48 Fisher Lane Crse · Silver Springs Shores East, FL 32179

$269,990

4 bd · 2.0 ba · 1,666 sqft · Land · 120 Days on market

Built 2026 10,454 sqft lot $162/sqft · 7% above area Est $252k · 7% over ↓ 4% since listing

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Why this score? — see what drove the F 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 +7.6/30.0
• ARV discount +4.2/15.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Under Construction. Discover Your Dream Home in The Collection at Ocklawaha Community! Step into the Quail Ridge Plan, this delightful home features an open living room that flows into a beautifully designed dining area and kitchen, perfect for gatherings. The kitchen is the heart of the house, boasting elegant cabinetry, granite countertops, and stainless steel appliances, including a range with a microwave and dishwasher. The primary suite includes a private bath with dual vanity sinks and a spacious walk-in closet. Three more inviting bedrooms and a full secondary bath provide ample space. A two-car garage offers plenty of storage, and energy-efficient Low-E insulated dual-pane windows enhance comfort. Enjoy peace of mind with a one-year limited home warranty. Discover the Quail Ridge Plan and embrace a stylish and comfortable lifestyle.

Key facts

• Open living room
• Private bath
• Dining area

Tags

• OPEN LIVING ROOM
• DINING AREA
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PRIVATE BATH
• DUAL VANITY SINKS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $270k.

Deal economics

• At list price, monthly cash flow is $-318 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $224k (17.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $196k (27.4% below list).
• Recommended offer: $196k (27.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade F — 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.
• Zoned schools: Stanton-Weirsdale Elementary School (math 42% / reading 36%, grade F, #1,560 of 2,144 statewide, top 73%, 544 students, 70% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 431 active listings in the ZIP; 3 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).
• At $1,959/mo this rent would consume 51% of the median local household income ($47k/yr) (locally 303% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $195,927 (27.4% 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 120 days. Have you received any prior offers? Is the seller open to a 27% 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.73% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.05%
• DSCR: 0.78
• GRM: 11.5

CMA / ARV

• ARV (median comp): $251,680
• List price: $269,990
• Delta: 1.67%
• Verdict: FAIR
• Comps: 18 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -24.9%
• Equity multiple: 0.15×
• Total profit: $-63,975
• Equity at exit: $40,256

10-year hold

• IRR: -20.6%
• Equity multiple: -0.08×
• Total profit: $-81,669
• Equity at exit: $23,344

Cash invested: $75,597 (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 32179

• Home prices YoY: -18.3%
• Active inventory: 431
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $1,959 medium
• Mortgage (P&I): −$1,416
• Tax est. 1.5%: −$337 /mo · $4,050/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$411
• Net cashflow: $-318

Break-even live

Break-even rent $2,362

Max offer price $223,972

Occupancy floor —

Sensitivity live

Price	-10% $-131	-5% $-225	+0% $-318	+5% $-411	+10% $-505
Rent	-10% $-473	-5% $-395	+0% $-318	+5% $-241	+10% $-163
Rate	-1.0pp $-182	-0.5pp $-249	base $-318	+0.5pp $-388	+1.0pp $-459

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: $67,498
• Closing costs: $8,100
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
30 Bay Place Crse Ocklawaha, FL	3.0	2.0	1237	$1,625	$1.31	23d	1	0.77mi
56 Fisher Way Pass Ocklawaha, FL	3.0	2.0	1311	$1,895	$1.45	23d	1	1.11mi
7 Fisher Trace Pl Ocklawaha, FL	3.0	2.0	1786	$1,765	$0.99	15d	1	1.35mi

Listing history 23 events

1. 2026-06-22
   pricestatusdays on market $269,990 Pending 120 DOM
2. 2026-06-18
   days on market $255,888 Active 119 DOM
3. 2026-06-17
   days on market $255,888 Active 118 DOM
4. 2026-06-16
   days on market $255,888 Active 117 DOM
5. 2026-06-15
   days on market $255,888 Active 116 DOM
6. 2026-06-14
   days on market $255,888 Active 114 DOM
7. 2026-06-13
   days on market $255,888 Active 113 DOM
8. 2026-06-10
   days on market $255,888 Active 111 DOM
9. 2026-06-09
   days on market $255,888 Active 110 DOM
10. 2026-06-08
    days on market $255,888 Active 109 DOM
11. 2026-06-07
    days on market $255,888 Active 108 DOM
12. 2026-06-03
    days on market $255,888 Active 104 DOM
13. 2026-06-03
    price $255,888 Active 103 DOM
14. 2026-06-02
    days on market $259,990 Active 103 DOM
15. 2026-06-01
    days on market $259,990 Active 102 DOM
16. 2026-05-31
    days on market $259,990 Active 101 DOM
17. 2026-05-30
    days on market $259,990 Active 100 DOM
18. 2026-05-19
    price $264,990 852-char remark

    Show marketing remark (659 chars)

    4 bed | 2 bath | 2-bay | 1665 sqft Prices, plans, and terms are effective on the date of publication and subject to change without notice. Square footage/dimensions shown is only an estimate and actual square footage/dimensions will differ. Buyer should rely on his or her own evaluation of usable area. Depictions of homes or other features are artist conceptions. Hardscape, landscape, and other items shown may be decorator suggestions that are not included in the purchase price and availability may vary. No view is promised. Views may also be altered by subsequent development, construction, and landscaping growth. © 2024 Century Communities, Inc.

19. 2026-05-19
    price $264,990 659-char remark

    Show marketing remark (659 chars)

    4 bed | 2 bath | 2-bay | 1665 sqft Prices, plans, and terms are effective on the date of publication and subject to change without notice. Square footage/dimensions shown is only an estimate and actual square footage/dimensions will differ. Buyer should rely on his or her own evaluation of usable area. Depictions of homes or other features are artist conceptions. Hardscape, landscape, and other items shown may be decorator suggestions that are not included in the purchase price and availability may vary. No view is promised. Views may also be altered by subsequent development, construction, and landscaping growth. © 2024 Century Communities, Inc.

20. 2026-02-25
    price $269,990 659-char remark

    Show marketing remark (852 chars)

    Under Construction. Discover Your Dream Home in The Collection at Ocklawaha Community! Step into the Quail Ridge Plan, this delightful home features an open living room that flows into a beautifully designed dining area and kitchen, perfect for gatherings. The kitchen is the heart of the house, boasting elegant cabinetry, granite countertops, and stainless steel appliances, including a range with a microwave and dishwasher. The primary suite includes a private bath with dual vanity sinks and a spacious walk-in closet. Three more inviting bedrooms and a full secondary bath provide ample space. A two-car garage offers plenty of storage, and energy-efficient Low-E insulated dual-pane windows enhance comfort. Enjoy peace of mind with a one-year limited home warranty. Discover the Quail Ridge Plan and embrace a stylish and comfortable lifestyle.

21. 2026-02-25
    price $269,990 852-char remark

    Show marketing remark (852 chars)

    Under Construction. Discover Your Dream Home in The Collection at Ocklawaha Community! Step into the Quail Ridge Plan, this delightful home features an open living room that flows into a beautifully designed dining area and kitchen, perfect for gatherings. The kitchen is the heart of the house, boasting elegant cabinetry, granite countertops, and stainless steel appliances, including a range with a microwave and dishwasher. The primary suite includes a private bath with dual vanity sinks and a spacious walk-in closet. Three more inviting bedrooms and a full secondary bath provide ample space. A two-car garage offers plenty of storage, and energy-efficient Low-E insulated dual-pane windows enhance comfort. Enjoy peace of mind with a one-year limited home warranty. Discover the Quail Ridge Plan and embrace a stylish and comfortable lifestyle.

22. 2026-02-20
    listed $274,990 Active 659-char remark

    Show marketing remark (659 chars)

    4 bed | 2 bath | 2-bay | 1665 sqft Prices, plans, and terms are effective on the date of publication and subject to change without notice. Square footage/dimensions shown is only an estimate and actual square footage/dimensions will differ. Buyer should rely on his or her own evaluation of usable area. Depictions of homes or other features are artist conceptions. Hardscape, landscape, and other items shown may be decorator suggestions that are not included in the purchase price and availability may vary. No view is promised. Views may also be altered by subsequent development, construction, and landscaping growth. © 2024 Century Communities, Inc.

23. 2026-02-19
    listed $274,990 Active 852-char remark

    Show marketing remark (852 chars)

    Under Construction. Discover Your Dream Home in The Collection at Ocklawaha Community! Step into the Quail Ridge Plan, this delightful home features an open living room that flows into a beautifully designed dining area and kitchen, perfect for gatherings. The kitchen is the heart of the house, boasting elegant cabinetry, granite countertops, and stainless steel appliances, including a range with a microwave and dishwasher. The primary suite includes a private bath with dual vanity sinks and a spacious walk-in closet. Three more inviting bedrooms and a full secondary bath provide ample space. A two-car garage offers plenty of storage, and energy-efficient Low-E insulated dual-pane windows enhance comfort. Enjoy peace of mind with a one-year limited home warranty. Discover the Quail Ridge Plan and embrace a stylish and comfortable lifestyle.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,511
• − Mortgage interest: −$15,124
• − Property taxes: −$4,050
• − Insurance: −$1,350
• − Repairs & maintenance: −$1,881
• − Management: −$1,881
• − Depreciation: −$7,854
• Taxable loss: −$8,628
• Est. tax savings @ 24.0%: +$2,071
• After-tax cash flow: $-1,745/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

• Census place: Silver Springs Shores East, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 9,318
• Household income: $46,512
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 303.0

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: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 12% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -54.21%
• Current HPI: 242.0408
• Rent YoY: —
• 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

-3.6% since first listed

6 events — show timeline

• 2026-05-19 Price Changed $264,990 Stellar MLS as Distributed by MLS Grid
• 2026-05-19 Price Changed $264,990 Zillow
• 2026-02-25 Price Changed $269,990 Zillow
• 2026-02-25 Price Changed $269,990 Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Listed $274,990 Zillow
• 2026-02-19 Listed $274,990 Stellar MLS as Distributed by MLS Grid

Property tax history

+9.6%/yr

Latest (2025): $156 · +9.0% YoY. Source: county tax records.