67 Larch Crse · Belleview, FL 34480

$200,000

3 bd · 2.0 ba · 1,595 sqft · SingleFamily public records · 142 Days on market

Built 1998 0.28 ac lot $125/sqft · 19% below area Est $246k · 19% under

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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 +15.0/15.0
• Cash flow +13.7/30.0
• DSCR +4.2/10.0
• 1% rule +4.1/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home is a great opportunity for buyers or investors looking to add value. The home features a new roof installed in 2024 and is being sold as-is, with cosmetic updates needed. Enjoy a convenient location near shops, pharmacies, trails, big box stores, restaurants, and everyday essentials. A perfect chance to customize a home in a well-established area!

Key facts

• Near big box stores
• Near pharmacies
• Convenient location

Tags

• NEW ROOF
• CONVENIENT LOCATION
• NEAR SHOPS
• NEAR PHARMACIES
• NEAR TRAILS
• NEAR BIG BOX STORES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $16 ($192/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (9.0% below list).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.4% vs local median 4.5% in Belleview — 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 69/100 on livability (#458 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, crime F, 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.
• Market conditions: Rents rising (+2.8%/yr); 344 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $1k of loan paydown is wiped out by about $6k 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 142 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.91% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.34%
• DSCR: 1.02
• GRM: 9.2

CMA / ARV

• ARV (median comp): $245,586
• List price: $200,000
• Delta: -18.56%
• 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
5434 SE 91st St	0.38mi	3/2.0	1,670 (+5%)	4mo	$305,000	$183	71
4955 SE 89th Place Rd	0.37mi	3/2.0	1,537 (-4%)	11mo	$288,000	$187	68
14 Juniper Track Dr	0.40mi	3/2.0	1,508 (-6%)	7mo	$218,000	$145	67
18 Larch Radl	0.24mi	3/2.0	1,451 (-9%)	12mo	$272,000	$187	64
5349 SE 91st Pl	0.41mi	3/2.0	1,545 (-3%)	17mo	$290,000	$188	61
8821 Juniper Rd	0.32mi	3/2.0	1,378 (-14%)	7mo	$238,000	$173	57
9053 SE 49th Ave	0.44mi	4/2.0 (+1)	1,715 (+8%)	15mo	$328,500	$192	50
91 Juniper Trl	0.57mi	4/2.5 (+1)	1,732 (+9%)	4mo	$304,900	$176	49
15 Juniper Trail Ln SE	0.63mi	3/2.0	1,532 (-4%)	19mo	$302,000	$197	48
12 Juniper Pass Dr	0.49mi	3/2.0	1,463 (-8%)	20mo	$230,000	$157	47
4729 SE 89th St	0.58mi	3/2.0	1,710 (+7%)	18mo	$306,825	$179	46
8977 SE 45th Ter	0.72mi	4/2.0 (+1)	1,819 (+14%)	20mo	$342,215	$188	21

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 · 2.84% rent growth · sell at horizon

5-year hold

• IRR: -15.9%
• Equity multiple: 0.44×
• Total profit: $-31,630
• Equity at exit: $29,821

10-year hold

• IRR: -7.8%
• Equity multiple: 0.51×
• Total profit: $-27,216
• Equity at exit: $17,292

Cash invested: $56,000 (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 34480

• Home prices YoY: -28.7%
• Rents YoY: 2.8%
• Active inventory: 344
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,820 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$290 /mo · $3,477/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $16

Break-even live

Break-even rent $1,800

Max offer price $200,000

Occupancy floor 94%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18 Juniper Trl Ocala, FL	3.0	2.0	1270	$1,750	$1.38	13d	1	0.18mi
338 Larch Rd Ocala, FL	3.0	2.0	1394	$1,595	$1.14	21d	1	0.33mi
10 Juniper Trl Ocala, FL	4.0	2.0	1617	$1,875	$1.16	13d	1	0.35mi
5494 SE 91st St Ocala, FL	4.0	2.0	1858	$2,200	$1.18	13d	1	0.37mi
7 Juniper Pass Way Ocala, FL	3.0	2.0	1453	$1,750	$1.20	21d	1	0.41mi
15 Juniper Pass Ln Ocala, FL	4.0	2.0	1608	$1,900	$1.18	13d	1	0.41mi
50 Walnut Run Ocala, FL	3.0	2.0	1287	$1,795	$1.39	13d	1	0.84mi
28 Juniper Dr Ocala, FL	3.0	2.0	1453	$1,650	$1.14	21d	1	0.90mi
28 Poplar Run Ocala, FL	3.0	2.0	1473	$1,650	$1.12	13d	1	0.92mi
123 Juniper Loop Ocala, FL	3.0	2.0	1445	$1,695	$1.17	21d	1	0.99mi

Listing history 17 events

1. 2026-06-18
   days on market $200,000 Active 142 DOM
2. 2026-06-17
   days on market $200,000 Active 141 DOM
3. 2026-06-16
   days on market $200,000 Active 140 DOM
4. 2026-06-15
   days on market $200,000 Active 139 DOM
5. 2026-06-14
   days on market $200,000 Active 137 DOM
6. 2026-06-13
   days on market $200,000 Active 136 DOM
7. 2026-06-10
   days on market $200,000 Active 134 DOM
8. 2026-06-09
   days on market $200,000 Active 133 DOM
9. 2026-06-08
   days on market $200,000 Active 132 DOM
10. 2026-06-07
    days on market $200,000 Active 131 DOM
11. 2026-06-03
    days on market $200,000 Active 127 DOM
12. 2026-06-02
    days on market $200,000 Active 126 DOM
13. 2026-05-31
    days on market $200,000 Active 124 DOM
14. 2026-05-30
    days on market $200,000 Active 123 DOM
15. 2026-05-06
    status Active 359-char remark

    Show marketing remark (359 chars)

    This home is a great opportunity for buyers or investors looking to add value. The home features a new roof installed in 2024 and is being sold as-is, with cosmetic updates needed. Enjoy a convenient location near shops, pharmacies, trails, big box stores, restaurants, and everyday essentials. A perfect chance to customize a home in a well-established area!

16. 2026-05-01
    status Pending 359-char remark

    Show marketing remark (359 chars)

    This home is a great opportunity for buyers or investors looking to add value. The home features a new roof installed in 2024 and is being sold as-is, with cosmetic updates needed. Enjoy a convenient location near shops, pharmacies, trails, big box stores, restaurants, and everyday essentials. A perfect chance to customize a home in a well-established area!

17. 2026-01-22
    listed $220,000 Active 359-char remark

    Show marketing remark (359 chars)

    This home is a great opportunity for buyers or investors looking to add value. The home features a new roof installed in 2024 and is being sold as-is, with cosmetic updates needed. Enjoy a convenient location near shops, pharmacies, trails, big box stores, restaurants, and everyday essentials. A perfect chance to customize a home in a well-established area!

ⓘ 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: $3,477 · $290/mo
• Projected year-2 tax: $3,477 · $290/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 · 19 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: $21,841
• − Mortgage interest: −$11,203
• − Property taxes: −$3,477
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,747
• − Management: −$1,747
• − Depreciation: −$5,818
• Taxable loss: −$3,151
• Est. tax savings @ 24.0%: +$756
• After-tax cash flow: $948/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 — Belleview

• Score: 69/100
• State rank: #458
• US rank: #8314

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 19,167
• Metro: Ocala, FL
• Population (ZIP): 23,517
• Household income: $77,557
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 169.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 15% Two or more races 11% Black 6% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 5% Cuban 2% Dominican 2%
• Common ancestry: Italian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 6% · Canada
• Languages at home: 89% English-only · Spanish 9% Other Asian/Pacific 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: ▼ -85.60%
• Current HPI: 212.4262
• Rent YoY: ▲ 2.84%
• 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 events — show timeline

• 2026-05-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-22 Listed $220,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.2%/yr

Latest (2025): $3,477 · +13.2% YoY. Source: county tax records.