2144 Sadnet Ln · North Port, FL 34286

$374,000

4 bd · 3.0 ba · 1,998 sqft · SingleFamily public records · 287 Days on market

Built 2025 10,000 sqft lot $187/sqft · 5% below area Est $392k · at est. · waterfront

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Why this score? — see what drove the F 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).

• ARV discount +9.6/15.0
• Cash flow +6.3/30.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW CONSTRUCTION - Completed, move-in ready! This concrete block 4-bedroom 3-bathroom 2 car garage home has 80 ft canal frontage and is not in a Flood Zone. This home boast a modern design with high ceilings and features an open spacious floorplan design. With an awesome gourmet-inspired kitchen that features white cabinets with a large center island and subway backsplash and upgrades that include Stainless-steel Samsung appliance package with washer and dryer. Luxury wood-vinyl flooring throughout the common areas. A spacious master bedroom with tray ceilings, two walk-in closets, a private bathroom with dual vanity area, and large open walk-in shower. Front bedroom with bathroom is perfect for a guest room, mother in-law suite, or office. Home also features indoor laundry room connecting the attached garage, water softener, double pane windows, and sliding glassdoor that lead out to the open lanai. This brand new home is a must see.

Key facts

• Large center island
• Subway backsplash
• Water softener

Tags

• CANAL FRONTAGE
• GOURMET-INSPIRED KITCHEN
• LARGE CENTER ISLAND
• SUBWAY BACKSPLASH
• INDOOR LAUNDRY ROOM
• WATER SOFTENER

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $374k.

Deal economics

• At list price, monthly cash flow is $-667 ($-8k/yr) — negative.
• To cash-flow at today's rent, offer at most $256k (31.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (35.0% below list).
• Recommended offer: $243k (35.0% below list) — sets the bar for 1% rule.

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: Toledo Blade Elementary School (math 71% / reading 67%, grade A-, #399 of 2,144 statewide, top 19%, 799 students, 57% FRL); Woodland Middle School (math 57% / reading 57%, grade B, #164 of 571 statewide, top 30%, 978 students, 55% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL).
• Market conditions: Rents rising (+1.1%/yr); 852 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 36% of the median local income ($81k/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 $3k of loan paydown is wiped out by about $11k 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 287 days — a 12% lower offer ($329k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $26k; list at $374k implies a 1338% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $243,138 (35.0% 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 287 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
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. 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?
7. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
8. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
9. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
10. 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.
11. 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.
12. 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: 0.65% ✗
• Cap rate: 4.15%
• Cash-on-cash: -7.64%
• DSCR: 0.66
• GRM: 12.8

CMA / ARV

• ARV (median comp): $392,185
• List price: $374,000
• Delta: -4.64%
• Verdict: FAIR
• Comps: 3 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -31.7%
• Equity multiple: -0.03×
• Total profit: $-107,569
• Equity at exit: $55,765

10-year hold

• IRR: -47.9%
• Equity multiple: -0.59×
• Total profit: $-166,063
• Equity at exit: $32,337

Cash invested: $104,720 (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 34286

• Home prices YoY: -9.5%
• Rents YoY: 1.1%
• Active inventory: 852
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $2,431 medium
• Mortgage (P&I): −$1,961
• Tax from tax record: −$471 /mo · $5,649/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$511
• Net cashflow: $-667

Break-even live

Break-even rent $3,276

Max offer price $256,151

Occupancy floor —

Sensitivity live

Price	-10% $-455	-5% $-561	+0% $-667	+5% $-773	+10% $-879
Rent	-10% $-859	-5% $-763	+0% $-667	+5% $-571	+10% $-475
Rate	-1.0pp $-479	-0.5pp $-572	base $-667	+0.5pp $-764	+1.0pp $-863

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: $93,500
• Closing costs: $11,220
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1430 Sun Market Pl North Port, FL	1.0–3.0	1.0–2.0	997	$1,820	$1.82	15d	11	0.58mi

Listing history 19 events

1. 2026-06-21
   days on market $374,000 Active 287 DOM
2. 2026-06-18
   days on market $374,000 Active 284 DOM
3. 2026-06-17
   days on market $374,000 Active 283 DOM
4. 2026-06-15
   days on market $374,000 Active 281 DOM
5. 2026-06-13
   days on market $374,000 Active 279 DOM
6. 2026-06-13
   days on market $374,000 Active 278 DOM
7. 2026-06-10
   days on market $374,000 Active 276 DOM
8. 2026-06-09
   days on market $374,000 Active 275 DOM
9. 2026-06-08
   days on market $374,000 Active 273 DOM
10. 2026-06-05
    days on market $374,000 Active 270 DOM
11. 2026-06-03
    days on market $374,000 Active 269 DOM
12. 2026-06-02
    days on market $374,000 Active 268 DOM
13. 2026-06-01
    days on market $374,000 Active 267 DOM
14. 2026-05-31
    days on market $374,000 Active 266 DOM
15. 2026-03-23
    status Active 948-char remark

    Show marketing remark (948 chars)

    NEW CONSTRUCTION - Completed, move-in ready! This concrete block 4-bedroom 3-bathroom 2 car garage home has 80 ft canal frontage and is not in a Flood Zone. This home boast a modern design with high ceilings and features an open spacious floorplan design. With an awesome gourmet-inspired kitchen that features white cabinets with a large center island and subway backsplash and upgrades that include Stainless-steel Samsung appliance package with washer and dryer. Luxury wood-vinyl flooring throughout the common areas. A spacious master bedroom with tray ceilings, two walk-in closets, a private bathroom with dual vanity area, and large open walk-in shower. Front bedroom with bathroom is perfect for a guest room, mother in-law suite, or office. Home also features indoor laundry room connecting the attached garage, water softener, double pane windows, and sliding glassdoor that lead out to the open lanai. This brand new home is a must see.

16. 2026-03-18
    status Pending 948-char remark

    Show marketing remark (948 chars)

    NEW CONSTRUCTION - Completed, move-in ready! This concrete block 4-bedroom 3-bathroom 2 car garage home has 80 ft canal frontage and is not in a Flood Zone. This home boast a modern design with high ceilings and features an open spacious floorplan design. With an awesome gourmet-inspired kitchen that features white cabinets with a large center island and subway backsplash and upgrades that include Stainless-steel Samsung appliance package with washer and dryer. Luxury wood-vinyl flooring throughout the common areas. A spacious master bedroom with tray ceilings, two walk-in closets, a private bathroom with dual vanity area, and large open walk-in shower. Front bedroom with bathroom is perfect for a guest room, mother in-law suite, or office. Home also features indoor laundry room connecting the attached garage, water softener, double pane windows, and sliding glassdoor that lead out to the open lanai. This brand new home is a must see.

17. 2026-02-04
    price $374,000 948-char remark

    Show marketing remark (948 chars)

    NEW CONSTRUCTION - Completed, move-in ready! This concrete block 4-bedroom 3-bathroom 2 car garage home has 80 ft canal frontage and is not in a Flood Zone. This home boast a modern design with high ceilings and features an open spacious floorplan design. With an awesome gourmet-inspired kitchen that features white cabinets with a large center island and subway backsplash and upgrades that include Stainless-steel Samsung appliance package with washer and dryer. Luxury wood-vinyl flooring throughout the common areas. A spacious master bedroom with tray ceilings, two walk-in closets, a private bathroom with dual vanity area, and large open walk-in shower. Front bedroom with bathroom is perfect for a guest room, mother in-law suite, or office. Home also features indoor laundry room connecting the attached garage, water softener, double pane windows, and sliding glassdoor that lead out to the open lanai. This brand new home is a must see.

18. 2025-09-02
    listed $379,000 Active 948-char remark

    Show marketing remark (948 chars)

    NEW CONSTRUCTION - Completed, move-in ready! This concrete block 4-bedroom 3-bathroom 2 car garage home has 80 ft canal frontage and is not in a Flood Zone. This home boast a modern design with high ceilings and features an open spacious floorplan design. With an awesome gourmet-inspired kitchen that features white cabinets with a large center island and subway backsplash and upgrades that include Stainless-steel Samsung appliance package with washer and dryer. Luxury wood-vinyl flooring throughout the common areas. A spacious master bedroom with tray ceilings, two walk-in closets, a private bathroom with dual vanity area, and large open walk-in shower. Front bedroom with bathroom is perfect for a guest room, mother in-law suite, or office. Home also features indoor laundry room connecting the attached garage, water softener, double pane windows, and sliding glassdoor that lead out to the open lanai. This brand new home is a must see.

19. 2023-08-21
    soldstatus $26,000

ⓘ 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: $5,649 · $471/mo
• Projected year-2 tax: $5,649 · $471/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°F today · 27 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: $29,177
• − Mortgage interest: −$20,950
• − Property taxes: −$5,649
• − Insurance: −$1,870
• − Repairs & maintenance: −$2,334
• − Management: −$2,334
• − Depreciation: −$10,880
• Taxable loss: −$14,841
• Est. tax savings @ 24.0%: +$3,562
• After-tax cash flow: $-4,444/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): 22,534
• Household income: $80,553
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 545.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Subsaharan African 2%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% Other Indo-European 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: ▼ -31.36%
• Current HPI: 297.3707
• Rent YoY: ▲ 1.12%
• 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

+1338.5% since first listed

5 events — show timeline

• 2026-03-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Price Changed $374,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-02 Listed $379,000 Stellar MLS as Distributed by MLS Grid
• 2023-08-21 Sold (Public Records) $26,000 Public Records

Property tax history

+26.3%/yr

Latest (2025): $5,649 · +655.7% YoY. Source: county tax records.