481 Emerald Dr · Silver Springs Shores, FL 34472

$225,000

3 bd · 2.0 ba · 1,767 sqft · SingleFamily · 13 Days on market

Built 1977 9,583 sqft lot Est $168k · 34% over

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Why this score? — see what drove the F 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 +8.5/30.0
• Appreciation +8.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• ARV discount +0.0/15.0

Listing remarks

This charming home features new flooring, updated cabinets, and a newer roof (2023), giving you comfort and value from day one. Seller is eager to sell—don’t miss your chance to call this one home!

Key facts

• 9,583 sq ft lot
• Parking
• Built 1977

Property features AI

Finance

• Financial info: Offered for sale

Exterior

• Parking: Carport (1 space)
• Home design: Single-story home
• Exterior features: Paved road access; 0.22-acre lot

Interior

• Kitchen: Microwave; Refrigerator; Stove
• Bedrooms: Bedroom 2 (11 x 11); Bedroom 3 (11 x 11)
• Bathrooms: 2 full bathrooms
• Interior features: No special interior features listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-198 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $196k (12.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (23.7% below list).
• Recommended offer: $172k (23.7% below list) — sets the bar for 1% rule.

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; 682 active listings in the ZIP; 14 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 32% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $15k of equity ($2k loan paydown + $13k 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 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

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 $171,774 (23.7% 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. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.76% ✗
• Cap rate: 5.24%
• Cash-on-cash: -3.77%
• DSCR: 0.83
• GRM: 10.9

CMA / ARV

• ARV (on-the-fly): $167,865
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2 Brook Rd	0.04mi	3/2.0	1,758 (-0%)	11mo	$132,500	$75	88
7 Emerald Way	0.55mi	3/2.0	1,680 (-5%)	14mo	$160,000	$95	54
26 Sapphire Run	0.72mi	3/2.5	1,878 (+6%)	6mo	$135,000	$72	49
3 Bahia Court Trce	0.52mi	3/2.0	1,506 (-15%)	14mo	$285,000	$189	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 11.1%
• Equity multiple: 1.74×
• Total profit: $46,726
• Equity at exit: $140,486

10-year hold

• IRR: 11.3%
• Equity multiple: 3.21×
• Total profit: $139,005
• Equity at exit: $253,942

Cash invested: $63,000 (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: 682
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $1,718 high
• Mortgage (P&I): −$1,180
• Tax est. 1.5%: −$281 /mo · $3,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $-198

Break-even live

Break-even rent $1,968

Max offer price $196,362

Occupancy floor —

Sensitivity live

Price	-10% $-42	-5% $-120	+0% $-198	+5% $-276	+10% $-353
Rent	-10% $-334	-5% $-266	+0% $-198	+5% $-130	+10% $-62
Rate	-1.0pp $-85	-0.5pp $-141	base $-198	+0.5pp $-256	+1.0pp $-316

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
60 Bahia Court Trak Ocala, FL	3.0	2.0	1413	$1,695	$1.20	22d	1	0.65mi
478 Water Pl Ocala, FL	3.0	2.0	1228	$1,650	$1.34	22d	1	0.72mi
27 Sapphire Run Ocala, FL	3.0	2.0	1255	$1,500	$1.20	22d	1	0.72mi
9337 Bahia Rd Ocala, FL	3.0	2.0	1402	$1,765	$1.26	15d	1	0.74mi
455 Water Rd Ocala, FL	3.0	2.0	1275	$1,450	$1.14	15d	1	0.81mi
708 Bahia Cir Ocala, FL	3.0	2.0	1352	$1,500	$1.11	22d	1	0.86mi
446 Water Rd Ocala, FL	3.0	2.0	1248	$1,425	$1.14	22d	1	0.88mi
226 Oak Cir Ocala, FL	3.0	2.0	1406	$1,675	$1.19	15d	1	0.95mi
619 Silver Pass Ocala, FL	3.0	2.0	1510	$1,495	$0.99	22d	1	0.99mi
582 Fairways Cir Unit A Ocala, FL	2.0	2.0	1304	$1,500	$1.15	22d	1	1.18mi
553 Fairways Cir Unit B Ocala, FL	2.0	2.0	1304	$1,700	$1.30	15d	1	1.19mi
9610 Bahia Rd Ocala, FL	4.0	2.0	1617	$1,895	$1.17	22d	1	1.20mi
13 Pine Radial Dr Ocala, FL	3.0	2.0	1453	$1,795	$1.24	22d	1	1.45mi
9649 Bahia Rd Ocala, FL	3.0	2.0	1282	$1,595	$1.24	22d	1	1.49mi

Listing history 11 events

1. 2026-06-21
   days on market $225,000 Active 13 DOM
2. 2026-06-18
   pricedays on market $225,000 Active 10 DOM
3. 2026-06-17
   days on market $230,000 Active 9 DOM
4. 2026-06-16
   days on market $230,000 Active 8 DOM
5. 2026-06-15
   days on market $230,000 Active 7 DOM
6. 2026-06-14
   days on market $230,000 Active 5 DOM
7. 2026-06-13
   remarks 197-char remark
8. 2026-06-13
   days on market $230,000 Active 4 DOM
9. 2026-06-10
   days on market $230,000 Active 2 DOM
10. 2026-06-09
    remarks 125-char remark
11. 2026-06-09
    listed $230,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 9/10 Extreme 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,613
• − Mortgage interest: −$12,603
• − Property taxes: −$3,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,649
• − Management: −$1,649
• − Depreciation: −$6,545
• Taxable loss: −$6,334
• Est. tax savings @ 24.0%: +$1,520
• After-tax cash flow: $-855/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

1 event — show timeline

• 2026-06-01 Listed $230,000 CATRS