44 Redwood Rd · Silver Springs Shores, FL 34472

$229,900

3 bd · 2.0 ba · 1,153 sqft · SingleFamily public records · 2 Days on market

Built 1998 0.27 ac lot Est $223k · at est.

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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 +13.7/30.0
• Appreciation +8.0/10.0
• ARV discount +6.0/15.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

ONE OF THE BEST PRICED LOTS IN UNIT 26. 1 BLOCK FROM ENTRANCE TO GREENWAY TRAILS. SURVEY AVAILABLE. OWNER WILL FINANCE. TERMS NEGOTIABLE.

Key facts

• Quartz countertops
• Newer roof
• Screened-in lanai

Tags

• NEWER ROOF
• UPDATED KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WALK-IN SHOWER
• SCREENED-IN LANAI

Property features AI

Finance

• Other: Unfurnished
• HOA & community: No association

Exterior

• Parking: Carport (1 space)
• Utilities: Well water; Septic tank; Electricity connected; Water connected
• Home design: Single family residence; Residential property; One story; Faces southeast
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.27-acre lot (approx. 94 x 125)
• Exterior features: Shed(s); Asphalt road access

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Microwave; Range hood; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Ceiling fans; Stone counters; Sliding doors; Florida room
• Laundry & utility: Laundry in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $18 ($212/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 $178k (22.4% below list).
• Recommended offer: $178k (22.4% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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, 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); Forest High School (math 36% / reading 54%, grade D-, #228 of 667 statewide, top 35%, 2,325 students, 42% FRL).
• Market conditions: Rents flat; 674 active listings in the ZIP; 13 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).

Forward outlook

• In year one you build about $15k of equity ($2k loan paydown + $14k 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 $64k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 18y 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.
• Current owner paid $16k; list at $230k implies a 1383% 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; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $178,380 (22.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
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. 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.
5. 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.
6. 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: 0.78% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.33%
• DSCR: 1.01
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $222,529
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9 Hemlock Terrace Pass	0.49mi	3/2.0	1,153 (0%)	13mo	$243,000	$211	66
81 Pecan Dr	0.22mi	2/2.0 (-1)	1,278 (+11%)	1mo	$215,000	$168	66
6 Pecan Run Pl	0.21mi	3/2.0	1,320 (+14%)	6mo	$220,000	$167	61
9 Redwood Run Trce	0.25mi	3/2.0	1,003 (-13%)	11mo	$227,900	$227	57
11 Hemlock Terrace Trak	0.64mi	3/2.0	1,186 (+3%)	20mo	$224,825	$190	49
31 Pecan Drive Pass	0.74mi	3/2.0	1,324 (+15%)	23mo	$255,000	$193	22

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: 14.4%
• Equity multiple: 1.96×
• Total profit: $61,549
• Equity at exit: $143,546

10-year hold

• IRR: 13.9%
• Equity multiple: 3.66×
• Total profit: $171,288
• Equity at exit: $259,472

Cash invested: $64,372 (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: 10.7×

Monthly cashflow live

• Estimated rent: $1,784 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$90 /mo · $1,081/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $18

Break-even live

Break-even rent $1,761

Max offer price $229,900

Occupancy floor 94%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	21d	1	0.32mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	21d	1	0.33mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	21d	1	0.34mi
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	21d	1	0.35mi
36 Pecan Run Crse Ocala, FL	3.0	2.0	1188	$1,850	$1.56	13d	1	0.41mi
96 Redwood Rd Ocala, FL	3.0	2.0	1188	$1,650	$1.39	13d	1	0.41mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	13d	1	0.46mi
9 Teak Way Dr Ocala, FL	3.0	2.0	1352	$1,800	$1.33	13d	1	1.14mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	13d	1	1.24mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	21d	1	1.28mi
9 Banyan Course Run Ocala, FL	3.0	2.0	1345	$1,599	$1.19	21d	1	1.30mi
62 Teak Loop Ocala, FL	3.0	1.0	1018	$1,450	$1.42	13d	1	1.30mi
6688 Cherry Rd Ocala, FL	3.0	2.0	1270	$1,950	$1.54	13d	1	1.33mi

Listing history 3 events

1. 2026-05-20
   listed $229,900 Active
2. 2008-03-27
   soldstatus $15,500 137-char remark

   Show marketing remark (137 chars)

   ONE OF THE BEST PRICED LOTS IN UNIT 26. 1 BLOCK FROM ENTRANCE TO GREENWAY TRAILS. SURVEY AVAILABLE. OWNER WILL FINANCE. TERMS NEGOTIABLE.

3. 2008-02-19
   listed $19,900 137-char remark

   Show marketing remark (137 chars)

   ONE OF THE BEST PRICED LOTS IN UNIT 26. 1 BLOCK FROM ENTRANCE TO GREENWAY TRAILS. SURVEY AVAILABLE. OWNER WILL FINANCE. TERMS NEGOTIABLE.

ⓘ 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: $1,081 · $90/mo
• Projected year-2 tax: $1,908 · $159/mo
• Expected delta: +$827/yr (+$69/mo · 76.4%)

ⓘ 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 3/10 Moderate
• 🌡 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: $21,406
• − Mortgage interest: −$12,878
• − Property taxes: −$1,081
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,712
• − Management: −$1,712
• − Depreciation: −$6,688
• Taxable loss: −$3,816
• Est. tax savings @ 24.0%: +$916
• After-tax cash flow: $1,128/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

+1055.3% since first listed

3 events — show timeline

• 2026-05-20 Listed $229,900 Stellar MLS as Distributed by MLS Grid
• 2008-03-27 Sold (MLS) $15,500 Stellar MLS as Distributed by MLS Grid
• 2008-02-19 Listed $19,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+3.5%/yr

Latest (2025): $1,081 · +25.2% YoY. Source: county tax records.