110 SE 70th Cir · Silver Springs, FL 34472

$299,900

4 bd · 2.0 ba · 2,280 sqft · Manufactured public records · 90 Days on market

Built 2020 0.75 ac lot $16/mo HOA · 1% of rent

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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).

• Cash flow +9.3/30.0
• Appreciation +8.0/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• DSCR +2.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0

Listing remarks MLS

This 4/2 home is ready for you! Formal living, dining room open to the kitchen. This home also features a family room to spread out! Split plan, Large master with beautiful master bath offering a garden tub and stand alone shower and large laundry room.

Key facts

• Huge walk-in closet
• Soaking tub
• Fenced lot

Tags

• FENCED LOT
• SPA-LIKE PRIMARY BATHROOM
• SOAKING TUB
• HUGE WALK-IN CLOSET
• FULLY FENCED YARD
• CLOSE TO SHOPPING

Property features AI

Finance

• Other: Homestead exemption indicated
• HOA & community: Has HOA (Association name: Nathan Purdy); HOA dues approximately $200 annually ($16.67/month); Association fee required; Pets allowed

Exterior

• Utilities: Public water; Septic tank sewer; Electricity connected; Water connected
• Home design: Modular home; Single-story; Faces north; Slab foundation
• Construction: Vinyl siding; Shingle roof; Built as a modular home
• Exterior features: Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Split bedroom floor plan; Walk-in closets
• Laundry & utility: Inside laundry

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $300k.

Deal economics

• At list price, monthly cash flow is $-219 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $261k (12.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (27.4% below list).
• Recommended offer: $218k (27.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• 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.
• Zoned schools: Ward-Highlands Elementary School (math 60% / reading 55%, grade C+, #764 of 2,144 statewide, top 36%, 959 students, 59% FRL); Fort King Middle School (math 37% / reading 35%, grade F, #410 of 571 statewide, top 72%, 1,092 students, 71% FRL); Vanguard High School (math 22% / reading 48%, grade F, #379 of 667 statewide, top 58%, 1,661 students, 59% FRL) — zoned schools at 63% FRL track the district average.
• Market conditions: Rents flat; 683 active listings in the ZIP; 6 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 41% 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 $20k of equity ($2k loan paydown + $18k 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 2, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $168k; list at $300k implies a 79% 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 $217,877 (27.4% 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 90 days. Have you received any prior offers? Is the seller open to a 27% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.73% ✗
• Cap rate: 5.42%
• Cash-on-cash: -3.13%
• DSCR: 0.86
• GRM: 11.5

CMA / ARV

• ARV (on-the-fly): $57,000
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7015 NE 3rd St	0.46mi	3/2.0 (-1)	1,978 (-13%)	8mo	$50,000	$25	45

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: 11.7%
• Equity multiple: 1.78×
• Total profit: $65,340
• Equity at exit: $187,253

10-year hold

• IRR: 11.8%
• Equity multiple: 3.29×
• Total profit: $192,445
• Equity at exit: $338,477

Cash invested: $83,972 (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: 683
• Price-to-rent: 11.5×

Monthly cashflow live

• Estimated rent: $2,179 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$227 /mo · $2,722/yr
• Insurance: −$125
• HOA: −$16
• Vacancy / Maint / Mgmt: −$458
• Net cashflow: $-219

Break-even live

Break-even rent $2,456

Max offer price $261,164

Occupancy floor —

Sensitivity live

Price	-10% $-50	-5% $-134	+0% $-219	+5% $-304	+10% $-389
Rent	-10% $-391	-5% $-305	+0% $-219	+5% $-133	+10% $-47
Rate	-1.0pp $-68	-0.5pp $-143	base $-219	+0.5pp $-297	+1.0pp $-376

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 SE 68th Ct Ocala, FL	3.0	2.0	1612	$1,850	$1.15	23d	1	0.28mi
6001 SE 4th Pl Ocala, FL	3.0	2.0	1865	$2,295	$1.23	15d	1	0.92mi
436 NE 61st Ter Ocala, FL	3.0	2.0	2170	$2,600	$1.20	23d	1	0.96mi
113 Teak Rd Ocala, FL	3.0	3.0	2086	$2,150	$1.03	15d	1	1.05mi
5725 SE 3rd Pl Ocala, FL	3.0	2.0	1608	$1,550	$0.96	23d	1	1.10mi
5610 NE 7th St Ocala, FL	3.0	2.0	1900	$1,800	$0.95	15d	1	1.42mi

HOA detail

• Monthly dues: $16 · $192/yr

Listing history 5 events

1. 2026-05-01
   status Pending
2. 2026-02-20
   price $299,900
3. 2026-01-31
   listed $304,000 Active
4. 2020-03-23
   soldstatus $167,500 255-char remark

   Show marketing remark (255 chars)

   This 4/2 home is ready for you! Formal living, dining room open to the kitchen. This home also features a family room to spread out! Split plan, Large master with beautiful master bath offering a garden tub and stand alone shower and large laundry room.

5. 2020-02-24
   listed $174,500 255-char remark

   Show marketing remark (255 chars)

   This 4/2 home is ready for you! Formal living, dining room open to the kitchen. This home also features a family room to spread out! Split plan, Large master with beautiful master bath offering a garden tub and stand alone shower and large laundry room.

ⓘ 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: $2,722 · $227/mo
• Projected year-2 tax: $2,722 · $227/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 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: $26,145
• − Mortgage interest: −$16,799
• − Property taxes: −$2,722
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,092
• − Management: −$2,092
• − HOA: −$192
• − Depreciation: −$8,724
• Taxable loss: −$7,975
• Est. tax savings @ 24.0%: +$1,914
• After-tax cash flow: $-717/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

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• 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

+71.9% since first listed

5 events — show timeline

• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Price Changed $299,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-31 Listed $304,000 Stellar MLS as Distributed by MLS Grid
• 2020-03-23 Sold (MLS) $167,500 Stellar MLS as Distributed by MLS Grid
• 2020-02-24 Listed $174,500 Stellar MLS as Distributed by MLS Grid

Property tax history

+30.3%/yr

Latest (2025): $2,722 · +10.1% YoY. Source: county tax records.