2.0	2.0	1149	$2,800	$2.44	23d	1	1.19mi
11481 W Riverhaven Dr Homosassa, FL	2.0	2.0	1149	$3,000	$2.61	23d	1	1.19mi
11639 W Riverhaven Dr Homosassa, FL	3.0	2.0	1925	$2,900	$1.51	23d	1	1.39mi
11643 W Riverhaven Dr Homosassa, FL	3.0	2.5	1821	$2,900	$1.59	23d	1	1.40mi

Listing history 14 events

1. 2026-06-21
   days on market $205,000 Active 19 DOM
2. 2026-06-19
   days on market $205,000 Active 17 DOM
3. 2026-06-18
   days on market $205,000 Active 16 DOM
4. 2026-06-17
   days on market $205,000 Active 15 DOM
5. 2026-06-16
   days on market $205,000 Active 14 DOM
6. 2026-06-15
   days on market $205,000 Active 13 DOM
7. 2026-06-14
   days on market $205,000 Active 11 DOM
8. 2026-06-13
   days on market $205,000 Active 10 DOM
9. 2026-06-10
   days on market $205,000 Active 8 DOM
10. 2026-06-09
    days on market $205,000 Active 7 DOM
11. 2026-06-08
    days on market $205,000 Active 6 DOM
12. 2026-06-07
    days on market $205,000 Active 5 DOM
13. 2026-06-03
    remarks 689-char remark
14. 2026-06-03
    listed $205,000 Active 1 DOM

ⓘ 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: $507 · $42/mo
• Projected year-2 tax: $1,702 · $142/mo
• Expected delta: +$1,194/yr (+$100/mo · 235.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 25 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: $33,922
• − Mortgage interest: −$11,483
• − Property taxes: −$507
• − Insurance: −$6,144
• − Repairs & maintenance: −$2,714
• − Management: −$2,714
• − Depreciation: −$5,964
• Taxable income: $4,397
• Est. tax owed @ 24.0%: −$1,055
• After-tax cash flow: $6,192/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

• Score: 62/100
• State rank: #749
• US rank: #16240

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homosassa, FL
• County: Citrus County · 111,314 people
• City population: 29,919
• Metro: Homosassa Springs, FL
• Population (ZIP): 10,817
• Household income: $45,916
• Rent vs Own: 14.6% rent · 85.4% own
• Severe rent burden: 113.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Black 1%
• Common ancestry: Slovak 3% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 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: ▼ -110.27%
• Current HPI: 312.4302
• 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

+173.3% since first listed

16 events — show timeline

• 2026-06-01 Listed $205,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-01-16 Price Changed $204,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-02 Price Changed $207,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-08 Price Changed $209,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-08-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-06 Price Changed $214,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-24 Price Changed $219,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-12 Price Changed $222,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-13 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-14 Sold (Public Records) $189,000 Public Records
• 2025-04-11 Sold (MLS) $179,000 RACC
• 2025-03-19 Pending — RACC
• 2025-03-14 Listed $189,000 RACC
• 2004-11-23 Sold (Public Records) $75,000 Public Records

Property tax history

-0.3%/yr

Latest (2025): $507 · +15.5% YoY. Source: county tax records.