11 Spruce Ln · Silver Springs Shores, FL 34472

$271,000

3 bd · 2.0 ba · 1,464 sqft · SingleFamily public records · 20 Days on market

Built 2025 10,454 sqft lot Est $275k · at est. ↓ 11% since listing

---

Why this score? — see what drove the D 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 +9.3/30.0
• ARV discount +8.2/15.0
• Appreciation +8.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0

Listing remarks

New Home for Sale in Ocala – The Ultimate in Comfort and Location! This stunning Ocala home offers an exceptional living experience, combining modern design, convenience, and an unbeatable location. This property is a true gem with immense long-term appreciation potential. Whether you’re looking for a family home or a solid investment, this home has it all! With 3 generously spacious bedrooms and 2 modern and stylish bathrooms, this home offers the perfect space for relaxation and comfort. The master suite is a true retreat, with a large walk-in closet for all your storage needs. Step outside to your charming covered terrace, offering the ideal space to relax while enjoying the

Key facts

• Covered terrace
• Automatic gate
• Landscaped garden

Tags

• COVERED TERRACE
• LANDSCAPED GARDEN
• LUXURIOUS QUARTZ COUNTERTOPS
• FULLY EQUIPPED LAUNDRY ROOM
• WATER-RESISTANT VINYL FLOORING
• AUTOMATIC GATE

Property features AI

Finance

• Other: Property type: Residential, single family; Zoning: R1; Lot approximately 0.24 acres (0 to less than 1/4); Asphalt road access; Living area about 1450 sq ft (public records); Building area about 2032 sq ft (public records); Permit number: 2023121343; Builder license number: CGC1509635; Universal property ID present
• HOA & community: Street lights in community; Pets allowed

Exterior

• Parking: Attached garage with 2 spaces; Garage door opener
• Utilities: Public water; Septic tank; Electricity available; Water available; Sewer available
• Home design: Single family residence; One story; South-facing; New construction; Completed condition
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built by DGC Development Corp
• Exterior features: Covered front porch; Exterior lighting; Sidewalk

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Solid wood cabinets; Stone counters; Thermostat; In-wall pest system; Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $271k.

Deal economics

• At list price, monthly cash flow is $-200 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $236k (13.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (35.0% below list).
• Recommended offer: $176k (35.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#527 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime C-, employment D, amenities F.
• Marion (rural): math 42% / reading 43% proficiency, ranked #61 of 73 in FL (top 84%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Emerald Shores Elementary School (math 30% / reading 34%, grade F, #1,797 of 2,144 statewide, top 86%, 666 students, 74% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Forest High School (math 36% / reading 54%, grade D-, #228 of 667 statewide, top 35%, 2,325 students, 42% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: Rents flat; 683 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 33% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $18k of equity ($2k loan paydown + $16k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 3, paydown + projected appreciation supports a ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($267k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,216 (35.0% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.65% ✗
• Cap rate: 5.41%
• Cash-on-cash: -3.17%
• DSCR: 0.86
• GRM: 12.8

CMA / ARV

• ARV (on-the-fly): $275,232
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17 Oak Trl	0.56mi	3/2.0	1,453 (-1%)	21mo	$285,400	$196	55
23 Oak Pass Loop	0.59mi	3/2.0	1,557 (+6%)	11mo	$269,000	$173	53
21 Holly Rd	0.69mi	3/2.0	1,471 (+0%)	18mo	$279,900	$190	52
42 Olive Dr	0.72mi	3/2.0	1,336 (-9%)	2mo	$196,000	$147	50
200 Oak Lane Cir	0.71mi	3/2.0	1,331 (-9%)	3mo	$249,900	$188	49

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 11.7%
• Equity multiple: 1.78×
• Total profit: $59,366
• Equity at exit: $169,208

10-year hold

• IRR: 11.9%
• Equity multiple: 3.32×
• Total profit: $175,796
• Equity at exit: $305,859

Cash invested: $75,880 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 683
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $1,762 high
• Mortgage (P&I): −$1,421
• Tax from tax record: −$58 /mo · $702/yr
• Insurance: −$113
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $-200

Break-even live

Break-even rent $2,016

Max offer price $235,587

Occupancy floor —

Sensitivity live

Price	-10% $-47	-5% $-124	+0% $-200	+5% $-277	+10% $-354
Rent	-10% $-340	-5% $-270	+0% $-200	+5% $-131	+10% $-61
Rate	-1.0pp $-64	-0.5pp $-132	base $-200	+0.5pp $-271	+1.0pp $-342

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: $67,750
• Closing costs: $8,130
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
226 Oak Cir Ocala, FL	3.0	2.0	1406	$1,675	$1.19	15d	1	0.64mi
106 Oak Cir Ocala, FL	3.0	2.0	1453	$1,795	$1.24	15d	1	0.82mi
325 Oak Track Ct Ocala, FL	3.0	2.0	1163	$1,550	$1.33	23d	1	0.86mi
8 Ash Pass Run Ocala, FL	3.0	2.0	1128	$1,650	$1.46	23d	1	0.90mi
5 Olive Dr Ocala, FL	3.0	2.0	1450	$1,800	$1.24	23d	1	0.92mi
2 Ash Dr Ocala, FL	3.0	2.0	1083	$1,750	$1.62	15d	1	0.92mi
21 Olive Cir Ocala, FL	3.0	2.0	1459	$1,800	$1.23	15d	1	1.02mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	23d	1	1.04mi
310 Oak Lane Pass Ocala, FL	2.0	2.0	988	$1,325	$1.34	23d	1	1.11mi
217 Locust Pass Ln Ocala, FL	3.0	2.0	1011	$1,697	$1.68	15d	1	1.42mi
217 Locust Pass Crse Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	1.48mi

Listing history 14 events

1. 2026-06-21
   days on market $271,000 Active 20 DOM
2. 2026-06-18
   days on market $271,000 Active 17 DOM
3. 2026-06-17
   days on market $271,000 Active 16 DOM
4. 2026-06-16
   days on market $271,000 Active 15 DOM
5. 2026-06-15
   days on market $271,000 Active 14 DOM
6. 2026-06-14
   days on market $271,000 Active 12 DOM
7. 2026-06-13
   days on market $271,000 Active 11 DOM
8. 2026-06-10
   days on market $271,000 Active 9 DOM
9. 2026-06-09
   days on market $271,000 Active 8 DOM
10. 2026-06-08
    days on market $271,000 Active 7 DOM
11. 2026-06-07
    days on market $271,000 Active 6 DOM
12. 2026-06-03
    days on market $271,000 Active 2 DOM
13. 2026-06-01
    remarks 687-char remark
14. 2026-06-01
    listed $271,000 Active 1 DOM

ⓘ 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: $702 · $58/mo
• Projected year-2 tax: $2,249 · $187/mo
• Expected delta: +$1,547/yr (+$129/mo · 220.4%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,146
• − Mortgage interest: −$15,180
• − Property taxes: −$702
• − Insurance: −$1,355
• − Repairs & maintenance: −$1,692
• − Management: −$1,692
• − Depreciation: −$7,884
• Taxable loss: −$7,358
• Est. tax savings @ 24.0%: +$1,766
• After-tax cash flow: $-640/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: Marion
• NCES district ID: 1201260
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $40,015
• Composite: 35.61/100
• National rank: #4890
• State rank: #61 of 73 in FL

Livability — Silver Springs Shores

• Score: 68/100
• State rank: #527
• US rank: #9854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Silver Springs Shores, FL
• County: Marion County · 315,796 people
• City population: 34,665
• Metro: Ocala, FL
• Population (ZIP): 35,851
• Household income: $64,208
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 655.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 365,905 people
• By 2030: 376,768 · +3.0%
• By 2040: 396,555 · +8.4%
• By 2050: 412,723 · +12.8%
• By 2075: 446,090 · +21.9%
• By 2100: 436,193 · +19.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 50% Hispanic / Latino 25% Black 21% Two or more races 18% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Cuban 3%
• Common ancestry: Romanian 2% Iranian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 78% English-only · Spanish 19% Other Indo-European 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+31.6) · D 33.8% · R 65.5%
• 2008→2024 swing: -20.0pp toward R · 2008: -11.6pp · 2024: -31.6pp
• All cycles: 2024: R+31.6 2020: R+25.9 2016: R+26.2 2012: R+16.2 2008: R+11.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.93%
• Current HPI: 255.0714
• Rent YoY: ▲ 0.17%
• Metro: Ocala, 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

Price history

-11.1% since first listed

4 events — show timeline

• 2026-06-01 Listed $271,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-02 Price Changed $299,998 Stellar MLS as Distributed by MLS Grid
• 2025-02-08 Listed $305,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+17.7%/yr

Latest (2025): $702 · +28.5% YoY. Source: county tax records.