523 SE 31st Ave · Ocala, FL 34471

$219,000

3 bd · 1.5 ba · 1,624 sqft · SingleFamily public records · 14 Days on market

Built 1962 0.28 ac lot Est $247k · 11% under

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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 +15.7/30.0
• ARV discount +12.6/15.0
• DSCR +4.8/10.0
• 1% rule +3.6/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Location! Only 5 minutes to Ocala's historic downtown square. This charming 3/2 home is situated on a corner lot, and features a formal living room, family room , and dining room. Seperate kithchen with breakfast bar, and lots of built-ins and cabinets for great storage. Hardwood floors in formal living, hall and bedrooms. Newer gas hot water heater and appliances. Updated plumbing, guest bath, and new toliet in master bathroom. Roof with new insulation in 2008. A/C and duct work approximately 3-4 years old. House is for sale home is not for rent.

Key facts

• Abundant cabinetry
• Corner lot
• Breakfast bar

Tags

• CORNER LOT
• MULTIPLE LIVING SPACES
• BREAKFAST BAR
• ABUNDANT CABINETRY
• BUILT-IN STORAGE
• ORIGINAL HARDWOOD FLOORS

Property features AI

Finance

• Other: Property zoned R1A; Total living area about 1,624 (public records); Listed as residential, single-family
• HOA & community: No association fees or HOA

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; West-facing; Fixer condition; Homesteaded
• Construction: Block and brick construction; Metal and shingle roof; Block and pier foundation; Built on a 0.28-acre lot (approx. 100 x 120)
• Exterior features: Porch; Rear porch; On-site storage; Corner lot; Located within city limits; Paved public-maintained road

Interior

• Kitchen: Built-in oven
• Bedrooms: 3 bedrooms
• Flooring: Brick; Ceramic tile; Concrete
• Bathrooms: 2 full baths, 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Blinds; Built-in oven
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $219k.

Deal economics

• At list price, monthly cash flow is $95 ($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 $188k (14.2% below list).
• Recommended offer: $188k (14.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.1% in Ocala — 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 69/100 on livability (#476 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute 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.
• Zoned schools: Ward-Highlands Elementary School (math 60% / reading 55%, grade C+, #764 of 2,144 statewide, top 36%, 959 students, 59% FRL); Fort King Middle School (math 37% / reading 35%, grade F, #410 of 571 statewide, top 72%, 1,092 students, 71% FRL); Hillcrest (math 2% / reading 2%, grade F, #665 of 667 statewide, top 100%, 160 students, 49% FRL) — zoned schools at 60% FRL track the district average.
• Market conditions: Rents soft (-0.6%/yr); 318 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 34% 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 $2k of loan paydown is wiped out by about $7k 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 13y 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.
• Current owner paid $133k; list at $219k implies a 65% 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $187,987 (14.2% below list)

Questions for the listing agent

1. Built in 1962 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. 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?
5. 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.
6. 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.
7. 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: 0.86% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.86%
• DSCR: 1.08
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $246,848
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
208 SE 32nd Ave	0.23mi	3/2.0	1,674 (+3%)	11mo	$302,150	$180	73
327 SE 32nd Ave	0.18mi	3/1.0	1,582 (-3%)	18mo	$230,000	$145	70
418 SE 31st Ave	0.07mi	4/1.5 (+1)	1,660 (+2%)	23mo	$214,000	$129	69
3334 SE 4th St	0.28mi	4/2.0 (+1)	1,749 (+8%)	6mo	$253,000	$145	62
3834 SE 9th Pl	0.72mi	3/2.0	1,614 (-1%)	12mo	$245,000	$152	53
2923 SE 14th St	0.50mi	3/2.0	1,502 (-8%)	15mo	$305,000	$203	49
824 SE 28th Ave	0.37mi	3/2.0	1,444 (-11%)	19mo	$340,000	$235	46

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: -16.5%
• Equity multiple: 0.43×
• Total profit: $-35,006
• Equity at exit: $32,654

10-year hold

• IRR: -14.4%
• Equity multiple: 0.28×
• Total profit: $-44,192
• Equity at exit: $18,935

Cash invested: $61,320 (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 34471

• Rents YoY: -0.6%
• Active inventory: 318
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,880 high
• Mortgage (P&I): −$1,148
• Tax from tax record: −$151 /mo · $1,807/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$395
• Net cashflow: $95

Break-even live

Break-even rent $1,760

Max offer price $219,000

Occupancy floor 90%

Sensitivity live

Price	-10% $219	-5% $157	+0% $95	+5% $33	+10% $-29
Rent	-10% $-54	-5% $21	+0% $95	+5% $169	+10% $243
Rate	-1.0pp $205	-0.5pp $150	base $95	+0.5pp $38	+1.0pp $-20

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2936 SE 13th St Ocala, FL	3.0	2.0	1285	$1,700	$1.32	15d	1	0.47mi
2935 NE 7th St #310 Ocala, FL	2.0	2.0	1146	$2,300	$2.01	15d	1	0.83mi
1311 SE 39th Ct Ocala, FL	3.0	2.0	2121	$2,500	$1.18	15d	1	0.88mi
2321 NE 3rd St Ocala, FL	1.0–3.0	1.0–2.0	1010	$990	$0.98	15d	1	0.94mi
2701 NE 7th St Ocala, FL	1.0–3.0	1.0–2.0	998	$1,549	$1.55	15d	16	0.96mi
3246 NE 7th Ln Ocala, FL	4.0	2.0	1421	$1,850	$1.30	15d	1	0.99mi
1231 SE 40th Ct Ocala, FL	3.0	2.0	2220	$2,500	$1.13	15d	1	1.01mi
2701 NE 10th St #406 Ocala, FL	2.0	2.5	1200	$1,450	$1.21	15d	1	1.16mi
1906 SE Clatter Bridge Rd Ocala, FL	3.0	2.5	2176	$2,400	$1.10	23d	1	1.28mi
546 NE 43rd Ct Ocala, FL	4.0	2.5	1904	$2,000	$1.05	15d	1	1.32mi
4505 SE 12th Pl Ocala, FL	3.0	2.0	1551	$1,750	$1.13	23d	1	1.33mi
1713 NE 2nd St Ocala, FL	2.0	1.5	1200	$1,289	$1.07	23d	1	1.34mi
1718 NE 3rd St Ocala, FL	2.0	1.5	1200	$1,289	$1.07	23d	1	1.35mi
1718 NE 3rd St Ocala, FL	2.0	1.5	1200	$1,289	$1.07	15d	1	1.35mi
1706 NE 4th St Ocala, FL	3.0	2.0	1573	$2,100	$1.34	15d	1	1.39mi
45 SE 15th Ter Ocala, FL	2.0	2.5	1900	$1,800	$0.95	23d	1	1.46mi
43 SE 15th Ter Ocala, FL	3.0	2.5	1900	$2,300	$1.21	23d	1	1.46mi

Listing history 11 events

1. 2026-06-21
   days on market $219,000 Active 14 DOM
2. 2026-06-18
   days on market $219,000 Active 11 DOM
3. 2026-06-17
   days on market $219,000 Active 10 DOM
4. 2026-06-16
   days on market $219,000 Active 9 DOM
5. 2026-06-15
   days on market $219,000 Active 8 DOM
6. 2026-06-14
   days on market $219,000 Active 6 DOM
7. 2026-06-13
   days on market $219,000 Active 5 DOM
8. 2026-06-10
   days on market $219,000 Active 3 DOM
9. 2026-06-09
   days on market $219,000 Active 2 DOM
10. 2026-06-08
    remarks 699-char remark
11. 2026-06-08
    listed $219,000 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: $1,807 · $151/mo
• Projected year-2 tax: $1,818 · $151/mo
• Expected delta: +$11/yr (+$1/mo · 0.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,558
• − Mortgage interest: −$12,267
• − Property taxes: −$1,807
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,805
• − Management: −$1,805
• − Depreciation: −$6,371
• Taxable loss: −$2,591
• Est. tax savings @ 24.0%: +$622
• After-tax cash flow: $1,759/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 — Ocala

• Score: 69/100
• State rank: #476
• US rank: #8461

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocala, FL
• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 28,342
• Household income: $65,789
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1494.0

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: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 16% Two or more races 11% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 3% Dominican 1%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, Jamaica, Dominican Republic
• Languages at home: 86% English-only · Spanish 11% Other Asian/Pacific 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: ▼ -176.55%
• Current HPI: 224.1709
• Rent YoY: ▼ -0.64%
• 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

+1431.5% since first listed

8 events — show timeline

• 2026-06-07 Listed $219,000 Stellar MLS as Distributed by MLS Grid
• 2020-04-17 Sold (Public Records) $133,000 Public Records
• 2020-04-15 Sold (MLS) $133,000 Stellar MLS as Distributed by MLS Grid
• 2020-02-21 Listed $138,900 Stellar MLS as Distributed by MLS Grid
• 2013-08-02 Sold (Public Records) $54,000 Public Records
• 2013-07-31 Sold (MLS) $54,000 Stellar MLS as Distributed by MLS Grid
• 2013-06-11 Listed $56,900 Stellar MLS as Distributed by MLS Grid
• 1970-06-01 Sold (Public Records) $14,300 Public Records

Property tax history

+13.5%/yr

Latest (2025): $1,807 · +1.9% YoY. Source: county tax records.