4743 Chicopa St · North Port, FL 34287

$155,900

2 bd · 1.0 ba · 729 sqft · SingleFamily public records · 41 Days on market

Built 1964 6,500 sqft 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 +18.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• Schools +5.4/10.0
• 1% rule +5.0/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

Key facts

• 6,500 sq ft lot
• Parking
• Built 1964

Property features AI

Finance

• Other: Property zoned RSF3; Residential single family property
• HOA & community: No HOA

Exterior

• Parking: Carport (1 space)
• Utilities: Public water; Public sewer; Public utilities
• Home design: Single family residence; One story; Faces east
• Construction: Block construction; Membrane roof; Slab foundation; Built on a 0.15-acre lot
• Exterior features: Awnings; Storage

Interior

• Kitchen: Range; Range hood; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Terrazzo
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Solid wood cabinets; Terrazzo flooring
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $156k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $156k).
• Recommended offer: $151k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 3.6% 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: Glenallen Elementary School (math 54% / reading 54%, grade C, #936 of 2,144 statewide, top 44%, 716 students, 79% 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 66% FRL vs 42% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 852 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

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 41 days — a 3% lower offer ($151k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 20y ago; this cycle's ask has dropped $9k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $85k; list at $156k implies a 83% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $151,223 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.00% ✓
• Cap rate: 7.40%
• Cash-on-cash: 3.96%
• DSCR: 1.18
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -13.2%
• Equity multiple: 0.54×
• Total profit: $-20,249
• Equity at exit: $23,245

10-year hold

• IRR: -9.3%
• Equity multiple: 0.50×
• Total profit: $-21,981
• Equity at exit: $13,479

Cash invested: $43,652 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 852
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,563 medium
• Mortgage (P&I): −$818
• Tax from tax record: −$208 /mo · $2,499/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $144

Break-even live

Break-even rent $1,381

Max offer price $155,900

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: $38,975
• Closing costs: $4,677
• Reserves months: —
• Total cash needed: —

Listing history 38 events

1. 2026-06-15
   remarks 699-char remark
2. 2026-06-15
   status $155,900 Pending 41 DOM
3. 2026-06-15
   days on market $155,900 Active 41 DOM
4. 2026-06-13
   days on market $155,900 Active 39 DOM
5. 2026-06-13
   days on market $155,900 Active 38 DOM
6. 2026-06-10
   days on market $155,900 Active 36 DOM
7. 2026-06-09
   days on market $155,900 Active 35 DOM
8. 2026-06-08
   days on market $155,900 Active 34 DOM
9. 2026-06-08
   days on market $155,900 Active 33 DOM
10. 2026-06-05
    pricedays on market $155,900 Active 30 DOM
11. 2026-06-03
    days on market $165,000 Active 29 DOM
12. 2026-06-02
    days on market $165,000 Active 28 DOM
13. 2026-06-01
    days on market $165,000 Active 27 DOM
14. 2026-05-31
    days on market $165,000 Active 26 DOM
15. 2026-05-05
    listed $165,000 Active 688-char remark
16. 2025-12-05
    historical
17. 2025-09-10
    listed $169,900 Active
18. 2024-04-05
    historical $1,450
19. 2024-02-23
    listed $1,450
20. 2017-06-19
    soldstatus $85,000
21. 2017-06-15
    soldstatus $85,000 Sold

    Show marketing remark (472 chars)

    GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

22. 2017-05-10
    status Pending

    Show marketing remark (472 chars)

    GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

23. 2017-03-13
    price $94,999

    Show marketing remark (472 chars)

    GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

24. 2017-01-23
    price $99,999

    Show marketing remark (472 chars)

    GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

25. 2017-01-21
    status Active

    Show marketing remark (472 chars)

    GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

26. 2016-11-30
    historical

    Show marketing remark (472 chars)

    GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

27. 2016-11-29
    listed $79,999 Active

    Show marketing remark (472 chars)

    GREAT TURNKEY STARTER HOME FOR 1ST TIME BUYERS, SNOWBIRDS OR INVESTORS IN A NICE NEIGHBORHOOD - Newer A/C, HEATER AND INSULATION, Many upgrades performed recently. All Furniture included and is in great condition. Make this your next home and enjoy the tranquility Florida has to offer to the fullest. Don't miss this great opportunity to own this amazing house!! SELLER IS WILLING TO PAY FOR A NEW ROOF AT CLOSING IF DESIRED, WOW!!! DON'T MISS OUT ON THIS GREAT HOUSE!

28. 2015-04-10
    historical
29. 2015-04-09
    listed $80,000 Active
30. 2009-06-25
    soldstatus $30,400
31. 2009-01-30
    listed $37,000
32. 2006-08-01
    soldstatus $115,000
33. 2006-08-01
    soldstatus $115,000
34. 2006-07-28
    soldstatus $115,000
35. 2006-07-25
    soldstatus $115,000
36. 2006-04-03
    listed $115,000
37. 2006-03-24
    listed $115,000
38. 1986-07-01
    soldstatus $27,000

ⓘ 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: $2,499 · $208/mo
• Projected year-2 tax: $2,499 · $208/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) · 55% chance over 30 yrs
• 🔥 Wildfire 6/10 Major
• 🌡 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: $18,757
• − Mortgage interest: −$8,733
• − Property taxes: −$2,499
• − Insurance: −$780
• − Repairs & maintenance: −$1,501
• − Management: −$1,501
• − Depreciation: −$4,535
• Taxable loss: −$791
• Est. tax savings @ 24.0%: +$190
• After-tax cash flow: $1,919/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): 25,929
• Household income: $63,464
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 522.0

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 (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 7% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Lithuanian 3%
• Foreign-born: 16% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 5% French/Haitian/Cajun 2%

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: ▼ -70.89%
• Current HPI: 280.8484
• Rent YoY: ▲ 0.26%
• 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

+477.4% since first listed

26 events — show timeline

• 2026-06-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-06-04 Price Changed $155,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-12-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-10 Listed $169,900 Stellar MLS as Distributed by MLS Grid
• 2024-04-05 Rental Removed $1,450 STELLARMLS
• 2024-02-23 Listed for Rent $1,450 STELLARMLS
• 2017-06-19 Sold (Public Records) $85,000 Public Records
• 2017-06-15 Sold (MLS) $85,000 Stellar MLS as Distributed by MLS Grid
• 2017-05-10 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-03-13 Price Changed $94,999 Stellar MLS as Distributed by MLS Grid
• 2017-01-23 Price Changed $99,999 Stellar MLS as Distributed by MLS Grid
• 2017-01-21 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-11-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-11-29 Listed $79,999 Stellar MLS as Distributed by MLS Grid
• 2015-04-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-04-09 Listed $80,000 Stellar MLS as Distributed by MLS Grid
• 2009-06-25 Sold (MLS) $30,400 Stellar MLS as Distributed by MLS Grid
• 2009-01-30 Listed $37,000 Stellar MLS as Distributed by MLS Grid
• 2006-08-01 Sold (Public Records) $115,000 Public Records
• 2006-08-01 Sold (Public Records) $115,000 Public Records
• 2006-07-28 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2006-07-25 Sold (MLS) $115,000 Stellar MLS as Distributed by MLS Grid
• 2006-04-03 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 2006-03-24 Listed $115,000 Stellar MLS as Distributed by MLS Grid
• 1986-07-01 Sold (Public Records) $27,000 Public Records

Property tax history

+9.6%/yr

Latest (2025): $2,499 · +0.8% YoY. Source: county tax records.