1741 NW 42nd Pl · Ocala, FL 34475

$169,000

3 bd · 2.0 ba · 1,232 sqft · SingleFamily public records · 50 Days on market

Built 1972 0.46 ac lot $137/sqft · 9% below area Est $186k · 9% under

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Why this score? — see what drove the C- 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 +19.1/30.0
• ARV discount +11.6/15.0
• DSCR +6.0/10.0
• 1% rule +4.1/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Under contract-accepting backup offers. The concrete block home is minutes to downtown Ocala. It is a diamond in the rough with all of the major systems replaced recently including a new roof in late 2024, New HVAC late 2024, recent septic pump out and new water softener. Make the interior the way you want it!

Key facts

• New water softener
• New hvac
• New roof

Tags

• NEW ROOF
• NEW HVAC
• RECENT SEPTIC PUMP OUT
• NEW WATER SOFTENER

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/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 $154k (9.1% below list).
• Recommended offer: $154k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.2% in Ocala — 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 (#476 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute 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: 200 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• At $1,537/mo this rent would consume 61% of the median local household income ($30k/yr) (locally 923% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 50 days — a 3% lower offer ($164k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $153,659 (9.1% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 7.56%
• Cash-on-cash: 4.54%
• DSCR: 1.20
• GRM: 9.2

CMA / ARV

• ARV (median comp): $185,765
• List price: $169,000
• Delta: -9.02%
• Verdict: FAIR
• Comps: 10 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -9.3%
• Equity multiple: 0.66×
• Total profit: $-16,035
• Equity at exit: $25,198

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $489
• Equity at exit: $14,612

Cash invested: $47,320 (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 34475

• Home prices YoY: -8.0%
• Active inventory: 200
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,537 high
• Mortgage (P&I): −$886
• Tax from tax record: −$78 /mo · $937/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $179

Break-even live

Break-even rent $1,310

Max offer price $169,000

Occupancy floor 83%

Sensitivity live

Price	-10% $275	-5% $227	+0% $179	+5% $131	+10% $83
Rent	-10% $58	-5% $118	+0% $179	+5% $240	+10% $301
Rate	-1.0pp $264	-0.5pp $222	base $179	+0.5pp $135	+1.0pp $91

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4051 NW 19th Ave Ocala, FL	4.0	2.0	1216	$1,800	$1.48	22d	1	0.19mi
3903 NW Gainesville Rd Unit 3915 Ocala, FL	3.0	2.0	1258	$1,250	$0.99	15d	1	0.23mi
1971 NW 43rd St Ocala, FL	2.0–3.0	1.0–2.0	965	$1,499	$1.55	15d	3	0.23mi
1011 NW 42nd Ln Ocala, FL	2.0	1.0	874	$950	$1.09	22d	1	0.46mi
4451 NW 2nd Ave Ocala, FL	3.0	2.0	1359	$1,649	$1.21	22d	1	0.96mi

Listing history 5 events

1. 2026-05-16
   status Pending 311-char remark

   Show marketing remark (311 chars)

   Under contract-accepting backup offers. The concrete block home is minutes to downtown Ocala. It is a diamond in the rough with all of the major systems replaced recently including a new roof in late 2024, New HVAC late 2024, recent septic pump out and new water softener. Make the interior the way you want it!

2. 2026-05-12
   price $169,000 311-char remark

   Show marketing remark (311 chars)

   Under contract-accepting backup offers. The concrete block home is minutes to downtown Ocala. It is a diamond in the rough with all of the major systems replaced recently including a new roof in late 2024, New HVAC late 2024, recent septic pump out and new water softener. Make the interior the way you want it!

3. 2026-03-31
   price $199,000 311-char remark

   Show marketing remark (311 chars)

   Under contract-accepting backup offers. The concrete block home is minutes to downtown Ocala. It is a diamond in the rough with all of the major systems replaced recently including a new roof in late 2024, New HVAC late 2024, recent septic pump out and new water softener. Make the interior the way you want it!

4. 2026-03-27
   listed $225,000 Active 311-char remark

   Show marketing remark (311 chars)

   Under contract-accepting backup offers. The concrete block home is minutes to downtown Ocala. It is a diamond in the rough with all of the major systems replaced recently including a new roof in late 2024, New HVAC late 2024, recent septic pump out and new water softener. Make the interior the way you want it!

5. 2006-04-04
   soldstatus $149,900

ⓘ 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: $937 · $78/mo
• Projected year-2 tax: $1,403 · $117/mo
• Expected delta: +$465/yr (+$39/mo · 49.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,439
• − Mortgage interest: −$9,467
• − Property taxes: −$937
• − Insurance: −$845
• − Repairs & maintenance: −$1,475
• − Management: −$1,475
• − Depreciation: −$4,916
• Taxable loss: −$676
• Est. tax savings @ 24.0%: +$162
• After-tax cash flow: $2,312/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 — Ocala

• Score: 69/100
• State rank: #476
• US rank: #8461

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 14,301
• Household income: $30,174
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 923.0

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 0.68)
• Race & ethnicity: Black 44% White 30% Hispanic / Latino 19% Two or more races 11%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 3%
• Common ancestry: Serbian 2% Hispanic 1% Lithuanian 1%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 13% French/Haitian/Cajun 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: ▼ -22.26%
• Current HPI: 254.6319
• Rent YoY: —
• 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

+12.7% since first listed

5 events — show timeline

• 2026-05-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-12 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 2006-04-04 Sold (Public Records) $149,900 Public Records

Property tax history

+2.8%/yr

Latest (2025): $937 · +30.4% YoY. Source: county tax records.