1308 SW 5th St · Ocala, FL 34471

$199,900

3 bd · 1.0 ba · 1,591 sqft · SingleFamily public records · 51 Days on market

Built 1956 10,019 sqft lot $126/sqft · 6% above area Est $189k · 6% 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 +23.9/30.0
• DSCR +7.7/10.0
• 1% rule +5.8/10.0
• ARV discount +4.8/15.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

this is a 3 bedroom 1 bath home on a corner lot near downtown Ocala FL with many advantage like stores, restaurant post office the court house etc. , also many of these amenities are walking distant sold as is investor welcome

Key facts

• In-law suite
• Fenced areas
• Private entry

Tags

• CORNER LOT
• IN-LAW SUITE
• PRIVATE ENTRY
• FENCED AREAS
• MATURE SHADE TREES
• MOVE IN READY

Property features AI

Finance

• Other: Residential zoning (R2); Unfurnished; Living/building area approximately 1,591 square feet

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family residence; One story; North-facing
• Construction: Block construction; Shingle roof; Crawlspace foundation; Built on a 100 x 100 corner lot (0.23 acres)
• Exterior features: Other exterior features; Asphalt road

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Kitchen and family room combo; Interior in-law suite with private entry; 8 total rooms
• Laundry & utility: Laundry area (other)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

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 $200k).
• Recommended offer: $194k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 4.2% in Ocala — 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 69/100 on livability (#476 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• 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: Rents soft (-0.6%/yr); 311 active listings in the ZIP; 13 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 39% of the median local income ($66k/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 $6k 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 51 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 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.
• Current owner paid $86k; list at $200k implies a 134% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,903 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.08% ✓
• Cap rate: 8.61%
• Cash-on-cash: 8.28%
• DSCR: 1.37
• GRM: 7.7

CMA / ARV

• ARV (median comp): $188,552
• List price: $199,900
• Delta: 6.02%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1708 SW 6th St	0.28mi	3/2.0	1,400 (-12%)	2mo	$233,000	$166	61
2105 SW 7th Pl	0.65mi	3/3.0	1,652 (+4%)	10mo	$87,500	$53	46
218 NW 9th Ave	0.51mi	4/2.0 (+1)	1,352 (-15%)	16mo	$227,500	$168	28

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.67×
• Total profit: $-18,299
• Equity at exit: $29,806

10-year hold

• IRR: -4.4%
• Equity multiple: 0.75×
• Total profit: $-13,944
• Equity at exit: $17,284

Cash invested: $55,972 (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 34471

• Rents YoY: -0.6%
• Active inventory: 311
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,151 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$181 /mo · $2,176/yr
• Insurance: −$83
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $320

Break-even live

Break-even rent $1,746

Max offer price $199,900

Occupancy floor 80%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1221 SE 5th St Ocala, FL	3.0	2.0	1900	$2,350	$1.24	14d	1	0.10mi
1683 SW 3rd St Ocala, FL	4.0	2.0	1636	$2,200	$1.34	21d	1	0.25mi
714 NW 1st St Ocala, FL	3.0	2.0	1444	$2,200	$1.52	14d	1	0.52mi
44 S Magnolia Ave Ocala, FL	2.0	2.0	1888	$2,850	$1.51	21d	1	0.89mi
346 NW 24th Ave Ocala, FL	3.0	2.0	1206	$1,500	$1.24	14d	1	0.98mi
900 SE 3rd Ave Ocala, FL	2.0–3.0	2.0	1160	$2,325	$2.00	14d	4	1.00mi
302 SE Broadway St #460 Ocala, FL	2.0	2.0	1500	$3,000	$2.00	21d	1	1.05mi
1421 SW 27th Ave Ocala, FL	2.0–4.0	1.0–2.0	1228	$1,489	$1.21	14d	19	1.07mi
1140 NW 20th Ave Ocala, FL	4.0	1.0	1144	$1,550	$1.35	21d	1	1.22mi
241 NE Tuscawilla Ave Ocala, FL	2.0	1.0	1644	$1,400	$0.85	21d	1	1.26mi
339 NE Sanchez Ave Unit 111 Ocala, FL	3.0	3.0	1422	$1,649	$1.16	21d	1	1.36mi
710 NE 4th St Unit 101 Ocala, FL	3.0	3.0	1422	$1,575	$1.11	21d	1	1.36mi
2656 SW 20th Cir Ocala, FL	3.0	2.0	1771	$2,000	$1.13	14d	1	1.40mi

Listing history 24 events

1. 2026-06-18
   days on market $199,900 Active 51 DOM
2. 2026-06-17
   days on market $199,900 Active 50 DOM
3. 2026-06-16
   days on market $199,900 Active 49 DOM
4. 2026-06-15
   days on market $199,900 Active 48 DOM
5. 2026-06-14
   days on market $199,900 Active 46 DOM
6. 2026-06-13
   days on market $199,900 Active 45 DOM
7. 2026-06-10
   days on market $199,900 Active 43 DOM
8. 2026-06-09
   days on market $199,900 Active 42 DOM
9. 2026-06-08
   days on market $199,900 Active 41 DOM
10. 2026-06-07
    days on market $199,900 Active 40 DOM
11. 2026-06-03
    pricedays on market $199,900 Active 36 DOM
12. 2026-06-02
    days on market $209,900 Active 35 DOM
13. 2026-06-01
    days on market $209,900 Active 34 DOM
14. 2026-05-31
    days on market $209,900 Active 33 DOM
15. 2026-05-30
    days on market $209,900 Active 32 DOM
16. 2026-04-28
    listed $209,900 Active 861-char remark
17. 2025-10-16
    status Active
18. 2025-10-16
    price $220,000
19. 2025-09-15
    historical
20. 2025-07-13
    listed $250,000 Active
21. 2022-09-07
    soldstatus $85,500 Closed

    Show marketing remark (226 chars)

    this is a 3 bedroom 1 bath home on a corner lot near downtown Ocala FL with many advantage like stores, restaurant post office the court house etc. , also many of these amenities are walking distant sold as is investor welcome

22. 2022-07-08
    status Pending

    Show marketing remark (226 chars)

    this is a 3 bedroom 1 bath home on a corner lot near downtown Ocala FL with many advantage like stores, restaurant post office the court house etc. , also many of these amenities are walking distant sold as is investor welcome

23. 2022-07-08
    listed $82,500 Active

    Show marketing remark (226 chars)

    this is a 3 bedroom 1 bath home on a corner lot near downtown Ocala FL with many advantage like stores, restaurant post office the court house etc. , also many of these amenities are walking distant sold as is investor welcome

24. 1984-08-01
    soldstatus $44,278

ⓘ 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: $2,176 · $181/mo
• Projected year-2 tax: $2,176 · $181/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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 22 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: $25,809
• − Mortgage interest: −$11,198
• − Property taxes: −$2,176
• − Insurance: −$1,797
• − Repairs & maintenance: −$2,065
• − Management: −$2,065
• − Depreciation: −$5,815
• Taxable income: $694
• Est. tax owed @ 24.0%: −$167
• After-tax cash flow: $3,670/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 — Ocala

• Score: 69/100
• State rank: #476
• US rank: #8461

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocala, FL
• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 28,342
• Household income: $65,789
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1494.0

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 (67%)
• Race & ethnicity: White 67% Hispanic / Latino 16% Two or more races 11% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 3% Dominican 1%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, Jamaica, Dominican Republic
• Languages at home: 86% English-only · Spanish 11% Other Asian/Pacific 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: ▼ -176.55%
• Current HPI: 224.1709
• Rent YoY: ▼ -0.64%
• 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

+351.5% since first listed

10 events — show timeline

• 2026-06-03 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-28 Listed $209,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-10-16 Price Changed $220,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-13 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2022-09-07 Sold (MLS) $85,500 Stellar MLS as Distributed by MLS Grid
• 2022-07-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-07-08 Listed $82,500 Stellar MLS as Distributed by MLS Grid
• 1984-08-01 Sold (Public Records) $44,278 Public Records

Property tax history

+11.2%/yr

Latest (2025): $2,176 · +0.5% YoY. Source: county tax records.