868 Baveno Dr · Venice, FL 34285

$140,000

2 bd · 2.0 ba · 1,254 sqft · Manufactured public records · 7 Days on market

Built 1979 5,451 sqft lot $229/mo HOA · 11% of rent

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Why this score? — see what drove the B 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 +27.5/30.0
• 1% rule +9.9/10.0
• DSCR +9.6/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully updated LARGE home with LAKE VIEW in Venice Isle. Have your morning coffee on your private deck while you watch the wildlife activity on the lake. This large home has two bedrooms, two baths, living room, dining room, family room, enclosedlanai, screened porch and a deck. Hardwood floors in the living room, dining room and family room. Laminate floors in both bedrooms and the enclosed lanai. There are lake views from the living room, dining room, lanai and deck. The home is being soldand the furnishings are all "higher end". Both bedrooms boast king sized beds. The lanai floor has been built up to the same level as the living room. Sliders to the lanai have been removed and replaced with lovely french doors. Both bathrooms have new vanities and walk in showers. An extra parking pad has been added to the carport area so that there is ample room for two cars. There is a laundry tub next to the washer/dryer in the shed. A golf cart is included in the sale if the price is right! Everything has been done and done extrememly well. All you need to do is bring your personal things and move in!

Key facts

• Open floor plan
• Turnkey furnished
• Walk-in closets

Tags

• TURNKEY FURNISHED
• OPEN FLOOR PLAN
• WALK-IN CLOSETS
• DEDICATED DINING ROOM
• BONUS ROOM
• ENCLOSED LANAI

Property features AI

Finance

• Other: Turnkey furnished
• Financial info: Lease restrictions apply
• HOA & community: HOA: Venice Isle (monthly dues required, approval required); Monthly HOA dues approximately $229 (quarterly fee shown as $687); HOA includes cable TV, internet, pool, maintenance of grounds, management, private road, and recreational facilities; Community amenities: clubhouse, fitness center, pool, sauna, spa/hot tub, tennis courts, shuffleboard court, recreation facilities, golf carts allowed; Senior community; Pets allowed (cats OK)

Exterior

• Parking: Carport with 2 spaces
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Water connected; Sewer connected
• Home design: Manufactured double-wide home; Single-story; Faces west
• Construction: Vinyl siding; Membrane roof; Slab foundation; Built as a double-wide manufactured home
• Exterior features: French doors; Hurricane shutters; Exterior lighting; Lake and pond views

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air
• Interior features: Built-in features; Ceiling fans; Eat-in kitchen; Walk-in closet(s); Florida room
• Laundry & utility: Washer; Dryer; Laundry room (outside)

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $140k.

Deal economics

• At list price, monthly cash flow is $412 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).

Location & tenants

• Location reads 80/100 on livability (#129 in FL, #1,925 nationally) — a professional / high-income tenant draw. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities D-, 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 (+8.8%/yr); 462 active listings in the ZIP; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 37% of the median local income ($68k/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 $968 of loan paydown is wiped out by about $4k 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 $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 15y 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 $105k; 33% 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→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,000

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.49% ✓
• Cap rate: 9.83%
• Cash-on-cash: 12.63%
• DSCR: 1.56
• GRM: 5.6

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: 9.0%
• Equity multiple: 1.38×
• Total profit: $14,775
• Equity at exit: $20,874

10-year hold

• IRR: 22.6%
• Equity multiple: 3.49×
• Total profit: $97,533
• Equity at exit: $12,105

Cash invested: $39,200 (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 34285

• Rents YoY: 8.8%
• Active inventory: 462
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $2,081 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$210 /mo · $2,520/yr
• Insurance: −$58
• HOA: −$229
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $412

Break-even live

Break-even rent $1,559

Max offer price $140,000

Occupancy floor 75%

Sensitivity live

Price	-10% $492	-5% $452	+0% $412	+5% $373	+10% $333
Rent	-10% $248	-5% $330	+0% $412	+5% $495	+10% $577
Rate	-1.0pp $483	-0.5pp $448	base $412	+0.5pp $376	+1.0pp $339

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $229 · $2,748/yr

Listing history 7 events

1. 2026-06-18
   days on market $140,000 Active 7 DOM
2. 2026-06-17
   days on market $140,000 Active 6 DOM
3. 2026-06-16
   days on market $140,000 Active 5 DOM
4. 2026-06-15
   days on market $140,000 Active 4 DOM
5. 2026-06-13
   days on market $140,000 Active 2 DOM
6. 2026-06-13
   remarks 693-char remark
7. 2026-06-13
   listed $140,000 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: $2,520 · $210/mo
• Projected year-2 tax: $2,520 · $210/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 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: $24,971
• − Mortgage interest: −$7,842
• − Property taxes: −$2,520
• − Insurance: −$700
• − Repairs & maintenance: −$1,998
• − Management: −$1,998
• − HOA: −$2,748
• − Depreciation: −$4,073
• Taxable income: $3,093
• Est. tax owed @ 24.0%: −$742
• After-tax cash flow: $4,207/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 — Venice

• Score: 80/100
• State rank: #129
• US rank: #1925

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 448,376 people
• City population: 86,541
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 18,677
• Household income: $68,301
• Rent vs Own: 20.3% rent · 79.7% own
• Severe rent burden: 747.0

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 (88%)
• Race & ethnicity: White 88% Two or more races 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 1%
• Common ancestry: Romanian 5% Lithuanian 5% Italian 3%
• Foreign-born: 11% · Canada
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% German/W. Germanic 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: ▼ -329.42%
• Current HPI: 264.6389
• Rent YoY: ▲ 8.78%
• 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

+174.5% since first listed

8 events — show timeline

• 2026-06-11 Listed $140,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-29 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-11-11 Price Changed $157,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-23 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2011-12-29 Sold (Public Records) $105,000 Public Records
• 2011-12-20 Sold (MLS) $105,000 Stellar MLS as Distributed by MLS Grid
• 2011-11-21 Listed $105,000 Stellar MLS as Distributed by MLS Grid
• 2000-06-21 Sold (Public Records) $51,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $2,520 · +7.9% YoY. Source: county tax records.