506 Silver Crse Unit B · Silver Springs Shores, FL 34472

$153,000

2 bd · 2.0 ba · 1,113 sqft · Condo public records · 244 Days on market

Built 1981 $304/mo HOA · 22% of rent

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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
• ARV discount +7.5/15.0
• Cash flow +7.1/30.0
• 1% rule +4.2/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0

Listing remarks MLS

You don't want to miss this! Whether you're looking for a place to snowbird, or a primary residence this beautiful condo is exactly what you're looking for. Newly replaced flooring, new appliances, and like-new furniture is just part of what makes this unit so special. The 55+ community offers a very quiet atmosphere and a community pool for refreshment. Located just 1 mile from the Silver Springs Shores Community Center, have unlimited access to pools, hot tub, pickleball, volleyball, fitness center, billiards room, and many social events! All for just $5 per year! Conveniently located just a few minutes from Walmart, Publix, Aldi, restaurants, and Walgreens, this a great place to call home.

Key facts

• Fitness center
• Community pool
• Access to pools

Tags

• TURNKEY CONDO
• COMMUNITY POOL
• ACCESS TO POOLS
• FITNESS CENTER
• BILLIARDS ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $153k.

Deal economics

• At list price, monthly cash flow is $-214 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $115k (24.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $141k (7.9% below list).
• Recommended offer: $115k (24.7% below list) — sets the bar for cash-flow.

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, amenities 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.
• Zoned schools: Greenway Elementary School (math 33% / reading 35%, grade F, #1,744 of 2,144 statewide, top 82%, 736 students, 67% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: Rents flat; 683 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k 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 4, 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 244 days — a 12% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 19y 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: HOA is 22% of rent.
• 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 $115,151 (24.7% 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 244 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.92% ✗
• Cap rate: 4.61%
• Cash-on-cash: -6.00%
• DSCR: 0.73
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 9.1%
• Equity multiple: 1.61×
• Total profit: $26,202
• Equity at exit: $95,531

10-year hold

• IRR: 9.6%
• Equity multiple: 2.90×
• Total profit: $81,240
• Equity at exit: $172,681

Cash invested: $42,840 (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: 683
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,409 high
• Mortgage (P&I): −$802
• Tax from tax record: −$157 /mo · $1,886/yr
• Insurance: −$64
• HOA: −$304
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $-214

Break-even live

Break-even rent $1,680

Max offer price $115,151

Occupancy floor —

Sensitivity live

Price	-10% $-128	-5% $-171	+0% $-214	+5% $-258	+10% $-301
Rent	-10% $-326	-5% $-270	+0% $-214	+5% $-159	+10% $-103
Rate	-1.0pp $-137	-0.5pp $-175	base $-214	+0.5pp $-254	+1.0pp $-294

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: $38,250
• Closing costs: $4,590
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	22d	1	0.09mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	15d	1	0.14mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	22d	1	0.15mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	22d	1	0.16mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	22d	1	0.16mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	22d	1	0.17mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	22d	1	0.17mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	22d	1	0.17mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	22d	1	0.19mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	22d	1	0.24mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	15d	1	0.24mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	15d	1	0.26mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	22d	1	0.27mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	22d	1	0.33mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	22d	1	0.35mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	22d	1	0.37mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	15d	1	0.49mi
708 Bahia Cir Ocala, FL	3.0	2.0	1352	$1,500	$1.11	22d	1	0.52mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	15d	1	0.53mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	22d	1	0.53mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	22d	1	0.75mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	22d	1	0.76mi
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	22d	1	0.82mi
9337 Bahia Rd Ocala, FL	3.0	2.0	1402	$1,765	$1.26	15d	1	0.85mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	22d	1	0.85mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	22d	1	0.88mi
478 Water Pl Ocala, FL	3.0	2.0	1228	$1,650	$1.34	22d	1	0.90mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	22d	1	0.93mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	22d	1	0.97mi
455 Water Rd Ocala, FL	3.0	2.0	1275	$1,450	$1.14	15d	1	0.98mi
446 Water Rd Ocala, FL	3.0	2.0	1248	$1,425	$1.14	22d	1	0.99mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	22d	1	1.14mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	22d	1	1.15mi
7455 Midway Ter Unit K Ocala, FL	2.0	1.0	904	$1,249	$1.38	22d	1	1.16mi
13 Pine Radial Dr Ocala, FL	3.0	2.0	1453	$1,795	$1.24	22d	1	1.17mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	15d	1	1.26mi
60 Bahia Court Trak Ocala, FL	3.0	2.0	1413	$1,695	$1.20	22d	1	1.42mi

HOA detail condo

• Monthly dues: $304 · $3,648/yr
• Likely covers: poolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-03
   days on market $153,000 Active 244 DOM
2. 2026-06-02
   days on market $153,000 Active 243 DOM
3. 2026-05-31
   days on market $153,000 Active 241 DOM
4. 2026-05-30
   days on market $153,000 Active 240 DOM
5. 2026-03-05
   status Active 701-char remark

   Show marketing remark (701 chars)

   You don't want to miss this! Whether you're looking for a place to snowbird, or a primary residence this beautiful condo is exactly what you're looking for. Newly replaced flooring, new appliances, and like-new furniture is just part of what makes this unit so special. The 55+ community offers a very quiet atmosphere and a community pool for refreshment. Located just 1 mile from the Silver Springs Shores Community Center, have unlimited access to pools, hot tub, pickleball, volleyball, fitness center, billiards room, and many social events! All for just $5 per year! Conveniently located just a few minutes from Walmart, Publix, Aldi, restaurants, and Walgreens, this a great place to call home.

6. 2026-03-05
   price $153,000 701-char remark

   Show marketing remark (701 chars)

   You don't want to miss this! Whether you're looking for a place to snowbird, or a primary residence this beautiful condo is exactly what you're looking for. Newly replaced flooring, new appliances, and like-new furniture is just part of what makes this unit so special. The 55+ community offers a very quiet atmosphere and a community pool for refreshment. Located just 1 mile from the Silver Springs Shores Community Center, have unlimited access to pools, hot tub, pickleball, volleyball, fitness center, billiards room, and many social events! All for just $5 per year! Conveniently located just a few minutes from Walmart, Publix, Aldi, restaurants, and Walgreens, this a great place to call home.

7. 2026-02-28
   historical 701-char remark

   Show marketing remark (701 chars)

   You don't want to miss this! Whether you're looking for a place to snowbird, or a primary residence this beautiful condo is exactly what you're looking for. Newly replaced flooring, new appliances, and like-new furniture is just part of what makes this unit so special. The 55+ community offers a very quiet atmosphere and a community pool for refreshment. Located just 1 mile from the Silver Springs Shores Community Center, have unlimited access to pools, hot tub, pickleball, volleyball, fitness center, billiards room, and many social events! All for just $5 per year! Conveniently located just a few minutes from Walmart, Publix, Aldi, restaurants, and Walgreens, this a great place to call home.

8. 2025-09-27
   listed $159,900 Active 701-char remark

   Show marketing remark (701 chars)

   You don't want to miss this! Whether you're looking for a place to snowbird, or a primary residence this beautiful condo is exactly what you're looking for. Newly replaced flooring, new appliances, and like-new furniture is just part of what makes this unit so special. The 55+ community offers a very quiet atmosphere and a community pool for refreshment. Located just 1 mile from the Silver Springs Shores Community Center, have unlimited access to pools, hot tub, pickleball, volleyball, fitness center, billiards room, and many social events! All for just $5 per year! Conveniently located just a few minutes from Walmart, Publix, Aldi, restaurants, and Walgreens, this a great place to call home.

9. 2023-08-17
   soldstatus $145,000
10. 2023-08-15
    soldstatus $145,000 Closed 515-char remark

    Show marketing remark (515 chars)

    Under contract-accepting backup offers. Update: Brand new Stainless Steel Appliances Just installed! Imagine relaxing on your private screened lanai while watching the birds and deer frolic in the early morning. Walk a few paces to the community pool while enjoying the peaceful serenity of the surrounding nature. With both bathrooms newly renovated and a full size washer and dryer included, this unit will not disappoint. Priced to sell and with motivated sellers, don't hesitate to schedule your showing today.

11. 2023-07-27
    status Pending 515-char remark

    Show marketing remark (515 chars)

    Under contract-accepting backup offers. Update: Brand new Stainless Steel Appliances Just installed! Imagine relaxing on your private screened lanai while watching the birds and deer frolic in the early morning. Walk a few paces to the community pool while enjoying the peaceful serenity of the surrounding nature. With both bathrooms newly renovated and a full size washer and dryer included, this unit will not disappoint. Priced to sell and with motivated sellers, don't hesitate to schedule your showing today.

12. 2023-06-15
    listed $139,000 Active 515-char remark

    Show marketing remark (515 chars)

    Under contract-accepting backup offers. Update: Brand new Stainless Steel Appliances Just installed! Imagine relaxing on your private screened lanai while watching the birds and deer frolic in the early morning. Walk a few paces to the community pool while enjoying the peaceful serenity of the surrounding nature. With both bathrooms newly renovated and a full size washer and dryer included, this unit will not disappoint. Priced to sell and with motivated sellers, don't hesitate to schedule your showing today.

13. 2016-06-02
    soldstatus $45,000
14. 2016-05-31
    soldstatus $45,000
15. 2016-03-22
    listed $45,000
16. 2014-11-13
    soldstatus $40,000
17. 2014-11-07
    soldstatus $40,000
18. 2014-08-28
    listed $42,500
19. 2014-08-28
    historical
20. 2014-02-28
    listed $42,500
21. 2014-02-25
    historical
22. 2013-09-25
    listed $49,900
23. 2008-01-31
    historical
24. 2007-02-22
    listed $94,999
25. 1983-04-01
    soldstatus $53,000

ⓘ 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: $1,886 · $157/mo
• Projected year-2 tax: $1,886 · $157/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 · 22 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: $16,907
• − Mortgage interest: −$8,570
• − Property taxes: −$1,886
• − Insurance: −$765
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − HOA: −$3,648
• − Depreciation: −$4,451
• Taxable loss: −$5,119
• Est. tax savings @ 24.0%: +$1,229
• After-tax cash flow: $-1,343/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

+188.7% since first listed

21 events — show timeline

• 2026-03-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $153,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-27 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2023-08-17 Sold (Public Records) $145,000 Public Records
• 2023-08-15 Sold (MLS) $145,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-06-15 Listed $139,000 Stellar MLS as Distributed by MLS Grid
• 2016-06-02 Sold (Public Records) $45,000 Public Records
• 2016-05-31 Sold (MLS) $45,000 Stellar MLS as Distributed by MLS Grid
• 2016-03-22 Listed $45,000 Stellar MLS as Distributed by MLS Grid
• 2014-11-13 Sold (Public Records) $40,000 Public Records
• 2014-11-07 Sold (MLS) $40,000 Stellar MLS as Distributed by MLS Grid
• 2014-08-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-08-28 Listed $42,500 Stellar MLS as Distributed by MLS Grid
• 2014-02-28 Listed $42,500 Stellar MLS as Distributed by MLS Grid
• 2014-02-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2013-09-25 Listed $49,900 Stellar MLS as Distributed by MLS Grid
• 2008-01-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-02-22 Listed $94,999 Stellar MLS as Distributed by MLS Grid
• 1983-04-01 Sold (Public Records) $53,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,886 · +15.2% YoY. Source: county tax records.