6485 NE 2nd St · Silver Springs, FL 34470

$119,000

2 bd · 2.0 ba · 1,338 sqft · Manufactured public records · 395 Days on market

Built 1980 7,405 sqft lot $89/sqft · at area comps Est $117k · at est. $150/mo HOA · 9% of rent

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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 +27.1/30.0
• DSCR +9.4/10.0
• 1% rule +8.3/10.0
• ARV discount +6.7/15.0
• 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

Welcome to this 2 bedroom, 2 bath double wide mobile home with an additional family/living room with gas fireplace under heat and air bringing the sq footage to 1704. The home is located in the all ages community of Ocala East Villas where you also own the land. NO LOT RENT! Laminate flooring in wet areas. Home offers built in cabinets and tons of storage. The home boasts a 540 sq foot workspace/workshop area with a roll up door. Laundry room is outside, but there are hook ups inside the home if you prefer. Tons of storage space inside (cabinets galore and 2 pantries) and out. Backyard is fenced in. Come see this home and what this community has to offer. Low HOA of $150 per month covers water, sewer and trash. Community offers pool, clubhouse, library, workout room, shuffleboard and monthly activities. If available a space in the RV lot can be obtained for an additional 1 time fee.

Key facts

• Fenced back yard
• Gas fireplace
• Built-in cabinets

Tags

• DOUBLE WIDE MOBILE HOME
• BUILT-IN CABINETS
• GAS FIREPLACE
• FENCED BACK YARD
• LAUNDRY ROOM HOOK UPS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $119k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $119k).
• Recommended offer: $105k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 4.2% in Silver Springs — 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.
• Market conditions: Rents soft (-0.1%/yr); 294 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 36% of the median local income ($52k/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 $823 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.

Negotiation context

• It's been on market 395 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 21y ago; this cycle's ask has dropped $31k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $87k; 37% 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; moderate 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 $104,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 395 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.33% ✓
• Cap rate: 9.69%
• Cash-on-cash: 12.12%
• DSCR: 1.54
• GRM: 6.3

CMA / ARV

• ARV (median comp): $116,860
• List price: $119,000
• Delta: 1.83%
• Verdict: FAIR
• Comps: 5 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6500 NE 3rd St	0.07mi	2/2.0	1,244 (-7%)	2mo	$144,900	$116	83
25 NE 66th Ct	0.17mi	3/2.0 (+1)	1,338 (0%)	6mo	$114,900	$86	82
6786 NE 5th Pl	0.33mi	2/2.0	1,243 (-7%)	6mo	$118,000	$95	68
9 SE 70th Cir	0.51mi	3/2.0 (+1)	1,166 (-13%)	7mo	$185,000	$159	44

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: -2.0%
• Equity multiple: 0.93×
• Total profit: $-2,401
• Equity at exit: $17,743

10-year hold

• IRR: 3.8%
• Equity multiple: 1.24×
• Total profit: $7,936
• Equity at exit: $10,289

Cash invested: $33,320 (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 34470

• Home prices YoY: -27.6%
• Rents YoY: -0.1%
• Active inventory: 294
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,580 high
• Mortgage (P&I): −$624
• Tax from tax record: −$88 /mo · $1,054/yr
• Insurance: −$50
• HOA: −$150
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $337

Break-even live

Break-even rent $1,154

Max offer price $119,000

Occupancy floor 74%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15 NE 63rd Ct Ocala, FL	3.0	2.0	1500	$1,700	$1.13	21d	1	0.18mi
6772 NE 1st St Unit Na Ocala, FL	3.0	2.0	1300	$1,500	$1.15	13d	1	0.23mi
6859 NE 1st Pl Ocala, FL	3.0	2.0	1250	$1,400	$1.12	21d	1	0.27mi
100 SE 68th Ct Ocala, FL	3.0	2.0	1612	$1,850	$1.15	21d	1	0.32mi
6858 NE 2nd Loop Ocala, FL	2.0	2.0	950	$1,250	$1.32	21d	1	0.33mi
6001 SE 4th Pl Ocala, FL	3.0	2.0	1865	$2,295	$1.23	13d	1	0.58mi
5725 SE 3rd Pl Ocala, FL	3.0	2.0	1608	$1,550	$0.96	21d	1	0.67mi
1503 Peachtree Ln Ocala, FL	2.0	2.0	1152	$1,450	$1.26	21d	1	1.07mi
4907 NE 6th St Ocala, FL	3.0	2.0	1864	$2,200	$1.18	21d	1	1.44mi
6688 Cherry Rd Ocala, FL	3.0	2.0	1270	$1,950	$1.54	13d	1	1.48mi

HOA detail

• Monthly dues: $150 · $1,800/yr
• Likely covers: watersewertrashgaspool

Listing history 23 events

1. 2026-06-18
   days on market $119,000 Active 395 DOM
2. 2026-06-17
   days on market $119,000 Active 394 DOM
3. 2026-06-16
   days on market $119,000 Active 393 DOM
4. 2026-06-15
   days on market $119,000 Active 392 DOM
5. 2026-06-14
   days on market $119,000 Active 390 DOM
6. 2026-06-13
   days on market $119,000 Active 389 DOM
7. 2026-06-10
   days on market $119,000 Active 387 DOM
8. 2026-06-09
   days on market $119,000 Active 386 DOM
9. 2026-06-08
   days on market $119,000 Active 385 DOM
10. 2026-06-07
    days on market $119,000 Active 384 DOM
11. 2026-06-03
    days on market $119,000 Active 380 DOM
12. 2026-06-02
    days on market $119,000 Active 379 DOM
13. 2026-05-31
    days on market $119,000 Active 377 DOM
14. 2026-05-30
    days on market $119,000 Active 376 DOM
15. 2026-04-06
    price $119,000 895-char remark

    Show marketing remark (895 chars)

    Welcome to this 2 bedroom, 2 bath double wide mobile home with an additional family/living room with gas fireplace under heat and air bringing the sq footage to 1704. The home is located in the all ages community of Ocala East Villas where you also own the land. NO LOT RENT! Laminate flooring in wet areas. Home offers built in cabinets and tons of storage. The home boasts a 540 sq foot workspace/workshop area with a roll up door. Laundry room is outside, but there are hook ups inside the home if you prefer. Tons of storage space inside (cabinets galore and 2 pantries) and out. Backyard is fenced in. Come see this home and what this community has to offer. Low HOA of $150 per month covers water, sewer and trash. Community offers pool, clubhouse, library, workout room, shuffleboard and monthly activities. If available a space in the RV lot can be obtained for an additional 1 time fee.

16. 2026-01-21
    price $129,000 895-char remark

    Show marketing remark (895 chars)

    Welcome to this 2 bedroom, 2 bath double wide mobile home with an additional family/living room with gas fireplace under heat and air bringing the sq footage to 1704. The home is located in the all ages community of Ocala East Villas where you also own the land. NO LOT RENT! Laminate flooring in wet areas. Home offers built in cabinets and tons of storage. The home boasts a 540 sq foot workspace/workshop area with a roll up door. Laundry room is outside, but there are hook ups inside the home if you prefer. Tons of storage space inside (cabinets galore and 2 pantries) and out. Backyard is fenced in. Come see this home and what this community has to offer. Low HOA of $150 per month covers water, sewer and trash. Community offers pool, clubhouse, library, workout room, shuffleboard and monthly activities. If available a space in the RV lot can be obtained for an additional 1 time fee.

17. 2025-09-17
    price $139,000 895-char remark

    Show marketing remark (895 chars)

    Welcome to this 2 bedroom, 2 bath double wide mobile home with an additional family/living room with gas fireplace under heat and air bringing the sq footage to 1704. The home is located in the all ages community of Ocala East Villas where you also own the land. NO LOT RENT! Laminate flooring in wet areas. Home offers built in cabinets and tons of storage. The home boasts a 540 sq foot workspace/workshop area with a roll up door. Laundry room is outside, but there are hook ups inside the home if you prefer. Tons of storage space inside (cabinets galore and 2 pantries) and out. Backyard is fenced in. Come see this home and what this community has to offer. Low HOA of $150 per month covers water, sewer and trash. Community offers pool, clubhouse, library, workout room, shuffleboard and monthly activities. If available a space in the RV lot can be obtained for an additional 1 time fee.

18. 2025-05-19
    listed $149,900 Active 895-char remark

    Show marketing remark (895 chars)

    Welcome to this 2 bedroom, 2 bath double wide mobile home with an additional family/living room with gas fireplace under heat and air bringing the sq footage to 1704. The home is located in the all ages community of Ocala East Villas where you also own the land. NO LOT RENT! Laminate flooring in wet areas. Home offers built in cabinets and tons of storage. The home boasts a 540 sq foot workspace/workshop area with a roll up door. Laundry room is outside, but there are hook ups inside the home if you prefer. Tons of storage space inside (cabinets galore and 2 pantries) and out. Backyard is fenced in. Come see this home and what this community has to offer. Low HOA of $150 per month covers water, sewer and trash. Community offers pool, clubhouse, library, workout room, shuffleboard and monthly activities. If available a space in the RV lot can be obtained for an additional 1 time fee.

19. 2005-06-16
    soldstatus $87,000
20. 2005-05-31
    soldstatus $87,000 222-char remark

    Show marketing remark (222 chars)

    ALMOST 1700 SQ FT W/ SPECTACULAR FAMILY RM W/ GAS LOG FIREPLACE. OPEN SPACIOUS FLOOR PLAN W/ NEWER APPLIANCES, NEWER CARPET IN BREAKFAST RM, DINING RM W/ BUILT-INS, LARGE LIVING RM, GENEROUS MASTER SUITE W/ WALK-IN CLOSET.

21. 2005-05-05
    listed $84,900 222-char remark

    Show marketing remark (222 chars)

    ALMOST 1700 SQ FT W/ SPECTACULAR FAMILY RM W/ GAS LOG FIREPLACE. OPEN SPACIOUS FLOOR PLAN W/ NEWER APPLIANCES, NEWER CARPET IN BREAKFAST RM, DINING RM W/ BUILT-INS, LARGE LIVING RM, GENEROUS MASTER SUITE W/ WALK-IN CLOSET.

22. 2003-07-22
    soldstatus $65,000
23. 2001-11-02
    soldstatus $65,000

ⓘ 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: $1,054 · $88/mo
• Projected year-2 tax: $1,054 · $88/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 5/10 Major
• 🌡 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: $18,957
• − Mortgage interest: −$6,666
• − Property taxes: −$1,054
• − Insurance: −$595
• − Repairs & maintenance: −$1,517
• − Management: −$1,517
• − HOA: −$1,800
• − Depreciation: −$3,462
• Taxable income: $2,347
• Est. tax owed @ 24.0%: −$563
• After-tax cash flow: $3,475/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

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): 22,443
• Household income: $52,083
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 771.0

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 (71%)
• Race & ethnicity: White 71% Two or more races 12% Hispanic / Latino 12% Black 10% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 2%
• Foreign-born: 6% · Canada, Jamaica, Vietnam
• Languages at home: 89% English-only · Spanish 9%

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: ▼ -92.74%
• Current HPI: 242.686
• Rent YoY: ▼ -0.07%
• 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

+83.1% since first listed

9 events — show timeline

• 2026-04-06 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-21 Price Changed $129,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-17 Price Changed $139,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-19 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2005-06-16 Sold (Public Records) $87,000 Public Records
• 2005-05-31 Sold (MLS) $87,000 Stellar MLS as Distributed by MLS Grid
• 2005-05-05 Listed $84,900 Stellar MLS as Distributed by MLS Grid
• 2003-07-22 Sold (Public Records) $65,000 Public Records
• 2001-11-02 Sold (Public Records) $65,000 Public Records

Property tax history

+8.0%/yr

Latest (2025): $1,054 · +26.1% YoY. Source: county tax records.