8821 SE 89th Pl · Silver Springs Shores, FL 34472

$148,999

2 bd · 1.0 ba · 904 sqft · SingleFamily public records · 72 Days on market

Built 1983 8,712 sqft lot $165/sqft · 15% below area Est $175k · 15% under

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Why this score? — see what drove the C 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 +15.7/30.0
• ARV discount +14.1/15.0
• Appreciation +8.0/10.0
• DSCR +4.8/10.0
• 1% rule +4.4/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Here is the kind of opportunity that gets smart investors paying attention. Welcome to 8821 SE 89th Place, Ocala, FL 34472, a single-family residence that offers more than just ownership potential. This property is already leased with long-standing tenants in place, making it a compelling option for anyone looking to secure an income-producing asset with built-in momentum and consistent profitability. In a market where timing matters and stability matters even more, this home delivers a serious advantage. Instead of stepping into the usual cycle of preparing a property, marketing it for rent, screening applicants, and waiting for income to begin, this opportunity puts the next owner in position to acquire a property that is already doing what investors want it to do. It is occupied, established, and already contributing to a performance-minded strategy. That is exactly what makes this property such a standout. Long-standing tenants often represent a level of continuity that many investors actively seek. It can mean less disruption, less uncertainty, and a stronger sense of confidence in the day-to-day value of the asset. For buyers focused on practical returns and long-term portfolio growth, this kind of setup is hard to ignore. Located in Ocala, a market that continues to draw attention for its affordability, growth, and strong rental demand, 8821 SE 89th Place sits in an area that makes sense for investors looking to strengthen their foothold in Florida real estate. Whether the plan is to expand a portfolio, step into a more passive investment opportunity, or secure a property with immediate rental appeal, this home brings a lot to the table without the extra drama. And in real estate, less drama is usually where the money is. Single-family residences remain a popular choice for investors because they often offer broad tenant appeal and steady demand. When that is paired with a home that is already leased and supported by long-standing tenancy, the result is an opportunity that feels more efficient, more strategic, and more attractive from day one. This is not a blank slate. This is an asset with a head start. For investors who appreciate properties that are already moving in the right direction, this home checks a lot of important boxes. It offers the chance to own a residence that is not just sitting still waiting for potential to arrive. It is already positioned as a working part of an investment plan. That kind of immediate relevance matters, especially in a market where quality income-producing opportunities can get scooped up quickly. 8821 SE 89th Place is a great find for any investor that wants to pick up an opportunity to own a home that is already leased with long-standing tenants that contributes to its consistent profitability. It is the kind of property that can help reduce the downtime, stress, and guesswork that often come with bringing a rental online. The value here is not just in the structure itself, but in the stability and continuity that come with it. For buyers looking to make a smart move in Ocala, this property stands out as a practical and potentially rewarding addition to an investment portfolio. Already leased. Long-standing tenants. Consistent profitability appeal. That is a combination worth noticing. Some opportunities whisper instead of shout, but the smart money still hears them.

Key facts

• 8,712 sq ft lot
• Garage
• Built 1983

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $65 ($779/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $141k (5.7% below list).
• Recommended offer: $140k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.8% vs local median 4.7% in Silver Springs Shores — 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 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; 11 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).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.9% appreciation + 0.2% rent growth), your $42k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $24k; list at $149k implies a 508% 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→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,059 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 0.94% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.87%
• DSCR: 1.08
• GRM: 8.8

CMA / ARV

• ARV (median comp): $174,529
• List price: $148,999
• Delta: -14.63%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9021 SE 79th Avenue Rd	0.10mi	2/1.0	900 (-0%)	14mo	$165,000	$183	82
8856 SE 87th Ter	0.15mi	2/1.0	912 (+1%)	23mo	$149,000	$163	73
9 Oak Court Pass	0.64mi	3/2.0 (+1)	888 (-2%)	21mo	$205,000	$231	41

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: 15.5%
• Equity multiple: 2.02×
• Total profit: $42,698
• Equity at exit: $93,033

10-year hold

• IRR: 14.6%
• Equity multiple: 3.77×
• Total profit: $115,541
• Equity at exit: $168,165

Cash invested: $41,720 (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: 8.8×

Monthly cashflow live

• Estimated rent: $1,406 high
• Mortgage (P&I): −$781
• Tax from tax record: −$202 /mo · $2,423/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $65

Break-even live

Break-even rent $1,323

Max offer price $148,999

Occupancy floor 90%

Sensitivity live

Price	-10% $149	-5% $107	+0% $65	+5% $23	+10% $-19
Rent	-10% $-46	-5% $9	+0% $65	+5% $120	+10% $176
Rate	-1.0pp $140	-0.5pp $103	base $65	+0.5pp $26	+1.0pp $-13

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2 Ash Dr Ocala, FL	3.0	2.0	1083	$1,750	$1.62	15d	1	0.59mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	15d	1	0.74mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	22d	1	0.84mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	22d	1	0.89mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	22d	1	0.93mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	22d	1	1.27mi
310 Oak Lane Pass Ocala, FL	2.0	2.0	988	$1,325	$1.34	22d	1	1.28mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	22d	1	1.39mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	22d	1	1.41mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	22d	1	1.46mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	15d	1	1.46mi

Listing history 20 events

1. 2026-06-21
   pricedays on market $148,999 Active 72 DOM
2. 2026-06-18
   days on market $149,000 Active 69 DOM
3. 2026-06-17
   days on market $149,000 Active 68 DOM
4. 2026-06-16
   days on market $149,000 Active 67 DOM
5. 2026-06-15
   days on market $149,000 Active 66 DOM
6. 2026-06-14
   days on market $149,000 Active 64 DOM
7. 2026-06-13
   days on market $149,000 Active 63 DOM
8. 2026-06-10
   days on market $149,000 Active 61 DOM
9. 2026-06-09
   days on market $149,000 Active 60 DOM
10. 2026-06-08
    days on market $149,000 Active 59 DOM
11. 2026-06-07
    pricedays on market $149,000 Active 58 DOM
12. 2026-06-03
    days on market $169,000 Active 54 DOM
13. 2026-06-02
    days on market $169,000 Active 53 DOM
14. 2026-06-01
    days on market $169,000 Active 52 DOM
15. 2026-05-31
    days on market $169,000 Active 51 DOM
16. 2026-05-30
    days on market $169,000 Active 50 DOM
17. 2026-04-25
    price $169,000 3375-char remark

    Show marketing remark (3375 chars)

    Here is the kind of opportunity that gets smart investors paying attention. Welcome to 8821 SE 89th Place, Ocala, FL 34472, a single-family residence that offers more than just ownership potential. This property is already leased with long-standing tenants in place, making it a compelling option for anyone looking to secure an income-producing asset with built-in momentum and consistent profitability. In a market where timing matters and stability matters even more, this home delivers a serious advantage. Instead of stepping into the usual cycle of preparing a property, marketing it for rent, screening applicants, and waiting for income to begin, this opportunity puts the next owner in position to acquire a property that is already doing what investors want it to do. It is occupied, established, and already contributing to a performance-minded strategy. That is exactly what makes this property such a standout. Long-standing tenants often represent a level of continuity that many investors actively seek. It can mean less disruption, less uncertainty, and a stronger sense of confidence in the day-to-day value of the asset. For buyers focused on practical returns and long-term portfolio growth, this kind of setup is hard to ignore. Located in Ocala, a market that continues to draw attention for its affordability, growth, and strong rental demand, 8821 SE 89th Place sits in an area that makes sense for investors looking to strengthen their foothold in Florida real estate. Whether the plan is to expand a portfolio, step into a more passive investment opportunity, or secure a property with immediate rental appeal, this home brings a lot to the table without the extra drama. And in real estate, less drama is usually where the money is. Single-family residences remain a popular choice for investors because they often offer broad tenant appeal and steady demand. When that is paired with a home that is already leased and supported by long-standing tenancy, the result is an opportunity that feels more efficient, more strategic, and more attractive from day one. This is not a blank slate. This is an asset with a head start. For investors who appreciate properties that are already moving in the right direction, this home checks a lot of important boxes. It offers the chance to own a residence that is not just sitting still waiting for potential to arrive. It is already positioned as a working part of an investment plan. That kind of immediate relevance matters, especially in a market where quality income-producing opportunities can get scooped up quickly. 8821 SE 89th Place is a great find for any investor that wants to pick up an opportunity to own a home that is already leased with long-standing tenants that contributes to its consistent profitability. It is the kind of property that can help reduce the downtime, stress, and guesswork that often come with bringing a rental online. The value here is not just in the structure itself, but in the stability and continuity that come with it. For buyers looking to make a smart move in Ocala, this property stands out as a practical and potentially rewarding addition to an investment portfolio. Already leased. Long-standing tenants. Consistent profitability appeal. That is a combination worth noticing. Some opportunities whisper instead of shout, but the smart money still hears them.

18. 2026-04-10
    listed $189,000 Active 3375-char remark

    Show marketing remark (3375 chars)

    Here is the kind of opportunity that gets smart investors paying attention. Welcome to 8821 SE 89th Place, Ocala, FL 34472, a single-family residence that offers more than just ownership potential. This property is already leased with long-standing tenants in place, making it a compelling option for anyone looking to secure an income-producing asset with built-in momentum and consistent profitability. In a market where timing matters and stability matters even more, this home delivers a serious advantage. Instead of stepping into the usual cycle of preparing a property, marketing it for rent, screening applicants, and waiting for income to begin, this opportunity puts the next owner in position to acquire a property that is already doing what investors want it to do. It is occupied, established, and already contributing to a performance-minded strategy. That is exactly what makes this property such a standout. Long-standing tenants often represent a level of continuity that many investors actively seek. It can mean less disruption, less uncertainty, and a stronger sense of confidence in the day-to-day value of the asset. For buyers focused on practical returns and long-term portfolio growth, this kind of setup is hard to ignore. Located in Ocala, a market that continues to draw attention for its affordability, growth, and strong rental demand, 8821 SE 89th Place sits in an area that makes sense for investors looking to strengthen their foothold in Florida real estate. Whether the plan is to expand a portfolio, step into a more passive investment opportunity, or secure a property with immediate rental appeal, this home brings a lot to the table without the extra drama. And in real estate, less drama is usually where the money is. Single-family residences remain a popular choice for investors because they often offer broad tenant appeal and steady demand. When that is paired with a home that is already leased and supported by long-standing tenancy, the result is an opportunity that feels more efficient, more strategic, and more attractive from day one. This is not a blank slate. This is an asset with a head start. For investors who appreciate properties that are already moving in the right direction, this home checks a lot of important boxes. It offers the chance to own a residence that is not just sitting still waiting for potential to arrive. It is already positioned as a working part of an investment plan. That kind of immediate relevance matters, especially in a market where quality income-producing opportunities can get scooped up quickly. 8821 SE 89th Place is a great find for any investor that wants to pick up an opportunity to own a home that is already leased with long-standing tenants that contributes to its consistent profitability. It is the kind of property that can help reduce the downtime, stress, and guesswork that often come with bringing a rental online. The value here is not just in the structure itself, but in the stability and continuity that come with it. For buyers looking to make a smart move in Ocala, this property stands out as a practical and potentially rewarding addition to an investment portfolio. Already leased. Long-standing tenants. Consistent profitability appeal. That is a combination worth noticing. Some opportunities whisper instead of shout, but the smart money still hears them.

19. 1993-08-25
    soldstatus $24,500
20. 1992-03-01
    soldstatus $45,600

ⓘ 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: $2,423 · $202/mo
• Projected year-2 tax: $2,423 · $202/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 9/10 Extreme 7 d/yr ≥108°F today · 23 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: $16,866
• − Mortgage interest: −$8,346
• − Property taxes: −$2,423
• − Insurance: −$745
• − Repairs & maintenance: −$1,349
• − Management: −$1,349
• − Depreciation: −$4,335
• Taxable loss: −$1,682
• Est. tax savings @ 24.0%: +$404
• After-tax cash flow: $1,183/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

+270.6% since first listed

4 events — show timeline

• 2026-04-25 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-10 Listed $189,000 Stellar MLS as Distributed by MLS Grid
• 1993-08-25 Sold (Public Records) $24,500 Public Records
• 1992-03-01 Sold (Public Records) $45,600 Public Records

Property tax history

+9.6%/yr

Latest (2025): $2,423 · +21.1% YoY. Source: county tax records.