356 SE 66th Ct · Silver Springs, FL 34472

$259,999

3 bd · 2.0 ba · 1,670 sqft · SingleFamily public records · 336 Days on market

Built 2024 6,534 sqft lot Est $299k · 13% under $40/mo HOA · 2% of rent ↓ 13% since listing

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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).

• ARV discount +13.4/15.0
• Cash flow +9.3/30.0
• Appreciation +8.0/10.0
• 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 +2.1/10.0

Listing remarks

One or more photo(s) has been virtually staged. Back on Market - No Fault of the Home! NEWLY BUILT HOME IN DESIRABLE DEER PATH NORTH PHASE 2. Indulge in modern living with this 3-bedroom, all concrete block constructed home featuring an open layout and stainless appliances. The open design connects the living, dining, and kitchen areas, creating a spacious and inviting atmosphere. The primary bedroom features an ensuite bathroom, walk-in closet and luxury vinyl flooring. There is plenty of storage with several well placed storage closets throughout the home. This home comes complete with Pre-Wired smart home package (buyer responsible for activation). New vinyl fencing was installed along t

Key facts

• Walk-in closet
• Stainless appliances
• Open layout

Tags

• OPEN LAYOUT
• STAINLESS APPLIANCES
• ENSUITE BATHROOM
• WALK-IN CLOSET
• LUXURY VINYL FLOORING
• WELL PLACED STORAGE CLOSETS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $-189 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $227k (12.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (28.6% below list).
• Recommended offer: $186k (28.6% 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); Forest High School (math 36% / reading 54%, grade D-, #228 of 667 statewide, top 35%, 2,325 students, 42% FRL) — zoned schools at 57% FRL track the district average.
• Market conditions: Rents flat; 683 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 35% 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 $17k of equity ($2k loan paydown + $15k 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 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 336 days — a 12% lower offer ($229k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $39k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $185,723 (28.6% 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 336 days. Have you received any prior offers? Is the seller open to a 29% 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: 0.71% ✗
• Cap rate: 5.42%
• Cash-on-cash: -3.11%
• DSCR: 0.86
• GRM: 11.7

CMA / ARV

• ARV (on-the-fly): $298,930
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
415 SE 61st Ct	0.38mi	3/2.0	1,684 (+1%)	18mo	$349,900	$208	66
907 SE 65th Cir	0.33mi	3/2.0	1,543 (-8%)	16mo	$305,000	$198	59
6551 SE 1st Loop	0.20mi	4/2.0 (+1)	1,828 (+10%)	20mo	$319,935	$175	53
6605 SE 1st Loop	0.15mi	4/2.0 (+1)	1,828 (+10%)	23mo	$310,935	$170	53
1371 SE 65th Cir	0.56mi	3/2.0	1,763 (+6%)	19mo	$315,000	$179	49
5715 SE 4th Pl	0.72mi	3/2.0	1,833 (+10%)	9mo	$240,000	$131	43

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: $56,799
• Equity at exit: $162,339

10-year hold

• IRR: 11.8%
• Equity multiple: 3.30×
• Total profit: $167,350
• Equity at exit: $293,443

Cash invested: $72,800 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 683
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,857 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$144 /mo · $1,731/yr
• Insurance: −$108
• HOA: −$40
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $-189

Break-even live

Break-even rent $2,096

Max offer price $226,640

Occupancy floor —

Sensitivity live

Price	-10% $-42	-5% $-115	+0% $-189	+5% $-262	+10% $-336
Rent	-10% $-336	-5% $-262	+0% $-189	+5% $-115	+10% $-42
Rate	-1.0pp $-58	-0.5pp $-123	base $-189	+0.5pp $-256	+1.0pp $-325

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 12 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	0.27mi
6772 NE 1st St Unit Na Ocala, FL	3.0	2.0	1300	$1,500	$1.15	15d	1	0.28mi
15 NE 63rd Ct Ocala, FL	3.0	2.0	1500	$1,700	$1.13	23d	1	0.31mi
6859 NE 1st Pl Ocala, FL	3.0	2.0	1250	$1,400	$1.12	23d	1	0.40mi
6001 SE 4th Pl Ocala, FL	3.0	2.0	1865	$2,295	$1.23	15d	1	0.50mi
436 NE 61st Ter Ocala, FL	3.0	2.0	2170	$2,600	$1.20	23d	1	0.66mi
5725 SE 3rd Pl Ocala, FL	3.0	2.0	1608	$1,550	$0.96	23d	1	0.68mi
1503 Peachtree Ln Ocala, FL	2.0	2.0	1152	$1,450	$1.26	23d	1	0.72mi
5610 NE 7th St Ocala, FL	3.0	2.0	1900	$1,800	$0.95	15d	1	1.08mi
113 Teak Rd Ocala, FL	3.0	3.0	2086	$2,150	$1.03	15d	1	1.10mi
6688 Cherry Rd Ocala, FL	3.0	2.0	1270	$1,950	$1.54	15d	1	1.13mi
9 Teak Way Dr Ocala, FL	3.0	2.0	1352	$1,800	$1.33	15d	1	1.30mi

HOA detail

• Monthly dues: $40 · $480/yr

Listing history 7 events

1. 2026-04-21
   status Pending
2. 2025-12-30
   status Active
3. 2025-12-17
   status Pending
4. 2025-12-14
   price $259,999
5. 2025-09-05
   price $272,500
6. 2025-06-28
   price $284,995
7. 2025-05-07
   listed $298,999 Active

ⓘ 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: $1,731 · $144/mo
• Projected year-2 tax: $2,158 · $180/mo
• Expected delta: +$427/yr (+$36/mo · 24.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $22,287
• − Mortgage interest: −$14,564
• − Property taxes: −$1,731
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,783
• − Management: −$1,783
• − HOA: −$480
• − Depreciation: −$7,564
• Taxable loss: −$6,918
• Est. tax savings @ 24.0%: +$1,660
• After-tax cash flow: $-606/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): 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

-13.0% since first listed

7 events — show timeline

• 2026-04-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-14 Price Changed $259,999 Stellar MLS as Distributed by MLS Grid
• 2025-09-05 Price Changed $272,500 Stellar MLS as Distributed by MLS Grid
• 2025-06-28 Price Changed $284,995 Stellar MLS as Distributed by MLS Grid
• 2025-05-07 Listed $298,999 Stellar MLS as Distributed by MLS Grid

Property tax history

+48.5%/yr

Latest (2025): $1,731 · +83.0% YoY. Source: county tax records.