Plan 1908 Plan · North Weeki Wachee, FL 34613

$264,990

3 bd · 2.5 ba · 1,908 sqft · SingleFamily · 184 Days on market

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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).

• ARV discount +7.5/15.0
• Cash flow +7.1/30.0
• Schools +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• DSCR +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

* Open floor plan * Primary bedroom at rear of home for added privacy * Powder bath * Walk-in closet at primary bedroom * Designer-selected lighting fixtures * Stainless steel appliance package * Front porch * Spacious great room * Upstairs laundry room * Loft * Expansive primary suite * ENERGY STAR® certified home * Tot lot * Dog park * Commuter-friendly location * Near the ocean * Outdoor recreation nearby * Master-planned community

Key facts

• Open floor plan
• Walk-in closet
• Loft

Tags

• OPEN FLOOR PLAN
• PRIMARY BEDROOM AT REAR
• WALK-IN CLOSET
• FRONT PORCH
• UPSTAIRS LAUNDRY ROOM
• LOFT

Property features AI

Finance

• Financial info: List price $264,990

Exterior

• Home design: Single-family plan (Plan 1908); Located in Weeki Wachee, FL
• Exterior features: Living area approximately 1908

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms; 1 half bathroom (2.5 bathrooms total)
• Interior features: Plan 1908 new construction

🏗️ New construction. The $264,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $328,176.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $-468 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $260k (1.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (14.0% below list).
• Recommended offer: $228k (14.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#534 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; 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: 691 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).
• At $2,278/mo this rent would consume 47% of the median local household income ($59k/yr) (locally 307% 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 $2k of loan paydown is wiped out by about $10k 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

• It's been on market 184 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.

Recommended offer $227,828 (14.0% 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 184 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
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. 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?
7. 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.
8. 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.
9. 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: 0.69% ✗
• Cap rate: 4.58%
• Cash-on-cash: -6.11%
• DSCR: 0.73
• GRM: 12.0

CMA / ARV

• ARV (on-the-fly): $328,176
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10461 Tucker Rd	0.15mi	3/2.5	1,961 (+3%)	3mo	$295,990	$151	86
10361 Turtle Run Rd	0.06mi	4/2.0 (+1)	1,828 (-4%)	0mo	$289,990	$159	83
10398 Turtle Run Rd	0.09mi	4/2.0 (+1)	1,828 (-4%)	1mo	$315,000	$172	81
10262 Maybird Ave	0.33mi	3/2.0	1,902 (-0%)	3mo	$410,000	$216	80
10397 Turtle Run Rd	0.09mi	4/2.0 (+1)	1,828 (-4%)	3mo	$300,000	$164	80
10401 Tucker Rd	0.13mi	4/2.0 (+1)	1,828 (-4%)	2mo	$289,990	$159	78
10434 Tucker Rd	0.11mi	4/2.0 (+1)	1,828 (-4%)	4mo	$299,990	$164	77
10780 Tucker Rd	0.07mi	3/2.0	1,672 (-12%)	1mo	$287,990	$172	73
10416 Turtle Run Rd	0.11mi	3/2.0	1,672 (-12%)	3mo	$317,270	$190	70
10377 Turtle Run Rd	0.07mi	3/2.0	1,672 (-12%)	6mo	$289,990	$173	69
10444 Tucker Rd	0.11mi	3/2.0	1,672 (-12%)	6mo	$295,490	$177	67
10342 Mirage Ave	0.71mi	4/2.0 (+1)	2,120 (+11%)	3mo	$374,900	$177	39

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: -26.8%
• Equity multiple: 0.10×
• Total profit: $-82,958
• Equity at exit: $48,932

10-year hold

• IRR: -24.3%
• Equity multiple: -0.20×
• Total profit: $-110,489
• Equity at exit: $28,375

Cash invested: $91,889 (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: 691
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,278 medium
• Mortgage (P&I): −$1,721
• Tax est. 1.5%: −$410 /mo · $4,923/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $-468

Break-even live

Break-even rent $2,871

Max offer price $260,440

Occupancy floor —

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: $82,044
• Closing costs: $9,845
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9408 New Orleans Dr Weeki Wachee, FL	2.0	2.0	1650	$1,995	$1.21	24d	1	1.16mi
9376 Southern Belle Dr Weeki Wachee, FL	3.0	2.0	2028	$2,300	$1.13	1d	1	1.41mi
9376 Southern Belle Dr Weeki Wachee, FL	3.0	2.0	2028	$2,300	$1.13	5d	1	1.41mi

Listing history 14 events

1. 2026-06-18
   days on market $264,990 Active 184 DOM
2. 2026-06-17
   days on market $264,990 Active 183 DOM
3. 2026-06-16
   days on market $264,990 Active 182 DOM
4. 2026-06-15
   days on market $264,990 Active 181 DOM
5. 2026-06-13
   days on market $264,990 Active 179 DOM
6. 2026-06-13
   days on market $264,990 Active 178 DOM
7. 2026-06-09
   days on market $264,990 Active 175 DOM
8. 2026-06-08
   days on market $264,990 Active 174 DOM
9. 2026-06-07
   days on market $264,990 Active 173 DOM
10. 2026-06-04
    days on market $264,990 Active 170 DOM
11. 2026-06-03
    days on market $264,990 Active 169 DOM
12. 2026-06-02
    days on market $264,990 Active 168 DOM
13. 2026-06-01
    days on market $264,990 Active 167 DOM
14. 2026-05-31
    days on market $264,990 Active 166 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $27,339
• − Mortgage interest: −$18,383
• − Property taxes: −$4,923
• − Insurance: −$1,641
• − Repairs & maintenance: −$2,187
• − Management: −$2,187
• − Depreciation: −$9,547
• Taxable loss: −$11,528
• Est. tax savings @ 24.0%: +$2,767
• After-tax cash flow: $-2,851/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 — North Weeki Wachee

• Score: 68/100
• State rank: #534
• US rank: #10019

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Weeki Wachee, FL
• County: Hernando County · 169,677 people
• City population: 18,280
• 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