33306 Ohio Ave · Ridge Manor, FL 33523

$205,000

2 bd · 1.0 ba · 888 sqft · SingleFamily public records · 219 Days on market

Built 1957 0.49 ac lot Est $197k · at est.

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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 +21.0/30.0
• Appreciation +10.0/10.0
• DSCR +6.7/10.0
• ARV discount +5.7/15.0
• 1% rule +4.3/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

Key facts

• Shaded lot
• Large fenced yard
• Florida room

Tags

• FLORIDA ROOM
• SCREEN PORCH
• LARGE FENCED YARD
• SHADED LOT
• LIVING ROOM WITH FIREPLACE
• DINING AREA

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $288 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (7.3% below list).
• Recommended offer: $180k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#736 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety C-, employment D, amenities 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: Eastside Elementary School (math 37% / reading 32%, grade F, #1,709 of 2,144 statewide, top 81%, 737 students, 73% FRL); Hernando High School (math 42% / reading 42%, grade F, #275 of 667 statewide, top 42%, 1,299 students, 58% FRL).
• Market conditions: 295 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).

Forward outlook

• In year one you build about $22k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Hernando County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $57k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 219 days — a 12% lower offer ($180k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago; this cycle's ask has dropped $24k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $69k; list at $205k implies a 197% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $180,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 219 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 0.93% ✗
• Cap rate: 7.98%
• Cash-on-cash: 6.02%
• DSCR: 1.27
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $197,136
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
33306 Ohio Ave	0.00mi	2/1.0	888 (0%)	1mo	$197,500	$222	100
33241 Westwood Dr	0.17mi	2/1.0	1,008 (+14%)	1mo	$207,000	$205	69
33314 Ohio Ave	0.02mi	2/2.0	832 (-6%)	21mo	$215,000	$258	67
33357 Westwood Dr	0.20mi	2/2.0	1,000 (+13%)	11mo	$244,000	$244	57
33243 Pennsylvania Ave	0.27mi	3/2.0 (+1)	960 (+8%)	18mo	$211,000	$220	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.6%
• Equity multiple: 3.26×
• Total profit: $129,907
• Equity at exit: $184,680

10-year hold

• IRR: 24.9%
• Equity multiple: 7.41×
• Total profit: $367,928
• Equity at exit: $398,270

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 33523

• Home prices YoY: 3.8%
• Active inventory: 295
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,900 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$52 /mo · $628/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $288

Break-even live

Break-even rent $1,535

Max offer price $205,000

Occupancy floor 80%

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 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34807 Evergreen Way Dade City, FL	3.0	1.0	1000	$1,900	$1.90	20d	1	1.26mi

Listing history 23 events

1. 2026-04-20
   status Pending 549-char remark

   Show marketing remark (549 chars)

   Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

2. 2026-04-20
   status Pending

   Show marketing remark (549 chars)

   Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

3. 2026-03-15
   status Active
4. 2026-03-13
   status Pending
5. 2026-01-30
   price $205,000 549-char remark

   Show marketing remark (549 chars)

   Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

6. 2026-01-30
   price $205,000

   Show marketing remark (549 chars)

   Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

7. 2025-12-05
   status Active 549-char remark

   Show marketing remark (549 chars)

   Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

8. 2025-12-05
   status Active

   Show marketing remark (549 chars)

   Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

9. 2025-12-01
   status Pending

   Show marketing remark (549 chars)

   Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

10. 2025-12-01
    status Pending 549-char remark

    Show marketing remark (549 chars)

    Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

11. 2025-11-09
    listed $229,000 Active 549-char remark

    Show marketing remark (549 chars)

    Great opportunity to purchase this older well built home in perfect location to commute to Tampa, Orlando and Ocala areas. This 2/1 bath home offers a Florida room along with a 12x19 screened porch overlooking a large fenced in rear yard. This property offers a 1/2 acres shaded lot. Home offers a living room with fireplace, dining area, kitchen with wood cabinets. , Florida room with lots of windows for natural lighting, carport with attached workshop/utility room. Roof was replaced in 2019. Great starter home or perfect winter residence. l

12. 2025-09-22
    status Active
13. 2025-09-19
    status Pending
14. 2025-09-04
    listed $229,000 Active
15. 2009-07-24
    soldstatus $69,000
16. 2009-07-23
    soldstatus $69,000 604-char remark

    Show marketing remark (604 chars)

    Quaint home located in quiet residential neighborhood where spacious lawns give that country feeling of seclusion & serenity; yet within minutes from I75. Enjoy nearly a 1/2 acre of a nicely manicured fenced lawn. Trees in the front provide shade & privacy, while the backyard is open, spacious & completely fenced. Inside, the brick, wood burning fireplace is the heart of the home. A newer 12x19 florida room has slding windows/screens. An additional room (11'x19')spanning the side of the home is adjacent to the carport - could be an office/den. Home is immaculate & ready to move in.

17. 2009-06-30
    listed $69,000 604-char remark

    Show marketing remark (604 chars)

    Quaint home located in quiet residential neighborhood where spacious lawns give that country feeling of seclusion & serenity; yet within minutes from I75. Enjoy nearly a 1/2 acre of a nicely manicured fenced lawn. Trees in the front provide shade & privacy, while the backyard is open, spacious & completely fenced. Inside, the brick, wood burning fireplace is the heart of the home. A newer 12x19 florida room has slding windows/screens. An additional room (11'x19')spanning the side of the home is adjacent to the carport - could be an office/den. Home is immaculate & ready to move in.

18. 2008-12-31
    historical
19. 2007-11-15
    listed $149,900
20. 2007-11-14
    historical
21. 2007-06-07
    listed $168,900
22. 1994-08-01
    soldstatus $48,000
23. 1989-03-01
    soldstatus $38,500

ⓘ 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: $628 · $52/mo
• Projected year-2 tax: $1,702 · $142/mo
• Expected delta: +$1,073/yr (+$89/mo · 170.9%)

ⓘ 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 · 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: $22,800
• − Mortgage interest: −$11,483
• − Property taxes: −$628
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − Depreciation: −$5,964
• Taxable income: $52
• Est. tax owed @ 24.0%: −$12
• After-tax cash flow: $3,446/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 — Ridge Manor

• Score: 63/100
• State rank: #736
• US rank: #15912

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridge Manor, FL
• Population (ZIP): 19,296

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 57% Hispanic / Latino 28% Black 10% Two or more races 10% Native American 3% Asian 1%
• Hispanic origin (detail): Mexican 21% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 5% Slovak 1% Romanian 1%
• Foreign-born: 13% · Canada, China, Jamaica
• Languages at home: 75% English-only · Spanish 21% Other Indo-European 2% Chinese 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: ▲ 16.36%
• Current HPI: 448.7
• Rent YoY: —
• Metro: —
• 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

+432.5% since first listed

23 events — show timeline

• 2026-04-20 Pending — HCAR
• 2026-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Price Changed $205,000 HCAR
• 2026-01-30 Price Changed $205,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-05 Relisted — HCAR
• 2025-12-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-01 Pending — HCAR
• 2025-11-09 Listed $229,000 HCAR
• 2025-09-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-09-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-09-04 Listed $229,000 Stellar MLS as Distributed by MLS Grid
• 2009-07-24 Sold (Public Records) $69,000 Public Records
• 2009-07-23 Sold (MLS) $69,000 HCAR
• 2009-06-30 Listed $69,000 HCAR
• 2008-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-11-15 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2007-11-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-06-07 Listed $168,900 Stellar MLS as Distributed by MLS Grid
• 1994-08-01 Sold (Public Records) $48,000 Public Records
• 1989-03-01 Sold (Public Records) $38,500 Public Records

Property tax history

+5.4%/yr

Latest (2025): $628 · +0.9% YoY. Source: county tax records.