5662 S Salford Blvd · North Port, FL 34287

$279,900

3 bd · 2.0 ba · 1,585 sqft · SingleFamily public records · 50 Days on market

Built 1986 10,000 sqft lot $177/sqft · 25% below area Est $371k · 25% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.1/30.0
• Schools +5.4/10.0
• DSCR +3.9/10.0
• Livability +3.8/5.0
• 1% rule +2.7/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated seller! Beautiful pool home with new roof (2023) in the heart of North Port! This well-kept 3-bedroom, 2-bath home with a 2-car garage offers comfort, style, and convenience in one great package. The home features a newly refurbished pool with fresh brick pavers and a new pool cage, giving the outdoor space a clean, modern feel. Even better, this property is not located in a flood zone, adding peace of mind. From the moment you arrive, you’re welcomed by a screened front porch that leads into a bright living room and dining room, perfect for relaxing or entertaining. The eat-in galley kitchen is both functional and inviting, featuring a double stainless steel sink, a tiled backsplash, and a newer refrigerator that is only one year old. A pass-through window connects the kitchen to the family room, making it easy to stay connected while cooking or hosting. The family room offers direct access to the pool patio, creating a smooth indoor-outdoor flow that’s perfect for Florida living. Tile flooring runs throughout the entire home, offering easy maintenance and a clean, polished look. The master bedroom is a private retreat with sliding glass doors that open to the pool patio, a walk-in closet, and a ceiling fan for added comfort. The master bathroom includes a walk-in shower for a sleek and simple design. The second and third bedrooms both feature ceiling fans, and the third bedroom stands out with dual walk-in closets, offering extra storage space. The guest bathroom includes a tub and shower combination, providing flexibility and convenience. Step outside to the covered and screened 24x12 lanai, a perfect spot to enjoy your morning coffee or unwind at the end of the day. The fenced yard adds privacy and function, making the outdoor space even more enjoyable. This home is centrally located within walking distance to the Cocoplum Shopping plaza! Schools nearby! Easy access to US-41 and I-75 makes commuting simple and efficient. Don’t miss this opportunity—schedule your private tour today!

Key facts

• Screened front porch
• New pool cage
• Fresh brick pavers

Tags

• NEW ROOF
• NEWLY REFURBISHED POOL
• FRESH BRICK PAVERS
• NEW POOL CAGE
• NOT LOCATED IN A FLOOD ZONE
• SCREENED FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $-8 ($-98/yr) — negative.
• To cash-flow at today's rent, offer at most $278k (0.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $216k (22.7% below list).
• Recommended offer: $216k (22.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% 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; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 41% 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 $2k of loan paydown is wiped out by about $8k 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 50 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $78k; list at $280k implies a 259% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $216,487 (22.7% 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 50 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.77% ✗
• Cap rate: 6.26%
• Cash-on-cash: -0.13%
• DSCR: 0.99
• GRM: 10.8

CMA / ARV

• ARV (median comp): $371,027
• List price: $279,900
• Delta: -24.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14325 Aldridge Ave	0.71mi	4/2.0 (+1)	1,670 (+5%)	2mo	$480,000	$287	52
15102 Keene Ave	0.63mi	3/2.0	1,469 (-7%)	14mo	$313,000	$213	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -19.3%
• Equity multiple: 0.34×
• Total profit: $-51,787
• Equity at exit: $41,734

10-year hold

• IRR: -18.2%
• Equity multiple: 0.12×
• Total profit: $-68,740
• Equity at exit: $24,201

Cash invested: $78,372 (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: 10.8×

Monthly cashflow live

• Estimated rent: $2,165 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$134 /mo · $1,608/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$455
• Net cashflow: $-8

Break-even live

Break-even rent $2,175

Max offer price $278,453

Occupancy floor 95%

Sensitivity live

Price	-10% $150	-5% $71	+0% $-8	+5% $-87	+10% $-167
Rent	-10% $-179	-5% $-94	+0% $-8	+5% $77	+10% $163
Rate	-1.0pp $133	-0.5pp $63	base $-8	+0.5pp $-81	+1.0pp $-155

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: $69,975
• Closing costs: $8,397
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14500 Ransom Ave Port Charlotte, FL	2.0	2.0	1208	$1,976	$1.64	21d	1	0.57mi
96 Westview Pl Port Charlotte, FL	1.0–3.0	1.0–2.0	1120	$2,303	$2.06	14d	38	0.61mi
14134 Packard Ave Port Charlotte, FL	4.0	2.0	1833	$2,095	$1.14	14d	1	0.73mi
312 Bamboo Dr Port Charlotte, FL	3.0	2.0	1200	$2,300	$1.92	21d	1	1.19mi
304 Camillia Ln Unit A Port Charlotte, FL	2.0	2.0	1986	$1,495	$0.75	21d	1	1.24mi
385 Bowman Ter Unit 387 Port Charlotte, FL	3.0	2.0	1200	$1,900	$1.58	21d	1	1.26mi
406 Border St Port Charlotte, FL	3.0	2.0	2200	$2,500	$1.14	21d	1	1.27mi
358 Bamboo Dr Port Charlotte, FL	2.0	2.0	1052	$1,399	$1.33	21d	1	1.28mi

Listing history 7 events

1. 2026-06-05
   statusdays on market $279,900 Pending 50 DOM
2. 2026-06-03
   days on market $279,900 Active 49 DOM
3. 2026-06-02
   days on market $279,900 Active 48 DOM
4. 2026-06-01
   days on market $279,900 Active 47 DOM
5. 2026-05-31
   days on market $279,900 Active 46 DOM
6. 2026-04-15
   listed $279,900 Active 2054-char remark

   Show marketing remark (2054 chars)

   Motivated seller! Beautiful pool home with new roof (2023) in the heart of North Port! This well-kept 3-bedroom, 2-bath home with a 2-car garage offers comfort, style, and convenience in one great package. The home features a newly refurbished pool with fresh brick pavers and a new pool cage, giving the outdoor space a clean, modern feel. Even better, this property is not located in a flood zone, adding peace of mind. From the moment you arrive, you’re welcomed by a screened front porch that leads into a bright living room and dining room, perfect for relaxing or entertaining. The eat-in galley kitchen is both functional and inviting, featuring a double stainless steel sink, a tiled backsplash, and a newer refrigerator that is only one year old. A pass-through window connects the kitchen to the family room, making it easy to stay connected while cooking or hosting. The family room offers direct access to the pool patio, creating a smooth indoor-outdoor flow that’s perfect for Florida living. Tile flooring runs throughout the entire home, offering easy maintenance and a clean, polished look. The master bedroom is a private retreat with sliding glass doors that open to the pool patio, a walk-in closet, and a ceiling fan for added comfort. The master bathroom includes a walk-in shower for a sleek and simple design. The second and third bedrooms both feature ceiling fans, and the third bedroom stands out with dual walk-in closets, offering extra storage space. The guest bathroom includes a tub and shower combination, providing flexibility and convenience. Step outside to the covered and screened 24x12 lanai, a perfect spot to enjoy your morning coffee or unwind at the end of the day. The fenced yard adds privacy and function, making the outdoor space even more enjoyable. This home is centrally located within walking distance to the Cocoplum Shopping plaza! Schools nearby! Easy access to US-41 and I-75 makes commuting simple and efficient. Don’t miss this opportunity—schedule your private tour today!

7. 1988-12-28
   soldstatus $78,000

ⓘ 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: $1,608 · $134/mo
• Projected year-2 tax: $2,323 · $194/mo
• Expected delta: +$715/yr (+$60/mo · 44.5%)

ⓘ 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) · 26% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,978
• − Mortgage interest: −$15,679
• − Property taxes: −$1,608
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,078
• − Management: −$2,078
• − Depreciation: −$8,143
• Taxable loss: −$5,007
• Est. tax savings @ 24.0%: +$1,202
• After-tax cash flow: $1,103/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

+258.8% since first listed

2 events — show timeline

• 2026-04-15 Listed $279,900 Stellar MLS as Distributed by MLS Grid
• 1988-12-28 Sold (Public Records) $78,000 Public Records

Property tax history

+2.8%/yr

Latest (2025): $1,608 · +9.5% YoY. Source: county tax records.