Corsica Plan · Venice, FL 34241

$407,990

4 bd · 2.0 ba · 1,908 sqft · SingleFamily · 570 Days on market

Excellent condition ↓ 19% since listing

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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 +13.1/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Condition / age +4.8/5.0
• Livability +4.0/5.0
• DSCR +3.9/10.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

Key facts

• 2 garage spots
• Listed 569 days

Tags

• ENTERTAIN ON THE COVERED LANAI

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $408k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-14 ($-169/yr) — negative.
• To cash-flow at today's rent, offer at most $406k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $355k (13.0% below list).
• Recommended offer: $355k (13.0% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Laurel Nokomis School (math 78% / reading 73%, grade A, #211 of 2,144 statewide, top 10%, 1,411 students, 35% FRL); Venice Senior High School (math 67% / reading 61%, grade B-, #86 of 667 statewide, top 13%, 2,584 students, 31% 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 37% 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 570 days — a 12% lower offer ($359k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; major 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 $355,123 (13.0% 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 570 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 0.87% ✗
• Cap rate: 6.25%
• Cash-on-cash: -0.15%
• DSCR: 0.99
• GRM: 9.6

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: -20.0%
• Equity multiple: 0.32×
• Total profit: $-77,361
• Equity at exit: $60,833

10-year hold

• IRR: -21.2%
• Equity multiple: 0.05×
• Total profit: $-108,519
• Equity at exit: $35,276

Cash invested: $114,237 (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: 9.6×

Monthly cashflow live

• Estimated rent: $3,551 medium
• Mortgage (P&I): −$2,140
• Tax est. 1.5%: −$510 /mo · $6,120/yr
• Insurance: −$170
• HOA: −$0
• Vacancy / Maint / Mgmt: −$746
• Net cashflow: $-14

Break-even live

Break-even rent $3,569

Max offer price $405,956

Occupancy floor 95%

Sensitivity live

Price	-10% $268	-5% $127	+0% $-14	+5% $-155	+10% $-296
Rent	-10% $-295	-5% $-154	+0% $-14	+5% $126	+10% $266
Rate	-1.0pp $191	-0.5pp $90	base $-14	+0.5pp $-120	+1.0pp $-227

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: $101,998
• Closing costs: $12,240
• Reserves months: —
• Total cash needed: —

Listing history 40 events

1. 2026-06-21
   days on market $407,990 Active 570 DOM
2. 2026-06-18
   days on market $407,990 Active 567 DOM
3. 2026-06-17
   days on market $407,990 Active 566 DOM
4. 2026-06-15
   days on market $407,990 Active 564 DOM
5. 2026-06-13
   days on market $407,990 Active 562 DOM
6. 2026-06-13
   days on market $407,990 Active 561 DOM
7. 2026-06-10
   days on market $407,990 Active 559 DOM
8. 2026-06-09
   days on market $407,990 Active 558 DOM
9. 2026-06-08
   days on market $407,990 Active 556 DOM
10. 2026-06-05
    days on market $407,990 Active 553 DOM
11. 2026-06-03
    days on market $407,990 Active 552 DOM
12. 2026-06-02
    days on market $407,990 Active 551 DOM
13. 2026-06-01
    days on market $407,990 Active 550 DOM
14. 2026-05-31
    days on market $407,990 Active 549 DOM
15. 2025-10-25
    price $407,990 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

16. 2025-09-27
    price $443,899 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

17. 2025-09-26
    price $415,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

18. 2025-09-23
    price $443,899 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

19. 2025-09-06
    price $415,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

20. 2025-08-29
    price $420,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

21. 2025-08-22
    price $422,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

22. 2025-08-15
    price $423,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

23. 2025-08-11
    price $444,800 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

24. 2025-08-07
    price $423,280 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

25. 2025-07-16
    price $424,900 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

26. 2025-07-02
    price $429,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

27. 2025-06-25
    price $430,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

28. 2025-06-18
    price $456,900 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

29. 2025-05-20
    price $440,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

30. 2025-05-08
    price $459,900 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

31. 2025-05-01
    price $440,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

32. 2025-04-22
    price $453,280 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

33. 2025-04-01
    price $450,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

34. 2025-03-28
    price $430,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

35. 2025-03-05
    price $440,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

36. 2025-02-19
    price $450,000 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

37. 2025-01-17
    price $474,850 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

38. 2025-01-04
    price $487,950 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

39. 2024-12-04
    price $484,950 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

40. 2024-11-29
    listed $501,025 Active 198-char remark

    Show marketing remark (198 chars)

    The Corsica floorplan offers an open-concept floorplan with 4 bedrooms, 2 bathrooms and a 2-car garage. Enjoy the chef-inspired kitchen that overlooks the great room. Entertain on the covered lanai.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 54% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $42,615
• − Mortgage interest: −$22,854
• − Property taxes: −$6,120
• − Insurance: −$2,040
• − Repairs & maintenance: −$3,409
• − Management: −$3,409
• − Depreciation: −$11,869
• Taxable loss: −$7,086
• Est. tax savings @ 24.0%: +$1,701
• After-tax cash flow: $1,532/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.

Condition & rehab AI · 7 photos

Excellent 95/100 None rehab

This home is in excellent condition with a modern and well-maintained interior and exterior. It offers a high ROI with minimal updates needed to maximize its resale and rental value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value.
• Both Adding smart home features — Smart home features can increase property value and attract tech-savvy buyers/tenants.
• Resale Upgrading the kitchen appliances — Modern, high-end appliances can significantly boost the home's resale value.
• Rental Adding a smart thermostat — Smart thermostats can reduce energy costs and attract tech-savvy tenants.
• Resale Upgrading the flooring in the bathrooms — High-quality flooring can enhance the home's overall appearance and value.
• Both Adding a smart security system — A smart security system can increase property value and attract buyers/tenants who prioritize safety and security.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑
• Both Adding smart home features — Smart home features can increase property value and attract tech-savvy buyers/tenants. ↑
• Resale Upgrading the kitchen appliances — Modern, high-end appliances can significantly boost the home's resale value. ↑
• Rental Adding a smart thermostat — Smart thermostats can reduce energy costs and attract tech-savvy tenants. ↑
• Resale Upgrading the flooring in the bathrooms — High-quality flooring can enhance the home's overall appearance and value. ↑
• Both Adding a smart security system — A smart security system can increase property value and attract buyers/tenants who prioritize safety and security. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 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

-18.6% since first listed

26 events — show timeline

• 2025-10-25 Price Changed $407,990 Zillow
• 2025-09-27 Price Changed $443,899 Zillow
• 2025-09-26 Price Changed $415,000 Zillow
• 2025-09-23 Price Changed $443,899 Zillow
• 2025-09-06 Price Changed $415,000 Zillow
• 2025-08-29 Price Changed $420,000 Zillow
• 2025-08-22 Price Changed $422,000 Zillow
• 2025-08-15 Price Changed $423,000 Zillow
• 2025-08-11 Price Changed $444,800 Zillow
• 2025-08-07 Price Changed $423,280 Zillow
• 2025-07-16 Price Changed $424,900 Zillow
• 2025-07-02 Price Changed $429,000 Zillow
• 2025-06-25 Price Changed $430,000 Zillow
• 2025-06-18 Price Changed $456,900 Zillow
• 2025-05-20 Price Changed $440,000 Zillow
• 2025-05-08 Price Changed $459,900 Zillow
• 2025-05-01 Price Changed $440,000 Zillow
• 2025-04-22 Price Changed $453,280 Zillow
• 2025-04-01 Price Changed $450,000 Zillow
• 2025-03-28 Price Changed $430,000 Zillow
• 2025-03-05 Price Changed $440,000 Zillow
• 2025-02-19 Price Changed $450,000 Zillow
• 2025-01-17 Price Changed $474,850 Zillow
• 2025-01-04 Price Changed $487,950 Zillow
• 2024-12-04 Price Changed $484,950 Zillow
• 2024-11-29 Listed $501,025 Zillow