627 Midway Dr Unit B · Silver Springs Shores, FL 34472

$95,000

2 bd · 1.5 ba · 986 sqft · Condo public records · 552 Days on market

Built 1972 Fair condition $96/sqft · 12% below area Est $108k · 12% under $188/mo HOA · 14% of rent

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Why this score? — see what drove the B 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 +24.8/30.0
• ARV discount +12.8/15.0
• 1% rule +9.5/10.0
• DSCR +8.0/10.0
• Appreciation +8.0/10.0
• Schools +3.5/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Beautiful view of lake from this 2/1.5 upstairs condo in Silver Springs Shores steps away from the golf course. Perfect for year round living, snowbirds or as an investment property. Being sold 'AS IS". Contents currently in unit stay with property.

Key facts

• View of lake
• Upstairs condo
• $188 HOA

Tags

• VIEW OF LAKE
• UPSTAIRS CONDO
• STEPS AWAY FROM GOLF COURSE

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $95k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $201 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 4.9% in Silver Springs Shores — 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 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; 856 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals lingering (median 70d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 7,071 units permitted in Marion County in 2024 (534 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($657 loan paydown + $6k appreciation (5.9% local appreciation)).
• Marion County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.9% appreciation + 0.2% rent growth), your $27k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 552 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 3y ago; this cycle's ask has dropped $20k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $57k; list at $95k implies a 67% 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 $83,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 552 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.45% ✓
• Cap rate: 8.84%
• Cash-on-cash: 9.08%
• DSCR: 1.40
• GRM: 5.8

CMA / ARV

• ARV (median comp): $107,745
• List price: $95,000
• Delta: -11.83%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
597 Midway Dr Unit A	0.06mi	2/1.5	1,054 (+7%)	3mo	$120,000	$114	83
727 Midway Dr Unit A	0.21mi	2/1.5	1,027 (+4%)	2mo	$146,500	$143	81
566 Fairways Cir Unit B	0.22mi	2/2.0	1,072 (+9%)	3mo	$135,000	$126	70
602 Midway Dr Unit A	0.09mi	2/2.0	1,138 (+15%)	1mo	$130,000	$114	68
574 Midway Dr Unit B	0.15mi	2/2.0	1,138 (+15%)	2mo	$85,000	$75	64
535 Midway Dr Unit B	0.13mi	1/1.0 (-1)	844 (-14%)	4mo	$85,000	$101	60
467 SE Midway Dr Unit A	0.25mi	2/2.0	1,138 (+15%)	2mo	$126,000	$111	60
515 Fairways Ln Unit B	0.36mi	2/2.0	1,113 (+13%)	1mo	$64,000	$58	59
580 Fairways Cir Unit A	0.19mi	1/1.0 (-1)	764 (-22%)	2mo	$55,000	$72	58
572 Bahia Cir Unit B 205	0.35mi	1/1.0 (-1)	844 (-14%)	3mo	$50,000	$59	50
7990 Midway Drive Ter Unit M101	0.55mi	2/2.0	840 (-15%)	2mo	$113,000	$135	46
510 Palm Ln	1.42mi	2/1.0	1,204 (+22%)	2mo	$197,000	$164	37

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: 20.9%
• Equity multiple: 2.36×
• Total profit: $36,216
• Equity at exit: $59,316

10-year hold

• IRR: 18.7%
• Equity multiple: 4.38×
• Total profit: $90,024
• Equity at exit: $107,220

Cash invested: $26,600 (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 →

Active competition Active MLS

• For sale now: 3 active · 4 under contract
• Median asking: $145,000 ($137/sqft)
• Median days on market: 244 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -20.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 34472

• Home prices YoY: 2.4%
• Rents YoY: 0.2%
• Active inventory: 856
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,377 high
• Mortgage (P&I): −$498
• Tax from tax record: −$161 /mo · $1,927/yr
• Insurance: −$40
• HOA: −$188
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $201

Break-even live

Break-even rent $1,122

Max offer price $95,000

Occupancy floor 80%

Sensitivity live

Price	-10% $255	-5% $228	+0% $201	+5% $174	+10% $147
Rent	-10% $92	-5% $147	+0% $201	+5% $256	+10% $310
Rate	-1.0pp $249	-0.5pp $225	base $201	+0.5pp $177	+1.0pp $152

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: $23,750
• Closing costs: $2,850
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
608 Midway Dr Unit A Ocala, FL	2.0	1.5	1054	$1,500	$1.42	62d	1	0.07mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	70d	1	0.14mi
681 Midway Dr Unit A Ocala, FL	2.0	2.0	1000	$1,250	$1.25	62d	1	0.14mi
520 Fairways Cir Unit A Ocala, FL	2.0	1.5	1027	$1,100	$1.07	70d	1	0.27mi
561 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,250	$1.21	70d	1	0.28mi
548 Fairways Cir Unit C102 Ocala, FL	2.0	2.0	850	$1,400	$1.65	70d	1	0.29mi
510 Fairways Cir Unit A Ocala, FL	2.0	2.0	1000	$1,299	$1.30	70d	1	0.29mi
454 Fairways Cir Ocala, FL	2.0	2.0	837	$1,200	$1.43	70d	1	0.29mi
454 Fairways Cir Unit B204 Ocala, FL	2.0	2.0	837	$1,289	$1.54	70d	1	0.30mi
454 Fairways Cir Unit B203 Ocala, FL	2.0	2.0	850	$1,375	$1.62	70d	1	0.30mi
549 Fairways Dr Unit A Ocala, FL	2.0	2.0	1072	$1,200	$1.12	70d	1	0.31mi
593 Fairways Cir Unit A Ocala, FL	2.0	1.5	1031	$1,200	$1.16	70d	1	0.32mi
633 Silver Pass Unit B Ocala, FL	2.0	2.0	1072	$1,500	$1.40	70d	1	0.32mi
532 Bahia Cir Unit A Ocala, FL	2.0	1.5	1027	$1,300	$1.27	70d	1	0.34mi
567 Midway Trak Unit H201 Ocala, FL	3.0	2.0	1029	$1,350	$1.31	62d	1	0.34mi
576 Fairways Ln Unit M104 Ocala, FL	2.0	2.0	837	$1,250	$1.49	70d	1	0.37mi
7817 Midway Drive Ter Unit A103 Ocala, FL	1.0	1.0	729	$1,300	$1.78	70d	1	0.38mi
544 Silver Crse Ocala, FL	2.0	1.0	904	$1,395	$1.54	62d	1	0.56mi
54 Pine Trak Unit 104F Ocala, FL	2.0	2.0	832	$1,300	$1.56	70d	1	0.84mi
58 Pine Trak Unit 104D Ocala, FL	2.0	2.0	832	$1,050	$1.26	70d	1	0.85mi
62 Pine Trak Ocala, FL	2.0	2.0	832	$1,250	$1.50	70d	1	0.88mi
162 Bahia Terrace Dr Ocala, FL	2.0	2.0	984	$1,375	$1.40	70d	1	1.20mi
12 Spring Loop Ocala, FL	2.0	1.0	900	$1,350	$1.50	62d	1	1.29mi

HOA detail $188/mo · $2,256/yr condo

• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-08-08
   days on market $95,000 Active 552 DOM
2. 2026-08-07
   days on market $95,000 Active 551 DOM
3. 2026-08-06
   days on market $95,000 Active 550 DOM
4. 2026-08-05
   days on market $95,000 Active 549 DOM
5. 2026-08-03
   days on market $95,000 Active 547 DOM
6. 2026-07-31
   days on market $95,000 Active 544 DOM
7. 2026-07-30
   days on market $95,000 Active 543 DOM
8. 2026-07-29
   days on market $95,000 Active 542 DOM
9. 2026-07-27
   days on market $95,000 Active 540 DOM
10. 2026-07-25
    days on market $95,000 Active 538 DOM
11. 2026-07-23
    days on market $95,000 Active 536 DOM
12. 2026-07-22
    days on market $95,000 Active 535 DOM
13. 2026-07-21
    days on market $95,000 Active 534 DOM
14. 2026-07-18
    days on market $95,000 Active 531 DOM
15. 2026-07-16
    days on market $95,000 Active 529 DOM
16. 2026-07-16
    days on market $95,000 Active 528 DOM
17. 2026-07-14
    days on market $95,000 Active 527 DOM
18. 2026-07-13
    days on market $95,000 Active 526 DOM
19. 2026-07-12
    days on market $95,000 Active 525 DOM
20. 2026-07-11
    days on market $95,000 Active 524 DOM
21. 2026-07-10
    days on market $95,000 Active 523 DOM
22. 2026-07-10
    days on market $95,000 Active 522 DOM
23. 2026-07-08
    days on market $95,000 Active 521 DOM
24. 2026-07-07
    days on market $95,000 Active 520 DOM
25. 2026-07-06
    days on market $95,000 Active 519 DOM
26. 2026-07-05
    days on market $95,000 Active 518 DOM
27. 2026-07-04
    days on market $95,000 Active 517 DOM
28. 2026-07-03
    days on market $95,000 Active 516 DOM
29. 2026-07-02
    days on market $95,000 Active 515 DOM
30. 2026-07-01
    days on market $95,000 Active 514 DOM
31. 2026-06-30
    days on market $95,000 Active 513 DOM
32. 2026-06-29
    days on market $95,000 Active 512 DOM
33. 2026-06-28
    days on market $95,000 Active 511 DOM
34. 2026-06-28
    days on market $95,000 Active 510 DOM
35. 2026-06-27
    days on market $95,000 Active 509 DOM
36. 2026-06-25
    days on market $95,000 Active 507 DOM
37. 2026-06-23
    days on market $95,000 Active 505 DOM
38. 2026-06-22
    days on market $95,000 Active 504 DOM
39. 2026-06-18
    days on market $95,000 Active 501 DOM
40. 2026-06-17
    days on market $95,000 Active 500 DOM
41. 2026-06-16
    days on market $95,000 Active 499 DOM
42. 2026-06-15
    days on market $95,000 Active 498 DOM
43. 2026-06-14
    days on market $95,000 Active 496 DOM
44. 2026-06-13
    days on market $95,000 Active 495 DOM
45. 2026-06-10
    days on market $95,000 Active 493 DOM
46. 2026-06-09
    days on market $95,000 Active 492 DOM
47. 2026-06-08
    days on market $95,000 Active 491 DOM
48. 2026-06-07
    days on market $95,000 Active 490 DOM
49. 2026-06-03
    days on market $95,000 Active 486 DOM
50. 2026-06-02
    days on market $95,000 Active 485 DOM

ⓘ 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: $1,927 · $161/mo
• Projected year-2 tax: $1,927 · $161/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 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: $16,520
• − Mortgage interest: −$5,321
• − Property taxes: −$1,927
• − Insurance: −$475
• − Repairs & maintenance: −$1,322
• − Management: −$1,322
• − HOA: −$2,256
• − Depreciation: −$2,764
• Taxable income: $1,134
• Est. tax owed @ 24.0%: −$272
• After-tax cash flow: $2,143/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.

Condition & rehab AI · 9 photos

Fair 45/100 Cosmetic rehab Est. rehab $4,930–$14,790 screening

This property is in fair condition with some minor repairs and maintenance needed. It has a good location with a view of the lake and golf course, making it suitable for year-round living or as an investment property.

Repairs flagged

• Minor Carpet — Visible wear and tear on the carpet.
• Minor Paint — Some visible wear and tear on the paint.

Value-add opportunities

• Both Paint — Refreshing the paint can improve the overall appearance and value of the property. ↑
• Both Carpet — Replacing or reconditioning the carpet can improve the overall appearance and value of the property. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Greenway Elementary School F FL #1,744/2,144 Nat'l #24,299/41,679 Middle Lake Weir Middle School F FL #416/571 Nat'l #7,460/14,009

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

C Composite livability gradescore 68/100

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 · 365,905 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: 14% of renters

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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%

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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%

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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

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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

+295.8% since first listed

20 events — show timeline

• 2026-01-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-10-31 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-26 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-07-08 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-09 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-08-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-08-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-05-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2024-05-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-05-03 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-11-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-10-17 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-13 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2005-01-24 Sold (Public Records) $56,900 Public Records
• 2003-08-13 Sold (Public Records) $40,000 Public Records
• 1978-02-01 Sold (Public Records) $26,500 Public Records
• 1974-04-01 Sold (Public Records) $24,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $1,927 · +13.8% YoY. Source: county tax records.