1851 SE 176th Ave · Silver Springs Shores East, FL 34488

$179,900

3 bd · 2.0 ba · 1,572 sqft · SingleFamily public records · 3 Days on market

Built 1979 10,019 sqft lot Est $242k · 26% under $4/mo HOA

---

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 +20.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +5.6/10.0
• 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

This home features 3 bedrooms, 2 baths and 1572 square feet of living space under air. It has an additional workshop room and laundry room for additional square footage and storage not under air located just behind the screened in carport. When you enter through the front or side doors you walk into the kitchen, dining and living areas that are located in the front of the home. The two larger bedrooms are located at the back of the home. You can access the additional living space and laundry through the primary bedroom or the screened carport. Silver Springs Woods subdivision adjoins Ocala National Forest and only two miles from amenities including grocery store, post office, bank, CVS and restaurants. The beautiful Silver Springs State Park is located 15 minutes west offering kayaking, paddleboarding, boating and nature walks. To the East are Juniper Springs and Astor which features fishing, hunting and boating on the St John's River flowing into Lake George. Home needs some TLC but you can customize this home to your preferences. Being sold below recent appraised value.

Key facts

• New ac unit
• Large family room
• Laundry unit

Tags

• FENCED IN BACK YARD
• NEW AC UNIT
• LAUNDRY UNIT
• LARGE FAMILY ROOM
• WALKING TRAILS
• KAYAKING

Property features AI

Finance

• Other: No lease restrictions indicated
• HOA & community: Has HOA (annual fee $58; roughly $4.83/month); Association name listed as Terri McDonald; Association fee required; Pets allowed

Exterior

• Parking: Has carport (1 space)
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Single family residence; Residential property; One-story; Faces west; Entry on main level
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.23-acre lot (approx. 75 x 135)
• Exterior features: Front porch; On-site storage; Asphalt/paved road access

Interior

• Kitchen: Dishwasher; Range
• Bedrooms: 3 bedrooms (total)
• Flooring: Carpet; Ceramic tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Heat pump; Central air conditioning
• Interior features: Ceiling fans; Kitchen and family room combo; Storage
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Cap rate 7.8% 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 C — 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.
• Zoned schools: East Marion Elementary School (math 29% / reading 37%, grade F, #1,773 of 2,144 statewide, top 83%, 620 students, 79% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 201 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $145k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $179,900

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.06% ✓
• Cap rate: 7.81%
• Cash-on-cash: 5.43%
• DSCR: 1.24
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $242,088
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17601 SE 10th St	0.59mi	2/2.0 (-1)	1,589 (+1%)	10mo	$245,000	$154	58
2750 SE 179th Ave	0.65mi	3/2.5	1,481 (-6%)	7mo	$245,000	$165	52
17360 SE 24th Lane Rd	0.45mi	2/2.5 (-1)	1,468 (-7%)	24mo	$145,000	$99	41

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: -7.9%
• Equity multiple: 0.71×
• Total profit: $-14,577
• Equity at exit: $26,824

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $6,204
• Equity at exit: $15,554

Cash invested: $50,372 (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 34488

• Home prices YoY: -26.1%
• Active inventory: 201
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,900 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$251 /mo · $3,006/yr
• Insurance: −$75
• HOA: −$4
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $228

Break-even live

Break-even rent $1,611

Max offer price $179,900

Occupancy floor 83%

Sensitivity live

Price	-10% $330	-5% $279	+0% $228	+5% $177	+10% $126
Rent	-10% $78	-5% $153	+0% $228	+5% $303	+10% $378
Rate	-1.0pp $319	-0.5pp $274	base $228	+0.5pp $181	+1.0pp $134

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1762 SE 164th Cir Ocklawaha, FL	3.0	3.0	2000	$1,900	$0.95	21d	1	1.21mi

HOA detail

• Monthly dues: $4 · $48/yr

Listing history 5 events

1. 2026-06-18
   days on market $179,900 Active 3 DOM
2. 2026-06-17
   remarks 628-char remark
3. 2026-06-17
   days on market $179,900 Active 2 DOM
4. 2026-06-15
   remarks 607-char remark
5. 2026-06-15
   listed $179,900 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: $3,006 · $251/mo
• Projected year-2 tax: $3,006 · $251/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 ≥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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,800
• − Mortgage interest: −$10,077
• − Property taxes: −$3,006
• − Insurance: −$900
• − Repairs & maintenance: −$1,824
• − Management: −$1,824
• − HOA: −$48
• − Depreciation: −$5,233
• Taxable loss: −$113
• Est. tax savings @ 24.0%: +$27
• After-tax cash flow: $2,764/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

• Population (ZIP): 11,525

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Serbian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 2%

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: ▼ -80.45%
• Current HPI: 227.3763
• Rent YoY: —
• Metro: —
• 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

+299.8% since first listed

8 events — show timeline

• 2026-06-15 Listed $179,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-28 Sold (MLS) $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-02 Price Changed $169,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-26 Listed $184,900 Stellar MLS as Distributed by MLS Grid
• 2000-05-10 Sold (Public Records) $28,000 Public Records
• 1997-05-29 Sold (Public Records) $65,000 Public Records
• 1985-04-01 Sold (Public Records) $45,000 Public Records

Property tax history

+6.7%/yr

Latest (2025): $3,006 · +7.7% YoY. Source: county tax records.