1891 Englewood Rd #45 · Englewood, FL 34223

$107,500

2 bd · 2.0 ba · 1,232 sqft · Manufactured public records · 236 Days on market

Built 1978 4,971 sqft lot $188/mo HOA · 7% of rent

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Rent growth +4.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Brook 2 Bay — A Vibrant 55+ Coastal Community! Discover one of the largest homes in Brook 2 Bay, offering 1,616 sq. ft. under air and situated on an oversized corner lot. This spacious 2-bedroom, 2-bathroom residence has been thoughtfully updated and lovingly maintained. This community offers a PRIVATE BOAT LAUNCH, and SMALL BOAT DOCKS with ACCESS to Lemon Bay to the Gulf of America. Recent Upgrades Include: New carport 2026! New Roof & A/C (2023), New ½" plywood subfloors with luxury vinyl laminate throughout, Newer storage shed, 9x30 enclosed Florida room with A/C — perfect for relaxing or entertaining year-round. The home features a bright, open great room, a kitchen with a cozy eat-in dining area, and large bay windows that fill the space with natural light. The hallway offers a convenient built-in desk area, while the laundry room includes a stackable washer/dryer and an exterior access door. The primary suite boasts a large walk-in closet plus an additional storage closet. Being sold partially furnished, this home is move-in ready! Enjoy your fruit producing trees of Loquat and avocados'. Community Highlights~~~ Brook 2 Bay is an active, friendly 55+ community offering a wealth of amenities — all for a low HOA fee of just $188/month. Enjoy: Heated community pool, Shuffleboard courts, Clubhouse with social activities, Community laundry, Boat docks (first come, first serve). This Perfect Location is just minutes to Manasota Key Beach and 13 minutes to Englewood Beach, you’ll be close to top restaurants, charming shops, live entertainment, and some of the best fishing in Southwest Florida. Whether you’re seeking a seasonal retreat or a year-round coastal home, this property offers the perfect blend of comfort, convenience, and community. Embrace the Florida lifestyle — your slice of paradise awaits at Brook 2 Bay!

Key facts

• Oversized corner lot
• Small boat docks
• Private boat launch

Tags

• PRIVATE BOAT LAUNCH
• SMALL BOAT DOCKS
• ACCESS TO LEMON BAY
• OVERSIZED CORNER LOT
• NEW ROOF
• NEW A/C

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $108k.

Deal economics

• At list price, monthly cash flow is $696 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $108k).
• Recommended offer: $95k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.8% vs local median 3.8% in Englewood — 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 73/100 on livability (#321 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, health & safety A; Watch: employment C-, 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 fast (+9.0%/yr); 720 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 40% of the median local income ($76k/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 $743 of loan paydown is wiped out by about $3k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $30k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 236 days — a 12% lower offer ($95k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $62k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $36k; list at $108k implies a 199% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $94,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 236 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 1978 — 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-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?
8. 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.
9. 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.
10. 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: 2.35% ✓
• Cap rate: 18.82%
• Cash-on-cash: 44.75%
• DSCR: 2.99
• GRM: 3.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 29.6%
• Equity multiple: 2.35×
• Total profit: $40,653
• Equity at exit: $16,029

10-year hold

• IRR: 40.6%
• Equity multiple: 6.14×
• Total profit: $154,852
• Equity at exit: $9,295

Cash invested: $30,100 (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 34223

• Home prices YoY: -34.2%
• Rents YoY: 9.0%
• Active inventory: 720
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $2,529 medium
• Mortgage (P&I): −$564
• Tax from tax record: −$79 /mo · $943/yr
• Insurance: −$45
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$188
• Vacancy / Maint / Mgmt: −$531
• Net cashflow: $696

Break-even live

Break-even rent $1,648

Max offer price $107,500

Occupancy floor 67%

Sensitivity live

Price	-10% $757	-5% $726	+0% $696	+5% $666	+10% $635
Rent	-10% $496	-5% $596	+0% $696	+5% $796	+10% $896
Rate	-1.0pp $750	-0.5pp $723	base $696	+0.5pp $668	+1.0pp $640

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: $26,875
• Closing costs: $3,225
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $188 · $2,256/yr
• Likely covers: pool

Listing history 24 events

1. 2026-06-21
   days on market $107,500 Active 236 DOM
2. 2026-06-18
   days on market $107,500 Active 233 DOM
3. 2026-06-17
   days on market $107,500 Active 232 DOM
4. 2026-06-16
   days on market $107,500 Active 231 DOM
5. 2026-06-15
   days on market $107,500 Active 230 DOM
6. 2026-06-13
   days on market $107,500 Active 228 DOM
7. 2026-06-13
   days on market $107,500 Active 227 DOM
8. 2026-06-10
   days on market $107,500 Active 225 DOM
9. 2026-06-09
   days on market $107,500 Active 224 DOM
10. 2026-06-08
    days on market $107,500 Active 222 DOM
11. 2026-06-05
    days on market $107,500 Active 219 DOM
12. 2026-06-03
    days on market $107,500 Active 218 DOM
13. 2026-06-02
    days on market $107,500 Active 217 DOM
14. 2026-06-01
    days on market $107,500 Active 216 DOM
15. 2026-05-31
    days on market $107,500 Active 215 DOM
16. 2026-04-07
    price $107,500 1926-char remark

    Show marketing remark (1926 chars)

    Welcome to Brook 2 Bay — A Vibrant 55+ Coastal Community! Discover one of the largest homes in Brook 2 Bay, offering 1,616 sq. ft. under air and situated on an oversized corner lot. This spacious 2-bedroom, 2-bathroom residence has been thoughtfully updated and lovingly maintained. This community offers a PRIVATE BOAT LAUNCH, and SMALL BOAT DOCKS with ACCESS to Lemon Bay to the Gulf of America. Recent Upgrades Include: New carport 2026! New Roof & A/C (2023), New ½" plywood subfloors with luxury vinyl laminate throughout, Newer storage shed, 9x30 enclosed Florida room with A/C — perfect for relaxing or entertaining year-round. The home features a bright, open great room, a kitchen with a cozy eat-in dining area, and large bay windows that fill the space with natural light. The hallway offers a convenient built-in desk area, while the laundry room includes a stackable washer/dryer and an exterior access door. The primary suite boasts a large walk-in closet plus an additional storage closet. Being sold partially furnished, this home is move-in ready! Enjoy your fruit producing trees of Loquat and avocados'. Community Highlights~~~ Brook 2 Bay is an active, friendly 55+ community offering a wealth of amenities — all for a low HOA fee of just $188/month. Enjoy: Heated community pool, Shuffleboard courts, Clubhouse with social activities, Community laundry, Boat docks (first come, first serve). This Perfect Location is just minutes to Manasota Key Beach and 13 minutes to Englewood Beach, you’ll be close to top restaurants, charming shops, live entertainment, and some of the best fishing in Southwest Florida. Whether you’re seeking a seasonal retreat or a year-round coastal home, this property offers the perfect blend of comfort, convenience, and community. Embrace the Florida lifestyle — your slice of paradise awaits at Brook 2 Bay!

17. 2026-03-17
    price $139,900 1926-char remark

    Show marketing remark (1926 chars)

    Welcome to Brook 2 Bay — A Vibrant 55+ Coastal Community! Discover one of the largest homes in Brook 2 Bay, offering 1,616 sq. ft. under air and situated on an oversized corner lot. This spacious 2-bedroom, 2-bathroom residence has been thoughtfully updated and lovingly maintained. This community offers a PRIVATE BOAT LAUNCH, and SMALL BOAT DOCKS with ACCESS to Lemon Bay to the Gulf of America. Recent Upgrades Include: New carport 2026! New Roof & A/C (2023), New ½" plywood subfloors with luxury vinyl laminate throughout, Newer storage shed, 9x30 enclosed Florida room with A/C — perfect for relaxing or entertaining year-round. The home features a bright, open great room, a kitchen with a cozy eat-in dining area, and large bay windows that fill the space with natural light. The hallway offers a convenient built-in desk area, while the laundry room includes a stackable washer/dryer and an exterior access door. The primary suite boasts a large walk-in closet plus an additional storage closet. Being sold partially furnished, this home is move-in ready! Enjoy your fruit producing trees of Loquat and avocados'. Community Highlights~~~ Brook 2 Bay is an active, friendly 55+ community offering a wealth of amenities — all for a low HOA fee of just $188/month. Enjoy: Heated community pool, Shuffleboard courts, Clubhouse with social activities, Community laundry, Boat docks (first come, first serve). This Perfect Location is just minutes to Manasota Key Beach and 13 minutes to Englewood Beach, you’ll be close to top restaurants, charming shops, live entertainment, and some of the best fishing in Southwest Florida. Whether you’re seeking a seasonal retreat or a year-round coastal home, this property offers the perfect blend of comfort, convenience, and community. Embrace the Florida lifestyle — your slice of paradise awaits at Brook 2 Bay!

18. 2026-02-23
    price $144,900 1926-char remark

    Show marketing remark (1926 chars)

    Welcome to Brook 2 Bay — A Vibrant 55+ Coastal Community! Discover one of the largest homes in Brook 2 Bay, offering 1,616 sq. ft. under air and situated on an oversized corner lot. This spacious 2-bedroom, 2-bathroom residence has been thoughtfully updated and lovingly maintained. This community offers a PRIVATE BOAT LAUNCH, and SMALL BOAT DOCKS with ACCESS to Lemon Bay to the Gulf of America. Recent Upgrades Include: New carport 2026! New Roof & A/C (2023), New ½" plywood subfloors with luxury vinyl laminate throughout, Newer storage shed, 9x30 enclosed Florida room with A/C — perfect for relaxing or entertaining year-round. The home features a bright, open great room, a kitchen with a cozy eat-in dining area, and large bay windows that fill the space with natural light. The hallway offers a convenient built-in desk area, while the laundry room includes a stackable washer/dryer and an exterior access door. The primary suite boasts a large walk-in closet plus an additional storage closet. Being sold partially furnished, this home is move-in ready! Enjoy your fruit producing trees of Loquat and avocados'. Community Highlights~~~ Brook 2 Bay is an active, friendly 55+ community offering a wealth of amenities — all for a low HOA fee of just $188/month. Enjoy: Heated community pool, Shuffleboard courts, Clubhouse with social activities, Community laundry, Boat docks (first come, first serve). This Perfect Location is just minutes to Manasota Key Beach and 13 minutes to Englewood Beach, you’ll be close to top restaurants, charming shops, live entertainment, and some of the best fishing in Southwest Florida. Whether you’re seeking a seasonal retreat or a year-round coastal home, this property offers the perfect blend of comfort, convenience, and community. Embrace the Florida lifestyle — your slice of paradise awaits at Brook 2 Bay!

19. 2025-12-11
    price $155,000 1926-char remark

    Show marketing remark (1926 chars)

    Welcome to Brook 2 Bay — A Vibrant 55+ Coastal Community! Discover one of the largest homes in Brook 2 Bay, offering 1,616 sq. ft. under air and situated on an oversized corner lot. This spacious 2-bedroom, 2-bathroom residence has been thoughtfully updated and lovingly maintained. This community offers a PRIVATE BOAT LAUNCH, and SMALL BOAT DOCKS with ACCESS to Lemon Bay to the Gulf of America. Recent Upgrades Include: New carport 2026! New Roof & A/C (2023), New ½" plywood subfloors with luxury vinyl laminate throughout, Newer storage shed, 9x30 enclosed Florida room with A/C — perfect for relaxing or entertaining year-round. The home features a bright, open great room, a kitchen with a cozy eat-in dining area, and large bay windows that fill the space with natural light. The hallway offers a convenient built-in desk area, while the laundry room includes a stackable washer/dryer and an exterior access door. The primary suite boasts a large walk-in closet plus an additional storage closet. Being sold partially furnished, this home is move-in ready! Enjoy your fruit producing trees of Loquat and avocados'. Community Highlights~~~ Brook 2 Bay is an active, friendly 55+ community offering a wealth of amenities — all for a low HOA fee of just $188/month. Enjoy: Heated community pool, Shuffleboard courts, Clubhouse with social activities, Community laundry, Boat docks (first come, first serve). This Perfect Location is just minutes to Manasota Key Beach and 13 minutes to Englewood Beach, you’ll be close to top restaurants, charming shops, live entertainment, and some of the best fishing in Southwest Florida. Whether you’re seeking a seasonal retreat or a year-round coastal home, this property offers the perfect blend of comfort, convenience, and community. Embrace the Florida lifestyle — your slice of paradise awaits at Brook 2 Bay!

20. 2025-10-28
    listed $169,900 Active 1926-char remark

    Show marketing remark (1926 chars)

    Welcome to Brook 2 Bay — A Vibrant 55+ Coastal Community! Discover one of the largest homes in Brook 2 Bay, offering 1,616 sq. ft. under air and situated on an oversized corner lot. This spacious 2-bedroom, 2-bathroom residence has been thoughtfully updated and lovingly maintained. This community offers a PRIVATE BOAT LAUNCH, and SMALL BOAT DOCKS with ACCESS to Lemon Bay to the Gulf of America. Recent Upgrades Include: New carport 2026! New Roof & A/C (2023), New ½" plywood subfloors with luxury vinyl laminate throughout, Newer storage shed, 9x30 enclosed Florida room with A/C — perfect for relaxing or entertaining year-round. The home features a bright, open great room, a kitchen with a cozy eat-in dining area, and large bay windows that fill the space with natural light. The hallway offers a convenient built-in desk area, while the laundry room includes a stackable washer/dryer and an exterior access door. The primary suite boasts a large walk-in closet plus an additional storage closet. Being sold partially furnished, this home is move-in ready! Enjoy your fruit producing trees of Loquat and avocados'. Community Highlights~~~ Brook 2 Bay is an active, friendly 55+ community offering a wealth of amenities — all for a low HOA fee of just $188/month. Enjoy: Heated community pool, Shuffleboard courts, Clubhouse with social activities, Community laundry, Boat docks (first come, first serve). This Perfect Location is just minutes to Manasota Key Beach and 13 minutes to Englewood Beach, you’ll be close to top restaurants, charming shops, live entertainment, and some of the best fishing in Southwest Florida. Whether you’re seeking a seasonal retreat or a year-round coastal home, this property offers the perfect blend of comfort, convenience, and community. Embrace the Florida lifestyle — your slice of paradise awaits at Brook 2 Bay!

21. 2025-08-18
    historical
22. 2025-05-19
    listed $175,000 Active
23. 1991-11-13
    soldstatus $36,000
24. 1985-11-01
    soldstatus $14,000

ⓘ 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: $943 · $79/mo
• Projected year-2 tax: $943 · $79/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 8/10 Severe FEMA zone AE · 96% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,344
• − Mortgage interest: −$6,022
• − Property taxes: −$943
• − Insurance: −$5,656
• − Repairs & maintenance: −$2,428
• − Management: −$2,428
• − HOA: −$2,256
• − Depreciation: −$3,127
• Taxable income: $7,485
• Est. tax owed @ 24.0%: −$1,796
• After-tax cash flow: $6,555/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 — Englewood

• Score: 73/100
• State rank: #321
• US rank: #5655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, FL
• County: Sarasota County · 448,376 people
• City population: 35,420
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 19,884
• Household income: $76,016
• Rent vs Own: 12.5% rent · 87.5% own
• Severe rent burden: 290.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Asian 1%
• Common ancestry: Romanian 7% Lithuanian 4% Iranian 2%
• Foreign-born: 9% · Canada
• Languages at home: 94% English-only · German/W. Germanic 2% Spanish 1% 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: ▼ -146.26%
• Current HPI: 281.0529
• Rent YoY: ▲ 9.02%
• 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

+667.9% since first listed

9 events — show timeline

• 2026-04-07 Price Changed $107,500 Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $139,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-23 Price Changed $144,900 Stellar MLS as Distributed by MLS Grid
• 2025-12-11 Price Changed $155,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-28 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-18 Listing Removed — FORTMLS
• 2025-05-19 Listed $175,000 FORTMLS
• 1991-11-13 Sold (Public Records) $36,000 Public Records
• 1985-11-01 Sold (Public Records) $14,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $943 · -5.5% YoY. Source: county tax records.