1501 SE 186th Ct · Silver Springs Shores East, FL 34488

$86,900

2 bd · 1.0 ba · 720 sqft · Manufactured public records · 285 Days on market

Built 1973 $121/sqft · 23% above area Est $77k · 13% over

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Why this score? — see what drove the C+ 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
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.5/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

OWNER FINANCING AVAILABLE NO HOA YOU OWN THE LAND Beautifully remodeled mobile home on its own land in a peaceful Silver Springs neighborhood, offering something rare in todays market: flexible seller financing directly from the owner. If you have a solid down payment but need creative financing to make homeownership a reality, this is an excellent opportunity. The home features a recently serviced well and central AC, a large circular driveway, and a spacious concrete lanai Florida room ideal for relaxing or entertaining. There is a detached garage workshop, multiple storage sheds including laundry, and ample space for RV or boat parking, providing plenty of functionality and flexibility. The property sits high and dry with no flooding or storm damage, and has no neighbors across the street, offering a quiet and private setting. Restaurants and bars are nearby, with Dollar General, Winn Dixie, and other conveniences just minutes away. You are a short drive to Silver Springs and Ocala, about an hour to Daytona, and just over half an hour to The Villages. Surrounded by the Ocala National Forest, outdoor recreation is right at your doorstep.

Key facts

• Solid concrete lanai
• Large steel garage
• Own land

Tags

• REMODELED MOBILE HOME
• OWN LAND
• WELL AND CENTRAL AC
• CIRCLE DRIVEWAY
• SOLID CONCRETE LANAI
• LARGE STEEL GARAGE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $87k.

Deal economics

• At list price, monthly cash flow is $337 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $87k).
• Recommended offer: $76k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.9% 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 C — 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: 201 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $601 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 $24k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 285 days — a 12% lower offer ($76k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 14y ago; this cycle's ask has dropped $13k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $76,472 (12.0% below list)

Questions for the listing agent

1. It's been on market 285 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — 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: 1.35% ✓
• Cap rate: 10.94%
• Cash-on-cash: 16.61%
• DSCR: 1.74
• GRM: 6.2

CMA / ARV

• ARV (median comp): $76,652
• List price: $86,900
• Delta: 13.37%
• Verdict: OVERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1800 SE 185th Ct	0.24mi	2/1.0	720 (0%)	4mo	$59,250	$82	86
19049 SE 16th Pl	0.37mi	2/2.0	737 (+2%)	8mo	$90,000	$122	68

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: 7.7%
• Equity multiple: 1.30×
• Total profit: $7,382
• Equity at exit: $12,957

10-year hold

• IRR: 17.0%
• Equity multiple: 2.40×
• Total profit: $34,100
• Equity at exit: $7,514

Cash invested: $24,332 (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 34488

• Home prices YoY: -26.1%
• Active inventory: 201
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,175 medium
• Mortgage (P&I): −$456
• Tax from tax record: −$100 /mo · $1,196/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $337

Break-even live

Break-even rent $749

Max offer price $86,900

Occupancy floor 66%

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: $21,725
• Closing costs: $2,607
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-18
   days on market $86,900 Active 285 DOM
2. 2026-06-17
   days on market $86,900 Active 284 DOM
3. 2026-06-16
   days on market $86,900 Active 283 DOM
4. 2026-06-15
   days on market $86,900 Active 282 DOM
5. 2026-06-14
   days on market $86,900 Active 280 DOM
6. 2026-06-13
   days on market $86,900 Active 279 DOM
7. 2026-06-10
   days on market $86,900 Active 277 DOM
8. 2026-06-09
   days on market $86,900 Active 276 DOM
9. 2026-06-08
   days on market $86,900 Active 275 DOM
10. 2026-06-07
    days on market $86,900 Active 274 DOM
11. 2026-06-03
    days on market $86,900 Active 270 DOM
12. 2026-06-02
    days on market $86,900 Active 269 DOM
13. 2026-05-31
    days on market $86,900 Active 267 DOM
14. 2026-05-30
    days on market $86,900 Active 266 DOM
15. 2026-01-29
    soldstatus $100,000
16. 2026-01-28
    soldstatus $100,000 Closed 1162-char remark

    Show marketing remark (1162 chars)

    OWNER FINANCING AVAILABLE NO HOA YOU OWN THE LAND Beautifully remodeled mobile home on its own land in a peaceful Silver Springs neighborhood, offering something rare in todays market: flexible seller financing directly from the owner. If you have a solid down payment but need creative financing to make homeownership a reality, this is an excellent opportunity. The home features a recently serviced well and central AC, a large circular driveway, and a spacious concrete lanai Florida room ideal for relaxing or entertaining. There is a detached garage workshop, multiple storage sheds including laundry, and ample space for RV or boat parking, providing plenty of functionality and flexibility. The property sits high and dry with no flooding or storm damage, and has no neighbors across the street, offering a quiet and private setting. Restaurants and bars are nearby, with Dollar General, Winn Dixie, and other conveniences just minutes away. You are a short drive to Silver Springs and Ocala, about an hour to Daytona, and just over half an hour to The Villages. Surrounded by the Ocala National Forest, outdoor recreation is right at your doorstep.

17. 2026-01-15
    status Pending 1162-char remark

    Show marketing remark (1162 chars)

    OWNER FINANCING AVAILABLE NO HOA YOU OWN THE LAND Beautifully remodeled mobile home on its own land in a peaceful Silver Springs neighborhood, offering something rare in todays market: flexible seller financing directly from the owner. If you have a solid down payment but need creative financing to make homeownership a reality, this is an excellent opportunity. The home features a recently serviced well and central AC, a large circular driveway, and a spacious concrete lanai Florida room ideal for relaxing or entertaining. There is a detached garage workshop, multiple storage sheds including laundry, and ample space for RV or boat parking, providing plenty of functionality and flexibility. The property sits high and dry with no flooding or storm damage, and has no neighbors across the street, offering a quiet and private setting. Restaurants and bars are nearby, with Dollar General, Winn Dixie, and other conveniences just minutes away. You are a short drive to Silver Springs and Ocala, about an hour to Daytona, and just over half an hour to The Villages. Surrounded by the Ocala National Forest, outdoor recreation is right at your doorstep.

18. 2025-10-04
    listed $100,000 Active 1162-char remark

    Show marketing remark (1162 chars)

    OWNER FINANCING AVAILABLE NO HOA YOU OWN THE LAND Beautifully remodeled mobile home on its own land in a peaceful Silver Springs neighborhood, offering something rare in todays market: flexible seller financing directly from the owner. If you have a solid down payment but need creative financing to make homeownership a reality, this is an excellent opportunity. The home features a recently serviced well and central AC, a large circular driveway, and a spacious concrete lanai Florida room ideal for relaxing or entertaining. There is a detached garage workshop, multiple storage sheds including laundry, and ample space for RV or boat parking, providing plenty of functionality and flexibility. The property sits high and dry with no flooding or storm damage, and has no neighbors across the street, offering a quiet and private setting. Restaurants and bars are nearby, with Dollar General, Winn Dixie, and other conveniences just minutes away. You are a short drive to Silver Springs and Ocala, about an hour to Daytona, and just over half an hour to The Villages. Surrounded by the Ocala National Forest, outdoor recreation is right at your doorstep.

19. 2025-09-21
    price $86,900 947-char remark

    Show marketing remark (947 chars)

    NO HOA !!!! YOU OWN THE LAND Recently remodeled mobile home on it's OWN LAND !! Recently remodeled . Well and central AC serviced in 2023 . HIGH AND DRY !!! NO FLOODING !!! NO STORM DAMAGE !! Possible trade plus cash for a fixer upper ?? Huge circle driveway . Huge , solid concrete Lanai / Florida room . Large steel garage with connected shop with power . Laundry shed and several other sheds . Plenty of room to park your boat or RV !!! No neighbors on two sides . Very quiet and peaceful street . Restaurants and bars within walking distance . Dollar General , Winn Dixie ( Groceries ) a short drive . Easy drive to Silver Springs / Ocala . Daytona is one hour . The Villages a little over a half hour . Fishing and hunting in the surrounding OCALA NATIONAL FOREST !! Low taxes and cheap utilities !! Properties in this area are sought after !!! Owner occupied so please contact owner for showing . MOTIVATED SELLER !!! MAKE ME AN OFFER !!

20. 2025-09-07
    price $89,000 947-char remark

    Show marketing remark (947 chars)

    NO HOA !!!! YOU OWN THE LAND Recently remodeled mobile home on it's OWN LAND !! Recently remodeled . Well and central AC serviced in 2023 . HIGH AND DRY !!! NO FLOODING !!! NO STORM DAMAGE !! Possible trade plus cash for a fixer upper ?? Huge circle driveway . Huge , solid concrete Lanai / Florida room . Large steel garage with connected shop with power . Laundry shed and several other sheds . Plenty of room to park your boat or RV !!! No neighbors on two sides . Very quiet and peaceful street . Restaurants and bars within walking distance . Dollar General , Winn Dixie ( Groceries ) a short drive . Easy drive to Silver Springs / Ocala . Daytona is one hour . The Villages a little over a half hour . Fishing and hunting in the surrounding OCALA NATIONAL FOREST !! Low taxes and cheap utilities !! Properties in this area are sought after !!! Owner occupied so please contact owner for showing . MOTIVATED SELLER !!! MAKE ME AN OFFER !!

21. 2025-09-04
    listed $94,000 Active 947-char remark

    Show marketing remark (947 chars)

    NO HOA !!!! YOU OWN THE LAND Recently remodeled mobile home on it's OWN LAND !! Recently remodeled . Well and central AC serviced in 2023 . HIGH AND DRY !!! NO FLOODING !!! NO STORM DAMAGE !! Possible trade plus cash for a fixer upper ?? Huge circle driveway . Huge , solid concrete Lanai / Florida room . Large steel garage with connected shop with power . Laundry shed and several other sheds . Plenty of room to park your boat or RV !!! No neighbors on two sides . Very quiet and peaceful street . Restaurants and bars within walking distance . Dollar General , Winn Dixie ( Groceries ) a short drive . Easy drive to Silver Springs / Ocala . Daytona is one hour . The Villages a little over a half hour . Fishing and hunting in the surrounding OCALA NATIONAL FOREST !! Low taxes and cheap utilities !! Properties in this area are sought after !!! Owner occupied so please contact owner for showing . MOTIVATED SELLER !!! MAKE ME AN OFFER !!

22. 2025-07-04
    historical
23. 2025-06-06
    price $89,900
24. 2025-05-19
    status Active
25. 2025-05-19
    historical
26. 2025-05-01
    price $94,900
27. 2025-03-31
    listed $99,999 Active
28. 2022-08-15
    soldstatus $41,000 Closed
29. 2022-07-14
    status Pending
30. 2022-07-12
    listed $45,000 Active
31. 2016-08-08
    soldstatus $22,000
32. 2016-04-12
    listed $24,000
33. 2012-10-04
    historical
34. 2012-04-04
    listed $28,000
35. 1977-08-01
    soldstatus $19,000

ⓘ 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: $1,196 · $100/mo
• Projected year-2 tax: $1,196 · $100/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 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: $14,103
• − Mortgage interest: −$4,868
• − Property taxes: −$1,196
• − Insurance: −$434
• − Repairs & maintenance: −$1,128
• − Management: −$1,128
• − Depreciation: −$2,528
• Taxable income: $2,820
• Est. tax owed @ 24.0%: −$677
• After-tax cash flow: $3,365/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

• Population (ZIP): 11,525

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Serbian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 2%

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: ▼ -80.45%
• Current HPI: 227.3763
• Rent YoY: —
• Metro: —
• 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

+426.3% since first listed

21 events — show timeline

• 2026-01-29 Sold (Public Records) $100,000 Public Records
• 2026-01-28 Sold (MLS) $100,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-10-04 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-21 Price Changed $86,900 Fizber.com
• 2025-09-07 Price Changed $89,000 Fizber.com
• 2025-09-04 Listed $94,000 Fizber.com
• 2025-07-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-06 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2025-05-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-05-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-01 Price Changed $94,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-31 Listed $99,999 Stellar MLS as Distributed by MLS Grid
• 2022-08-15 Sold (MLS) $41,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-07-12 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-08 Sold (MLS) $22,000 Stellar MLS as Distributed by MLS Grid
• 2016-04-12 Listed $24,000 Stellar MLS as Distributed by MLS Grid
• 2012-10-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-04-04 Listed $28,000 Stellar MLS as Distributed by MLS Grid
• 1977-08-01 Sold (Public Records) $19,000 Public Records

Property tax history

+14.6%/yr

Latest (2025): $1,196 · +19.9% YoY. Source: county tax records.