5719 W Stockholm Ln · Citrus Springs, FL 34433

$199,000

3 bd · 2.0 ba · 1,404 sqft · Manufactured public records · 50 Days on market

Built 2004 2.65 ac lot Est $237k · 16% under

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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 +20.2/30.0
• ARV discount +14.8/15.0
• DSCR +6.4/10.0
• 1% rule +5.1/10.0
• Schools +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +1.8/10.0

Listing remarks MLS

Great 2.5 acre lot with the pave road access, in the Mini Farms. Nicely Treed

Key facts

• 2.65 acre lot
• Built 2004
• Listed 50 days

Property features AI

Finance

• Other: No CDD; Unfurnished; No lease restrictions

Exterior

• Utilities: Public water; Public utilities; Sewer: Other
• Home design: Residential manufactured double wide; Single-story; Faces west; Entry level: One
• Construction: Vinyl siding; Shingle roof; Crawlspace foundation; Built on a 2.65-acre lot
• Exterior features: Other exterior features; Asphalt road access

Interior

• Kitchen: Appliances: Other
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan
• Laundry & utility: Laundry features: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $199k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $193k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 5.1% in Citrus Springs — 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 68/100 on livability (#521 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, health & safety C-, 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: 642 active listings in the ZIP; 2,443 units permitted in Citrus County in 2024 (0 in 5+ unit buildings).

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.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 23y ago; this cycle's ask has dropped $41k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $13k; list at $199k implies a 1431% 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; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,030 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.01% ✓
• Cap rate: 7.81%
• Cash-on-cash: 5.41%
• DSCR: 1.24
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $237,276
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5728 W Dunklin St #21	0.28mi	3/2.0	1,404 (0%)	7mo	$295,000	$210	81
5728 W Dunklin St	0.27mi	3/2.0	1,404 (0%)	7mo	$295,000	$210	81
8159 N Dacca Ter	0.55mi	3/2.0	1,475 (+5%)	8mo	$245,900	$167	59
8733 N Windbreak Ter	0.49mi	3/2.0	1,475 (+5%)	16mo	$249,999	$169	56
5285 W Joliet Ln	0.60mi	3/2.0	1,475 (+5%)	13mo	$254,999	$173	53
5284 W Opaline St	0.62mi	3/2.0	1,475 (+5%)	12mo	$254,999	$173	52
5221 W Joliet Ln	0.64mi	3/2.0	1,475 (+5%)	12mo	$249,999	$169	52
5228 W Opaline Ln	0.67mi	3/2.0	1,475 (+5%)	12mo	$250,000	$169	50
8531 N Calcutta Ave	0.72mi	3/2.0	1,475 (+5%)	20mo	$249,999	$169	41

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: -7.9%
• Equity multiple: 0.71×
• Total profit: $-16,244
• Equity at exit: $29,672

10-year hold

• IRR: 1.6%
• Equity multiple: 1.12×
• Total profit: $6,476
• Equity at exit: $17,206

Cash invested: $55,720 (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 34433

• Home prices YoY: -1.8%
• Active inventory: 642
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,007 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$208 /mo · $2,498/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $251

Break-even live

Break-even rent $1,689

Max offer price $199,000

Occupancy floor 82%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $199,000 Active 50 DOM
2. 2026-06-18
   days on market $199,000 Active 49 DOM
3. 2026-06-17
   days on market $199,000 Active 48 DOM
4. 2026-06-16
   days on market $199,000 Active 47 DOM
5. 2026-06-15
   days on market $199,000 Active 46 DOM
6. 2026-06-14
   days on market $199,000 Active 44 DOM
7. 2026-06-13
   pricedays on market $199,000 Active 43 DOM
8. 2026-06-09
   days on market $209,000 Active 40 DOM
9. 2026-06-08
   days on market $209,000 Active 39 DOM
10. 2026-06-07
    days on market $209,000 Active 38 DOM
11. 2026-06-03
    pricedays on market $209,000 Active 34 DOM
12. 2026-06-02
    days on market $219,000 Active 33 DOM
13. 2026-06-01
    days on market $219,000 Active 32 DOM
14. 2026-05-31
    days on market $219,000 Active 31 DOM
15. 2026-05-30
    days on market $219,000 Active 30 DOM
16. 2026-05-21
    price $229,000
17. 2026-05-20
    price $239,000
18. 2026-04-30
    listed $240,000 Active
19. 2003-12-22
    soldstatus $13,000 77-char remark

    Show marketing remark (77 chars)

    Great 2.5 acre lot with the pave road access, in the Mini Farms. Nicely Treed

20. 2003-06-27
    listed $13,000 77-char remark

    Show marketing remark (77 chars)

    Great 2.5 acre lot with the pave road access, in the Mini Farms. Nicely Treed

ⓘ 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: $2,498 · $208/mo
• Projected year-2 tax: $2,498 · $208/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 9/10 Extreme 6 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,089
• − Mortgage interest: −$11,147
• − Property taxes: −$2,498
• − Insurance: −$995
• − Repairs & maintenance: −$1,927
• − Management: −$1,927
• − Depreciation: −$5,789
• Taxable loss: −$195
• Est. tax savings @ 24.0%: +$47
• After-tax cash flow: $3,061/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 — Citrus Springs

• Score: 68/100
• State rank: #521
• US rank: #9598

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

• City population: 10,730
• Population (ZIP): 8,218

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 13% Two or more races 13%
• Hispanic origin (detail): Puerto Rican 6% Cuban 1%
• Common ancestry: Italian 2% Romanian 2% Lithuanian 1%
• Foreign-born: 9% · Canada
• Languages at home: 90% English-only · Spanish 9% Other Indo-European 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: ▼ -6.35%
• Current HPI: 340.9844
• 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

+1661.5% since first listed

5 events — show timeline

• 2026-05-21 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-20 Price Changed $239,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Listed $240,000 Stellar MLS as Distributed by MLS Grid
• 2003-12-22 Sold (MLS) $13,000 RACC
• 2003-06-27 Listed $13,000 RACC

Property tax history

+16.2%/yr

Latest (2025): $2,498 · +6.4% YoY. Source: county tax records.