1215 NW 15th Ave · Ocala, FL 34475

$169,000

4 bd · 2.0 ba · 2,206 sqft · SingleFamily public records · 29 Days on market

Built 1967 8,276 sqft lot

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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 +25.7/30.0
• DSCR +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +7.0/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

DON'T MISS OUT ON THIS GREAT OPPORTUNITY . THIS 4/2 IS PRICED RIGHT TO SELL. THIS IS A INCOME PRODUCING PROPERTY CURRENTLY PRODUCING $3,000 OR MORE MONTHLY INCOME AND TENANTS WANT TO STAY. THIS IS A AS IS PROPERTY SELLER WILL NOT PAY FOR ANY REPAIRS. PLEASE CHECK PUBLIC RECORDS FOR ACCURACY OF THIS LISTING. OCALA REALTY WORLD IS NOT LIABLE FOR ANY INACCURACY OF LISTING.

Key facts

• 8,276 sq ft lot
• Built 1967
• Listed 29 days

Property features AI

Finance

• Other: Zoned R1A
• Financial info: No lease restrictions; Homestead exempt
• HOA & community: No association; No association approval required

Exterior

• Parking: Open parking; Oversized parking pad; Other parking
• Utilities: Public water; Public sewer; Cable available; Electricity available; Water available
• Home design: Single family residence; One story; Faces northwest; Residential property
• Construction: Block construction; Shingle roof; Slab foundation; Built on lot approximately 0.19 acres (80 x 105)
• Exterior features: Other exterior features; Asphalt/paved road access

Interior

• Kitchen: Other appliances
• Bedrooms: 4 bedrooms
• Flooring: Ceramic tile; Vinyl
• Bathrooms: 2 full baths, 1 half bath
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features
• Laundry & utility: Other laundry features

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $402 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $166k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 4.2% in Ocala — 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 69/100 on livability (#476 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute 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.
• Zoned schools: South Ocala Elementary School (math 45% / reading 43%, grade F, #1,330 of 2,144 statewide, top 63%, 715 students, 60% FRL); Vanguard High School (math 22% / reading 48%, grade F, #379 of 667 statewide, top 58%, 1,661 students, 59% FRL) — zoned schools at 60% FRL track the district average.
• Market conditions: 199 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).
• At $2,030/mo this rent would consume 81% of the median local household income ($30k/yr) (locally 923% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 29 days — a 2% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 14y 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.

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 $166,465 (1.5% below list)

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.20% ✓
• Cap rate: 9.15%
• Cash-on-cash: 10.20%
• DSCR: 1.45
• GRM: 6.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -1.0%
• Equity multiple: 0.96×
• Total profit: $-1,715
• Equity at exit: $25,198

10-year hold

• IRR: 8.7%
• Equity multiple: 1.67×
• Total profit: $31,703
• Equity at exit: $14,612

Cash invested: $47,320 (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 34475

• Home prices YoY: -8.0%
• Active inventory: 199
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,030 high
• Mortgage (P&I): −$886
• Tax from tax record: −$245 /mo · $2,940/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $402

Break-even live

Break-even rent $1,521

Max offer price $169,000

Occupancy floor 75%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
714 NW 1st St Ocala, FL	3.0	2.0	1444	$2,200	$1.52	13d	1	0.86mi
1683 SW 3rd St Ocala, FL	4.0	2.0	1636	$2,200	$1.34	21d	1	1.04mi
1221 SE 5th St Ocala, FL	3.0	2.0	1900	$2,350	$1.24	13d	1	1.12mi
2491 Nw 23rd Ave , FL	4.0	2.0	1811	$2,045	$1.13	21d	1	1.15mi
339 NE Sanchez Ave Unit 111 Ocala, FL	3.0	3.0	1422	$1,649	$1.16	21d	1	1.34mi
710 NE 4th St Unit 101 Ocala, FL	3.0	3.0	1422	$1,575	$1.11	21d	1	1.34mi

Listing history 36 events

1. 2026-06-18
   days on market $169,000 Active 29 DOM
2. 2026-06-17
   days on market $169,000 Active 28 DOM
3. 2026-06-16
   days on market $169,000 Active 27 DOM
4. 2026-06-15
   days on market $169,000 Active 26 DOM
5. 2026-06-14
   days on market $169,000 Active 24 DOM
6. 2026-06-13
   pricedays on market $169,000 Active 23 DOM
7. 2026-06-10
   days on market $169,990 Active 21 DOM
8. 2026-06-09
   days on market $169,990 Active 20 DOM
9. 2026-06-08
   days on market $169,990 Active 19 DOM
10. 2026-06-07
    days on market $169,990 Active 18 DOM
11. 2026-06-03
    days on market $169,990 Active 14 DOM
12. 2026-06-02
    days on market $169,990 Active 13 DOM
13. 2026-06-01
    days on market $169,990 Active 12 DOM
14. 2026-05-31
    days on market $169,990 Active 11 DOM
15. 2026-05-30
    days on market $169,990 Active 10 DOM
16. 2026-05-20
    listed $169,990 Active
17. 2024-10-15
    soldstatus $150,000 Closed 372-char remark

    Show marketing remark (372 chars)

    DON'T MISS OUT ON THIS GREAT OPPORTUNITY . THIS 4/2 IS PRICED RIGHT TO SELL. THIS IS A INCOME PRODUCING PROPERTY CURRENTLY PRODUCING $3,000 OR MORE MONTHLY INCOME AND TENANTS WANT TO STAY. THIS IS A AS IS PROPERTY SELLER WILL NOT PAY FOR ANY REPAIRS. PLEASE CHECK PUBLIC RECORDS FOR ACCURACY OF THIS LISTING. OCALA REALTY WORLD IS NOT LIABLE FOR ANY INACCURACY OF LISTING.

18. 2024-09-30
    status Pending 372-char remark

    Show marketing remark (372 chars)

    DON'T MISS OUT ON THIS GREAT OPPORTUNITY . THIS 4/2 IS PRICED RIGHT TO SELL. THIS IS A INCOME PRODUCING PROPERTY CURRENTLY PRODUCING $3,000 OR MORE MONTHLY INCOME AND TENANTS WANT TO STAY. THIS IS A AS IS PROPERTY SELLER WILL NOT PAY FOR ANY REPAIRS. PLEASE CHECK PUBLIC RECORDS FOR ACCURACY OF THIS LISTING. OCALA REALTY WORLD IS NOT LIABLE FOR ANY INACCURACY OF LISTING.

19. 2024-09-30
    status Active 372-char remark

    Show marketing remark (372 chars)

    DON'T MISS OUT ON THIS GREAT OPPORTUNITY . THIS 4/2 IS PRICED RIGHT TO SELL. THIS IS A INCOME PRODUCING PROPERTY CURRENTLY PRODUCING $3,000 OR MORE MONTHLY INCOME AND TENANTS WANT TO STAY. THIS IS A AS IS PROPERTY SELLER WILL NOT PAY FOR ANY REPAIRS. PLEASE CHECK PUBLIC RECORDS FOR ACCURACY OF THIS LISTING. OCALA REALTY WORLD IS NOT LIABLE FOR ANY INACCURACY OF LISTING.

20. 2024-09-30
    status Pending 372-char remark

    Show marketing remark (372 chars)

    DON'T MISS OUT ON THIS GREAT OPPORTUNITY . THIS 4/2 IS PRICED RIGHT TO SELL. THIS IS A INCOME PRODUCING PROPERTY CURRENTLY PRODUCING $3,000 OR MORE MONTHLY INCOME AND TENANTS WANT TO STAY. THIS IS A AS IS PROPERTY SELLER WILL NOT PAY FOR ANY REPAIRS. PLEASE CHECK PUBLIC RECORDS FOR ACCURACY OF THIS LISTING. OCALA REALTY WORLD IS NOT LIABLE FOR ANY INACCURACY OF LISTING.

21. 2024-09-25
    listed $155,000 Active 372-char remark

    Show marketing remark (372 chars)

    DON'T MISS OUT ON THIS GREAT OPPORTUNITY . THIS 4/2 IS PRICED RIGHT TO SELL. THIS IS A INCOME PRODUCING PROPERTY CURRENTLY PRODUCING $3,000 OR MORE MONTHLY INCOME AND TENANTS WANT TO STAY. THIS IS A AS IS PROPERTY SELLER WILL NOT PAY FOR ANY REPAIRS. PLEASE CHECK PUBLIC RECORDS FOR ACCURACY OF THIS LISTING. OCALA REALTY WORLD IS NOT LIABLE FOR ANY INACCURACY OF LISTING.

22. 2024-06-19
    status Active
23. 2024-03-09
    status Active
24. 2024-01-21
    status Pending
25. 2023-11-22
    listed $199,000 Active
26. 2013-03-19
    soldstatus $13,500
27. 2012-12-17
    listed $20,000
28. 2012-12-14
    historical
29. 2012-10-19
    historical
30. 2012-09-14
    historical
31. 2012-09-12
    listed $25,000
32. 2012-09-12
    listed $25,000
33. 2012-09-11
    historical
34. 2012-08-01
    listed $30,000
35. 2012-04-24
    listed $35,000
36. 1996-09-25
    soldstatus $54,000

ⓘ 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: $2,940 · $245/mo
• Projected year-2 tax: $2,940 · $245/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: $24,363
• − Mortgage interest: −$9,467
• − Property taxes: −$2,940
• − Insurance: −$845
• − Repairs & maintenance: −$1,949
• − Management: −$1,949
• − Depreciation: −$4,916
• Taxable income: $2,297
• Est. tax owed @ 24.0%: −$551
• After-tax cash flow: $4,276/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 — Ocala

• Score: 69/100
• State rank: #476
• US rank: #8461

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ocala, FL
• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 14,301
• Household income: $30,174
• Rent vs Own: 48.9% rent · 51.1% own
• Severe rent burden: 923.0

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 0.68)
• Race & ethnicity: Black 44% White 30% Hispanic / Latino 19% Two or more races 11%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8% Cuban 3%
• Common ancestry: Serbian 2% Hispanic 1% Lithuanian 1%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 84% English-only · Spanish 13% French/Haitian/Cajun 2%

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: ▼ -22.26%
• Current HPI: 254.6319
• Rent YoY: —
• 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

+214.8% since first listed

21 events — show timeline

• 2026-05-20 Listed $169,990 Stellar MLS as Distributed by MLS Grid
• 2024-10-15 Sold (MLS) $150,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-09-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-09-25 Listed $155,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-19 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-03-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-01-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-11-22 Listed $199,000 Stellar MLS as Distributed by MLS Grid
• 2013-03-19 Sold (MLS) $13,500 Stellar MLS as Distributed by MLS Grid
• 2012-12-17 Listed $20,000 Stellar MLS as Distributed by MLS Grid
• 2012-12-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-10-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-09-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-09-12 Listed $25,000 Stellar MLS as Distributed by MLS Grid
• 2012-09-12 Listed $25,000 Stellar MLS as Distributed by MLS Grid
• 2012-09-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2012-08-01 Listed $30,000 Stellar MLS as Distributed by MLS Grid
• 2012-04-24 Listed $35,000 Stellar MLS as Distributed by MLS Grid
• 1996-09-25 Sold (Public Records) $54,000 Public Records

Property tax history

+14.1%/yr

Latest (2025): $2,940 · +46.4% YoY. Source: county tax records.