24642 NE 177th Ter · Interlachen, FL 32134

$110,000

2 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 43 Days on market

Built 1963 0.96 ac lot $103/sqft · 36% below area Est $171k · 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 +28.9/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Escape to your own private oasis in the heart of the Ocala National Forest! This charming 2-bedroom, 2-bathroom home is nestled on nearly a full acre of serene, wooded land in this quiet rural community. Whether you're seeking a peaceful primary residence or a weekend getaway, you'll love being within walking distance of the community boat ramp to the Ocklawaha River. Spend your days fishing the world-famous Rodman Recreation Area, hiking the Florida Trail, or exploring the countless springs nearby. With a garage / workshop for all your gear, this is the ultimate home base for outdoor enthusiasts! Or this could be an amazing investment opportunity with the extra . 38 of an acre connected l

Key facts

• 0.96 acre lot
• Built 1963
• Listed 43 days

Property features AI

Finance

• Other: Property type: Residential, single family; Zoning: R4; Unfurnished; One well and one septic on the property; Universal property ID available
• Financial info: No additional financial details provided
• HOA & community: No HOA or association

Exterior

• Parking: No parking details listed
• Security: No security features listed
• Utilities: Well water; Septic tank; Electricity connected; Water connected
• Home design: Single family residence; One story; Northeast-facing entry
• Construction: Vinyl siding; Shingle roof; Pillar/post/pier foundation; Built area reported (building area total 1,295 sq ft)
• Exterior features: Dirt road access; Nearly 1 acre lot (approximately 0.96 acres); Lot dimensions roughly 166 x 252

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 2 bedrooms (one-level home)
• Flooring: Carpet; Linoleum; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heating: Other; Cooling: Wall/window unit(s)
• Interior features: No additional interior features listed
• Laundry & utility: Laundry located inside

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 5.6% in Interlachen — 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 67/100 on livability (#540 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D-, 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: 299 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $41k; list at $110k implies a 170% 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; 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 $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 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 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 10.37%
• Cash-on-cash: 14.55%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (median comp): $171,378
• List price: $110,000
• Delta: -35.81%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.0%
• Equity multiple: 1.19×
• Total profit: $5,988
• Equity at exit: $16,401

10-year hold

• IRR: 14.5%
• Equity multiple: 2.17×
• Total profit: $35,947
• Equity at exit: $9,511

Cash invested: $30,800 (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 32134

• Home prices YoY: -24.4%
• Active inventory: 299
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,441 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$143 /mo · $1,711/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $373

Break-even live

Break-even rent $969

Max offer price $110,000

Occupancy floor 69%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   status $110,000 Pending 43 DOM
2. 2026-06-18
   days on market $110,000 Active 43 DOM
3. 2026-06-17
   days on market $110,000 Active 42 DOM
4. 2026-06-16
   days on market $110,000 Active 41 DOM
5. 2026-06-15
   days on market $110,000 Active 40 DOM
6. 2026-06-14
   days on market $110,000 Active 38 DOM
7. 2026-06-13
   days on market $110,000 Active 37 DOM
8. 2026-06-10
   days on market $110,000 Active 35 DOM
9. 2026-06-09
   days on market $110,000 Active 34 DOM
10. 2026-06-08
    days on market $110,000 Active 33 DOM
11. 2026-06-07
    days on market $110,000 Active 32 DOM
12. 2026-06-03
    days on market $110,000 Active 28 DOM
13. 2026-06-02
    days on market $110,000 Active 27 DOM
14. 2026-06-01
    days on market $110,000 Active 26 DOM
15. 2026-05-31
    days on market $110,000 Active 25 DOM
16. 2026-05-30
    days on market $110,000 Active 24 DOM
17. 2026-05-06
    listed $110,000 Active 1251-char remark
18. 1997-06-10
    soldstatus $40,800

ⓘ 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: $1,711 · $143/mo
• Projected year-2 tax: $1,711 · $143/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 6/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,298
• − Mortgage interest: −$6,162
• − Property taxes: −$1,711
• − Insurance: −$550
• − Repairs & maintenance: −$1,384
• − Management: −$1,384
• − Depreciation: −$3,200
• Taxable income: $2,907
• Est. tax owed @ 24.0%: −$698
• After-tax cash flow: $3,784/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 — Interlachen

• Score: 67/100
• State rank: #540
• US rank: #10162

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 11,580
• Population (ZIP): 7,400

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Italian 3% Slovak 2% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -72.45%
• Current HPI: 224.9549
• Rent YoY: —
• Metro: —
• 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

+169.6% since first listed

3 events — show timeline

• 2026-06-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-06 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 1997-06-10 Sold (Public Records) $40,800 Public Records

Property tax history

+7.0%/yr

Latest (2025): $1,711 · +15.6% YoY. Source: county tax records.