213 SE 70th Cir · Silver Springs, FL 34472

$159,900

3 bd · 2.0 ba · 2,160 sqft · Manufactured public records · 99 Days on market

Built 2018 0.50 ac lot $74/sqft · 135% above area $16/mo HOA · 1% of rent

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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 +28.1/30.0
• DSCR +10.0/10.0
• Appreciation +8.0/10.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Investor Special – Spacious Fixer-Upper in SE Ocala! Opportunity awaits with this large 4-bedroom, 3-bath home located in desirable SE Ocala! Situated on . 50 acres, this property offers 2,140 sq ft of living space and a layout full of potential for investors, flippers, or buyers looking to create their dream home. Inside, you'll find an open floor plan with both a separate living room and family room, providing plenty of space for entertaining or flexible living arrangements. The home also features an inside laundry room and a split layout with multiple bathrooms, ideal for larger households. Conveniently located near Baseline Rd and Hwy 40, you'll have quick access to shopping, dining, schools, and everything Ocala has to offer while still enjoying the space and privacy of a half-acre lot. With solid square footage and a great location, this property is ready for your vision and renovations. Bring your ideas and transform this diamond in the rough into something special!

Key facts

• 0.5 acre lot
• Built 2018
• Listed 99 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.1% vs local median 4.5% in Silver 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 B — 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.
• Market conditions: Rents flat; 682 active listings in the ZIP; 7 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).
• This rent runs 38% 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 $11k of equity ($1k loan paydown + $9k 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 $45k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 1.27% ✓
• Cap rate: 10.08%
• Cash-on-cash: 13.51%
• DSCR: 1.60
• GRM: 6.5

CMA / ARV

• ARV (median comp): $67,288
• List price: $159,900
• Delta: 137.64%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7015 NE 3rd St	0.42mi	3/2.0	1,978 (-8%)	8mo	$50,000	$25	60

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: 24.9%
• Equity multiple: 2.61×
• Total profit: $72,031
• Equity at exit: $99,839

10-year hold

• IRR: 22.3%
• Equity multiple: 4.95×
• Total profit: $176,779
• Equity at exit: $180,468

Cash invested: $44,772 (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: 682
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,035 high
• Mortgage (P&I): −$839
• Tax from tax record: −$182 /mo · $2,185/yr
• Insurance: −$67
• HOA: −$16
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $504

Break-even live

Break-even rent $1,397

Max offer price $159,900

Occupancy floor 70%

Sensitivity live

Price	-10% $595	-5% $549	+0% $504	+5% $459	+10% $414
Rent	-10% $343	-5% $424	+0% $504	+5% $585	+10% $665
Rate	-1.0pp $585	-0.5pp $545	base $504	+0.5pp $463	+1.0pp $421

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 SE 68th Ct Ocala, FL	3.0	2.0	1612	$1,850	$1.15	22d	1	0.35mi
15 NE 63rd Ct Ocala, FL	3.0	2.0	1500	$1,700	$1.13	22d	1	0.77mi
436 NE 61st Ter Ocala, FL	3.0	2.0	2170	$2,600	$1.20	22d	1	1.03mi
6001 SE 4th Pl Ocala, FL	3.0	2.0	1865	$2,295	$1.23	15d	1	1.04mi
113 Teak Rd Ocala, FL	3.0	3.0	2086	$2,150	$1.03	15d	1	1.14mi
5725 SE 3rd Pl Ocala, FL	3.0	2.0	1608	$1,550	$0.96	22d	1	1.22mi
5610 NE 7th St Ocala, FL	3.0	2.0	1900	$1,800	$0.95	15d	1	1.50mi

HOA detail

• Monthly dues: $16 · $192/yr

Listing history 20 events

1. 2026-06-18
   days on market $159,900 Active 99 DOM
2. 2026-06-17
   days on market $159,900 Active 98 DOM
3. 2026-06-16
   days on market $159,900 Active 97 DOM
4. 2026-06-15
   days on market $159,900 Active 96 DOM
5. 2026-06-14
   days on market $159,900 Active 94 DOM
6. 2026-06-13
   days on market $159,900 Active 93 DOM
7. 2026-06-10
   days on market $159,900 Active 91 DOM
8. 2026-06-09
   days on market $159,900 Active 90 DOM
9. 2026-06-08
   days on market $159,900 Active 89 DOM
10. 2026-06-07
    days on market $159,900 Active 88 DOM
11. 2026-06-03
    days on market $159,900 Active 84 DOM
12. 2026-06-02
    days on market $159,900 Active 83 DOM
13. 2026-06-01
    days on market $159,900 Active 82 DOM
14. 2026-05-31
    days on market $159,900 Active 81 DOM
15. 2026-05-30
    days on market $159,900 Active 80 DOM
16. 2026-04-25
    price $164,900 996-char remark

    Show marketing remark (996 chars)

    Investor Special – Spacious Fixer-Upper in SE Ocala! Opportunity awaits with this large 4-bedroom, 3-bath home located in desirable SE Ocala! Situated on . 50 acres, this property offers 2,140 sq ft of living space and a layout full of potential for investors, flippers, or buyers looking to create their dream home. Inside, you'll find an open floor plan with both a separate living room and family room, providing plenty of space for entertaining or flexible living arrangements. The home also features an inside laundry room and a split layout with multiple bathrooms, ideal for larger households. Conveniently located near Baseline Rd and Hwy 40, you'll have quick access to shopping, dining, schools, and everything Ocala has to offer while still enjoying the space and privacy of a half-acre lot. With solid square footage and a great location, this property is ready for your vision and renovations. Bring your ideas and transform this diamond in the rough into something special!

17. 2026-03-11
    listed $169,900 Active 996-char remark

    Show marketing remark (996 chars)

    Investor Special – Spacious Fixer-Upper in SE Ocala! Opportunity awaits with this large 4-bedroom, 3-bath home located in desirable SE Ocala! Situated on . 50 acres, this property offers 2,140 sq ft of living space and a layout full of potential for investors, flippers, or buyers looking to create their dream home. Inside, you'll find an open floor plan with both a separate living room and family room, providing plenty of space for entertaining or flexible living arrangements. The home also features an inside laundry room and a split layout with multiple bathrooms, ideal for larger households. Conveniently located near Baseline Rd and Hwy 40, you'll have quick access to shopping, dining, schools, and everything Ocala has to offer while still enjoying the space and privacy of a half-acre lot. With solid square footage and a great location, this property is ready for your vision and renovations. Bring your ideas and transform this diamond in the rough into something special!

18. 2019-05-23
    soldstatus $143,100
19. 2019-05-16
    soldstatus $143,100 548-char remark

    Show marketing remark (548 chars)

    Here is a chance to own a Brand New 2018 Manufactured Home with 5 Bedrooms, 3 Full Baths, with approx 2140 living Sq Ft. Home is located on . 50 Acres in Lexington Estates subdivision in Ocala, Florida. Plenty of privacy. Located on a paved road. Master bedroom has a Separate shower and Glamour tub, and a HUGE Walk in closet. Home features a separate family room and living room. Brand New Appliances with plenty of countertop and cabinets. Spacious bedrooms. Plenty of windows. Be the first to live in this new home. Schedule your showing today!

20. 2018-12-14
    listed $135,000 548-char remark

    Show marketing remark (548 chars)

    Here is a chance to own a Brand New 2018 Manufactured Home with 5 Bedrooms, 3 Full Baths, with approx 2140 living Sq Ft. Home is located on . 50 Acres in Lexington Estates subdivision in Ocala, Florida. Plenty of privacy. Located on a paved road. Master bedroom has a Separate shower and Glamour tub, and a HUGE Walk in closet. Home features a separate family room and living room. Brand New Appliances with plenty of countertop and cabinets. Spacious bedrooms. Plenty of windows. Be the first to live in this new home. Schedule your showing today!

ⓘ 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: $2,185 · $182/mo
• Projected year-2 tax: $2,185 · $182/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 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,416
• − Mortgage interest: −$8,957
• − Property taxes: −$2,185
• − Insurance: −$800
• − Repairs & maintenance: −$1,953
• − Management: −$1,953
• − HOA: −$192
• − Depreciation: −$4,652
• Taxable income: $3,724
• Est. tax owed @ 24.0%: −$894
• After-tax cash flow: $5,156/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

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

Census & demographics

• 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

+22.1% since first listed

5 events — show timeline

• 2026-04-25 Price Changed $164,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2019-05-23 Sold (Public Records) $143,100 Public Records
• 2019-05-16 Sold (MLS) $143,100 Stellar MLS as Distributed by MLS Grid
• 2018-12-14 Listed $135,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+27.8%/yr

Latest (2025): $2,185 · +12.6% YoY. Source: county tax records.