160 Hickory Course Loop · Silver Springs Shores, FL 34472

$290,000

4 bd · 2.0 ba · 1,827 sqft · SingleFamily public records · 19 Days on market

Built 2022 10,454 sqft lot $159/sqft · at area comps Est $287k · at est. $58/mo HOA · 3% of rent ↓ 39% 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 +9.0/30.0
• Appreciation +8.0/10.0
• ARV discount +7.1/15.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0

Listing remarks

Welcome to 160 Hickory Course Loop, a well-maintained Cali model by DR Horton located in a desirable Ocala community. This single-story, open-concept home offers a spacious layout ideal for everyday living and entertaining. The kitchen features ample cabinet space, modern finishes, and overlooks the main living area, creating a seamless flow throughout the home. The primary suite includes a private bath and generous closet space, while additional bedrooms provide flexibility for guests, home office, or hobbies. Enjoy the convenience of newer construction, energy-efficient features, and a low-maintenance lifestyle. Ideally situated near shopping, dining, schools, and major roadways, with eas

Key facts

• Golf course frontage
• Screened lanai
• Oversized lot

Tags

• GOLF COURSE FRONTAGE
• PRIVATE GATED COMMUNITY
• OVERSIZED LOT
• SCREENED LANAI
• UPGRADED TILE FLOOR
• INDOOR OUTDOOR LIVING SPACE

Property features AI

Finance

• Other: Pet friendly; Total acreage: less than 1/4 acre
• HOA & community: Has HOA — $58 monthly

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single family residence; One story; Facing southeast; Completed condition; PUD zoning
• Construction: Block construction; Shingle roof; Slab foundation; Built by D.R. Horton (CALI model)
• Exterior features: Sliding doors; Concrete and paved road access

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Living room and dining room combo; Walk-in closets
• Laundry & utility: Inside laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $-230 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (14.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (27.3% below list).
• Recommended offer: $211k (27.3% 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: 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; 683 active listings in the ZIP; 16 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 39% 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 $19k of equity ($2k loan paydown + $17k 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 2, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 19 days — a 2% lower offer ($286k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y 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.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,785 (27.3% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.73% ✗
• Cap rate: 5.34%
• Cash-on-cash: -3.40%
• DSCR: 0.85
• GRM: 11.5

CMA / ARV

• ARV (median comp): $287,391
• List price: $290,000
• Delta: 4.04%
• Verdict: FAIR
• Comps: 2 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
342 Hickory Course Trl	0.32mi	4/2.0	1,828 (+0%)	14mo	$318,990	$175	73
80 Hickory Course Loop	0.14mi	3/2.0 (-1)	1,672 (-8%)	6mo	$250,000	$150	70
3 Fir Trl	0.50mi	3/2.0 (-1)	1,776 (-3%)	4mo	$359,000	$202	63
60 Fir Dr	0.47mi	3/2.0 (-1)	1,608 (-12%)	6mo	$280,000	$174	48
9 Fir Trail Pass	0.41mi	3/2.0 (-1)	1,594 (-13%)	12mo	$230,000	$144	45
10 Bahia Trace Loop	0.51mi	3/2.0 (-1)	2,000 (+10%)	18mo	$360,000	$180	40
19 Hemlock Run	0.74mi	4/3.0	1,990 (+9%)	22mo	$320,000	$161	28

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

Projected returns pro-forma

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

5-year hold

• IRR: 11.4%
• Equity multiple: 1.76×
• Total profit: $62,057
• Equity at exit: $181,071

10-year hold

• IRR: 11.6%
• Equity multiple: 3.26×
• Total profit: $183,687
• Equity at exit: $327,303

Cash invested: $81,200 (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: 11.5×

Monthly cashflow live

• Estimated rent: $2,108 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$195 /mo · $2,345/yr
• Insurance: −$121
• HOA: −$58
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $-230

Break-even live

Break-even rent $2,399

Max offer price $249,395

Occupancy floor —

Sensitivity live

Price	-10% $-66	-5% $-148	+0% $-230	+5% $-312	+10% $-394
Rent	-10% $-396	-5% $-313	+0% $-230	+5% $-147	+10% $-63
Rate	-1.0pp $-84	-0.5pp $-156	base $-230	+0.5pp $-305	+1.0pp $-381

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
136 Hickory Course Loop Ocala, FL	4.0	2.0	1828	$1,990	$1.09	15d	1	0.05mi
149 Hickory Course Cir Ocala, FL	4.0	2.0	1827	$2,100	$1.15	15d	1	0.19mi
5 Hickory Course Loop Ocala, FL	4.0	2.0	2319	$2,650	$1.14	15d	1	0.25mi
492 Hickory Course Loop Ocala, FL	4.0	2.0	1483	$1,750	$1.18	23d	1	0.39mi
308 Hickory Course Radl Ocala, FL	3.0	2.0	1397	$1,650	$1.18	23d	1	0.49mi
51 Hickory Course Trl Ocala, FL	4.0	2.0	2319	$2,300	$0.99	15d	1	0.60mi
45 Redwood Run Ocala, FL	3.0	2.0	1435	$1,695	$1.18	23d	1	0.80mi
7044 Hemlock Crse Ocala, FL	3.0	2.0	1270	$1,897	$1.49	15d	1	0.87mi
7184 Hemlock Loop Ocala, FL	3.0	2.0	1392	$1,675	$1.20	23d	1	0.91mi
6875 SE 52nd St Ocala, FL	3.0	2.0	1624	$1,750	$1.08	23d	1	1.19mi
13 Redwood Trace Ln Ocala, FL	3.0	2.0	1337	$1,595	$1.19	23d	1	1.23mi
106 Redwood Track Crse Ocala, FL	3.0	2.0	1412	$1,675	$1.19	15d	1	1.23mi
38 Pecan Run Pass Ocala, FL	4.0	2.5	2086	$2,100	$1.01	23d	1	1.33mi
705 Lake Diamond Ave Ocala, FL	4.0	2.0	2588	$1,800	$0.70	23d	1	1.38mi
5614 Pecan Rd Ocala, FL	3.0	2.0	1337	$1,595	$1.19	23d	1	1.46mi
19 Pecan Pass Ter Ocala, FL	3.0	2.0	1368	$1,750	$1.28	23d	1	1.46mi

HOA detail

• Monthly dues: $58 · $696/yr

Listing history 39 events

1. 2026-06-21
   days on market $290,000 Active 19 DOM
2. 2026-06-18
   days on market $290,000 Active 16 DOM
3. 2026-06-17
   days on market $290,000 Active 15 DOM
4. 2026-06-16
   days on market $290,000 Active 14 DOM
5. 2026-06-15
   days on market $290,000 Active 13 DOM
6. 2026-06-14
   days on market $290,000 Active 11 DOM
7. 2026-06-13
   days on market $290,000 Active 10 DOM
8. 2026-06-10
   days on market $290,000 Active 8 DOM
9. 2026-06-09
   days on market $290,000 Active 7 DOM
10. 2026-06-08
    days on market $290,000 Active 6 DOM
11. 2026-06-07
    days on market $290,000 Active 5 DOM
12. 2026-06-03
    pricedays on marketlisting id $290,000 Active 1 DOM
13. 2026-05-31
    days on market $299,000 Active 118 DOM
14. 2026-05-30
    days on market $299,000 Active 117 DOM
15. 2026-04-03
    price $299,000 862-char remark
16. 2026-02-02
    listed $310,000 Active 862-char remark
17. 2025-12-31
    historical
18. 2025-09-25
    listed $310,000 Active
19. 2025-09-23
    historical
20. 2025-07-08
    price $299,990
21. 2025-06-07
    price $316,999
22. 2025-05-20
    listed $321,999 Active
23. 2022-09-30
    soldstatus $299,990 Closed
24. 2022-08-22
    status Pending
25. 2022-08-12
    price $299,990
26. 2022-08-09
    price $309,990
27. 2022-07-27
    price $314,990
28. 2022-07-19
    price $319,990
29. 2022-07-12
    price $324,990
30. 2022-07-11
    price $328,990
31. 2022-07-06
    price $329,990
32. 2022-06-28
    price $343,990
33. 2022-06-27
    price $344,990
34. 2022-06-27
    price $338,990
35. 2022-06-14
    price $344,990
36. 2022-06-07
    price $349,990
37. 2022-06-06
    price $364,990
38. 2022-06-01
    listed $374,990 Active
39. 2021-12-16
    soldstatus $474,000

ⓘ 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: $2,345 · $195/mo
• Projected year-2 tax: $2,407 · $201/mo
• Expected delta: +$62/yr (+$5/mo · 2.6%)

ⓘ 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 4/10 Moderate
• 🌡 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: $25,294
• − Mortgage interest: −$16,245
• − Property taxes: −$2,345
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,024
• − Management: −$2,024
• − HOA: −$696
• − Depreciation: −$8,436
• Taxable loss: −$7,925
• Est. tax savings @ 24.0%: +$1,902
• After-tax cash flow: $-856/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
• 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

-38.8% since first listed

27 events — show timeline

• 2026-06-02 Listed $290,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-03 Price Changed $299,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Listed $310,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-25 Listed $310,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Price Changed $299,990 Stellar MLS as Distributed by MLS Grid
• 2025-06-07 Price Changed $316,999 Stellar MLS as Distributed by MLS Grid
• 2025-05-20 Listed $321,999 Stellar MLS as Distributed by MLS Grid
• 2022-09-30 Sold (MLS) $299,990 Stellar MLS as Distributed by MLS Grid
• 2022-08-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-08-12 Price Changed $299,990 Stellar MLS as Distributed by MLS Grid
• 2022-08-09 Price Changed $309,990 Stellar MLS as Distributed by MLS Grid
• 2022-07-27 Price Changed $314,990 Stellar MLS as Distributed by MLS Grid
• 2022-07-19 Price Changed $319,990 Stellar MLS as Distributed by MLS Grid
• 2022-07-12 Price Changed $324,990 Stellar MLS as Distributed by MLS Grid
• 2022-07-11 Price Changed $328,990 Stellar MLS as Distributed by MLS Grid
• 2022-07-06 Price Changed $329,990 Stellar MLS as Distributed by MLS Grid
• 2022-06-28 Price Changed $343,990 Stellar MLS as Distributed by MLS Grid
• 2022-06-27 Price Changed $344,990 Stellar MLS as Distributed by MLS Grid
• 2022-06-27 Price Changed $338,990 Stellar MLS as Distributed by MLS Grid
• 2022-06-14 Price Changed $344,990 Stellar MLS as Distributed by MLS Grid
• 2022-06-07 Price Changed $349,990 Stellar MLS as Distributed by MLS Grid
• 2022-06-06 Price Changed $364,990 Stellar MLS as Distributed by MLS Grid
• 2022-06-01 Listed $374,990 Stellar MLS as Distributed by MLS Grid
• 2021-12-16 Sold (Public Records) $474,000 Public Records

Property tax history

+53.1%/yr

Latest (2025): $2,345 · +11.7% YoY. Source: county tax records.