4681 NE 28th Ter · Silver Springs, FL 34479

$151,450

3 bd · 2.0 ba · 1,272 sqft · SingleFamily public records · 7 Days on market

Built 1991 0.26 ac lot Est $235k · 36% 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 +24.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• 1% rule +6.6/10.0
• 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

* Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

Key facts

• 0.26 acre lot
• Garage
• Built 1991

Property features AI

Finance

• Other: Unfurnished
• Financial info: Homestead exempt; Lease restrictions apply
• HOA & community: No association

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Septic tank sewer; Electricity connected
• Home design: Single-family residence; One story; Residential zoning (R1); Facing west
• Construction: Stucco construction; Shingle roof; Built on slab foundation; Building area about 1,584 square feet; Living area about 1,272 square feet
• Exterior features: Other exterior features; Asphalt road access; Lot dimensions 85 x 135; Lot size approximately 0.26 acres (about 1/4 to less than 1/2 acre); West-facing

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry area (other); Slab foundation

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $151k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $151k).
• Cap rate 8.7% vs local median 4.2% in Silver Springs — 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: 173 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 ($54k/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 $1k of loan paydown is wiped out by about $5k 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

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 4y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,450

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 1.16% ✓
• Cap rate: 8.74%
• Cash-on-cash: 8.73%
• DSCR: 1.39
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $235,320
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4746 NE 27th Ct	0.16mi	3/2.0	1,152 (-9%)	2mo	$221,000	$192	76
4025 NE 29th Ct	0.46mi	3/2.0	1,300 (+2%)	9mo	$240,000	$185	67
2785 NE 45th St	0.16mi	3/2.0	1,092 (-14%)	5mo	$209,990	$192	65
3155 NE 38th St	0.65mi	3/2.0	1,263 (-1%)	9mo	$235,530	$186	61
3060 NE 45th St	0.21mi	4/2.0 (+1)	1,454 (+14%)	0mo	$235,000	$162	61
2645 NE 44th St	0.29mi	3/1.5	1,092 (-14%)	2mo	$199,000	$182	59
4465 NE 34th Ct	0.53mi	3/2.0	1,341 (+5%)	9mo	$275,000	$205	59
2590 NE 42nd Pl	0.43mi	3/2.0	1,092 (-14%)	3mo	$180,000	$165	54
3380 NE 42nd Pl	0.54mi	3/2.0	1,346 (+6%)	14mo	$269,900	$201	53
3292 NE 42nd Pl	0.47mi	3/2.0	1,420 (+12%)	10mo	$247,999	$175	50
3125 NE 38th St	0.63mi	3/2.0	1,428 (+12%)	4mo	$250,500	$175	47
3781 NE 32nd Ct	0.71mi	3/2.0	1,428 (+12%)	5mo	$222,000	$155	42

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: -3.0%
• Equity multiple: 0.89×
• Total profit: $-4,850
• Equity at exit: $22,582

10-year hold

• IRR: 6.7%
• Equity multiple: 1.50×
• Total profit: $21,270
• Equity at exit: $13,095

Cash invested: $42,406 (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 34479

• Home prices YoY: -31.0%
• Active inventory: 173
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,762 high
• Mortgage (P&I): −$794
• Tax from tax record: −$226 /mo · $2,716/yr
• Insurance: −$63
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $308

Break-even live

Break-even rent $1,372

Max offer price $151,450

Occupancy floor 78%

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: $37,862
• Closing costs: $4,544
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3380 NE 44th Pl Ocala, FL	3.0	2.0	1392	$1,650	$1.19	21d	1	0.50mi
3656 NE 30th Ter Ocala, FL	4.0	2.5	1853	$2,150	$1.16	14d	1	0.75mi
2190 NE 54th St Ocala, FL	3.0	2.0	1620	$1,450	$0.90	14d	1	0.80mi
1405 NE 55th St Ocala, FL	2.0	1.0	1032	$1,400	$1.36	21d	1	1.46mi
2855 NE 20th Ter Ocala, FL	3.0	2.0	1504	$1,875	$1.25	14d	1	1.49mi

Listing history 12 events

1. 2026-05-15
   status Pending
2. 2026-05-08
   listed $151,450 Active
3. 2026-01-05
   listed $5,000 Active
4. 2022-10-27
   soldstatus $209,900
5. 2022-10-24
   soldstatus $209,900 Closed 815-char remark

   Show marketing remark (815 chars)

   * Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

6. 2022-09-27
   status Pending 815-char remark

   Show marketing remark (815 chars)

   * Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

7. 2022-09-22
   price $209,900 815-char remark

   Show marketing remark (815 chars)

   * Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

8. 2022-09-12
   price $219,900 815-char remark

   Show marketing remark (815 chars)

   * Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

9. 2022-09-06
   status Active 815-char remark

   Show marketing remark (815 chars)

   * Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

10. 2022-07-28
    status Pending 815-char remark

    Show marketing remark (815 chars)

    * Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

11. 2022-07-21
    listed $224,900 Active 815-char remark

    Show marketing remark (815 chars)

    * Back on market due to buyer not being able to obtain financing * SUPER cute and charming 3/2 in quiet, NE Ocala! Situated on a cul-de-sac street, your new home offers split bedroom floor plan, eat-in space in kitchen, cathedral ceilings in main living space and rear patio screened room. Master bedroom provides large walk-in closet space and generous en suite bath, while guest bedrooms give ample room in both area and closets, perfect for additional living or office space. Garage offers both parking and storage while additional shed in fenced in backyard accommodates nicely as well. Roof replaced in 2012 and HVAC in 2019. With no HOA, no rear neighbors and only minutes to HWY 441, this property aims to please the first time homeowner or those looking to establish themselves in beautiful Ocala, Florida!

12. 1991-11-01
    soldstatus $53,000

ⓘ 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: $2,716 · $226/mo
• Projected year-2 tax: $2,716 · $226/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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,145
• − Mortgage interest: −$8,484
• − Property taxes: −$2,716
• − Insurance: −$757
• − Repairs & maintenance: −$1,692
• − Management: −$1,692
• − Depreciation: −$4,406
• Taxable income: $1,399
• Est. tax owed @ 24.0%: −$336
• 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

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): 13,264
• Household income: $54,283
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 664.0

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 (66%)
• Race & ethnicity: White 66% Hispanic / Latino 15% Black 14% Two or more races 9%
• Hispanic origin (detail): Mexican 5% Puerto Rican 6% Cuban 2%
• Common ancestry: Lithuanian 2% Italian 2% Estonian 1%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 11% 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: ▼ -111.70%
• Current HPI: 248.7063
• 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

+185.8% since first listed

12 events — show timeline

• 2026-05-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listed $151,450 Stellar MLS as Distributed by MLS Grid
• 2026-01-05 Listed $5,000 NFMLS
• 2022-10-27 Sold (Public Records) $209,900 Public Records
• 2022-10-24 Sold (MLS) $209,900 Stellar MLS as Distributed by MLS Grid
• 2022-09-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-09-22 Price Changed $209,900 Stellar MLS as Distributed by MLS Grid
• 2022-09-12 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2022-09-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-07-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-07-21 Listed $224,900 Stellar MLS as Distributed by MLS Grid
• 1991-11-01 Sold (Public Records) $53,000 Public Records

Property tax history

+9.5%/yr

Latest (2025): $2,716 · +10.1% YoY. Source: county tax records.