2 Redwood Track Run · Silver Springs Shores, FL 34472

$215,000

3 bd · 2.0 ba · 1,475 sqft · SingleFamily public records · 159 Days on market

Built 2005 10,019 sqft lot Est $270k · 20% 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).

• ARV discount +15.0/15.0
• Cash flow +14.1/30.0
• Appreciation +8.0/10.0
• DSCR +4.3/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Under contract-accepting backup offers. If you’ve been looking for a home you can make your own, this is it. This 3-bedroom, 2-bath property offers an open layout, split bedrooms, and a generous yard ready for your personal touch. The home needs some TLC, but the potential is clear — a little effort could turn it into something special. New Roof in 12/24 and new AC 2019 Located in a quiet, established neighborhood close to shopping, parks, and schools. Ideal for buyers who want to add their own style and build equity at the same time.

Key facts

• Generous yard
• Open layout
• Split bedrooms

Tags

• OPEN LAYOUT
• SPLIT BEDROOMS
• GENEROUS YARD
• NEW ROOF
• NEW AC
• QUIET ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $31 ($367/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 $179k (16.7% below list).
• Recommended offer: $179k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.7% in Silver Springs Shores — 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 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; 12 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).
• This rent runs 33% 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 $14k of equity ($1k loan paydown + $13k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.9% appreciation + 0.2% rent growth), your $60k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, 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 159 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y 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 $134k; list at $215k implies a 60% gain — meaningful room to come down on a strong offer.

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 $179,031 (16.7% below list)

Questions for the listing agent

1. It's been on market 159 days. Have you received any prior offers? Is the seller open to a 17% 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 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. 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: 0.83% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.61%
• DSCR: 1.03
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $269,925
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10 Redwood Track Radl	0.31mi	3/2.0	1,453 (-2%)	21mo	$299,900	$206	66
15 Redwood Track Trce	0.34mi	3/2.0	1,453 (-2%)	22mo	$280,000	$193	63
35 Pecan Run Hbr	0.36mi	4/2.0 (+1)	1,473 (-0%)	22mo	$285,000	$193	59
16 Pecan Run Crse	0.64mi	3/2.0	1,441 (-2%)	10mo	$263,000	$183	58
44 Pecan Run Dr	0.45mi	4/2.0 (+1)	1,427 (-3%)	13mo	$240,000	$168	58
7 Teak Ct	0.52mi	3/2.0	1,530 (+4%)	19mo	$215,000	$141	54
95 Redwood Rd	0.63mi	3/2.0	1,399 (-5%)	16mo	$250,000	$179	49

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: 14.6%
• Equity multiple: 1.97×
• Total profit: $58,170
• Equity at exit: $134,242

10-year hold

• IRR: 14.0%
• Equity multiple: 3.67×
• Total profit: $160,773
• Equity at exit: $242,656

Cash invested: $60,200 (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: 10.0×

Monthly cashflow live

• Estimated rent: $1,790 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$167 /mo · $2,000/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$376
• Net cashflow: $31

Break-even live

Break-even rent $1,752

Max offer price $215,000

Occupancy floor 93%

Sensitivity live

Price	-10% $152	-5% $91	+0% $31	+5% $-30	+10% $-91
Rent	-10% $-111	-5% $-40	+0% $31	+5% $101	+10% $172
Rate	-1.0pp $139	-0.5pp $85	base $31	+0.5pp $-25	+1.0pp $-82

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Teak Way Dr Ocala, FL	3.0	2.0	1352	$1,800	$1.33	15d	1	0.35mi
36 Pecan Run Crse Ocala, FL	3.0	2.0	1188	$1,850	$1.56	15d	1	0.57mi
96 Redwood Rd Ocala, FL	3.0	2.0	1188	$1,650	$1.39	15d	1	0.62mi
6688 Cherry Rd Ocala, FL	3.0	2.0	1270	$1,950	$1.54	15d	1	0.65mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	15d	1	0.70mi
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	22d	1	0.74mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	22d	1	0.90mi
1503 Peachtree Ln Ocala, FL	2.0	2.0	1152	$1,450	$1.26	22d	1	0.91mi
62 Teak Loop Ocala, FL	3.0	1.0	1018	$1,450	$1.42	15d	1	0.95mi
9 Banyan Course Run Ocala, FL	3.0	2.0	1345	$1,599	$1.19	22d	1	1.06mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	22d	1	1.22mi
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	22d	1	1.23mi

Listing history 13 events

1. 2026-04-01
   status Pending
2. 2025-10-24
   listed $215,000 Active
3. 2019-04-16
   soldstatus $134,000
4. 2017-11-27
   historical
5. 2017-10-16
   listed $134,900
6. 2014-09-30
   historical
7. 2014-06-16
   listed $114,900
8. 2007-12-13
   historical
9. 2007-06-18
   listed $159,900
10. 2005-06-06
    historical
11. 2005-05-20
    soldstatus $143,000
12. 2005-03-11
    soldstatus $116,900
13. 2005-03-06
    listed $145,000

ⓘ 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: $2,000 · $167/mo
• Projected year-2 tax: $2,000 · $167/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 3/10 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,484
• − Mortgage interest: −$12,043
• − Property taxes: −$2,000
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,719
• − Management: −$1,719
• − Depreciation: −$6,255
• Taxable loss: −$3,327
• Est. tax savings @ 24.0%: +$798
• After-tax cash flow: $1,165/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

+48.3% since first listed

13 events — show timeline

• 2026-04-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-24 Listed $215,000 Stellar MLS as Distributed by MLS Grid
• 2019-04-16 Sold (Public Records) $134,000 Public Records
• 2017-11-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-10-16 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2014-09-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-06-16 Listed $114,900 Stellar MLS as Distributed by MLS Grid
• 2007-12-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-06-18 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2005-06-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-05-20 Sold (Public Records) $143,000 Public Records
• 2005-03-11 Sold (Public Records) $116,900 Public Records
• 2005-03-06 Listed $145,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+2.1%/yr

Latest (2025): $2,000 · +14.0% YoY. Source: county tax records.