3232 Ash Ter · Sarasota, FL 34237

$165,000

2 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 138 Days on market

Built 1974 3,828 sqft lot $210/mo HOA · 12% 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 +18.7/30.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• DSCR +5.9/10.0
• Schools +5.4/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well maintained turnkey furnished home located in the ONLY Resident Owned Park in the City limits of Sarasota!! This 2 bed 2 bath 1,056sf home is positioned close to the clubhouse and both access gates. The comfortably furnished large living room is just off the kitchen and dining and has sliders that lead to the 220 sf Florida room. The kitchen is a wide galley with a breakfast counter space, pantry and storage closet. The dining room has a built in server giving plenty of additional storage. The primary suite has a king bed set, extra large walk in closet and remodeled bath with a step in shower. The guest bedroom is outfitted with a queen bed set. The full guest bath has a tub/shower and high profile stool. The Florida room has a newer insulated roof, wall to wall windows that overlook the greenbelt ( no mobile home directly across ) and exterior access door, carpet installed 2019 and a newer ceiling fan/light. The shed houses the washer/dryer water heater, utility sink plus plenty of space for additional storage. Updates include: Galv Metal Roof Over to main home 2019, Florida Room Insulated Roof Over 2021, Carport has reinforced braces, HVAC 2013, Luxury Vinyl plank flooring 2020, carpeting 2009 & 2019, subfloors replaced throughout with plywood, some windows updated, water heater 40 gal 2023 in shed, interior breaker box 2022, vapor barrier 2013, sewer line PVC, plumbing lines 2012. Hurricane shutters give added protection to the East and South windows. The gated 90 acre community boasts a low maintenance fee with its vast amenities, starting with the spacious Clubhouse outfitted with a full commercial cook kitchen, event stage, audio/visual, dance floor, state of the art fitness room, activities hall, library with books/movies/puzzles and a pool table. Outside recreation includes an extra large heated pool with a handicap ramp, a spacious kidney shaped hot tub, ample umbrella tables and lounge chairs and updated shower rooms. Oak trees shade the beautiful park area, picnic tables and a community grill. Additional amenities to enjoy are the community putt putt course, bocce ball, ping pong and corn hole. Oakwood Manor is a vibrant community with numerous social events and activities. It is conveniently located adjacent to Legacy Trail and 12 newer pickle ball courts. Just a short drive to our crystal sand beaches, downtown area, the marina, fishing pier, local golf courses, shopping, variety of restaurants, the museum, SRQ airport, SMH and Doctors hospitals. Please note that Oakwood is a 55+, no pet, no motorcycle Park.

Key facts

• Gated community
• Florida room
• 3,828 sq ft lot

Tags

• FLORIDA ROOM
• GATED COMMUNITY
• EXTRA LARGE HEATED POOL
• COMMUNITY PUTT PUTT COURSE
• ADJACENT TO LEGACY TRAIL

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $165k.

Deal economics

• At list price, monthly cash flow is $162 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $145k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#121 in FL, #1,854 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, commute A; Watch: crime 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 (-5.0%/yr); 177 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 32% of the median local income ($67k/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.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 3 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 $52k; list at $165k implies a 217% 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 $145,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 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 1974 — 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 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?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.09% ✓
• Cap rate: 7.47%
• Cash-on-cash: 4.20%
• DSCR: 1.19
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -13.4%
• Equity multiple: 0.53×
• Total profit: $-21,627
• Equity at exit: $24,602

10-year hold

• IRR: -10.8%
• Equity multiple: 0.45×
• Total profit: $-25,597
• Equity at exit: $14,266

Cash invested: $46,200 (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 34237

• Rents YoY: -5.0%
• Active inventory: 177
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,805 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$120 /mo · $1,443/yr
• Insurance: −$69
• HOA: −$210
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $162

Break-even live

Break-even rent $1,600

Max offer price $165,000

Occupancy floor 86%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $210 · $2,520/yr
• Likely covers: watersewerpoolsecurity

Listing history 20 events

1. 2026-06-18
   days on market $165,000 Active 138 DOM
2. 2026-06-17
   days on market $165,000 Active 137 DOM
3. 2026-06-16
   days on market $165,000 Active 136 DOM
4. 2026-06-15
   days on market $165,000 Active 135 DOM
5. 2026-06-13
   days on market $165,000 Active 133 DOM
6. 2026-06-13
   days on market $165,000 Active 132 DOM
7. 2026-06-10
   days on market $165,000 Active 130 DOM
8. 2026-06-09
   days on market $165,000 Active 129 DOM
9. 2026-06-08
   days on market $165,000 Active 128 DOM
10. 2026-06-08
    days on market $165,000 Active 127 DOM
11. 2026-06-05
    days on market $165,000 Active 124 DOM
12. 2026-06-03
    days on market $165,000 Active 123 DOM
13. 2026-06-02
    days on market $165,000 Active 122 DOM
14. 2026-06-01
    days on market $165,000 Active 121 DOM
15. 2026-05-31
    days on market $165,000 Active 120 DOM
16. 2026-01-31
    listed $165,000 Active 2593-char remark

    Show marketing remark (2593 chars)

    Welcome to this well maintained turnkey furnished home located in the ONLY Resident Owned Park in the City limits of Sarasota!! This 2 bed 2 bath 1,056sf home is positioned close to the clubhouse and both access gates. The comfortably furnished large living room is just off the kitchen and dining and has sliders that lead to the 220 sf Florida room. The kitchen is a wide galley with a breakfast counter space, pantry and storage closet. The dining room has a built in server giving plenty of additional storage. The primary suite has a king bed set, extra large walk in closet and remodeled bath with a step in shower. The guest bedroom is outfitted with a queen bed set. The full guest bath has a tub/shower and high profile stool. The Florida room has a newer insulated roof, wall to wall windows that overlook the greenbelt ( no mobile home directly across ) and exterior access door, carpet installed 2019 and a newer ceiling fan/light. The shed houses the washer/dryer water heater, utility sink plus plenty of space for additional storage. Updates include: Galv Metal Roof Over to main home 2019, Florida Room Insulated Roof Over 2021, Carport has reinforced braces, HVAC 2013, Luxury Vinyl plank flooring 2020, carpeting 2009 & 2019, subfloors replaced throughout with plywood, some windows updated, water heater 40 gal 2023 in shed, interior breaker box 2022, vapor barrier 2013, sewer line PVC, plumbing lines 2012. Hurricane shutters give added protection to the East and South windows. The gated 90 acre community boasts a low maintenance fee with its vast amenities, starting with the spacious Clubhouse outfitted with a full commercial cook kitchen, event stage, audio/visual, dance floor, state of the art fitness room, activities hall, library with books/movies/puzzles and a pool table. Outside recreation includes an extra large heated pool with a handicap ramp, a spacious kidney shaped hot tub, ample umbrella tables and lounge chairs and updated shower rooms. Oak trees shade the beautiful park area, picnic tables and a community grill. Additional amenities to enjoy are the community putt putt course, bocce ball, ping pong and corn hole. Oakwood Manor is a vibrant community with numerous social events and activities. It is conveniently located adjacent to Legacy Trail and 12 newer pickle ball courts. Just a short drive to our crystal sand beaches, downtown area, the marina, fishing pier, local golf courses, shopping, variety of restaurants, the museum, SRQ airport, SMH and Doctors hospitals. Please note that Oakwood is a 55+, no pet, no motorcycle Park.

17. 2025-04-23
    price $172,000
18. 2025-03-05
    listed $182,000 Active
19. 2024-01-24
    listed $191,000 Active
20. 2001-11-03
    soldstatus $52,000

ⓘ 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: $1,443 · $120/mo
• Projected year-2 tax: $1,443 · $120/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,659
• − Mortgage interest: −$9,243
• − Property taxes: −$1,443
• − Insurance: −$825
• − Repairs & maintenance: −$1,733
• − Management: −$1,733
• − HOA: −$2,520
• − Depreciation: −$4,800
• Taxable loss: −$636
• Est. tax savings @ 24.0%: +$153
• After-tax cash flow: $2,093/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 — Sarasota

• Score: 80/100
• State rank: #121
• US rank: #1854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sarasota, FL
• County: Sarasota County · 448,376 people
• City population: 261,896
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 17,367
• Household income: $66,762
• Rent vs Own: 52.4% rent · 47.6% own
• Severe rent burden: 902.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 55% Hispanic / Latino 30% Two or more races 18% Black 10% Asian 2%
• Hispanic origin (detail): Mexican 15% Puerto Rican 1% Cuban 5%
• Common ancestry: Romanian 2% Lithuanian 1% Hispanic 1%
• Foreign-born: 21% · Canada, Jamaica, Vietnam
• Languages at home: 71% English-only · Spanish 23% Other Indo-European 2% 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: ▼ -345.08%
• Current HPI: 370.7565
• Rent YoY: ▼ -5.03%
• 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

+217.3% since first listed

5 events — show timeline

• 2026-01-31 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-23 Price Changed $172,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-05 Listed $182,000 Stellar MLS as Distributed by MLS Grid
• 2024-01-24 Listed $191,000 Stellar MLS as Distributed by MLS Grid
• 2001-11-03 Sold (Public Records) $52,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,443 · -33.0% YoY. Source: county tax records.