8846 SW 69th Ter · On Top of the World, FL 34476

$370,000

2 bd · 2.0 ba · 1,959 sqft · SingleFamily public records · 123 Days on market

Built 2025 Good condition 4,791 sqft lot $189/sqft · 28% above area Est $379k · at est. $80/mo HOA · 4% of rent

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Why this score? — see what drove the F 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).

• ARV discount +8.6/15.0
• Cash flow +4.8/30.0
• Schools +4.7/10.0
• Condition / age +4.0/5.0
• Livability +2.5/5.0
• Rent growth +1.9/5.0
• 1% rule +0.9/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into summer living in Ocala with a bright, nearly new home that’s ready right now. No waiting, no construction delays, and a better value than buying directly from the builder. As Ocala continues to grow and attract new development, this home puts you in the path of progress while letting you enjoy the lifestyle today. Why wait months to build (and pay more), when you can move into a modern, energy-efficient home that already has the upgrades in place? Inside, 9-foot ceilings and an open, airy layout create the perfect space for everyday living and effortless entertaining. The open-concept kitchen, dining, and living areas flow together seamlessly. Ideal for summer get-togethers, family time, and keeping everything connected. Slide open the doors to your covered lanai and enjoy true Florida living. Whether it’s weekend BBQs, evening drinks, or watching the kids and pets play in the fully fenced backyard, this is the kind of outdoor space that makes summer feel like home. A dedicated dining room adds flexibility for hosting, while the private owner’s suite offers a quiet retreat at the end of the day. Three additional bedrooms give you room to grow. Perfect for family, guests, or a home office. And with a spacious 3-car garage, plus features like installed rain gutters and a smart doorbell, the details are already handled for you. Modern, move-in ready, and priced smarter than new construction—this is your chance to own in one of Central Florida’s fastest-growing areas without the wait.

Key facts

• Open-concept kitchen
• Covered lanai
• Ring pro doorbell

Tags

• ENERGY EFFICIENT
• OPEN-CONCEPT KITCHEN
• COVERED LANAI
• FULLY FENCED BACKYARD
• RING PRO DOORBELL
• DEDICATED DINING ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $370k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-901 ($-11k/yr) — negative.
• To cash-flow at today's rent, offer at most $240k (35.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $220k (40.6% below list).
• Recommended offer: $220k (40.6% below list) — sets the bar for 1% rule.
• Cap rate 3.4% vs local median 2.8% in On Top of the World — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads: area grade F — 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: Saddlewood Elementary School (math 62% / reading 54%, grade C+, #751 of 2,144 statewide, top 36%, 917 students, 58% FRL); Liberty Middle School (math 40% / reading 41%, grade F, #360 of 571 statewide, top 64%, 1,365 students, 54% FRL); West Port High School (math 34% / reading 52%, grade F, #255 of 667 statewide, top 39%, 2,906 students, 52% FRL).
• Market conditions: Rents soft (-2.6%/yr); 1071 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 63d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 40% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $11k 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.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($326k) 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.

Recommended offer $219,733 (40.6% 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. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.59% ✗
• Cap rate: 3.37%
• Cash-on-cash: -10.44%
• DSCR: 0.54
• GRM: 14.0

CMA / ARV

• ARV (median comp): $379,484
• List price: $370,000
• Delta: -2.50%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9031 SW 75th Loop	0.44mi	3/2.0 (+1)	1,959 (0%)	2mo	$364,900	$186	73
7136 SW 86th Ave	0.18mi	2/2.0	1,747 (-11%)	4mo	$350,000	$200	70
8954 SW 75th Lp	0.37mi	3/2.0 (+1)	1,874 (-4%)	1mo	$332,500	$177	69
9586 SW 70th Loop	0.38mi	2/2.0	1,836 (-6%)	4mo	$270,000	$147	68
7595 SW 88th Terrace Rd	0.29mi	2/2.0	1,747 (-11%)	4mo	$350,000	$200	65
7620 SW 85th Ter	0.41mi	2/2.0	1,747 (-11%)	0mo	$367,000	$210	63
9299 SW 66th Loop	0.68mi	2/2.0	1,904 (-3%)	1mo	$420,000	$221	63
7728 SW 85th Cir	0.52mi	2/2.0	1,747 (-11%)	2mo	$341,500	$195	56
9013 SW 79th Ln	0.60mi	2/2.0	2,118 (+8%)	4mo	$395,000	$186	56
7729 SW 85th Cir	0.54mi	3/2.0 (+1)	2,159 (+10%)	2mo	$344,950	$160	51
7965 SW 86th Terrace Rd	0.62mi	3/2.0 (+1)	2,118 (+8%)	2mo	$399,900	$189	51
6611 SW 93rd Ct	0.61mi	3/2.0 (+1)	1,714 (-12%)	2mo	$360,500	$210	44

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -38.6%
• Equity multiple: -0.19×
• Total profit: $-123,704
• Equity at exit: $55,168

10-year hold

• IRR: -82.2%
• Equity multiple: -0.99×
• Total profit: $-206,172
• Equity at exit: $31,991

Cash invested: $103,600 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 77 active · 31 under contract
• Months of supply: 11.5 mo (9%/mo absorbed)
• Median asking: $382,800 ($199/sqft)
• Median days on market: 100 d
• This list price: 47% of active listings are priced below it
• ARV vs active asking: -2.4% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34476

• Rents YoY: -2.6%
• Active inventory: 1071
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $2,197 high
• Mortgage (P&I): −$1,940
• Tax est. 1.5%: −$462 /mo · $5,550/yr
• Insurance: −$154
• HOA: −$80
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $-901

Break-even live

Break-even rent $3,338

Max offer price $239,610

Occupancy floor —

Sensitivity live

Price	-10% $-645	-5% $-773	+0% $-901	+5% $-1,029	+10% $-1,157
Rent	-10% $-1,075	-5% $-988	+0% $-901	+5% $-814	+10% $-728
Rate	-1.0pp $-715	-0.5pp $-807	base $-901	+0.5pp $-997	+1.0pp $-1,095

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: $92,500
• Closing costs: $11,100
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7274 SW 89th Ave Ocala, FL	2.0	2.0	1467	$2,200	$1.50	63d	1	0.12mi
9122 SW 70th Loop Ocala, FL	2.0	2.0	1443	$2,500	$1.73	70d	1	0.26mi
9106 SW 65th Loop Ocala, FL	2.0	2.0	1556	$2,400	$1.54	63d	1	0.53mi
7978 SW 90th Ter Ocala, FL	2.0	2.0	1226	$1,875	$1.53	63d	1	0.59mi
9013 SW 79th Ln Ocala, FL	2.0	2.0	2118	$2,500	$1.18	70d	1	0.59mi
5936 SW 90th Court Rd Ocala, FL	3.0	1.5	2483	$2,995	$1.21	63d	1	0.89mi
8714 SW 83rd Loop Ocala, FL	2.0	2.0	1658	$1,900	$1.15	63d	1	0.92mi
7928 SW 80th Place Rd Ocala, FL	3.0	2.0	1576	$1,900	$1.21	70d	1	1.12mi
8701 SW 83rd Cir Ocala, FL	3.0	2.0	1726	$2,200	$1.27	63d	1	1.36mi
7604 SW 63rd Lane Rd Ocala, FL	3.0	2.0	1856	$1,999	$1.08	70d	1	1.39mi

Listing history 6 events

1. 2026-04-21
   price $370,000 1546-char remark

   Show marketing remark (1546 chars)

   Step into summer living in Ocala with a bright, nearly new home that’s ready right now. No waiting, no construction delays, and a better value than buying directly from the builder. As Ocala continues to grow and attract new development, this home puts you in the path of progress while letting you enjoy the lifestyle today. Why wait months to build (and pay more), when you can move into a modern, energy-efficient home that already has the upgrades in place? Inside, 9-foot ceilings and an open, airy layout create the perfect space for everyday living and effortless entertaining. The open-concept kitchen, dining, and living areas flow together seamlessly. Ideal for summer get-togethers, family time, and keeping everything connected. Slide open the doors to your covered lanai and enjoy true Florida living. Whether it’s weekend BBQs, evening drinks, or watching the kids and pets play in the fully fenced backyard, this is the kind of outdoor space that makes summer feel like home. A dedicated dining room adds flexibility for hosting, while the private owner’s suite offers a quiet retreat at the end of the day. Three additional bedrooms give you room to grow. Perfect for family, guests, or a home office. And with a spacious 3-car garage, plus features like installed rain gutters and a smart doorbell, the details are already handled for you. Modern, move-in ready, and priced smarter than new construction—this is your chance to own in one of Central Florida’s fastest-growing areas without the wait.

2. 2026-01-24
   listed $375,000 Active 1546-char remark

   Show marketing remark (1546 chars)

   Step into summer living in Ocala with a bright, nearly new home that’s ready right now. No waiting, no construction delays, and a better value than buying directly from the builder. As Ocala continues to grow and attract new development, this home puts you in the path of progress while letting you enjoy the lifestyle today. Why wait months to build (and pay more), when you can move into a modern, energy-efficient home that already has the upgrades in place? Inside, 9-foot ceilings and an open, airy layout create the perfect space for everyday living and effortless entertaining. The open-concept kitchen, dining, and living areas flow together seamlessly. Ideal for summer get-togethers, family time, and keeping everything connected. Slide open the doors to your covered lanai and enjoy true Florida living. Whether it’s weekend BBQs, evening drinks, or watching the kids and pets play in the fully fenced backyard, this is the kind of outdoor space that makes summer feel like home. A dedicated dining room adds flexibility for hosting, while the private owner’s suite offers a quiet retreat at the end of the day. Three additional bedrooms give you room to grow. Perfect for family, guests, or a home office. And with a spacious 3-car garage, plus features like installed rain gutters and a smart doorbell, the details are already handled for you. Modern, move-in ready, and priced smarter than new construction—this is your chance to own in one of Central Florida’s fastest-growing areas without the wait.

3. 2025-10-23
   soldstatus $350,485 Closed 582-char remark

   Show marketing remark (582 chars)

   This single-level home showcases a spacious open floorplan shared between the kitchen, café and living room for easy entertaining, as well as access to a covered lanai for outdoor lounging. A formal dining room is separated from the shared living space, perfect for hosting dinner parties with loved ones. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms at the front of the home, which are comfortable spaces for household members and overnight guests.

4. 2025-09-15
   status Pending 582-char remark

   Show marketing remark (582 chars)

   This single-level home showcases a spacious open floorplan shared between the kitchen, café and living room for easy entertaining, as well as access to a covered lanai for outdoor lounging. A formal dining room is separated from the shared living space, perfect for hosting dinner parties with loved ones. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms at the front of the home, which are comfortable spaces for household members and overnight guests.

5. 2025-08-21
   listed $391,485 Active 582-char remark

   Show marketing remark (582 chars)

   This single-level home showcases a spacious open floorplan shared between the kitchen, café and living room for easy entertaining, as well as access to a covered lanai for outdoor lounging. A formal dining room is separated from the shared living space, perfect for hosting dinner parties with loved ones. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are three secondary bedrooms at the front of the home, which are comfortable spaces for household members and overnight guests.

6. 2025-08-06
   soldstatus $355,115

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $26,368
• − Mortgage interest: −$20,726
• − Property taxes: −$5,550
• − Insurance: −$1,850
• − Repairs & maintenance: −$2,109
• − Management: −$2,109
• − HOA: −$960
• − Depreciation: −$10,764
• Taxable loss: −$17,700
• Est. tax savings @ 24.0%: +$4,248
• After-tax cash flow: $-6,565/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This nearly new home in Ocala is move-in ready with modern finishes and a bright, open layout. It offers a great value for those looking to enjoy the lifestyle today.

Value-add opportunities

• Both Paint the exterior siding — Fresh paint can enhance curb appeal and property value ↑
• Both Replace the front door — A new door can improve the home's curb appeal and security ↑
• Both Install smart home features — Smart home features can increase the home's value and appeal to tech-savvy buyers ↑

F Composite school gradezoned avg 47/100

Zoned Schools

Elementary Saddlewood Elementary School C+ FL #751/2,144 Nat'l #8,292/41,679 Middle Liberty Middle School F FL #360/571 Nat'l #5,872/14,009 High West Port High School F FL #255/667 Nat'l #7,439/17,239

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 — On Top of the World

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

Census & demographics

• Census place: On Top of the World, FL
• County: Marion County · 365,905 people
• City population: 25,668
• Metro: Ocala, FL
• Population (ZIP): 28,997
• Household income: $65,860
• Rent vs Own: 12.3% rent · 87.7% own
• Severe rent burden: 10% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 63% Hispanic / Latino 18% Black 13% Two or more races 10% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 8% Cuban 3%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 3%
• Foreign-born: 15% · Canada, Jamaica, Dominican Republic
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1% German/W. Germanic 1%

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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: ▼ -105.22%
• Current HPI: 189.0869
• Rent YoY: ▼ -2.57%
• Metro: Ocala, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

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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

+4.2% since first listed

6 events — show timeline

• 2026-04-21 Price Changed $370,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-24 Listed $375,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-23 Sold (MLS) $350,485 Stellar MLS as Distributed by MLS Grid
• 2025-09-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-21 Listed $391,485 Stellar MLS as Distributed by MLS Grid
• 2025-08-06 Sold (Public Records) $355,115 Public Records