12 Cedar Ter · Silver Springs Shores, FL 34472

$205,000

3 bd · 2.0 ba · 1,567 sqft · SingleFamily public records · 156 Days on market

Built 1990 0.30 ac lot $131/sqft · 18% below area Est $250k · 18% under

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Why this score? — see what drove the C 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 +15.0/15.0
• Cash flow +13.2/30.0
• Appreciation +8.0/10.0
• DSCR +4.0/10.0
• 1% rule +3.9/10.0
• 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

This spacious 1,567 living sq. ft. 3 Bedroom/2 Bath home sits on a peaceful cul-de-sac and features a brand-new roof, offering long-term value and peace of mind. Set on a generous . 30-acre lot, the property provides plenty of room to spread out, garden, entertain, or simply enjoy the extra outdoor space. While the home could benefit from some cosmetic updates, it offers a fantastic foundation with a desirable split floor plan, vaulted ceilings, a large living room, a flexible dining/den area, and a sizeable kitchen with a convenient pass-through to the living room. Both the living room and the primary bedroom open to a patio overlooking the large backyard, offering an ideal setting for weekend barbecues, play areas, or quiet evenings outdoors. The two-car garage adds everyday convenience and additional storage space, making room for vehicles, hobbies, or seasonal items. Located on a dead-end street with no neighbors on one side, the home enjoys an added sense of privacy while still being just minutes from a variety of shopping, dining, and recreational options.

Key facts

• Generous lot
• Brand new roof
• Dead end street

Tags

• BRAND NEW ROOF
• CUL-DE-SAC
• GENEROUS LOT
• PATIO OVERLOOKING BACKYARD
• TWO CAR GARAGE
• DEAD END STREET

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $-5 ($-63/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (11.3% below list).
• Recommended offer: $180k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.3% 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; 24 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 34% 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 $14k of equity ($1k loan paydown + $12k 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 $57k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 156 days — a 12% lower offer ($180k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 20y ago; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $135k; list at $205k implies a 52% 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $180,400 (12.0% 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 156 days. Have you received any prior offers? Is the seller open to a 12% 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. 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.
7. 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.
8. 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: 0.89% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.11%
• DSCR: 1.00
• GRM: 9.4

CMA / ARV

• ARV (median comp): $250,334
• List price: $205,000
• Delta: -18.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12 Pine Trace Way	0.16mi	3/2.0	1,400 (-11%)	2mo	$274,000	$196	73
7001 Hemlock Crse	0.50mi	3/2.0	1,499 (-4%)	11mo	$230,000	$153	60
3 Dogwood Drive Loop	0.70mi	3/2.0	1,569 (+0%)	8mo	$279,900	$178	60
8 Cedar Trce	0.40mi	3/2.0	1,473 (-6%)	13mo	$280,000	$190	60
6 Dogwood Drive Trce	0.54mi	3/2.0	1,453 (-7%)	6mo	$289,900	$200	58
7080 Hemlock Crse	0.48mi	4/2.0 (+1)	1,507 (-4%)	13mo	$257,500	$171	55
5545 SE 70th Ave	0.53mi	3/2.0	1,380 (-12%)	3mo	$244,800	$177	53
12 Dogwood Loop Ave	0.72mi	3/2.0	1,473 (-6%)	7mo	$285,000	$193	51
6940 Hemlock Rd	0.68mi	3/2.0	1,454 (-7%)	7mo	$287,000	$197	50
7292 Hemlock Loop	0.60mi	3/2.0	1,696 (+8%)	11mo	$279,000	$165	50
7025 SE 54th Ln	0.60mi	4/2.0 (+1)	1,531 (-2%)	19mo	$237,500	$155	47
13 Cedar Tree Run	0.63mi	3/2.0	1,473 (-6%)	17mo	$285,900	$194	47

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: 13.9%
• Equity multiple: 1.92×
• Total profit: $53,042
• Equity at exit: $127,999

10-year hold

• IRR: 13.4%
• Equity multiple: 3.57×
• Total profit: $147,487
• Equity at exit: $231,369

Cash invested: $57,400 (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: 9.4×

Monthly cashflow live

• Estimated rent: $1,818 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$281 /mo · $3,370/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $-5

Break-even live

Break-even rent $1,824

Max offer price $204,073

Occupancy floor 95%

Sensitivity live

Price	-10% $111	-5% $53	+0% $-5	+5% $-63	+10% $-121
Rent	-10% $-149	-5% $-77	+0% $-5	+5% $67	+10% $138
Rate	-1.0pp $98	-0.5pp $47	base $-5	+0.5pp $-58	+1.0pp $-112

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6 Cedar Dr Ocala, FL	3.0	2.0	1477	$1,675	$1.13	22d	1	0.24mi
57 Pine Cir Ocala, FL	3.0	2.0	1270	$1,897	$1.49	14d	1	0.28mi
2 Dogwood Drive Pl Ocala, FL	4.0	2.0	1608	$2,099	$1.31	22d	1	0.48mi
98 Dogwood Drive Cir Ocala, FL	3.0	2.0	1337	$1,695	$1.27	22d	1	0.51mi
88 Dogwood Drive Loop Ocala, FL	3.0	2.0	1659	$1,600	$0.96	22d	1	0.61mi
3 Pine Circle Pass Ocala, FL	3.0	2.0	1674	$1,700	$1.02	22d	1	0.62mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	14d	1	0.62mi
9 Pine Course Radl Ocala, FL	3.0	2.0	1453	$1,725	$1.19	14d	1	0.74mi
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	22d	1	0.80mi
7 Pine Run Ter Ocala, FL	3.0	2.0	1432	$1,500	$1.05	14d	1	0.82mi
21 Dogwood Drive Pass Ocala, FL	3.0	2.0	1390	$1,595	$1.15	22d	1	0.84mi
139 Pine Crse Ocala, FL	3.0	2.0	1398	$1,645	$1.18	14d	1	0.85mi
9 Dogwood Trail Dr Ocala, FL	3.0	2.0	1110	$1,595	$1.44	22d	1	0.94mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	22d	1	0.96mi
43 Water Track Loop Ocala, FL	3.0	2.0	1287	$1,799	$1.40	14d	1	1.06mi
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	22d	1	1.08mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	22d	1	1.09mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	22d	1	1.09mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	22d	1	1.20mi
13 Pine Radial Dr Ocala, FL	3.0	2.0	1453	$1,795	$1.24	22d	1	1.29mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	14d	1	1.29mi
11 Aspen Dr Ocala, FL	3.0	2.0	1357	$1,725	$1.27	22d	1	1.40mi
23 Aspen Dr Ocala, FL	3.0	2.0	1399	$1,650	$1.18	22d	1	1.41mi
9649 Bahia Rd Ocala, FL	3.0	2.0	1282	$1,595	$1.24	22d	1	1.47mi

Listing history 18 events

1. 2026-06-13
   status $205,000 Pending 156 DOM
2. 2026-06-10
   days on market $205,000 Active 156 DOM
3. 2026-06-09
   days on market $205,000 Active 155 DOM
4. 2026-06-08
   days on market $205,000 Active 154 DOM
5. 2026-06-07
   pricedays on market $205,000 Active 153 DOM
6. 2026-06-03
   days on market $224,999 Active 149 DOM
7. 2026-06-02
   days on market $224,999 Active 148 DOM
8. 2026-05-31
   days on market $224,999 Active 146 DOM
9. 2026-05-30
   days on market $224,999 Active 145 DOM
10. 2026-04-06
    price $224,999 1078-char remark

    Show marketing remark (1078 chars)

    This spacious 1,567 living sq. ft. 3 Bedroom/2 Bath home sits on a peaceful cul-de-sac and features a brand-new roof, offering long-term value and peace of mind. Set on a generous . 30-acre lot, the property provides plenty of room to spread out, garden, entertain, or simply enjoy the extra outdoor space. While the home could benefit from some cosmetic updates, it offers a fantastic foundation with a desirable split floor plan, vaulted ceilings, a large living room, a flexible dining/den area, and a sizeable kitchen with a convenient pass-through to the living room. Both the living room and the primary bedroom open to a patio overlooking the large backyard, offering an ideal setting for weekend barbecues, play areas, or quiet evenings outdoors. The two-car garage adds everyday convenience and additional storage space, making room for vehicles, hobbies, or seasonal items. Located on a dead-end street with no neighbors on one side, the home enjoys an added sense of privacy while still being just minutes from a variety of shopping, dining, and recreational options.

11. 2026-01-05
    listed $235,000 Active 1078-char remark

    Show marketing remark (1078 chars)

    This spacious 1,567 living sq. ft. 3 Bedroom/2 Bath home sits on a peaceful cul-de-sac and features a brand-new roof, offering long-term value and peace of mind. Set on a generous . 30-acre lot, the property provides plenty of room to spread out, garden, entertain, or simply enjoy the extra outdoor space. While the home could benefit from some cosmetic updates, it offers a fantastic foundation with a desirable split floor plan, vaulted ceilings, a large living room, a flexible dining/den area, and a sizeable kitchen with a convenient pass-through to the living room. Both the living room and the primary bedroom open to a patio overlooking the large backyard, offering an ideal setting for weekend barbecues, play areas, or quiet evenings outdoors. The two-car garage adds everyday convenience and additional storage space, making room for vehicles, hobbies, or seasonal items. Located on a dead-end street with no neighbors on one side, the home enjoys an added sense of privacy while still being just minutes from a variety of shopping, dining, and recreational options.

12. 2006-12-15
    historical
13. 2006-10-20
    listed $169,900
14. 2006-10-16
    historical
15. 2006-09-02
    listed $169,900
16. 2006-03-03
    soldstatus $135,000
17. 2000-07-07
    soldstatus $76,900
18. 1990-04-01
    soldstatus $12,000

ⓘ 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: $3,370 · $281/mo
• Projected year-2 tax: $3,370 · $281/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 4/10 Moderate FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 3/10 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: $21,813
• − Mortgage interest: −$11,483
• − Property taxes: −$3,370
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,745
• − Management: −$1,745
• − Depreciation: −$5,964
• Taxable loss: −$3,519
• Est. tax savings @ 24.0%: +$844
• After-tax cash flow: $781/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

+1775.0% since first listed

9 events — show timeline

• 2026-04-06 Price Changed $224,999 Stellar MLS as Distributed by MLS Grid
• 2026-01-05 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2006-12-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-10-20 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2006-10-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-09-02 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2006-03-03 Sold (Public Records) $135,000 Public Records
• 2000-07-07 Sold (Public Records) $76,900 Public Records
• 1990-04-01 Sold (Public Records) $12,000 Public Records

Property tax history

+8.5%/yr

Latest (2025): $3,370 · +12.1% YoY. Source: county tax records.