19 Spring DR Pl · Silver Springs Shores, FL 34472

$154,900

3 bd · 2.0 ba · 1,284 sqft · SingleFamily public records · 24 Days on market

Built 1978 7,405 sqft lot Est $205k · 25% 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).

• Cash flow +16.3/30.0
• ARV discount +15.0/15.0
• Appreciation +8.0/10.0
• 1% rule +5.5/10.0
• DSCR +5.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

One or more photo(s) has been virtually staged. Come check out this three bedroom, two bath, one car garage home located in Silver Spring Shores. Nice brick facade with a fenced backyard and a large screen room. All the rooms throughout the house are tile, including the garage. Newer kitchen cabinets. Follow the rooms in this house are of a larger size than you would expect. separate laundry area in the garage.

Key facts

• Tile floors
• Brick facade
• Large screen room

Tags

• BRICK FACADE
• FENCED BACKYARD
• LARGE SCREEN ROOM
• TILE FLOORS
• NEWER KITCHEN CABINETS
• SEPARATE LAUNDRY AREA

Property features AI

Finance

• Other: Total acreage: less than 1/4 acre (approx. 0.17 acres)
• Financial info: No lease restrictions indicated
• HOA & community: No association indicated; No association approval required

Exterior

• Parking: Attached garage (1 car) — 26 x 16
• Security: Private mailbox
• Utilities: Public water; Sewer connected (other); Cable available; Water connected
• Home design: Single-family residence; Residential property; One story; Faces southeast; Completed condition; Zoned R1
• Construction: Brick and frame construction; Shingle roof; Slab foundation; Built with living area reported from public records
• Exterior features: Rear screened porch; Private mailbox; Rain gutters; Sliding doors; Chain link fencing; Shed(s); Cleared lot; Paved areas; Asphalt road access; Publicly maintained road

Interior

• Kitchen: Other appliances
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Thermostat
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $85 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $153k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.0% 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, 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 High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Zoned-school proficiency averages 30% at this address vs 42% district-wide (-12 pts) — the specific schools serving this property underperform the Marion average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 674 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k 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 $43k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $127k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $152,576 (1.5% below list)

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.05% ✓
• Cap rate: 6.95%
• Cash-on-cash: 2.36%
• DSCR: 1.10
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $205,440
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6 Spring Lane Way	0.10mi	3/2.0	1,275 (-1%)	2mo	$125,000	$98	93
47 Lake Court Loop	0.33mi	3/2.0	1,151 (-10%)	4mo	$140,000	$122	64
48 Silver Pl	0.38mi	2/2.0 (-1)	1,194 (-7%)	3mo	$205,000	$172	63
101 Spring Loop	0.25mi	3/2.0	1,154 (-10%)	22mo	$140,000	$121	53
31 Palm Rd	0.58mi	3/2.0	1,372 (+7%)	13mo	$220,000	$160	51
13 Brook Pl	0.19mi	3/2.0	1,473 (+15%)	20mo	$285,000	$193	50
11 Silver Dr	0.56mi	3/2.0	1,456 (+13%)	17mo	$230,000	$158	38
10 Bahia Way	0.65mi	3/2.0	1,388 (+8%)	23mo	$220,000	$159	37
11 Spring Lake Ln	0.70mi	2/2.0 (-1)	1,180 (-8%)	19mo	$199,900	$169	33
13 Emerald Ct	0.71mi	3/2.0	1,427 (+11%)	22mo	$250,000	$175	30

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: 15.8%
• Equity multiple: 2.04×
• Total profit: $45,139
• Equity at exit: $96,717

10-year hold

• IRR: 14.8%
• Equity multiple: 3.78×
• Total profit: $120,785
• Equity at exit: $174,825

Cash invested: $43,372 (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: 8.0×

Monthly cashflow live

• Estimated rent: $1,620 high
• Mortgage (P&I): −$812
• Tax from tax record: −$318 /mo · $3,816/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $85

Break-even live

Break-even rent $1,512

Max offer price $154,900

Occupancy floor 90%

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	13d	1	0.48mi
8 Ash Pass Run Ocala, FL	3.0	2.0	1128	$1,650	$1.46	21d	1	0.57mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	21d	1	0.65mi
60 Bahia Court Trak Ocala, FL	3.0	2.0	1413	$1,695	$1.20	21d	1	0.72mi
2 Ash Dr Ocala, FL	3.0	2.0	1083	$1,750	$1.62	13d	1	0.74mi
478 Water Pl Ocala, FL	3.0	2.0	1228	$1,650	$1.34	21d	1	0.81mi
9337 Bahia Rd Ocala, FL	3.0	2.0	1402	$1,765	$1.26	13d	1	0.83mi
226 Oak Cir Ocala, FL	3.0	2.0	1406	$1,675	$1.19	13d	1	0.89mi
455 Water Rd Ocala, FL	3.0	2.0	1275	$1,450	$1.14	13d	1	0.90mi
708 Bahia Cir Ocala, FL	3.0	2.0	1352	$1,500	$1.11	21d	1	0.94mi
446 Water Rd Ocala, FL	3.0	2.0	1248	$1,425	$1.14	21d	1	0.97mi
619 Silver Pass Ocala, FL	3.0	2.0	1510	$1,495	$0.99	21d	1	1.06mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	21d	1	1.11mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	21d	1	1.13mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	13d	1	1.21mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	21d	1	1.21mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	21d	1	1.23mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	21d	1	1.24mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	21d	1	1.24mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	13d	1	1.26mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	13d	1	1.26mi
9610 Bahia Rd Ocala, FL	4.0	2.0	1617	$1,895	$1.17	21d	1	1.29mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	21d	1	1.32mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	21d	1	1.35mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	21d	1	1.37mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	13d	1	1.38mi
310 Oak Lane Pass Ocala, FL	2.0	2.0	988	$1,325	$1.34	21d	1	1.46mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	13d	1	1.49mi

Listing history 16 events

1. 2026-06-18
   days on market $154,900 Active 24 DOM
2. 2026-06-17
   days on market $154,900 Active 23 DOM
3. 2026-06-16
   status $154,900 Active 22 DOM
4. 2026-06-13
   statusdays on market $154,900 Pending 22 DOM
5. 2026-06-10
   days on market $154,900 Active 20 DOM
6. 2026-06-09
   days on market $154,900 Active 19 DOM
7. 2026-06-08
   days on market $154,900 Active 18 DOM
8. 2026-06-07
   days on market $154,900 Active 17 DOM
9. 2026-06-03
   days on market $154,900 Active 13 DOM
10. 2026-06-02
    days on market $154,900 Active 12 DOM
11. 2026-06-01
    days on market $154,900 Active 11 DOM
12. 2026-05-31
    days on market $154,900 Active 10 DOM
13. 2026-05-30
    days on market $154,900 Active 9 DOM
14. 2026-05-21
    listed $154,900 Active
15. 2019-10-18
    soldstatus $127,000
16. 1993-03-18
    soldstatus $45,500

ⓘ 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: $3,816 · $318/mo
• Projected year-2 tax: $3,816 · $318/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 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $19,442
• − Mortgage interest: −$8,677
• − Property taxes: −$3,816
• − Insurance: −$774
• − Repairs & maintenance: −$1,555
• − Management: −$1,555
• − Depreciation: −$4,506
• Taxable loss: −$1,442
• Est. tax savings @ 24.0%: +$346
• After-tax cash flow: $1,367/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

+240.4% since first listed

3 events — show timeline

• 2026-05-21 Listed $154,900 Stellar MLS as Distributed by MLS Grid
• 2019-10-18 Sold (Public Records) $127,000 Public Records
• 1993-03-18 Sold (Public Records) $45,500 Public Records

Property tax history

+18.2%/yr

Latest (2025): $3,816 · +220.9% YoY. Source: county tax records.