8274 Herbison Ave · North Port, FL 34287

$150,000

4 bd · 1.0 ba · 1,820 sqft · SingleFamily public records · 154 Days on market

Built 1963 8,050 sqft lot $82/sqft · 66% below area

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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
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

Key facts

• Walk-in closet
• Cozy front porch
• 8,050 sq ft lot

Tags

• COZY FRONT PORCH
• CLASSIC WOOD CABINETS
• DEDICATED DINING ROOM
• EXTRA-LARGE FAMILY ROOM
• SLIDING DOOR TO BACKYARD
• WALK-IN CLOSET

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $650 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% 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; 1 comparable units currently listed for rent nearby; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 42% 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 $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.
• At projected returns (-3.0% appreciation + 0.3% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 154 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $64k; list at $150k implies a 134% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 154 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 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.48% ✓
• Cap rate: 11.49%
• Cash-on-cash: 18.56%
• DSCR: 1.83
• GRM: 5.6

CMA / ARV

• ARV (median comp): $443,567
• List price: $150,000
• Delta: -66.18%
• Verdict: UNDERPRICED
• Comps: 9 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 7.1%
• Equity multiple: 1.27×
• Total profit: $11,182
• Equity at exit: $22,365

10-year hold

• IRR: 13.7%
• Equity multiple: 1.96×
• Total profit: $40,165
• Equity at exit: $12,969

Cash invested: $42,000 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 852
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,221 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$256 /mo · $3,073/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $650

Break-even live

Break-even rent $1,399

Max offer price $150,000

Occupancy floor 66%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15 Ramblewood St Port Charlotte, FL	4.0	3.0	1795	$2,200	$1.23	20d	1	1.41mi

Listing history 24 events

1. 2026-05-19
   price $150,000 1648-char remark

   Show marketing remark (1648 chars)

   This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

2. 2026-04-06
   price $168,800 1648-char remark

   Show marketing remark (1648 chars)

   This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

3. 2026-02-12
   status Active 1648-char remark

   Show marketing remark (1648 chars)

   This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

4. 2026-02-03
   status Pending 1648-char remark

   Show marketing remark (1648 chars)

   This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

5. 2026-01-06
   status Active 1648-char remark

   Show marketing remark (1648 chars)

   This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

6. 2025-12-30
   status Pending 1648-char remark

   Show marketing remark (1648 chars)

   This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

7. 2025-12-03
   listed $174,700 Active 1648-char remark

   Show marketing remark (1648 chars)

   This spacious 4-bedroom, 2-bath home is full of potential and ready for someone with vision to bring it back to life. From the moment you step onto the cozy front porch, you can see the charm waiting to be restored. Inside, the kitchen features classic wood cabinets and plenty of storage—perfect for updating, customizing, or keeping as-is while you work. The stove and microwave are already in place to get you started. A dedicated dining room offers great space for family meals, and just off to the side sits an extra-large family room that really shows off what this home could become. With its sliding door leading to the backyard, this bright and open area is ideal for future entertaining. The cement deck out back is a solid foundation for anyone dreaming of an outdoor kitchen, grilling area, or sun-soaked patio space. The master bedroom includes a generous walk-in closet, and the master bathroom features a tiled shower/tub combo, wood cabinetry, and a cultured marble countertop—ready for a refresh or remodel. All four bedrooms include ceiling fans, and the second bathroom offers a Roman shower and single-sink setup that could easily be transformed with the right touches. Central AC is already installed to keep you comfortable while you make improvements. This home is a true handyman special—solid bones, spacious rooms, and tons of opportunity. Whether you're looking to renovate, invest, or create your ideal living space from the ground up, this property offers the perfect canvas to make your vision a reality. Centrally located close to schools, shopping and restaurants. Call today for your private tour!

8. 2025-09-11
   historical $1,600
9. 2025-06-19
   price $1,600
10. 2025-05-21
    price $1,650
11. 2025-05-15
    price $1,750
12. 2025-05-08
    listed $1,850
13. 2025-04-22
    status Pending
14. 2025-04-22
    historical
15. 2025-04-20
    historical $1,850
16. 2025-03-19
    listed $1,850
17. 2025-03-07
    price $199,800
18. 2024-10-03
    listed $235,000 Active
19. 2024-09-15
    historical $1,500
20. 2024-09-10
    listed $1,500
21. 2005-09-12
    listed $185,000
22. 2000-06-16
    soldstatus $64,000
23. 1991-05-03
    soldstatus $47,000
24. 1970-01-01
    soldstatus $11,000

ⓘ 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: $3,073 · $256/mo
• Projected year-2 tax: $3,073 · $256/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 6/10 Major FEMA zone X (unshaded) · 66% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,656
• − Mortgage interest: −$8,402
• − Property taxes: −$3,073
• − Insurance: −$750
• − Repairs & maintenance: −$2,132
• − Management: −$2,132
• − Depreciation: −$4,364
• Taxable income: $5,801
• Est. tax owed @ 24.0%: −$1,392
• After-tax cash flow: $6,403/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

+1263.6% since first listed

24 events — show timeline

• 2026-05-19 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Price Changed $168,800 Stellar MLS as Distributed by MLS Grid
• 2026-02-12 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-12-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-12-03 Listed $174,700 Stellar MLS as Distributed by MLS Grid
• 2025-09-11 Rental Removed $1,600 TURBOTENANT
• 2025-06-19 Price Changed $1,600 TURBOTENANT
• 2025-05-21 Price Changed $1,650 TURBOTENANT
• 2025-05-15 Price Changed $1,750 TURBOTENANT
• 2025-05-08 Listed for Rent $1,850 TURBOTENANT
• 2025-04-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-04-22 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-20 Rental Removed $1,850 TURBOTENANT
• 2025-03-19 Listed for Rent $1,850 TURBOTENANT
• 2025-03-07 Price Changed $199,800 Stellar MLS as Distributed by MLS Grid
• 2024-10-03 Listed $235,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-15 Rental Removed $1,500 TURBOTENANT
• 2024-09-10 Listed for Rent $1,500 TURBOTENANT
• 2005-09-12 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2000-06-16 Sold (Public Records) $64,000 Public Records
• 1991-05-03 Sold (Public Records) $47,000 Public Records
• 1970-01-01 Sold (Public Records) $11,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $3,073 · +2.1% YoY. Source: county tax records.