62 Malauka Radl · Silver Springs Shores East, FL 32179

$229,990

3 bd · 2.0 ba · 1,287 sqft · Land · 143 Days on market

Built 2026 10,454 sqft lot $179/sqft · at area comps Est $241k · at est.

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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).

• ARV discount +9.6/15.0
• Cash flow +8.9/30.0
• Schools +3.6/10.0
• 1% rule +2.7/10.0
• DSCR +2.5/10.0
• 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

Welcome to the Lynnette by Shamrock Construction! Nestled in the peaceful community of Ocklawaha, Florida, this stunning new-construction home is surrounded by lakes, natural beauty, and a true sense of serenity. Enjoy being just minutes from Lake Weir and the Ocklawaha River, where you can take advantage of endless outdoor activities—boating, fishing, kayaking, and waterfront dining at local lake-view restaurants. This 3-bedroom, 2-bath home showcases modern finishes and upgraded amenities throughout, including an open-concept layout, luxury vinyl plank flooring, granite countertops, stainless-steel appliances, and energy-efficient features designed for comfortable living. Whether you’re looking for a weekend retreat or your forever home, the Lynnette combines quality craftsmanship with the tranquil Florida lifestyle. Approximate travel time: 25–30 minutes from I-75 Approximate distance: 18–20 miles 4.5 to 5 miles from Lake Weir — depending on which part of the lake you go to. That’s about:     •  10–12 minutes driving to the Carney Island Recreation & Conservation Area (southwest side of Lake Weir)     •  12–15 minutes to Gator Joe’s Beach Bar & Grill (north shore, popular waterfront restaurant)     •  15 minutes to Eaton’s Beach Sandbar & Grill (western shore, beach and restaurant area) So it’s very close — perfect for boating, jet skiing, swimming, or dining on the lake. Photos shown are from a completed model, colors and finishes may vary. We have finished homes available now for you to tour and experience the quality firsthand. Call for questions. Information provided by the owner or taken from Marion County Property Appraiser. All information is deemed to be true and correct, however, Integrity Realty Services LLC and its agents are not responsible for any inaccurate information.

Key facts

• Close to boating
• Close to dining
• Open concept layout

Tags

• NEW CONSTRUCTION HOME
• OPEN CONCEPT LAYOUT
• ENERGY EFFICIENT FEATURES
• MINUTES FROM LAKE WEIR
• CLOSE TO BOATING
• CLOSE TO DINING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $230k.

Deal economics

• At list price, monthly cash flow is $-310 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $185k (19.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (22.7% below list).
• Recommended offer: $178k (22.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade F — 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: Stanton-Weirsdale Elementary School (math 42% / reading 36%, grade F, #1,560 of 2,144 statewide, top 73%, 544 students, 70% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 431 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).
• At $1,778/mo this rent would consume 46% 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 143 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $28k; list at $230k implies a 736% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $177,787 (22.7% 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 143 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 0.77% ✗
• Cap rate: 5.33%
• Cash-on-cash: -3.45%
• DSCR: 0.85
• GRM: 10.8

CMA / ARV

• ARV (median comp): $241,135
• List price: $229,990
• Delta: -4.62%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -26.1%
• Equity multiple: 0.12×
• Total profit: $-56,915
• Equity at exit: $34,292

10-year hold

• IRR: -22.8%
• Equity multiple: -0.16×
• Total profit: $-74,571
• Equity at exit: $19,885

Cash invested: $64,397 (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: 10.8×

Monthly cashflow live

• Estimated rent: $1,778 high
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$287 /mo · $3,450/yr
• Insurance: −$96
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $-310

Break-even live

Break-even rent $2,170

Max offer price $185,118

Occupancy floor —

Sensitivity live

Price	-10% $-151	-5% $-231	+0% $-310	+5% $-390	+10% $-469
Rent	-10% $-451	-5% $-380	+0% $-310	+5% $-240	+10% $-170
Rate	-1.0pp $-194	-0.5pp $-252	base $-310	+0.5pp $-370	+1.0pp $-430

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: $57,498
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
122 Malauka Loop Ocklawaha, FL	3.0	2.0	1323	$1,675	$1.27	23d	1	0.29mi
35 Malauka Cir Ocklawaha, FL	3.0	2.0	1371	$1,700	$1.24	23d	1	0.33mi
1 Malauka Radial Cir Ocklawaha, FL	4.0	2.0	1747	$1,995	$1.14	15d	1	0.36mi
24 Malauka Loop Pl Ocklawaha, FL	3.0	2.0	1319	$1,625	$1.23	15d	1	0.49mi
205 Malauka Loop Ocklawaha, FL	3.0	2.0	1311	$1,695	$1.29	15d	1	0.51mi
17 Malauka Loop Pl Ocklawaha, FL	3.0	2.0	1322	$1,550	$1.17	15d	1	0.56mi
3 Fisher Place Dr Ocklawaha, FL	3.0	2.0	1350	$1,640	$1.21	23d	1	0.67mi
338 Malauka Loop Ocklawaha, FL	3.0	2.0	1311	$1,895	$1.45	15d	1	0.71mi
9 Malauka Loop Ocklawaha, FL	3.0	2.0	1389	$1,625	$1.17	23d	1	0.82mi
9 Malauka Loop Ln Ocklawaha, FL	3.0	2.0	1319	$1,625	$1.23	23d	1	0.82mi

Listing history 17 events

1. 2026-06-22
   days on market $229,990 Active 143 DOM
2. 2026-06-18
   days on market $229,990 Active 140 DOM
3. 2026-06-17
   days on market $229,990 Active 139 DOM
4. 2026-06-16
   days on market $229,990 Active 138 DOM
5. 2026-06-15
   days on market $229,990 Active 137 DOM
6. 2026-06-14
   days on market $229,990 Active 135 DOM
7. 2026-06-13
   days on market $229,990 Active 134 DOM
8. 2026-06-10
   days on market $229,990 Active 132 DOM
9. 2026-06-09
   days on market $229,990 Active 131 DOM
10. 2026-06-08
    days on market $229,990 Active 130 DOM
11. 2026-06-07
    days on market $229,990 Active 129 DOM
12. 2026-06-03
    days on market $229,990 Active 125 DOM
13. 2026-06-02
    days on market $229,990 Active 124 DOM
14. 2026-05-31
    days on market $229,990 Active 122 DOM
15. 2026-05-30
    days on market $229,990 Active 121 DOM
16. 2026-01-29
    listed $229,990 Active 2011-char remark

    Show marketing remark (2011 chars)

    Welcome to the Lynnette by Shamrock Construction! Nestled in the peaceful community of Ocklawaha, Florida, this stunning new-construction home is surrounded by lakes, natural beauty, and a true sense of serenity. Enjoy being just minutes from Lake Weir and the Ocklawaha River, where you can take advantage of endless outdoor activities—boating, fishing, kayaking, and waterfront dining at local lake-view restaurants. This 3-bedroom, 2-bath home showcases modern finishes and upgraded amenities throughout, including an open-concept layout, luxury vinyl plank flooring, granite countertops, stainless-steel appliances, and energy-efficient features designed for comfortable living. Whether you’re looking for a weekend retreat or your forever home, the Lynnette combines quality craftsmanship with the tranquil Florida lifestyle. Approximate travel time: 25–30 minutes from I-75 Approximate distance: 18–20 miles 4.5 to 5 miles from Lake Weir — depending on which part of the lake you go to. That’s about:     •  10–12 minutes driving to the Carney Island Recreation & Conservation Area (southwest side of Lake Weir)     •  12–15 minutes to Gator Joe’s Beach Bar & Grill (north shore, popular waterfront restaurant)     •  15 minutes to Eaton’s Beach Sandbar & Grill (western shore, beach and restaurant area) So it’s very close — perfect for boating, jet skiing, swimming, or dining on the lake. Photos shown are from a completed model, colors and finishes may vary. We have finished homes available now for you to tour and experience the quality firsthand. Call for questions. Information provided by the owner or taken from Marion County Property Appraiser. All information is deemed to be true and correct, however, Integrity Realty Services LLC and its agents are not responsible for any inaccurate information.

17. 2006-01-12
    soldstatus $27,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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: $21,334
• − Mortgage interest: −$12,883
• − Property taxes: −$3,450
• − Insurance: −$2,652
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$6,691
• Taxable loss: −$7,755
• Est. tax savings @ 24.0%: +$1,861
• After-tax cash flow: $-1,860/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

+736.3% since first listed

2 events — show timeline

• 2026-01-29 Listed $229,990 Stellar MLS as Distributed by MLS Grid
• 2006-01-12 Sold (Public Records) $27,500 Public Records

Property tax history

+7.2%/yr

Latest (2025): $138 · +15.5% YoY. Source: county tax records.