2419 SE 16th Ave Unit H · Ocala, FL 34471

$99,000

2 bd · 1.0 ba · 891 sqft · Condo public records · 62 Days on market

Built 1971 $111/sqft · 12% below area Est $112k · 12% under $286/mo HOA · 21% of rent

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Why this score? — see what drove the C- 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 +15.8/30.0
• ARV discount +12.9/15.0
• 1% rule +8.5/10.0
• DSCR +4.9/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two Bedroom one bath Condo unit for sale. Centrally located in quiet condominium community. Springwood Village in Ocala, FL, is a condominium community offering residents access to two swimming pools, tennis courts, a basketball court, a fitness room, a clubhouse, and a car wash station with vacuums. The HOA covers exterior maintenance, water, sewer, and security. Possible Owner Financing! Ready to move in.

Key facts

• $286 HOA
• Pool
• Built 1971

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $99k.

Deal economics

• At list price, monthly cash flow is $45 ($539/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $93k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 4.2% in Ocala — 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 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.
• Zoned schools: South Ocala Elementary School (math 45% / reading 43%, grade F, #1,330 of 2,144 statewide, top 63%, 715 students, 60% FRL); Osceola Middle School (math 60% / reading 58%, grade B, #144 of 571 statewide, top 26%, 999 students, 44% FRL); Forest High School (math 36% / reading 54%, grade D-, #228 of 667 statewide, top 35%, 2,325 students, 42% FRL).
• Market conditions: Rents soft (-0.6%/yr); 318 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 23d 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 $684 of loan paydown is wiped out by about $3k 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 62 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask is 6500% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $37k; list at $99k implies a 169% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.
• 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 $93,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 6.84%
• Cash-on-cash: 1.94%
• DSCR: 1.09
• GRM: 6.2

CMA / ARV

• ARV (median comp): $112,450
• List price: $99,000
• Delta: -11.96%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -18.0%
• Equity multiple: 0.39×
• Total profit: $-16,870
• Equity at exit: $14,761

10-year hold

• IRR: -22.3%
• Equity multiple: 0.09×
• Total profit: $-25,219
• Equity at exit: $8,560

Cash invested: $27,720 (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 34471

• Rents YoY: -0.6%
• Active inventory: 318
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,334 high
• Mortgage (P&I): −$519
• Tax from tax record: −$162 /mo · $1,946/yr
• Insurance: −$41
• HOA: −$286
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $45

Break-even live

Break-even rent $1,277

Max offer price $99,000

Occupancy floor 92%

Sensitivity live

Price	-10% $101	-5% $73	+0% $45	+5% $17	+10% $-11
Rent	-10% $-60	-5% $-8	+0% $45	+5% $98	+10% $150
Rate	-1.0pp $95	-0.5pp $70	base $45	+0.5pp $19	+1.0pp $-7

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1610 SE 25th St Unit A Ocala, FL	1.0	1.0	669	$1,174	$1.75	22d	1	0.07mi
2201 SE 14th Ave Ocala, FL	2.0	1.5	1050	$1,162	$1.11	15d	2	0.08mi
1850 SE 18th Ave Ocala, FL	1.0–3.0	1.0–2.0	999	$1,648	$1.65	15d	51	0.25mi
3001 SE Lake Weir Ave Ocala, FL	1.0–3.0	1.0–2.0	812	$1,612	$1.98	15d	16	0.38mi
3009 SE 7th Ave Apt D Ocala, FL	2.0	1.0	850	$1,050	$1.24	22d	1	0.70mi
3009 SE 7th Ave Unit C Ocala, FL	2.0	1.0	850	$1,100	$1.29	22d	1	0.70mi
3032 SE 5th Ter Unit F Ocala, FL	1.0	1.0	650	$1,000	$1.54	22d	1	0.78mi
3032 SE 5th Ter Unit D Ocala, FL	1.0	1.0	650	$1,050	$1.62	22d	1	0.78mi
3140 SE 1st Ave Ocala, FL	1.0–2.0	1.0–2.0	800	$1,249	$1.56	15d	5	0.96mi
3800 SE 17th Ct Unit B Ocala, FL	2.0	1.0	808	$1,199	$1.48	22d	1	1.01mi
2270 SE 34th St Ocala, FL	2.0	1.5	1022	$1,500	$1.47	15d	1	1.01mi
730 SE 13th St Ocala, FL	2.0	1.0	1000	$1,499	$1.50	22d	1	1.10mi
3950 SE 19th Ave Unit D Ocala, FL	2.0	1.0	808	$1,250	$1.55	22d	1	1.10mi
510 SE 11th St Unit 510-D Ocala, FL	2.0	1.0	925	$995	$1.08	15d	1	1.28mi
1220 SE 3rd St Ocala, FL	2.0	1.0	800	$1,550	$1.94	22d	1	1.39mi
127 SE 13th Ave Unit R 3107 Ocala, FL	2.0	1.0	956	$1,225	$1.28	15d	1	1.44mi
131 SE 13th Ave Ocala, FL	2.0	1.0	956	$1,225	$1.28	15d	1	1.45mi
900 SE 3rd Ave Ocala, FL	2.0–3.0	2.0	1160	$1,795	$1.55	15d	4	1.47mi
1316 E Fort King St Unit 1316-1 Ocala, FL	2.0	1.0	892	$1,499	$1.68	22d	1	1.47mi

HOA detail condo

• Monthly dues: $286 · $3,432/yr
• Likely covers: watersewerexterior maint.poolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 8 events

1. 2026-05-14
   price $99,000 410-char remark

   Show marketing remark (410 chars)

   Two Bedroom one bath Condo unit for sale. Centrally located in quiet condominium community. Springwood Village in Ocala, FL, is a condominium community offering residents access to two swimming pools, tennis courts, a basketball court, a fitness room, a clubhouse, and a car wash station with vacuums. The HOA covers exterior maintenance, water, sewer, and security. Possible Owner Financing! Ready to move in.

2. 2026-03-20
   listed $1,500

   Show marketing remark (410 chars)

   Two Bedroom one bath Condo unit for sale. Centrally located in quiet condominium community. Springwood Village in Ocala, FL, is a condominium community offering residents access to two swimming pools, tennis courts, a basketball court, a fitness room, a clubhouse, and a car wash station with vacuums. The HOA covers exterior maintenance, water, sewer, and security. Possible Owner Financing! Ready to move in.

3. 2026-03-20
   listed $120,000 Active 410-char remark

   Show marketing remark (410 chars)

   Two Bedroom one bath Condo unit for sale. Centrally located in quiet condominium community. Springwood Village in Ocala, FL, is a condominium community offering residents access to two swimming pools, tennis courts, a basketball court, a fitness room, a clubhouse, and a car wash station with vacuums. The HOA covers exterior maintenance, water, sewer, and security. Possible Owner Financing! Ready to move in.

4. 2026-01-28
   historical
5. 2025-10-23
   listed $117,000 Active
6. 2021-07-28
   soldstatus $36,800
7. 1996-12-31
   soldstatus $30,000
8. 1980-04-01
   soldstatus $25,900

ⓘ 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: $1,946 · $162/mo
• Projected year-2 tax: $1,946 · $162/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 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,003
• − Mortgage interest: −$5,546
• − Property taxes: −$1,946
• − Insurance: −$495
• − Repairs & maintenance: −$1,280
• − Management: −$1,280
• − HOA: −$3,432
• − Depreciation: −$2,880
• Taxable loss: −$856
• Est. tax savings @ 24.0%: +$206
• After-tax cash flow: $744/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

• Census place: Ocala, FL
• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 28,342
• Household income: $65,789
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1494.0

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 (67%)
• Race & ethnicity: White 67% Hispanic / Latino 16% Two or more races 11% Black 10% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 3% Dominican 1%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, Jamaica, Dominican Republic
• Languages at home: 86% English-only · Spanish 11% Other Asian/Pacific 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: ▼ -176.55%
• Current HPI: 224.1709
• Rent YoY: ▼ -0.64%
• 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

+282.2% since first listed

8 events — show timeline

• 2026-05-14 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-20 Listed for Rent $1,500 STELLARMLS
• 2026-03-20 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-23 Listed $117,000 Stellar MLS as Distributed by MLS Grid
• 2021-07-28 Sold (Public Records) $36,800 Public Records
• 1996-12-31 Sold (Public Records) $30,000 Public Records
• 1980-04-01 Sold (Public Records) $25,900 Public Records

Property tax history

+12.9%/yr

Latest (2025): $1,946 · +2.2% YoY. Source: county tax records.