232 Oak Ln · Silver Springs Shores, FL 34472

$249,900

3 bd · 2.0 ba · 2,060 sqft · SingleFamily public records · 8 Days on market

Built 2006 10,019 sqft lot Est $266k · 6% under

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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 +10.2/15.0
• Cash flow +9.6/30.0
• Appreciation +8.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0

Listing remarks MLS

Beautifully updated 3 Bedroom 2 Bath Home built in 2006-New paint and carpet-Move-in ready and priced to sell. Split Bedroom Plan, Large Open Kitchen with island/breakfast bar, Family room, Formal Living and Dining areas, 2 Car Garage and inside laundry. Minutes to shopping and walking distance to Lake Weir High School.

Key facts

• Large center island
• Spacious great room
• Private backyard

Tags

• NEW ROOF
• PRIVATE BACKYARD
• FORMAL LIVING AND DINING ROOM
• SPACIOUS GREAT ROOM
• LARGE CENTER ISLAND
• ABUNDANT CABINETRY

Property features AI

Finance

• Other: Property type: Residential single-family; Lot roughly 0.23 acre (approximately 80 x 125); One well and one septic on property; Living area reported as 2,060 sq ft; total building area 2,587 sq ft
• Financial info: Home warranty included
• HOA & community: No HOA association indicated; Pets allowed

Exterior

• Parking: Attached 2-car garage
• Security: Security gate
• Utilities: Well water; Septic tank; Broadband/High-speed internet available; Cable available; Electricity connected; Phone available; Underground utilities; Water connected
• Home design: Single-family residence; One story; Faces west; Residential zoning (R1); Homestead eligible
• Construction: Block and stucco construction; Shingle roof; Built on slab
• Exterior features: Covered front porch; Exterior lighting; Sliding doors; Private mailbox; Cleared, level lot; Paved asphalt road; Public maintained road; Street lights in community

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile; Slab foundation
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Ceiling fans; Eat-in kitchen; High ceilings; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Split bedroom layout; Thermostat; Walk-in closet(s); Blinds; Double-pane windows; Smoke detector(s)
• Laundry & utility: Washer; Dryer; Inside laundry/utility

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-169 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (11.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (26.7% below list).
• Recommended offer: $183k (26.7% below list) — sets the bar for 1% rule.

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, amenities 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.
• Zoned schools: Emerald Shores Elementary School (math 30% / reading 34%, grade F, #1,797 of 2,144 statewide, top 86%, 666 students, 74% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: Rents flat; 683 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 34% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $17k of equity ($2k loan paydown + $15k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 23y 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 $139k; list at $250k implies a 80% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,238 (26.7% 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. 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. 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?
5. 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.
6. 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.
7. 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: 0.73% ✗
• Cap rate: 5.48%
• Cash-on-cash: -2.90%
• DSCR: 0.87
• GRM: 11.4

CMA / ARV

• ARV (on-the-fly): $265,740
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
201 Emerald Loop Pass	0.53mi	3/2.0	1,934 (-6%)	14mo	$250,000	$129	54
311 Oak Track Dr	0.56mi	3/2.0	1,806 (-12%)	9mo	$206,000	$114	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 11.8%
• Equity multiple: 1.79×
• Total profit: $55,276
• Equity at exit: $156,033

10-year hold

• IRR: 11.9%
• Equity multiple: 3.32×
• Total profit: $162,029
• Equity at exit: $282,045

Cash invested: $69,972 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 683
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,832 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$202 /mo · $2,423/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-169

Break-even live

Break-even rent $2,046

Max offer price $220,051

Occupancy floor —

Sensitivity live

Price	-10% $-28	-5% $-98	+0% $-169	+5% $-240	+10% $-310
Rent	-10% $-314	-5% $-241	+0% $-169	+5% $-97	+10% $-24
Rate	-1.0pp $-43	-0.5pp $-105	base $-169	+0.5pp $-234	+1.0pp $-300

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-09
   status Pending
2. 2026-05-01
   listed $249,900 Active
3. 2017-07-28
   soldstatus $139,000
4. 2017-07-21
   soldstatus $139,000 321-char remark

   Show marketing remark (321 chars)

   Beautifully updated 3 Bedroom 2 Bath Home built in 2006-New paint and carpet-Move-in ready and priced to sell. Split Bedroom Plan, Large Open Kitchen with island/breakfast bar, Family room, Formal Living and Dining areas, 2 Car Garage and inside laundry. Minutes to shopping and walking distance to Lake Weir High School.

5. 2017-05-18
   listed $130,000 321-char remark

   Show marketing remark (321 chars)

   Beautifully updated 3 Bedroom 2 Bath Home built in 2006-New paint and carpet-Move-in ready and priced to sell. Split Bedroom Plan, Large Open Kitchen with island/breakfast bar, Family room, Formal Living and Dining areas, 2 Car Garage and inside laundry. Minutes to shopping and walking distance to Lake Weir High School.

6. 2016-08-03
   historical
7. 2016-05-19
   listed $129,900
8. 2007-04-20
   listed $209,900
9. 2006-10-31
   historical
10. 2006-10-31
    historical
11. 2006-06-12
    listed $239,900
12. 2006-06-01
    listed $239,900
13. 2005-10-04
    soldstatus $36,500
14. 2004-02-29
    historical
15. 2003-11-28
    listed $55,900

ⓘ 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: $2,423 · $202/mo
• Projected year-2 tax: $2,423 · $202/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 9/10 Extreme 7 d/yr ≥108°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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,989
• − Mortgage interest: −$13,998
• − Property taxes: −$2,423
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,759
• − Management: −$1,759
• − Depreciation: −$7,270
• Taxable loss: −$6,470
• Est. tax savings @ 24.0%: +$1,553
• After-tax cash flow: $-475/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

• Census place: Silver Springs Shores, FL
• County: Marion County · 315,796 people
• City population: 34,665
• Metro: Ocala, FL
• Population (ZIP): 35,851
• Household income: $64,208
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 655.0

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: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 50% Hispanic / Latino 25% Black 21% Two or more races 18% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 14% Cuban 3%
• Common ancestry: Romanian 2% Iranian 1% Lithuanian 1%
• Foreign-born: 11% · Canada, Jamaica, China
• Languages at home: 78% English-only · Spanish 19% 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: ▲ 5.93%
• Current HPI: 255.0714
• Rent YoY: ▲ 0.17%
• 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

+347.0% since first listed

15 events — show timeline

• 2026-05-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-01 Listed $249,900 Stellar MLS as Distributed by MLS Grid
• 2017-07-28 Sold (Public Records) $139,000 Public Records
• 2017-07-21 Sold (MLS) $139,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-18 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-05-19 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2007-04-20 Listed $209,900 Stellar MLS as Distributed by MLS Grid
• 2006-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-10-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-06-12 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2006-06-01 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2005-10-04 Sold (Public Records) $36,500 Public Records
• 2004-02-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2003-11-28 Listed $55,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+2.7%/yr

Latest (2025): $2,423 · +11.3% YoY. Source: county tax records.