5 Locust Radial Cir · Silver Springs Shores, FL 34472

$274,900

4 bd · 2.0 ba · 1,477 sqft · SingleFamily public records · 22 Days on market

Built 2023 0.26 ac lot Est $270k · at est. ↓ 4% 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).

• Appreciation +8.0/10.0
• Cash flow +7.2/30.0
• ARV discount +6.7/15.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.4/10.0

Listing remarks

Virtually Staged. Welcome home to this beautiful, move-in-ready property built in 2023! This spacious 4-bedroom, 2-bathroom home features a bright, open-concept design with high ceilings and large windows that flood the living space with natural light. The heart of the home is the expansive kitchen, complete with a massive center island perfect for casual entertaining, soft-close cabinetry, sleek granite countertops, and a full suite of stainless steel appliances. Designed with a desirable split-bedroom floor plan for ultimate privacy, the layout includes durable LVP and tile flooring spanning seamlessly throughout the entire home with absolutely no carpet to worry about. The primary suite

Key facts

• Open-concept design
• Expansive kitchen
• Soft-close cabinetry

Tags

• OPEN-CONCEPT DESIGN
• EXPANSIVE KITCHEN
• MASSIVE CENTER ISLAND
• SOFT-CLOSE CABINETRY
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Property type: Residential (Single Family); Zoning: R1; Lot size approximately 0.26 acres (1/4 to less than 1/2 acre)
• Financial info: Lease restrictions apply

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Single Family Residence; One level; Faces south
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Builder model: Banyan
• Exterior features: Private mailbox; Sliding doors; Asphalt road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; High ceilings; Stone counters; Thermostat; Tray ceilings; Walk-in closets
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-378 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $208k (24.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (29.9% below list).
• Recommended offer: $193k (29.9% 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; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 36% 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 $18k of equity ($2k loan paydown + $16k 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 ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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

• 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 $192,823 (29.9% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.70% ✗
• Cap rate: 4.64%
• Cash-on-cash: -5.89%
• DSCR: 0.74
• GRM: 11.9

CMA / ARV

• ARV (on-the-fly): $270,291
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
362 Locust Rd	0.35mi	3/2.0 (-1)	1,380 (-7%)	4mo	$260,000	$188	64
21 Locust Loop Radl	0.37mi	3/2.0 (-1)	1,331 (-10%)	10mo	$240,000	$180	53
5 Locust Loop Cir	0.45mi	3/2.0 (-1)	1,335 (-10%)	6mo	$243,780	$183	53
48 Locust Dr	0.68mi	3/2.0 (-1)	1,380 (-7%)	4mo	$245,000	$178	49
13 Locust Trak	0.65mi	3/2.0 (-1)	1,380 (-7%)	12mo	$259,000	$188	44

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: $48,891
• Equity at exit: $171,643

10-year hold

• IRR: 10.1%
• Equity multiple: 2.99×
• Total profit: $153,356
• Equity at exit: $310,261

Cash invested: $76,972 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 674
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $1,928 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$345 /mo · $4,141/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $-378

Break-even live

Break-even rent $2,407

Max offer price $208,143

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: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6 Locust Course Ln Ocala, FL	3.0	2.0	1263	$1,735	$1.37	14d	1	0.38mi
342 Locust Pass Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	0.50mi
219 Locust Ln Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	0.83mi
80 Locust Pass Run Ocala, FL	3.0	2.0	1003	$1,595	$1.59	14d	1	0.90mi
217 Locust Pass Crse Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	1.17mi
217 Locust Pass Ln Ocala, FL	3.0	2.0	1011	$1,697	$1.68	14d	1	1.18mi
202 Oak Lane Cir Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	1.20mi

Listing history 18 events

1. 2026-06-18
   days on market $274,900 Active 22 DOM
2. 2026-06-17
   days on market $274,900 Active 21 DOM
3. 2026-06-16
   days on market $274,900 Active 20 DOM
4. 2026-06-15
   days on market $274,900 Active 19 DOM
5. 2026-06-14
   days on market $274,900 Active 17 DOM
6. 2026-06-13
   days on market $274,900 Active 16 DOM
7. 2026-06-10
   days on market $274,900 Active 14 DOM
8. 2026-06-09
   days on market $274,900 Active 13 DOM
9. 2026-06-08
   days on market $274,900 Active 12 DOM
10. 2026-06-07
    days on market $274,900 Active 11 DOM
11. 2026-06-03
    days on market $274,900 Active 7 DOM
12. 2026-06-02
    days on market $274,900 Active 6 DOM
13. 2026-06-01
    days on market $274,900 Active 5 DOM
14. 2026-05-31
    days on market $274,900 Active 4 DOM
15. 2026-05-30
    days on market $274,900 Active 3 DOM
16. 2026-05-27
    listed $274,900 Active
17. 2024-01-04
    soldstatus $285,896
18. 2023-12-29
    listed $285,896

ⓘ 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: $4,141 · $345/mo
• Projected year-2 tax: $4,141 · $345/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 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 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,139
• − Mortgage interest: −$15,399
• − Property taxes: −$4,141
• − Insurance: −$1,374
• − Repairs & maintenance: −$1,851
• − Management: −$1,851
• − Depreciation: −$7,997
• Taxable loss: −$9,474
• Est. tax savings @ 24.0%: +$2,274
• After-tax cash flow: $-2,261/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

-3.8% since first listed

3 events — show timeline

• 2026-05-27 Listed $274,900 Stellar MLS as Distributed by MLS Grid
• 2024-01-04 Sold (Public Records) $285,896 Public Records
• 2023-12-29 Listed $285,896 Stellar MLS as Distributed by MLS Grid

Property tax history

+39.8%/yr

Latest (2025): $4,141 · +5.7% YoY. Source: county tax records.