1891 Englewood Rd #60 · Englewood, FL 34223

$65,000

2 bd · 1.0 ba · 576 sqft · Manufactured public records · 177 Days on market

Built 1966 $188/mo HOA

---

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

Listing remarks MLS

This charming, well-kept manufactured home features 2 bedrooms, 2 baths, a bright and roomy kitchen (new stove), and an inside laundry area with full-size washer (new) and dryer. The primary bedroom includes a spacious walk-in closet. The home comes turnkey furnished, providing convenience and value. The property is set back from the main road for additional privacy and quiet. The attached utility room includes a small workbench and plenty of room for storing your bike, fishing gear, and golf clubs—everything you need to dive into the laid-back Florida lifestyle. Roof was replaced in 2025 and has a lifetime guarantee. Home is just over 1000 square feet under air. Brook to Bay is located just minutes from Englewood’s beaches and offers a great location at an affordable price (low HOA fees). Don’t miss this incredible opportunity—call today to make this slice of paradise your own. Discover the vibrant Brook to Bay 55+ co-op community! Amenities include a heated community pool, bocce ball, shuffleboard, a clubhouse, picnic area, boat slips (1st come), and a boat ramp.

Key facts

• Inside laundry area
• 3,284 sq ft lot
• Community pool

Tags

• BRIGHT AND ROOMY KITCHEN
• INSIDE LAUNDRY AREA
• SPACIOUS WALK-IN CLOSET
• SET BACK FROM THE MAIN ROAD
• ATTACHED UTILITY ROOM

🏢 Co-op / cooperative unit. The $65,000 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $65k.

Deal economics

• At list price, monthly cash flow is $616 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $57k (12.0% below list) — sets the bar for market timing.
• Cap rate 25.5% vs local median 3.8% in Englewood — 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 73/100 on livability (#321 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, health & safety A; Watch: employment C-, 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 rising fast (+9.0%/yr); 720 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 34% of the median local income ($76k/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 $449 of loan paydown is wiped out by about $2k 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 + 8.0% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 177 days — a 12% lower offer ($57k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $35k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $57,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 177 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 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 3.34% ✓
• Cap rate: 25.53%
• Cash-on-cash: 68.71%
• DSCR: 4.06
• GRM: 2.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 46.0%
• Equity multiple: 3.23×
• Total profit: $40,595
• Equity at exit: $9,692

10-year hold

• IRR: 55.1%
• Equity multiple: 8.69×
• Total profit: $139,886
• Equity at exit: $5,620

Cash invested: $18,200 (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 34223

• Home prices YoY: -34.2%
• Rents YoY: 9.0%
• Active inventory: 720
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $2,174 medium
• Mortgage (P&I): −$341
• Tax from tax record: −$119 /mo · $1,433/yr
• Insurance: −$27
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$188
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $616

Break-even live

Break-even rent $1,395

Max offer price $65,000

Occupancy floor 67%

Sensitivity live

Price	-10% $652	-5% $634	+0% $616	+5% $597	+10% $579
Rent	-10% $444	-5% $530	+0% $616	+5% $701	+10% $787
Rate	-1.0pp $648	-0.5pp $632	base $616	+0.5pp $599	+1.0pp $582

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $188 · $2,256/yr
• Likely covers: pool

Listing history 9 events

1. 2026-05-31
   days on market $65,000 Active 177 DOM
2. 2026-04-10
   price $65,000 1105-char remark

   Show marketing remark (1105 chars)

   This charming, well-kept manufactured home features 2 bedrooms, 2 baths, a bright and roomy kitchen (new stove), and an inside laundry area with full-size washer (new) and dryer. The primary bedroom includes a spacious walk-in closet. The home comes turnkey furnished, providing convenience and value. The property is set back from the main road for additional privacy and quiet. The attached utility room includes a small workbench and plenty of room for storing your bike, fishing gear, and golf clubs—everything you need to dive into the laid-back Florida lifestyle. Roof was replaced in 2025 and has a lifetime guarantee. Home is just over 1000 square feet under air. Brook to Bay is located just minutes from Englewood’s beaches and offers a great location at an affordable price (low HOA fees). Don’t miss this incredible opportunity—call today to make this slice of paradise your own. Discover the vibrant Brook to Bay 55+ co-op community! Amenities include a heated community pool, bocce ball, shuffleboard, a clubhouse, picnic area, boat slips (1st come), and a boat ramp.

3. 2026-03-08
   price $75,000 1105-char remark

   Show marketing remark (1105 chars)

   This charming, well-kept manufactured home features 2 bedrooms, 2 baths, a bright and roomy kitchen (new stove), and an inside laundry area with full-size washer (new) and dryer. The primary bedroom includes a spacious walk-in closet. The home comes turnkey furnished, providing convenience and value. The property is set back from the main road for additional privacy and quiet. The attached utility room includes a small workbench and plenty of room for storing your bike, fishing gear, and golf clubs—everything you need to dive into the laid-back Florida lifestyle. Roof was replaced in 2025 and has a lifetime guarantee. Home is just over 1000 square feet under air. Brook to Bay is located just minutes from Englewood’s beaches and offers a great location at an affordable price (low HOA fees). Don’t miss this incredible opportunity—call today to make this slice of paradise your own. Discover the vibrant Brook to Bay 55+ co-op community! Amenities include a heated community pool, bocce ball, shuffleboard, a clubhouse, picnic area, boat slips (1st come), and a boat ramp.

4. 2025-12-05
   listed $99,900 Active 1105-char remark

   Show marketing remark (1105 chars)

   This charming, well-kept manufactured home features 2 bedrooms, 2 baths, a bright and roomy kitchen (new stove), and an inside laundry area with full-size washer (new) and dryer. The primary bedroom includes a spacious walk-in closet. The home comes turnkey furnished, providing convenience and value. The property is set back from the main road for additional privacy and quiet. The attached utility room includes a small workbench and plenty of room for storing your bike, fishing gear, and golf clubs—everything you need to dive into the laid-back Florida lifestyle. Roof was replaced in 2025 and has a lifetime guarantee. Home is just over 1000 square feet under air. Brook to Bay is located just minutes from Englewood’s beaches and offers a great location at an affordable price (low HOA fees). Don’t miss this incredible opportunity—call today to make this slice of paradise your own. Discover the vibrant Brook to Bay 55+ co-op community! Amenities include a heated community pool, bocce ball, shuffleboard, a clubhouse, picnic area, boat slips (1st come), and a boat ramp.

5. 2025-08-05
   historical
6. 2025-04-15
   price $99,999
7. 2025-04-04
   listed $115,000 Active
8. 2007-09-28
   soldstatus $52,000
9. 1993-02-10
   soldstatus $21,000

ⓘ 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: $1,433 · $119/mo
• Projected year-2 tax: $1,433 · $119/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 7/10 Severe FEMA zone AE · 75% chance over 30 yrs
• 🔥 Wildfire 4/10 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: $26,088
• − Mortgage interest: −$3,641
• − Property taxes: −$1,433
• − Insurance: −$5,444
• − Repairs & maintenance: −$2,087
• − Management: −$2,087
• − HOA: −$2,256
• − Depreciation: −$1,891
• Taxable income: $7,249
• Est. tax owed @ 24.0%: −$1,740
• After-tax cash flow: $5,647/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 — Englewood

• Score: 73/100
• State rank: #321
• US rank: #5655

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Englewood, FL
• County: Sarasota County · 448,376 people
• City population: 35,420
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 19,884
• Household income: $76,016
• Rent vs Own: 12.5% rent · 87.5% own
• Severe rent burden: 290.0

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 (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 3% Asian 1%
• Common ancestry: Romanian 7% Lithuanian 4% Iranian 2%
• Foreign-born: 9% · Canada
• Languages at home: 94% English-only · German/W. Germanic 2% Spanish 1% Other Indo-European 1%

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: ▼ -146.26%
• Current HPI: 281.0529
• Rent YoY: ▲ 9.02%
• 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

+209.5% since first listed

8 events — show timeline

• 2026-04-10 Price Changed $65,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-08 Price Changed $75,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-05 Listed $99,900 Stellar MLS as Distributed by MLS Grid
• 2025-08-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-15 Price Changed $99,999 Stellar MLS as Distributed by MLS Grid
• 2025-04-04 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2007-09-28 Sold (Public Records) $52,000 Public Records
• 1993-02-10 Sold (Public Records) $21,000 Public Records

Property tax history

+6.2%/yr

Latest (2025): $1,433 · +3.5% YoY. Source: county tax records.