8791 SE 88th Ave · Silver Springs Shores, FL 34472

$199,900

3 bd · 2.0 ba · 1,642 sqft · SingleFamily public records · 323 Days on market

Built 1982 10,019 sqft lot $122/sqft · 10% below area Est $183k · 9% over

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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 +11.5/30.0
• Appreciation +8.0/10.0
• 1% rule +3.6/10.0
• Schools +3.6/10.0
• ARV discount +3.5/15.0
• DSCR +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great starter 3/2/1 home or flip and it's PRICED TO SELL. It has a lot of great features to include a Large backyard that conveys a large storage shed, ideal for extra storage or workshop use. This Concrete block home sits on a Corner Lot and it features Lots of solid surface flooring, inside you'll find durable tile flooring throughout the main living areas, including the living room, dining area, kitchen, laundry, and hallways. Only 3 of the bedrooms are carpeted. The Garage is heated and cooled providing a versatile space that can possibly be used for a large 4th bedroom with exterior service door. It can also be used as a possible room rental because it has a private exterior exit door. This home features a spacious inside laundry, new A/C unit installed August 2022, a new hot water heater installed in November 2020, and a new roofing system (25 year architectural shingles) in May 2025. Move in Ready. Ideal for first time home buyers or home investors. It can easily be shown with a courtesy 24hr notice.

Key facts

• Large backyard
• Large storage shed
• Corner lot

Tags

• LARGE BACKYARD
• LARGE STORAGE SHED
• CORNER LOT
• SOLID SURFACE FLOORING
• DURABLE TILE FLOORING
• HEATED AND COOLED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-65 ($-783/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (5.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (13.8% below list).
• Recommended offer: $172k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.7% in Silver Springs Shores — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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; 682 active listings in the ZIP; 18 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).
• This rent runs 32% 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 $13k of equity ($1k loan paydown + $12k 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 $56k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 323 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $25k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $200k implies a 263% 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,371 (13.8% 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 323 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.86% ✗
• Cap rate: 5.90%
• Cash-on-cash: -1.40%
• DSCR: 0.94
• GRM: 9.7

CMA / ARV

• ARV (median comp): $183,476
• List price: $199,900
• Delta: 8.95%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2 Brook Rd	0.22mi	3/2.0	1,758 (+7%)	11mo	$132,500	$75	69
7 Emerald Way	0.73mi	3/2.0	1,680 (+2%)	14mo	$160,000	$95	50
13 Brook Pl	0.36mi	3/2.0	1,473 (-10%)	21mo	$285,000	$193	49
3 Bahia Court Trce	0.61mi	3/2.0	1,506 (-8%)	14mo	$285,000	$189	46
26 Sapphire Run	0.72mi	3/2.5	1,878 (+14%)	6mo	$135,000	$72	36
21 Holly Rd	0.75mi	3/2.0	1,471 (-10%)	18mo	$279,900	$190	33
11 Silver Dr	0.74mi	3/2.0	1,456 (-11%)	17mo	$230,000	$158	33

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: 12.9%
• Equity multiple: 1.86×
• Total profit: $48,038
• Equity at exit: $124,814

10-year hold

• IRR: 12.6%
• Equity multiple: 3.43×
• Total profit: $136,249
• Equity at exit: $225,613

Cash invested: $55,972 (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: 682
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,724 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$295 /mo · $3,545/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$362
• Net cashflow: $-65

Break-even live

Break-even rent $1,806

Max offer price $188,367

Occupancy floor 99%

Sensitivity live

Price	-10% $48	-5% $-9	+0% $-65	+5% $-122	+10% $-178
Rent	-10% $-201	-5% $-133	+0% $-65	+5% $3	+10% $71
Rate	-1.0pp $35	-0.5pp $-14	base $-65	+0.5pp $-117	+1.0pp $-170

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8 Ash Pass Run Ocala, FL	3.0	2.0	1128	$1,650	$1.46	22d	1	0.42mi
2 Ash Dr Ocala, FL	3.0	2.0	1083	$1,750	$1.62	15d	1	0.59mi
60 Bahia Court Trak Ocala, FL	3.0	2.0	1413	$1,695	$1.20	22d	1	0.70mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	22d	1	0.71mi
226 Oak Cir Ocala, FL	3.0	2.0	1406	$1,675	$1.19	15d	1	0.74mi
478 Water Pl Ocala, FL	3.0	2.0	1228	$1,650	$1.34	22d	1	0.89mi
9337 Bahia Rd Ocala, FL	3.0	2.0	1402	$1,765	$1.26	15d	1	0.91mi
455 Water Rd Ocala, FL	3.0	2.0	1275	$1,450	$1.14	15d	1	0.96mi
446 Water Rd Ocala, FL	3.0	2.0	1248	$1,425	$1.14	22d	1	1.02mi
708 Bahia Cir Ocala, FL	3.0	2.0	1352	$1,500	$1.11	22d	1	1.07mi
619 Silver Pass Ocala, FL	3.0	2.0	1510	$1,495	$0.99	22d	1	1.20mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	22d	1	1.25mi
9610 Bahia Rd Ocala, FL	4.0	2.0	1617	$1,895	$1.17	22d	1	1.29mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	22d	1	1.38mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	22d	1	1.39mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	15d	1	1.40mi
5 Olive Dr Ocala, FL	3.0	2.0	1450	$1,800	$1.24	22d	1	1.42mi
106 Oak Cir Ocala, FL	3.0	2.0	1453	$1,795	$1.24	15d	1	1.49mi

Listing history 21 events

1. 2026-06-18
   days on market $199,900 Active 323 DOM
2. 2026-06-17
   days on market $199,900 Active 322 DOM
3. 2026-06-16
   days on market $199,900 Active 321 DOM
4. 2026-06-15
   days on market $199,900 Active 320 DOM
5. 2026-06-14
   days on market $199,900 Active 318 DOM
6. 2026-06-13
   days on market $199,900 Active 317 DOM
7. 2026-06-10
   days on market $199,900 Active 315 DOM
8. 2026-06-09
   days on market $199,900 Active 314 DOM
9. 2026-06-08
   days on market $199,900 Active 313 DOM
10. 2026-06-07
    days on market $199,900 Active 312 DOM
11. 2026-06-03
    days on market $199,900 Active 308 DOM
12. 2026-06-02
    days on market $199,900 Active 307 DOM
13. 2026-05-31
    days on market $199,900 Active 305 DOM
14. 2026-05-30
    days on market $199,900 Active 304 DOM
15. 2025-12-05
    price $199,900 1030-char remark

    Show marketing remark (1030 chars)

    Great starter 3/2/1 home or flip and it's PRICED TO SELL. It has a lot of great features to include a Large backyard that conveys a large storage shed, ideal for extra storage or workshop use. This Concrete block home sits on a Corner Lot and it features Lots of solid surface flooring, inside you'll find durable tile flooring throughout the main living areas, including the living room, dining area, kitchen, laundry, and hallways. Only 3 of the bedrooms are carpeted. The Garage is heated and cooled providing a versatile space that can possibly be used for a large 4th bedroom with exterior service door. It can also be used as a possible room rental because it has a private exterior exit door. This home features a spacious inside laundry, new A/C unit installed August 2022, a new hot water heater installed in November 2020, and a new roofing system (25 year architectural shingles) in May 2025. Move in Ready. Ideal for first time home buyers or home investors. It can easily be shown with a courtesy 24hr notice.

16. 2025-07-30
    listed $225,000 Active 1030-char remark

    Show marketing remark (1030 chars)

    Great starter 3/2/1 home or flip and it's PRICED TO SELL. It has a lot of great features to include a Large backyard that conveys a large storage shed, ideal for extra storage or workshop use. This Concrete block home sits on a Corner Lot and it features Lots of solid surface flooring, inside you'll find durable tile flooring throughout the main living areas, including the living room, dining area, kitchen, laundry, and hallways. Only 3 of the bedrooms are carpeted. The Garage is heated and cooled providing a versatile space that can possibly be used for a large 4th bedroom with exterior service door. It can also be used as a possible room rental because it has a private exterior exit door. This home features a spacious inside laundry, new A/C unit installed August 2022, a new hot water heater installed in November 2020, and a new roofing system (25 year architectural shingles) in May 2025. Move in Ready. Ideal for first time home buyers or home investors. It can easily be shown with a courtesy 24hr notice.

17. 2023-05-31
    historical
18. 2022-12-20
    listed $219,900 Active
19. 2000-03-02
    soldstatus $55,000
20. 1986-01-01
    soldstatus $58,000
21. 1982-01-01
    soldstatus $13,900

ⓘ 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: $3,545 · $295/mo
• Projected year-2 tax: $3,545 · $295/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 5/10 Major
• 🌡 Heat 9/10 Extreme 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: $20,685
• − Mortgage interest: −$11,198
• − Property taxes: −$3,545
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,655
• − Management: −$1,655
• − Depreciation: −$5,815
• Taxable loss: −$4,182
• Est. tax savings @ 24.0%: +$1,004
• After-tax cash flow: $220/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

+1338.1% since first listed

7 events — show timeline

• 2025-12-05 Price Changed $199,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-30 Listed $225,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-12-20 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2000-03-02 Sold (Public Records) $55,000 Public Records
• 1986-01-01 Sold (Public Records) $58,000 Public Records
• 1982-01-01 Sold (Public Records) $13,900 Public Records

Property tax history

+16.3%/yr

Latest (2025): $3,545 · +6.4% YoY. Source: county tax records.