8 Pine Trace Pl · Silver Springs Shores, FL 34472

$268,900

3 bd · 2.0 ba · 1,360 sqft · Land · 60 Days on market

Built 2026 10,019 sqft lot

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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).

• Appreciation +8.0/10.0
• ARV discount +7.5/15.0
• Cash flow +6.2/30.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.4/10.0
• DSCR +0.5/10.0

Listing remarks

Come see this custom new construction beauty. All the upgrades you want and you don’t have to wait for them. This 3 bedroom, 2 bath home has an open split floor plan perfect for hosting for an evening or a weekend. Luxury Vinyl Plank throughout all 1,360 square feet, ceiling fans installed, stainless steel kitchen appliances, quartz countertops, waterfall island, backsplash throughout the kitchen, garage door with opener ready to go for your two-car garage. Plywood box cabinets with soft close drawers and doors in kitchen and bathrooms. Both bathroom showers tiled to the ceiling for easy upkeep. Oak plywood closet and pantry systems in each bedroom. Enjoy all . 23 acres with a large,

Key facts

• Quartz countertops
• Luxury vinyl plank
• Waterfall island

Tags

• CUSTOM NEW CONSTRUCTION
• OPEN SPLIT FLOOR PLAN
• LUXURY VINYL PLANK
• QUARTZ COUNTERTOPS
• WATERFALL ISLAND
• BACKSPLASH THROUGHOUT KITCHEN

Property features AI

Finance

• Other: Lot approximately 0.23 acres (80 x 125, asphalt road); Projected completion date: February 7, 2026; Living area reported as 1,360 sq ft (builder); Building area reported as 1,904 sq ft (public records); Zoning: R1; Property condition: Completed; Homestead: No; CDD: No; Furnished: Unfurnished; Well and septic on property
• HOA & community: No HOA association indicated

Exterior

• Parking: Attached 2-car garage
• Utilities: Well water; Septic tank; Electricity connected
• Home design: Single-family residence; One story; New construction (completed); North-facing
• Construction: Shingle roof; Slab foundation; Built by Square Construction LLC
• Exterior features: Outdoor lighting; Other exterior features

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cathedral ceilings; Open floor plan; Split-bedroom layout; Window treatments
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $269k.

Deal economics

• At list price, monthly cash flow is $-492 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $198k (26.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $173k (35.7% below list).
• Recommended offer: $173k (35.7% 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, 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: Legacy Elementary School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 716 students, 72% 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; 683 active listings in the ZIP; 29 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).
• This rent runs 32% 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 ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($261k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $20k; list at $269k implies a 1251% 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; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,967 (35.7% 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 60 days. Have you received any prior offers? Is the seller open to a 36% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.64% ✗
• Cap rate: 4.10%
• Cash-on-cash: -7.84%
• DSCR: 0.65
• GRM: 13.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 8.0%
• Equity multiple: 1.54×
• Total profit: $40,470
• Equity at exit: $167,897

10-year hold

• IRR: 9.0%
• Equity multiple: 2.80×
• Total profit: $135,249
• Equity at exit: $303,489

Cash invested: $75,292 (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: 683
• Price-to-rent: 13.0×

Monthly cashflow live

• Estimated rent: $1,730 high
• Mortgage (P&I): −$1,410
• Tax est. 1.5%: −$336 /mo · $4,034/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $-492

Break-even live

Break-even rent $2,352

Max offer price $197,726

Occupancy floor —

Sensitivity live

Price	-10% $-306	-5% $-399	+0% $-492	+5% $-585	+10% $-678
Rent	-10% $-629	-5% $-560	+0% $-492	+5% $-424	+10% $-355
Rate	-1.0pp $-356	-0.5pp $-423	base $-492	+0.5pp $-562	+1.0pp $-632

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: $67,225
• Closing costs: $8,067
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7215 Midway Ter Ocala, FL	2.0	2.0	975	$1,175	$1.21	23d	1	0.24mi
57 Pine Cir Ocala, FL	3.0	2.0	1270	$1,897	$1.49	15d	1	0.39mi
7455 Midway Ter Unit K Ocala, FL	2.0	1.0	904	$1,249	$1.38	23d	1	0.43mi
6 Cedar Dr Ocala, FL	3.0	2.0	1477	$1,675	$1.13	23d	1	0.44mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	15d	1	0.57mi
2 Dogwood Drive Pl Ocala, FL	4.0	2.0	1608	$2,099	$1.31	23d	1	0.62mi
3 Pine Circle Pass Ocala, FL	3.0	2.0	1674	$1,700	$1.02	23d	1	0.70mi
7 Pine Run Ter Ocala, FL	3.0	2.0	1432	$1,500	$1.05	15d	1	0.72mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	23d	1	0.72mi
98 Dogwood Drive Cir Ocala, FL	3.0	2.0	1337	$1,695	$1.27	23d	1	0.76mi
43 Bahia Pass Ocala, FL	3.0	2.0	1188	$1,475	$1.24	23d	1	0.83mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	23d	1	0.84mi
88 Dogwood Drive Loop Ocala, FL	3.0	2.0	1659	$1,600	$0.96	23d	1	0.85mi
9 Pine Course Radl Ocala, FL	3.0	2.0	1453	$1,725	$1.19	15d	1	0.87mi
5 Cedar Ln Ocala, FL	3.0	2.0	1064	$1,750	$1.64	23d	1	0.91mi
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	23d	1	0.91mi
139 Pine Crse Ocala, FL	3.0	2.0	1398	$1,645	$1.18	15d	1	0.93mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	23d	1	0.94mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	23d	1	1.01mi
43 Water Track Loop Ocala, FL	3.0	2.0	1287	$1,799	$1.40	15d	1	1.01mi
21 Dogwood Drive Pass Ocala, FL	3.0	2.0	1390	$1,595	$1.15	23d	1	1.08mi
13 Pine Radial Dr Ocala, FL	3.0	2.0	1453	$1,795	$1.24	23d	1	1.11mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	15d	1	1.15mi
9 Dogwood Trail Dr Ocala, FL	3.0	2.0	1110	$1,595	$1.44	23d	1	1.19mi
9649 Bahia Rd Ocala, FL	3.0	2.0	1282	$1,595	$1.24	23d	1	1.34mi
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	15d	1	1.37mi
54 Laurel Pass Ocala, FL	2.0	2.0	1000	$1,200	$1.20	23d	1	1.39mi
58 Laurel Pass Ocala, FL	2.0	2.0	1000	$1,200	$1.20	23d	1	1.40mi
66 Laurel Pass Ocala, FL	2.0	2.0	974	$1,175	$1.21	23d	1	1.41mi

Listing history 9 events

1. 2026-04-29
   status Pending
2. 2026-03-25
   price $268,900
3. 2026-03-18
   status Active
4. 2026-02-26
   status Pending
5. 2026-02-07
   listed $269,900 Active
6. 2005-03-15
   soldstatus $19,900
7. 2004-10-05
   soldstatus $27,000
8. 2003-10-20
   soldstatus $9,900
9. 1997-07-24
   soldstatus $10,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 9/10 Extreme 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: $20,756
• − Mortgage interest: −$15,063
• − Property taxes: −$4,034
• − Insurance: −$1,344
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − Depreciation: −$7,823
• Taxable loss: −$10,828
• Est. tax savings @ 24.0%: +$2,599
• After-tax cash flow: $-3,304/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

+2589.0% since first listed

9 events — show timeline

• 2026-04-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $268,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-07 Listed $269,900 Stellar MLS as Distributed by MLS Grid
• 2005-03-15 Sold (Public Records) $19,900 Public Records
• 2004-10-05 Sold (Public Records) $27,000 Public Records
• 2003-10-20 Sold (Public Records) $9,900 Public Records
• 1997-07-24 Sold (Public Records) $10,000 Public Records

Property tax history

+9.5%/yr

Latest (2025): $316 · +15.9% YoY. Source: county tax records.