4278 NE 131st Ln · Silver Springs, FL 32617

$135,000

3 bd · 2.0 ba · 1,658 sqft · SingleFamily public records · 12 Days on market

Built 1992 0.73 ac lot $81/sqft · 64% below area ↓ 20% since listing

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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
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

MOTIVATED SELLER!!This is it! Spacious 3/2 home on . 73 acres. Enjoy the evenings on your beautiful redwood deck overlooking your small Citrus Orchard in this Quiet, country setting. This concrete filled cinder Block and Brick home is not going anywhere. The whole home Emergency Generator will kick on if the power goes out, so that you can continue to read the list of upgrades that have been done to this ready to live in Home. Come see your next home Now!

Key facts

• 0.73 acre lot
• 2 garage spots
• Built 1992

Property features AI

Finance

• Other: Zoned R1
• Financial info: Homestead exemption indicated; Lease restrictions apply
• HOA & community: No HOA/association

Exterior

• Parking: Attached garage; 2-car garage
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Single-family residence; Residential property; One story; Faces north
• Construction: Brick construction; Shingle roof; Slab foundation; Building area reported as 2,384 sq ft; living area reported as 1,658 sq ft
• Exterior features: Other exterior features; Asphalt road access; Lot dimensions approximately 225 x 141; Lot size approximately 0.73 acres (about 2954 m²)

Interior

• Kitchen: Dishwasher; Microwave
• Bedrooms: 3 bedrooms
• Flooring: Concrete; Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Cap rate 10.9% vs local median 4.2% in Silver Springs — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• 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: 42 active listings in the ZIP; 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 $933 of loan paydown is wiped out by about $4k 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 $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 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

• 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; major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,000

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.34% ✓
• Cap rate: 10.86%
• Cash-on-cash: 16.30%
• DSCR: 1.73
• GRM: 6.2

CMA / ARV

• ARV (median comp): $370,470
• List price: $135,000
• Delta: -63.56%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4184 NE 138th Pl	0.66mi	3/2.5	1,861 (+12%)	14mo	$440,000	$236	36
4840 NE 132nd Pl	0.52mi	3/2.0	1,422 (-14%)	24mo	$375,000	$264	32
13725 NE 38th Ave	0.67mi	2/2.0 (-1)	1,792 (+8%)	23mo	$374,999	$209	31

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: 2.0%
• Equity multiple: 1.08×
• Total profit: $2,944
• Equity at exit: $20,129

10-year hold

• IRR: 11.7%
• Equity multiple: 1.92×
• Total profit: $34,777
• Equity at exit: $11,672

Cash invested: $37,800 (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 32617

• Home prices YoY: -12.5%
• Active inventory: 42
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,805 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$148 /mo · $1,776/yr
• Insurance: −$56
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $388

Break-even live

Break-even rent $1,313

Max offer price $135,000

Occupancy floor 73%

Sensitivity live

Price	-10% $465	-5% $426	+0% $388	+5% $350	+10% $312
Rent	-10% $246	-5% $317	+0% $388	+5% $460	+10% $531
Rate	-1.0pp $456	-0.5pp $423	base $388	+0.5pp $353	+1.0pp $318

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-08
   listed $135,000 Active 522-char remark
2. 2022-09-28
   status Pending
3. 2022-09-27
   historical
4. 2022-09-14
   price $235,000
5. 2022-07-28
   price $299,500
6. 2022-07-17
   price $308,900
7. 2022-06-24
   price $316,900
8. 2022-06-10
   listed $319,900 Active
9. 2018-01-02
   soldstatus $163,000
10. 2017-12-27
    soldstatus $163,000

    Show marketing remark (459 chars)

    MOTIVATED SELLER!!This is it! Spacious 3/2 home on . 73 acres. Enjoy the evenings on your beautiful redwood deck overlooking your small Citrus Orchard in this Quiet, country setting. This concrete filled cinder Block and Brick home is not going anywhere. The whole home Emergency Generator will kick on if the power goes out, so that you can continue to read the list of upgrades that have been done to this ready to live in Home. Come see your next home Now!

11. 2017-12-05
    historical
12. 2017-03-31
    listed $170,000

    Show marketing remark (459 chars)

    MOTIVATED SELLER!!This is it! Spacious 3/2 home on . 73 acres. Enjoy the evenings on your beautiful redwood deck overlooking your small Citrus Orchard in this Quiet, country setting. This concrete filled cinder Block and Brick home is not going anywhere. The whole home Emergency Generator will kick on if the power goes out, so that you can continue to read the list of upgrades that have been done to this ready to live in Home. Come see your next home Now!

13. 2017-03-31
    listed $170,000

    Show marketing remark (459 chars)

    MOTIVATED SELLER!!This is it! Spacious 3/2 home on . 73 acres. Enjoy the evenings on your beautiful redwood deck overlooking your small Citrus Orchard in this Quiet, country setting. This concrete filled cinder Block and Brick home is not going anywhere. The whole home Emergency Generator will kick on if the power goes out, so that you can continue to read the list of upgrades that have been done to this ready to live in Home. Come see your next home Now!

ⓘ 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: $1,776 · $148/mo
• Projected year-2 tax: $1,776 · $148/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 A · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,655
• − Mortgage interest: −$7,562
• − Property taxes: −$1,776
• − Insurance: −$2,178
• − Repairs & maintenance: −$1,732
• − Management: −$1,732
• − Depreciation: −$3,927
• Taxable income: $2,748
• Est. tax owed @ 24.0%: −$660
• After-tax cash flow: $4,000/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

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 4,859

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 11% Two or more races 8% Black 5%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Italian 5% Lithuanian 3% Slovene 1%
• Foreign-born: 6% · Canada, Guatemala, Dominican Republic
• Languages at home: 92% English-only · Spanish 7% German/W. Germanic 1% 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: ▼ -38.14%
• Current HPI: 265.971
• 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

-20.3% since first listed

15 events — show timeline

• 2026-06-09 Sold (MLS) $135,500 Stellar MLS as Distributed by MLS Grid
• 2026-05-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2022-09-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-09-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-09-14 Price Changed $235,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-28 Price Changed $299,500 Stellar MLS as Distributed by MLS Grid
• 2022-07-17 Price Changed $308,900 Stellar MLS as Distributed by MLS Grid
• 2022-06-24 Price Changed $316,900 Stellar MLS as Distributed by MLS Grid
• 2022-06-10 Listed $319,900 Stellar MLS as Distributed by MLS Grid
• 2018-01-02 Sold (Public Records) $163,000 Public Records
• 2017-12-27 Sold (MLS) $163,000 Stellar MLS as Distributed by MLS Grid
• 2017-12-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-03-31 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 2017-03-31 Listed $170,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.2%/yr

Latest (2025): $1,776 · +15.6% YoY. Source: county tax records.