6519 NE 23rd Ave · Silver Springs, FL 34479

$149,000

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 166 Days on market

Built 1999 0.34 ac lot

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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 +17.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.5/10.0
• 1% rule +4.5/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming 3-bedroom, 2-bathroom manufactured home sits on nearly 1/2 acre of land, offering modern comforts and privacy. Completely remodeled. Kitchen and bathrooms with stone countertops. Laminate floors. New roof. Backyard complete with one shed for ample storage. Nearly an 1/2 acre for gardening, hobbies, or future dreams. Enjoy the best of Florida’s horse country with easy access to local amenities. Ready for its new owners and packed with charm. Don’t miss out—schedule your tour today! READY TO MOVE!

Key facts

• Remodeled
• Laminate floors
• Stone countertops

Tags

• REMODELED
• STONE COUNTERTOPS
• LAMINATE FLOORS
• NEW ROOF
• AMPLE STORAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $149k.

Deal economics

• At list price, monthly cash flow is $115 ($1k/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 (5.2% below list).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 4.2% in Silver Springs — 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: 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.
• Market conditions: 173 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 31% of the median local income ($54k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 166 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask is 9513% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $63k; list at $149k implies a 135% 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; major wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 166 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
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: 0.95% ✗
• Cap rate: 7.22%
• Cash-on-cash: 3.31%
• DSCR: 1.15
• GRM: 8.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -11.1%
• Equity multiple: 0.60×
• Total profit: $-16,803
• Equity at exit: $22,216

10-year hold

• IRR: -1.8%
• Equity multiple: 0.88×
• Total profit: $-5,169
• Equity at exit: $12,883

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 34479

• Home prices YoY: -31.0%
• Active inventory: 173
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,412 high
• Mortgage (P&I): −$781
• Tax from tax record: −$157 /mo · $1,882/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $115

Break-even live

Break-even rent $1,266

Max offer price $149,000

Occupancy floor 87%

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 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1631 NE 71st St Ocala, FL	2.0	1.0	1028	$1,199	$1.17	21d	1	0.68mi
7818 NE 21st Ave Ocala, FL	2.0	2.0	1120	$1,400	$1.25	14d	1	0.91mi
2269 NE 78th Ln Ocala, FL	2.0	2.0	985	$1,189	$1.21	14d	1	0.95mi
2169 NE 78th Ln Ocala, FL	2.0	2.0	984	$1,175	$1.19	14d	1	0.95mi
2103 NE 78th Ln Ocala, FL	2.0	2.0	984	$1,199	$1.22	21d	1	0.96mi
2077 NE 78th Ln Ocala, FL	2.0	2.0	984	$1,250	$1.27	14d	1	0.97mi
2012 NE 80th Pl Ocala, FL	2.0	1.0	1167	$1,450	$1.24	14d	1	1.07mi
1405 NE 55th St Ocala, FL	2.0	1.0	1032	$1,400	$1.36	21d	1	1.12mi
1315 NE 53rd St Ocala, FL	2.0	1.0	852	$1,400	$1.64	21d	1	1.28mi
1001 NE 77th St Unit 25 Ocala, FL	2.0	2.0	952	$1,300	$1.37	14d	1	1.43mi

Listing history 25 events

1. 2026-06-18
   days on market $149,000 Active 166 DOM
2. 2026-06-17
   days on market $149,000 Active 165 DOM
3. 2026-06-16
   days on market $149,000 Active 164 DOM
4. 2026-06-15
   days on market $149,000 Active 163 DOM
5. 2026-06-14
   days on market $149,000 Active 161 DOM
6. 2026-06-13
   days on market $149,000 Active 160 DOM
7. 2026-06-10
   days on market $149,000 Active 158 DOM
8. 2026-06-09
   days on market $149,000 Active 157 DOM
9. 2026-06-08
   days on market $149,000 Active 156 DOM
10. 2026-06-07
    days on market $149,000 Active 155 DOM
11. 2026-06-03
    pricedays on market $149,000 Active 151 DOM
12. 2026-06-02
    days on market $158,000 Active 150 DOM
13. 2026-05-31
    days on market $158,000 Active 148 DOM
14. 2026-05-30
    pricedays on market $158,000 Active 147 DOM
15. 2026-05-06
    listed $1,550
16. 2026-05-03
    status Active 532-char remark

    Show marketing remark (532 chars)

    This charming 3-bedroom, 2-bathroom manufactured home sits on nearly 1/2 acre of land, offering modern comforts and privacy. Completely remodeled. Kitchen and bathrooms with stone countertops. Laminate floors. New roof. Backyard complete with one shed for ample storage. Nearly an 1/2 acre for gardening, hobbies, or future dreams. Enjoy the best of Florida’s horse country with easy access to local amenities. Ready for its new owners and packed with charm. Don’t miss out—schedule your tour today! READY TO MOVE!

17. 2026-04-18
    status Pending 532-char remark

    Show marketing remark (532 chars)

    This charming 3-bedroom, 2-bathroom manufactured home sits on nearly 1/2 acre of land, offering modern comforts and privacy. Completely remodeled. Kitchen and bathrooms with stone countertops. Laminate floors. New roof. Backyard complete with one shed for ample storage. Nearly an 1/2 acre for gardening, hobbies, or future dreams. Enjoy the best of Florida’s horse country with easy access to local amenities. Ready for its new owners and packed with charm. Don’t miss out—schedule your tour today! READY TO MOVE!

18. 2026-04-11
    price $158,000 532-char remark

    Show marketing remark (532 chars)

    This charming 3-bedroom, 2-bathroom manufactured home sits on nearly 1/2 acre of land, offering modern comforts and privacy. Completely remodeled. Kitchen and bathrooms with stone countertops. Laminate floors. New roof. Backyard complete with one shed for ample storage. Nearly an 1/2 acre for gardening, hobbies, or future dreams. Enjoy the best of Florida’s horse country with easy access to local amenities. Ready for its new owners and packed with charm. Don’t miss out—schedule your tour today! READY TO MOVE!

19. 2026-01-30
    price $165,000 532-char remark

    Show marketing remark (532 chars)

    This charming 3-bedroom, 2-bathroom manufactured home sits on nearly 1/2 acre of land, offering modern comforts and privacy. Completely remodeled. Kitchen and bathrooms with stone countertops. Laminate floors. New roof. Backyard complete with one shed for ample storage. Nearly an 1/2 acre for gardening, hobbies, or future dreams. Enjoy the best of Florida’s horse country with easy access to local amenities. Ready for its new owners and packed with charm. Don’t miss out—schedule your tour today! READY TO MOVE!

20. 2025-12-20
    listed $175,000 Active 532-char remark

    Show marketing remark (532 chars)

    This charming 3-bedroom, 2-bathroom manufactured home sits on nearly 1/2 acre of land, offering modern comforts and privacy. Completely remodeled. Kitchen and bathrooms with stone countertops. Laminate floors. New roof. Backyard complete with one shed for ample storage. Nearly an 1/2 acre for gardening, hobbies, or future dreams. Enjoy the best of Florida’s horse country with easy access to local amenities. Ready for its new owners and packed with charm. Don’t miss out—schedule your tour today! READY TO MOVE!

21. 2024-12-20
    soldstatus $63,422 Closed 723-char remark

    Show marketing remark (723 chars)

    Charming Fixer-Upper Opportunity for Investors and Handy Homeowners! Unlock the potential of this diamond in the rough! This 3-bedroom, 2-bathroom property is a fantastic investment opportunity for fix-and-flippers, and landlords alike. With solid bones and major systems (electricity and plumbing) in working order, this home is just waiting for your vision and touch. Bring your tools and creativity to transform this house into a stunning masterpiece. Great potential for significant ROI with comparable properties in the area. The house boasts a sturdy structure with electricity and plumbing in good condition. This property is a true gem for anyone looking to roll up their sleeves and capitalize on a fantastic deal.

22. 2024-11-21
    status Pending 723-char remark

    Show marketing remark (723 chars)

    Charming Fixer-Upper Opportunity for Investors and Handy Homeowners! Unlock the potential of this diamond in the rough! This 3-bedroom, 2-bathroom property is a fantastic investment opportunity for fix-and-flippers, and landlords alike. With solid bones and major systems (electricity and plumbing) in working order, this home is just waiting for your vision and touch. Bring your tools and creativity to transform this house into a stunning masterpiece. Great potential for significant ROI with comparable properties in the area. The house boasts a sturdy structure with electricity and plumbing in good condition. This property is a true gem for anyone looking to roll up their sleeves and capitalize on a fantastic deal.

23. 2024-11-07
    price $65,000 723-char remark

    Show marketing remark (723 chars)

    Charming Fixer-Upper Opportunity for Investors and Handy Homeowners! Unlock the potential of this diamond in the rough! This 3-bedroom, 2-bathroom property is a fantastic investment opportunity for fix-and-flippers, and landlords alike. With solid bones and major systems (electricity and plumbing) in working order, this home is just waiting for your vision and touch. Bring your tools and creativity to transform this house into a stunning masterpiece. Great potential for significant ROI with comparable properties in the area. The house boasts a sturdy structure with electricity and plumbing in good condition. This property is a true gem for anyone looking to roll up their sleeves and capitalize on a fantastic deal.

24. 2024-11-05
    listed $70,000 Active 723-char remark

    Show marketing remark (723 chars)

    Charming Fixer-Upper Opportunity for Investors and Handy Homeowners! Unlock the potential of this diamond in the rough! This 3-bedroom, 2-bathroom property is a fantastic investment opportunity for fix-and-flippers, and landlords alike. With solid bones and major systems (electricity and plumbing) in working order, this home is just waiting for your vision and touch. Bring your tools and creativity to transform this house into a stunning masterpiece. Great potential for significant ROI with comparable properties in the area. The house boasts a sturdy structure with electricity and plumbing in good condition. This property is a true gem for anyone looking to roll up their sleeves and capitalize on a fantastic deal.

25. 2016-09-02
    soldstatus $44,900

ⓘ 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: $1,882 · $157/mo
• Projected year-2 tax: $1,882 · $157/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 6/10 Major
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 17 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: $16,944
• − Mortgage interest: −$8,346
• − Property taxes: −$1,882
• − Insurance: −$745
• − Repairs & maintenance: −$1,356
• − Management: −$1,356
• − Depreciation: −$4,335
• Taxable loss: −$1,075
• Est. tax savings @ 24.0%: +$258
• After-tax cash flow: $1,641/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
• Metro: Ocala, FL
• Population (ZIP): 13,264
• Household income: $54,283
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 664.0

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: Predominantly White (66%)
• Race & ethnicity: White 66% Hispanic / Latino 15% Black 14% Two or more races 9%
• Hispanic origin (detail): Mexican 5% Puerto Rican 6% Cuban 2%
• Common ancestry: Lithuanian 2% Italian 2% Estonian 1%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 11% 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: ▼ -111.70%
• Current HPI: 248.7063
• 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

-96.5% since first listed

11 events — show timeline

• 2026-05-06 Listed for Rent $1,550 STELLARMLS
• 2026-05-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-11 Price Changed $158,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-30 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-20 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-20 Sold (MLS) $63,422 Stellar MLS as Distributed by MLS Grid
• 2024-11-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-11-07 Price Changed $65,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-05 Listed $70,000 Stellar MLS as Distributed by MLS Grid
• 2016-09-02 Sold (Public Records) $44,900 Public Records

Property tax history

+18.2%/yr

Latest (2025): $1,882 · +249.2% YoY. Source: county tax records.