13 Fisher Trail Ter · Silver Springs Shores East, FL 32179

$75,000

3 bd · 2.0 ba · 1,455 sqft · SingleFamily public records · 33 Days on market

Built 2004 0.35 ac lot

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Under contract-accepting backup offers. Don't miss out on this highly desired area of Marion County. A beautiful country living home with lots of trees.

Key facts

• 0.35 acre lot
• 2 garage spots
• Built 2004

Property features AI

Finance

• Other: Unfurnished; Living area approximately 1,455 (public records); Total building area approximately 2,264 (public records); Total acreage: 1/4 to less than 1/2 acre; Directions: Please use GPS

Exterior

• Parking: Attached garage, 2 garage spaces
• Utilities: Well water; Sewer: Other; Electricity available
• Home design: Single family residence; Residential property; One story; Faces west; R1 zoning
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.35 acre lot (approx. 82 x 125)
• Exterior features: Other exterior features; Paved road access

Interior

• Kitchen: No appliances included
• Bedrooms: 3 bedrooms
• Flooring: Other flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $817 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 19.4% vs local median 5.2% 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 B — 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: 426 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• At $1,948/mo this rent would consume 50% of the median local household income ($47k/yr) (locally 303% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 22y 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.

Risks & watch-outs

• Watch-outs: property tax is 4.8% of price.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $72,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.60% ✓
• Cap rate: 19.37%
• Cash-on-cash: 46.69%
• DSCR: 3.08
• GRM: 3.2

CMA / ARV

• ARV (on-the-fly): $222,615
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
227 Fisher Run	0.33mi	3/2.0	1,311 (-10%)	11mo	$201,000	$153	59

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: 44.1%
• Equity multiple: 2.91×
• Total profit: $40,042
• Equity at exit: $11,183

10-year hold

• IRR: 50.1%
• Equity multiple: 5.88×
• Total profit: $102,506
• Equity at exit: $6,485

Cash invested: $21,000 (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 32179

• Home prices YoY: -18.3%
• Active inventory: 426
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,948 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$298 /mo · $3,571/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $817

Break-even live

Break-even rent $914

Max offer price $75,000

Occupancy floor 53%

Sensitivity live

Price	-10% $1,073	-5% $1,047	+0% $817	+5% $796	+10% $775
Rent	-10% $663	-5% $740	+0% $817	+5% $894	+10% $971
Rate	-1.0pp $855	-0.5pp $836	base $817	+0.5pp $798	+1.0pp $778

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Fisher Trace Pl Ocklawaha, FL	3.0	2.0	1786	$1,765	$0.99	14d	1	0.74mi
56 Fisher Way Pass Ocklawaha, FL	3.0	2.0	1311	$1,895	$1.45	22d	1	0.83mi

Listing history 9 events

1. 2026-05-06
   status Pending
2. 2026-04-03
   listed $75,000 Active
3. 2023-07-19
   status Pending 152-char remark

   Show marketing remark (152 chars)

   Under contract-accepting backup offers. Don't miss out on this highly desired area of Marion County. A beautiful country living home with lots of trees.

4. 2023-07-19
   soldstatus $220,000 Closed 152-char remark

   Show marketing remark (152 chars)

   Under contract-accepting backup offers. Don't miss out on this highly desired area of Marion County. A beautiful country living home with lots of trees.

5. 2023-07-12
   listed $220,000 Active 152-char remark

   Show marketing remark (152 chars)

   Under contract-accepting backup offers. Don't miss out on this highly desired area of Marion County. A beautiful country living home with lots of trees.

6. 2023-07-11
   soldstatus $220,000
7. 2004-10-15
   soldstatus $112,000 198-char remark

   Show marketing remark (198 chars)

   NICE COUNTRY SETTING - 2 NEW HOUSES SIDE BY SIDE. GREAT FOR STARTER HOME OR FOR DOWN SIZE. LOTS OF WILDLIFE. DIRS: FISHER TRL T/R. GO TO FISHER TRL TERR APPROX 4 BLKS HAS STREET SIGN T/R 2ND HOUSE L

8. 2004-08-18
   listed $117,600 198-char remark

   Show marketing remark (198 chars)

   NICE COUNTRY SETTING - 2 NEW HOUSES SIDE BY SIDE. GREAT FOR STARTER HOME OR FOR DOWN SIZE. LOTS OF WILDLIFE. DIRS: FISHER TRL T/R. GO TO FISHER TRL TERR APPROX 4 BLKS HAS STREET SIGN T/R 2ND HOUSE L

9. 2004-01-06
   soldstatus $8,000

ⓘ 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: $3,571 · $298/mo
• Projected year-2 tax: $3,571 · $298/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 · 21 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: $23,380
• − Mortgage interest: −$4,201
• − Property taxes: −$3,571
• − Insurance: −$375
• − Repairs & maintenance: −$1,870
• − Management: −$1,870
• − Depreciation: −$2,182
• Taxable income: $9,311
• Est. tax owed @ 24.0%: −$2,235
• After-tax cash flow: $7,570/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

• Census place: Silver Springs Shores East, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 9,318
• Household income: $46,512
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 303.0

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 (81%)
• Race & ethnicity: White 81% Two or more races 12% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -54.21%
• Current HPI: 242.0408
• 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

+837.5% since first listed

9 events — show timeline

• 2026-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-07-19 Sold (MLS) $220,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-12 Listed $220,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-11 Sold (Public Records) $220,000 Public Records
• 2004-10-15 Sold (MLS) $112,000 Stellar MLS as Distributed by MLS Grid
• 2004-08-18 Listed $117,600 Stellar MLS as Distributed by MLS Grid
• 2004-01-06 Sold (Public Records) $8,000 Public Records

Property tax history

+15.2%/yr

Latest (2025): $3,571 · +18.5% YoY. Source: county tax records.