3625 NE 20th Pl · Ocala, FL 34470

$130,000

2 bd · 1.5 ba · 1,154 sqft · Condo public records · 244 Days on market

Built 1984 $113/sqft · 22% below area Est $167k · 22% under

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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 +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.5/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

$2,000 CREDIT TOWARDS BUYERS CLOSING COSTS WITH FULL PRICE OFFER! Charming two-story townhome located in Northeast Ocala! This well-maintained home features 2 bedrooms and 1.5 baths with a comfortable layout. The main floor offers a spacious living room, kitchen, and convenient half bath. Upstairs, you’ll find two cozy bedrooms and a full bath. Interior finishes include a mix of carpet and vinyl flooring. The home comes equipped with a stove, refrigerator, washer, and dryer for added convenience. Great location close to shopping, dining, and local amenities! Don't wait, schedule your viewing today!

Key facts

• Great location
• Convenient half bath
• Two story townhome

Tags

• TWO STORY TOWNHOME
• SPACIOUS LIVING ROOM
• CONVENIENT HALF BATH
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $130k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 4.2% 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.
• Market conditions: Rents soft (-0.1%/yr); 294 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 32% 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 $899 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 244 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 18y 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 $87k; 49% 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 $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 244 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. 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?
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.05% ✓
• Cap rate: 7.99%
• Cash-on-cash: 6.06%
• DSCR: 1.27
• GRM: 7.9

CMA / ARV

• ARV (median comp): $166,722
• List price: $130,000
• Delta: -22.03%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -10.4%
• Equity multiple: 0.63×
• Total profit: $-13,353
• Equity at exit: $19,383

10-year hold

• IRR: -5.9%
• Equity multiple: 0.67×
• Total profit: $-11,972
• Equity at exit: $11,240

Cash invested: $36,400 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,368 high
• Mortgage (P&I): −$682
• Tax from tax record: −$161 /mo · $1,932/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $184

Break-even live

Break-even rent $1,135

Max offer price $130,000

Occupancy floor 82%

Sensitivity live

Price	-10% $257	-5% $221	+0% $184	+5% $147	+10% $110
Rent	-10% $76	-5% $130	+0% $184	+5% $238	+10% $292
Rate	-1.0pp $249	-0.5pp $217	base $184	+0.5pp $150	+1.0pp $116

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3651 NE 20th Pl Ocala, FL	2.0	1.5	1178	$1,350	$1.15	22d	1	0.05mi
1725 NE 36th Ave Ocala, FL	2.0–3.0	1.0–2.0	1186	$1,350	$1.14	14d	5	0.17mi
2305 NE 40th Ave Ocala, FL	2.0	2.0	1110	$1,425	$1.28	14d	1	0.36mi
1529 NE 39th Ave Ocala, FL	1.0–2.0	1.0	720	$1,290	$1.79	14d	12	0.44mi
NE 21st St Ocala, FL	2.0	1.5	1178	$1,199	$1.02	22d	1	0.60mi
1312 NE 33rd Ave Ocala, FL	2.0	1.0	950	$1,499	$1.58	14d	1	0.64mi
2701 NE 10th St #406 Ocala, FL	2.0	2.5	1200	$1,450	$1.21	14d	1	1.09mi
720 NE 30th Ave Unit 720-P Ocala, FL	2.0	1.0	945	$1,100	$1.16	22d	1	1.12mi
720 NE 30th Ave Unit 720-H Ocala, FL	2.0	1.0	945	$1,195	$1.26	22d	1	1.12mi
720 NE 30th Ave Unit 720-U Ocala, FL	2.0	1.0	945	$995	$1.05	22d	1	1.12mi
2935 NE 7th St #310 Ocala, FL	2.0	2.0	1146	$2,300	$2.01	14d	1	1.16mi
2701 NE 7th St Ocala, FL	1.0–3.0	1.0–2.0	998	$1,424	$1.43	14d	16	1.25mi
411 NE 26th Ct Ocala, FL	2.0	1.0	1000	$1,299	$1.30	14d	1	1.44mi
3650 NE 41st St Unit A Ocala, FL	2.0	1.0	750	$1,025	$1.37	22d	1	1.46mi
3800 NE 41st St Unit C Ocala, FL	2.0	1.0	770	$1,049	$1.36	22d	1	1.46mi
2620 NE 52nd Ct Silver Springs, FL	1.0–2.0	1.0–2.0	821	$1,499	$1.83	14d	6	1.49mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-18
   days on market $130,000 Active 244 DOM
2. 2026-06-17
   days on market $130,000 Active 243 DOM
3. 2026-06-16
   days on market $130,000 Active 242 DOM
4. 2026-06-15
   days on market $130,000 Active 241 DOM
5. 2026-06-14
   days on market $130,000 Active 239 DOM
6. 2026-06-13
   days on market $130,000 Active 238 DOM
7. 2026-06-10
   days on market $130,000 Active 236 DOM
8. 2026-06-09
   days on market $130,000 Active 235 DOM
9. 2026-06-08
   days on market $130,000 Active 234 DOM
10. 2026-06-07
    days on market $130,000 Active 233 DOM
11. 2026-06-03
    days on market $130,000 Active 229 DOM
12. 2026-06-02
    days on market $130,000 Active 228 DOM
13. 2026-05-31
    days on market $130,000 Active 226 DOM
14. 2026-05-30
    days on market $130,000 Active 225 DOM
15. 2026-01-28
    price $130,000 611-char remark

    Show marketing remark (611 chars)

    $2,000 CREDIT TOWARDS BUYERS CLOSING COSTS WITH FULL PRICE OFFER! Charming two-story townhome located in Northeast Ocala! This well-maintained home features 2 bedrooms and 1.5 baths with a comfortable layout. The main floor offers a spacious living room, kitchen, and convenient half bath. Upstairs, you’ll find two cozy bedrooms and a full bath. Interior finishes include a mix of carpet and vinyl flooring. The home comes equipped with a stove, refrigerator, washer, and dryer for added convenience. Great location close to shopping, dining, and local amenities! Don't wait, schedule your viewing today!

16. 2025-10-17
    listed $135,000 Active 611-char remark

    Show marketing remark (611 chars)

    $2,000 CREDIT TOWARDS BUYERS CLOSING COSTS WITH FULL PRICE OFFER! Charming two-story townhome located in Northeast Ocala! This well-maintained home features 2 bedrooms and 1.5 baths with a comfortable layout. The main floor offers a spacious living room, kitchen, and convenient half bath. Upstairs, you’ll find two cozy bedrooms and a full bath. Interior finishes include a mix of carpet and vinyl flooring. The home comes equipped with a stove, refrigerator, washer, and dryer for added convenience. Great location close to shopping, dining, and local amenities! Don't wait, schedule your viewing today!

17. 2024-12-17
    historical
18. 2024-10-29
    price $119,900
19. 2024-09-03
    status Active
20. 2024-05-18
    status Pending
21. 2024-05-17
    listed $130,000 Active
22. 2016-06-24
    historical
23. 2014-12-10
    listed $29,900
24. 2014-11-24
    historical
25. 2014-10-01
    listed $29,680
26. 2009-02-11
    historical
27. 2008-02-11
    listed $84,900
28. 2005-10-06
    soldstatus $87,000
29. 2004-09-20
    soldstatus $862,000
30. 1996-08-01
    soldstatus $749,000
31. 1992-12-01
    soldstatus $18,000

ⓘ 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: $1,932 · $161/mo
• Projected year-2 tax: $1,932 · $161/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 3/10 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,415
• − Mortgage interest: −$7,282
• − Property taxes: −$1,932
• − Insurance: −$650
• − Repairs & maintenance: −$1,313
• − Management: −$1,313
• − Depreciation: −$3,782
• Taxable income: $142
• Est. tax owed @ 24.0%: −$34
• After-tax cash flow: $2,171/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): 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

+622.2% since first listed

17 events — show timeline

• 2026-01-28 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-17 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-10-29 Price Changed $119,900 Stellar MLS as Distributed by MLS Grid
• 2024-09-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-17 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2016-06-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-12-10 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 2014-11-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-10-01 Listed $29,680 Stellar MLS as Distributed by MLS Grid
• 2009-02-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-02-11 Listed $84,900 Stellar MLS as Distributed by MLS Grid
• 2005-10-06 Sold (Public Records) $87,000 Public Records
• 2004-09-20 Sold (Public Records) $862,000 Public Records
• 1996-08-01 Sold (Public Records) $749,000 Public Records
• 1992-12-01 Sold (Public Records) $18,000 Public Records

Property tax history

+12.0%/yr

Latest (2025): $1,932 · +3.5% YoY. Source: county tax records.