4748 Alfa Ter · North Port, FL 34286

$329,900

4 bd · 2.0 ba · 1,810 sqft · Land · 196 Days on market

Built 2025 10,000 sqft lot $182/sqft · 5% above area Est $313k · 5% over

---

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 +15.6/30.0
• Schools +5.4/10.0
• ARV discount +5.0/15.0
• DSCR +4.8/10.0
• Livability +3.8/5.0
• 1% rule +2.9/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NOW OFFERING A 4.99% RATE ON AN FHA 5/1 ARM PLUS 5K IN CLOSING COSTS OR 3% TOWARDS CLOSING COSTS WITH PREFERRED LENDER. You will love this new construction home with an affordable price and luxury features. It's just what you've been looking for. .. No HOA and with city water! This home has 9'4" tall ceilings, a nice and open layout with a versatile floor plan. Featuring 4 bedrooms, 2 full bathrooms, dining room, a living room, an open kitchen and a 2-car garage with 1810 square feet of living space. The living space is well-utilized with high ceilings and many windows providing natural light. The interior features will provide you with the quality and luxury you were looking for in your new home. This home has a split floor plan with the primary suite on one side of the home and the guest bedrooms on the other. The primary bedroom has a tray ceiling and large windows that let in natural light. You'll also enjoy a resort-style bathroom with a spacious walk-in shower with floor-to-ceiling tiled walls and a glass enclosure. It also features a linen closet, double vanity with mirror and a large walk-in closet. The living room features large windows and several LED fixtures providing plenty of light with access to the covered lanai. The living room is open to the kitchen, where you'll find a huge center island with extra seating for casual dining and plenty of cabinets. The kitchen features stainless steel appliances, Shaker-style cabinets with crown molding, decorative hardware, subway tile backsplash and granite countertops. The dining room is located at the front of the house, with large windows allowing for plenty of natural light. The home includes luxury vinyl plank flooring in the main living areas and bathrooms for durability and comfort. You'll love these floors! They are easy to maintain and offer a modern design, perfect for new homes. Other features include the same beautiful Shaker-style cabinets with hardware and granite countertops in the bathrooms, 5-inch baseboards, a garage door opener, gutters on the exterior, R38 insulation, a 16 SEER HVAC, front yard irrigation and much more. Great location for quick access to shopping, medical conveniences, parks and schools. Visit our model center and compare the features and quality with other homes and you'll see the difference. We make buying easy for you!

Key facts

• Septic tank
• Excellent location
• Potable water

Tags

• SEPTIC TANK
• NO HOA
• EXCELLENT LOCATION
• POTABLE WATER
• OPEN VERSATILE FLOOR PLAN
• SPLIT LAYOUT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath land listed at $330k.

Deal economics

• At list price, monthly cash flow is $138 ($2k/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 $262k (20.6% below list).
• Recommended offer: $262k (20.6% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.6% in North Port — 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 75/100 on livability (#252 in FL, #3,975 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Sarasota (urban): math 63% / reading 63% proficiency, ranked #7 of 73 in FL (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.1%/yr); 837 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 39% of the median local income ($81k/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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Sarasota County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 196 days — a 12% lower offer ($290k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago; this cycle's ask has dropped $18k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $261,916 (20.6% below list)

Questions for the listing agent

1. It's been on market 196 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.79% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.80%
• DSCR: 1.08
• GRM: 10.5

CMA / ARV

• ARV (median comp): $312,722
• List price: $329,900
• Delta: 5.49%
• Verdict: FAIR
• Comps: 3 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -15.3%
• Equity multiple: 0.46×
• Total profit: $-49,678
• Equity at exit: $49,189

10-year hold

• IRR: -9.9%
• Equity multiple: 0.44×
• Total profit: $-51,832
• Equity at exit: $28,524

Cash invested: $92,372 (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 34286

• Home prices YoY: -9.5%
• Rents YoY: 1.1%
• Active inventory: 837
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $2,619 medium
• Mortgage (P&I): −$1,730
• Tax from tax record: −$63 /mo · $758/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$550
• Net cashflow: $138

Break-even live

Break-even rent $2,444

Max offer price $329,900

Occupancy floor 90%

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: $82,475
• Closing costs: $9,897
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
96 Westview Pl Port Charlotte, FL	1.0–3.0	1.0–2.0	1120	$2,303	$2.06	13d	38	0.74mi
293 Cornelius Blvd Port Charlotte, FL	5.0	3.0	2274	$2,495	$1.10	21d	1	1.25mi
14134 Packard Ave Port Charlotte, FL	4.0	2.0	1833	$2,095	$1.14	13d	1	1.33mi
406 Border St Port Charlotte, FL	3.0	2.0	2200	$2,500	$1.14	21d	1	1.42mi

Listing history 17 events

1. 2026-06-05
   status $329,900 Pending 196 DOM
2. 2026-06-03
   days on market $329,900 Active 196 DOM
3. 2026-06-02
   days on market $329,900 Active 195 DOM
4. 2026-06-01
   days on market $329,900 Active 194 DOM
5. 2026-05-31
   days on market $329,900 Active 193 DOM
6. 2025-12-17
   price $329,900 2357-char remark

   Show marketing remark (2357 chars)

   NOW OFFERING A 4.99% RATE ON AN FHA 5/1 ARM PLUS 5K IN CLOSING COSTS OR 3% TOWARDS CLOSING COSTS WITH PREFERRED LENDER. You will love this new construction home with an affordable price and luxury features. It's just what you've been looking for. .. No HOA and with city water! This home has 9'4" tall ceilings, a nice and open layout with a versatile floor plan. Featuring 4 bedrooms, 2 full bathrooms, dining room, a living room, an open kitchen and a 2-car garage with 1810 square feet of living space. The living space is well-utilized with high ceilings and many windows providing natural light. The interior features will provide you with the quality and luxury you were looking for in your new home. This home has a split floor plan with the primary suite on one side of the home and the guest bedrooms on the other. The primary bedroom has a tray ceiling and large windows that let in natural light. You'll also enjoy a resort-style bathroom with a spacious walk-in shower with floor-to-ceiling tiled walls and a glass enclosure. It also features a linen closet, double vanity with mirror and a large walk-in closet. The living room features large windows and several LED fixtures providing plenty of light with access to the covered lanai. The living room is open to the kitchen, where you'll find a huge center island with extra seating for casual dining and plenty of cabinets. The kitchen features stainless steel appliances, Shaker-style cabinets with crown molding, decorative hardware, subway tile backsplash and granite countertops. The dining room is located at the front of the house, with large windows allowing for plenty of natural light. The home includes luxury vinyl plank flooring in the main living areas and bathrooms for durability and comfort. You'll love these floors! They are easy to maintain and offer a modern design, perfect for new homes. Other features include the same beautiful Shaker-style cabinets with hardware and granite countertops in the bathrooms, 5-inch baseboards, a garage door opener, gutters on the exterior, R38 insulation, a 16 SEER HVAC, front yard irrigation and much more. Great location for quick access to shopping, medical conveniences, parks and schools. Visit our model center and compare the features and quality with other homes and you'll see the difference. We make buying easy for you!

7. 2025-11-19
   listed $347,999 Active 2357-char remark

   Show marketing remark (2357 chars)

   NOW OFFERING A 4.99% RATE ON AN FHA 5/1 ARM PLUS 5K IN CLOSING COSTS OR 3% TOWARDS CLOSING COSTS WITH PREFERRED LENDER. You will love this new construction home with an affordable price and luxury features. It's just what you've been looking for. .. No HOA and with city water! This home has 9'4" tall ceilings, a nice and open layout with a versatile floor plan. Featuring 4 bedrooms, 2 full bathrooms, dining room, a living room, an open kitchen and a 2-car garage with 1810 square feet of living space. The living space is well-utilized with high ceilings and many windows providing natural light. The interior features will provide you with the quality and luxury you were looking for in your new home. This home has a split floor plan with the primary suite on one side of the home and the guest bedrooms on the other. The primary bedroom has a tray ceiling and large windows that let in natural light. You'll also enjoy a resort-style bathroom with a spacious walk-in shower with floor-to-ceiling tiled walls and a glass enclosure. It also features a linen closet, double vanity with mirror and a large walk-in closet. The living room features large windows and several LED fixtures providing plenty of light with access to the covered lanai. The living room is open to the kitchen, where you'll find a huge center island with extra seating for casual dining and plenty of cabinets. The kitchen features stainless steel appliances, Shaker-style cabinets with crown molding, decorative hardware, subway tile backsplash and granite countertops. The dining room is located at the front of the house, with large windows allowing for plenty of natural light. The home includes luxury vinyl plank flooring in the main living areas and bathrooms for durability and comfort. You'll love these floors! They are easy to maintain and offer a modern design, perfect for new homes. Other features include the same beautiful Shaker-style cabinets with hardware and granite countertops in the bathrooms, 5-inch baseboards, a garage door opener, gutters on the exterior, R38 insulation, a 16 SEER HVAC, front yard irrigation and much more. Great location for quick access to shopping, medical conveniences, parks and schools. Visit our model center and compare the features and quality with other homes and you'll see the difference. We make buying easy for you!

8. 2024-07-11
   soldstatus $3,311,880
9. 2022-02-14
   soldstatus $29,900 Closed 739-char remark

   Show marketing remark (739 chars)

   LOCATION LOCATION LOCATION! Wonderful lot in North Port with CITY WATER!! No HOA! No CDDs or deed restrictions. No flood insurance required!! North Port is the 7th largest land mass in Florida-the 110th largest in the country!! The growth and potential are absolutely amazing. Conveniently located to shopping, dining, parks, and all that up and coming North Port has to offer (where so much of the city is new and still being built!) including the new Braves Spring Training Stadium! Many beaches located within a 35 minute drive from this lot. New construction is everywhere you look and you can be part of the action. Information about local builders is available upon request. Don't miss out on owning your own piece of paradise today!

10. 2022-02-11
    soldstatus $29,900
11. 2021-12-27
    status Pending 739-char remark

    Show marketing remark (739 chars)

    LOCATION LOCATION LOCATION! Wonderful lot in North Port with CITY WATER!! No HOA! No CDDs or deed restrictions. No flood insurance required!! North Port is the 7th largest land mass in Florida-the 110th largest in the country!! The growth and potential are absolutely amazing. Conveniently located to shopping, dining, parks, and all that up and coming North Port has to offer (where so much of the city is new and still being built!) including the new Braves Spring Training Stadium! Many beaches located within a 35 minute drive from this lot. New construction is everywhere you look and you can be part of the action. Information about local builders is available upon request. Don't miss out on owning your own piece of paradise today!

12. 2021-07-17
    price $29,900 739-char remark

    Show marketing remark (739 chars)

    LOCATION LOCATION LOCATION! Wonderful lot in North Port with CITY WATER!! No HOA! No CDDs or deed restrictions. No flood insurance required!! North Port is the 7th largest land mass in Florida-the 110th largest in the country!! The growth and potential are absolutely amazing. Conveniently located to shopping, dining, parks, and all that up and coming North Port has to offer (where so much of the city is new and still being built!) including the new Braves Spring Training Stadium! Many beaches located within a 35 minute drive from this lot. New construction is everywhere you look and you can be part of the action. Information about local builders is available upon request. Don't miss out on owning your own piece of paradise today!

13. 2021-06-28
    price $39,000 739-char remark

    Show marketing remark (739 chars)

    LOCATION LOCATION LOCATION! Wonderful lot in North Port with CITY WATER!! No HOA! No CDDs or deed restrictions. No flood insurance required!! North Port is the 7th largest land mass in Florida-the 110th largest in the country!! The growth and potential are absolutely amazing. Conveniently located to shopping, dining, parks, and all that up and coming North Port has to offer (where so much of the city is new and still being built!) including the new Braves Spring Training Stadium! Many beaches located within a 35 minute drive from this lot. New construction is everywhere you look and you can be part of the action. Information about local builders is available upon request. Don't miss out on owning your own piece of paradise today!

14. 2021-06-03
    listed $49,000 Active 739-char remark

    Show marketing remark (739 chars)

    LOCATION LOCATION LOCATION! Wonderful lot in North Port with CITY WATER!! No HOA! No CDDs or deed restrictions. No flood insurance required!! North Port is the 7th largest land mass in Florida-the 110th largest in the country!! The growth and potential are absolutely amazing. Conveniently located to shopping, dining, parks, and all that up and coming North Port has to offer (where so much of the city is new and still being built!) including the new Braves Spring Training Stadium! Many beaches located within a 35 minute drive from this lot. New construction is everywhere you look and you can be part of the action. Information about local builders is available upon request. Don't miss out on owning your own piece of paradise today!

15. 2019-04-18
    soldstatus $7,150 Sold
16. 2019-03-26
    status Pending
17. 2019-01-12
    listed $8,500 Active

ⓘ 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: $758 · $63/mo
• Projected year-2 tax: $2,738 · $228/mo
• Expected delta: +$1,980/yr (+$165/mo · 261.1%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 67% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,430
• − Mortgage interest: −$18,480
• − Property taxes: −$758
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,514
• − Management: −$2,514
• − Depreciation: −$9,597
• Taxable loss: −$4,083
• Est. tax savings @ 24.0%: +$980
• After-tax cash flow: $2,641/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: Sarasota
• NCES district ID: 1201680
• Math proficiency: 63% ▼ -8.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $51,167
• Composite: 53.68/100
• National rank: #1428
• State rank: #7 of 73 in FL

Livability — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

Amenities F Commute F Cost of living A- Crime A+ Employment B+ Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,534
• Household income: $80,553
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 545.0

Population outlook (Sarasota County) Hauer SSP2

• Today (2025): 452,380 people
• By 2030: 474,175 · +4.8%
• By 2040: 511,577 · +13.1%
• By 2050: 541,467 · +19.7%
• By 2075: 604,947 · +33.7%
• By 2100: 621,965 · +37.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Subsaharan African 2%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% Other Indo-European 1%

Political lean MEDSL · Sarasota

• 2024 margin: R (+18.2) · D 40.5% · R 58.7%
• 2008→2024 swing: -18.1pp toward R · 2008: -0.1pp · 2024: -18.2pp
• All cycles: 2024: R+18.2 2020: R+10.4 2016: R+11.6 2012: R+7.4 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.36%
• Current HPI: 297.3707
• Rent YoY: ▲ 1.12%
• Metro: North Port-Sarasota-Bradenton, 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

+3781.2% since first listed

12 events — show timeline

• 2025-12-17 Price Changed $329,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-19 Listed $347,999 Stellar MLS as Distributed by MLS Grid
• 2024-07-11 Sold (Public Records) $3,311,880 Public Records
• 2022-02-14 Sold (MLS) $29,900 Stellar MLS as Distributed by MLS Grid
• 2022-02-11 Sold (Public Records) $29,900 Public Records
• 2021-12-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-07-17 Price Changed $29,900 Stellar MLS as Distributed by MLS Grid
• 2021-06-28 Price Changed $39,000 Stellar MLS as Distributed by MLS Grid
• 2021-06-03 Listed $49,000 Stellar MLS as Distributed by MLS Grid
• 2019-04-18 Sold (MLS) $7,150 Stellar MLS as Distributed by MLS Grid
• 2019-03-26 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-01-12 Listed $8,500 Stellar MLS as Distributed by MLS Grid

Property tax history

+8.9%/yr

Latest (2025): $758 · +3.9% YoY. Source: county tax records.