1349 NW 109th Ave · Ocala Estates, FL 34482

$269,900

4 bd · 2.0 ba · 1,904 sqft · Land · 191 Days on market

Built 2025 1.00 ac lot $142/sqft · at area comps Est $275k · at est.

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Why this score? — see what drove the C- 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 +20.4/30.0
• ARV discount +8.3/15.0
• DSCR +6.5/10.0
• Rent growth +5.0/5.0
• 1% rule +4.1/10.0
• Schools +3.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

Key facts

• Shaker cabinetry
• Natural light
• Tile backsplash

Tags

• SPACIOUS ISLAND KITCHEN
• SHAKER CABINETRY
• STAINLESS STEEL APPLIANCES
• TILE BACKSPLASH
• NATURAL LIGHT
• DURABLE LAMINATE FLOORING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $270k.

Deal economics

• At list price, monthly cash flow is $349 ($4k/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 $245k (9.3% below list).
• Recommended offer: $238k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — 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 rising fast (+11.1%/yr); 663 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 45% 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 $2k of loan paydown is wiped out by about $8k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $76k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($238k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $19k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $270k implies a 1250% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $237,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 12% 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. 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.
5. 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.
6. 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: 0.91% ✗
• Cap rate: 7.84%
• Cash-on-cash: 5.54%
• DSCR: 1.25
• GRM: 9.2

CMA / ARV

• ARV (median comp): $274,818
• List price: $269,900
• Delta: -1.79%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -2.9%
• Equity multiple: 0.88×
• Total profit: $-8,725
• Equity at exit: $40,243

10-year hold

• IRR: 11.1%
• Equity multiple: 2.05×
• Total profit: $79,324
• Equity at exit: $23,336

Cash invested: $75,572 (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 34482

• Rents YoY: 11.1%
• Active inventory: 663
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,448 medium
• Mortgage (P&I): −$1,415
• Tax from tax record: −$57 /mo · $684/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$514
• Net cashflow: $349

Break-even live

Break-even rent $2,006

Max offer price $269,900

Occupancy floor 81%

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: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10625 NW 14th St Ocala, FL	3.0	2.0	2244	$2,500	$1.11	13d	1	0.25mi
11392 NW 16th Pl Ocala, FL	3.0	2.0	1264	$1,395	$1.10	13d	1	0.58mi
10380 NW 21st St Ocala, FL	4.0	3.0	1955	$4,800	$2.46	13d	1	0.72mi
1726 NW 119th Ct Ocala, FL	3.0	2.0	1782	$1,800	$1.01	13d	1	1.14mi
1951 NW 119th Ct Ocala, FL	3.0	2.0	1551	$1,850	$1.19	21d	1	1.16mi

Listing history 9 events

1. 2026-04-27
   status Active 752-char remark

   Show marketing remark (752 chars)

   Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

2. 2026-04-24
   historical 752-char remark

   Show marketing remark (752 chars)

   Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

3. 2026-04-22
   status Active 752-char remark

   Show marketing remark (752 chars)

   Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

4. 2026-04-14
   status Pending 752-char remark

   Show marketing remark (752 chars)

   Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

5. 2026-03-24
   price $269,900 752-char remark

   Show marketing remark (752 chars)

   Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

6. 2025-12-07
   price $279,900 752-char remark

   Show marketing remark (752 chars)

   Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

7. 2025-11-01
   listed $289,000 Active 752-char remark

   Show marketing remark (752 chars)

   Price Improvement! Brand-new manufactured home on 1 acre near WEC. This double wide manufactured home delivers 1,904 sq ft with 4 bedrooms and 2 baths in a bright open plan. The living and dining areas flow to a spacious island kitchen with shaker cabinetry, stainless steel appliances, vent hood, and tile backsplash. Sliding glass doors bring in natural light and connect to the backyard. Durable laminate flooring runs throughout. All bedrooms offer generous closets. The large primary suite includes a walk-in closet and a private bath. Exterior features low-maintenance siding with vinyl skirting and plenty of room to spread out. Rural residential setting with a convenient Ocala location near the World Equestrian Center, shopping, and services.

8. 2005-12-20
   soldstatus $20,000
9. 2004-09-09
   soldstatus $16,900

ⓘ 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: $684 · $57/mo
• Projected year-2 tax: $2,240 · $187/mo
• Expected delta: +$1,557/yr (+$130/mo · 227.7%)

ⓘ 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 ≥107°F today · 23 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,370
• − Mortgage interest: −$15,119
• − Property taxes: −$684
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,350
• − Management: −$2,350
• − Depreciation: −$7,852
• Taxable loss: −$332
• Est. tax savings @ 24.0%: +$80
• After-tax cash flow: $4,265/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 — Ocala Estates

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): 22,807
• Household income: $65,901
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 282.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 19% Black 14% Two or more races 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 9% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 81% English-only · Spanish 16% 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: ▼ -133.62%
• Current HPI: 194.3857
• Rent YoY: ▲ 11.12%
• 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

+1497.0% since first listed

9 events — show timeline

• 2026-04-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $269,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-07 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-01 Listed $289,000 Stellar MLS as Distributed by MLS Grid
• 2005-12-20 Sold (Public Records) $20,000 Public Records
• 2004-09-09 Sold (Public Records) $16,900 Public Records

Property tax history

+11.5%/yr

Latest (2025): $684 · +51.7% YoY. Source: county tax records.