16625 NE 2nd Street Rd · Silver Springs Shores East, FL 34488

$89,900

2 bd · 1.0 ba · 672 sqft · Manufactured public records · 59 Days on market

Built 1987 0.45 ac lot $134/sqft · 151% above area

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +7.8/10.0
• 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
• Appreciation +0.0/10.0

Listing remarks MLS

Avoid the traffic! 2/1 s/w mobile home sitting on almost a half an acre waterfront lot. At the end of the road peace is found. Comes partly furnished, 2 screen porches, attached carport, shed with electric on a small peaceful pond. A must see to appreciate. Washer & dryer are in shed. Makes a nice unattached laundry room

Key facts

• Freshly painted
• 0.45 acre lot
• Parking

Tags

• REFRIGERATOR AND OVEN INCLUDED
• WASHER AND DRYER HOOKUPS
• FRESHLY PAINTED
• EASY ACCESS TO LOCAL AMENITIES

Property features AI

Finance

• Other: Lot about 0.45 acre (1/4 to less than 1/2 acre)
• Financial info: No lease restrictions indicated
• HOA & community: No association (HOA) indicated; Pets allowed with size limit (max ~15 lbs)

Exterior

• Parking: Has carport (1 space)
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Residential manufactured home (single wide); One level; Faces south; Entry on one level
• Construction: Metal siding; Metal roof; Pillar/post/pier foundation; Built as a manufactured single wide
• Exterior features: Mature landscaping; Dirt road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Wood
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $90k.

Deal economics

• At list price, monthly cash flow is $231 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $87k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 5.2% in Silver Springs Shores East — 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: 202 active listings in the ZIP; 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 $622 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $5k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $90k implies a 352% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,203 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 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. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
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: 1.28% ✓
• Cap rate: 11.04%
• Cash-on-cash: 16.96%
• DSCR: 1.75
• GRM: 6.5

CMA / ARV

• ARV (median comp): $48,584
• List price: $89,900
• Delta: 85.04%
• 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
207 NE 168th Ct	0.25mi	2/1.0	672 (0%)	7mo	$63,000	$94	82

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: 0.2%
• Equity multiple: 1.01×
• Total profit: $171
• Equity at exit: $13,404

10-year hold

• IRR: 9.9%
• Equity multiple: 1.77×
• Total profit: $19,270
• Equity at exit: $7,773

Cash invested: $25,172 (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 34488

• Home prices YoY: -26.1%
• Active inventory: 202
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,149 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$43 /mo · $514/yr
• Insurance: −$37
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $231

Break-even live

Break-even rent $857

Max offer price $89,900

Occupancy floor 75%

Sensitivity live

Price	-10% $281	-5% $256	+0% $231	+5% $205	+10% $180
Rent	-10% $140	-5% $185	+0% $231	+5% $276	+10% $321
Rate	-1.0pp $276	-0.5pp $253	base $231	+0.5pp $207	+1.0pp $184

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-21
   days on market $89,900 Active 59 DOM
2. 2026-06-18
   days on market $89,900 Active 56 DOM
3. 2026-06-17
   days on market $89,900 Active 55 DOM
4. 2026-06-16
   days on market $89,900 Active 54 DOM
5. 2026-06-15
   remarks 292-char remark
6. 2026-06-15
   price $89,900 Active 53 DOM
7. 2026-06-15
   days on market $94,900 Active 53 DOM
8. 2026-06-14
   days on market $94,900 Active 51 DOM
9. 2026-06-13
   days on market $94,900 Active 50 DOM
10. 2026-06-10
    days on market $94,900 Active 48 DOM
11. 2026-06-09
    days on market $94,900 Active 47 DOM
12. 2026-06-08
    days on market $94,900 Active 46 DOM
13. 2026-06-07
    days on market $94,900 Active 45 DOM
14. 2026-06-03
    days on market $94,900 Active 41 DOM
15. 2026-06-02
    days on market $94,900 Active 40 DOM
16. 2026-06-01
    days on market $94,900 Active 39 DOM
17. 2026-05-31
    days on market $94,900 Active 38 DOM
18. 2026-05-30
    days on market $94,900 Active 37 DOM
19. 2026-04-23
    listed $94,900 Active 267-char remark
20. 2026-04-08
    price $1,100
21. 2026-03-25
    price $1,195
22. 2026-03-04
    listed $1,295
23. 2014-02-19
    soldstatus $19,900
24. 2011-10-11
    soldstatus $54,000
25. 2008-11-17
    soldstatus $55,000
26. 2008-10-17
    soldstatus $55,000 328-char remark

    Show marketing remark (328 chars)

    Avoid the traffic! 2/1 s/w mobile home sitting on almost a half an acre waterfront lot. At the end of the road peace is found. Comes partly furnished, 2 screen porches, attached carport, shed with electric on a small peaceful pond. A must see to appreciate. Washer & dryer are in shed. Makes a nice unattached laundry room

27. 2008-06-18
    listed $57,500 328-char remark

    Show marketing remark (328 chars)

    Avoid the traffic! 2/1 s/w mobile home sitting on almost a half an acre waterfront lot. At the end of the road peace is found. Comes partly furnished, 2 screen porches, attached carport, shed with electric on a small peaceful pond. A must see to appreciate. Washer & dryer are in shed. Makes a nice unattached laundry room

28. 2007-10-19
    historical
29. 2007-06-14
    listed $69,900
30. 2006-05-19
    soldstatus $57,500
31. 2006-05-10
    soldstatus $57,500
32. 2006-03-07
    listed $59,900
33. 1988-09-01
    soldstatus $18,600

ⓘ 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: $514 · $43/mo
• Projected year-2 tax: $746 · $62/mo
• Expected delta: +$232/yr (+$19/mo · 45.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,785
• − Mortgage interest: −$5,036
• − Property taxes: −$514
• − Insurance: −$1,952
• − Repairs & maintenance: −$1,103
• − Management: −$1,103
• − Depreciation: −$2,615
• Taxable income: $1,463
• Est. tax owed @ 24.0%: −$351
• After-tax cash flow: $2,416/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 East

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

Census & demographics

• Population (ZIP): 11,525

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 9% Two or more races 8% Black 8%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Serbian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 2%

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: ▼ -80.45%
• Current HPI: 227.3763
• 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

+383.3% since first listed

16 events — show timeline

• 2026-06-15 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Listed $94,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Price Changed $1,100 STELLARMLS
• 2026-03-25 Price Changed $1,195 STELLARMLS
• 2026-03-04 Listed for Rent $1,295 STELLARMLS
• 2014-02-19 Sold (Public Records) $19,900 Public Records
• 2011-10-11 Sold (Public Records) $54,000 Public Records
• 2008-11-17 Sold (Public Records) $55,000 Public Records
• 2008-10-17 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2008-06-18 Listed $57,500 Stellar MLS as Distributed by MLS Grid
• 2007-10-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-06-14 Listed $69,900 Stellar MLS as Distributed by MLS Grid
• 2006-05-19 Sold (Public Records) $57,500 Public Records
• 2006-05-10 Sold (MLS) $57,500 Stellar MLS as Distributed by MLS Grid
• 2006-03-07 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 1988-09-01 Sold (Public Records) $18,600 Public Records

Property tax history

-0.7%/yr

Latest (2025): $514 · +70.2% YoY. Source: county tax records.