2562 SE 178th Ave · Silver Springs Shores East, FL 34488

$120,000

3 bd · 2.0 ba · 1,083 sqft · Manufactured public records · 6 Days on market

Built 1993 0.54 ac lot Est $166k · 28% under $2/mo HOA

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Why this score? — see what drove the B 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 +27.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.8/10.0
• 1% rule +7.5/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Affordable 3/2 27x50 Palm Doublewide Mobile Home with one lot can be purchased for $120,000. Also a optional second adjoining Vacant Wooded Lot is Available for an additional $15,000! The lot with the home sits on a . 31 acre lot and the second optional Vacant lot is . 23 acres. If you buy both lots you will enjoy over a half acre of land. Lot 9 is 75x135. Lot 10 is 100x135. (. 54 acres total are available. ) Outside features a corner paved lot with a breezy 16x20 Sundeck, 14x40 Two car carport, 8x10 utility room, 9x12 shed and a 9x15 shed. The 9x15 shed is on the vacant lot and will convey with the vacant lot. Inside features a handy 9x21 Florida Roo

Key facts

• Corner paved lot
• Utility room
• Florida room

Tags

• CORNER PAVED LOT
• TWO CAR CARPORT
• UTILITY ROOM
• FLORIDA ROOM
• OCALA NATIONAL FOREST
• BIG BASS FISHING

Property features AI

Finance

• Other: Property is residential, completed condition; Additional parcels included (2 lots); Corner, cleared, level lot — paved private-maintained road; Approximately 0.54 acre lot (dimensions ~100 x 135); Wooded with oak trees; Has one septic and no wells
• HOA & community: Annual association fee of $35 (approximately $2.92/month); Association fee required; Deed restrictions; Pets allowed (cats and dogs permitted)

Exterior

• Parking: Carport with 2 spaces
• Security: Smoke detectors
• Utilities: Public water; Septic tank; Electricity connected; Sewer connected; Phone available; Cable available; Fiber optics / high-speed internet available; Broadband/HS internet available
• Home design: Manufactured double-wide home; Attached property; One story; Faces east
• Construction: Vinyl siding; Built-up and metal roof; Crawlspace foundation; Built by Palm Harbor Homes
• Exterior features: Deck; Enclosed patio/porch; Front porch; Private mailbox; Rain gutters; Sliding doors; Exterior storage / shed(s)

Interior

• Kitchen: Exhaust fan; Range hood
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Laminate; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric, heat pump); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Thermostat; Walk-in closets; Window treatments (blinds)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry room; Outside laundry access

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Cap rate 10.0% vs local median 5.2% in Silver Springs Shores East — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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: East Marion Elementary School (math 29% / reading 37%, grade F, #1,773 of 2,144 statewide, top 83%, 620 students, 79% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 202 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $42k; list at $120k implies a 182% 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; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.25% ✓
• Cap rate: 9.97%
• Cash-on-cash: 13.14%
• DSCR: 1.58
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $165,699
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1821 SE 177th Ave	0.49mi	2/2.0 (-1)	1,045 (-4%)	18mo	$160,000	$153	51

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: 3.1%
• Equity multiple: 1.12×
• Total profit: $3,999
• Equity at exit: $17,892

10-year hold

• IRR: 12.6%
• Equity multiple: 2.00×
• Total profit: $33,718
• Equity at exit: $10,375

Cash invested: $33,600 (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 34488

• Home prices YoY: -26.1%
• Active inventory: 202
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,504 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$139 /mo · $1,666/yr
• Insurance: −$50
• HOA: −$2
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $368

Break-even live

Break-even rent $1,038

Max offer price $120,000

Occupancy floor 71%

Sensitivity live

Price	-10% $436	-5% $402	+0% $368	+5% $334	+10% $300
Rent	-10% $249	-5% $308	+0% $368	+5% $427	+10% $487
Rate	-1.0pp $428	-0.5pp $398	base $368	+0.5pp $337	+1.0pp $305

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $2 · $24/yr

Listing history 6 events

1. 2026-06-10
   status $120,000 Pending 6 DOM
2. 2026-06-09
   days on market $120,000 Active 6 DOM
3. 2026-06-08
   days on market $120,000 Active 5 DOM
4. 2026-06-07
   days on market $120,000 Active 4 DOM
5. 2026-06-03
   remarks 699-char remark
6. 2026-06-03
   listed $120,000 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: $1,666 · $139/mo
• Projected year-2 tax: $1,666 · $139/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 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,045
• − Mortgage interest: −$6,722
• − Property taxes: −$1,666
• − Insurance: −$600
• − Repairs & maintenance: −$1,444
• − Management: −$1,444
• − HOA: −$24
• − Depreciation: −$3,491
• Taxable income: $2,655
• Est. tax owed @ 24.0%: −$637
• After-tax cash flow: $3,777/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 East

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 11,525

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: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Serbian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 2%

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: ▼ -80.45%
• Current HPI: 227.3763
• 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

+1400.0% since first listed

3 events — show timeline

• 2026-06-03 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 1996-06-26 Sold (Public Records) $42,500 Public Records
• 1994-04-21 Sold (Public Records) $8,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,666 · +14.4% YoY. Source: county tax records.