757 Midway Dr Unit B · Silver Springs Shores, FL 34472

$99,900

1 bd · 1.0 ba · 756 sqft · Condo public records · 99 Days on market

Built 1975 $132/sqft · at area comps Est $103k · at est. $236/mo HOA · 18% of rent

---

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 +21.1/30.0
• ARV discount +8.8/15.0
• 1% rule +8.0/10.0
• Appreciation +8.0/10.0
• DSCR +6.7/10.0
• 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

Fabulous 55+ Upstairs FURNISHED TURNKEY condo with great views on the country Club of Silver Springs Golf Course!!! 1 Bedroom 1 bath. Beautiful neutral colors. You feel right at home the moment you enter. Living room has luxury vinyl flooring, sliding glass doors to the lanai with so much natural sunlight! Living room and dining room combination give plenty of space to entertain family and friends. Roof 2024, new Microwave, Washer and Dryer, Dishwasher. You can enjoy all the views from open concept from the kitchen as well. Enjoy a peaceful day in this wonderful retirement community. Community is surrounded by golf course and waterways. You also can join the Silver Springs Community Center. You will pay just $5 for a badge and enjoy year round fun. 3 Pools and a Jacuzzi, community center for get togethers, small fitness center, Pickle Ball, Basketball and right on a lake. Plenty of Grocery stores, restaurants, and medical facilities. 6 miles to the Silver Springs State Park, 5 miles to Santos trailhead and campground, and only 17 miles to the World Equestrian Center. .. .Call today and schedule your private tour!

Key facts

• Open concept
• Sliding glass doors
• 3 pools

Tags

• LUXURY VINYL FLOORING
• SLIDING GLASS DOORS
• OPEN CONCEPT
• SURROUNDED BY GOLF COURSE
• SURROUNDED BY WATERWAYS
• 3 POOLS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $91k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.0% 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, amenities 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: Greenway Elementary School (math 33% / reading 35%, grade F, #1,744 of 2,144 statewide, top 82%, 736 students, 67% FRL); Lake Weir Middle School (math 37% / reading 33%, grade F, #416 of 571 statewide, top 74%, 1,207 students, 76% FRL); Lake Weir High School (math 23% / reading 34%, grade F, #458 of 667 statewide, top 69%, 1,483 students, 68% FRL).
• Market conditions: Rents flat; 682 active listings in the ZIP; 22 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 $7k of equity ($691 loan paydown + $6k 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 $28k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 19 sale attempts since 17y 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 $50k; list at $100k implies a 100% 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $90,909 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.30% ✓
• Cap rate: 8.01%
• Cash-on-cash: 6.13%
• DSCR: 1.27
• GRM: 6.4

CMA / ARV

• ARV (median comp): $102,754
• List price: $99,900
• Delta: -2.78%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

5.93% appreciation · 0.17% rent growth · sell at horizon

5-year hold

• IRR: 18.6%
• Equity multiple: 2.22×
• Total profit: $34,080
• Equity at exit: $62,376

10-year hold

• IRR: 16.9%
• Equity multiple: 4.11×
• Total profit: $86,976
• Equity at exit: $112,750

Cash invested: $27,972 (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: 682
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,304 high
• Mortgage (P&I): −$524
• Tax from tax record: −$85 /mo · $1,024/yr
• Insurance: −$42
• HOA: −$236
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $143

Break-even live

Break-even rent $1,123

Max offer price $99,900

Occupancy floor 84%

Sensitivity live

Price	-10% $200	-5% $171	+0% $143	+5% $115	+10% $86
Rent	-10% $40	-5% $91	+0% $143	+5% $194	+10% $246
Rate	-1.0pp $193	-0.5pp $168	base $143	+0.5pp $117	+1.0pp $91

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	22d	1	0.08mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	15d	1	0.17mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	22d	1	0.17mi
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	15d	1	0.32mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	22d	1	0.39mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	22d	1	0.40mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	22d	1	0.43mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	22d	1	0.47mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	22d	1	0.50mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	22d	1	0.52mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	22d	1	0.52mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	22d	1	0.54mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	22d	1	0.57mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	22d	1	0.57mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	22d	1	0.57mi
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	22d	1	0.63mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	15d	1	0.70mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	22d	1	0.71mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	22d	1	0.71mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	22d	1	0.73mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	15d	1	1.14mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	22d	1	1.43mi

HOA detail condo

• Monthly dues: $236 · $2,832/yr
• Likely covers: waterpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-21
   days on market $99,900 Active 99 DOM
2. 2026-06-18
   days on market $99,900 Active 96 DOM
3. 2026-06-17
   days on market $99,900 Active 95 DOM
4. 2026-06-16
   days on market $99,900 Active 94 DOM
5. 2026-06-15
   days on market $99,900 Active 93 DOM
6. 2026-06-14
   days on market $99,900 Active 91 DOM
7. 2026-06-13
   days on market $99,900 Active 90 DOM
8. 2026-06-10
   days on market $99,900 Active 88 DOM
9. 2026-06-09
   days on market $99,900 Active 87 DOM
10. 2026-06-08
    days on market $99,900 Active 86 DOM
11. 2026-06-07
    days on market $99,900 Active 85 DOM
12. 2026-06-03
    days on market $99,900 Active 81 DOM
13. 2026-06-02
    days on market $99,900 Active 80 DOM
14. 2026-06-01
    days on market $99,900 Active 79 DOM
15. 2026-05-31
    days on market $99,900 Active 78 DOM
16. 2026-05-30
    days on market $99,900 Active 77 DOM
17. 2026-03-14
    listed $99,900 Active 1130-char remark

    Show marketing remark (1130 chars)

    Fabulous 55+ Upstairs FURNISHED TURNKEY condo with great views on the country Club of Silver Springs Golf Course!!! 1 Bedroom 1 bath. Beautiful neutral colors. You feel right at home the moment you enter. Living room has luxury vinyl flooring, sliding glass doors to the lanai with so much natural sunlight! Living room and dining room combination give plenty of space to entertain family and friends. Roof 2024, new Microwave, Washer and Dryer, Dishwasher. You can enjoy all the views from open concept from the kitchen as well. Enjoy a peaceful day in this wonderful retirement community. Community is surrounded by golf course and waterways. You also can join the Silver Springs Community Center. You will pay just $5 for a badge and enjoy year round fun. 3 Pools and a Jacuzzi, community center for get togethers, small fitness center, Pickle Ball, Basketball and right on a lake. Plenty of Grocery stores, restaurants, and medical facilities. 6 miles to the Silver Springs State Park, 5 miles to Santos trailhead and campground, and only 17 miles to the World Equestrian Center. .. .Call today and schedule your private tour!

18. 2026-01-16
    historical
19. 2025-08-12
    status Active
20. 2025-08-11
    status Pending
21. 2025-07-18
    price $99,000
22. 2025-07-13
    listed $95,000 Active
23. 2025-01-14
    status Active
24. 2025-01-14
    historical
25. 2024-11-18
    status Pending
26. 2024-10-16
    listed $94,000 Active
27. 2024-08-20
    status Pending
28. 2024-08-19
    historical
29. 2024-07-15
    status Active
30. 2024-07-01
    status Active
31. 2024-06-27
    status Pending
32. 2024-05-07
    status Active
33. 2024-05-02
    listed $90,000 Active
34. 2024-04-22
    status Active
35. 2024-04-22
    historical
36. 2024-04-10
    status Pending
37. 2024-04-08
    status Active
38. 2024-04-08
    historical
39. 2024-03-29
    status Pending
40. 2024-03-22
    price $95,000
41. 2024-02-06
    listed $105,000 Active
42. 2023-11-04
    status Pending
43. 2023-10-31
    price $85,000
44. 2023-10-26
    price $90,000
45. 2023-09-21
    price $94,900
46. 2023-09-18
    price $99,900
47. 2023-09-06
    listed $115,000 Active
48. 2023-05-22
    status Pending
49. 2023-05-03
    price $109,900
50. 2023-05-03
    historical

ⓘ 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: $1,024 · $85/mo
• Projected year-2 tax: $1,024 · $85/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 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: $15,643
• − Mortgage interest: −$5,596
• − Property taxes: −$1,024
• − Insurance: −$500
• − Repairs & maintenance: −$1,251
• − Management: −$1,251
• − HOA: −$2,832
• − Depreciation: −$2,906
• Taxable income: $282
• Est. tax owed @ 24.0%: −$68
• After-tax cash flow: $1,648/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

+244.5% since first listed

49 events — show timeline

• 2026-03-14 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-01-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-08-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-08-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-07-18 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-13 Listed $95,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-01-14 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-11-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-10-16 Listed $94,000 Stellar MLS as Distributed by MLS Grid
• 2024-08-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-08-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-07-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-07-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-06-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-07 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-02 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-22 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-04-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-04-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-04-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-04-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-03-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-03-22 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2024-02-06 Listed $105,000 Stellar MLS as Distributed by MLS Grid
• 2023-11-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-10-31 Price Changed $85,000 Stellar MLS as Distributed by MLS Grid
• 2023-10-26 Price Changed $90,000 Stellar MLS as Distributed by MLS Grid
• 2023-09-21 Price Changed $94,900 Stellar MLS as Distributed by MLS Grid
• 2023-09-18 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2023-09-06 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-03 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-05-03 Price Changed $109,900 Stellar MLS as Distributed by MLS Grid
• 2023-03-31 Price Changed $104,900 Stellar MLS as Distributed by MLS Grid
• 2023-03-08 Listed $109,900 Stellar MLS as Distributed by MLS Grid
• 2023-01-07 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-12-18 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 2021-09-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-06-30 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-06-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-06-11 Listed $67,500 Stellar MLS as Distributed by MLS Grid
• 2020-07-07 Sold (Public Records) $50,000 Public Records
• 2020-07-06 Sold (MLS) $50,000 Stellar MLS as Distributed by MLS Grid
• 2020-05-15 Listed $52,000 Stellar MLS as Distributed by MLS Grid
• 2017-03-31 Sold (Public Records) $22,000 Public Records
• 2010-04-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2009-09-25 Listed $34,750 Stellar MLS as Distributed by MLS Grid
• 1978-09-01 Sold (Public Records) $29,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,024 · +26.6% YoY. Source: county tax records.