238 Oak Lane Cir · Silver Springs Shores, FL 34472

$220,900

3 bd · 2.0 ba · 1,072 sqft · SingleFamily public records · 83 Days on market

Built 2018 0.47 ac lot $206/sqft · 9% below area Est $242k · 9% under

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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 +13.2/30.0
• ARV discount +11.4/15.0
• Appreciation +8.0/10.0
• DSCR +4.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

DOUBLE LOT + PRICE IMPROVEMENT! Now is your chance to own this move-in-ready 3-bedroom, 2-bath home on a rare . 47-acre double lot (. 23-acre adjoining parcel included) just minutes from The Villages. Built in 2018, this home offers the perfect blend of modern upgrades, privacy, and space to expand. Enjoy no rear neighbors with a peaceful backdrop overlooking a large retention area. Inside features an open-concept layout with fresh interior paint, new carpet (2022), coated countertops, stylish tile backsplash, and a new kitchen exhaust fan. Additional upgrades include a commercial-grade water heater, garage workbench, and sealed/coated front entry, porch, and driveway for enhanced curb appeal. Conveniently located near Lake Weir with easy access to I-75, US-441, 301, and HWY 25—close to shopping, dining, medical, and top-rated schools. NO HOA + extra land + recent price drop = unbeatable value. Don’t wait—properties with this much space and privacy at this price are hard to find!

Key facts

• New carpet
• Double lot
• Tile backsplashes

Tags

• DOUBLE LOT
• OPEN-CONCEPT LAYOUT
• NEW CARPET
• COATED COUNTERTOPS
• TILE BACKSPLASHES
• NEW KITCHEN EXHAUST FAN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $221k.

Deal economics

• At list price, monthly cash flow is $-6 ($-68/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (19.5% below list).
• Recommended offer: $178k (19.5% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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; 674 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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 33% 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 $15k of equity ($2k loan paydown + $13k 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 $62k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,795 (19.5% 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 83 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
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: 0.80% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.11%
• DSCR: 1.00
• GRM: 10.4

CMA / ARV

• ARV (median comp): $241,979
• List price: $220,900
• Delta: -8.71%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3 Locust Loop	0.13mi	3/2.0	1,014 (-5%)	1mo	$218,000	$215	84
237 Locust Lane Dr	0.11mi	3/2.0	1,232 (+15%)	14mo	$229,000	$186	59
274 Locust Pass	0.32mi	3/2.0	1,144 (+7%)	24mo	$241,550	$211	54
245 Locust Ln	0.16mi	3/2.0	1,232 (+15%)	21mo	$236,000	$192	50
313 Oak Track Trce	0.65mi	3/2.0	1,156 (+8%)	10mo	$199,000	$172	48
318 Oak Track Dr	0.66mi	2/2.0 (-1)	1,066 (-1%)	21mo	$198,000	$186	46
213 Oak Lane Loop	0.52mi	3/2.0	1,171 (+9%)	23mo	$230,000	$196	42
6 Locust Loop Ct	0.69mi	3/2.0	1,232 (+15%)	21mo	$236,000	$192	26

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: 14.0%
• Equity multiple: 1.93×
• Total profit: $57,565
• Equity at exit: $137,926

10-year hold

• IRR: 13.6%
• Equity multiple: 3.60×
• Total profit: $160,852
• Equity at exit: $249,315

Cash invested: $61,852 (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: 10.4×

Monthly cashflow live

• Estimated rent: $1,778 high
• Mortgage (P&I): −$1,158
• Tax from tax record: −$160 /mo · $1,918/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $-6

Break-even live

Break-even rent $1,785

Max offer price $219,896

Occupancy floor 95%

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: $55,225
• Closing costs: $6,627
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
219 Locust Ln Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	0.16mi
202 Oak Lane Cir Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	0.24mi
217 Locust Pass Crse Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	0.29mi
80 Locust Pass Run Ocala, FL	3.0	2.0	1003	$1,595	$1.59	14d	1	0.30mi
217 Locust Pass Ln Ocala, FL	3.0	2.0	1011	$1,697	$1.68	14d	1	0.35mi
342 Locust Pass Ocala, FL	3.0	2.0	1232	$1,650	$1.34	14d	1	0.52mi
310 Oak Lane Pass Ocala, FL	2.0	2.0	988	$1,325	$1.34	21d	1	0.80mi
325 Oak Track Ct Ocala, FL	3.0	2.0	1163	$1,550	$1.33	21d	1	0.90mi
6 Locust Course Ln Ocala, FL	3.0	2.0	1263	$1,735	$1.37	14d	1	1.34mi

Listing history 42 events

1. 2026-06-19
   status $220,900 Pending 83 DOM
2. 2026-06-18
   days on market $220,900 Active 83 DOM
3. 2026-06-17
   days on market $220,900 Active 82 DOM
4. 2026-06-16
   days on market $220,900 Active 81 DOM
5. 2026-06-15
   days on market $220,900 Active 80 DOM
6. 2026-06-14
   days on market $220,900 Active 78 DOM
7. 2026-06-13
   days on market $220,900 Active 77 DOM
8. 2026-06-10
   days on market $220,900 Active 75 DOM
9. 2026-06-09
   days on market $220,900 Active 74 DOM
10. 2026-06-08
    days on market $220,900 Active 73 DOM
11. 2026-06-07
    days on market $220,900 Active 72 DOM
12. 2026-06-03
    days on market $220,900 Active 68 DOM
13. 2026-06-02
    pricedays on market $220,900 Active 67 DOM
14. 2026-06-01
    days on market $224,900 Active 66 DOM
15. 2026-05-31
    days on market $224,900 Active 65 DOM
16. 2026-05-30
    days on market $224,900 Active 64 DOM
17. 2026-05-01
    price $224,900 1012-char remark

    Show marketing remark (1012 chars)

    DOUBLE LOT + PRICE IMPROVEMENT! Now is your chance to own this move-in-ready 3-bedroom, 2-bath home on a rare . 47-acre double lot (. 23-acre adjoining parcel included) just minutes from The Villages. Built in 2018, this home offers the perfect blend of modern upgrades, privacy, and space to expand. Enjoy no rear neighbors with a peaceful backdrop overlooking a large retention area. Inside features an open-concept layout with fresh interior paint, new carpet (2022), coated countertops, stylish tile backsplash, and a new kitchen exhaust fan. Additional upgrades include a commercial-grade water heater, garage workbench, and sealed/coated front entry, porch, and driveway for enhanced curb appeal. Conveniently located near Lake Weir with easy access to I-75, US-441, 301, and HWY 25—close to shopping, dining, medical, and top-rated schools. NO HOA + extra land + recent price drop = unbeatable value. Don’t wait—properties with this much space and privacy at this price are hard to find!

18. 2026-03-27
    listed $230,000 Active 1012-char remark

    Show marketing remark (1012 chars)

    DOUBLE LOT + PRICE IMPROVEMENT! Now is your chance to own this move-in-ready 3-bedroom, 2-bath home on a rare . 47-acre double lot (. 23-acre adjoining parcel included) just minutes from The Villages. Built in 2018, this home offers the perfect blend of modern upgrades, privacy, and space to expand. Enjoy no rear neighbors with a peaceful backdrop overlooking a large retention area. Inside features an open-concept layout with fresh interior paint, new carpet (2022), coated countertops, stylish tile backsplash, and a new kitchen exhaust fan. Additional upgrades include a commercial-grade water heater, garage workbench, and sealed/coated front entry, porch, and driveway for enhanced curb appeal. Conveniently located near Lake Weir with easy access to I-75, US-441, 301, and HWY 25—close to shopping, dining, medical, and top-rated schools. NO HOA + extra land + recent price drop = unbeatable value. Don’t wait—properties with this much space and privacy at this price are hard to find!

19. 2026-03-13
    historical
20. 2026-02-01
    price $244,900
21. 2026-01-16
    listed $255,000 Active
22. 2025-11-15
    historical
23. 2025-11-01
    price $250,000
24. 2025-10-26
    price $254,900
25. 2025-10-02
    price $259,900
26. 2025-09-17
    listed $265,000 Active
27. 2025-07-14
    historical
28. 2025-05-16
    price $269,900
29. 2025-05-09
    price $273,900
30. 2025-04-21
    price $279,900
31. 2025-03-01
    price $289,900
32. 2025-02-10
    price $292,000
33. 2025-02-01
    listed $295,000 Active
34. 2022-08-25
    soldstatus $210,000
35. 2022-08-24
    soldstatus $210,000 Closed
36. 2022-07-28
    status Pending
37. 2022-07-20
    price $215,000
38. 2022-07-08
    price $225,000
39. 2022-06-22
    listed $235,000 Active
40. 2018-07-12
    soldstatus $112,900
41. 2018-07-09
    soldstatus $112,900
42. 2017-09-28
    listed $112,900

ⓘ 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: $1,918 · $160/mo
• Projected year-2 tax: $1,918 · $160/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 ≥108°F today · 23 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: $21,335
• − Mortgage interest: −$12,374
• − Property taxes: −$1,918
• − Insurance: −$1,104
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$6,426
• Taxable loss: −$3,900
• Est. tax savings @ 24.0%: +$936
• After-tax cash flow: $868/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

+99.2% since first listed

26 events — show timeline

• 2026-05-01 Price Changed $224,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Listed $230,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-01 Price Changed $244,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-16 Listed $255,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-01 Price Changed $250,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-26 Price Changed $254,900 Stellar MLS as Distributed by MLS Grid
• 2025-10-02 Price Changed $259,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-17 Listed $265,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-16 Price Changed $269,900 Stellar MLS as Distributed by MLS Grid
• 2025-05-09 Price Changed $273,900 Stellar MLS as Distributed by MLS Grid
• 2025-04-21 Price Changed $279,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-01 Price Changed $289,900 Stellar MLS as Distributed by MLS Grid
• 2025-02-10 Price Changed $292,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-01 Listed $295,000 Stellar MLS as Distributed by MLS Grid
• 2022-08-25 Sold (Public Records) $210,000 Public Records
• 2022-08-24 Sold (MLS) $210,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-07-20 Price Changed $215,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-08 Price Changed $225,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-22 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2018-07-12 Sold (Public Records) $112,900 Public Records
• 2018-07-09 Sold (MLS) $112,900 Stellar MLS as Distributed by MLS Grid
• 2017-09-28 Listed $112,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+29.9%/yr

Latest (2025): $1,918 · +14.3% YoY. Source: county tax records.