519 Midway Dr Unit A · Silver Springs Shores, FL 34472

$145,000

2 bd · 1.5 ba · 1,054 sqft · Condo public records · 21 Days on market

Built 1972 $345/mo HOA · 24% of rent

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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).

• Appreciation +8.0/10.0
• ARV discount +7.5/15.0
• Cash flow +7.4/30.0
• 1% rule +4.8/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0

Listing remarks

Welcome to this amazing lakefront 55+ 1st floor furnished condo, where peaceful nature views and comfortable living come together beautifully. Step onto the back lanai and enjoy the tranquil scenery overlooking the lake — the perfect place to relax with your morning coffee or unwind at the end of the day. This spacious home features 2 large bedrooms and 1.5 bathrooms, along with a fabulous remodeled kitchen designed for both style and function. The oversized open island countertops, stainless steel appliances, and elegant high-arc faucet create an inviting space for cooking and entertaining. The open-concept living room, dining area, and kitchen all showcase stunning lake views and ar

Key facts

• Remodeled kitchen
• Natural light
• High-arc faucet

Tags

• REMODELED KITCHEN
• STAINLESS STEEL APPLIANCES
• HIGH-ARC FAUCET
• OPEN-CONCEPT LIVING ROOM
• NATURAL LIGHT
• NEW ROOF

Property features AI

Finance

• Other: Condo land included; Unfurnished; Homestead status indicated
• Financial info: Total monthly fees $345; total annual fees $4,140
• HOA & community: Monthly HOA $345 (includes cable TV, pool, common area taxes, maintenance—structure & grounds, private road, trash, escrow reserves); Association: Bosshardt Property Management; Buyer approval required; Clubhouse; Community mailbox; Deed restrictions; Golf and golf carts permitted; Sidewalks; Senior community; Pets allowed with limits (cats and dogs; max pet weight 15 lbs)

Exterior

• Parking: Paved road access
• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected; Cable connected; BB/HS Internet available; Phone available; Underground utilities; Irrigation equipment
• Home design: Condominium; Residential property; One story; First-floor unit; Faces north
• Construction: Vinyl siding with frame construction; Shingle roof; Slab foundation; Built as part of building P
• Exterior features: Exterior lighting; Rain gutters; Sidewalk; Sliding doors; Storage; Private gunite pool with lighting; Lakefront on Lake Sparkle (20 ft frontage)

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Stone counters
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating (Electric, Heat Pump); Central air conditioning
• Interior features: Ceiling fans; Living room/dining room combo; Open floorplan; Stone counters; Thermostat; Walk-in closet(s)
• Laundry & utility: Washer and dryer in kitchen; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $-187 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $112k (22.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (2.4% below list).
• Recommended offer: $112k (22.8% below list) — sets the bar for cash-flow.

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; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 20y 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 $120k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $111,921 (22.8% 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. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 4.74%
• Cash-on-cash: -5.53%
• DSCR: 0.75
• GRM: 8.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 9.5%
• Equity multiple: 1.63×
• Total profit: $25,647
• Equity at exit: $90,536

10-year hold

• IRR: 9.8%
• Equity multiple: 2.93×
• Total profit: $78,261
• Equity at exit: $163,652

Cash invested: $40,600 (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: 8.5×

Monthly cashflow live

• Estimated rent: $1,415 high
• Mortgage (P&I): −$760
• Tax from tax record: −$139 /mo · $1,674/yr
• Insurance: −$60
• HOA: −$345
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $-187

Break-even live

Break-even rent $1,652

Max offer price $111,921

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	13d	1	0.12mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	21d	1	0.25mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	21d	1	0.26mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	21d	1	0.26mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	21d	1	0.26mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	21d	1	0.27mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	13d	1	0.27mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	21d	1	0.28mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	21d	1	0.29mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	21d	1	0.29mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	13d	1	0.29mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	13d	1	0.32mi
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	21d	1	0.33mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	21d	1	0.34mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	21d	1	0.36mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	21d	1	0.37mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	21d	1	0.41mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	21d	1	0.42mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	21d	1	0.50mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	13d	1	0.60mi
708 Bahia Cir Ocala, FL	3.0	2.0	1352	$1,500	$1.11	21d	1	0.65mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	21d	1	0.96mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	21d	1	0.97mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	21d	1	1.01mi
9337 Bahia Rd Ocala, FL	3.0	2.0	1402	$1,765	$1.26	13d	1	1.08mi
478 Water Pl Ocala, FL	3.0	2.0	1228	$1,650	$1.34	21d	1	1.14mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	21d	1	1.16mi
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	21d	1	1.19mi
455 Water Rd Ocala, FL	3.0	2.0	1275	$1,450	$1.14	13d	1	1.25mi
446 Water Rd Ocala, FL	3.0	2.0	1248	$1,425	$1.14	21d	1	1.27mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	21d	1	1.33mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	13d	1	1.41mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	21d	1	1.41mi

HOA detail condo

• Monthly dues: $345 · $4,140/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $145,000 Active 21 DOM
2. 2026-06-17
   days on market $145,000 Active 20 DOM
3. 2026-06-16
   days on market $145,000 Active 19 DOM
4. 2026-06-15
   days on market $145,000 Active 18 DOM
5. 2026-06-14
   days on market $145,000 Active 16 DOM
6. 2026-06-13
   days on market $145,000 Active 15 DOM
7. 2026-06-10
   days on market $145,000 Active 13 DOM
8. 2026-06-09
   days on market $145,000 Active 12 DOM
9. 2026-06-08
   days on market $145,000 Active 11 DOM
10. 2026-06-07
    days on market $145,000 Active 10 DOM
11. 2026-06-03
    days on market $145,000 Active 6 DOM
12. 2026-06-02
    days on market $145,000 Active 5 DOM
13. 2026-06-01
    days on market $145,000 Active 4 DOM
14. 2026-05-31
    days on market $145,000 Active 3 DOM
15. 2026-05-30
    days on market $145,000 Active 2 DOM
16. 2026-05-28
    listed $145,000 Active
17. 2023-03-03
    soldstatus $120,000
18. 2018-05-31
    soldstatus $56,000
19. 2008-05-06
    soldstatus $42,000
20. 2007-11-02
    historical
21. 2006-12-11
    listed $52,000
22. 1990-06-01
    soldstatus $39,000
23. 1981-07-01
    soldstatus $38,000
24. 1977-11-01
    soldstatus $33,000

ⓘ 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: $1,674 · $139/mo
• Projected year-2 tax: $1,674 · $139/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 · 21 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: $16,983
• − Mortgage interest: −$8,122
• − Property taxes: −$1,674
• − Insurance: −$725
• − Repairs & maintenance: −$1,359
• − Management: −$1,359
• − HOA: −$4,140
• − Depreciation: −$4,218
• Taxable loss: −$4,614
• Est. tax savings @ 24.0%: +$1,107
• After-tax cash flow: $-1,140/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

+339.4% since first listed

9 events — show timeline

• 2026-05-28 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-03 Sold (Public Records) $120,000 Public Records
• 2018-05-31 Sold (Public Records) $56,000 Public Records
• 2008-05-06 Sold (Public Records) $42,000 Public Records
• 2007-11-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-12-11 Listed $52,000 Stellar MLS as Distributed by MLS Grid
• 1990-06-01 Sold (Public Records) $39,000 Public Records
• 1981-07-01 Sold (Public Records) $38,000 Public Records
• 1977-11-01 Sold (Public Records) $33,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $1,674 · +12.9% YoY. Source: county tax records.