5888 SE 164th Ave · Silver Springs Shores East, FL 32179

$134,900

3 bd · 1.0 ba · 920 sqft · Manufactured public records · 170 Days on market

Built 1973 0.45 ac lot $147/sqft · 163% above area

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Why this score? — see what drove the B- 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 +30.0/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Recently remodeled Lake Access Doublewide Mobile home with garage on a . 44 of an acre paved road property! Featuring a well kept 1973 3/1 958 sq ft Doublewide Mobile home. The entire home sits on a footer and concrete block foundation. The roof is a 2005 built up roof with 25 year siliconed roof screws. The central A/C Heat pump and trunk lines are approximately a 2021 model. The unattahced one car garage has both 120 & 240 volt electric with a separate built in removeable utility room partition. Attached is a 3x6 shed and a 6x9 shed. All trees were recently trimmed in 2024. Also included is an 8x10 2023 shed with a second washer and dryer hook up. On the front of the home is a breezy 10x18 sunrise screened room and on the back is a second 10x20 sunset screen room. The well pump and tank was replaced in 2023 and the drain field replaced in 2014 (pumped in 2023). The 3rd bedroom serves as a laundry room/bedroom combination. The following items were replaced in 2017: Bathroom with fiberglass tub, sheet rock interior walls through out, 25 solid wood kitchen cabinets with island work station, electrical , an attractive recessed ceiling in living room for the 2017 ceiling fan, interior paint, light fixtures, water heater, laminate, vinyl, tile & carpet flooring, high rise commode, gutter and bath storage cabinet. Also included is a 2023 Glass Top Range , 2023 over/under washer dryer. Also installed was new plumbing in 2025. The property fronts on two different quiet paved roads and has community lake access to a chain of lakes on 45 acre Lake Placid (see plat maps attached). The affordable average electric bill runs $120 to $133 per month. The local Moose Lodge is just 5 minutes away and is accepting new members. This is a developed property in a lovely neighborhood just 10 minutes from the Winn Dixie Shopping Center and more. An absolute great buy at just $134,900. Home is located in the Ocala National Forest which affords you almost a ½ million acres of Forest to roam, 600 lakes, 2 rivers, Juniper Springs, Silver Glen Springs, Salt Springs, Swimming, Skiing, Big BASS Fishing, Boating, Camping, Hiking, Horse back riding and some of the best ATV riding anywhere. Daytona Beach is just 1 hour away. Let the fun begin! You need it!

Key facts

• Paved road property
• Lake access
• Built up roof

Tags

• LAKE ACCESS
• DOUBLEWIDE MOBILE HOME
• PAVED ROAD PROPERTY
• BUILT UP ROOF
• CENTRAL A/C HEAT PUMP
• UNATTACHED ONE CAR GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $503 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 5.2% in Silver Springs Shores East — 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: area grade B — 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.
• Market conditions: 426 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 43% of the median local income ($47k/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 $933 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 170 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y 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; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 170 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.23% ✓
• Cap rate: 10.76%
• Cash-on-cash: 15.97%
• DSCR: 1.71
• GRM: 6.8

CMA / ARV

• ARV (median comp): $53,450
• List price: $134,900
• Delta: 152.39%
• Verdict: OVERPRICED
• Comps: 4 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6335 SE 159th Ct	0.44mi	2/2.0 (-1)	840 (-9%)	4mo	$50,000	$60	52

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 6.9%
• Equity multiple: 1.27×
• Total profit: $10,106
• Equity at exit: $20,114

10-year hold

• IRR: 16.2%
• Equity multiple: 2.32×
• Total profit: $49,824
• Equity at exit: $11,664

Cash invested: $37,772 (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 32179

• Home prices YoY: -18.3%
• Active inventory: 426
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,662 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$47 /mo · $561/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $503

Break-even live

Break-even rent $1,026

Max offer price $134,900

Occupancy floor 65%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-18
   days on market $134,900 Active 170 DOM
2. 2026-06-17
   days on market $134,900 Active 169 DOM
3. 2026-06-16
   days on market $134,900 Active 168 DOM
4. 2026-06-15
   days on market $134,900 Active 167 DOM
5. 2026-06-14
   days on market $134,900 Active 165 DOM
6. 2026-06-13
   days on market $134,900 Active 164 DOM
7. 2026-06-10
   days on market $134,900 Active 162 DOM
8. 2026-06-09
   days on market $134,900 Active 161 DOM
9. 2026-06-08
   days on market $134,900 Active 160 DOM
10. 2026-06-07
    days on market $134,900 Active 159 DOM
11. 2026-06-03
    days on market $134,900 Active 155 DOM
12. 2026-06-02
    days on market $134,900 Active 154 DOM
13. 2026-05-31
    days on market $134,900 Active 152 DOM
14. 2026-05-30
    days on market $134,900 Active 151 DOM
15. 2025-12-30
    listed $134,900 Active 2283-char remark

    Show marketing remark (2283 chars)

    Recently remodeled Lake Access Doublewide Mobile home with garage on a . 44 of an acre paved road property! Featuring a well kept 1973 3/1 958 sq ft Doublewide Mobile home. The entire home sits on a footer and concrete block foundation. The roof is a 2005 built up roof with 25 year siliconed roof screws. The central A/C Heat pump and trunk lines are approximately a 2021 model. The unattahced one car garage has both 120 & 240 volt electric with a separate built in removeable utility room partition. Attached is a 3x6 shed and a 6x9 shed. All trees were recently trimmed in 2024. Also included is an 8x10 2023 shed with a second washer and dryer hook up. On the front of the home is a breezy 10x18 sunrise screened room and on the back is a second 10x20 sunset screen room. The well pump and tank was replaced in 2023 and the drain field replaced in 2014 (pumped in 2023). The 3rd bedroom serves as a laundry room/bedroom combination. The following items were replaced in 2017: Bathroom with fiberglass tub, sheet rock interior walls through out, 25 solid wood kitchen cabinets with island work station, electrical , an attractive recessed ceiling in living room for the 2017 ceiling fan, interior paint, light fixtures, water heater, laminate, vinyl, tile & carpet flooring, high rise commode, gutter and bath storage cabinet. Also included is a 2023 Glass Top Range , 2023 over/under washer dryer. Also installed was new plumbing in 2025. The property fronts on two different quiet paved roads and has community lake access to a chain of lakes on 45 acre Lake Placid (see plat maps attached). The affordable average electric bill runs $120 to $133 per month. The local Moose Lodge is just 5 minutes away and is accepting new members. This is a developed property in a lovely neighborhood just 10 minutes from the Winn Dixie Shopping Center and more. An absolute great buy at just $134,900. Home is located in the Ocala National Forest which affords you almost a ½ million acres of Forest to roam, 600 lakes, 2 rivers, Juniper Springs, Silver Glen Springs, Salt Springs, Swimming, Skiing, Big BASS Fishing, Boating, Camping, Hiking, Horse back riding and some of the best ATV riding anywhere. Daytona Beach is just 1 hour away. Let the fun begin! You need it!

16. 2025-08-13
    status Pending
17. 2025-08-07
    listed $119,000 Active
18. 2023-06-14
    soldstatus $118,000 Closed
19. 2023-06-13
    soldstatus $118,000
20. 2023-05-15
    status Pending
21. 2023-05-01
    price $124,900
22. 2023-03-21
    price $129,900
23. 2023-01-24
    listed $139,900 Active
24. 2017-04-03
    soldstatus $43,000
25. 2017-02-28
    listed $44,900
26. 2010-06-28
    soldstatus $62,000
27. 2010-06-24
    soldstatus $62,000
28. 2007-12-24
    listed $64,900
29. 2007-04-18
    soldstatus $50,000
30. 2007-04-06
    soldstatus $50,000
31. 2007-01-16
    listed $65,900
32. 2004-03-25
    soldstatus $35,000
33. 2004-03-18
    soldstatus $35,000
34. 2004-02-06
    listed $37,900

ⓘ 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: $561 · $47/mo
• Projected year-2 tax: $1,120 · $93/mo
• Expected delta: +$558/yr (+$47/mo · 99.5%)

ⓘ 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 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 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: $19,946
• − Mortgage interest: −$7,556
• − Property taxes: −$561
• − Insurance: −$674
• − Repairs & maintenance: −$1,596
• − Management: −$1,596
• − Depreciation: −$3,924
• Taxable income: $4,038
• Est. tax owed @ 24.0%: −$969
• After-tax cash flow: $5,063/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 East

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

Census & demographics

• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 9,318
• Household income: $46,512
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 303.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 12% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -54.21%
• Current HPI: 242.0408
• Rent YoY: —
• 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

+255.9% since first listed

20 events — show timeline

• 2025-12-30 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-08-07 Listed $119,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-14 Sold (MLS) $118,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-13 Sold (Public Records) $118,000 Public Records
• 2023-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-01 Price Changed $124,900 Stellar MLS as Distributed by MLS Grid
• 2023-03-21 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2023-01-24 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2017-04-03 Sold (MLS) $43,000 Stellar MLS as Distributed by MLS Grid
• 2017-02-28 Listed $44,900 Stellar MLS as Distributed by MLS Grid
• 2010-06-28 Sold (Public Records) $62,000 Public Records
• 2010-06-24 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2007-12-24 Listed $64,900 Stellar MLS as Distributed by MLS Grid
• 2007-04-18 Sold (Public Records) $50,000 Public Records
• 2007-04-06 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
• 2007-01-16 Listed $65,900 Stellar MLS as Distributed by MLS Grid
• 2004-03-25 Sold (Public Records) $35,000 Public Records
• 2004-03-18 Sold (MLS) $35,000 Stellar MLS as Distributed by MLS Grid
• 2004-02-06 Listed $37,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.4%/yr

Latest (2025): $561 · +60.7% YoY. Source: county tax records.