9 Lafitte Dr · Laurel, FL 34275

$129,900

2 bd · 2.0 ba · 1,055 sqft · Manufactured public records · 200 Days on market

Built 1979 3,220 sqft lot $143/mo HOA · 8% 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 +27.3/30.0
• DSCR +9.5/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +1.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy the perfect blend of comfort and coastal charm at 9 Lafitte Drive in Nokomis! This beautifully maintained furnished water access neighborhood offers direct access to Shakett Creek with a neighborhood dock, ideal for boating, kayaking, or simply relaxing by the water. The open layout features light-filled living spaces, tasteful furnishings, and spacious Florida room (apex. 200 square feet) designed for entertaining or unwinding with peaceful quiet nights. Large Primary Bedroom has a walk-in closet. Very large laundry room conveniently located right off the driveway in the shed and under the carport for easy access. New electrical panel outside and new GFI's inside the home. Located just minutes from Nokomis Beach, Venice Island, shopping, dining, and easy access to both I-75 and US-41, this home delivers the best of Florida’s laid-back lifestyle with move-in-ready ease.

Key facts

• Neighborhood dock
• Large laundry room
• 3,220 sq ft lot

Tags

• DIRECT ACCESS TO SHAKETT CREEK
• NEIGHBORHOOD DOCK
• SPACIOUS FLORIDA ROOM
• LARGE LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $-53 ($-630/yr) — negative.
• To cash-flow at today's rent, offer at most $121k (7.1% below list).
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#529 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A-; Watch: cost of living D, 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: Laurel Nokomis School (math 78% / reading 73%, grade A, #211 of 2,144 statewide, top 10%, 1,411 students, 35% FRL); Venice Senior High School (math 67% / reading 61%, grade B-, #86 of 667 statewide, top 13%, 2,584 students, 31% FRL).
• Market conditions: Rents falling (-4.0%/yr); 752 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 $898 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.

Negotiation context

• It's been on market 200 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y ago; this cycle's ask has dropped $30k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $114,312 (12.0% 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 200 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
9. 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.
10. 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.
11. 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: 1.31% ✓
• Cap rate: 9.75%
• Cash-on-cash: 12.34%
• DSCR: 1.55
• GRM: 6.3

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: -24.4%
• Equity multiple: 0.20×
• Total profit: $-29,056
• Equity at exit: $19,369

10-year hold

• IRR: -45.7%
• Equity multiple: -0.31×
• Total profit: $-47,560
• Equity at exit: $11,231

Cash invested: $36,372 (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 34275

• Rents YoY: -4.0%
• Active inventory: 752
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,705 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$94 /mo · $1,134/yr
• Insurance: −$54
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$143
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $-53

Break-even live

Break-even rent $1,771

Max offer price $120,624

Occupancy floor 98%

Sensitivity live

Price	-10% $21	-5% $-16	+0% $-53	+5% $-89	+10% $-126
Rent	-10% $-187	-5% $-120	+0% $-53	+5% $15	+10% $82
Rate	-1.0pp $13	-0.5pp $-19	base $-53	+0.5pp $-86	+1.0pp $-120

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $143 · $1,716/yr
• Likely covers: waterelectric

Listing history 34 events

1. 2026-06-21
   days on market $129,900 Active 200 DOM
2. 2026-06-18
   days on market $129,900 Active 197 DOM
3. 2026-06-17
   days on market $129,900 Active 196 DOM
4. 2026-06-16
   days on market $129,900 Active 195 DOM
5. 2026-06-15
   days on market $129,900 Active 194 DOM
6. 2026-06-13
   days on market $129,900 Active 192 DOM
7. 2026-06-13
   days on market $129,900 Active 191 DOM
8. 2026-06-10
   days on market $129,900 Active 189 DOM
9. 2026-06-09
   days on market $129,900 Active 188 DOM
10. 2026-06-08
    days on market $129,900 Active 186 DOM
11. 2026-06-05
    days on market $129,900 Active 183 DOM
12. 2026-06-03
    days on market $129,900 Active 182 DOM
13. 2026-06-02
    days on market $129,900 Active 181 DOM
14. 2026-06-01
    days on market $129,900 Active 180 DOM
15. 2026-05-31
    days on market $129,900 Active 179 DOM
16. 2026-05-06
    price $129,900 894-char remark

    Show marketing remark (894 chars)

    Enjoy the perfect blend of comfort and coastal charm at 9 Lafitte Drive in Nokomis! This beautifully maintained furnished water access neighborhood offers direct access to Shakett Creek with a neighborhood dock, ideal for boating, kayaking, or simply relaxing by the water. The open layout features light-filled living spaces, tasteful furnishings, and spacious Florida room (apex. 200 square feet) designed for entertaining or unwinding with peaceful quiet nights. Large Primary Bedroom has a walk-in closet. Very large laundry room conveniently located right off the driveway in the shed and under the carport for easy access. New electrical panel outside and new GFI's inside the home. Located just minutes from Nokomis Beach, Venice Island, shopping, dining, and easy access to both I-75 and US-41, this home delivers the best of Florida’s laid-back lifestyle with move-in-ready ease.

17. 2026-03-27
    price $135,000 894-char remark

    Show marketing remark (894 chars)

    Enjoy the perfect blend of comfort and coastal charm at 9 Lafitte Drive in Nokomis! This beautifully maintained furnished water access neighborhood offers direct access to Shakett Creek with a neighborhood dock, ideal for boating, kayaking, or simply relaxing by the water. The open layout features light-filled living spaces, tasteful furnishings, and spacious Florida room (apex. 200 square feet) designed for entertaining or unwinding with peaceful quiet nights. Large Primary Bedroom has a walk-in closet. Very large laundry room conveniently located right off the driveway in the shed and under the carport for easy access. New electrical panel outside and new GFI's inside the home. Located just minutes from Nokomis Beach, Venice Island, shopping, dining, and easy access to both I-75 and US-41, this home delivers the best of Florida’s laid-back lifestyle with move-in-ready ease.

18. 2026-01-29
    price $145,000 894-char remark

    Show marketing remark (894 chars)

    Enjoy the perfect blend of comfort and coastal charm at 9 Lafitte Drive in Nokomis! This beautifully maintained furnished water access neighborhood offers direct access to Shakett Creek with a neighborhood dock, ideal for boating, kayaking, or simply relaxing by the water. The open layout features light-filled living spaces, tasteful furnishings, and spacious Florida room (apex. 200 square feet) designed for entertaining or unwinding with peaceful quiet nights. Large Primary Bedroom has a walk-in closet. Very large laundry room conveniently located right off the driveway in the shed and under the carport for easy access. New electrical panel outside and new GFI's inside the home. Located just minutes from Nokomis Beach, Venice Island, shopping, dining, and easy access to both I-75 and US-41, this home delivers the best of Florida’s laid-back lifestyle with move-in-ready ease.

19. 2026-01-29
    status Active 894-char remark

    Show marketing remark (894 chars)

    Enjoy the perfect blend of comfort and coastal charm at 9 Lafitte Drive in Nokomis! This beautifully maintained furnished water access neighborhood offers direct access to Shakett Creek with a neighborhood dock, ideal for boating, kayaking, or simply relaxing by the water. The open layout features light-filled living spaces, tasteful furnishings, and spacious Florida room (apex. 200 square feet) designed for entertaining or unwinding with peaceful quiet nights. Large Primary Bedroom has a walk-in closet. Very large laundry room conveniently located right off the driveway in the shed and under the carport for easy access. New electrical panel outside and new GFI's inside the home. Located just minutes from Nokomis Beach, Venice Island, shopping, dining, and easy access to both I-75 and US-41, this home delivers the best of Florida’s laid-back lifestyle with move-in-ready ease.

20. 2026-01-06
    status Pending 894-char remark

    Show marketing remark (894 chars)

    Enjoy the perfect blend of comfort and coastal charm at 9 Lafitte Drive in Nokomis! This beautifully maintained furnished water access neighborhood offers direct access to Shakett Creek with a neighborhood dock, ideal for boating, kayaking, or simply relaxing by the water. The open layout features light-filled living spaces, tasteful furnishings, and spacious Florida room (apex. 200 square feet) designed for entertaining or unwinding with peaceful quiet nights. Large Primary Bedroom has a walk-in closet. Very large laundry room conveniently located right off the driveway in the shed and under the carport for easy access. New electrical panel outside and new GFI's inside the home. Located just minutes from Nokomis Beach, Venice Island, shopping, dining, and easy access to both I-75 and US-41, this home delivers the best of Florida’s laid-back lifestyle with move-in-ready ease.

21. 2025-11-09
    listed $159,900 Active 894-char remark

    Show marketing remark (894 chars)

    Enjoy the perfect blend of comfort and coastal charm at 9 Lafitte Drive in Nokomis! This beautifully maintained furnished water access neighborhood offers direct access to Shakett Creek with a neighborhood dock, ideal for boating, kayaking, or simply relaxing by the water. The open layout features light-filled living spaces, tasteful furnishings, and spacious Florida room (apex. 200 square feet) designed for entertaining or unwinding with peaceful quiet nights. Large Primary Bedroom has a walk-in closet. Very large laundry room conveniently located right off the driveway in the shed and under the carport for easy access. New electrical panel outside and new GFI's inside the home. Located just minutes from Nokomis Beach, Venice Island, shopping, dining, and easy access to both I-75 and US-41, this home delivers the best of Florida’s laid-back lifestyle with move-in-ready ease.

22. 2025-07-04
    historical
23. 2025-05-13
    price $165,000
24. 2025-03-13
    listed $172,500 Active
25. 2025-03-12
    historical
26. 2025-01-09
    price $179,000
27. 2024-11-30
    price $189,000
28. 2024-06-03
    price $195,500
29. 2024-05-15
    listed $199,900 Active
30. 2022-08-08
    soldstatus $175,000
31. 2019-05-29
    soldstatus $120,000
32. 2009-03-13
    soldstatus $58,000
33. 2008-08-19
    listed $68,900
34. 1983-12-01
    soldstatus $15,900

ⓘ 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: $1,134 · $94/mo
• Projected year-2 tax: $1,134 · $94/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 7/10 Severe FEMA zone AE · 75% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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: $20,459
• − Mortgage interest: −$7,276
• − Property taxes: −$1,134
• − Insurance: −$5,768
• − Repairs & maintenance: −$1,637
• − Management: −$1,637
• − HOA: −$1,716
• − Depreciation: −$3,779
• Taxable loss: −$2,488
• Est. tax savings @ 24.0%: +$597
• After-tax cash flow: $-33/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 — Laurel

• Score: 68/100
• State rank: #529
• US rank: #9888

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laurel, FL
• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,436
• Household income: $89,369
• Rent vs Own: 11.7% rent · 88.3% own
• Severe rent burden: 338.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 7% Hispanic / Latino 4% Asian 3% Black 1%
• Common ancestry: Lithuanian 6% Romanian 4% Iranian 2%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 89% English-only · Spanish 3% Russian/Polish/Slavic 2% 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: ▼ -329.70%
• Current HPI: 268.9918
• Rent YoY: ▼ -3.97%
• 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

+717.0% since first listed

19 events — show timeline

• 2026-05-06 Price Changed $129,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Price Changed $135,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Price Changed $145,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-01-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-11-09 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-13 Price Changed $165,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-13 Listed $172,500 Stellar MLS as Distributed by MLS Grid
• 2025-03-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-01-09 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2024-11-30 Price Changed $189,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-03 Price Changed $195,500 Stellar MLS as Distributed by MLS Grid
• 2024-05-15 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2022-08-08 Sold (Public Records) $175,000 Public Records
• 2019-05-29 Sold (Public Records) $120,000 Public Records
• 2009-03-13 Sold (Public Records) $58,000 Public Records
• 2008-08-19 Listed $68,900 Stellar MLS as Distributed by MLS Grid
• 1983-12-01 Sold (Public Records) $15,900 Public Records

Property tax history

+3.4%/yr

Latest (2025): $1,134 · -21.0% YoY. Source: county tax records.