11772 SE 99th Ter · Silver Springs Shores, FL 34420

$114,999

2 bd · 1.0 ba · 868 sqft · Manufactured public records · 22 Days on market

Built 1972 7,405 sqft lot

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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 +22.4/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +5.4/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

Key facts

• Indoor laundry area
• Extra storage
• Updated kitchen

Tags

• UPDATED KITCHEN
• INDOOR LAUNDRY AREA
• EXTRA STORAGE
• TWO SHEDS

Property features AI

Finance

• Other: No lease restrictions; Unfurnished

Exterior

• Utilities: Well water; Septic tank; Cable available; Electricity available
• Home design: Residential mobile home (double wide); One story; Faces north; Entry on main level
• Construction: Metal siding; Metal roof; Crawlspace foundation; Built area around 864–916 square feet
• Exterior features: Paved road access; Lot size approximately 0.17 acres

Interior

• Kitchen: Cooktop
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric heating; Wall/window air conditioning units
• Interior features: Kitchen and family room combined; Total of 4 rooms
• Laundry & utility: Laundry in common area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $115k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% 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: 357 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k 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 22 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y 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 $86k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $113,274 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.04% ✓
• Cap rate: 8.30%
• Cash-on-cash: 7.17%
• DSCR: 1.32
• GRM: 8.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.80×
• Total profit: $-6,398
• Equity at exit: $17,147

10-year hold

• IRR: 4.3%
• Equity multiple: 1.32×
• Total profit: $10,162
• Equity at exit: $9,943

Cash invested: $32,200 (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 34420

• Home prices YoY: -32.8%
• Active inventory: 357
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,195 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$101 /mo · $1,210/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $192

Break-even live

Break-even rent $952

Max offer price $114,999

Occupancy floor 79%

Sensitivity live

Price	-10% $257	-5% $225	+0% $192	+5% $160	+10% $127
Rent	-10% $98	-5% $145	+0% $192	+5% $239	+10% $287
Rate	-1.0pp $250	-0.5pp $222	base $192	+0.5pp $162	+1.0pp $132

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11709 SE 99th Ct Belleview, FL	2.0	1.0	720	$1,195	$1.66	14d	1	0.07mi

Listing history 34 events

1. 2026-06-18
   days on market $114,999 Active 22 DOM
2. 2026-06-17
   days on market $114,999 Active 21 DOM
3. 2026-06-16
   days on market $114,999 Active 20 DOM
4. 2026-06-15
   days on market $114,999 Active 19 DOM
5. 2026-06-14
   days on market $114,999 Active 17 DOM
6. 2026-06-13
   days on market $114,999 Active 16 DOM
7. 2026-06-10
   days on market $114,999 Active 14 DOM
8. 2026-06-09
   days on market $114,999 Active 13 DOM
9. 2026-06-08
   days on market $114,999 Active 12 DOM
10. 2026-06-07
    days on market $114,999 Active 11 DOM
11. 2026-06-03
    days on market $114,999 Active 7 DOM
12. 2026-06-02
    days on market $114,999 Active 6 DOM
13. 2026-06-01
    days on market $114,999 Active 5 DOM
14. 2026-05-31
    days on market $114,999 Active 4 DOM
15. 2026-05-30
    days on market $114,999 Active 3 DOM
16. 2026-05-17
    price $95,000 221-char remark
17. 2026-04-25
    price $99,000 221-char remark
18. 2026-03-30
    price $115,000 221-char remark
19. 2026-03-13
    price $125,000 221-char remark
20. 2025-10-12
    price $99,000 221-char remark
21. 2025-07-15
    price $122,000 221-char remark
22. 2025-05-27
    listed $125,000 Active 221-char remark
23. 2024-12-02
    soldstatus $86,000
24. 2024-11-29
    status Pending 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

25. 2024-11-29
    soldstatus $86,000 Closed 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

26. 2024-09-26
    price $94,000 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

27. 2024-08-19
    price $99,000 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

28. 2024-08-09
    price $102,900 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

29. 2024-07-31
    status Active 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

30. 2024-07-25
    price $107,900 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

31. 2024-07-16
    price $85,900 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

32. 2024-07-16
    status Active 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

33. 2024-06-19
    listed $89,900 Active 401-char remark

    Show marketing remark (401 chars)

    Charming fixer-upper at 11772 SE 99th Ter, Belleview, FL 34420, featuring 2 bedrooms, 1 bathroom on a 0.17-acre lot, sold as-is and needing repairs. This property is in a quiet, friendly neighborhood close to schools, parks, shops, and dining, with easy access to Ocala and The Villages. It is perfect for investors or DIY enthusiasts looking to unlock its great potential. Reach out for more details.

34. 1979-05-01
    soldstatus $16,000

ⓘ 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: $1,210 · $101/mo
• Projected year-2 tax: $1,210 · $101/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°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: $14,340
• − Mortgage interest: −$6,442
• − Property taxes: −$1,210
• − Insurance: −$575
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$3,345
• Taxable income: $474
• Est. tax owed @ 24.0%: −$114
• After-tax cash flow: $2,193/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

• City population: 19,167
• Population (ZIP): 19,167

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 12% Two or more races 10% Black 1%
• Hispanic origin (detail): Puerto Rican 7% Cuban 2%
• Common ancestry: Lithuanian 4% Iranian 2% Romanian 2%
• Foreign-born: 5% · Canada, Jamaica
• Languages at home: 89% English-only · Spanish 7% Other Indo-European 2% German/W. Germanic 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: ▼ -120.90%
• Current HPI: 247.3176
• Rent YoY: —
• Metro: —
• 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

+618.7% since first listed

21 events — show timeline

• 2026-05-27 Listed $114,999 Stellar MLS as Distributed by MLS Grid
• 2026-05-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-05-17 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-25 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-12 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-15 Price Changed $122,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-27 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-02 Sold (Public Records) $86,000 Public Records
• 2024-11-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-11-29 Sold (MLS) $86,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-26 Price Changed $94,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-19 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-09 Price Changed $102,900 Stellar MLS as Distributed by MLS Grid
• 2024-07-31 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-07-25 Price Changed $107,900 Stellar MLS as Distributed by MLS Grid
• 2024-07-16 Price Changed $85,900 Stellar MLS as Distributed by MLS Grid
• 2024-07-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-06-19 Listed $89,900 Stellar MLS as Distributed by MLS Grid
• 1979-05-01 Sold (Public Records) $16,000 Public Records

Property tax history

+8.2%/yr

Latest (2025): $1,210 · +300.7% YoY. Source: county tax records.