713 Tangerine Woods Blvd · Englewood, FL 34223

$227,000

2 bd · 2.0 ba · 1,144 sqft · Manufactured public records · 11 Days on market

Built 1983 6,543 sqft lot $226/mo HOA · 9% of rent

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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 +21.6/30.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• 1% rule +6.2/10.0
• 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

Escape to Paradise in Tangerine Woods! Discover year-round comfort or the ideal winter retreat in this open-floor-plan home, complete with soaring cathedral ceilings. A skylight fills the spacious kitchen with natural light, highlighting ample storage, a convenient breakfast bar, and a seamless flow to the dining and living areas. The primary bedroom offers generous space with dual walk-in closets and an en suite bath featuring a beautifully tiled shower. A well-sized guest bedroom ensures privacy and comfort for visiting family and friends. You'll love the abundant storage in the large workshop/utility room, where a washer and dryer are ready for your convenience. This home is perfect for entertaining! From the carport, step into a screened lanai—a cozy spot for your morning coffee. French doors from the living room lead to a newly enclosed sunlit lanai with glass windows and luxury vinyl laminate flooring. Prefer the outdoors? Enjoy the large back patio, complete with a retractable awning. Imagine the warm glow of tiki torches as you unwind with friends in the evening. Additional features include a newer roof (2022), carport (2022), HVAC system (2019), gutters, and lovely landscaping. Move-in ready and sold fully furnished, this home is truly turn-key!Tangerine Woods, a gated 55+ community, offers resort-style amenities such as a recreation center, fitness facilities, tennis courts, shuffleboard, pickleball, a library, nature trails, and an Olympic-sized heated pool with a spa. Whether you prefer staying active or relaxing, this community provides the best of both worlds. It’s also pet-friendly, allowing up to two dogs of any size. Secure storage for boats and RVs is available for your convenience. Located near pristine beaches, shopping, dining, and golf courses, this home combines comfort, convenience, and vibrant community living. Here's your chance to own this slice of paradise—schedule your viewing today! * * Front lanai siding is in the process of being installed * *

Key facts

• Open lanai
• Clubhouse
• Screened side lanai

Tags

• HURRICANE-RATED WINDOWS
• HURRICANE BAHAMA SHUTTERS
• SPACIOUS BACK PATIO
• SCREENED SIDE LANAI
• OPEN LANAI
• CLUBHOUSE

Property features AI

Finance

• Other: Lease restrictions apply; Home is homestead exempt; Irrigation equipment present; Property is part of a planned unit development
• Financial info: Total monthly fees $226 (total annual fees $2,712)
• HOA & community: Has HOA (monthly HOA $226 / quarterly association fee $678); Association amenities include clubhouse, fitness center, pool, spa/hot tub, tennis, pickleball and shuffleboard courts, trails, recreation facilities, storage and cable TV; Association fee covers cable TV, internet, pool, maintenance grounds, management, private road, recreational facilities, common area taxes, escrow reserves fund and security; Buyer/association approval required; On-site property manager; Deed-restricted senior community; golf carts allowed; vehicle/truck/RV restrictions; pet restrictions (cats and dogs OK with breed restrictions)

Exterior

• Parking: Curb parking, driveway, off-street and on-street parking; Golf cart parking; Guest parking; Parking pad; Has carport with 2 spaces
• Security: Gated community with security gate; Smoke detectors
• Utilities: Public water; Public sewer; Electricity connected; Cable connected; BB/HS Internet available; Sewer connected; Water connected; Sprinkler well
• Home design: Residential manufactured double-wide home; Single-story (one level); Crawlspace foundation; Faces north; Completed condition; Turnkey (furnished)
• Construction: Vinyl siding; Roof over
• Exterior features: Covered, enclosed and screened patios/porches (front and side); Awning(s); French doors; Private mailbox; Rain gutters; Shade shutters; Mature landscaping; Florida-friendly/native landscape; Drip irrigation

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Range hood; Refrigerator; Solid surface counters; Eat-in kitchen
• Bedrooms: 2 bedrooms
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air; Humidity control; Wall/window unit(s)
• Interior features: Built-in features; Cathedral ceilings; Ceiling fans; Crown molding; Eat-in kitchen; Open floorplan; Solid surface counters; Walk-in closets; Window treatments; Skylights; Blinds; Double-pane windows; Shutters; Storm windows
• Laundry & utility: Laundry room with inside/corridor access; Washer; Dryer; Electric water heater; Inside utility/storage rooms

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $227k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $227k).
• Cap rate 8.1% 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 40% 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 $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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $64k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 2y 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.
• Current owner paid $165k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

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

Recommended offer $227,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.12% ✓
• Cap rate: 8.11%
• Cash-on-cash: 6.50%
• DSCR: 1.29
• GRM: 7.5

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: -0.5%
• Equity multiple: 0.98×
• Total profit: $-1,383
• Equity at exit: $33,846

10-year hold

• IRR: 13.9%
• Equity multiple: 2.39×
• Total profit: $88,353
• Equity at exit: $19,627

Cash invested: $63,560 (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: 7.5×

Monthly cashflow live

• Estimated rent: $2,534 medium
• Mortgage (P&I): −$1,190
• Tax from tax record: −$147 /mo · $1,766/yr
• Insurance: −$95
• HOA: −$226
• Vacancy / Maint / Mgmt: −$532
• Net cashflow: $344

Break-even live

Break-even rent $2,099

Max offer price $227,000

Occupancy floor 81%

Sensitivity live

Price	-10% $473	-5% $408	+0% $344	+5% $280	+10% $216
Rent	-10% $144	-5% $244	+0% $344	+5% $444	+10% $544
Rate	-1.0pp $458	-0.5pp $402	base $344	+0.5pp $285	+1.0pp $225

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: $56,750
• Closing costs: $6,810
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $226 · $2,712/yr
• Likely covers: landscapingpoolsecurity

Listing history 10 events

1. 2026-06-18
   days on market $227,000 Active 11 DOM
2. 2026-06-17
   days on market $227,000 Active 10 DOM
3. 2026-06-16
   days on market $227,000 Active 9 DOM
4. 2026-06-15
   days on market $227,000 Active 8 DOM
5. 2026-06-13
   days on market $227,000 Active 6 DOM
6. 2026-06-13
   days on market $227,000 Active 5 DOM
7. 2026-06-10
   days on market $227,000 Active 3 DOM
8. 2026-06-09
   days on market $227,000 Active 2 DOM
9. 2026-06-07
   remarks 682-char remark
10. 2026-06-07
    listed $227,000 Active 1 DOM

ⓘ 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: $1,766 · $147/mo
• Projected year-2 tax: $1,884 · $157/mo
• Expected delta: +$118/yr (+$10/mo · 6.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 23% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 30 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: $30,414
• − Mortgage interest: −$12,716
• − Property taxes: −$1,766
• − Insurance: −$1,135
• − Repairs & maintenance: −$2,433
• − Management: −$2,433
• − HOA: −$2,712
• − Depreciation: −$6,604
• Taxable income: $615
• Est. tax owed @ 24.0%: −$148
• After-tax cash flow: $3,981/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

+26.1% since first listed

5 events — show timeline

• 2026-06-07 Listed $227,000 Stellar MLS as Distributed by MLS Grid
• 2024-12-27 Sold (Public Records) $165,000 Public Records
• 2024-12-26 Sold (MLS) $165,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-11-16 Listed $180,000 Stellar MLS as Distributed by MLS Grid

Property tax history

+6.5%/yr

Latest (2025): $1,766 · +77.7% YoY. Source: county tax records.