2 Hemlock Terrace Trak · Silver Springs Shores, FL 34472

$184,900

3 bd · 2.0 ba · 2,020 sqft · SingleFamily public records · 44 Days on market

Built 2001 0.31 ac lot $92/sqft · 30% below area Est $264k · 30% under

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Why this score? — see what drove the B- 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 +19.5/30.0
• ARV discount +15.0/15.0
• Appreciation +8.0/10.0
• DSCR +6.2/10.0
• 1% rule +5.6/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Opportunity awaits with this 3-bedroom, 2-bath home with a 2-car garage, located on a spacious corner lot in SE Ocala. With solid bones and a functional layout, this property is perfect for buyers looking to add their personal touch and bring new life to a home with great potential. Inside, you’ll find tile and wood flooring throughout, along with a formal living room and formal dining room that offer plenty of space for entertaining. The kitchen features a large center island with bar-top seating and opens to the main living areas, ready to be reimagined to suit your style. The split-bedroom floor plan includes a primary suite with a jetted tub and separate walk-in shower, providing a strong foundation for a relaxing retreat with a little updating. Situated on a desirable corner lot, the exterior offers ample yard space and curb appeal potential. With some TLC, this property can truly shine—ideal for investors or homeowners looking to customize their dream home in a great SE Ocala location.

Key facts

• 0.31 acre lot
• 2 garage spots
• Built 2001

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $179k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 4.7% 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, schools 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 flat; 674 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 37% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $12k of equity ($1k loan paydown + $11k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.9% appreciation + 0.2% rent growth), your $52k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($179k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $179,353 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.06% ✓
• Cap rate: 7.65%
• Cash-on-cash: 4.86%
• DSCR: 1.22
• GRM: 7.9

CMA / ARV

• ARV (median comp): $264,224
• List price: $184,900
• Delta: -30.02%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9 Pecan Run Ter	0.36mi	4/2.0 (+1)	1,828 (-10%)	4mo	$323,070	$177	59
5347 Pecan Rd	0.74mi	3/2.0	1,988 (-2%)	10mo	$319,000	$160	54
45 Pecan Course Loop	0.72mi	3/2.0	1,936 (-4%)	9mo	$299,900	$155	52
3 Pecan Loop	0.66mi	4/2.0 (+1)	1,755 (-13%)	22mo	$200,000	$114	24

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 16.6%
• Equity multiple: 2.09×
• Total profit: $56,457
• Equity at exit: $115,448

10-year hold

• IRR: 15.4%
• Equity multiple: 3.89×
• Total profit: $149,547
• Equity at exit: $208,684

Cash invested: $51,772 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 674
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,954 high
• Mortgage (P&I): −$970
• Tax from tax record: −$288 /mo · $3,452/yr
• Insurance: −$77
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $143

Break-even live

Break-even rent $1,773

Max offer price $184,900

Occupancy floor 88%

Sensitivity live

Price	-10% $248	-5% $196	+0% $143	+5% $91	+10% $39
Rent	-10% $-11	-5% $66	+0% $143	+5% $220	+10% $298
Rate	-1.0pp $236	-0.5pp $190	base $143	+0.5pp $95	+1.0pp $47

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
38 Pecan Run Pass Ocala, FL	4.0	2.5	2086	$2,100	$1.01	21d	1	0.65mi
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	21d	1	0.67mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	21d	1	0.79mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	14d	1	1.06mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	21d	1	1.41mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	14d	1	1.46mi
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	14d	1	1.48mi

Listing history 8 events

1. 2026-05-12
   price $184,900 1018-char remark

   Show marketing remark (1018 chars)

   Opportunity awaits with this 3-bedroom, 2-bath home with a 2-car garage, located on a spacious corner lot in SE Ocala. With solid bones and a functional layout, this property is perfect for buyers looking to add their personal touch and bring new life to a home with great potential. Inside, you’ll find tile and wood flooring throughout, along with a formal living room and formal dining room that offer plenty of space for entertaining. The kitchen features a large center island with bar-top seating and opens to the main living areas, ready to be reimagined to suit your style. The split-bedroom floor plan includes a primary suite with a jetted tub and separate walk-in shower, providing a strong foundation for a relaxing retreat with a little updating. Situated on a desirable corner lot, the exterior offers ample yard space and curb appeal potential. With some TLC, this property can truly shine—ideal for investors or homeowners looking to customize their dream home in a great SE Ocala location.

2. 2026-04-10
   listed $195,000 Active 1018-char remark

   Show marketing remark (1018 chars)

   Opportunity awaits with this 3-bedroom, 2-bath home with a 2-car garage, located on a spacious corner lot in SE Ocala. With solid bones and a functional layout, this property is perfect for buyers looking to add their personal touch and bring new life to a home with great potential. Inside, you’ll find tile and wood flooring throughout, along with a formal living room and formal dining room that offer plenty of space for entertaining. The kitchen features a large center island with bar-top seating and opens to the main living areas, ready to be reimagined to suit your style. The split-bedroom floor plan includes a primary suite with a jetted tub and separate walk-in shower, providing a strong foundation for a relaxing retreat with a little updating. Situated on a desirable corner lot, the exterior offers ample yard space and curb appeal potential. With some TLC, this property can truly shine—ideal for investors or homeowners looking to customize their dream home in a great SE Ocala location.

3. 2021-06-07
   soldstatus $225,000
4. 2021-06-01
   soldstatus $225,000 Closed 820-char remark

   Show marketing remark (820 chars)

   Are you searching for an established area and larger home. Come home to this 3 Bedroom 2 Bath Holiday Builder home. This home sits on a corner lot and in a popular location, Forest High School District and many parks close by. Entering the home you will see beautiful Tile work with Design inlays. Your formal Living room and Dining room greets you upon stepping inside. Continue into the Kitchen area with open viewing of a large family room. The family room has wood floors! Your kitchen has Granite counters and a large Island with seating for Bar stools. The Master bedroom is just off the family room on the right which features a large Master and Master Suite with Jetted Tub! The Guest bedrooms have tile floors and large enough for Queen Beds! Come enjoy the many years of family memories in this beautiful home.

5. 2021-04-21
   status Pending 820-char remark

   Show marketing remark (820 chars)

   Are you searching for an established area and larger home. Come home to this 3 Bedroom 2 Bath Holiday Builder home. This home sits on a corner lot and in a popular location, Forest High School District and many parks close by. Entering the home you will see beautiful Tile work with Design inlays. Your formal Living room and Dining room greets you upon stepping inside. Continue into the Kitchen area with open viewing of a large family room. The family room has wood floors! Your kitchen has Granite counters and a large Island with seating for Bar stools. The Master bedroom is just off the family room on the right which features a large Master and Master Suite with Jetted Tub! The Guest bedrooms have tile floors and large enough for Queen Beds! Come enjoy the many years of family memories in this beautiful home.

6. 2021-04-17
   listed $234,900 Active 820-char remark

   Show marketing remark (820 chars)

   Are you searching for an established area and larger home. Come home to this 3 Bedroom 2 Bath Holiday Builder home. This home sits on a corner lot and in a popular location, Forest High School District and many parks close by. Entering the home you will see beautiful Tile work with Design inlays. Your formal Living room and Dining room greets you upon stepping inside. Continue into the Kitchen area with open viewing of a large family room. The family room has wood floors! Your kitchen has Granite counters and a large Island with seating for Bar stools. The Master bedroom is just off the family room on the right which features a large Master and Master Suite with Jetted Tub! The Guest bedrooms have tile floors and large enough for Queen Beds! Come enjoy the many years of family memories in this beautiful home.

7. 2007-09-25
   soldstatus $185,000
8. 2004-06-16
   soldstatus $128,900

ⓘ 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: $3,452 · $288/mo
• Projected year-2 tax: $3,452 · $288/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 7/10 Severe FEMA zone X (unshaded) · 75% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 22 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: $23,453
• − Mortgage interest: −$10,357
• − Property taxes: −$3,452
• − Insurance: −$1,722
• − Repairs & maintenance: −$1,876
• − Management: −$1,876
• − Depreciation: −$5,379
• Taxable loss: −$1,210
• Est. tax savings @ 24.0%: +$290
• After-tax cash flow: $2,008/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

• Census place: Silver Springs Shores, FL
• County: Marion County · 315,796 people
• City population: 34,665
• Metro: Ocala, FL
• Population (ZIP): 35,851
• Household income: $64,208
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 655.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 50% Hispanic / Latino 25% Black 21% Two or more races 18% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Cuban 3%
• Common ancestry: Romanian 2% Iranian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 78% English-only · Spanish 19% Other Indo-European 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: ▲ 5.93%
• Current HPI: 255.0714
• Rent YoY: ▲ 0.17%
• 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

+43.4% since first listed

8 events — show timeline

• 2026-05-12 Price Changed $184,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2021-06-07 Sold (Public Records) $225,000 Public Records
• 2021-06-01 Sold (MLS) $225,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-04-17 Listed $234,900 Stellar MLS as Distributed by MLS Grid
• 2007-09-25 Sold (Public Records) $185,000 Public Records
• 2004-06-16 Sold (Public Records) $128,900 Public Records

Property tax history

+12.5%/yr

Latest (2025): $3,452 · -6.8% YoY. Source: county tax records.