8024 Fairlane Ave · High Point, FL 34613

$150,000

2 bd · 2.0 ba · 736 sqft · Manufactured public records · 3 Days on market

Built 1985 6,000 sqft lot Est $122k · 23% over $46/mo HOA · 3% of rent

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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 +22.9/30.0
• DSCR +7.4/10.0
• 1% rule +5.3/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

Key facts

• Pickleball courts
• Community center
• 55 community

Tags

• 55 COMMUNITY
• GOLF COURSE
• POOL
• PICKLEBALL COURTS
• SHUFFLEBOARD
• COMMUNITY CENTER

Property features AI

Finance

• Other: Total acreage under 1/4 acre (approx. 0.14 acre)
• Financial info: Lease restrictions apply
• HOA & community: Monthly HOA $46 (includes pool and recreational facilities); Association requires approval; Association amenities include golf course; Senior community; Buyer approval required; Golf carts allowed; Pets allowed (cats and dogs)

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Public sewer; Public utilities
• Home design: Manufactured double-wide home; Single-story; Faces south; Homestead eligible
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Completed condition
• Exterior features: Landscaped lot; Asphalt road access; In-ground pool

Interior

• Kitchen: Convection oven; Dishwasher; Refrigerator; Solid surface counters
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Solid surface counters; Convection oven; Dishwasher; Refrigerator
• Laundry & utility: Dedicated laundry room; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 8.4% vs local median 5.8% in High Point — 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 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-, schools F, 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.
• Market conditions: 695 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).
• This rent runs 32% 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 $1k of loan paydown is wiped out by about $4k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 10 sale attempts since 23y 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; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.03% ✓
• Cap rate: 8.40%
• Cash-on-cash: 7.54%
• DSCR: 1.34
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $122,176
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7538 Fairlane Ave	0.18mi	2/1.0	720 (-2%)	8mo	$112,000	$156	77
7540 Western Circle Dr	0.15mi	2/1.0	768 (+4%)	13mo	$130,000	$169	71
7526 Highpoint Blvd	0.25mi	2/2.0	768 (+4%)	14mo	$122,000	$159	69
8114 Western Circle Dr	0.15mi	2/1.0	784 (+6%)	13mo	$130,000	$166	67
8348 Highpoint Blvd	0.43mi	2/2.0	805 (+9%)	4mo	$143,000	$178	61
8479 Highpoint Blvd	0.65mi	2/2.0	736 (0%)	11mo	$120,000	$163	61
7252 Fairlane Ave	0.56mi	2/2.0	696 (-5%)	14mo	$113,000	$162	54
7174 Fairlane Ave	0.61mi	2/2.0	660 (-10%)	12mo	$120,000	$182	44
8338 Yellow Pine Ave #8338	0.59mi	2/1.0	672 (-9%)	17mo	$138,000	$205	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: -4.8%
• Equity multiple: 0.82×
• Total profit: $-7,531
• Equity at exit: $22,365

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $14,978
• Equity at exit: $12,969

Cash invested: $42,000 (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 34613

• Home prices YoY: -17.2%
• Active inventory: 695
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,550 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$66 /mo · $787/yr
• Insurance: −$62
• HOA: −$46
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $264

Break-even live

Break-even rent $1,216

Max offer price $150,000

Occupancy floor 78%

Sensitivity live

Price	-10% $349	-5% $306	+0% $264	+5% $221	+10% $179
Rent	-10% $141	-5% $203	+0% $264	+5% $325	+10% $386
Rate	-1.0pp $339	-0.5pp $302	base $264	+0.5pp $225	+1.0pp $185

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7513 Highpoint Blvd Brooksville, FL	2.0	1.0	672	$1,150	$1.71	25d	1	0.21mi
7402 Eastern Circle Dr Brooksville, FL	2.0	1.0	720	$1,200	$1.67	25d	1	0.96mi

HOA detail

• Monthly dues: $46 · $552/yr
• Likely covers: pool

Listing history 28 events

1. 2026-05-22
   status Pending
2. 2026-05-19
   listed $150,000 Active
3. 2023-04-10
   soldstatus $133,000
4. 2023-03-24
   soldstatus $133,000 Closed 688-char remark

   Show marketing remark (687 chars)

   MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

5. 2023-03-24
   soldstatus $133,000 687-char remark

   Show marketing remark (687 chars)

   MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

6. 2023-03-14
   status Pending 688-char remark

   Show marketing remark (688 chars)

   MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

7. 2023-03-07
   status Active 688-char remark

   Show marketing remark (688 chars)

   MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

8. 2023-02-18
   historical Active Under Contract - Accepting Back Up Offers 688-char remark

   Show marketing remark (688 chars)

   MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

9. 2023-02-14
   listed $134,900 Active 688-char remark

   Show marketing remark (687 chars)

   MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

10. 2023-02-14
    listed $134,900 687-char remark

    Show marketing remark (687 chars)

    MOVE-IN READY AND FULLY FURNISHED!!! Meticulously maintained home in PRISTINE CONDITION and PRICED TO SELL!!! Absolutely splendid, with lots of updates throughout, this cutie features a glorious eat-in kitchen with beautiful counters and tons of cabinets space; roomy bedrooms with updated bathrooms and beautiful hand-painted murals (wow!!), large family room/sun room plus a spacious workshop leading out into the backyard. So much to see and do here in sought-after 55+ High Point Community where you OWN YOUR OWN LAND and have access to Tennis Courts, Community Clubhouse, Pool, Shuffleboards, and all other fun activities!! CALL TO SCHEDULE YOUR SHOWING. .. AND MAKE AN OFFER TODAY!

11. 2021-12-22
    soldstatus $101,500
12. 2021-12-17
    soldstatus $101,500 Closed
13. 2021-12-17
    soldstatus $101,500 Closed
14. 2021-12-17
    soldstatus $101,500
15. 2021-12-03
    status Pending
16. 2021-12-02
    listed $98,900 Active
17. 2021-12-02
    listed $98,900 Active
18. 2021-12-02
    listed $98,900
19. 2019-12-04
    soldstatus $80,000
20. 2019-11-27
    soldstatus $80,000
21. 2019-11-27
    soldstatus $80,000
22. 2019-10-18
    listed $84,500
23. 2019-10-18
    listed $84,500
24. 2004-01-20
    soldstatus $38,000
25. 2003-12-29
    soldstatus $38,000
26. 2003-11-20
    listed $39,900
27. 1999-01-07
    soldstatus $40,000
28. 1994-02-28
    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: $787 · $66/mo
• Projected year-2 tax: $1,245 · $104/mo
• Expected delta: +$458/yr (+$38/mo · 58.2%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 23 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: $18,599
• − Mortgage interest: −$8,402
• − Property taxes: −$787
• − Insurance: −$750
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − HOA: −$552
• − Depreciation: −$4,364
• Taxable income: $768
• Est. tax owed @ 24.0%: −$184
• After-tax cash flow: $2,981/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

+294.7% since first listed

28 events — show timeline

• 2026-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-10 Sold (Public Records) $133,000 Public Records
• 2023-03-24 Sold (MLS) $133,000 St. Augustine and St. Johns County Board of REALTORS®
• 2023-03-24 Sold (MLS) $133,000 HCAR
• 2023-03-14 Pending — HCAR
• 2023-03-07 Relisted — HCAR
• 2023-02-18 Contingent — HCAR
• 2023-02-14 Listed $134,900 St. Augustine and St. Johns County Board of REALTORS®
• 2023-02-14 Listed $134,900 HCAR
• 2021-12-22 Sold (Public Records) $101,500 Public Records
• 2021-12-17 Sold (MLS) $101,500 St. Augustine and St. Johns County Board of REALTORS®
• 2021-12-17 Sold (MLS) $101,500 Stellar MLS as Distributed by MLS Grid
• 2021-12-17 Sold (MLS) $101,500 HCAR
• 2021-12-03 Pending — HCAR
• 2021-12-02 Listed $98,900 St. Augustine and St. Johns County Board of REALTORS®
• 2021-12-02 Listed $98,900 Stellar MLS as Distributed by MLS Grid
• 2021-12-02 Listed $98,900 HCAR
• 2019-12-04 Sold (Public Records) $80,000 Public Records
• 2019-11-27 Sold (MLS) $80,000 St. Augustine and St. Johns County Board of REALTORS®
• 2019-11-27 Sold (MLS) $80,000 HCAR
• 2019-10-18 Listed $84,500 St. Augustine and St. Johns County Board of REALTORS®
• 2019-10-18 Listed $84,500 HCAR
• 2004-01-20 Sold (Public Records) $38,000 Public Records
• 2003-12-29 Sold (MLS) $38,000 HCAR
• 2003-11-20 Listed $39,900 HCAR
• 1999-01-07 Sold (Public Records) $40,000 Public Records
• 1994-02-28 Sold (Public Records) $38,000 Public Records

Property tax history

+4.6%/yr

Latest (2025): $787 · +1.3% YoY. Source: county tax records.