80 Hickory Crse · Silver Springs Shores, FL 34472

$239,900

4 bd · 2.0 ba · 2,319 sqft · SingleFamily public records · 69 Days on market

Built 2019 0.26 ac lot $103/sqft · 29% below area Est $337k · 29% under $56/mo HOA · 2% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +14.5/30.0
• Appreciation +8.0/10.0
• 1% rule +4.7/10.0
• DSCR +4.4/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Short sale opportunity on a newer home built in 2019 and well maintained. This property offers a great layout and strong overall condition, making it an excellent option for buyers seeking value. Home is equipped with solar panels, offering potential energy savings; buyer to assume the solar agreement. Sale subject to lender approval. Act quickly, multiple offers may be considered

Key facts

• Solar panels
• 0.26 acre lot
• 2 garage spots

Tags

• SOLAR PANELS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $54 ($649/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 $233k (2.9% below list).
• Recommended offer: $226k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.6% 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, 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; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 44% 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 $16k 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 $67k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $225,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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.
7. 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.
8. 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: 0.97% ✗
• Cap rate: 6.56%
• Cash-on-cash: 0.97%
• DSCR: 1.04
• GRM: 8.6

CMA / ARV

• ARV (median comp): $336,637
• List price: $239,900
• Delta: -28.74%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
324 Hickory Course Radl	0.13mi	4/2.0	2,326 (+0%)	22mo	$328,000	$141	75
131 Hickory Course Trl	0.42mi	4/2.0	2,319 (0%)	22mo	$324,990	$140	62
113 Hickory Loop	0.54mi	3/2.0 (-1)	2,457 (+6%)	14mo	$375,000	$153	48
71 Hickory Loop Way	0.71mi	4/3.0	2,429 (+5%)	9mo	$381,000	$157	48
123 Hickory Course Trl	0.42mi	5/3.0 (+1)	2,605 (+12%)	21mo	$356,990	$137	33
19 Hemlock Run	0.45mi	4/3.0	1,990 (-14%)	22mo	$320,000	$161	33
10 Bahia Trace Loop	0.55mi	3/2.0 (-1)	2,000 (-14%)	18mo	$360,000	$180	32

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: 14.7%
• Equity multiple: 1.97×
• Total profit: $65,412
• Equity at exit: $149,790

10-year hold

• IRR: 14.0%
• Equity multiple: 3.66×
• Total profit: $178,527
• Equity at exit: $270,759

Cash invested: $67,172 (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: 8.6×

Monthly cashflow live

• Estimated rent: $2,330 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$373 /mo · $4,472/yr
• Insurance: −$100
• HOA: −$56
• Vacancy / Maint / Mgmt: −$489
• Net cashflow: $54

Break-even live

Break-even rent $2,262

Max offer price $239,900

Occupancy floor 93%

Sensitivity live

Price	-10% $190	-5% $122	+0% $54	+5% $-14	+10% $-82
Rent	-10% $-130	-5% $-38	+0% $54	+5% $146	+10% $238
Rate	-1.0pp $175	-0.5pp $115	base $54	+0.5pp $-8	+1.0pp $-71

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
51 Hickory Course Trl Ocala, FL	4.0	2.0	2319	$2,300	$0.99	14d	1	0.14mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	14d	1	0.36mi
5 Hickory Course Loop Ocala, FL	4.0	2.0	2319	$2,650	$1.14	14d	1	0.38mi
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	14d	1	0.50mi
705 Lake Diamond Ave Ocala, FL	4.0	2.0	2588	$1,800	$0.70	22d	1	0.93mi
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	22d	1	1.36mi

HOA detail

• Monthly dues: $56 · $672/yr

Listing history 33 events

1. 2026-06-21
   days on market $239,900 Active 69 DOM
2. 2026-06-18
   days on market $239,900 Active 66 DOM
3. 2026-06-17
   days on market $239,900 Active 65 DOM
4. 2026-06-16
   days on market $239,900 Active 64 DOM
5. 2026-06-15
   days on market $239,900 Active 63 DOM
6. 2026-06-14
   days on market $239,900 Active 61 DOM
7. 2026-06-13
   days on market $239,900 Active 60 DOM
8. 2026-06-10
   days on market $239,900 Active 58 DOM
9. 2026-06-09
   days on market $239,900 Active 57 DOM
10. 2026-06-08
    days on market $239,900 Active 56 DOM
11. 2026-06-07
    days on market $239,900 Active 55 DOM
12. 2026-06-03
    days on market $239,900 Active 51 DOM
13. 2026-06-02
    days on market $239,900 Active 50 DOM
14. 2026-06-01
    days on market $239,900 Active 49 DOM
15. 2026-05-31
    days on market $239,900 Active 48 DOM
16. 2026-05-30
    days on market $239,900 Active 47 DOM
17. 2026-04-09
    listed $239,900 Active 383-char remark

    Show marketing remark (383 chars)

    Short sale opportunity on a newer home built in 2019 and well maintained. This property offers a great layout and strong overall condition, making it an excellent option for buyers seeking value. Home is equipped with solar panels, offering potential energy savings; buyer to assume the solar agreement. Sale subject to lender approval. Act quickly, multiple offers may be considered

18. 2026-03-31
    historical
19. 2025-11-03
    listed $239,900 Active
20. 2025-10-15
    historical
21. 2025-03-31
    listed $365,000 Active
22. 2023-11-27
    historical $2,300
23. 2023-10-20
    price $2,300
24. 2023-10-19
    listed $380,000 Active
25. 2023-10-08
    price $2,400
26. 2023-09-28
    price $2,450
27. 2023-09-20
    price $2,500
28. 2023-08-23
    price $2,600
29. 2022-05-24
    soldstatus $351,000
30. 2022-05-20
    soldstatus $352,000
31. 2022-05-20
    listed $352,000
32. 2019-07-15
    soldstatus $219,990
33. 2019-04-16
    listed $219,990

ⓘ 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: $4,472 · $373/mo
• Projected year-2 tax: $4,472 · $373/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 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: $27,962
• − Mortgage interest: −$13,438
• − Property taxes: −$4,472
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,237
• − Management: −$2,237
• − HOA: −$672
• − Depreciation: −$6,979
• Taxable loss: −$3,273
• Est. tax savings @ 24.0%: +$786
• After-tax cash flow: $1,435/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

+9.1% since first listed

17 events — show timeline

• 2026-04-09 Listed $239,900 Beaches MLS
• 2026-03-31 Listing Removed — Beaches MLS
• 2025-11-03 Listed $239,900 Beaches MLS
• 2025-10-15 Listing Removed — MARMLS
• 2025-03-31 Listed $365,000 MARMLS
• 2023-11-27 Rental Removed $2,300 STELLARMLS
• 2023-10-20 Price Changed $2,300 STELLARMLS
• 2023-10-19 Listed $380,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-08 Price Changed $2,400 STELLARMLS
• 2023-09-28 Price Changed $2,450 STELLARMLS
• 2023-09-20 Price Changed $2,500 STELLARMLS
• 2023-08-23 Price Changed $2,600 STELLARMLS
• 2022-05-24 Sold (Public Records) $351,000 Public Records
• 2022-05-20 Listed $352,000 Stellar MLS as Distributed by MLS Grid
• 2022-05-20 Sold (MLS) $352,000 Stellar MLS as Distributed by MLS Grid
• 2019-07-15 Sold (MLS) $219,990 Stellar MLS as Distributed by MLS Grid
• 2019-04-16 Listed $219,990 Stellar MLS as Distributed by MLS Grid

Property tax history

+70.5%/yr

Latest (2025): $4,472 · -10.7% YoY. Source: county tax records.