5888 NW 21st St · Ocala, FL 34482

$254,900

2 bd · 2.0 ba · 1,697 sqft · SingleFamily public records · 130 Days on market

Built 2003 8,712 sqft lot $150/sqft · 20% below area Est $318k · 20% under $294/mo HOA · 14% of rent ↓ 7% since listing

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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 +15.0/15.0
• Cash flow +6.2/30.0
• Rent growth +5.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• DSCR +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the desirable Ocala Palms, this beautifully maintained 2-bedroom, 2-bath concrete block home offers comfort, privacy, and easy Florida living within a premier 55+ golf course community. The home has been exceptionally well cared for and is impressively clean and tidy, making it truly move-in ready. A functional floor plan provides comfortable living and entertaining space, while both bedrooms are generously sized. One of the standout features is the private backyard, which backs up to a single private residence—offering added privacy and a peaceful setting rarely found in the community. The low-maintenance yard allows you to enjoy more time relaxing and less time on upkeep. Ocala Palms is known for its resort-style amenities, including golf, clubhouse activities, fitness options, and a vibrant social calendar—perfect for an active yet relaxed lifestyle. This home is ideal for those seeking privacy, cleanliness, and easy living in one of Ocala’s most popular retirement communities.

Key facts

• Low maintenance yard
• Private backyard
• 8,712 sq ft lot

Tags

• PRIVATE BACKYARD
• LOW MAINTENANCE YARD
• RESORT STYLE AMENITIES
• GOLF COURSE COMMUNITY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $-466 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $173k (32.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (19.0% below list).
• Recommended offer: $173k (32.3% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 69/100 on livability (#476 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute 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 rising fast (+11.1%/yr); 663 active listings in the ZIP; 23 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).
• This rent runs 38% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 130 days — a 12% lower offer ($224k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,636 (32.3% 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 130 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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. 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.
9. 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.
10. 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: 0.81% ✗
• Cap rate: 4.10%
• Cash-on-cash: -7.83%
• DSCR: 0.65
• GRM: 10.3

CMA / ARV

• ARV (median comp): $318,056
• List price: $254,900
• Delta: -19.86%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5391 NW 19th Pl	0.44mi	3/2.0 (+1)	1,715 (+1%)	12mo	$205,000	$120	63
5306 NW 19th Pl	0.53mi	3/2.0 (+1)	1,719 (+1%)	9mo	$344,500	$200	61
5942 NW 26th Ln	0.40mi	2/2.0	1,783 (+5%)	15mo	$295,000	$165	60
5500 NW 23rd Pl	0.38mi	3/2.0 (+1)	1,837 (+8%)	4mo	$245,000	$133	60
5535 NW 23rd Pl	0.37mi	3/2.0 (+1)	1,485 (-12%)	2mo	$280,000	$189	55
5195 NW 21st Loop	0.48mi	3/2.0 (+1)	1,840 (+8%)	8mo	$299,000	$163	52
2570 NW 55th Avenue Rd	0.40mi	2/2.0	1,914 (+13%)	10mo	$297,500	$155	52
5520 NW 26th Ln	0.52mi	3/2.0 (+1)	1,526 (-10%)	8mo	$215,000	$141	47
5160 NW 25th Loop	0.74mi	2/2.0	1,569 (-8%)	8mo	$237,500	$151	47
2439 NW 55th Avenue Rd	0.35mi	3/2.0 (+1)	1,514 (-11%)	17mo	$240,000	$159	47
5405 NW 25th Loop	0.58mi	2/2.0	1,590 (-6%)	22mo	$275,000	$173	44
4487 NW 53rd Ave	0.64mi	3/2.5 (+1)	1,894 (+12%)	13mo	$467,990	$247	33

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -23.3%
• Equity multiple: 0.16×
• Total profit: $-59,810
• Equity at exit: $38,006

10-year hold

• IRR: -7.0%
• Equity multiple: 0.44×
• Total profit: $-39,624
• Equity at exit: $22,039

Cash invested: $71,372 (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 34482

• Rents YoY: 11.1%
• Active inventory: 663
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,066 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$361 /mo · $4,327/yr
• Insurance: −$106
• HOA: −$294
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $-466

Break-even live

Break-even rent $2,655

Max offer price $172,636

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: $63,725
• Closing costs: $7,647
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1527 NW 57th Ct Unit 1 Ocala, FL	3.0	2.0	1460	$1,550	$1.06	21d	1	0.47mi
5399 NW 18th St Ocala, FL	2.0	2.0	1085	$2,100	$1.94	14d	1	0.49mi
5399 NW 18th St Ocala, FL	2.0	2.0	1085	$2,100	$1.94	21d	1	0.49mi
5811 NW 10th St Unit 5811 Ocala, FL	3.0	2.0	1162	$1,649	$1.42	21d	1	0.75mi
1017 NW 57th Ct Unit 1019 Ocala, FL	3.0	2.0	1162	$1,649	$1.42	21d	1	0.77mi
1918 NW 50th Cir Ocala, FL	2.0	2.0	1061	$2,200	$2.07	21d	1	0.78mi
985 NW 57th Ct Unit 985 Ocala, FL	3.0	2.0	1162	$1,649	$1.42	21d	1	0.79mi
985 NW 57th Ct Unit 987 Ocala, FL	3.0	2.0	1162	$1,697	$1.46	21d	1	0.79mi
2048 NW 50th Ave Ocala, FL	2.0	2.0	1062	$2,250	$2.12	21d	1	0.82mi
2028 NW 50th Ave Ocala, FL	2.0	2.0	1066	$1,595	$1.50	21d	1	0.82mi
2038 NW 50th Ave Ocala, FL	2.0	2.0	1062	$2,250	$2.12	21d	1	0.82mi
933 NW 57th Ct Unit 935 Ocala, FL	3.0	2.0	1162	$1,649	$1.42	21d	1	0.83mi
5353 N US Highway 27 Ocala, FL	1.0–3.0	1.0–2.0	1169	$1,785	$1.53	21d	1	0.96mi
3384 NW 54th Ct Ocala, FL	2.0	2.5	1722	$2,300	$1.34	21d	1	1.08mi
5361 NW 33rd Pl Ocala, FL	2.0	2.0	1318	$2,500	$1.90	21d	1	1.09mi
5471 NW 34th St Ocala, FL	2.0	2.0	1318	$2,900	$2.20	21d	1	1.10mi
5333 NW 33rd Pl Ocala, FL	2.0	2.0	1368	$2,300	$1.68	14d	1	1.11mi
3335 NW 52nd Avenue Rd Ocala, FL	2.0	2.5	1318	$2,500	$1.90	21d	1	1.17mi
5191 NW 34th St Ocala, FL	2.0	2.0	1318	$2,400	$1.82	21d	1	1.22mi
5423 NW 35th Lane Rd Ocala, FL	2.0	2.0	1656	$3,200	$1.93	21d	1	1.22mi
311 NW 60th Ave Ocala, FL	3.0	2.0	1462	$1,900	$1.30	21d	1	1.27mi
5048 NW 35th St Ocala, FL	3.0	2.0	1552	$1,900	$1.22	14d	1	1.30mi
4530 NW 14th Loop Ocala, FL	3.0	2.5	1966	$2,250	$1.14	14d	1	1.37mi

HOA detail

• Monthly dues: $294 · $3,528/yr

Listing history 19 events

1. 2026-06-18
   days on market $254,900 Active 130 DOM
2. 2026-06-17
   days on market $254,900 Active 129 DOM
3. 2026-06-16
   days on market $254,900 Active 128 DOM
4. 2026-06-15
   days on market $254,900 Active 127 DOM
5. 2026-06-14
   days on market $254,900 Active 125 DOM
6. 2026-06-13
   days on market $254,900 Active 124 DOM
7. 2026-06-10
   days on market $254,900 Active 122 DOM
8. 2026-06-09
   days on market $254,900 Active 121 DOM
9. 2026-06-08
   days on market $254,900 Active 120 DOM
10. 2026-06-07
    days on market $254,900 Active 119 DOM
11. 2026-06-03
    days on market $254,900 Active 115 DOM
12. 2026-06-02
    days on market $254,900 Active 114 DOM
13. 2026-06-01
    days on market $254,900 Active 113 DOM
14. 2026-05-31
    days on market $254,900 Active 112 DOM
15. 2026-05-30
    days on market $254,900 Active 111 DOM
16. 2026-04-20
    price $254,900 1024-char remark

    Show marketing remark (1024 chars)

    Located in the desirable Ocala Palms, this beautifully maintained 2-bedroom, 2-bath concrete block home offers comfort, privacy, and easy Florida living within a premier 55+ golf course community. The home has been exceptionally well cared for and is impressively clean and tidy, making it truly move-in ready. A functional floor plan provides comfortable living and entertaining space, while both bedrooms are generously sized. One of the standout features is the private backyard, which backs up to a single private residence—offering added privacy and a peaceful setting rarely found in the community. The low-maintenance yard allows you to enjoy more time relaxing and less time on upkeep. Ocala Palms is known for its resort-style amenities, including golf, clubhouse activities, fitness options, and a vibrant social calendar—perfect for an active yet relaxed lifestyle. This home is ideal for those seeking privacy, cleanliness, and easy living in one of Ocala’s most popular retirement communities.

17. 2026-03-20
    price $264,900 1024-char remark

    Show marketing remark (1024 chars)

    Located in the desirable Ocala Palms, this beautifully maintained 2-bedroom, 2-bath concrete block home offers comfort, privacy, and easy Florida living within a premier 55+ golf course community. The home has been exceptionally well cared for and is impressively clean and tidy, making it truly move-in ready. A functional floor plan provides comfortable living and entertaining space, while both bedrooms are generously sized. One of the standout features is the private backyard, which backs up to a single private residence—offering added privacy and a peaceful setting rarely found in the community. The low-maintenance yard allows you to enjoy more time relaxing and less time on upkeep. Ocala Palms is known for its resort-style amenities, including golf, clubhouse activities, fitness options, and a vibrant social calendar—perfect for an active yet relaxed lifestyle. This home is ideal for those seeking privacy, cleanliness, and easy living in one of Ocala’s most popular retirement communities.

18. 2026-03-01
    price $269,900 1024-char remark

    Show marketing remark (1024 chars)

    Located in the desirable Ocala Palms, this beautifully maintained 2-bedroom, 2-bath concrete block home offers comfort, privacy, and easy Florida living within a premier 55+ golf course community. The home has been exceptionally well cared for and is impressively clean and tidy, making it truly move-in ready. A functional floor plan provides comfortable living and entertaining space, while both bedrooms are generously sized. One of the standout features is the private backyard, which backs up to a single private residence—offering added privacy and a peaceful setting rarely found in the community. The low-maintenance yard allows you to enjoy more time relaxing and less time on upkeep. Ocala Palms is known for its resort-style amenities, including golf, clubhouse activities, fitness options, and a vibrant social calendar—perfect for an active yet relaxed lifestyle. This home is ideal for those seeking privacy, cleanliness, and easy living in one of Ocala’s most popular retirement communities.

19. 2026-02-08
    listed $275,000 Active 1024-char remark

    Show marketing remark (1024 chars)

    Located in the desirable Ocala Palms, this beautifully maintained 2-bedroom, 2-bath concrete block home offers comfort, privacy, and easy Florida living within a premier 55+ golf course community. The home has been exceptionally well cared for and is impressively clean and tidy, making it truly move-in ready. A functional floor plan provides comfortable living and entertaining space, while both bedrooms are generously sized. One of the standout features is the private backyard, which backs up to a single private residence—offering added privacy and a peaceful setting rarely found in the community. The low-maintenance yard allows you to enjoy more time relaxing and less time on upkeep. Ocala Palms is known for its resort-style amenities, including golf, clubhouse activities, fitness options, and a vibrant social calendar—perfect for an active yet relaxed lifestyle. This home is ideal for those seeking privacy, cleanliness, and easy living in one of Ocala’s most popular retirement communities.

ⓘ 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: $4,327 · $361/mo
• Projected year-2 tax: $4,327 · $361/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 ≥107°F today · 23 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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,787
• − Mortgage interest: −$14,278
• − Property taxes: −$4,327
• − Insurance: −$1,274
• − Repairs & maintenance: −$1,983
• − Management: −$1,983
• − HOA: −$3,528
• − Depreciation: −$7,415
• Taxable loss: −$10,002
• Est. tax savings @ 24.0%: +$2,400
• After-tax cash flow: $-3,188/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 — Ocala

• Score: 69/100
• State rank: #476
• US rank: #8461

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 22,807
• Household income: $65,901
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 282.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 19% Black 14% Two or more races 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 9% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 81% English-only · Spanish 16% 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: ▼ -133.62%
• Current HPI: 194.3857
• Rent YoY: ▲ 11.12%
• 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

-7.3% since first listed

4 events — show timeline

• 2026-04-20 Price Changed $254,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Price Changed $264,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-01 Price Changed $269,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-08 Listed $275,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.8%/yr

Latest (2025): $4,327 · +5.7% YoY. Source: county tax records.