8236 Fairways Cir Unit D102 · Silver Springs Shores, FL 34472

$125,000

2 bd · 2.0 ba · 885 sqft · Condo public records · 217 Days on market

Built 1988 $141/sqft · 10% above area Est $114k · 10% over $300/mo HOA · 22% of rent

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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).

• Cash flow +8.0/30.0
• Appreciation +8.0/10.0
• 1% rule +5.9/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• ARV discount +3.0/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0

Listing remarks MLS

This renovated 2-bedroom, 2-bathroom condo offers an exceptional investment opportunity, located in the sought-after Silver Springs Shores community. The property is low-maintenance and features elegant tile flooring throughout, a modern kitchen equipped with newer appliances, and stylish contemporary finishes. It includes a private porch ideal for outdoor relaxation. A significant advantage is the existing long-term tenant, providing immediate rental income. The community amenities enhance its appeal, including a refreshing pool with picturesque golf course views. Desirable location near shops , golf communities , restaurants and more

Key facts

• Private porch
• Refreshing pool
• Renovated condo

Tags

• RENOVATED CONDO
• PRIVATE PORCH
• COMMUNITY AMENITIES
• REFRESHING POOL
• GOLF COURSE VIEWS
• DESIRABLE LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $125k.

Deal economics

• At list price, monthly cash flow is $-126 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $103k (17.8% below list).
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $103k (17.8% below list) — sets the bar for cash-flow.

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, schools 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 flat; 674 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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

• In year one you build about $8k of equity ($864 loan paydown + $7k 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 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 217 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $102,716 (17.8% 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 217 days. Have you received any prior offers? Is the seller open to a 18% 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. 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. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.09% ✓
• Cap rate: 5.08%
• Cash-on-cash: -4.32%
• DSCR: 0.81
• GRM: 7.6

CMA / ARV

• ARV (median comp): $113,718
• List price: $125,000
• Delta: 9.92%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 10.3%
• Equity multiple: 1.69×
• Total profit: $23,998
• Equity at exit: $78,048

10-year hold

• IRR: 10.4%
• Equity multiple: 3.02×
• Total profit: $70,624
• Equity at exit: $141,079

Cash invested: $35,000 (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 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 674
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,369 high
• Mortgage (P&I): −$656
• Tax from tax record: −$200 /mo · $2,396/yr
• Insurance: −$52
• HOA: −$300
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $-126

Break-even live

Break-even rent $1,528

Max offer price $102,716

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	13d	1	0.05mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	21d	1	0.06mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	21d	1	0.06mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	21d	1	0.06mi
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	21d	1	0.11mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	21d	1	0.15mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	21d	1	0.15mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	21d	1	0.17mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	21d	1	0.22mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	21d	1	0.28mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	21d	1	0.29mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	13d	1	0.35mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	21d	1	0.39mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	21d	1	0.40mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	13d	1	0.43mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	13d	1	0.44mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	21d	1	0.44mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	21d	1	0.68mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	21d	1	0.90mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	21d	1	0.94mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	21d	1	0.97mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	21d	1	1.01mi
7455 Midway Ter Unit K Ocala, FL	2.0	1.0	904	$1,249	$1.38	21d	1	1.31mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	21d	1	1.35mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	13d	1	1.37mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-18
   days on market $125,000 Active 217 DOM
2. 2026-06-17
   days on market $125,000 Active 216 DOM
3. 2026-06-16
   days on market $125,000 Active 215 DOM
4. 2026-06-15
   days on market $125,000 Active 214 DOM
5. 2026-06-14
   days on market $125,000 Active 212 DOM
6. 2026-06-13
   days on market $125,000 Active 211 DOM
7. 2026-06-10
   days on market $125,000 Active 209 DOM
8. 2026-06-09
   days on market $125,000 Active 208 DOM
9. 2026-06-08
   days on market $125,000 Active 207 DOM
10. 2026-06-07
    days on market $125,000 Active 206 DOM
11. 2026-06-03
    days on market $125,000 Active 202 DOM
12. 2026-06-02
    days on market $125,000 Active 201 DOM
13. 2026-05-31
    days on market $125,000 Active 199 DOM
14. 2026-05-30
    days on market $125,000 Active 198 DOM
15. 2025-11-13
    listed $125,000 Active 643-char remark

    Show marketing remark (643 chars)

    This renovated 2-bedroom, 2-bathroom condo offers an exceptional investment opportunity, located in the sought-after Silver Springs Shores community. The property is low-maintenance and features elegant tile flooring throughout, a modern kitchen equipped with newer appliances, and stylish contemporary finishes. It includes a private porch ideal for outdoor relaxation. A significant advantage is the existing long-term tenant, providing immediate rental income. The community amenities enhance its appeal, including a refreshing pool with picturesque golf course views. Desirable location near shops , golf communities , restaurants and more

16. 2023-01-17
    soldstatus $115,000
17. 2023-01-11
    soldstatus $115,000 Closed 574-char remark

    Show marketing remark (574 chars)

    Affordable 2/2 ground floor condo in an all ages community with a low monthly fee. Eat-in kitchen with updated cabinets and countertops, master bedroom with sliding doors to the screened porch, master bathroom with a large tiled step-in shower, washer/dryer included. A low $160 monthly fee makes this condo a great choice for individuals on a budget or for investors wanting to purchase a rental property with low overhead expenses. Less than 2 miles to restaurants, Walmart and other conveniences. Only 1 mile to elementary school. Great investment opportunity. Cash Sale.

18. 2022-12-22
    status Pending 574-char remark

    Show marketing remark (574 chars)

    Affordable 2/2 ground floor condo in an all ages community with a low monthly fee. Eat-in kitchen with updated cabinets and countertops, master bedroom with sliding doors to the screened porch, master bathroom with a large tiled step-in shower, washer/dryer included. A low $160 monthly fee makes this condo a great choice for individuals on a budget or for investors wanting to purchase a rental property with low overhead expenses. Less than 2 miles to restaurants, Walmart and other conveniences. Only 1 mile to elementary school. Great investment opportunity. Cash Sale.

19. 2022-12-05
    status Active 574-char remark

    Show marketing remark (574 chars)

    Affordable 2/2 ground floor condo in an all ages community with a low monthly fee. Eat-in kitchen with updated cabinets and countertops, master bedroom with sliding doors to the screened porch, master bathroom with a large tiled step-in shower, washer/dryer included. A low $160 monthly fee makes this condo a great choice for individuals on a budget or for investors wanting to purchase a rental property with low overhead expenses. Less than 2 miles to restaurants, Walmart and other conveniences. Only 1 mile to elementary school. Great investment opportunity. Cash Sale.

20. 2022-11-21
    listed $125,000 Active 574-char remark

    Show marketing remark (574 chars)

    Affordable 2/2 ground floor condo in an all ages community with a low monthly fee. Eat-in kitchen with updated cabinets and countertops, master bedroom with sliding doors to the screened porch, master bathroom with a large tiled step-in shower, washer/dryer included. A low $160 monthly fee makes this condo a great choice for individuals on a budget or for investors wanting to purchase a rental property with low overhead expenses. Less than 2 miles to restaurants, Walmart and other conveniences. Only 1 mile to elementary school. Great investment opportunity. Cash Sale.

21. 2019-05-21
    soldstatus $55,000
22. 2009-11-04
    soldstatus $53,386
23. 2005-05-04
    soldstatus $60,000
24. 1989-04-01
    soldstatus $62,500

ⓘ 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: $2,396 · $200/mo
• Projected year-2 tax: $2,396 · $200/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 4/10 Moderate
• 🌡 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,422
• − Mortgage interest: −$7,002
• − Property taxes: −$2,396
• − Insurance: −$625
• − Repairs & maintenance: −$1,314
• − Management: −$1,314
• − HOA: −$3,600
• − Depreciation: −$3,636
• Taxable loss: −$3,465
• Est. tax savings @ 24.0%: +$832
• After-tax cash flow: $-682/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

+100.0% since first listed

10 events — show timeline

• 2025-11-13 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-17 Sold (Public Records) $115,000 Public Records
• 2023-01-11 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-12-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-11-21 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2019-05-21 Sold (Public Records) $55,000 Public Records
• 2009-11-04 Sold (Public Records) $53,386 Public Records
• 2005-05-04 Sold (Public Records) $60,000 Public Records
• 1989-04-01 Sold (Public Records) $62,500 Public Records

Property tax history

+10.7%/yr

Latest (2025): $2,396 · +8.3% YoY. Source: county tax records.