16885 SE 71st St · Silver Springs Shores East, FL 32179

$205,000

3 bd · 1.5 ba · 1,260 sqft · SingleFamily public records · 10 Days on market

Built 1977 0.37 ac lot Est $237k · 13% under

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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).

• Cash flow +14.5/30.0
• ARV discount +13.6/15.0
• DSCR +4.4/10.0
• Schools +3.6/10.0
• 1% rule +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

ALWAYS WANTED TO LIVE ON THE WATER SURROUNDED BY NATURE?? HERE IS YOUR OPPORTUNITY. CONCRETE BLOCK 3 BDRM 1 ½ BATH HOME ON LAKE PLACID WITH BEAUTIFUL VIEWS AND ABUNDANT WATERFOWL AND SANDHILL CRANES…NOT TO MENTION THE FISHING!! LARGE ENCLOSED PORCH GREETS YOU AND IS IDEAL FOR PLAYROOM, STORAGE OR WHATEVER SUITS YOUR LIFESTYLE NEEDS. LIVING ROOM IS SPACIOUS WITH LUXURY VINYL FLOORING AND OPEN TO THE DINING AREA AND KITCHEN BOTH WITH TILE FLOORING. KITCHEN HAS GOOD STORAGE, WOOD CABINETS, NEWER APPLIANCES AND GRANITE COUNTERTOPS PLUS A BREAKFAST BAR!! AN OFFICE OR DEN OVERLOOKS THE LAKE AND LEADS TO AN OPEN PATIO FOR RELAXING AND ENJOYING THE VIEWS. PRIMARY AND 2ND BDRM HAVE NEW

Key facts

• Open patio
• Large enclosed porch
• Granite countertops

Tags

• LARGE ENCLOSED PORCH
• GOOD STORAGE
• GRANITE COUNTERTOPS
• BREAKFAST BAR
• OFFICE OR DEN
• OPEN PATIO

Property features AI

Finance

• Other: Property is homesteaded; Zoning: R4; Lot size approximately 0.37 acres (dimensions approx. 105 x 155)
• HOA & community: No HOA association (no association fee); Community features include deed restrictions and nearby airport/runway; Pets allowed

Exterior

• Parking: Driveway
• Utilities: Well water; Septic tank; Cable available; Electricity connected; Publicly maintained asphalt road access
• Home design: Single family residence; One story; Faces southwest; On lakefront (Lake Placid) with lake view and lake access; Approximately 105 feet of lake frontage
• Construction: Block and stucco construction; Metal roof; Built on slab foundation; Approximately 2015–2026 public records indicate current building area (see listing for details)
• Exterior features: Patio; Sliding doors; Storage; Gazebo; Chain link fencing; Mature landscaping with trees

Interior

• Kitchen: Range; Microwave; Refrigerator; Stone counters
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Concrete; Slab foundation
• Bathrooms: 1 full bath; 1 half bath
• Heating & cooling: Central heating; Electric heating; Ductless heating option; Central air conditioning
• Interior features: Ceiling fans; Stone counters; Bonus room; Den/office; Inside utility; Storage rooms
• Laundry & utility: Inside laundry room; Washer; Dryer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $46 ($554/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 $174k (15.1% below list).
• Recommended offer: $174k (15.1% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.2% in Silver Springs Shores East — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads: area grade D — 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: East Marion Elementary School (math 29% / reading 37%, grade F, #1,773 of 2,144 statewide, top 83%, 620 students, 79% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: 426 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 45% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $28k; list at $205k implies a 632% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; severe 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 $174,014 (15.1% below list)

Questions for the listing agent

1. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 0.85% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.97%
• DSCR: 1.04
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $236,880
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6555 SE 165th Ave	0.58mi	3/2.0	1,435 (+14%)	15mo	$269,900	$188	35

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: -14.8%
• Equity multiple: 0.47×
• Total profit: $-30,305
• Equity at exit: $30,566

10-year hold

• IRR: -6.1%
• Equity multiple: 0.60×
• Total profit: $-22,714
• Equity at exit: $17,725

Cash invested: $57,400 (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: 9.8×

Monthly cashflow live

• Estimated rent: $1,740 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$168 /mo · $2,017/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $46

Break-even live

Break-even rent $1,682

Max offer price $205,000

Occupancy floor 92%

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17200 SE 56th St Ocklawaha, FL	3.0	2.0	1275	$1,500	$1.18	21d	1	1.12mi

Listing history 9 events

1. 2026-06-18
   days on market $205,000 Active 10 DOM
2. 2026-06-17
   days on market $205,000 Active 9 DOM
3. 2026-06-16
   days on market $205,000 Active 8 DOM
4. 2026-06-15
   days on market $205,000 Active 7 DOM
5. 2026-06-14
   days on market $205,000 Active 5 DOM
6. 2026-06-13
   days on market $205,000 Active 4 DOM
7. 2026-06-10
   days on market $205,000 Active 2 DOM
8. 2026-06-09
   remarks 685-char remark
9. 2026-06-09
   listed $205,000 Active 1 DOM

ⓘ 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: $2,017 · $168/mo
• Projected year-2 tax: $2,017 · $168/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 8/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°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: $20,882
• − Mortgage interest: −$11,483
• − Property taxes: −$2,017
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,671
• − Management: −$1,671
• − Depreciation: −$5,964
• Taxable loss: −$2,948
• Est. tax savings @ 24.0%: +$707
• After-tax cash flow: $1,262/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

• 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

+632.1% since first listed

2 events — show timeline

• 2026-06-08 Listed $205,000 Stellar MLS as Distributed by MLS Grid
• 1984-05-01 Sold (Public Records) $28,000 Public Records

Property tax history

+9.5%/yr

Latest (2025): $2,017 · +13.5% YoY. Source: county tax records.