223 Malauka Rd · Silver Springs Shores East, FL 32179

$214,900

3 bd · 2.0 ba · 1,191 sqft · SingleFamily public records · 34 Days on market

Built 2023 10,019 sqft lot $180/sqft · 7% below area Est $231k · 7% under ↓ 4% since listing

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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).

• Cash flow +11.3/30.0
• ARV discount +10.7/15.0
• Schools +3.6/10.0
• 1% rule +3.4/10.0
• DSCR +3.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

One or more photo(s) has been virtually staged. Welcome to this beautifully built 2023 single-family home in Ocklawaha, offering 3 bedrooms, 2 bathrooms, and 1,191 square feet of thoughtfully designed living space. Step inside to an inviting open floorplan enhanced by vaulted ceilings in the main living area, creating a bright and airy atmosphere. The kitchen is well-appointed with stainless steel appliances, generous counter space, and ample cabinetry, along with a convenient dining area just off the kitchen. A large sliding glass door fills the space with natural light and provides easy access to the backyard. The primary bedroom serves as a comfortable retreat, featuring an en suite bath

Key facts

• Ample cabinetry
• Open floorplan
• Vaulted ceilings

Tags

• OPEN FLOORPLAN
• VAULTED CEILINGS
• STAINLESS STEEL APPLIANCES
• GENEROUS COUNTER SPACE
• AMPLE CABINETRY
• LARGE SLIDING GLASS DOOR

Property features AI

Finance

• Other: Property zoned R1; Total acreage approximately 0.23 acres; Asphalt/paved road access
• HOA & community: Pets allowed

Exterior

• Parking: Driveway; Attached garage with 1 garage space and garage door opener
• Utilities: Well water; Septic tank; Electricity connected; Cable available
• Home design: Single-family residence; One story; Faces south
• Construction: Shingle roof; Slab foundation
• Exterior features: Vinyl siding; Private mailbox; Sliding doors; Other exterior features

Interior

• Kitchen: Dishwasher; Range; Range hood; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open floor plan; Split bedroom layout; Vaulted ceilings; Walk-in closets
• Laundry & utility: Inside laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $-80 ($-956/yr) — negative.
• To cash-flow at today's rent, offer at most $201k (6.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $180k (16.4% below list).
• Recommended offer: $180k (16.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — 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.
• Zoned schools: Stanton-Weirsdale Elementary School (math 42% / reading 36%, grade F, #1,560 of 2,144 statewide, top 73%, 544 students, 70% 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: 431 active listings in the ZIP; 9 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).
• At $1,797/mo this rent would consume 46% of the median local household income ($47k/yr) (locally 303% 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 $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.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($208k) 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $179,676 (16.4% 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 34 days. Have you received any prior offers? Is the seller open to a 16% 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. 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?
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: 0.84% ✗
• Cap rate: 5.85%
• Cash-on-cash: -1.59%
• DSCR: 0.93
• GRM: 10.0

CMA / ARV

• ARV (median comp): $231,418
• List price: $214,900
• Delta: -7.14%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3 Malauka Radial Ct	0.39mi	3/2.0	1,170 (-2%)	7mo	$214,000	$183	73
246 Malauka Loop	0.40mi	3/2.0	1,089 (-9%)	23mo	$219,900	$202	48
234 Malauka Loop	0.39mi	3/2.0	1,323 (+11%)	19mo	$249,000	$188	47
41 Malauka Ln	0.69mi	3/2.0	1,231 (+3%)	24mo	$225,000	$183	43
44 Malauka Ln	0.66mi	3/2.0	1,304 (+10%)	18mo	$269,500	$207	38

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: -18.9%
• Equity multiple: 0.34×
• Total profit: $-39,860
• Equity at exit: $32,042

10-year hold

• IRR: -11.4%
• Equity multiple: 0.32×
• Total profit: $-41,097
• Equity at exit: $18,581

Cash invested: $60,172 (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 32179

• Home prices YoY: -18.3%
• Active inventory: 431
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,797 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$283 /mo · $3,391/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$377
• Net cashflow: $-80

Break-even live

Break-even rent $1,898

Max offer price $200,829

Occupancy floor 99%

Sensitivity live

Price	-10% $42	-5% $-19	+0% $-80	+5% $-140	+10% $-201
Rent	-10% $-222	-5% $-151	+0% $-80	+5% $-9	+10% $62
Rate	-1.0pp $29	-0.5pp $-25	base $-80	+0.5pp $-135	+1.0pp $-192

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
338 Malauka Loop Ocklawaha, FL	3.0	2.0	1311	$1,895	$1.45	15d	1	0.18mi
17 Malauka Loop Pl Ocklawaha, FL	3.0	2.0	1322	$1,550	$1.17	15d	1	0.19mi
24 Malauka Loop Pl Ocklawaha, FL	3.0	2.0	1319	$1,625	$1.23	15d	1	0.21mi
35 Malauka Cir Ocklawaha, FL	3.0	2.0	1371	$1,700	$1.24	23d	1	0.24mi
9 Malauka Loop Ocklawaha, FL	3.0	2.0	1389	$1,625	$1.17	23d	1	0.31mi
9 Malauka Loop Ln Ocklawaha, FL	3.0	2.0	1319	$1,625	$1.23	23d	1	0.31mi
205 Malauka Loop Ocklawaha, FL	3.0	2.0	1311	$1,695	$1.29	15d	1	0.38mi
122 Malauka Loop Ocklawaha, FL	3.0	2.0	1323	$1,675	$1.27	23d	1	0.61mi
3 Fisher Place Dr Ocklawaha, FL	3.0	2.0	1350	$1,640	$1.21	23d	1	1.12mi

Listing history 12 events

1. 2026-06-09
   status $214,900 Pending 34 DOM
2. 2026-06-08
   days on market $214,900 Active 34 DOM
3. 2026-06-07
   days on market $214,900 Active 33 DOM
4. 2026-06-03
   days on market $214,900 Active 29 DOM
5. 2026-06-02
   days on market $214,900 Active 28 DOM
6. 2026-06-01
   days on market $214,900 Active 27 DOM
7. 2026-05-31
   days on market $214,900 Active 26 DOM
8. 2026-05-30
   days on market $214,900 Active 25 DOM
9. 2026-05-05
   listed $214,900 Active 1290-char remark
10. 2025-07-12
    historical $1,495
11. 2025-06-10
    listed $1,495
12. 2023-12-22
    soldstatus $225,000

ⓘ 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: $3,391 · $283/mo
• Projected year-2 tax: $3,391 · $283/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 · 21 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: $21,561
• − Mortgage interest: −$12,038
• − Property taxes: −$3,391
• − Insurance: −$1,074
• − Repairs & maintenance: −$1,725
• − Management: −$1,725
• − Depreciation: −$6,252
• Taxable loss: −$4,644
• Est. tax savings @ 24.0%: +$1,114
• After-tax cash flow: $159/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

• Census place: Silver Springs Shores East, FL
• County: Marion County · 315,796 people
• Metro: Ocala, FL
• Population (ZIP): 9,318
• Household income: $46,512
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 303.0

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: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 12% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 3%
• Common ancestry: Slovak 4% Romanian 2% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

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: ▼ -54.21%
• Current HPI: 242.0408
• 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

-4.5% since first listed

5 events — show timeline

• 2026-06-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Listed $214,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-12 Rental Removed $1,495 TENANTTURNER2
• 2025-06-10 Listed for Rent $1,495 TENANTTURNER2
• 2023-12-22 Sold (Public Records) $225,000 Public Records

Property tax history

+43.5%/yr

Latest (2025): $3,391 · +25.0% YoY. Source: county tax records.