15 Locust Loop Dr · Silver Springs Shores, FL 34472

$279,000

3 bd · 2.0 ba · 2,132 sqft · SingleFamily public records · 191 Days on market

Built 2006 10,019 sqft lot $131/sqft · at area comps Est $282k · at est.

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Why this score? — see what drove the D- 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 +8.0/15.0
• Appreciation +8.0/10.0
• Cash flow +7.9/30.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• 1% rule +1.5/10.0

Listing remarks MLS

Beautiful home with high ceiling throughout , home also has luxury vinyl planks throughout , very spacious bedrooms with a formal living room and family room there is also a front room that can be use as n office . this home also has a roof less than a year old . has a lanai with window that you can enjoy in the evening after long way of work , has a workshop if you like to work on your own cars , this place is very accommodating with a very nice kitchen with a wide breakfast bar is ready to have those breakfast together as a family. come and take a look .

Key facts

• High ceiling
• Luxury vinyl planks
• Family room

Tags

• HIGH CEILING
• LUXURY VINYL PLANKS
• FORMAL LIVING ROOM
• FAMILY ROOM
• FRONT ROOM
• ROOF LESS THAN A YEAR OLD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $279k.

Deal economics

• At list price, monthly cash flow is $-301 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $226k (19.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (34.7% below list).
• Recommended offer: $182k (34.7% below list) — sets the bar for 1% rule.

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; 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 $18k of equity ($2k loan paydown + $17k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y 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.

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 $182,298 (34.7% 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 191 days. Have you received any prior offers? Is the seller open to a 35% 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. 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?
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: 0.65% ✗
• Cap rate: 5.00%
• Cash-on-cash: -4.62%
• DSCR: 0.79
• GRM: 12.8

CMA / ARV

• ARV (median comp): $282,270
• List price: $279,000
• Delta: -1.16%
• Verdict: FAIR
• Comps: 11 within 1.0 mi

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 10.5%
• Equity multiple: 1.71×
• Total profit: $55,131
• Equity at exit: $174,203

10-year hold

• IRR: 11.0%
• Equity multiple: 3.15×
• Total profit: $168,171
• Equity at exit: $314,888

Cash invested: $78,120 (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: 12.8×

Monthly cashflow live

• Estimated rent: $1,823 medium
• Mortgage (P&I): −$1,463
• Tax from tax record: −$162 /mo · $1,942/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $-301

Break-even live

Break-even rent $2,204

Max offer price $225,827

Occupancy floor —

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: $69,750
• Closing costs: $8,370
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-18
   days on market $279,000 Active 191 DOM
2. 2026-06-17
   days on market $279,000 Active 190 DOM
3. 2026-06-16
   days on market $279,000 Active 189 DOM
4. 2026-06-15
   days on market $279,000 Active 188 DOM
5. 2026-06-14
   days on market $279,000 Active 186 DOM
6. 2026-06-13
   days on market $279,000 Active 185 DOM
7. 2026-06-10
   days on market $279,000 Active 183 DOM
8. 2026-06-09
   days on market $279,000 Active 182 DOM
9. 2026-06-08
   days on market $279,000 Active 181 DOM
10. 2026-06-07
    days on market $279,000 Active 180 DOM
11. 2026-06-03
    days on market $279,000 Active 176 DOM
12. 2026-06-02
    days on market $279,000 Active 175 DOM
13. 2026-05-31
    days on market $279,000 Active 173 DOM
14. 2026-05-30
    days on market $279,000 Active 172 DOM
15. 2026-02-06
    price $279,000 566-char remark

    Show marketing remark (566 chars)

    Beautiful home with high ceiling throughout , home also has luxury vinyl planks throughout , very spacious bedrooms with a formal living room and family room there is also a front room that can be use as n office . this home also has a roof less than a year old . has a lanai with window that you can enjoy in the evening after long way of work , has a workshop if you like to work on your own cars , this place is very accommodating with a very nice kitchen with a wide breakfast bar is ready to have those breakfast together as a family. come and take a look .

16. 2025-12-09
    listed $289,000 Active 566-char remark

    Show marketing remark (566 chars)

    Beautiful home with high ceiling throughout , home also has luxury vinyl planks throughout , very spacious bedrooms with a formal living room and family room there is also a front room that can be use as n office . this home also has a roof less than a year old . has a lanai with window that you can enjoy in the evening after long way of work , has a workshop if you like to work on your own cars , this place is very accommodating with a very nice kitchen with a wide breakfast bar is ready to have those breakfast together as a family. come and take a look .

17. 2025-01-07
    soldstatus $270,000 Closed 673-char remark

    Show marketing remark (673 chars)

    Come see this 3 bedroom/2 bathroom split-bedroom floorplan home with a BRAND NEW ROOF, and fresh interior paint! This home with its beautiful 10 ft ceilings throughout, has over 2,100 SF of living space; all covered with luxury vinyl flooring. The living areas in this home provide ample room to spread out; separate living room, dining room, family room, office area and more! The kitchen with its wide breakfast bar is open to the eat-in area as well as the living room and has tall sliding glass doors which lead out to the sunroom. There is an attached 2 car garage as well as a storage shed and the backyard is fenced in with vinyl fencing. Don't wait to see this one!

18. 2024-12-09
    status Pending 673-char remark

    Show marketing remark (673 chars)

    Come see this 3 bedroom/2 bathroom split-bedroom floorplan home with a BRAND NEW ROOF, and fresh interior paint! This home with its beautiful 10 ft ceilings throughout, has over 2,100 SF of living space; all covered with luxury vinyl flooring. The living areas in this home provide ample room to spread out; separate living room, dining room, family room, office area and more! The kitchen with its wide breakfast bar is open to the eat-in area as well as the living room and has tall sliding glass doors which lead out to the sunroom. There is an attached 2 car garage as well as a storage shed and the backyard is fenced in with vinyl fencing. Don't wait to see this one!

19. 2024-09-18
    price $289,000 673-char remark

    Show marketing remark (673 chars)

    Come see this 3 bedroom/2 bathroom split-bedroom floorplan home with a BRAND NEW ROOF, and fresh interior paint! This home with its beautiful 10 ft ceilings throughout, has over 2,100 SF of living space; all covered with luxury vinyl flooring. The living areas in this home provide ample room to spread out; separate living room, dining room, family room, office area and more! The kitchen with its wide breakfast bar is open to the eat-in area as well as the living room and has tall sliding glass doors which lead out to the sunroom. There is an attached 2 car garage as well as a storage shed and the backyard is fenced in with vinyl fencing. Don't wait to see this one!

20. 2024-09-04
    listed $299,900 Active 673-char remark

    Show marketing remark (673 chars)

    Come see this 3 bedroom/2 bathroom split-bedroom floorplan home with a BRAND NEW ROOF, and fresh interior paint! This home with its beautiful 10 ft ceilings throughout, has over 2,100 SF of living space; all covered with luxury vinyl flooring. The living areas in this home provide ample room to spread out; separate living room, dining room, family room, office area and more! The kitchen with its wide breakfast bar is open to the eat-in area as well as the living room and has tall sliding glass doors which lead out to the sunroom. There is an attached 2 car garage as well as a storage shed and the backyard is fenced in with vinyl fencing. Don't wait to see this one!

21. 2020-06-04
    soldstatus $149,900
22. 2019-12-05
    listed $149,900
23. 2011-02-23
    soldstatus $75,000
24. 2010-08-28
    listed $79,900
25. 2006-06-30
    soldstatus $210,000
26. 2006-06-27
    soldstatus $210,000
27. 2006-01-13
    listed $239,900

ⓘ 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: $1,942 · $162/mo
• Projected year-2 tax: $2,316 · $193/mo
• Expected delta: +$374/yr (+$31/mo · 19.3%)

ⓘ 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: $21,876
• − Mortgage interest: −$15,628
• − Property taxes: −$1,942
• − Insurance: −$1,395
• − Repairs & maintenance: −$1,750
• − Management: −$1,750
• − Depreciation: −$8,116
• Taxable loss: −$8,706
• Est. tax savings @ 24.0%: +$2,089
• After-tax cash flow: $-1,523/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

+16.3% since first listed

13 events — show timeline

• 2026-02-06 Price Changed $279,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-09 Listed $289,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-07 Sold (MLS) $270,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-09-18 Price Changed $289,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-04 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 2020-06-04 Sold (MLS) $149,900 Stellar MLS as Distributed by MLS Grid
• 2019-12-05 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2011-02-23 Sold (MLS) $75,000 Stellar MLS as Distributed by MLS Grid
• 2010-08-28 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2006-06-30 Sold (Public Records) $210,000 Public Records
• 2006-06-27 Sold (MLS) $210,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-13 Listed $239,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+0.5%/yr

Latest (2025): $1,942 · +14.3% YoY. Source: county tax records.