None · Silver Springs Shores, FL 34472

$134,000

2 bd · 2.0 ba · 837 sqft · Condo public records · 40 Days on market

Built 1984 $160/sqft · 26% above area Est $106k · 26% over

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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 +8.0/30.0
• Appreciation +8.0/10.0
• 1% rule +5.2/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

This gorgeous 2/2 has had a quality makeover! The kitchen features new countertops, new cabinets and new stainless steel appliances. Both bathrooms have new vanities, sinks and commodes. New laminate flooring and baseboards through out the entire home and the interior has been freshly painted. Enjoy time on your large screened porch or relax at the pool! This HOA community includes great perks. Centrally located between Ocala and The Villages.

Key facts

• Community amenities
• In unit laundry
• Community pool

Tags

• IN UNIT LAUNDRY
• PRIVATE SCREENED BALCONY
• SPLIT BEDROOM FLOOR PLAN
• COMMUNITY AMENITIES
• SILVER SPRINGS SHORES AREA

Property features AI

Finance

• Other: Unfurnished
• Financial info: Lease restrictions apply
• HOA & community: HOA managed by Vines management; Monthly association fee required; HOA covers grounds maintenance, trash, and water; Association approval is required; Senior community; Community pool; Pets allowed with size limits

Exterior

• Parking:
• Security:
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Residential condominium; One story; Faces east; Unit on 2nd floor
• Construction: Block construction; Shingle roof; Concrete perimeter foundation; Built as part of building K203
• Exterior features: Sliding doors; Paved road access

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate; Concrete perimeter foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry closet; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $134k.

Deal economics

• At list price, monthly cash flow is $-139 ($-2k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $134k).
• Recommended offer: $130k (3.0% below list) — sets the bar for market timing.

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, schools 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.
• Market conditions: Rents flat; 674 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($926 loan paydown + $8k 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 4, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $129,980 (3.0% 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. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% 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. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 5.05%
• Cash-on-cash: -4.45%
• DSCR: 0.80
• GRM: 8.2

CMA / ARV

• ARV (median comp): $106,245
• List price: $134,000
• Delta: 26.12%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 10.3%
• Equity multiple: 1.69×
• Total profit: $25,705
• Equity at exit: $83,667

10-year hold

• IRR: 10.4%
• Equity multiple: 3.03×
• Total profit: $76,240
• Equity at exit: $151,237

Cash invested: $37,520 (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: 674
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,368 high
• Mortgage (P&I): −$703
• Tax from tax record: −$204 /mo · $2,443/yr
• Insurance: −$56
• HOA est. from 1 same-building comp: −$258
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $-139

Break-even live

Break-even rent $1,544

Max offer price $109,425

Occupancy floor —

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	21d	1	0.06mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	14d	1	0.08mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	21d	1	0.12mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	21d	1	0.12mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	21d	1	0.12mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	21d	1	0.17mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	21d	1	0.17mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	21d	1	0.20mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	21d	1	0.20mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	21d	1	0.28mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	21d	1	0.31mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	14d	1	0.35mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	21d	1	0.40mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	21d	1	0.42mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	14d	1	0.46mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	14d	1	0.52mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	21d	1	0.52mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	21d	1	0.76mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	21d	1	0.79mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	21d	1	0.92mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	21d	1	0.95mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	21d	1	1.00mi
7455 Midway Ter Unit K Ocala, FL	2.0	1.0	904	$1,249	$1.38	21d	1	1.19mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	21d	1	1.23mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	14d	1	1.34mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $134,000 Active 40 DOM
2. 2026-06-17
   days on market $134,000 Active 39 DOM
3. 2026-06-16
   days on market $134,000 Active 38 DOM
4. 2026-06-15
   days on market $134,000 Active 37 DOM
5. 2026-06-14
   days on market $134,000 Active 35 DOM
6. 2026-06-13
   days on market $134,000 Active 34 DOM
7. 2026-06-10
   days on market $134,000 Active 32 DOM
8. 2026-06-09
   days on market $134,000 Active 31 DOM
9. 2026-06-08
   days on market $134,000 Active 30 DOM
10. 2026-06-07
    days on market $134,000 Active 29 DOM
11. 2026-06-03
    days on market $134,000 Active 25 DOM
12. 2026-06-02
    days on market $134,000 Active 24 DOM
13. 2026-06-01
    days on market $134,000 Active 23 DOM
14. 2026-05-31
    days on market $134,000 Active 22 DOM
15. 2026-05-30
    days on market $134,000 Active 21 DOM
16. 2026-05-09
    listed $134,000 Active 530-char remark
17. 2023-09-03
    historical $1,300
18. 2023-07-18
    listed $1,300
19. 2022-05-31
    soldstatus $119,900 Closed 447-char remark

    Show marketing remark (447 chars)

    This gorgeous 2/2 has had a quality makeover! The kitchen features new countertops, new cabinets and new stainless steel appliances. Both bathrooms have new vanities, sinks and commodes. New laminate flooring and baseboards through out the entire home and the interior has been freshly painted. Enjoy time on your large screened porch or relax at the pool! This HOA community includes great perks. Centrally located between Ocala and The Villages.

20. 2022-05-06
    status Pending 447-char remark

    Show marketing remark (447 chars)

    This gorgeous 2/2 has had a quality makeover! The kitchen features new countertops, new cabinets and new stainless steel appliances. Both bathrooms have new vanities, sinks and commodes. New laminate flooring and baseboards through out the entire home and the interior has been freshly painted. Enjoy time on your large screened porch or relax at the pool! This HOA community includes great perks. Centrally located between Ocala and The Villages.

21. 2022-04-25
    listed $119,900 Active 447-char remark

    Show marketing remark (447 chars)

    This gorgeous 2/2 has had a quality makeover! The kitchen features new countertops, new cabinets and new stainless steel appliances. Both bathrooms have new vanities, sinks and commodes. New laminate flooring and baseboards through out the entire home and the interior has been freshly painted. Enjoy time on your large screened porch or relax at the pool! This HOA community includes great perks. Centrally located between Ocala and The Villages.

22. 2021-11-02
    soldstatus $51,000

ⓘ 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: $2,443 · $204/mo
• Projected year-2 tax: $2,443 · $204/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 4/10 Moderate
• 🌡 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: $16,421
• − Mortgage interest: −$7,506
• − Property taxes: −$2,443
• − Insurance: −$670
• − Repairs & maintenance: −$1,314
• − Management: −$1,314
• − HOA: −$3,096
• − Depreciation: −$3,898
• Taxable loss: −$3,820
• Est. tax savings @ 24.0%: +$917
• After-tax cash flow: $-753/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

+162.7% since first listed

7 events — show timeline

• 2026-05-09 Listed $134,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-03 Rental Removed $1,300 STELLARMLS
• 2023-07-18 Listed for Rent $1,300 STELLARMLS
• 2022-05-31 Sold (MLS) $119,900 Stellar MLS as Distributed by MLS Grid
• 2022-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-04-25 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2021-11-02 Sold (Public Records) $51,000 Public Records

Property tax history

+11.0%/yr

Latest (2025): $2,443 · +13.7% YoY. Source: county tax records.