34924 Talisman St · Ridge Manor, FL 33523

$99,000

2 bd · 2.0 ba · 864 sqft · Manufactured public records · 96 Days on market

Built 1986 8,354 sqft lot Est $110k · 10% under ↓ 31% since listing

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +11.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Schools +4.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Virtually Staged. Investor-friendly opportunity! Lovely and tastefully updated 3-bedroom, 2-bathroom home situated on a large corner lot with NO lot rent and no HOA. The entire home features updated vinyl plank flooring throughout. The kitchen is equipped with wood cabinetry, granite countertops, and stainless steel appliances. Both bathrooms have been updated with ceramic tile shower walls and modern vanities. Recent capital improvements include a new wooden deck, a new well pump (installed in 2022), a new HVAC system (installed in 2022), and a new water heater (installed in 2022) — all of which The coverededuced maintenance costs for the next owner. Covered front porch with ramp acc

Key facts

• Modern vanities
• Wood cabinetry
• Granite countertops

Tags

• UPDATED VINYL PLANK FLOORING
• WOOD CABINETRY
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• CERAMIC TILE SHOWER WALLS
• MODERN VANITIES

Property features AI

Finance

• Other: Homestead exempt; Unfurnished; Number of wells: 1; Number of septics: 1
• HOA & community: No association

Exterior

• Utilities: Well water; Septic tank; Broadband/high-speed internet available; Cable available; Electricity available
• Home design: Residential manufactured home (double wide); One story; North-facing
• Construction: Frame construction; Metal roof; Pillar/Post/Pier foundation; Built as a double wide manufactured home
• Exterior features: Corner lot; Paved road access; 0.19 acre lot; 0 to less than 1/4 acre

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Stone counters
• Laundry & utility: Washer; Dryer; Electric water heater; Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $99k.

Deal economics

• At list price, monthly cash flow is $409 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $90k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.4% vs local median 4.3% in Ridge Manor — 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 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; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,505 units permitted in Hernando County in 2024 (318 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($684 loan paydown + $10k 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 $28k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($90k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 4y ago; this cycle's ask has dropped $31k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,090 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.93% ✓
• Cap rate: 16.42%
• Cash-on-cash: 36.15%
• DSCR: 2.61
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $109,728
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
34934 Punch Rd	0.22mi	2/2.0	924 (+7%)	5mo	$65,000	$70	74
34929 Fraser St	0.55mi	2/2.0	900 (+4%)	11mo	$153,000	$170	58
34876 Major Dade Dr	0.42mi	2/2.0	924 (+7%)	16mo	$117,500	$127	56
35117 Cheshire St	0.54mi	3/1.0 (+1)	828 (-4%)	4mo	$125,000	$151	56
34928 Hawkiowa Rd	0.58mi	2/1.5	784 (-9%)	1mo	$82,000	$105	55

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: 37.5%
• Equity multiple: 3.89×
• Total profit: $80,228
• Equity at exit: $89,187

10-year hold

• IRR: 32.4%
• Equity multiple: 8.81×
• Total profit: $216,358
• Equity at exit: $192,335

Cash invested: $27,720 (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 33523

• Home prices YoY: 3.8%
• Active inventory: 295
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,911 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$114 /mo · $1,370/yr
• Insurance: −$41
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $409

Break-even live

Break-even rent $1,394

Max offer price $99,000

Occupancy floor 74%

Sensitivity live

Price	-10% $465	-5% $437	+0% $409	+5% $381	+10% $353
Rent	-10% $258	-5% $333	+0% $409	+5% $484	+10% $560
Rate	-1.0pp $458	-0.5pp $434	base $409	+0.5pp $383	+1.0pp $357

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34934 Punch Rd Dade City, FL	2.0	2.0	924	$1,550	$1.68	25d	1	0.23mi
34807 Evergreen Way Dade City, FL	3.0	1.0	1000	$1,900	$1.90	21d	1	1.49mi
34807 Evergreen Way Unit 1571614P Ridge Manor, FL	3.0	1.0	1076	$4,669	$4.34	0d	1	1.49mi

Listing history 34 events

1. 2026-06-21
   days on market $99,000 Active 96 DOM
2. 2026-06-18
   days on market $99,000 Active 93 DOM
3. 2026-06-17
   days on market $99,000 Active 92 DOM
4. 2026-06-16
   days on market $99,000 Active 91 DOM
5. 2026-06-16
   pricestatus $99,000 Active 90 DOM
6. 2026-05-06
   status Pending
7. 2026-03-25
   price $119,900
8. 2026-03-08
   price $124,900
9. 2026-02-05
   listed $129,900 Active
10. 2025-11-30
    historical
11. 2025-05-28
    price $129,900
12. 2025-05-11
    listed $139,000 Active
13. 2024-01-02
    historical
14. 2023-12-10
    price $162,500
15. 2023-07-03
    status Active
16. 2023-06-30
    historical
17. 2023-06-09
    status Active
18. 2023-04-30
    status Pending
19. 2023-04-23
    status Active
20. 2023-04-14
    status Pending
21. 2023-01-25
    listed $164,900 Active
22. 2022-04-25
    soldstatus $149,900
23. 2022-04-15
    soldstatus $149,900 Closed
24. 2022-04-15
    soldstatus $149,900
25. 2022-04-15
    soldstatus $149,900 Closed
26. 2022-03-28
    status Pending
27. 2022-03-26
    status Active
28. 2022-02-24
    status Pending
29. 2022-02-16
    status Pending
30. 2022-02-04
    price $149,900
31. 2022-02-04
    price $149,900
32. 2022-02-03
    listed $175,000 Active
33. 2022-02-03
    listed $149,900
34. 2022-02-01
    listed $175,000 Active

ⓘ 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: $1,370 · $114/mo
• Projected year-2 tax: $1,370 · $114/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 AE · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 24 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: $22,933
• − Mortgage interest: −$5,546
• − Property taxes: −$1,370
• − Insurance: −$5,614
• − Repairs & maintenance: −$1,835
• − Management: −$1,835
• − Depreciation: −$2,880
• Taxable income: $3,854
• Est. tax owed @ 24.0%: −$925
• After-tax cash flow: $3,978/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

-31.5% since first listed

29 events — show timeline

• 2026-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-08 Price Changed $124,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-05 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-28 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2025-05-11 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-12-10 Price Changed $162,500 Stellar MLS as Distributed by MLS Grid
• 2023-07-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-06-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-06-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-04-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-04-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-04-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-01-25 Listed $164,900 Stellar MLS as Distributed by MLS Grid
• 2022-04-25 Sold (Public Records) $149,900 Public Records
• 2022-04-15 Sold (MLS) $149,900 Stellar MLS as Distributed by MLS Grid
• 2022-04-15 Sold (MLS) $149,900 St. Augustine and St. Johns County Board of REALTORS®
• 2022-04-15 Sold (MLS) $149,900 HCAR
• 2022-03-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-03-26 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-02-24 Pending — HCAR
• 2022-02-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-04 Price Changed $149,900 HCAR
• 2022-02-04 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2022-02-03 Listed $149,900 St. Augustine and St. Johns County Board of REALTORS®
• 2022-02-03 Listed $175,000 HCAR
• 2022-02-01 Listed $175,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.7%/yr

Latest (2025): $1,370 · -6.4% YoY. Source: county tax records.