6435 NW 61st St · Ocala, FL 34482

$210,000

3 bd · 2.0 ba · 1,075 sqft · SingleFamily public records · 26 Days on market

Built 1997 10,018 sqft lot Est $213k · at est.

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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 +22.7/30.0
• ARV discount +8.1/15.0
• DSCR +7.3/10.0
• 1% rule +5.6/10.0
• Rent growth +5.0/5.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable living at its best! This concrete block, 3 bedroom, 2 bath home is a perfect starter home or investment property. Provides many features such as tile flooring, updated bathrooms and a fenced in backyard. New roof in 2019! This one is move in ready with low homeownership costs, put it on your must see list today!

Key facts

• Roof from 2018
• Well pump is new
• 0.23 acre lot

Tags

• ROOF FROM 2018
• WELL PUMP IS NEW

Property features AI

Finance

• Other: Homestead exemption indicated; Zoned R-1
• HOA & community: No HOA association indicated

Exterior

• Parking: Attached garage (1 car)
• Utilities: Well water; Septic tank; Cable connected; Electricity connected
• Home design: Single family residence; Residential property; One level; Faces east
• Construction: Shingle roof; Slab foundation; Built on lot smaller than 1/4 acre (approximately 0.23 acres)
• Exterior features: Asphalt, concrete, and paved road access

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Thermostat; Sliding doors
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $293 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $207k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% 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.
• Market conditions: Rents rising fast (+11.1%/yr); 670 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 41% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 + 8.0% rent growth), your $59k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 4 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 $134k; list at $210k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; 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 $206,850 (1.5% below list)

Questions for the listing agent

1. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.06% ✓
• Cap rate: 8.35%
• Cash-on-cash: 7.34%
• DSCR: 1.33
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $212,850
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5931 NW 62nd Pl	0.51mi	3/2.0	1,014 (-6%)	1mo	$219,900	$217	66
6354 NW 61st Ln	0.10mi	3/2.0	1,232 (+15%)	10mo	$225,000	$183	63
6422 NW 62nd Ave	0.09mi	3/2.0	1,232 (+15%)	10mo	$224,000	$182	63
6900 NW 60th Street Rd	0.48mi	2/2.0 (-1)	1,071 (-0%)	17mo	$239,500	$224	58
5831 NW 58th Ter	0.63mi	3/2.0	1,144 (+6%)	13mo	$227,000	$198	49
5810 NW 59th Ave	0.55mi	3/1.5	1,008 (-6%)	19mo	$180,000	$179	46

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -1.5%
• Equity multiple: 0.94×
• Total profit: $-3,570
• Equity at exit: $31,312

10-year hold

• IRR: 12.9%
• Equity multiple: 2.27×
• Total profit: $74,594
• Equity at exit: $18,157

Cash invested: $58,800 (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 34482

• Rents YoY: 11.1%
• Active inventory: 670
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $2,224 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$209 /mo · $2,509/yr
• Insurance: −$88
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $293

Break-even live

Break-even rent $1,854

Max offer price $210,000

Occupancy floor 82%

Sensitivity live

Price	-10% $412	-5% $352	+0% $293	+5% $234	+10% $174
Rent	-10% $117	-5% $205	+0% $293	+5% $381	+10% $469
Rate	-1.0pp $399	-0.5pp $346	base $293	+0.5pp $239	+1.0pp $183

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6425 NW 62nd Ter Ocala, FL	3.0	2.0	1349	$3,000	$2.22	22d	1	0.28mi
6440 NW 66th Ct Ocala, FL	3.0	2.0	992	$1,695	$1.71	14d	1	0.32mi
6175 NW 59th Ave Ocala, FL	3.0	2.0	1384	$1,745	$1.26	22d	1	0.56mi
5907 NW 64th St Ocala, FL	4.0	2.0	1313	$1,699	$1.29	22d	1	0.58mi
5532 NW 57th Pl Ocala, FL	2.0	2.0	962	$1,295	$1.35	14d	1	0.93mi
5391 NW 55th Ct Ocala, FL	3.0	2.0	1332	$1,650	$1.24	22d	1	1.03mi

Listing history 13 events

1. 2026-05-01
   status Pending
2. 2026-04-22
   price $210,000
3. 2026-04-05
   listed $220,000 Active
4. 2020-11-23
   soldstatus $134,000
5. 2020-11-18
   soldstatus $134,000 324-char remark

   Show marketing remark (17 chars)

   Comp Purpose Only

6. 2020-11-18
   soldstatus $134,000 17-char remark

   Show marketing remark (17 chars)

   Comp Purpose Only

7. 2020-10-16
   listed $134,000 17-char remark

   Show marketing remark (17 chars)

   Comp Purpose Only

8. 2020-10-12
   listed $140,000 324-char remark

   Show marketing remark (324 chars)

   Affordable living at its best! This concrete block, 3 bedroom, 2 bath home is a perfect starter home or investment property. Provides many features such as tile flooring, updated bathrooms and a fenced in backyard. New roof in 2019! This one is move in ready with low homeownership costs, put it on your must see list today!

9. 2018-12-04
   soldstatus $115,000
10. 2018-12-04
    soldstatus $115,000
11. 2018-07-27
    listed $115,000
12. 2000-05-05
    soldstatus $70,000
13. 1996-05-01
    soldstatus $3,300

ⓘ 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: $2,509 · $209/mo
• Projected year-2 tax: $2,509 · $209/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 7/10 Severe FEMA zone X (unshaded) · 98% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°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 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,693
• − Mortgage interest: −$11,763
• − Property taxes: −$2,509
• − Insurance: −$1,847
• − Repairs & maintenance: −$2,135
• − Management: −$2,135
• − Depreciation: −$6,109
• Taxable income: $193
• Est. tax owed @ 24.0%: −$46
• After-tax cash flow: $3,470/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

• County: Marion County · 315,796 people
• City population: 263,375
• Metro: Ocala, FL
• Population (ZIP): 22,807
• Household income: $65,901
• Rent vs Own: 16.7% rent · 83.3% own
• Severe rent burden: 282.0

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: Majority White (63%)
• Race & ethnicity: White 63% Hispanic / Latino 19% Black 14% Two or more races 12%
• Hispanic origin (detail): Mexican 6% Puerto Rican 9% Cuban 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 10% · Canada
• Languages at home: 81% English-only · Spanish 16% 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: ▼ -133.62%
• Current HPI: 194.3857
• Rent YoY: ▲ 11.12%
• 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

+6263.6% since first listed

13 events — show timeline

• 2026-05-01 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-22 Price Changed $210,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-05 Listed $220,000 Stellar MLS as Distributed by MLS Grid
• 2020-11-23 Sold (Public Records) $134,000 Public Records
• 2020-11-18 Sold (MLS) $134,000 Stellar MLS as Distributed by MLS Grid
• 2020-11-18 Sold (MLS) $134,000 Stellar MLS as Distributed by MLS Grid
• 2020-10-16 Listed $134,000 Stellar MLS as Distributed by MLS Grid
• 2020-10-12 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2018-12-04 Sold (Public Records) $115,000 Public Records
• 2018-12-04 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2018-07-27 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2000-05-05 Sold (Public Records) $70,000 Public Records
• 1996-05-01 Sold (Public Records) $3,300 Public Records

Property tax history

+14.9%/yr

Latest (2025): $2,509 · +9.5% YoY. Source: county tax records.