78 Malauka Radl · Silver Springs Shores East, FL 32179

$229,900

3 bd · 2.0 ba · 1,287 sqft · Land · 189 Days on market

Built 2025 10,019 sqft lot $179/sqft · at area comps Est $241k · at est.

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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).

• ARV discount +9.7/15.0
• Cash flow +9.0/30.0
• Schools +3.6/10.0
• 1% rule +2.8/10.0
• DSCR +2.5/10.0
• 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

Under Construction. Charming New Construction in Peaceful Ocklawaha. Lynnette model by Shamrock Construction. Nestled in the heart of Ocklawaha, Florida, this brand new 3-bedroom, 2 bath home offers the perfect blend of modern comfort and serene natural beauty. Located in a quiet, wooded setting, the property provides a peaceful, small-town atmosphere ideal for those seeking tranquility and privacy. Built by the reputable Shamrock Construction, the Lynnette model features quality craftsmanship throughout, including a thoughtfully designed layout, stainless steal appliances, stylish finishes, and durable construction BLOCK home. Enjoy open concept living, a spacious kitchen, and elegant touches that make this house feel like home. Whether you're a first-time home buyer, downsizing, or looking for a quiet retreat, this property is a must see! pictures of the home are of a completed home of the same model layout, colors and materials may differ depending on availability. Enjoy peace of mind, and the craftsmanship of a trusted builder. House under construction, Photos shown are from a completed model, colors and finishes may vary. We have finished homes available now for you to tour and experience the quality firsthand. Call for questions. Information provided by the owner or taken from Marion County Property Appraiser. All information is deemed to be true and correct, however, Integrity Realty Services LLC and its agents are not responsible for any inaccurate information.

Key facts

• Open concept living
• New construction
• Wooded setting

Tags

• NEW CONSTRUCTION
• WOODED SETTING
• QUALITY CRAFTSMANSHIP
• THOUGHTFULLY DESIGNED LAYOUT
• STAINLESS STEEL APPLIANCES
• OPEN CONCEPT LIVING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $230k.

Deal economics

• At list price, monthly cash flow is $-180 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (11.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (22.4% below list).
• Recommended offer: $178k (22.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — 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: 426 active listings in the ZIP; 10 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).
• At $1,783/mo this rent would consume 46% of the median local household income ($47k/yr) (locally 303% 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 $2k of loan paydown is wiped out by about $7k 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 189 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $34k; list at $230k implies a 566% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $178,340 (22.4% 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 189 days. Have you received any prior offers? Is the seller open to a 22% 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. 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?
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: 0.78% ✗
• Cap rate: 5.35%
• Cash-on-cash: -3.35%
• DSCR: 0.85
• GRM: 10.7

CMA / ARV

• ARV (median comp): $241,495
• List price: $229,900
• Delta: -4.80%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -21.9%
• Equity multiple: 0.24×
• Total profit: $-48,685
• Equity at exit: $34,279

10-year hold

• IRR: -15.7%
• Equity multiple: 0.11×
• Total profit: $-57,039
• Equity at exit: $19,878

Cash invested: $64,372 (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 32179

• Home prices YoY: -18.3%
• Active inventory: 426
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,783 high
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$287 /mo · $3,448/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $-180

Break-even live

Break-even rent $2,011

Max offer price $203,868

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35 Malauka Cir Ocklawaha, FL	3.0	2.0	1371	$1,700	$1.24	21d	1	0.25mi
1 Malauka Radial Cir Ocklawaha, FL	4.0	2.0	1747	$1,995	$1.14	13d	1	0.28mi
122 Malauka Loop Ocklawaha, FL	3.0	2.0	1323	$1,675	$1.27	21d	1	0.34mi
24 Malauka Loop Pl Ocklawaha, FL	3.0	2.0	1319	$1,625	$1.23	13d	1	0.44mi
205 Malauka Loop Ocklawaha, FL	3.0	2.0	1311	$1,695	$1.29	13d	1	0.48mi
17 Malauka Loop Pl Ocklawaha, FL	3.0	2.0	1322	$1,550	$1.17	13d	1	0.50mi
338 Malauka Loop Ocklawaha, FL	3.0	2.0	1311	$1,895	$1.45	13d	1	0.64mi
3 Fisher Place Dr Ocklawaha, FL	3.0	2.0	1350	$1,640	$1.21	21d	1	0.70mi
9 Malauka Loop Ocklawaha, FL	3.0	2.0	1389	$1,625	$1.17	21d	1	0.74mi
9 Malauka Loop Ln Ocklawaha, FL	3.0	2.0	1319	$1,625	$1.23	21d	1	0.74mi

Listing history 3 events

1. 2025-11-18
   listed $229,900 Active 1494-char remark

   Show marketing remark (1494 chars)

   Under Construction. Charming New Construction in Peaceful Ocklawaha. Lynnette model by Shamrock Construction. Nestled in the heart of Ocklawaha, Florida, this brand new 3-bedroom, 2 bath home offers the perfect blend of modern comfort and serene natural beauty. Located in a quiet, wooded setting, the property provides a peaceful, small-town atmosphere ideal for those seeking tranquility and privacy. Built by the reputable Shamrock Construction, the Lynnette model features quality craftsmanship throughout, including a thoughtfully designed layout, stainless steal appliances, stylish finishes, and durable construction BLOCK home. Enjoy open concept living, a spacious kitchen, and elegant touches that make this house feel like home. Whether you're a first-time home buyer, downsizing, or looking for a quiet retreat, this property is a must see! pictures of the home are of a completed home of the same model layout, colors and materials may differ depending on availability. Enjoy peace of mind, and the craftsmanship of a trusted builder. House under construction, Photos shown are from a completed model, colors and finishes may vary. We have finished homes available now for you to tour and experience the quality firsthand. Call for questions. Information provided by the owner or taken from Marion County Property Appraiser. All information is deemed to be true and correct, however, Integrity Realty Services LLC and its agents are not responsible for any inaccurate information.

2. 2005-09-30
   soldstatus $34,500
3. 2005-04-05
   soldstatus $15,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥108°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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,401
• − Mortgage interest: −$12,878
• − Property taxes: −$3,448
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,712
• − Management: −$1,712
• − Depreciation: −$6,688
• Taxable loss: −$6,187
• Est. tax savings @ 24.0%: +$1,485
• After-tax cash flow: $-674/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 East

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

Census & demographics

• Census place: Silver Springs Shores East, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 9,318
• Household income: $46,512
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 303.0

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: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 12% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -54.21%
• Current HPI: 242.0408
• 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

+1383.2% since first listed

3 events — show timeline

• 2025-11-18 Listed $229,900 Stellar MLS as Distributed by MLS Grid
• 2005-09-30 Sold (Public Records) $34,500 Public Records
• 2005-04-05 Sold (Public Records) $15,500 Public Records

Property tax history

+7.2%/yr

Latest (2025): $138 · +15.5% YoY. Source: county tax records.