9671 SW 97th St · On Top of the World, FL 34481

$144,900

2 bd · 2.0 ba · 1,214 sqft · SingleFamily public records · 119 Days on market

Built 1999 $119/sqft · 12% below area Est $164k · 12% under $478/mo HOA · 31% of rent ↓ 12% since listing

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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 +12.8/15.0
• Cash flow +8.0/30.0
• 1% rule +5.7/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in On Top of the World's Crescent Ridge neighborhood, this Granada model offers 2 bedrooms, 2 bathrooms, an eat-in kitchen with casual dining, and a 1.5-car garage with a functional layout designed for everyday living. The kitchen features a cut-out overlooking the great room, creating an open connection between the spaces. The home is light and bright, and the lanai has been enclosed providing additional flexible living space. The main living areas feature tile flooring, and the primary suite includes an ensuite bathroom and a walk-in closet. Recent improvements and updates include a 2017 roof, 2009 HVAC system, and a 2021 hot water heater. Additional improvements include a new garage door opener and springs, freshly installed sod in the front yard, and an irrigation system that has been recently checked and is fully operational.

Key facts

• Eat-in kitchen
• Tile flooring
• Ensuite bathroom

Tags

• CRESCENT RIDGE NEIGHBORHOOD
• EAT-IN KITCHEN
• CUT-OUT OVERLOOKING GREAT ROOM
• ENCLOSED LANAI
• TILE FLOORING
• ENSUITE BATHROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $-148 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $119k (18.0% below list).
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $119k (18.0% below list) — sets the bar for cash-flow.
• Cap rate 5.1% vs local median 2.9% in On Top of the World — 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.
• Market conditions: 1158 active listings in the ZIP; 22 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 32% of the median local income ($57k/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 $4k 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 119 days — a 9% lower offer ($132k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 31% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,767 (18.0% 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 119 days. Have you received any prior offers? Is the seller open to a 18% 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: 1.07% ✓
• Cap rate: 5.07%
• Cash-on-cash: -4.38%
• DSCR: 0.81
• GRM: 7.8

CMA / ARV

• ARV (median comp): $164,390
• List price: $144,900
• Delta: -11.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9663 SW 94th Ter Unit C	0.22mi	2/2.0	1,215 (+0%)	18mo	$127,500	$105	75
9333 SW 97th Pl Unit C	0.37mi	2/2.0	1,178 (-3%)	13mo	$160,000	$136	67
10061 SW 100th Ave	0.48mi	2/2.0	1,144 (-6%)	2mo	$172,000	$150	66
9637 SW 94th Ct Unit A	0.27mi	2/2.0	1,092 (-10%)	10mo	$125,900	$115	62
9200 SW 101st Ln	0.69mi	2/2.0	1,144 (-6%)	10mo	$169,900	$149	50
9880 SW 101st Ln	0.52mi	2/2.0	1,144 (-6%)	19mo	$170,000	$149	50
10060 SW 93rd Ave	0.52mi	2/1.5	1,095 (-10%)	15mo	$130,000	$119	45
9297 SW 91st Court Rd	0.73mi	2/2.0	1,344 (+11%)	9mo	$239,900	$178	41
9885 SW 90th Ave Unit C	0.74mi	2/2.0	1,307 (+8%)	19mo	$145,000	$111	37
8962 SW 97th St Unit C	0.69mi	2/2.0	1,353 (+11%)	18mo	$146,000	$108	34
10305 SW 99th Ave	0.64mi	2/2.0	1,352 (+11%)	22mo	$181,000	$134	33
10330 SW 99th Ave	0.68mi	3/2.0 (+1)	1,378 (+14%)	12mo	$163,000	$118	30

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -23.4%
• Equity multiple: 0.20×
• Total profit: $-32,653
• Equity at exit: $21,605

10-year hold

• IRR: -17.7%
• Equity multiple: 0.03×
• Total profit: $-39,554
• Equity at exit: $12,528

Cash invested: $40,572 (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 34481

• Home prices YoY: -25.2%
• Active inventory: 1158
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,545 high
• Mortgage (P&I): −$760
• Tax from tax record: −$70 /mo · $845/yr
• Insurance: −$60
• HOA: −$478
• Vacancy / Maint / Mgmt: −$324
• Net cashflow: $-148

Break-even live

Break-even rent $1,732

Max offer price $118,767

Occupancy floor —

Sensitivity live

Price	-10% $-66	-5% $-107	+0% $-148	+5% $-189	+10% $-230
Rent	-10% $-270	-5% $-209	+0% $-148	+5% $-87	+10% $-26
Rate	-1.0pp $-75	-0.5pp $-111	base $-148	+0.5pp $-185	+1.0pp $-224

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9758 SW 96th St Ocala, FL	2.0	2.0	1219	$1,400	$1.15	22d	1	0.08mi
9748 SW 97th St Ocala, FL	2.0	2.0	1105	$1,500	$1.36	22d	1	0.09mi
9794 SW 96th St Ocala, FL	2.0	2.0	1201	$1,700	$1.42	22d	1	0.12mi
10081 SW 97th Ct Ocala, FL	2.0	1.0	992	$1,200	$1.21	15d	1	0.41mi
10081 SW 95th Ave Ocala, FL	2.0	2.0	1040	$1,395	$1.34	22d	1	0.44mi
9760 SW 101st Ln Ocala, FL	2.0	2.0	1360	$1,500	$1.10	22d	1	0.51mi
10155 SW 100th Ave Ocala, FL	2.0	2.0	1040	$1,700	$1.63	22d	1	0.57mi
10211 SW 93rd Ct Ocala, FL	3.0	2.0	1456	$1,495	$1.03	22d	1	0.62mi
10405 SW 99th Ave Ocala, FL	2.0	2.0	1040	$1,450	$1.39	22d	1	0.74mi
9075 SW 102nd Pl Ocala, FL	2.0	2.0	1008	$1,275	$1.26	22d	1	0.80mi
9013 SW 91st Cir Ocala, FL	2.0	2.0	1494	$1,900	$1.27	15d	1	0.81mi
9770 SW 92nd Place Rd Ocala, FL	2.0	2.0	1399	$2,200	$1.57	22d	1	0.90mi
8935 SW 102nd Pl Ocala, FL	2.0	2.0	1144	$1,500	$1.31	22d	1	0.91mi
8757 SW 97th Lane Rd Unit C Ocala, FL	2.0	2.0	1490	$1,600	$1.07	15d	1	0.96mi
8670 SW 97th St Unit A Ocala, FL	2.0	2.0	1341	$1,600	$1.19	22d	1	1.01mi
8680 SW 94th Ln Unit G Ocala, FL	3.0	2.0	1409	$1,550	$1.10	22d	1	1.01mi
8671 SW 97th St Unit C Ocala, FL	2.0	2.0	1341	$1,474	$1.10	15d	1	1.02mi
8655 SW 98th Street Rd Unit G Ocala, FL	2.0	2.0	1424	$1,500	$1.05	22d	1	1.03mi
9201 SW 108th Pl Ocala, FL	2.0	2.0	1170	$1,475	$1.26	22d	15	1.20mi
10441 SW 85th Ct Ocala, FL	2.0	2.0	1090	$1,495	$1.37	22d	1	1.33mi
8430 SW 90th Ln Unit D Ocala, FL	2.0	2.0	1454	$1,600	$1.10	22d	1	1.39mi
8431 SW 90th Ln Ocala, FL	2.0	2.0	1366	$1,395	$1.02	22d	1	1.42mi

HOA detail

• Monthly dues: $478 · $5,736/yr
• Likely covers: water

Listing history 9 events

1. 2026-06-07
   status $144,900 Pending 119 DOM
2. 2026-06-03
   days on market $144,900 Active 119 DOM
3. 2026-06-02
   days on market $144,900 Active 118 DOM
4. 2026-06-01
   days on market $144,900 Active 117 DOM
5. 2026-05-31
   days on market $144,900 Active 116 DOM
6. 2026-05-30
   days on market $144,900 Active 115 DOM
7. 2026-05-08
   price $144,900 850-char remark

   Show marketing remark (850 chars)

   Located in On Top of the World's Crescent Ridge neighborhood, this Granada model offers 2 bedrooms, 2 bathrooms, an eat-in kitchen with casual dining, and a 1.5-car garage with a functional layout designed for everyday living. The kitchen features a cut-out overlooking the great room, creating an open connection between the spaces. The home is light and bright, and the lanai has been enclosed providing additional flexible living space. The main living areas feature tile flooring, and the primary suite includes an ensuite bathroom and a walk-in closet. Recent improvements and updates include a 2017 roof, 2009 HVAC system, and a 2021 hot water heater. Additional improvements include a new garage door opener and springs, freshly installed sod in the front yard, and an irrigation system that has been recently checked and is fully operational.

8. 2026-03-24
   price $154,900 850-char remark

   Show marketing remark (850 chars)

   Located in On Top of the World's Crescent Ridge neighborhood, this Granada model offers 2 bedrooms, 2 bathrooms, an eat-in kitchen with casual dining, and a 1.5-car garage with a functional layout designed for everyday living. The kitchen features a cut-out overlooking the great room, creating an open connection between the spaces. The home is light and bright, and the lanai has been enclosed providing additional flexible living space. The main living areas feature tile flooring, and the primary suite includes an ensuite bathroom and a walk-in closet. Recent improvements and updates include a 2017 roof, 2009 HVAC system, and a 2021 hot water heater. Additional improvements include a new garage door opener and springs, freshly installed sod in the front yard, and an irrigation system that has been recently checked and is fully operational.

9. 2026-02-04
   listed $164,900 Active 850-char remark

   Show marketing remark (850 chars)

   Located in On Top of the World's Crescent Ridge neighborhood, this Granada model offers 2 bedrooms, 2 bathrooms, an eat-in kitchen with casual dining, and a 1.5-car garage with a functional layout designed for everyday living. The kitchen features a cut-out overlooking the great room, creating an open connection between the spaces. The home is light and bright, and the lanai has been enclosed providing additional flexible living space. The main living areas feature tile flooring, and the primary suite includes an ensuite bathroom and a walk-in closet. Recent improvements and updates include a 2017 roof, 2009 HVAC system, and a 2021 hot water heater. Additional improvements include a new garage door opener and springs, freshly installed sod in the front yard, and an irrigation system that has been recently checked and is fully operational.

ⓘ 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: $845 · $70/mo
• Projected year-2 tax: $1,203 · $100/mo
• Expected delta: +$358/yr (+$30/mo · 42.3%)

ⓘ 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 · 20 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: $18,543
• − Mortgage interest: −$8,117
• − Property taxes: −$845
• − Insurance: −$724
• − Repairs & maintenance: −$1,483
• − Management: −$1,483
• − HOA: −$5,736
• − Depreciation: −$4,215
• Taxable loss: −$4,062
• Est. tax savings @ 24.0%: +$975
• After-tax cash flow: $-800/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 — On Top of the World

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

Census & demographics

• Census place: On Top of the World, FL
• County: Marion County · 315,796 people
• City population: 25,668
• Metro: Ocala, FL
• Population (ZIP): 26,782
• Household income: $57,324
• Rent vs Own: 9.8% rent · 90.2% own
• Severe rent burden: 313.0

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Black 7% Two or more races 5%
• Hispanic origin (detail): Mexican 4% Puerto Rican 4% Cuban 1%
• Common ancestry: Romanian 7% Lithuanian 3% Slovak 2%
• Foreign-born: 8% · Canada, Jamaica
• Languages at home: 88% English-only · Spanish 9% French/Haitian/Cajun 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: ▼ -67.48%
• Current HPI: 199.986
• 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

-12.1% since first listed

3 events — show timeline

• 2026-05-08 Price Changed $144,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $154,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Listed $164,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.2%/yr

Latest (2025): $845 · +34.3% YoY. Source: county tax records.