227 Hickory Crse · Silver Springs Shores, FL 34472

$274,900

4 bd · 2.0 ba · 1,827 sqft · SingleFamily public records · 127 Days on market

Built 2023 0.26 ac lot $150/sqft · 10% below area Est $306k · 10% under $50/mo HOA · 2% of rent ↓ 16% since listing

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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).

• ARV discount +12.1/15.0
• Cash flow +10.0/30.0
• Appreciation +8.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.2/10.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This beautiful DR Horton 2023 home offers 1,828 sq. ft. of modern living in the established, family-friendly community of Lake Diamond North. This 4-bedroom, 2-bath home features an open floor plan with a spacious kitchen boasting stainless steel appliances, granite countertops, a large pantry, and a breakfast bar that overlooks the living and dining areas—perfect for entertaining. The primary suite includes a walk-in closet and an en-suite bath with dual sinks, while three additional bedrooms share a well-appointed guest bathroom. Enjoy the covered rear porch, smart home panel, irrigation system, inside laundry room, and a 2-car garage, all with a low monthly HOA. Conveniently located just 2 miles from Walmart, Aldi, Publix, and local restaurants, and less than 10 minutes from Baseline Trailhead Park with walking, biking, and hiking trails, playground, and picnic pavilion—this home blends comfort, convenience, and lifestyle. Don’t miss the opportunity to own this move-in-ready home!

Key facts

• Open floor plan
• Spacious kitchen
• Large pantry

Tags

• OPEN FLOOR PLAN
• SPACIOUS KITCHEN
• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERTOPS
• LARGE PANTRY
• BREAKFAST BAR

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $275k.

Deal economics

• At list price, monthly cash flow is $-166 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $246k (10.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $224k (18.5% below list).
• Recommended offer: $224k (18.5% 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; 674 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 42% 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 $18k of equity ($2k loan paydown + $16k 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 ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 127 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $22k (7%) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $224,080 (18.5% 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 127 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.82% ✗
• Cap rate: 5.57%
• Cash-on-cash: -2.58%
• DSCR: 0.89
• GRM: 10.2

CMA / ARV

• ARV (median comp): $305,965
• List price: $274,900
• Delta: -10.15%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
342 Hickory Course Trl	0.27mi	4/2.0	1,828 (+0%)	14mo	$318,990	$175	76
80 Hickory Course Loop	0.21mi	3/2.0 (-1)	1,672 (-8%)	6mo	$250,000	$150	66
3 Fir Trl	0.75mi	3/2.0 (-1)	1,776 (-3%)	4mo	$359,000	$202	52
22 Hemlock Trl	0.71mi	3/2.0 (-1)	1,698 (-7%)	16mo	$289,000	$170	37
10 Bahia Trace Loop	0.64mi	3/2.0 (-1)	2,000 (+10%)	18mo	$360,000	$180	34
9 Fir Trail Pass	0.69mi	3/2.0 (-1)	1,594 (-13%)	12mo	$230,000	$144	32
19 Hemlock Run	0.68mi	4/3.0	1,990 (+9%)	22mo	$320,000	$161	31

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: 12.0%
• Equity multiple: 1.80×
• Total profit: $61,569
• Equity at exit: $171,643

10-year hold

• IRR: 12.0%
• Equity multiple: 3.32×
• Total profit: $178,551
• Equity at exit: $310,261

Cash invested: $76,972 (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: 674
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $2,241 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$330 /mo · $3,957/yr
• Insurance: −$115
• HOA: −$50
• Vacancy / Maint / Mgmt: −$471
• Net cashflow: $-166

Break-even live

Break-even rent $2,451

Max offer price $245,634

Occupancy floor —

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: $68,725
• Closing costs: $8,247
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5 Hickory Course Loop Ocala, FL	4.0	2.0	2319	$2,650	$1.14	13d	1	0.09mi
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	13d	1	0.29mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	13d	1	0.31mi
51 Hickory Course Trl Ocala, FL	4.0	2.0	2319	$2,300	$0.99	13d	1	0.34mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	21d	1	0.38mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	21d	1	0.48mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	21d	1	0.81mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	13d	1	1.02mi
705 Lake Diamond Ave Ocala, FL	4.0	2.0	2588	$1,800	$0.70	21d	1	1.08mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	21d	1	1.11mi
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	21d	1	1.43mi

HOA detail

• Monthly dues: $50 · $600/yr

Listing history 24 events

1. 2026-06-18
   days on market $274,900 Active 127 DOM
2. 2026-06-17
   days on market $274,900 Active 126 DOM
3. 2026-06-16
   days on market $274,900 Active 125 DOM
4. 2026-06-15
   days on market $274,900 Active 124 DOM
5. 2026-06-14
   days on market $274,900 Active 122 DOM
6. 2026-06-13
   days on market $274,900 Active 121 DOM
7. 2026-06-10
   days on market $274,900 Active 119 DOM
8. 2026-06-09
   days on market $274,900 Active 118 DOM
9. 2026-06-08
   days on market $274,900 Active 117 DOM
10. 2026-06-07
    days on market $274,900 Active 116 DOM
11. 2026-06-03
    days on market $274,900 Active 112 DOM
12. 2026-06-02
    days on market $274,900 Active 111 DOM
13. 2026-06-01
    days on market $274,900 Active 110 DOM
14. 2026-05-31
    days on market $274,900 Active 109 DOM
15. 2026-05-30
    days on market $274,900 Active 108 DOM
16. 2026-04-07
    price $274,900 1016-char remark

    Show marketing remark (1016 chars)

    This beautiful DR Horton 2023 home offers 1,828 sq. ft. of modern living in the established, family-friendly community of Lake Diamond North. This 4-bedroom, 2-bath home features an open floor plan with a spacious kitchen boasting stainless steel appliances, granite countertops, a large pantry, and a breakfast bar that overlooks the living and dining areas—perfect for entertaining. The primary suite includes a walk-in closet and an en-suite bath with dual sinks, while three additional bedrooms share a well-appointed guest bathroom. Enjoy the covered rear porch, smart home panel, irrigation system, inside laundry room, and a 2-car garage, all with a low monthly HOA. Conveniently located just 2 miles from Walmart, Aldi, Publix, and local restaurants, and less than 10 minutes from Baseline Trailhead Park with walking, biking, and hiking trails, playground, and picnic pavilion—this home blends comfort, convenience, and lifestyle. Don’t miss the opportunity to own this move-in-ready home!

17. 2026-03-24
    price $285,000 1016-char remark

    Show marketing remark (1016 chars)

    This beautiful DR Horton 2023 home offers 1,828 sq. ft. of modern living in the established, family-friendly community of Lake Diamond North. This 4-bedroom, 2-bath home features an open floor plan with a spacious kitchen boasting stainless steel appliances, granite countertops, a large pantry, and a breakfast bar that overlooks the living and dining areas—perfect for entertaining. The primary suite includes a walk-in closet and an en-suite bath with dual sinks, while three additional bedrooms share a well-appointed guest bathroom. Enjoy the covered rear porch, smart home panel, irrigation system, inside laundry room, and a 2-car garage, all with a low monthly HOA. Conveniently located just 2 miles from Walmart, Aldi, Publix, and local restaurants, and less than 10 minutes from Baseline Trailhead Park with walking, biking, and hiking trails, playground, and picnic pavilion—this home blends comfort, convenience, and lifestyle. Don’t miss the opportunity to own this move-in-ready home!

18. 2026-02-11
    listed $297,000 Active 1016-char remark

    Show marketing remark (1016 chars)

    This beautiful DR Horton 2023 home offers 1,828 sq. ft. of modern living in the established, family-friendly community of Lake Diamond North. This 4-bedroom, 2-bath home features an open floor plan with a spacious kitchen boasting stainless steel appliances, granite countertops, a large pantry, and a breakfast bar that overlooks the living and dining areas—perfect for entertaining. The primary suite includes a walk-in closet and an en-suite bath with dual sinks, while three additional bedrooms share a well-appointed guest bathroom. Enjoy the covered rear porch, smart home panel, irrigation system, inside laundry room, and a 2-car garage, all with a low monthly HOA. Conveniently located just 2 miles from Walmart, Aldi, Publix, and local restaurants, and less than 10 minutes from Baseline Trailhead Park with walking, biking, and hiking trails, playground, and picnic pavilion—this home blends comfort, convenience, and lifestyle. Don’t miss the opportunity to own this move-in-ready home!

19. 2023-06-02
    soldstatus $310,990 Closed 930-char remark

    Show marketing remark (930 chars)

    One or more photo(s) has been virtually staged. Under Construction. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen overlooking the living area, dining room, and the outdoor covered lanai. The well-appointed kitchen comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. Bedroom 1 is located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share the second bathroom. The third bedroom is located near the laundry room, which is equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

20. 2023-04-20
    status Pending 930-char remark

    Show marketing remark (930 chars)

    One or more photo(s) has been virtually staged. Under Construction. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen overlooking the living area, dining room, and the outdoor covered lanai. The well-appointed kitchen comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. Bedroom 1 is located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share the second bathroom. The third bedroom is located near the laundry room, which is equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

21. 2023-04-18
    price $304,990 930-char remark

    Show marketing remark (930 chars)

    One or more photo(s) has been virtually staged. Under Construction. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen overlooking the living area, dining room, and the outdoor covered lanai. The well-appointed kitchen comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. Bedroom 1 is located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share the second bathroom. The third bedroom is located near the laundry room, which is equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

22. 2023-04-06
    price $310,990 930-char remark

    Show marketing remark (930 chars)

    One or more photo(s) has been virtually staged. Under Construction. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen overlooking the living area, dining room, and the outdoor covered lanai. The well-appointed kitchen comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. Bedroom 1 is located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share the second bathroom. The third bedroom is located near the laundry room, which is equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

23. 2023-03-29
    price $315,990 930-char remark

    Show marketing remark (930 chars)

    One or more photo(s) has been virtually staged. Under Construction. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen overlooking the living area, dining room, and the outdoor covered lanai. The well-appointed kitchen comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. Bedroom 1 is located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share the second bathroom. The third bedroom is located near the laundry room, which is equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

24. 2023-01-17
    listed $325,990 Active 930-char remark

    Show marketing remark (930 chars)

    One or more photo(s) has been virtually staged. Under Construction. This all concrete block constructed, one-story layout optimizes living space with an open concept kitchen overlooking the living area, dining room, and the outdoor covered lanai. The well-appointed kitchen comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. Bedroom 1 is located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share the second bathroom. The third bedroom is located near the laundry room, which is equipped with included washer and dryer. Pictures, photographs, colors, features, and sizes are for illustration purposes only and will vary from the homes as built. Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation. CRC057592.

ⓘ 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: $3,957 · $330/mo
• Projected year-2 tax: $3,957 · $330/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 ≥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: $26,890
• − Mortgage interest: −$15,399
• − Property taxes: −$3,957
• − Insurance: −$1,374
• − Repairs & maintenance: −$2,151
• − Management: −$2,151
• − HOA: −$600
• − Depreciation: −$7,997
• Taxable loss: −$6,740
• Est. tax savings @ 24.0%: +$1,618
• After-tax cash flow: $-370/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

-15.7% since first listed

9 events — show timeline

• 2026-04-07 Price Changed $274,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $285,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-11 Listed $297,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-02 Sold (MLS) $310,990 Stellar MLS as Distributed by MLS Grid
• 2023-04-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-04-18 Price Changed $304,990 Stellar MLS as Distributed by MLS Grid
• 2023-04-06 Price Changed $310,990 Stellar MLS as Distributed by MLS Grid
• 2023-03-29 Price Changed $315,990 Stellar MLS as Distributed by MLS Grid
• 2023-01-17 Listed $325,990 Stellar MLS as Distributed by MLS Grid

Property tax history

+67.0%/yr

Latest (2025): $3,957 · -10.2% YoY. Source: county tax records.