18274 SE 22nd Pl · Silver Springs Shores East, FL 34488

$105,000

3 bd · 1.0 ba · 900 sqft · Manufactured public records · 92 Days on market

Built 1974 0.61 ac lot $117/sqft · 50% above area Est $70k · 50% over

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

* * Investor Alert: Prime Opportunity Near Ocala! * * This 3-bedroom home is perfectly positioned just a short drive from the heart of Ocala, offering the ideal blend of peaceful Silver Springs living with quick access to the city's rapidly growing job market, shopping, and the World Equestrian Center. Set on a sprawling * * 0.61-acre lot * * that is * * not in a flood zone * * (Zone X), this property is a standout choice for an income-producing rental or a high-equity flip. With * * low annual taxes * * and * * no HOA fees * * , your overhead remains minimal while you capitalize on the massive, usable yard. High, dry, and priced to move at * * $130,000 * * , this is a rare chance to secure a versatile asset in one of Florida's most sought-after outdoor recreation hubs. * * Cash offers only. * *

Key facts

• Not in a flood zone
• Low annual taxes
• Usable yard

Tags

• 0.61-ACRE LOT
• NOT IN A FLOOD ZONE
• LOW ANNUAL TAXES
• NO HOA FEES
• USABLE YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $105k.

Deal economics

• At list price, monthly cash flow is $426 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $96k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 5.2% in Silver Springs Shores East — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: 201 active listings in the ZIP; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $25k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $16k; list at $105k implies a 536% 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; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,550 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 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 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.34% ✓
• Cap rate: 11.16%
• Cash-on-cash: 17.40%
• DSCR: 1.77
• GRM: 6.2

CMA / ARV

• ARV (median comp): $70,000
• List price: $105,000
• Delta: 50.00%
• Verdict: OVERPRICED
• Comps: 5 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18569 SE 22nd Ln	0.27mi	3/1.0	984 (+9%)	2mo	$29,000	$29	70
18640 SE 22nd Ln	0.33mi	2/2.0 (-1)	840 (-7%)	3mo	$70,000	$83	62

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: 8.8%
• Equity multiple: 1.34×
• Total profit: $10,133
• Equity at exit: $15,656

10-year hold

• IRR: 18.0%
• Equity multiple: 2.49×
• Total profit: $43,773
• Equity at exit: $9,078

Cash invested: $29,400 (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 34488

• Home prices YoY: -26.1%
• Active inventory: 201
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,409 medium
• Mortgage (P&I): −$551
• Tax from tax record: −$93 /mo · $1,110/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $426

Break-even live

Break-even rent $869

Max offer price $105,000

Occupancy floor 65%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $105,000 Active 92 DOM
2. 2026-06-17
   days on market $105,000 Active 91 DOM
3. 2026-06-16
   days on market $105,000 Active 90 DOM
4. 2026-06-15
   days on market $105,000 Active 89 DOM
5. 2026-06-14
   days on market $105,000 Active 87 DOM
6. 2026-06-13
   days on market $105,000 Active 86 DOM
7. 2026-06-10
   days on market $105,000 Active 84 DOM
8. 2026-06-09
   days on market $105,000 Active 83 DOM
9. 2026-06-08
   days on market $105,000 Active 82 DOM
10. 2026-06-07
    days on market $105,000 Active 81 DOM
11. 2026-06-03
    days on market $105,000 Active 77 DOM
12. 2026-06-02
    days on market $105,000 Active 76 DOM
13. 2026-06-01
    days on market $105,000 Active 75 DOM
14. 2026-05-31
    days on market $105,000 Active 74 DOM
15. 2026-05-30
    days on market $105,000 Active 73 DOM
16. 2026-04-28
    price $128,000 829-char remark

    Show marketing remark (829 chars)

    * * Investor Alert: Prime Opportunity Near Ocala! * * This 3-bedroom home is perfectly positioned just a short drive from the heart of Ocala, offering the ideal blend of peaceful Silver Springs living with quick access to the city's rapidly growing job market, shopping, and the World Equestrian Center. Set on a sprawling * * 0.61-acre lot * * that is * * not in a flood zone * * (Zone X), this property is a standout choice for an income-producing rental or a high-equity flip. With * * low annual taxes * * and * * no HOA fees * * , your overhead remains minimal while you capitalize on the massive, usable yard. High, dry, and priced to move at * * $130,000 * * , this is a rare chance to secure a versatile asset in one of Florida's most sought-after outdoor recreation hubs. * * Cash offers only. * *

17. 2026-03-18
    listed $130,000 Active 829-char remark

    Show marketing remark (829 chars)

    * * Investor Alert: Prime Opportunity Near Ocala! * * This 3-bedroom home is perfectly positioned just a short drive from the heart of Ocala, offering the ideal blend of peaceful Silver Springs living with quick access to the city's rapidly growing job market, shopping, and the World Equestrian Center. Set on a sprawling * * 0.61-acre lot * * that is * * not in a flood zone * * (Zone X), this property is a standout choice for an income-producing rental or a high-equity flip. With * * low annual taxes * * and * * no HOA fees * * , your overhead remains minimal while you capitalize on the massive, usable yard. High, dry, and priced to move at * * $130,000 * * , this is a rare chance to secure a versatile asset in one of Florida's most sought-after outdoor recreation hubs. * * Cash offers only. * *

18. 2023-08-16
    historical
19. 2023-06-07
    listed $120,000 Active
20. 2016-12-13
    soldstatus $16,500
21. 1989-08-01
    soldstatus $26,000
22. 1988-12-01
    soldstatus $26,000

ⓘ 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: $1,110 · $93/mo
• Projected year-2 tax: $1,110 · $93/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 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,909
• − Mortgage interest: −$5,882
• − Property taxes: −$1,110
• − Insurance: −$525
• − Repairs & maintenance: −$1,353
• − Management: −$1,353
• − Depreciation: −$3,055
• Taxable income: $3,632
• Est. tax owed @ 24.0%: −$872
• After-tax cash flow: $4,244/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 East

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 11,525

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: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Serbian 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 90% English-only · Spanish 7% Other Indo-European 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: ▼ -80.45%
• Current HPI: 227.3763
• Rent YoY: —
• Metro: —
• 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

+392.3% since first listed

7 events — show timeline

• 2026-04-28 Price Changed $128,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-06-07 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2016-12-13 Sold (Public Records) $16,500 Public Records
• 1989-08-01 Sold (Public Records) $26,000 Public Records
• 1988-12-01 Sold (Public Records) $26,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,110 · +17.2% YoY. Source: county tax records.