28 Pine Court Dr · Silver Springs Shores, FL 34472

$220,000

3 bd · 2.0 ba · 1,285 sqft · SingleFamily public records · 5 Days on market

Built 2018 0.26 ac lot Est $253k · 13% 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 +13.4/15.0
• Cash flow +13.3/30.0
• Appreciation +8.0/10.0
• DSCR +4.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

BRAND NEW Construction by one of Ocala's Premier Builders!! Great 3/2/1 home featuring an open floor plan and kitchen with breakfast bar plus large pantry. Large master bedroom with tiled shower and walk in closet. Spacious guest bedrooms and guest bath will please just about anyone! This home comes with energy efficient LED lighting, e-rated windows and an inside laundry. Builders 10 year structural warranty and 1 year home warranty. Estimated to be complete by June 2018!

Key facts

• Open floor plan
• Walk-in closet
• Private bath

Tags

• OPEN FLOOR PLAN
• MODERN KITCHEN
• BREAKFAST BAR
• LARGE PANTRY
• WALK-IN CLOSET
• PRIVATE BATH

Property features AI

Finance

• Other: Zoned R-1 single family dwelling; Lot size approximately 0.26 acres (1/4 to less than 1/2 acre)
• HOA & community: No association fees (no HOA)

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Well water; Public sewer; Electricity connected
• Home design: Single-family residence; One story; Faces southwest
• Construction: Block, concrete and stucco construction; Shingle roof; Slab foundation; Built as residential (single family)
• Exterior features: Cleared lot; Paved lot/driveway; Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Eat-in kitchen
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $1 ($9/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 $178k (18.9% below list).
• Recommended offer: $178k (18.9% below list) — sets the bar for 1% rule.
• 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; 682 active listings in the ZIP; 28 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 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 $15k of equity ($2k loan paydown + $13k 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 $62k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 8y ago 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 $135k; list at $220k implies a 63% 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 $178,384 (18.9% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.81% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.02%
• DSCR: 1.00
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $253,145
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5545 SE 70th Ave	0.18mi	3/2.0	1,380 (+7%)	3mo	$244,800	$177	77
6940 Hemlock Rd	0.07mi	3/2.0	1,454 (+13%)	7mo	$287,000	$197	69
12 Pine Trace Ter	0.59mi	3/2.0	1,254 (-2%)	3mo	$250,000	$199	66
12 Pine Trace Way	0.55mi	3/2.0	1,400 (+9%)	2mo	$274,000	$196	58
6915 SE 54th Ln	0.22mi	3/2.0	1,134 (-12%)	18mo	$170,000	$150	56
28 Pecan Course Loop	0.70mi	3/2.0	1,332 (+4%)	9mo	$250,000	$188	54
36 Pine Trace Loop	0.74mi	3/2.0	1,315 (+2%)	15mo	$259,900	$198	49
2 Pecan Pl	0.57mi	3/2.0	1,440 (+12%)	6mo	$270,000	$188	48
13 Bahia Trace Loop	0.54mi	3/2.0	1,399 (+9%)	16mo	$240,000	$172	47
9 Hemlock Terrace Pass	0.60mi	3/2.0	1,153 (-10%)	13mo	$243,000	$211	44
7299 Hemlock Rd	0.64mi	3/2.0	1,453 (+13%)	6mo	$286,900	$197	44
2 Pecan Course Cir	0.60mi	3/2.0	1,400 (+9%)	18mo	$281,000	$201	42

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: 14.1%
• Equity multiple: 1.94×
• Total profit: $57,707
• Equity at exit: $137,364

10-year hold

• IRR: 13.7%
• Equity multiple: 3.61×
• Total profit: $160,923
• Equity at exit: $248,299

Cash invested: $61,600 (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: 10.3×

Monthly cashflow live

• Estimated rent: $1,784 high
• Mortgage (P&I): −$1,154
• Tax from tax record: −$163 /mo · $1,957/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $1

Break-even live

Break-even rent $1,783

Max offer price $220,000

Occupancy floor 95%

Sensitivity live

Price	-10% $125	-5% $63	+0% $1	+5% $-61	+10% $-124
Rent	-10% $-140	-5% $-70	+0% $1	+5% $71	+10% $142
Rate	-1.0pp $112	-0.5pp $57	base $1	+0.5pp $-56	+1.0pp $-114

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	22d	1	0.24mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	15d	1	0.30mi
7215 Midway Ter Ocala, FL	2.0	2.0	975	$1,175	$1.21	22d	1	0.62mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	22d	1	0.75mi
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	22d	1	0.82mi
98 Dogwood Drive Cir Ocala, FL	3.0	2.0	1337	$1,695	$1.27	22d	1	0.86mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	15d	1	0.90mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	22d	1	0.90mi
6 Cedar Dr Ocala, FL	3.0	2.0	1477	$1,675	$1.13	22d	1	0.91mi
7455 Midway Ter Unit K Ocala, FL	2.0	1.0	904	$1,249	$1.38	22d	1	0.98mi
57 Pine Cir Ocala, FL	3.0	2.0	1270	$1,897	$1.49	15d	1	0.99mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	22d	1	1.00mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	22d	1	1.04mi
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	15d	1	1.04mi
9 Dogwood Trail Dr Ocala, FL	3.0	2.0	1110	$1,595	$1.44	22d	1	1.09mi
88 Dogwood Drive Loop Ocala, FL	3.0	2.0	1659	$1,600	$0.96	22d	1	1.10mi
2 Dogwood Drive Pl Ocala, FL	4.0	2.0	1608	$2,099	$1.31	22d	1	1.17mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	22d	1	1.18mi
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	22d	1	1.19mi
21 Dogwood Drive Pass Ocala, FL	3.0	2.0	1390	$1,595	$1.15	22d	1	1.25mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	22d	1	1.28mi
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	22d	1	1.30mi
3 Pine Circle Pass Ocala, FL	3.0	2.0	1674	$1,700	$1.02	22d	1	1.32mi
9 Pine Course Radl Ocala, FL	3.0	2.0	1453	$1,725	$1.19	15d	1	1.42mi
96 Redwood Rd Ocala, FL	3.0	2.0	1188	$1,650	$1.39	15d	1	1.45mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	15d	1	1.45mi
36 Pecan Run Crse Ocala, FL	3.0	2.0	1188	$1,850	$1.56	15d	1	1.45mi
7 Pine Run Ter Ocala, FL	3.0	2.0	1432	$1,500	$1.05	15d	1	1.48mi

Listing history 5 events

1. 2026-05-11
   status Pending
2. 2026-05-06
   listed $220,000 Active
3. 2018-08-22
   soldstatus $134,900
4. 2018-08-10
   soldstatus $134,900 477-char remark

   Show marketing remark (477 chars)

   BRAND NEW Construction by one of Ocala's Premier Builders!! Great 3/2/1 home featuring an open floor plan and kitchen with breakfast bar plus large pantry. Large master bedroom with tiled shower and walk in closet. Spacious guest bedrooms and guest bath will please just about anyone! This home comes with energy efficient LED lighting, e-rated windows and an inside laundry. Builders 10 year structural warranty and 1 year home warranty. Estimated to be complete by June 2018!

5. 2018-04-06
   listed $134,900 477-char remark

   Show marketing remark (477 chars)

   BRAND NEW Construction by one of Ocala's Premier Builders!! Great 3/2/1 home featuring an open floor plan and kitchen with breakfast bar plus large pantry. Large master bedroom with tiled shower and walk in closet. Spacious guest bedrooms and guest bath will please just about anyone! This home comes with energy efficient LED lighting, e-rated windows and an inside laundry. Builders 10 year structural warranty and 1 year home warranty. Estimated to be complete by June 2018!

ⓘ 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: $1,957 · $163/mo
• Projected year-2 tax: $1,957 · $163/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 4/10 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: $21,406
• − Mortgage interest: −$12,323
• − Property taxes: −$1,957
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,712
• − Management: −$1,712
• − Depreciation: −$6,400
• Taxable loss: −$3,799
• Est. tax savings @ 24.0%: +$912
• After-tax cash flow: $921/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

+63.1% since first listed

5 events — show timeline

• 2026-05-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Listed $220,000 Stellar MLS as Distributed by MLS Grid
• 2018-08-22 Sold (Public Records) $134,900 Public Records
• 2018-08-10 Sold (MLS) $134,900 Stellar MLS as Distributed by MLS Grid
• 2018-04-06 Listed $134,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+29.2%/yr

Latest (2025): $1,957 · +14.0% YoY. Source: county tax records.