1114 Hickory Rd · Silver Springs Shores, FL 34472

$215,000

3 bd · 2.0 ba · 1,578 sqft · SingleFamily public records · 361 Days on market

Built 1985 0.31 ac lot $136/sqft · 5% above area Est $236k · 9% under $12/mo HOA · 1% of rent ↓ 22% since listing

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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 +14.2/30.0
• ARV discount +11.4/15.0
• Appreciation +8.0/10.0
• DSCR +4.3/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

Key facts

• Converted garage
• Access to pool
• Detached rear garage

Tags

• CONVERTED GARAGE
• FULLY FENCED REAR YARD
• DETACHED REAR GARAGE
• UNFINISHED IN-LAW SUITE
• PLUMBING READY FOR BATH
• ACCESS TO POOL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $37 ($439/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (18.0% below list).
• Recommended offer: $176k (18.0% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.7% in Silver Springs Shores — 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 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; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 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 $14k of equity ($1k loan paydown + $13k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.9% appreciation + 0.2% rent growth), your $60k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 361 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $60k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,404 (18.0% below list)

Questions for the listing agent

1. It's been on market 361 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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.
7. 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.
8. 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: 0.82% ✗
• Cap rate: 6.50%
• Cash-on-cash: 0.73%
• DSCR: 1.03
• GRM: 10.2

CMA / ARV

• ARV (median comp): $235,617
• List price: $215,000
• Delta: -8.75%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 Emerald Rd	0.63mi	3/2.0	1,380 (-12%)	3mo	$239,900	$174	47
39 Sapphire Run	0.48mi	4/2.0 (+1)	1,717 (+9%)	17mo	$235,000	$137	44
31 Palm Rd	0.55mi	3/2.0	1,372 (-13%)	13mo	$220,000	$160	42
311 Oak Track Dr	0.63mi	3/2.0	1,806 (+14%)	9mo	$206,000	$114	39

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: 14.7%
• Equity multiple: 1.97×
• Total profit: $58,608
• Equity at exit: $134,242

10-year hold

• IRR: 14.1%
• Equity multiple: 3.69×
• Total profit: $161,862
• Equity at exit: $242,656

Cash invested: $60,200 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,764 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$128 /mo · $1,535/yr
• Insurance: −$90
• HOA: −$12
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $37

Break-even live

Break-even rent $1,718

Max offer price $215,000

Occupancy floor 93%

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
325 Oak Track Ct Ocala, FL	3.0	2.0	1163	$1,550	$1.33	21d	1	0.51mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	21d	1	0.57mi
217 Locust Pass Crse Ocala, FL	3.0	2.0	1232	$1,650	$1.34	13d	1	0.92mi
226 Oak Cir Ocala, FL	3.0	2.0	1406	$1,675	$1.19	13d	1	1.13mi
202 Oak Lane Cir Ocala, FL	3.0	2.0	1232	$1,650	$1.34	13d	1	1.15mi
8 Ash Pass Run Ocala, FL	3.0	2.0	1128	$1,650	$1.46	21d	1	1.18mi
219 Locust Ln Ocala, FL	3.0	2.0	1232	$1,650	$1.34	13d	1	1.26mi
2 Ash Dr Ocala, FL	3.0	2.0	1083	$1,750	$1.62	13d	1	1.30mi

HOA detail

• Monthly dues: $12 · $144/yr
• Likely covers: watertrashpool

Listing history 26 events

1. 2026-06-18
   days on market $215,000 Active 361 DOM
2. 2026-06-17
   days on market $215,000 Active 360 DOM
3. 2026-06-16
   days on market $215,000 Active 359 DOM
4. 2026-06-15
   days on market $215,000 Active 358 DOM
5. 2026-06-14
   days on market $215,000 Active 356 DOM
6. 2026-06-13
   days on market $215,000 Active 355 DOM
7. 2026-06-10
   days on market $215,000 Active 353 DOM
8. 2026-06-09
   days on market $215,000 Active 352 DOM
9. 2026-06-08
   days on market $215,000 Active 351 DOM
10. 2026-06-07
    days on market $215,000 Active 350 DOM
11. 2026-06-03
    days on market $215,000 Active 346 DOM
12. 2026-06-02
    days on market $215,000 Active 345 DOM
13. 2026-05-31
    days on market $215,000 Active 343 DOM
14. 2026-05-30
    days on market $215,000 Active 342 DOM
15. 2026-05-14
    price $215,000 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

16. 2026-05-08
    status Active 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

17. 2026-04-30
    status Pending 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

18. 2026-04-23
    price $219,900 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

19. 2026-03-23
    price $225,000 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

20. 2026-01-22
    price $239,900 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

21. 2025-12-15
    status Active 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

22. 2025-09-12
    price $245,000 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

23. 2025-08-03
    price $249,900 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

24. 2025-07-08
    price $255,000 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

25. 2025-06-01
    price $265,000 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

26. 2025-05-08
    listed $275,000 Active 1474-char remark

    Show marketing remark (1474 chars)

    If you have been sitting on the fence, now is the time! Significant price modification! Great value! HOME WARRANTY INCLUDED FOR THE NEW OWNER! Discover the charm, flexibility, and value of this 3-bedroom, 2-bathroom home located in the Lake Joy community of Silver Springs Shores. Situated on the non-lake side of the road, this property offers versatile living spaces designed to fit a variety of lifestyles. The converted garage provides an ideal home office, den, or expanded family room, complete with a convenient indoor laundry area. The fully fenced backyard offers excellent privacy and features double gates with plenty of green space—perfect for gardening, pets, or outdoor entertaining. Adding even more potential, the detached rear garage includes an unfinished in-law suite or studio-style space, with plumbing already in place for a future bathroom, creating an excellent opportunity for guest accommodations, multigenerational living, or potential rental use. Enjoy low annual HOA dues of just $145, which include trash service. Residents also have the option to join the nearby Silver Springs Shores Community Center for a nominal fee, offering access to a pool, tennis courts, park, and clubhouse. Recent updates include a water heater replaced in 2021. Roof is estimated at approximately 2008 (buyer to verify). This home delivers affordability, flexibility, and lifestyle amenities in one inviting package—don’t miss this opportunity!

ⓘ 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: $1,535 · $128/mo
• Projected year-2 tax: $1,784 · $149/mo
• Expected delta: +$249/yr (+$21/mo · 16.2%)

ⓘ 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 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $21,168
• − Mortgage interest: −$12,043
• − Property taxes: −$1,535
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,693
• − Management: −$1,693
• − HOA: −$144
• − Depreciation: −$6,255
• Taxable loss: −$3,270
• Est. tax savings @ 24.0%: +$785
• After-tax cash flow: $1,224/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

• Census place: Silver Springs Shores, FL
• 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

-21.8% since first listed

12 events — show timeline

• 2026-05-14 Price Changed $215,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $219,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-22 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-09-12 Price Changed $245,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-03 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Price Changed $255,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-01 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-08 Listed $275,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.1%/yr

Latest (2025): $1,535 · +18.6% YoY. Source: county tax records.