525 Manatee Ct #13 · Venice, FL 34285

$149,900

1 bd · 1.0 ba · 555 sqft · Townhouse public records · 168 Days on market

Built 1968 0.47 ac lot $390/mo HOA · 24% of rent

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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 +8.9/30.0
• ARV discount +7.5/15.0
• 1% rule +5.7/10.0
• Schools +5.4/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• DSCR +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Quiet 1 BR apt on Venice Island. 1 floor living. 4 blocks to Venice Beach. 2 blocks walk to town shops, restaurants, banks, post office. Parking at front door. Laundry on site. Great investment property. Renter responsible for electric and cable. 1 parking spot unit off street. No smoking.

Key facts

• restaurants
• 1 br apt
• banks

Tags

• 1 BR APT
• 1 FLOOR LIVING
• 4 BLOCKS TO VENICE BEACH
• 2 BLOCKS WALK TO TOWN SHOPS
• RESTAURANTS
• BANKS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath townhouse listed at $150k.

Deal economics

• At list price, monthly cash flow is $-120 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $129k (14.2% below list).
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $129k (14.2% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 80/100 on livability (#129 in FL, #1,925 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, 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 (+8.8%/yr); 468 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

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 168 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 21y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 24% of rent.
• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,681 (14.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 168 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1968 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
9. 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.
10. 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.
11. 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: 1.07% ✓
• Cap rate: 5.33%
• Cash-on-cash: -3.43%
• DSCR: 0.85
• GRM: 7.8

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: -14.5%
• Equity multiple: 0.45×
• Total profit: $-23,183
• Equity at exit: $22,351

10-year hold

• IRR: 2.5%
• Equity multiple: 1.23×
• Total profit: $9,702
• Equity at exit: $12,961

Cash invested: $41,972 (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 34285

• Rents YoY: 8.8%
• Active inventory: 468
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,611 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$154 /mo · $1,851/yr
• Insurance: −$62
• HOA: −$390
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $-120

Break-even live

Break-even rent $1,763

Max offer price $128,681

Occupancy floor —

Sensitivity live

Price	-10% $-35	-5% $-78	+0% $-120	+5% $-163	+10% $-205
Rent	-10% $-247	-5% $-184	+0% $-120	+5% $-56	+10% $7
Rate	-1.0pp $-45	-0.5pp $-82	base $-120	+0.5pp $-159	+1.0pp $-198

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $390 · $4,680/yr
• Likely covers: electriccable

Listing history 48 events

1. 2026-06-21
   days on market $149,900 Active 168 DOM
2. 2026-06-18
   days on market $149,900 Active 165 DOM
3. 2026-06-17
   days on market $149,900 Active 164 DOM
4. 2026-06-16
   days on market $149,900 Active 163 DOM
5. 2026-06-15
   days on market $149,900 Active 162 DOM
6. 2026-06-13
   days on market $149,900 Active 160 DOM
7. 2026-06-13
   days on market $149,900 Active 159 DOM
8. 2026-06-10
   days on market $149,900 Active 157 DOM
9. 2026-06-09
   days on market $149,900 Active 156 DOM
10. 2026-06-08
    days on market $149,900 Active 155 DOM
11. 2026-06-08
    days on market $149,900 Active 154 DOM
12. 2026-06-05
    days on market $149,900 Active 151 DOM
13. 2026-06-03
    days on market $149,900 Active 150 DOM
14. 2026-06-02
    days on market $149,900 Active 149 DOM
15. 2026-06-01
    days on market $149,900 Active 148 DOM
16. 2026-05-31
    days on market $149,900 Active 147 DOM
17. 2026-02-21
    price $149,900 291-char remark

    Show marketing remark (291 chars)

    Quiet 1 BR apt on Venice Island. 1 floor living. 4 blocks to Venice Beach. 2 blocks walk to town shops, restaurants, banks, post office. Parking at front door. Laundry on site. Great investment property. Renter responsible for electric and cable. 1 parking spot unit off street. No smoking.

18. 2026-02-03
    price $154,000 291-char remark

    Show marketing remark (291 chars)

    Quiet 1 BR apt on Venice Island. 1 floor living. 4 blocks to Venice Beach. 2 blocks walk to town shops, restaurants, banks, post office. Parking at front door. Laundry on site. Great investment property. Renter responsible for electric and cable. 1 parking spot unit off street. No smoking.

19. 2026-01-18
    status Active 291-char remark

    Show marketing remark (291 chars)

    Quiet 1 BR apt on Venice Island. 1 floor living. 4 blocks to Venice Beach. 2 blocks walk to town shops, restaurants, banks, post office. Parking at front door. Laundry on site. Great investment property. Renter responsible for electric and cable. 1 parking spot unit off street. No smoking.

20. 2025-12-23
    listed $159,900 Active 291-char remark

    Show marketing remark (291 chars)

    Quiet 1 BR apt on Venice Island. 1 floor living. 4 blocks to Venice Beach. 2 blocks walk to town shops, restaurants, banks, post office. Parking at front door. Laundry on site. Great investment property. Renter responsible for electric and cable. 1 parking spot unit off street. No smoking.

21. 2025-06-27
    historical
22. 2025-05-24
    price $169,000
23. 2025-05-08
    price $175,000
24. 2025-04-29
    listed $183,900 Active
25. 2024-04-01
    soldstatus $160,000
26. 2020-12-08
    soldstatus $125,000
27. 2020-11-30
    listed $125,000
28. 2020-03-10
    soldstatus $112,000
29. 2020-03-04
    soldstatus $112,000 Sold
30. 2020-02-05
    status Pending
31. 2020-01-16
    status Active
32. 2020-01-11
    status Pending
33. 2019-12-22
    price $114,900
34. 2019-12-05
    status Active
35. 2019-11-24
    status Pending
36. 2019-10-31
    listed $117,500 Active
37. 2017-06-27
    soldstatus $90,000
38. 2017-06-23
    soldstatus $90,000 Sold
39. 2017-06-07
    status Pending
40. 2017-06-01
    listed $110,000 Active
41. 2010-05-24
    soldstatus $42,900
42. 2010-03-15
    listed $41,900
43. 2008-02-28
    historical
44. 2007-10-04
    listed $112,900
45. 2007-03-09
    listed $118,900
46. 2006-03-23
    historical
47. 2005-07-01
    listed $159,000
48. 1986-04-01
    soldstatus $28,000

ⓘ 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: $1,851 · $154/mo
• Projected year-2 tax: $1,851 · $154/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 5/10 Major FEMA zone X (unshaded) · 31% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 27 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: $19,332
• − Mortgage interest: −$8,397
• − Property taxes: −$1,851
• − Insurance: −$750
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − HOA: −$4,680
• − Depreciation: −$4,361
• Taxable loss: −$3,799
• Est. tax savings @ 24.0%: +$912
• After-tax cash flow: $-530/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 — Venice

• Score: 80/100
• State rank: #129
• US rank: #1925

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Venice, FL
• County: Sarasota County · 448,376 people
• City population: 86,541
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 18,677
• Household income: $68,301
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 747.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 5% Italian 3%
• Foreign-born: 11% · Canada
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% German/W. Germanic 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: ▼ -329.42%
• Current HPI: 264.6389
• Rent YoY: ▲ 8.78%
• 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

+435.4% since first listed

32 events — show timeline

• 2026-02-21 Price Changed $149,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Price Changed $154,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-18 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-23 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-27 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-24 Price Changed $169,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-08 Price Changed $175,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-29 Listed $183,900 Stellar MLS as Distributed by MLS Grid
• 2024-04-01 Sold (Public Records) $160,000 Public Records
• 2020-12-08 Sold (Public Records) $125,000 Public Records
• 2020-11-30 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2020-03-10 Sold (Public Records) $112,000 Public Records
• 2020-03-04 Sold (MLS) $112,000 Stellar MLS as Distributed by MLS Grid
• 2020-02-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-01-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2020-01-11 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-12-22 Price Changed $114,900 Stellar MLS as Distributed by MLS Grid
• 2019-12-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2019-11-24 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-10-31 Listed $117,500 Stellar MLS as Distributed by MLS Grid
• 2017-06-27 Sold (Public Records) $90,000 Public Records
• 2017-06-23 Sold (MLS) $90,000 Stellar MLS as Distributed by MLS Grid
• 2017-06-07 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-06-01 Listed $110,000 Stellar MLS as Distributed by MLS Grid
• 2010-05-24 Sold (MLS) $42,900 Stellar MLS as Distributed by MLS Grid
• 2010-03-15 Listed $41,900 Stellar MLS as Distributed by MLS Grid
• 2008-02-28 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-10-04 Listed $112,900 Stellar MLS as Distributed by MLS Grid
• 2007-03-09 Listed $118,900 Stellar MLS as Distributed by MLS Grid
• 2006-03-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2005-07-01 Listed $159,000 Stellar MLS as Distributed by MLS Grid
• 1986-04-01 Sold (Public Records) $28,000 Public Records

Property tax history

+7.1%/yr

Latest (2025): $1,851 · -1.5% YoY. Source: county tax records.