15699 SW 27th Avenue Rd · Marion Oaks, FL 34473

$288,000

4 bd · 2.0 ba · 1,833 sqft · Land · 174 Days on market

Built 2025 0.34 ac lot

---

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 +11.6/30.0
• ARV discount +7.5/15.0
• Schools +3.6/10.0
• DSCR +3.4/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• 1% rule +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. Own for less than rent plus $2,000 closing cost incentive! Welcome to this stunning new four-bedroom, two-bath home in the growing and peaceful area of Ocala, ideal for first-time buyers or anyone ready to stop renting and start owning. This home features a spacious open-concept layout with modern finishes and inviting living areas, ideal for everyday living and entertaining. The bright kitchen offers style and functionality, while the split floor plan provides added privacy with a generous primary suite. Enjoy the comfort of new construction with low maintenance and a layout designed for today’s lifestyle. The spacious backyard offers plenty of

Key facts

• Open-concept design
• Master suite
• Bright kitchen

Tags

• OPEN-CONCEPT DESIGN
• MODERN FINISHES
• SPLIT FLOOR PLAN
• MASTER SUITE
• BRIGHT KITCHEN
• MOVE-IN READY HOME

Property features AI

Finance

• Other: Property type: Residential (Single Family Residence); Zoning: R1; Living area about 1,833 sq ft (builder measurement); Building area total about 2,359 sq ft; Universal property ID available

Exterior

• Parking: Driveway; 2-car garage with garage door opener; Attached garage
• Utilities: Public water available; Septic sewer; Electricity available; Cable available
• Home design: Single family residence; One story; Faces southwest; New construction; Completed condition
• Construction: Stucco construction; Shingle roof; Slab foundation; Built by Martins Development LLC (Model 1833); Lot about 0.34 acre
• Exterior features: Sliding doors; Paved road access

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Tile; Vinyl
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Eat-in kitchen; Kitchen/family room combo; Open floorplan; Solid wood cabinets
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $288k.

Deal economics

• At list price, monthly cash flow is $-91 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $272k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $206k (28.6% below list).
• Recommended offer: $206k (28.6% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.8% in Marion Oaks — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads: area grade D — 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: Sunrise Elementary School (math 43% / reading 34%, grade F, #1,575 of 2,144 statewide, top 74%, 1,017 students, 73% FRL); Horizon Academy At Marion Oaks (math 37% / reading 36%, grade F, #405 of 571 statewide, top 72%, 1,067 students, 68% FRL); Dunnellon High School (math 30% / reading 32%, grade F, #429 of 667 statewide, top 65%, 1,350 students, 63% FRL).
• Market conditions: Rents soft (-0.7%/yr); 1376 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 34% of the median local income ($72k/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 $2k of loan paydown is wiped out by about $9k 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 174 days — a 12% lower offer ($253k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $17k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $288k implies a 3616% 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; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $205,589 (28.6% 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 174 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.71% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.36%
• DSCR: 0.94
• GRM: 11.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -21.5%
• Equity multiple: 0.27×
• Total profit: $-58,643
• Equity at exit: $42,942

10-year hold

• IRR: -22.9%
• Equity multiple: -0.02×
• Total profit: $-82,394
• Equity at exit: $24,901

Cash invested: $80,640 (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 34473

• Home prices YoY: -16.8%
• Rents YoY: -0.7%
• Active inventory: 1376
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,056 high
• Mortgage (P&I): −$1,510
• Tax from tax record: −$85 /mo · $1,021/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $-91

Break-even live

Break-even rent $2,171

Max offer price $271,880

Occupancy floor 99%

Sensitivity live

Price	-10% $72	-5% $-10	+0% $-91	+5% $-173	+10% $-254
Rent	-10% $-254	-5% $-172	+0% $-91	+5% $-10	+10% $71
Rate	-1.0pp $54	-0.5pp $-18	base $-91	+0.5pp $-166	+1.0pp $-242

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: $72,000
• Closing costs: $8,640
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2673 SW 156th Pl Ocala, FL	4.0	2.0	1850	$1,950	$1.05	15d	1	0.04mi
2725 SW 158th St Ocala, FL	4.0	2.0	1580	$2,000	$1.27	15d	1	0.08mi
2240 SW 156th Loop Ocala, FL	3.0	2.0	1570	$1,600	$1.02	23d	1	0.16mi
2584 SW 154th Ln Ocala, FL	3.0	2.0	1251	$1,975	$1.58	23d	1	0.18mi
2500 SW 156th Lane Rd Ocala, FL	4.0	2.0	1850	$2,200	$1.19	23d	1	0.18mi
2705 SW 153rd Place Rd Ocala, FL	4.0	2.0	1580	$1,745	$1.10	23d	1	0.31mi
15434 SW 29th Terrace Rd Ocala, FL	3.0	2.0	1399	$1,780	$1.27	15d	1	0.33mi
405 Marion Oaks Ln Ocala, FL	4.0	2.0	1578	$1,700	$1.08	15d	1	0.36mi
405 Marion Oaks Ln Ocala, FL	4.0	2.0	1578	$1,699	$1.08	23d	1	0.36mi
15701 SW 23rd Court Rd Ocala, FL	4.0	2.0	1630	$1,900	$1.17	23d	1	0.38mi
16015 SW 29th Court Rd Unit 2 Ocala, FL	3.0	2.0	1321	$1,450	$1.10	23d	1	0.41mi
2603 SW 152nd Ln Ocala, FL	3.0	1.5	1402	$1,550	$1.11	15d	1	0.46mi
15741 SW 23rd Avenue Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	15d	1	0.47mi
15761 SW 23rd Avenue Rd Ocala, FL	3.0	2.0	1229	$2,000	$1.63	23d	1	0.51mi
15353 SW 21st Ct Ocala, FL	4.0	2.0	1696	$2,200	$1.30	15d	1	0.55mi
2161 SW 153rd Loop Ocala, FL	4.0	2.0	1578	$2,000	$1.27	23d	1	0.56mi
2670 162nd Ln Unit 2670 Ocala, FL	4.0	2.0	1730	$2,000	$1.16	23d	1	0.59mi
2711 SW 162nd Ln Ocala, FL	4.0	2.0	1786	$2,150	$1.20	15d	1	0.60mi
16252 SW 27th Terrace Rd Ocala, FL	4.0	2.0	1850	$2,200	$1.19	15d	1	0.63mi
2211 SW 153rd Place Rd Ocala, FL	4.0	2.0	1730	$2,000	$1.16	23d	1	0.64mi
16008 SW 23rd Court Rd Ocala, FL	3.0	2.0	1755	$2,400	$1.37	23d	1	0.64mi
2836 SW 161st Loop Ocala, FL	3.0	2.0	1357	$1,675	$1.23	15d	1	0.66mi
2660 SW 162nd Street Rd Ocala, FL	4.0	2.0	1765	$1,999	$1.13	23d	1	0.67mi
15831 SW 34th Court Rd Ocala, FL	3.0	2.0	1402	$1,715	$1.22	15d	1	0.68mi
15415 SW 34th Ave Ocala, FL	3.0	2.0	1650	$1,895	$1.15	23d	1	0.71mi
16292 SW 30th Ter Ocala, FL	3.0	2.0	1482	$1,650	$1.11	23d	1	0.71mi
16200 SW 21st Ct Ocala, FL	4.0	2.0	1578	$1,800	$1.14	23d	1	0.78mi
16124 SW 23rd Court Rd Ocala, FL	3.0	2.0	1357	$1,715	$1.26	15d	1	0.81mi
16100 SW 35th Court Rd Ocala, FL	4.0	2.0	1578	$1,750	$1.11	15d	1	0.85mi
529 Marion Oaks Ln Ocala, FL	4.0	2.0	1883	$2,200	$1.17	15d	1	0.86mi
16090 SW 35th Court Rd Ocala, FL	4.0	2.0	1799	$1,950	$1.08	15d	1	0.87mi
2598 SW 147th Pl Ocala, FL	3.0	2.0	1442	$1,750	$1.21	15d	1	0.91mi
2600 SW 146th Place Rd Ocala, FL	4.0	3.0	1896	$2,100	$1.11	15d	1	0.97mi
3500 SW 150th Lane Rd Ocala, FL	3.0	2.0	1789	$1,750	$0.98	15d	1	0.99mi
16619 SW 31st Cir Ocala, FL	3.0	2.0	1536	$1,900	$1.24	15d	1	1.02mi
1631 SW 160th Pl Ocala, FL	4.0	2.0	1617	$1,795	$1.11	15d	1	1.03mi
14693 SW 21st Ter Ocala, FL	3.0	2.0	1399	$1,675	$1.20	15d	1	1.08mi
16690 SW 29th Terrace Rd Ocala, FL	4.0	2.0	1617	$1,725	$1.07	23d	1	1.09mi
16390 SW 17th Terrace Rd Ocala, FL	4.0	2.0	1578	$1,825	$1.16	15d	1	1.09mi
14587 SW 25th Ter Ocala, FL	4.0	2.0	1580	$1,750	$1.11	23d	1	1.11mi

Listing history 10 events

1. 2026-05-06
   status Pending
2. 2026-04-24
   status Active
3. 2026-04-23
   price $288,000
4. 2026-03-23
   status Active
5. 2026-03-03
   status Active
6. 2026-01-27
   price $298,000
7. 2025-12-26
   status Active
8. 2025-12-24
   price $302,000
9. 2025-10-29
   listed $304,900 Active
10. 2011-07-15
    soldstatus $7,750

ⓘ 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: $1,021 · $85/mo
• Projected year-2 tax: $2,390 · $199/mo
• Expected delta: +$1,369/yr (+$114/mo · 134.1%)

ⓘ 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 · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,671
• − Mortgage interest: −$16,132
• − Property taxes: −$1,021
• − Insurance: −$1,440
• − Repairs & maintenance: −$1,974
• − Management: −$1,974
• − Depreciation: −$8,378
• Taxable loss: −$6,249
• Est. tax savings @ 24.0%: +$1,500
• After-tax cash flow: $405/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 — Marion Oaks

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

Census & demographics

• Census place: Marion Oaks, FL
• County: Marion County · 315,796 people
• City population: 25,030
• Metro: Ocala, FL
• Population (ZIP): 26,813
• Household income: $72,366
• Rent vs Own: 21.5% rent · 78.5% own
• Severe rent burden: 228.0

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 0.69)
• Race & ethnicity: White 34% Black 33% Hispanic / Latino 29% Two or more races 19% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 17% Cuban 3%
• Common ancestry: Hispanic 3% Portuguese 2% Romanian 1%
• Foreign-born: 17% · Canada, Jamaica
• Languages at home: 67% English-only · Spanish 27% French/Haitian/Cajun 4% 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: ▼ -45.25%
• Current HPI: 224.3536
• Rent YoY: ▼ -0.67%
• 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

+3616.1% since first listed

10 events — show timeline

• 2026-05-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $288,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Price Changed $298,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-26 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-24 Price Changed $302,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-29 Listed $304,900 Stellar MLS as Distributed by MLS Grid
• 2011-07-15 Sold (Public Records) $7,750 Public Records

Property tax history

+19.6%/yr

Latest (2025): $1,021 · +176.7% YoY. Source: county tax records.