1432 Coral Ridge Dr · Punta Gorda, FL 33950

$93,000

2 bd · 1.0 ba · 648 sqft · SingleFamily public records · 13 Days on market

Built 1960

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.6/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This is a double lot property on a dead end street in a culd a sac. it needs a new roof. tiles came off roof in a storm and water penetrated the inside of the house. .nice size yard. outback and front and side. very quiet neighborhood. call or text 239 457 2845.price is firm.

Key facts

• Dead end street
• Quiet neighborhood
• Double lot property

Tags

• DOUBLE LOT PROPERTY
• DEAD END STREET
• QUIET NEIGHBORHOOD

Property features AI

Exterior

• Home design: Built in 1960
• Construction: Living area approximately 684 square feet
• Exterior features: Lot approximately 0.34 acres

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $93k.

Deal economics

• At list price, monthly cash flow is $271 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $93k).
• Cap rate 15.3% vs local median 2.8% in Punta Gorda — 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 76/100 on livability (#225 in FL, #3,567 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, health & safety A+; Watch: cost of living D+, amenities D-, commute F.
• Charlotte (suburban): math 54% / reading 54% proficiency, ranked #22 of 73 in FL (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-0.1%/yr); 999 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,585 units permitted in Charlotte County in 2024 (703 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $643 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Charlotte County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 14y 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 $30k; list at $93k implies a 215% gain — meaningful room to come down on a strong offer.

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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,000

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.76% ✓
• Cap rate: 15.30%
• Cash-on-cash: 32.16%
• DSCR: 2.43
• GRM: 4.7

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: -2.5%
• Equity multiple: 0.91×
• Total profit: $-2,335
• Equity at exit: $13,867

10-year hold

• IRR: 1.8%
• Equity multiple: 1.10×
• Total profit: $2,704
• Equity at exit: $8,041

Cash invested: $26,040 (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 33950

• Home prices YoY: -29.9%
• Rents YoY: -0.1%
• Active inventory: 999
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,639 medium
• Mortgage (P&I): −$488
• Tax from tax record: −$71 /mo · $848/yr
• Insurance: −$39
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $271

Break-even live

Break-even rent $1,296

Max offer price $93,000

Occupancy floor 78%

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: $23,250
• Closing costs: $2,790
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2801 Vasco St Unit 13 Punta Gorda, FL	1.0	1.0	650	$1,295	$1.99	21d	1	0.86mi
368 E Henry St Punta Gorda, FL	1.0	1.0	740	$1,500	$2.03	21d	1	0.90mi
3121 Vasco St #6 Punta Gorda, FL	2.0	2.0	748	$1,200	$1.60	21d	1	0.91mi
301 W Henry St Punta Gorda, FL	1.0–2.0	1.0–2.0	830	$2,400	$2.89	21d	1	1.19mi

Listing history 28 events

1. 2026-06-18
   days on market $93,000 Active 13 DOM
2. 2026-06-17
   days on market $93,000 Active 12 DOM
3. 2026-06-16
   days on market $93,000 Active 11 DOM
4. 2026-06-15
   days on market $93,000 Active 10 DOM
5. 2026-06-14
   days on market $93,000 Active 8 DOM
6. 2026-06-13
   days on market $93,000 Active 7 DOM
7. 2026-06-10
   days on market $93,000 Active 5 DOM
8. 2026-06-09
   days on market $93,000 Active 4 DOM
9. 2026-06-08
   remarks 277-char remark
10. 2026-06-08
    days on marketlisting id $93,000 Active 3 DOM
11. 2026-06-05
    days on market $93,000 Active 7 DOM
12. 2026-06-02
    days on market $93,000 Active 5 DOM
13. 2026-06-01
    days on market $93,000 Active 4 DOM
14. 2026-05-31
    days on market $93,000 Active 3 DOM
15. 2026-05-30
    days on market $93,000 Active 2 DOM
16. 2026-05-28
    listed $93,000 Active
17. 2025-12-19
    listed $99,000 Active
18. 2025-08-08
    historical
19. 2025-08-05
    price $109,000
20. 2025-06-07
    status Active
21. 2025-06-05
    status Pending
22. 2025-04-12
    price $135,999
23. 2025-04-03
    status Active
24. 2025-03-28
    status Pending
25. 2025-03-22
    listed $150,000 Active
26. 2012-07-24
    soldstatus $29,500
27. 2012-06-11
    listed $29,900
28. 1984-11-01
    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: $848 · $71/mo
• Projected year-2 tax: $848 · $71/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,670
• − Mortgage interest: −$5,209
• − Property taxes: −$848
• − Insurance: −$5,584
• − Repairs & maintenance: −$1,574
• − Management: −$1,574
• − Depreciation: −$2,705
• Taxable income: $2,177
• Est. tax owed @ 24.0%: −$522
• After-tax cash flow: $2,733/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: Charlotte
• NCES district ID: 1200240
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 54% ▼ -1.00%
• Median HH income: $44,864
• Composite: 45.62/100
• National rank: #2586
• State rank: #22 of 73 in FL

Livability — Punta Gorda

• Score: 76/100
• State rank: #225
• US rank: #3567

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Charlotte County · 196,994 people
• City population: 68,831
• Metro: Punta Gorda, FL
• Population (ZIP): 24,955
• Household income: $76,369
• Rent vs Own: 17.6% rent · 82.4% own
• Severe rent burden: 608.0

Population outlook (Charlotte County) Hauer SSP2

• Today (2025): 198,646 people
• By 2030: 210,507 · +6.0%
• By 2040: 230,857 · +16.2%
• By 2050: 247,148 · +24.4%
• By 2075: 281,777 · +41.8%
• By 2100: 293,609 · +47.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 5% Black 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Lithuanian 5% Romanian 4% Italian 2%
• Foreign-born: 7% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Charlotte

• 2024 margin: Solid R (+34.0) · D 32.7% · R 66.7%
• 2008→2024 swing: -26.7pp toward R · 2008: -7.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+26.6 2016: R+27.8 2012: R+14.3 2008: R+7.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.73%
• Current HPI: 261.6573
• Rent YoY: ▼ -0.06%
• Metro: Punta Gorda, 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

+257.7% since first listed

13 events — show timeline

• 2026-05-28 Listed $93,000 FSBO.com
• 2025-12-19 Listed $99,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-08 Listing Removed — FORTMLS
• 2025-08-05 Price Changed $109,000 FORTMLS
• 2025-06-07 Relisted — FORTMLS
• 2025-06-05 Pending — FORTMLS
• 2025-04-12 Price Changed $135,999 FORTMLS
• 2025-04-03 Relisted — FORTMLS
• 2025-03-28 Pending — FORTMLS
• 2025-03-22 Listed $150,000 FORTMLS
• 2012-07-24 Sold (MLS) $29,500 Stellar MLS as Distributed by MLS Grid
• 2012-06-11 Listed $29,900 Stellar MLS as Distributed by MLS Grid
• 1984-11-01 Sold (Public Records) $26,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $848 · -25.7% YoY. Source: county tax records.