438 Celeste St · Port Charlotte, FL 33954

$5,000

3 bd · 2.0 ba · 1,438 sqft · SingleFamily public records · 8 Days on market

Built 2008

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.6/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HONEY STOP THE CAR! WE NEED TO SEE THE HOME. Nicely updated 3 bedroom, 2 bath, 2 car garage home built in 2008, just minutes from down town Port Charlotte. NO HOA, NO DEED RESTRICTIONS, AND NOT IN A FLOOD ZONE! Eat-in kitchen has lots of cabinetry, granite countertops, stainless appliances, plant shelving and closet pantry. Combination living and dining area with tall cathedral ceilings. Large master suite has a walk-in closet, an ensuite with jetted garden tub, tiles walk-in shower, dual sinks and separate commode area. Nice size guest bedrooms have wall closets and ceiling fans. Guest bath has a combination tub/shower. FENCED BACKYARD is perfect for the kiddos and fido. ROOM FOR A POOL, pool company to determine the size of pool. This Southwest Florida location is ideal for year-round enjoyment of boating, fishing, golfing, Several Gulf beaches, beautiful natural resources, many restaurants, parks, public tennis courts and shopping. Cultural events are held throughout the year, multiple baseball parks are also located close by. Home is located just 10 minutes from Tampa Bay Rays Training Stadium, less than 2 miles from shopping mall & many Parks, 30 minutes from multiple Gulf Beaches, Punta Gorda regional Airport is located 10 miles away which is serviced by Allegiant air. Fisherman's Village and Historic District are about 10 miles away with multiple restaurants and shopping. PRICED FOR SALE SO DON'T DELAY, CALL TODAY!

Key facts

• 2 garage spots
• Built 2008
• Listed 8 days

Property features AI

Exterior

• Parking: 2-car garage
• Home design: Residential property; 1 story
• Exterior features: Lot approximately 0.23 acres; Zoned RSF3

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Single-story layout

🏷️ Possibly a rental listed for sale. The $5,000 price doesn't fit this home's estimated sale value (~$317,798) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $5k.

Deal economics

• At list price, monthly cash flow is $2k ($19k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $5k).
• Cap rate 391.0% vs local median 4.4% in Port Charlotte — 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 65/100 on livability (#655 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, employment D, amenities F.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents falling (-3.5%/yr); 689 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).
• This rent runs 32% of the median local income ($78k/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 $35 of loan paydown is wiped out by about $150 of value loss. Plan a longer hold.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $1k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 22y 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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $5,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 41.46% ✓
• Cap rate: 391.00%
• Cash-on-cash: 1373.94%
• DSCR: 62.13
• GRM: 0.2

CMA / ARV

• ARV (on-the-fly): $317,798
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19079 Willard Ave	0.41mi	3/2.0	1,437 (-0%)	13mo	$315,000	$219	70
18455 Lansford Ave	0.31mi	3/2.0	1,393 (-3%)	19mo	$313,000	$225	65
1073 Live Oak Cir #1	0.59mi	3/2.0	1,561 (+9%)	4mo	$320,900	$206	55
1249 White Oak Trl	0.68mi	3/2.0	1,535 (+7%)	5mo	$277,500	$181	53
1349 Old Oak Trl	0.71mi	3/2.0	1,535 (+7%)	9mo	$385,000	$251	48
1013 Live Oak Cir #13	0.69mi	3/2.0	1,561 (+9%)	16mo	$344,900	$221	40
18340 Laramie Ave	0.70mi	3/2.0	1,570 (+9%)	17mo	$380,000	$242	37

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 69.03×
• Total profit: $95,238
• Equity at exit: $746

10-year hold

• IRR: —
• Equity multiple: 137.46×
• Total profit: $191,043
• Equity at exit: $432

Cash invested: $1,400 (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 33954

• Home prices YoY: -13.3%
• Rents YoY: -3.5%
• Active inventory: 689
• Price-to-rent: 0.2×

Monthly cashflow live

• Estimated rent: $2,073 high
• Mortgage (P&I): −$26
• Tax est. 1.5%: −$6 /mo · $75/yr
• Insurance: −$2
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $1,603

Break-even live

Break-even rent $44

Max offer price $5,000

Occupancy floor 18%

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: $1,250
• Closing costs: $150
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18400 Tulane Ave Port Charlotte, FL	4.0	2.0	1636	$2,600	$1.59	13d	1	0.42mi
678 Rutland Cir Port Charlotte, FL	4.0	2.0	1833	$1,925	$1.05	13d	1	0.43mi
18412 Moonshadow Ave Port Charlotte, FL	4.0	2.0	1833	$1,895	$1.03	21d	1	0.52mi
18404 Moonshadow Ave Port Charlotte, FL	4.0	2.0	1833	$1,995	$1.09	21d	1	0.53mi
19335 Water Oak Dr #108 Port Charlotte, FL	3.0	2.0	1207	$1,950	$1.62	21d	1	0.60mi
375 Denver Dr Port Charlotte, FL	3.0	2.0	1534	$2,199	$1.43	21d	1	0.70mi
225 Overbrook St Unit NA Port Charlotte, FL	3.0	2.0	1698	$2,400	$1.41	13d	1	0.78mi
425 Ricold Ter Port Charlotte, FL	2.0	2.0	912	$1,400	$1.54	21d	1	0.89mi
18118 Sullivan Ave Port Charlotte, FL	4.0	2.0	1481	$1,860	$1.26	21d	1	0.96mi
20012 Goldcup Ct Port Charlotte, FL	2.0	2.0	923	$1,595	$1.73	21d	1	0.98mi
19505 Quesada Ave Port Charlotte, FL	1.0–2.0	1.0–2.0	797	$2,800	$3.51	13d	8	1.07mi
1275 Price Cir NW Port Charlotte, FL	3.0	2.0	1810	$1,700	$0.94	21d	1	1.14mi
504 Vannell St Port Charlotte, FL	3.0	2.0	1698	$1,700	$1.00	21d	1	1.31mi
1261 Joplin Ave NW Port Charlotte, FL	2.0	2.0	1200	$1,950	$1.62	21d	1	1.39mi
1515 Forrest Nelson Blvd Port Charlotte, FL	2.0	2.0	899	$2,000	$2.22	21d	2	1.43mi
20217 Renwick Ave Port Charlotte, FL	4.0	2.0	1556	$2,050	$1.32	21d	1	1.44mi
2144 Pellam Blvd Port Charlotte, FL	4.0	2.5	1751	$2,106	$1.20	13d	1	1.50mi

Listing history 22 events

1. 2026-06-03
   days on market $5,000 Active 8 DOM
2. 2026-06-02
   days on market $5,000 Active 7 DOM
3. 2026-06-01
   days on market $5,000 Active 6 DOM
4. 2026-05-31
   days on market $5,000 Active 5 DOM
5. 2026-05-30
   days on market $5,000 Active 4 DOM
6. 2026-05-26
   listed $5,000 Active
7. 2022-07-25
   soldstatus $349,900
8. 2022-07-22
   soldstatus $349,900 Closed 1451-char remark

   Show marketing remark (1451 chars)

   HONEY STOP THE CAR! WE NEED TO SEE THE HOME. Nicely updated 3 bedroom, 2 bath, 2 car garage home built in 2008, just minutes from down town Port Charlotte. NO HOA, NO DEED RESTRICTIONS, AND NOT IN A FLOOD ZONE! Eat-in kitchen has lots of cabinetry, granite countertops, stainless appliances, plant shelving and closet pantry. Combination living and dining area with tall cathedral ceilings. Large master suite has a walk-in closet, an ensuite with jetted garden tub, tiles walk-in shower, dual sinks and separate commode area. Nice size guest bedrooms have wall closets and ceiling fans. Guest bath has a combination tub/shower. FENCED BACKYARD is perfect for the kiddos and fido. ROOM FOR A POOL, pool company to determine the size of pool. This Southwest Florida location is ideal for year-round enjoyment of boating, fishing, golfing, Several Gulf beaches, beautiful natural resources, many restaurants, parks, public tennis courts and shopping. Cultural events are held throughout the year, multiple baseball parks are also located close by. Home is located just 10 minutes from Tampa Bay Rays Training Stadium, less than 2 miles from shopping mall & many Parks, 30 minutes from multiple Gulf Beaches, Punta Gorda regional Airport is located 10 miles away which is serviced by Allegiant air. Fisherman's Village and Historic District are about 10 miles away with multiple restaurants and shopping. PRICED FOR SALE SO DON'T DELAY, CALL TODAY!

9. 2022-05-29
   status Pending 1451-char remark

   Show marketing remark (1451 chars)

   HONEY STOP THE CAR! WE NEED TO SEE THE HOME. Nicely updated 3 bedroom, 2 bath, 2 car garage home built in 2008, just minutes from down town Port Charlotte. NO HOA, NO DEED RESTRICTIONS, AND NOT IN A FLOOD ZONE! Eat-in kitchen has lots of cabinetry, granite countertops, stainless appliances, plant shelving and closet pantry. Combination living and dining area with tall cathedral ceilings. Large master suite has a walk-in closet, an ensuite with jetted garden tub, tiles walk-in shower, dual sinks and separate commode area. Nice size guest bedrooms have wall closets and ceiling fans. Guest bath has a combination tub/shower. FENCED BACKYARD is perfect for the kiddos and fido. ROOM FOR A POOL, pool company to determine the size of pool. This Southwest Florida location is ideal for year-round enjoyment of boating, fishing, golfing, Several Gulf beaches, beautiful natural resources, many restaurants, parks, public tennis courts and shopping. Cultural events are held throughout the year, multiple baseball parks are also located close by. Home is located just 10 minutes from Tampa Bay Rays Training Stadium, less than 2 miles from shopping mall & many Parks, 30 minutes from multiple Gulf Beaches, Punta Gorda regional Airport is located 10 miles away which is serviced by Allegiant air. Fisherman's Village and Historic District are about 10 miles away with multiple restaurants and shopping. PRICED FOR SALE SO DON'T DELAY, CALL TODAY!

10. 2022-05-26
    listed $349,900 Active 1451-char remark

    Show marketing remark (1451 chars)

    HONEY STOP THE CAR! WE NEED TO SEE THE HOME. Nicely updated 3 bedroom, 2 bath, 2 car garage home built in 2008, just minutes from down town Port Charlotte. NO HOA, NO DEED RESTRICTIONS, AND NOT IN A FLOOD ZONE! Eat-in kitchen has lots of cabinetry, granite countertops, stainless appliances, plant shelving and closet pantry. Combination living and dining area with tall cathedral ceilings. Large master suite has a walk-in closet, an ensuite with jetted garden tub, tiles walk-in shower, dual sinks and separate commode area. Nice size guest bedrooms have wall closets and ceiling fans. Guest bath has a combination tub/shower. FENCED BACKYARD is perfect for the kiddos and fido. ROOM FOR A POOL, pool company to determine the size of pool. This Southwest Florida location is ideal for year-round enjoyment of boating, fishing, golfing, Several Gulf beaches, beautiful natural resources, many restaurants, parks, public tennis courts and shopping. Cultural events are held throughout the year, multiple baseball parks are also located close by. Home is located just 10 minutes from Tampa Bay Rays Training Stadium, less than 2 miles from shopping mall & many Parks, 30 minutes from multiple Gulf Beaches, Punta Gorda regional Airport is located 10 miles away which is serviced by Allegiant air. Fisherman's Village and Historic District are about 10 miles away with multiple restaurants and shopping. PRICED FOR SALE SO DON'T DELAY, CALL TODAY!

11. 2018-09-19
    soldstatus $184,500 Sold 635-char remark

    Show marketing remark (635 chars)

    This move-in home is secluded yet only minutes from everything, and has been meticulously cared for. The beautifully landscaped exterior paves the way for the stunning interior! There is a perfect contrast from the cream-covered walls to the rich dark wood floors creating a truly inviting environment. The kitchen has all stainless steel appliances giving any homeowner freedom to cook or host with ease. The master suite is set up for luxury with a large (8x8)walk-in closet, jacuzzi bathtub, walk-in shower, dual sinks and custom paint finished vanities! Call us today to schedule a private showing, you don't want to miss this one!

12. 2018-09-18
    soldstatus $184,500
13. 2018-08-18
    status Pending 635-char remark

    Show marketing remark (635 chars)

    This move-in home is secluded yet only minutes from everything, and has been meticulously cared for. The beautifully landscaped exterior paves the way for the stunning interior! There is a perfect contrast from the cream-covered walls to the rich dark wood floors creating a truly inviting environment. The kitchen has all stainless steel appliances giving any homeowner freedom to cook or host with ease. The master suite is set up for luxury with a large (8x8)walk-in closet, jacuzzi bathtub, walk-in shower, dual sinks and custom paint finished vanities! Call us today to schedule a private showing, you don't want to miss this one!

14. 2018-08-17
    listed $184,500 Active 635-char remark

    Show marketing remark (635 chars)

    This move-in home is secluded yet only minutes from everything, and has been meticulously cared for. The beautifully landscaped exterior paves the way for the stunning interior! There is a perfect contrast from the cream-covered walls to the rich dark wood floors creating a truly inviting environment. The kitchen has all stainless steel appliances giving any homeowner freedom to cook or host with ease. The master suite is set up for luxury with a large (8x8)walk-in closet, jacuzzi bathtub, walk-in shower, dual sinks and custom paint finished vanities! Call us today to schedule a private showing, you don't want to miss this one!

15. 2015-08-03
    soldstatus $134,500
16. 2015-07-31
    soldstatus $134,500 Sold
17. 2015-06-18
    status Pending
18. 2015-06-17
    listed $130,000 Active
19. 2008-03-11
    soldstatus $142,500
20. 2005-03-08
    soldstatus $27,800
21. 2005-03-04
    soldstatus $27,800
22. 2004-12-15
    listed $27,800

ⓘ 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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,873
• − Mortgage interest: −$280
• − Property taxes: −$75
• − Insurance: −$25
• − Repairs & maintenance: −$1,990
• − Management: −$1,990
• − Depreciation: −$145
• Taxable income: $20,368
• Est. tax owed @ 24.0%: −$4,888
• After-tax cash flow: $14,347/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 of 73 in FL

Livability — Port Charlotte

• Score: 65/100
• State rank: #655
• US rank: #13081

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Charlotte County · 196,994 people
• City population: 102,180
• Metro: Punta Gorda, FL
• Population (ZIP): 11,193
• Household income: $78,288
• Rent vs Own: 19.4% rent · 80.6% own
• Severe rent burden: 263.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 12% Two or more races 10% Black 9%
• Hispanic origin (detail): Puerto Rican 4% Dominican 1%
• Common ancestry: Lithuanian 5% Romanian 3% Subsaharan African 2%
• Foreign-born: 14% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 3% French/Haitian/Cajun 2%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.25%
• Current HPI: 335.3128
• Rent YoY: ▼ -3.48%
• Metro: Punta Gorda, 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

-82.0% since first listed

17 events — show timeline

• 2026-05-26 Listed $5,000 NFMLS
• 2022-07-25 Sold (Public Records) $349,900 Public Records
• 2022-07-22 Sold (MLS) $349,900 Stellar MLS as Distributed by MLS Grid
• 2022-05-29 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-05-26 Listed $349,900 Stellar MLS as Distributed by MLS Grid
• 2018-09-19 Sold (MLS) $184,500 Stellar MLS as Distributed by MLS Grid
• 2018-09-18 Sold (Public Records) $184,500 Public Records
• 2018-08-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2018-08-17 Listed $184,500 Stellar MLS as Distributed by MLS Grid
• 2015-08-03 Sold (Public Records) $134,500 Public Records
• 2015-07-31 Sold (MLS) $134,500 Stellar MLS as Distributed by MLS Grid
• 2015-06-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2015-06-17 Listed $130,000 Stellar MLS as Distributed by MLS Grid
• 2008-03-11 Sold (Public Records) $142,500 Public Records
• 2005-03-08 Sold (Public Records) $27,800 Public Records
• 2005-03-04 Sold (MLS) $27,800 Stellar MLS as Distributed by MLS Grid
• 2004-12-15 Listed $27,800 Stellar MLS as Distributed by MLS Grid

Property tax history

+7.7%/yr

Latest (2025): $4,012 · +1.2% YoY. Source: county tax records.