2432 SW 1st St · Ocala, FL 34475

$141,000

3 bd · 1.0 ba · 952 sqft · SingleFamily public records · 7 Days on market

Built 1956 7,841 sqft lot Est $153k · 8% under

---

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 +17.8/30.0
• ARV discount +11.1/15.0
• DSCR +5.6/10.0
• 1% rule +4.1/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this 3/1 near the Ocala Historic District. This is the last house located on a dead end street. 1950's Florida cottage style home in need of someone to love it back to its glory! Chain link fenced yard with c \ drive through gates on both sides. Shed in back yard for extra storage. Large open living room / dining room area with large kitchen. In-side laundry. Enjoy you time in the large backyard or in your glass enclosed front porch.

Key facts

• Brand new roof
• Updating bathroom
• Private

Tags

• BRAND NEW ROOF
• NEW WINDOWS
• UPDATING BATHROOM
• INSTANT HOT WATER HEATER
• GATED ALL AROUND
• PRIVATE

Property features AI

Finance

• Other: Property type: Residential — Single Family Residence; Zoning: RO; Not in a development; Furnished: Negotiable
• Financial info: No investor or income/expense details provided
• HOA & community: No association; Pets allowed (maximum pet weight 50 lbs)

Exterior

• Parking: No parking details provided
• Security: No security details provided
• Utilities: Public water; Public sewer; Electricity connected; Water connected
• Home design: Single family residence; One story; North-facing
• Construction: Frame construction; Shingle roof; Pillar/post/pier foundation; Completed condition; Built on a lot of approximately 0.18 acres
• Exterior features: Private mailbox; Asphalt road access

Interior

• Kitchen: Range; Range hood; Microwave; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: Three bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: One full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Open floorplan with living room/dining room combo; Split bedroom layout; Thermostat; Non-wood burning fireplace
• Laundry & utility: Laundry area inside the home, located in the kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $141k.

Deal economics

• At list price, monthly cash flow is $116 ($1k/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 $129k (8.5% below list).
• Recommended offer: $129k (8.5% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 4.2% in Ocala — 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 69/100 on livability (#476 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute 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: College Park Elementary School (math 46% / reading 37%, grade F, #1,437 of 2,144 statewide, top 68%, 840 students, 78% FRL); Forest High School (math 36% / reading 54%, grade D-, #228 of 667 statewide, top 35%, 2,325 students, 42% FRL) — zoned schools at 60% FRL track the district average.
• Market conditions: 199 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• At $1,290/mo this rent would consume 51% of the median local household income ($30k/yr) (locally 923% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $975 of loan paydown is wiped out by about $4k 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 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 3y 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 $80k; list at $141k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• 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 $128,965 (8.5% below list)

Questions for the listing agent

1. Built in 1956 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.91% ✗
• Cap rate: 7.28%
• Cash-on-cash: 3.54%
• DSCR: 1.16
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $153,272
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1937 SW 5 St	0.53mi	3/2.0	1,056 (+11%)	9mo	$181,000	$171	46
2023 NW 2nd St	0.39mi	3/2.0	1,092 (+15%)	16mo	$145,000	$133	40
761 NW 23rd Ave	0.57mi	3/2.0	1,054 (+11%)	17mo	$170,000	$161	38
1748 SW 5th St	0.65mi	2/1.0 (-1)	819 (-14%)	7mo	$105,000	$128	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: -10.8%
• Equity multiple: 0.61×
• Total profit: $-15,457
• Equity at exit: $21,024

10-year hold

• IRR: -1.5%
• Equity multiple: 0.90×
• Total profit: $-4,012
• Equity at exit: $12,191

Cash invested: $39,480 (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 34475

• Home prices YoY: -8.0%
• Active inventory: 199
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,290 high
• Mortgage (P&I): −$739
• Tax from tax record: −$104 /mo · $1,251/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $116

Break-even live

Break-even rent $1,142

Max offer price $141,000

Occupancy floor 86%

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: $35,250
• Closing costs: $4,230
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2305 SW 2nd St Unit A Ocala, FL	2.0	1.0	676	$1,175	$1.74	21d	1	0.20mi
1809 SW 3rd St Ocala, FL	2.0	1.0	600	$1,025	$1.71	13d	1	0.60mi
2006 SW 7th St Ocala, FL	2.0	1.0	700	$1,050	$1.50	21d	1	0.60mi
1911 NW 6th St Ocala, FL	3.0	1.0	877	$1,400	$1.60	13d	1	0.60mi
708 SW 20th Ave Ocala, FL	2.0	1.0	700	$999	$1.43	21d	1	0.61mi
12 NW 16th Ct Ocala, FL	2.0	1.0	576	$1,050	$1.82	21d	1	0.70mi
1421 SW 27th Ave Ocala, FL	2.0–4.0	1.0–2.0	1228	$1,489	$1.21	13d	19	0.88mi
1601 SW 27th Ave Ocala, FL	1.0–2.0	1.0–2.0	754	$1,357	$1.80	13d	18	0.99mi
1908 NW 13th Pl Ocala, FL	3.0	1.0	1000	$1,325	$1.32	21d	1	1.01mi
717 W Silver Springs Pl Ocala, FL	3.0	2.0	1000	$1,445	$1.45	13d	1	1.18mi
1949 SW 30th Ct Apt 202 Ocala, FL	2.0	1.0	882	$1,050	$1.19	21d	1	1.30mi
1949 SW 30th Ct Apt 201 Ocala, FL	2.0	1.0	882	$1,050	$1.19	13d	1	1.30mi
1920 SW 31st Ave Ocala, FL	1.0–2.0	1.0–1.5	800	$1,495	$1.87	13d	8	1.36mi
3041 SW 20th St Unit 5 Ocala, FL	2.0	1.5	1055	$1,075	$1.02	21d	1	1.37mi
NW 40th Avenue Rd Ocala, FL	2.0	1.0	1050	$1,050	$1.00	13d	1	1.46mi

Listing history 7 events

1. 2026-06-18
   days on market $141,000 Active 7 DOM
2. 2026-06-17
   days on market $141,000 Active 6 DOM
3. 2026-06-16
   days on market $141,000 Active 5 DOM
4. 2026-06-15
   days on market $141,000 Active 4 DOM
5. 2026-06-14
   days on market $141,000 Active 2 DOM
6. 2026-06-13
   remarks 693-char remark
7. 2026-06-13
   listed $141,000 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: $1,251 · $104/mo
• Projected year-2 tax: $1,251 · $104/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,476
• − Mortgage interest: −$7,898
• − Property taxes: −$1,251
• − Insurance: −$705
• − Repairs & maintenance: −$1,238
• − Management: −$1,238
• − Depreciation: −$4,102
• Taxable loss: −$956
• Est. tax savings @ 24.0%: +$229
• After-tax cash flow: $1,627/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 — Ocala

• Score: 69/100
• State rank: #476
• US rank: #8461

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocala, FL
• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 14,301
• Household income: $30,174
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 923.0

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 0.68)
• Race & ethnicity: Black 44% White 30% Hispanic / Latino 19% Two or more races 11%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 3%
• Common ancestry: Serbian 2% Hispanic 1% Lithuanian 1%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 13% French/Haitian/Cajun 2%

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: ▼ -22.26%
• Current HPI: 254.6319
• 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

+41.1% since first listed

10 events — show timeline

• 2026-06-11 Listed $141,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-07-31 Price Changed $99,500 Stellar MLS as Distributed by MLS Grid
• 2024-07-31 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2024-07-24 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-29 Sold (MLS) $80,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-12-20 Price Changed $84,900 Stellar MLS as Distributed by MLS Grid
• 2023-11-21 Price Changed $94,900 Stellar MLS as Distributed by MLS Grid
• 2023-10-10 Listed $99,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+244.4%/yr

Latest (2025): $1,251 · -1.2% YoY. Source: county tax records.