230 Locust Pass Crse · Silver Springs Shores, FL 34472

$247,900

3 bd · 2.0 ba · 1,564 sqft · SingleFamily public records · 332 Days on market

Built 2025 10,454 sqft lot $159/sqft · at area comps Est $255k · at est.

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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).

• ARV discount +8.7/15.0
• Appreciation +8.0/10.0
• Cash flow +7.5/30.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• DSCR +1.7/10.0

Listing remarks MLS

READY NOW! Fall in love with the thoughtfully crafted charm of the Sunflower, where elegance blends seamlessly with comfort in a meticulously designed floor plan created for lasting enjoyment. The inviting entryway sets a refined tone, introducing the beauty and functionality carried throughout the home, while the homesite showcases a peaceful tree-lined backyard with no visible rear neighbors, bringing a sense of privacy and connection to nature. Just off the foyer, a versatile flex space creates the ideal setting for a home office, playroom, or additional living area tailored to your lifestyle. The kitchen is a chef’s delight, featuring a spacious island, a cozy dining area, and a generous pantry that balances efficiency with modern convenience. Whether preparing a quick meal or hosting guests, this space is designed for both style and practicality. The great room provides a bright, open-concept gathering space enhanced by additional LED flush mount lighting, creating a warm and welcoming atmosphere. It flows effortlessly to the extended rear patio, an ideal place for outdoor dining, entertaining, or simply unwinding in the Florida sunshine. Ceramic tile flooring extends through the main living areas, bathrooms, kitchen, and laundry room, adding durability and easy maintenance, while plush carpeting in the bedrooms brings comfort and a relaxing retreat. A walk-through laundry and mudroom, conveniently located off the two-car garage, adds valuable space for storage and organization. Architectural shingles and a full builder warranty add lasting value and peace of mind. The Sunflower is thoughtfully designed to balance beauty and functionality, creating a place that truly feels like home.

Key facts

• Generous pantry
• Extended rear patio
• Plush carpeting

Tags

• CHEF'S DELIGHT KITCHEN
• GENEROUS PANTRY
• OPEN-CONCEPT AREA
• EXTENDED REAR PATIO
• CERAMIC TILE FLOORING
• PLUSH CARPETING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $248k.

Deal economics

• At list price, monthly cash flow is $-304 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (17.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (28.0% below list).
• Recommended offer: $178k (28.0% below list) — sets the bar for 1% rule.

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, amenities 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.
• Zoned schools: Emerald Shores Elementary School (math 30% / reading 34%, grade F, #1,797 of 2,144 statewide, top 86%, 666 students, 74% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: Rents flat; 683 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 33% 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 $16k of equity ($2k loan paydown + $15k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 332 days — a 12% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $31k; list at $248k implies a 700% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $178,399 (28.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 332 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.72% ✗
• Cap rate: 4.82%
• Cash-on-cash: -5.25%
• DSCR: 0.77
• GRM: 11.6

CMA / ARV

• ARV (median comp): $254,840
• List price: $247,900
• Delta: -2.72%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
226 Locust Ln	0.33mi	3/2.0	1,550 (-1%)	10mo	$287,000	$185	74
235 Locust Pass Ln	0.05mi	3/2.0	1,380 (-12%)	13mo	$255,000	$185	67
235 Oak Lane Loop	0.40mi	3/2.0	1,445 (-8%)	15mo	$155,000	$107	56
252 Locust Rd	0.44mi	3/2.0	1,380 (-12%)	5mo	$245,000	$178	55
2 Locust Loop Pass	0.57mi	3/2.0	1,380 (-12%)	4mo	$248,500	$180	51
14 Locust Loop Crse	0.49mi	3/2.0	1,380 (-12%)	9mo	$249,000	$180	50
275 Emerald Rd	0.35mi	4/2.0 (+1)	1,683 (+8%)	22mo	$296,000	$176	48
205 Emerald Rd	0.71mi	3/2.0	1,380 (-12%)	3mo	$239,900	$174	45
267 Oak Lane Way	0.73mi	3/2.0	1,354 (-13%)	1mo	$270,000	$199	43

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: 10.0%
• Equity multiple: 1.67×
• Total profit: $46,318
• Equity at exit: $154,785

10-year hold

• IRR: 10.5%
• Equity multiple: 3.06×
• Total profit: $142,780
• Equity at exit: $279,788

Cash invested: $69,412 (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: 683
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,784 high
• Mortgage (P&I): −$1,300
• Tax est. 1.5%: −$310 /mo · $3,718/yr
• Insurance: −$103
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $-304

Break-even live

Break-even rent $2,169

Max offer price $203,935

Occupancy floor —

Sensitivity live

Price	-10% $-133	-5% $-218	+0% $-304	+5% $-389	+10% $-475
Rent	-10% $-445	-5% $-374	+0% $-304	+5% $-233	+10% $-163
Rate	-1.0pp $-179	-0.5pp $-241	base $-304	+0.5pp $-368	+1.0pp $-433

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: $61,975
• Closing costs: $7,437
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
217 Locust Pass Crse Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	0.12mi
219 Locust Ln Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	0.33mi
202 Oak Lane Cir Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	0.44mi
325 Oak Track Ct Ocala, FL	3.0	2.0	1163	$1,550	$1.33	23d	1	0.57mi
342 Locust Pass Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	0.74mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	23d	1	1.40mi
6 Locust Course Ln Ocala, FL	3.0	2.0	1263	$1,735	$1.37	15d	1	1.48mi

Listing history 7 events

1. 2026-05-17
   status Pending 1723-char remark

   Show marketing remark (1723 chars)

   READY NOW! Fall in love with the thoughtfully crafted charm of the Sunflower, where elegance blends seamlessly with comfort in a meticulously designed floor plan created for lasting enjoyment. The inviting entryway sets a refined tone, introducing the beauty and functionality carried throughout the home, while the homesite showcases a peaceful tree-lined backyard with no visible rear neighbors, bringing a sense of privacy and connection to nature. Just off the foyer, a versatile flex space creates the ideal setting for a home office, playroom, or additional living area tailored to your lifestyle. The kitchen is a chef’s delight, featuring a spacious island, a cozy dining area, and a generous pantry that balances efficiency with modern convenience. Whether preparing a quick meal or hosting guests, this space is designed for both style and practicality. The great room provides a bright, open-concept gathering space enhanced by additional LED flush mount lighting, creating a warm and welcoming atmosphere. It flows effortlessly to the extended rear patio, an ideal place for outdoor dining, entertaining, or simply unwinding in the Florida sunshine. Ceramic tile flooring extends through the main living areas, bathrooms, kitchen, and laundry room, adding durability and easy maintenance, while plush carpeting in the bedrooms brings comfort and a relaxing retreat. A walk-through laundry and mudroom, conveniently located off the two-car garage, adds valuable space for storage and organization. Architectural shingles and a full builder warranty add lasting value and peace of mind. The Sunflower is thoughtfully designed to balance beauty and functionality, creating a place that truly feels like home.

2. 2026-03-19
   price $247,900 1723-char remark

   Show marketing remark (1723 chars)

   READY NOW! Fall in love with the thoughtfully crafted charm of the Sunflower, where elegance blends seamlessly with comfort in a meticulously designed floor plan created for lasting enjoyment. The inviting entryway sets a refined tone, introducing the beauty and functionality carried throughout the home, while the homesite showcases a peaceful tree-lined backyard with no visible rear neighbors, bringing a sense of privacy and connection to nature. Just off the foyer, a versatile flex space creates the ideal setting for a home office, playroom, or additional living area tailored to your lifestyle. The kitchen is a chef’s delight, featuring a spacious island, a cozy dining area, and a generous pantry that balances efficiency with modern convenience. Whether preparing a quick meal or hosting guests, this space is designed for both style and practicality. The great room provides a bright, open-concept gathering space enhanced by additional LED flush mount lighting, creating a warm and welcoming atmosphere. It flows effortlessly to the extended rear patio, an ideal place for outdoor dining, entertaining, or simply unwinding in the Florida sunshine. Ceramic tile flooring extends through the main living areas, bathrooms, kitchen, and laundry room, adding durability and easy maintenance, while plush carpeting in the bedrooms brings comfort and a relaxing retreat. A walk-through laundry and mudroom, conveniently located off the two-car garage, adds valuable space for storage and organization. Architectural shingles and a full builder warranty add lasting value and peace of mind. The Sunflower is thoughtfully designed to balance beauty and functionality, creating a place that truly feels like home.

3. 2025-12-31
   price $249,900 1723-char remark

   Show marketing remark (1723 chars)

   READY NOW! Fall in love with the thoughtfully crafted charm of the Sunflower, where elegance blends seamlessly with comfort in a meticulously designed floor plan created for lasting enjoyment. The inviting entryway sets a refined tone, introducing the beauty and functionality carried throughout the home, while the homesite showcases a peaceful tree-lined backyard with no visible rear neighbors, bringing a sense of privacy and connection to nature. Just off the foyer, a versatile flex space creates the ideal setting for a home office, playroom, or additional living area tailored to your lifestyle. The kitchen is a chef’s delight, featuring a spacious island, a cozy dining area, and a generous pantry that balances efficiency with modern convenience. Whether preparing a quick meal or hosting guests, this space is designed for both style and practicality. The great room provides a bright, open-concept gathering space enhanced by additional LED flush mount lighting, creating a warm and welcoming atmosphere. It flows effortlessly to the extended rear patio, an ideal place for outdoor dining, entertaining, or simply unwinding in the Florida sunshine. Ceramic tile flooring extends through the main living areas, bathrooms, kitchen, and laundry room, adding durability and easy maintenance, while plush carpeting in the bedrooms brings comfort and a relaxing retreat. A walk-through laundry and mudroom, conveniently located off the two-car garage, adds valuable space for storage and organization. Architectural shingles and a full builder warranty add lasting value and peace of mind. The Sunflower is thoughtfully designed to balance beauty and functionality, creating a place that truly feels like home.

4. 2025-10-16
   price $269,900 1723-char remark

   Show marketing remark (1723 chars)

   READY NOW! Fall in love with the thoughtfully crafted charm of the Sunflower, where elegance blends seamlessly with comfort in a meticulously designed floor plan created for lasting enjoyment. The inviting entryway sets a refined tone, introducing the beauty and functionality carried throughout the home, while the homesite showcases a peaceful tree-lined backyard with no visible rear neighbors, bringing a sense of privacy and connection to nature. Just off the foyer, a versatile flex space creates the ideal setting for a home office, playroom, or additional living area tailored to your lifestyle. The kitchen is a chef’s delight, featuring a spacious island, a cozy dining area, and a generous pantry that balances efficiency with modern convenience. Whether preparing a quick meal or hosting guests, this space is designed for both style and practicality. The great room provides a bright, open-concept gathering space enhanced by additional LED flush mount lighting, creating a warm and welcoming atmosphere. It flows effortlessly to the extended rear patio, an ideal place for outdoor dining, entertaining, or simply unwinding in the Florida sunshine. Ceramic tile flooring extends through the main living areas, bathrooms, kitchen, and laundry room, adding durability and easy maintenance, while plush carpeting in the bedrooms brings comfort and a relaxing retreat. A walk-through laundry and mudroom, conveniently located off the two-car garage, adds valuable space for storage and organization. Architectural shingles and a full builder warranty add lasting value and peace of mind. The Sunflower is thoughtfully designed to balance beauty and functionality, creating a place that truly feels like home.

5. 2025-06-19
   listed $279,900 Active 1723-char remark

   Show marketing remark (1723 chars)

   READY NOW! Fall in love with the thoughtfully crafted charm of the Sunflower, where elegance blends seamlessly with comfort in a meticulously designed floor plan created for lasting enjoyment. The inviting entryway sets a refined tone, introducing the beauty and functionality carried throughout the home, while the homesite showcases a peaceful tree-lined backyard with no visible rear neighbors, bringing a sense of privacy and connection to nature. Just off the foyer, a versatile flex space creates the ideal setting for a home office, playroom, or additional living area tailored to your lifestyle. The kitchen is a chef’s delight, featuring a spacious island, a cozy dining area, and a generous pantry that balances efficiency with modern convenience. Whether preparing a quick meal or hosting guests, this space is designed for both style and practicality. The great room provides a bright, open-concept gathering space enhanced by additional LED flush mount lighting, creating a warm and welcoming atmosphere. It flows effortlessly to the extended rear patio, an ideal place for outdoor dining, entertaining, or simply unwinding in the Florida sunshine. Ceramic tile flooring extends through the main living areas, bathrooms, kitchen, and laundry room, adding durability and easy maintenance, while plush carpeting in the bedrooms brings comfort and a relaxing retreat. A walk-through laundry and mudroom, conveniently located off the two-car garage, adds valuable space for storage and organization. Architectural shingles and a full builder warranty add lasting value and peace of mind. The Sunflower is thoughtfully designed to balance beauty and functionality, creating a place that truly feels like home.

6. 2005-12-09
   soldstatus $31,000
7. 2005-04-05
   soldstatus $13,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 · 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: $21,408
• − Mortgage interest: −$13,886
• − Property taxes: −$3,718
• − Insurance: −$1,240
• − Repairs & maintenance: −$1,713
• − Management: −$1,713
• − Depreciation: −$7,212
• Taxable loss: −$8,073
• Est. tax savings @ 24.0%: +$1,938
• After-tax cash flow: $-1,708/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

+1806.9% since first listed

7 events — show timeline

• 2026-05-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-19 Price Changed $247,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-31 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-16 Price Changed $269,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-19 Listed $279,900 Stellar MLS as Distributed by MLS Grid
• 2005-12-09 Sold (Public Records) $31,000 Public Records
• 2005-04-05 Sold (Public Records) $13,000 Public Records

Property tax history

+11.6%/yr

Latest (2025): $365 · +64.2% YoY. Source: county tax records.