4751 S Biscayne Dr · North Port, FL 34287

$174,900

2 bd · 1.0 ba · 1,175 sqft · SingleFamily public records · 4 Days on market

Built 1970 7,653 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 +22.0/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• Schools +5.4/10.0
• 1% rule +4.9/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Auction Property. Great opporitunuity with this charming 2 bedroom, 1 bath home on an extra large corner lot. Bring your creative ideas! Conveniently located near US41, shops, and restaurants.

Key facts

• Near restaurants
• Near shops
• 7,653 sq ft lot

Tags

• EXTRA LARGE CORNER LOT
• CONVENIENTLY LOCATED NEAR US41
• NEAR SHOPS
• NEAR RESTAURANTS

Property features AI

Finance

• Other: Zoning: RSF3; Universal property ID available
• Financial info: No lease restrictions; Tax year 2025
• HOA & community: No HOA association indicated; Pets allowed

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Electricity available
• Home design: Single family residence; Residential property; One story; Faces southeast; Entry level: One
• Construction: Block construction; Shingle roof; Slab foundation; Building area about 1,685 square feet (public records); Living area about 1,175 square feet (public records)
• Exterior features: Paved road access; Lot approximately 0.18 acres (about 711 sq meters)

Interior

• Kitchen: No appliances included
• Bedrooms: 2 bedrooms
• Flooring: Other flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Living room and dining room combined; 4 total rooms
• Laundry & utility: Laundry: Other

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/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 $173k (1.1% below list).
• Recommended offer: $173k (1.1% below list) — sets the bar for 1% rule.
• Cap rate 8.2% 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 flat; 852 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 33% of the median local income ($63k/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 $1k of loan paydown is wiped out by about $5k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 21y 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.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,963 (1.1% below list)

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 8.20%
• Cash-on-cash: 6.80%
• DSCR: 1.30
• GRM: 8.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.69×
• Total profit: $-15,368
• Equity at exit: $26,078

10-year hold

• IRR: -3.0%
• Equity multiple: 0.82×
• Total profit: $-8,861
• Equity at exit: $15,122

Cash invested: $48,972 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 852
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,730 medium
• Mortgage (P&I): −$917
• Tax from tax record: −$99 /mo · $1,188/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$363
• Net cashflow: $277

Break-even live

Break-even rent $1,379

Max offer price $174,900

Occupancy floor 79%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12395 Chancellor Blvd Port Charlotte, FL	2.0	1.0	1004	$1,600	$1.59	21d	1	1.42mi

Listing history 5 events

1. 2026-06-18
   days on market $174,900 Active 4 DOM
2. 2026-06-17
   days on market $174,900 Active 3 DOM
3. 2026-06-16
   days on market $174,900 Active 2 DOM
4. 2026-06-15
   remarks 192-char remark
5. 2026-06-15
   listed $174,900 Active 1 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: $1,188 · $99/mo
• Projected year-2 tax: $1,452 · $121/mo
• Expected delta: +$263/yr (+$22/mo · 22.2%)

ⓘ 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) · 66% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,756
• − Mortgage interest: −$9,797
• − Property taxes: −$1,188
• − Insurance: −$874
• − Repairs & maintenance: −$1,660
• − Management: −$1,660
• − Depreciation: −$5,088
• Taxable income: $487
• Est. tax owed @ 24.0%: −$117
• After-tax cash flow: $3,211/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): 25,929
• Household income: $63,464
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 522.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 7% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Lithuanian 3%
• Foreign-born: 16% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 5% French/Haitian/Cajun 2%

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: ▼ -70.89%
• Current HPI: 280.8484
• Rent YoY: ▲ 0.26%
• 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

+288.7% since first listed

37 events — show timeline

• 2026-06-15 Listed $174,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Listed $190,000 Stellar MLS as Distributed by MLS Grid
• 2024-07-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-05-28 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-01 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-12-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-09-09 Price Changed $237,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-02 Price Changed $197,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-28 Price Changed $199,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-28 Price Changed $214,000 Stellar MLS as Distributed by MLS Grid
• 2023-07-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2023-07-18 Price Changed $217,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2023-05-27 Price Changed $235,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-02 Price Changed $271,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-24 Price Changed $253,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-07 Price Changed $350,000 Stellar MLS as Distributed by MLS Grid
• 2023-04-07 Price Changed $295,000 Stellar MLS as Distributed by MLS Grid
• 2023-01-03 Price Changed $350,000 Stellar MLS as Distributed by MLS Grid
• 2022-11-24 Listed $325,000 Stellar MLS as Distributed by MLS Grid
• 2022-10-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-10-02 Relisted — Stellar MLS as Distributed by MLS Grid
• 2022-08-24 Price Changed $270,000 Stellar MLS as Distributed by MLS Grid
• 2022-07-29 Price Changed $1,930 RENT.
• 2022-07-03 Price Changed $260,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-29 Price Changed $256,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-16 Price Changed $253,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-12 Price Changed $254,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-10 Price Changed $265,000 Stellar MLS as Distributed by MLS Grid
• 2022-05-19 Price Changed $289,000 Stellar MLS as Distributed by MLS Grid
• 2022-04-12 Listed $295,000 Stellar MLS as Distributed by MLS Grid
• 2005-11-30 Sold (Public Records) $170,400 Public Records
• 2005-11-23 Sold (MLS) $164,000 Stellar MLS as Distributed by MLS Grid
• 2005-08-16 Listed $164,900 Stellar MLS as Distributed by MLS Grid
• 2001-03-12 Sold (Public Records) $59,900 Public Records
• 1994-08-17 Sold (Public Records) $45,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,188 · +8.8% YoY. Source: county tax records.