31 Almond Pass Dr · Silver Springs Shores, FL 34472

$197,000

3 bd · 2.0 ba · 1,206 sqft · SingleFamily public records · 4 Days on market

Built 1987 10,454 sqft lot Est $221k · 11% under

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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 +15.8/30.0
• ARV discount +12.3/15.0
• Appreciation +8.0/10.0
• DSCR +4.9/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Under contract-accepting backup offers. Don't miss this deal! Owner has it priced for a quick sale. This 3 bedroom 2 bath house has amazing potential. With a little cosmetic TLC you will have a real gem! The roof was replaced in 2018, A/C was replaced in 2014. It sits on a quarter acre (. 24) of fenced in and landscaped yard. The large screened-in lanai is a great spot for relaxing. It comes with a Vivant security system with Ring doorbell which is remotely controlled via your phone. Come see this one before it gets away!

Key facts

• Screened-in lanai
• Landscaped yard
• Ring doorbell

Tags

• FENCED IN YARD
• LANDSCAPED YARD
• SCREENED-IN LANAI
• VIVANT SECURITY SYSTEM
• RING DOORBELL

Property features AI

Finance

• Other: Property type: Residential - Single Family Residence; Lot size about 0.24 acres; Building area reported about 1,992 total square feet
• HOA & community: No HOA association indicated; Pets allowed

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Private sewer; Broadband / high-speed internet available; Electric service
• Home design: Single-family residence; One story; Home faces south; Residential zoning (R1); Homestead status
• Construction: Wood siding exterior; Shingle roof; Block foundation; Built with approximately 1,206 living area (public records)
• Exterior features: Patio; Screened porch; Private mailbox; Wood fencing; Mature landscaping; Asphalt road access; Lot dimensions approximately 84 x 125

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (Electric, Heat Pump); Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Living room / dining room combo; Solid wood cabinets; Thermostat
• Laundry & utility: Washer; Dryer; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $197k.

Deal economics

• At list price, monthly cash flow is $91 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $164k (16.7% below list).
• Recommended offer: $164k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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; 674 active listings in the ZIP; 21 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 $13k of equity ($1k loan paydown + $12k 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 $55k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $60k; list at $197k implies a 229% 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,179 (16.7% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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: 0.83% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.97%
• DSCR: 1.09
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $220,698
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
40 Teak Run	0.13mi	3/2.0	1,118 (-7%)	2mo	$180,000	$161	80
6 Almond Trce	0.40mi	3/2.0	1,307 (+8%)	2mo	$230,000	$176	66
28 Teak Run	0.22mi	3/2.0	1,128 (-6%)	17mo	$244,900	$217	65
71 Almond Rd	0.18mi	3/2.0	1,308 (+8%)	20mo	$245,000	$187	61
51 Almond Rd	0.06mi	3/2.0	1,381 (+14%)	14mo	$253,000	$183	61
70 Almond Pass Dr	0.32mi	3/2.0	1,309 (+8%)	12mo	$235,000	$180	61
6727 Cherry Rd	0.39mi	3/2.0	1,237 (+3%)	20mo	$235,000	$190	60
30 Almond Rd	0.16mi	3/2.0	1,328 (+10%)	21mo	$140,000	$105	58
111 Almond Rd	0.46mi	3/2.0	1,128 (-6%)	12mo	$259,000	$230	58
5720 SE 22nd Pl	0.48mi	3/2.0	1,276 (+6%)	13mo	$245,750	$193	57
113 Teak Loop	0.30mi	2/2.0 (-1)	1,050 (-13%)	3mo	$120,000	$114	57
28 Banyan Pass	0.63mi	2/2.0 (-1)	1,114 (-8%)	7mo	$204,000	$183	47

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: 15.7%
• Equity multiple: 2.04×
• Total profit: $57,248
• Equity at exit: $123,004

10-year hold

• IRR: 14.9%
• Equity multiple: 3.82×
• Total profit: $155,721
• Equity at exit: $222,340

Cash invested: $55,160 (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: 10.0×

Monthly cashflow live

• Estimated rent: $1,642 high
• Mortgage (P&I): −$1,033
• Tax from tax record: −$91 /mo · $1,094/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $91

Break-even live

Break-even rent $1,527

Max offer price $197,000

Occupancy floor 89%

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: $49,250
• Closing costs: $5,910
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
62 Teak Loop Ocala, FL	3.0	1.0	1018	$1,450	$1.42	14d	1	0.16mi
9 Banyan Course Run Ocala, FL	3.0	2.0	1345	$1,599	$1.19	21d	1	0.28mi
6688 Cherry Rd Ocala, FL	3.0	2.0	1270	$1,950	$1.54	14d	1	0.39mi
1503 Peachtree Ln Ocala, FL	2.0	2.0	1152	$1,450	$1.26	21d	1	0.63mi
9 Teak Way Dr Ocala, FL	3.0	2.0	1352	$1,800	$1.33	14d	1	0.64mi
5435 SE 28th Ln Ocala, FL	2.0	2.0	868	$1,150	$1.32	21d	1	0.82mi
2955 SE 53rd Ct Unit C Ocala, FL	2.0	2.0	854	$1,295	$1.52	21d	1	0.94mi
5370 SE 30th Pl Unit Greenfields C Ocala, FL	2.0	2.0	1000	$1,150	$1.15	21d	1	0.94mi
3030 SE 53rd Ct Unit B Ocala, FL	2.0	2.0	854	$1,150	$1.35	21d	1	0.99mi
3030 SE 53rd Ct Unit A Ocala, FL	2.0	2.0	854	$1,200	$1.41	14d	1	0.99mi
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	21d	1	1.11mi
5230 SE 31st St Unit Whispering Sands D Ocala, FL	2.0	1.5	1000	$1,050	$1.05	21d	1	1.13mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	21d	1	1.13mi
5200 SE 31st St Unit D Ocala, FL	2.0	1.5	945	$1,250	$1.32	21d	1	1.14mi
5011 SE 29th St Apt C Ocala, FL	2.0	1.0	1000	$990	$0.99	14d	1	1.18mi
36 Pecan Run Crse Ocala, FL	3.0	2.0	1188	$1,850	$1.56	14d	1	1.23mi
96 Redwood Rd Ocala, FL	3.0	2.0	1188	$1,650	$1.39	14d	1	1.33mi
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	21d	1	1.46mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	14d	1	1.46mi
15 NE 63rd Ct Ocala, FL	3.0	2.0	1500	$1,700	$1.13	21d	1	1.48mi
4549 SE 25th Loop Ocala, FL	3.0	2.0	1490	$1,850	$1.24	21d	1	1.48mi

Listing history 9 events

1. 2026-06-03
   remarks 531-char remark
2. 2026-06-03
   status $197,000 Pending 4 DOM
3. 2026-06-02
   days on market $197,000 Active 4 DOM
4. 2026-06-01
   days on market $197,000 Active 3 DOM
5. 2026-06-01
   pricestatus $197,000 Active 2 DOM
6. 2026-05-13
   status Pending
7. 2026-05-10
   listed $169,900 Active
8. 1990-11-01
   soldstatus $59,900
9. 1987-07-01
   soldstatus $52,360

ⓘ 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: $1,094 · $91/mo
• Projected year-2 tax: $1,635 · $136/mo
• Expected delta: +$541/yr (+$45/mo · 49.5%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,701
• − Mortgage interest: −$11,035
• − Property taxes: −$1,094
• − Insurance: −$985
• − Repairs & maintenance: −$1,576
• − Management: −$1,576
• − Depreciation: −$5,731
• Taxable loss: −$2,296
• Est. tax savings @ 24.0%: +$551
• After-tax cash flow: $1,639/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

• 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

+224.5% since first listed

4 events — show timeline

• 2026-05-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-10 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 1990-11-01 Sold (Public Records) $59,900 Public Records
• 1987-07-01 Sold (Public Records) $52,360 Public Records

Property tax history

+3.2%/yr

Latest (2025): $1,094 · +24.9% YoY. Source: county tax records.