18012 SW 68 Loop · Rainbow Springs, FL 34432

$349,999

3 bd · 2.0 ba · 2,280 sqft · SingleFamily public records · 193 Days on market

Built 1984 1.10 ac lot $154/sqft · 13% below area Est $429k · 18% under $20/mo HOA

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.9/10.0
• 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

Beautiful home in the sought after friendly community of The Forest At Rainbow Springs. Charming split floor plan home that boasts over 2400 square feet of living space! This home features 3 generously sized bedrooms and 2 full bathrooms, offering both comfort and functionality. The open lay out offers plenty of space to relax and the large windows allow natural light to fill every room. The kitchen features a built in oven and a cooktop conveniently located on the island, creating the perfect set up for both everyday cooking and entertaining. The spacious master bedroom offers comfort and privacy, complete with a large en-suite bathroom featuring a walk-in shower. Double doors open directly from the bedroom onto a private enclosed porch, creating a peaceful retreat perfect for relaxing mornings or quiet evenings! Gather with family and friends in a warm, inviting living room where the fireplace creates a perfect backdrop for cozy nights spent indoors. A private office is conveniently located just off the garage, offering the perfect space for remote work, organization or creative projects. Its quiet location provides privacy while remaining easily accessible from the main living area. The property has a large private back yard and there is plenty of room to add a pool! There is also a shed out back for additional storage. This low HOA community offers many different amenities which include a private beach on The Rainbow River, community pool, clubhouse with a restaurant, pickleball/tennis courts, walking trails and a calendar with events offered for its members. Within 5 minutes, there is a 9 hole golf course at Rainbows End. Property is located within 5 minutes of The Rainbow River, which is spring fed and stays 72 degrees year round. A short 7 minute drive to Dunnellon where you will find restaurants, grocery stores, medical offices and shopping.

Key facts

• Large windows
• Split floor plan
• Cooktop on island

Tags

• SPLIT FLOOR PLAN
• LARGE WINDOWS
• BUILT IN OVEN
• COOKTOP ON ISLAND
• PRIVATE ENCLOSED PORCH
• LARGE PRIVATE BACK YARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $1k ($17k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $350k).
• Recommended offer: $308k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 3.7% in Rainbow 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: 550 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $2k of loan paydown is wiped out by about $10k 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 $98k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 193 days — a 12% lower offer ($308k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $70k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $114k; list at $350k implies a 207% 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; moderate wildfire risk; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $307,999 (12.0% below list)

Questions for the listing agent

1. It's been on market 193 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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: 1.29% ✓
• Cap rate: 11.04%
• Cash-on-cash: 16.97%
• DSCR: 1.75
• GRM: 6.5

CMA / ARV

• ARV (median comp): $429,156
• List price: $349,999
• Delta: -18.44%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6680 SW 179th Court Rd	0.30mi	4/3.0 (+1)	2,508 (+10%)	11mo	$440,000	$175	51
18328 SW 73rd Loop	0.67mi	3/2.0	2,133 (-6%)	11mo	$460,000	$216	49
6532 SW 180th Cir	0.68mi	3/2.0	2,034 (-11%)	8mo	$378,535	$186	44

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: 8.2%
• Equity multiple: 1.32×
• Total profit: $31,455
• Equity at exit: $52,186

10-year hold

• IRR: 17.4%
• Equity multiple: 2.44×
• Total profit: $140,687
• Equity at exit: $30,262

Cash invested: $98,000 (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 34432

• Home prices YoY: -21.5%
• Active inventory: 550
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $4,500 medium
• Mortgage (P&I): −$1,835
• Tax from tax record: −$168 /mo · $2,016/yr
• Insurance: −$146
• HOA: −$20
• Vacancy / Maint / Mgmt: −$945
• Net cashflow: $1,386

Break-even live

Break-even rent $2,746

Max offer price $349,999

Occupancy floor 64%

Sensitivity live

Price	-10% $1,584	-5% $1,485	+0% $1,386	+5% $1,287	+10% $1,188
Rent	-10% $1,030	-5% $1,208	+0% $1,386	+5% $1,563	+10% $1,741
Rate	-1.0pp $1,562	-0.5pp $1,475	base $1,386	+0.5pp $1,295	+1.0pp $1,203

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: $87,500
• Closing costs: $10,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6752 SW 179th Avenue Rd Dunnellon, FL	3.0	2.0	1963	$4,500	$2.29	22d	1	0.42mi

HOA detail

• Monthly dues: $20 · $240/yr
• Likely covers: pool

Listing history 20 events

1. 2026-06-18
   days on market $349,999 Active 193 DOM
2. 2026-06-17
   days on market $349,999 Active 192 DOM
3. 2026-06-16
   days on market $349,999 Active 191 DOM
4. 2026-06-15
   days on market $349,999 Active 190 DOM
5. 2026-06-14
   days on market $349,999 Active 188 DOM
6. 2026-06-13
   days on market $349,999 Active 187 DOM
7. 2026-06-10
   days on market $349,999 Active 185 DOM
8. 2026-06-09
   days on market $349,999 Active 184 DOM
9. 2026-06-08
   days on market $349,999 Active 183 DOM
10. 2026-06-07
    days on market $349,999 Active 182 DOM
11. 2026-06-03
    days on market $349,999 Active 178 DOM
12. 2026-06-02
    days on market $349,999 Active 177 DOM
13. 2026-05-31
    days on market $349,999 Active 175 DOM
14. 2026-05-30
    days on market $349,999 Active 174 DOM
15. 2026-03-15
    status Active 1881-char remark

    Show marketing remark (1881 chars)

    Beautiful home in the sought after friendly community of The Forest At Rainbow Springs. Charming split floor plan home that boasts over 2400 square feet of living space! This home features 3 generously sized bedrooms and 2 full bathrooms, offering both comfort and functionality. The open lay out offers plenty of space to relax and the large windows allow natural light to fill every room. The kitchen features a built in oven and a cooktop conveniently located on the island, creating the perfect set up for both everyday cooking and entertaining. The spacious master bedroom offers comfort and privacy, complete with a large en-suite bathroom featuring a walk-in shower. Double doors open directly from the bedroom onto a private enclosed porch, creating a peaceful retreat perfect for relaxing mornings or quiet evenings! Gather with family and friends in a warm, inviting living room where the fireplace creates a perfect backdrop for cozy nights spent indoors. A private office is conveniently located just off the garage, offering the perfect space for remote work, organization or creative projects. Its quiet location provides privacy while remaining easily accessible from the main living area. The property has a large private back yard and there is plenty of room to add a pool! There is also a shed out back for additional storage. This low HOA community offers many different amenities which include a private beach on The Rainbow River, community pool, clubhouse with a restaurant, pickleball/tennis courts, walking trails and a calendar with events offered for its members. Within 5 minutes, there is a 9 hole golf course at Rainbows End. Property is located within 5 minutes of The Rainbow River, which is spring fed and stays 72 degrees year round. A short 7 minute drive to Dunnellon where you will find restaurants, grocery stores, medical offices and shopping.

16. 2026-02-18
    status Pending 1881-char remark

    Show marketing remark (1881 chars)

    Beautiful home in the sought after friendly community of The Forest At Rainbow Springs. Charming split floor plan home that boasts over 2400 square feet of living space! This home features 3 generously sized bedrooms and 2 full bathrooms, offering both comfort and functionality. The open lay out offers plenty of space to relax and the large windows allow natural light to fill every room. The kitchen features a built in oven and a cooktop conveniently located on the island, creating the perfect set up for both everyday cooking and entertaining. The spacious master bedroom offers comfort and privacy, complete with a large en-suite bathroom featuring a walk-in shower. Double doors open directly from the bedroom onto a private enclosed porch, creating a peaceful retreat perfect for relaxing mornings or quiet evenings! Gather with family and friends in a warm, inviting living room where the fireplace creates a perfect backdrop for cozy nights spent indoors. A private office is conveniently located just off the garage, offering the perfect space for remote work, organization or creative projects. Its quiet location provides privacy while remaining easily accessible from the main living area. The property has a large private back yard and there is plenty of room to add a pool! There is also a shed out back for additional storage. This low HOA community offers many different amenities which include a private beach on The Rainbow River, community pool, clubhouse with a restaurant, pickleball/tennis courts, walking trails and a calendar with events offered for its members. Within 5 minutes, there is a 9 hole golf course at Rainbows End. Property is located within 5 minutes of The Rainbow River, which is spring fed and stays 72 degrees year round. A short 7 minute drive to Dunnellon where you will find restaurants, grocery stores, medical offices and shopping.

17. 2026-02-15
    price $380,000 1881-char remark

    Show marketing remark (1881 chars)

    Beautiful home in the sought after friendly community of The Forest At Rainbow Springs. Charming split floor plan home that boasts over 2400 square feet of living space! This home features 3 generously sized bedrooms and 2 full bathrooms, offering both comfort and functionality. The open lay out offers plenty of space to relax and the large windows allow natural light to fill every room. The kitchen features a built in oven and a cooktop conveniently located on the island, creating the perfect set up for both everyday cooking and entertaining. The spacious master bedroom offers comfort and privacy, complete with a large en-suite bathroom featuring a walk-in shower. Double doors open directly from the bedroom onto a private enclosed porch, creating a peaceful retreat perfect for relaxing mornings or quiet evenings! Gather with family and friends in a warm, inviting living room where the fireplace creates a perfect backdrop for cozy nights spent indoors. A private office is conveniently located just off the garage, offering the perfect space for remote work, organization or creative projects. Its quiet location provides privacy while remaining easily accessible from the main living area. The property has a large private back yard and there is plenty of room to add a pool! There is also a shed out back for additional storage. This low HOA community offers many different amenities which include a private beach on The Rainbow River, community pool, clubhouse with a restaurant, pickleball/tennis courts, walking trails and a calendar with events offered for its members. Within 5 minutes, there is a 9 hole golf course at Rainbows End. Property is located within 5 minutes of The Rainbow River, which is spring fed and stays 72 degrees year round. A short 7 minute drive to Dunnellon where you will find restaurants, grocery stores, medical offices and shopping.

18. 2026-01-27
    price $399,999 1881-char remark

    Show marketing remark (1881 chars)

    Beautiful home in the sought after friendly community of The Forest At Rainbow Springs. Charming split floor plan home that boasts over 2400 square feet of living space! This home features 3 generously sized bedrooms and 2 full bathrooms, offering both comfort and functionality. The open lay out offers plenty of space to relax and the large windows allow natural light to fill every room. The kitchen features a built in oven and a cooktop conveniently located on the island, creating the perfect set up for both everyday cooking and entertaining. The spacious master bedroom offers comfort and privacy, complete with a large en-suite bathroom featuring a walk-in shower. Double doors open directly from the bedroom onto a private enclosed porch, creating a peaceful retreat perfect for relaxing mornings or quiet evenings! Gather with family and friends in a warm, inviting living room where the fireplace creates a perfect backdrop for cozy nights spent indoors. A private office is conveniently located just off the garage, offering the perfect space for remote work, organization or creative projects. Its quiet location provides privacy while remaining easily accessible from the main living area. The property has a large private back yard and there is plenty of room to add a pool! There is also a shed out back for additional storage. This low HOA community offers many different amenities which include a private beach on The Rainbow River, community pool, clubhouse with a restaurant, pickleball/tennis courts, walking trails and a calendar with events offered for its members. Within 5 minutes, there is a 9 hole golf course at Rainbows End. Property is located within 5 minutes of The Rainbow River, which is spring fed and stays 72 degrees year round. A short 7 minute drive to Dunnellon where you will find restaurants, grocery stores, medical offices and shopping.

19. 2025-11-12
    listed $420,000 Active 1881-char remark

    Show marketing remark (1881 chars)

    Beautiful home in the sought after friendly community of The Forest At Rainbow Springs. Charming split floor plan home that boasts over 2400 square feet of living space! This home features 3 generously sized bedrooms and 2 full bathrooms, offering both comfort and functionality. The open lay out offers plenty of space to relax and the large windows allow natural light to fill every room. The kitchen features a built in oven and a cooktop conveniently located on the island, creating the perfect set up for both everyday cooking and entertaining. The spacious master bedroom offers comfort and privacy, complete with a large en-suite bathroom featuring a walk-in shower. Double doors open directly from the bedroom onto a private enclosed porch, creating a peaceful retreat perfect for relaxing mornings or quiet evenings! Gather with family and friends in a warm, inviting living room where the fireplace creates a perfect backdrop for cozy nights spent indoors. A private office is conveniently located just off the garage, offering the perfect space for remote work, organization or creative projects. Its quiet location provides privacy while remaining easily accessible from the main living area. The property has a large private back yard and there is plenty of room to add a pool! There is also a shed out back for additional storage. This low HOA community offers many different amenities which include a private beach on The Rainbow River, community pool, clubhouse with a restaurant, pickleball/tennis courts, walking trails and a calendar with events offered for its members. Within 5 minutes, there is a 9 hole golf course at Rainbows End. Property is located within 5 minutes of The Rainbow River, which is spring fed and stays 72 degrees year round. A short 7 minute drive to Dunnellon where you will find restaurants, grocery stores, medical offices and shopping.

20. 1999-09-22
    soldstatus $114,000

ⓘ 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: $2,016 · $168/mo
• Projected year-2 tax: $2,905 · $242/mo
• Expected delta: +$889/yr (+$74/mo · 44.1%)

ⓘ 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 · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $54,000
• − Mortgage interest: −$19,605
• − Property taxes: −$2,016
• − Insurance: −$1,750
• − Repairs & maintenance: −$4,320
• − Management: −$4,320
• − HOA: −$240
• − Depreciation: −$10,182
• Taxable income: $11,566
• Est. tax owed @ 24.0%: −$2,776
• After-tax cash flow: $13,852/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 — Rainbow Springs

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

Census & demographics

• Census place: Rainbow Springs, FL
• Population (ZIP): 13,197

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 16% Two or more races 11% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7% Cuban 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 9% 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: ▼ -57.34%
• Current HPI: 209.595
• 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

+233.3% since first listed

6 events — show timeline

• 2026-03-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-15 Price Changed $380,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Price Changed $399,999 Stellar MLS as Distributed by MLS Grid
• 2025-11-12 Listed $420,000 Stellar MLS as Distributed by MLS Grid
• 1999-09-22 Sold (Public Records) $114,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $2,016 · +13.8% YoY. Source: county tax records.