7930 Midway Drive Ter Unit R201 · Silver Springs Shores, FL 34472

$119,000

2 bd · 2.0 ba · 840 sqft · Condo public records · 127 Days on market

Built 1987 $142/sqft · 8% above area Est $110k · 8% over $337/mo HOA · 25% of rent

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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).

• Appreciation +8.0/10.0
• Cash flow +7.4/30.0
• 1% rule +6.5/10.0
• ARV discount +3.9/15.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.6/10.0

Listing remarks MLS

Alert, Price Reduction! Wow, what a view and talk about Adorable!! Immaculate 2-bedroom, 2 bathroom condo in the popular Derby Downs 55+ Golf community! Overlooking the fairways from your sunroom and privately located on the second floor is where you will want to be. HOA takes care of important maintenance such as irrigation/landscaping/lawn maintenance , pest control, trash removal so you can enjoy and relax! This home has an A/C - 2021, Roof- 2019, new oven- 2025. One pet under 25lbs is permitted. Owner has access to Silver Springs Shores Community Center with pools, tennis courts, exercise room, library, basketball, billiards and activities all less than a mile away. This easy living lifestyle can be all yours.

Key facts

• Second floor
• Exercise room
• Tennis courts

Tags

• SUNROOM
• SECOND FLOOR
• POOLS
• TENNIS COURTS
• EXERCISE ROOM
• LIBRARY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $119k.

Deal economics

• At list price, monthly cash flow is $-151 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $92k (22.4% below list).
• Meets the 1% rule at list price ($1k rent vs $119k).
• Recommended offer: $92k (22.4% below list) — sets the bar for cash-flow.

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; 683 active listings in the ZIP; 22 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).

Forward outlook

• In year one you build about $8k of equity ($823 loan paydown + $7k 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 5, 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 127 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $100k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $92,350 (22.4% 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 127 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
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: 1.15% ✓
• Cap rate: 4.77%
• Cash-on-cash: -5.43%
• DSCR: 0.76
• GRM: 7.3

CMA / ARV

• ARV (median comp): $110,090
• List price: $119,000
• Delta: 8.09%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 9.3%
• Equity multiple: 1.62×
• Total profit: $20,767
• Equity at exit: $74,302

10-year hold

• IRR: 9.6%
• Equity multiple: 2.87×
• Total profit: $62,446
• Equity at exit: $134,307

Cash invested: $33,320 (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: 683
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,364 high
• Mortgage (P&I): −$624
• Tax from tax record: −$218 /mo · $2,611/yr
• Insurance: −$50
• HOA: −$337
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $-151

Break-even live

Break-even rent $1,555

Max offer price $92,350

Occupancy floor —

Sensitivity live

Price	-10% $-83	-5% $-117	+0% $-151	+5% $-185	+10% $-218
Rent	-10% $-259	-5% $-205	+0% $-151	+5% $-97	+10% $-43
Rate	-1.0pp $-91	-0.5pp $-121	base $-151	+0.5pp $-182	+1.0pp $-213

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	23d	1	0.11mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	15d	1	0.35mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	23d	1	0.35mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	15d	1	0.48mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	23d	1	0.55mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	23d	1	0.56mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	23d	1	0.60mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	23d	1	0.65mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	23d	1	0.68mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	23d	1	0.71mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	23d	1	0.71mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	23d	1	0.72mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	23d	1	0.73mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	23d	1	0.74mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	23d	1	0.75mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	23d	1	0.75mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	23d	1	0.75mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	23d	1	0.75mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	15d	1	0.80mi
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	23d	1	0.81mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	15d	1	0.86mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	15d	1	1.14mi

HOA detail condo

• Monthly dues: $337 · $4,044/yr
• Likely covers: trashlandscapingpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 26 events

1. 2026-06-22
   days on market $119,000 Active 127 DOM
2. 2026-06-18
   days on market $119,000 Active 124 DOM
3. 2026-06-17
   days on market $119,000 Active 123 DOM
4. 2026-06-16
   days on market $119,000 Active 122 DOM
5. 2026-06-15
   days on market $119,000 Active 121 DOM
6. 2026-06-14
   days on market $119,000 Active 119 DOM
7. 2026-06-13
   days on market $119,000 Active 118 DOM
8. 2026-06-10
   days on market $119,000 Active 116 DOM
9. 2026-06-09
   days on market $119,000 Active 115 DOM
10. 2026-06-08
    days on market $119,000 Active 114 DOM
11. 2026-06-07
    days on market $119,000 Active 113 DOM
12. 2026-06-03
    days on market $119,000 Active 109 DOM
13. 2026-06-02
    days on market $119,000 Active 108 DOM
14. 2026-06-01
    days on market $119,000 Active 107 DOM
15. 2026-05-31
    days on market $119,000 Active 106 DOM
16. 2026-05-30
    days on market $119,000 Active 105 DOM
17. 2026-04-16
    price $119,000 723-char remark

    Show marketing remark (723 chars)

    Alert, Price Reduction! Wow, what a view and talk about Adorable!! Immaculate 2-bedroom, 2 bathroom condo in the popular Derby Downs 55+ Golf community! Overlooking the fairways from your sunroom and privately located on the second floor is where you will want to be. HOA takes care of important maintenance such as irrigation/landscaping/lawn maintenance , pest control, trash removal so you can enjoy and relax! This home has an A/C - 2021, Roof- 2019, new oven- 2025. One pet under 25lbs is permitted. Owner has access to Silver Springs Shores Community Center with pools, tennis courts, exercise room, library, basketball, billiards and activities all less than a mile away. This easy living lifestyle can be all yours.

18. 2026-02-14
    listed $122,500 Active 723-char remark

    Show marketing remark (723 chars)

    Alert, Price Reduction! Wow, what a view and talk about Adorable!! Immaculate 2-bedroom, 2 bathroom condo in the popular Derby Downs 55+ Golf community! Overlooking the fairways from your sunroom and privately located on the second floor is where you will want to be. HOA takes care of important maintenance such as irrigation/landscaping/lawn maintenance , pest control, trash removal so you can enjoy and relax! This home has an A/C - 2021, Roof- 2019, new oven- 2025. One pet under 25lbs is permitted. Owner has access to Silver Springs Shores Community Center with pools, tennis courts, exercise room, library, basketball, billiards and activities all less than a mile away. This easy living lifestyle can be all yours.

19. 2022-01-10
    soldstatus $100,000 Closed 1061-char remark

    Show marketing remark (1061 chars)

    This upstairs 2 bedroom and 2 full bathroom home is turnkey, just bring your groceries and golf clubs! Enjoy morning coffee on your enclosed balcony while watching the birds begin their day. And you can open the vinyl windows for a great breeze through the screen while you relax with a golf course view. Derby Downs is a 55 plus community tucked away, surrounded by the Silver Springs Shores golf course, yet less than 3 miles from shopping, restaurants, doctors and more. Inside laundry with washer and dryer included, AC new in November 2021, roof new in 2019. Large linen closet for storage. HOA fees include roof, exterior building repair and painting, lawn maintenance/landscaping, irrigation, pest control, insurance. One assigned parking space per unit. One pet under 25 pounds can be kept in a unit. Owner has access to Silver Springs Shores Community Center with pools, tennis, basketball, billiards, exercise room, movies, library and activities, less than 1 mile away. Measurements are estimates, buyer to verify. Everything in the unit is included.

20. 2021-12-20
    status Pending 1061-char remark

    Show marketing remark (1061 chars)

    This upstairs 2 bedroom and 2 full bathroom home is turnkey, just bring your groceries and golf clubs! Enjoy morning coffee on your enclosed balcony while watching the birds begin their day. And you can open the vinyl windows for a great breeze through the screen while you relax with a golf course view. Derby Downs is a 55 plus community tucked away, surrounded by the Silver Springs Shores golf course, yet less than 3 miles from shopping, restaurants, doctors and more. Inside laundry with washer and dryer included, AC new in November 2021, roof new in 2019. Large linen closet for storage. HOA fees include roof, exterior building repair and painting, lawn maintenance/landscaping, irrigation, pest control, insurance. One assigned parking space per unit. One pet under 25 pounds can be kept in a unit. Owner has access to Silver Springs Shores Community Center with pools, tennis, basketball, billiards, exercise room, movies, library and activities, less than 1 mile away. Measurements are estimates, buyer to verify. Everything in the unit is included.

21. 2021-12-14
    listed $100,000 Active 1061-char remark

    Show marketing remark (1061 chars)

    This upstairs 2 bedroom and 2 full bathroom home is turnkey, just bring your groceries and golf clubs! Enjoy morning coffee on your enclosed balcony while watching the birds begin their day. And you can open the vinyl windows for a great breeze through the screen while you relax with a golf course view. Derby Downs is a 55 plus community tucked away, surrounded by the Silver Springs Shores golf course, yet less than 3 miles from shopping, restaurants, doctors and more. Inside laundry with washer and dryer included, AC new in November 2021, roof new in 2019. Large linen closet for storage. HOA fees include roof, exterior building repair and painting, lawn maintenance/landscaping, irrigation, pest control, insurance. One assigned parking space per unit. One pet under 25 pounds can be kept in a unit. Owner has access to Silver Springs Shores Community Center with pools, tennis, basketball, billiards, exercise room, movies, library and activities, less than 1 mile away. Measurements are estimates, buyer to verify. Everything in the unit is included.

22. 2017-06-30
    soldstatus $47,000
23. 2017-06-28
    soldstatus $47,000
24. 2017-04-26
    listed $49,900
25. 1998-11-17
    soldstatus $40,000
26. 1987-11-01
    soldstatus $62,800

ⓘ 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: $2,611 · $218/mo
• Projected year-2 tax: $2,611 · $218/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 · 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: $16,365
• − Mortgage interest: −$6,666
• − Property taxes: −$2,611
• − Insurance: −$595
• − Repairs & maintenance: −$1,309
• − Management: −$1,309
• − HOA: −$4,044
• − Depreciation: −$3,462
• Taxable loss: −$3,631
• Est. tax savings @ 24.0%: +$871
• After-tax cash flow: $-939/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

+89.5% since first listed

10 events — show timeline

• 2026-04-16 Price Changed $119,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-14 Listed $122,500 Stellar MLS as Distributed by MLS Grid
• 2022-01-10 Sold (MLS) $100,000 Stellar MLS as Distributed by MLS Grid
• 2021-12-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-12-14 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2017-06-30 Sold (Public Records) $47,000 Public Records
• 2017-06-28 Sold (MLS) $47,000 Stellar MLS as Distributed by MLS Grid
• 2017-04-26 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 1998-11-17 Sold (Public Records) $40,000 Public Records
• 1987-11-01 Sold (Public Records) $62,800 Public Records

Property tax history

+13.0%/yr

Latest (2025): $2,611 · +13.6% YoY. Source: county tax records.