14769 SW 24th Pl · Rainbow Park, FL 34481

$225,000

3 bd · 2.0 ba · 1,240 sqft · Land · 82 Days on market

Built 2026 10,018 sqft lot $181/sqft · 9% above area Est $206k · 9% over

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Why this score? — see what drove the F 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 +10.9/30.0
• Schools +3.6/10.0
• 1% rule +3.2/10.0
• DSCR +3.2/10.0
• ARV discount +3.2/15.0
• 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

One or more photo(s) has been virtually staged. Welcome to this beautifully crafted St. Augustine Cottage, where modern design meets peaceful, nature-inspired living. Surrounded by mature trees with no direct next-door neighbors, this brand-new construction home offers a sense of privacy and serenity from the moment you arrive. Inside, the bright and airy open floor plan is filled with gorgeous natural light and designed for comfortable everyday living and entertaining. Easy-to-maintain LVP flooring flows throughout, while thoughtful finishes including sparkling countertops and soft-close cabinetry add a polished touch. Step outside and enjoy your own private oasis. The covered front porch with outdoor lighting is the perfect place to relax and unwind, while the spacious yard offers endless potential for gardening, outdoor living, or creating the backyard retreat you’ve always envisioned. With NO HOA, you’ll have the freedom to truly make this property your own. Bright landscaping and charming curb appeal complete the package, while the builder warranty provides added peace of mind for stress-free homeownership from day one. Conveniently located near the World Equestrian Center and Rainbow Springs State Park, this property also offers excellent potential as an income-producing Airbnb, vacation getaway, or seasonal retreat. This home blends comfort, style, and flexibility in a peaceful setting surrounded by nature.

Key facts

• Covered front porch
• Quartz countertops
• Soft-close cabinets

Tags

• LVP FLOORING
• QUARTZ COUNTERTOPS
• SOFT-CLOSE CABINETS
• COVERED FRONT PORCH
• OUTDOOR LIGHTING
• BRIGHT LANDSCAPING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $225k.

Deal economics

• At list price, monthly cash flow is $-100 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $211k (6.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $184k (18.1% below list).
• Recommended offer: $184k (18.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade F — 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: 1151 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 39% of the median local income ($57k/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 $2k of loan paydown is wiped out by about $7k 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 82 days — a 6% lower offer ($212k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $184,175 (18.1% 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 82 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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.
7. 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.
8. 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: 0.82% ✗
• Cap rate: 5.76%
• Cash-on-cash: -1.90%
• DSCR: 0.92
• GRM: 10.2

CMA / ARV

• ARV (median comp): $205,567
• List price: $225,000
• Delta: 9.45%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -19.4%
• Equity multiple: 0.32×
• Total profit: $-42,797
• Equity at exit: $33,548

10-year hold

• IRR: -12.1%
• Equity multiple: 0.28×
• Total profit: $-45,351
• Equity at exit: $19,454

Cash invested: $63,000 (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 34481

• Home prices YoY: -25.2%
• Active inventory: 1151
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,842 medium
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$387
• Net cashflow: $-100

Break-even live

Break-even rent $1,968

Max offer price $210,538

Occupancy floor —

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14665 SW 22nd Pl Ocala, FL	3.0	2.0	1226	$1,900	$1.55	14d	1	0.17mi
14445 SW 22nd Pl Ocala, FL	3.0	2.0	1000	$1,400	$1.40	21d	1	0.34mi
15388 SW 26th Pl Ocala, FL	3.0	2.0	1218	$1,800	$1.48	13d	1	0.65mi
14070 SW 17th Pl Ocala, FL	3.0	2.0	1388	$1,500	$1.08	21d	1	0.79mi

Listing history 10 events

1. 2026-06-10
   status $225,000 Pending 82 DOM
2. 2026-06-09
   days on market $225,000 Active 82 DOM
3. 2026-06-08
   days on market $225,000 Active 81 DOM
4. 2026-06-07
   pricedays on market $225,000 Active 80 DOM
5. 2026-06-03
   days on market $230,000 Active 76 DOM
6. 2026-06-02
   days on market $230,000 Active 75 DOM
7. 2026-06-01
   days on market $230,000 Active 74 DOM
8. 2026-05-31
   days on market $230,000 Active 73 DOM
9. 2026-05-30
   days on market $230,000 Active 72 DOM
10. 2026-03-19
    listed $230,000 Active 1449-char remark

    Show marketing remark (1449 chars)

    One or more photo(s) has been virtually staged. Welcome to this beautifully crafted St. Augustine Cottage, where modern design meets peaceful, nature-inspired living. Surrounded by mature trees with no direct next-door neighbors, this brand-new construction home offers a sense of privacy and serenity from the moment you arrive. Inside, the bright and airy open floor plan is filled with gorgeous natural light and designed for comfortable everyday living and entertaining. Easy-to-maintain LVP flooring flows throughout, while thoughtful finishes including sparkling countertops and soft-close cabinetry add a polished touch. Step outside and enjoy your own private oasis. The covered front porch with outdoor lighting is the perfect place to relax and unwind, while the spacious yard offers endless potential for gardening, outdoor living, or creating the backyard retreat you’ve always envisioned. With NO HOA, you’ll have the freedom to truly make this property your own. Bright landscaping and charming curb appeal complete the package, while the builder warranty provides added peace of mind for stress-free homeownership from day one. Conveniently located near the World Equestrian Center and Rainbow Springs State Park, this property also offers excellent potential as an income-producing Airbnb, vacation getaway, or seasonal retreat. This home blends comfort, style, and flexibility in a peaceful setting surrounded by nature.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 24 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,101
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,768
• − Management: −$1,768
• − Depreciation: −$6,545
• Taxable loss: −$5,084
• Est. tax savings @ 24.0%: +$1,220
• After-tax cash flow: $21/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 — Rainbow Park

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

Census & demographics

• Census place: Rainbow Park, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 26,782
• Household income: $57,324
• Rent vs Own: 9.8% rent · 90.2% own
• Severe rent burden: 313.0

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Black 7% Two or more races 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 88% English-only · Spanish 9% French/Haitian/Cajun 1% German/W. Germanic 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: ▼ -67.48%
• Current HPI: 199.986
• 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

1 event — show timeline

• 2026-03-19 Listed $230,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+3.2%/yr

Latest (2025): $273 · +8.5% YoY. Source: county tax records.