3951 Dominic St · North Port, FL 34288

$304,990

3 bd · 2.0 ba · 1,552 sqft · SingleFamily · 461 Days on market

Built 2025 $197/sqft · 20% below area Est $380k · 20% under

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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).

• ARV discount +15.0/15.0
• Cash flow +7.2/30.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.4/10.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Introducing the Foxtail, a delightful floorplan from our Value collection designed with families in mind. This home offers a well-thought-out layout featuring 3 bedrooms, 2 full bathrooms, and a spacious 2-car garage. The split plan of the Foxtail ensures a welcoming master suite with ample privacy from the other two bedrooms. The Owner's Suite boasts a full bath and a walk-in closet, providing a comfortable and relaxing retreat. For added convenience, the laundry room is just steps away and offers direct access to the 2-car garage. The open concept kitchen and great room create an inviting and versatile space, ideal for memorable family gatherings. Additionally, you'll find a second living room and a dining room at the front of the home, offering extra space for relaxation and entertaining. The Foxtail is constructed with our renowned commitment to quality. Built with CBS construction, this home incorporates energy-smart features throughout. These include a digital thermostat, an A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows.

Key facts

• Second living room
• Open concept kitchen
• Dining room

Tags

• OPEN CONCEPT KITCHEN
• GREAT ROOM
• SECOND LIVING ROOM
• DINING ROOM
• CBS CONSTRUCTION
• ENERGY SMART FEATURES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $305k.

Deal economics

• At list price, monthly cash flow is $-418 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $245k (19.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (29.9% below list).
• Recommended offer: $214k (29.9% below list) — sets the bar for 1% rule.
• Cap rate 4.6% vs local median 3.6% in North Port — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 falling (-5.4%/yr); 1397 active listings in the ZIP; 3 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; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 30% of the median local income ($84k/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 $2k of loan paydown is wiped out by about $9k 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 461 days — a 12% lower offer ($268k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $213,930 (29.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 461 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.70% ✗
• Cap rate: 4.65%
• Cash-on-cash: -5.87%
• DSCR: 0.74
• GRM: 11.9

CMA / ARV

• ARV (median comp): $380,072
• List price: $304,990
• Delta: -19.75%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -29.7%
• Equity multiple: 0.04×
• Total profit: $-82,260
• Equity at exit: $45,475

10-year hold

• IRR: -49.6%
• Equity multiple: -0.52×
• Total profit: $-129,982
• Equity at exit: $26,370

Cash invested: $85,397 (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 34288

• Home prices YoY: -12.2%
• Rents YoY: -5.4%
• Active inventory: 1397
• Price-to-rent: 11.9×

Monthly cashflow live

• Estimated rent: $2,139 medium
• Mortgage (P&I): −$1,599
• Tax est. 1.5%: −$381 /mo · $4,575/yr
• Insurance: −$127
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-418

Break-even live

Break-even rent $2,668

Max offer price $244,552

Occupancy floor —

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: $76,248
• Closing costs: $9,150
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
18412 Moonshadow Ave Port Charlotte, FL	4.0	2.0	1833	$1,895	$1.03	21d	1	1.24mi
18404 Moonshadow Ave Port Charlotte, FL	4.0	2.0	1833	$1,995	$1.09	21d	1	1.24mi
225 Overbrook St Unit NA Port Charlotte, FL	3.0	2.0	1698	$2,400	$1.41	13d	1	1.30mi

Listing history 14 events

1. 2026-06-18
   days on market $304,990 Active 461 DOM
2. 2026-06-17
   days on market $304,990 Active 460 DOM
3. 2026-06-15
   days on market $304,990 Active 458 DOM
4. 2026-06-13
   days on market $304,990 Active 456 DOM
5. 2026-06-13
   days on market $304,990 Active 455 DOM
6. 2026-06-10
   days on market $304,990 Active 453 DOM
7. 2026-06-09
   days on market $304,990 Active 452 DOM
8. 2026-06-08
   days on market $304,990 Active 450 DOM
9. 2026-06-05
   days on market $304,990 Active 447 DOM
10. 2026-06-03
    days on market $304,990 Active 446 DOM
11. 2026-06-02
    days on market $304,990 Active 445 DOM
12. 2026-06-01
    days on market $304,990 Active 444 DOM
13. 2026-05-31
    days on market $304,990 Active 443 DOM
14. 2025-03-14
    listed $304,990 Active 1093-char remark

    Show marketing remark (1093 chars)

    Introducing the Foxtail, a delightful floorplan from our Value collection designed with families in mind. This home offers a well-thought-out layout featuring 3 bedrooms, 2 full bathrooms, and a spacious 2-car garage. The split plan of the Foxtail ensures a welcoming master suite with ample privacy from the other two bedrooms. The Owner's Suite boasts a full bath and a walk-in closet, providing a comfortable and relaxing retreat. For added convenience, the laundry room is just steps away and offers direct access to the 2-car garage. The open concept kitchen and great room create an inviting and versatile space, ideal for memorable family gatherings. Additionally, you'll find a second living room and a dining room at the front of the home, offering extra space for relaxation and entertaining. The Foxtail is constructed with our renowned commitment to quality. Built with CBS construction, this home incorporates energy-smart features throughout. These include a digital thermostat, an A/C system, roof vents and soffits for attic ventilation, and dual pane energy-efficient windows.

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 26 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: $25,672
• − Mortgage interest: −$17,084
• − Property taxes: −$4,575
• − Insurance: −$1,525
• − Repairs & maintenance: −$2,054
• − Management: −$2,054
• − Depreciation: −$8,872
• Taxable loss: −$10,492
• Est. tax savings @ 24.0%: +$2,518
• After-tax cash flow: $-2,494/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): 18,231
• Household income: $84,211
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 177.0

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 (73%)
• Race & ethnicity: White 73% Hispanic / Latino 11% Two or more races 9% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 2% Puerto Rican 6% Cuban 3%
• Common ancestry: Romanian 7% Lithuanian 4% Hispanic 3%
• Foreign-born: 12% · Canada, South Korea
• Languages at home: 85% English-only · Spanish 6% French/Haitian/Cajun 5% Russian/Polish/Slavic 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: ▼ -34.39%
• Current HPI: 248.3322
• Rent YoY: ▼ -5.40%
• 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

1 event — show timeline

• 2025-03-14 Listed $304,990 Zillow