960 Darwin Rd · South Venice, FL 34293

$249,000

2 bd · 2.0 ba · 912 sqft · SingleFamily public records · 89 Days on market

Built 1969 0.25 ac 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 +13.2/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• DSCR +4.0/10.0
• Livability +3.4/5.0
• 1% rule +3.2/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Short Sale. Situated on an EXTRA LARGE FENCED CORNER LOT, this home offers the perfect combination of location and updates. Major improvements include a NEW ROOF (2022) and NEW hot water heater. Newer stainless steel appliances (2023) in the spacious kitchen that is open to the dining and living room space. The kitchen has a great layout with the sit-up breakfast bar, generous counter space, and ample cabinetry. You will love the screened in back lanai - perfect for everyday living and entertaining. Tile flooring runs throughout the home — NO CARPET anywhere. Located in an X flood zone (no flood insurance typically required with most mortgages). Even better — NO CDD and NO HOA fees. Conveniently located just a short drive to the Gulf beaches, with plenty of shopping and dining options nearby, this home truly checks the boxes.

Key facts

• New hot water heater
• Tile flooring
• New roof

Tags

• EXTRA LARGE FENCED CORNER LOT
• NEW ROOF
• NEW HOT WATER HEATER
• STAINLESS STEEL APPLIANCES
• SCREENED IN BACK LANAI
• TILE FLOORING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $249k.

Deal economics

• At list price, monthly cash flow is $-4 ($-47/yr) — negative.
• To cash-flow at today's rent, offer at most $248k (0.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (18.1% below list).
• Recommended offer: $204k (18.1% below list) — sets the bar for 1% rule.

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).

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

• It's been on market 89 days — a 6% lower offer ($234k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago; this cycle's ask has dropped $51k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $203,961 (18.1% 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. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
7. 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?
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: 0.82% ✗
• Cap rate: 6.27%
• Cash-on-cash: -0.07%
• DSCR: 1.00
• GRM: 10.2

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: -18.9%
• Equity multiple: 0.35×
• Total profit: $-45,246
• Equity at exit: $37,127

10-year hold

• IRR: -16.6%
• Equity multiple: 0.17×
• Total profit: $-57,939
• Equity at exit: $21,529

Cash invested: $69,720 (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: 10.2×

Monthly cashflow live

• Estimated rent: $2,040 medium
• Mortgage (P&I): −$1,306
• Tax from tax record: −$206 /mo · $2,468/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $-4

Break-even live

Break-even rent $2,045

Max offer price $248,310

Occupancy floor 95%

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: $62,250
• Closing costs: $7,470
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-05-01
   price $260,000 849-char remark

   Show marketing remark (849 chars)

   Short Sale. Situated on an EXTRA LARGE FENCED CORNER LOT, this home offers the perfect combination of location and updates. Major improvements include a NEW ROOF (2022) and NEW hot water heater. Newer stainless steel appliances (2023) in the spacious kitchen that is open to the dining and living room space. The kitchen has a great layout with the sit-up breakfast bar, generous counter space, and ample cabinetry. You will love the screened in back lanai - perfect for everyday living and entertaining. Tile flooring runs throughout the home — NO CARPET anywhere. Located in an X flood zone (no flood insurance typically required with most mortgages). Even better — NO CDD and NO HOA fees. Conveniently located just a short drive to the Gulf beaches, with plenty of shopping and dining options nearby, this home truly checks the boxes.

2. 2026-04-17
   price $275,000 849-char remark

   Show marketing remark (849 chars)

   Short Sale. Situated on an EXTRA LARGE FENCED CORNER LOT, this home offers the perfect combination of location and updates. Major improvements include a NEW ROOF (2022) and NEW hot water heater. Newer stainless steel appliances (2023) in the spacious kitchen that is open to the dining and living room space. The kitchen has a great layout with the sit-up breakfast bar, generous counter space, and ample cabinetry. You will love the screened in back lanai - perfect for everyday living and entertaining. Tile flooring runs throughout the home — NO CARPET anywhere. Located in an X flood zone (no flood insurance typically required with most mortgages). Even better — NO CDD and NO HOA fees. Conveniently located just a short drive to the Gulf beaches, with plenty of shopping and dining options nearby, this home truly checks the boxes.

3. 2026-04-01
   price $289,900 849-char remark

   Show marketing remark (849 chars)

   Short Sale. Situated on an EXTRA LARGE FENCED CORNER LOT, this home offers the perfect combination of location and updates. Major improvements include a NEW ROOF (2022) and NEW hot water heater. Newer stainless steel appliances (2023) in the spacious kitchen that is open to the dining and living room space. The kitchen has a great layout with the sit-up breakfast bar, generous counter space, and ample cabinetry. You will love the screened in back lanai - perfect for everyday living and entertaining. Tile flooring runs throughout the home — NO CARPET anywhere. Located in an X flood zone (no flood insurance typically required with most mortgages). Even better — NO CDD and NO HOA fees. Conveniently located just a short drive to the Gulf beaches, with plenty of shopping and dining options nearby, this home truly checks the boxes.

4. 2026-03-02
   listed $300,000 Active 849-char remark

   Show marketing remark (849 chars)

   Short Sale. Situated on an EXTRA LARGE FENCED CORNER LOT, this home offers the perfect combination of location and updates. Major improvements include a NEW ROOF (2022) and NEW hot water heater. Newer stainless steel appliances (2023) in the spacious kitchen that is open to the dining and living room space. The kitchen has a great layout with the sit-up breakfast bar, generous counter space, and ample cabinetry. You will love the screened in back lanai - perfect for everyday living and entertaining. Tile flooring runs throughout the home — NO CARPET anywhere. Located in an X flood zone (no flood insurance typically required with most mortgages). Even better — NO CDD and NO HOA fees. Conveniently located just a short drive to the Gulf beaches, with plenty of shopping and dining options nearby, this home truly checks the boxes.

5. 2023-08-03
   soldstatus $297,000
6. 2023-07-28
   soldstatus $297,000 Closed 856-char remark

   Show marketing remark (856 chars)

   Complete transformation! This newly renovated South Venice home on a large corner lot has been tastefully updated with new appliances, light fixtures, fans, sinks, faucets, showers, vanities, fresh paint inside and out, fully fenced yard, new roof and even a new driveway. The great room is flooded with natural light and lends itself to entertaining and easy conversation. The back screened lanai offers privacy for your morning coffee or a quiet evening with your favorite beverage. Bring your pets and big toys! No HOA and no flood zone! South Venice residents have the option to purchase a membership for the community boat ramp, ferry and social events as well as the community pool. Conveniently located to shopping, schools, dining, entertainment and both Venice and Manasota Beach. Come enjoy the Florida lifestyle and claim your piece of paradise!

7. 2023-06-27
   status Pending 856-char remark

   Show marketing remark (856 chars)

   Complete transformation! This newly renovated South Venice home on a large corner lot has been tastefully updated with new appliances, light fixtures, fans, sinks, faucets, showers, vanities, fresh paint inside and out, fully fenced yard, new roof and even a new driveway. The great room is flooded with natural light and lends itself to entertaining and easy conversation. The back screened lanai offers privacy for your morning coffee or a quiet evening with your favorite beverage. Bring your pets and big toys! No HOA and no flood zone! South Venice residents have the option to purchase a membership for the community boat ramp, ferry and social events as well as the community pool. Conveniently located to shopping, schools, dining, entertainment and both Venice and Manasota Beach. Come enjoy the Florida lifestyle and claim your piece of paradise!

8. 2023-06-23
   listed $329,000 Active 856-char remark

   Show marketing remark (856 chars)

   Complete transformation! This newly renovated South Venice home on a large corner lot has been tastefully updated with new appliances, light fixtures, fans, sinks, faucets, showers, vanities, fresh paint inside and out, fully fenced yard, new roof and even a new driveway. The great room is flooded with natural light and lends itself to entertaining and easy conversation. The back screened lanai offers privacy for your morning coffee or a quiet evening with your favorite beverage. Bring your pets and big toys! No HOA and no flood zone! South Venice residents have the option to purchase a membership for the community boat ramp, ferry and social events as well as the community pool. Conveniently located to shopping, schools, dining, entertainment and both Venice and Manasota Beach. Come enjoy the Florida lifestyle and claim your piece of paradise!

9. 2016-04-05
   historical
10. 2016-04-04
    soldstatus $130,900 Sold
11. 2016-04-04
    soldstatus $130,900
12. 2016-02-20
    status Pending
13. 2016-02-10
    listed $129,900 Active
14. 2008-10-10
    soldstatus $81,700
15. 2008-08-08
    listed $79,500
16. 2008-01-24
    listed $139,900
17. 2007-10-11
    listed $139,900
18. 2006-04-07
    soldstatus $202,000
19. 2006-03-31
    soldstatus $202,000
20. 2006-01-04
    listed $204,999
21. 2005-05-24
    soldstatus $190,000
22. 2005-05-20
    soldstatus $190,000
23. 2005-03-28
    listed $195,900
24. 1986-10-01
    soldstatus $38,850
25. 1980-09-01
    soldstatus $37,500

ⓘ 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: $2,468 · $206/mo
• Projected year-2 tax: $2,468 · $206/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 3/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 2/10 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,475
• − Mortgage interest: −$13,948
• − Property taxes: −$2,468
• − Insurance: −$1,245
• − Repairs & maintenance: −$1,958
• − Management: −$1,958
• − Depreciation: −$7,244
• Taxable loss: −$4,345
• Est. tax savings @ 24.0%: +$1,043
• After-tax cash flow: $996/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

+593.3% since first listed

25 events — show timeline

• 2026-05-01 Price Changed $260,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $275,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Price Changed $289,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-02 Listed $300,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-03 Sold (Public Records) $297,000 Public Records
• 2023-07-28 Sold (MLS) $297,000 Stellar MLS as Distributed by MLS Grid
• 2023-06-27 Pending — Stellar MLS as Distributed by MLS Grid
• 2023-06-23 Listed $329,000 Stellar MLS as Distributed by MLS Grid
• 2016-04-05 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-04-04 Sold (Public Records) $130,900 Public Records
• 2016-04-04 Sold (MLS) $130,900 Stellar MLS as Distributed by MLS Grid
• 2016-02-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-02-10 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2008-10-10 Sold (MLS) $81,700 Stellar MLS as Distributed by MLS Grid
• 2008-08-08 Listed $79,500 Stellar MLS as Distributed by MLS Grid
• 2008-01-24 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2007-10-11 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2006-04-07 Sold (Public Records) $202,000 Public Records
• 2006-03-31 Sold (MLS) $202,000 Stellar MLS as Distributed by MLS Grid
• 2006-01-04 Listed $204,999 Stellar MLS as Distributed by MLS Grid
• 2005-05-24 Sold (MLS) $190,000 Stellar MLS as Distributed by MLS Grid
• 2005-05-20 Sold (Public Records) $190,000 Public Records
• 2005-03-28 Listed $195,900 Stellar MLS as Distributed by MLS Grid
• 1986-10-01 Sold (Public Records) $38,850 Public Records
• 1980-09-01 Sold (Public Records) $37,500 Public Records

Property tax history

+12.0%/yr

Latest (2025): $2,468 · -5.4% YoY. Source: county tax records.