15 NE 63rd Ct · Silver Springs, FL 34470

$185,000

3 bd · 2.0 ba · 1,338 sqft · Manufactured public records · 6 Days on market

Built 1975 0.28 ac lot Est $155k · 19% over $150/mo HOA · 9% of rent

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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 +15.6/30.0
• DSCR +4.8/10.0
• 1% rule +4.2/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

It pays to live in Ocala! Own a large fully renovated corner lot yard home with 3 bedroom, 2 baths and laundry area, great Florida room plus wonderful screened-in lanai. Kitchen and bathrooms offer ALL NEW cabinetry with granite countertops, laminate floorings through out the house, brand new fixtures and new paint throughout. The HOA fee includes water, sewer, trash, yard waste and recycling pick-up, use of clubhouse, pool, workout room, and library. There is an RV yard at the end of the road for those of you who loves to explore the nation. Ready for new owners! Buyer is highly encourage to verify HOA disclosures, room sizes, and school zoning.

Key facts

• Fully renovated
• Corner lot yard
• Screened-in lanai

Tags

• FULLY RENOVATED
• CORNER LOT YARD
• FLORIDA ROOM
• SCREENED-IN LANAI
• NEW CABINETRY
• GRANITE COUNTERTOPS

Property features AI

Finance

• Other: Total acreage: 1/4 to less than 1/2; Lot dimensions approximately 119 x 103; Planned unit development
• Financial info: No lease restrictions indicated
• HOA & community: Ocala East Villas association with a $150 monthly fee; Clubhouse; Golf carts allowed; Cats and dogs permitted

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Septic tank; Broadband/high-speed internet available; Electricity connected
• Home design: Residential modular home; One story; Faces west; Entry on one level
• Construction: Vinyl siding and frame construction; Metal roof; Crawlspace foundation; Built as modular
• Exterior features: Rain gutters; Other exterior features; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Laminate flooring; Linoleum flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan; Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $185k.

Deal economics

• At list price, monthly cash flow is $77 ($920/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 $170k (8.0% below list).
• Recommended offer: $170k (8.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.6% in Silver Springs — 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.
• Zoned schools: Ward-Highlands Elementary School (math 60% / reading 55%, grade C+, #764 of 2,144 statewide, top 36%, 959 students, 59% FRL); Fort King Middle School (math 37% / reading 35%, grade F, #410 of 571 statewide, top 72%, 1,092 students, 71% FRL); Vanguard High School (math 22% / reading 48%, grade F, #379 of 667 statewide, top 58%, 1,661 students, 59% FRL) — zoned schools at 63% FRL track the district average.
• Market conditions: Rents soft (-0.1%/yr); 297 active listings in the ZIP; 10 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).
• This rent runs 39% 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 $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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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 $185k implies a 164% 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 $170,183 (8.0% below list)

Questions for the listing agent

1. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 0.92% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.78%
• DSCR: 1.08
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $155,208
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25 NE 66th Ct	0.26mi	3/2.0	1,338 (0%)	7mo	$114,900	$86	82
6500 NE 3rd St	0.25mi	2/2.0 (-1)	1,244 (-7%)	2mo	$144,900	$116	70
6786 NE 5th Pl	0.52mi	2/2.0 (-1)	1,243 (-7%)	6mo	$118,000	$95	54
9 SE 70th Cir	0.60mi	3/2.0	1,166 (-13%)	7mo	$185,000	$159	44

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: -16.9%
• Equity multiple: 0.42×
• Total profit: $-30,061
• Equity at exit: $27,584

10-year hold

• IRR: -15.4%
• Equity multiple: 0.25×
• Total profit: $-39,082
• Equity at exit: $15,995

Cash invested: $51,800 (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 34470

• Home prices YoY: -27.6%
• Rents YoY: -0.1%
• Active inventory: 297
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,702 high
• Mortgage (P&I): −$970
• Tax from tax record: −$70 /mo · $846/yr
• Insurance: −$77
• HOA: −$150
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $77

Break-even live

Break-even rent $1,605

Max offer price $185,000

Occupancy floor 90%

Sensitivity live

Price	-10% $181	-5% $129	+0% $77	+5% $24	+10% $-28
Rent	-10% $-58	-5% $9	+0% $77	+5% $144	+10% $211
Rate	-1.0pp $170	-0.5pp $124	base $77	+0.5pp $29	+1.0pp $-20

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15 NE 63rd Ct Ocala, FL	3.0	2.0	1500	$1,700	$1.13	23d	1	0.04mi
6772 NE 1st St Unit Na Ocala, FL	3.0	2.0	1300	$1,500	$1.15	15d	1	0.33mi
100 SE 68th Ct Ocala, FL	3.0	2.0	1612	$1,850	$1.15	23d	1	0.39mi
6001 SE 4th Pl Ocala, FL	3.0	2.0	1865	$2,295	$1.23	15d	1	0.40mi
6859 NE 1st Pl Ocala, FL	3.0	2.0	1250	$1,400	$1.12	23d	1	0.41mi
6858 NE 2nd Loop Ocala, FL	2.0	2.0	950	$1,250	$1.32	23d	1	0.49mi
5725 SE 3rd Pl Ocala, FL	3.0	2.0	1608	$1,550	$0.96	23d	1	0.51mi
1503 Peachtree Ln Ocala, FL	2.0	2.0	1152	$1,450	$1.26	23d	1	0.96mi
4907 NE 6th St Ocala, FL	3.0	2.0	1864	$2,200	$1.18	23d	1	1.36mi
6688 Cherry Rd Ocala, FL	3.0	2.0	1270	$1,950	$1.54	15d	1	1.37mi

HOA detail

• Monthly dues: $150 · $1,800/yr
• Likely covers: watersewertrashpool

Listing history 5 events

1. 2026-06-21
   days on market $185,000 Active 6 DOM
2. 2026-06-18
   days on market $185,000 Active 3 DOM
3. 2026-06-17
   days on market $185,000 Active 2 DOM
4. 2026-06-15
   remarks 654-char remark
5. 2026-06-15
   listed $185,000 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: $846 · $70/mo
• Projected year-2 tax: $1,536 · $128/mo
• Expected delta: +$690/yr (+$57/mo · 81.5%)

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

Taxation est. · year 1

• Rental income: $20,422
• − Mortgage interest: −$10,363
• − Property taxes: −$846
• − Insurance: −$925
• − Repairs & maintenance: −$1,634
• − Management: −$1,634
• − HOA: −$1,800
• − Depreciation: −$5,382
• Taxable loss: −$2,161
• Est. tax savings @ 24.0%: +$519
• After-tax cash flow: $1,439/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

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

Census & demographics

• County: Marion County · 315,796 people
• 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

+164.3% since first listed

5 events — show timeline

• 2026-06-15 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-02 Listed for Rent $1,700 REDFIN
• 2025-08-22 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-02 Listed $190,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-25 Sold (Public Records) $70,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $846 · +36.6% YoY. Source: county tax records.