364 NE 62nd Ter · Silver Springs, FL 34470

$100,000

3 bd · 2.0 ba · 1,338 sqft · Manufactured public records · 37 Days on market

Built 1974 0.34 ac lot Est $155k · 36% under $150/mo HOA · 9% of rent

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

3/2 Doublewide on Ocala E. Villas. NOT a 55+ community. You own home and land. HOA $67 per month includes water, sewer, trash pick up, yard waste pick up, recycling pick up. Use of community pool and clubhouse which has a library and a workout room. Paved gated lot to park RV or boat. This home has floors all updated with new sub-flooring and wood, custom built cabinets in kitchen. Master bedroom has double doors to accommodate wheel chairs. Bath also has wider doors. Great florida room overlooks big back yard. 3 storage sheds with one being a workshop

Key facts

• Wood floors
• Florida room
• Doublewide home

Tags

• DOUBLEWIDE HOME
• WOOD FLOORS
• CUSTOM BUILT CABINETS
• WHEELCHAIR ACCESSIBLE
• FLORIDA ROOM
• LARGE BACK YARD

🏷️ Possibly a rental listed for sale. The $100,000 price doesn't fit this home's estimated sale value (~$155,208) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $100k.

Deal economics

• At list price, monthly cash flow is $471 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 4.5% in Silver 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.
• Zoned schools: Ward-Highlands Elementary School (math 60% / reading 55%, grade C+, #764 of 2,144 statewide, top 36%, 959 students, 59% FRL); Vanguard High School (math 22% / reading 48%, grade F, #379 of 667 statewide, top 58%, 1,661 students, 59% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: Rents soft (-0.1%/yr); 295 active listings in the ZIP; 10 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).
• This rent runs 39% of the median local income ($52k/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 $691 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 21y 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 $55k; list at $100k implies a 82% 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→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $97,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — 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. 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: 1.70% ✓
• Cap rate: 11.94%
• Cash-on-cash: 20.18%
• DSCR: 1.90
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $155,208
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25 NE 66th Ct	0.40mi	3/2.0	1,338 (0%)	6mo	$114,900	$86	76
6500 NE 3rd St	0.21mi	2/2.0 (-1)	1,244 (-7%)	2mo	$144,900	$116	72
6786 NE 5th Pl	0.43mi	2/2.0 (-1)	1,243 (-7%)	6mo	$118,000	$95	58
9 SE 70th Cir	0.73mi	3/2.0	1,166 (-13%)	7mo	$185,000	$159	38

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 8.5%
• Equity multiple: 1.32×
• Total profit: $8,930
• Equity at exit: $14,910

10-year hold

• IRR: 14.5%
• Equity multiple: 1.99×
• Total profit: $27,653
• Equity at exit: $8,646

Cash invested: $28,000 (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 34470

• Home prices YoY: -27.6%
• Rents YoY: -0.1%
• Active inventory: 295
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,705 high
• Mortgage (P&I): −$524
• Tax from tax record: −$160 /mo · $1,918/yr
• Insurance: −$42
• HOA: −$150
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $471

Break-even live

Break-even rent $1,109

Max offer price $100,000

Occupancy floor 67%

Sensitivity live

Price	-10% $527	-5% $499	+0% $471	+5% $443	+10% $414
Rent	-10% $336	-5% $404	+0% $471	+5% $538	+10% $606
Rate	-1.0pp $521	-0.5pp $496	base $471	+0.5pp $445	+1.0pp $419

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15 NE 63rd Ct Ocala, FL	3.0	2.0	1500	$1,700	$1.13	22d	1	0.25mi
6772 NE 1st St Unit Na Ocala, FL	3.0	2.0	1300	$1,500	$1.15	15d	1	0.46mi
6859 NE 1st Pl Ocala, FL	3.0	2.0	1250	$1,400	$1.12	22d	1	0.47mi
6858 NE 2nd Loop Ocala, FL	2.0	2.0	950	$1,250	$1.32	22d	1	0.52mi
100 SE 68th Ct Ocala, FL	3.0	2.0	1612	$1,850	$1.15	22d	1	0.54mi
6001 SE 4th Pl Ocala, FL	3.0	2.0	1865	$2,295	$1.23	15d	1	0.58mi
5725 SE 3rd Pl Ocala, FL	3.0	2.0	1608	$1,550	$0.96	22d	1	0.58mi
4907 NE 6th St Ocala, FL	3.0	2.0	1864	$2,200	$1.18	22d	1	1.23mi
1503 Peachtree Ln Ocala, FL	2.0	2.0	1152	$1,450	$1.26	22d	1	1.24mi
331 NE 45th Ter Ocala, FL	3.0	2.0	1637	$2,500	$1.53	22d	1	1.42mi

HOA detail

• Monthly dues: $150 · $1,800/yr
• Likely covers: watersewertrashpoolsecurity

Listing history 11 events

1. 2024-10-30
   status Pending
2. 2024-09-23
   listed $100,000 Active
3. 2016-06-20
   soldstatus $55,000
4. 2016-06-10
   soldstatus $55,000 558-char remark

   Show marketing remark (558 chars)

   3/2 Doublewide on Ocala E. Villas. NOT a 55+ community. You own home and land. HOA $67 per month includes water, sewer, trash pick up, yard waste pick up, recycling pick up. Use of community pool and clubhouse which has a library and a workout room. Paved gated lot to park RV or boat. This home has floors all updated with new sub-flooring and wood, custom built cabinets in kitchen. Master bedroom has double doors to accommodate wheel chairs. Bath also has wider doors. Great florida room overlooks big back yard. 3 storage sheds with one being a workshop

5. 2016-02-02
   listed $62,900 558-char remark

   Show marketing remark (558 chars)

   3/2 Doublewide on Ocala E. Villas. NOT a 55+ community. You own home and land. HOA $67 per month includes water, sewer, trash pick up, yard waste pick up, recycling pick up. Use of community pool and clubhouse which has a library and a workout room. Paved gated lot to park RV or boat. This home has floors all updated with new sub-flooring and wood, custom built cabinets in kitchen. Master bedroom has double doors to accommodate wheel chairs. Bath also has wider doors. Great florida room overlooks big back yard. 3 storage sheds with one being a workshop

6. 2005-04-12
   soldstatus $64,900
7. 2005-03-31
   soldstatus $64,900 218-char remark

   Show marketing remark (218 chars)

   ESPECIALLY NICE HOME W/ UPDATED KITCHEN FEATURING NEW CABINETS, COUNTERS, FLOOR, BUILT-IN MICROWAVE GLASS TOP STOVE. SUB FLOORS REPLACED THRU MOST OF HOME. NEWER TOILETS LAVORTORIES IN BOTH BATHS, NEW HOT WATER HEATER.

8. 2005-02-15
   listed $64,900 218-char remark

   Show marketing remark (218 chars)

   ESPECIALLY NICE HOME W/ UPDATED KITCHEN FEATURING NEW CABINETS, COUNTERS, FLOOR, BUILT-IN MICROWAVE GLASS TOP STOVE. SUB FLOORS REPLACED THRU MOST OF HOME. NEWER TOILETS LAVORTORIES IN BOTH BATHS, NEW HOT WATER HEATER.

9. 2000-12-18
   soldstatus $47,500
10. 1993-04-19
    soldstatus $53,550
11. 1984-09-01
    soldstatus $39,900

ⓘ 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: $1,918 · $160/mo
• Projected year-2 tax: $1,918 · $160/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 ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,457
• − Mortgage interest: −$5,602
• − Property taxes: −$1,918
• − Insurance: −$500
• − Repairs & maintenance: −$1,637
• − Management: −$1,637
• − HOA: −$1,800
• − Depreciation: −$2,909
• Taxable income: $4,456
• Est. tax owed @ 24.0%: −$1,069
• After-tax cash flow: $4,581/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

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

Census & demographics

• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 22,443
• Household income: $52,083
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 771.0

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 (71%)
• Race & ethnicity: White 71% Two or more races 12% Hispanic / Latino 12% Black 10% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 1%
• Common ancestry: Lithuanian 3% Romanian 2% Italian 2%
• Foreign-born: 6% · Canada, Jamaica, Vietnam
• Languages at home: 89% English-only · Spanish 9%

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: ▼ -92.74%
• Current HPI: 242.686
• Rent YoY: ▼ -0.07%
• 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

+150.6% since first listed

11 events — show timeline

• 2024-10-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-09-23 Listed $100,000 Stellar MLS as Distributed by MLS Grid
• 2016-06-20 Sold (Public Records) $55,000 Public Records
• 2016-06-10 Sold (MLS) $55,000 Stellar MLS as Distributed by MLS Grid
• 2016-02-02 Listed $62,900 Stellar MLS as Distributed by MLS Grid
• 2005-04-12 Sold (Public Records) $64,900 Public Records
• 2005-03-31 Sold (MLS) $64,900 Stellar MLS as Distributed by MLS Grid
• 2005-02-15 Listed $64,900 Stellar MLS as Distributed by MLS Grid
• 2000-12-18 Sold (Public Records) $47,500 Public Records
• 1993-04-19 Sold (Public Records) $53,550 Public Records
• 1984-09-01 Sold (Public Records) $39,900 Public Records

Property tax history

+15.8%/yr

Latest (2025): $1,918 · +9.9% YoY. Source: county tax records.