9115 SW 102nd Ln · On Top of the World, FL 34481

$124,500

2 bd · 2.0 ba · 1,040 sqft · SingleFamily public records · 138 Days on market

Built 1984 9,583 sqft lot $120/sqft · 18% below area Est $152k · 18% under $147/mo HOA · 10% of rent

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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 +19.1/30.0
• ARV discount +15.0/15.0
• 1% rule +6.9/10.0
• DSCR +6.0/10.0
• 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

Welcome to this charming home located in the desirable 55+ active adult community of Pine Run! This 2 bedroom, 2 bathroom home is being sold fully furnished, making it a perfect option for a seasonal getaway, second home, or anyone ready to downsize and enjoy easy Florida living. Inside, you’ll find a comfortable layout with carpet in the living room, hallway, and bedrooms, creating a warm and cozy feel throughout. The home also features a durable metal roof for peace of mind and an oversized carport with plenty of covered parking and space for guests. Situated on a corner lot, this property offers extra outdoor space and a more open setting. Enjoy the benefits of an affordable HOA, plus a convenient location near restaurants, shopping, and medical facilities, and just a short drive to the Withlacoochee River. This move-in-ready home is ready for you to start enjoying the relaxed active adult lifestyle Pine Run is known for!

Key facts

• Durable metal roof
• Affordable hoa
• Oversized carport

Tags

• FULLY FURNISHED
• DURABLE METAL ROOF
• OVERSIZED CARPORT
• CORNER LOT
• AFFORDABLE HOA
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $124k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 2.9% in On Top of the World — 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: 1151 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 31% 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 $861 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 138 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $95k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $109,560 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.19% ✓
• Cap rate: 7.56%
• Cash-on-cash: 4.51%
• DSCR: 1.20
• GRM: 7.0

CMA / ARV

• ARV (median comp): $151,791
• List price: $124,500
• Delta: -17.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9200 SW 101st Ln	0.11mi	2/2.0	1,144 (+10%)	10mo	$169,900	$149	70
10060 SW 93rd Ave	0.28mi	2/1.5	1,095 (+5%)	15mo	$130,000	$119	64
10061 SW 88th Ter	0.31mi	2/2.0	1,144 (+10%)	6mo	$135,500	$118	63
10040 SW 96th Ct	0.59mi	2/2.0	1,008 (-3%)	8mo	$164,000	$163	61
9637 SW 94th Ct Unit A	0.66mi	2/2.0	1,092 (+5%)	10mo	$125,900	$115	53
9210 SW 104th Ln	0.25mi	2/2.0	1,144 (+10%)	23mo	$153,000	$134	52
10490 SW 85th Ct	0.53mi	2/2.0	1,090 (+5%)	23mo	$180,000	$165	48
9333 SW 97th Pl Unit C	0.53mi	2/2.0	1,178 (+13%)	13mo	$160,000	$136	43
10150 SW 96th Ct	0.56mi	2/1.0	960 (-8%)	18mo	$110,000	$115	42
8473 SW 106th St	0.72mi	2/2.0	936 (-10%)	10mo	$133,000	$142	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: -9.1%
• Equity multiple: 0.66×
• Total profit: $-11,691
• Equity at exit: $18,563

10-year hold

• IRR: 0.5%
• Equity multiple: 1.03×
• Total profit: $1,120
• Equity at exit: $10,764

Cash invested: $34,860 (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: 7.0×

Monthly cashflow live

• Estimated rent: $1,488 high
• Mortgage (P&I): −$653
• Tax from tax record: −$192 /mo · $2,309/yr
• Insurance: −$52
• HOA: −$147
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $131

Break-even live

Break-even rent $1,322

Max offer price $124,500

Occupancy floor 86%

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: $31,125
• Closing costs: $3,735
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9075 SW 102nd Pl Ocala, FL	2.0	2.0	1008	$1,275	$1.26	21d	1	0.06mi
8935 SW 102nd Pl Ocala, FL	2.0	2.0	1144	$1,500	$1.31	21d	1	0.20mi
10211 SW 93rd Ct Ocala, FL	3.0	2.0	1456	$1,495	$1.03	21d	1	0.20mi
10081 SW 95th Ave Ocala, FL	2.0	2.0	1040	$1,395	$1.34	21d	1	0.39mi
8757 SW 97th Lane Rd Unit C Ocala, FL	2.0	2.0	1490	$1,600	$1.07	13d	1	0.47mi
10441 SW 85th Ct Ocala, FL	2.0	2.0	1090	$1,495	$1.37	21d	1	0.57mi
10081 SW 97th Ct Ocala, FL	2.0	1.0	992	$1,200	$1.21	13d	1	0.62mi
9760 SW 101st Ln Ocala, FL	2.0	2.0	1360	$1,500	$1.10	21d	1	0.64mi
9201 SW 108th Pl Ocala, FL	2.0	2.0	1170	$1,475	$1.26	21d	15	0.67mi
8655 SW 98th Street Rd Unit G Ocala, FL	2.0	2.0	1424	$1,500	$1.05	21d	1	0.67mi
8670 SW 97th St Unit A Ocala, FL	2.0	2.0	1341	$1,600	$1.19	21d	1	0.69mi
8671 SW 97th St Unit C Ocala, FL	2.0	2.0	1341	$1,474	$1.10	13d	1	0.72mi
10405 SW 99th Ave Ocala, FL	2.0	2.0	1040	$1,450	$1.39	21d	1	0.75mi
9748 SW 97th St Ocala, FL	2.0	2.0	1105	$1,500	$1.36	21d	1	0.80mi
8947 SW 108th Pl Ocala, FL	2.0	2.0	1096	$1,500	$1.37	21d	1	0.80mi
9758 SW 96th St Ocala, FL	2.0	2.0	1219	$1,400	$1.15	21d	1	0.83mi
9794 SW 96th St Ocala, FL	2.0	2.0	1201	$1,700	$1.42	21d	1	0.86mi
10155 SW 100th Ave Ocala, FL	2.0	2.0	1040	$1,700	$1.63	21d	1	0.86mi
8680 SW 94th Ln Unit G Ocala, FL	3.0	2.0	1409	$1,550	$1.10	21d	1	0.86mi
8669 SW 108th Ln Ocala, FL	2.0	1.0	1152	$1,250	$1.09	21d	1	0.97mi
8942 SW 109th Ln Ocala, FL	2.0	2.0	960	$1,450	$1.51	21d	1	0.98mi
9013 SW 91st Cir Ocala, FL	2.0	2.0	1494	$1,900	$1.27	13d	1	1.11mi
8130 SW 108th Street Rd Ocala, FL	2.0	2.0	1084	$1,975	$1.82	21d	1	1.27mi
8430 SW 90th Ln Unit D Ocala, FL	2.0	2.0	1454	$1,600	$1.10	21d	1	1.35mi
8431 SW 90th Ln Ocala, FL	2.0	2.0	1366	$1,395	$1.02	21d	1	1.38mi

HOA detail

• Monthly dues: $147 · $1,764/yr

Listing history 10 events

1. 2026-06-09
   status $124,500 Pending 138 DOM
2. 2026-06-08
   days on market $124,500 Active 138 DOM
3. 2026-06-07
   days on market $124,500 Active 137 DOM
4. 2026-06-03
   days on market $124,500 Active 133 DOM
5. 2026-06-02
   days on market $124,500 Active 132 DOM
6. 2026-05-31
   days on market $124,500 Active 130 DOM
7. 2026-05-30
   days on market $124,500 Active 129 DOM
8. 2026-01-21
   listed $138,750 Active 944-char remark

   Show marketing remark (944 chars)

   Welcome to this charming home located in the desirable 55+ active adult community of Pine Run! This 2 bedroom, 2 bathroom home is being sold fully furnished, making it a perfect option for a seasonal getaway, second home, or anyone ready to downsize and enjoy easy Florida living. Inside, you’ll find a comfortable layout with carpet in the living room, hallway, and bedrooms, creating a warm and cozy feel throughout. The home also features a durable metal roof for peace of mind and an oversized carport with plenty of covered parking and space for guests. Situated on a corner lot, this property offers extra outdoor space and a more open setting. Enjoy the benefits of an affordable HOA, plus a convenient location near restaurants, shopping, and medical facilities, and just a short drive to the Withlacoochee River. This move-in-ready home is ready for you to start enjoying the relaxed active adult lifestyle Pine Run is known for!

9. 2006-03-15
   soldstatus $95,000
10. 1984-10-01
    soldstatus $44,700

ⓘ 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: $2,309 · $192/mo
• Projected year-2 tax: $2,309 · $192/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,851
• − Mortgage interest: −$6,974
• − Property taxes: −$2,309
• − Insurance: −$622
• − Repairs & maintenance: −$1,428
• − Management: −$1,428
• − HOA: −$1,764
• − Depreciation: −$3,622
• Taxable loss: −$296
• Est. tax savings @ 24.0%: +$71
• After-tax cash flow: $1,644/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 — On Top of the World

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): 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

+210.4% since first listed

3 events — show timeline

• 2026-01-21 Listed $138,750 Stellar MLS as Distributed by MLS Grid
• 2006-03-15 Sold (Public Records) $95,000 Public Records
• 1984-10-01 Sold (Public Records) $44,700 Public Records

Property tax history

+9.5%/yr

Latest (2025): $2,309 · +10.0% YoY. Source: county tax records.