13460 SW 111th Ln · On Top of the World, FL 34432

$243,000

4 bd · 2.0 ba · 2,334 sqft · SingleFamily public records · 43 Days on market

Built 2007 0.43 ac lot ↓ 31% since listing

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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 +22.6/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +6.5/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turn-Key Ready to Move in Home! Home featured: 2,334 living sqft, total 2,916 sqft, 4 rooms, 2 baths, 2 car garage . 43 acres corner land with well, built-in 2007. Freshly painted interior and exterior. Extra-large family room, living room, dining room, formal dining, all new flooring such as carpet, tile, and epoxy. Inside laundry with tile floor, pantry, hallway closet, ceiling fans, coat closet, side door within the garage. Master bathroom: vanity, closet inside master bathroom, shower/tub, extra-large walk-in closet. Guest bathroom with tile floor and shower/tub. Partial gutter and open patio and lots of yard space. House is located minutes to several amenities, HWY-CR484 and HWY200. Home awaits you!

Key facts

• 0.43 acre lot
• 2 garage spots
• Built 2007

Property features AI

Finance

• Other: Property zoned R1; Property type: Residential — Single Family Residence
• HOA & community: No HOA/association indicated

Exterior

• Parking: Attached garage (2 spaces)
• Utilities: Well water; Septic sewer; Electricity available
• Home design: Single-family residence; One-story; Faces southwest
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built as residential single-family
• Exterior features: Dirt road access; Lot dimensions approximately 150 x 125; Lot about 0.43 acres

Interior

• Kitchen: No appliances listed
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $243k.

Deal economics

• At list price, monthly cash flow is $415 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $243k).
• Recommended offer: $236k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 2.9% in On Top of the World — 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: area grade C — 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.
• Market conditions: 550 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 43 days — a 3% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 19y ago; this cycle's ask has dropped $26k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $235,710 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.15% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.32%
• DSCR: 1.33
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $639,516
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
13700 SW 108th Ln	0.39mi	3/3.0 (-1)	2,408 (+3%)	13mo	$660,000	$274	57
13795 SW 113th Pl	0.37mi	3/2.0 (-1)	2,029 (-13%)	13mo	$275,000	$136	45

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

Projected returns pro-forma

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

5-year hold

• IRR: -5.1%
• Equity multiple: 0.81×
• Total profit: $-12,826
• Equity at exit: $36,232

10-year hold

• IRR: 4.7%
• Equity multiple: 1.34×
• Total profit: $23,338
• Equity at exit: $21,010

Cash invested: $68,040 (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 34432

• Home prices YoY: -21.5%
• Active inventory: 550
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,800 medium
• Mortgage (P&I): −$1,274
• Tax from tax record: −$421 /mo · $5,056/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $415

Break-even live

Break-even rent $2,275

Max offer price $243,000

Occupancy floor 80%

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: $60,750
• Closing costs: $7,290
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11435 SW 140th Ave Dunnellon, FL	5.0	3.0	2526	$2,800	$1.11	13d	1	0.61mi

Listing history 25 events

1. 2026-05-12
   status Pending
2. 2026-05-08
   price $243,000
3. 2026-04-27
   status Active
4. 2026-03-10
   status Pending
5. 2026-02-10
   listed $269,000 Active
6. 2023-03-07
   historical
7. 2023-02-06
   price $315,000
8. 2022-12-29
   price $330,000
9. 2022-12-01
   price $350,000
10. 2022-11-11
    listed $355,000 Active
11. 2021-06-09
    soldstatus $299,000
12. 2021-06-08
    soldstatus $299,000 Closed 713-char remark

    Show marketing remark (713 chars)

    Turn-Key Ready to Move in Home! Home featured: 2,334 living sqft, total 2,916 sqft, 4 rooms, 2 baths, 2 car garage . 43 acres corner land with well, built-in 2007. Freshly painted interior and exterior. Extra-large family room, living room, dining room, formal dining, all new flooring such as carpet, tile, and epoxy. Inside laundry with tile floor, pantry, hallway closet, ceiling fans, coat closet, side door within the garage. Master bathroom: vanity, closet inside master bathroom, shower/tub, extra-large walk-in closet. Guest bathroom with tile floor and shower/tub. Partial gutter and open patio and lots of yard space. House is located minutes to several amenities, HWY-CR484 and HWY200. Home awaits you!

13. 2021-04-20
    status Pending 713-char remark

    Show marketing remark (713 chars)

    Turn-Key Ready to Move in Home! Home featured: 2,334 living sqft, total 2,916 sqft, 4 rooms, 2 baths, 2 car garage . 43 acres corner land with well, built-in 2007. Freshly painted interior and exterior. Extra-large family room, living room, dining room, formal dining, all new flooring such as carpet, tile, and epoxy. Inside laundry with tile floor, pantry, hallway closet, ceiling fans, coat closet, side door within the garage. Master bathroom: vanity, closet inside master bathroom, shower/tub, extra-large walk-in closet. Guest bathroom with tile floor and shower/tub. Partial gutter and open patio and lots of yard space. House is located minutes to several amenities, HWY-CR484 and HWY200. Home awaits you!

14. 2021-04-15
    listed $294,500 Active 713-char remark

    Show marketing remark (713 chars)

    Turn-Key Ready to Move in Home! Home featured: 2,334 living sqft, total 2,916 sqft, 4 rooms, 2 baths, 2 car garage . 43 acres corner land with well, built-in 2007. Freshly painted interior and exterior. Extra-large family room, living room, dining room, formal dining, all new flooring such as carpet, tile, and epoxy. Inside laundry with tile floor, pantry, hallway closet, ceiling fans, coat closet, side door within the garage. Master bathroom: vanity, closet inside master bathroom, shower/tub, extra-large walk-in closet. Guest bathroom with tile floor and shower/tub. Partial gutter and open patio and lots of yard space. House is located minutes to several amenities, HWY-CR484 and HWY200. Home awaits you!

15. 2020-06-16
    historical
16. 2019-08-16
    listed $209,000
17. 2012-08-14
    soldstatus $72,500
18. 2012-08-14
    soldstatus $70,000
19. 2008-04-08
    historical
20. 2007-11-15
    listed $145,000
21. 2007-10-08
    listed $209,900
22. 2007-10-08
    historical
23. 2007-03-20
    historical
24. 2007-03-12
    listed $239,900
25. 2007-02-20
    listed $350,000

ⓘ 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: $5,056 · $421/mo
• Projected year-2 tax: $5,056 · $421/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 ≥107°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 · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,600
• − Mortgage interest: −$13,612
• − Property taxes: −$5,056
• − Insurance: −$1,215
• − Repairs & maintenance: −$2,688
• − Management: −$2,688
• − Depreciation: −$7,069
• Taxable income: $1,272
• Est. tax owed @ 24.0%: −$305
• After-tax cash flow: $4,676/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 — On Top of the World

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

Census & demographics

• City population: 25,668
• Population (ZIP): 13,197

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: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 16% Two or more races 11% Black 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 7% Cuban 2%
• Common ancestry: Romanian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 8% · Canada
• Languages at home: 90% English-only · Spanish 9% 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: ▼ -57.34%
• Current HPI: 209.595
• Rent YoY: —
• Metro: —
• 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

-30.6% since first listed

25 events — show timeline

• 2026-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Price Changed $243,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-10 Listed $269,000 Stellar MLS as Distributed by MLS Grid
• 2023-03-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-02-06 Price Changed $315,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-29 Price Changed $330,000 Stellar MLS as Distributed by MLS Grid
• 2022-12-01 Price Changed $350,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-11 Listed $355,000 Stellar MLS as Distributed by MLS Grid
• 2021-06-09 Sold (Public Records) $299,000 Public Records
• 2021-06-08 Sold (MLS) $299,000 Stellar MLS as Distributed by MLS Grid
• 2021-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-04-15 Listed $294,500 Stellar MLS as Distributed by MLS Grid
• 2020-06-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2019-08-16 Listed $209,000 Stellar MLS as Distributed by MLS Grid
• 2012-08-14 Sold (Public Records) $70,000 Public Records
• 2012-08-14 Sold (MLS) $72,500 Stellar MLS as Distributed by MLS Grid
• 2008-04-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-11-15 Listed $145,000 Stellar MLS as Distributed by MLS Grid
• 2007-10-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-10-08 Listed $209,900 Stellar MLS as Distributed by MLS Grid
• 2007-03-20 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-03-12 Listed $239,900 Stellar MLS as Distributed by MLS Grid
• 2007-02-20 Listed $350,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.8%/yr

Latest (2025): $5,056 · +6.1% YoY. Source: county tax records.