76 Fisher Way Trl · Silver Springs Shores East, FL 32179

$220,000

3 bd · 2.0 ba · 1,362 sqft · SingleFamily public records · 124 Days on market

Built 2006 10,019 sqft lot $162/sqft · 10% below area Est $244k · 10% under

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Why this score? — see what drove the D+ 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 +17.5/30.0
• ARV discount +11.9/15.0
• DSCR +5.5/10.0
• 1% rule +3.6/10.0
• 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

Like new and fully transformed! This 3-bedroom, 2-bath home, originally built in 2006, underwent a thorough renovation in 2026 with no shortcuts taken — offering the style and feel of new construction without the wait. Featuring a brand-new roof, all new cabinets and countertops, updated sinks, toilets, plumbing fixtures, lighting, ceiling fans, and beautiful new flooring throughout. Fresh interior and exterior paint create a bright, modern aesthetic. The kitchen shines with stainless steel appliances, and the washer and dryer are included for true move-in-ready convenience. Garage door replaced in 2020. Enjoy peaceful living just outside city limits in a quiet area, while still being only a short distance from shopping and conveniences. Modern updates, peaceful location, and turnkey condition — this one checks all the boxes.

Key facts

• Updated toilets
• Brand new roof
• Updated sinks

Tags

• BRAND NEW ROOF
• NEW CABINETS
• NEW COUNTERTOPS
• UPDATED SINKS
• UPDATED TOILETS
• UPDATED PLUMBING FIXTURES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $167 ($2k/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 $190k (13.7% below list).
• Recommended offer: $190k (13.7% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 5.2% in Silver Springs Shores East — 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 D — 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: 431 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• At $1,899/mo this rent would consume 49% of the median local household income ($47k/yr) (locally 303% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 124 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $59k; list at $220k implies a 273% 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 $189,882 (13.7% below list)

Questions for the listing agent

1. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 14% 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.86% ✗
• Cap rate: 7.21%
• Cash-on-cash: 3.26%
• DSCR: 1.15
• GRM: 9.7

CMA / ARV

• ARV (median comp): $244,054
• List price: $220,000
• Delta: -9.86%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14 Fisher Way Trce	0.36mi	3/2.0	1,412 (+4%)	3mo	$285,000	$202	74
354 Fisher Way	0.40mi	3/2.0	1,292 (-5%)	4mo	$247,000	$191	70
293 Fisher Way	0.31mi	3/2.0	1,378 (+1%)	18mo	$258,000	$187	69
14 Fisher Terrace Run	0.42mi	3/2.0	1,399 (+3%)	21mo	$249,000	$178	59
8 Malauka Pass Pl	0.68mi	3/2.0	1,399 (+3%)	16mo	$244,000	$174	50
68 Malauka Pass Crse	0.62mi	3/2.0	1,439 (+6%)	16mo	$270,000	$188	49

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: -11.2%
• Equity multiple: 0.59×
• Total profit: $-25,077
• Equity at exit: $32,803

10-year hold

• IRR: -2.0%
• Equity multiple: 0.86×
• Total profit: $-8,462
• Equity at exit: $19,022

Cash invested: $61,600 (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 32179

• Home prices YoY: -18.3%
• Active inventory: 431
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,899 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$87 /mo · $1,048/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $167

Break-even live

Break-even rent $1,687

Max offer price $220,000

Occupancy floor 86%

Sensitivity live

Price	-10% $292	-5% $230	+0% $167	+5% $105	+10% $43
Rent	-10% $17	-5% $92	+0% $167	+5% $242	+10% $317
Rate	-1.0pp $278	-0.5pp $223	base $167	+0.5pp $110	+1.0pp $52

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
56 Fisher Way Pass Ocklawaha, FL	3.0	2.0	1311	$1,895	$1.45	22d	1	0.24mi
7 Fisher Trace Pl Ocklawaha, FL	3.0	2.0	1786	$1,765	$0.99	15d	1	0.36mi
3 Fisher Place Dr Ocklawaha, FL	3.0	2.0	1350	$1,640	$1.21	22d	1	1.26mi

Listing history 27 events

1. 2026-06-18
   days on market $220,000 Active 124 DOM
2. 2026-06-17
   days on market $220,000 Active 123 DOM
3. 2026-06-16
   days on market $220,000 Active 122 DOM
4. 2026-06-15
   days on market $220,000 Active 121 DOM
5. 2026-06-14
   days on market $220,000 Active 119 DOM
6. 2026-06-13
   days on market $220,000 Active 118 DOM
7. 2026-06-10
   days on market $220,000 Active 116 DOM
8. 2026-06-09
   days on market $220,000 Active 115 DOM
9. 2026-06-08
   days on market $220,000 Active 114 DOM
10. 2026-06-07
    pricedays on market $220,000 Active 113 DOM
11. 2026-06-03
    days on market $229,000 Active 109 DOM
12. 2026-06-02
    days on market $229,000 Active 108 DOM
13. 2026-06-01
    days on market $229,000 Active 107 DOM
14. 2026-05-31
    days on market $229,000 Active 106 DOM
15. 2026-05-30
    days on market $229,000 Active 105 DOM
16. 2026-04-13
    price $229,000 849-char remark

    Show marketing remark (849 chars)

    Like new and fully transformed! This 3-bedroom, 2-bath home, originally built in 2006, underwent a thorough renovation in 2026 with no shortcuts taken — offering the style and feel of new construction without the wait. Featuring a brand-new roof, all new cabinets and countertops, updated sinks, toilets, plumbing fixtures, lighting, ceiling fans, and beautiful new flooring throughout. Fresh interior and exterior paint create a bright, modern aesthetic. The kitchen shines with stainless steel appliances, and the washer and dryer are included for true move-in-ready convenience. Garage door replaced in 2020. Enjoy peaceful living just outside city limits in a quiet area, while still being only a short distance from shopping and conveniences. Modern updates, peaceful location, and turnkey condition — this one checks all the boxes.

17. 2026-03-23
    price $234,900 849-char remark

    Show marketing remark (849 chars)

    Like new and fully transformed! This 3-bedroom, 2-bath home, originally built in 2006, underwent a thorough renovation in 2026 with no shortcuts taken — offering the style and feel of new construction without the wait. Featuring a brand-new roof, all new cabinets and countertops, updated sinks, toilets, plumbing fixtures, lighting, ceiling fans, and beautiful new flooring throughout. Fresh interior and exterior paint create a bright, modern aesthetic. The kitchen shines with stainless steel appliances, and the washer and dryer are included for true move-in-ready convenience. Garage door replaced in 2020. Enjoy peaceful living just outside city limits in a quiet area, while still being only a short distance from shopping and conveniences. Modern updates, peaceful location, and turnkey condition — this one checks all the boxes.

18. 2026-02-26
    price $239,900 849-char remark

    Show marketing remark (849 chars)

    Like new and fully transformed! This 3-bedroom, 2-bath home, originally built in 2006, underwent a thorough renovation in 2026 with no shortcuts taken — offering the style and feel of new construction without the wait. Featuring a brand-new roof, all new cabinets and countertops, updated sinks, toilets, plumbing fixtures, lighting, ceiling fans, and beautiful new flooring throughout. Fresh interior and exterior paint create a bright, modern aesthetic. The kitchen shines with stainless steel appliances, and the washer and dryer are included for true move-in-ready convenience. Garage door replaced in 2020. Enjoy peaceful living just outside city limits in a quiet area, while still being only a short distance from shopping and conveniences. Modern updates, peaceful location, and turnkey condition — this one checks all the boxes.

19. 2026-02-14
    listed $249,900 Active 849-char remark

    Show marketing remark (849 chars)

    Like new and fully transformed! This 3-bedroom, 2-bath home, originally built in 2006, underwent a thorough renovation in 2026 with no shortcuts taken — offering the style and feel of new construction without the wait. Featuring a brand-new roof, all new cabinets and countertops, updated sinks, toilets, plumbing fixtures, lighting, ceiling fans, and beautiful new flooring throughout. Fresh interior and exterior paint create a bright, modern aesthetic. The kitchen shines with stainless steel appliances, and the washer and dryer are included for true move-in-ready convenience. Garage door replaced in 2020. Enjoy peaceful living just outside city limits in a quiet area, while still being only a short distance from shopping and conveniences. Modern updates, peaceful location, and turnkey condition — this one checks all the boxes.

20. 2011-05-26
    soldstatus $59,000 272-char remark

    Show marketing remark (272 chars)

    Bright and spacious newer home in a rural setting, but only minutes from city life. We're not sure if it was ever occupied, however the home will need an AC unit and kitchen appliances to be complete and perfect. This is NOT a short sale so expect a quick reply to offers.

21. 2011-03-02
    listed $59,900 272-char remark

    Show marketing remark (272 chars)

    Bright and spacious newer home in a rural setting, but only minutes from city life. We're not sure if it was ever occupied, however the home will need an AC unit and kitchen appliances to be complete and perfect. This is NOT a short sale so expect a quick reply to offers.

22. 2008-05-16
    historical
23. 2008-01-25
    listed $169,900
24. 2008-01-23
    historical
25. 2007-05-20
    listed $164,900
26. 2005-09-19
    soldstatus $1,371,700
27. 2005-09-19
    soldstatus $1,371,700

ⓘ 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: $1,048 · $87/mo
• Projected year-2 tax: $1,826 · $152/mo
• Expected delta: +$778/yr (+$65/mo · 74.2%)

ⓘ 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 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,786
• − Mortgage interest: −$12,323
• − Property taxes: −$1,048
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,823
• − Management: −$1,823
• − Depreciation: −$6,400
• Taxable loss: −$1,731
• Est. tax savings @ 24.0%: +$416
• After-tax cash flow: $2,424/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 Shores East

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Silver Springs Shores East, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 9,318
• Household income: $46,512
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 303.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 12% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -54.21%
• Current HPI: 242.0408
• 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

-83.3% since first listed

12 events — show timeline

• 2026-04-13 Price Changed $229,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $234,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-14 Listed $249,900 Stellar MLS as Distributed by MLS Grid
• 2011-05-26 Sold (MLS) $59,000 Stellar MLS as Distributed by MLS Grid
• 2011-03-02 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2008-05-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2008-01-25 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2008-01-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-05-20 Listed $164,900 Stellar MLS as Distributed by MLS Grid
• 2005-09-19 Sold (Public Records) $1,371,700 Public Records
• 2005-09-19 Sold (Public Records) $1,371,700 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,048 · +26.3% YoY. Source: county tax records.