273 Hickory Course Radl · Silver Springs Shores, FL 34472

$260,000

3 bd · 2.0 ba · 1,401 sqft · SingleFamily public records · 43 Days on market

Built 2020 0.27 ac lot $186/sqft · at area comps Est $265k · at est. $56/mo HOA · 3% 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 +8.4/15.0
• Appreciation +8.0/10.0
• Cash flow +7.2/30.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• DSCR +1.4/10.0

Listing remarks MLS

One or more photo(s) has been virtually staged. Builder offering $10,000 toward closing costs with use of preferred lender & title. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen situated between the living area and dining room. The kitchen, which overlooks the great room and comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. The owner's suite, located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share a second bathroom. The laundry room comes equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CBC039052.

Key facts

• 0.27 acre lot
• 2 garage spots
• Community pool

Property features AI

Finance

• Other: Homestead exempt; Zoned PUD
• Financial info: Total monthly HOA fees $56 (total annual $672)
• HOA & community: HOA: Lake Diamond North (monthly fee $56) — fee required; includes grounds maintenance; association approval required; Community amenities: Golf, pool, street lights, golf carts allowed; Pets allowed

Exterior

• Parking: Attached garage; 2 garage spaces
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Single-family residence; Residential property; One story; North-facing
• Construction: Block, concrete and stucco construction; Shingle roof; Slab foundation; Built with solar
• Exterior features: On golf course; Fenced (other)

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Open floorplan; Central heating; Central air conditioning
• Laundry & utility: Laundry room

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 $-358 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $197k (24.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (33.9% below list).
• Recommended offer: $172k (33.9% 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, schools 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.
• Market conditions: Rents flat; 674 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 32% 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

• It's been on market 43 days — a 3% lower offer ($252k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $185k; 41% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $171,955 (33.9% 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 43 days. Have you received any prior offers? Is the seller open to a 34% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.66% ✗
• Cap rate: 4.64%
• Cash-on-cash: -5.90%
• DSCR: 0.74
• GRM: 12.6

CMA / ARV

• ARV (median comp): $265,471
• List price: $260,000
• Delta: -2.06%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
30 Hemlock Run	0.24mi	3/2.0	1,453 (+4%)	15mo	$268,900	$185	70
7299 Hemlock Rd	0.49mi	3/2.0	1,453 (+4%)	6mo	$286,900	$197	66
13 Bahia Trace Loop	0.50mi	3/2.0	1,399 (-0%)	16mo	$240,000	$172	63
73 Bahia Trace Crse	0.54mi	3/2.0	1,302 (-7%)	15mo	$258,500	$199	50
1 Hemlock Court Pass	0.54mi	3/2.0	1,458 (+4%)	22mo	$280,000	$192	50
17 Fir Trail Ln	0.65mi	3/2.0	1,453 (+4%)	18mo	$280,000	$193	48
7398 Hemlock Rd	0.49mi	3/2.0	1,590 (+14%)	14mo	$238,000	$150	43
16 Hickory Loop Way	0.72mi	3/2.0	1,492 (+6%)	15mo	$271,900	$182	43
9 Fir Trail Pass	0.74mi	3/2.0	1,594 (+14%)	12mo	$230,000	$144	32

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: 9.5%
• Equity multiple: 1.64×
• Total profit: $46,428
• Equity at exit: $162,340

10-year hold

• IRR: 10.2%
• Equity multiple: 3.01×
• Total profit: $146,052
• Equity at exit: $293,444

Cash invested: $72,800 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 674
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $1,720 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$189 /mo · $2,266/yr
• Insurance: −$108
• HOA: −$56
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $-358

Break-even live

Break-even rent $2,173

Max offer price $196,723

Occupancy floor —

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	21d	1	0.06mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	21d	1	0.32mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	13d	1	0.38mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	21d	1	0.39mi
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	21d	1	0.46mi
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	13d	1	0.56mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	21d	1	0.58mi
7455 Midway Ter Unit K Ocala, FL	2.0	1.0	904	$1,249	$1.38	21d	1	0.70mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	13d	1	0.77mi
7215 Midway Ter Ocala, FL	2.0	2.0	975	$1,175	$1.21	21d	1	0.78mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	13d	1	1.13mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	13d	1	1.22mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	21d	1	1.22mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	21d	1	1.23mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	21d	1	1.25mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	21d	1	1.26mi
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	21d	1	1.27mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	21d	1	1.32mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	21d	1	1.32mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	13d	1	1.32mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	21d	1	1.35mi
57 Pine Cir Ocala, FL	3.0	2.0	1270	$1,897	$1.49	13d	1	1.38mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	21d	1	1.40mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	21d	1	1.43mi
6 Cedar Dr Ocala, FL	3.0	2.0	1477	$1,675	$1.13	21d	1	1.43mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	21d	1	1.45mi
7 Pine Run Ter Ocala, FL	3.0	2.0	1432	$1,500	$1.05	13d	1	1.46mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	13d	1	1.48mi
13 Pine Radial Dr Ocala, FL	3.0	2.0	1453	$1,795	$1.24	21d	1	1.48mi
619 Silver Pass Ocala, FL	3.0	2.0	1510	$1,495	$0.99	21d	1	1.49mi

HOA detail

• Monthly dues: $56 · $672/yr
• Likely covers: electric

Listing history 18 events

1. 2026-06-18
   days on market $260,000 Active 43 DOM
2. 2026-06-17
   days on market $260,000 Active 42 DOM
3. 2026-06-16
   days on market $260,000 Active 41 DOM
4. 2026-06-15
   days on market $260,000 Active 40 DOM
5. 2026-06-14
   days on market $260,000 Active 38 DOM
6. 2026-06-13
   days on market $260,000 Active 37 DOM
7. 2026-06-10
   days on market $260,000 Active 35 DOM
8. 2026-06-09
   days on market $260,000 Active 34 DOM
9. 2026-06-08
   days on market $260,000 Active 33 DOM
10. 2026-06-07
    days on market $260,000 Active 32 DOM
11. 2026-06-03
    days on market $260,000 Active 28 DOM
12. 2026-06-02
    days on market $260,000 Active 27 DOM
13. 2026-06-01
    days on market $260,000 Active 26 DOM
14. 2026-05-31
    days on market $260,000 Active 25 DOM
15. 2026-05-30
    days on market $260,000 Active 24 DOM
16. 2026-05-06
    listed $260,000 Active 859-char remark
17. 2020-09-04
    soldstatus $184,990 964-char remark

    Show marketing remark (964 chars)

    One or more photo(s) has been virtually staged. Builder offering $10,000 toward closing costs with use of preferred lender & title. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen situated between the living area and dining room. The kitchen, which overlooks the great room and comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. The owner's suite, located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share a second bathroom. The laundry room comes equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CBC039052.

18. 2020-04-04
    listed $184,990 964-char remark

    Show marketing remark (964 chars)

    One or more photo(s) has been virtually staged. Builder offering $10,000 toward closing costs with use of preferred lender & title. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen situated between the living area and dining room. The kitchen, which overlooks the great room and comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. The owner's suite, located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share a second bathroom. The laundry room comes equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CBC039052.

ⓘ 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: $2,266 · $189/mo
• Projected year-2 tax: $2,266 · $189/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,635
• − Mortgage interest: −$14,564
• − Property taxes: −$2,266
• − Insurance: −$1,300
• − Repairs & maintenance: −$1,651
• − Management: −$1,651
• − HOA: −$672
• − Depreciation: −$7,564
• Taxable loss: −$9,033
• Est. tax savings @ 24.0%: +$2,168
• After-tax cash flow: $-2,131/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

+40.5% since first listed

3 events — show timeline

• 2026-05-06 Listed $260,000 Stellar MLS as Distributed by MLS Grid
• 2020-09-04 Sold (MLS) $184,990 Stellar MLS as Distributed by MLS Grid
• 2020-04-04 Listed $184,990 Stellar MLS as Distributed by MLS Grid

Property tax history

+52.2%/yr

Latest (2025): $2,266 · +12.1% YoY. Source: county tax records.