1926 NW 12th St · Ocala, FL 34475

$50,000

2 bd · 1.0 ba · 640 sqft · SingleFamily public records · 79 Days on market

Built 1974 7,405 sqft lot $78/sqft · 51% below area

---

Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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

Bring your vision and unlock the potential of this small home in a highly desirable location. This property requires a near complete rehabilitation, but the hard part has been done for you! The home has been cleaned out and a blank slate awaits! Just minutes away from parks, shopping and restaurants, this is a great opportunity for investors or home ownership!

Key facts

• 7,405 sq ft lot
• Built 1974
• Listed 78 days

Tags

• HIGHLY DESIRABLE LOCATION
• NEAR COMPLETE REHABILITATION
• MINUTES AWAY FROM PARKS
• MINUTES AWAY FROM SHOPPING
• MINUTES AWAY FROM RESTAURANTS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $471 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 20.6% 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.
• Market conditions: 199 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 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 $1,211/mo this rent would consume 48% 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 $346 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y 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 $6k; list at $50k implies a 777% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); 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 $47,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 2.42% ✓
• Cap rate: 20.59%
• Cash-on-cash: 51.06%
• DSCR: 3.27
• GRM: 3.4

CMA / ARV

• ARV (median comp): $102,037
• List price: $50,000
• Delta: -51.00%
• Verdict: UNDERPRICED
• Comps: 9 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1007 NW 19th Ct	0.09mi	2/1.0	728 (+14%)	21mo	$110,000	$151	56

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: 36.9%
• Equity multiple: 2.57×
• Total profit: $21,970
• Equity at exit: $7,455

10-year hold

• IRR: 43.5%
• Equity multiple: 5.15×
• Total profit: $58,143
• Equity at exit: $4,323

Cash invested: $14,000 (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 34475

• Home prices YoY: -8.0%
• Active inventory: 199
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,211 high
• Mortgage (P&I): −$262
• Tax from tax record: −$78 /mo · $934/yr
• Insurance: −$21
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $471

Break-even live

Break-even rent $615

Max offer price $50,000

Occupancy floor 56%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1404 NW 18th Ave Unit 2 Ocala, FL	1.0	1.0	619	$1,149	$1.86	21d	1	0.23mi
2150 NW 21st Ave Ocala, FL	3.0	1.0–3.0	933	$1,876	$2.01	13d	10	0.77mi
12 NW 16th Ct Ocala, FL	2.0	1.0	576	$1,050	$1.82	21d	1	0.80mi
1809 SW 3rd St Ocala, FL	2.0	1.0	600	$1,025	$1.71	13d	1	0.96mi
2305 SW 2nd St Unit A Ocala, FL	2.0	1.0	676	$1,175	$1.74	21d	1	0.97mi
2006 SW 7th St Ocala, FL	2.0	1.0	700	$1,050	$1.50	21d	1	1.24mi
708 SW 20th Ave Ocala, FL	2.0	1.0	700	$999	$1.43	21d	1	1.24mi

Listing history 8 events

1. 2026-03-23
   status Active 362-char remark

   Show marketing remark (362 chars)

   Bring your vision and unlock the potential of this small home in a highly desirable location. This property requires a near complete rehabilitation, but the hard part has been done for you! The home has been cleaned out and a blank slate awaits! Just minutes away from parks, shopping and restaurants, this is a great opportunity for investors or home ownership!

2. 2026-03-02
   status Pending 362-char remark

   Show marketing remark (362 chars)

   Bring your vision and unlock the potential of this small home in a highly desirable location. This property requires a near complete rehabilitation, but the hard part has been done for you! The home has been cleaned out and a blank slate awaits! Just minutes away from parks, shopping and restaurants, this is a great opportunity for investors or home ownership!

3. 2026-02-19
   status Active 362-char remark

   Show marketing remark (362 chars)

   Bring your vision and unlock the potential of this small home in a highly desirable location. This property requires a near complete rehabilitation, but the hard part has been done for you! The home has been cleaned out and a blank slate awaits! Just minutes away from parks, shopping and restaurants, this is a great opportunity for investors or home ownership!

4. 2026-02-19
   historical 362-char remark

   Show marketing remark (362 chars)

   Bring your vision and unlock the potential of this small home in a highly desirable location. This property requires a near complete rehabilitation, but the hard part has been done for you! The home has been cleaned out and a blank slate awaits! Just minutes away from parks, shopping and restaurants, this is a great opportunity for investors or home ownership!

5. 2026-02-18
   listed $50,000 362-char remark

   Show marketing remark (362 chars)

   Bring your vision and unlock the potential of this small home in a highly desirable location. This property requires a near complete rehabilitation, but the hard part has been done for you! The home has been cleaned out and a blank slate awaits! Just minutes away from parks, shopping and restaurants, this is a great opportunity for investors or home ownership!

6. 2006-01-10
   historical
7. 2005-11-11
   listed $72,000
8. 1971-06-01
   soldstatus $5,700

ⓘ 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: $934 · $78/mo
• Projected year-2 tax: $934 · $78/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 6/10 Major FEMA zone A · 69% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,531
• − Mortgage interest: −$2,801
• − Property taxes: −$934
• − Insurance: −$1,752
• − Repairs & maintenance: −$1,162
• − Management: −$1,162
• − Depreciation: −$1,455
• Taxable income: $5,264
• Est. tax owed @ 24.0%: −$1,263
• After-tax cash flow: $4,383/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

+777.2% since first listed

8 events — show timeline

• 2026-03-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Listed $50,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-11-11 Listed $72,000 Stellar MLS as Distributed by MLS Grid
• 1971-06-01 Sold (Public Records) $5,700 Public Records

Property tax history

+13.0%/yr

Latest (2025): $934 · +13.9% YoY. Source: county tax records.