8466 Bumford Ave · North Port, FL 34287

$114,900

2 bd · 1.0 ba · 707 sqft · SingleFamily public records · 76 Days on market

Built 1962 6,500 sqft lot

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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 +29.6/30.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• 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

* * COME TAKE A WALK THROUGH YOUR NEW HOME WITH THE 3D INTERACTIVE VIRTUAL TOUR! * * INVESTOR SPECIAL! CASH ONLY! This affordable 1 bedroom, 1 bathroom home with CITY WATER AND SEWER offers a fantastic opportunity for investors, renovators, or buyers looking to create their own space. Featuring a NEW ROOF (2022) & 2022 Water Heater, and Updated Electric Panel, the home is ready for your updates and vision to unlock its full potential. Step inside to the main living room complete with a ceiling fan, window, and coat closet. Just beyond, the dinette area flows into the kitchen, which includes existing cabinetry, sink, stove, and refrigerator with functional layout potential. Off the living room, you’ll find an enclosed Florida room providing additional flexible space ideal for a home office, hobby room, or extended living area. .. or could possible use a 2nd Bedroom. Down the hall is the bedroom featuring a closet, window, and ceiling fan, along with a full bathroom offering a tub/shower combination, vanity, and mirror, plus a convenient linen closet just outside. Additional features include an exterior laundry room and a screened lanai, offering even more space to enjoy the Florida lifestyle. Located in the rapidly growing city of North Port, this property presents strong potential for those ready to renovate and add value. Near US-41, Coco Plum shopping center, county parks, dining, schools and more! This Southwest Florida location is close to historic Warm Mineral Springs, Englewood & Venice beaches, Wellen Park (with Costco and Atlanta Braves Spring Training). Enjoy year-round of boating, fishing, golfing, gulf beaches, and many restaurants and shopping. Call today to schedule a showing for this diamond in the rough.

Key facts

• Screened lanai
• New roof
• 6,500 sq ft lot

Tags

• NEW ROOF
• UPDATED ELECTRIC PANEL
• ENCLOSED FLORIDA ROOM
• EXTERIOR LAUNDRY ROOM
• SCREENED LANAI
• CLOSE TO ENGLEWOOD BEACHES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $414 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $108k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.6% 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.
• 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 $794 of loan paydown is wiped out by about $3k 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 76 days — a 6% lower offer ($108k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 21y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $93k; 24% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.36% ✓
• Cap rate: 10.62%
• Cash-on-cash: 15.45%
• DSCR: 1.69
• GRM: 6.1

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: 3.0%
• Equity multiple: 1.11×
• Total profit: $3,614
• Equity at exit: $17,132

10-year hold

• IRR: 9.7%
• Equity multiple: 1.65×
• Total profit: $21,017
• Equity at exit: $9,934

Cash invested: $32,172 (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: 6.1×

Monthly cashflow live

• Estimated rent: $1,559 medium
• Mortgage (P&I): −$603
• Tax from tax record: −$167 /mo · $2,004/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $414

Break-even live

Break-even rent $1,035

Max offer price $114,900

Occupancy floor 68%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-17
   status $114,900 Pending 76 DOM
2. 2026-06-16
   days on market $114,900 Active 76 DOM
3. 2026-06-15
   days on market $114,900 Active 75 DOM
4. 2026-06-13
   days on market $114,900 Active 73 DOM
5. 2026-06-13
   days on market $114,900 Active 72 DOM
6. 2026-06-10
   days on market $114,900 Active 70 DOM
7. 2026-06-09
   days on market $114,900 Active 69 DOM
8. 2026-06-08
   days on market $114,900 Active 68 DOM
9. 2026-06-08
   days on market $114,900 Active 67 DOM
10. 2026-06-05
    days on market $114,900 Active 64 DOM
11. 2026-06-03
    days on market $114,900 Active 63 DOM
12. 2026-06-02
    days on market $114,900 Active 62 DOM
13. 2026-06-01
    days on market $114,900 Active 61 DOM
14. 2026-05-31
    days on market $114,900 Active 60 DOM
15. 2026-04-23
    price $114,900 1770-char remark

    Show marketing remark (1770 chars)

    * * COME TAKE A WALK THROUGH YOUR NEW HOME WITH THE 3D INTERACTIVE VIRTUAL TOUR! * * INVESTOR SPECIAL! CASH ONLY! This affordable 1 bedroom, 1 bathroom home with CITY WATER AND SEWER offers a fantastic opportunity for investors, renovators, or buyers looking to create their own space. Featuring a NEW ROOF (2022) & 2022 Water Heater, and Updated Electric Panel, the home is ready for your updates and vision to unlock its full potential. Step inside to the main living room complete with a ceiling fan, window, and coat closet. Just beyond, the dinette area flows into the kitchen, which includes existing cabinetry, sink, stove, and refrigerator with functional layout potential. Off the living room, you’ll find an enclosed Florida room providing additional flexible space ideal for a home office, hobby room, or extended living area. .. or could possible use a 2nd Bedroom. Down the hall is the bedroom featuring a closet, window, and ceiling fan, along with a full bathroom offering a tub/shower combination, vanity, and mirror, plus a convenient linen closet just outside. Additional features include an exterior laundry room and a screened lanai, offering even more space to enjoy the Florida lifestyle. Located in the rapidly growing city of North Port, this property presents strong potential for those ready to renovate and add value. Near US-41, Coco Plum shopping center, county parks, dining, schools and more! This Southwest Florida location is close to historic Warm Mineral Springs, Englewood & Venice beaches, Wellen Park (with Costco and Atlanta Braves Spring Training). Enjoy year-round of boating, fishing, golfing, gulf beaches, and many restaurants and shopping. Call today to schedule a showing for this diamond in the rough.

16. 2026-04-01
    listed $125,000 Active 1770-char remark

    Show marketing remark (1770 chars)

    * * COME TAKE A WALK THROUGH YOUR NEW HOME WITH THE 3D INTERACTIVE VIRTUAL TOUR! * * INVESTOR SPECIAL! CASH ONLY! This affordable 1 bedroom, 1 bathroom home with CITY WATER AND SEWER offers a fantastic opportunity for investors, renovators, or buyers looking to create their own space. Featuring a NEW ROOF (2022) & 2022 Water Heater, and Updated Electric Panel, the home is ready for your updates and vision to unlock its full potential. Step inside to the main living room complete with a ceiling fan, window, and coat closet. Just beyond, the dinette area flows into the kitchen, which includes existing cabinetry, sink, stove, and refrigerator with functional layout potential. Off the living room, you’ll find an enclosed Florida room providing additional flexible space ideal for a home office, hobby room, or extended living area. .. or could possible use a 2nd Bedroom. Down the hall is the bedroom featuring a closet, window, and ceiling fan, along with a full bathroom offering a tub/shower combination, vanity, and mirror, plus a convenient linen closet just outside. Additional features include an exterior laundry room and a screened lanai, offering even more space to enjoy the Florida lifestyle. Located in the rapidly growing city of North Port, this property presents strong potential for those ready to renovate and add value. Near US-41, Coco Plum shopping center, county parks, dining, schools and more! This Southwest Florida location is close to historic Warm Mineral Springs, Englewood & Venice beaches, Wellen Park (with Costco and Atlanta Braves Spring Training). Enjoy year-round of boating, fishing, golfing, gulf beaches, and many restaurants and shopping. Call today to schedule a showing for this diamond in the rough.

17. 2005-06-09
    soldstatus $92,900
18. 2005-06-06
    soldstatus $92,900 70-char remark

    Show marketing remark (70 chars)

    ADDITIONAL 6X10 STORAGE SHED. HOME IS NEAT CLEAN. PRIVATE REAR YARD.

19. 2005-04-20
    listed $92,900 70-char remark

    Show marketing remark (70 chars)

    ADDITIONAL 6X10 STORAGE SHED. HOME IS NEAT CLEAN. PRIVATE REAR YARD.

20. 1993-02-09
    soldstatus $33,000
21. 1977-05-01
    soldstatus $18,000

ⓘ 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: $2,004 · $167/mo
• Projected year-2 tax: $2,004 · $167/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) · 57% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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: $18,708
• − Mortgage interest: −$6,436
• − Property taxes: −$2,004
• − Insurance: −$574
• − Repairs & maintenance: −$1,497
• − Management: −$1,497
• − Depreciation: −$3,343
• Taxable income: $3,357
• Est. tax owed @ 24.0%: −$806
• After-tax cash flow: $4,164/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

+538.3% since first listed

7 events — show timeline

• 2026-04-23 Price Changed $114,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-01 Listed $125,000 Stellar MLS as Distributed by MLS Grid
• 2005-06-09 Sold (Public Records) $92,900 Public Records
• 2005-06-06 Sold (MLS) $92,900 Stellar MLS as Distributed by MLS Grid
• 2005-04-20 Listed $92,900 Stellar MLS as Distributed by MLS Grid
• 1993-02-09 Sold (Public Records) $33,000 Public Records
• 1977-05-01 Sold (Public Records) $18,000 Public Records

Property tax history

+8.4%/yr

Latest (2025): $2,004 · +4.6% YoY. Source: county tax records.