2142 SE 185th Ter · Silver Springs Shores East, FL 34488

$99,900

2 bd · 1.0 ba · 460 sqft · Manufactured public records · 62 Days on market

Built 1965 7,405 sqft lot

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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 +25.5/30.0
• DSCR +8.4/10.0
• ARV discount +7.5/15.0
• 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
• Appreciation +0.0/10.0

Listing remarks MLS

Great value on two structures. The first is a well-maintained mobile home that has been lovingly cared for and is in exceptional condition for its age. Enjoy a large living room and breezy front porch for relaxing, while a cozy computer nook offers the perfect space for work or study. The second structure is a concrete block building, perfect for additional living space or workshop. The 299 sq foot concrete building has a new shower, a toilet, washing machine and dryer and stove. The home has public water access and a septic tank. Quiet living with a view of a wooded lot.

Key facts

• Breezy front porch
• New shower
• Washing machine

Tags

• TWO SEPARATE BUILDINGS
• BREEZY FRONT PORCH
• CONCRETE BLOCK BUILDING
• NEW SHOWER
• NEW TOILET
• WASHING MACHINE

Property features AI

Finance

• Other: Lot about 0.17 acres (approx. 50x125)
• Financial info: No additional financial details provided
• HOA & community: No HOA

Exterior

• Parking: No parking details provided
• Security: No security details provided
• Utilities: Public water; Septic tank; Electricity available
• Home design: Residential mobile home (single wide); One story; Faces east; Entry level: One
• Construction: Metal roof; Other construction materials; Crawlspace foundation; Built as single wide mobile home
• Exterior features: Exterior lighting; Paved road access

Interior

• Kitchen: Cooktop; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Open floorplan
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $233 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 5.1% in Silver Springs Shores East — 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 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.
• Zoned schools: Fort Mccoy School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 964 students, 73% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 202 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k 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 62 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y ago; this cycle's ask is 8982% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $70k; 43% 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; major 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 $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
6. 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.
7. 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: 9.09%
• Cash-on-cash: 10.00%
• DSCR: 1.44
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -1.3%
• Equity multiple: 0.95×
• Total profit: $-1,377
• Equity at exit: $14,895

10-year hold

• IRR: 8.4%
• Equity multiple: 1.64×
• Total profit: $17,778
• Equity at exit: $8,638

Cash invested: $27,972 (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 34488

• Home prices YoY: -26.1%
• Active inventory: 202
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,066 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$44 /mo · $523/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $233

Break-even live

Break-even rent $771

Max offer price $99,900

Occupancy floor 73%

Sensitivity live

Price	-10% $290	-5% $261	+0% $233	+5% $205	+10% $177
Rent	-10% $149	-5% $191	+0% $233	+5% $275	+10% $317
Rate	-1.0pp $283	-0.5pp $258	base $233	+0.5pp $207	+1.0pp $181

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-05-07
   status Pending
2. 2026-05-07
   historical $850
3. 2026-05-06
   price $850
4. 2026-04-25
   price $99,900
5. 2026-03-07
   listed $1,100
6. 2026-03-06
   listed $149,900 Active
7. 2025-03-13
   soldstatus $70,000 Closed 578-char remark

   Show marketing remark (578 chars)

   Great value on two structures. The first is a well-maintained mobile home that has been lovingly cared for and is in exceptional condition for its age. Enjoy a large living room and breezy front porch for relaxing, while a cozy computer nook offers the perfect space for work or study. The second structure is a concrete block building, perfect for additional living space or workshop. The 299 sq foot concrete building has a new shower, a toilet, washing machine and dryer and stove. The home has public water access and a septic tank. Quiet living with a view of a wooded lot.

8. 2025-03-05
   soldstatus $70,000
9. 2025-02-06
   status Pending 578-char remark

   Show marketing remark (578 chars)

   Great value on two structures. The first is a well-maintained mobile home that has been lovingly cared for and is in exceptional condition for its age. Enjoy a large living room and breezy front porch for relaxing, while a cozy computer nook offers the perfect space for work or study. The second structure is a concrete block building, perfect for additional living space or workshop. The 299 sq foot concrete building has a new shower, a toilet, washing machine and dryer and stove. The home has public water access and a septic tank. Quiet living with a view of a wooded lot.

10. 2025-01-30
    listed $89,900 Active 578-char remark

    Show marketing remark (578 chars)

    Great value on two structures. The first is a well-maintained mobile home that has been lovingly cared for and is in exceptional condition for its age. Enjoy a large living room and breezy front porch for relaxing, while a cozy computer nook offers the perfect space for work or study. The second structure is a concrete block building, perfect for additional living space or workshop. The 299 sq foot concrete building has a new shower, a toilet, washing machine and dryer and stove. The home has public water access and a septic tank. Quiet living with a view of a wooded lot.

11. 2023-07-12
    soldstatus $60,000 Closed 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

12. 2023-06-20
    status Pending 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

13. 2023-05-31
    status Active 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

14. 2023-05-31
    price $60,000 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

15. 2023-03-03
    status Pending 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

16. 2023-02-08
    status Active 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

17. 2023-01-29
    historical 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

18. 2023-01-27
    status Active 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

19. 2023-01-27
    price $55,000 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

20. 2022-12-19
    status Pending 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

21. 2022-12-01
    listed $35,000 Active 514-char remark

    Show marketing remark (514 chars)

    Cash only! Tenant recently moved out. The home is in livable condition. This could be a 2 bedroom mobile home if you put a window unit in the second back room. This comes with a 299 square feet concrete building on the property. The building has plumbing and electricity ran to it with a washer and dryer inside. This could also serve as a separate bedroom. The mobile home has a large screened in porch with a very quiet view. The property adjacent is also being sold. Owner will sell them together or separately.

22. 1981-01-01
    soldstatus $6,500

ⓘ 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: $523 · $44/mo
• Projected year-2 tax: $829 · $69/mo
• Expected delta: +$306/yr (+$26/mo · 58.5%)

ⓘ 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 6/10 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,793
• − Mortgage interest: −$5,596
• − Property taxes: −$523
• − Insurance: −$500
• − Repairs & maintenance: −$1,023
• − Management: −$1,023
• − Depreciation: −$2,906
• Taxable income: $1,221
• Est. tax owed @ 24.0%: −$293
• After-tax cash flow: $2,504/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

• Population (ZIP): 11,525

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Serbian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 2%

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: ▼ -80.45%
• Current HPI: 227.3763
• Rent YoY: —
• Metro: —
• 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

+1436.9% since first listed

22 events — show timeline

• 2026-05-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-07 Rental Removed $850 STELLARMLS
• 2026-05-06 Price Changed $850 STELLARMLS
• 2026-04-25 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-07 Listed for Rent $1,100 STELLARMLS
• 2026-03-06 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-13 Sold (MLS) $70,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-05 Sold (Public Records) $70,000 Public Records
• 2025-02-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-01-30 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 2023-07-12 Sold (MLS) $60,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-31 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-05-31 Price Changed $60,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-02-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-01-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-01-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-01-27 Price Changed $55,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-12-01 Listed $35,000 Stellar MLS as Distributed by MLS Grid
• 1981-01-01 Sold (Public Records) $6,500 Public Records

Property tax history

+2.5%/yr

Latest (2025): $523 · +65.6% YoY. Source: county tax records.