14179 NE 53rd Court Rd · Silver Springs, FL 32113

$168,900

3 bd · 3.0 ba · 1,848 sqft · Manufactured public records · 20 Days on market

Built 1990 6.62 ac lot

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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 +17.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• 1% rule +3.7/10.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Almost 7 acres overlooking prairie has variety of large trees including oaks and palms. Relax under the sun on front 10x28 wood deck or enjoy the shade under covered 12x34 screen pad on back of home. Also includes attached 12x16 storage area and detached 20x16 workshop for all your tools and garden equipment. TLC needed on property & being sold in as-is condition w/ right to inspect. Portion of the vacant property falls in 100 year flood plain.

Key facts

• Paved road
• Metal roof
• Corian countertops

Tags

• RURAL ACRES
• PAVED ROAD
• METAL ROOF
• PRIVATE WELL
• CORIAN COUNTERTOPS
• UPDATED BATHROOMS

Property features AI

Finance

• Other: Located on approximately 6.62 acres
• Financial info: Property is homesteaded
• HOA & community: No HOA/association

Exterior

• Parking: Carport with 2 spaces
• Utilities: Well water; Septic tank; Other utilities
• Home design: Manufactured single-wide home; One level; Faces east
• Construction: Vinyl siding; Metal roof; Other foundation
• Exterior features: Other exterior features

Interior

• Kitchen: No appliances listed
• Bedrooms: 4 bedrooms
• Flooring: Carpet; Linoleum
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath manufactured listed at $169k.

Deal economics

• At list price, monthly cash flow is $0 ($1/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $147k (12.7% below list).
• Recommended offer: $147k (12.7% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.6% in Silver Springs — 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 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: Fort Mccoy School (math 35% / reading 35%, grade F, #1,697 of 2,144 statewide, top 80%, 964 students, 73% FRL); North Marion High School (math 20% / reading 32%, grade F, #494 of 667 statewide, top 75%, 1,303 students, 66% FRL).
• Zoned-school proficiency averages 30% at this address vs 42% district-wide (-12 pts) — the specific schools serving this property underperform the Marion average; the district grade overstates school quality for this exact location.
• Market conditions: 144 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 $1k of loan paydown is wiped out by about $5k 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 20 days — a 2% lower offer ($166k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 17y 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 $45k; list at $169k implies a 275% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; severe 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 $147,460 (12.7% 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. 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?
4. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
5. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
6. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
7. 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.
8. 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.
9. 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: 0.87% ✗
• Cap rate: 7.18%
• Cash-on-cash: 3.18%
• DSCR: 1.14
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -16.3%
• Equity multiple: 0.42×
• Total profit: $-27,345
• Equity at exit: $25,184

10-year hold

• IRR: -8.0%
• Equity multiple: 0.50×
• Total profit: $-23,723
• Equity at exit: $14,603

Cash invested: $47,292 (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 32113

• Home prices YoY: -5.5%
• Active inventory: 144
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,475 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$84 /mo · $1,003/yr
• Insurance: −$70
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $0

Break-even live

Break-even rent $1,475

Max offer price $168,900

Occupancy floor 95%

Sensitivity live

Price	-10% $96	-5% $48	+0% $0	+5% $-48	+10% $-96
Rent	-10% $-116	-5% $-58	+0% $0	+5% $58	+10% $117
Rate	-1.0pp $85	-0.5pp $43	base $0	+0.5pp $-44	+1.0pp $-88

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: $42,225
• Closing costs: $5,067
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $168,900 Active 20 DOM
2. 2026-06-18
   days on market $168,900 Active 17 DOM
3. 2026-06-17
   days on market $168,900 Active 16 DOM
4. 2026-06-16
   days on market $168,900 Active 15 DOM
5. 2026-06-15
   days on market $168,900 Active 14 DOM
6. 2026-06-14
   days on market $168,900 Active 12 DOM
7. 2026-06-13
   days on market $168,900 Active 11 DOM
8. 2026-06-10
   days on market $168,900 Active 9 DOM
9. 2026-06-09
   days on market $168,900 Active 8 DOM
10. 2026-06-08
    days on market $168,900 Active 7 DOM
11. 2026-06-07
    days on market $168,900 Active 6 DOM
12. 2026-06-03
    days on market $168,900 Active 2 DOM
13. 2026-06-02
    remarks 432-char remark
14. 2026-06-02
    pricestatusdays on marketlisting id $168,900 Active 1 DOM
15. 2026-03-11
    listed $199,900 Active 140-char remark
16. 2014-02-04
    soldstatus $45,000
17. 2014-01-29
    soldstatus $45,000 454-char remark

    Show marketing remark (454 chars)

    Almost 7 acres overlooking prairie has variety of large trees including oaks and palms. Relax under the sun on front 10x28 wood deck or enjoy the shade under covered 12x34 screen pad on back of home. Also includes attached 12x16 storage area and detached 20x16 workshop for all your tools and garden equipment. TLC needed on property & being sold in as-is condition w/ right to inspect. Portion of the vacant property falls in 100 year flood plain.

18. 2013-05-30
    listed $55,900 454-char remark

    Show marketing remark (454 chars)

    Almost 7 acres overlooking prairie has variety of large trees including oaks and palms. Relax under the sun on front 10x28 wood deck or enjoy the shade under covered 12x34 screen pad on back of home. Also includes attached 12x16 storage area and detached 20x16 workshop for all your tools and garden equipment. TLC needed on property & being sold in as-is condition w/ right to inspect. Portion of the vacant property falls in 100 year flood plain.

19. 2010-09-02
    historical
20. 2009-09-01
    listed $125,000
21. 2008-01-29
    soldstatus $122,000
22. 2000-10-06
    soldstatus $48,000
23. 1994-05-11
    soldstatus $23,900
24. 1991-08-01
    soldstatus $15,995

ⓘ 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: $1,003 · $84/mo
• Projected year-2 tax: $1,402 · $117/mo
• Expected delta: +$399/yr (+$33/mo · 39.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone A · 0% chance over 30 yrs
• 🔥 Wildfire 8/10 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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,695
• − Mortgage interest: −$9,461
• − Property taxes: −$1,003
• − Insurance: −$2,347
• − Repairs & maintenance: −$1,416
• − Management: −$1,416
• − Depreciation: −$4,913
• Taxable loss: −$2,860
• Est. tax savings @ 24.0%: +$686
• After-tax cash flow: $687/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

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

Census & demographics

• Population (ZIP): 5,382

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 (67%)
• Race & ethnicity: White 67% Black 12% Two or more races 11% Hispanic / Latino 10%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Cuban 1%
• Common ancestry: Iranian 3% Serbian 2% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6% 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: ▼ -16.68%
• Current HPI: 284.1669
• 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

+956.0% since first listed

12 events — show timeline

• 2026-06-01 Listed $168,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-24 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-11 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2014-02-04 Sold (Public Records) $45,000 Public Records
• 2014-01-29 Sold (MLS) $45,000 Stellar MLS as Distributed by MLS Grid
• 2013-05-30 Listed $55,900 Stellar MLS as Distributed by MLS Grid
• 2010-09-02 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2009-09-01 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2008-01-29 Sold (Public Records) $122,000 Public Records
• 2000-10-06 Sold (Public Records) $48,000 Public Records
• 1994-05-11 Sold (Public Records) $23,900 Public Records
• 1991-08-01 Sold (Public Records) $15,995 Public Records

Property tax history

+0.4%/yr

Latest (2025): $1,003 · +27.6% YoY. Source: county tax records.