2580 N Bucknell Ter · Hernando, FL 34442

$225,000

3 bd · 2.0 ba · 1,372 sqft · SingleFamily public records · 70 Days on market

Built 1960 0.62 ac lot Est $225k · 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 +21.3/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +4.3/10.0
• 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

Don't pass the buck on this 3 bedroom, 2 bath home on Bucknell Terrace in Hernando! Full of updates including fresh paint, new appliances, light fixtures, and lots more! Cozy living room, spacious bedrooms, enclosed porch, storage shed - the list goes on - all on a lot shaded by trees. Located close to area amenities. A must-see at a great price - this one won't last long! Inquire today!

Key facts

• Double lot
• Large storage shed
• 0.62 acre lot

Tags

• DOUBLE LOT
• LARGE STORAGE SHED
• REVERSE OSMOSIS SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $328 ($4k/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 $209k (7.1% below list).
• Recommended offer: $209k (7.1% below list) — sets the bar for 1% rule.
• Cap rate 8.0% 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).
• This rent runs 44% 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 $2k of loan paydown is wiped out by about $7k 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 70 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago; this cycle's ask has dropped $14k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $225k implies a 289% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $209,119 (7.1% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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: 0.93% ✗
• Cap rate: 8.04%
• Cash-on-cash: 6.24%
• DSCR: 1.28
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $225,008
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2580 N Bucknell Ter	0.00mi	3/2.0	1,372 (0%)	1mo	$225,000	$164	99
2600 N Bucknell Ter	0.02mi	3/2.0	1,523 (+11%)	1mo	$125,000	$82	80
4880 E Harvard Dr	0.30mi	3/2.0	1,437 (+5%)	13mo	$270,000	$188	67
4785 E Amherst St	0.12mi	3/1.5	1,512 (+10%)	16mo	$61,000	$40	62
4980 E Rugby Trl	0.56mi	2/2.0 (-1)	1,286 (-6%)	6mo	$199,000	$155	54
2895 N Tomberlin Pt	0.45mi	3/2.0	1,559 (+14%)	4mo	$469,500	$301	53
4015 E Parsons Point Rd	0.67mi	2/2.0 (-1)	1,348 (-2%)	11mo	$385,000	$286	52
3025 N Edwards Island Pt	0.44mi	2/2.0 (-1)	1,331 (-3%)	22mo	$375,000	$282	51
4875 E Fordham Pl	0.38mi	3/2.0	1,500 (+9%)	22mo	$190,000	$127	49
2861 N Wheaton Pt	0.46mi	3/2.0	1,568 (+14%)	18mo	$190,000	$121	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: -6.7%
• Equity multiple: 0.75×
• Total profit: $-15,706
• Equity at exit: $33,548

10-year hold

• IRR: 2.8%
• Equity multiple: 1.20×
• Total profit: $12,742
• Equity at exit: $19,454

Cash invested: $63,000 (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 34442

• Home prices YoY: -21.9%
• Active inventory: 444
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,091 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$51 /mo · $610/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $328

Break-even live

Break-even rent $1,677

Max offer price $225,000

Occupancy floor 79%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4855 E Princeton Ln Hernando, FL	4.0	2.0	1662	$2,000	$1.20	21d	1	0.25mi
4865 E Princeton Ln Hernando, FL	4.0	2.0	1662	$2,000	$1.20	21d	1	0.25mi
2675 N Canterbury Lake Dr Hernando, FL	3.0	2.0	1855	$2,000	$1.08	21d	1	1.39mi

Listing history 9 events

1. 2026-04-27
   status Pending
2. 2026-03-30
   price $225,000
3. 2026-02-16
   listed $239,000 Active
4. 2016-03-31
   soldstatus $57,900 391-char remark

   Show marketing remark (391 chars)

   Don't pass the buck on this 3 bedroom, 2 bath home on Bucknell Terrace in Hernando! Full of updates including fresh paint, new appliances, light fixtures, and lots more! Cozy living room, spacious bedrooms, enclosed porch, storage shed - the list goes on - all on a lot shaded by trees. Located close to area amenities. A must-see at a great price - this one won't last long! Inquire today!

5. 2015-11-30
   listed $59,900 391-char remark

   Show marketing remark (391 chars)

   Don't pass the buck on this 3 bedroom, 2 bath home on Bucknell Terrace in Hernando! Full of updates including fresh paint, new appliances, light fixtures, and lots more! Cozy living room, spacious bedrooms, enclosed porch, storage shed - the list goes on - all on a lot shaded by trees. Located close to area amenities. A must-see at a great price - this one won't last long! Inquire today!

6. 2001-11-15
   soldstatus $59,000
7. 2000-12-20
   soldstatus $45,000
8. 1992-12-01
   soldstatus $45,000
9. 1982-01-01
   soldstatus $38,000

ⓘ 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: $610 · $51/mo
• Projected year-2 tax: $1,868 · $156/mo
• Expected delta: +$1,258/yr (+$105/mo · 206.4%)

ⓘ 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 6/10 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: $25,094
• − Mortgage interest: −$12,603
• − Property taxes: −$610
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,008
• − Management: −$2,008
• − Depreciation: −$6,545
• Taxable income: $196
• Est. tax owed @ 24.0%: −$47
• After-tax cash flow: $3,884/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

+492.1% since first listed

9 events — show timeline

• 2026-04-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Listed $239,000 Stellar MLS as Distributed by MLS Grid
• 2016-03-31 Sold (MLS) $57,900 RACC
• 2015-11-30 Listed $59,900 RACC
• 2001-11-15 Sold (Public Records) $59,000 Public Records
• 2000-12-20 Sold (Public Records) $45,000 Public Records
• 1992-12-01 Sold (Public Records) $45,000 Public Records
• 1982-01-01 Sold (Public Records) $38,000 Public Records

Property tax history

+1.9%/yr

Latest (2025): $610 · +9.8% YoY. Source: county tax records.