814 NW 2nd St · Ocala, FL 34475

$44,500

3 bd · 1.0 ba · 989 sqft · SingleFamily public records · 2 Days on market

Built 1973 3,920 sqft lot ↓ 19% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

ALERT ALERT!. .INVESTORS. LOOKING TO INVEST? NOW IS THE TIME. Check out this CUTE & COMFY 2/1 HOME. 1 OWNER. JUST RIGHT FOR YOU. Convert EXTRA SPACE INTO BEDROOM, DEN OR OFFICE. NEAR DOWNTOWN. OPEN DINING & LIVING ROOM AREA. .ADORABLE KITCHEN. CLOSE TO MAJOR RETAIL STORES & POPULAR EATERIES. OWNER UPGRADED PLUMBING & ELECTRICAL. HVAC REPLACED 006. MOTIVATED TO SELL.

Key facts

• 3,920 sq ft lot
• Built 1973
• Listed 2 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $44k.

Deal economics

• At list price, monthly cash flow is $833 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $44k).
• Cap rate 28.8% 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.
• Market conditions: 199 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• At $1,438/mo this rent would consume 57% of the median local household income ($30k/yr) (locally 923% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $308 of loan paydown is wiped out by about $1k 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 $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 8y 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 $38k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $44,500

Questions for the listing agent

1. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 3.23% ✓
• Cap rate: 28.77%
• Cash-on-cash: 80.27%
• DSCR: 4.57
• GRM: 2.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 80.5%
• Equity multiple: 4.68×
• Total profit: $45,892
• Equity at exit: $6,635

10-year hold

• IRR: 83.9%
• Equity multiple: 9.70×
• Total profit: $108,392
• Equity at exit: $3,848

Cash invested: $12,460 (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 34475

• Home prices YoY: -8.0%
• Active inventory: 199
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $1,438 high
• Mortgage (P&I): −$233
• Tax from tax record: −$51 /mo · $607/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $833

Break-even live

Break-even rent $383

Max offer price $44,500

Occupancy floor 37%

Sensitivity live

Price	-10% $859	-5% $846	+0% $833	+5% $821	+10% $808
Rent	-10% $720	-5% $777	+0% $833	+5% $890	+10% $947
Rate	-1.0pp $856	-0.5pp $845	base $833	+0.5pp $822	+1.0pp $810

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: $11,125
• Closing costs: $1,335
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
717 W Silver Springs Pl Ocala, FL	3.0	2.0	1000	$1,445	$1.45	14d	1	0.06mi
12 NW 16th Ct Ocala, FL	2.0	1.0	576	$1,050	$1.82	22d	1	0.46mi
1809 SW 3rd St Ocala, FL	2.0	1.0	600	$1,025	$1.71	14d	1	0.64mi
1911 NW 6th St Ocala, FL	3.0	1.0	877	$1,400	$1.60	14d	1	0.73mi
900 SE 3rd Ave Ocala, FL	2.0–3.0	2.0	1160	$2,325	$2.00	14d	4	0.90mi
715 NE 3rd St Ocala, FL	2.0	1.0	850	$1,475	$1.74	14d	1	0.92mi
708 SW 20th Ave Ocala, FL	2.0	1.0	700	$999	$1.43	22d	1	0.94mi
2006 SW 7th St Ocala, FL	2.0	1.0	700	$1,050	$1.50	22d	1	0.95mi
1908 NW 13th Pl Ocala, FL	3.0	1.0	1000	$1,325	$1.32	22d	1	1.03mi
815 E Fort King St Unit B-813 Ocala, FL	2.0	1.5	700	$1,199	$1.71	14d	1	1.03mi
815 E Fort King St Unit D-817 Ocala, FL	2.0	1.0	700	$1,299	$1.86	22d	1	1.03mi
2305 SW 2nd St Unit A Ocala, FL	2.0	1.0	676	$1,175	$1.74	22d	1	1.03mi
510 SE 11th St Unit 510-D Ocala, FL	2.0	1.0	925	$995	$1.08	14d	1	1.09mi
1030 E Fort King St Ocala, FL	1.0–2.0	1.0	612	$1,499	$2.45	14d	2	1.25mi
730 SE 13th St Ocala, FL	2.0	1.0	1000	$1,499	$1.50	22d	1	1.27mi
1220 SE 3rd St Ocala, FL	2.0	1.0	800	$1,550	$1.94	22d	1	1.41mi
1243 NE 6th Pl Ocala, FL	2.0	1.0	868	$1,650	$1.90	14d	1	1.49mi

Listing history 8 events

1. 2026-04-24
   status Pending
2. 2026-04-22
   listed $44,500 Active
3. 2018-10-04
   soldstatus $38,000 392-char remark

   Show marketing remark (392 chars)

   ALERT ALERT!. .INVESTORS. LOOKING TO INVEST? NOW IS THE TIME. Check out this CUTE & COMFY 2/1 HOME. 1 OWNER. JUST RIGHT FOR YOU. Convert EXTRA SPACE INTO BEDROOM, DEN OR OFFICE. NEAR DOWNTOWN. OPEN DINING & LIVING ROOM AREA. .ADORABLE KITCHEN. CLOSE TO MAJOR RETAIL STORES & POPULAR EATERIES. OWNER UPGRADED PLUMBING & ELECTRICAL. HVAC REPLACED 006. MOTIVATED TO SELL.

4. 2018-09-01
   historical
5. 2018-03-20
   listed $40,000 392-char remark

   Show marketing remark (392 chars)

   ALERT ALERT!. .INVESTORS. LOOKING TO INVEST? NOW IS THE TIME. Check out this CUTE & COMFY 2/1 HOME. 1 OWNER. JUST RIGHT FOR YOU. Convert EXTRA SPACE INTO BEDROOM, DEN OR OFFICE. NEAR DOWNTOWN. OPEN DINING & LIVING ROOM AREA. .ADORABLE KITCHEN. CLOSE TO MAJOR RETAIL STORES & POPULAR EATERIES. OWNER UPGRADED PLUMBING & ELECTRICAL. HVAC REPLACED 006. MOTIVATED TO SELL.

6. 2018-03-20
   listed $49,999

   Show marketing remark (392 chars)

   ALERT ALERT!. .INVESTORS. LOOKING TO INVEST? NOW IS THE TIME. Check out this CUTE & COMFY 2/1 HOME. 1 OWNER. JUST RIGHT FOR YOU. Convert EXTRA SPACE INTO BEDROOM, DEN OR OFFICE. NEAR DOWNTOWN. OPEN DINING & LIVING ROOM AREA. .ADORABLE KITCHEN. CLOSE TO MAJOR RETAIL STORES & POPULAR EATERIES. OWNER UPGRADED PLUMBING & ELECTRICAL. HVAC REPLACED 006. MOTIVATED TO SELL.

7. 2018-03-20
   historical

   Show marketing remark (392 chars)

   ALERT ALERT!. .INVESTORS. LOOKING TO INVEST? NOW IS THE TIME. Check out this CUTE & COMFY 2/1 HOME. 1 OWNER. JUST RIGHT FOR YOU. Convert EXTRA SPACE INTO BEDROOM, DEN OR OFFICE. NEAR DOWNTOWN. OPEN DINING & LIVING ROOM AREA. .ADORABLE KITCHEN. CLOSE TO MAJOR RETAIL STORES & POPULAR EATERIES. OWNER UPGRADED PLUMBING & ELECTRICAL. HVAC REPLACED 006. MOTIVATED TO SELL.

8. 2018-02-19
   listed $55,000

ⓘ 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: $607 · $51/mo
• Projected year-2 tax: $607 · $51/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 1/10 Low
• 🌡 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,255
• − Mortgage interest: −$2,493
• − Property taxes: −$607
• − Insurance: −$222
• − Repairs & maintenance: −$1,380
• − Management: −$1,380
• − Depreciation: −$1,295
• Taxable income: $9,878
• Est. tax owed @ 24.0%: −$2,371
• After-tax cash flow: $7,631/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): 14,301
• Household income: $30,174
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 923.0

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 0.68)
• Race & ethnicity: Black 44% White 30% Hispanic / Latino 19% Two or more races 11%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 3%
• Common ancestry: Serbian 2% Hispanic 1% Lithuanian 1%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 13% French/Haitian/Cajun 2%

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: ▼ -22.26%
• Current HPI: 254.6319
• Rent YoY: —
• 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

-19.1% since first listed

8 events — show timeline

• 2026-04-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Listed $44,500 Stellar MLS as Distributed by MLS Grid
• 2018-10-04 Sold (MLS) $38,000 Stellar MLS as Distributed by MLS Grid
• 2018-09-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-03-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-03-20 Listed $49,999 Stellar MLS as Distributed by MLS Grid
• 2018-03-20 Listed $40,000 Stellar MLS as Distributed by MLS Grid
• 2018-02-19 Listed $55,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.7%/yr

Latest (2025): $607 · +2.8% YoY. Source: county tax records.