18385 SE 18th Street Rd · Silver Springs Shores East, FL 34488

$61,000

2 bd · 1.0 ba · 744 sqft · Manufactured public records · 1 Days on market

Built 1972 0.31 ac lot Est $62k · at est.

---

Why this score? — see what drove the B- 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.0/15.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

POND VIEW 2/1 Single wide on . 31 of an acre! Must see investment home that is already move in ready! Step into view of a 12x18 screened in porch that overlooks the pond (which is dry at the moment. ) Home has 2024 updated vinyl flooring throughout the home. Huge master bedroom as well as a second guest room. Bathroom includes 2024 double vanity and cosmetic finishing as well as a walk in shower. Home also includes updated washer & dryer, updated glass top range, refrigerator, microwave, metal roof, and a privacy fence on one side of home. All of this for just $61,000! Don't wait and come see this today! It wont last! Home is located in the Ocala National Forest which affords you almo

Key facts

• Double vanity
• Pond view
• Screened in porch

Tags

• POND VIEW
• SCREENED IN PORCH
• UPDATED VINYL FLOORING
• DOUBLE VANITY
• WALK IN SHOWER
• UPDATED WASHER

Property features AI

Finance

• Other: Property type: Residential mobile home; Lot approximately 0.31 acre (about 58 x 110); Roads are asphalt/paved; Zoning: R4; Partially furnished; Living area reported as 744 sq ft; building area 1,268 sq ft; Foundation details: crawlspace; Universal property ID on file
• HOA & community: No association; Pets allowed

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Septic tank; Electricity connected; Cable available; Sewer connected; Water connected
• Home design: Single-wide mobile home; One-story; South-facing
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built for fixer condition
• Exterior features: Storage shed(s); Pond frontage (20 feet) with water access and water view; Cleared, sloped lot in county

Interior

• Kitchen: Range; Microwave; Refrigerator; Dishwasher not listed
• Bedrooms: 2 bedrooms
• Flooring: Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Ductless heating; Wall/Window air conditioning units
• Interior features: Window treatments; Florida room
• Laundry & utility: Washer; Dryer; Laundry located inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $61k.

Deal economics

• At list price, monthly cash flow is $496 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $61k).
• Cap rate 16.0% vs local median 5.2% in Silver Springs Shores East — 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: area grade B — 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: East Marion Elementary School (math 29% / reading 37%, grade F, #1,773 of 2,144 statewide, top 83%, 620 students, 79% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 201 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $422 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major 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 $61,000

Questions for the listing agent

1. Built in 1972 — 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. 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.
4. 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.
5. 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: 1.93% ✓
• Cap rate: 16.04%
• Cash-on-cash: 34.82%
• DSCR: 2.55
• GRM: 4.3

CMA / ARV

• ARV (on-the-fly): $61,752
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1800 SE 185th Ct	0.09mi	2/1.0	720 (-3%)	4mo	$59,250	$82	88
19049 SE 16th Pl	0.64mi	2/2.0	737 (-1%)	8mo	$90,000	$122	58
18640 SE 22nd Ln	0.42mi	2/2.0	840 (+13%)	3mo	$70,000	$83	53

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 30.3%
• Equity multiple: 2.27×
• Total profit: $21,705
• Equity at exit: $9,095

10-year hold

• IRR: 37.6%
• Equity multiple: 4.49×
• Total profit: $59,647
• Equity at exit: $5,274

Cash invested: $17,080 (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 34488

• Home prices YoY: -26.1%
• Active inventory: 201
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $1,177 medium
• Mortgage (P&I): −$320
• Tax from tax record: −$89 /mo · $1,065/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $496

Break-even live

Break-even rent $549

Max offer price $61,000

Occupancy floor 53%

Sensitivity live

Price	-10% $530	-5% $513	+0% $496	+5% $478	+10% $461
Rent	-10% $403	-5% $449	+0% $496	+5% $542	+10% $589
Rate	-1.0pp $526	-0.5pp $511	base $496	+0.5pp $480	+1.0pp $464

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: $15,250
• Closing costs: $1,830
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-06-17
   remarks 695-char remark
2. 2026-06-17
   listed $61,000 Active 1 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: $1,065 · $89/mo
• Projected year-2 tax: $1,065 · $89/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 7/10 Severe
• 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,121
• − Mortgage interest: −$3,417
• − Property taxes: −$1,065
• − Insurance: −$305
• − Repairs & maintenance: −$1,130
• − Management: −$1,130
• − Depreciation: −$1,775
• Taxable income: $5,300
• Est. tax owed @ 24.0%: −$1,272
• After-tax cash flow: $4,675/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

• Population (ZIP): 11,525

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Serbian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 2%

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: ▼ -80.45%
• Current HPI: 227.3763
• Rent YoY: —
• Metro: —
• 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

+408.3% since first listed

6 events — show timeline

• 2026-06-17 Listed $61,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-01 Sold (Public Records) $61,000 Public Records
• 2021-06-29 Sold (Public Records) $53,000 Public Records
• 2011-04-22 Sold (Public Records) $23,000 Public Records
• 1993-07-01 Sold (Public Records) $20,000 Public Records
• 1982-01-01 Sold (Public Records) $12,000 Public Records

Property tax history

+8.3%/yr

Latest (2025): $1,065 · +23.3% YoY. Source: county tax records.