596 Bahia Cir Unit B · Silver Springs Shores, FL 34472

$74,900

1 bd · 1.0 ba · 764 sqft · Condo public records · 160 Days on market

Built 1972 Fair condition $98/sqft · 30% below area Est $107k · 30% under $234/mo HOA · 18% of rent

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.0/10.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks

This Condo unit is conveniently located to shopping, restaurants and the community center. It would make an ideal snow bird retreat, starter home, or investment opportunity. All appliances are five years old or less and the water heater was replaced in 2025. HOA fee includes trash, cable and pool. Needs flooring but has been freshly painted and is priced to sell.

Key facts

• $234 HOA
• Community pool
• Built 1972

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $75k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $316 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.4% vs local median 4.9% 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: Greenway Elementary School (math 33% / reading 35%, grade F, #1,744 of 2,144 statewide, top 82%, 736 students, 67% 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: Rents flat; 952 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($518 loan paydown + $4k 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 $21k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 160 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $65,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.72% ✓
• Cap rate: 11.36%
• Cash-on-cash: 18.08%
• DSCR: 1.80
• GRM: 4.8

CMA / ARV

• ARV (median comp): $107,472
• List price: $74,900
• Delta: -30.31%
• 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
580 Fairways Cir Unit A	0.19mi	1/1.0	764 (0%)	3mo	$55,000	$72	89
572 Bahia Cir Unit B 205	0.04mi	1/1.0	844 (+10%)	5mo	$50,000	$59	76
657 Midway Dr Unit A	0.32mi	1/1.0	814 (+6%)	7mo	$100,000	$123	68
535 Midway Dr Unit B	0.45mi	1/1.0	844 (+10%)	5mo	$85,000	$101	57
538 Midway Dr Unit A	0.55mi	1/1.0	844 (+10%)	1mo	$100,000	$118	56
580 Fairways Ln Unit G204	0.34mi	2/2.0 (+1)	837 (+10%)	6mo	$86,000	$103	54
454 Fairways Cir Unit B204	0.36mi	2/2.0 (+1)	837 (+10%)	6mo	$125,000	$149	53
7990 Midway Drive Ter Unit M101	0.59mi	2/2.0 (+1)	840 (+10%)	3mo	$113,000	$135	44
8132 Fairways Cir Unit R103	0.57mi	2/2.0 (+1)	885 (+16%)	0mo	$99,900	$113	39
8134 Fairways Cir Unit R203	0.58mi	2/2.0 (+1)	885 (+16%)	5mo	$95,000	$107	35
474 Spring Ln	0.76mi	2/2.0 (+1)	891 (+17%)	0mo	$179,985	$202	31
3 Bahia Place Loop	0.84mi	2/2.0 (+1)	929 (+22%)	0mo	$170,000	$183	31

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: 28.3%
• Equity multiple: 2.81×
• Total profit: $38,016
• Equity at exit: $46,766

10-year hold

• IRR: 25.0%
• Equity multiple: 5.29×
• Total profit: $89,954
• Equity at exit: $84,535

Cash invested: $20,972 (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 →

Active competition Active MLS

• For sale now: 1 active
• Median asking: $95,000 ($107/sqft)
• Median days on market: 119 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +31.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 952
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,289 high
• Mortgage (P&I): −$393
• Tax from tax record: −$44 /mo · $534/yr
• Insurance: −$31
• HOA: −$234
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $316

Break-even live

Break-even rent $889

Max offer price $74,900

Occupancy floor 70%

Sensitivity live

Price	-10% $358	-5% $337	+0% $316	+5% $295	+10% $274
Rent	-10% $214	-5% $265	+0% $316	+5% $367	+10% $418
Rate	-1.0pp $354	-0.5pp $335	base $316	+0.5pp $297	+1.0pp $277

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: $18,725
• Closing costs: $2,247
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	117d	1	0.04mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	117d	1	0.05mi
570 Bahia Cir Unit B Ocala, FL	2.0	1.5	1031	$1,300	$1.26	6d	1	0.07mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	117d	1	0.13mi
600 Fairways Cir Unit B Ocala, FL	2.0	2.0	1072	$1,200	$1.12	6d	1	0.14mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	117d	1	0.14mi
549 Fairways Dr Unit B Ocala, FL	2.0	2.0	1031	$1,149	$1.11	6d	1	0.14mi
543 Fairways Dr Ocala, FL	2.0	2.0	1072	$1,250	$1.17	6d	1	0.15mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	117d	1	0.22mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	117d	1	0.25mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	117d	1	0.27mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	117d	1	0.27mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	109d	1	0.28mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	117d	1	0.34mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	109d	1	0.34mi
681 Midway Dr Ocala, FL	2.0	2.0	1068	$1,395	$1.31	4d	1	0.34mi
580 Fairways Ln Unit G203 Ocala, FL	2.0	2.0	837	$1,100	$1.31	6d	1	0.34mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	117d	1	0.36mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	117d	1	0.36mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	117d	1	0.36mi
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	6d	1	0.36mi
563 Midway Trak Unit K201 Ocala, FL	2.0	2.0	850	$1,350	$1.59	6d	1	0.39mi
563 Midway Trak Unit K203 Ocala, FL	2.0	2.0	837	$1,250	$1.49	6d	1	0.39mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	109d	1	0.44mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	6d	1	0.48mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	6d	1	0.52mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	117d	1	0.52mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	117d	1	0.55mi
60 Pine Trak Unit 103C Ocala, FL	2.0	2.0	832	$1,250	$1.50	6d	1	0.57mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	117d	1	0.59mi
64 Pine Trak Unit 104A Ocala, FL	2.0	2.0	832	$1,200	$1.44	6d	1	0.60mi
7912 Midway Drive Ter Unit T101 Ocala, FL	2.0	2.0	840	$1,200	$1.43	6d	1	0.61mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,300	$1.44	6d	1	0.96mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	117d	1	1.05mi
7455 Midway Ter Unit H Ocala, FL	2.0	1.0	904	$1,149	$1.27	6d	1	1.41mi
7455 Midway Ter Unit K Ocala, FL	2.0	1.0	904	$1,249	$1.38	117d	1	1.41mi

HOA detail $234/mo · $2,808/yr condo

• Likely covers: watertrashcablepool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-09-24
   days on market $74,900 Active 160 DOM
2. 2026-09-24
   days on market $74,900 Active 159 DOM
3. 2026-09-21
   days on market $74,900 Active 157 DOM
4. 2026-09-20
   days on market $74,900 Active 156 DOM
5. 2026-09-18
   days on market $74,900 Active 154 DOM
6. 2026-09-17
   days on market $74,900 Active 153 DOM
7. 2026-09-16
   days on market $74,900 Active 152 DOM
8. 2026-09-15
   days on market $74,900 Active 151 DOM
9. 2026-09-14
   days on market $74,900 Active 150 DOM
10. 2026-09-13
    days on market $74,900 Active 149 DOM
11. 2026-09-12
    days on market $74,900 Active 148 DOM
12. 2026-09-11
    days on market $74,900 Active 147 DOM
13. 2026-09-05
    days on market $74,900 Active 141 DOM
14. 2026-09-04
    days on market $74,900 Active 140 DOM
15. 2026-09-03
    days on market $74,900 Active 139 DOM
16. 2026-08-31
    days on market $74,900 Active 136 DOM
17. 2026-08-30
    days on market $74,900 Active 135 DOM
18. 2026-08-29
    days on market $74,900 Active 134 DOM
19. 2026-08-28
    days on market $74,900 Active 133 DOM
20. 2026-08-27
    days on market $74,900 Active 132 DOM
21. 2026-08-25
    days on market $74,900 Active 130 DOM
22. 2026-08-24
    days on market $74,900 Active 129 DOM
23. 2026-08-23
    days on market $74,900 Active 128 DOM
24. 2026-08-22
    days on market $74,900 Active 127 DOM
25. 2026-08-20
    days on market $74,900 Active 125 DOM
26. 2026-08-19
    days on market $74,900 Active 124 DOM
27. 2026-08-18
    days on market $74,900 Active 123 DOM
28. 2026-08-17
    days on market $74,900 Active 122 DOM
29. 2026-08-16
    days on market $74,900 Active 121 DOM
30. 2026-08-15
    days on market $74,900 Active 120 DOM
31. 2026-08-14
    days on market $74,900 Active 119 DOM
32. 2026-08-13
    days on market $74,900 Active 118 DOM
33. 2026-08-12
    days on market $74,900 Active 117 DOM
34. 2026-08-11
    days on market $74,900 Active 116 DOM
35. 2026-08-10
    days on market $74,900 Active 115 DOM
36. 2026-08-09
    days on market $74,900 Active 114 DOM
37. 2026-08-08
    days on market $74,900 Active 113 DOM
38. 2026-08-07
    days on market $74,900 Active 112 DOM
39. 2026-08-06
    days on market $74,900 Active 111 DOM
40. 2026-08-05
    days on market $74,900 Active 110 DOM
41. 2026-08-04
    days on market $74,900 Active 109 DOM
42. 2026-08-03
    days on market $74,900 Active 108 DOM
43. 2026-07-31
    days on market $74,900 Active 105 DOM
44. 2026-07-30
    days on market $74,900 Active 104 DOM
45. 2026-07-29
    days on market $74,900 Active 103 DOM
46. 2026-07-27
    days on market $74,900 Active 101 DOM
47. 2026-07-25
    days on market $74,900 Active 99 DOM
48. 2026-07-23
    days on market $74,900 Active 97 DOM
49. 2026-07-22
    days on market $74,900 Active 96 DOM
50. 2026-07-21
    days on market $74,900 Active 95 DOM

ⓘ 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: $534 · $44/mo
• Projected year-2 tax: $622 · $52/mo
• Expected delta: +$88/yr (+$7/mo · 16.4%)

ⓘ 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 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: $15,471
• − Mortgage interest: −$4,196
• − Property taxes: −$534
• − Insurance: −$374
• − Repairs & maintenance: −$1,238
• − Management: −$1,238
• − HOA: −$2,808
• − Depreciation: −$2,179
• Taxable income: $2,905
• Est. tax owed @ 24.0%: −$697
• After-tax cash flow: $3,095/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.

Condition & rehab AI · 9 photos

Fair 45/100 Cosmetic rehab Est. rehab $3,820–$11,460 screening

This condo unit is in fair condition with cosmetic repairs needed. Painting and carpet cleaning would significantly enhance its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good Flooring carpet Appliances white

Deferred maintenance Est. $3,000–$12,000 screening

• Minor Roof (roof) — No visible signs of damage or wear on the roof
• Minor Windows (windows) — No visible signs of damage or wear on the windows
• Minor Electrical (electrical) — No visible signs of damage or wear on the electrical components
• Minor Plumbing (plumbing) — No visible signs of damage or wear on the plumbing components
• Minor Exterior (exterior) — No visible signs of damage or wear on the exterior
• Minor Other — No visible signs of damage or wear on other components

Repairs flagged

• Minor Carpet cleaning — Stains visible on carpet
• Minor Paint touch-ups — Scuff marks on walls

Value-add opportunities

• Both Painting — Enhances curb appeal and interior aesthetics ↑
• Both Carpet cleaning — Improves living space appearance and reduces allergens ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 32/100

Zoned Schools

Elementary Greenway Elementary School F FL #1,744/2,144 Nat'l #24,299/41,679 Middle Lake Weir Middle School F FL #416/571 Nat'l #7,460/14,009 High Lake Weir High School F FL #458/667 Nat'l #11,681/17,239

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

C Composite livability gradescore 68/100

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 · 365,905 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: 14% of renters

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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%

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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%

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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

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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

+299.5% since first listed

6 events — show timeline

• 2026-04-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-23 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2007-08-06 Sold (Public Records) $75,000 Public Records
• 2003-11-23 Sold (Public Records) $28,000 Public Records
• 1984-01-01 Sold (Public Records) $32,500 Public Records
• 1975-05-01 Sold (Public Records) $18,750 Public Records

Property tax history

+5.8%/yr

Latest (2025): $534 · +65.9% YoY. Source: county tax records.