6762 W Cherry Rd · Silver Springs Shores, FL 34472

$279,999

3 bd · 2.0 ba · 1,453 sqft · Land · 85 Days on market

Built 2026 10,019 sqft lot $193/sqft · 13% above area Est $247k · 13% over

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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).

• Appreciation +8.0/10.0
• Cash flow +5.8/30.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.6/15.0
• 1% rule +1.2/10.0
• DSCR +0.2/10.0

Listing remarks MLS

Be the first to own this beautiful new construction 3-bedroom, 2-bath home designed with comfort, style, and modern living in mind. Featuring a spacious open floor plan, this home showcases durable luxury vinyl plank (LVP) flooring in the main living areas for a sleek look and easy maintenance. The open kitchen is perfect for entertaining, offering plenty of space to gather, along with granite countertops throughout, ample cabinetry, and a seamless flow into the dining and living areas—ideal for hosting family and friends. The primary suite provides a relaxing retreat, highlighted by a trey ceiling that adds elegance and character, along with a private en-suite bathroom and generous closet space. Two additional bedrooms for family, guests, or a home office. Step outside to enjoy the covered back porch, overlooking a fully fenced backyard—perfect for pets, play, or added privacy while entertaining. A 2-car garage adds convenience and additional storage. Conveniently located near Silver Springs State Park and close to shopping, dining, and everyday amenities—offering the perfect balance of nature and convenience.

Key facts

• Open floor plan
• New construction
• Granite countertops

Tags

• NEW CONSTRUCTION
• OPEN FLOOR PLAN
• LUXURY VINYL PLANK FLOORING
• GRANITE COUNTERTOPS
• COVERED BACK PORCH
• FULLY FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $280k.

Deal economics

• At list price, monthly cash flow is $-560 ($-7k/yr) — negative.
• To cash-flow at today's rent, offer at most $199k (28.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (37.8% below list).
• Recommended offer: $174k (37.8% 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; 20 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 33% 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 $19k of equity ($2k loan paydown + $17k 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 ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($263k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $8k; list at $280k implies a 3400% 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $174,110 (37.8% 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 85 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 0.62% ✗
• Cap rate: 3.89%
• Cash-on-cash: -8.56%
• DSCR: 0.62
• GRM: 13.4

CMA / ARV

• ARV (median comp): $247,432
• List price: $279,999
• Delta: 13.16%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 7.4%
• Equity multiple: 1.50×
• Total profit: $39,289
• Equity at exit: $174,827

10-year hold

• IRR: 8.6%
• Equity multiple: 2.72×
• Total profit: $135,103
• Equity at exit: $316,016

Cash invested: $78,400 (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: 13.4×

Monthly cashflow live

• Estimated rent: $1,741 high
• Mortgage (P&I): −$1,468
• Tax est. 1.5%: −$350 /mo · $4,200/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$366
• Net cashflow: $-560

Break-even live

Break-even rent $2,449

Max offer price $199,033

Occupancy floor —

Sensitivity live

Price	-10% $-366	-5% $-463	+0% $-560	+5% $-656	+10% $-753
Rent	-10% $-697	-5% $-628	+0% $-560	+5% $-491	+10% $-422
Rate	-1.0pp $-419	-0.5pp $-488	base $-560	+0.5pp $-632	+1.0pp $-706

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6688 Cherry Rd Ocala, FL	3.0	2.0	1270	$1,950	$1.54	14d	1	0.22mi
62 Teak Loop Ocala, FL	3.0	1.0	1018	$1,450	$1.42	14d	1	0.23mi
9 Banyan Course Run Ocala, FL	3.0	2.0	1345	$1,599	$1.19	22d	1	0.38mi
9 Teak Way Dr Ocala, FL	3.0	2.0	1352	$1,800	$1.33	14d	1	0.46mi
1503 Peachtree Ln Ocala, FL	2.0	2.0	1152	$1,450	$1.26	22d	1	0.55mi
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	22d	1	1.00mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	22d	1	1.05mi
36 Pecan Run Crse Ocala, FL	3.0	2.0	1188	$1,850	$1.56	14d	1	1.09mi
5370 SE 30th Pl Unit Greenfields C Ocala, FL	2.0	2.0	1000	$1,150	$1.15	22d	1	1.10mi
96 Redwood Rd Ocala, FL	3.0	2.0	1188	$1,650	$1.39	14d	1	1.18mi
6001 SE 4th Pl Ocala, FL	3.0	2.0	1865	$2,295	$1.23	14d	1	1.28mi
5230 SE 31st St Unit Whispering Sands D Ocala, FL	2.0	1.5	1000	$1,050	$1.05	22d	1	1.29mi
5200 SE 31st St Unit D Ocala, FL	2.0	1.5	945	$1,250	$1.32	22d	1	1.31mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	14d	1	1.31mi
5011 SE 29th St Apt C Ocala, FL	2.0	1.0	1000	$990	$0.99	14d	1	1.35mi
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	22d	1	1.39mi
100 SE 68th Ct Ocala, FL	3.0	2.0	1612	$1,850	$1.15	22d	1	1.44mi
5725 SE 3rd Pl Ocala, FL	3.0	2.0	1608	$1,550	$0.96	22d	1	1.47mi
15 NE 63rd Ct Ocala, FL	3.0	2.0	1500	$1,700	$1.13	22d	1	1.48mi
6772 NE 1st St Unit Na Ocala, FL	3.0	2.0	1300	$1,500	$1.15	14d	1	1.50mi

Listing history 19 events

1. 2026-06-18
   days on market $279,999 Active 85 DOM
2. 2026-06-17
   days on market $279,999 Active 84 DOM
3. 2026-06-16
   days on market $279,999 Active 83 DOM
4. 2026-06-15
   days on market $279,999 Active 82 DOM
5. 2026-06-14
   days on market $279,999 Active 80 DOM
6. 2026-06-13
   days on market $279,999 Active 79 DOM
7. 2026-06-10
   days on market $279,999 Active 77 DOM
8. 2026-06-09
   days on market $279,999 Active 76 DOM
9. 2026-06-08
   days on market $279,999 Active 75 DOM
10. 2026-06-07
    days on market $279,999 Active 74 DOM
11. 2026-06-03
    days on market $279,999 Active 70 DOM
12. 2026-06-02
    days on market $279,999 Active 69 DOM
13. 2026-06-01
    days on market $279,999 Active 68 DOM
14. 2026-05-31
    days on market $279,999 Active 67 DOM
15. 2026-05-30
    days on market $279,999 Active 66 DOM
16. 2026-03-25
    listed $279,999 Active 1146-char remark

    Show marketing remark (1146 chars)

    Be the first to own this beautiful new construction 3-bedroom, 2-bath home designed with comfort, style, and modern living in mind. Featuring a spacious open floor plan, this home showcases durable luxury vinyl plank (LVP) flooring in the main living areas for a sleek look and easy maintenance. The open kitchen is perfect for entertaining, offering plenty of space to gather, along with granite countertops throughout, ample cabinetry, and a seamless flow into the dining and living areas—ideal for hosting family and friends. The primary suite provides a relaxing retreat, highlighted by a trey ceiling that adds elegance and character, along with a private en-suite bathroom and generous closet space. Two additional bedrooms for family, guests, or a home office. Step outside to enjoy the covered back porch, overlooking a fully fenced backyard—perfect for pets, play, or added privacy while entertaining. A 2-car garage adds convenience and additional storage. Conveniently located near Silver Springs State Park and close to shopping, dining, and everyday amenities—offering the perfect balance of nature and convenience.

17. 2024-05-06
    listed $35,000 Active
18. 2015-06-18
    soldstatus $8,000
19. 1994-06-14
    soldstatus $7,000

ⓘ 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 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 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,893
• − Mortgage interest: −$15,684
• − Property taxes: −$4,200
• − Insurance: −$1,400
• − Repairs & maintenance: −$1,671
• − Management: −$1,671
• − Depreciation: −$8,145
• Taxable loss: −$11,879
• Est. tax savings @ 24.0%: +$2,851
• After-tax cash flow: $-3,863/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

• 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

+3900.0% since first listed

4 events — show timeline

• 2026-03-25 Listed $279,999 Stellar MLS as Distributed by MLS Grid
• 2024-05-06 Listed $35,000 Stellar MLS as Distributed by MLS Grid
• 2015-06-18 Sold (Public Records) $8,000 Public Records
• 1994-06-14 Sold (Public Records) $7,000 Public Records

Property tax history

+9.3%/yr

Latest (2025): $419 · +6.7% YoY. Source: county tax records.