3 Locust Loop · Silver Springs Shores, FL 34472

$217,000

3 bd · 2.0 ba · 1,014 sqft · SingleFamily public records · 1 Days on market

Built 2022 0.29 ac lot Est $218k · at est.

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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).

• Cash flow +13.5/30.0
• Appreciation +8.0/10.0
• ARV discount +7.7/15.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

AFFORDABLE, 0.24 Ac, HIGH and DRY CORNER, BUILDING LOT with GOOD TREES you can work with. This is a growing area and in a GREAT LOCATION for you to build your dream home. Nice paved roads, easy access to Ocala, Lake Weir or the Villages. No HOA and SITE BUILT HOMES ONLY! Buy this land and/or purchase an available land/home package and START BUILDING TODAY! https://www. pa. marion. fl. us/patviewer/?PARCEL=9051-1614-03

Key facts

• Cathedral ceilings
• Abundant cabinetry
• Oversized lot

Tags

• OVERSIZED LOT
• UPGRADED INSULATION
• CATHEDRAL CEILINGS
• STAINLESS STEEL APPLIANCES
• ABUNDANT CABINETRY
• PRIVATE ENSUITE BATH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $217k.

Deal economics

• At list price, monthly cash flow is $8 ($99/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 $178k (18.0% below list).
• Recommended offer: $178k (18.0% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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; 674 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• This rent runs 33% 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 $14k 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.
• At projected returns (5.9% appreciation + 0.2% rent growth), your $61k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $160k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $177,845 (18.0% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 6.34%
• Cash-on-cash: 0.16%
• DSCR: 1.01
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $218,010
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3 Locust Loop	0.00mi	3/2.0	1,014 (0%)	1mo	$218,000	$215	99
274 Locust Pass	0.28mi	3/2.0	1,144 (+13%)	24mo	$241,550	$211	46
11045 SE 102nd Pl	0.74mi	3/2.0	1,120 (+10%)	24mo	$289,900	$259	28

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: 14.2%
• Equity multiple: 1.94×
• Total profit: $57,350
• Equity at exit: $135,491

10-year hold

• IRR: 13.7%
• Equity multiple: 3.63×
• Total profit: $159,536
• Equity at exit: $244,913

Cash invested: $60,760 (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: $1,778 high
• Mortgage (P&I): −$1,138
• Tax from tax record: −$168 /mo · $2,020/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $8

Break-even live

Break-even rent $1,768

Max offer price $217,000

Occupancy floor 95%

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: $54,250
• Closing costs: $6,510
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
219 Locust Ln Ocala, FL	3.0	2.0	1232	$1,650	$1.34	13d	1	0.09mi
80 Locust Pass Run Ocala, FL	3.0	2.0	1003	$1,595	$1.59	13d	1	0.29mi
202 Oak Lane Cir Ocala, FL	3.0	2.0	1232	$1,650	$1.34	13d	1	0.33mi
217 Locust Pass Crse Ocala, FL	3.0	2.0	1232	$1,650	$1.34	13d	1	0.36mi
217 Locust Pass Ln Ocala, FL	3.0	2.0	1011	$1,697	$1.68	13d	1	0.40mi
342 Locust Pass Ocala, FL	3.0	2.0	1232	$1,650	$1.34	13d	1	0.43mi
310 Oak Lane Pass Ocala, FL	2.0	2.0	988	$1,325	$1.34	21d	1	0.88mi
325 Oak Track Ct Ocala, FL	3.0	2.0	1163	$1,550	$1.33	21d	1	0.94mi
6 Locust Course Ln Ocala, FL	3.0	2.0	1263	$1,735	$1.37	13d	1	1.25mi

Listing history 14 events

1. 2026-04-01
   status Pending
2. 2026-03-31
   listed $217,000 Active
3. 2025-12-31
   historical
4. 2025-06-17
   listed $40,000 Active
5. 2022-06-15
   soldstatus $159,900
6. 2021-12-07
   soldstatus $17,000 Closed 421-char remark

   Show marketing remark (421 chars)

   AFFORDABLE, 0.24 Ac, HIGH and DRY CORNER, BUILDING LOT with GOOD TREES you can work with. This is a growing area and in a GREAT LOCATION for you to build your dream home. Nice paved roads, easy access to Ocala, Lake Weir or the Villages. No HOA and SITE BUILT HOMES ONLY! Buy this land and/or purchase an available land/home package and START BUILDING TODAY! https://www. pa. marion. fl. us/patviewer/?PARCEL=9051-1614-03

7. 2021-10-07
   status Pending 421-char remark

   Show marketing remark (421 chars)

   AFFORDABLE, 0.24 Ac, HIGH and DRY CORNER, BUILDING LOT with GOOD TREES you can work with. This is a growing area and in a GREAT LOCATION for you to build your dream home. Nice paved roads, easy access to Ocala, Lake Weir or the Villages. No HOA and SITE BUILT HOMES ONLY! Buy this land and/or purchase an available land/home package and START BUILDING TODAY! https://www. pa. marion. fl. us/patviewer/?PARCEL=9051-1614-03

8. 2021-09-21
   listed $17,900 Active 421-char remark

   Show marketing remark (421 chars)

   AFFORDABLE, 0.24 Ac, HIGH and DRY CORNER, BUILDING LOT with GOOD TREES you can work with. This is a growing area and in a GREAT LOCATION for you to build your dream home. Nice paved roads, easy access to Ocala, Lake Weir or the Villages. No HOA and SITE BUILT HOMES ONLY! Buy this land and/or purchase an available land/home package and START BUILDING TODAY! https://www. pa. marion. fl. us/patviewer/?PARCEL=9051-1614-03

9. 2019-12-19
   soldstatus $6,685
10. 2019-06-14
    listed $8,300
11. 2019-05-09
    historical
12. 2018-05-09
    listed $8,900
13. 2005-03-11
    soldstatus $15,000
14. 2005-01-18
    soldstatus $8,500

ⓘ 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: $2,020 · $168/mo
• Projected year-2 tax: $2,020 · $168/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 3/10 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: $21,341
• − Mortgage interest: −$12,155
• − Property taxes: −$2,020
• − Insurance: −$1,085
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$6,313
• Taxable loss: −$3,646
• Est. tax savings @ 24.0%: +$875
• After-tax cash flow: $974/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

+2452.9% since first listed

14 events — show timeline

• 2026-04-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Listed $217,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-17 Listed $40,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-15 Sold (Public Records) $159,900 Public Records
• 2021-12-07 Sold (MLS) $17,000 Stellar MLS as Distributed by MLS Grid
• 2021-10-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-09-21 Listed $17,900 Stellar MLS as Distributed by MLS Grid
• 2019-12-19 Sold (MLS) $6,685 Stellar MLS as Distributed by MLS Grid
• 2019-06-14 Listed $8,300 Stellar MLS as Distributed by MLS Grid
• 2019-05-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2018-05-09 Listed $8,900 Stellar MLS as Distributed by MLS Grid
• 2005-03-11 Sold (Public Records) $15,000 Public Records
• 2005-01-18 Sold (Public Records) $8,500 Public Records

Property tax history

+30.1%/yr

Latest (2025): $2,020 · +13.6% YoY. Source: county tax records.