382 Bamboo Dr · North Port, FL 33954

$249,900

6 bd · 4.0 ba · 2,324 sqft · Land · 48 Days on market

Built 2023 9,999 sqft lot

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Why this score? — see what drove the C 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 +24.1/30.0
• DSCR +7.8/10.0
• ARV discount +7.5/15.0
• 1% rule +4.9/10.0
• Schools +4.6/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks

Under Construction. Nice Price Reduction. .. .Calling all investors and contractors. This is your chance to finish a duplex to your specifications in a good location. Located 2 blocks off US 41, this duplex could be the opportunity you have been waiting for as a home or investment property. It features 3 bedrooms and 2 bathrooms on each side with a nice sized kitchen and living area. The location is fantastic with proximity to I-75 via Sumter, US 41, and all area amenities in North Port and Port Charlotte. There are no HOA or CDD fees. This property must be sold cash only. Easy to show.

Key facts

• Proximity to i-75
• No hoa or cdd fees
• Good location

Tags

• GOOD LOCATION
• PROXIMITY TO I-75
• NO HOA OR CDD FEES

Property features AI

Finance

• Other: Lot size approximately 0.23 acres; Total living area reported as 2,324 (builder source); Property type listed as Residential Income (Duplex)
• Financial info: Annual net income currently shown as $0.00; Pro forma rent listed as $1,500 per unit (two 3-bedroom units)
• HOA & community: No association; Pets allowed

Exterior

• Parking: Parking details not specified
• Security: Security features not specified
• Utilities: Electricity available; Septic required; Water source: see remarks
• Home design: Duplex residential income property; Under construction (projected completion May 1, 2028); New construction; One building on the lot; Zoned RMF10; Entry facing direction not specified
• Construction: Block construction; Shingle roof; Slab foundation; Built/new construction (builder name and model unknown)
• Exterior features: Other exterior features (details not specified); Asphalt road access

Interior

• Kitchen: Kitchen details not specified
• Bedrooms: Six total bedrooms; Two mirror 3-bedroom units (each unit is a 3-bedroom)
• Flooring: Flooring details not specified
• Bathrooms: Each unit has two bathrooms (total: 4 bathrooms)
• Heating & cooling: No heating; No cooling
• Interior features: Other interior features (details not specified)
• Laundry & utility: Laundry: Other (specifics not provided)

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 6-bed/4.0-bath land listed at $250k.

Deal economics

• At list price, monthly cash flow is $426 ($5k/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 $248k (0.6% below list).
• Recommended offer: $242k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Liberty Elementary School (math 56% / reading 56%, grade C+, #832 of 2,144 statewide, top 40%, 622 students, 56% FRL); Port Charlotte High School (math 23% / reading 38%, grade F, #434 of 667 statewide, top 66%, 1,649 students, 43% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: Rents falling (-3.5%/yr); 689 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).
• This rent runs 38% of the median local income ($78k/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 $7k of value loss. Plan a longer hold.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y ago; this cycle's ask has dropped $20k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $250k implies a 284% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $242,403 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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.
6. 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.
7. 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: 0.99% ✗
• Cap rate: 8.66%
• Cash-on-cash: 8.45%
• DSCR: 1.38
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.70×
• Total profit: $-20,690
• Equity at exit: $37,261

10-year hold

• IRR: -2.8%
• Equity multiple: 0.84×
• Total profit: $-11,492
• Equity at exit: $21,607

Cash invested: $69,972 (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 33954

• Home prices YoY: -13.3%
• Rents YoY: -3.5%
• Active inventory: 689
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $2,483 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$54 /mo · $652/yr
• Insurance: −$104
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$522
• Net cashflow: $426

Break-even live

Break-even rent $1,944

Max offer price $249,900

Occupancy floor 78%

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
293 Cornelius Blvd Port Charlotte, FL	5.0	3.0	2274	$2,495	$1.10	21d	1	0.90mi

Listing history 25 events

1. 2026-06-18
   days on market $249,900 Active 48 DOM
2. 2026-06-17
   days on market $249,900 Active 47 DOM
3. 2026-06-16
   remarks 593-char remark
4. 2026-06-16
   price $249,900 Active 46 DOM
5. 2026-06-16
   days on market $269,900 Active 46 DOM
6. 2026-06-15
   days on market $269,900 Active 45 DOM
7. 2026-06-14
   days on market $269,900 Active 43 DOM
8. 2026-06-13
   days on market $269,900 Active 42 DOM
9. 2026-06-10
   days on market $269,900 Active 40 DOM
10. 2026-06-09
    days on market $269,900 Active 39 DOM
11. 2026-06-08
    days on market $269,900 Active 38 DOM
12. 2026-06-07
    days on market $269,900 Active 37 DOM
13. 2026-06-05
    days on market $269,900 Active 34 DOM
14. 2026-06-03
    days on market $269,900 Active 33 DOM
15. 2026-06-02
    days on market $269,900 Active 32 DOM
16. 2026-06-01
    days on market $269,900 Active 31 DOM
17. 2026-05-31
    days on market $269,900 Active 30 DOM
18. 2026-05-30
    days on market $269,900 Active 29 DOM
19. 2026-05-01
    listed $269,900 Active
20. 2026-04-17
    historical
21. 2025-09-01
    listed $399,000 Active
22. 2023-09-08
    soldstatus $65,000
23. 2022-06-09
    soldstatus $29,000
24. 2011-08-15
    listed $7,400
25. 2004-05-17
    soldstatus $11,500

ⓘ 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: $652 · $54/mo
• Projected year-2 tax: $2,074 · $173/mo
• Expected delta: +$1,422/yr (+$119/mo · 218.1%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (shaded) · 95% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 28 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: $29,801
• − Mortgage interest: −$13,998
• − Property taxes: −$652
• − Insurance: −$2,047
• − Repairs & maintenance: −$2,384
• − Management: −$2,384
• − Depreciation: −$7,270
• Taxable income: $1,066
• Est. tax owed @ 24.0%: −$256
• After-tax cash flow: $4,862/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 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

• County: Charlotte County · 196,994 people
• City population: 75,324
• Metro: Punta Gorda, FL
• Population (ZIP): 11,193
• Household income: $78,288
• Rent vs Own: 19.4% rent · 80.6% own
• Severe rent burden: 263.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 12% Two or more races 10% Black 9%
• Hispanic origin (detail): Puerto Rican 4% Dominican 1%
• Common ancestry: Lithuanian 5% Romanian 3% Subsaharan African 2%
• Foreign-born: 14% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 3% French/Haitian/Cajun 2%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.25%
• Current HPI: 335.3128
• Rent YoY: ▼ -3.48%
• Metro: Punta Gorda, 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

+2247.0% since first listed

7 events — show timeline

• 2026-05-01 Listed $269,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Listing Removed — MARMLS
• 2025-09-01 Listed $399,000 MARMLS
• 2023-09-08 Sold (Public Records) $65,000 Public Records
• 2022-06-09 Sold (Public Records) $29,000 Public Records
• 2011-08-15 Listed $7,400 Stellar MLS as Distributed by MLS Grid
• 2004-05-17 Sold (Public Records) $11,500 Public Records

Property tax history

+10.9%/yr

Latest (2025): $652 · -13.3% YoY. Source: county tax records.