6129 Freemont St · North Port, FL 34287

$150,000

3 bd · 2.0 ba · 1,143 sqft · SingleFamily public records · 196 Days on market

Built 1959 7,500 sqft lot $131/sqft · 50% below area Est $298k · 50% under

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Why this score? — see what drove the B 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 +27.3/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• 1% rule +7.6/10.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious 3-bedroom, 2-bath home in North Port is a true handyman and investor special with strong potential and solid bones. The whole house is finished with large, neutral tile flooring, giving you a clean and durable base to build on. The layout feels open and bright, offering a great start for upgrades or creative redesign. The living room features crown molding and a ceiling fan, adding character and comfort. Nearby, the kitchen includes a steel refrigerator and plenty of room to rework the space into a modern and practical cooking area. The dining room opens to the screened lanai through classic French doors, giving easy access to fresh air and allowing you to expand your living space. The oversized master bedroom is another strong feature, complete with tile flooring, dual closets, and its own door to the lanai. With a tiled shower-and-tub combo and a modern wood vanity, the master bathroom is ready for polish or full customization. The second and third bedrooms both include ceiling fans and tiled floors, offering simple spaces ready for upgrades. The second bathroom has a Roman-style tiled shower and extra storage, giving plenty of room for updates. Outside, the property continues to deliver value. A large shade tree brings natural cover, while two decks and a partially fenced yard offer room for projects, outdoor living, or layout redesign. The screened lanai adds even more space for relaxing or rebuilding into your ideal setup. This North Port location puts you close to schools, shopping, restaurants, and many daily needs. With tile throughout, a flexible floor plan, and desirable outdoor features, this home gives you a strong base to work from and the chance to add real value through repairs and improvements. Call today for more information and explore the possibilities this property offers!

Key facts

• Ceiling fan
• Steel refrigerator
• Screened lanai

Tags

• LARGE NEUTRAL TILE FLOORING
• CROWN MOLDING
• CEILING FAN
• STEEL REFRIGERATOR
• SCREENED LANAI
• FRENCH DOORS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $367 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.8% 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 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 36% 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 $4k 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 ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 21y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $36k; list at $150k implies a 311% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• 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 $132,000 (12.0% 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 12% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.26% ✓
• Cap rate: 9.76%
• Cash-on-cash: 12.38%
• DSCR: 1.55
• GRM: 6.6

CMA / ARV

• ARV (median comp): $298,492
• List price: $150,000
• Delta: -49.75%
• Verdict: UNDERPRICED
• Comps: 6 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -3.9%
• Equity multiple: 0.86×
• Total profit: $-5,927
• Equity at exit: $22,365

10-year hold

• IRR: 2.1%
• Equity multiple: 1.13×
• Total profit: $5,570
• Equity at exit: $12,969

Cash invested: $42,000 (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: 6.6×

Monthly cashflow live

• Estimated rent: $1,889 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$210 /mo · $2,523/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $367

Break-even live

Break-even rent $1,425

Max offer price $150,000

Occupancy floor 76%

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: $37,500
• Closing costs: $4,500
• 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	0.92mi

Listing history 28 events

1. 2026-06-18
   days on market $150,000 Active 196 DOM
2. 2026-06-17
   days on market $150,000 Active 195 DOM
3. 2026-06-16
   days on market $150,000 Active 194 DOM
4. 2026-06-15
   days on market $150,000 Active 193 DOM
5. 2026-06-13
   days on market $150,000 Active 191 DOM
6. 2026-06-13
   days on market $150,000 Active 190 DOM
7. 2026-06-10
   days on market $150,000 Active 188 DOM
8. 2026-06-09
   days on market $150,000 Active 187 DOM
9. 2026-06-08
   days on market $150,000 Active 185 DOM
10. 2026-06-05
    days on market $150,000 Active 182 DOM
11. 2026-06-03
    days on market $150,000 Active 181 DOM
12. 2026-06-02
    days on market $150,000 Active 180 DOM
13. 2026-06-01
    days on market $150,000 Active 179 DOM
14. 2026-05-31
    days on market $150,000 Active 178 DOM
15. 2026-05-19
    price $150,000 1837-char remark

    Show marketing remark (1837 chars)

    This spacious 3-bedroom, 2-bath home in North Port is a true handyman and investor special with strong potential and solid bones. The whole house is finished with large, neutral tile flooring, giving you a clean and durable base to build on. The layout feels open and bright, offering a great start for upgrades or creative redesign. The living room features crown molding and a ceiling fan, adding character and comfort. Nearby, the kitchen includes a steel refrigerator and plenty of room to rework the space into a modern and practical cooking area. The dining room opens to the screened lanai through classic French doors, giving easy access to fresh air and allowing you to expand your living space. The oversized master bedroom is another strong feature, complete with tile flooring, dual closets, and its own door to the lanai. With a tiled shower-and-tub combo and a modern wood vanity, the master bathroom is ready for polish or full customization. The second and third bedrooms both include ceiling fans and tiled floors, offering simple spaces ready for upgrades. The second bathroom has a Roman-style tiled shower and extra storage, giving plenty of room for updates. Outside, the property continues to deliver value. A large shade tree brings natural cover, while two decks and a partially fenced yard offer room for projects, outdoor living, or layout redesign. The screened lanai adds even more space for relaxing or rebuilding into your ideal setup. This North Port location puts you close to schools, shopping, restaurants, and many daily needs. With tile throughout, a flexible floor plan, and desirable outdoor features, this home gives you a strong base to work from and the chance to add real value through repairs and improvements. Call today for more information and explore the possibilities this property offers!

16. 2026-04-06
    price $168,800 1837-char remark

    Show marketing remark (1837 chars)

    This spacious 3-bedroom, 2-bath home in North Port is a true handyman and investor special with strong potential and solid bones. The whole house is finished with large, neutral tile flooring, giving you a clean and durable base to build on. The layout feels open and bright, offering a great start for upgrades or creative redesign. The living room features crown molding and a ceiling fan, adding character and comfort. Nearby, the kitchen includes a steel refrigerator and plenty of room to rework the space into a modern and practical cooking area. The dining room opens to the screened lanai through classic French doors, giving easy access to fresh air and allowing you to expand your living space. The oversized master bedroom is another strong feature, complete with tile flooring, dual closets, and its own door to the lanai. With a tiled shower-and-tub combo and a modern wood vanity, the master bathroom is ready for polish or full customization. The second and third bedrooms both include ceiling fans and tiled floors, offering simple spaces ready for upgrades. The second bathroom has a Roman-style tiled shower and extra storage, giving plenty of room for updates. Outside, the property continues to deliver value. A large shade tree brings natural cover, while two decks and a partially fenced yard offer room for projects, outdoor living, or layout redesign. The screened lanai adds even more space for relaxing or rebuilding into your ideal setup. This North Port location puts you close to schools, shopping, restaurants, and many daily needs. With tile throughout, a flexible floor plan, and desirable outdoor features, this home gives you a strong base to work from and the chance to add real value through repairs and improvements. Call today for more information and explore the possibilities this property offers!

17. 2025-12-04
    listed $174,700 Active 1837-char remark

    Show marketing remark (1837 chars)

    This spacious 3-bedroom, 2-bath home in North Port is a true handyman and investor special with strong potential and solid bones. The whole house is finished with large, neutral tile flooring, giving you a clean and durable base to build on. The layout feels open and bright, offering a great start for upgrades or creative redesign. The living room features crown molding and a ceiling fan, adding character and comfort. Nearby, the kitchen includes a steel refrigerator and plenty of room to rework the space into a modern and practical cooking area. The dining room opens to the screened lanai through classic French doors, giving easy access to fresh air and allowing you to expand your living space. The oversized master bedroom is another strong feature, complete with tile flooring, dual closets, and its own door to the lanai. With a tiled shower-and-tub combo and a modern wood vanity, the master bathroom is ready for polish or full customization. The second and third bedrooms both include ceiling fans and tiled floors, offering simple spaces ready for upgrades. The second bathroom has a Roman-style tiled shower and extra storage, giving plenty of room for updates. Outside, the property continues to deliver value. A large shade tree brings natural cover, while two decks and a partially fenced yard offer room for projects, outdoor living, or layout redesign. The screened lanai adds even more space for relaxing or rebuilding into your ideal setup. This North Port location puts you close to schools, shopping, restaurants, and many daily needs. With tile throughout, a flexible floor plan, and desirable outdoor features, this home gives you a strong base to work from and the chance to add real value through repairs and improvements. Call today for more information and explore the possibilities this property offers!

18. 2010-04-22
    soldstatus $36,500 105-char remark

    Show marketing remark (105 chars)

    Well priced three bedroom home with two baths and porch. Tile flooring through-out. Inside utilitiy room.

19. 2010-03-20
    listed $35,500 105-char remark

    Show marketing remark (105 chars)

    Well priced three bedroom home with two baths and porch. Tile flooring through-out. Inside utilitiy room.

20. 2005-11-03
    soldstatus $159,000
21. 2005-11-02
    soldstatus $159,000
22. 2005-11-02
    soldstatus $159,000
23. 2005-09-16
    listed $175,000
24. 2005-08-05
    listed $175,000
25. 2005-02-11
    soldstatus $95,000
26. 2001-02-20
    soldstatus $52,500
27. 1995-09-11
    soldstatus $31,000
28. 1971-09-01
    soldstatus $11,600

ⓘ 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: $2,523 · $210/mo
• Projected year-2 tax: $2,523 · $210/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 7/10 Severe FEMA zone X (shaded) · 94% 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: $22,674
• − Mortgage interest: −$8,402
• − Property taxes: −$2,523
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,814
• − Management: −$1,814
• − Depreciation: −$4,364
• Taxable income: $2,210
• Est. tax owed @ 24.0%: −$530
• After-tax cash flow: $3,872/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

+1193.1% since first listed

14 events — show timeline

• 2026-05-19 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Price Changed $168,800 Stellar MLS as Distributed by MLS Grid
• 2025-12-04 Listed $174,700 Stellar MLS as Distributed by MLS Grid
• 2010-04-22 Sold (MLS) $36,500 Stellar MLS as Distributed by MLS Grid
• 2010-03-20 Listed $35,500 Stellar MLS as Distributed by MLS Grid
• 2005-11-03 Sold (Public Records) $159,000 Public Records
• 2005-11-02 Sold (MLS) $159,000 Stellar MLS as Distributed by MLS Grid
• 2005-11-02 Sold (MLS) $159,000 Stellar MLS as Distributed by MLS Grid
• 2005-09-16 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2005-08-05 Listed $175,000 Stellar MLS as Distributed by MLS Grid
• 2005-02-11 Sold (Public Records) $95,000 Public Records
• 2001-02-20 Sold (Public Records) $52,500 Public Records
• 1995-09-11 Sold (Public Records) $31,000 Public Records
• 1971-09-01 Sold (Public Records) $11,600 Public Records

Property tax history

+8.8%/yr

Latest (2025): $2,523 · +10.7% YoY. Source: county tax records.