| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 57th | Best |
| Demographics | 30th | Poor |
| Amenities | 37th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 1275 N Rainbow Loop, Lecanto, FL, 34461, US |
| Region / Metro | Lecanto |
| Year of Construction | 1981 |
| Units | 30 |
| Transaction Date | 2006-02-01 |
| Transaction Price | $2,717,000 |
| Buyer | MENDOTA PROPERTIES LLC |
| Seller | NEW VUE LLC |
1275 N Rainbow Loop, Lecanto FL Multifamily Investment
Neighborhood occupancy trends and a growing 3-mile renter pool point to durable leasing potential, according to WDSuite s CRE market data. The 1981 vintage suggests value-add and systems modernization opportunities to enhance competitiveness.
Positioned in a rural pocket of the Homosassa Springs, FL metro, the neighborhood is competitive among metro peers (ranked 15 of 50) and sits above the metro median, based on WDSuite s CRE market data. Neighborhood occupancy tracks in the mid-80s, supporting baseline stability for well-managed multifamily assets.
Livability reflects low-density dynamics: limited cafes and parks nearby, with modest access to groceries and pharmacies. For investors, this favors properties that deliver on-site convenience and reliable maintenance, as residents often value straightforward access and service over walkable retail in similar rural settings.
Tenure patterns show a relatively small share of renter-occupied housing at the neighborhood level, which can limit immediate depth but also reduces direct competition. Within a 3-mile radius, population and households are projected to expand meaningfully by 2028, alongside an expected increase in the renter-occupied share of housing. This points to a larger tenant base over time and supports occupancy resilience for functional units.
Home values in the neighborhood read as a high-cost ownership market relative to local incomes (value-to-income ratio is strong nationally), which tends to sustain reliance on rental options. For operators, that can translate into steadier retention and measured pricing power, provided rent-to-income levels remain manageable and customer service supports renewals.
Safety signals are mixed but generally comparable to broader U.S. patterns. Overall crime performance sits around the metro median (ranked 24 of 50) and near the national middle. Recent data show a notable improvement in violent-offense trends while property-offense rates have seen a slight uptick, according to WDSuite s CRE market data. For investors, this suggests monitoring property security and lighting as standard risk management, rather than a need for specialized interventions.
Regional employment access is oriented toward commute corridors, with proximity to a major environmental services employer that can support steady workforce housing demand.
- Waste Management D industry: environmental services (37.9 miles)
1275 N Rainbow Loop is a 30-unit, 1981-vintage asset in a rural neighborhood that ranks above the metro median for overall performance among 50 Homosassa Springs neighborhoods. Neighborhood occupancy is in the mid-80s, and 3-mile demand drivers point to population and household growth, supporting a larger tenant base and steady lease-up for functional, competitively positioned units, based on commercial real estate analysis from WDSuite.
The 1981 construction is older than the neighborhood s average vintage, creating a clear value-add path through targeted renovations and systems updates. With ownership costs relatively high versus local incomes, rental housing remains a practical option for many households, which can reinforce retention when rents are kept within sustainable rent-to-income ranges.
- Neighborhood stands above metro median (15 of 50), supporting investor confidence in location fundamentals.
- 3-mile population and household growth expand the renter pool, aiding occupancy stability.
- 1981 vintage presents value-add potential via interior and systems modernization.
- Ownership costs versus incomes favor sustained renter reliance, supporting retention if pricing stays within local affordability.
- Risks: limited walkable amenities and mixed safety indicators warrant active asset management and tenant service.