2920 Pascal Ave · North Port, FL 34286

$255,000

3 bd · 2.0 ba · 1,212 sqft · SingleFamily public records · 25 Days on market

Built 2000 10,000 sqft lot

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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).

• Cash flow +12.5/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• DSCR +3.7/10.0
• 1% rule +3.3/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Multiple offers. .due by 5pm 11/27/2020. LOCATION!! LOCATION!! LOCATION!! LOOK NO FURTHER. .. .I have the one for YOU!! Check out this beautifully maintained 3 beds/ 2 baths/ 2 car garage home with a screened in entry way just waiting for YOU. Open floor plan features cathedral ceilings with split bedrooms, living room/dining room combo, inside laundry room with washer and dryer. Kitchen features breakfast bar and closet pantry. NEW toilets, shower heads and faucets installed in both bathrooms. Exterior recently painted. BONUS over sized screened in lanai to entertain YOU and your guest. Nice backyard with plenty of room for a pool. No HOA or deed restrictions!! This home is conveniently located in a nice neighborhood but close to restaurants, shopping, beaches and much more!!! Ask to see this one first. .. make YOUR appointment today!!!

Key facts

• Open floor plan
• New water heater
• New ac

Tags

• OPEN FLOOR PLAN
• NEWER HIGH-END VINYL FLOORING
• UPDATED BATHROOM VANITIES
• NEW ROOF
• NEW WATER HEATER
• NEW AC

Property features AI

Finance

• Other: Homestead exempt; Unfurnished
• HOA & community: No association

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Well water; Septic tank; Electricity connected; Cable connected
• Home design: Single-family residence; One-story; Faces north; Residential zoning (RSF2)
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on 0.23-acre lot
• Exterior features: Sliding doors; Asphalt road access

Interior

• Kitchen: Dishwasher; Range; Microwave; Ice maker; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Open floorplan; Living room/dining room combo; Split bedroom layout; Vaulted ceilings; Walk-in closets; Window treatments; Sliding doors
• Laundry & utility: Washer hookup; Dryer hookup (electric); Indoor laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $-35 ($-421/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (2.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $212k (16.7% below list).
• Recommended offer: $212k (16.7% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.8% in North Port — 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 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.
• Zoned schools: Cranberry Elementary School (math 69% / reading 68%, grade B+, #409 of 2,144 statewide, top 20%, 785 students, 68% FRL); Heron Creek Middle School (math 54% / reading 52%, grade C+, #209 of 571 statewide, top 37%, 902 students, 72% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 64% FRL vs 42% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.1%/yr); 852 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 32% of the median local income ($81k/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 $8k 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 25 days — a 2% lower offer ($251k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $191k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: 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 $212,416 (16.7% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.83% ✗
• Cap rate: 6.13%
• Cash-on-cash: -0.59%
• DSCR: 0.97
• GRM: 10.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.33×
• Total profit: $-47,496
• Equity at exit: $38,021

10-year hold

• IRR: -16.4%
• Equity multiple: 0.16×
• Total profit: $-59,812
• Equity at exit: $22,048

Cash invested: $71,400 (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 34286

• Home prices YoY: -9.5%
• Rents YoY: 1.1%
• Active inventory: 852
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,124 medium
• Mortgage (P&I): −$1,337
• Tax from tax record: −$270 /mo · $3,236/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $-35

Break-even live

Break-even rent $2,169

Max offer price $248,807

Occupancy floor 97%

Sensitivity live

Price	-10% $109	-5% $37	+0% $-35	+5% $-107	+10% $-179
Rent	-10% $-203	-5% $-119	+0% $-35	+5% $49	+10% $133
Rate	-1.0pp $93	-0.5pp $30	base $-35	+0.5pp $-101	+1.0pp $-168

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1247 Citizens Pkwy North Port, FL	2.0–3.0	2.0	1087	$1,701	$1.56	15d	6	1.28mi

Listing history 23 events

1. 2026-06-16
   statusdays on market $255,000 Pending 25 DOM
2. 2026-06-15
   pricedays on market $255,000 Active 24 DOM
3. 2026-06-13
   days on market $269,900 Active 22 DOM
4. 2026-06-13
   days on market $269,900 Active 21 DOM
5. 2026-06-10
   days on market $269,900 Active 19 DOM
6. 2026-06-09
   days on market $269,900 Active 18 DOM
7. 2026-06-08
   days on market $269,900 Active 17 DOM
8. 2026-06-08
   days on market $269,900 Active 16 DOM
9. 2026-06-05
   days on market $269,900 Active 13 DOM
10. 2026-06-03
    days on market $269,900 Active 12 DOM
11. 2026-06-02
    days on market $269,900 Active 11 DOM
12. 2026-06-01
    days on market $269,900 Active 10 DOM
13. 2026-05-31
    days on market $269,900 Active 9 DOM
14. 2026-05-22
    listed $269,900 Active
15. 2021-02-10
    soldstatus $191,100
16. 2021-02-05
    soldstatus $191,000 Sold 849-char remark

    Show marketing remark (849 chars)

    Multiple offers. .due by 5pm 11/27/2020. LOCATION!! LOCATION!! LOCATION!! LOOK NO FURTHER. .. .I have the one for YOU!! Check out this beautifully maintained 3 beds/ 2 baths/ 2 car garage home with a screened in entry way just waiting for YOU. Open floor plan features cathedral ceilings with split bedrooms, living room/dining room combo, inside laundry room with washer and dryer. Kitchen features breakfast bar and closet pantry. NEW toilets, shower heads and faucets installed in both bathrooms. Exterior recently painted. BONUS over sized screened in lanai to entertain YOU and your guest. Nice backyard with plenty of room for a pool. No HOA or deed restrictions!! This home is conveniently located in a nice neighborhood but close to restaurants, shopping, beaches and much more!!! Ask to see this one first. .. make YOUR appointment today!!!

17. 2020-11-28
    status Pending 849-char remark

    Show marketing remark (849 chars)

    Multiple offers. .due by 5pm 11/27/2020. LOCATION!! LOCATION!! LOCATION!! LOOK NO FURTHER. .. .I have the one for YOU!! Check out this beautifully maintained 3 beds/ 2 baths/ 2 car garage home with a screened in entry way just waiting for YOU. Open floor plan features cathedral ceilings with split bedrooms, living room/dining room combo, inside laundry room with washer and dryer. Kitchen features breakfast bar and closet pantry. NEW toilets, shower heads and faucets installed in both bathrooms. Exterior recently painted. BONUS over sized screened in lanai to entertain YOU and your guest. Nice backyard with plenty of room for a pool. No HOA or deed restrictions!! This home is conveniently located in a nice neighborhood but close to restaurants, shopping, beaches and much more!!! Ask to see this one first. .. make YOUR appointment today!!!

18. 2020-11-25
    listed $185,000 Active 849-char remark

    Show marketing remark (849 chars)

    Multiple offers. .due by 5pm 11/27/2020. LOCATION!! LOCATION!! LOCATION!! LOOK NO FURTHER. .. .I have the one for YOU!! Check out this beautifully maintained 3 beds/ 2 baths/ 2 car garage home with a screened in entry way just waiting for YOU. Open floor plan features cathedral ceilings with split bedrooms, living room/dining room combo, inside laundry room with washer and dryer. Kitchen features breakfast bar and closet pantry. NEW toilets, shower heads and faucets installed in both bathrooms. Exterior recently painted. BONUS over sized screened in lanai to entertain YOU and your guest. Nice backyard with plenty of room for a pool. No HOA or deed restrictions!! This home is conveniently located in a nice neighborhood but close to restaurants, shopping, beaches and much more!!! Ask to see this one first. .. make YOUR appointment today!!!

19. 2013-09-26
    soldstatus $101,000 380-char remark

    Show marketing remark (380 chars)

    Wonderful 3 bedroom 2 bathroom home, freshly painted interior and new carpet in bedrooms. This home features a 2 car garage, a large yard, large living room area and a hugh screened lanai that is nice for sitting back and enjoying this beautiful Floridaweather. conveniently located, with short distances to restaurants, shopping, Post Office, City Hall, and easy access to I-75.

20. 2013-07-26
    listed $87,999 380-char remark

    Show marketing remark (380 chars)

    Wonderful 3 bedroom 2 bathroom home, freshly painted interior and new carpet in bedrooms. This home features a 2 car garage, a large yard, large living room area and a hugh screened lanai that is nice for sitting back and enjoying this beautiful Floridaweather. conveniently located, with short distances to restaurants, shopping, Post Office, City Hall, and easy access to I-75.

21. 2004-10-21
    soldstatus $129,000
22. 2002-10-29
    soldstatus $108,000
23. 2000-07-03
    soldstatus $92,000

ⓘ 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: $3,236 · $270/mo
• Projected year-2 tax: $3,236 · $270/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 ≥108°F today · 28 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: $25,490
• − Mortgage interest: −$14,284
• − Property taxes: −$3,236
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,039
• − Management: −$2,039
• − Depreciation: −$7,418
• Taxable loss: −$4,801
• Est. tax savings @ 24.0%: +$1,152
• After-tax cash flow: $732/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): 22,534
• Household income: $80,553
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 545.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Subsaharan African 2%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% 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: ▼ -31.36%
• Current HPI: 297.3707
• Rent YoY: ▲ 1.12%
• 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

+193.4% since first listed

10 events — show timeline

• 2026-05-22 Listed $269,900 Stellar MLS as Distributed by MLS Grid
• 2021-02-10 Sold (Public Records) $191,100 Public Records
• 2021-02-05 Sold (MLS) $191,000 Stellar MLS as Distributed by MLS Grid
• 2020-11-28 Pending — Stellar MLS as Distributed by MLS Grid
• 2020-11-25 Listed $185,000 Stellar MLS as Distributed by MLS Grid
• 2013-09-26 Sold (MLS) $101,000 Stellar MLS as Distributed by MLS Grid
• 2013-07-26 Listed $87,999 Stellar MLS as Distributed by MLS Grid
• 2004-10-21 Sold (Public Records) $129,000 Public Records
• 2002-10-29 Sold (Public Records) $108,000 Public Records
• 2000-07-03 Sold (Public Records) $92,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $3,236 · +5.0% YoY. Source: county tax records.