12400 SE 99th Ter · Silver Springs Shores, FL 34420

$190,000

3 bd · 2.0 ba · 1,512 sqft · Manufactured public records · 25 Days on market

Built 2004 0.25 ac lot

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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).

• Cash flow +18.5/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• 1% rule +4.6/10.0
• 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

Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

Key facts

• Back deck
• Private laundry room
• 0.25 acre lot

Tags

• FULLY RENOVATED KITCHEN
• PRIVATE LAUNDRY ROOM
• SPACIOUS WALK-IN CLOSETS
• GUEST BATHROOM UPDATED
• PRIVATE EN-SUITE BATHROOM
• BACK DECK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $190k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (4.4% below list).
• Recommended offer: $182k (4.4% below list) — sets the bar for 1% rule.
• Cap rate 7.4% 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; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 25 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 15y 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 $145k; 31% 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; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $181,578 (4.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.96% ✗
• Cap rate: 7.44%
• Cash-on-cash: 4.09%
• DSCR: 1.18
• GRM: 8.7

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: -9.9%
• Equity multiple: 0.64×
• Total profit: $-19,243
• Equity at exit: $28,330

10-year hold

• IRR: -0.5%
• Equity multiple: 0.96×
• Total profit: $-1,916
• Equity at exit: $16,428

Cash invested: $53,200 (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: 8.7×

Monthly cashflow live

• Estimated rent: $1,816 high
• Mortgage (P&I): −$996
• Tax from tax record: −$177 /mo · $2,130/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $181

Break-even live

Break-even rent $1,586

Max offer price $190,000

Occupancy floor 85%

Sensitivity live

Price	-10% $289	-5% $235	+0% $181	+5% $128	+10% $74
Rent	-10% $38	-5% $110	+0% $181	+5% $253	+10% $325
Rate	-1.0pp $277	-0.5pp $230	base $181	+0.5pp $132	+1.0pp $82

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12495 SE 100th Ave Belleview, FL	3.0	2.0	1568	$1,850	$1.18	14d	1	0.12mi
12257 SE 100th Ave Belleview, FL	3.0	2.0	1555	$1,650	$1.06	14d	1	0.16mi
9484 SE 124th Loop Summerfield, FL	2.0	2.0	1475	$1,949	$1.32	21d	1	0.38mi
9375 SE 134th St Summerfield, FL	2.0	2.0	1284	$2,300	$1.79	21d	1	1.03mi
13421 SE 92nd Court Rd Summerfield, FL	2.0	2.0	1374	$1,800	$1.31	21d	1	1.15mi

Listing history 28 events

1. 2026-04-22
   status Pending
2. 2026-04-22
   status Active
3. 2026-04-22
   price $190,000
4. 2026-03-24
   status Pending
5. 2026-03-19
   price $185,000
6. 2026-03-10
   status Active
7. 2026-03-03
   status Pending
8. 2026-02-20
   listed $190,000 Active
9. 2024-12-31
   historical
10. 2024-10-31
    price $195,000
11. 2024-09-23
    price $199,500
12. 2024-07-20
    listed $210,000 Active
13. 2021-12-15
    soldstatus $145,000
14. 2021-12-14
    soldstatus $145,000 Closed 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

15. 2021-11-09
    status Pending 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

16. 2021-10-19
    price $155,000 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

17. 2021-10-19
    status Active 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

18. 2021-10-14
    status Pending 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

19. 2021-10-04
    price $159,900 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

20. 2021-09-16
    price $166,000 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

21. 2021-08-30
    price $169,000 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

22. 2021-08-26
    listed $172,000 Active 605-char remark

    Show marketing remark (605 chars)

    Lovely 3/2 with multiple lakes in the area. Bring your pet to enjoy the fenced in backyard! Walk in closets in all bedrooms . AC 2018 and all new appliances and well bladder replaced 2021 Large Master with adorable and spacious master bathroom. Approx 4 miles to Carney Boat ramp and park. Additional lakes in the area are Lake Weir, Lake Borrows, and Smith Lake to mention a few. Livingroom floor covering complete 9/2021 BUYER COULD NOT OBTAIN FINANCING. .. Now you have a chance to get this lovely home at a wonderful price. .. .. . 1 shed is included All information to be verified by buyer.

23. 2018-03-01
    soldstatus $80,000
24. 2018-02-28
    soldstatus $80,000
25. 2017-11-09
    listed $90,000
26. 2013-01-25
    soldstatus $55,000
27. 2013-01-24
    soldstatus $55,000
28. 2011-11-07
    listed $55,000

ⓘ 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: $2,130 · $177/mo
• Projected year-2 tax: $2,130 · $177/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 5/10 Major
• 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,789
• − Mortgage interest: −$10,643
• − Property taxes: −$2,130
• − Insurance: −$950
• − Repairs & maintenance: −$1,743
• − Management: −$1,743
• − Depreciation: −$5,527
• Taxable loss: −$947
• Est. tax savings @ 24.0%: +$227
• After-tax cash flow: $2,404/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: 34,665
• 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

+245.5% since first listed

28 events — show timeline

• 2026-04-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-19 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-20 Listed $190,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-10-31 Price Changed $195,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Price Changed $199,500 Stellar MLS as Distributed by MLS Grid
• 2024-07-20 Listed $210,000 Stellar MLS as Distributed by MLS Grid
• 2021-12-15 Sold (Public Records) $145,000 Public Records
• 2021-12-14 Sold (MLS) $145,000 Stellar MLS as Distributed by MLS Grid
• 2021-11-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-10-19 Price Changed $155,000 Stellar MLS as Distributed by MLS Grid
• 2021-10-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-10-14 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-10-04 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2021-09-16 Price Changed $166,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-30 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2021-08-26 Listed $172,000 Stellar MLS as Distributed by MLS Grid
• 2018-03-01 Sold (Public Records) $80,000 Public Records
• 2018-02-28 Sold (MLS) $80,000 Stellar MLS as Distributed by MLS Grid
• 2017-11-09 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2013-01-25 Sold (Public Records) $55,000 Public Records
• 2013-01-24 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2011-11-07 Listed $55,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.3%/yr

Latest (2025): $2,130 · +12.9% YoY. Source: county tax records.