8779 SE 89th Pl · Silver Springs Shores, FL 34472

$149,000

2 bd · 1.0 ba · 900 sqft · SingleFamily public records · 69 Days on market

Built 1983 7,841 sqft lot $166/sqft · 16% below area Est $177k · 16% 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 +15.7/30.0
• ARV discount +14.6/15.0
• Appreciation +8.0/10.0
• DSCR +4.8/10.0
• 1% rule +4.4/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Opportunity is knocking in Ocala, and for the investor who knows a smart move when they see one, 8779 SE 89th Place deserves a serious look. This single-family residence offers the kind of built-in advantage that can be hard to find in today’s market: it is already leased with long-standing tenants in place, creating an appealing path toward immediate income and consistent profitability. For investors looking to skip the uncertainty that often comes with vacancy, marketing, tenant placement, and the usual startup costs of turning a property into a performing asset, this home brings a major head start. The lease structure already in place gives this opportunity real-world value from day one. Instead of buying potential and then waiting for results, this is a chance to step into a property with an established rental foundation already working in your favor. That is what makes this home such a standout find. Long-standing tenants can often signal stability, reliability, and an ongoing pattern of occupancy that investors love to see. In a world where predictable returns matter, a property with consistent rental performance can be the kind of asset that strengthens a portfolio and supports long-term wealth-building goals. Located in Ocala, an area that continues to attract attention for its growth, affordability, and steady housing demand, this property is positioned in a market that remains appealing to both homeowners and investors alike. Whether the goal is to expand an existing portfolio, secure a turnkey rental opportunity, or make a strategic acquisition in a growing Florida market, this home checks an important box: income-producing appeal with less guesswork. Single-family rental properties continue to hold strong appeal because they often attract long-term residents and can offer a more stable ownership experience than other investment types. When that opportunity is paired with an already leased home and long-standing tenants, it becomes even more attractive for buyers focused on performance, efficiency, and dependable value. 8779 SE 89th Place is more than just another listing. It is a practical and potentially profitable opportunity for the investor who understands the power of buying smart. This is the kind of property that can make sense on paper and feel right in practice. Stable, established, and already moving in the right direction, it offers the kind of momentum that is difficult to create overnight. In today’s market, finding a property that offers both simplicity and income potential is a win. This home gives investors the chance to take over an asset with an existing rental dynamic already in motion, which means less downtime and more focus on the bigger picture. The next owner is not just buying a house. They are stepping into an opportunity with built-in appeal and a stronger starting position. For the investor ready to make a strategic move in Ocala, 8779 SE 89th Place stands out as a compelling option. Already leased. Long-standing tenants. Consistent profitability potential. That combination has a way of getting attention for all the right reasons. Smart investors know the best opportunities are not always the loudest ones. Sometimes they are the ones already quietly producing.

Key facts

• 7,841 sq ft lot
• Parking
• Built 1983

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $64 ($773/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 $141k (5.7% below list).
• Recommended offer: $140k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.8% 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; 674 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k 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 $42k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $30k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; list at $149k implies a 99% 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% 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: 0.94% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.85%
• DSCR: 1.08
• GRM: 8.8

CMA / ARV

• ARV (median comp): $176,783
• List price: $149,000
• Delta: -15.72%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9021 SE 79th Avenue Rd	0.16mi	2/1.0	900 (0%)	14mo	$165,000	$183	80
8856 SE 87th Ter	0.12mi	2/1.0	912 (+1%)	23mo	$149,000	$163	73
9 Oak Court Pass	0.67mi	3/2.0 (+1)	888 (-1%)	21mo	$205,000	$231	40

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: 15.5%
• Equity multiple: 2.02×
• Total profit: $42,665
• Equity at exit: $93,033

10-year hold

• IRR: 14.6%
• Equity multiple: 3.77×
• Total profit: $115,472
• Equity at exit: $168,166

Cash invested: $41,720 (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: 674
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,405 high
• Mortgage (P&I): −$781
• Tax from tax record: −$202 /mo · $2,427/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $64

Break-even live

Break-even rent $1,324

Max offer price $149,000

Occupancy floor 90%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Ash Dr Ocala, FL	3.0	2.0	1083	$1,750	$1.62	13d	1	0.59mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	13d	1	0.74mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	21d	1	0.84mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	21d	1	0.89mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	21d	1	0.93mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	21d	1	1.27mi
310 Oak Lane Pass Ocala, FL	2.0	2.0	988	$1,325	$1.34	21d	1	1.28mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	21d	1	1.39mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	21d	1	1.41mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	21d	1	1.46mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	13d	1	1.46mi

Listing history 27 events

1. 2026-06-18
   days on market $149,000 Active 69 DOM
2. 2026-06-17
   days on market $149,000 Active 68 DOM
3. 2026-06-16
   days on market $149,000 Active 67 DOM
4. 2026-06-15
   days on market $149,000 Active 66 DOM
5. 2026-06-14
   days on market $149,000 Active 64 DOM
6. 2026-06-13
   days on market $149,000 Active 63 DOM
7. 2026-06-10
   days on market $149,000 Active 61 DOM
8. 2026-06-09
   days on market $149,000 Active 60 DOM
9. 2026-06-08
   days on market $149,000 Active 59 DOM
10. 2026-06-07
    pricedays on market $149,000 Active 58 DOM
11. 2026-06-03
    days on market $159,000 Active 54 DOM
12. 2026-06-02
    days on market $159,000 Active 53 DOM
13. 2026-06-01
    days on market $159,000 Active 52 DOM
14. 2026-05-31
    days on market $159,000 Active 51 DOM
15. 2026-05-30
    days on market $159,000 Active 50 DOM
16. 2026-04-25
    price $159,000 3270-char remark

    Show marketing remark (3270 chars)

    Opportunity is knocking in Ocala, and for the investor who knows a smart move when they see one, 8779 SE 89th Place deserves a serious look. This single-family residence offers the kind of built-in advantage that can be hard to find in today’s market: it is already leased with long-standing tenants in place, creating an appealing path toward immediate income and consistent profitability. For investors looking to skip the uncertainty that often comes with vacancy, marketing, tenant placement, and the usual startup costs of turning a property into a performing asset, this home brings a major head start. The lease structure already in place gives this opportunity real-world value from day one. Instead of buying potential and then waiting for results, this is a chance to step into a property with an established rental foundation already working in your favor. That is what makes this home such a standout find. Long-standing tenants can often signal stability, reliability, and an ongoing pattern of occupancy that investors love to see. In a world where predictable returns matter, a property with consistent rental performance can be the kind of asset that strengthens a portfolio and supports long-term wealth-building goals. Located in Ocala, an area that continues to attract attention for its growth, affordability, and steady housing demand, this property is positioned in a market that remains appealing to both homeowners and investors alike. Whether the goal is to expand an existing portfolio, secure a turnkey rental opportunity, or make a strategic acquisition in a growing Florida market, this home checks an important box: income-producing appeal with less guesswork. Single-family rental properties continue to hold strong appeal because they often attract long-term residents and can offer a more stable ownership experience than other investment types. When that opportunity is paired with an already leased home and long-standing tenants, it becomes even more attractive for buyers focused on performance, efficiency, and dependable value. 8779 SE 89th Place is more than just another listing. It is a practical and potentially profitable opportunity for the investor who understands the power of buying smart. This is the kind of property that can make sense on paper and feel right in practice. Stable, established, and already moving in the right direction, it offers the kind of momentum that is difficult to create overnight. In today’s market, finding a property that offers both simplicity and income potential is a win. This home gives investors the chance to take over an asset with an existing rental dynamic already in motion, which means less downtime and more focus on the bigger picture. The next owner is not just buying a house. They are stepping into an opportunity with built-in appeal and a stronger starting position. For the investor ready to make a strategic move in Ocala, 8779 SE 89th Place stands out as a compelling option. Already leased. Long-standing tenants. Consistent profitability potential. That combination has a way of getting attention for all the right reasons. Smart investors know the best opportunities are not always the loudest ones. Sometimes they are the ones already quietly producing.

17. 2026-04-10
    listed $179,000 Active 3270-char remark

    Show marketing remark (3270 chars)

    Opportunity is knocking in Ocala, and for the investor who knows a smart move when they see one, 8779 SE 89th Place deserves a serious look. This single-family residence offers the kind of built-in advantage that can be hard to find in today’s market: it is already leased with long-standing tenants in place, creating an appealing path toward immediate income and consistent profitability. For investors looking to skip the uncertainty that often comes with vacancy, marketing, tenant placement, and the usual startup costs of turning a property into a performing asset, this home brings a major head start. The lease structure already in place gives this opportunity real-world value from day one. Instead of buying potential and then waiting for results, this is a chance to step into a property with an established rental foundation already working in your favor. That is what makes this home such a standout find. Long-standing tenants can often signal stability, reliability, and an ongoing pattern of occupancy that investors love to see. In a world where predictable returns matter, a property with consistent rental performance can be the kind of asset that strengthens a portfolio and supports long-term wealth-building goals. Located in Ocala, an area that continues to attract attention for its growth, affordability, and steady housing demand, this property is positioned in a market that remains appealing to both homeowners and investors alike. Whether the goal is to expand an existing portfolio, secure a turnkey rental opportunity, or make a strategic acquisition in a growing Florida market, this home checks an important box: income-producing appeal with less guesswork. Single-family rental properties continue to hold strong appeal because they often attract long-term residents and can offer a more stable ownership experience than other investment types. When that opportunity is paired with an already leased home and long-standing tenants, it becomes even more attractive for buyers focused on performance, efficiency, and dependable value. 8779 SE 89th Place is more than just another listing. It is a practical and potentially profitable opportunity for the investor who understands the power of buying smart. This is the kind of property that can make sense on paper and feel right in practice. Stable, established, and already moving in the right direction, it offers the kind of momentum that is difficult to create overnight. In today’s market, finding a property that offers both simplicity and income potential is a win. This home gives investors the chance to take over an asset with an existing rental dynamic already in motion, which means less downtime and more focus on the bigger picture. The next owner is not just buying a house. They are stepping into an opportunity with built-in appeal and a stronger starting position. For the investor ready to make a strategic move in Ocala, 8779 SE 89th Place stands out as a compelling option. Already leased. Long-standing tenants. Consistent profitability potential. That combination has a way of getting attention for all the right reasons. Smart investors know the best opportunities are not always the loudest ones. Sometimes they are the ones already quietly producing.

18. 2018-03-30
    historical
19. 2017-03-16
    listed $55,000
20. 2017-01-31
    historical
21. 2016-08-01
    listed $49,990
22. 2008-03-20
    soldstatus $75,000
23. 2008-03-20
    soldstatus $75,000
24. 2007-11-06
    listed $87,300
25. 2004-08-18
    soldstatus $61,500
26. 1998-08-25
    soldstatus $43,225
27. 1983-07-01
    soldstatus $56,200

ⓘ 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: $2,427 · $202/mo
• Projected year-2 tax: $2,427 · $202/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 5/10 Major
• 🌡 Heat 9/10 Extreme 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: $16,862
• − Mortgage interest: −$8,346
• − Property taxes: −$2,427
• − Insurance: −$745
• − Repairs & maintenance: −$1,349
• − Management: −$1,349
• − Depreciation: −$4,335
• Taxable loss: −$1,688
• Est. tax savings @ 24.0%: +$405
• After-tax cash flow: $1,178/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

+182.9% since first listed

12 events — show timeline

• 2026-04-25 Price Changed $159,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Listed $179,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-03-16 Listed $55,000 Stellar MLS as Distributed by MLS Grid
• 2017-01-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-08-01 Listed $49,990 Stellar MLS as Distributed by MLS Grid
• 2008-03-20 Sold (Public Records) $75,000 Public Records
• 2008-03-20 Sold (MLS) $75,000 Stellar MLS as Distributed by MLS Grid
• 2007-11-06 Listed $87,300 Stellar MLS as Distributed by MLS Grid
• 2004-08-18 Sold (Public Records) $61,500 Public Records
• 1998-08-25 Sold (Public Records) $43,225 Public Records
• 1983-07-01 Sold (Public Records) $56,200 Public Records

Property tax history

+9.7%/yr

Latest (2025): $2,427 · +21.1% YoY. Source: county tax records.