5947 SW 98th Street Rd · Liberty Triangle, FL 34476

$178,000

2 bd · 2.0 ba · 1,158 sqft · SingleFamily public records · 70 Days on market

Built 2003 8,276 sqft lot $154/sqft · 16% below area Est $212k · 16% under $328/mo HOA · 19% 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).

• ARV discount +14.7/15.0
• Cash flow +7.7/30.0
• 1% rule +4.5/10.0
• Schools +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully maintained 2-bedroom, 2-bath home with a 2-car garage in the desirable 55+ community of Cherrywood Estates—where comfort, convenience, and lowmaintenance living come together. Step inside to discover a bright and inviting layout designed for easy living. The wellappointed kitchen features stainless steel appliances and abundant cabinetry, providing both style and functionality for everyday cooking and entertaining. Enjoy year-round relaxation in the enclosed Florida room, complete with heat and air, and accessible through sliding glass doors—perfect for morning coffee or unwinding while overlooking your private backyard. Just outside, a dedicated concrete patio area offers the ideal space for grilling and outdoor gatherings. The spacious primary suite includes a walk-in closet and ceiling fan, along with an ensuite bath featuring a step-in shower with glass doors for added comfort and convenience. The second bedroom is perfectly sized for guests, a home office, or hobby space, while the second bathroom includes a tub/shower combination. Located in Ocala, Cherrywood Estates offers a welcoming atmosphere and convenient access to shopping, dining, and everyday essentials. With its thoughtful layout, indoor-outdoor living spaces, and prime location, this home is a fantastic opportunity to enjoy the Florida lifestyle. Schedule your private showing today—this one won’t last long!

Key facts

• Walk-in closet
• Step-in shower
• 8,276 sq ft lot

Tags

• STAINLESS STEEL APPLIANCES
• ENCLOSED FLORIDA ROOM
• DEDICATED CONCRETE PATIO
• WALK-IN CLOSET
• STEP-IN SHOWER

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $178k.

Deal economics

• At list price, monthly cash flow is $-203 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $142k (20.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $168k (5.5% below list).
• Recommended offer: $142k (20.2% below list) — sets the bar for cash-flow.

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: Rents soft (-2.6%/yr); 852 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 31% of the median local income ($66k/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 70 days — a 6% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $17k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $142,066 (20.2% 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. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 0.95% ✗
• Cap rate: 4.92%
• Cash-on-cash: -4.90%
• DSCR: 0.78
• GRM: 8.8

CMA / ARV

• ARV (median comp): $211,703
• List price: $178,000
• Delta: -15.92%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6070 SW 98th Loop	0.18mi	2/2.0	1,320 (+14%)	12mo	$179,900	$136	58
9881 SW 59th Cir	0.26mi	2/2.0	1,299 (+12%)	20mo	$203,999	$157	52
10131 SW 62nd Terrace Rd	0.52mi	2/2.0	1,008 (-13%)	5mo	$155,000	$154	50
10202 SW 61st Terrace Rd	0.41mi	2/2.0	1,292 (+12%)	18mo	$212,500	$164	46
6250 SW 100th Loop	0.53mi	2/2.0	996 (-14%)	8mo	$175,000	$176	45

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: -28.9%
• Equity multiple: 0.07×
• Total profit: $-46,519
• Equity at exit: $26,540

10-year hold

• IRR: -54.0%
• Equity multiple: -0.51×
• Total profit: $-75,388
• Equity at exit: $15,390

Cash invested: $49,840 (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 34476

• Rents YoY: -2.6%
• Active inventory: 852
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,683 high
• Mortgage (P&I): −$933
• Tax from tax record: −$197 /mo · $2,364/yr
• Insurance: −$74
• HOA: −$328
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $-203

Break-even live

Break-even rent $1,940

Max offer price $142,066

Occupancy floor —

Sensitivity live

Price	-10% $-103	-5% $-153	+0% $-203	+5% $-254	+10% $-304
Rent	-10% $-336	-5% $-270	+0% $-203	+5% $-137	+10% $-70
Rate	-1.0pp $-114	-0.5pp $-158	base $-203	+0.5pp $-250	+1.0pp $-296

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: $44,500
• Closing costs: $5,340
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6035 SW 98th Street Rd Ocala, FL	2.0	2.0	1494	$1,650	$1.10	14d	1	0.15mi
9853 SW 59th Cir Ocala, FL	2.0	1.0	935	$1,500	$1.60	14d	1	0.23mi
10312 SW 61st Terrace Rd Ocala, FL	2.0	2.0	1008	$1,650	$1.64	21d	1	0.58mi
14173 SW 60th Ter Unit 2 Ocala, FL	2.0	2.0	1127	$1,450	$1.29	21d	1	0.88mi
7177 SW 92nd St Ocala, FL	3.0	2.5	1410	$1,850	$1.31	21d	1	1.06mi
7195 SW 92nd St Ocala, FL	3.0	2.5	1220	$1,750	$1.43	21d	1	1.11mi
6345 SW 115th Street Rd Ocala, FL	2.0	2.0	1008	$1,400	$1.39	21d	1	1.35mi
10912 SW 69th Cir Ocala, FL	2.0	2.0	1169	$1,600	$1.37	21d	1	1.49mi

HOA detail

• Monthly dues: $328 · $3,936/yr

Listing history 24 events

1. 2026-06-18
   days on market $178,000 Active 70 DOM
2. 2026-06-17
   days on market $178,000 Active 69 DOM
3. 2026-06-16
   days on market $178,000 Active 68 DOM
4. 2026-06-15
   days on market $178,000 Active 67 DOM
5. 2026-06-14
   days on market $178,000 Active 65 DOM
6. 2026-06-13
   pricedays on market $178,000 Active 64 DOM
7. 2026-06-10
   days on market $181,000 Active 62 DOM
8. 2026-06-09
   days on market $181,000 Active 61 DOM
9. 2026-06-08
   days on market $181,000 Active 60 DOM
10. 2026-06-07
    days on market $181,000 Active 59 DOM
11. 2026-06-03
    days on market $181,000 Active 55 DOM
12. 2026-06-02
    days on market $181,000 Active 54 DOM
13. 2026-06-01
    days on market $181,000 Active 53 DOM
14. 2026-05-31
    days on market $181,000 Active 52 DOM
15. 2026-05-30
    days on market $181,000 Active 51 DOM
16. 2026-05-14
    price $185,000 1458-char remark

    Show marketing remark (1458 chars)

    Welcome to this beautifully maintained 2-bedroom, 2-bath home with a 2-car garage in the desirable 55+ community of Cherrywood Estates—where comfort, convenience, and lowmaintenance living come together. Step inside to discover a bright and inviting layout designed for easy living. The wellappointed kitchen features stainless steel appliances and abundant cabinetry, providing both style and functionality for everyday cooking and entertaining. Enjoy year-round relaxation in the enclosed Florida room, complete with heat and air, and accessible through sliding glass doors—perfect for morning coffee or unwinding while overlooking your private backyard. Just outside, a dedicated concrete patio area offers the ideal space for grilling and outdoor gatherings. The spacious primary suite includes a walk-in closet and ceiling fan, along with an ensuite bath featuring a step-in shower with glass doors for added comfort and convenience. The second bedroom is perfectly sized for guests, a home office, or hobby space, while the second bathroom includes a tub/shower combination. Located in Ocala, Cherrywood Estates offers a welcoming atmosphere and convenient access to shopping, dining, and everyday essentials. With its thoughtful layout, indoor-outdoor living spaces, and prime location, this home is a fantastic opportunity to enjoy the Florida lifestyle. Schedule your private showing today—this one won’t last long!

17. 2026-04-30
    price $190,000 1458-char remark

    Show marketing remark (1458 chars)

    Welcome to this beautifully maintained 2-bedroom, 2-bath home with a 2-car garage in the desirable 55+ community of Cherrywood Estates—where comfort, convenience, and lowmaintenance living come together. Step inside to discover a bright and inviting layout designed for easy living. The wellappointed kitchen features stainless steel appliances and abundant cabinetry, providing both style and functionality for everyday cooking and entertaining. Enjoy year-round relaxation in the enclosed Florida room, complete with heat and air, and accessible through sliding glass doors—perfect for morning coffee or unwinding while overlooking your private backyard. Just outside, a dedicated concrete patio area offers the ideal space for grilling and outdoor gatherings. The spacious primary suite includes a walk-in closet and ceiling fan, along with an ensuite bath featuring a step-in shower with glass doors for added comfort and convenience. The second bedroom is perfectly sized for guests, a home office, or hobby space, while the second bathroom includes a tub/shower combination. Located in Ocala, Cherrywood Estates offers a welcoming atmosphere and convenient access to shopping, dining, and everyday essentials. With its thoughtful layout, indoor-outdoor living spaces, and prime location, this home is a fantastic opportunity to enjoy the Florida lifestyle. Schedule your private showing today—this one won’t last long!

18. 2026-04-09
    listed $195,000 Active 1458-char remark

    Show marketing remark (1458 chars)

    Welcome to this beautifully maintained 2-bedroom, 2-bath home with a 2-car garage in the desirable 55+ community of Cherrywood Estates—where comfort, convenience, and lowmaintenance living come together. Step inside to discover a bright and inviting layout designed for easy living. The wellappointed kitchen features stainless steel appliances and abundant cabinetry, providing both style and functionality for everyday cooking and entertaining. Enjoy year-round relaxation in the enclosed Florida room, complete with heat and air, and accessible through sliding glass doors—perfect for morning coffee or unwinding while overlooking your private backyard. Just outside, a dedicated concrete patio area offers the ideal space for grilling and outdoor gatherings. The spacious primary suite includes a walk-in closet and ceiling fan, along with an ensuite bath featuring a step-in shower with glass doors for added comfort and convenience. The second bedroom is perfectly sized for guests, a home office, or hobby space, while the second bathroom includes a tub/shower combination. Located in Ocala, Cherrywood Estates offers a welcoming atmosphere and convenient access to shopping, dining, and everyday essentials. With its thoughtful layout, indoor-outdoor living spaces, and prime location, this home is a fantastic opportunity to enjoy the Florida lifestyle. Schedule your private showing today—this one won’t last long!

19. 2026-03-24
    soldstatus $181,800
20. 2023-09-13
    soldstatus $187,000 Closed 913-char remark

    Show marketing remark (913 chars)

    This very nice 2 bedroom, 2 bath 2 car garage home is located in the 55+ neighborhood of Cherrywood Estates. The roof is a 2020. HVAC is a 2017 and Hot Water Heater is a 2014. Also a water softener system is included. There is neutral carpet in the living area and bedrooms. Wood look vinyl flooring throughout the rest of the home. The kitchen features a stainless steel range and dishwasher along with a white refrigerator. The laundry room has a new washer and dryer. There is a slider leading to the enclosed Florida room with heat and air. It is overlooking your private backyard. You will also notice a concrete pad for an outdoor patio/grilling area. The master bedroom has a walk in closet and ceiling fan. Master bath has a step in shower with doors. The second bedroom is the perfect size for guests or an office. Second bath features tub/shower combo. Don't wait to make your appointment to view today!

21. 2023-08-07
    status Pending 913-char remark

    Show marketing remark (913 chars)

    This very nice 2 bedroom, 2 bath 2 car garage home is located in the 55+ neighborhood of Cherrywood Estates. The roof is a 2020. HVAC is a 2017 and Hot Water Heater is a 2014. Also a water softener system is included. There is neutral carpet in the living area and bedrooms. Wood look vinyl flooring throughout the rest of the home. The kitchen features a stainless steel range and dishwasher along with a white refrigerator. The laundry room has a new washer and dryer. There is a slider leading to the enclosed Florida room with heat and air. It is overlooking your private backyard. You will also notice a concrete pad for an outdoor patio/grilling area. The master bedroom has a walk in closet and ceiling fan. Master bath has a step in shower with doors. The second bedroom is the perfect size for guests or an office. Second bath features tub/shower combo. Don't wait to make your appointment to view today!

22. 2023-07-11
    price $194,900 913-char remark

    Show marketing remark (913 chars)

    This very nice 2 bedroom, 2 bath 2 car garage home is located in the 55+ neighborhood of Cherrywood Estates. The roof is a 2020. HVAC is a 2017 and Hot Water Heater is a 2014. Also a water softener system is included. There is neutral carpet in the living area and bedrooms. Wood look vinyl flooring throughout the rest of the home. The kitchen features a stainless steel range and dishwasher along with a white refrigerator. The laundry room has a new washer and dryer. There is a slider leading to the enclosed Florida room with heat and air. It is overlooking your private backyard. You will also notice a concrete pad for an outdoor patio/grilling area. The master bedroom has a walk in closet and ceiling fan. Master bath has a step in shower with doors. The second bedroom is the perfect size for guests or an office. Second bath features tub/shower combo. Don't wait to make your appointment to view today!

23. 2023-07-09
    listed $294,900 Active 913-char remark

    Show marketing remark (913 chars)

    This very nice 2 bedroom, 2 bath 2 car garage home is located in the 55+ neighborhood of Cherrywood Estates. The roof is a 2020. HVAC is a 2017 and Hot Water Heater is a 2014. Also a water softener system is included. There is neutral carpet in the living area and bedrooms. Wood look vinyl flooring throughout the rest of the home. The kitchen features a stainless steel range and dishwasher along with a white refrigerator. The laundry room has a new washer and dryer. There is a slider leading to the enclosed Florida room with heat and air. It is overlooking your private backyard. You will also notice a concrete pad for an outdoor patio/grilling area. The master bedroom has a walk in closet and ceiling fan. Master bath has a step in shower with doors. The second bedroom is the perfect size for guests or an office. Second bath features tub/shower combo. Don't wait to make your appointment to view today!

24. 2003-05-13
    soldstatus $87,600

ⓘ 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: $2,364 · $197/mo
• Projected year-2 tax: $2,364 · $197/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 4/10 Moderate
• 🌡 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,191
• − Mortgage interest: −$9,971
• − Property taxes: −$2,364
• − Insurance: −$890
• − Repairs & maintenance: −$1,615
• − Management: −$1,615
• − HOA: −$3,936
• − Depreciation: −$5,178
• Taxable loss: −$5,379
• Est. tax savings @ 24.0%: +$1,291
• After-tax cash flow: $-1,150/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 — Liberty Triangle

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

Census & demographics

• Census place: Liberty Triangle, FL
• County: Marion County · 315,796 people
• City population: 26,397
• Metro: Ocala, FL
• Population (ZIP): 28,997
• Household income: $65,860
• Rent vs Own: 12.3% rent · 87.7% own
• Severe rent burden: 204.0

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 0.55)
• Race & ethnicity: White 63% Hispanic / Latino 18% Black 13% Two or more races 10% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 8% Cuban 3%
• Common ancestry: Romanian 3% Slovak 3% Lithuanian 3%
• Foreign-born: 15% · Canada, Jamaica, Dominican Republic
• Languages at home: 83% English-only · Spanish 14% Other Indo-European 1% German/W. Germanic 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: ▼ -105.22%
• Current HPI: 189.0869
• Rent YoY: ▼ -2.57%
• 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

+111.2% since first listed

9 events — show timeline

• 2026-05-14 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Sold (Public Records) $181,800 Public Records
• 2023-09-13 Sold (MLS) $187,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-07-11 Price Changed $194,900 Stellar MLS as Distributed by MLS Grid
• 2023-07-09 Listed $294,900 Stellar MLS as Distributed by MLS Grid
• 2003-05-13 Sold (Public Records) $87,600 Public Records

Property tax history

+12.7%/yr

Latest (2025): $2,364 · +6.5% YoY. Source: county tax records.