18601 SE 24th Ln · Silver Springs Shores East, FL 32179

$135,000

3 bd · 3.0 ba · 1,935 sqft · Manufactured public records · 106 Days on market

Built 2000 0.38 ac lot

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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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• 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

INVESTORS ALERT! 2000 DOUBLEWIDE 3 BEDROOM 2 BATH WITH 1344 SQ FT. MOBILE HOME HAS NEW PAINT, CABINETS, APPLIANCES, TILE FLOOR, AND STARTED REHAB. ALSO INCLUDED AND SECOND DWEELING THAT IS 1 BEDROOM 1 BATH COULD MAKE FOR A GREAT RENTAL OR ROOM FOR YOUR EXTENDED FAMILY. ALSO IS A 20X30 2 CAR GARAGE. HOMES NEED TO BE FINISHED FOR A GREAT RETURN. PRICED FOR A QUICK SALE. SCHEDULE YOUR SHOWING ASAP!

Key facts

• 0.38 acre lot
• 2 garage spots
• Built 2000

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $320 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $123k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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 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: 426 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• At $1,771/mo this rent would consume 46% of the median local household income ($47k/yr) (locally 303% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 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 106 days — a 9% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $60k; list at $135k implies a 125% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price.
• 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 $122,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 1.31% ✓
• Cap rate: 9.14%
• Cash-on-cash: 10.16%
• DSCR: 1.45
• GRM: 6.4

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: -1.0%
• Equity multiple: 0.96×
• Total profit: $-1,374
• Equity at exit: $20,129

10-year hold

• IRR: 8.8%
• Equity multiple: 1.68×
• Total profit: $25,527
• Equity at exit: $11,672

Cash invested: $37,800 (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: 6.4×

Monthly cashflow live

• Estimated rent: $1,771 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$315 /mo · $3,781/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $320

Break-even live

Break-even rent $1,366

Max offer price $135,000

Occupancy floor 77%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-18
   days on market $135,000 Active 106 DOM
2. 2026-06-17
   days on market $135,000 Active 105 DOM
3. 2026-06-16
   days on market $135,000 Active 104 DOM
4. 2026-06-15
   days on market $135,000 Active 103 DOM
5. 2026-06-14
   days on market $135,000 Active 101 DOM
6. 2026-06-13
   days on market $135,000 Active 100 DOM
7. 2026-06-10
   days on market $135,000 Active 98 DOM
8. 2026-06-09
   days on market $135,000 Active 97 DOM
9. 2026-06-08
   days on market $135,000 Active 96 DOM
10. 2026-06-07
    days on market $135,000 Active 95 DOM
11. 2026-06-03
    days on market $135,000 Active 91 DOM
12. 2026-06-02
    days on market $135,000 Active 90 DOM
13. 2026-06-01
    days on market $135,000 Active 89 DOM
14. 2026-05-31
    days on market $135,000 Active 88 DOM
15. 2026-05-30
    days on market $135,000 Active 87 DOM
16. 2026-03-04
    listed $135,000 Active 398-char remark

    Show marketing remark (398 chars)

    INVESTORS ALERT! 2000 DOUBLEWIDE 3 BEDROOM 2 BATH WITH 1344 SQ FT. MOBILE HOME HAS NEW PAINT, CABINETS, APPLIANCES, TILE FLOOR, AND STARTED REHAB. ALSO INCLUDED AND SECOND DWEELING THAT IS 1 BEDROOM 1 BATH COULD MAKE FOR A GREAT RENTAL OR ROOM FOR YOUR EXTENDED FAMILY. ALSO IS A 20X30 2 CAR GARAGE. HOMES NEED TO BE FINISHED FOR A GREAT RETURN. PRICED FOR A QUICK SALE. SCHEDULE YOUR SHOWING ASAP!

17. 2025-06-23
    historical
18. 2025-03-12
    price $225,000
19. 2024-12-26
    price $228,000
20. 2024-05-14
    price $235,000
21. 2024-04-05
    price $241,000
22. 2024-03-04
    listed $242,000 Active
23. 2007-11-20
    soldstatus $60,000
24. 2007-11-16
    soldstatus $60,000
25. 2007-05-07
    listed $70,000
26. 2007-05-01
    historical
27. 2006-06-06
    historical
28. 2006-03-29
    listed $74,000
29. 2005-12-06
    listed $99,900

ⓘ 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: $3,781 · $315/mo
• Projected year-2 tax: $3,781 · $315/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: $21,257
• − Mortgage interest: −$7,562
• − Property taxes: −$3,781
• − Insurance: −$675
• − Repairs & maintenance: −$1,701
• − Management: −$1,701
• − Depreciation: −$3,927
• Taxable income: $1,910
• Est. tax owed @ 24.0%: −$458
• After-tax cash flow: $3,382/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

+35.1% since first listed

14 events — show timeline

• 2026-03-04 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-03-12 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-26 Price Changed $228,000 Stellar MLS as Distributed by MLS Grid
• 2024-05-14 Price Changed $235,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-05 Price Changed $241,000 Stellar MLS as Distributed by MLS Grid
• 2024-03-04 Listed $242,000 Stellar MLS as Distributed by MLS Grid
• 2007-11-20 Sold (Public Records) $60,000 Public Records
• 2007-11-16 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
• 2007-05-07 Listed $70,000 Stellar MLS as Distributed by MLS Grid
• 2007-05-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-06-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-03-29 Listed $74,000 Stellar MLS as Distributed by MLS Grid
• 2005-12-06 Listed $99,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+13.7%/yr

Latest (2025): $3,781 · +12.5% YoY. Source: county tax records.