3901 SE 56th Ave · Silver Springs Shores, FL 34480

$170,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 37 Days on market

Built 1992 10,454 sqft lot

---

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 +13.6/30.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

Key facts

• 0.24 acre lot
• Built 1992
• Listed 37 days

Property features AI

Finance

• Other: Homestead exempt
• Financial info:
• HOA & community: No association

Exterior

• Parking:
• Security:
• Utilities: Well water; Septic tank; Electricity connected (public)
• Home design: Manufactured double-wide home; Single story; Faces west
• Construction: Vinyl siding; Metal roof; Crawlspace foundation; Built as a double wide manufactured home
• Exterior features: Covered patio/porch; Deck; Playground; Wood fencing; Cleared, level, private lot; Dirt road access

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Solid surface counters
• Bedrooms: 3 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Formal dining area; Open floorplan; Solid surface counters; Split bedroom layout
• Laundry & utility: Washer; Dryer; Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $170k.

Deal economics

• At list price, monthly cash flow is $10 ($126/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 $144k (15.5% below list).
• Recommended offer: $144k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.8% 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, amenities 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: Maplewood Elementary School (math 63% / reading 47%, grade C, #872 of 2,144 statewide, top 42%, 817 students, 56% FRL); Osceola Middle School (math 60% / reading 58%, grade B, #144 of 571 statewide, top 26%, 999 students, 44% FRL); Forest High School (math 36% / reading 54%, grade D-, #228 of 667 statewide, top 35%, 2,325 students, 42% FRL).
• Market conditions: Rents rising (+2.8%/yr); 350 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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

• It's been on market 37 days — a 3% lower offer ($165k) is reasonable based on typical stale-listing flexibility.
• 8 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $143,658 (15.5% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
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. 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: 0.85% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.26%
• DSCR: 1.01
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.84% rent growth · sell at horizon

5-year hold

• IRR: -16.1%
• Equity multiple: 0.43×
• Total profit: $-27,121
• Equity at exit: $25,348

10-year hold

• IRR: -8.0%
• Equity multiple: 0.50×
• Total profit: $-23,741
• Equity at exit: $14,698

Cash invested: $47,600 (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 34480

• Home prices YoY: -28.7%
• Rents YoY: 2.8%
• Active inventory: 350
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,437 high
• Mortgage (P&I): −$891
• Tax from tax record: −$162 /mo · $1,945/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $10

Break-even live

Break-even rent $1,423

Max offer price $170,000

Occupancy floor 94%

Sensitivity live

Price	-10% $107	-5% $59	+0% $10	+5% $-38	+10% $-86
Rent	-10% $-103	-5% $-46	+0% $10	+5% $67	+10% $124
Rate	-1.0pp $96	-0.5pp $54	base $10	+0.5pp $-34	+1.0pp $-78

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5370 SE 30th Pl Unit Greenfields C Ocala, FL	2.0	2.0	1000	$1,150	$1.15	23d	1	0.64mi
3030 SE 53rd Ct Unit B Ocala, FL	2.0	2.0	854	$1,150	$1.35	23d	1	0.70mi
3030 SE 53rd Ct Unit A Ocala, FL	2.0	2.0	854	$1,200	$1.41	15d	1	0.70mi
5230 SE 31st St Unit Whispering Sands D Ocala, FL	2.0	1.5	1000	$1,050	$1.05	23d	1	0.70mi
5200 SE 31st St Unit D Ocala, FL	2.0	1.5	945	$1,250	$1.32	23d	1	0.72mi
2955 SE 53rd Ct Unit C Ocala, FL	2.0	2.0	854	$1,295	$1.52	23d	1	0.73mi
5435 SE 28th Ln Ocala, FL	2.0	2.0	868	$1,150	$1.32	23d	1	0.75mi
5011 SE 29th St Apt C Ocala, FL	2.0	1.0	1000	$990	$0.99	15d	1	0.93mi
9 Banyan Course Run Ocala, FL	3.0	2.0	1345	$1,599	$1.19	23d	1	0.95mi
62 Teak Loop Ocala, FL	3.0	1.0	1018	$1,450	$1.42	15d	1	1.10mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	23d	1	1.16mi
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	23d	1	1.19mi
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	23d	1	1.30mi
4549 SE 25th Loop Ocala, FL	3.0	2.0	1490	$1,850	$1.24	23d	1	1.33mi
9 Dogwood Trail Dr Ocala, FL	3.0	2.0	1110	$1,595	$1.44	23d	1	1.37mi

Listing history 20 events

1. 2026-05-08
   status Pending
2. 2026-04-01
   listed $170,000 Active
3. 2026-03-24
   status Active
4. 2026-03-24
   historical
5. 2026-03-19
   status Pending
6. 2026-02-17
   price $170,000
7. 2026-01-30
   listed $180,000 Active
8. 2022-05-02
   soldstatus $160,000
9. 2022-04-29
   soldstatus $160,000 Closed 185-char remark

   Show marketing remark (185 chars)

   Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

10. 2022-04-05
    status Pending 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

11. 2022-03-15
    status Active 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

12. 2022-02-22
    status Pending 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

13. 2022-02-18
    status Active 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

14. 2022-02-17
    status Pending 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

15. 2022-02-17
    status Active 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

16. 2022-02-13
    status Pending 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

17. 2022-02-10
    listed $169,000 Active 185-char remark

    Show marketing remark (185 chars)

    Do not wait on this completely remodeled 3 bedroom 2 bath adorable open floor plan home!!! Comes complete with custom cabinets, Granite counter tops, LVP flooring, New roof and AC guts.

18. 2017-08-14
    soldstatus $45,000
19. 2006-10-31
    historical
20. 2005-10-11
    listed $34,900

ⓘ 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: $1,945 · $162/mo
• Projected year-2 tax: $1,945 · $162/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 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 4/10 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,239
• − Mortgage interest: −$9,523
• − Property taxes: −$1,945
• − Insurance: −$850
• − Repairs & maintenance: −$1,379
• − Management: −$1,379
• − Depreciation: −$4,945
• Taxable loss: −$2,783
• Est. tax savings @ 24.0%: +$668
• After-tax cash flow: $793/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): 23,517
• Household income: $77,557
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 169.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 15% Two or more races 11% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5% Cuban 2% Dominican 2%
• Common ancestry: Italian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 89% English-only · Spanish 9% 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: ▼ -85.60%
• Current HPI: 212.4262
• Rent YoY: ▲ 2.84%
• 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

+387.1% since first listed

20 events — show timeline

• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-17 Price Changed $170,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Listed $180,000 Stellar MLS as Distributed by MLS Grid
• 2022-05-02 Sold (Public Records) $160,000 Public Records
• 2022-04-29 Sold (MLS) $160,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-03-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-02-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-02-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-02-13 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-10 Listed $169,000 Stellar MLS as Distributed by MLS Grid
• 2017-08-14 Sold (Public Records) $45,000 Public Records
• 2006-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-10-11 Listed $34,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.3%/yr

Latest (2025): $1,945 · +16.2% YoY. Source: county tax records.