4147 Bullard St · North Port, FL 34287

$125,000

1 bd · 1.0 ba · 588 sqft · SingleFamily public records · 131 Days on market

Built 1964 7,500 sqft lot

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Why this score? — see what drove the C- 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 +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +6.1/10.0
• 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

Short Sale. Located just minutes from Warm Mineral Springs, this North Port property offers strong investment potential in one of the area’s most consistently sought-after rental and renovation zones. The home features a functional layout, a spacious backyard, and a solid structural footprint — ideal for investors looking to update, reposition, or hold as a long-term asset. The surrounding neighborhood benefits from steady demand driven by seasonal visitors, wellness tourism, and year-round residents who value the convenience of nearby parks, shopping, and major roadways. With the right improvements, this property presents an excellent opportunity to capture both equity growth and rental appeal in a rapidly developing corridor of North Port.

Key facts

• Spacious backyard
• Major roadways
• Nearby parks

Tags

• SPACIOUS BACKYARD
• SOLID STRUCTURAL FOOTPRINT
• NEARBY PARKS
• SHOPPING
• MAJOR ROADWAYS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $162 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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; 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 $864 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 131 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $75k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate 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 $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 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 1964 — 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: 1.11% ✓
• Cap rate: 7.85%
• Cash-on-cash: 5.57%
• DSCR: 1.25
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -11.0%
• Equity multiple: 0.61×
• Total profit: $-13,575
• Equity at exit: $18,638

10-year hold

• IRR: -6.5%
• Equity multiple: 0.64×
• Total profit: $-12,726
• Equity at exit: $10,808

Cash invested: $35,000 (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: 7.5×

Monthly cashflow live

• Estimated rent: $1,390 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$228 /mo · $2,739/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $162

Break-even live

Break-even rent $1,185

Max offer price $125,000

Occupancy floor 83%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-18
   days on market $125,000 Active 131 DOM
2. 2026-06-17
   days on market $125,000 Active 130 DOM
3. 2026-06-16
   days on market $125,000 Active 129 DOM
4. 2026-06-15
   days on market $125,000 Active 128 DOM
5. 2026-06-13
   days on market $125,000 Active 126 DOM
6. 2026-06-13
   days on market $125,000 Active 125 DOM
7. 2026-06-10
   days on market $125,000 Active 123 DOM
8. 2026-06-09
   days on market $125,000 Active 122 DOM
9. 2026-06-08
   days on market $125,000 Active 121 DOM
10. 2026-06-08
    days on market $125,000 Active 120 DOM
11. 2026-06-05
    days on market $125,000 Active 117 DOM
12. 2026-06-03
    days on market $125,000 Active 116 DOM
13. 2026-06-02
    days on market $125,000 Active 115 DOM
14. 2026-06-01
    days on market $125,000 Active 114 DOM
15. 2026-05-31
    days on market $125,000 Active 113 DOM
16. 2026-04-21
    status Active 763-char remark

    Show marketing remark (763 chars)

    Short Sale. Located just minutes from Warm Mineral Springs, this North Port property offers strong investment potential in one of the area’s most consistently sought-after rental and renovation zones. The home features a functional layout, a spacious backyard, and a solid structural footprint — ideal for investors looking to update, reposition, or hold as a long-term asset. The surrounding neighborhood benefits from steady demand driven by seasonal visitors, wellness tourism, and year-round residents who value the convenience of nearby parks, shopping, and major roadways. With the right improvements, this property presents an excellent opportunity to capture both equity growth and rental appeal in a rapidly developing corridor of North Port.

17. 2026-04-21
    price $125,000 763-char remark

    Show marketing remark (763 chars)

    Short Sale. Located just minutes from Warm Mineral Springs, this North Port property offers strong investment potential in one of the area’s most consistently sought-after rental and renovation zones. The home features a functional layout, a spacious backyard, and a solid structural footprint — ideal for investors looking to update, reposition, or hold as a long-term asset. The surrounding neighborhood benefits from steady demand driven by seasonal visitors, wellness tourism, and year-round residents who value the convenience of nearby parks, shopping, and major roadways. With the right improvements, this property presents an excellent opportunity to capture both equity growth and rental appeal in a rapidly developing corridor of North Port.

18. 2026-04-12
    status Pending 763-char remark

    Show marketing remark (763 chars)

    Short Sale. Located just minutes from Warm Mineral Springs, this North Port property offers strong investment potential in one of the area’s most consistently sought-after rental and renovation zones. The home features a functional layout, a spacious backyard, and a solid structural footprint — ideal for investors looking to update, reposition, or hold as a long-term asset. The surrounding neighborhood benefits from steady demand driven by seasonal visitors, wellness tourism, and year-round residents who value the convenience of nearby parks, shopping, and major roadways. With the right improvements, this property presents an excellent opportunity to capture both equity growth and rental appeal in a rapidly developing corridor of North Port.

19. 2026-03-04
    price $150,000 763-char remark

    Show marketing remark (763 chars)

    Short Sale. Located just minutes from Warm Mineral Springs, this North Port property offers strong investment potential in one of the area’s most consistently sought-after rental and renovation zones. The home features a functional layout, a spacious backyard, and a solid structural footprint — ideal for investors looking to update, reposition, or hold as a long-term asset. The surrounding neighborhood benefits from steady demand driven by seasonal visitors, wellness tourism, and year-round residents who value the convenience of nearby parks, shopping, and major roadways. With the right improvements, this property presents an excellent opportunity to capture both equity growth and rental appeal in a rapidly developing corridor of North Port.

20. 2026-02-18
    price $160,000 763-char remark

    Show marketing remark (763 chars)

    Short Sale. Located just minutes from Warm Mineral Springs, this North Port property offers strong investment potential in one of the area’s most consistently sought-after rental and renovation zones. The home features a functional layout, a spacious backyard, and a solid structural footprint — ideal for investors looking to update, reposition, or hold as a long-term asset. The surrounding neighborhood benefits from steady demand driven by seasonal visitors, wellness tourism, and year-round residents who value the convenience of nearby parks, shopping, and major roadways. With the right improvements, this property presents an excellent opportunity to capture both equity growth and rental appeal in a rapidly developing corridor of North Port.

21. 2026-01-29
    listed $199,900 Active 763-char remark

    Show marketing remark (763 chars)

    Short Sale. Located just minutes from Warm Mineral Springs, this North Port property offers strong investment potential in one of the area’s most consistently sought-after rental and renovation zones. The home features a functional layout, a spacious backyard, and a solid structural footprint — ideal for investors looking to update, reposition, or hold as a long-term asset. The surrounding neighborhood benefits from steady demand driven by seasonal visitors, wellness tourism, and year-round residents who value the convenience of nearby parks, shopping, and major roadways. With the right improvements, this property presents an excellent opportunity to capture both equity growth and rental appeal in a rapidly developing corridor of North Port.

22. 2023-06-22
    soldstatus $203,000 Closed 1542-char remark

    Show marketing remark (1542 chars)

    Check out this very well cared for pet-free and smoke-free 1-bedroom, 1-bathroom fully fenced home situated on a large lot. This lovely Biscayne Gardens home with 588 square feet of living space would make the perfect starter home for a family, a winter getaway for a snowbird, or an investment property for someone looking to be a landlord. The home has an open living room, dining room, and kitchen area with Spanish clay-style tile flooring throughout the entire home. The kitchen has stainless steel appliances, updated hardwood cabinets, and an extra storage room. The bedroom is roomy with plenty of closet space and a bathroom with a walk-in tiled shower and pocket door to save some space! Sit out and relax in the large screened-in lanai that lets in the Florida breeze. A separate utility room with a washer and dryer hookup provides additional storage room. The home also features a fairly new water heater and a newer in-wall A/C unit that cools the whole house. Outside there is a 12x20 carport canopy and a storage shed, a sprinkler system connected for the front and back plants, and a large backyard that offers plenty of room to spend time with friends and family, and enjoy the large 12'x24' above-ground pool and personal spa as well! City water/sewer and no HOA fees. Located close to historic Warm Mineral Springs, Englewood & Venice beaches. Centrally located to all the major stores, eateries, schools, golf, I75/US41, and more. The owner just filed homestead for next year as well just for the buyer's awareness.

23. 2023-06-22
    soldstatus $203,000

    Show marketing remark (1542 chars)

    Check out this very well cared for pet-free and smoke-free 1-bedroom, 1-bathroom fully fenced home situated on a large lot. This lovely Biscayne Gardens home with 588 square feet of living space would make the perfect starter home for a family, a winter getaway for a snowbird, or an investment property for someone looking to be a landlord. The home has an open living room, dining room, and kitchen area with Spanish clay-style tile flooring throughout the entire home. The kitchen has stainless steel appliances, updated hardwood cabinets, and an extra storage room. The bedroom is roomy with plenty of closet space and a bathroom with a walk-in tiled shower and pocket door to save some space! Sit out and relax in the large screened-in lanai that lets in the Florida breeze. A separate utility room with a washer and dryer hookup provides additional storage room. The home also features a fairly new water heater and a newer in-wall A/C unit that cools the whole house. Outside there is a 12x20 carport canopy and a storage shed, a sprinkler system connected for the front and back plants, and a large backyard that offers plenty of room to spend time with friends and family, and enjoy the large 12'x24' above-ground pool and personal spa as well! City water/sewer and no HOA fees. Located close to historic Warm Mineral Springs, Englewood & Venice beaches. Centrally located to all the major stores, eateries, schools, golf, I75/US41, and more. The owner just filed homestead for next year as well just for the buyer's awareness.

24. 2023-05-12
    status Pending 1542-char remark

    Show marketing remark (1542 chars)

    Check out this very well cared for pet-free and smoke-free 1-bedroom, 1-bathroom fully fenced home situated on a large lot. This lovely Biscayne Gardens home with 588 square feet of living space would make the perfect starter home for a family, a winter getaway for a snowbird, or an investment property for someone looking to be a landlord. The home has an open living room, dining room, and kitchen area with Spanish clay-style tile flooring throughout the entire home. The kitchen has stainless steel appliances, updated hardwood cabinets, and an extra storage room. The bedroom is roomy with plenty of closet space and a bathroom with a walk-in tiled shower and pocket door to save some space! Sit out and relax in the large screened-in lanai that lets in the Florida breeze. A separate utility room with a washer and dryer hookup provides additional storage room. The home also features a fairly new water heater and a newer in-wall A/C unit that cools the whole house. Outside there is a 12x20 carport canopy and a storage shed, a sprinkler system connected for the front and back plants, and a large backyard that offers plenty of room to spend time with friends and family, and enjoy the large 12'x24' above-ground pool and personal spa as well! City water/sewer and no HOA fees. Located close to historic Warm Mineral Springs, Englewood & Venice beaches. Centrally located to all the major stores, eateries, schools, golf, I75/US41, and more. The owner just filed homestead for next year as well just for the buyer's awareness.

25. 2023-05-08
    listed $201,500 Active 1542-char remark

    Show marketing remark (1542 chars)

    Check out this very well cared for pet-free and smoke-free 1-bedroom, 1-bathroom fully fenced home situated on a large lot. This lovely Biscayne Gardens home with 588 square feet of living space would make the perfect starter home for a family, a winter getaway for a snowbird, or an investment property for someone looking to be a landlord. The home has an open living room, dining room, and kitchen area with Spanish clay-style tile flooring throughout the entire home. The kitchen has stainless steel appliances, updated hardwood cabinets, and an extra storage room. The bedroom is roomy with plenty of closet space and a bathroom with a walk-in tiled shower and pocket door to save some space! Sit out and relax in the large screened-in lanai that lets in the Florida breeze. A separate utility room with a washer and dryer hookup provides additional storage room. The home also features a fairly new water heater and a newer in-wall A/C unit that cools the whole house. Outside there is a 12x20 carport canopy and a storage shed, a sprinkler system connected for the front and back plants, and a large backyard that offers plenty of room to spend time with friends and family, and enjoy the large 12'x24' above-ground pool and personal spa as well! City water/sewer and no HOA fees. Located close to historic Warm Mineral Springs, Englewood & Venice beaches. Centrally located to all the major stores, eateries, schools, golf, I75/US41, and more. The owner just filed homestead for next year as well just for the buyer's awareness.

26. 2021-03-02
    soldstatus $113,000
27. 2021-02-26
    soldstatus $113,000 Sold
28. 2021-01-22
    status Pending
29. 2021-01-12
    listed $120,000 Active
30. 2006-09-15
    soldstatus $82,000
31. 2006-09-08
    soldstatus $82,000
32. 2006-05-10
    listed $90,000
33. 1978-04-01
    soldstatus $14,500

ⓘ 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: $2,739 · $228/mo
• Projected year-2 tax: $2,739 · $228/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) · 57% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,683
• − Mortgage interest: −$7,002
• − Property taxes: −$2,739
• − Insurance: −$625
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$3,636
• Taxable income: $11
• Est. tax owed @ 24.0%: −$3
• After-tax cash flow: $1,947/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

+762.1% since first listed

18 events — show timeline

• 2026-04-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-21 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Price Changed $150,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-18 Price Changed $160,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2023-06-22 Sold (Public Records) $203,000 Public Records
• 2023-06-22 Sold (MLS) $203,000 Stellar MLS as Distributed by MLS Grid
• 2023-05-12 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-05-08 Listed $201,500 Stellar MLS as Distributed by MLS Grid
• 2021-03-02 Sold (Public Records) $113,000 Public Records
• 2021-02-26 Sold (MLS) $113,000 Stellar MLS as Distributed by MLS Grid
• 2021-01-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-01-12 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2006-09-15 Sold (Public Records) $82,000 Public Records
• 2006-09-08 Sold (MLS) $82,000 Stellar MLS as Distributed by MLS Grid
• 2006-05-10 Listed $90,000 Stellar MLS as Distributed by MLS Grid
• 1978-04-01 Sold (Public Records) $14,500 Public Records

Property tax history

+15.5%/yr

Latest (2025): $2,739 · -1.1% YoY. Source: county tax records.