5208 Florida Rd · South Venice, FL 34293

$235,900

2 bd · 1.0 ba · 792 sqft · SingleFamily public records · 183 Days on market

Built 1979 0.29 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 +14.9/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• DSCR +4.5/10.0
• 1% rule +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PICTURE YOURSELF IN THIS CUTE FLORIDA HOME ON 3 LOTS WITH LARGE PART FENCED BACKYARD. 2-3 BEDROOMS, 1 REMODLED BATH, NEAR BEACHES AND SHOPPING. THIS HOME HAS A NEW ROOF (2023), NEW AIR CONDITIONER, ELECTICAL PANEL, WOOD KITCHEN CABINETS AND STAINLESS APPLICANCES (2022). LIVING ROOM WITH A STONE WOOD BURNING FIREPLACE. ,EAT IN KITCHEN WITH SLIDERS TO THE CEMENT PATIO. INSIDE LAUNDRY ROOM OFF THE 3RD BEDROOM OR FAMILY RM. FRESHLY PAINTED INSIDE AND OUTSIDE.

Key facts

• Stainless appliances
• New air conditioner
• Electrical panel

Tags

• LARGE PART FENCED BACKYARD
• NEW ROOF
• NEW AIR CONDITIONER
• ELECTRICAL PANEL
• WOOD KITCHEN CABINETS
• STAINLESS APPLIANCES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $236k.

Deal economics

• At list price, monthly cash flow is $68 ($815/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 $203k (14.0% below list).
• Recommended offer: $203k (14.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#549 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: schools F, 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 flat; 1247 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 183 days — a 12% lower offer ($208k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $85k; list at $236k implies a 178% 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→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $202,805 (14.0% below list)

Questions for the listing agent

1. It's been on market 183 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.86% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.23%
• DSCR: 1.05
• GRM: 9.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -16.8%
• Equity multiple: 0.42×
• Total profit: $-38,514
• Equity at exit: $35,173

10-year hold

• IRR: -13.2%
• Equity multiple: 0.30×
• Total profit: $-46,059
• Equity at exit: $20,396

Cash invested: $66,052 (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 34293

• Rents YoY: 0.7%
• Active inventory: 1247
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $2,028 medium
• Mortgage (P&I): −$1,237
• Tax from tax record: −$199 /mo · $2,386/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $68

Break-even live

Break-even rent $1,942

Max offer price $235,900

Occupancy floor 92%

Sensitivity live

Price	-10% $201	-5% $135	+0% $68	+5% $1	+10% $-66
Rent	-10% $-92	-5% $-12	+0% $68	+5% $148	+10% $228
Rate	-1.0pp $187	-0.5pp $128	base $68	+0.5pp $7	+1.0pp $-55

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: $58,975
• Closing costs: $7,077
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $235,900 Active 183 DOM
2. 2026-06-17
   days on market $235,900 Active 182 DOM
3. 2026-06-16
   days on market $235,900 Active 181 DOM
4. 2026-06-15
   days on market $235,900 Active 180 DOM
5. 2026-06-13
   days on market $235,900 Active 178 DOM
6. 2026-06-13
   days on market $235,900 Active 177 DOM
7. 2026-06-10
   days on market $235,900 Active 175 DOM
8. 2026-06-09
   days on market $235,900 Active 174 DOM
9. 2026-06-08
   pricedays on market $235,900 Active 172 DOM
10. 2026-06-05
    days on market $239,900 Active 169 DOM
11. 2026-06-03
    days on market $239,900 Active 168 DOM
12. 2026-06-02
    days on market $239,900 Active 167 DOM
13. 2026-06-01
    days on market $239,900 Active 166 DOM
14. 2026-05-31
    days on market $239,900 Active 165 DOM
15. 2026-05-05
    price $239,900 459-char remark

    Show marketing remark (459 chars)

    PICTURE YOURSELF IN THIS CUTE FLORIDA HOME ON 3 LOTS WITH LARGE PART FENCED BACKYARD. 2-3 BEDROOMS, 1 REMODLED BATH, NEAR BEACHES AND SHOPPING. THIS HOME HAS A NEW ROOF (2023), NEW AIR CONDITIONER, ELECTICAL PANEL, WOOD KITCHEN CABINETS AND STAINLESS APPLICANCES (2022). LIVING ROOM WITH A STONE WOOD BURNING FIREPLACE. ,EAT IN KITCHEN WITH SLIDERS TO THE CEMENT PATIO. INSIDE LAUNDRY ROOM OFF THE 3RD BEDROOM OR FAMILY RM. FRESHLY PAINTED INSIDE AND OUTSIDE.

16. 2026-04-14
    price $242,500 459-char remark

    Show marketing remark (459 chars)

    PICTURE YOURSELF IN THIS CUTE FLORIDA HOME ON 3 LOTS WITH LARGE PART FENCED BACKYARD. 2-3 BEDROOMS, 1 REMODLED BATH, NEAR BEACHES AND SHOPPING. THIS HOME HAS A NEW ROOF (2023), NEW AIR CONDITIONER, ELECTICAL PANEL, WOOD KITCHEN CABINETS AND STAINLESS APPLICANCES (2022). LIVING ROOM WITH A STONE WOOD BURNING FIREPLACE. ,EAT IN KITCHEN WITH SLIDERS TO THE CEMENT PATIO. INSIDE LAUNDRY ROOM OFF THE 3RD BEDROOM OR FAMILY RM. FRESHLY PAINTED INSIDE AND OUTSIDE.

17. 2026-03-31
    price $245,500 459-char remark

    Show marketing remark (459 chars)

    PICTURE YOURSELF IN THIS CUTE FLORIDA HOME ON 3 LOTS WITH LARGE PART FENCED BACKYARD. 2-3 BEDROOMS, 1 REMODLED BATH, NEAR BEACHES AND SHOPPING. THIS HOME HAS A NEW ROOF (2023), NEW AIR CONDITIONER, ELECTICAL PANEL, WOOD KITCHEN CABINETS AND STAINLESS APPLICANCES (2022). LIVING ROOM WITH A STONE WOOD BURNING FIREPLACE. ,EAT IN KITCHEN WITH SLIDERS TO THE CEMENT PATIO. INSIDE LAUNDRY ROOM OFF THE 3RD BEDROOM OR FAMILY RM. FRESHLY PAINTED INSIDE AND OUTSIDE.

18. 2025-12-17
    listed $255,000 Active 459-char remark

    Show marketing remark (459 chars)

    PICTURE YOURSELF IN THIS CUTE FLORIDA HOME ON 3 LOTS WITH LARGE PART FENCED BACKYARD. 2-3 BEDROOMS, 1 REMODLED BATH, NEAR BEACHES AND SHOPPING. THIS HOME HAS A NEW ROOF (2023), NEW AIR CONDITIONER, ELECTICAL PANEL, WOOD KITCHEN CABINETS AND STAINLESS APPLICANCES (2022). LIVING ROOM WITH A STONE WOOD BURNING FIREPLACE. ,EAT IN KITCHEN WITH SLIDERS TO THE CEMENT PATIO. INSIDE LAUNDRY ROOM OFF THE 3RD BEDROOM OR FAMILY RM. FRESHLY PAINTED INSIDE AND OUTSIDE.

19. 2004-03-05
    soldstatus $85,000
20. 2003-03-24
    soldstatus $83,000
21. 1998-07-09
    soldstatus $65,600
22. 1995-05-02
    soldstatus $59,900

ⓘ 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: $2,386 · $199/mo
• Projected year-2 tax: $2,386 · $199/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 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,337
• − Mortgage interest: −$13,214
• − Property taxes: −$2,386
• − Insurance: −$1,180
• − Repairs & maintenance: −$1,947
• − Management: −$1,947
• − Depreciation: −$6,863
• Taxable loss: −$3,199
• Est. tax savings @ 24.0%: +$768
• After-tax cash flow: $1,583/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 — South Venice

• Score: 67/100
• State rank: #549
• US rank: #10377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Venice, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 50,278
• Household income: $90,038
• Rent vs Own: 11.3% rent · 88.7% own
• Severe rent burden: 548.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 3%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Russian/Polish/Slavic 2% French/Haitian/Cajun 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: ▼ -355.64%
• Current HPI: 270.5242
• Rent YoY: ▲ 0.70%
• 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

+300.5% since first listed

8 events — show timeline

• 2026-05-05 Price Changed $239,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Price Changed $242,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $245,500 Stellar MLS as Distributed by MLS Grid
• 2025-12-17 Listed $255,000 Stellar MLS as Distributed by MLS Grid
• 2004-03-05 Sold (Public Records) $85,000 Public Records
• 2003-03-24 Sold (Public Records) $83,000 Public Records
• 1998-07-09 Sold (Public Records) $65,600 Public Records
• 1995-05-02 Sold (Public Records) $59,900 Public Records

Property tax history

+6.5%/yr

Latest (2025): $2,386 · -9.2% YoY. Source: county tax records.