18565 SE 24th Ln · Silver Springs Shores East, FL 32179

$110,000

2 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 111 Days on market

Built 1974 0.43 ac lot Est $143k · 23% under

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• 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

SITS ON QUIET LANE IN TRANQUIL OAK - TREED FOREST EDGE SUB. GREAT WALKING NEIGHBORHOOD WINDS BY HALF MOON PRAIRIE! SPOTLESS HOME WITH FRONT PORCH! CIRCULAR DRIVE W/ DOUBLE DRIVE GATES! MANY POSSIBILITIES W/ THIS HOME. GREAT NEIGHBORS! 2 MILES TO SHOPPING!

Key facts

• Chain-link fence
• Numerous upgrades
• Formal dining area

Tags

• HALF AN ACRE
• NUMEROUS UPGRADES
• FORMAL DINING AREA
• OVERSIZED INDOOR LAUNDRY ROOM
• FULLY ENCLOSED
• CHAIN-LINK FENCE

Property features AI

Finance

• Other: Located on approximately 0.43 acre (171 x 109 lot); Chain link fencing; Asphalt road access; Public records list living area as 1,152; No waterfront or water access; Zoned R4

Exterior

• Parking: Circular driveway
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Residential mobile home (single wide); One story; Faces south; Entry level: One
• Construction: Metal siding construction; Metal roof; Pillar/post/pier foundation; Built as a single wide
• Exterior features: Cleared and oversized paved lot; Shed(s)

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Living room and dining room combination; Split bedroom layout; Walk-in closets
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $110k.

Deal economics

• At list price, monthly cash flow is $534 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $100k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 5.2% in Silver Springs Shores East — 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 B — 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: 426 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 39% of the median local income ($47k/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 $761 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y ago; this cycle's ask has dropped $29k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $48k; list at $110k implies a 129% 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 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $100,100 (9.0% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.38% ✓
• Cap rate: 12.12%
• Cash-on-cash: 20.79%
• DSCR: 1.93
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $142,848
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18569 SE 22nd Ln	0.11mi	3/1.0 (+1)	984 (-15%)	2mo	$29,000	$29	60
18487 SE 18th Street Rd	0.40mi	3/1.5 (+1)	1,288 (+12%)	4mo	$160,000	$124	51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 13.1%
• Equity multiple: 1.52×
• Total profit: $16,131
• Equity at exit: $16,401

10-year hold

• IRR: 22.0%
• Equity multiple: 2.87×
• Total profit: $57,673
• Equity at exit: $9,511

Cash invested: $30,800 (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 32179

• Home prices YoY: -18.3%
• Active inventory: 426
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,518 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$43 /mo · $514/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$319
• Net cashflow: $534

Break-even live

Break-even rent $842

Max offer price $110,000

Occupancy floor 60%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-18
   days on market $110,000 Active 111 DOM
2. 2026-06-17
   days on market $110,000 Active 110 DOM
3. 2026-06-16
   days on market $110,000 Active 109 DOM
4. 2026-06-15
   days on market $110,000 Active 108 DOM
5. 2026-06-14
   days on market $110,000 Active 106 DOM
6. 2026-06-13
   days on market $110,000 Active 105 DOM
7. 2026-06-10
   days on market $110,000 Active 103 DOM
8. 2026-06-09
   days on market $110,000 Active 102 DOM
9. 2026-06-08
   days on market $110,000 Active 101 DOM
10. 2026-06-07
    days on market $110,000 Active 100 DOM
11. 2026-06-03
    days on market $110,000 Active 96 DOM
12. 2026-06-02
    days on market $110,000 Active 95 DOM
13. 2026-06-01
    days on market $110,000 Active 94 DOM
14. 2026-05-31
    days on market $110,000 Active 93 DOM
15. 2026-05-30
    days on market $110,000 Active 92 DOM
16. 2026-05-22
    status Active
17. 2026-05-08
    status Pending
18. 2026-03-16
    price $110,000
19. 2026-02-13
    listed $139,000 Active
20. 2005-06-29
    soldstatus $48,000
21. 2005-06-24
    soldstatus $48,000 255-char remark

    Show marketing remark (255 chars)

    SITS ON QUIET LANE IN TRANQUIL OAK - TREED FOREST EDGE SUB. GREAT WALKING NEIGHBORHOOD WINDS BY HALF MOON PRAIRIE! SPOTLESS HOME WITH FRONT PORCH! CIRCULAR DRIVE W/ DOUBLE DRIVE GATES! MANY POSSIBILITIES W/ THIS HOME. GREAT NEIGHBORS! 2 MILES TO SHOPPING!

22. 2005-03-12
    listed $55,000 255-char remark

    Show marketing remark (255 chars)

    SITS ON QUIET LANE IN TRANQUIL OAK - TREED FOREST EDGE SUB. GREAT WALKING NEIGHBORHOOD WINDS BY HALF MOON PRAIRIE! SPOTLESS HOME WITH FRONT PORCH! CIRCULAR DRIVE W/ DOUBLE DRIVE GATES! MANY POSSIBILITIES W/ THIS HOME. GREAT NEIGHBORS! 2 MILES TO SHOPPING!

23. 1988-10-01
    soldstatus $25,000

ⓘ 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: $514 · $43/mo
• Projected year-2 tax: $913 · $76/mo
• Expected delta: +$399/yr (+$33/mo · 77.6%)

ⓘ 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 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,216
• − Mortgage interest: −$6,162
• − Property taxes: −$514
• − Insurance: −$550
• − Repairs & maintenance: −$1,457
• − Management: −$1,457
• − Depreciation: −$3,200
• Taxable income: $4,876
• Est. tax owed @ 24.0%: −$1,170
• After-tax cash flow: $5,234/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 East

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): 9,318
• Household income: $46,512
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 303.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 12% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -54.21%
• Current HPI: 242.0408
• 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

+340.0% since first listed

8 events — show timeline

• 2026-05-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 2005-06-29 Sold (Public Records) $48,000 Public Records
• 2005-06-24 Sold (MLS) $48,000 Stellar MLS as Distributed by MLS Grid
• 2005-03-12 Listed $55,000 Stellar MLS as Distributed by MLS Grid
• 1988-10-01 Sold (Public Records) $25,000 Public Records

Property tax history

+6.1%/yr

Latest (2025): $514 · +70.2% YoY. Source: county tax records.