Homosassa Springs, FL Cap Rate: 5.46% — Rental Property Analysis
Homosassa Springs is a mid-range market in the South with a small but investable metro of 50,000. At a 5.46% estimated cap rate, this is a moderate market where rents of $1,690/mo lag behind home prices. With a median home price of $270,000 and steady population growth supports long-term rental demand, Homosassa Springs offers opportunities for investors who source deals carefully.
Market data powered by Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) · Updated Feb 2026
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Moderate — source deals carefully
Based on $270,000 median price and $1,690/mo median rent
Est. Cap Rate
5.46%
1% Rule
0.63%
Fails
GRM
13.3x
Price / Income
5.3x
Market Data
Median Home Price$270,000
Median Monthly Rent$1,690
Property Tax Rate0.86%
Population50,000
Population Growth1.9% / yr
Median Household Income$50,639
Vacancy Rate5.2%
Annual Appreciation3.7%
2026 Market Update: Homosassa Springs
Homosassa Springs's 0.6% rent-to-price ratio is well below the 1% rule. At median prices of $270,000, the $1,690/mo rent produces only $1,229/mo in NOI. Investors here need to target below-median properties or pursue value-add strategies to make the numbers work.
At current rates, a 20% down conventional loan ($54K at 7%) would result in approximately $-207/mo cash flow — negative at median prices. Larger down payments, seller financing, or buying 15–25% below median are strategies to turn the numbers positive.
With 1.9% annual population growth paired with 3.7% home appreciation, Homosassa Springs offers a rare combination of current cash flow and future equity upside. The 13.3x gross rent multiplier suggests the market hasn't fully priced in this growth trajectory.
Cap Rate Calculator — Homosassa Springs
Pre-filled with Homosassa Springs medians. Adjust to match a specific property.
Property Details
$
$
3–8% typical
%
Monthly Expenses
0.86% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
4.51%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$12,169
net operating income
Gross Rent Multiplier
13.3x
Good (<15)
1% Rule
0.63%
✗ Fails
Monthly Cash Flow
$1,014
before debt service
Annual Breakdown
Gross Rental Income$20,280
Less Vacancy−$1,055
Effective Income$19,225
Less Operating Expenses−$7,056
Net Operating Income$12,169
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Factor in financing to see your actual return on invested capital in Homosassa Springs.
$
$67,500
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-5.40%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$75,600
$67,500 down + $8,100 closing
Monthly Mortgage
$1,320
on $203K loan
Monthly Cash Flow
$-340
after all expenses
Annual Cash Flow
$-4,082
before taxes
Cash Flow Breakdown
Monthly Rent$1,690
Less Expenses−$710
Less Mortgage−$1,320
Monthly Cash Flow$-340
Is Homosassa Springs a Good Place to Invest in Rental Property?
Homosassa Springs, FL has a population of 50,000 and has been growing at 1.9% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $270,000 paired with median rents of $1,690/mo produces an estimated cap rate of 5.46%.
Property taxes at 0.86% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 5.2% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 5.3x, homes cost about 5.3 times the local median income of $50,639. This moderate ratio indicates a balanced rent-vs-buy market. Home values have appreciated at roughly 3.7% annually. Above-average appreciation adds an equity component to total returns, though deals should still pencil on cash flow alone.
Bottom line: Homosassa Springs presents moderate opportunities. Cap rates near 5.46% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.
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