4014 Hina Dr · Lake Sarasota, FL 34241

$400,000

3 bd · 2.0 ba · 1,296 sqft · SingleFamily public records · 31 Days on market

Built 1984 7,709 sqft 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 +13.3/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• DSCR +4.0/10.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A well-maintained, Florida home in a centrally located Sarasota neighborhood! No HOA, no CDD, no Flood Insurance, no headaches. This house provides the tranquility and privacy needed for a perfect place to call home. With a total of 1216 sq ft of living space, this thoughtful floor plan includes 3 bedrooms, 2 bathrooms, 1 car garage, and a brightly lit Florida room which can be used as a second living space, office, playroom, and more. As you walk through the front door you will be met with a bright, cozy living room with large windows. A rock-lined fireplace stands as a lovely divider between the living space and the dining area. From the dining area you can step into the bright Florida room which overlooks the spacious and newly fenced backyard. This home has been updated in all the areas that count; NEW ROOF – 2021 with transferable warranty, NEW WATER HEATER – 2021, NEW AC – 2018, NEW EXTERIOR PAINT - 2021. Look no further to a quiet place to raise a family or retire, in an extremely sought-after neighborhood.

Key facts

• Florida room
• New water heater
• New roof

Tags

• ROCK-LINED ELECTRIC FIREPLACE
• FLORIDA ROOM
• PRIVATE BACKYARD OASIS
• BRAND-NEW PRIVACY FENCE
• NEW ROOF
• NEW WATER HEATER

Property features AI

Finance

• Financial info: Lease restrictions apply
• HOA & community: No association; Pets allowed

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water; Public sewer; Electricity connected; Cable connected
• Home design: Single family residence; One-story; Faces north; Homestead property
• Construction: Frame construction with wood siding; Shingle roof; Slab foundation; Built with approximately 1,296 sq ft living area
• Exterior features: Rain gutters; Sidewalk; Sliding doors; Wood fencing; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; High ceilings; Thermostat; Vaulted ceilings; Window treatments; Electric fireplace in living room
• Laundry & utility: Laundry area in kitchen; Washer and dryer connections

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $3 ($41/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 $324k (19.0% below list).
• Recommended offer: $324k (19.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#365 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing 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.
• Zoned schools: Lakeview Elementary School (math 73% / reading 74%, grade A, #260 of 2,144 statewide, top 13%, 691 students, 29% FRL); Sarasota Middle School (math 82% / reading 78%, grade A+, #21 of 571 statewide, top 4%, 1,278 students, 26% FRL); Riverview High School (math 61% / reading 65%, grade B-, #89 of 667 statewide, top 14%, 2,597 students, 35% FRL).
• Market conditions: Rents soft (-0.1%/yr); 566 active listings in the ZIP; high-income renter base; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 33% of the median local income ($116k/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 $3k of loan paydown is wiped out by about $12k 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 31 days — a 3% lower offer ($388k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y 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: 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 $324,135 (19.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
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: 0.81% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.04%
• DSCR: 1.00
• GRM: 10.3

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: -19.4%
• Equity multiple: 0.34×
• Total profit: $-74,177
• Equity at exit: $59,641

10-year hold

• IRR: -19.4%
• Equity multiple: 0.10×
• Total profit: $-101,340
• Equity at exit: $34,585

Cash invested: $112,000 (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 34241

• Rents YoY: -0.1%
• Active inventory: 566
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $3,241 medium
• Mortgage (P&I): −$2,098
• Tax from tax record: −$293 /mo · $3,515/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$681
• Net cashflow: $3

Break-even live

Break-even rent $3,237

Max offer price $400,000

Occupancy floor 95%

Sensitivity live

Price	-10% $230	-5% $117	+0% $3	+5% $-110	+10% $-223
Rent	-10% $-253	-5% $-125	+0% $3	+5% $131	+10% $259
Rate	-1.0pp $205	-0.5pp $105	base $3	+0.5pp $-100	+1.0pp $-206

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: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-07
   status Pending
2. 2026-04-06
   listed $400,000 Active
3. 2022-06-17
   soldstatus $424,600
4. 2022-06-16
   historical 1047-char remark

   Show marketing remark (1047 chars)

   A well-maintained, Florida home in a centrally located Sarasota neighborhood! No HOA, no CDD, no Flood Insurance, no headaches. This house provides the tranquility and privacy needed for a perfect place to call home. With a total of 1216 sq ft of living space, this thoughtful floor plan includes 3 bedrooms, 2 bathrooms, 1 car garage, and a brightly lit Florida room which can be used as a second living space, office, playroom, and more. As you walk through the front door you will be met with a bright, cozy living room with large windows. A rock-lined fireplace stands as a lovely divider between the living space and the dining area. From the dining area you can step into the bright Florida room which overlooks the spacious and newly fenced backyard. This home has been updated in all the areas that count; NEW ROOF – 2021 with transferable warranty, NEW WATER HEATER – 2021, NEW AC – 2018, NEW EXTERIOR PAINT - 2021. Look no further to a quiet place to raise a family or retire, in an extremely sought-after neighborhood.

5. 2022-06-15
   soldstatus $424,600 Closed 1047-char remark

   Show marketing remark (1047 chars)

   A well-maintained, Florida home in a centrally located Sarasota neighborhood! No HOA, no CDD, no Flood Insurance, no headaches. This house provides the tranquility and privacy needed for a perfect place to call home. With a total of 1216 sq ft of living space, this thoughtful floor plan includes 3 bedrooms, 2 bathrooms, 1 car garage, and a brightly lit Florida room which can be used as a second living space, office, playroom, and more. As you walk through the front door you will be met with a bright, cozy living room with large windows. A rock-lined fireplace stands as a lovely divider between the living space and the dining area. From the dining area you can step into the bright Florida room which overlooks the spacious and newly fenced backyard. This home has been updated in all the areas that count; NEW ROOF – 2021 with transferable warranty, NEW WATER HEATER – 2021, NEW AC – 2018, NEW EXTERIOR PAINT - 2021. Look no further to a quiet place to raise a family or retire, in an extremely sought-after neighborhood.

6. 2022-05-10
   status Pending 1047-char remark

   Show marketing remark (1047 chars)

   A well-maintained, Florida home in a centrally located Sarasota neighborhood! No HOA, no CDD, no Flood Insurance, no headaches. This house provides the tranquility and privacy needed for a perfect place to call home. With a total of 1216 sq ft of living space, this thoughtful floor plan includes 3 bedrooms, 2 bathrooms, 1 car garage, and a brightly lit Florida room which can be used as a second living space, office, playroom, and more. As you walk through the front door you will be met with a bright, cozy living room with large windows. A rock-lined fireplace stands as a lovely divider between the living space and the dining area. From the dining area you can step into the bright Florida room which overlooks the spacious and newly fenced backyard. This home has been updated in all the areas that count; NEW ROOF – 2021 with transferable warranty, NEW WATER HEATER – 2021, NEW AC – 2018, NEW EXTERIOR PAINT - 2021. Look no further to a quiet place to raise a family or retire, in an extremely sought-after neighborhood.

7. 2022-05-05
   listed $395,000 Active 1047-char remark

   Show marketing remark (1047 chars)

   A well-maintained, Florida home in a centrally located Sarasota neighborhood! No HOA, no CDD, no Flood Insurance, no headaches. This house provides the tranquility and privacy needed for a perfect place to call home. With a total of 1216 sq ft of living space, this thoughtful floor plan includes 3 bedrooms, 2 bathrooms, 1 car garage, and a brightly lit Florida room which can be used as a second living space, office, playroom, and more. As you walk through the front door you will be met with a bright, cozy living room with large windows. A rock-lined fireplace stands as a lovely divider between the living space and the dining area. From the dining area you can step into the bright Florida room which overlooks the spacious and newly fenced backyard. This home has been updated in all the areas that count; NEW ROOF – 2021 with transferable warranty, NEW WATER HEATER – 2021, NEW AC – 2018, NEW EXTERIOR PAINT - 2021. Look no further to a quiet place to raise a family or retire, in an extremely sought-after neighborhood.

8. 2016-05-27
   soldstatus $189,900 Sold 324-char remark

   Show marketing remark (324 chars)

   Great Opportunity in Lake Sarasota for a 3-Bedroom, 2-Bath Home with a 1-Car Garage, Family Room Fireplace - Fenced Back Yard Great Location Close to Lakeview Elementary School and the Paw Park! Home has many Updates and will be a Great first Time Buyer Home, No Deed Restrictions, Great Price and Value this is a Must See!!

9. 2016-05-27
   soldstatus $189,900

   Show marketing remark (324 chars)

   Great Opportunity in Lake Sarasota for a 3-Bedroom, 2-Bath Home with a 1-Car Garage, Family Room Fireplace - Fenced Back Yard Great Location Close to Lakeview Elementary School and the Paw Park! Home has many Updates and will be a Great first Time Buyer Home, No Deed Restrictions, Great Price and Value this is a Must See!!

10. 2016-04-12
    status Pending 324-char remark

    Show marketing remark (324 chars)

    Great Opportunity in Lake Sarasota for a 3-Bedroom, 2-Bath Home with a 1-Car Garage, Family Room Fireplace - Fenced Back Yard Great Location Close to Lakeview Elementary School and the Paw Park! Home has many Updates and will be a Great first Time Buyer Home, No Deed Restrictions, Great Price and Value this is a Must See!!

11. 2016-04-04
    status Active 324-char remark

    Show marketing remark (324 chars)

    Great Opportunity in Lake Sarasota for a 3-Bedroom, 2-Bath Home with a 1-Car Garage, Family Room Fireplace - Fenced Back Yard Great Location Close to Lakeview Elementary School and the Paw Park! Home has many Updates and will be a Great first Time Buyer Home, No Deed Restrictions, Great Price and Value this is a Must See!!

12. 2016-03-18
    historical 324-char remark

    Show marketing remark (324 chars)

    Great Opportunity in Lake Sarasota for a 3-Bedroom, 2-Bath Home with a 1-Car Garage, Family Room Fireplace - Fenced Back Yard Great Location Close to Lakeview Elementary School and the Paw Park! Home has many Updates and will be a Great first Time Buyer Home, No Deed Restrictions, Great Price and Value this is a Must See!!

13. 2016-03-17
    listed $189,900 324-char remark

    Show marketing remark (324 chars)

    Great Opportunity in Lake Sarasota for a 3-Bedroom, 2-Bath Home with a 1-Car Garage, Family Room Fireplace - Fenced Back Yard Great Location Close to Lakeview Elementary School and the Paw Park! Home has many Updates and will be a Great first Time Buyer Home, No Deed Restrictions, Great Price and Value this is a Must See!!

14. 1997-12-15
    soldstatus $88,000
15. 1987-08-01
    soldstatus $73,500

ⓘ 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: $3,515 · $293/mo
• Projected year-2 tax: $3,515 · $293/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,896
• − Mortgage interest: −$22,406
• − Property taxes: −$3,515
• − Insurance: −$2,000
• − Repairs & maintenance: −$3,112
• − Management: −$3,112
• − Depreciation: −$11,636
• Taxable loss: −$6,885
• Est. tax savings @ 24.0%: +$1,652
• After-tax cash flow: $1,693/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 — Lake Sarasota

• Score: 72/100
• State rank: #365
• US rank: #6453

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lake Sarasota, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 16,408
• Household income: $116,412
• Rent vs Own: 11.1% rent · 88.9% own
• Severe rent burden: 69.0

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 (89%)
• Race & ethnicity: White 89% Hispanic / Latino 8% Two or more races 6% Asian 1%
• Hispanic origin (detail): Puerto Rican 3% Cuban 1%
• Common ancestry: Romanian 7% Slovak 3% Scandinavian 2%
• Foreign-born: 10% · Canada, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Other Indo-European 3% Russian/Polish/Slavic 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: ▼ -363.72%
• Current HPI: 278.3404
• Rent YoY: ▬ -0.05%
• 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

+444.2% since first listed

15 events — show timeline

• 2026-05-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Listed $400,000 Stellar MLS as Distributed by MLS Grid
• 2022-06-17 Sold (Public Records) $424,600 Public Records
• 2022-06-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2022-06-15 Sold (MLS) $424,600 Stellar MLS as Distributed by MLS Grid
• 2022-05-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-05-05 Listed $395,000 Stellar MLS as Distributed by MLS Grid
• 2016-05-27 Sold (Public Records) $189,900 Public Records
• 2016-05-27 Sold (MLS) $189,900 Stellar MLS as Distributed by MLS Grid
• 2016-04-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-04-04 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-03-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-03-17 Listed $189,900 Stellar MLS as Distributed by MLS Grid
• 1997-12-15 Sold (Public Records) $88,000 Public Records
• 1987-08-01 Sold (Public Records) $73,500 Public Records

Property tax history

+7.2%/yr

Latest (2025): $3,515 · +1.4% YoY. Source: county tax records.