3508 Ridgewood Path · The Villages, FL 32163

$374,999

3 bd · 2.0 ba · 1,561 sqft · SingleFamily public records · 132 Days on market

Built 2012 7,228 sqft lot Est $376k · at est. ↓ 3% since listing

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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 +12.5/30.0
• Appreciation +10.0/10.0
• ARV discount +7.6/15.0
• Schools +5.2/10.0
• DSCR +3.7/10.0
• Livability +3.5/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

8X16 REAR PATIO ! - * NEW HVAC - 11/24 - 2CAR PLUS GOLFCART GARAGE * COMPLETE PRIVACY * LIGHTING RODS * CERAMIC TILE * NEW INTERIOR PAINT * Welcome to this stunning Cottage-Style Seabreeze floorplan, perfectly located in the highly desirable Village of Fernandina, one of the most convenient and sought-after locations in The Villages. This beautifully maintained 3-bedroom, 2-bath home combines comfort, functionality, and exceptional privacy. One of the standout features of this property is its rare rear privacy, backing to a road rather than another home—providing open views and a peaceful setting that is highly valued throughout the community. Designed for both everyday living and e

Key facts

• Open views
• Bright open layout
• Rare rear privacy

Tags

• RARE REAR PRIVACY
• OPEN VIEWS
• BRIGHT OPEN LAYOUT
• SPACIOUS LIVING AREAS
• COMFORTABLE GUEST ROOMS
• WELL APPOINTED PRIMARY SUITE

Property features AI

Finance

• Other: Public directions provided; Unfurnished; No home warranty
• Financial info: CDD exists; Lease restrictions apply
• HOA & community: Clubhouse; Pool; Fitness center; Dog park; Playground; Recreation facilities; Tennis courts; Pickleball courts; Basketball court; Shuffleboard court; Trails; Street lights; Golf and golf carts allowed; Deed restrictions; Vehicle restrictions; Senior community; Pets allowed; No association fee requirement

Exterior

• Parking: Driveway; Garage door opener; Golf cart garage and golf cart parking; Ground-level, oversized tandem garage; 3 garage spaces
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Sewer connected; Water connected; Underground utilities; Sprinkler meter (reclaimed irrigation in community)
• Home design: Single family residence; One story; Attached property; West-facing
• Construction: Vinyl siding and frame construction; Shingle roof; Slab foundation; Built by Cottage (Seabreeze model)
• Exterior features: Screened patio/porch; Sliding doors; Sprinkler meter; Tennis court(s); Irrigation equipment; Trees and landscaped grounds; Cleared, landscaped, level and oversized lot; Near golf course; Paved surfaces

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Exhaust fan; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Heat pump; Central air conditioning
• Interior features: Ceiling fans; High ceilings; Open floorplan with living/dining combo; Thermostat; Window treatments (blinds)
• Laundry & utility: Washer; Dryer; Laundry located inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $-120 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $354k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $303k (19.3% below list).
• Recommended offer: $303k (19.3% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 5.0% in The Villages — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 70/100 on livability (#431 in FL) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, housing A; Watch: amenities F, commute F, health & safety F.
• Sumter (rural): math 61% / reading 61% proficiency, ranked #11 of 73 in FL (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 265 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,961 units permitted in Sumter County in 2024 (248 in 5+ unit buildings).
• This rent runs 38% of the median local income ($97k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $40k of equity ($3k loan paydown + $38k appreciation (10.0% local appreciation)).
• Sumter County population projected at +45% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($330k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $302,722 (19.3% 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 132 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.81% ✗
• Cap rate: 6.12%
• Cash-on-cash: -0.61%
• DSCR: 0.97
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $376,201
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1393 Ducksbury St	0.14mi	3/2.0	1,574 (+1%)	6mo	$380,000	$241	87
3394 Ridgewood Path	0.28mi	3/2.0	1,559 (-0%)	5mo	$382,500	$245	82
3632 Ukulele St	0.25mi	3/2.0	1,597 (+2%)	5mo	$375,000	$235	80
1494 Walnut Way	0.14mi	3/2.0	1,625 (+4%)	12mo	$394,300	$243	77
3448 Inverary Ave	0.23mi	3/2.0	1,392 (-11%)	3mo	$330,000	$237	69
1106 Hollyhock Way	0.59mi	3/2.0	1,536 (-2%)	1mo	$369,900	$241	69
3564 Nomad Ter	0.47mi	3/2.0	1,536 (-2%)	12mo	$375,000	$244	65
1309 Piney Woods Path	0.37mi	3/2.0	1,699 (+9%)	8mo	$504,000	$297	61
3554 Oracle Ct	0.66mi	3/2.0	1,575 (+1%)	10mo	$347,000	$220	59
3630 Anvil Ave	0.73mi	3/2.0	1,589 (+2%)	5mo	$375,000	$236	59
3198 Abana Path	0.70mi	3/2.0	1,665 (+7%)	6mo	$370,000	$222	51
1080 Tipton Ln	0.64mi	3/2.0	1,357 (-13%)	7mo	$350,000	$258	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.3%
• Equity multiple: 2.87×
• Total profit: $196,603
• Equity at exit: $337,829

10-year hold

• IRR: 20.8%
• Equity multiple: 6.57×
• Total profit: $584,955
• Equity at exit: $728,541

Cash invested: $105,000 (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 32163

• Home prices YoY: 9.8%
• Active inventory: 265
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $3,027 high
• Mortgage (P&I): −$1,967
• Tax from tax record: −$322 /mo · $3,864/yr
• Insurance: −$156
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$636
• Net cashflow: $-120

Break-even live

Break-even rent $3,179

Max offer price $353,843

Occupancy floor 99%

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3394 Ridgewood Path The Villages, FL	3.0	2.0	1559	$4,000	$2.57	21d	1	0.29mi
3314 Abana Path Unit 1525266P The Villages, FL	3.0	2.0	1571	$1,770	$1.13	21d	1	0.53mi
964 Wren St The Villages, FL	2.0	2.0	1161	$2,200	$1.89	21d	1	0.74mi
3068 Islawild Way The Villages, FL	3.0	2.0	1542	$2,200	$1.43	21d	1	1.05mi
2875 Rain Lily Loop The Villages, FL	3.0	2.0	1965	$4,490	$2.28	21d	1	1.27mi
798 Journey Ln The Villages, FL	3.0	2.0	1551	$2,300	$1.48	21d	1	1.34mi

Listing history 19 events

1. 2026-06-19
   days on market $374,999 Active 132 DOM
2. 2026-06-18
   days on market $374,999 Active 131 DOM
3. 2026-06-17
   days on market $374,999 Active 130 DOM
4. 2026-06-16
   days on market $374,999 Active 129 DOM
5. 2026-06-15
   days on market $374,999 Active 128 DOM
6. 2026-06-14
   days on market $374,999 Active 126 DOM
7. 2026-06-13
   days on market $374,999 Active 125 DOM
8. 2026-06-10
   days on market $374,999 Active 123 DOM
9. 2026-06-09
   days on market $374,999 Active 122 DOM
10. 2026-06-08
    days on market $374,999 Active 121 DOM
11. 2026-06-07
    days on market $374,999 Active 120 DOM
12. 2026-06-02
    days on market $374,999 Active 115 DOM
13. 2026-06-01
    days on market $374,999 Active 114 DOM
14. 2026-05-31
    days on market $374,999 Active 113 DOM
15. 2026-05-30
    days on market $374,999 Active 112 DOM
16. 2026-05-09
    price $374,999
17. 2026-03-12
    price $375,000
18. 2026-03-05
    price $384,000
19. 2026-02-07
    listed $385,000 Active

ⓘ 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: $3,864 · $322/mo
• Projected year-2 tax: $3,864 · $322/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥108°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,327
• − Mortgage interest: −$21,006
• − Property taxes: −$3,864
• − Insurance: −$2,672
• − Repairs & maintenance: −$2,906
• − Management: −$2,906
• − Depreciation: −$10,909
• Taxable loss: −$7,937
• Est. tax savings @ 24.0%: +$1,905
• After-tax cash flow: $468/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: Sumter
• NCES district ID: 1201800
• Math proficiency: 61% ▼ -4.00%
• Reading proficiency: 61% ▼ -2.00%
• Median HH income: $48,240
• Composite: 51.74/100
• National rank: #1682
• State rank: #11 of 73 in FL

Livability — The Villages

• Score: 70/100
• State rank: #431
• US rank: #7363

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: The Villages, FL
• County: Sumter County · 110,591 people
• City population: 83,973
• Metro: The Villages, FL
• Population (ZIP): 28,549
• Household income: $96,775
• Rent vs Own: 5.7% rent · 94.3% own
• Severe rent burden: 307.0

Population outlook (Sumter County) Hauer SSP2

• Today (2025): 161,172 people
• By 2030: 180,083 · +11.7%
• By 2040: 209,892 · +30.2%
• By 2050: 234,186 · +45.3%
• By 2075: 284,602 · +76.6%
• By 2100: 317,039 · +96.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 2% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 6% Lithuanian 3% Iranian 3%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 2% Vietnamese 1% Other Indo-European 0%

Political lean MEDSL · Sumter

• 2024 margin: Solid R (+37.6) · D 30.9% · R 68.6%
• 2008→2024 swing: -10.6pp toward R · 2008: -27.0pp · 2024: -37.6pp
• All cycles: 2024: R+37.6 2020: R+36.1 2016: R+39.2 2012: R+34.9 2008: R+27.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 20.47%
• Current HPI: 229.0075
• Rent YoY: —
• Metro: The Villages, 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

-2.6% since first listed

4 events — show timeline

• 2026-05-09 Price Changed $374,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-12 Price Changed $375,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $384,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-07 Listed $385,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+4.6%/yr

Latest (2025): $3,864 · +0.3% YoY. Source: county tax records.