463 Spring Ln · Silver Springs Shores, FL 34472

$5,000

3 bd · 2.0 ba · 1,440 sqft · SingleFamily public records · 8 Days on market

Built 1977

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Why this score? — see what drove the C- 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 +15.0/30.0
• Appreciation +8.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Cute home with chain link fenced backyard on a corner lot. Attached 1 car garage plus attached 1 car carport. Living room plus family room. Kitchen has tile countertops and all appliances included. Spacious master suite with large walk-in closet and updated bathroom with tiled walk-in shower. Florida room was converted to 2nd bedroom and is under central air with closets and built-ins but buyer could easily convert back to use as a Florida room if desired. Great starter home or investment opportunity. Square footage is large enough to allow the possibility that a portion of living space could be converted into additional bedrooms.

Key facts

• 2 garage spots
• Built 1977
• Listed 8 days

Property features AI

Exterior

• Parking: 2-car garage
• Home design: Residential property; 1 story
• Exterior features: Corner lot; Lot zoned R-1

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Single-story layout

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$256,320) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 312.0% vs local median 4.7% in Silver Springs Shores — 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 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; 682 active listings in the ZIP; 34 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).
• This rent runs 31% 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 $332 of equity ($35 loan paydown + $297 appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.9% appreciation + 0.2% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 21y 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; 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 $5,000

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
5. 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.
6. 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: 33.12% ✓
• Cap rate: 312.02%
• Cash-on-cash: 1091.88%
• DSCR: 49.58
• GRM: 0.3

CMA / ARV

• ARV (on-the-fly): $256,320
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
457 Water Rd	0.09mi	3/2.0	1,436 (-0%)	1mo	$135,000	$94	95
3 Bahia Court Trce	0.34mi	3/2.0	1,506 (+5%)	14mo	$285,000	$189	65
10 Bahia Way	0.24mi	3/2.0	1,388 (-4%)	23mo	$220,000	$159	64
5 Water Pass	0.39mi	3/2.0	1,345 (-7%)	10mo	$239,900	$178	62
13 Brook Pl	0.65mi	3/2.0	1,473 (+2%)	21mo	$285,000	$193	48
517 Bahia Track Ct	0.53mi	2/2.0 (-1)	1,392 (-3%)	21mo	$150,000	$108	47
50 Pine Run	0.57mi	3/2.0	1,628 (+13%)	17mo	$220,000	$135	38
806 Bahia Cir	0.59mi	3/2.0	1,270 (-12%)	23mo	$261,000	$206	34

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: —
• Equity multiple: 56.71×
• Total profit: $77,995
• Equity at exit: $3,122

10-year hold

• IRR: —
• Equity multiple: 113.61×
• Total profit: $157,659
• Equity at exit: $5,643

Cash invested: $1,400 (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: 682
• Price-to-rent: 0.3×

Monthly cashflow live

• Estimated rent: $1,656 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $1,274

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 18%

Sensitivity live

Price	-10% $1,277	-5% $1,276	+0% $1,274	+5% $1,272	+10% $1,270
Rent	-10% $1,143	-5% $1,208	+0% $1,274	+5% $1,339	+10% $1,405
Rate	-1.0pp $1,276	-0.5pp $1,275	base $1,274	+0.5pp $1,273	+1.0pp $1,271

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
455 Water Rd Ocala, FL	3.0	2.0	1275	$1,450	$1.14	14d	1	0.14mi
478 Water Pl Ocala, FL	3.0	2.0	1228	$1,650	$1.34	22d	1	0.15mi
446 Water Rd Ocala, FL	3.0	2.0	1248	$1,425	$1.14	22d	1	0.20mi
9337 Bahia Rd Ocala, FL	3.0	2.0	1402	$1,765	$1.26	14d	1	0.21mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	14d	1	0.32mi
60 Bahia Court Trak Ocala, FL	3.0	2.0	1413	$1,695	$1.20	22d	1	0.37mi
9610 Bahia Rd Ocala, FL	4.0	2.0	1617	$1,895	$1.17	22d	1	0.58mi
708 Bahia Cir Ocala, FL	3.0	2.0	1352	$1,500	$1.11	22d	1	0.64mi
13 Pine Radial Dr Ocala, FL	3.0	2.0	1453	$1,795	$1.24	22d	1	0.76mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	14d	1	0.79mi
619 Silver Pass Ocala, FL	3.0	2.0	1510	$1,495	$0.99	22d	1	0.81mi
9649 Bahia Rd Ocala, FL	3.0	2.0	1282	$1,595	$1.24	22d	1	0.86mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	22d	1	0.86mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	22d	1	0.87mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	22d	1	0.93mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	22d	1	0.93mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	22d	1	0.95mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	14d	1	0.97mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	22d	1	0.98mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	22d	1	1.02mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	22d	1	1.04mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	22d	1	1.06mi
8 Ash Pass Run Ocala, FL	3.0	2.0	1128	$1,650	$1.46	22d	1	1.09mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	14d	1	1.12mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	22d	1	1.12mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	14d	1	1.15mi
2 Ash Dr Ocala, FL	3.0	2.0	1083	$1,750	$1.62	14d	1	1.18mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	14d	1	1.25mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	22d	1	1.31mi
7 Pine Run Ter Ocala, FL	3.0	2.0	1432	$1,500	$1.05	14d	1	1.32mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	22d	1	1.37mi
43 Water Track Loop Ocala, FL	3.0	2.0	1287	$1,799	$1.40	14d	1	1.40mi
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	22d	1	1.43mi
226 Oak Cir Ocala, FL	3.0	2.0	1406	$1,675	$1.19	14d	1	1.45mi

Listing history 7 events

1. 2026-06-17
   days on market $5,000 Active 8 DOM
2. 2026-06-16
   days on market $5,000 Active 7 DOM
3. 2026-06-15
   days on market $5,000 Active 6 DOM
4. 2026-06-14
   days on market $5,000 Active 4 DOM
5. 2026-06-13
   days on market $5,000 Active 3 DOM
6. 2026-06-09
   remarks 305-char remark
7. 2026-06-09
   listed $5,000 Active 1 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 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: $19,875
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$1,590
• − Management: −$1,590
• − Depreciation: −$145
• Taxable income: $16,169
• Est. tax owed @ 24.0%: −$3,881
• After-tax cash flow: $11,406/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

-85.4% since first listed

13 events — show timeline

• 2026-06-09 Listed $5,000 NFMLS
• 2020-10-22 Sold (Public Records) $123,000 Public Records
• 2020-10-21 Sold (MLS) $123,000 Stellar MLS as Distributed by MLS Grid
• 2020-01-07 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2019-05-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-05-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-11-20 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2018-11-20 Listed $119,900 Stellar MLS as Distributed by MLS Grid
• 2005-10-26 Sold (Public Records) $126,000 Public Records
• 2005-10-21 Sold (MLS) $126,000 Stellar MLS as Distributed by MLS Grid
• 2005-08-09 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 1999-12-15 Sold (Public Records) $52,900 Public Records
• 1977-05-01 Sold (Public Records) $34,205 Public Records

Property tax history

+13.4%/yr

Latest (2025): $2,639 · +10.7% YoY. Source: county tax records.