7912 SW 186th Cir · Rainbow Springs, FL 34432

$400,000

3 bd · 2.0 ba · 1,724 sqft · SingleFamily public records · 1 Days on market

Built 1991 2.04 ac lot Est $329k · 21% over $20/mo HOA · 1% of rent

---

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 +16.1/30.0
• DSCR +5.0/10.0
• Schools +3.6/10.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 2 full bath home with an additional half bath in the laundry room, situated on a spacious 2.04-acre double lot in the highly desirable community of The Forest at Rainbow Springs. Built in 1991, this property offers a blend of comfort, functionality, and privacy, all just minutes from Rainbow Springs State Park and the crystal-clear Rainbow River. Inside, the home features a split floor plan with a welcoming living/family room and a separate dining area, ideal for both everyday living and entertaining. The kitchen is equipped with granite countertops and opens to the main living space, creating a cohesive flow. Flooring throughout the home includes a combination of tile and hardwood, with carpeting in the second and third bedrooms. The primary suite offers two walk-in closets, along with both a walk-in shower and a walk-in tub for added convenience. Sliding glass doors provide natural light and showcase views of the expansive backyard. The enclosed lanai, fitted with 3-season vinyl windows, offers additional space to relax and enjoy the outdoors year-round. The property includes a second lot located to the right of the home, providing added space and separation from neighboring properties. A fenced area in the yard is ideal for pets, and an 8x10 shed offers additional storage. Additional features include a new well pump and a hand pump for emergency use. Zoned A-1 (General Agriculture) in Marion County, this property allows for a variety of uses including farming, livestock, and rural residential living. Residents of The Forest at Rainbow Springs enjoy a nature-oriented setting with mature trees, wooded surroundings, and frequent wildlife sightings. The community offers convenient access to outdoor recreation including tubing, kayaking, swimming, and snorkeling in the nearby Rainbow River. Located in Dunnellon, the property is close to shopping, dining, and everyday conveniences, and is just a short drive to the World Equestrian Center in Ocala.

Key facts

• Walk-in tub
• Double lot
• Walk-in closets

Tags

• DOUBLE LOT
• GRANITE COUNTERTOPS
• WALK-IN CLOSETS
• WALK-IN SHOWER
• WALK-IN TUB
• ENCLOSED LANAI

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $207 ($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 $338k (15.5% below list).
• Recommended offer: $338k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 3.7% in Rainbow 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 D — 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.
• Zoned schools: Dunnellon Elementary School (math 46% / reading 48%, grade D-, #1,191 of 2,144 statewide, top 57%, 580 students, 61% FRL); Dunnellon Middle School (math 48% / reading 42%, grade D, #310 of 571 statewide, top 56%, 678 students, 68% FRL); Dunnellon High School (math 30% / reading 32%, grade F, #429 of 667 statewide, top 65%, 1,350 students, 63% FRL) — zoned schools at 64% FRL track the district average.
• Market conditions: 557 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $3k of loan paydown is wiped out by about $12k 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

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $295k; 36% 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 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $337,919 (15.5% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 0.84% ✗
• Cap rate: 6.92%
• Cash-on-cash: 2.22%
• DSCR: 1.10
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $329,284
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7795 SW 181st Cir	0.60mi	3/2.0	1,831 (+6%)	8mo	$350,000	$191	55

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.54×
• Total profit: $-51,738
• Equity at exit: $59,641

10-year hold

• IRR: -3.9%
• Equity multiple: 0.74×
• Total profit: $-28,584
• Equity at exit: $34,585

Cash invested: $112,000 (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 34432

• Home prices YoY: -21.5%
• Active inventory: 557
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $3,379 medium
• Mortgage (P&I): −$2,098
• Tax from tax record: −$178 /mo · $2,133/yr
• Insurance: −$167
• HOA: −$20
• Vacancy / Maint / Mgmt: −$710
• Net cashflow: $207

Break-even live

Break-even rent $3,117

Max offer price $400,000

Occupancy floor 89%

Sensitivity live

Price	-10% $434	-5% $321	+0% $207	+5% $94	+10% $-19
Rent	-10% $-59	-5% $74	+0% $207	+5% $341	+10% $474
Rate	-1.0pp $409	-0.5pp $309	base $207	+0.5pp $104	+1.0pp $-2

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: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19660 SW 83rd Place Rd Unit C13 Dunnellon, FL	2.0	2.0	1150	$2,250	$1.96	23d	1	1.06mi
6944 SW 179th Court Rd Dunnellon, FL	3.0	2.0	1474	$3,300	$2.24	15d	1	1.10mi
6752 SW 179th Avenue Rd Dunnellon, FL	3.0	2.0	1963	$4,500	$2.29	23d	1	1.28mi
9041 SW 196th Ct Dunnellon, FL	3.0	2.0	2116	$2,050	$0.97	23d	1	1.37mi

HOA detail

• Monthly dues: $20 · $240/yr

Listing history 7 events

1. 2026-04-21
   status Pending 2021-char remark

   Show marketing remark (2021 chars)

   Welcome to this well-maintained 3-bedroom, 2 full bath home with an additional half bath in the laundry room, situated on a spacious 2.04-acre double lot in the highly desirable community of The Forest at Rainbow Springs. Built in 1991, this property offers a blend of comfort, functionality, and privacy, all just minutes from Rainbow Springs State Park and the crystal-clear Rainbow River. Inside, the home features a split floor plan with a welcoming living/family room and a separate dining area, ideal for both everyday living and entertaining. The kitchen is equipped with granite countertops and opens to the main living space, creating a cohesive flow. Flooring throughout the home includes a combination of tile and hardwood, with carpeting in the second and third bedrooms. The primary suite offers two walk-in closets, along with both a walk-in shower and a walk-in tub for added convenience. Sliding glass doors provide natural light and showcase views of the expansive backyard. The enclosed lanai, fitted with 3-season vinyl windows, offers additional space to relax and enjoy the outdoors year-round. The property includes a second lot located to the right of the home, providing added space and separation from neighboring properties. A fenced area in the yard is ideal for pets, and an 8x10 shed offers additional storage. Additional features include a new well pump and a hand pump for emergency use. Zoned A-1 (General Agriculture) in Marion County, this property allows for a variety of uses including farming, livestock, and rural residential living. Residents of The Forest at Rainbow Springs enjoy a nature-oriented setting with mature trees, wooded surroundings, and frequent wildlife sightings. The community offers convenient access to outdoor recreation including tubing, kayaking, swimming, and snorkeling in the nearby Rainbow River. Located in Dunnellon, the property is close to shopping, dining, and everyday conveniences, and is just a short drive to the World Equestrian Center in Ocala.

2. 2026-04-21
   status Pending

   Show marketing remark (2021 chars)

   Welcome to this well-maintained 3-bedroom, 2 full bath home with an additional half bath in the laundry room, situated on a spacious 2.04-acre double lot in the highly desirable community of The Forest at Rainbow Springs. Built in 1991, this property offers a blend of comfort, functionality, and privacy, all just minutes from Rainbow Springs State Park and the crystal-clear Rainbow River. Inside, the home features a split floor plan with a welcoming living/family room and a separate dining area, ideal for both everyday living and entertaining. The kitchen is equipped with granite countertops and opens to the main living space, creating a cohesive flow. Flooring throughout the home includes a combination of tile and hardwood, with carpeting in the second and third bedrooms. The primary suite offers two walk-in closets, along with both a walk-in shower and a walk-in tub for added convenience. Sliding glass doors provide natural light and showcase views of the expansive backyard. The enclosed lanai, fitted with 3-season vinyl windows, offers additional space to relax and enjoy the outdoors year-round. The property includes a second lot located to the right of the home, providing added space and separation from neighboring properties. A fenced area in the yard is ideal for pets, and an 8x10 shed offers additional storage. Additional features include a new well pump and a hand pump for emergency use. Zoned A-1 (General Agriculture) in Marion County, this property allows for a variety of uses including farming, livestock, and rural residential living. Residents of The Forest at Rainbow Springs enjoy a nature-oriented setting with mature trees, wooded surroundings, and frequent wildlife sightings. The community offers convenient access to outdoor recreation including tubing, kayaking, swimming, and snorkeling in the nearby Rainbow River. Located in Dunnellon, the property is close to shopping, dining, and everyday conveniences, and is just a short drive to the World Equestrian Center in Ocala.

3. 2026-04-20
   listed $400,000 Active 2021-char remark

   Show marketing remark (2021 chars)

   Welcome to this well-maintained 3-bedroom, 2 full bath home with an additional half bath in the laundry room, situated on a spacious 2.04-acre double lot in the highly desirable community of The Forest at Rainbow Springs. Built in 1991, this property offers a blend of comfort, functionality, and privacy, all just minutes from Rainbow Springs State Park and the crystal-clear Rainbow River. Inside, the home features a split floor plan with a welcoming living/family room and a separate dining area, ideal for both everyday living and entertaining. The kitchen is equipped with granite countertops and opens to the main living space, creating a cohesive flow. Flooring throughout the home includes a combination of tile and hardwood, with carpeting in the second and third bedrooms. The primary suite offers two walk-in closets, along with both a walk-in shower and a walk-in tub for added convenience. Sliding glass doors provide natural light and showcase views of the expansive backyard. The enclosed lanai, fitted with 3-season vinyl windows, offers additional space to relax and enjoy the outdoors year-round. The property includes a second lot located to the right of the home, providing added space and separation from neighboring properties. A fenced area in the yard is ideal for pets, and an 8x10 shed offers additional storage. Additional features include a new well pump and a hand pump for emergency use. Zoned A-1 (General Agriculture) in Marion County, this property allows for a variety of uses including farming, livestock, and rural residential living. Residents of The Forest at Rainbow Springs enjoy a nature-oriented setting with mature trees, wooded surroundings, and frequent wildlife sightings. The community offers convenient access to outdoor recreation including tubing, kayaking, swimming, and snorkeling in the nearby Rainbow River. Located in Dunnellon, the property is close to shopping, dining, and everyday conveniences, and is just a short drive to the World Equestrian Center in Ocala.

4. 2026-04-20
   listed $400,000 Active

   Show marketing remark (2021 chars)

   Welcome to this well-maintained 3-bedroom, 2 full bath home with an additional half bath in the laundry room, situated on a spacious 2.04-acre double lot in the highly desirable community of The Forest at Rainbow Springs. Built in 1991, this property offers a blend of comfort, functionality, and privacy, all just minutes from Rainbow Springs State Park and the crystal-clear Rainbow River. Inside, the home features a split floor plan with a welcoming living/family room and a separate dining area, ideal for both everyday living and entertaining. The kitchen is equipped with granite countertops and opens to the main living space, creating a cohesive flow. Flooring throughout the home includes a combination of tile and hardwood, with carpeting in the second and third bedrooms. The primary suite offers two walk-in closets, along with both a walk-in shower and a walk-in tub for added convenience. Sliding glass doors provide natural light and showcase views of the expansive backyard. The enclosed lanai, fitted with 3-season vinyl windows, offers additional space to relax and enjoy the outdoors year-round. The property includes a second lot located to the right of the home, providing added space and separation from neighboring properties. A fenced area in the yard is ideal for pets, and an 8x10 shed offers additional storage. Additional features include a new well pump and a hand pump for emergency use. Zoned A-1 (General Agriculture) in Marion County, this property allows for a variety of uses including farming, livestock, and rural residential living. Residents of The Forest at Rainbow Springs enjoy a nature-oriented setting with mature trees, wooded surroundings, and frequent wildlife sightings. The community offers convenient access to outdoor recreation including tubing, kayaking, swimming, and snorkeling in the nearby Rainbow River. Located in Dunnellon, the property is close to shopping, dining, and everyday conveniences, and is just a short drive to the World Equestrian Center in Ocala.

5. 2006-01-05
   soldstatus $295,000
6. 1990-04-01
   soldstatus $14,500
7. 1989-10-01
   soldstatus $13,600

ⓘ 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: $2,133 · $178/mo
• Projected year-2 tax: $3,320 · $277/mo
• Expected delta: +$1,187/yr (+$99/mo · 55.6%)

ⓘ 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 6 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,550
• − Mortgage interest: −$22,406
• − Property taxes: −$2,133
• − Insurance: −$2,000
• − Repairs & maintenance: −$3,244
• − Management: −$3,244
• − HOA: −$240
• − Depreciation: −$11,636
• Taxable loss: −$4,354
• Est. tax savings @ 24.0%: +$1,045
• After-tax cash flow: $3,535/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 — Rainbow Springs

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Rainbow Springs, FL
• Population (ZIP): 13,197

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 16% Two or more races 11% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7% Cuban 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 9% 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: ▼ -57.34%
• Current HPI: 209.595
• Rent YoY: —
• Metro: —
• 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

+2841.2% since first listed

7 events — show timeline

• 2026-04-21 Pending — RACC
• 2026-04-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Listed $400,000 RACC
• 2026-04-20 Listed $400,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-05 Sold (Public Records) $295,000 Public Records
• 1990-04-01 Sold (Public Records) $14,500 Public Records
• 1989-10-01 Sold (Public Records) $13,600 Public Records

Property tax history

+4.8%/yr

Latest (2025): $2,133 · +12.8% YoY. Source: county tax records.