7 N Esplanade St · Englewood, FL 34223

$159,900

2 bd · 2.0 ba · 960 sqft · Manufactured public records · 264 Days on market

Built 1978 4,697 sqft lot $282/mo HOA · 12% of rent

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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 +28.3/30.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• 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

Why shovel snow this winter when you can be basking in the sunshine in Englewood, Florida? Move right in to this clean and neat FULLY FURNISHED TURNKEY two bedroom two bath manufactured home in Alameda Isles! All new laminate flooring throughout makes maintenance a breeze, plus the underlayment was all replaced with 3/4" plywood! The open plan living/dining area features updating lighting, ceiling fan, & built in china cabinet and plenty of room for entertaining. Galley kitchen has an LG refrigerator (1 yr old), Whirlpool smooth top stove (2 yrs old), Frigidaire dishwasher (3 yrs old), and built in microwave. There's also a breakfast bar and closet pantry! Primary bedroom has both a wall and a walk in closet and ensuite bath, which has a step in shower w/ door. The Guest Bedroom will be so inviting the guests may want to stay longer, and has a wall closet and ceiling fan also. The Guest Bath has a combo tub/shower and newer toilet. The favorite area will be the FLORIDA ROOM - with the vinyl windows, this area is usable year round. The laundry hookups are in the attached storage room, and there's another separate storage area in the rear. Weather Lock insulated aluminum roof over was installed in 2014, AC is 10 years old and has been regularly maintained, exterior has been repainted, and home has been replumbed. There are even 2 kayaks that will remain! This is a very vibrant active community with pickleball, heated swimming pool, clubhouse, sauna, exercise room, tennis, bocce ball, shuffleboard and activities to suit anyone! Alameda Isles has a 59 slip marina and RV/boat storage area for an additional fee, plus the community has activities and amenities galore! The community itself has a great location, just minutes to area beaches, shopping, restautants and anything you may need! This is a well priced home - don't wait to see it!

Key facts

• Rv boat storage area
• Florida room
• Breakfast bar

Tags

• FULLY FURNISHED TURNKEY
• NEW LAMINATE FLOORING
• BREAKFAST BAR
• FLORIDA ROOM
• 59 SLIP MARINA
• RV BOAT STORAGE AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $513 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% 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); 717 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 37% 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 $1k of loan paydown is wiped out by about $5k 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 $45k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 264 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $160k implies a 178% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: 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 $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 264 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 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 10.14%
• Cash-on-cash: 13.75%
• DSCR: 1.61
• GRM: 5.6

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: 10.3%
• Equity multiple: 1.43×
• Total profit: $19,448
• Equity at exit: $23,842

10-year hold

• IRR: 23.6%
• Equity multiple: 3.61×
• Total profit: $116,634
• Equity at exit: $13,825

Cash invested: $44,772 (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: 717
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,364 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$167 /mo · $2,005/yr
• Insurance: −$67
• HOA: −$282
• Vacancy / Maint / Mgmt: −$496
• Net cashflow: $513

Break-even live

Break-even rent $1,714

Max offer price $159,900

Occupancy floor 73%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $282 · $3,384/yr
• Likely covers: pool

Listing history 7 events

1. 2026-06-01
   days on market $159,900 Active 264 DOM
2. 2026-05-31
   days on market $159,900 Active 263 DOM
3. 2026-02-24
   price $159,900 1873-char remark

   Show marketing remark (1873 chars)

   Why shovel snow this winter when you can be basking in the sunshine in Englewood, Florida? Move right in to this clean and neat FULLY FURNISHED TURNKEY two bedroom two bath manufactured home in Alameda Isles! All new laminate flooring throughout makes maintenance a breeze, plus the underlayment was all replaced with 3/4" plywood! The open plan living/dining area features updating lighting, ceiling fan, & built in china cabinet and plenty of room for entertaining. Galley kitchen has an LG refrigerator (1 yr old), Whirlpool smooth top stove (2 yrs old), Frigidaire dishwasher (3 yrs old), and built in microwave. There's also a breakfast bar and closet pantry! Primary bedroom has both a wall and a walk in closet and ensuite bath, which has a step in shower w/ door. The Guest Bedroom will be so inviting the guests may want to stay longer, and has a wall closet and ceiling fan also. The Guest Bath has a combo tub/shower and newer toilet. The favorite area will be the FLORIDA ROOM - with the vinyl windows, this area is usable year round. The laundry hookups are in the attached storage room, and there's another separate storage area in the rear. Weather Lock insulated aluminum roof over was installed in 2014, AC is 10 years old and has been regularly maintained, exterior has been repainted, and home has been replumbed. There are even 2 kayaks that will remain! This is a very vibrant active community with pickleball, heated swimming pool, clubhouse, sauna, exercise room, tennis, bocce ball, shuffleboard and activities to suit anyone! Alameda Isles has a 59 slip marina and RV/boat storage area for an additional fee, plus the community has activities and amenities galore! The community itself has a great location, just minutes to area beaches, shopping, restautants and anything you may need! This is a well priced home - don't wait to see it!

4. 2025-09-10
   listed $169,900 Active 1873-char remark

   Show marketing remark (1873 chars)

   Why shovel snow this winter when you can be basking in the sunshine in Englewood, Florida? Move right in to this clean and neat FULLY FURNISHED TURNKEY two bedroom two bath manufactured home in Alameda Isles! All new laminate flooring throughout makes maintenance a breeze, plus the underlayment was all replaced with 3/4" plywood! The open plan living/dining area features updating lighting, ceiling fan, & built in china cabinet and plenty of room for entertaining. Galley kitchen has an LG refrigerator (1 yr old), Whirlpool smooth top stove (2 yrs old), Frigidaire dishwasher (3 yrs old), and built in microwave. There's also a breakfast bar and closet pantry! Primary bedroom has both a wall and a walk in closet and ensuite bath, which has a step in shower w/ door. The Guest Bedroom will be so inviting the guests may want to stay longer, and has a wall closet and ceiling fan also. The Guest Bath has a combo tub/shower and newer toilet. The favorite area will be the FLORIDA ROOM - with the vinyl windows, this area is usable year round. The laundry hookups are in the attached storage room, and there's another separate storage area in the rear. Weather Lock insulated aluminum roof over was installed in 2014, AC is 10 years old and has been regularly maintained, exterior has been repainted, and home has been replumbed. There are even 2 kayaks that will remain! This is a very vibrant active community with pickleball, heated swimming pool, clubhouse, sauna, exercise room, tennis, bocce ball, shuffleboard and activities to suit anyone! Alameda Isles has a 59 slip marina and RV/boat storage area for an additional fee, plus the community has activities and amenities galore! The community itself has a great location, just minutes to area beaches, shopping, restautants and anything you may need! This is a well priced home - don't wait to see it!

5. 2025-06-10
   historical
6. 2025-04-15
   listed $169,900 Active
7. 2000-06-26
   soldstatus $57,500

ⓘ 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: $2,005 · $167/mo
• Projected year-2 tax: $2,005 · $167/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 4/10 Moderate FEMA zone X (shaded) · 21% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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: $28,364
• − Mortgage interest: −$8,957
• − Property taxes: −$2,005
• − Insurance: −$800
• − Repairs & maintenance: −$2,269
• − Management: −$2,269
• − HOA: −$3,384
• − Depreciation: −$4,652
• Taxable income: $4,029
• Est. tax owed @ 24.0%: −$967
• After-tax cash flow: $5,190/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

+178.1% since first listed

5 events — show timeline

• 2026-02-24 Price Changed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-09-10 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2025-06-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-15 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2000-06-26 Sold (Public Records) $57,500 Public Records

Property tax history

+5.1%/yr

Latest (2025): $2,005 · -5.9% YoY. Source: county tax records.