303 Oak Track Trl · Silver Springs Shores, FL 34472

$259,900

3 bd · 2.0 ba · 1,697 sqft · SingleFamily public records · 13 Days on market

Built 1989 0.46 ac lot Est $219k · 19% over $12/mo HOA · 1% of rent

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Why this score? — see what drove the F 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 +8.5/30.0
• Appreciation +8.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• 1% rule +1.8/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Sold Data Only. Listing agent was Sherry Smith with Bricks & Mortar Real Estate And Development

Key facts

• 2015 roof
• Spacious backyard
• Newer water heater

Tags

• 2015 ROOF
• NEWER WATER HEATER
• GRANITE COUNTERTOPS
• SPACIOUS BACKYARD

Property features AI

Finance

• Other: Lot approximately 0.46 acres (lot dimensions 101 x 197 x 99 x 199); Lot is cleared and paved; paved road access; No waterfront; Homestead status
• HOA & community: Has HOA (Lake Joy Homeowners) with annual fee of $145 (monthly equivalent $12.08); HOA includes grounds maintenance; Association approval required; Pets allowed

Exterior

• Parking: Attached garage; 2-car garage; Garage door opener
• Utilities: Public water; Public sewer; Electricity connected
• Home design: Single family residence; One story; Southwest facing; Residential property
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built with additional building area (per public records)
• Exterior features: Covered patio; Patio; Wood fencing; Shed(s)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: Eat-in kitchen; High ceilings; Walk-in closet(s)
• Laundry & utility: Washer; Dryer; Laundry located in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $-229 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (15.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $177k (32.0% below list).
• Recommended offer: $177k (32.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 68/100 on livability (#527 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime C-, employment D, amenities 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.
• Zoned schools: Emerald Shores Elementary School (math 30% / reading 34%, grade F, #1,797 of 2,144 statewide, top 86%, 666 students, 74% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Zoned-school proficiency averages 30% at this address vs 42% district-wide (-12 pts) — the specific schools serving this property underperform the Marion average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 682 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 33% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $17k of equity ($2k loan paydown + $15k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 3, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 7y 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 $70k; list at $260k implies a 271% 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,730 (32.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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. 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?
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: 0.68% ✗
• Cap rate: 5.24%
• Cash-on-cash: -3.78%
• DSCR: 0.83
• GRM: 12.3

CMA / ARV

• ARV (on-the-fly): $218,913
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
311 Oak Track Dr	0.15mi	3/2.0	1,806 (+6%)	9mo	$206,000	$114	75
275 Emerald Rd	0.28mi	4/2.0 (+1)	1,683 (-1%)	22mo	$296,000	$176	63
235 Oak Lane Loop	0.29mi	3/2.0	1,445 (-15%)	15mo	$155,000	$107	49
226 Locust Ln	0.61mi	3/2.0	1,550 (-9%)	10mo	$287,000	$185	48
201 Emerald Loop Pass	0.56mi	3/2.0	1,934 (+14%)	14mo	$250,000	$129	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 11.2%
• Equity multiple: 1.75×
• Total profit: $54,437
• Equity at exit: $162,277

10-year hold

• IRR: 11.5%
• Equity multiple: 3.24×
• Total profit: $162,819
• Equity at exit: $293,331

Cash invested: $72,772 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 682
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,767 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$142 /mo · $1,704/yr
• Insurance: −$108
• HOA: −$12
• Vacancy / Maint / Mgmt: −$371
• Net cashflow: $-229

Break-even live

Break-even rent $2,057

Max offer price $219,433

Occupancy floor —

Sensitivity live

Price	-10% $-82	-5% $-156	+0% $-229	+5% $-303	+10% $-376
Rent	-10% $-369	-5% $-299	+0% $-229	+5% $-159	+10% $-89
Rate	-1.0pp $-98	-0.5pp $-163	base $-229	+0.5pp $-296	+1.0pp $-365

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
217 Locust Pass Crse Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	0.31mi
325 Oak Track Ct Ocala, FL	3.0	2.0	1163	$1,550	$1.33	22d	1	0.38mi
202 Oak Lane Cir Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	0.58mi
219 Locust Ln Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	0.65mi
342 Locust Pass Ocala, FL	3.0	2.0	1232	$1,650	$1.34	15d	1	1.07mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	22d	1	1.07mi

HOA detail

• Monthly dues: $12 · $144/yr

Listing history 11 events

1. 2026-06-21
   remarks 564-char remark
2. 2026-06-21
   statusdays on market $259,900 Pending 13 DOM
3. 2026-06-18
   days on market $259,900 Active 10 DOM
4. 2026-06-17
   days on market $259,900 Active 9 DOM
5. 2026-06-16
   days on market $259,900 Active 8 DOM
6. 2026-06-15
   days on market $259,900 Active 7 DOM
7. 2026-06-14
   days on market $259,900 Active 5 DOM
8. 2026-06-13
   days on market $259,900 Active 4 DOM
9. 2026-06-10
   days on market $259,900 Active 2 DOM
10. 2026-06-09
    remarks 524-char remark
11. 2026-06-09
    listed $259,900 Active 1 DOM

ⓘ 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: $1,704 · $142/mo
• Projected year-2 tax: $2,157 · $180/mo
• Expected delta: +$453/yr (+$38/mo · 26.6%)

ⓘ 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 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,208
• − Mortgage interest: −$14,558
• − Property taxes: −$1,704
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,697
• − Management: −$1,697
• − HOA: −$144
• − Depreciation: −$7,561
• Taxable loss: −$7,452
• Est. tax savings @ 24.0%: +$1,789
• After-tax cash flow: $-960/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

• Score: 68/100
• State rank: #527
• US rank: #9854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Silver Springs Shores, FL
• County: Marion County · 315,796 people
• City population: 34,665
• Metro: Ocala, FL
• Population (ZIP): 35,851
• Household income: $64,208
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 655.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 50% Hispanic / Latino 25% Black 21% Two or more races 18% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Cuban 3%
• Common ancestry: Romanian 2% Iranian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 78% English-only · Spanish 19% Other Indo-European 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: ▲ 5.93%
• Current HPI: 255.0714
• Rent YoY: ▲ 0.17%
• 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

+179.5% since first listed

8 events — show timeline

• 2026-06-08 Listed $259,900 Stellar MLS as Distributed by MLS Grid
• 2019-05-02 Sold (Public Records) $70,000 Public Records
• 2019-04-30 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2019-04-30 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2019-04-30 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2019-03-25 Listed $134,900 Stellar MLS as Distributed by MLS Grid
• 2003-10-07 Sold (Public Records) $105,000 Public Records
• 1989-04-01 Sold (Public Records) $93,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $1,704 · +16.6% YoY. Source: county tax records.