721 NE 26th St · Ocala, FL 34470

$169,000

3 bd · 2.0 ba · 1,362 sqft · SingleFamily public records · 105 Days on market

Built 1985 4,792 sqft lot $124/sqft · 15% below area Est $199k · 15% under

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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 +21.4/30.0
• ARV discount +14.2/15.0
• DSCR +6.8/10.0
• 1% rule +4.8/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 bedroom, 2 bath home located in the heart of Ocala, this property offers great potential for a homeowner or investor alike. While the home may need a little TLC to truly shine, it is priced accordingly and presents a wonderful opportunity to add your personal touch. Roof and HVAC are currently functional but may need replacement in the future

Key facts

• Corner unit
• 4,792 sq ft lot
• Built 1985

Tags

• CORNER UNIT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $251 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (2.3% below list).
• Recommended offer: $154k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.1% 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 (-0.1%/yr); 294 active listings in the ZIP; 10 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 38% of the median local income ($52k/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

• It's been on market 105 days — a 9% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y 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 $90k; list at $169k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $153,790 (9.0% below list)

Questions for the listing agent

1. It's been on market 105 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.98% ✗
• Cap rate: 8.08%
• Cash-on-cash: 6.38%
• DSCR: 1.28
• GRM: 8.5

CMA / ARV

• ARV (median comp): $198,800
• List price: $169,000
• Delta: -14.99%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
609 NE 27th St	0.11mi	3/2.0	1,200 (-12%)	10mo	$195,000	$163	67

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: -9.7%
• Equity multiple: 0.66×
• Total profit: $-16,256
• Equity at exit: $25,198

10-year hold

• IRR: -4.6%
• Equity multiple: 0.74×
• Total profit: $-12,421
• Equity at exit: $14,612

Cash invested: $47,320 (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 34470

• Home prices YoY: -27.6%
• Rents YoY: -0.1%
• Active inventory: 294
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,651 high
• Mortgage (P&I): −$886
• Tax from tax record: −$96 /mo · $1,154/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $251

Break-even live

Break-even rent $1,333

Max offer price $169,000

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
712 NE 26th St Ocala, FL	3.0	2.0	1105	$1,590	$1.44	21d	1	0.05mi
708 NE 26th St Ocala, FL	3.0	2.0	1100	$1,600	$1.45	21d	1	0.06mi
2205 NE 14th Ave Ocala, FL	3.0	1.0	1020	$1,345	$1.32	21d	1	0.68mi
3219 NE 16th Ct Unit 3219 Ocala, FL	3.0	2.0	1200	$1,700	$1.42	13d	1	0.87mi
1643 NE 16th Ave Unit B Ocala, FL	2.0	1.0	1635	$1,450	$0.89	21d	1	1.05mi
2122 NE 28th Pl Ocala, FL	3.0	2.0	1328	$2,100	$1.58	13d	1	1.16mi
2855 NE 20th Ter Ocala, FL	3.0	2.0	1504	$1,875	$1.25	13d	1	1.18mi
1838 NE 17th St Ocala, FL	2.0	1.0	1680	$1,200	$0.71	13d	1	1.26mi
4475 NW 1st Ter Ocala, FL	4.0	3.0	1797	$2,075	$1.15	13d	1	1.41mi
4451 NW 2nd Ave Ocala, FL	3.0	2.0	1359	$1,649	$1.21	21d	1	1.42mi

Listing history 32 events

1. 2026-06-18
   days on market $169,000 Active 105 DOM
2. 2026-06-17
   days on market $169,000 Active 104 DOM
3. 2026-06-16
   days on market $169,000 Active 103 DOM
4. 2026-06-15
   days on market $169,000 Active 102 DOM
5. 2026-06-14
   days on market $169,000 Active 100 DOM
6. 2026-06-13
   days on market $169,000 Active 99 DOM
7. 2026-06-10
   days on market $169,000 Active 97 DOM
8. 2026-06-09
   days on market $169,000 Active 96 DOM
9. 2026-06-08
   days on market $169,000 Active 95 DOM
10. 2026-06-07
    days on market $169,000 Active 94 DOM
11. 2026-06-03
    days on market $169,000 Active 90 DOM
12. 2026-06-02
    days on market $169,000 Active 89 DOM
13. 2026-06-01
    days on market $169,000 Active 88 DOM
14. 2026-05-31
    days on market $169,000 Active 87 DOM
15. 2026-05-30
    days on market $169,000 Active 86 DOM
16. 2026-03-05
    listed $169,000 Active 346-char remark

    Show marketing remark (346 chars)

    3 bedroom, 2 bath home located in the heart of Ocala, this property offers great potential for a homeowner or investor alike. While the home may need a little TLC to truly shine, it is priced accordingly and presents a wonderful opportunity to add your personal touch. Roof and HVAC are currently functional but may need replacement in the future

17. 2020-09-10
    soldstatus $89,900
18. 2020-09-09
    soldstatus $89,900 150-char remark

    Show marketing remark (150 chars)

    Cozy three bedroom two bath featuring an open living room with fireplace, also features an enclosed patio and a storage shed, located on a corner lot.

19. 2020-06-25
    listed $89,900 150-char remark

    Show marketing remark (150 chars)

    Cozy three bedroom two bath featuring an open living room with fireplace, also features an enclosed patio and a storage shed, located on a corner lot.

20. 2020-02-11
    historical
21. 2019-12-20
    listed $89,714
22. 2019-11-17
    historical
23. 2019-05-25
    listed $89,714
24. 2017-11-07
    soldstatus $55,000
25. 2017-10-30
    soldstatus $55,000
26. 2017-04-19
    listed $57,000
27. 2013-11-27
    soldstatus $24,901
28. 2013-08-07
    listed $24,900
29. 2011-08-26
    historical
30. 2010-08-26
    listed $39,900
31. 1997-02-01
    soldstatus $45,000
32. 1994-12-01
    soldstatus $34,560

ⓘ 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: $1,154 · $96/mo
• Projected year-2 tax: $1,403 · $117/mo
• Expected delta: +$248/yr (+$21/mo · 21.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,812
• − Mortgage interest: −$9,467
• − Property taxes: −$1,154
• − Insurance: −$845
• − Repairs & maintenance: −$1,585
• − Management: −$1,585
• − Depreciation: −$4,916
• Taxable income: $260
• Est. tax owed @ 24.0%: −$62
• After-tax cash flow: $2,955/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): 22,443
• Household income: $52,083
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 771.0

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 (71%)
• Race & ethnicity: White 71% Two or more races 12% Hispanic / Latino 12% Black 10% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 2%
• Foreign-born: 6% · Canada, Jamaica, Vietnam
• Languages at home: 89% English-only · Spanish 9%

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: ▼ -92.74%
• Current HPI: 242.686
• Rent YoY: ▼ -0.07%
• 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

+389.0% since first listed

17 events — show timeline

• 2026-03-05 Listed $169,000 Stellar MLS as Distributed by MLS Grid
• 2020-09-10 Sold (Public Records) $89,900 Public Records
• 2020-09-09 Sold (MLS) $89,900 Stellar MLS as Distributed by MLS Grid
• 2020-06-25 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2020-02-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-12-20 Listed $89,714 Stellar MLS as Distributed by MLS Grid
• 2019-11-17 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-05-25 Listed $89,714 Stellar MLS as Distributed by MLS Grid
• 2017-11-07 Sold (Public Records) $55,000 Public Records
• 2017-10-30 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2017-04-19 Listed $57,000 Stellar MLS as Distributed by MLS Grid
• 2013-11-27 Sold (MLS) $24,901 Stellar MLS as Distributed by MLS Grid
• 2013-08-07 Listed $24,900 Stellar MLS as Distributed by MLS Grid
• 2011-08-26 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-08-26 Listed $39,900 Stellar MLS as Distributed by MLS Grid
• 1997-02-01 Sold (Public Records) $45,000 Public Records
• 1994-12-01 Sold (Public Records) $34,560 Public Records

Property tax history

+0.5%/yr

Latest (2025): $1,154 · +2.3% YoY. Source: county tax records.