9175 SE 118th Loop · Silver Springs Shores, FL 34491

$239,990

2 bd · 2.0 ba · 1,488 sqft · SingleFamily public records · 49 Days on market

Built 2006 6,098 sqft lot $161/sqft · 17% below area Est $288k · 17% under $211/mo HOA · 11% of rent ↓ 17% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +7.8/30.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Seller is Motivated with an Affordable Home! Welcome to Summerfield, Florida! NEW ROOF and Home Appliance Warranty with American Home Shield for extra peace of mind. This move-in ready 2-bedroom, 2-bath home with a 2-car garage features recent updates include a NEW ROOF, updated kitchen cabinets fixtures, NEW water heater, newer appliances, and a Lennox HVAC system (2020). Inside, you’ll find no carpet, an eat-in kitchen, formal dining room, spacious family room, and an inside laundry room. New owners have the option of acquiring the home: Furnished or Unfurnished! The enclosed lanai with glass windows and screens is perfect for relaxing and enjoying Florida’s seasonal breezes y

Key facts

• Lennox hvac system
• New roof
• Indoor lap pool

Tags

• NEW ROOF
• UPDATED KITCHEN CABINETS
• LENNOX HVAC SYSTEM
• ENCLOSED LANAI
• EAGLE RIDGE GOLF COURSE
• INDOOR LAP POOL

Property features AI

Finance

• Other: Property type: Residential, Single Family Residence; Lot dimensions approximately 60 x 100 (0.14 acres); Living area reported as 1,488 square feet; Building area total reported as 2,168 square feet; Property listed as furnished; No CDD; Zoning: PUD
• Financial info: Total annual association fees: $2,532
• HOA & community: HOA managed by LELAND MANAGEMENT; Monthly HOA fee of $211; Association amenities: Clubhouse, Pool, Gated community; Pets allowed: Cats and dogs; Senior community

Exterior

• Parking: Attached garage with 2 spaces
• Security: Gated community
• Utilities: Private water; Private sewer; Electricity connected; Cable available; Other utilities available
• Home design: Single-family residence; Planned Unit Development (PUD); One story; Faces west; Entry level: One
• Construction: Block construction; Shingle roof; Block foundation; Built as single-story
• Exterior features: Sliding doors; Paved road access

Interior

• Kitchen: Cooktop; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring; Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Open floor plan
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-265 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (19.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $189k (21.4% below list).
• Recommended offer: $189k (21.4% below list) — sets the bar for 1% rule.

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: 705 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 34% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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

• It's been on market 49 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $30k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $188,524 (21.4% 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 49 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.79% ✗
• Cap rate: 4.97%
• Cash-on-cash: -4.73%
• DSCR: 0.79
• GRM: 10.6

CMA / ARV

• ARV (median comp): $287,613
• List price: $239,990
• Delta: -16.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11804 SE 91st Cir	0.40mi	2/2.0	1,468 (-1%)	10mo	$275,000	$187	71
12133 SE 89th Ave	0.37mi	3/2.0 (+1)	1,380 (-7%)	3mo	$247,320	$179	63
11960 SE 91st Cir	0.29mi	2/2.0	1,575 (+6%)	18mo	$319,000	$203	62
9123 SE 125th Loop	0.39mi	2/2.0	1,618 (+9%)	7mo	$380,000	$235	61
12164 SE 89th Ter	0.36mi	3/2.0 (+1)	1,473 (-1%)	20mo	$280,000	$190	60
9397 SE 124th Pl	0.47mi	2/2.0	1,425 (-4%)	15mo	$260,000	$182	58
9031 SE 120th Loop	0.48mi	2/2.0	1,346 (-10%)	9mo	$270,000	$201	54
12458 SE 92nd Ave	0.44mi	2/2.0	1,283 (-14%)	10mo	$246,000	$192	48
9533 SE 124th Loop	0.70mi	2/2.0	1,407 (-5%)	20mo	$245,000	$174	42

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: -24.3%
• Equity multiple: 0.17×
• Total profit: $-55,670
• Equity at exit: $35,783

10-year hold

• IRR: -19.5%
• Equity multiple: -0.04×
• Total profit: $-69,843
• Equity at exit: $20,750

Cash invested: $67,197 (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 34491

• Home prices YoY: -35.0%
• Active inventory: 705
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,885 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$185 /mo · $2,216/yr
• Insurance: −$100
• HOA: −$211
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $-265

Break-even live

Break-even rent $2,220

Max offer price $193,202

Occupancy floor —

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: $59,998
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9484 SE 124th Loop Summerfield, FL	2.0	2.0	1475	$1,949	$1.32	21d	1	0.58mi
12257 SE 100th Ave Belleview, FL	3.0	2.0	1555	$1,650	$1.06	14d	1	0.86mi
12495 SE 100th Ave Belleview, FL	3.0	2.0	1568	$1,850	$1.18	14d	1	0.99mi
9375 SE 134th St Summerfield, FL	2.0	2.0	1284	$2,300	$1.79	21d	1	1.34mi
13421 SE 92nd Court Rd Summerfield, FL	2.0	2.0	1374	$1,800	$1.31	21d	1	1.39mi

HOA detail

• Monthly dues: $211 · $2,532/yr
• Likely covers: water

Listing history 26 events

1. 2026-06-18
   days on market $239,990 Active 49 DOM
2. 2026-06-17
   days on market $239,990 Active 48 DOM
3. 2026-06-16
   days on market $239,990 Active 47 DOM
4. 2026-06-15
   days on market $239,990 Active 46 DOM
5. 2026-06-14
   pricedays on market $239,990 Active 44 DOM
6. 2026-06-13
   days on market $244,499 Active 43 DOM
7. 2026-06-10
   days on market $244,499 Active 41 DOM
8. 2026-06-09
   days on market $244,499 Active 40 DOM
9. 2026-06-08
   days on market $244,499 Active 39 DOM
10. 2026-06-07
    pricedays on market $244,499 Active 38 DOM
11. 2026-06-03
    days on market $247,490 Active 34 DOM
12. 2026-06-02
    days on market $247,490 Active 33 DOM
13. 2026-06-01
    days on market $247,490 Active 32 DOM
14. 2026-05-31
    pricedays on market $247,490 Active 31 DOM
15. 2026-05-30
    days on market $249,990 Active 30 DOM
16. 2026-05-15
    price $259,947 1631-char remark
17. 2026-05-09
    price $264,947 1631-char remark
18. 2026-04-30
    status Active 1631-char remark
19. 2026-04-29
    listed $269,947 Active 1631-char remark
20. 2026-04-29
    historical 1631-char remark
21. 2026-03-01
    historical
22. 2026-01-01
    price $249,900
23. 2025-11-14
    listed $269,900 Active
24. 2025-10-31
    historical
25. 2025-09-27
    price $279,900
26. 2025-04-21
    listed $289,900 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: $2,216 · $185/mo
• Projected year-2 tax: $2,216 · $185/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 ≥109°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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,623
• − Mortgage interest: −$13,443
• − Property taxes: −$2,216
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,810
• − Management: −$1,810
• − HOA: −$2,532
• − Depreciation: −$6,982
• Taxable loss: −$7,369
• Est. tax savings @ 24.0%: +$1,769
• After-tax cash flow: $-1,410/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

• County: Marion County · 315,796 people
• City population: 83,973
• Metro: Ocala, FL
• Population (ZIP): 33,318
• Household income: $66,679
• Rent vs Own: 13.2% rent · 86.8% own
• Severe rent burden: 256.0

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: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 3% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Slovak 2% Romanian 2%
• Foreign-born: 8% · Canada, Vietnam, Jamaica
• Languages at home: 85% English-only · Spanish 11% Vietnamese 1% French/Haitian/Cajun 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: ▼ -107.67%
• Current HPI: 200.0792
• 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

-17.2% since first listed

16 events — show timeline

• 2026-06-13 Price Changed $239,990 Stellar MLS as Distributed by MLS Grid
• 2026-06-04 Price Changed $244,499 Stellar MLS as Distributed by MLS Grid
• 2026-05-31 Price Changed $247,490 Stellar MLS as Distributed by MLS Grid
• 2026-05-24 Price Changed $249,990 Stellar MLS as Distributed by MLS Grid
• 2026-05-21 Price Changed $254,947 Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Price Changed $259,947 Stellar MLS as Distributed by MLS Grid
• 2026-05-09 Price Changed $264,947 Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listed $269,947 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-01-01 Price Changed $249,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-14 Listed $269,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-27 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-21 Listed $289,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+3.4%/yr

Latest (2025): $2,216 · +12.4% YoY. Source: county tax records.