517 Bahia Circle Run · Silver Springs Shores, FL 34472

$244,000

3 bd · 2.0 ba · 1,680 sqft · SingleFamily public records · 54 Days on market

Built 2006 0.29 ac lot $145/sqft · at area comps Est $248k · at est.

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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 +8.1/15.0
• Appreciation +8.0/10.0
• Cash flow +7.6/30.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0
• DSCR +1.7/10.0

Listing remarks

One or more photo(s) has been virtually staged. Welcome to this charming and move-in ready 3-bedroom, 2-bath home in the heart of Ocala—offering the perfect blend of comfort, convenience, and value with NO HOA and NO CDD fees! Step inside to discover a bright and functional layout designed for easy living. The spacious kitchen features abundant cabinetry and generous counter space, making meal prep and entertaining a breeze. Enjoy year-round relaxation in the inviting sunroom, a versatile space perfect for morning coffee, a home office, or a cozy retreat overlooking your backyard. Additional highlights include a two-car garage, ample storage, and a layout that suits a variety o

Key facts

• Bright layout
• Inviting sunroom
• Spacious kitchen

Tags

• BRIGHT LAYOUT
• SPACIOUS KITCHEN
• ABUNDANT CABINETRY
• GENEROUS COUNTER SPACE
• INVITING SUNROOM
• AMPLE STORAGE

Property features AI

Finance

• Other: Property zoned R1; Lot approximately 0.29 acres (about 1/4 to less than 1/2 acre)
• HOA & community: No association (no HOA); Pets allowed

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single family residence; One story; Faces northwest; Residential property
• Construction: Vinyl siding; Shingle roof; Slab foundation; Built with approximately 2,512 total building area (public records)
• Exterior features: Other exterior features; Paved road access

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $244k.

Deal economics

• At list price, monthly cash flow is $-291 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (21.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (28.9% below list).
• Recommended offer: $173k (28.9% below list) — sets the bar for 1% rule.

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, schools 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 flat; 682 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 32% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $16k of equity ($2k loan paydown + $14k 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 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y 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.

Risks & watch-outs

• Climate carrying-cost: 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 $173,477 (28.9% 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 54 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.71% ✗
• Cap rate: 4.86%
• Cash-on-cash: -5.11%
• DSCR: 0.77
• GRM: 11.7

CMA / ARV

• ARV (median comp): $247,572
• List price: $244,000
• Delta: -1.44%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
545 Silver Course Radl	0.25mi	4/2.0 (+1)	1,715 (+2%)	8mo	$314,900	$184	74
565 Silver Course Radl	0.43mi	4/2.0 (+1)	1,715 (+2%)	6mo	$309,900	$181	66
3 Diamond Cove Ct	0.59mi	4/2.0 (+1)	1,825 (+9%)	1mo	$200,000	$110	52
7191 Hemlock Loop	0.68mi	3/2.0	1,636 (-3%)	15mo	$265,000	$162	52
38 Spring Trce	0.52mi	4/2.0 (+1)	1,765 (+5%)	17mo	$310,000	$176	48
50 Pine Run	0.74mi	3/2.0	1,628 (-3%)	17mo	$220,000	$135	46

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: 10.1%
• Equity multiple: 1.68×
• Total profit: $46,165
• Equity at exit: $152,350

10-year hold

• IRR: 10.6%
• Equity multiple: 3.08×
• Total profit: $141,884
• Equity at exit: $275,386

Cash invested: $68,320 (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: 682
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,735 high
• Mortgage (P&I): −$1,280
• Tax from tax record: −$280 /mo · $3,359/yr
• Insurance: −$102
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $-291

Break-even live

Break-even rent $2,103

Max offer price $192,649

Occupancy floor —

Sensitivity live

Price	-10% $-153	-5% $-222	+0% $-291	+5% $-360	+10% $-429
Rent	-10% $-428	-5% $-359	+0% $-291	+5% $-222	+10% $-154
Rate	-1.0pp $-168	-0.5pp $-229	base $-291	+0.5pp $-354	+1.0pp $-418

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: $61,000
• Closing costs: $7,320
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	22d	1	0.49mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	22d	1	0.63mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	22d	1	0.64mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	14d	1	0.67mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	22d	1	0.70mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	22d	1	0.73mi
708 Bahia Cir Ocala, FL	3.0	2.0	1352	$1,500	$1.11	22d	1	0.74mi
619 Silver Pass Ocala, FL	3.0	2.0	1510	$1,495	$0.99	22d	1	0.74mi
13 Pine Radial Dr Ocala, FL	3.0	2.0	1453	$1,795	$1.24	22d	1	0.77mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	22d	1	0.77mi
9337 Bahia Rd Ocala, FL	3.0	2.0	1402	$1,765	$1.26	14d	1	0.80mi
446 Water Rd Ocala, FL	3.0	2.0	1248	$1,425	$1.14	22d	1	0.82mi
478 Water Pl Ocala, FL	3.0	2.0	1228	$1,650	$1.34	22d	1	0.84mi
455 Water Rd Ocala, FL	3.0	2.0	1275	$1,450	$1.14	14d	1	0.85mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	22d	1	0.96mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	14d	1	0.97mi
7 Pine Run Ter Ocala, FL	3.0	2.0	1432	$1,500	$1.05	14d	1	1.06mi
9610 Bahia Rd Ocala, FL	4.0	2.0	1617	$1,895	$1.17	22d	1	1.08mi
9649 Bahia Rd Ocala, FL	3.0	2.0	1282	$1,595	$1.24	22d	1	1.15mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	22d	1	1.17mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	14d	1	1.28mi
60 Bahia Court Trak Ocala, FL	3.0	2.0	1413	$1,695	$1.20	22d	1	1.32mi
43 Water Track Loop Ocala, FL	3.0	2.0	1287	$1,799	$1.40	14d	1	1.35mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	14d	1	1.36mi
57 Pine Cir Ocala, FL	3.0	2.0	1270	$1,897	$1.49	14d	1	1.39mi
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	14d	1	1.46mi

Listing history 21 events

1. 2026-06-21
   days on market $244,000 Active 54 DOM
2. 2026-06-18
   days on market $244,000 Active 51 DOM
3. 2026-06-17
   days on market $244,000 Active 50 DOM
4. 2026-06-16
   days on market $244,000 Active 49 DOM
5. 2026-06-15
   days on market $244,000 Active 48 DOM
6. 2026-06-14
   days on market $244,000 Active 46 DOM
7. 2026-06-13
   pricedays on market $244,000 Active 45 DOM
8. 2026-06-10
   days on market $249,000 Active 43 DOM
9. 2026-06-09
   days on market $249,000 Active 42 DOM
10. 2026-06-08
    days on market $249,000 Active 41 DOM
11. 2026-06-07
    days on market $249,000 Active 40 DOM
12. 2026-06-03
    days on market $249,000 Active 36 DOM
13. 2026-06-02
    days on market $249,000 Active 35 DOM
14. 2026-06-01
    days on market $249,000 Active 34 DOM
15. 2026-05-31
    days on market $249,000 Active 33 DOM
16. 2026-05-30
    days on market $249,000 Active 32 DOM
17. 2026-05-14
    price $249,000 980-char remark
18. 2026-04-28
    listed $254,000 Active 980-char remark
19. 2026-04-20
    soldstatus $223,000
20. 2006-01-02
    listed $178,900
21. 2005-09-02
    soldstatus $34,900

ⓘ 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: $3,359 · $280/mo
• Projected year-2 tax: $3,359 · $280/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 · 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,817
• − Mortgage interest: −$13,668
• − Property taxes: −$3,359
• − Insurance: −$1,220
• − Repairs & maintenance: −$1,665
• − Management: −$1,665
• − Depreciation: −$7,098
• Taxable loss: −$7,859
• Est. tax savings @ 24.0%: +$1,886
• After-tax cash flow: $-1,602/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

+599.1% since first listed

6 events — show timeline

• 2026-06-11 Price Changed $244,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-14 Price Changed $249,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Listed $254,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Sold (Public Records) $223,000 Public Records
• 2006-01-02 Listed $178,900 Stellar MLS as Distributed by MLS Grid
• 2005-09-02 Sold (Public Records) $34,900 Public Records

Property tax history

+6.0%/yr

Latest (2025): $3,359 · +0.8% YoY. Source: county tax records.