208 NE 37th Ter · Ocala, FL 34470

$159,000

3 bd · 1.0 ba · 1,167 sqft · SingleFamily public records · 26 Days on market

Built 1958 8,276 sqft lot $136/sqft · 10% below area Est $177k · 10% 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 +18.3/30.0
• ARV discount +12.0/15.0
• DSCR +5.7/10.0
• 1% rule +4.6/10.0
• 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

Wonderful opportunity for investment property or first time home buyer! Conveniently located off of NE 36th Avenue, near shops, restaurants, etc. This 3/1 has a split bedroom plan, wood look tile throughout, two screened in porches, and a great yard. Recent updates include a BRAND NEW ROOF, New AC in 2019, updated windows, and freshly painted interior and exterior. Schedule your showing today!

Key facts

• Recreation
• Local schools
• Shopping

Tags

• LOCAL SCHOOLS
• GOLF COURSE
• SHOPPING
• DINING
• RECREATION

Property features AI

Finance

• Other: Lot is approximately 0.19 acre (100 x 82), cleared and landscaped; Located near a golf course; Paved road access; street dead-end
• HOA & community: No association

Exterior

• Parking: Driveway parking; Off-street and open guest parking; Carport with 1 space
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable available; Broadband/high-speed internet available
• Home design: Single-family residence; One story; Southeast facing
• Construction: Block and brick construction; Shingle roof; Slab foundation; Built for residential use (R1 zoning)
• Exterior features: Front porch; Rear screened porch; French doors; Rain gutters; Wood fencing; Shed(s); Mature landscaping with trees

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: Three bedrooms
• Flooring: Tile
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room / dining room combo; Solid wood cabinets; Split bedroom floorplan; Blinds on windows
• Laundry & utility: Washer hookup; Electric dryer hookup; Other laundry hook-ups

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/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 $152k (4.1% below list).
• Recommended offer: $152k (4.1% below list) — sets the bar for 1% rule.
• Cap rate 7.4% 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; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 35% 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 $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 26 days — a 2% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask has dropped $11k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 5→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,435 (4.1% below list)

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.96% ✗
• Cap rate: 7.38%
• Cash-on-cash: 3.89%
• DSCR: 1.17
• GRM: 8.7

CMA / ARV

• ARV (median comp): $176,569
• List price: $159,000
• Delta: -9.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
228 SE 31st Ter	0.62mi	3/1.0	1,058 (-9%)	4mo	$177,000	$167	52
3507 SE 6th St	0.52mi	4/2.0 (+1)	1,326 (+14%)	3mo	$155,000	$117	42
722 SE 34th Ter	0.68mi	3/2.0	1,300 (+11%)	22mo	$208,000	$160	27

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: -13.5%
• Equity multiple: 0.53×
• Total profit: $-21,042
• Equity at exit: $23,707

10-year hold

• IRR: -10.1%
• Equity multiple: 0.47×
• Total profit: $-23,756
• Equity at exit: $13,747

Cash invested: $44,520 (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: 8.7×

Monthly cashflow live

• Estimated rent: $1,524 high
• Mortgage (P&I): −$834
• Tax from tax record: −$160 /mo · $1,918/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $144

Break-even live

Break-even rent $1,342

Max offer price $159,000

Occupancy floor 86%

Sensitivity live

Price	-10% $234	-5% $189	+0% $144	+5% $99	+10% $54
Rent	-10% $24	-5% $84	+0% $144	+5% $205	+10% $265
Rate	-1.0pp $224	-0.5pp $185	base $144	+0.5pp $103	+1.0pp $61

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3246 NE 7th Ln Ocala, FL	4.0	2.0	1421	$1,850	$1.30	14d	1	0.62mi
720 NE 30th Ave Unit 720-U Ocala, FL	2.0	1.0	945	$995	$1.05	21d	1	0.75mi
720 NE 30th Ave Unit 720-P Ocala, FL	2.0	1.0	945	$1,100	$1.16	21d	1	0.75mi
720 NE 30th Ave Unit 720-H Ocala, FL	2.0	1.0	945	$1,195	$1.26	21d	1	0.75mi
2935 NE 7th St #310 Ocala, FL	2.0	2.0	1146	$2,300	$2.01	14d	1	0.76mi
1312 NE 33rd Ave Ocala, FL	2.0	1.0	950	$1,499	$1.58	14d	1	0.85mi
1529 NE 39th Ave Ocala, FL	1.0–2.0	1.0	720	$1,290	$1.79	14d	12	0.94mi
411 NE 26th Ct Ocala, FL	2.0	1.0	1000	$1,299	$1.30	14d	1	0.97mi
2701 NE 7th St Ocala, FL	1.0–3.0	1.0–2.0	998	$1,549	$1.55	14d	16	1.01mi
2701 NE 10th St #406 Ocala, FL	2.0	2.5	1200	$1,450	$1.21	14d	1	1.09mi
2936 SE 13th St Ocala, FL	3.0	2.0	1285	$1,700	$1.32	14d	1	1.15mi
1725 NE 36th Ave Ocala, FL	2.0–3.0	1.0–2.0	1186	$1,600	$1.35	14d	5	1.15mi
2321 NE 3rd St Ocala, FL	1.0–3.0	1.0–2.0	1010	$990	$0.98	14d	1	1.28mi
2281 NE 2nd St Ocala, FL	2.0	2.0	1000	$1,499	$1.50	21d	1	1.29mi
3651 NE 20th Pl Ocala, FL	2.0	1.5	1178	$1,350	$1.15	21d	1	1.29mi
2152 NE 3rd St Ocala, FL	2.0	1.0	750	$1,200	$1.60	14d	1	1.41mi
NE 21st St Ocala, FL	2.0	1.5	1178	$1,199	$1.02	21d	1	1.46mi

Listing history 21 events

1. 2026-06-13
   remarks 496-char remark
2. 2026-06-13
   status $159,000 Pending 26 DOM
3. 2026-06-10
   days on market $159,000 Active 26 DOM
4. 2026-06-09
   days on market $159,000 Active 25 DOM
5. 2026-06-08
   days on market $159,000 Active 24 DOM
6. 2026-06-07
   days on market $159,000 Active 23 DOM
7. 2026-06-03
   days on market $159,000 Active 19 DOM
8. 2026-06-02
   pricedays on market $159,000 Active 18 DOM
9. 2026-06-01
   days on market $169,900 Active 17 DOM
10. 2026-05-31
    days on market $169,900 Active 16 DOM
11. 2026-05-30
    days on market $169,900 Active 15 DOM
12. 2026-05-15
    listed $169,900 Active 456-char remark
13. 2021-08-24
    soldstatus $140,000
14. 2021-08-20
    soldstatus $140,000 Closed 396-char remark

    Show marketing remark (396 chars)

    Wonderful opportunity for investment property or first time home buyer! Conveniently located off of NE 36th Avenue, near shops, restaurants, etc. This 3/1 has a split bedroom plan, wood look tile throughout, two screened in porches, and a great yard. Recent updates include a BRAND NEW ROOF, New AC in 2019, updated windows, and freshly painted interior and exterior. Schedule your showing today!

15. 2021-07-19
    status Pending 396-char remark

    Show marketing remark (396 chars)

    Wonderful opportunity for investment property or first time home buyer! Conveniently located off of NE 36th Avenue, near shops, restaurants, etc. This 3/1 has a split bedroom plan, wood look tile throughout, two screened in porches, and a great yard. Recent updates include a BRAND NEW ROOF, New AC in 2019, updated windows, and freshly painted interior and exterior. Schedule your showing today!

16. 2021-07-09
    status Active 396-char remark

    Show marketing remark (396 chars)

    Wonderful opportunity for investment property or first time home buyer! Conveniently located off of NE 36th Avenue, near shops, restaurants, etc. This 3/1 has a split bedroom plan, wood look tile throughout, two screened in porches, and a great yard. Recent updates include a BRAND NEW ROOF, New AC in 2019, updated windows, and freshly painted interior and exterior. Schedule your showing today!

17. 2021-07-05
    status Pending 396-char remark

    Show marketing remark (396 chars)

    Wonderful opportunity for investment property or first time home buyer! Conveniently located off of NE 36th Avenue, near shops, restaurants, etc. This 3/1 has a split bedroom plan, wood look tile throughout, two screened in porches, and a great yard. Recent updates include a BRAND NEW ROOF, New AC in 2019, updated windows, and freshly painted interior and exterior. Schedule your showing today!

18. 2021-06-29
    listed $145,000 Active 396-char remark

    Show marketing remark (396 chars)

    Wonderful opportunity for investment property or first time home buyer! Conveniently located off of NE 36th Avenue, near shops, restaurants, etc. This 3/1 has a split bedroom plan, wood look tile throughout, two screened in porches, and a great yard. Recent updates include a BRAND NEW ROOF, New AC in 2019, updated windows, and freshly painted interior and exterior. Schedule your showing today!

19. 2017-12-13
    soldstatus $65,000
20. 2017-09-27
    soldstatus $65,000

    Show marketing remark (189 chars)

    3/1 IN TOWN CLOSE TO EVERYTHING, HOME HAS A SMALL SCREENED PORCH ON FRONT AND BIG SCREENED PORCH ON THE BACK. HOME HAS NEWER WINDOWS & NEWER CARPET. GARAGE WAS CONVERTED TO A BEDROOM.

21. 2017-05-23
    listed $70,000

    Show marketing remark (189 chars)

    3/1 IN TOWN CLOSE TO EVERYTHING, HOME HAS A SMALL SCREENED PORCH ON FRONT AND BIG SCREENED PORCH ON THE BACK. HOME HAS NEWER WINDOWS & NEWER CARPET. GARAGE WAS CONVERTED TO A BEDROOM.

ⓘ 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: $1,918 · $160/mo
• Projected year-2 tax: $1,918 · $160/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 5 d/yr ≥108°F today · 15 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: $18,292
• − Mortgage interest: −$8,906
• − Property taxes: −$1,918
• − Insurance: −$795
• − Repairs & maintenance: −$1,463
• − Management: −$1,463
• − Depreciation: −$4,625
• Taxable loss: −$880
• Est. tax savings @ 24.0%: +$211
• After-tax cash flow: $1,943/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

+127.1% since first listed

12 events — show timeline

• 2026-06-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-06-01 Price Changed $159,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2021-08-24 Sold (Public Records) $140,000 Public Records
• 2021-08-20 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2021-07-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-07-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-07-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-06-29 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2017-12-13 Sold (Public Records) $65,000 Public Records
• 2017-09-27 Sold (MLS) $65,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-23 Listed $70,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+17.2%/yr

Latest (2025): $1,918 · +1.9% YoY. Source: county tax records.