1241 S Venice Blvd · South Venice, FL 34293

$219,900

3 bd · 2.0 ba · 1,670 sqft · SingleFamily public records · 10 Days on market

Built 1997 0.46 ac 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 +22.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +6.6/10.0
• Schools +5.4/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Unique offering, Seller will consider owner financing for 30 years with as little as $50,000 down. Inviting three bedroom two bath home on a 200 x 100 corner lot, just 3 blocks from the boat ramp and ferry to the neighborhoods private beach. Wrapped around a spacious lanai, open & cheerful, high ceilings, new flooring and paint. Ready and waiting. The 3-car garage and additional 24 x 26 outbuilding provide plenty of parking and storage. With both living and family rooms, a pretty master suite, large uility room and pantry, this picturesque property offers room for everything. Don`t miss this!

Key facts

• Oversized corner lot
• Nearby restaurants
• 0.46 acre lot

Tags

• OVERSIZED CORNER LOT
• CLOSE TO GULF BEACHES
• NEARBY RESTAURANTS
• HISTORIC DOWNTOWN VENICE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $220k).

Location & tenants

• Location reads 67/100 on livability (#549 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: schools F, 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; 1247 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 ($90k/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 $7k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 20y 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: major flood risk; 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 $219,900

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 F-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. 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.
4. 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.
5. 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: 1.16% ✓
• Cap rate: 8.39%
• Cash-on-cash: 7.50%
• DSCR: 1.33
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.73×
• Total profit: $-16,780
• Equity at exit: $32,788

10-year hold

• IRR: -1.4%
• Equity multiple: 0.92×
• Total profit: $-5,224
• Equity at exit: $19,013

Cash invested: $61,572 (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 34293

• Rents YoY: 0.7%
• Active inventory: 1247
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,551 medium
• Mortgage (P&I): −$1,153
• Tax from tax record: −$386 /mo · $4,628/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$536
• Net cashflow: $385

Break-even live

Break-even rent $2,064

Max offer price $219,900

Occupancy floor 80%

Sensitivity live

Price	-10% $509	-5% $447	+0% $385	+5% $323	+10% $260
Rent	-10% $183	-5% $284	+0% $385	+5% $486	+10% $587
Rate	-1.0pp $496	-0.5pp $441	base $385	+0.5pp $328	+1.0pp $270

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: $54,975
• Closing costs: $6,597
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-04-18
   status Pending
2. 2026-04-08
   listed $219,900 Active
3. 2006-06-06
   soldstatus $335,000
4. 2006-06-05
   soldstatus $335,000 605-char remark

   Show marketing remark (605 chars)

   Unique offering, Seller will consider owner financing for 30 years with as little as $50,000 down. Inviting three bedroom two bath home on a 200 x 100 corner lot, just 3 blocks from the boat ramp and ferry to the neighborhoods private beach. Wrapped around a spacious lanai, open & cheerful, high ceilings, new flooring and paint. Ready and waiting. The 3-car garage and additional 24 x 26 outbuilding provide plenty of parking and storage. With both living and family rooms, a pretty master suite, large uility room and pantry, this picturesque property offers room for everything. Don`t miss this!

5. 2006-02-23
   listed $349,900 605-char remark

   Show marketing remark (605 chars)

   Unique offering, Seller will consider owner financing for 30 years with as little as $50,000 down. Inviting three bedroom two bath home on a 200 x 100 corner lot, just 3 blocks from the boat ramp and ferry to the neighborhoods private beach. Wrapped around a spacious lanai, open & cheerful, high ceilings, new flooring and paint. Ready and waiting. The 3-car garage and additional 24 x 26 outbuilding provide plenty of parking and storage. With both living and family rooms, a pretty master suite, large uility room and pantry, this picturesque property offers room for everything. Don`t miss this!

6. 2003-10-10
   soldstatus $180,000
7. 1997-05-14
   soldstatus $14,000

ⓘ 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: $4,628 · $386/mo
• Projected year-2 tax: $4,628 · $386/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) · 52% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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: $30,614
• − Mortgage interest: −$12,318
• − Property taxes: −$4,628
• − Insurance: −$1,100
• − Repairs & maintenance: −$2,449
• − Management: −$2,449
• − Depreciation: −$6,397
• Taxable income: $1,273
• Est. tax owed @ 24.0%: −$306
• After-tax cash flow: $4,314/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 — South Venice

• Score: 67/100
• State rank: #549
• US rank: #10377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: South Venice, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 50,278
• Household income: $90,038
• Rent vs Own: 11.3% rent · 88.7% own
• Severe rent burden: 548.0

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 (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 3%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Russian/Polish/Slavic 2% French/Haitian/Cajun 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: ▼ -355.64%
• Current HPI: 270.5242
• Rent YoY: ▲ 0.70%
• 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

+1470.7% since first listed

7 events — show timeline

• 2026-04-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-04-08 Listed $219,900 Stellar MLS as Distributed by MLS Grid
• 2006-06-06 Sold (Public Records) $335,000 Public Records
• 2006-06-05 Sold (MLS) $335,000 Stellar MLS as Distributed by MLS Grid
• 2006-02-23 Listed $349,900 Stellar MLS as Distributed by MLS Grid
• 2003-10-10 Sold (Public Records) $180,000 Public Records
• 1997-05-14 Sold (Public Records) $14,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $4,628 · -0.6% YoY. Source: county tax records.